Canadian Geothermal Code for Public Reporting
Registrar of Qualified Persons Under the Canadian Geothermal Code for Public Reporting
About the Canadian Geothermal Code for Public Reporting
The Canadian Geothermal Energy Association (CanGEA) is proud to present the Canadian Geothermal Code for Public Reporting. The Canadian Geothermal Code for Public Reporting provides a minimum set of requirements for the public reporting of Exploration Results, Geothermal Resources and Geothermal Reserves. The Code will provide a basis for transparency, consistency and confidence in the public reporting of geothermal information.
The Canadian Geothermal Code for Public Reporting was prepared by the Canadian Geothermal Code Committee (CGCC), established in December 2008. The primary objectives determined by the Committee were to provide a reporting basis that would be satisfactory to investors, stakeholders and capital markets such as the Canadian Securities Exchanges, and to develop a Code that would be applicable to geothermal plays in both Canada and internationally. The Code, a first in Canada, will serve to increase investor confidence and interest in the geothermal energy sector through the standardization of geothermal reporting.
It is anticipated that public reporting using the Code will be undertaken by all CanGEA members involved in exploration and/or operation of geothermal properties. The use of the Code will be on a voluntary compliance basis (industry self-regulation) until 2011 when Code compliance will be a mandatory requirement for CanGEA membership. CanGEA members involved in the financial community, including geothermal investors, financial advisers and financial institutions will also benefit from standardized and transparent reporting of geothermal assets. CanGEA will be holding Code training seminars throughout the upcoming months.
Currently, copies of the code are available exclusively to 2010 CanGEA Members. For more information on membership, including how to sign-up, please contact .(JavaScript must be enabled to view this email address)or consult our membership page.