GreenWell Renewable Power Corporation (GRPC)

Introduction to GreenWell

2013GreenWell Renewable Power Corporation

GreenWell Renewable Power Corp (GRPC)

• The goal is to develop a profitable set of electrical utility base load power projects using renewable and fossil energy reserves from Geo-pressured wells.

• This goal will be accomplished in conjunction with our Partner Vision Exploration, and will be initially focused on the US states of Mississippi, Louisiana and Texas.

GRPC has Developed a System to Integrate the Renewable and Fossil Fuel Sources

• GreenWell has now developed an integrated power plant design and process for renewable and fossil fuels and, through our experienced personnel, will profitably develop, build and operate a major series of electricity producing power plants.

• GreenWell has put together a team of scientists, engineers, project developers and technology leaders that will work hand in hand with stakeholders, Governmental and Regulatory decision makers to extract energy from geo-pressurized energy sources.

• GreenWell’s Board of Directors have extensive experience with Government as well as Private Energy entities in all the integrated areas of concerns.

GRPC Overall Strategy

GRPC is positioned as a leading utility scale electricity generation project developer by utilizing co-produced hot geothermal energy

and natural gas • We have identified geo-pressurized hot brine and saturated natural

gas zones. • We will take full advantage of all tax incentives and renewable

energy credits.• Capture significant geothermal acreage leaseholds to be first mover

to value these assets by demonstrating generation potential.• Reduce risk and cost by partnering with an experienced production

well developer (Vision Exploration), using available sub-surface data and existing re-injection wells.

• Develop projects that generate utility-scale, base load electricity from proven renewable and fossil reserves using established technologies.

GRPC

Summary Results of US Power GGGGGCost Data for Energy Production Methods

G EOT H E R M A L O P P O R T U N I T I E S

G E O T H E R M A L O P P O R T U N I T I E S

G E O T H E R M A L O P P O R T U N I T I E S

Geo-Pressurized Geothermal Economic Terms

• Kinetic Energy Economics: KEE Machine• Potential energy captured as hydraulic energy at a mass flow

rate of 10,000 barrels of brine per day.

• Thermal Energy Economics:• 285 degree F hot brine Thermal Energy : ORC Machine

• Chemical Energy Economics: • 70 standard cubic feet of entrained Natural Gas in the Brine:

Rotary Engine Machine

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Total Energy Production(~ 6 MWe) = Potential Energy Capture + Geothermal Temperature Energy + Geothermal Nat Gas Energy

Each ~ 6 MWe Power Plant Requires both a Production Well & 2 Re-injection Wells

Electricity Generation Platform and Subsurface Well Bores

• 12,000 – 14,000 Feet• 280° - 320° F

1300*F EXHAUSTW/ HEAT RECOVERY

NATURAL GAS MODUAL W / COOLING TOWER (CAP. For 3 ORCs)

ORC

GENSET

SWITCHGEAR

COOLING TOWER

Preliminary IRR Calculation for 1st ProjectAssumptions:

• Flow rate of brine to surface –- 10,000 Barrels per day*• *The decline rate (if any) of the initial project reservoir is not known at this

time, but from known connectivity and conductivity studies, we believe the above assumption to be conservative and that the rate will sustain.

• Pressure at surface of the brine flow stream — 2500 psi• Temperature of Brine at entrance of ORC – 285 degrees F• Natural Gas content in brine to Rotary Engines – 70 scf per bbl of brine. This

gives much higher temp and more efficient ORC’s• PPA (8.5 cents/kw-hr) plus PTC credit (assumed 1.5 cents/kw-hr). • Therefore, Total Revenue from Project # 1 = 10 cents /KWe-hr.• Initial project has only a 50 KWe KEE (250 kw-hr KEE in 2nd project).• Lease 1000 acres initially at assumed $ 300, option 4000 acres at $100/acre.

Preliminary IRR Calculation• Total CAPEX for Project #1 required is $13.25 M US• The preliminary simple IRR is based on the total

cost of Project (above):• Included are costs for Leasehold acquisition,

Production well drilling and prep, re-injection well re-work, plus total cost of surface power plant (labor, materials, grid connection), plus initial total cost of final design and labor/materials, construction and testing of 50 KWe KEE.

• IRR= 24.3 %