Fish Lake Geothermal

The Fish Lake project was acquired by OME in 2020 during the COVID 19 pandemic. The project included several federal geothermal leases and several existing geothermal wells. OME drilled two successful full-size geothermal wells in late 2022 and has conducted multiple flow tests to confirm the ultimate resource conditions which are currently expected to produce up to 20 MW. OME is currently in the permitting phase and intends to drill additional wells to increase injection capacity. OME executed power purchase agreements with CCPower and LMUD. OME expects the project to achieve commercial operation in the first quarter of 2025.