Floricultura geothermal doublet update

January 2014, Heemskerk, the Netherlands

At the 2nd of January GT-02, driling of the last well of the geothermal doublet for Ce-Ren Beheer / Floricultura , was completed and handed over for use.

Both wells GT-01 and GT-02 of the geothermal doublet are drilled from the same location.

The wells were drilled in the Slochteren sandstone formation reaching depths over 2600 m vertical from the surface. The Slochteren sandstone formation is the reservoir that is deployed for providing the geothermal heat.

Floricultura intends to use the geothermal capacity to heat their Heemskerk greenhouse facilities, covering about 10 hectare. Yearly over 10 million young orchid flower plants, total consisting of more than 14 species, are grown in this greenhouse complex. The young plants are sold worldwide.

Drilling was performed using a 300 metric ton rig. Well Engineering Partners provided well engineering, support and well site supervision on the drilling and well testing