Alternative Earth currently remains responsible for two geothermal wells at its former New Truckhaven property in California which is optioned to a third party. Well abandonment liabilities are approximately US$200,000; however, these wells are expected to be transferred along the well bonding responsibility to the Optionee, or alternatively, to the underlying geothermal rights owner(s) in the first quarter of 2015. Alternative Earth has previously recovered well bonds from former properties in Oregon and Nevada and would recover a further US$125,000 when the New Truckhaven wells are transferred.
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