Irwin Michael, B.Com, MBA
Geodrill LTD
GEO-T
HOLD
Jan 13, 2012
Contract drilling in West Africa. Management is very motivated and owns over 40% of the company and under promises and over delivers. Biggest problem is not having enough rigs. This is a long-term hold.
Small start-up geothermal company. Once you actually find the thermal resource, what it produces is competitive with grid power prices. However, very capital intensive, which drags down returns. He would rather play the manufacturer side. Biggest one is Ormat Technologies (ORA-N)
Merging with 2 other companies and will have its name changed to RAM. Thinks geothermal is probably the single most attractive resource opportunity. He is a bull on energy particularly alternative energy.