UK territory Montserrat in the Caribbean can proceed with a geothermal exploration drilling program after assurances by the UK Department of International Devleopment has given a green light and assurance of financial support.
With ongoing development in the Caribbean, and drilling going well in Dominica, the nearby island state of Montserra (UK territory) has now received the go ahead and “assurance of financial support for geothermal exploration after signing a Memorandum of Understanding with the UK Department of International Development”.
“Funds will support phase one of an exploratory well drilling program over 12 months starting May 2012, including site preparation and access works, drilling, supervision and testing. A group currently drilling in Dominica will assess potential sites and make a decision on tendering for the project.”
The group active in Dominica includes Icelandic geothermal drilling company Iceland Drilling and Iceland GeoSurvey (ISOR).