A team from Iceland Drilling Company spent some time on island recently looking at the island’s geothermal potential.

The company, which is currently in Dominica carrying out exploratory geothermal work, visited several sites here including the Corkhill/Foxes Bay area.

Following the visit of officials from Iceland drilling, a decision will be make on whether or not it will tender for the project.

The two member team also held meetings with Government Officials and various stakeholders.

On May 1^st, Montserrat received the United Kingdom’s green light and assurance of financial support for geothermal exploration.

In a press release, The Rt. Hon. Andrew Mitchell, Secretary of State for International Development and the Rt. Hon. Alan Duncan, Minister of State for International Development announce that the UK government will support Montserrat’s plan to “prove the size and potential of geothermal reserves on island.

It says the funds will support Phase one of an exploratory well drilling programme over a 12-month period starting May 2012.

The release says the DFID funding will cover all necessary site preparation and access works, all drilling, supervision and well testing, and the technical assistance required by the Government of Montserrat to manage and implement the project successfully.

It states that if exploration proved successful the wells could be used for production. The release says while there now seems a good chance that the exploration will prove the resource, it’s not yet certain that Montserrat will be able to move to the production phase.