Mazama drills second well (Athena) at Newberry in 15 days, 80% faster than first well, demonstrating rapid drilling advancement

Mazama Energy/Newberry Superhot EGS Pilot

Mazama's second well (Athena) at Newberry reached 10,350 feet in 15 drilling days, an 80% reduction compared to the first well drilled to the same depth. The rapid progress demonstrates Mazama's drilling innovation and cost reduction pathway for future projects.

• Athena well drilled to 10,350 ft in 15 days (vs. earlier well at same depth: ~75 days)
• 80% drilling-time reduction lowers future project capex
• Proves repeatability of rapid-drilling technique developed through MUSE platform
• Athena designed for 15 MW pilot power demonstration