Our landholdings consist of three blocks of land in eastern San Bernardino County, California totaling approximately 45,000 acres (~72 square miles).  Virtually all of this land is underlain by high-quality natural groundwater resources with demonstrated potential for various applications, including water storage, agricultural, recreational and residential development.  

The Company has conducted a detailed analysis of the Company’s land assets to assess the opportunities for these properties.  Based on this analysis, the Company believes that its properties have significant long-term potential for residential and commercial development.

Cadiz Valley Property:

We own approximately 34,000 acres (~55 square miles) of land and related high-quality groundwater resources in the Cadiz and Fenner valleys of eastern San Bernardino County.  The aquifer system underlying this property is naturally recharged by precipitation (both rain and snowfall) within a watershed of approximately 1,300 square miles, which experts estimate contains roughly 30 – 40 million acre-feet of indigenous groundwater. The facilities required to operate the Cadiz Valley Groundwater Storage Project would be located on only a small portion of this property.  About 1,600 acres of this property have been developed for agriculture; approximately 1,000 acres are currently under cultivation.

Piute Property:

Our second largest landholding is comprised of approximately 9,000 acres in the Piute Valley of eastern San Bernardino County.  This landholding is located approximately 15 miles from Laughlin, Nevada, and about 12 miles from the Colorado River town of Needles, California.  Extensive hydrological studies, including the drilling and testing of a full-scale production well, have demonstrated that this landholding is underlain by high-quality groundwater. The aquifer system underlying this property is naturally recharged by precipitation (both rain and snowfall) within a watershed of approximately 975 square miles.

Danby Property:

The Company owns additional acreage located near Danby Dry Lake, approximately 30 miles southeast of our landholdings in the Cadiz and Fenner valleys.  The Danby Lake property is located approximately 10 miles north of the Colorado River Aqueduct.  Initial hydrological studies indicate that it has excellent potential for a groundwater storage and supply project.

Cadiz Program area:         34,000 acres
Piute Valley:                      9,000 acres
Danby Lake:                       2,000 acres