Profile: Cadiz Inc (CDZI.OQ)
26 Dec 2014
Cadiz Inc. is engaged in acquiring and developing land and water resources. The Company’s primary asset consists of 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s portfolio of water resources is located in proximity to the Colorado River and the Colorado River Aqueduct (CRA), the principal source of imported water for Southern California, and provides the Company with the opportunity to participate in a variety of water supply, water storage, and conservation programs with public agencies and other partners. It owns approximately 34,000 acres of land and the subsurface strata, inclusive of the unsaturated soils and appurtenant water rights in the Cadiz and Fenner valleys of eastern San Bernardino County (the Cadiz/Fenner Property). It also own approximately 10,800 additional acres in the eastern Mojave Desert, including the Piute and Danby Dry Lake properties.
The Cadiz Valley Water Conservation, Recovery and Storage Project
The aquifer system underlying this property is naturally recharged by precipitation (both rain and snow) within a watershed of approximately 1,300 square miles. Water Project facilities would include high yield wells designed to recover available native groundwater from beneath the Water Project area; a 43-mile conveyance pipeline to connect the well field to the CRA; a pumping plant to pump water through the conveyance pipeline from the CRA to the Project well-field; an energy source to provide power to the well-field, pipeline and pumping plant, and spreading basins, which are shallow settling ponds that will be configured to percolate water from the ground surface down to the water table using subsurface storage capacity for the storage of water.
Other Eastern Mojave Properties
The Company’s landholding is approximately 9,000 acres in the Piute Valley of eastern San Bernardino County. This landholding is located approximately 15 miles from the resort community of Laughlin, Nevada, and about 12 miles from the Colorado River town of Needles, California. The aquifer system underlying this property is naturally recharged by precipitation (both rain and snow) within a watershed of approximately 975 square miles. In addition, the Company owns an an areage located near Danby Dry Lake, approximately 30 miles southeast of its landholdings in Cadiz and Fenner valleys. Its Danby Lake property is located approximately 10 miles north of the CRA.
Within the Cadiz/Fenner Property, 9,600 acres have been zoned for agriculture. The infrastructure includes seven wells that are interconnected within this acreage, with total annual production capacity of approximately 13,000 acre feet of water. Permanent crops in commercial production include 160 acres of vineyards of certified-organic, dried-on-the-vine raisins and 260 acres of lemons.
Suite 2850, 550 South Hope Stree
LOS ANGELES CA 90071