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This initial 2-D MT survey has confirmed the finding of previous TEM survey in the Theistareykir field about the existence of a high temperature reservoir under the Theistareykja area, and also outlined better the boundaries of the reservoir along each long 2-D MT survey lines. This study establishes the relationship between resistivity, temperature and lithology. The geophysical exploration activities act as a very important role to help explore and characterize a geothermal reservoir among other geoscience methods for potential geothermal power plant construction project.