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| | Fri Jan 5, 2007
Geothermal Drilling Planned for Pumpernickel Project, Nevada
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| | VANCOUVER, B.C. (January 5th, 2007) -- Nevada Geothermal Power Inc. (NGP) (TSX-V: NGP, OTC-BB: NGLPF) ("Nevada Geothermal") announced today that three thermal gradient wells (temperature survey) and a seismic survey are planned for the Pumpernickel geothermal field in Nevada. Work is anticipated to commence upon permitting approval. The drilling will enhance our understanding of the characteristics of the Pumpernickel geothermal reservoir and is the final exploration effort prior to drilling a deep production assessment well.
The exploration program is operated by Nevada Geothermal. Sierra Geothermal Power Corp. (TSX-V: SRA) has the obligation to fund the exploration effort under its option to acquire a 50% interest in the Pumpernickel Geothermal Project from Nevada Geothermal.
Widespread geothermal fluids are being channeled to the surface (hot springs) through range-front faults and suggest potential for an electricity-grade geothermal resource. Combined data from the previously drilled wells define a field of at least 1.5 by 3.5 km with thermal gradients >100o C/km. The geothermal gradients in both the Magma and PVTG-3 holes increased near the bottom of the holes to 160o C/km and 200o C/km, respectively (Shevenell and Garside, 2003).
David Blackwell, PhD, a well known geothermal heat flow expert and the world's foremost expert in temperature gradient analysis, has identified the Pumpernickel site as one of the top geothermal prospects in Nevada.
About Nevada Geothermal Power Inc.:
Nevada Geothermal Power Inc. is a renewable energy company exploring and developing geothermal projects in the United States to provide electrical energy that is clean, efficient and sustainable. NGP is committed to the geothermal industry and currently owns a 100% leasehold interest in the Blue Mountain, Pumpernickel, Black Warrior projects in Nevada and the Crump Geyser Project in southern Oregon.
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Nevada Geothermal Power Inc.
Brian D. Fairbank, P. Eng.
President & CEO
Investor Inquiries
Shelley Kirk
Nevada Geothermal Power Inc.
Telephone: 604-688-1553 X118
Toll Free: 866-688-0808 X118
Email: sfkirk@nevadageothermal.com
Tracy Weslosky or Fred Cowans
Managing Partners
Pro-Edge Consultants Inc.
Telephone: (416) 581-0177
Toll Free: (866) 544-9622 or
info@pro-edge.com
www.pro-edge.com
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words suchas "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition, or alteration to the information catered in this Press Release including such forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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