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| | Mon Apr 16, 2007
Announces Development Drilling to Continue at Blue Mountain
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| | ThermaSource Rig to be Onsite May 1, 2007
VANCOUVER, BC (April 16th,, 2007) -- Nevada Geothermal Power Inc. (NGP) (TSX-V: NGP, OTCBB: NGLPF) announces that a geothermal drilling contract has been signed with ThermaSource Inc. to drill up to two additional reservoir test wells at Blue Mountain. Rig #101 is expected to be mobilized on May 1st..
Well 38-14, previously drilled to 2008 feet, will be deepened through the anticipated geothermal production zone to approximately 3500 feet total depth. A second well will be drilled, if necessary, to complete the reservoir evaluation supporting the company's program to build the 'Faulkner 1' geothermal power plant under the Company's existing power purchase agreement with Nevada Power Company. Results are expected to yield similar results to well 26A-14, which encountered a "prolific" production zone, between 2215 feet and hole bottom at 2815 feet. .
In business since 1980, ThermaSource is a leading geothermal drilling company and project management consultant. The ThermaSource management team has over 90 years of combined geothermal drilling experience and is a respected member of the geothermal industry.
Click on link to find out more about ThermasSource: http://www.thermasource.com/content/aboutus.php
About Nevada Geothermal Power Inc.
Nevada Geothermal Power Inc. is a renewable energy company 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 four properties: Blue Mountain, Pumpernickel, Black Warrior, all of which are ideally situated in Nevada and Crump Geyser in Oregon. An initial 31.5 MW (net) power plant is planned to begin generating power at the Blue Mountain site subject to further resource drilling and feasibility studies.
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Nevada Geothermal Power Inc.
Brian D. Fairbank, P. Eng.
President & CEO
www.nevadageothermal.com
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 such as "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. |
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