Nevada Geothermal Power Inc.
OTC Bulletin Board : NGLPF

Nevada Geothermal Power Inc.

February 29, 2008 09:15 ET

Nevada Geothermal Power Announces Results from Flow Test; GeothermEx, Inc. Rates Well 25-14 at 7.5 MW Net Capacity

"The Well is Very Prolific"

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2008) - Nevada Geothermal Power Inc. ("NGP") (TSX VENTURE:NGP)(OTCBB:NGLPF) today announced that long term flow-test results from Well 25-14 indicate that the well is a very prolific producer. Flow testing of 25-14 was done under the supervision of GeothermEx, Inc. ("GeothermEx") an independent consultant based in Richmond California.

Excerpts from GeothermEx's report:

- Well 25-14 produced roughly 770,000 pounds per hour when fully open (equivalent to a volumetric flow rate of 1,750 gallons per minute) at a wellhead pressure of 120 pounds per square inch.

- The well produces primarily from a single zone at 2,280 feet (695 metres). The temperature of the zone is 374 degrees F (190 degrees C).

- Comparison of static and flowing pressure survey in 25-14 indicates a total cumulative pressure drawdown of about 121 psi at 2,280 feet (695 metres) during the production period. This indicates very good productivity.

- The net power potential of 25-14 would be about 7.5 MW. This estimate accounts for parasitic load for the combination of the production pump in the well and the well's proportionate share of a binary plant and injection pumps.

Well 25-14, completed to a depth of 2370 feet (722 metres). The well was flowed for approximately 50 hours, including 33 hours of full flow, from 27 to 29 January 2008. The principal production zones indicated by spinner surveys are located below 2,280 feet depth (694 metres).

The Blue Mountain geothermal field is located 130 miles (209 kilometres) northeast of Reno, Nevada and is being developed by NGP. The field is 20 miles (32 kilometres) west of the town of Winnemucca, on the west flank of Blue Mountain. NGP has completed three full-size productive wells at Blue Mountain (26A-14, 23-14 and 25-14) and is currently drilling well (44-14).

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, renewable and sustainable. NGP currently owns a 100% leasehold interest in four properties: Blue Mountain that is expected to commence power generation late 2009 for up to 35 MW gross of geothermal power, Pumpernickel, Black Warrior, all located in Nevada and Crump Geyser in Oregon.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Nevada Geothermal Power Inc.
    Brian D. Fairbank, P. Eng.
    President & CEO
    (604) 688-1553 or Toll Free: 1-866-688-0808
    Nevada Geothermal Power Inc.
    Shelley Kirk
    Investor Inquiries
    (604) 688-1553 X118 or Toll Free: 1-866-688-0808 X118
    Pro-Edge Consultants Inc.
    Tracy Weslosky or Fred Cowans
    Managing Partners
    (416) 581-0177 or Toll Free: 1-866-544-9622