Nevada Geothermal Power Inc.
OTC Bulletin Board : NGLPF

Nevada Geothermal Power Inc.

September 19, 2007 09:15 ET

Nevada Geothermal Power Inc. Reports Interim Results for Reservoir Production Development Drilling at the Blue Mountain Geothermal Project

Well Three a Spontaneous Producer!

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 19, 2007) - Nevada Geothermal Power Inc. ("NGP") (TSX VENTURE:NGP)(OTCBB:NGLPF), today announced Well 23-14, completed to a depth of 3415 feet (1041 metres), intersected a geothermal production zone similar to that intersected in Well 26A-14.

GeothermEx, Inc. stated that the "...rig test has indicated that the well is a prolific producer."

On September 15, 2007, Well 23-14 flowed geothermal fluid under its own pressure at a post flash rate of 1865 gallons/minute (118 litres/sec) and a well head pressure of 78 psig (538kPa). A static temperature survey on September 16, 2007 showed a maximum downhole temperature of 374 degreesF (190 degreesC). Preparations are underway for longer term testing with results expected in two weeks' time.

To view the recently completed Well 23-14 flowing unassisted: September 16th, 2007, please click on:

Meanwhile, Well 38-14, which has been shut in for eight weeks, has heated up to a maximum temperature of 355 degrees F (179 degrees C) at a depth of 2657 feet (810 metres) and the shut in wellhead pressure has increased to 150 psi (1035 kPa). The results indicate that Well 38-14 may also have a connection with the reservoir intersected in Wells 26A-14 and 23-14. However, geothermal fluid flow is currently restricted. Further assessment of 38-14 is planned.

"We are delighted with the interim results from our three well reservoir production test program. NGP has commissioned an independent evaluation by GeothermEx, Inc. of Richmond, California, in order to proceed with the next phase of development. The high temperature results support either a flash plant or a binary power plant, allowing for more flexibility in finalizing the construction contract for the 'Faulkner I' geothermal power plant," stated Brian Fairbank, President & CEO of Nevada Geothermal Power Inc.

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 located in Nevada and Crump Geyser in Oregon. These properties are at different levels of exploration and development. NGP estimates a potential of approximately 150 MW to over 200 MW from the current leaseholds.

Nevada Geothermal's flagship project, Blue Mountain, located 30 kilometers (20 miles) west of the town of Winnemucca, Nevada, is ideally situated for development. The proposed Faulkner I geothermal plant will require a 20-mile long transmission line over relatively flat, undeveloped desert land to a connection point located on the utility's (Sierra Pacific) 120kV-transmission line north of Mill City, Nevada. Extensive environmental studies have been completed along the power line route and around the proposed power plant site and an environmental assessment is in process by the Bureau of Land Management (BLM).

The electric power is to be sold under a 20-year Power Purchase Agreement to the Nevada Power Company, for up to 35 MW of geothermal power. Phase 1 at Blue Mountain is expected to commence power generation in late 2009.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available.

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 X118 or Toll Free: 1-866-688-0808 X118
    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