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Ram Power, Corp. Announces Successful Drilling Results at San Jacinto-Tizate
Published : March 24, 2011
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Keywords :   Canada | Recovery | Water |

RENO, NV--(Marketwire - March 24, 2011) - Ram Power, Corp. (TSX: RPG) ("Ram Power" or the "Company"), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, announced today the successful re-drill and initial evaluation of production well SJ12-1, and the successful flow test results of production well SJ12-2 at San Jacinto-Tizate.

As previously announced, to achieve production in wells SJ 12-1 and SJ 12-2, the Company had decided to re-drill both wells. The re-drills were expected to correct the problems encountered in the original drilling and reach the originally planned intersection of deep production zones. In February 2011, the Company re-appointed Sinclair Knight Merz ("SKM"), a leading global consulting firm in the geothermal industry, which has extensive experience in drilling and analyzing the resource at San Jacinto-Tizate where they successfully drilled 40MW. SKM's expertise in well targeting contributed to better definition of inclination and azimuth angles for directional wells. SKM's experience with the San Jacinto-Tizate resource field led to optimal selection of drilling fluids, flow rates, and drilling penetration rates and greater use of perforated liner which were successfully utilized in previous drilling at the resource field. In addition, SKM has a drilling engineer and a scientist on site and is actively evaluating the techniques used for drilling to reduce drilling costs and frequency of drilling incidents. Forking or side-tracking of existing wells has achieved production earlier and at less expense than drilling new wells.

Under SKM's direction, the Company commenced the re-drill of well SJ 12-1 ST1 (a sidetrack recovery of the SJ12-1 well) in February 2011. The well was completed in March 2011 to a depth of 8,544 ft., and upon completion was immediately evaluated with an injection test designed to determine permeability. A standard three-step injectivity test was conducted by pumping water to depth in the well at high rates for an extended period of injection. The injectivity index which measured 20 t/h/bar indicates moderate to good permeability for the well. Typically wells with similar injectivity index measurements drilled at San Jacinto-Tizate are commercial producers and SKM estimates that the capacity of the well is expected to be in the 5 - 10 MW range. After a heat up period, a long-term flow test which involves the connection of well SJ12-1 ST1 to a test separator will be performed and the results will be certified according to the project lenders protocols in May 2011 by GeothermEx, Inc.

The Company completed the initial drilling of SJ 12-2 in January 2011. The well was drilled to a depth of 7,532 ft. at which point a drill rig power failure resulted in the drill string becoming stuck in the well. At that time the well was experiencing a total loss of circulation of drilling fluids which provided an indication of high permeability. After several attempts to free and retrieve the drill string, the drill string was severed at a depth of 7,228 ft. After four days of initial flow testing, despite having 276 ft. of stuck drilling apparatus at the bottom, the well produced separated steam at a rate of 31 t/hr at design pressures for the turbine inlet with production from a down hole zone that exceeded 510°F. These initial results confirmed that well SJ12-2 will be a production well with an estimated capacity of about 4 MW. In order to maximize the potential production from this well, the Company plans to fork SJ12-2 while retaining this initial productive leg of the well. Drilling of the SJ12-2 fork will commence by the end of this month and completion of the drilling is expected in May 2011. 

The San Jacinto-Tizate exploration drilling program is focused on developing the geothermal resources needed for the phased power plant expansion designed to increase production from the current 10 MW to 72 MW. Currently, the Company has 60 MW of certified resource in San Jacinto-Tizate. With the successful re-drill of SJ 12-1 ST1, the flow test results and subsequent fork of SJ 12-2, and the planned acid wash of well SJ 9-3 (currently certified at 4.8MW) the Company anticipates these three wells will increase the certified resource capacity by 12 to 25MW.

Greg Ussher, Geophysicist, Manager Generation Clients at SKM, stated that, "Our team is very pleased to again be working with the Ram Power team on the San Jacinto geothermal project. It is encouraging to have early indications of success with both SJ12-1 ST1 and SJ12-2, which gives us confidence for the on-going production and reinjection drilling program." 

Walt Higgins, interim President and CEO of Ram Power, stated, "We are extremely pleased with these results. The addition of SKM, combined with the Company's strategic change in the drilling program has produced positive results and we look forward to our continued working relationship with SKM."

About Ram Power

Ram Power is a renewable energy company based in Reno, Nevada, engaged in the business of acquiring, exploring, developing, and operating geothermal properties. Ram Power has an interest in geothermal projects, primarily in the United States, Canada, and Latin America.

Cautionary Statements

This press release contains "forward-looking information" within the meaning of applicable securities laws including information regarding the business of Ram Power. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by this information. The statements in this press release are made as of the date of this release. Ram Power undertakes no obligation to update forward-looking information, other than as required by law, or comment on analyses, expectations or statements made by third parties in respect of Ram Power, or its financial or operating results or its securities.

Steven Scott
Director of Investor Relations
Ram Power, Corp.
Phone: 775-398-3711
Email: Email Contact

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Ram Power Corp.

ISIN : CA7513081074
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Ram Power is a gold and copper development stage company based in Canada.

Ram Power develops gold, copper and in Nicaragua, and holds various exploration projects in Canada.

Its main asset in development is SAN JACINTO-TIZATE in Nicaragua and its main exploration property is ANA in Canada.

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Financings of Ram Power Corp.
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Financials of Ram Power Corp.
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5/16/2013Announces 2013 First Quarter Results
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3/27/2013Announces 2012 Year End Results
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5/15/2012Announces Record First Quarter 2012 Results
5/3/2012Announces Release Date for First Quarter Results
3/31/2012Announces 2011 Year End Results
3/12/2012Announces Release Date for 2011 Year End Results
11/14/2011Announces Third Quarter 2011 Results
11/11/2011Announces Release Date for Third Quarter 2011 Results
8/15/2011Announces Second Quarter 2011 Results
8/9/2011Announces Release Date for Second Quarter 2011 Results
6/6/2011Announces Release Date for First Quarter 2011 Results
4/1/2011Announces Fourth Quarter and 2010 Year End Results
Project news of Ram Power Corp.
8/15/2013(San Jacinto-tizate), Corp. Announces Updates for the San Jacinto-Tizate Project
7/18/2013(San Jacinto-tizate)Commences Drilling Operations at San Jacinto-Tizate
2/7/2013(San Jacinto-tizate), Corp. Announces Updates for the San Jacinto-Tizate Project
11/5/2012(San Jacinto-tizate)Announces Update for Its San Jacinto-Tizate Project
10/10/2012(San Jacinto-tizate)Announces Tariff Increase for San Jacinto-Tizate Project
7/26/2012(San Jacinto-tizate)Receives Initial Equity Distribution From Its San Jacinto-Ti...
6/7/2012(San Jacinto-tizate)Announces Update for San Jacinto-Tizate Project and Corporat...
2/21/2012(San Jacinto-tizate), Corp. Announces Updates for the San Jacinto-Tizate Project
2/6/2012(San Jacinto-tizate), Corp. Announces Updates for the San Jacinto-Tizate Project
3/25/2011(San Jacinto-tizate) Announces Successful Drilling Results at San Jacinto-Tizate
2/7/2011(San Jacinto-tizate) Announces General Corporate Update
Corporate news of Ram Power Corp.
5/13/2015Polaris Infrastructure Inc. (formerly Ram Power, Corp.) anno...
5/13/2015Polaris Infrastructure Inc. (Formerly Ram Power, Corp.) Anno...
5/12/2015Ram Power Announces 2015 First Quarter Results
4/30/2015Ram Power Announces Closing of Private Placement
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1/26/2015TSX Delisting Review - Ram Power, Corp. (Symbols: RPG and RP...
1/26/2015Ram Power Announces Notification of TSX Continued Listing Re...
12/31/2014Ram Power Announces Strategic Process and Corporate Update
11/13/2014Ram Power Announces 2014 Third Quarter Results
11/10/2014Ram Power Announces Release Date for Third Quarter 2014 Resu...
8/12/2014Ram Power Announces 2014 Second Quarter Results
8/6/2014Ram Power Announces Release Date for Second Quarter Results
6/17/2014Ram Power Announces Results of Annual Meeting
5/27/2014Ram Power, Corp. Announces Completion of 30-Day Stabilizatio...
5/15/2014Ram Power Announces 2014 First Quarter Results
4/28/2014Ram Power, Corp. Announces Commencement of 30-Day Stabilizat...
4/22/2014U.S. Geothermal Acquires Ram Power Geysers Project in Califo...
4/22/2014Ram Power, Corp. Completes Sale of Geysers Project
4/7/2014U.S. Geothermal to Buy Geysers Project for $6.4 Million
4/7/2014Ram Power, Corp. Announces Stock Purchase Agreement With US ...
4/1/2014Ram Power Announces 2013 Year End Results
10/2/2013, Corp. Announces Operational Update Including:
8/20/2013(San Jacinto-tizate), Corp. Announces Update for San Jacinto-Tizate
8/1/2013(San Jacinto-tizate), Corp. Announces Conversion of San Jacinto-Tizate Phase II ...
7/2/2013, Corp. Announces Agreement With Project Lenders to Extend C...
6/18/2013Announces Results of Annual and Special Meeting
6/4/2013, Corp. Announces Signing of Drilling Contract and Agrees Wi...
3/27/2013, Corp. announces closing of C$50.9 million Senior Debenture...
1/2/2013(San Jacinto-tizate)Announces Commercial Operation for Its Phase II Expansion at...
1/2/2013(San Jacinto-tizate)Announces Commercial Operation for Its Phase II Expansion at...
1/2/2013(San Jacinto-tizate)Announces Commercial Operation for Its Phase II Expansion at...
1/2/2013(San Jacinto-tizate)Announces Commercial Operation for Its Phase II Expansion at...
12/27/2012Announces Corporate Credit Facility Amendment Providing for ...
12/27/2012Announces Corporate Credit Facility Amendment Providing for ...
12/19/2012(San Jacinto-tizate)Announces Grid Synchronization for Its Phase II Expansion at...
12/12/2012Announces Termination of Power Purchase Agreement for Clayto...
3/27/2012, Corp. Announces the Signing of a Letter of Intent With SNC...
3/26/2012, Corp. Announces the Signing of a Mandate Letter With IFC f...
2/23/2012, Corp. Announces Updates for the Casita Project
1/9/2012(San Jacinto-tizate), Corp. Announces Commercial Operation of the Phase I Expans...
12/22/2011(San Jacinto-tizate), Corp. Announces Synchronization of the Phase I Expansion a...
12/6/2011, Corp. Announces Execution of Amendments to Credit Facility
10/26/2011, Corp. Announces San Jacinto Project, Casita Project and Ge...
10/17/2011(San Jacinto-tizate), Corp. Announces Mechanical Completion of Phase I Expansion...
9/15/2011, Corp. Announces San Jacinto Project and Corporate Finance ...
8/15/2011(San Jacinto-tizate)Confirms Resource and Closes $160 Million Credit Facility fo...
6/10/2011Northern California Power Agency Signs Power Purchase Agreem...
6/9/2011(San Jacinto-tizate), Corp. Announces Successful Production Test Results at San ...
6/8/2011, Corp. Announces Resolution of Credit Facility Non-Complian...
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3/24/2011(San Jacinto-tizate), Corp. Announces Successful Drilling Results at San Jacinto...
3/2/2011, Corp. Announces Closing of $50 Million Credit Facility
2/7/2011 Announces General Corporate Update
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