Friday, July 19, 2013

USA, Nicaragua:

Ram Power Commences Drilling Operations at San Jacinto-Tizate (Press Release)

Ram Power, Corp. is pleased to announce that the company, through its subsidiary Polaris Energy Nicaragua, S.A. (PENSA), has begun drilling operations at the San Jacinto-Tizate power project.

The remediation drilling program calls for the refurbishment of two existing production wells with a targeted increase in steam availability of approximately 9 to 14 MW, or 70-110 tonnes/hour of additional net capacity. The company will utilize the knowledge based on extensive geoscience analysis and the production performance of the wells during the first several months of operations.

Drilling operations are being led by Sinclair Knight Merz, the resource consultant for the company, in consultation with PENSA and Thermasource Inc. The program is expected to be completed by late October 2013, and all increased steam resources from the remediation program would be available for plant production during the latter part of the year.

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