http://money.cnn.com/news/newsfeeds/...
Nevada Geothermal Power Inc. (NGP) (TSX VENTURE: NGP)(OTCBB: NGLPF) today announced that an updated Status Report of Resource Development at the Blue Mountain Geothermal Project, Humboldt, County Nevada dated April 21, 2008 has been released by GeothermEx, Inc. The report gives a new estimate of the MW capacity of the resource, results of production well testing, and the review of the proposed injection strategy for the project.
The MW capacity of the Blue Mountain resource is now estimated to have a minimum value of 40 MW net (90% probability) and a most-likely value of 57 MW net. The analysis indicates sufficient heat in place to support NGP's larger development of the 49.5 MW gross (38.8 MW net) geothermal power plant.
"Resource drilling at Blue Mountain has indicated a larger and more prolific resource than originally anticipated. Consequently, the Blue Mountain project has been increased in size from 37.5 MW (gross) to 49.5 MW (gross). The larger plant will result in increased revenues to NGP.