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Ram Power successfully drills geothermal wells in Nicaragua and California

Wednesday, April 27, 2011

Ram Power will start Wednesday trading at $0.89 a share after announcing successful drilling and testing of two thermal-energy wells in Nicaragua and California.

The Company completed the initial drilling of well SJ 12-2 at its San Jacinto-Tizate project site near Leon, Nicaragua in January.

Tests confirm a production well with an estimated capacity of about 4 megawatts gross.

Original source: Nasdaq