U.S. Geothermal Starts Drilling at Neal Hot Springs Project
07 Mayo 2008 - 8:00AM
PR Newswire (US)
BOISE, Idaho, May 7 /PRNewswire-FirstCall/ -- U.S. Geothermal Inc.
(AMEX:HTMAMEX:TSX:AMEX:GTH) ("U.S. Geothermal"), a renewable energy
company focused on the production of electricity from geothermal
energy, announced today that drilling has begun the first full size
exploration well at the Neal Hot Springs Project located in eastern
Oregon. Well NHS-1 is permitted for 3,500 feet of depth and is
being drilled parallel to the discovery well drilled in l979 by
Chevron Resources. The drilling program is estimated to take 30
days and will be followed by a well flow test and reservoir program
of approximately 60 days. About U.S. Geothermal: U.S. Geothermal is
a renewable energy development company that is operating geothermal
power plants at Raft River, Idaho and at the San Emidio Desert in
Nevada. The Neal Hot Springs project in eastern Oregon is being
explored for a commercial reservoir. U.S. Geothermal holds, through
ownership or lease, geothermal rights of lands that comprise the
Raft River, San Emidio and Neal Hot Springs projects. Please visit
our Website at: http://www.usgeothermal.com/ FOR ADDITIONAL
INFORMATION PLEASE CONTACT: Saf Dhillon - Investor Relations
Melinda Keckler U.S. Geothermal Inc. Scott Peyron & Associates,
Inc. Tel: 866-687-7059 Tel: 208-388-3800 Fax: 604-688-9895 Fax:
208-388-8898 The information provided in this news release may
contain forward-looking statements within the definition of the
Safe Harbor provisions of the US Private Securities Litigation
Reform Act of 1995, including statements regarding potential energy
resources and projects, development possibilities for Raft River
and Neal Hot Springs. These statements are based on U.S. Geothermal
Inc.'s current expectations and beliefs and are subject to a number
of risks and uncertainties that can cause actual results to differ
materially from those described. Readers are cautioned to review
the risk factors identified by the company in its filings with
Canadian and US securities agencies. Forward-looking statements are
based on management's expectations, beliefs and opinions on the
date the statements are made. U.S. Geothermal Inc. assumes no
obligation to update forward-looking statements if management's
expectations, beliefs, or opinions, or other factors, should
change. The TSX and American Stock Exchanges do not accept
responsibility for the adequacy of this release. DATASOURCE: U.S.
Geothermal Inc. CONTACT: Saf Dhillon, Investor Relations of U.S.
Geothermal Inc., 1-866-687-7059, or Fax, +1-604-688-9895, ; or
Melinda Keckler of Scott Peyron & Associates, Inc.,
+1-208-388-3800, or Fax, +1-208-388-8898, , for U.S. Geothermal
Inc. Web site: http://www.usgeothermal.com/
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