Ram Power, Corp. announces Updates for the San Jacinto-Tizate Project

Ram Power, Corp. is pleased to announce an update on the remediation drilling program at the Company’s San Jacinto-Tizate Project (the “Project”).

As previously disclosed, the remediation drilling operations of wells SJ 6-1 and SJ 9-3 are being led by Sinclair Knight Merz (“SKM”), the resource consultant for the Company, in consultation with PENSA and Thermasource Inc. Drilling on both wells is expected to be completed by late November 2013.

WELL SJ 6-1

The Company completed its remediation program for well SJ 6-1 on August 14, 2013. The drilling operation successfully replaced 367 meters of damaged liner and perforated a 60 meter section of liner which had demonstrated increased temperature and permeability. Well SJ 6-1 is now shut-in and following a 4 to 6 week heat up period, will be tested and be put back online in late September or early October.

WELL SJ 9-3

The drilling rig has initiated moving from well pad 6 to well pad 9 for the remediation of well SJ 9-3. The Company anticipates drilling to commence on well SJ 9-3 in the next 10 days. The remediation program for well SJ 9-3 will result in the deepening and forking of the well. Following a heat up period, it is anticipated the well will be tested and placed back in service in late October 2013. In preparation for the remediation work, well SJ 9-3 was taken offline on August 14, 2013, which resulted in a temporary loss of power production of approximately 5 MW (net), bringing current production of the Project to approximately 46 MW (net).

In addition, the Company is currently evaluating remediation plans for two additional wells, SJ 6-2 and SJ 12-3. Further information will be disclosed at a future date upon the Company’s completion of its evaluation of these wells.

Source: Ram Power

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