Nicaragua:

Ram Power Completes 30-Day Stabilization Period and Performance Test for San Jacinto-Tizate (Financial Content)

Ram Power, Corp. announced today that the company's Nicaragua subsidiary, Polaris Energy Nicaragua, S.A., has completed the 30-day stabilization period and the 7-day performance test of the resource field for the San Jacinto-Tizate project.

As previously disclosed, the Remediation Drilling Program consisted of the workover of wells SJ 6-1 and SJ 6-2, and a deepening, and forking, of wells SJ 9-3 and SJ 12-3. As a result, the four wells contributed to a total gross increase in of 8 MW. During the program, a decline was observed in the steam field of approximately 40 t/h, or 5 MW, which was attributable mainly to production well SJ 12-2. Towards the end of 2013, and into early 2014, the degradation of the resource stabilized, and current decline is estimated to be roughly 3-4% per year which is in line with standard trends in geothermal steam field management.

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