In light of recently passed federal legislation that extended the qualification for the 30% Investment Tax Credit to projects that began construction prior to December 31, 2014, drilling of the first production well CVP-001 (67-3) was initiated at the Crescent Valley, Nevada project in December of 2014 following completion of gravity surveys, and analysis of prior temperature gradient drilling data. The first string of production casing was set and cemented before year end, and drilling operations on Well 67-3 are continuing. The Crescent Valley properties were acquired in the merger with Earth Power Resources on December 12, 2014.
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