Raser Completes Drilling Phase of Geothermal Production Well

Raser Technologies, Inc. announced recently that the Company has completed drilling on a geothermal production well in central Nevada for use in a binary-cycle geothermal power plant for generating clean, renewable electric power. Preliminary readings of well 68-04 indicate the existence of geothermal resources with promising water temperature and flow characteristics, subject to further testing and evaluation. Detailed testing for the reservoirís properties has now commenced with final results pending.

"We are pleased with the preliminary results of this drilling program," stated Brent M. Cook, Raserís CEO, "and look forward to executing on our business plan. Our initial review of the information from this well is encouraging, however precise data will not be available until further flow testing and verification can be conducted."
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