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Re: None

Thursday, 04/05/2012 9:42:10 PM

Thursday, April 05, 2012 9:42:10 PM

Post# of 691
Back in today at .069

Its a high risk play I admit, but hoping to see some positive debt restructuring (not voluntary BK)

A process to restructure NGP as well as the EIG loan is proceeding under an advisory agreement with Canaccord Genuity. The Company anticipates a continued constructive approach from all parties while Canaccord Genuity's work is underway.

And if Faulkner can keep the production above 32MW they will satisfy the terms of thier PPA and avoid further tribulations.


The Faulkner 1 power plant is producing steadily at approximately 41MW (gross), 32 MW (net) while the company monitors resource information following the implementation of a resource maintenance program involving the re-distribution of plant outlet brine into three new injection wells.


http://finance.yahoo.com/news/nevada-geothermal-power-inc-ormat-132500839.html