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FIRST TWO GEYSERS WELLS DEMONSTRATE 12.6 MW INITIAL CAPACITY VANCOUVER, Canada, September 2, 2008, TSX Venture Exchange Trading Symbol: WGP - Western GeoPower Corp., a renewable energy development company, today announced that testing of well WGP-2 at the Company's Unit 1 project at The Geysers Geothermal Field in California has confirmed that the well is a producer, with an initial capacity of 2.6 MW (gross). Together with the flow rate of approximately 161,000 lb/hr (73,028 kg/hr) demonstrated by well WGP-1 as announced May 6, 2008, the first two wells together have an initial capacity of 203,500 lb/hr (92,306 kg/hr) of steam, representing 12.6 MW (gross). The wells will supply steam to the 35 MWe Western GeoPower Unit 1 plant, projected to start commercial operations in early 2010. Well WGP-2 was directionally drilled to the north-north-east of the pad to a total depth of 9,935 feet (3,028 m). A rig test carried out by independent consultants GeothermEx, Inc. demonstrated an initial, unstabilized steam flow rate of about 42,500 lb/hr (19,300 kg/hr) at the design flowing wellhead pressure of approximately 80 psia. The rig has been moved to the Filley leasehold and has commenced drilling well WGP-3 which has been designed to intersect known productive zones to the north of the pad. Completion of WGP-3 is projected for November. "We are pleased to report that the combined productivity of the initial two wells exceeds our earlier expectations," said Kenneth MacLeod, President and Chief Executive Officer of Western GeoPower. "Current projections call for the drilling of four to six additional production wells and one injector well, scheduled for completion in late 2009." The Geysers geothermal field, located 75 miles north of San Francisco, California, is the largest producer of geothermal electricity in the world. Commercial geothermal power has been generated continuously at The Geysers field since 1960, the present generation level being about 900 MWe of clean, baseload electricity. Western GeoPower's Unit 1 project is situated in the south-western region of The Geysers field in Sonoma County.
About Western GeoPower Corp. Western GeoPower Corp. is a renewable energy company dedicated to the development of geothermal energy projects for the delivery of clean, sustainable, baseload electricity generation. The Company is developing The Western GeoPower Unit 1 geothermal power plant at The Geysers Geothermal Field in California, United States and the South Meager Geothermal Project in British Columbia, Canada. On behalf of Western GeoPower Corp. "Kenneth MacLeod" Kenneth MacLeod, President & CEO Cautionary Note Regarding Forward-Looking Statements Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above that reflect the Company's expectations and projections about its future results. The Company has tried whenever possible to identify these forward-looking statements which include but are not limited to, words such as "anticipates," believes," "estimates," "expects," "plans," "intends," "potential," and similar expressions. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The Company disclaims any obligation or intention to update or to revise any forward-looking statement, whether as a result of new information, future events or otherwise. Such information contained herein represents management's best judgment as of the date hereof based on information currently available.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. For more information or to be put on our email list, please contact our office: (604) 662-3338 or US/Canada Toll Free: 1-866-662-3322, email: info@geopower.ca Investor Relations: IR@geopower.ca
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Western GeoPower Corp. 837 West Hastings Street Suite 411 Vancouver, BC V6C 3N6 Canada
