Wednesday, April 11, 2007

Raser gets more resource

From Montara Energy Ventures...
Company secures 7 more geothermal leases in Utah

"Raser Technologies announced...that it has secured seven more geothermal leases in Utah, adding 13,887 acres to its portfolio. Investors seemed to like the news sending to stock up more than 3% on the news. However, investors should realize that development of geothermal resources take years; greenfield development is slow and fraught with difficulty. Nevertheless, it is encouraging to see a company approach the challenge with obvious passion and enthusiasm."

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