RPG: San Jacinto Drilling Update

STEVEN LI, Raymond James (03/25/2011)
"Ram Power announced yesterday successful drilling results at its San Jacinto-Tizate project on wells SJ12-1 and SJ12-2 with initial indications of 12 MW–25 MW in productive capacity. . .We reiterate our Outperform rating on Ram shares with a target price of $2.20, which includes value for Ram's three late-stage projects—San Jacinto, Geysers, and Orita."

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