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I sometimes wish these people didn't have eyes bigger than their wallet but I guess you have to get while the getting is good.

I'm really not sure if this is good or bad for the stock price, probably a wash?

Disclosure: I own some of this fellow.


Nevada Geothermal Power Inc. Acquires Edna Geothermal Project at Nevada Lease Auction
Fri May 14, 9:02 AM

Email StoryIM StoryPrintable View.VANCOUVER, British Columbia--(BUSINESS WIRE)--Nevada Geothermal Power Inc. (NGP), (TSX.V: NGP, OTCBB: NGLPF) announced today that it was the successful bidder in the May 11, 2010 Nevada State Bureau of Land Management lease sale on a 12 square mile (7,072 acre) parcel of land in the Pumpernickel Valley, Humboldt County Nevada.

The new Edna Geothermal Project is accessible by road and is located a few miles northeast of NGP’s Pumpernickel Valley Geothermal Project, two miles south of the Interstate Highway 80, and nine miles west of the Valmy coal-fired power plant owned by NV Energy and Idaho Power. An existing 125 KV power transmission line crosses the northern part of the Edna leases.
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