Reservoir Capital has received permits for three geothermal exploration drilling projects in northern Serbia, at Kupusina, Adorijan and Vrbica locations. The licenses have been granted based on the results previously obtained during oil, gas and geothermal exploration of the Pannonian Basin.

The Kupusina location, some 26 square miles, has been historically known to contain limestone and sandstone aquifiers at depths from 57 meters on to almost 1400 meters. Temperatures are estimated at about 80 degrees Centrigrade for most of the deep aquifiers, but there is potential for temperatures reaching 160 degrees centigrade.

The Adorijan and Vrbica locations, each having about 22 square miles and 48 square miles in area, are actually close to each other, and are near the norther border of Serbia with Hungary. Some 24 holes were drilled in the 1970's and 1980's as part of the oil and gas exploration efforts, and show potential for geothermal energy at depths from 421 meters to about 1800 meters. Reservoir temperatures are estimated at more than 90 degrees centigrade, with potential to reach as high as 200 degrees for a few of the deeper holes.

The three new licenses for geothermal exploration, along with the recently granted Vranjska Banja license, now total four licenses that Reservoir Capital currently holds for geothermal drilling in Serbia.

[source: Reservoir Capital]