Hungary:

Green Rock Energy Awarded Prime Geothermal Concession in Hungary (Proactive Investors Australia)

Green Rock Energy's 46% owned subsidiary, CEGE, has won the geothermal concession tender in the Jászberény area in eastern central Hungary. This includes the well now owned by CEGE, which was successfully evaluated for its geothermal potential in October 2010.

CEGE is now preparing for negotiations with Government on terms and conditions, which should be completed by mid-April.

The Jászberény geothermal concession covers an area of 396 square kilometers and includes several areas previously drilled by joint venture partner MOL looking for petroleum. It lies 80 kilometers east of Budapest and has high voltage electricity transmission and low voltage distribution lines running through the concession area for rapid commercialization.

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