New Sources Energy Signs Intent Agreement with Hydro Drilling for Cisanello Geothermal Project in Italy
New Sources Energy has signed a letter of intent with Hydro Drilling to explore collaboration on the Cisanello Geothermal Project in Pisa, Italy. The agreement focuses on the joint development of the geothermal project, with Hydro Drilling recognized as a specialist in geothermal drilling. The preliminary agreement is contingent upon successful due diligence and the establishment of a definitive agreement, highlighting New Sources Energy's intent to expand geothermal operations in Italy.
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New Sources Energy has entered into a letter of intent with Hydro Drilling to potentially collaborate on the Cisanello Geothermal Project in Pisa, Italy. The focus is on the joint development of the geothermal project, leveraging Hydro Drilling's expertise in geothermal drilling.
This preliminary agreement is subject to successful due diligence and the signing of a binding final agreement. This move indicates New Sources Energy's intent to expand its geothermal activities in Italy, utilizing local drilling specialists.
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