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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.