09:41 AM EST - Reservoir Capital Corp. : said its wholly-owned subsidiary, Southern European Exploration D.o.o., was granted three more licenses (Kupusina, Adorijan and Vrbica) to explore for geothermal energy in the Vojvodina Region of northern Serbia. The company added that these license areas were selected based on the results of historical oil and gas and geothermal exploration into hot water aquifers of the Pannonian Basin. The Kupusina license comprises a 26.5-square-kilometre area, with seven historical drill holes executed between 1978 and 1987, that intercepted limestone and sandstone aquifers at depths ranging from 57 metres to 1,382 metres, the company noted. Reservoir Capital Corp.
shares V.REO are trading even at $0.78.
