Energy Development Corp.’s (Philippines, via EDC Chile)’s interest in Chile’s resources led to applications for over a dozen concessions in 2011, and the company is about to begin geological and geophysical surveys at the Newen site.67 The company has recently partnered with Australian geothermal company Hot Rock in the exploration and development of geothermal prospects in Chile and elsewhere.
HRL Price at posting:
4.8¢ Sentiment: LT Buy Disclosure: Held
