re: Ann: CEGE (GRK 50%) exercises option to p... this also opens...

re: Ann: CEGE (GRK 50%) exercises option to p... this also opens the door for CEGE's planned $45m in investments in geothermal projects in Hungary.

keeping in mind the size of our JV partner MOL ($10billion market cap) this is like the first steps towards a huge opportunity with a rapid timeframe for deployment.

Hungary, along with the rest of Europe, is ahead of schedule to meet its Renewable Energy targets by 2020

http://uk.ibtimes.com/articles/20110116/powers-past-kyoto-renewables-target.htm

as i said before, this is now akin to a fledgling O+G stock getting a foothold in Saudi Arabia