Reservoir Renews and Enlarges its Vranjska Banja Geothermal License
Published : September 17, 2013
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Keywords :   Canada | Market | Report | Serbia |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 17, 2013) - Reservoir Capital Corp. (News - Market indicators)(FRANKFURT:ROC)(BERLIN:ROC) ("Reservoir" or the "Company") is pleased to report that the Ministry of Natural Resources, Mining and Spatial Planning, of the Republic of Serbia has renewed the Company's Vranjska Banja geothermal exploration license in southern Serbia for an additional 3-year period to August 16, 2016. The license now also covers the geothermal wells VG-2 and VG-3 that were within an exploitation license that expired over the previous period and which has now been incorporated into Reservoir's license area.

The Company has measured discharge temperatures of 96°C (boiling at this elevation) and relatively high artesian flows averaging approximately 60 litres per second from VG-2 and VG-3, with temperatures of up to 137°C were reportedly measured at less than one kilometre depth when the wells were drilled. California-based consultants GeothermEx Inc. (a Schlumberger Company) previously completed an independent review of the historical data, and measurements taken during the Company's four season reservoir studies on VG-2 and VG-3, concluding the target could potentially support a power generation project of at least 10 Megawatts ("MW") in size, utilizing a binary-cycle power plant (see Company news release of January 23, 2012 for details).

About Reservoir

Reservoir is a renewable energy company engaged in the development of a 59.1 MW hydroelectric project at Brodarevo on the River Lim, the Vranjska Banja geothermal project in southern Serbia, and the 17.76 MW Cehotina hydroelectric projects in Bosnia. Reservoir's common shares trade on the TSX Venture Exchange (symbol "REO") and on the Frankfurt and Berlin Exchanges (symbol "ROC").

For further information on Reservoir Capital Corp., please consult the Company's website www.reservoircapitalcorp.com.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.



Reservoir Capital Corp.
Chris MacIntyre
VP Corporate Development
+1 416 703 0010
www.reservoircapitalcorp.com
Data and Statistics for these countries : Canada | Serbia | All
Gold and Silver Prices for these countries : Canada | Serbia | All

Reservoir Capital Corp.

EXPLORATION STAGE
CODE : REO.V
ISIN : CA7611251033
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Reservoir Capital is a exploration company based in Canada.

Reservoir Capital holds various exploration projects in Serbia and montenegro.

Its main exploration properties are DELI JOVAN in Serbia and BRESTOVAC in Serbia and montenegro.

Reservoir Capital is listed in Canada. Its market capitalisation is CA$ 917 500 as of today (US$ 702 043, € 597 649).

Its stock quote reached its highest recent level on March 16, 2012 at CA$ 9.80, and its lowest recent point on June 09, 2017 at CA$ 0.03.

Reservoir Capital has 18 350 000 shares outstanding.

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Financings of Reservoir Capital Corp.
2/5/2013Completion of Final Tranche of Private Placement
12/6/2011Successful Completion of $4,344,920 Private Placement
9/9/2009Successful Completion of $5,000,000 Private Placement
7/21/2009Raise $5,000,000 by Way of Private Placement
Option Grants of Reservoir Capital Corp.
3/9/2010New Appointments and the Granting of Incentive Stock Options
Nominations of Reservoir Capital Corp.
2/9/2012Appoints Lewis Reford as Lead Director
6/8/2011Appoints Serbian Advisor
Project news of Reservoir Capital Corp.
1/21/2014Brodarevo Project Update and Share Consolidation Proposal
12/12/2012Brodarevo Project Included in the Strategic Economic Coopera...
5/15/2012Granted Planning Permission for its Brodarevo Hydroelectric ...
2/28/2012Brodarevo Hydroelectric Project Update
2/7/2012Brodarevo Projects Included in the Serbia-Italy Bilateral Ag...
6/23/2011Reports Exploration Progress with Freeport-McMoRan Explorati...
Corporate news of Reservoir Capital Corp.
3/29/2016A2A Letter of Intent for the Brodarevo Hydroelectric Project...
1/22/2016Reservoir Capital Corp.: Corporate Update
12/22/2015Reservoir Extends Letter of Intent for the Brodarevo Hydroel...
11/26/2015Corporate Update
11/26/2015Reservoir Capital Corp.: Corporate Update
10/13/2015Reservoir to Raise up to $1 Million by Private Placement
10/8/2015Reservoir Signs Letter of Intent with A2A to Partner or Acqu...
9/15/2015Reservoir Secures Location Permits for its Brodarevo Hydroel...
7/27/2015Reservoir Advances Permitting for its Brodarevo Hydroelectri...
4/1/2015Reservoir Receives New Energy Permits for its Brodarevo Hydr...
3/25/2015Reservoir Receives New Energy Permits for Its Brodarevo Hydr...
3/25/2015Receives New Energy Permits for Its Brodarevo Hydroelectric ...
3/24/2015Reservoir Receives Location Permit for its Brodarevo-2 Hydro...
3/16/2015Reservoir Receives Location Permit for its Brodarevo-2 Hydro...
9/29/2014Reservoir Completes Private Land Purchases at Brodarevo
9/23/2014Reservoir Signs Letter of Intent with Saxa Gres to Develop N...
7/2/2014Reservoir Receives Approval to Settle Insider Debts
9/17/2013Renews and Enlarges its Vranjska Banja Geothermal License
6/26/2013Environmental Permits Granted for the Brodarevo Hydroelectic...
5/21/2013Concession Contract Completed for Cehotina Hydroelectic Proj...
1/16/2013Granted Concessions for 18 MW Cehotina Hydroelectric Project...
12/11/2012Brodarevo Project Included in the Strategic Economic Coopera...
9/11/2012Granting of Incentive Stock Options
1/31/2012Granted Three-Year Extensions for Brodarevo Energy Permits
1/10/2012Completes Geotechnical Work at Brodarevo
10/14/2011and Reservoir Minerals Inc. Announce Closing of Arrangement
6/29/2011Signs Power Purchase Agreement with GDF SUEZ Energia Italia ...
6/21/2011Brodarevo Included In The Spatial Plan of the Republic of Se...
6/13/2011Acquires Land for Brodarevo-2 Dam Site Construction
5/25/2011Announces Completion of Private Placement by Reservoir Miner...
5/10/2011Brodarevo Progress Report
5/3/2011Starts Testing Brodarevo Hydrological Models
4/11/2011Opens Subsidiary in Italy-REV Italia S.r.l.
3/25/2011Announces Spin-Out of Mineral Exploration Assets
2/24/2011Raises $7,082,400 From Exercise of 2009 Warrants and Acceler...
2/22/2011Granted Extensions for the Brodarevo 1 and 2 Energy Licenses
6/21/2010Signs Earn-in Agreement with Freeport-McMoRan Exploration Co...
5/27/2010Elects Not to Pursue Turkey Agreement
2/16/2010Advances Brodarevo Hydroelectric Projects in Serbia
1/5/2010Granted Geothermal Exploration Permit in Serbia
8/25/2009Applies for Third Serbian Energy License
8/5/2009Opens Subsidiary to Evaluate Hydro-Power Opportunities in Bo...
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