Greenearth eyeing 3 geothermal concessions

Australia-listed Greenearth Energy is targeting to be able to develop three geothermal working areas in Indonesia until 2012.

Managing Director Mark Miller said that the company?s unit PT Geo Power Indonesia (GPI) is currently evaluating three prospects in Java region that are being offered for tender with the intention to participate in one. He did not give further detail.

Greenearth has 40 percent stake GPI with another 40 percent held by Santini Group, which is controlled by the influential Wanandi family and the balance held by North American based International Investment Resources LLC. (giok)