Alexander Oxley Acquires Slatina-3 Geothermal Exploration Field in Croatia Published: November 24, 2025 Author:  Robert Buluma In a quiet but significant move for Croatia’s emerging geothermal sector, British investor Jordan Alexander Oxley has acquired the Slatina-3 geothermal exploration field near Slatina in Virovitica-Podravina County. The asset was previously owned by EES Dravacell Energy , a company majority-controlled by London-based Cindrigo that filed for bankruptcy earlier this year. Oxley emerged as the sole bidder in the bankruptcy sale and secured the property for €400,000, double the initial asking price of €200,000, according to bankruptcy administrator Verko Kutleša in an interview with Jutarnji list. The transaction includes the exploration license and the existing exploration well. Bankruptcy proceedings for EES Dravacell Energy are still ongoing, but the geothermal asset has now changed hands. Background of the Project Cindrigo originally planned to develop a 2...

Nevada’s Next Geothermal Giant: Zanskar’s Pumpernickel Discovery Signals a Clean Energy Breakthrough By:  Robert Buluma Nevada is no stranger to geothermal power — but a new discovery in Humboldt County may redefine the state’s renewable energy landscape. Zanskar , a cutting-edge geothermal exploration company using artificial intelligence to hunt for hidden underground heat, has successfully drilled a major geothermal well that could become Nevada’s largest geothermal power facility within just three years. This milestone, known as the Pumpernickel well , is more than a drilling success. It marks the emergence of a bold strategy, a new wave of discoveries, and a significant step toward reliable, 24/7 carbon-free energy for the Western United States. A Breakthrough Hidden Beneath the Surface Zanskar’s Head of Geoscience, Aubry DeReuil , explained that geothermal energy is often associated with obvious surface indicators like hot springs. But the company’s philosophy mirrors...