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...

Unveiling Croatia's Geothermal Future: Cindrigo's Quest for Sustainable Energy By :  Robert Buluma  00:45 Nairobi  In the heart of Croatia's picturesque landscapes lies a venture that promises to reshape the nation's energy future. Cindrigo Holdings, a beacon of renewable energy innovation, is on a mission to unlock the potential of geothermal power with its ambitious Slatina 3 project. Picture this: the rolling hills of Croatia's countryside, where lush greenery meets the horizon, now dotted with the telltale signs of progress. Amidst this serene backdrop, Cindrigo's subsidiary, Dravacel, is making waves in the renewable energy sector by seeking a six-month extension for its exploration license. This pivotal move, aimed at propelling the Slatina 3 project forward, signals a new era of sustainable energy development in Croatia. But why all the buzz? It's simple - geothermal power holds the key to a cleaner, greener future. With its abundance of natural heat ...