EDC 2014 SR (UPDATED)

EDC 2014 Performance Report
Overseas Expansion
In Chile and Peru, we now hold
stakes in five concessions and 19
applications. We acquired the local
subsidiaries of Australian geothermal
firm Hot Rock Ltd. and signed joint
venture agreements with TSX–listed
and global renewable energy player
Alterra Power Corporation.
We budgeted US$58 million for
our exploration drilling campaign
in Mariposa, Chile, and are on track
to drill our first well overseas by the
fourth quarter of 2015.
We have completed our survey
activities in GrahoNyabu in Sumatra,
and the results of our initiative,
which we submitted in 2013, shall
be used by the Indonesia Ministry of
Energy and Mineral Resources for its
upcoming tender of the GrahoNyabu
concession.
We have established offices in Latin
America and Indonesia and continue
to add personnel.
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