3Power Energy Group Inc (PSPW)

[tiso_us]

Energía Andina S.A....

Did we acquire them?....

This is the reason i ask that question...

Energía Andina S.A, the joint venture between the Group and the Chilean state-owned Empresa Nacional del Petróleo (“ENAP”), is continuing with its activities for the exploration and development of geothermal energy prospects in Chile. Energía Andina has been granted 13 concessions to date, grouped into six projects, and is engaged in the bidding process to acquire a number of further concessions.

Exploration activity to date has focused on surface exploration, with exploration drilling expected to commence in 2011. Depending on the results of this work, it is anticipated that drilling of the first geothermal well could commence in late 2011, allowing feasibility work to be undertaken during 2012.

Work is continuing on the potential underground coal gasification (“UCG”) project at the Mulpun coalfield, situated near Valdivia in southern Chile, along with the Group’s partner in the project Carbon Energy Limited (“Carbon Energy”) of Australia. In August 2010 the Group received environmental approvals for the first stage of the project, which allows construction and operation of a pilot scheme including the first UCG panel and on-site facilities, and engineering studies in relation to the trial project were undertaken in the second half of 2010.

http://www.antofagasta.co.uk/interior/operations/f_explora.html