ppa signing and funding deal, page-7

It'd be fantastic if it happens - but from which project?

Daira Prima is a project to supply geothermal power to a lead-zinc mine. The Sibayak geothermal field is supposed to have extra capacity that PAX will utilise to supply the mine. This field is operated by Pertamina. Where's the agreement with Pertamina, the resource statement and budgeted development plan?

Ngebel has supposedly had its resource capacity increased from 165 MW to 220 MW. Where's the resource statement and drilling plan?

Same for Sokoria. At least its had three exploration wells, so there should be a formal indicated resource statement to support investor assessment of its merits.

The Jambi project seems to have dropped off the list. It's not mentioned in the latest AR.

I'm afraid I can't see any rapid development in this list that will generate an income in 12 months. The problem for me is lack of evidence. We have an Australian geothermal reporting code so let's use it to give investors something to work with.

Granted, the rest of the world happily generated geothermal electricity over the last hundred years without a reporting code, and its use is not mandatory for Australian companies, but resource assessment in Indonesia is poorly documented in general and I'm not surprised investors seem to be finding it difficult to support PAX's efforts.