PAX 0.00% 1.2¢ panax geothermal limited

ppa signing and funding deal, page-19

  1. 371 Posts.
    rockist - of the 11 major points identified back in 2007 - ngebel was placed at the top by the government. changes to geothermal laws in between that time have hindered its progress.

    ngebel is a sleeping giant! yes it will take 4-5+ years to get that up and running. dairi prima will move fast - sokoria a year or 2 after that and ngebel once we proven our a track record.

    dairi prima june 2014
    sokoria june 2016
    ngebel 2018

    youd have to be really hopeful of beating those dates. be conservative.
    Unfortunately wells take a certain amount of time to drill and plants take even longer to construct. there is no feasable way of accelerating this above process.

    We need dairi prima accelrated to prove our capabilities and provide cash flow for the even larger ngebel which will require quite a lot of equity i would imagine.

    rockist - i have 2 ngebel studies, 4 sokoria, and 3 sibayak. all saved as pdf's over the past few years. they are out there, keep looking.
 
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