Ann: Close of Pro-rata Renounceable Rights Issue , page-5

re: Ann: Close of Pro-rata Renounceable Right... I was under the impression that the results of the Salamander well were still being assessed by an external company. Until they can establish what went wrong then i'm happy for management to sit on their hands and try their luck elsewhere in geothermal-friendly Indonesia.

No one is having much luck at the geothermal game unfortunately. Need to remember that Panax is drilling conventional geothermal wells which have been commercially proven elsewhere. My money is on PAX.