Marmaduke I hope you are wrong but as things stand in Penola we have one hole that doesn't work, I understand that contractors have been engaged for remediation, I also remember reading some time ago that Panax have found higher temps nearby hopefully they can tap the new fund the Govt has created as part of the Carbon Tax
@Biache I have been reading Pax presentations which state Dairi Prima has 10 existing production wells that only require remediation work therefore I believe Pax could possibly get this online in 2013, I think your appraisal of Sokoria could be correct.
It would be nice in Pax mgmt would release more detail for us long suffering investors.
I think if you wait for Molten fiunding to invest you may miss the boat as I expect there to be a quick lift similar to what happened to HRL then a settle back and hopefully then a slow steady rise up to June carbon tax which I hope will get bigger fish thinking about Geothermal
PAX Price at posting:
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