PAX 0.00% 1.2¢ panax geothermal limited

any day now?

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    Just trawling around the net and found the link below to an ABC news item of 22/06/2010.
    Bertus was of the view that the delay in test results announced on 21/06/2010 could be as little as a week and a half to "several weeks".


    The owner of the Salamander-1 well at Penola, Panax Geothermal, is reporting a delay with a specialist logging contractor.

    The contractor is required to finalise testing at the site, but the work has been pushed back by at least 10 days.

    Bertus de Graaf from Panax says the announcement should have little impact for the workers at the site in the south-east of South Australia.

    "It's a courtesy to the market. We had announced we would be finished before that date and this delay has been out of our control, so we just tell the market it will be a few weeks later, or one-and-a-half weeks later than we had thought," he said.

    The testing is expected to be finished by early next month.

    Gee if only other companies would keep their shareholders as informed as Panax...I wish, I wish.......

    Cheers

    http://www.abc.net.au/news/stories/2010/06/22/2933666.htm
 
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