...On a quick glance over PAX latest quarterly activities report...

...On a quick glance over PAX latest quarterly activities report i must admit i am scratching my head over this .....
...They are all over their Indonesian Project now and the Main project near Penola has gone off the boil.Apparently there was a major problem with the drilling fluid in drilling this very deep large well at what must have been a significant cost...
...Below is what was said about the Penola well...

"""It is one of the deepest on-shore wells drilled in Australia;
The large diameter of the well means that it is one of the largest wells (by volume) drilled historically to date in Australia
...While the results to date on Salamander-1 were not entirely as we had hoped, the results achieved were also very historically significant in terms of developing and enhancing the total potential of the whole of the Otway Basin region of Australia for low-risk geothermal development,and need to be viewed in that light.
The conclusions drawn by our own internal review and by the external review of a number of engaged experts, is that drilling fluids used in the drilling of the Salamander-1 well were not fit for purpose, effectively resulting in the large sandstone reservoir section of the well that was intersected, effectively being ?blocked up? or ?bogged up? by the drilling fluids and muds used during the drilling process, that were not able to be successfully removed or displaced during the well clean-up and production testing processes""....