PAX 0.00% 1.2¢ panax geothermal limited

my favourite pax article of all time

  1. 371 Posts.
    http://www.panaxgeothermal.com.au/docs/20110421%20Bisnis%20Indonesia.pdf

    things like

    JAKARTA: Panax Geothermal Ltd, an Australia-listed oil and gas giant, completed the
    negotiation with PT Bakrie Power, for a 165-MW geothermal plant project of Ngebel-Willis in
    East Java.

    and....Bakrie, on the other hand, won the geothermal plant development tender at a design of 3x55
    MW or with total capacity of 165 MW. The project is also designed for further development until
    it has capacity of 200 MW. Still, there is no detail on the mega-transaction value.

    oil and gas giant? mega-transaction? Yeah right i wish!

    point of the story - never believe everything you read!
 
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