http://www.panaxgeothermal.com.au/docs/20110421%20Bisnis%20Indone...

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!