PAX 0.00% 1.2¢ panax geothermal limited

page 5 and 6 of the apr quarterly suggests we are on the lookout...

  1. 371 Posts.
    page 5 and 6 of the apr quarterly suggests we are on the lookout for further projects to add to our portfolio.

    this article suggests bakrie is bidding for one as well as chevron.

    i recall we have rights to future projects that are aquired by bakrie?

    Geothermal rich, Pasaman Can As Kutai Kartanegara
    Category: Regional - Read: 35 times

    Pasaman, click Sumatra

    Pasaman data from the Ministry of Energy has the potential of geothermal (geothermal) are fairly large. "Half the geothermal potential in West Sumatra Pasaman, if it worked then three more years to be rich from the royalties Pasaman as Kutai in East Kalimantan," said Regents President Benny Pasaman, Thursday (24/5) in Jakarta.

    Nationally, Indonesia geothermal property is 29 thousand megawatts, in 1800 Sumatra mega watt and 850 megawatts of which are in Pasaman.

    According to Benny Main, in 2012 was soon working on geothermal Pasaman of 200 megawatts, with locations in Bonjol, Cubadak forward. If the management of geothermal is already running, then the royalty rights to Pasaman can reach Rp150 billion per year.

    Recognized Benny, just waiting for geothermal in Bonjol end of the auction process, there are two companies who are aiming for geothermal mining in Pasaman, namely Chevron and the Bakrie Group. "The effect is not just the royalties for regions, but also opening up more jobs," said Regents President Benny.
 
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