This thought sometimes comes up as being a solution that could...

This thought sometimes comes up as being a solution that could have very positive outcomes for both companies, and it is for Geodynamics to either buy out PAX or buy into PAX and bring their drill down to Penola to turn it into Swiss Cheese and start putting electricity into the grid.

The drilling rate of metres per day at Penola was very very good, the drill sat idle for a significant period of the contracted time. GDY have a similar or same type drill that was used at Penola. The drilling fluid/mud has been identified as one of the setbacks at Salamander and various reasons have been given for it's selection and various alternatives have been given as it's replacement for further development.

The "single hole" heat extraction method is never going to be as good as a multiple hole heat extraction method and IMV it would be worthwhile to redrill/unblock SAL1 and drill another hole while the drill is in the area, not too far away from the first so that the second hole can be either an input or an output as part of a much larger field of holes.

The isolation of the Indonesian projects as a business makes PAX's Australia projects less of a cost at the moment as a takeover/merger target and as PAX is looking for ways to get going in a difficult market, a partnership at Penola with GDY seems like a viable way for both companies to move forward.

just my thoughts

ifandwhen