Panax Geothermal
Panax Geothermal is a pure geothermal company with access to some of the worlds most promising geothermal assets. As climate change projections worsen, Panax Geothermal is well positioned to commercialise sustainable sources of base-load energy, powered from the Earth.
The long term vision of Panax is to become a major participant in the geothermal industry, both nationally and internationally. The scope of its geothermal interests will be broad, including both conventional geothermal resources (volcanic related) as well as enhanced geothermal systems (EGS) such as hot fractured rock (HFR) geothermal systems.
WCP Resources now holds 16% of Panax Geothermal
WCP Resources Limited (ASX: WCP) has taken up its full rights under the Panax Geothermal Limited Rights Issue.
WCP Resources now holds 37,500,125 ordinary shares in Panax Geothermal (ASX: PAX) amounting to 15.9% of the issued capital of the company.
Other Panax Geothermal articles
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12/11/09 Panax Geothermal offers shareholders SPP and bonus options offer
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20/08/09 Panax Geothermal study confirms commerciality of Penola Geothermal project to supply power
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13/08/09 Panax Geothermal meets all criteria for $7 million Government grant for Tirrawarra Project
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07/07/09 Panax Geothermal now owns two of three geothermal resources in Australia
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16/06/09 Panax Geothermal aims to become first Australian geothermal power producer with placement
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18/05/09 Panax Geothermal drilling rig arrives for Penola Project in South Australia
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21/04/09 Panax Geothermal gets Australian Government grant of A$7m to drill production well, Penola Trough
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02/04/09 Panax Geothermal aims to become first grid connected geothermal power producer in Australia
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31/03/09 Panax Geothermal lifts resource base by 64% to 332,000 PJ at Limestone Coast Geothermal project
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24/03/09 Is Panax Geothermal Power Potentially Australia’s Cheapest Clean Energy?
Other Panax Geothermal news
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09/03/10 Panax Geothermal Salamander-1 well at 3,330 metres depth
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05/03/10 Panax Geothermal well drilling closer to target depth
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02/03/10 Drilling progressing at Panax Geothermal's Salamander-1 well
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23/02/10 Panax Geothermal updates market on status of Salamander-1 well
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16/02/10 Panax Geothermal making progress drilling Salamander-1 well
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01/02/10 Panax Geothermal advises Salamander-1 well has spudded
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29/01/10 Panax Geothermal says spudding imminent of Salamander-1 well at Penola geothermal project
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18/01/10 Panax Geothermal drill rig mobilisation remains on schedule
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11/01/10 Panax Geothermal recommences mobilisation of drilling rig
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15/12/09 Panax Geothermal raises $4.65 million in Share Purchase Plan









