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  • $1.25 million grant for geothermal research

    September 18, 2012 - no Comments

    Geothermal developers Geodynamics and Panax are part of an industry consortium which will share a $1.25 million federal grant under the Government’s Emerging Renewables Program. The University of Adelaide’s South

  • Panax raises funds for Indonesian geothermal

    July 11, 2012 - no Comments

    Geothermal developer Panax Geothermal is pressing ahead with its plans in Indonesia and has asked shareholders for another US$1.6 million for its projects. Panax is currently finalising power purchase agreements

  • Uncertain future for Panax

    March 16, 2012 - no Comments

    Geothermal developer Panax may have to fold unless it raises further capital, the company has said. Panax, which this week reported a half-yearly net loss of $1.08 million, says it

  • Geothermal players continue to spill red ink

    March 14, 2012 - no Comments

    The pre-revenue status of the geothermal industry was underlined again this week with two key industry players both reporting interim losses. During the six months to 31 December 2011, Adelaide-based

  • Panax in research partnership

    February 21, 2012 - no Comments

    Geothermal developer Panax has signed a two year research partnership with the University of Melbourne which it says will help it deliver a long-term commercial solution for its Penola project

  • Carbon price good for geothermals

    July 12, 2011 - no Comments

    Shares in ASX geothermal companies, which have languished over the last 12 months, sprung into life this week following the Government’s carbon tax announcement. Leading the way was Geodynamics, up

  • Panax progresses Indonesian geothermal

    June 10, 2011 - no Comments

    ASX-listed geothermal developer Panax has announced further progress on its Sokoria Project in on Flores Island in Indonesia. Panax, which recently raised $3.7 million to develop a raft of Indonesian

  • Panax to raise $3.7 million for Indonesia

    June 3, 2011 - no Comments

    Geothermal developer Panax will raise up to A$3.7 million to fund projects in Indonesia. Shareholders will be offered rights to new shares on a six for 10 basis at 2

  • Indonesia to issue geothermal development rights

    January 4, 2011 - no Comments

    Indonesia will seek bids for 50 new oil and gas blocks next year through tenders and direct offers to help boost output, said Evita Legowo, director general of oil and

  • Panax acquires stake in Flores geothermal project

    October 19, 2010 - no Comments

    Australian geothermal firm Panax  has acquired 45 per cent of the Sokoria Geothermal project in Flores, Indonesia following the execution of a share purchase agreement with PT Bakrie Power. Sokoria