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Petratherm complete seismic data PDF Print E-mail
Wednesday, 24 October 2007

Petratherm Limited announced on Wednesday 24th the completion of another critical step in the development of its Paralana project in South Australia.

162 line kilometres of high quality seismic data have been collected along seven lines, in order to improve geological models (including identifying fractured zones that may have good natural permeability) and provide vital data for deep bore hole engineering plans.

 
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Panax Geothermal Ltd declared its proposed acquisition of Osiris Energy Ltd unconditional. Originally, the merger was conditional upon PAX raising a minimum of $20 million for development funding. The proposed merger remains subject to approval by the PAX shareholders.