| Geodynamics announce drilling plans |
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| Thursday, 22 February 2007 | |
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Geothermal Resources Limited announced that it “plans to commence the shallow geothermal gradient drilling on its Frome Project in early March”, using equipment being released for the job by Havilah Resources. The initial program will assess thermal gradient and thermal conductivity in three holes drilled to about 500 m depth, with a further five holes planned for the near future.
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| On the 3rd of November, Panax announced to its share holders that an Extraordinary General Meeting will be held on the 4th of December 2008 regarding the merger of Panax and Osiris Energy. |