| Torrens Energy heat flow in GEL-278 |
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| Sunday, 29 April 2007 | |
| Torrens Energy told the world that “the discovery of old well logs with the newly acquired GEL-278 has allowed temperature modelling to be completed to 5000 m, indicating very high heat flow…[, and]…the modelled heat reservoir can achieve 230°C” at that depth. |
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Newsflash
| 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. |
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