www.panaxgeothermal.com.au
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.
Panax Geothermal making progress drilling Salamander-1 well
Brisbane-based Panax Geothermal (ASX: PAX) has advised of the status of drilling operations of the much anticipated Salamander-1 well as at Tuesday 16 February 2010.
The well is part of the company's Penola Geothermal Project GEL 223 located in Penola, South Australia.
Total Depth at end of current week was 1,766 metres, representing 582 metres drilled for the week.
Panax was drilling ahead on the 17.5 inch section of the Salamander-1 well, interrupted by repairs to the top drive of the rig. Casing and cementing of the 17.5 inch section will commence shortly, which is scheduled to take approximately three days.


















