Half-yearly Report
Corporate Governance Report In compliance with the Corporate Governance Recommendations of the Budapest Stock Exchange
PannErgy Plc hereby advises the actors of the capital markets that two of its subsidiaries, DD Energy Ltd and Arrabona Geothermal Ltd are closely following the targeted schedule of project realization concerning the implementation and completion of the Geothermal Project of Győr.
Composition of share capital of the PannErgy Plc.
As an entity of PannErgy Group involved in the utilization of geothermal energy, PannErgy Geothermal Power Plants Ltd was awarded a non-repayable grant of HUF 442,479,143 in the “Support to market-oriented research & development activities” (PIAC_13) scheme announced in the framework of the New Széchenyi Plan, in December 2013. In the context of research and […]
In compliance with its disclosure obligations, PannErgy Ltd hereby advises the actors of the capital market that today it has entered into an agreement with the Municipality of Gödöllő concerning the acquisition of its 10% business quota in Gödöllő Geothermal Ltd.
PannErgy Plc hereby advises the actors of the capital markets that its subsidiary, PannErgy Geothermal Power Plants Ltd (PEGE Ltd) has entered into an agreement with the Municipality of Csurgó concerning the acquisition of its business stake. Under the agreement, PEGE Ltd, the majority shareholder shall purchase the 10% business stake held by the Municipality […]
PannErgy Plc hereby advises the actors of the capital markets that the primary tests for geothermal well no. PER-PE-02 that has been implemented by its subsidiary, Arrabona Geothermal Ltd have demonstrated outstanding results.
PannErgy Plc hereby advises the actors of the capital markets that grant agreement no. GOP-1.2.1-12/B-2012-0052, made by and between its subsidiary, PannTerm Ltd as the Beneficiary and the Ministry of the National Economy as the Sponsor, has been withdrawn. The implementation of the project and the actual commencement of the investment have been hindered by […]
Other Information – Composition of share capital of the PannErgy Plc.
On behalf of its subsidiary, Arrabona Geothermal Ltd, PannErgy Plc hereby informs the actors of the capital market that as part of the investment belonging to the Geothermal Project of Győr the PER-PE-02 geothermal drilling reached the targeted fault zone in the pre-determined layer formation, and on 23 June 2015 total mud loss followed.
PannErgy Plc hereby advises the actors of the capital markets that two of its subsidiaries, DD Energy Production and Service Ltd and Arrabona Geothermal Ltd have agreed on the amendment of the investment loan agreement made with Hungarian Export-Import Bank Plc (Eximbank) on 11 November 2014 and the increase of the funding limit.
PannErgy Plc hereby advises the actors of the capital market that its subsidiary, Arrabona Geothermal Ltd and GYŐR-SZOL Győr Public Services and Assets Management Ltd (GYŐR-SZOL Ltd) have agreed on the technical amendment of the 15-year heat energy supply contract made for the sales of the heat capacities belonging to the Geothermal System of Győr.
Composition of share capital of the PannErgy Plc.
Drilling operations for the third well of the Geothermal Project of Győr have been launched
Flash Report on Q1 2015 Operations
PannErgy Plc hereby advises the actors of the capital markets that the final test results for geothermal well no. BON-PE-01 that has been implemented by its subsidiary, DD Energy Ltd are even better than the data established by means of preliminary measurements.
Change in PannErgy Plc’s senior management
