The following bug has been logged online:
Bug reference: 2304
Logged by: Alexander Pivovarov
Email address: apivovarov(at)gmail(dot)com
PostgreSQL version: 8.1.3
Operating system: FreeBSD 6.1
Description: Time zone bug: '05:04 GMT+3' processing as '05:04:00
-03'
Details:
# select '05:04 GMT+3'::time with time zone;
timetz
-------------
05:04:00-03
(1 row)