Altona Energy PLC AGM Statement (8388Z)
December 16 2014 - 2:00AM
UK Regulatory
TIDMANR
RNS Number : 8388Z
Altona Energy PLC
16 December 2014
16 December 2014
Altona Energy Plc
("Altona" or "the Company")
AGM Statement
At the AGM of Altona (AIM: ANR) which is to be held today at
11am, Mr Michael Zheng, Executive Chairman, will make a statement
as follows:
"We are very excited with the progress the Company has made over
the past three months, especially the signing of a joint venture
agreement with our new business partners, Sino-Aus and Wintask, who
will support us in the Arckaringa project. We look forward to
working with them over the next two years to complete the drilling
programme and bankable feasibility study.
"As part of the ongoing joint venture partnership, we are
currently investigating all our available options to find the most
suitable method of producing Coal-To-Methanol and Coal Chemical
products.
"Altona is undergoing an evolution which is seeing the Company
move away from being a passive partner in the Arckaringa project to
becoming a more proactive partner, in order to achieve our goals.
We have seen a change in management, a change in partners, a change
in attitude and a change in ability; all of which is focused on
delivering on our strategy to develop the Arckaringa project."
A copy of the Company's presentation, which will be given at the
AGM this morning, will be posted on the Company's website
today.
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For further information, please visit www.altonaenergy.com or
contact:
Altona Energy Plc
Michael Zheng, Executive Chairman +8610 596 96 162
Leander (Financial PR)
Christian Taylor- Wilkinson +44 (0)7795 168 157
WH Ireland Ltd (Nomad)
Adrian Hadden
James Bavister +44 (0) 20 7220 1666
Old Park Lane Capital Plc (Broker) +44 (0) 20 7493
Michael Parnes 8188
About Altona
Altona is listed on the London Stock Exchange's AIM market. Its
focus is firmly on the evaluation and development of the Company's
flagship coal-to-methanal, coal chemical and synthetic gas
Arckaringa Project to exploit the huge coal resources contained in
three exploration licences covering 2,500 sq. kms in the northern
portion of the Permian Arckaringa Basin in South Australia. The
Project is designed to produce clean burning fuel for Australia and
the world from a resource equivalent to 7.8 billion barrels.
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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