Altona Energy PLC Further Sino-Aus Financial Contribution (8595V)
April 21 2016 - 2:00AM
UK Regulatory
TIDMANR
RNS Number : 8595V
Altona Energy PLC
21 April 2016
21 April 2016
Altona Energy Plc
("Altona" or the "Company")
Sino-Aus Joint Venture Contribution
Altona (AIM: ANR) is pleased to announce that its joint venture
partner, Sino-Aus Energy Group Ltd, Hong Kong ("Sino-Aus HK") has
now paid the final AUD$1.4 million of its first tranche financial
contribution to the joint venture company, Arckaringa Coal Chemical
Joint Venture Co Pty Ltd. ("the JV Company"), taking its initial
contribution to AUD$5.4 million.
The board of the JV Company held its first meeting in Adelaide
yesterday.
The Company will provide an update with an outline plan and
timetable for the drilling programme once it has reviewed a
preliminary report from Parsons Brinkerhoff (Australia).
-ends-
For further information, please visit www.altonaenergy.com or
contact:
Altona Energy plc
Qinfu Zhang, Executive Chairman +44 (0)7769
Nick Lyth, Non-Executive Director 906 686
Leander (Financial PR) +44 (0)7795 168
Christian Taylor- Wilkinson 157
Northland Capital Partners Ltd
(Nomad and Broker)
Matthew Johnson / Gerry Beaney
(Corporate Finance)
John Howes / Abigail Wayne (Corporate +44 (0)203 861
Broking) 6625
About Altona
Altona is listed on the London Stock Exchange's AIM market. Its
principal focus is on the evaluation and development of the
Company's flagship Arckaringa Project to exploit the significant
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 syngas
products for the Australian market and export from a resource
exceeding 7.8 billion tonnes of coal (1.3 billion tonnes JORC
compliant).
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGUGDSIGDBGLB
(END) Dow Jones Newswires
April 21, 2016 02:00 ET (06:00 GMT)
Altona Energy (LSE:ANR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Altona Energy (LSE:ANR)
Historical Stock Chart
From Apr 2023 to Apr 2024