TIDMANR

RNS Number : 7962M

Altona Energy PLC

18 October 2016

18 October 2016

Altona Energy plc

("Altona" or "the Company")

Petroleum Exploration Licence Application

Altona Energy plc (AIM: ANR) makes the following announcement further to the notification dated 28 July 2016. Altona is a joint venture partner of the Arckaringa Coal Chemical Joint Venture Company Pty Ltd ("the JV Company"). On 17 October 2016, the JV Company submitted an application for a Petroleum Exploration Licence ("PEL") in respect of an area overlapping that covered by PEL Application 604, which was lodged by Sapex Limited, a 100% subsidiary of Linc Energy Ltd, which is now in administration.

The PEL application follows talks with the South Australian government, which remains supportive of the Company's proposed investment in the Arckaringa Basin (in South Australia). The Directors cannot provide any assurances regarding the likely outcome of the PEL application at this time. However, the Board remains confident that, along with its joint venture partners, Sino Aus Energy Group Ltd and Wintask Group Ltd, it will be successful in its endeavour to commence an Underground Coal Gasification ("UCG") test drilling programme.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information, please visit www.altonaenergy.com or contact:

 
Altona Energy plc                            +44 (0)7769 
 Qinfu Zhang, Executive Chairman                 906 686 
Nick Lyth, Non-Executive Director 
 
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)20 3861 
 Broking)                                           6630

This information is provided by RNS

The company news service from the London Stock Exchange

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October 18, 2016 02:00 ET (06:00 GMT)

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