Altona Energy PLC Statement regarding recent share price movements (9905S)
September 30 2014 - 4:43AM
UK Regulatory
TIDMANR
RNS Number : 9905S
Altona Energy PLC
30 September 2014
30 September 2014
Altona Energy plc
("Altona Energy" or the "Company")
Statement regarding recent share price movements
The Board of Altona Energy notes the recent performance of the
Company's share price and confirms that it knows of no reason for
such an increase.
The Board remains committed to progressing the negotiations with
its potential partners, Wintask and Sino-Aus, to the stage where a
joint venture agreement for the Arckaringa Project ("Joint Venture
Agreement") can be agreed and signed.
A further update regarding the Joint Venture Agreement will be
made in due course.
For further information, please visit www.altonaenergy.com or
contact:
Altona Energy Plc
Michael Zheng, Executive Chairman +86 596 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)
Michael Parnes +44 (0) 20 7493 8188
About Altona Energy
Altona Energy 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-liquids 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 include a modern, combined-cycle power station adding
560Mw to the national grid and to produce clean burning fuel for
Australia and the world from a resource equivalent to 7.8 billion
barrels.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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