Altona Energy PLC PEL Application (7962M)
October 18 2016 - 1:00AM
UK Regulatory
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
END
MSCAKFDPPBDKOKD
(END) Dow Jones Newswires
October 18, 2016 02:00 ET (06:00 GMT)
Altona Energy (LSE:ANR)
Historical Stock Chart
From Apr 2024 to May 2024
Altona Energy (LSE:ANR)
Historical Stock Chart
From May 2023 to May 2024