Altona Energy Plc PEL Application Update
16 Maio 2017 - 3:00AM
UK Regulatory
TIDMANR
16 May 2017
Altona Energy Plc
("Altona" or "the Company")
PEL Application Update
Further to the announcement of 28 July 2016, the Company announces that it has
been notified by the Minister for Mineral Resources and Energy for the South
Australian Government that the assets of Linc Energy Ltd, including those of
its wholly-owned subsidiary, SAPEX Limited, have been acquired by Tri-Star
Petroleum Company Inc. ("Tri-Star"). These assets include Petroleum
Exploration Licence Application ("PELA") 604, which overlaps Altona's three
Exploration Licences (EL3360, 3361 and 3362) relating to the Arckaringa
Project.
The Company is in the process of contacting Tri-Star to establish its
intentions for PELA 604. The Directors cannot give any assurances as to the
outcome of any subsequent negotiations.
-ends-
For further information, please visit www.altonaenergy.com or contact:
Altona Energy plc +44 (0)7555 679 245
Qinfu Zhang, Executive Chairman
Leander (Financial PR) +44 (0)7795 168 157
Christian Taylor- Wilkinson
Northland Capital Partners Ltd (Nomad and +44 (0)20 3861 6625
Broker)
Matthew Johnson / Gerry Beaney (Corporate
Finance)
John Howes (Corporate Broking)
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).
END
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