Altona Energy PLC Drilling Approvals Update & Potential Pyrolysis JV (7991U)
July 17 2018 - 2:00AM
UK Regulatory
TIDMANR
RNS Number : 7991U
Altona Energy PLC
17 July 2018
Altona Energy plc
("Altona" or "the Company")
Update on Australian Drilling Approvals and Potential Pyrolysis
Joint Venture
Australian Drilling Approvals
Further to the Company's announcement on 18 May 2018, Altona is
pleased to provide a further update on the preparations for the
Initial Drill Programme at the Westfield Tenement.
1) The Statutory Notices, advising of the Initial Drill
Programme, have been issued to the landowner, Native Title holder
and Petroleum Exploration Licence holder;
2) The Company's Programme for Environmental Protection and
Rehabilitation ("PEPR") is under active consideration by the South
Australian Department for Energy and Mining;
3) A request has been made to Antakiringa Matu-Yankunytjatjara
Aboriginal Corporation ("AMYAC"), the Registered Native Title Body
to undertake a survey of the area of the Company's planned drill
programme to ensure that no damage, disturbance or interference
will occur to any Aboriginal site, object or remains. The AMYAC
representative has advised the Company that the clearance should
occur in early August 2018; and
4) The necessary contractors, including the drilling company,
have been engaged in readiness for the above approvals.
Potential Pyrolysis Joint Venture
Further to the announcement of 5 June 2018, the Company advises
that several further meetings have taken place in Spain (the
intended site of the pyrolysis recycling project) with the local
municipal government who will supply the land and feedstock for the
project, technical and scientific staff and potential suppliers of
equipment. In addition, meetings have also been held with GCAT
Energy Group Inc., the owners of the licence for the patented
pyrolysis technology, to discuss potential joint venture
arrangements.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
-ends-
For further information, please visit www.altonaenergy.com or
contact:
Altona Energy plc +44 7769 906
Nicholas Lyth, Chief Executive Officer 686
Northland Capital Partners Ltd (Nomad and Broker)
Matthew Johnson / Gerry Beaney / Jamie Spotswood
(Corporate Finance) +44 20 3861
Isabella Pierre (Corporate Broking) 6625
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END
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