Altona Energy PLC Joint venture negotiation update (6657N)
July 30 2014 - 2:00AM
UK Regulatory
TIDMANR
RNS Number : 6657N
Altona Energy PLC
30 July 2014
30 July 2014
Altona Energy Plc
("Altona")
Joint venture negotiation update
Altona (AIM: ANR) today announces that alongside its partners
Wintask and Sino-Aus the negotiations over the Arckaringa joint
venture agreement are continuing. Altona, Sino-Aus and Wintask
recently held constructive talks in Xi'an, People's Republic of
China, where the commercial terms of the joint venture agreement
were discussed.
Chairman, Michael Zheng commented: "All of the parties had hoped
to conclude the joint venture agreement before 31 July 2014 however
there is complexity inherent in negotiating an agreement across
international jurisdictions for a project of the size and potential
of the Arckaringa project. We are continuing to work very hard
alongside Wintask and Sino-Aus and thank shareholders for their
continued patience and look forward to giving further information
in the near future".
For further information, please visit www.altonaenergy.com or
contact:
Altona Energy Plc
Michael Zheng, Chairman +86 (10) 5969 6162
WH Ireland Ltd
Adrian Hadden
James Bavister +44 (0) 20 7220 1666
Old Park Lane Capital Plc
Michael Parnes +44 (0) 20 7493 8188
Tavistock Communications
Mike Bartlett +44 (0) 20 7920 3150
Marlow Communications (Australian media)
Stephen Marlow +61 (0) 8 8357 7707
About Altona
Altona is listed on the London Stock Exchange's AIM market. Its
focus is firmly on the evaluation and development of the Company's
coal-to-liquids Arckaringa Project to exploit the huge coal
resources, equivalent to 7.8 billion barrels, contained in three
exploration licences covering 2,500 sq. kms in the northern portion
of the Permian Arckaringa Basin in South Australia.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAKXNADFLEFF
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