22 May 2014 14:43
22 May 2014
Altona Energy Plc
("Altona")
Arckaringa project update
Altona (AIM: ANR) today announces that its 100% owned and operated Arckaringa project has had an extension until 19th May 2015 granted to its Water Affecting Activity Permit (WAAP), which defines water management procedures for the proposed 31-hole drilling programme. This Permit was granted by the Department for Environment, Water and Natural Resources (DEWNR) via the South Australian Arid Lands Natural Resources Management Board (SAALNRMB).
It follows the recent grant of a renewed Program for Environmental Protection and Rehabilitation (PEPR), which identifies all relevant environmental, social and economic impact events that may result from proposed exploration activities and how each of the identified impacts are to be managed or avoided.
The WAAP approval and the previously announced PEPR approval follow South Australian Government consent for the return of its Exploration Licences, previously held by the former Joint Venture partners Altona and CNOOC.
Altona has worked diligently alongside the South Australian authorities to expedite the WAAP and the PEPR permits, which had previously lapsed under CNOOC operatorship. The receipt of these two key permits allows Altona to continue to plan the 31-hole drilling programme, the execution of which remains subject to partner finance.
For further information, please visit www.altonaenergy.com or contact:
Altona Energy Plc Christopher Lambert, Chief Executive Michael Zheng, Chairman
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+44 (0) 20 7024 8391
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WH Ireland Ltd Adrian Hadden James Bavister
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+44 (0) 20 7220 1666 |
Old Park Lane Capital Plc Michael Parnes
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+44 (0) 20 7493 8188 |
Tavistock Communications Mike Bartlett
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+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.
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