16 May 2014 14:13
16 May 2014
Altona Energy Plc
("Altona")
Death of a Director
Altona (AIM: ANR) today announces that the Company's Technical Director, Peter Fagiano, passed away in the early hours of this morning after a long illness. Chris Lambert, the Company's Chief Executive, along with the Company's advisers, has been covering Peter's role since early 2014, and a permanent replacement for Peter will be announced in due course.
Chris Lambert, Altona's Chief Executive commented: "It is with huge regret that I can confirm that Peter Fagiano has finally given up his struggle against a long and painful illness - a struggle he maintained with characteristic courage and fortitude. Peter has been a Director at Altona since March 2010, and has made an enormous contribution to the company since that time. It is a tragedy that he did not live to see the Arckaringa project up and running, and it makes me more determined than ever to bring this project to fruition as a tribute to him.
He will be sorely missed as a colleague and as a friend, and our thoughts are with his family and many friends."
For further information, please visit www.altonaenergy.com or contact:
Altona Energy Plc Christopher Lambert, Chief Executive
| +44 (0) 20 7024 8391
|
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.
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