15 Oct 2014 07:00
15 October 2014
Altona Energy plc
("Altona Energy" or the "Company")
Directorate Change
Altona Energy plc announces the resignation of Chris Lambert as a director of the Company with immediate effect and as Chief Executive of the Company with effect from 8 December 2014.
Mr Lambert has been with Altona since it listed on the AIM market in 2005 and has seen the Company through a number of development stages throughout this period.
As the Company now moves closer to a phase of development, Mr Lambert has taken the decision to step down to dedicate more time to his other business interests. Michael Zheng, Executive Chairman of Altona, will adopt the role of Chief Executive. A new Board appointment is expected to be announced in the near future.
Michael Zheng, Executive Chairman of Altona, commented,"The Company would like to thank Mr Lambert for his dedication, leadership and contribution over the past nine years and we wish him all success in the future."
For further information, please visit www.altonaenergy.com or contact:
Altona Energy Plc Michael Zheng, Executive Chairman
| +86 596 96 162
|
Leander (Financial PR) Christian Taylor- Wilkinson
| +44 (0)7795 168 157 |
WH Ireland Ltd (Nomad) Adrian Hadden James Bavister | +44 (0) 20 7220 1666 |
Old Park Lane Capital Plc (Broker) Michael Parnes
| +44 (0) 20 7493 8188 |
About Altona Energy
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-chemicals 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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