30 Sep 2014 10:43
30 September 2014
Altona Energy plc
("Altona Energy" or the "Company")
Statement regarding recent share price movements
The Board of Altona Energy notes the recent performance of the Company's share price and confirms that it knows of no reason for such an increase.
The Board remains committed to progressing the negotiations with its potential partners, Wintask and Sino-Aus, to the stage where a joint venture agreement for the Arckaringa Project ("Joint Venture Agreement") can be agreed and signed.
A further update regarding the Joint Venture Agreement will be made in due course.
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 Energy is listed on the London Stock Exchange's AIM market. Its focus is firmly on the evaluation and development of the Company's flagship coal-to-liquids Arckaringa Project to exploit the huge coal resources contained in three exploration licences covering 2,500 sq. kms in the northern portion of the Permian Arckaringa Basin in South Australia. The Project is designed to include a modern, combined-cycle power station adding 560Mw to the national grid and to produce clean burning fuel for Australia and the world from a resource equivalent to 7.8 billion barrels.
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