Altona Energy Plc PEL Application Update

 
TIDMANR 
 
16 May 2017 
 
                               Altona Energy Plc 
                          ("Altona" or "the Company") 
 
                            PEL Application Update 
 
Further to the announcement of 28 July 2016, the Company announces that it has 
been notified by the Minister for Mineral Resources and Energy for the South 
Australian Government that the assets of Linc Energy Ltd, including those of 
its wholly-owned subsidiary, SAPEX Limited, have been acquired by Tri-Star 
Petroleum Company Inc. ("Tri-Star").  These assets include Petroleum 
Exploration Licence Application ("PELA") 604, which overlaps Altona's three 
Exploration Licences (EL3360, 3361 and 3362) relating to the Arckaringa 
Project. 
 
The Company is in the process of contacting Tri-Star to establish its 
intentions for PELA 604.  The Directors cannot give any assurances as to the 
outcome of any subsequent negotiations. 
 
-ends- 
 
For further information, please visit www.altonaenergy.com or contact: 
 
Altona Energy plc                                    [phone] 
Qinfu Zhang, Executive Chairman 
 
Leander (Financial PR)                               [phone] 
Christian Taylor- Wilkinson 
 
Northland Capital Partners Ltd (Nomad and            [phone] 
Broker) 
Matthew Johnson / Gerry Beaney (Corporate 
Finance) 
John Howes (Corporate Broking) 
 
 
About Altona 
 
Altona is listed on the London Stock Exchange's AIM market.  Its principal 
focus is on the evaluation and development of the Company's flagship Arckaringa 
Project to exploit the significant 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 
produce syngas products for the Australian market and export from a resource 
exceeding 7.8 billion tonnes of coal (1.3 billion tonnes JORC compliant). 
 
 
 
END 
 

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May 16, 2017 02:00 ET (06:00 GMT)