Altona Energy Share Discussion Threads

[2admiral] 02/7/2014 09:25

Not long now pem and then ANR will really be up and running!!!

[pembury] 01/7/2014 09:02

News due in July!. Hope they can pull it off as it would be a game changer
?

[pembury] 29/6/2014 13:58

The options are set against major milestones being achieved ie 1. options set at 1.5p on obtaining finance which they should get in the next few weeks and 2. options set at 3p on drilling completion. If they get 1. then 2. milestone will follow with finance in place. I would expect the bod to take up those allocatons when these milestones have been achieved sending a clear signal from senior management that Arckaringa will be delivered starting with the vital BFS.

[zulu88] 29/6/2014 08:56

With options recently set at 1.5p and 3p, a path for the share price has been mapped out if they can conclude JV negotiations over the next few weeks.

GLA

[vermilion1966] 23/6/2014 15:32

Popper - for a moment there I thought you were quoting from 'I'm sorry I haven't a clue'...

[pembury] 23/6/2014 14:29

buys are now at 1.04p which is increasing

[p0pper] 23/6/2014 14:03

What a lovely wide spread, certainly encourages buyers, Not

[tarni] 23/6/2014 09:21

19th May 2015

[substp] 23/6/2014 09:09

How long is that new drilling permit for?

[seismick] 23/6/2014 08:32

RNS

'they wish to conclude the negotiation of the JV agreement on or before 31 July 2014'.

Me too cheekyfella! 'THEY wish' so very encouraging

[cheekyfella] 23/6/2014 08:27

I'm excited

[2admiral] 23/6/2014 08:17

On the positive side we now have a timeframe which isn't far away so i guess things are very close. 2ad;

[pembury] 23/6/2014 08:09

About a month or less the deal will complete imo, seems complex deal as you would expect but not long now.

[fozdad] 23/6/2014 08:06

They say the timescales have been extended to 31st July. I don't recall seeing timescales published previously

[cheekyfella] 23/6/2014 07:55

agreed pembury - interesting times ahead

[pembury] 23/6/2014 07:10

I read that as a deal isn't too far off now!

[tarni] 23/6/2014 07:08

RNS Number : 2143K

Altona Energy PLC

23 June 2014

23 June 2014

Altona Energy Plc

("Altona")

Joint venture negotiation update

Altona (AIM: ANR) today announces that Altona and Sino-Aus continue to negotiate the terms of the Arckaringa project joint venture and each party has agreed that the term for the negotiation of the joint venture be extended until 31 July 2014.

Furthermore Sino-Aus and Altona have agreed to arrange a follow-up visit to South Australia for Sino-Aus to visit the project site in the coming weeks. This visit had to be rescheduled due to bad weather during the due diligence trip described in Altona's announcement of 15(th) May 2014. Altona will continue to keep shareholders informed.

Altona's Executive Chairman, Michael Zheng, said: "Sino-Aus and Wintask continue to be positive in respect of the Arckaringa project. We have seen them make detailed enquiries independently and through Altona to better understand the project, including technical matters and performing research on domestic and international product demand. Sino-Aus and Wintask are working constructively with Altona and because of the complexity of the project, it is entirely reasonable that the negotiation time be extended. It is encouraging that Sino-Aus and Wintask have invested so much time with the project to date and we are pleased that they wish to conclude the negotiation of the JV agreement on or before 31 July 2014."

For further information, please visit www.altonaenergy.com or contact:

Altona Energy Plc
Michael Zheng, Chairman [phone]
WH Ireland Ltd
Adrian Hadden
James Bavister [phone]
Old Park Lane Capital Plc
Michael Parnes [phone]
Tavistock Communications
Mike Bartlett [phone]
Marlow Communications (Australian media)
Stephen Marlow [phone]

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.

-ends-

This information is provided by RNS

The company news service from the London Stock Exchange

END

[unionhall] 19/6/2014 11:22

It all hinges on this which could be anytime....



" the execution of which remains subject to partner finance. "

[cheekyfella] 19/6/2014 11:13

Fantastic value at 1p.
Looks like the MMs are fishing for stock.
There isn't any news expected at the moment - unless I've misread the last few RNSs - however there could be focus given to the project by local authorities or government at anytime.
The ongoing Middle East / Africa crisis' always serve to focus the mind on alternative energy sources.

[jumbone] 19/6/2014 10:54

Union Hall:

But all of those have been bought off today and a bit more

The MMs are now offering 0.9568 to sell

[p0pper] 19/6/2014 10:30

yes but why did they want to buy the 2m I offered earlier at full bid????

[unionhall] 19/6/2014 10:29

Don't forget the 855k sold yesterday afternoon......

[jumbone] 19/6/2014 10:27

A million shares bought thus far.

Not a single sell

[tarni] 19/6/2014 09:53

If you are looking for possible reasons the last few RNS have been released on a Thursday.

22/05/2014 14:43 UKREG Altona Energy PLC Arckaringa project update
16/05/2014 14:13 UKREG Altona Energy PLC Death of a Director
15/05/2014 07:00 UKREG Altona Energy PLC Arckaringa project update
03/04/2014 10:54 UKREG Altona Energy PLC Director/PDMR Shareholding

16/05 doesn't count

But I wouldn't read to much into it.

[2admiral] 19/6/2014 09:52

Just put in a f/k at 0.95p