Altona Energy Share Discussion Threads

[21trader] 29/1/2015 19:39

pembury

I think it's this sector that is crashing. We've had it good over the years with AIM small cap oil and miners but now nobody wants them and most of them say 95% have more sellers than buyers I've took a load of them off my monitor tonight I simply do not want to get involved and lose more money trying to second guess
the bottom on them. Rather have a monitor full of normal companies that make profits and growth.

[pembury] 29/1/2015 15:54

Hope i'm wrong but you almost get the feeling another market crash is upon us!

[seismick] 29/1/2015 13:48

sells at 0.83p 2ad so should get above 0.8p

[2admiral] 29/1/2015 13:29

My other energy related stocks also but they all been trashed!. As said ANR is by far best performer by a mile.

[p0pper] 29/1/2015 13:25

2ad, saying that though we are now on the brink of great things, I think :)

[2admiral] 29/1/2015 13:21

Can't sell many above 0.8p either p0pp, must be lunch!

[pembury] 29/1/2015 13:03

ssshhh 2ad we were getting away with it!

[p0pper] 29/1/2015 12:55

It's funny, if someone is dumping, mm's not happy to sell, I just struggled to buy that 400k at .929

[21trader] 29/1/2015 12:22

Think somebody has given up with the markets not ANR and bailing at any price.

[seismick] 29/1/2015 11:24

Yep could be worse, 1m dump at 0.85p

[pembury] 29/1/2015 08:37

Holding up well considering the energy bloodbath everywhere else

[pembury] 27/1/2015 14:08

offer price 1.15p,,,buys 0.985p.

[p0pper] 26/1/2015 10:14

Thanks Jez, much appreciated.

[jez66] 26/1/2015 10:05

I'm still with them p0pper and do usually post their coverage when they here. The last time they covered it was 24.11.14 ... here it is [ graphs and diagrams are missing] :

New partners aboard
Altona Energy has secured two new partners to joint venture its flagship Arckaringa coal to fuels project in South Australia. Despite the current weakness in the oil price, the recent signing by the new joint venture (JV) partners is a positive sign for the long-term the project and energy outlook in general. The following figure shows the Arckaringa project region.



Source: Altona Energy

We are pleased that the company has now secured two new JV partners in Sino-Aus Energy Group (Sino-Aus) and the Wintask Group (Wintask) to advance its Arckaringa project.

Wintask is already a major shareholder in Altona Energy with a holding of circa 26%. Wintask is owned by a privately-held Chinese company owned by Mr Qinfu Zhang a Chinese national. Mr Qinfu Zhang is the Chairman of the Hailang Group (Hailang), a private Chinese company which owns a number of industrial operations. Wintask has developed energy-efficient, micro-emission coal-fired boilers, using clean coal combustion technology. Hailang owns patents and technology relating to clean-burning coal boilers.

Sino-Aus is already a major shareholder in Altona Energy with a holding of circa 10%. Sino-Aus was founded by two Chinese investors, who came together for the purposes of investing in, and the development of, the Arckaringa Project. Through their direct ownership of a number of subsidiaries, namely; Shanghai Qianqi Petrochemical Engineering Limited, Shanxi Huaxiang Technology Energy Limited, and Shanxi Xuanyuan Investment Group, they bring a wealth of experience in the areas of power, coal, chemicals and real estate.

The new JV partners are not well known corporates, and the extent that each can draw future funding is not known. We will continue to monitor the progress of Arckaringa. We are however pleased that JV partners have signed on.

The partnership will see the company move to a 45% ownership of Arckaringa, with Sino-Aus taking a 45% interest and Wintask the final 10%.

The new JV partners will bring A$33 million to the project in four staged tranches. The following table shows the contributions with contribution dates yet to be confirmed, but have trigger events:



Source: Altona Energy

The first contribution will be made by the JV partners 30 days from the effective date of the JV Agreement. The second 30 days after the commencement of the yet to be determined “First Stage Task” such as a drilling event. The third contribution will be made 30 days after the completion of the “First Stage Task”. The final contribution will be made after the completion of a yet to be determined “Second Stage Task”. The funding is welcomed, with the staged contribution structured to meet pending commitments. Staged funding in this way is a normal approach to resource project funding. What is generally not known is the quantum.

The JV partners will complete the drill programme to support the bankable feasibility study (BSF), which is targeted to be completed within two years. A definitive target date for the BSF is very encouraging.



The original operational plan would have the Arckaringa project producing 15,000 barrels per day (bpd) of liquids through a coal-to-liquids via a single conversion train. A second train will also produce 6,200 tonnes per day of methanol through coal-to-methanol train. The plants have a proposed capital cost of US$3.5 billion and will have a capacity to process five million tonnes of coal per annum. The methanol operation will be retained and coal chemical and synthetic gas production capability will be added to the processing circuit. This new production route is being driven by demand and the availability of proven technology.

Finally, the new JV partners will subscribe for 100 million new shares in the company at one penny per share. The placement will raise £1.0 million for the company to use as working capital. The placement will be made after the completion of the second tranche of funding. Following the completion of the placement, the equity interest held by Wintask in the company will fall to circa 25.2% and Sino-AUS’s interest will rise to circa 18.1%.



Our view on Altona Energy as a compelling play in the alternative fuels sector remains unchanged. The arrival of new partners Sino-Aus and Wintask, should bring the capabilities and capacity to take the Arckaringa project to the critical construction stage and then to production. Both companies are however, unknown. Our outlook on future energy prices, particularly oil, in the medium-term to long-term is for robust pricing levels to return. With the BFS again fully funded and now able to be progressed toward completion; near-term uncertainty has been removed. We still view Altona Energy as a significant long-term alternative energy investment.

There are inherent risks in the Arckaringa project with energy pricing being a major influencing factor. Given the quality of the Arckaringa resource, product capability, its location and new JV partners; Altona Energy will remain held in the Fat Prophets portfolio.
DISCLAIMER

[p0pper] 24/1/2015 07:56

Up until about 5 years ago I was with Fat Prophets and they liked this stock, anyone with Fat Prophets now? how do they see it? tia

[mc7y] 23/1/2015 17:54

indeed - very under the radar - e.g. the last comment from Investors Chronicle was Mar 12 when we were at 5p

wonder when ANR's broker might raise their next note

[jez66] 23/1/2015 16:19

selftrade will only buy £ 1400 worth so i don't think anyone's clamouring for these despite the rise.

[pembury] 23/1/2015 14:54

yes but it's still only 1p despite all the progress made recently. it got to 1.35p without ministerial consent and now they have it it's 1p.

[mc7y] 23/1/2015 14:52

yup, me and my daughter
where everyone else?

[21trader] 23/1/2015 14:15

Small signs of life today

[pembury] 20/1/2015 16:12

Loads of progress made recently shame not reflected in the share price. Still fundamentals improving now finance sorted.

[richgit] 18/1/2015 17:29

None of us know the truth,other than the usual inevitables,so I am somewhat
swayed by a logic I didn`t consider in my previous post,albeit the consequences do not change...


It is not unreasonable to assume that the Fed is in control of the Oil Price
shenanigans,and if so it is not unreasonable to assume they will push it back
up a notch when the pain on their doorstep is too much,or whatever the true
game plan- is seen to be failing.



As with all frauds and manipulations,the consequences bite back severely at some
point when so many go bust and exploration is on hold.

All will become clearer as parts of their Oil Shale game disappears in assetless
unpayable debt,and hence unemployment rises even more.

I tend to agree with the conclusions of a particular Oil expert,that if the Saudis were causing the US pain as their own agenda - the US would put a stop to it overnight with more warning threats than Saddam had.

The target thus,has to particularly be Russia,yet Putin keeps outwitting
Obama and the War Freaks,as so far their hopes of turning Russians against
Putin with Financial Warfare - isn`t working.

The Oil price will rise at some point this year ,yet more worrying is what it could explode to in 2016 from levels in 2015 .



IMHO

[azalea] 17/1/2015 18:48

Eventually cuts in global oil production whether it be conventional or shale, will result in higher prices as demand matches/leads supply; which in turn will reinvigorate the shale oil industry. The only way for the Saudis to combat shale oil is to increase production on rising demand and keeps its prices at levels which will continue to keep shale oil production in a semi dormant state.