Altona Energy Share Discussion Threads

[mc7y] 02/8/2016 21:15

you could be right popper4. I thought one of their plans back in the mists of time was meant to come to fruition soon!

[popper4] 02/8/2016 20:07

mc7y no, should of been in production many, many years ago, we should have been getting divi's by now

[mc7y] 02/8/2016 17:32

And was meant to be in production by 2017.....

[newkid] 02/8/2016 16:14

That is an option pembury. That was the project I invested in, in the first place.

[pembury] 02/8/2016 11:05

or go back to the CTL plan NewKid?

are they just wasting time to keep the gravy train going? more years wasted!

[mc7y] 02/8/2016 10:58

somebody is buying and its not me!

[newkid] 01/8/2016 18:02

Almost wish we didn't get that RNS. What we have to get our heads around now is how do we get hold of the PEL's and at what cost? The Aus government should sort this out as it's them who allocated the licenses both to Linc and Altona. Madness to issue licenses that overlap if only one of the licenses can get the PEL.

[popper4] 01/8/2016 17:32

Bloody hell, more buys than sells and we are down 25% Oh dear :(

[pembury] 01/8/2016 16:01

Miserable effort

[pembury] 01/8/2016 11:15

Not that CEO!

[newkid] 01/8/2016 10:49

pembury. It was CL who got us into this mess when he went chasing after Chinese money.

[pjackson64] 30/7/2016 00:30

The gravy train continues

[popper4] 28/7/2016 20:37

yes I know I was lost in my anger for a while

[newkid] 28/7/2016 15:50

They weren't going to pump oil. It was originally a strip mining project.

[popper4] 28/7/2016 11:26

It also raises another question, how the hell were they going to pump oil originally???? all those years ago.

[newkid] 28/7/2016 11:18

It does beg the question why there would be an overlap in the first place. The area covered by the licence and PEL should be the same.

[pembury] 28/7/2016 11:03

So how long will this PEL application take 3-6 months?
BOD must think a significant time with JV funds now being returned!

No comment from the BOD either which i do not like

[newkid] 28/7/2016 10:57

I do think the board should be looking at talking with the Linc administrators with a view to buying the assets as a whole. That would be the fastest route IMO. To make it easy, here is the contact details.

APP Advisory
Level 27, Central Plaza One
345 Queen Street
Brisbane QLD 4000
GPO Box 1216
Brisbane QLD 4001


Telephone:
[phone]
Fax:
[phone]
Email Brisbane

[pembury] 28/7/2016 10:38

So now we have months of not knowing if 1. The PEL will be granted 2. If the JV partners are still interested in this project?? and 3. What if PEL is refused??

Waited years for funding, get an agreement and now they pull it!
Couldn't make it up

[popper4] 28/7/2016 10:34

Hi NK, yes but what ANOTHER kick in the teeth for us long sufferers.

[newkid] 28/7/2016 10:27

Popper4. It was always known that there was an overlap with Linc PEL. I wouldn't be at all surprised to find Linc's CEO is looking to buy the assets. I would have thought the first stop for Altona is to contact the Administrators to put an offer in for the assets of Linc.