Altona Energy joint venture finally applies for Arckaringa licence
18th Oct 2016 11:45
(ShareCast News) - Altona Energy posted an update to its Arckaringa Coal Chemical Joint Venture Company on Tuesday, following the July announcement that a petroleum exploration licence was required from the South Australian government before drilling could begin. The AIM-traded firm confirmed that,
Read moreSphere Medical opens new Welsh production facility
4th Feb 2016 15:46
(ShareCast News) - Sphere Medical was celebrating a major step forward for its product range on Thursday, with the opening of a new commercial production facility in St Asaph, Wales. The AIM-traded provider of monitoring and diagnostic devices for use in critical care said the facilities included a
Read moreAltona Energy surges on Arckaringa agreement
5th Nov 2015 12:28
(ShareCast News) - Altona Energy and its joint venture partners Sino-Aus Energy Group and Wintask Group have signed an agreement modifying the terms the Arckaringa coals-to-chemicals project in Australia. Altona said its partners will invest a maximum of AUD33m (£15.4m) in four contribution stages o
Read moreAltona Energy's Arckaringa talks taking time
27th Oct 2015 13:21
(ShareCast News) - AIM tiddler Altona Energy disappointed investors as talks over a potential joint venture with Chinese partners over the Arckaringa coal project in South Australia had not progressed as fast as hoped. Altona said discussions with joint venture partners, Sino-Aus Energy Group and
Read moreAltona Energy shares lift as company renews licences
10th Jul 2015 13:11
(ShareCast News) - Altona Energy shares rose after the Australian based firm said it renewed licences and partnered with a US firm. Shares in the firm were up 5.26% to 0.50p at 12:55 on Friday. Altona said the South Australian government had renewed three exploration licences at its Arckaringa Proj
Read moreAltona Energy says Arkaringa talks are progressing
15th Jun 2015 10:12
Altona Energy said on Monday that talks with its joint venture partners about amending the agreement for the development of the Arkaringa coal deposit to reflect a change in the project focus to underground coal gasification are progressing. The company said it hopes to be able to update the market
Read moreAltona Energy's CEO resigns, shares jump 22%
16th Apr 2015 15:00
Shares in Altona Energy jumped by nearly 22% after it announced an amendment of its joint venture with Sino-Aus Energy and Wintask. The joint venture agreement reached in November will be amended to reflect a bankable feasibility study into an underground coal gasification project, which will produc
Read moreAltona JV gains approval of Australian Foreign Investment Review Board
2nd Dec 2014 16:11
AIM-listed Altona Energy's recently incorporated Australian joint venture entity, Arckaringa Coal Chemical joint venture (JV), has been approved by the Australian Foreign Investment Review Board (FIRB). The FIRB's approval of the JV is one of the conditions needed to be met ahead of the transfer of
Read moreAltona takes over full ownership of Arckaringa project
19th Mar 2014 08:03
Altona Energy has taken over full control of the flagship Arckaringa coal project in South Australia after receiving the green light from the country's government. The Australian Government Foreign Investment Review Board has approved Altona's proposed take-over of joint venture partner CNOOC-NEIA'
Read moreAltona Energy secures two million-pound financing facility
15th Apr 2013 10:51
Altona Energy, the AIM-listed energy company, has entered into a two million-pound equity financing facility (EFF) with Darwin Strategic, a majority owned subsidiary of Henderson Global Investors' Volantis Capital. The EFF agreement with Darwin and Henderson Volantis provides Altona with a facilit
Read moreAltona Energy: 26m new shares to be admitted to AIM
11th Feb 2013 09:40
AIM-listed Australia-focused natural resources company Altona Energy has reported that 25.7m placing shares will be admitted to trading on AIM on Monday and 16.7m more are expected to be admitted on February 28th. Following the admission of the first tranche of 25.7m shares to trading, the compan
Read moreAltona Energy: 'Verbal approval' received for China mining project
6th Feb 2013 11:21
Local government representatives in China have given AIM-listed Altona Resources 'verbal approval for mining to proceed' in the Xinjiang autonomous region, a company update has reported. The news follows Altona's announcement on December 12th, that the timeline for the conversion of one of its coa
Read moreAltona Energy: Arckaringa drilling programme could commence in April
4th Feb 2013 11:05
AIM-listed Australia-focused natural resources company Altona Energy has provided an update on the tender and selection programme for a drilling programme at its Arckaringa programme in southern Australia. According to Altona Energy, the programme - which would involve the drilling of up to eight
Read moreResources round-up: Lenigas, Altona, Egdon Resources
5th Nov 2012 16:02
Oil explorer Lenigas continued its recent good run after its revealed it has sold its remaining minority in the US Gulf of Mexico. The company is receiving $1.25m for its interests in seven leases which, during 2011, earned £383,000 in revenue for the company and £204,000 in profits. The funds obta
Read moreResource round-up: Altona Energy, Edge Resources, Camco International
13th Aug 2012 09:20
Shares in Altona Energy rocketed over 17% after it announced regulatory approval for test drilling at its flagship Arckaringa project in South Australia. Executive Chairman Christopher Lambert said the firm had also achieved some important regulatory and community relations milestones as it worked t
Read more