🕐02.12.09 - 13:08 Uhr
Altona Energy - Invesco increases stake to 17.19%
Altona Energy Plc / Index: AIM / Epic: ANR / Sector: Exploration &
Production
2 December 2009
Altona Energy Plc (Altona or the Company)
Holdings in Company
Altona Energy Plc, the AIM listed Australian based energy company, was
informed on 2 December 2009 that Invesco Limited (Invesco) increased
its interest in Altona by way of an acquisition of 3,209,698 ordinary
shares in the Company.
Invesco is now interested in 63,691,834 ordinary
shares in Altona, representing 17.19% of the total issued share capital.
For further information visit www.altonaenergy.com
or please contact:
Christopher Lambert
Altona Chairman
Tel: +44 (0) 20 7024 8391
Christopher Schrape
Altona Managing Director
Tel: +44 (0) 20 7024 8391
Samantha Harrison
Ambrian Partners Limited
Tel: +44 (0) 20 7634 4705
Alexandra Carse
Ambrian Partners Limited
Tel: +44 (0) 20 7634 4705
Paul Youens
St Brides Media & Finance Ltd
Tel: +44 (0) 20 7236 1177
Hugo de Salis
St Brides Media & Finance Ltd
Tel: +44 (0) 20 7236 1177
Notes to Editors:
About Altona
Altona Energy Plc is an Australian based energy company that was
admitted to trading on AIM in March 2005.
Its primary focus to date has
been the completion of a bankable feasibility study for its wholly owned
Arckaringa Project for an integrated 10 million barrel per year Coal to
Liquid (CTL) plant with a 560 MW co-generation power facility.
The Company holds, through its wholly owned subsidiary Arckaringa Energy
Pty Ltd, a 100% interest in three exploration licences covering 2,500
sq.
kms in the northern portion of the Permian Arckaringa Basin in South
Australia.
These include three coal deposits, Westfield (EL3360),
Wintinna (EL3361) and Murloocoppie (EL3362).
All three lie close to the
Adelaide to Darwin railway and the Stuart Highway.
Containing more than
7.5 billion tonnes of coal (based on non-JORC standards), these coal
deposits are effectively one of the worlds largest undeveloped energy
banks, capable of conversion into clean liquid fuels, low cost power and
high value industrial feedstocks.
About Coal-to-Liquids (also see www.altonaenergy.com
)
CTL is a proven technology which converts coal into more environmentally
clean and manageable energy sources including gas and synthetic fuels.
The process involves two major stages, gasification to produce synthetic
gas ("Syngas") rich in hydrogen and carbon, and a liquefication stage
where the Syngas is reacted over a catalyst to produce high quality,
ultraclean synthetic fuels and chemical feedstocks.
CTL is a prime example of clean coal technology - the associated
combined cycle units produce negligible sulphur oxides, significantly
less nitrogen oxides and 10-20% less CO2 per unit of power generated
than a conventional coal fired plant, whilst carbon capture and storage
offers the potential to reduce the overall greenhouse gas emissions from
CTL to below the "well to wheel" level of fuels derived from crude oil.
The technology is best demonstrated in South Africa, where currently 30%
of the countrys gasoline and diesel fuel needs are met through CTL
plants.
Felicity Edwards
St Brides Media and Finance Ltd
Chaucer House
38 Bow Lane
London
EC4M 9AY
Tel: +44 (0) 207 236 1177
Mob: +44 (0) 7748 843871
Fax: +44 (0) 207 236 1188
Email:
Web: www.sbmf.co.uk
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