Altona Energy is dedicated to creating shareholder value and wealth. It's mission is to develop profitable, value added projects from world scale energy resources, with a current focus firmly on the evaluation and development of the company’s huge coal resources in the Arckaringa Basin of South Australia.
The Company’s flagship Arckaringa Project ticks all the boxes as a major Australian development project for the 21st century.
Arckaringa is the right project at the right time for South Australia.
Altona listed on the AIM London Stock Exchange in March 2005. It has a strong management team with many years experience in investment, mining and the energy industry globally.
Through its wholly owned subsidiary Arckaringa Energy Pty Ltd, Altona holds a 49% interest in three exploration licences covering 2,500 sq. kms in the northern portion of the Permian Arckaringa Basin in South Australia including three coal deposits – Westfield (EL4511), Wintinna (EL4512) and Murloocoppie (EL4513). All three deposits lie close to the Adelaide to Darwin railroad and the Stuart Highway.
The company’s chief aim is to commercialise the Arckaringa coal-to-liquids
and power project. Altona has forged a Joint Venture with CNOOC
New Energy Investment Co., Ltd., a subsidiary of the China National
Offshore Oil Corporation (CNOOC), to complete the Project Bankable Feasibility
Study and expedite the project's development.
“Energy security is absolutely critical to Australia’s economic prosperity and I believe coal-to-liquids and gas-to liquids will play a major role in Australia’s energy future.”