6th Nov 2007 07:00
Altona Resources PLC06 November 2007 Altona Resources Plc / Index: AIM / Epic: ANR / Sector: Exploration & Production 6th November 2007 Altona Resources Plc ("Altona" or "the Company") Appointment of Bell Potter Australia Altona Resources plc, the Australian based energy company, has appointed leadingAustralian stockbroker and financial advisory firm Bell Potter SecuritiesLimited ("Bell Potter") as its Australian financial adviser. Bell Potter willadvise the Company in respect to the institutional and retail investor market inAustralia, where Altona is receiving increasing media profile and investorinterest. Bell Potter is one of Australia's largest national, full-service broking andadvisory firms. Australian owned and managed, Bell Potter is focussed on theAustralian market and has one of the largest retail distribution networks in thecountry. Bell Potter's research coverage includes emerging and small to mid capcompanies. Altona has recently announced a series of updates regarding the continuingfeasibility study at its wholly owned Arckaringa Energy Project in SouthAustralia, including the successful establishment of key governmental andcommercial relationships, which have attracted significant interest in theAustralian media. Chairman of Altona, Mr. Chris Lambert commented, "The interest we have receivedfrom the Australian media has significantly elevated the profile of Altona, andwe look forward to working with Bell Potter to promote the Company to theAustralian market, which is seen as having a strong understanding for the SouthAustralian story and investing in large domestic resource projects. "As we put the building blocks into place at Altona and continue to establishand build key relationships, both commercially and with key government bodies,the country has certainly begun to take on board the benefits that a promisingproject of this size can offer Australia." **ENDS** For further information visit www.altonaresources.com or please contact: Christopher Lambert Chairman +44 (0) 207 024 8391Christopher Schrape Managing Director +61 (0) 417 984 434Hugh Oram Nabarro Wells & Co Limited +44 (0) 207 710 7400Alastair Stratton Matrix Corporate Capital LLP +44 (0) 207 925 3300Hugo de Salis St Brides Media & Finance +44 (0) 207 242 4477 Notes to Editors: About Altona Altona Resources Plc is an Australian based energy Company that was admitted totrading on the AIM market of the London Stock Exchange in March 2005. Altona'sprimary focus is the completion of a bankable feasibility study for its whollyowned Arckaringa Project for an integrated 10 million barrel per year Coal toLiquid ('CTL') plant with a 560 MW co-generation power facility. The Company holds, through its wholly owned subsidiary Arckaringa Energy PtyLtd, a 100% interest in three exploration licences covering 2,500 sq. kms in thenorthern portion of the Permian Arckaringa Basin in South Australia. Theseinclude three coal deposits, Westfield (EL3360), Wintinna (EL3361) andMurloocoppie (EL3362). All three lie close to the Adelaide to Darwin railwayand the Stuart Highway. Containing more than 7.5 billion tonnes of coal (basedon previous JORC equivalent standards of the time) these coal deposits areeffectively one of the world's largest undeveloped energy banks, capable ofconversion into clean liquid fuels, low cost power and high value industrialfeedstocks. About Coal-to-Liquids (also see www.altonaresources.com) CTL is a proven technology which converts coal into more environmentally cleanand manageable energy sources including gas and synthetic fuels. The processinvolves two major stages, gasification to produce synthetic gas ("Syngas") richin hydrogen and carbon, and a liquefication stage where the Syngas is reactedover a catalyst to produce high quality, ultraclean synthetic fuels and chemicalfeedstocks. CTL is a prime example of clean coal technology - the associated combined cycleunits produce negligible sulphur oxides, significantly less nitrogen oxides and10 - 20% less CO2 per unit of power generated than a conventional coal firedplant, whilst carbon capture and storage offers the potential to reduce theoverall greenhouse gas emissions from CTL to below the "well to wheel" level offuels derived from crude oil. The technology is best demonstrated in South Africa, where currently 30% of thecountry's gasoline and diesel fuel needs are met through CTL plants. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Altona Energy