Arckaringa Basin Coal to Liquid project in South Australia has released it’s interim results lodged in London yesterday.

Altona Energy is seeking South Australian Government approval for the return of China National Offshore Oil Corporation (CNOOC) 51% interest to Altona before any approvals on its new drilling program applications can be secured.

Michael Zheng, Chairman of Altona Energy said, “This year we had entered into a MOU with Sino-Aus Energy Group Limited (Sino-Aus Energy) and Wintask for them to make a potential 300 million RMB (approximately £30million) investment into the project.”

“This investment remains subject to due diligence and we look forward to updating investors further in due course.” See ANR Full Interim Results