Altona Rsources Plc www.AltonaResources.com
a AIM listed Australian based energy company (LON: ANR) signed a memorandum of Understanding with CNOOC. This is a small company near Adelaide; the deposits are near the Darwin railroad and the Stuart Highway.
The MOU provides the basis for CNOOC Energy and Altona to build a long-term co-operative relationship towards the development of the Company’s 10 million barrel per year coal-to-liquids (‘CTL’) and 560 MW power co-generation Arckaringa Project in South Australia.
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