Altona Energy

Through its wholly owned subsidiary Arckaringa Energy Pty Ltd, Altona holds a 100% 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.

The company's flagship project, the Arckaringa is a joint venture that plans to develop a coal mine in the Arckaringa Basin of South Australia and then process the coal on site to produce methanol. The partnership includes Altona Energy, Wintask Group and Sino-Aus Energy Group. Altona Energy will retain its position as operator of the project with a 45 percent shareholding, SinoAus will also have a 45 percent shareholding and Wintask will hold a 10 percent interest in the project.