Arckaringa Project

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The Arckaringa Project planned by Altona Energy plc comprises a coal mine with integrated coal-to-liquids and power co-generation in the Arckaringa Basin in northern South Australia.

Base case for the Final Feasibility Study for the project comprises:

• 10 million tonne pa open cut coal mine at Wintinna
• 10 million barrels pa(10 Mbarrels/yrinfo.png

  '10 Mbarrels/yr'

  
  
  Last calculated 71 weeks ago
  ) of ultra clean fuels, mainly diesel
• 560 MW of export electrical power.^[1]

The Arckaringa project is an Unincorporated Evaluation Joint Venture. The exploration licences for the Arckaringa Project are held 49% by Arckaringa Energy Pty Ltd, a wholly owned subsidiary of Altona Energy plc. The remaining 51% is held by CNOOC New Energy Investment Ltd.^[2]It is estimated that Altona's total exploration licences, which cover 2500km² in the northern portion of the Arckaringa Basin in South Australia, include 7.8 billion tonnes of coal (non-JORC standard) including 1.3 billion tonnes JORC compliant.

A February 2010 investor presentation by Altona Energy plc states that the resource is world scale and 'assuming 50:50 ratio of coal converted through existing technologies to liquid fuels and SNG (substitute natural gas)', the Arckaringa coal resources are about 28% of North Sea proven reserves^[3]

As at March 2010, Foreign Investment Review Board (FIRB) approval of the CNOOC-NEI investment in the joint venture is being sought so that the joint venture can take effect and work on the bankable feasibility study can begin.

A key step towards project deployment, on 21 April 2010, Arckaringa Energy Pty Ltd and CNOOC-NEIA formally signed the Arckaringa Unincorporated Evaluation Joint Venture^[4].

^[1]

Coordinates of this project: -27.900793°,134.81698°Latitude: 27°54′2.855″S
Longitude: 134°49′1.128″E

References

1. ↑ ^{1.0 1.1} Altona Energy plc 2009 annual report
2. ↑ Announcement to the London Stock Exchange, 18-11-2009
3. ↑ link title The Arckaringa Project: South Australia's Energy Bankslide 7
4. ↑ Altona Energy plc announcement to London Stock Exchange

second generation

'10 Mbarrels/yr'

2.75