Altona provides the following update on the tender and selection of the Drilling Services Provider at its Coals to Liquid (CTL) Arckaringa Project in South Australia.

CNOOC NEIA, the sole operator of the Arckaringa joint venture, has received bid documents from three of the five pre-qualified companies. CNOOC NEIA continues to evaluate the bids and is in the process of selecting the successful bidder.

Altona Energy awaits the outcome of CNOOC NEIA's internal selection process and anticipates that a presentation to the joint venture operating committee will be made in due course.

Tags: Altona Energy