Altona Resources Epic ANR is an excellent long term play for any investor, with excellent prospects for growth over the next few years.

Completion of pre feasibility study for coal to liquid (CTL) plant. Q1 2008.
Open cut coal mine bulk sampling at Wintinna to define 700 million tons coal to JORC standards.
MOU with South Australia's largest electricity producer to supply 4 million tons coal per annum for 25 years.
Extension of MOU with BP Australia, to evaluate power generation and CTL development.
7.8 billion tons of sub bitumous coal in situ.
Progress in a bankable feasibility study, to produce 10 million barrels CTL per year, with a 560 MW co-generation power facility, based in the 100% owned licence for the Arckaringa project in South Australia.
The 3 licences held by Altona are in the Permian Arckaringa Basin and are located close to rail and road links.

Project Base Case, 10million tons coal, CTL producing 10 million barrels of zero sulphur diesel fuel, and 560mw power for export pa.

Further losses this morning 4.30p - 0,25p

Not that I am happy about it, but investors have to note that the share price is moving up and down
on a range of 4p to 5p, so I AM TAKING ADVANTAGE OF THAT and take punts at lows and selling at High,
till one day will break UP most likley.

Do not forget that as a short term trader, if one goe with this ranges, then it is an easy way to make money

massive news out

Sp could double on this news !, but will it ?...market cap should increase by a lot now.

And for all those that took the p*** out of Master's tip a couple of mnths ago, seems they've been proved wrong again!

At last I have a smile on my boat this am ..

yep, good news at last...!

Will continue to hold for the longer term

BREAKOUT -- Price now 5.875p +1.475p

Binding Agreement signs with CNOOC-NEI for the Joint Venture Terms to develop
the Arckaringa Project

Overview
* Terms of the UEJV finalised and agreed with CNOOC-NEI to evaluate the Company's
estimated 7.8 billion tonne coal resource (based on non-JORC standards) in South
Australia
* Under the terms of the UEJV, a subsidiary of CNOOC-NEI will fund the bankable
feasibility study ('BFS') for the Arckaringa Project and will act as the
operator, not only to carry out the staged evaluation work under the BFS, but
also to take responsibility for assessing the full potential of the coal
resource and bringing projects to development, in return for a 51% interest in
Arckaringa Energy's exploration licences
* CNOOC-NEI's expertise, resources, and stature will be instrumental in moving the
Arckaringa Project forward. CNOOC-NEI's role as the operator in the study,
management and operation of the Arckaringa Project, in particular, will
accelerate its commercialisation
* Strategic partnership has been established between CNOOC-NEI and Altona by
signing the UEJV

This looks like it is about to go ballistic....

Yep! all looking good..I'm 55% up so far...will continue to hold..

Just to remind ourselves how good this could be here is the recent news issued 18th Dec....no timescales mentioned but impact could be huge !


Altona Energy anticipating significant value uplift
Business Financial Newswire
Australian-based Altona Energy believes that the recent milestone joint venture agreement with CNOOC New Energy Investment, a subsidiary of one of China's three largest state owned oil companies, to investigate developing the Company's 7.8 billion tonne coal resource should transform its fortunes.

Chairman Chris Lambert says: "The scale of this project is truly fantastic, and as a result we expect a significant value uplift in Altona as we develop the project in tandem with our partners."

Under the agreement, the Chinese partner has agreed to fund and manage a bankable feasibility study ('BFS') for a coal mine and an integrated value-added project, in return for a 51% interest in Altona's exploration licences.

In the event that CNOOC-NEI wishes to proceed to the development phase of a project prior to the finalisation of the BFS, they will be required to procure Altona's share of debt funding to develop the project.

Lambert adds: "The Company's current base case for the Arckaringa Project envisages an operation mining 10Mt of coal to produce 10mmbbl distillate per annum and 560MW of exportable power.

" South Australia also faces a shortage of base load power, fuel and water, both generally and especially for the mining sector, with the Arckaringa Project ideally located to help meet these needs.

"Once on stream, the Arckaringa Project would help make South Australia and the Northern Territories self sufficient in diesel fuel, particularly since the closure of the Port Stanvac refinery.

"Additionally the Arckaringa Project also has the potential for coal and liquids exports to China and other Asian destinations. "

share has move further up today and after some profit taking level 2 is improving again to 5 v 1 @ 12.25 / 12.75p

Yesterday's chart, posted at "UPS" thread.......

a 78.6% fibonacci retracement the share is bouncing from.

** Could some one explain to me the name of Alpha natural resourses,, which is being used here now,, instead of Altona Natural Resourses,, ??? with the latest reference to share by backs by the board,,,

The Golfer, Alpha is a different company, operating in USA and listed on NYSE: because it has the same symbol ANR news items will be picked up and inadvertently placed against Altona Energy. Confusing I know, there are other instances, such as AFC Energy on LSE, ticker AFC, which is sometimes confused with Arsenal Holdings, also AFC but is a Plus Markets listed company.

Kimolfield.,,,, cheers,,, does explain to me perfectly,,, tnxx again !!!

No problem TG.

The share is very hot since yesterday

Open very strong this morning and since good size buys are now appearing on a close spread 13.75 / 14p.

Back in last week....massive potential with cash rich chinese backing...

It's a pity they're not a bit more forthcoming with the RNS's.

Charging up again....all systems go !....

On the turning
Share price at lower Bollinger Band ( buy time ) and Indicators at oversold, more positive signs.