Alto Energy Announces Merger with Lach Drummond Resources and Lists on ASX

abnnewswire.net | February 2, 2006| | Copyright

One of Australia's early movers into the lucrative US shale gas market, Alto Energy (ASX: AOI) today announced it had completed its merger with Lach Drummond Resources Limited (ASX: LDR) and will begin trading today on the Australian Stock Exchange under the code AOI.

Alto Energy remains one of the only Australian companies in the US Appalachian Basin with approximately 70,000 gross acres over four main project areas across Kentucky, Tennessee and West Virginia.

Alto Managing Director Mr Greg Channon said that the merger with LDR had been overwhelmingly supported by shareholders of both ...

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