AAE agri energy limited

hi treesthis is a company update...

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    hi trees

    this is a company update 9/3

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    Agri Energy Limited
    ABN 83 061 375 442
    PO Box 637, West Perth 6872, Western Australia
    ABN 83 061 375 442
    Level 1
    33 Ord Street Telephone: + 61 8 9420 9300
    West Perth, Western Australia 6005 Facsimile: + 61 8 9481 2690
    Australia
    9 March 2010
    Company Announcements Office
    ASX Limited By e-Lodgement
    Dear Sir / Madam
    In its Prospectus lodged on 24 November 2009, Agri Energy advised that it intended to review, evaluate
    and develop its Australian Ethanol Business. To assist in this process, Agri Energy has commissioned the
    Biofuels Association of Australia to provide a Report on the current status of the fast evolving Biofuels
    Industry in Australia. The Report will address a broad range of factors and the manner in which they
    impact upon Agri Energy?s development of its Australian Ethanol Business, including Government policy
    settings and State fuel ethanol mandates; capacity, production and use of fuel ethanol; feedstocks;
    pricing; fuel quality standards; future fuel supply and consumer acceptance.
    Agri Energy expects to receive the Report by May 2010 and will announce its principle findings.
    In addition to developing its Australian Ethanol Business, Agri Energy continues to pursue new projects in
    the energy and resources sectors by way of acquisition or investment. The Company has reviewed a
    number of potential projects in both the energy and resources sectors since relisting on 1 February 2010.
    No decision to acquire or invest has been made and the process is continuing as opportunities arise.
    Yours faithfully
    Pat Burke
    Director
 
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