12 September 2005
Response to ASX Query
Green Pacific Energy Ltd (GPE) would like to clarify point 3 in the letter released to
the market earlier today responding to the queries raised by ASX.
The preliminary results of GPE, which is currently being audited, indicates that it is
possible that the operating loss before abnormal items and income tax for the second
half of the financial year ended 30 June 2005 would vary from the first half of the
financial year ended 30 June 2005 by more than 15%. The change is estimated to be
between 80% to 90%. The main reason for the variation is that all the provision for
impairment of assets in accordance with Australian equivalents to International
Financial Reporting Standards (IFRSs) were taken up in the second half of the
financial year ended 30 June 2005. The impairment of assets is currently estimated
to be around $2.7 million.
-ENDSFurther
information:
Corporate:
Edwin Yeung, Corporate Secretary
Phone: 02 92023000
Or visit our website
www.greenpacific.com.au
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