gpe announcement share valuation - 37c
Aegis Equities Research releases independent valuation report As mentioned in the Chairman’s letter dated 17 May 2004, Green Pacific Energy (GPE) is pleased to announce that the independent research report conducted by Aegis Equities Research is now completed and available on their website www.aer.com.au. The valuation report however does not include any value associated with GPE’s intellectual property relating to the process of converting green waste to energy using Fluidised Bed Combustion (FBC) technology. As this process is new and unique to GPE, it will take a longer time frame to assess. The valuation report also does not include any potential value derived from carbon credit benefits. This will be reviewed in the coming months as the Federal regulatory framework with regards to carbon credit creation is clarified. -ENDSFurther information: Media: David McGrath (02) 9566 0216 or 0410 770 569 (m) Corporate: Edwin Yeung, Corporate Secretary Peter Gan, Managing Director Phone: 02 92023000 Or visit our website www.greenpacific.com.au
