AAE agri energy limited

The Directors of diversified energy company Agri Energy Limited...

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    The Directors of diversified energy company Agri Energy Limited (ASX: AAE) (Agri or the Company) have
    been advised that operations on Itheria-1, the first exploration well being drilled on Block 9 Syria, have
    been suspended.
    As previously advised, AAE has only a very small interest in Block 9 Syria and the decision to suspend
    operations has no impact on AAE.
    Ongoing Oil & Gas Projects
    As previously announced, the Company has allocated part of its working capital budget to the
    identification and evaluation of new oil and gas investment opportunities. In this regard the Company is
    actively reviewing a number of potential acquisitions and farmins, primarily in Africa and the Middle
    East. No decision to invest in any of the projects currently being reviewed has been made at this stage.
 
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Currently unlisted public company.

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