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BRIEF-Energy Resources Of Australia provides strategic review outcome of businesses

Published 04/05/2016, 08:49 am
Updated 04/05/2016, 08:50 am
© Reuters.  BRIEF-Energy Resources Of Australia provides strategic review outcome of businesses
ERA
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May 3 (Reuters) - Energy Resources Of Australia Ltd ERA.AX :

* Strategic review outcomes ERA.AX

* ERA will maintain its dialogue with all stakeholders to ensure it continues

to understand perspectives in relation to authority extension

* Ranger 3 Deeps would be expected to provide around ten years of additional

production at Ranger

* Option to develop the Ranger 3 Deeps project in the future will be preserved

* Option to develop Ranger 3 Deeps project in future will be preserved at a

cost of approximately $4 million per year

* Says no further expenditure has been authorised on Ranger 3 Deeps as an

outcome to the review

Source text for Eikon ID:nASXb1DtgV

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