Sept 17 (Reuters) - Peninsula Energy Ltd PEN.AX :
* PENINSULA EXPECTS TO RECOGNISE AN IMPAIRMENT EXPENSE OF BETWEEN US$20 MILLION AND US$30 MILLION IN 2019 FINANCIAL YEAR.
* IMPAIRMENT IS A RESULT OF MARKET CAPITALISATION OF COMPANY OVER PAST 18 MONTHS BEING BELOW CARRYING VALUE OF LANCE PROJECTS CGU.
* IMPAIRMENT EXPENSE IS A NON-CASH ITEM, DOES NOT AFFECT COMPANY'S CASH POSITION OR OPERATIONS