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BRIEF-Peninsula Energy expects to record certain impairment charges in second half

Published 31/08/2017, 08:45 am
© Reuters.  BRIEF-Peninsula Energy expects to record certain impairment charges in second half

Aug 31 (Reuters) - Peninsula Energy Ltd PEN.AX

* Currently reviewing carrying value of assets as part of preparation of financial statements for financial year ended 30 June 2017

* Expects to record an impairment charge of between approximately us$25 million and us$35 million in second half of 2017 financial year

* Expects to record impairment charge against capitalised exploration & evaluation costs of between us$5 million & us$8 million for fiscal 2017

* As respective impairments are non-cash items, they do not have any impact on cash flow or peninsula's existing operations

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