April 27 (Reuters) - Peninsula Energy Ltd PEN.AX :
* SUSPENDS FURTHER DEVELOPMENT OF KAROO PROJECTS
* DECISION TO SUSPEND FURTHER DEVELOPMENT OF KAROO PROJECT IS NOT EXPECTED TO MATERIALLY IMPACT COMPANY BALANCE SHEET FOR HY 2017
* CO IS PURSUING CONSENT FOR SALE OF FARMLAND HELD IN KAROO BASIN, PROCEEDS OF WHICH ARE EXPECTED TO COVER REHABILITATION OBLIGATIONS