Jan 30 (Reuters) - Protean Energy Ltd POW.AX :
* PROTEAN AND DSTCO LTD ARE CURRENTLY REVIEWING FUTURE STRATEGY FOR BOTH KOREA VANADIUM & KORID ENERGY LTD
* PROTEAN AND DST CO LTD HAVE MUTUALLY AGREED NOT TO PROCEED WITH ACQUISITION OF AN ADDITIONAL 10% OF KORID ENERGY LTD