GCM Resources Regulatory News (GCM)

31 Aug 2006 15:21

Asia Energy PLC31 August 2006 Announcement for Immediate Release Asia Energy PLC ("the Company") became aware this morning of press reportsquoting a junior minister in Bangladesh stating that the Bangladesh Governmentis cancelling all existing agreements with Asia Energy. The Company had notreceived any communication from the Government to this effect. In view of thisthe shares of Asia Energy were suspended from trading on the AIM Market at 08:40hrs (BST) this morning. The Company is seeking to clarify the reported remarks of that minister and todetermine the Government's position towards the Phulbari Project. The shares of the Company will remain suspended from trading pending a furtherannouncement. The Company will keep the market informed of developments. This information is provided by RNS The company news service from the London Stock Exchange