Asia Energy PLC
06 October 2006
Asia Energy PLC ('the Company') has today requested that trading in its shares
is resumed on the AIM market.
On suspension of trading on AIM on 31 August 2006, the Company announced that it
was seeking to clarify the press reports relating to the development of the
Phulbari Coal Project ('Project').
The Company has received no notification from the Government of Bangladesh of
any changes to the terms of the Company's contract and the Directors do not
believe that there are any grounds for the contract to be terminated.
Progressing to the next stage of the Project remains conditional on the adoption
of the Government's proposed new Coal Policy and the Government granting
approval of the Scheme of Development for the Project.
The Company will further update the market as appropriate.
For further information:
Stephen Bywater - Chief Executive Cathy Malins/ Annabel Leather
Graham Taggart - Finance Director Parkgreen Communications
Asia Energy PLC Tel: 020 7493 3713
Tel: 020 7290 1630
Fax: 020 7290 1631
This information is provided by RNS
The company news service from the London Stock Exchange