AGL sells interests in Cooper Basin Permits 

06 December 2011

AGL Energy Limited (AGL) has signed an agreement to sell certain of its interests in the Cooper Basin, South Australia to Acer Energy Limited (formerly Innamincka Petroleum) for $6 million.

AGL acquired its interest in the permits in 2009 (from Acer Energy Limited) and carried out a CSG exploration program. Acer Energy Limited is the current operator.

For further details refer to ACER ASX release:
http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=ACN#headlines

Further inquiries:
Nathan Vass, Head of Corporate Communications Direct: + 61 2 9921 2264 Mobile: + 61 (0) 405 040 133 e-mail:  nvass@agl.com.au	Karen Winsbury, Media Manager Direct: +61 3 8633 6388 Mobile: +61 (0) 408 465 479 e-mail:  kwinsbury@agl.com.au

About AGL
AGL is one of Australia's leading integrated renewable energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on over 170 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is Australia's largest private owner and operator of renewable energy assets and is looking to further expand this position by exploring a suite of low emission and renewable energy generation development opportunities.