During the year ended 30 June 2024, the management of LPG Ltd has been analysing its engineering reports for a specific area of interest, which indicate that sample drilling has not resulted in any findings that confirm the existence of oil and gas in that area. As a result, LPG Ltd is reluctant to invest any further funds in exploring the area. An exploration and evaluation asset with a carrying value of \($1.8\) million exists in relation to that area as at 30 June 2024.

Required 

What is the possible impact of this decision on LPG Ltd’s financial statements as at 30 June 2024?