WASHINGTON -- Researchers anticipate that asteroid 2011 AG5, discovered in January 2011, will fly safely past and not impact Earth in 2040.

Current findings and analysis data were reported at a May 29 workshop at NASA's Goddard Space Flight Center in Greenbelt, Md., attended by scientists and engineers from around the world. Discussions focused on observations of potentially hazardous asteroids (PHAs).

Observations to date indicate there is a slight chance that AG5 could impact Earth in 2040. Attendees expressed confidence that in the next four years, analysis of space and ground-based observations will show the likelihood of 2011 AG5 missing Earth to be greater than 99 percent.

Source: http://www.nasa.gov/mission_pages/asteroids/news/asteroid20120615.html