To view the PDF file, sign up for a MySharenet subscription.

FSE - Firestone Energy Limited - Appendix 5B

Release Date: 30/04/2012 09:00
Code(s): FSE
Wrap Text

FSE - Firestone Energy Limited - Appendix 5B FIRESTONE ENERGY LIMITED (Incorporated in Australia) (Registration number ABN 058 436 794) Share code on the JSE Limited: FSE Share code on the ASX: FSE ISIN: AU000000FSE6 (SA company registration number 2008/023973/10) ("FSE" or "the Company") Appendix 5B Mining exploration entity quarterly report Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10. Name of entity Firestone Energy Limited ABN Quarter ended ("current quarter") 71 058 436 794 31 March 2012 Consolidated statement of cash flows Current Year to date
Cash flows related to operating quarter $A`000 activities $A`000 1.1 Receipts from product sales - and related debtors 1.2 Payments for (a) (207) (707) exploration & evaluation - - (b) development - - (c) production (326) (1,126) (d) administration 1.3 Dividends received - -
1.4 Interest and other items of a similar nature received 2 30 1.5 Interest and other costs of - - finance paid 1.6 Income taxes paid - - 1.7 Other - 68 (531) (1,735) Net Operating Cash Flows Cash flows related to investing activities 1.8 Payment for purchases of: - (418) (a) prospects - - (b) (36) (1,926) equity investments (c)
other fixed assets 1.9 Proceeds from sale of: (a) - - prospects - - (b) - -
equity investments (c) other fixed assets 1.10 Loans to other entities - - 1.11 Loans repaid by other - - entities 1.12 Other (provide details if - - material) (36) (2,346) Net investing cash flows 1.13 Total operating and (567) (4,081) investing cash flows (carried forward) Cash flows related to financing activities 1.14 Proceeds from issues of - 2,030 shares, options, Convertible Notes etc. 1.15 Proceeds from sale of - - forfeited shares 1.16 Proceeds from borrowings - 719 1.17 Repayment of borrowings - - 1.18 Capital raising costs - (90) 1.19 Other - Interest paid - (173) Net financing cash flows - 2,486 Net increase (decrease) in (567) (1,595) cash held 1.20 Cash at beginning of 883 1,892 quarter/year to date 1.21 Exchange rate adjustments to (7) 12 item 1.20 Gain / (Loss) 1.22 Cash at end of quarter 309 309 Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities Current quarter
$A`000 1.23 Aggregate amount of payments to the 243K parties included in item 1.2 1.24 Aggregate amount of loans to the - parties included in item 1.10
1.25 Explanation necessary for an understanding of the transactions Payments to wholly owned subsidiary, Lexshell Pty Limited, of which amounts are paid to third parties to make payments on behalf of Firestone Energy pursuant to its JV agreement with Sekoko Resources - $243K Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows N/A 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest N/A
Financing facilities available Add notes as necessary for an understanding of the position. Amount Amount used available $A`000 $A`000
3.1 Loan facilities $2,200 Nil The Company has in place a further financing facility (convertible notes) with its existing convertible noteholders.
3.2 Credit standby - - arrangements Estimated cash outflows for next quarter $A`000 4.1 Exploration and evaluation 200 4.2 Development - 4.3 Production - 4.4 Administration 300 500 Total Reconciliation of cash Reconciliation of cash at the Current Previous end of the quarter (as shown quarter quarter in the consolidated statement $A`000 $A`000 of cash flows) to the related items in the accounts is as follows. 5.1 Cash on hand and at 56 110 bank 5.2 Deposits at call 253 773 5.3 Bank overdraft - - 5.4 Other (provide details) - - Total: cash at end of 309 883 quarter (item 1.22) Changes in interests in mining tenements Teneme Nature of Intere Intere nt interest st at st at
refere (note (2)) beginn end of nce ing of quarte quarte r r
6.1 Interests Nil in mining tenements relinquishe d, reduced or lapsed 6.2 Interests Nil in mining tenements acquired or increased Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates. Total Number Issue Amount paid number quoted price per up per security security
(see note (see note 3) (cents) 3) (cents) 7.1 Prefere Nil Nil nce +securi ties (descri ption) 7.2 Changes Nil Nil during quarter (a) Increas es through issues (b) Decreas es through returns of capital , buy- backs, redempt ions 7.3 +Ordina ry 3,113,878 3,113,878 Fully paid securit ,641 ,641 ies FSE 7.4 Changes during quarter 155,202,8 155,202,8 (a) 57 57 Increas es through issues (b) Decreas es through returns of capital , buy- backs 7.5 +Conver tible debt securit ies (descri ption) 7.6 Changes during quarter (a) Increas es through issues (b) Decreas es through securit ies matured , convert ed 7.7 Options Exercise Expiry date FSEAK 30,000,00 Nil price 30 Nov 2012 FSEAM 0 Nil 5 Cents 31 May 2013 FSEAO 111,000,0 Nil 6 Cents 30 Jun 2013 FSEAI 00 Nil 6 Cents 30 Jun 2014 FSEO 96,904,76 42,382,50 6 Cents 31 May 2014 7 0 4 Cents 25,875,00 0 42,382,50
0 7.8 Issued during 42,382,50 42,382,50 4 Cents 31 quarter 0 0 May 2014 7.9 Exercis ed during quarter 7.10 Expired during quarter 7.11 Debentu res (totals only) 7.12 Unsecur ed notes (totals only) Compliance statement 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4). 2 This statement does give a true and fair view of the matters disclosed. 30 April 2012 Company Secretary Mr Jerry Monzu Notes 1 The quarterly report provides a basis for informing the market how the entity`s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report. 2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2. 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report. 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with. Pretoria Sponsor River Group Date: 30/04/2012 09:00:34 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story