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Appendix 5B Quarterly Report
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 and oil and gas exploration entity quarterly report
Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013
Name of entity
Firestone Energy Limited
ABN
Quarter ended (Òcurrent quarterÓ)
71 058 436 794
31 March 2014
Consolidated statement of cash flows
Cash flows related to operating activities
Current quarter
$AÕ000
Year to date (9.months)
$AÕ000
1.1
Receipts from product sales and related debtors
-
-
1.2
Payments for (a) exploration & evaluation
(b) development
(c) production
(d) administration
(89)
-
-
(118)
(321)
-
-
(840)
1.3
Dividends received
-
-
1.4
Interest and other items of a similar nature received
-
1
1.5
Interest and other costs of finance paid
-
(12)
1.6
Income taxes paid
-
-
1.7
Other (GST receipts)
2
85
Net Operating Cash Flows
(205)
(1,087)
Cash flows related to investing activities
1.8
Payment for purchases of:
(a) prospects
(b) equity investments
(c) other fixed assets
(14)
-
-
(181)
-
-
1.9
Proceeds from sale of:
(a) prospects
b) equity investments
(c) other fixed assets
-
-
1
-
-
1
1.10
Loans to other entities
(521)
(521)
1.11
Loans repaid by other entities
-
-
1.12
Other (provide details if material)
-
-
Net investing cash flows
(534)
(701)
1.13
Total operating and investing cash flows (carried forward)
(739)
(1,788)
1.13
Total operating and investing cash flows (brought forward)
(739)
(1,788)
Cash flows related to financing activities
1.14
Proceeds from issues of shares, options, etc.
-
-
1.15
Proceeds from sale of forfeited shares
-
-
1.16
Proceeds from borrowings
709
3,287
1.17
Repayment of borrowings
-
(1,851)
1.18
Dividends paid
-
-
1.19
Other (provide details if material)
-
-
Net financing cash flows
709
1,436
Net increase / (decrease) in cash held
(30)
(352)
1.20
Cash at beginning of quarter/year to date
76
398
1.21
Exchange rate adjustments to item 1.20
-
-
1.22
Cash at end of quarter
46
46
Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities
Current quarter
$A'000
1.23
Aggregate amount of payments to the parties included in item 1.2
28
1.24
Aggregate amount of loans to the parties included in item 1.10
1.25
Explanation necessary for an understanding of the transactions
Payment of directorsÕ fees
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
None
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
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available
$AÕ000
Amount used
$AÕ000
3.1
Loan facilities
3,149*
3,149
3.2
Credit standby arrangements
* The Company has in place a project funding loan with its major shareholder The Waterberg Coal Company Limited.
Estimated cash outflows for next quarter
$AÕ000
4.1
Exploration and evaluation
20
4.2
Development
-
4.3
Production
-
4.4
Administration
80
Total
100
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.
Current quarter
$AÕ000
Previous quarter
$AÕ000
5.1
Cash on hand and at bank
46
76
5.2
Deposits at call
-
-
5.3
Bank overdraft
-
-
5.4
Other (provide details)
-
-
Total: cash at end of quarter (item 1.22)
46
76
Changes in interests in mining tenements and petroleum tenements
Tenement reference and location
Nature of interest
(note (2))
Interest at beginning of quarter
Interest at end of quarter
6.1
Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed
Nil
6.2
Interests in mining tenements and petroleum tenements acquired or increased
Nil
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
Number quoted
Issue price per security (see note 3) (cents)
Amount paid up per security (see note 3) (cents)
7.1
Preference +securities (description)
Nil
Nil
7.2
Changes during quarter
(a) Increases through issues
(b) Decreases through returns of capital, buy-backs, redemptions
Nil
Nil
7.3
+Ordinary securities
3,549,698,723
3,549,698,723
Fully paid
7.4
Changes during quarter
(a) Increases through issues
(b) Decreases through returns of capital, buy-backs
7.5
+Convertible debt securities (description)
Ariona Company SA
BBY Nominees Pty Ltd
Unlisted Convertible
Notes
Con Note Ð $5million
Con Note Ð $22.145million
Conversion number into shares
200,000,000
885,800,000
Repayment dates
30 January 2017
30 January 2017
7.6
Changes during quarter
(a) Increases through issues
(b) Decreases through securities matured, converted
7.7
Options
FSEAI
FSEO
FSEAA
25,875,000
48,395,000
40,000,000
300,000,000
Nil
48,395,000
Nil
Nil
Exercise price
6.0 cents
4.0 cents
2.5 cents
2.5 cents
Expiry date
30 Jun 2014
31 May 2014
19 Sept 2014
31 Jan 2015
7.8
Issued during quarter
7.9
Exercised during quarter
7.10
Expired during quarter
7.11
Debentures
(totals only)
7.12
Unsecured 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 5).
2 This statement does give a true and fair view of the matters disclosed.
Sign here: ............................................................Date: 30 April 2014
Stephen Miller
Executive Director
Notes
1 The quarterly report provides a basis for informing the market how the entityÕs 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 ÒNature of interestÓ (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum 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 or petroleum 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 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting 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.
Johannesburg
30 April 2014
Sponsor
River Group
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