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Mining exploration entity and oil and gas exploration entity 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
FSE01 Ð ISIN: AU00000FSE02
(SA company registration number 2008/023973/10)
("FSE" or "the Company")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 (current quarter)
71 058 436 794
31 December 2015
Consolidated statement of cash flows
Cash flows related to operating activities
Current quarter
Year to date (6.months)
1.1
Receipts from product sales and related debtors
-
-
1.2
Payments for(a) exploration & evaluation
(b) development
(c) production
(d) administration
-
-
-
(399)
-
-
-
(466)
1.3
Dividends received
-
-
1.4
Interest and other items of a similar nature received
-
-
1.5
Interest and other costs of finance paid
(129)
(198)
1.6
Income taxes paid
-
-
1.7
Other Ð GST and VAT receipts
29
104
Net Operating Cash Flows
(499)
(560)
Cash flows related to investing activities
1.8
Payment for purchases of:
(a) prospects
(b) 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
(326)
(487)
1.11
Loans repaid by other entities
-
-
1.12
Other Ð refund of rehabilitation bond
1,111
1,111
Net investing cash flows
785
624
1.13
Total operating and investing cash flows (carried forward)
286
64
1.13
Total operating and investing cash flows (brought forward)
286
64
Cash flows related to financing activities
1.14
Proceeds from issues of shares, options, convertible notes, etc.
358
358
1.15
Proceeds from sale of forfeited shares
-
-
1.16
Proceeds from borrowings
-
334
1.17
Repayment of borrowings
(523)
(560)
1.18
Dividends paid
-
-
1.19
Other Ð share subscription proceeds received in advance
(307)
-
Net financing cash flows
(472)
132
Net increase / (decrease) in cash held
(186)
196
1.20
Cash at beginning of quarter/year to date
388
6
1.21
Exchange rate adjustments to item 1.20
(1)
(1)
1.22
Cash at end of quarter
201
201
Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities
Current quarter
1.23
Aggregate amount of payments to the parties included in item 1.2
105
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 directorsÕ fees,Õ consulting fees, office occupancy and associated admin costs
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
Amount used
3.1
Loan facilities
6,555*
4,081
3.2
Credit standby arrangements
* The Company has in place a project funding loan with its major shareholder The Waterberg Coal Company Limited (A$6m) and also had bridging finance (A$425k), loans from a director-related entity (A$22k) and other loans (A$108k).
Estimated cash outflows for next quarter
4.1
Exploration and evaluation
100
4.2
Development
-
4.3
Production
-
4.4
Administration
200
Total
300
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
Previous quarter
5.1
Cash on hand and at bank
201
388
5.2
Deposits at call
-
-
5.3
Bank overdraft
-
-
5.4
Other (provide details)
-
-
Total: cash at end of quarter (item 1.22)
201
388
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
3,586,540,881
3,586,540,881
Fully paid
7.4
Changes during quarter
(a) Increases through issues
(b) Decreases through returns of capital, buy-backs
36,842,158
36,842,158
1.0
Fully paid
7.5
+Convertible debt securities (description)
Ariona Company SA
BBY Nominees Pty Ltd
Four Oaks Credit Fund Limited
Unlisted Convertible
Notes
Con Note Ð A$5million
Con Note Ð A$22.145million
Con Note Ð US$2.7million
Conversion number into shares
200,000,000
885,800,000
475,971,429
Repayment dates
30 January 2017
30 January 2017
30 June 2016
7.6
Changes during quarter
(a) Increases through issues
(b) Decreases through securities matured, converted
Unlisted Convertible
Notes
Conversion number into shares
Repayment dates
7.7
Options
Total number
2,000,000
Number quoted
-
Exercise price
0.01
Expiry date
30 April 2017
7.8
Issued during quarter
2,000,000
-
0.01
30 April 2017
7.9
Exercised during quarter
7.10
Expired during quarter
7.11
Debentures
(totals only)
7.12
Unsecured notes (totals only)
Compliance statement
1This 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).
2This statement does give a true and fair view of the matters disclosed.
Sign here: ........ Date: 21 January 2016
Lee Boyd
Company Secretary
Notes
1The 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.
2The Nature of interest (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.
3Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.
4The 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.
5Accounting 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.
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Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
+ See chapter 19 for defined terms.
Appendix 5B Page 601/05/2013
+ See chapter 19 for defined terms.
01/05/2013Appendix 5B Page 1
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