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FSE
FSE
FSE - Firestone Energy Limited - Mining Exploration Entity Quarterly Report
FIRESTONE ENERGY LIMITED
(formerly Centralian Minerals Limited)
(Registration number: ABN 058 436 794)
(SA company registration number: 200/023973/10
Share code on the JSE: FSE
Share code on the ASX: FSE
ISIN: AU000000FSE6
("FSE" or "the Company")
Mining exploration entity quarterly report
Introduced 1/7/96.Origin: Appendix 8.Amended 1/7/97, 1/7/98,
30/9/2001.
Name of entity
Firestone Energy Limited
ABN Quarter ended
("current quarter")
71 058 436 794 30 June 2009
Consolidated statement of cash flows
Current Year to
Cash flows related to operating quarter date
activities $A`000 (12 months)
$A`000
1.1 Receipts from product sales and
related debtors - -
1.2 Payments for (a) exploration and
evaluation - -
(b) development - -
(c) production - -
(d) administration (284) (976)
1.3 Dividends received - -
1.4 Interest and other items of a similar
nature received 3 56
1.5 Interest and other costs of finance
paid - (14)
1.6 Income taxes paid - -
1.7 Other (provide details if material) - -
Net Operating Cash Flows (281) (934)
Cash flows related to investing
activities
1.8 Payment for purchases of:
(a)prospects (294) (4,105)
(b)equity investments - -
(c) other fixed assets - (21)
1.9 Proceeds from sale of:
(a)prospects - -
(b)equity investments - -
(c)other fixed assets - 58
1.10 Loans to other entities - -
Loans repaid by other entities - 105
1.11
1.12 Other - -
Net investing cash flows (294) (3,963)
1.13 Total operating and investing cash flows
(carried forward) (575) (4,897)
1.13 Total operating and investing cash flows
(brought forward) (575) (4,897)
Cash flows related to financing
activities
1.14 Proceeds from issues of shares, options,
etc. 2,095 4,007
1.15 Proceeds from sale of forfeited shares - -
1.16 Proceeds from borrowings 300 600
1.17 Repayment of borrowings - -
1.18 Other- share issue expenses - -
1.19 Other - -
Net financing cash flows 2,395 4,607
Net increase (decrease) in cash held 1,820 (290)
1.20 Cash at beginning of quarter/year to date 58 2,170
1.21 Exchange rate adjustments to item 1.20 (7) (9)
1.22 Cash at end of quarter 1,871 1,871
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
Aggregate amount of payments to the parties
1.23 included in item 1.2 50
Aggregate amount of loans to the parties -
1.24 included in item 1.10
1.25 Explanation necessary for an understanding of the
transactions
Directors, consulting, company secretarial and accounting
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
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 - -
3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
$A`000
4.1 Exploration and evaluation -
4.2 Development -
Total -
Reconciliation of cash
Reconciliation of cash at the end Current Previous
of the quarter (as shown in the quarter quarter
consolidated statement of cash $A`000 $A`000
flows) to the related items in the
accounts is as follows.
5.1 Cash on hand and at bank 368 58
5.2 Deposits at call 1,503 -
5.3 Bank overdraft - -
5.4 Other - -
Total: cash at end of quarter 1,871 58
(item 1.22)
Changes in interests in mining tenements
Tenement Nature of Interest at Interest
reference interest beginning at end of
(note (2)) of quarter quarter
6.1 Interests in Nil
mining
tenements
relinquished,
reduced or
lapsed
6.2 Interests in Nil
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 Number quoted Issue price Amount paid
per security up per
(see note 3) security
(cents) (see note 3)
(cents)
7.1 Preference
+securities Nil Nil
(description)
7.2 Changes
during Nil Nil
quarter
(a) Increases
through
issues
(b) Decreases
through
returns of
capital, buy-
backs,
redemptions
7.3 +Ordinary
securities 1,354,951,295 1,354,951,295 Fully Paid
FSE
7.4 Changes
during
quarter 2,500,000 2,500,000 1 cent 1 cent
(a) Increases 51,750,000 51,750,000 4 cents 4 cents
through -
issues - n/a n/a
(b) Decreases
through
returns of
capital, buy-
backs
7.5 +Convertible 500,000 - $1.00 $1.00
debt
securities1
FSEAQ
7.6 Changes
during
quarter 500,000 - $1.00 $1.00
(a) Increases
through
issues
(b) Decreases
through
securities
matured,
converted
7.7 Options Exercise Expiry
FSEAK 30,000,000 Nil Price 30 Nov 12
FSEAM 110,000,000 Nil 5 cents 31 May 13
FSEAO 96,904,767 Nil 6 cents 30 Jun 13
FSEAI 25,875,000 Nil 6 cents 30 Jun 14
6 cents
7.8 Issued during 25,875,000 Nil 6 cents 30 Jun 14
quarter -
FSEAI
7.9 Exercised 2,500,000 - 1 cent -
during
quarter FSEAI
7.10 Expired - - - -
during
quarter
7.11 Debentures - -
(totals only)
Note 1 - maturity date 18 March 2011 and interest at 15%. Convertible at greater
of 80% of the 14 day VWAP prior to conversion and 1 cent per share. Secured by
negative pledge and fixed and floating charge over the assets of the company.
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.
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.
For further information please contact:
Mr. Garth Higgo
Chief Executive Officer
Tel: +61 8 9381 2755
Fax: +61 8 9381 4799
Email: enquiries@firestoneenergy.net
Pretoria
31 July 2009
Sponsor
River Group
Date: 31/07/2009 08:30:51 Produced by the JSE SENS Department.
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