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FSE
FSE
FSE - Firestone Energy Limited - Appendix 5B
FIRESTONE ENERGY 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")
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
71 058 436 794
Quarter ended ("current quarter")
31 March 2011
Consolidated statement of cash flows
Current Year to date
Cash flows related to operating quarter (9 months)
activities $A`000 $A`000
1.1 Receipts from product sales - -
and related debtors
1.2 Payments for
(a) exploration & evaluation (1,032) (3,523)
(b) development - -
(c) production - -
(d) administration (398) (1,044)
1.3 Dividends received - -
1.4 Interest and other items of a
similar nature received 14 49
1.5 Interest and other costs of - (35)
finance paid
1.6 Income taxes paid - -
1.7 Other (during Quarter - refund 27 195
of Bond)
Net Operating Cash Flows (1,389) (4,358)
Cash flows related to
investing activities
1.8 Payment for purchases of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets (481) (2,713)
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)
Net investing cash flows (481) (2,713)
1.13 Total operating and investing (1,870) (7,071)
cash flows (carried forward)
Cash flows related to financing
activities
1.14 Proceeds from issues of shares, 2,200 6,900
options, etc.
1.15 Proceeds from sale of forfeited - -
shares
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - -
1.18 Capital raising costs (35) (35)
1.19 Other - Interest paid (593) (593)
Net financing cash flows 1,572 6,272
Net increase (decrease) in cash (298) (799)
held
1.20 Cash at beginning of 1,607 2,130
quarter/year to date
1.21 Exchange rate adjustments to (26) (48)
item 1.20
1.22 Cash at end of quarter 1,283 1,283
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 1,096
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
Directors fees (inc Exp reimbursements) - $64K.
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 - $1,032K
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 $25,000 $22,800
3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
$A`000
4.1 Exploration and evaluation 400
4.2 Development 5,600
4.3 Production
4.4 Administration 450
Total 6,450
Reconciliation of cash
Reconciliation of cash at the Current Previous
end of the quarter (as shown in quarter quarter
the consolidated statement of $A`000 $A`000
cash flows) to the related items
in the accounts is as follows.
5.1 Cash on hand and at bank 1,283 1,607
5.2 Deposits at call - -
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of 1,283 1,607
quarter (item 1.22)
Changes in interests in mining tenements
Tenement Nature of Interest Interest
reference interest at at end
(note (2)) beginning of
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 Issue price Amount paid up
number quoted per security per security
(see note 3) (see note 3)
(cents) (cents)
7.1 Preference Nil Nil
+securities
(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 2,627,028,0 2,627,028,020 Fully paid
FSE 20
7.4 Changes
during
quarter
(a) Increases 226,315,7 226,315,790 Fully Paid
through 90
issues
(b) Decreases
through
returns of
capital, buy-
backs
7.5 +Convertible
debt
securities
(description)
7.6 Changes during
quarter
(a) Increases 22 Nil $100,000 each $100,000 each
through issues
(b) Decreases
through (6) $100,000 each $100,000 each
securities
matured,
converted
7.7 Options Exercise price Expiry date
FSEAK 30,000,000 Nil 5 Cents 30 Nov 2012
FSEAM 111,000,000 Nil 6 Cents 31 May 2013
FSEAO 96,904,767 Nil 6 Cents 30 Jun 2013
FSEAI 25,875,000 Nil 6 Cents 30 Jun 2014
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 4).
2. This statement does /does not* (delete one) give a true and fair view of the
matters disclosed.
Date: 29 April 2011
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
3 May 2011
Sponsor
River Group
Date: 03/05/2011 07:34:01 Produced by the JSE SENS Department.
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