|
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 Quarter ended
("current quarter")
71 058 436 794 30 June 2011
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) (1,105) (4,628)
exploration & evaluation - -
(b) development - -
(c) production (357) (1,401)
(d) administration
1.3 Dividends received - -
1.4 Interest and other items of a
similar nature received 8 57
1.5 Interest and other costs of - (35)
finance paid
1.6 Income taxes paid - -
1.7 Other 20 215
Net Operating Cash Flows (1,434) (5,792)
Cash flows related to
investing activities
1.8 Payment for purchases of: - -
(a) prospects - -
(b) (113) (2,826)
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)
(113) (2,826)
Net investing cash flows
1.13 Total operating and investing (1,547) (8,618)
cash flows (carried forward)
1.13 Total operating and investing (1,547) (8,618)
cash flows (brought forward)
Cash flows related to financing
activities
1.14 Proceeds from issues of shares,
options, Convertible Notes etc. 3,603 10,503
1.15 Proceeds from sale of forfeited - -
shares
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - -
1.18 Capital raising costs (106) (141)
1.19 Other - Interest paid (1,318) (1,911)
Net financing cash flows 2,179 8,451
Net increase (decrease) in cash 632 (167)
held
1.20 Cash at beginning of 1,283 2,130
quarter/year to date
1.21 Exchange rate adjustments to (23) (71)
item 1.20
1.22 Cash at end of quarter 1,892 1,892
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
1Aggregate amount of payments to the parties 1,174
.included in item 1.2
2
3
1Aggregate amount of loans to the parties -
.included in item 1.10
2
4
1Explanation necessary for an understanding of the
.transactions
2
5
Directors fees (inc Exp reimbursements) - $69K.
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 - $1,105K
Non-cash financing and investing activities
2. Details of financing and investing transactions which
1 have had a material effect on consolidated assets and
liabilities but did not involve cash flows
N/A
2. Details of outlays made by other entities to establish
2 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 $24,700
(The holder of the
Convertible Notes has
converted A$3.4million to
equity as at 30 June 2011.
The outstanding
convertible note liability
for Firestone Energy as at
30 June 2011 is A$21.3
million)
3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
$A`000
4.1 Exploration and evaluation 1,070
4.2 Development -
4.3 Production -
4.4 Administration
400
Total 1,470
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 bank 1,892 1,283
5.2 Deposits at call - -
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of 1,892 1,283
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 Number Issue Amount paid
quoted price up per
per security
security (see note
(see 3) (cents)
note 3)
(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 2,781,314,361 2,781,314,361 Fully paid
FSE
7.4 Changes
during
quarter
(a) 154,286,341 154,286,341 Fully Paid
Increase
s
through
issues
(b)
Decrease
s
through
returns
of
capital,
buy-
backs
7.5 +Convertible debt
securities
(description)
7.6 Changes
during
quarter 19 Nil $100,000 $100,00
(a) each 0 each
Increases
through (14)
issues $100,000 $100,00
(b) each 0 each
Decreases
through
securities
matured,
converted
7.7 Options Exe Expiry date
FSEAK 30,000,000 Nil rci 30 Nov 2012
FSEAM 111,000,000 Nil se 31 May 2013
FSEAO 96,904,767 Nil pri 30 Jun 2013
FSEAI 25,875,000 Nil ce 30 Jun 2014
FSEO 42,382,500 42,382,500 5 31 May 2014
Cen
ts
6
Cen
ts
6
Cen
ts
6
Cen
ts
4
Cen
ts
7.8 Issued
during 42,382,500 42,382,500 4 31
quarter Cen May 2014
ts
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 July 2011
Company Secretary
Print name: 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
29 July 2011
Sponsor
River Group
Date: 29/07/2011 12:06:48 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.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
