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FSE
FSE
FSE - Firestone Energy Limited - Appendix 5B
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 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 31 December 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) exploration (181) (500)
& evaluation - -
(b) development - -
(c) production (400) (800)
(d) administration
1.3 Dividends received - -
1.4 Interest and other items of a
similar nature received 13 28
1.5 Interest and other costs of - -
finance paid
1.6 Income taxes paid - -
1.7 Other 21 68
(547) (1,204)
Net Operating Cash Flows
Cash flows related to investing
activities
1.8 Payment for purchases of: (418) (418)
(a) prospects - -
(b) (375) (1,892)
equity investments
(c)
other fixed assets
1.9 Proceeds from sale of: (a) - -
prospects - -
(b) - -
equity investments
(c)
other fixed assets
1.1 Loans to other entities - -
0
1.1 Loans repaid by other entities - -
1
1.1 Other (provide details if - -
2 material)
(793) (2,310)
Net investing cash flows
1.1 Total operating and investing (1,340) (3,514)
3 cash flows (carried forward)
1.13 Total operating and investing (1,340) (3,514)
cash flows (brought forward)
Cash flows related to financing
activities
1.14 Proceeds from issues of shares, - 2,030
options, Convertible Notes etc.
1.15 Proceeds from sale of forfeited - -
shares
1.16 Proceeds from borrowings 146 719
1.17 Repayment of borrowings - -
1.18 Capital raising costs - (90)
1.19 Other - Interest paid (173) (173)
Net financing cash flows (27) 2,486
Net increase (decrease) in cash (1,367) (1,028)
held
1.20 Cash at beginning of 2,239 1,892
quarter/year to date
1.21 Exchange rate adjustments to 11 19
item 1.20
1.22 Cash at end of quarter 883 883
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
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) - $78K.
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 - $973K
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 available Amount used
$A`000 $A`000
3.1 Loan facilities $25,000 $25,000
(The holder of the
Convertible Notes has
converted A$3.7million to
equity as at 31 Dec 2011. The
outstanding convertible note
liability for Firestone
Energy as at 30 Sept 2011 is
A$21.0 million)
3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
$A`000
4.1 Exploration and evaluation -
4.2 Development -
4.3 Production -
4.4 Administration 390
390
Total
Reconciliation of cash
Reconciliation of cash at the end of Current Previous quarter
the quarter (as shown in the quarter $A`000
consolidated statement of cash flows) $A`000
to the related items in the accounts
is as follows.
5.1 Cash on hand and at bank 110 318
5.2 Deposits at call 773 1,921
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of quarter 883 2,239
(item 1.22)
Changes in interests in mining tenements
Teneme Nature of Interest Interest at end
nt interest at of quarter
refere (note (2)) beginning
nce of 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
number quoted per security up per
(see note 3) security
(cents) (see 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 2,958,675 2,958,6 Fully paid
FSE ,784 75,784
7.4 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns of
capital, buy-backs
7.5 +Convertible debt
securities
(description)
7.6 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through securities
matured, converted
7.7 Options Exercise price Expiry date
FSEAK 30,000,00 Nil 5 Cents 30 Nov 2012
FSEAM 0 Nil 6 Cents 31 May 2013
FSEAO 111,000,0 Nil 6 Cents 30 Jun 2013
FSEAI 00 Nil 6 Cents 30 Jun 2014
FSEO 96,904,76 42,382, 4 Cents 31 May 2014
7 500
25,875,00
0
42,382,50
0
7.8 Issued during
quarter 42,382,50 42,382, 4 Cents 31
0 500 May 2014
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.
31 January 2012
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.
31 January 2012
Pretoria
Sponsor
River Group
Date: 31/01/2012 11:10:23 Produced by the JSE SENS Department.
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