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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 March 2012
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) (207) (707)
exploration & evaluation - -
(b) development - -
(c) production (326) (1,126)
(d) administration
1.3 Dividends received - -
1.4 Interest and other items of
a similar nature received 2 30
1.5 Interest and other costs of - -
finance paid
1.6 Income taxes paid - -
1.7 Other - 68
(531) (1,735)
Net Operating Cash Flows
Cash flows related to
investing activities
1.8 Payment for purchases of: - (418)
(a) prospects - -
(b) (36) (1,926)
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)
(36) (2,346)
Net investing cash flows
1.13 Total operating and (567) (4,081)
investing cash flows
(carried forward)
Cash flows related to
financing activities
1.14 Proceeds from issues of - 2,030
shares, options, Convertible
Notes etc.
1.15 Proceeds from sale of - -
forfeited shares
1.16 Proceeds from borrowings - 719
1.17 Repayment of borrowings - -
1.18 Capital raising costs - (90)
1.19 Other - Interest paid - (173)
Net financing cash flows - 2,486
Net increase (decrease) in (567) (1,595)
cash held
1.20 Cash at beginning of 883 1,892
quarter/year to date
1.21 Exchange rate adjustments to (7) 12
item 1.20 Gain / (Loss)
1.22 Cash at end of quarter 309 309
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 243K
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
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 - $243K
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 $2,200 Nil
The Company has in place
a further financing
facility (convertible
notes) with its existing
convertible noteholders.
3.2 Credit standby - -
arrangements
Estimated cash outflows for next quarter
$A`000
4.1 Exploration and evaluation 200
4.2 Development -
4.3 Production -
4.4 Administration 300
500
Total
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 56 110
bank
5.2 Deposits at call 253 773
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of 309 883
quarter (item 1.22)
Changes in interests in mining tenements
Teneme Nature of Intere Intere
nt interest st at st at
refere (note (2)) beginn end of
nce ing of quarte
quarte r
r
6.1 Interests Nil
in mining
tenements
relinquishe
d, reduced
or lapsed
6.2 Interests Nil
in 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 Amount paid
number quoted price per up per
security security
(see note (see note
3) (cents) 3) (cents)
7.1 Prefere Nil Nil
nce
+securi
ties
(descri
ption)
7.2 Changes Nil Nil
during
quarter
(a)
Increas
es
through
issues
(b)
Decreas
es
through
returns
of
capital
, buy-
backs,
redempt
ions
7.3 +Ordina
ry 3,113,878 3,113,878 Fully paid
securit ,641 ,641
ies
FSE
7.4 Changes
during
quarter 155,202,8 155,202,8
(a) 57 57
Increas
es
through
issues
(b)
Decreas
es
through
returns
of
capital
, buy-
backs
7.5 +Conver
tible
debt
securit
ies
(descri
ption)
7.6 Changes
during
quarter
(a)
Increas
es
through
issues
(b)
Decreas
es
through
securit
ies
matured
,
convert
ed
7.7 Options Exercise Expiry date
FSEAK 30,000,00 Nil price 30 Nov 2012
FSEAM 0 Nil 5 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 42,382,50 6 Cents 31 May 2014
7 0 4 Cents
25,875,00
0
42,382,50
0
7.8 Issued
during 42,382,50 42,382,50 4 Cents 31
quarter 0 0 May 2014
7.9 Exercis
ed
during
quarter
7.10 Expired
during
quarter
7.11 Debentu
res
(totals
only)
7.12 Unsecur
ed
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 give a true and fair view of the matters disclosed.
30 April 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.
Pretoria
Sponsor
River Group
Date: 30/04/2012 09:00:34 Produced by the JSE SENS Department.
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