Firestone Energy Limited (JSE:FSE) News - Mining exploration entity and oil and gas exploration entity quarterly report 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 FSE01 Ð ISIN: AU00000FSE02 (SA company registration number 2008/023973/10) ("FSE" or "the Company")Rule 5.5 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013 Name of entity Firestone Energy Limited ABN Quarter ended (current quarter) 71 058 436 794 31 December 2015 Consolidated statement of cash flows Cash flows related to operating activities Current quarter Year to date (6.months) 1.1 Receipts from product sales and related debtors - - 1.2 Payments for(a) exploration & evaluation (b) development (c) production (d) administration - - - (399) - - - (466) 1.3 Dividends received - - 1.4 Interest and other items of a similar nature received - - 1.5 Interest and other costs of finance paid (129) (198) 1.6 Income taxes paid - - 1.7 Other Ð GST and VAT receipts 29 104 Net Operating Cash Flows (499) (560) Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) 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 (326) (487) 1.11 Loans repaid by other entities - - 1.12 Other Ð refund of rehabilitation bond 1,111 1,111 Net investing cash flows 785 624 1.13 Total operating and investing cash flows (carried forward) 286 64 1.13 Total operating and investing cash flows (brought forward) 286 64 Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, convertible notes, etc. 358 358 1.15 Proceeds from sale of forfeited shares - - 1.16 Proceeds from borrowings - 334 1.17 Repayment of borrowings (523) (560) 1.18 Dividends paid - - 1.19 Other Ð share subscription proceeds received in advance (307) - Net financing cash flows (472) 132 Net increase / (decrease) in cash held (186) 196 1.20 Cash at beginning of quarter/year to date 388 6 1.21 Exchange rate adjustments to item 1.20 (1) (1) 1.22 Cash at end of quarter 201 201 Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities Current quarter 1.23 Aggregate amount of payments to the parties included in item 1.2 105 1.24 Aggregate amount of loans to the parties included in item 1.10 1.25 Explanation necessary for an understanding of the transactions Payment directorsÕ fees,Õ consulting fees, office occupancy and associated admin costs 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 None 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 Financing facilities available Add notes as necessary for an understanding of the position. Amount available Amount used 3.1 Loan facilities 6,555* 4,081 3.2 Credit standby arrangements * The Company has in place a project funding loan with its major shareholder The Waterberg Coal Company Limited (A$6m) and also had bridging finance (A$425k), loans from a director-related entity (A$22k) and other loans (A$108k). Estimated cash outflows for next quarter 4.1 Exploration and evaluation 100 4.2 Development - 4.3 Production - 4.4 Administration 200 Total 300 Reconciliation of cash Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. Current quarter Previous quarter 5.1 Cash on hand and at bank 201 388 5.2 Deposits at call - - 5.3 Bank overdraft - - 5.4 Other (provide details) - - Total: cash at end of quarter (item 1.22) 201 388 Changes in interests in mining tenements and petroleum tenements Tenement reference and location Nature of interest (note (2)) Interest at beginning of quarter Interest at end of quarter 6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed Nil 6.2 Interests in mining tenements and petroleum tenements acquired or increased Nil 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 per security (see note 3) (cents) Amount paid up per security (see note 3) (cents) 7.1 Preference +securities (description) Nil Nil 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions Nil Nil 7.3 +Ordinary securities 3,586,540,881 3,586,540,881 Fully paid 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs 36,842,158 36,842,158 1.0 Fully paid 7.5 +Convertible debt securities (description) Ariona Company SA BBY Nominees Pty Ltd Four Oaks Credit Fund Limited Unlisted Convertible Notes Con Note Ð A$5million Con Note Ð A$22.145million Con Note Ð US$2.7million Conversion number into shares 200,000,000 885,800,000 475,971,429 Repayment dates 30 January 2017 30 January 2017 30 June 2016 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted Unlisted Convertible Notes Conversion number into shares Repayment dates 7.7 Options Total number 2,000,000 Number quoted - Exercise price 0.01 Expiry date 30 April 2017 7.8 Issued during quarter 2,000,000 - 0.01 30 April 2017 7.9 Exercised during quarter 7.10 Expired during quarter 7.11 Debentures (totals only) 7.12 Unsecured notes (totals only) Compliance statement 1This 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 5). 2This statement does give a true and fair view of the matters disclosed. Sign here: ........ Date: 21 January 2016 Lee Boyd Company Secretary Notes 1The quarterly report provides a basis for informing the market how the entityÕs 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. 2The Nature of interest (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum 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 or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2. 3Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities. 4The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. 5Accounting Standards ASX will accept, for example, the use of International Financial Reporting 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. == == == == == Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report + See chapter 19 for defined terms. Appendix 5B Page 601/05/2013 + See chapter 19 for defined terms. 01/05/2013Appendix 5B Page 1 Date: 02/02/2016 08:30:00 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. 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