GLOBAL PETROLEUM LIMITED Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10
Rule 5.3
Name of entity |
GLOBAL PETROLEUM LIMITED |
ABN | Quarter ended ("current quarter") |
68 064 120 896 | 30 June 2016 |
Consolidated statement of cash flows
Cash flows related to operating activities | Curent quarter $US'000 | Year to date $US'000 | |
1.1 | Receipts from product sales and related debtors | - | - |
1.2 | Payments for (a) exploration & evaluation
| (275) (398) | (616) (1,816) |
1.3 | Dividends received | 8 | 41 |
1.4 | Interest and other items of a similar nature received | ||
1.5 | Interest and other costs of finance paid | ||
1.6 | Income taxes paid | ||
1.7 | Other - cash used in discontinued operations | ||
Net Operating Cash Flows | (665) | (2,391) | |
Cash flows related to investing activities | |||
1.8 | Payment for purchases of: (a) prospects
| ||
1.9 | Proceeds from sale of: (a) prospects
| ||
1.10 | Loans from other entities | ||
1.11 | Loans repaid by other entities | ||
1.12 | Other (provide details if material) - Cash from discontinued activities | ||
Net investing cash flows | - | - | |
1.13 | Total operating and investing cash flows (carried forward) | (665) | (2,391) |
1.13 | Total operating and investing cash flows (brought forward) | (665) | (2,391) |
Cash flows related to financing activities | - | ||
1.14 | Proceeds from issues of shares, options, etc. | ||
1.15 | Proceeds from sale of forfeited shares | ||
1.16 | Proceeds from borrowings | ||
1.17 | Repayment of borrowings | ||
1.18 | Dividends paid | ||
1.19 | Other - short term loan from related party | ||
Net financing cash flows | - | - | |
Net increase (decrease) in cash held | (665) | (2,391) | |
1.20 | Cash at beginning of quarter/year to date | 10,869 | 12,708 |
1.21 | Exchange rate adjustments to item 1.20 | (33) | (146) |
1.22 | Cash at end of quarter | 10,171 | 10,171 |
Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities
Curent quarter $US'000 | ||
1.23 | Aggregate amount of payments to the parties included in item 1.2 | 168 |
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 of directors fees, salary and superannuation, consulting fees and provision of serviced office.
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 |
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 $US'000 | Amount used $US'000 |
3.1 Loan facilities
3.2 | Credit standby arrangements |
Estimated cash outflows for next quarter
$US'000 | ||
4.1 | Exploration and evaluation | 427 |
4.2 | Development | |
4.3 | Production | |
4.4 | Administration | 451 |
Total | 878 | |
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. | Curent quarter $US'000 | Previous quarter $US'000 | |
5.1 | Cash on hand and at bank | 8,726 | 9,368 |
5.2 | Deposits at call | 1,445 | 1,501 |
5.3 | Bank overdraft | ||
5.4 | Other (provide details) | ||
Total: cash at end of quarter (item 1.22) | 10,171 | 10,869 | |
Changes in interests in mining tenements
Tenement reference | Nature of interest (note (2)) | Interest at beginning of quarter | Interest at end of quarter |
Interests in mining tenements relinquished, reduced or lapsed
Interests 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 | Number quoted | Issue price per security (see note 3) (cents) | Amount paid up per security (see note 3) (cents) | |
7.1 | Preference +securities (description) | |||
7.2 | Changes during quarter
| |||
7.3 | +Ordinary securities | 201,814,085 | 201,814,085 | |
7.4 | Changes during quarter
| 891,076 | 891,076 | |
7.5 | +Convertible debt securities (description) | |||
7.6 | Changes during quarter
| |||
7.7 | Options (description and conversion factor) | 3,000,000 3,000,000 300,000 300,000 1,000,000 | Exercise price A$0.065 A$0.065 A$0.065 A$0.065 A$0.065 | Expiry date 23 December 2019 23 December 2019 23 December 2019 23 December 2019 23 December 2019 |
7.8 | Issued during quarter | |||
7.9 | Exercised during quarter |
Global Petroleum Limited published this content on 25 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 August 2016 08:00:01 UTC.
Original documenthttp://www.globalpetroleum.com.au/uploads/files/reports/16-07-25---gbp---appendix_5b-vfinal-1470124327.pdf
Public permalinkhttp://www.publicnow.com/view/DEB4A16125F82508D5340EA96CA9F88508CD58E6
