Appendix 5B - Mining exploration entity quarterly report Appendix 5B Mining 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

Name of entity

Rule 5.3

GLOBAL PETROLEUM LIMITED

ABN Quarter ended ("current quarter")

68 064 120 896

31 March 2016

Consolidated statement of cash flows

Cash flows related to operating activities

  1. Receipts from product sales and related debtors

  2. Payments for (a) exploration & evaluation

    1. development

    2. production

    3. administration

    4. Dividends received

    5. Interest and other items of a similar nature received

    6. Interest and other costs of finance paid

    7. Income taxes paid

    8. Other - cash used in discontinued operations

    Net Operating Cash Flows

    Curent quarter

    $US'000

    Year to date

    $US'000

    - (61)

    (465)

    9

    - (341)

    (1418)

    32

    (517)

    (1,727)

    Cash flows related to investing activities

    1. Payment for purchases of: (a) prospects

      1. equity investments

      2. other fixed assets

      3. Proceeds from sale of: (a) prospects

        1. equity investments

        2. other fixed assets

        3. Loans from other entities

        4. Loans repaid by other entities

        5. Other (provide details if material)

        - Cash from discontinued activities

        Net investing cash flows

        1.13 Total operating and investing cash flows (carried forward)

        -

        -

        (517)

        (1,727)

        1.13 Total operating and investing cash flows (brought forward)

        (517)

        (1,727)

        Cash flows related to financing activities

        1. Proceeds from issues of shares, options, etc.

        2. Proceeds from sale of forfeited shares

        3. Proceeds from borrowings

        4. Repayment of borrowings

        5. Dividends paid

        6. Other - short term loan from related party

        Net financing cash flows

        -

        -

        -

        Net increase (decrease) in cash held

        (517)

        (1,727)

        1.20

        Cash at beginning of quarter/year to date

        11,392

        12,708

        1.21

        Exchange rate adjustments to item 1.20

        (6)

        (112)

        1.22

        Cash at end of quarter

        10,869

        10,869

        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. Aggregate amount of payments to the parties included in item 1.2 175

        2. Aggregate amount of loans to the parties included in item 1.10

        3. 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

        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. 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

        1. Loan facilities

        2. Credit standby arrangements

        Estimated cash outflows for next quarter

        1. Exploration and evaluation

        2. Development

        3. Production

        4. Administration

        $US'000

        301

        420

        Total

        721

        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

        $US'000

        Previous quarter

        $US'000

        1. Cash on hand and at bank

        2. Deposits at call

        3. Bank overdraft

        4. Other (provide details)

        9,368

        9,437

        1,501

        1,955

        Total: cash at end of quarter (item 1.22)

        10,869

        11,392

        Changes in interests in mining tenements

        Tenement reference

        Nature of interest (note (2))

        Interest at beginning of quarter

        Interest at end of quarter

        1. Interests in mining tenements relinquished, reduced or lapsed

        2. 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

        (a) Increases

        through issues

        (b) Decreases

        through returns

        of capital, buy-

        backs,

        redemptions

        7.3

        +Ordinary

        200,923,009

        200,923,009

        securities

        7.4

        Changes during

        748,510

        748,510

        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

        3,000,000

        Exercise price

        Expiry date

        (description and

        A$0.065

        23 December 2019

        conversion

        3,000,000

        A$0.065

        23 December 2019

        factor)

        300,000

        A$0.065

        23 December 2019

        300,000

        A$0.065

        23 December 2019

        1,000,000

        A$0.065

        23 December 2019

        7.8

        Issued during

        quarter

        7.9

        Exercised

        during quarter

        Global Petroleum Limited issued this content on 29 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 April 2016 07:12:35 UTC

        Original Document: http://www.globalpetroleum.com.au/uploads/files/reports/16-04-29-gbp-quarterly-march-2016-appendix-5b-final-1461913568.pdf