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
Rule 5.3
|
Name of entity
|
|
GLOBAL PETROLEUM LIMITED
|
|
ABN
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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
-
development
-
production
-
administration
|
(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
-
equity investments
-
other fixed assets
|
|
1.9
|
Proceeds from sale of: (a) prospects
-
equity investments
-
other fixed assets
|
|
1.10
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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
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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
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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
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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
|
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
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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
-
Increases through issues
-
Decreases through returns of capital, buy- backs, redemptions
|
|
7.3
|
+Ordinary
securities
|
201,814,085
|
201,814,085
|
|
7.4
|
Changes during quarter
-
Increases through issues
-
Decreases through returns of capital, buy- backs
|
891,076
|
891,076
|
|
7.5
|
+Convertible
debt securities (description)
|
|
7.6
|
Changes during quarter
-
Increases through issues
-
Decreases through securities matured, converted
|
|
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
|