Appendix 5B

RNS Number : 4316W

Berkeley Energia Limited

27 April 2016

 

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

Berkeley Energia Limited

ABN		Quarter ended ("current quarter")
40 052 468 569		31 March 2016

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter $A'000	Year to date (9 months) $A'000
1.1	Receipts from product sales and related debtors	-	-
1.2	Payments for   (a)  exploration & evaluation                           (b)  development                           (c)  production                           (d)  administration	(1,640) - - (741)	(5,968) - - (1,807)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	66	256
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Other  (provide details if material)	-	-
	Net Operating Cash Flows	(2,315)	(7,519)
	Cash flows related to investing activities
1.8	Payment for purchases of:    (a)  prospects (b) equity investments (c) other fixed assets	- - (74)	- - (93)
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)	-	-
	Net investing cash flows	(74)	(93)
1.13	Total operating and investing cash flows (carried forward)	(2,389)	(7,612)
1.13	Total operating and investing cash flows (brought  forward)	(2,389)	(7,612)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	-	238
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 (provide details if material) (a) Share issue costs	(4)	(4)
	Net financing cash flows	(4)	234
	Net increase (decrease) in cash held	(2,393)	(7,378)
1.20	Cash at beginning of quarter/year to date	8,410	13,395
1.21	Exchange rate adjustments to item 1.20	(1)	(1)
1.22	Cash at end of quarter	6,016	6,016

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 parties included in item 1.2	(175)
1.24	Aggregate amount of loans to the parties included in item 1.10	Nil
1.25	Explanation necessary for an understanding of the transactions
	Payments include directors' fees, superannuation and consulting fees.

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
	Not applicable

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
	Not applicable

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available $A'000	Amount used $A'000
3.1	Loan facilities	Nil	Nil
3.2	Credit standby arrangements	Nil	Nil

 

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	2,000
4.2	Development	-
4.3	Production	-
4.4	Administration	500
	Total	2,500

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 $A'000	Previous quarter $A'000
5.1	Cash on hand and at bank	4,016	1,910
5.2	Deposits at call	2,000	6,500
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	6,016	8,410

Changes in interests in mining tenements

		Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
6.1	Interests in mining tenements relinquished, reduced or lapsed
6.2	Interests in mining tenements acquired or increased	E.C. Lucero (Pending)	Direct	-	100%

 

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)	Amount paid up per security (see note 3)
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 securities	181,811,323	181,811,323
7.4	Changes during 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(description and conversion factor)	Options: 5,500,000 3,600,000 150,000 150,000 200,000 3,600,000 Rights: 2,345,000 3,585,000 4,625,000	- - - - - - - - -	Exercise price $0.45 ₤0.15 ₤0.25 ₤0.30 ₤0.40 ₤0.20 - - -	Expiry date 30 Jun 2016 30 Jun 2018 30 Jun 2018 30 Jun 2018 30 Jun 2018 30 Jun 2019 30 Jun 2017 31 Dec 2018 31 Dec 2019
7.8	Issued during quarter	Options: 150,000 150,000 200,000 Rights: 865,000 1,245,000 1,695,000	- - - - - -	Exercise price ₤0.25 ₤0.30 ₤0.40 - - -	Expiry date 30 Jun 2018 30 Jun 2018 30 Jun 2018 30 Jun 2017 31 Dec 2018 31 Dec 2019
7.9	Exercised during quarter	-	-	-	-
7.10	Expired during quarter	-	-	-	-
7.11	Debentures (totals only)
7.12	Unsecured 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 5).

2             This statement does /does not* (delete one) give a true and fair view of the matters disclosed.

Sign here:              ……………………………………     Date: 27 April 2016

(Director/Company secretary)

Print name:            Dylan Browne

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 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

5             Accounting 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.

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