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GBP Global Petroleum Limited

0.0575
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Global Petroleum Limited LSE:GBP London Ordinary Share AU000000GBP6 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0575 0.055 0.06 0.0575 0.0575 0.0575 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 -1.28M -0.0010 -0.60 774.07k

Global Petroleum Ltd ASX Appendix 5B (8208L)

24/07/2017 7:01am

UK Regulatory


Global Petroleum (LSE:GBP)
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TIDMGBP

RNS Number : 8208L

Global Petroleum Ltd

24 July 2017

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, 01/05/13, 01/09/16

 
 Name of entity 
------------------------------------------- 
 GLOBAL PETROLEUM LIMITED 
------------------------------------------- 
 ABN                Quarter ended ("current 
                     quarter") 
---------------    ------------------------ 
 68 064 120 896     30 June 2017 
---------------    ------------------------ 
 
 
 Consolidated statement                   Current quarter   Year to date 
  of cash flows                               $US'000        (3 months) 
                                                               $US'000 
---------------------------------------  ----------------  ------------- 
 1.     Cash flows from operating 
         activities 
 1.1    Receipts from customers 
 1.2    Payments for 
        (a) exploration & evaluation                (344)          (747) 
        (b) development 
        (c) production 
        (d) staff costs 
        (e) administration 
         and corporate costs                        (385)        (1,642) 
 1.3    Dividends received 
         (see note 3) 
 1.4    Interest received                              16             52 
 1.5    Interest and other 
         costs of finance paid 
 1.6    Income taxes paid 
 1.7    Research and development 
         refunds 
 1.8    Other (provide details 
         if material) 
                                         ----------------  ------------- 
        Net cash from / (used 
 1.9     in) operating activities                   (713)        (2,337) 
-----  --------------------------------  ----------------  ------------- 
 
 2.       Cash flows from investing 
           activities 
 2.1      Payments to acquire: 
          (a) property, plant 
           and equipment 
          (b) tenements (see 
           item 10) 
          (c) investments 
          (d) other non-current 
           assets 
 2.2      Proceeds from the disposal 
           of: 
          (a) property, plant 
           and equipment 
          (b) tenements (see 
           item 10) 
          (c) investments 
          (d) other non-current 
           assets 
 2.3      Cash flows from loans 
           to other entities 
 2.4      Dividends received 
           (see note 3) 
 2.5      Other (provide details 
           if material) 
                                         ----------------  ------------- 
 2.6      Net cash from / (used                         -              - 
           in) investing activities 
-------  ------------------------------  ----------------  ------------- 
 
 3.       Cash flows from financing 
           activities 
 3.1      Proceeds from issues 
           of shares 
 3.2      Proceeds from issue 
           of convertible notes 
 3.3      Proceeds from exercise 
           of share options 
 3.4      Transaction costs related 
           to issues of shares, 
           convertible notes or 
           options 
 3.5      Proceeds from borrowings 
 3.6      Repayment of borrowings 
 3.7      Transaction costs related 
           to loans and borrowings 
 3.8      Dividends paid 
 3.9      Other (provide details 
           if material) 
                                         ----------------  ------------- 
 3.10     Net cash from / (used                         -              - 
           in) financing activities 
-------  ------------------------------  ----------------  ------------- 
 
 4.       Net increase / (decrease) 
           in cash and cash equivalents 
           for the period 
          Cash and cash equivalents 
 4.1       at beginning of period                   8,519         10,171 
          Net cash from / (used 
           in) operating activities 
 4.2       (item 1.9 above)                         (713)        (2,337) 
 4.3      Net cash from / (used 
           in) investing activities 
           (item 2.6 above) 
 4.4      Net cash from / (used 
           in) financing activities 
           (item 3.10 above) 
          Effect of movement 
           in exchange rates on 
 4.5       cash held                                    2           (26) 
                                         ----------------  ------------- 
          Cash and cash equivalents 
 4.6       at end of period                         7,808          7,808 
-------  ------------------------------  ----------------  ------------- 
 
 
 
 5.    Reconciliation of cash           Current quarter   Previous 
        and cash equivalents                $US'000        quarter 
        at the end of the quarter                          $US'000 
        (as shown in the consolidated 
        statement of cash flows) 
        to the related items 
        in the accounts 
----  -------------------------------  ----------------  --------- 
 5.1   Bank balances                              7,808      8,519 
 5.2   Call deposits 
 5.3   Bank overdrafts 
 5.4   Other (provide details) 
                                       ----------------  --------- 
 5.5   Cash and cash equivalents 
        at end of quarter (should 
        equal item 4.6 above) 
----  -------------------------------  ----------------  --------- 
 
 
 6.    Payments to directors of the entity     Current quarter 
        and their associates                       $US'000 
                                              ---------------- 
       Aggregate amount of payments to 
        these parties included in item 
 6.1    1.2                                                152 
                                              ---------------- 
 6.2   Aggregate amount of cash flow 
        from loans to these parties included 
        in item 2.3 
                                              ---------------- 
 6.3   Include below any explanation necessary 
        to understand the transactions included 
        in items 6.1 and 6.2 
----  -------------------------------------------------------- 
  Payment of directors fees, salary and superannuation, 
   and consulting fees 
-------------------------------------------------------------- 
 
 
 7.    Payments to related entities of         Current quarter 
        the entity and their associates            $US'000 
                                              ---------------- 
 7.1   Aggregate amount of payments to 
        these parties included in item 
        1.2 
                                              ---------------- 
 7.2   Aggregate amount of cash flow 
        from loans to these parties included 
        in item 2.3 
                                              ---------------- 
 7.3   Include below any explanation necessary 
        to understand the transactions included 
        in items 7.1 and 7.2 
----  -------------------------------------------------------- 
 
 
 
 8.    Financing facilities          Total facility   Amount drawn 
        available                       amount at      at quarter 
        Add notes as necessary         quarter end         end 
        for an understanding             $US'000         $US'000 
        of the position 
                                    ---------------  ------------- 
 8.1   Loan facilities 
                                    ---------------  ------------- 
 8.2   Credit standby arrangements 
                                    ---------------  ------------- 
 8.3   Other (please specify) 
                                    ---------------  ------------- 
 8.4   Include below a description of each facility 
        above, including the lender, interest rate 
        and whether it is secured or unsecured. 
        If any additional facilities have been entered 
        into or are proposed to be entered into 
        after quarter end, include details of those 
        facilities as well. 
----  ------------------------------------------------------------ 
 
 
 
 9.    Estimated cash outflows         $US'000 
        for next quarter 
----  ------------------------------  -------- 
 9.1   Exploration and evaluation        (696) 
 9.2   Development 
 9.3   Production 
 9.4   Staff costs 
       Administration and corporate 
 9.5    costs                            (476) 
 9.6   Other (provide details if 
        material) 
                                      -------- 
 9.7   Total estimated cash outflows   (1,172) 
----  ------------------------------  -------- 
 
 
 10.    Changes in              Tenement        Nature of interest   Interest        Interest 
         tenements               reference                            at beginning    at end 
         (items 2.1(b)           and location                         of quarter      of quarter 
         and 2.2(b) 
         above) 
-----  ----------------------  --------------  -------------------  --------------  ------------ 
 10.1   Interests 
         in mining 
         tenements 
         and petroleum 
         tenements 
         lapsed, relinquished 
         or reduced 
-----  ----------------------  --------------  -------------------  --------------  ------------ 
 10.2   Interests 
         in mining 
         tenements 
         and petroleum 
         tenements 
         acquired 
         or increased 
-----  ----------------------  --------------  -------------------  --------------  ------------ 
 

Compliance statement

1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

   2        This statement gives a true and fair view of the matters disclosed. 

Date: 24 July 2017

Print name: Damien Cronin

(Director/Company Secretary)

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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, 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. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DRLDXLFLDDFXBBB

(END) Dow Jones Newswires

July 24, 2017 02:01 ET (06:01 GMT)

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