REG - Jupiter Energy - Appendix 5B <Origin Href="QuoteRef">JPR.AX</Origin>

Jupiter EnergyAnnouncement

31/07/2017 07:07

RNS Number : 5065M
Jupiter Energy Ltd
31 July 2017
+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, 01/05/13, 01/09/16
Name of entity
Jupiter Energy Limited
ABN
Quarter ended ("current quarter")
65 084 918 481
30 June 2017
Consolidated statement of cash flows
Current quarter $A'000
Year to date 
(12 months)
$A'000
1.
Cash flows from operating activities
-
-
1.1
Receipts from customers
1.2
Payments for
(144)
(755)
(a) exploration & evaluation
(b) development
-
-
(c) production
-
-
(d) staff costs
(231)
(1,317)
(e) administration and corporate costs
(174)
(1,172)
1.3
Dividends received (see note3)
-
-
1.4
Interest received
5
19
1.5
Interest and other costs of finance paid
-
-
1.6
Income taxes paid
-
-
1.7
Research and development refunds
-
-
1.8
Other (sponsorship)
-
(397)
1.9
Net cash from / (used in) operating activities
(544)
(3,622)
2.
Cash flows from investing activities
(188)
(293)
2.1
Payments to acquire:
(a) property, plant and equipment
(b) tenements (see item10)
-
-
(c) investments
-
-
(d) other non-current assets
-
-
2.2
Proceeds from the disposal of:
-
-
(a) property, plant and equipment
(b) tenements (see item10)
-
-
(c) investments
-
-
(d) other non-current assets
-
-
2.3
Cash flows from loans to other entities
-
-
2.4
Dividends received (see note3)
-
-
2.5
Other (provide details if material)
-
-
2.6
Net cash from / (used in) investing activities
(188)
(293)
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
567
3,660
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
567
3,660
4.
Net increase / (decrease) in cash and cash equivalents for the period
495
663
4.1
Cash and cash equivalents at beginning of period
4.2
Net cash from / (used in) operating activities (item1.9 above)
(544)
(3,622)
4.3
Net cash from / (used in) investing activities (item2.6 above)
(188)
(293)
4.4
Net cash from / (used in) financing activities (item3.10 above)
567
3,660
4.5
Effect of movement in exchange rates on cash held
53
(25)
4.6
Cash and cash equivalents at end of period
383
383
5.
Reconciliation of cash and cash equivalents
at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts
Current quarter
$A'000
Previous quarter
$A'000
5.1
Bank balances
383
495
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 item4.6 above)
383
495
6.
Payments to directors of the entity and their associates
Current quarter
$A'000
6.1
Aggregate amount of payments to these parties included in item1.2
150
6.2
Aggregate amount of cash flow from loans to these parties included in item2.3
-
6.3
Include below any explanation necessary to understand the transactions included in items6.1 and 6.2
Consulting fees for the 30 June 2017 quarter.
7.
Payments to related entities of the entity and their associates
Current quarter
$A'000
7.1
Aggregate amount of payments to these parties included in item1.2
-
7.2
Aggregate amount of cash flow from loans to these parties included in item2.3
-
7.3
Include below any explanation necessary to understand the transactions included in items7.1 and 7.2
8.
Financingfacilities available
Add notes as necessary for an understanding of the position
Total facility amount at quarter end
$A'000 
Amount drawn at quarter end
$A'000
8.1
Loan facilities - 2016 Promissory Note
6,525
4,970
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.
Lender: Waterford Petroleum Limited
 Repayable on 1 July 2018
 Interest rate of 15% pa
 Interest will accrue and be repayable with principal
 Lender can elect to be repaid if there is a change of control in Jupiter Energy Limited or Jupiter Energy Pte Ltd or there is a change in control in contract 2275 covering the Block 31 Licence
9.
Estimated cash outflows for next quarter
$A'000
9.1
Exploration and evaluation
80
9.2
Development
1,026
9.3
Production
587
9.4
Staff costs
365
9.5
Administration and corporate costs
262
9.6
Other (purchase of facilities)
-
9.7
Total estimated cash outflows
2,320
10.
Changes in tenements
(items 2.1(b) and 2.2(b) above)
Tenement reference and location
Nature of interest
Interest at beginning of quarter
Interest at end of quarter
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 Rule19.11A.
2 This statement gives a true and fair view of the matters disclosed.
Sign here:   Date: 31 July 2017
(Director/Company secretary)
Print name:  Scott Mison
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.

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