- Part 2: For the preceding part double click ID:nRSe6182Ta
- - - -
At 31 December 2015 - (34,607) (28,649) - (63,256)
Net book value
At 31 December 2015 - - - - -
7 Available for sale financial assets
31 December 2015£ 31 December 2014£
At 1 July 2015 1,331,766 1,583,984
Additions 275,000 -
Disposals - (10,070)
Revaluation adjustment - (161,826)
Impairment - -
At 31 December 2015 1,606,766 1,412,088
Half-yearly report notes
for the period ended 31 December 2015, continued
8 Share Capital of the company
Share Capital of the company
Number Nominal £
Allotted and fully paid during the period
As at 30 June 2015 4,662,024,541 2,600,207
Issued 10 July 2015 at 0.475 pence per share 797,368,443 79,737
Issued 13 July 2015 at 0.475 pence per share 157,864,800 15,789
Issued 09 October 2015 at 0.183 pence per share 416,573,115 41,657
As at 31 December 2015 6,033,830,899 2,737,391
9 Capital Management
Management controls the capital of the Group in order to control risks, provide the shareholders with adequate returns and ensure that the Group can fund its operations and continue as a going concern.The Group's debt and capital includes ordinary share
capital and financial liabilities, supported by financial assets.There are no externally imposed capital requirements.Management effectively manages the Group's capital by assessing the Group's financial risks and adjusting its capital structure in
response to changes in these risks and in the market. These responses include the management of debt levels, distributions to shareholders and share issues.There have been no changes in the strategy adopted by management to control the capital of the Group
since the prior period.
10 Subsequent events
· On 20 January 2016, the company acquired a 20% Working Interest in the
Lutcher More 20 well at the Shoats Creek Field, Beauregard Parish, Louisiana,
for a consideration of US$200,000, of which US$120,000 was paid and $80,000 is
to be paid under a 4.5% promissory note in equal monthly instalments between
July 2016 and December 2018.
· In the course of January 2016 the company sold the remaining 13,055,134
shares held in Star Striker Ltd (ASX:SRT), as well as 500,000 options, for a
consideration of AUD 295,432.
· On 29 January 2016, the company granted 13,320,000 employee options
exercisable at 0.45p per share for a period of six years, and vesting in four
equal tranches, one immediately, and the other three after 6, 12 and 18 months
respectively and subject to performance conditions. The grants other than
those to non-executive directors were made under the company's Enterprise
Management Incentive scheme.
For further information, please contact:
Andrew Bell 0207 747 9990
Chairman Red Rock Resources Plc
Scott Kaintz 0207 747 9990
Director Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont
Cornish Limited
Jason Robertson 0129 351 7744
Broker Dowgate Capital Stockbrokers Ltd
This information is provided by RNS
The company news service from the London Stock Exchange