Appendix 8 - 1 July 1995
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10, 17/12/10, 01/05/2013
Name of entity
SUN RESOURCES NL
ABN Quarter ended ("current quarter")
69 009 196 810 31 DECEMBER 2014
Consolidated statement of cash flows
|
Cash flows related to operating activities
|
Current quarter
$A'000
|
Year to date (6 months)
$A'000
|
|
1.1
|
Receipts from product sales and related debtors
|
-
|
27
|
|
1.2
|
Payments for (a) exploration and evaluation
(b) development
(c) production
(d) administration
|
(2,188)
- (25) (387)
|
(6,047)
- (50) (1,095)
|
|
1.3
|
Dividends received
|
-
|
-
|
|
1.4
|
Interest and other items of a similar nature received
|
-
|
9
|
|
1.5
|
Interest and other costs of finance paid
|
-
|
-
|
|
1.6
|
Income taxes paid
|
-
|
-
|
|
1.7
|
Other - sale of Margarita
|
76
|
76
|
|
Net Operating Cash Flows
|
(2,524)
|
(7,080)
|
|
Cash flows related to investing activities
|
|
1.8
|
Payment for purchases of: (a)prospects
(b)equity investments
(c)other fixed assets
|
-
-
-
|
-
-
-
|
|
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
|
-
|
-
|
|
Net investing cash flows
|
-
|
-
|
|
1.13
|
Total operating and investing cash flows (carried forward)
|
(2,524)
|
(7,080)
|
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
|
1.13
|
Total operating and investing cash flows (brought forward)
|
(2,524)
|
(7,080)
|
|
Cash flows related to financing activities
|
|
1.14
|
Proceeds from issues of shares, options, etc.
|
711
|
4,652
|
|
1.15
|
Proceeds from sale of forfeited shares
|
-
|
-
|
|
1.16
|
Proceeds from convertible notes
|
-
|
-
|
|
1.17
|
Repayment of borrowings
|
-
|
-
|
|
1.18
|
Dividends paid
|
-
|
-
|
|
1.19
|
Other - funding from significant investor
|
-
|
958
|
|
Net financing cash flows
|
711
|
5,610
|
|
Net increase (decrease) in cash held
|
(1,813)
|
(1,470)
|
|
1.20
|
Cash at beginning of quarter/year to date
|
3,063
|
2,658
|
|
1.21
|
Exchange rate adjustments to item 1.20
|
21
|
83
|
|
1.22
|
Cash at end of quarter
|
1,271
|
1,271
|
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 1.2 138
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
1.23 Directors receive directors' fees for serving on the Board. Executive Directors are paid according to their contracts.
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
N/A
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
N/A
+ See chapter 19 for defined terms.
01/05/2013* Appendix 5B Page 2
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
Financing facilities available
Add notes as necessary for an understanding of the position.
3.1 Loan facilities
3.2 Credit standby arrangements
Estimated cash outflows for next quarter
|
$A'000
|
|
4.1
|
Exploration and evaluation
|
200
|
|
4.2
|
Development
|
-
|
|
4.3
|
Production
|
30
|
|
4.4
|
Administration
|
350
|
|
Total
|
580
|
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
|
1,271
|
3,063
|
|
5.2
|
Deposits at call
|
-
|
-
|
|
5.3
|
Bank overdraft
|
-
|
-
|
|
5.4
|
Other (provide details)
|
-
|
-
|
|
Total: cash at end of quarter (item 1.22)
|
1,271
|
3,063
|
Changes in interests in mining tenements and petroleum tenements
6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed
6.2 Interests in mining tenements and petroleum tenements acquired or increased
+ See chapter 19 for defined terms.
01/05/2013* Appendix 5B Page 3
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
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.
7.7 Options (description and conversion factor)
Ordinary Share
Options 1:1
Performance
Options 1:1
Class E Class F
7.8 Issued during quarter
7.9 Exercised during quarter
+ See chapter 19 for defined terms.
01/05/2013* Appendix 5B Page 4
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
7.10 Expired during quarter
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 Law or other standards acceptable to ASX (see note 5).
2. This statement does give a true and fair view of the matters disclosed.
Sign here: ............................................................ Date: 30 January 2015 (Company Secretary)
Print name: CRAIG BASSON
+ See chapter 19 for defined terms.
01/05/2013* Appendix 5B Page 5
Notes
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
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 and petroleum 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 Accounting 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.
== == == == ==
+ See chapter 19 for defined terms.
01/05/2013* Appendix 5B Page 6
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
APPENDIX 5B - ASX LISTING RULES
MINING EXPLORATION ENTITY QUARTERLY REPORT
ITEM 6 - Changes in Interests in Mining Tenements and Petroleum Tenements
SUN RESOURCES NL ABN 69 009 196 810
FOR THE QUARTER ENDED 31 DECEMBER 2014
ATTACHMENT (A)
|
Tenement Reference
|
Nature of Interest
|
Interest at Beginning of Quarter
|
Interest at End of Quarter
|
|
(A) Interests in mining tenements and petroleum tenements relinquished, reduced and/or lapsed
|
Badger Oil Project
Margarita
|
Private mineral
Private mineral
|
50%
37.5%
|
10%
0%
|
|
(B) Interest in mining tenements and petroleum tenements acquired and/or increased
|
-
|
-
|
-
|
-
|
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
APPENDIX 5B - ASX LISTING RULES
ATTACHMENT (B)
MINING EXPLORATION ENTITY AND OIL AND GAS EXPLORATION ENTITY QUARTERLY REPORT
SUN RESOURCES NL ABN 69 009 196 810
TENEMENT SCHEDULE
31 DECEMBER 2014
Tenement Reference Nature of Interest
Oil & Gas
Badger Oil Project Texas, USA 10%
Beeler Oil Project Texas, USA 13.5% - 16.67% Centerville AMI Texas, USA 18%
Delta Oil Project Texas, USA 100% Petro-Hunt AMI (Delta) Texas, USA 25%
Normangee Oil Project Texas, USA 50%
Southern Oil Project
(Amerril)
Texas, USA 50%
Southern Oil Project (New) Texas, USA 100%