+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
AMERICAN PATRIOT OIL AND GAS LIMITED
ABN
Quarter ended ("current quarter")
79 154 049 144
31 December 2018
Consolidated statement of cash flows | Current quarter $A'000 | Year to date (6 months) $A'000 |
| 641 - - (349) (201) (397) - - - - - - | 832 (35) - (433) (370) (941) - 1 - - - - |
(306) | (946) | |
* This represents 2 months of revenue from the recently acquired assets, however please note cash receipts from the Peak Energy asset will not be received until January 2019.
**This includes due diligence and one-off costs of $130,000.
+ See chapter 19 for defined terms
1 September 2016
Page 1
Consolidated statement of cash flows | Current quarter $A'000 | Year to date (6 months) $A'000 |
| - - - - - - - (5,773) - - (191) | - - - - - - - (6,995) - - (2,236) |
(5,964) | (9,231) |
*** This represents an additional USD$100k deposit on the Foothills acquisition.
| 3,099 - - (17) 3,726 (731) - - - | 7,390 - - (289) 3,726 (731) - - - |
6,077 | 10,096 |
4.
Net increase / (decrease) in cash and cash equivalents for the period
4.1
Cash and cash equivalents at beginning of
period | 363 | 251 |
Net cash from / (used in) operating | (306) | (946) |
activities (item 1.9 above) | ||
Page 2 |
4.2
Consolidated statement of cash flows | Current quarter $A'000 | Year to date (6 months) $A'000 |
| (5,964) 6,077 (2) | (9,231) 10,096 (2) |
168 | 168 |
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 |
| 158 10 - - | 353 10 - - |
168 | 363 |
6. | Payments to directors of the entity and their associates | |
6.1 | Aggregate amount of payments to these parties included in item 1.2 | 112 |
6.2 | Aggregate amount of cash flow from loans to these parties included | - |
in item 2.3 | ||
6.3 |
Current quarter
$A'000
Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2
Director's fees and salaries paid to directors during the December 2018 quarter.
7. | Payments to related entities of the entity and their | |
associates | ||
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 | ||
Nil | ||
Page 3 |
Current quarter
$A'000
Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2
8. Financing facilities available
Add notes as necessary for an understanding of the position
8.1 Loan facilities
8.2 Credit standby arrangements
8.3 Other (please specify)
Total facility amount at quarter end
$A'000
Amount drawn at quarter end
$A'000
3,500
3,322
-
-
-
-
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.
The lender is Defender Number 2 Fund Pty Ltd as Trustee for Defender Number 2 Fund, the interest rate is 9% per annum and the facility is fully secured. No additional facilities have been entered into after the end of the quarter.
9. Estimated cash outflows for next quarter | $A'000 |
349 1,048 *Loan repayment includes interest payment of $74,000 |
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* | -Peak Energy -Magnolia Petroleum Company -Burnett | Production assets | - - - | 10,715 acres 1,100 acres 1,326 acres |
+ See chapter 19 for defined terms
1 September 2016
Page 4
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.
Sign here:
Director
Date: 31 January 2019
Print name:FRANK PIRERA
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.
+ See chapter 19 for defined terms
1 September 2016
Page 5
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Disclaimer
American Patriot Oil and Gas Ltd. published this content on 31 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 January 2019 07:13:04 UTC