Rule 5.5

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Name of entity PLANET GAS LIMITED

ABN 46 098 952 035

Quarter ended ("current quarter")

31 March 2017

Consolidated statement of cash flows

Current quarter

$A'000

Year to date (3 months)

$A'000

1.

Cash flows from operating activities

84

84

1.1

Receipts from customers

1.2

Payments for

-

-

(a) exploration & evaluation

(b) development

-

-

(c) production

-

-

(d) staff costs

-

-

(e) administration and corporate costs

(35)

(35)

1.3

Dividends received (see note 3)

-

-

1.4

Interest received

1

1

1.5

Interest and other costs of finance paid

(65)

(65)

1.6

Income taxes paid

-

-

1.7

Research and development refunds

-

-

1.8

Other (provide details if material)

-

-

1.9

Net cash from / (used in) operating activities

(15)

(15)

Consolidated statement of cash flows

Current quarter

$A'000

Year to date (3 months)

$A'000

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

(196)

(196)

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

(196)

(196)

Consolidated statement of cash flows

Current quarter

$A'000

Year to date (3 months)

$A'000

4.

4.1

4.2

4.3

4.4

Net increase / (decrease) in cash and cash equivalents for the period

Cash and cash equivalents at beginning of period

Net cash from / (used in) operating activities (item 1.9 above)

Net cash from / (used in) investing activities (item 2.6 above)

Net cash from / (used in) financing activities (item 3.10 above)

386

(15)

- (196)

386

(15)

- (196)

4.5

Effect of movement in exchange rates on cash held

-

-

4.6

Cash and cash equivalents at end of period

175

175

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

61

87

5.2

Call deposits

114

299

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)

175

386

Current quarter

$A'000

-

-

  1. Payments to directors of the entity and their associates

    1. Aggregate amount of payments to these parties included in item 1.2

    2. Aggregate amount of cash flow from loans to these parties included in item 2.3

    3. Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

      Current quarter

      $A'000

      18

      -

    4. Payments to related entities of the entity and their associates

      1. Aggregate amount of payments to these parties included in item 1.2

      2. Aggregate amount of cash flow from loans to these parties included in item 2.3

      3. Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

        Total facility amount at quarter end

        $US'000

        Amount drawn at quarter end

        $US'000

        15,000

        2,900

      4. Financing facilities available

        Add notes as necessary for an understanding of the position

        1. Loan facilities

        2. Credit standby arrangements

        3. Other (please specify)

        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.

          5. Macquarie Bank Limited is the facility lender. The facility interest rate is LIBOR plus 5.5% per annum and secured over the Assets of the Company.

          9.

          Estimated cash outflows for next quarter

          $A'000

          9.1

          Exploration and evaluation

          -

          9.2

          Development

          -

          9.3

          Production

          -

          9.4

          Staff costs

          -

          9.5

          Administration and corporate costs

          53

          9.6

          Other - interest payable on the facility disclosed on item 8.1

          64

          9.7

          Total estimated cash outflows

          117

        Planet Gas Limited published this content on 24 April 2017 and is solely responsible for the information contained herein.
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