EDEN INNOVATIONS LTD — Interim / Quarterly Report 2015

Jan 28, 2016

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ACN 109 200 900

ASX Quarterly Report

For the Period Ended 31 December 2015

HIGHLIGHTS

EdenCrete[TM] /Carbon Nanotubes/ Carbon Nanofibres/ Hydrogen

• Highly encouraging strength results from the second Georgia Department of Transportation (GDOT) field trial of EdenCrete[TM] on I-20, with 56 day strength results of the EdenCrete[TM] enriched concrete from an independent laboratory showing:

• a 45.8%% improvement in the compressive strength; and

• a 56% reduction in depth of wear from abrasion.

• Eden received formal approval from the GDOT New Products Evaluation Committee for use of EdenCrete[TM] in GDOT 24 hour accelerated concrete applications and Class B concrete applications

• Eden commenced the various tests of EdenCrete[TM] enriched concrete that are required to be undertaken in order to test EdenCrete[TM] in accordance with the standards and the procedures for ASTM C494 “S” which are the standards for testing specific performance admixtures.

Prior to the end of the quarter, Eden received the results from the ASTM testing of the EdenCrete[TM] enriched concrete (measured after 28 days) which showed:

• 41% increase in compressive strength at 28 days (ASTM C39)

• 32% increase in flexural strength at 28 days (ASTM C78)

• 29% increase in split tensile strength at 28 days (ASTM C496)

• 61% reduction in ultimate shrinkage at 35 days (ASTM C105)

• 3 minute delay in Time of Set (ASTM C403)

• Short term US production scale up underway, purchase order placed for the design and building of the new reactors.

• Three alternative industrial properties being reviewed in Augusta area for future large scale production scale-up.

• Second repeat commercial order for EdenCreteTM received

Level 15, 197 St Georges Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Email: mailroom@edenenergy.com.au

• Optiblend™ Dual Fuel

• Orders received in the USA during the quarter for 14 units totalling US$562,000.

• Eden (India) won a tender to supply to Oil and Natural Gas Corporation Limited (“ONGC”) of India, eight OptiBlend[TM] dual fuel kits for use on diesel powered generator sets used on drilling rigs it operates in India.

• Following a dramatic slump over the last year due to the drop in oil prices and great slow-down in US shale oil and gas exploration, an increased level of market interest in Optiblend™ dual fuel systems in both USA and India has emerged and is translate into increased sales. It is hoped that this will continue into future quarters.

UK Gas Assets

• Subsequent to the end of the quarter, Eden agreed to sell its 100% owned UK subsidiary that holds all its UK gas assets, to the parent of its UK Joint Venture partners.

DETAILS

EDENCRETE[TM] , NANO-CARBON, HYDROGEN

(Eden 100%)

EdenCrete[TM]

GDOT – Laboratory Tests and Field Trials

As previously announced (ASX: 27 August 2015), on 26 August 2015 a second field trial of EdenCrete[TM] enriched concrete was undertaken on Interstate I-20 in Augusta, Georgia and the data detailed below completes the laboratory test results from this field trial.

This field trial involved the pouring of an additional replacement concrete slab on I-20 abutting the first EdenCrete[TM] enriched slab poured in the first field trial on 11 August 2015. The concrete used in the slab included EdenCrete[TM] and this was compared with the results from a second slab that was poured using the same concrete mix but with no added EdenCrete[TM] , giving a basis for comparison of the benefits EdenCrete[TM] delivers.

Samples of all the concrete from the trial were made on the job-site by an independent, GDOT approved, laboratory, which is conducting the independent comparative compressive strength testing.

GDOT – Results from Field Trial

In the laboratory tests of EdenCrete[TM] concrete from the field trial, at 56 days, where the accelerant (calcium chloride) was used, EdenCrete[TM] concrete exceeded the compressive strength of the same control mixture (with the accelerant but without EdenCrete[TM] ) by the following percentages:

• 45.8% improvement in the compressive strength over the control mix, and

• 56% reduction in the depth of wear of the concrete in an accelerated abrasion trial.

These results were considered by the GDOT New Products Evaluation Committee (“the Committee”) at its meeting on 19 November 2015 in Atlanta, and the Committee:

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• Approved the use of EdenCrete[TM] in GDOT construction and maintenance projects in both GDOT’s Class 24-Hour accelerated strength concrete mix applications and also its Class B concrete application; and

• GDOT has classified EdenCrete[TM] as “Field Tests” (i.e. to undertake a further Field Test) in the applications of Portland cement concrete pavements (GDOT Specification Section 430 and/or 439) and concrete white-topping (GDOT Specification Section 453) (replacing the surface of an asphalt pavement with a concrete surface layer).

GDOT’s Class 24-Hour Accelerated Concrete mix for highway repairs was used in the I-20 field trial of EdenCrete[TM] , and represents just under 20% of the total concrete that GDOT uses.

GDOT has advised that this does not obligate GDOT to use or specify the use of EdenCrete[TM] . Eden intends to assist GDOT engineers and designers wherever possible to draft precise specifications to cover the use by GDOT of EdenCrete[TM] in in its Class 24-Hour accelerated concrete mix applications and also its Class B concrete application. The timing of this process is not certain but the department’s estimate is up to three to six months.

The further Field Tests of EdenCrete[TM] for concrete pavement and concrete white-topping applications are intended to be undertaken with GDOT in Georgia as early in 2016 as possible.

The detailed results from the Field Trials that were obtained are detailed below.

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----- Start of picture text -----

G.D.O.T. I-20 Trial
Compressive Strength
(as reported by S&ME Inc.)
8000
EdenCrete w/ CaCl2
7500 7420
Control w/ CaCl2
7000
6615
6500
5940
6000
5500
5075 4945
5090
5000
4500 4715
4000
3850
3500
3235
3000 3325
2500
2000
1500
1000
500
0 0
0 24-Hour 3-Day 7-Day 28-Day 56-Day
Age
)
2
(lbs./in.
Compressive Strength
----- End of picture text -----

Figure 1: Compressive Strength Results, GDOT I-20 Trial (ASTM C39)

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	Fresh Properties	Fresh Properties
	EdenCrete	Control
Amb. Temperature Ambient Cond. Conc. Temperature Slump Air Content Unit Weight	95 Sunny, Clear 94 2.50 2.7 148.1	89 Overcast 92 4.75 6.0 139.9
	Compressive Strength(lbs./in.2)
			EdenCrete %
Age	EdenCrete	Control	Increase
0	0	0	N/A
24-Hour	5075	3325	52.6
3-Day	4945	3235	52.9
7-Day	5940	3850	54.3
28-Day	6615	4715	40.3
56-Day	7420	5090	45.8

Table 1: Tabulated Fresh and Hardened Concrete Properties GDOT I-20 Trial (ASTM C39)

From 24-hours through 7-days, EdenCrete[TM] increased the compressive strength of the reference concrete by an average of more than 50%, by more than 40% at 28 days and by nearly 46% at 56-days. These strengths achieved by EdenCrete[TM] are more than double at 28-days, and 41% more at 56-days, than those required in GDOT Section 504 – Class 24-Hour Accelerated Concrete Specification.

GDOT- I-20 Field Trial -Abrasion Resistance (ASTM C779)

Test cylinders from the I-20 Field Trial were also tested by Intelligent Concrete, Inc., a laboratory in Colorado with the appropriate test equipment, to evaluate the benefits in abrasion resistance at 56-days that EdenCrete[TM] enriched concrete delivers. Testing was conducted according to ASTM C779: Standard Test Method for Abrasion Resistance of Horizontal Concrete Surfaces. Results of the abrasion testing are shown in Figure 2 below, with the test cylinders showing the wear rings after the tests, shown in Figure 3 below, with the substantial reduction of visible aggregate in the EdenCrete[TM] test cylinder being clearly evident.

At 56-days, EdenCrete[TM] had increased the abrasion resistance of the concrete mix by approximately 57%. After the 20 minutes duration of the test, the total magnitude of abrasion measured for the EdenCrete[TM] sample was actually lower than the level of abrasion the reference cylinder sustained in less than 5 minutes. This can be seen from the graph in Figure 2. It should also be noted that the wear rings on the samples are also showing a significant difference for the EdenCrete[TM] cylinder relative to the reference. When the test was complete, the reference test cylinder is left with a rough, uneven surface under the wear path of the steel balls, but the EdenCrete[TM] test cylinder is left with a smoother, more uniform wear path with significantly less visible aggregate as shown in Figure 3.

This difference illustrates the ability of EdenCrete[TM] to both harden and toughen the concrete surface and increase the capability of enduring a much more abrasive environment than the reference. The increased strength and the pull-out resistance of concrete made with EdenCrete[TM] can be credited with this characteristic. Because the aggregate in the EdenCrete[TM] sample does not pull out, the steel balls primarily simply pass over the surface of the EdenCrete[TM] sample instead of actually abrading as it, as seen with the reference in Figure 3 and the pulling out of aggregate from the cement paste matrix.

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Figure 2: 56-Day Abrasion Resistance Results (ASTM C779), GDOT I-20 Trial

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Figure 3: Photograph of test cylinders after abrasion testing- EdenCrete[TM] cylinder on the right with the shallower wear ring and far less visible aggregate

As a conclusion from these results, Eden considers that, with the addition of EdenCrete[TM] , it may be possible to reduce the cement content of the Class 24-Hour accelerated mix and still achieve the strengths required within the Sect. 504 specification. More testing would need to be conducted to evaluate the strength of such a mix having less cement, its performance during placement and over a longer test period.

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ASTM C494 “S” Testing of EdenCrete[TM]

During the quarter, Eden commenced in Colorado, the various tests of EdenCrete[TM] enriched concrete that are required to be undertaken to satisfy the standards and the procedures of ASTM C494 “S”.

ASTM C494 “S” is the industry standard testing procedure for specific performance concrete admixtures.

Results from the first thirty-five days of the ASTM C494 “S” tests are now available and have produced the following encouraging results:

• 41% increase in compressive strength at 28 days (ASTM C39)

• 32% increase in flexural strength at 28 days (ASTM C78)

• 29% increase in split tensile strength at 28 days (ASTM C496)

• 61% reduction in ultimate shrinkage at 35 days (ASTM C105)

• 3 minute delay in Time of Set (ASTM C403)

The following tests still remain to be undertaken to complete ASTM C494 “S” EdenCrete[TM] Tests:

• Compressive strength - at 56 days, 90 days, 180 days and 365 days.

• Split Tensile Strength- at 56 days.

• Abrasion resistance- at 56 days and 90 days.

• Freeze/ Thaw – to be determined.

• Bulk Electrical Resistivity- to be determined.

Shrinkage is a major problem for all reinforced concrete as it results in cracking, which is particularly important on concrete bridge decks. Whilst all the results are significant, the 61% reduction achieved in the shrinkage tests using EdenCrete[TM] is a very significant improvement and a highly encouraging result.

The progressive reduction in shrinkage delivered by the EdenCrete[TM ] concrete throughout the 35 day period of the test (being the percentage difference in the change in length of the test beams) is shown in Figure 4.

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Figure 4. Reduction in Shrinkage (measured as the percentage change in length over time)

The ASTM C494 “S” tests are conducted by ASTM approved laboratories and provide the standardised industry method of assessing and comparing the benefits delivered by any particular admixture.

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Short Term US EdenCrete[TM] Production Scale-Up Underway

Eden Innovations has placed the purchase order for the design and building of the new reactors in Colorado that are intended to enable the production of EdenCrete[TM] to be increased within the next 8-9 months to approximately 2.4 million gallons (US) of EdenCrete[TM] per annum.

Longer Term, Large Scale US EdenCrete[TM] Production Capacity – Planning Underway

Three alternative industrial properties are being reviewed in the Augusta area in the state of Georgia for future large scale production scale-up. All are between 65 acres (26 HA) and 100 acres (40HA) in area, all have good interstate highway access, rail access as well as access to the Port of Savannah. Two of the sites are presently under conditional contract and a detailed due diligence review of each has commenced. The third property, which is part of a largely undeveloped industrial park, is still under review, and is dependent upon when it would be available for occupation.

A specialist engineering group is continuing a study on proposed production scale-up sufficient to produce an estimated 12.5 million gallons of EdenCrete[TM] per annum. The anticipated time to design and build this reactor is likely to be between 15-18 months. A further expansion of production capability up to an estimated 50 million gallons of EdenCrete[TM] per annum is also being planned over the following two years. The size of these reactors may change as possible economies of scale and other relevant issues emerge during the design phase of this project.

Second repeat Commercial Order for EdenCrete[TM] Received

Eden received its second repeat commercial order for EdenCrete[TM] from a fabricated concrete products manufacturer that produces and markets high quality concrete tiles in the US.

High strength CNT enriched concrete requiring little or even no reinforcing steel

In 2015, Eden Energy and Monash University awarded A$300,000 Australian Research Council Linkage Grant for research into use of carbon nanotubes to reduce steel reinforcing in concrete. The award, funded by the Commonwealth of Australia, will provide a total of A$300,000 over the three year life of the research project.

Since the collaborative ARC grant application was initially lodged, the Principal, Dr Frank Collins, who was formerly Associate Professor and Head of Structures Department at the Civil Engineering Department at Monash University, has been appointed as Professor of Infrastructure Engineering, at Deakin University’s Institute for Frontier Materials in Victoria. Accordingly Monash University has agreed to transfer the project to Deakin University. The transfer documentation and a suitable agreement between Eden and Deakin University will need to be agreed and completed before the project will commence.

A meeting with Deakin University took place during the quarter and a draft agreement between Eden and Deakin University is being negotiated

This new project offers Eden a great opportunity to collaborate in world-leading, high level research into how its EdenCrete[TM] carbon nanotube enriched concrete admixture affects concrete at a nano-scale in delivering increased flexural and compressive strength, increased abrasion resistance and reduced permeability, amongst other benefits.

This research could potentially lead to both the improvement of EdenCrete[TM] and the development of a long dreamed of goal of producing ultra-high strength concrete that requires little or no steel re-enforcing. Quite apart from the enormous environmental and financial implications, such an outcome would have far reaching implications for the global construction industry. The significant advances on many fronts that Eden has made with its EdenCrete[TM] admixture over the past 18 months should considerably assist in accelerating the rate at which the exciting new research project can gain momentum.

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CNT Enriched Polymers and Plastics Project in Australia

The CNT enriched polymer and plastics project with the University of Queensland (“UQ”) that is being headed by a post-doctoral candidate from the US and which is partly funded by an ARC grant, continued during the quarter. This project is aiming to develop reinforced polymer composites for potential automotive and aerospace applications.

UQ was awarded a $255,000 grant by the Australian Research Council in 2014 to partially fund this three year project. This collaboration project follows earlier preliminary encouraging results from the addition of Eden’s carbon nanotubes into polypropylene.

During the quarter some encouraging preliminary results were achieved and these will be pursued during the coming year.

Background

Eden has developed an efficient, commercially competitive pyrolysis process to produce carbon nanotube (CNT) and carbon nano-fibres. Eden remains optimistic that it will develop suitable markets for the nano-carbon products that it can produce. Eden currently has small scale commercial production capabilities at its subsidiary in Colorado that enable it to produce nano-carbon from a feedstock of natural gas (methane).

Additionally, the only other major by-product from Eden’s pyrolysis process is hydrogen, the real cost of which will be dependent upon the value of the carbon produced. The quantity of hydrogen produced will be 25% (by weight) of the quantity of carbon produced.

This hydrogen can be used either re-mixed with natural gas to create Hythane™ to fuel the pyrolysis reactor, generate electricity or captured and fed into the various hydrogen/Hythane™ applications that Eden has been developing, to try and accelerate the commercial rollout of these hydrogen applications based on the relatively low cost hydrogen. The current cost of hydrogen is one of the major limiting factors holding back a broader rollout of hydrogen and Hythane™. Encouragingly, the hydrogen produced using the Eden pyrolysis process will generate only a relatively very small amount of greenhouse gas as a by-product compared with most other currently available methods of hydrogen production, and in consequence it is projected that the hydrogen is likely to be both commercially competitive and environmentally preferable. However, as the quantity of CNT currently required is relatively small, in the early stages at least it is most likely that the hydrogen by-product will be used as fuel in the CNT production process thereby reducing both the CNT production costs and the CNT production Greenhouse Gas footprint.

OPTIBLEND™ DUAL FUEL SYSTEM (EDEN 100%)

US OptiBlend™ Progress

Eden Innovations (formerly Hythane Company), a wholly owned US subsidiary of Eden, received purchase orders for fourteen OptiBlend[TM] dual fuel systems during the quarter.

Two orders, for a total of twelve (of the fourteen) OptiBlend[TM] systems in the US for a combined value of US$490,000, were received from a division of Cummins Inc. and with whom Eden has collaborated over the past several years to adapt the OptiBlend[TM] systems for use in Cummins power modules for the drilling industry.

The global market for dual fuel systems has been at a virtual standstill for the past 12 months as a result of the steep drop in world oil prices, the consequential drastic slowdown in oil and gas exploration in and the greatly reduced difference in price between diesel fuel and natural gas. Although the global price of oil remains low, which from market reports appears likely to continue at least for the short to medium term, nevertheless these sales indicate some level of renewed interest from the sector and may signal a slight upturn in the level of exploration activity.

However, whilst it is not possible to reliably predict the future OptiBlend[TM] sales level based on this limited number of sales, Eden is still encouraged at this renewed the level of interest in the market.

Page 8 of 10

Eden Innovations is continuing to work on trying to establish a number of partnerships to increase its bi/dual fuel offerings. These proposed partnerships include work with various OEMs to become their default supplier and/or supplier of private labelled OptiBlend™ technology.

India Optiblend™ Progress

During the quarter, Eden Energy (India) Pvt Ltd (“Eden (India)”), Eden’s wholly owned Indian subsidiary, won a tender to supply to Oil and Natural Gas Corporation Limited (“ONGC”) of India, eight OptiBlend[TM] dual fuel kits for use on diesel powered generator sets (“gensets”) used on drilling rigs it operates in India.

The value of the contract is for the Australian dollar equivalent of over A$240,000. This is the first time that Eden (India) has secured a contract to supply ONGC, and is an encouraging development.

India is presently expanding its early stage domestic exploration for shale oil and gas, and ONGC is a significant participant in this exploration programme. Sales of OptiBlend[TM] kits in the US and India have greatly slowed over the past year as a result of low oil prices and a reduction in US exploration, and Eden (India) is hopeful of further success in this emerging Indian market.

Optiblend™ Background

Eden has developed an efficient dual fuel system that is capable of operating on diesel engines and displacing up to 70% of the diesel fuel with natural gas. If Hythane™ fuel (hydrogen enriched natural gas) is used in place of natural gas, the displacement of diesel fuel could be as high as 80%. The use of the natural gas will greatly reduce greenhouse gas emissions and, in places where natural gas is cheaper than diesel, will also reduce fuel costs. It has significant market potential particularly in the diesel powered generator set (“genset”) market.

As a result of the increase in shale gas recovery in USA, the lower priced natural gas has resulted in a large market in USA for the conversion of these diesel engines to operate on a dual-fuel system of both natural gas and diesel is anticipated. Depending upon the size of the engine and the number of hours per day that it operates, payback times for the conversions are mostly a lot less than 12 months, so the cost is minimal compared to the replacement cost of a natural gas generator.

Hythane™ Fuel Projects

Indian Hythane Bus Demonstration Projects

No progress was made during the quarter on any potential Indian Hythane™ projects. Whilst it may be possible for one such project to ultimately proceed, particularly if in the longer term Eden can generate sufficient low cost hydrogen produced as a by-product from its pyrolysis project to produce carbon nanotubes, at present these projects are looking unlikely to occur.

UK GAS PROJECT

Subsequent to the end of the quarter Eden agreed to sell, subject to a conditional contract, its 100% owned UK subsidiary that holds all its UK gas assets, to the parent of its UK Joint Venture partners. Consideration is a Royalty (commencing at 1% of gross sale proceeds from all hydrocarbon sales, and reducing to 0.5%), capped at maximum value of £35,000,000.

If this contract settles, Eden will have no further financial commitments on this project, but can still share in the potential upside from hydrocarbon sales, and focus its efforts on its EdenCrete[TM] and OptiBlend[TM] projects.

The UK Gas Assets

The UK Gas Assets, held by Eden’s wholly owned UK subsidiary, comprise Eden’s 50% joint venture interests in 9 Petroleum and Development Licences (PEDLs) in South Wales (see Table below). It is possible that some of these licences may be relinquished in light of the current difficult operating conditions and the political uncertainty that may arise if the UK Government devolves power over Welsh PEDLs to the Welsh Authority as foreshadowed.

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Gregory H Solomon

Executive Chairman

For further information, please contact Greg Solomon (+61 8 9282 5889) or visit our website (www.edenenergy.com.au).

Tenements	Location	Interest held at end of quarter	Acquired during the quarter	Disposed during the quarter
PEDL100	UK	50%
PEDL148	UK	50%
PEDL149	UK	50%
PEDL214	UK	50%
PEDL215	UK	50%
PEDL216	UK	50%
PEDL217	UK	50%
PEDL219	UK	50%
PEDL220	UK	50%

Interests in UK Tenements (PEDLs) as at 31 December 2015

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Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining 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

Name of entity

EDEN ENERGY LTD

ABN 58 109 200 900

Quarter ended (“current quarter”) 31 December 2015

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration (e) other 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows	Curent quarter $A’000	Year to December (6 months) $A’000
	100 (21) - - (327) (1,083) - - - - -	124 (27) - - (574) (1,896) - 1 - - -
	(1,331)	(2,372)
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 (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)	- - (33) - - - - - -	- - (59) - - - - - -
	(33)	(59)
	(1,364)	(2,431)

Notes

1.2e Other – Payments to suppliers and employees by Eden’s wholly owned subsidiaries; Eden Energy India Pvt Ltd and Eden Innovations LLC which are trading companies and these payments mainly consist of payments for cost of goods sold, research & development, inventory and overheads.

• See chapter 19 for defined terms.

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Appendix 5B Page 1

Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows(brought forward)	(1,364)	(2,431)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) Net financing cash flows	654 - 710 - - -	848 - 1,710 - - -
	1,364	2,558
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter	- 634 (24)	127 511 (28)
	610	610

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Curent quarter $A'000
		136
		-
1.25	Explanation necessaryfor an understandingof the transactions
	Legal Fees were paid during the quarter to a firm of which Mr GH Solomon and Mr DH Solomon are partners. Directors Fees and superannuation were paid during the quarter. Management Fees, as per agreement, were paid during the quarter to a company of which MrGHSolomonandMr DHSolomonare directors.

Non-cash financing and investing activities

2.1 2.2	Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
	-
	Details of outlays made by other entities to establish or increase their share in projects in which the reportingentityhas an interest
	-

• See chapter 19 for defined terms.

Appendix 5B Page 2

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Appendix 5B

Mining exploration entity quarterly report

Financing facilities available

Financing facilities available
3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	-	-
	-	-

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration 4.5 Other	$A’000
	-
	-
	-
	250
	1,000
Total	1,250

4.5 Other – Payments to suppliers and employees by Eden’s wholly owned subsidiaries; Eden Energy India Pvt Ltd and Eden Innovations LLC which are trading companies and these payments relate to payments for cost of goods sold, research & development, inventory, plant & equipment and overheads. These estimated outflows will be partially offset by cash receipts from sales of goods and services.

Note – At the end of the quarter Eden was part way through completing a pro-rata nonrenounceable right issue to raise additional capital.

Reconciliation of cash

Reconciliation of cash	Reconciliation of cash
Reconciliation of cash at the end of the		Curent quarter		Previous quarter
quarter (as shown in the consolidated		$A’000		$A’000
statement of cash flows) to the related items
in the	accounts is as follows.
5.1	Cash on hand and at bank		610		634
5.2	Deposits at call		-		-
5.3	Bank overdraft		-		-
5.4	Other (provide details)		-		-
	Total: cash at end of quarter(item 1.22)		610		634

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter

• See chapter 19 for defined terms.

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Appendix 5B Page 3

Appendix 5B Mining 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.

and dates.
	Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	1,000,153,948	1,000,153,948
	6,441,686 7,676,364	6,441,686 7,676,364	$0.030 $0.055	$0.030 $0.055
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	207,306,322	207,306,322	Exercise price 3 cents	Expiry date 30 September 2018
	3,838,182	3,838,182	3 cents	30 September 2018
	6,441,686	6,441,686	3 cents	30 September 2018
7.11 Debentures (totals only)
7.12 Unsecured notes (totals only)

• See chapter 19 for defined terms.

Appendix 5B Page 4

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Appendix 5B Mining exploration entity quarterly report

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act.

• 2 This statement does give a true and fair view of the matters disclosed.

Sign here:

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Date: 29 January 2016

(Company secretary)

Print name: Aaron Gates

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 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 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 Financial Reporting 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.

17/12/2010

Appendix 5B Page 5