INVICTUS ENERGY LTD — Interim / Quarterly Report 2012

Jul 30, 2012

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity

Sunbird Energy Limited

	ABN 150 956 773 Consolidated statement of cash flows		Quarter ended (“current quarter”) 30 June 2012	Quarter ended (“current quarter”) 30 June 2012
			30 June 2012
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 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 Net Operating Cash Flows		Current quarter $A’000		Year to date $A’000
		- (813) - - (116) - 136 - - -		- (971) - - (803) - 191 - - 11
		(793)		(1,572)
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)		- - (17) - - - - - -		- - (17) - - - - - -
		(17)		(17)
		(810)		(1,589)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(810)	(1,589)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, Convertible Notes etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Capital raising costs 1.19 Other – repayment of oversubscriptions Net financing cash flows	- - - - - -	10,050 - - - (894) (52)
	-	9,104
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	(810) 8,374 16	7,515 - 65
	7,580	7,580

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	Current quarter $A'000
			170
			-
1.25		Explanation necessaryfor an understandingof the transactions
		Section 1.23 This section includes payments for:  Directors and executive fees of $118,000; and  Reimbursement of $52,000 for expenses incurred on behalf of Sunbird Energy Limited.

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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

Financing facilities available

Add notes as necessary for an understanding of the position.

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	$A’000
	1,160
	-
	-
	280
Total	1,440

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Reconciliation of cash

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Reconciliation of cash at the end of the quarter (as Current quarter Previous quarter
shown in the consolidated statement of cash flows) $A’000 $A’000
to the related items in the accounts is as follows.
5.1 Cash on hand and at bank 1,854 2,138
5,726 6,236
5.2 Deposits at call
5.3 Bank overdraft - -
- -
5.4 Other (provide details)
7,580 8,374
Total: cash at end of quarter (item 1.22)
Changes in interests in mining tenements
Tenement Nature of interest Interest at Interest
reference (note (2)) beginning at end of
of quarter quarter
6.1 Interests in mining Nil
tenements relinquished,
reduced or lapsed
6.2 Interests in mining
tenements acquired or
increased
12/3/1/95/1 Interest held through Sunbird’s 74% 74%
12/3/1/99/1 74% owned subsidiary 74% 74%
12/3/1/104/1 Pretzavest 37 (Proprietary) 74% 74%
12/3/1/140/1 Limited. 74% 74%
12/3/1/202/1 74% 74%
12/3/1/216/1 74% 74%
PL024/2010 Interest held through Sunbird’s 100% 100%
PL025/2010 100% owned subsidiary 100% 100%
PL026/2010 Greatways Properties 100% 100%
PL027/2010 (Proprietary)Limited 100% 100%
PL028/2010 100% 100%
PL029/2010 100% 100%
PL030/2010 100% 100%
PL703/2009 100% 100%
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• See chapter 19 for defined terms.

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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.

	Total number	Number quoted	Issue price per security (see note3) (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	Nil	Nil
	Nil	Nil
7.3 +Ordinary securities FSE 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	100,000,000	50,937,052		Fully paid
	-	687,054 Ordinary Shares released from escrow on 17 May 2012		Fully paid
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7 Options SNYOC1 SNYOPT1 SNY03 SNY04 SNY05 SNYOIP1 SNYOIP2 SNYONV1 SNYONV2 7.8 Issued during quarter	5,000,000 53,000,000 4,000,000 4,000,000 4,000,000 5,000,000 5,000,000 5,000,000 5,000,000	Nil Nil Nil Nil Nil Nil Nil Nil Nil	Exercise price 20 Cents 20 Cents 20 Cents 20 Cents 20 Cents 25 Cents 30 Cents 25 Cents 30 Cents	Expiry date 19 Jan 2015 19 Jan 2015 19 Jan 2015 19 Jan 2016 19 Jan 2017 Various Various Various Various

• See chapter 19 for defined terms.

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7.9	Exercised
	during quarter
7.10	Expired during
	quarter
7.11	Debentures
	(totals only)
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 Act or other standards acceptable to ASX (see note 5).

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

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Sign here: ............................................................ Date: 31 July 2012 Company Secretary

Print name: Sophie Raven

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 1022: Accounting for Extractive Industries and AASB 1026: 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.

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