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PATERSON RESOURCES LTD Interim / Quarterly Report 2006
65618_rns_2007-01-30_9c927238-a61a-42a4-b503-577a244e45c5.pdf
Interim / Quarterly Report
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Appendix 5B
$Rule 5.3$
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.
Name of entity
URANIUM OIL AND GAS LIMITED
ACN
115 593 005
Quarter ended ("current quarter") 31 December 2006
Year to date
$(6$ months)
Current quarter
$A'000
Consolidated statement of cash flows
Cash flows related to operating activities
| $A'000 | |||
|---|---|---|---|
| 1.1 | Receipts from product sales and related debtors | ||
| $\Theta$ | |||
| 1.2 | Payments forexploration(a)and | ||
| evaluation | (52) | (57) | |
| (b) development | |||
| (c) production | |||
| (d) administration | (131) | (280) | |
| 1.3 | Dividends received | 0 | 0 |
| 1.4 | Interest and other items of a similar nature | 58 | |
| 1.5 | receivedInterest and other costs of finance paid | 103 | |
| 1.6 | Income taxes paid- GST | (21) | (91) |
| 1.7 | Other (provide details if material)-OPTION | ||
| FEE INCOME | 0 | 20 | |
| Net Operating Cash Flows | (146) | 305) | |
| Cash flows related to investing activities | |||
| 1.8 | Payment for purchases of: (a)prospects | $\Omega$ | |
| (b)equity | |||
| investments (non listed) | (200) | (200) | |
| otherfixed(c) | |||
| assets -MINING BONDS | (10) | (10) | |
| - Deposit on property | (50) | (50) | |
| 1.9 | Proceeds from sale of:(a)prospects | ||
| (b)equity | |||
| investments | |||
| (c)otherfixed | |||
| assets | |||
| 1.101.11 | Loans to other entities | ||
| 1.12 | Loans repaid by other entities | (100) | (100)280 |
| Other-Loans repaid/from director entity | (176) | ||
| Net investing cash flows | (536) | (80) | |
| 1.13 | Total operating and investing cash flows | ||
| (carried forward) | (682) | (385) |
$+$ See chapter 19 for defined terms.
| 1.13 | Total operating and investing cash flows(brought forward) | (682) | (385) |
|---|---|---|---|
| Cash flows related to financing activities | |||
| 1.14 | Proceeds from issues of shares, options, etc. | 151. | 6.824 |
| 1.151.16 | Proceeds from sale of forfeited sharesProceeds from borrowings | ||
| 1.17 | Repayment of borrowings | ||
| 1.18 | Dividends paid | ||
| 1.19 | Other- Capital Raising Costs | (591) | (892) |
| Net financing cash flows | (440) | 5,932 | |
| Net increase (decrease) in cash held | (1,122) | 5,547 | |
| 1.201.21 | Cash at beginning of quarter/year to dateExchange rate adjustments to item 1.20 | 6,678 | 9 |
| 1.22 | Cash at end of quarter | 5,556 | 5,556 |
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 | 262 |
| 1.24 | Aggregate amount of loans to the parties included in item 1.10 | 0 |
1.25 Explanation necessary for an understanding of the transactions Salaries, director fees, management fees and superannuation
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.
Financing facilities available
Add notes as necessary for an understanding of the position.
| Amount available$A'000 | Amount usedSA'000 | ||
|---|---|---|---|
| 3.1 | Loan facilities | ||
| 3.2 | Credit standby arrangements |
Estimated cash outflows for next quarter
| Total | 100 | |
|---|---|---|
| 4.2 | Development | v |
| 4.1 | Exploration and evaluation | 100 |
| $A'000 |
Reconciliation of cash
| Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe related items in the accounts is as follows. | Current quarter$A'000 | Previous quarter$A'000 | |
|---|---|---|---|
| 5.1 | Cash on hand and at bank | 502 | |
| 5.2 | Deposits at call | 5,054 | |
| 5.3 | Bank overdraft | 0 | |
| 5.4 | Other (provide details) | Ω | |
| Total: cash at end of quarter (item 1.22) | 5.556 |
Changes in interests in mining tenements
| Tenementreference | Nature of interest(note (2)) | Interestatbeginning ofquarter | Interest atend ofquarter | ||
|---|---|---|---|---|---|
| 6.1 | Interests in miningtenements relinquished,reduced or lapsed | ||||
| 6.2 | Interests in miningtenements acquired orincreased | SA2006/0203SA2006/2004SA2006/2006SA2006/2007SA2006/200852/2016 | ALL APPLICATIONS |
+ See chapter 19 for defined terms.
Issued and quoted securities at end of current quarterDescription includes rate of interest and any redemption or conversion rights together with prices and dates.
| Total number | Number quoted | Issue price per | Amount paid up per | ||
|---|---|---|---|---|---|
| security (see note$3)$ (cents) | 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, | |||||
| 7.3 | redemptions+ Ordinary | 64,694,353 | 42,919,353 | 20 cents | 20 cents |
| securities | |||||
| 7.4 | Changes during | ||||
| quarter(a) Increases | 35,694,350 | ||||
| through issues | |||||
| (b) Decreases | |||||
| through returnsof capital, buy- | |||||
| backs | |||||
| $7.5,$ | + Convertible | ||||
| debt securities | |||||
| 7.6 | (description)Changes during | ||||
| quarter | |||||
| (a) Increases | |||||
| through issues | |||||
| (b) Decreasesthrough | |||||
| securities | |||||
| matured, | |||||
| converted | |||||
| 7.7 | Options(description and | 37,407,800 | 18,007,800 | Exercise price$20$ cents | Expiry date4 August 2010 |
| conversion | |||||
| factor) | |||||
| 7.8 | Issued during | 18,034,059 | 18,034,059 | ||
| 7.9 | quarterExercised during | 126,250 | |||
| quarter | |||||
| 7.10 | Expired during | 0 | |||
| quarter | |||||
| 7.11 | Debentures(totals only) | ||||
| 7.12 | Unsecured | ||||
| notes (totals | |||||
| only) | |||||
+ See chapter 19 for defined terms.
Compliance statement
- $\mathbf{I}$ 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 4).
- $\overline{2}$ This statement does give a true and fair view of the matters disclosed.
Sign here:
Print name: JOHN VAN DIEREN
Notes
- $\mathbf{I}$ 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.
- $\overline{2}$ 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.