PTR MINERALS LTD — Interim / Quarterly Report 2008

Oct 30, 2007

APPENDIX 5B Mining exploration entity quarterly report

PETRATHERM LTD

			Quarter ended
ABN 17 106 806 884			30-Sep-07
	Consolidated statement of cash flows
			Current quarter	Year to date
	Cash flows related to operating activities			(12 months)
			$A'000	$A'000
	1.1 Receipts from product sales and related debtors		-	-
1.2	Payments for(a) exploration and evaluation		(504)	(504)
		(b) development
		(c) production
		(d) administration	(453)	(453)
1.3	Dividends received
1.4		Interest and other items of a similar nature received	128	128
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other - (Joint Venture Repayments)		86	86
1.7Other - REDI Grant Proceeds		22	22
	Net Operating Cash Flows		(721)	(721)
	Cash flows related to investing activities
1.8	Payment for purchases of:	(a) prospects	-	-
		(b) equity investments	-	-
		(c) other fixed assets	(13)	(13)
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		(13)	(13)
1.13	Total operating and investing cash flows
	(carried forward)		(734)	(734)

1.13	Total operating and investing cash flows(brought forward)	(734)		(734)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc	32		32
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 (Share issue costs)	(1)		(1)
	Net financing cash flows	31		31
	Net increase (decrease) in cash held	(703)		(703)
1.20	Cash at beginning of quarter / year to date	8,181		8,181
1.21	Exchange rate adjustments to item 1.20	-		-
1.22	Cash at end of quarter	7,478		7,478
	Payments to directors of the entity and associates of the directors
	Payments to related entities of the entity and associates of the			Current quarter $A'000
	related entities
1.23	Aggregate amount of payments to the parties included in item 1.2			120
1.24	-Aggregate amount of loans to the parties included in item 1.10
1.25	Explanation necessary for an understanding of the transactions
	Directors' fees, superannuation for the Quarter
	Non-cash financing and investing activities
2.1	Details of financing and investing transactions which have had a material effect on consolidatedassets and liabilities but did not involve cash flows
	Nil

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

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

Estimated cash outflows for next quarter	$A'000
4.1Exploration and evaluation	945
4.2Development	-
Total	945

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
5.1Cash on hand and at bank	217	128
5.2Deposits at call	7,261	8,053
5.3Bank overdraft	-	-
5.4Other (provide details) - 30 and 60 day term deposits	-	-
Total: cash at end of quarter (item 1.22)	7,478	8,181

Changes in interests in mining tenements

		Tenement	Nature of interest		Interest at Interest at
		reference		beginning	end of
			(note 2)	of quarter	quarter
6.1	Interests in mining tenementsrelinquished, reduced or lapsed	GEL 336	Acquired	0%	100%
6.2	Interests in mining tenementsacquired or increased

4

Issued and quoted securities at end of current quarter

		Total number	Number	Issue price per	Amount paid up
			quoted	security (cents)	per security (cents)
7.1	Preference securities
	(description)
7.2	Changes during quarter
	(a) Increases through
	issues
	(b) Decreases through
	returns of capital, buybacks, redemptions
7.3	Ordinary securities	57,774,626	57,774,626	Fully Paid	Fully Paid
7.4	Changes during quarter
	(a) Increases through
	issues
	(b) Decreases through
	returns of capital, buy
	backs
7.5	Convertible debt
	securities
7.6	(description)
	Changes during quarter(a) Increases through
	issues
	(b) Decreases through
	securities matured,
	converted
				Excise Price	Expiry Date
7.7	Options
	(description and	5,000,000		20 cents each	24/03/2009
	conversion factor)	2,600,000		20 cents each	4/04/2009
		2,000,000		20 cents each	26/07/2009
		650,000		20 cents each	27/07/2009
		40,000		31.5 cents each	23/08/2009
		50,000		32 cents each	15/12/2009
		30,000200,000		40 cents each32 cents each	31/12/201021/05/2011
		200,000		37 cents each	21/05/2011
		30,000		32 cents each	29/05/2011
		750,000		32 cents each	30/04/2012
		750,000		37 cents each	30/04/2013
		200,000		53 cents each	1/01/2012
		40,000		91 cents each	4/03/2012
		20,000		91 cents each	21/03/2012
		40,000		90 cents each	31/05/2012
		400,000		91 cents each	31/05/2013
		20,000		93 cents each	25/06/2013
7.8	Issued during quarter	200,000	200,000	97 cents each	25/06/2012

7.9	Exercised during quarter	(100,000)	(100,000)	32 cents each	30/04/2012
7.10	Cancelled during quarter
7.11	Debentures(totals only)
7.12	Unsecured notes(totals only)

Compliance statement

• 1.0 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).
• 2.0 This statement does give a true and fair view of the matters disclosed.

Sign here:………………………………………………….. Date: Company Secretary

30/10/2007

DONALD STEPHENS

Print name: …………………………………………………..

Notes

1.0	The quarterly report provides a basis for informing the market how the entity'sactivities have been financed for the past quarter and the effect on its cashposition. An entity wanting to disclose additional information is encouraged todo so, in a note or notes attached to this report.
2.0	The "Nature of interest" (items 6.1 and 6.2) includes options in respect ofinterests in mining tenements acquired, exercised or lapsed during the reportingperiod. If the entity is involved in a joint venture agreement and there areconditions precedent which will change its percentage interest in a miningtenement, it should disclose the change of percentage interest and conditionsprecedent in the list required for items 6.1 and 6.2.
3.0	Issued and quoted securities The issue price and amount paid up is not requiredin items 7.1 and 7.3 for fully paid securities.
4.0	The definitions in, and provisions of, AASB 1022: Accounting for ExtractiveIndustries and AASB 1026: Statement of Cash Flows apply to this report.
5.0	Accounting Standards ASX will accept, for example, the use of InternationalAccounting Standards for foreign entities. If the standards used do not address atopic, the Australian standard on that topic (if any) must be complied with.