PTR MINERALS LTD — Interim / Quarterly Report 2015

Oct 29, 2015

ASX Release

30 October 2015

ASX Code: PTR

ABN 17 106 806 884

C/- HLB Mann Judd (SA) Pty Ltd 169 Fullarton Road DULWICH SA 5065

T: +61 8 8133 5000 F: +61 8 8431 3502 W: www.petratherm.com.au/ E: admin@petratherm.com.au

PETRATHERM LIMITED ABN 17 106 806 884

Quarterly Activities Statement – September 2015

Summary

• The Company held $ 384,000 cash at the end of the quarter.
• New projects are being actively pursued that will lead to enhance shareholder value.

Review of Operations

Quarterly exploration and evaluation costs amounted to $7,000 relating to our Spanish and Paralana projects. There were minimal exploration activities undertaken on the Company's sole Tasmanian oil and gas tenement. The Company had ongoing administration costs of $87,000 primarily relating to compliance, due diligence review and office costs during the quarter. The Company held $384,000 cash at the end of the quarter.

During the period the Company examined a number of potential new projects but the directors are yet to decide on a project to bring forward for shareholders' consideration.

The Company is continuing to explore ways of containing costs whilst reviewing new projects that will be accretive to shareholder value.

Yours faithfully

Terry Kallis Executive Director

MEDIA CONTACT: Terry Kallis Petratherm Limited 0419 810 153

dRule 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
----------------	--

PETRATHERM LTD

ABN Quarter ended ("current quarter")

17 106 806 884 30 September 2015

Consolidated statement of cash flows

	Cash flows related to operating activities	Current quarter$A'000	Year to date (3months)
			$A'000
1.1	Receipts from product sales and relateddebtors	-	-
1.2	Payments for(a) exploration & evaluation(b) development	(7)-	(7)-
	(c) production(d) administration	-(87)	-(87)
1.3	Dividends received	-	-
1.4	Interest and other items of a similar naturereceived	2	2
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Other (Joint Venture Repayments)	-	-
	Other ( R & D Tax Offset)	-	-
		(92)	(92)
	Net Operating Cash Flows
	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	-	-

+ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows(brought forward)	(92)	(92)
1.141.151.161.171.181.19	Cash flows related to financing activitiesProceeds from issues of shares, options, etc.Proceeds from sale of forfeited sharesProceeds from borrowingsRepayment of borrowingsDividends paidOther (share issue costs)	------	------
	Net financing cash flows	-	-
	Net increase (decrease) in cash held	(92)	(92)
1.201.21	Cash at beginning of quarter/year to dateExchange rate adjustments to item 1.20	476-	476-
1.22	Cash at end of quarter	384	384

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	36
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, wages and 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 consolidated assets 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

+ See chapter 19 for defined terms.

Financing facilities available

Add notes as necessary for an understanding of the position.

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

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	35
4.2	Development	-
4.3	Production	-
4.4	Administration	68
	Total	103

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows)to the related items in the accounts is as follows.	Current quarter$A'000	Previous quarter$A'000
5.1	Cash on hand and at bank	154	246
5.2	Deposits at call	230	230
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	384	476

Changes in interests in mining tenements

		Tenementreference	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
6.1	Interests in miningtenements relinquished,reduced or lapsed		Refer to Appendix 1

+ See chapter 19 for defined terms.

tenements acquired orincreased	6.2	Interests in mining		Refer to Appendix 1
------------------------------------	-----	---------------------	--	---------------------	--	--

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 persecurity (seenote 3) (cents)	Amount paid up persecurity (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	519,692,579	519,692,579	Fully Paid	Fully Paid
	securities
7.4	Changes during
	quarter
	(a) Increases	-	-	-	-
	through issues
	(b) Decreases	-	-	-	-
	through returns
	of capital, buy
	backs
7.5	+Convertible	-	-	-	-
	debt
	securities
	(description)
7.6	Changes duringquarter
	(a) Increases
	through issues	-	-	-	-
	(b) Decreases
	through	-	-	-	-
	securities
	matured,
	converted
7.7	Options			Exercise price	Expiry date
	(description and
	conversion	1,100,000		$0.15	30/01/2016
	factor)	350,000		$0.14$0.13	8/01/20172/03/2017
		500,000

+ See chapter 19 for defined terms.

7.8	Issued duringquarter	-		-	-
7.9	Exercisedduring quarter	-		-	-
7.10	Expired duringquarter	-		--	-
		-			-
7.11	Debentures(totals only)	-	-
7.12	Unsecurednotes (totalsonly)	-	-

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.

(Company secretary)

Sign here: ............................................................ Date: 30th October 2015

Print name: Donald Stephens................................

+ See chapter 19 for defined terms.

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.

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