23rd Jul 2009 10:29
Listing Rule 5.3Appendix 5B Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.
Name of entityOILEX LTDABN Quarter ended ("current quarter") 50 078 652 632 30 JUNE 2009
Consolidated statement of cash flows
Current quarter Year to date (12 months)
Cash flows related to operating activities $A'000 $A'000
1.1 Receipts from product sales and related 922 2,056 debtors1.2 Payments for (a) exploration and (1,340) (26,332) evaluation (746) (2,632) (b) development (193) (911) (c) production (478) (3,922) (d) administration (net)1.3 Dividends received - -1.4 Interest and other items of a similar 38 802 nature received1.5 Interest and other costs of finance paid - -1.6 Income taxes paid - -1.7 Other (provide details if material) - - Net Operating Cash Flows (1,797) (30,939) Cash flows related to investing activities1.8 Payment for purchases of: (a) prospects - (4,128) (b) equity investments - - (c) other fixed assets - (192)1.9 Proceeds from sale of: (a) prospects - - (b) equity investments - 1,825 (c) other fixed assets 5 51.10 Loans to other entities - -1.11 Loans repaid by other entities 349 1,7741.12 Other (provide details if material) - - Net investing cash flows 354 (716)
1.13 Total operating and investing cash flows (1,443) (31,655)
(carried forward)
1.13 Total operating and investing (1,443) (31,655)
cash flows (brought forward)
Cash flows related to financing
activities
1.14 Proceeds from issues of shares, - 9,366 options, etc1.15 Proceeds from sale of forfeited - -
shares
1.16 Proceeds from borrowings (net) - -1.17 Repayment of borrowings - -1.18 Dividends paid - -1.19 Other (provide details if 20 - material) Net financing cash flows 20 9,366 Net increase (decrease) in cash (1,423) (22,289) held 1.20 Cash at beginning of quarter/year 12,635 33,487 to date1.21 Exchange rate adjustments to item (706) (692)
1.20
1.22 Cash at end of quarter 10,506 10,506
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the relatedentities Current quarter $A'000 1.23 Aggregate amount of payments to the parties 227
included in item 1.2
1.24 Aggregate amount of loans to the parties included
in item 1.10
1.25 Explanation necessary for an understanding of the transactions
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.
Amount available Amount used $A'000 $A'0003.1 Loan facilities - -3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
$A'0004.1 Exploration and evaluation 1,0004.2 Development - Total 1,000
Reconciliation of cash
Reconciliation of cash at the end of the Current quarter Previous quarter quarter (as shown in the consolidated statement of cash flows) to the related
$A'000 $A'000
items in the accounts is as follows.
5.1 Cash on hand and at bank 9,297 11,3645.2 Deposits at call 1,209 1,2715.3 Bank overdraft - -5.4 Other (provide details) - - Total: cash at end of quarter 10,506 12,635 (item 1.22)
Changes in interests in mining tenements
Tenement Nature of Interest Interest reference interest at at end beginning of quarter (note (2)) of quarter 6.1 Interests in mining tenements relinquished, Refer to Permit reduced or lapsed Schedule in Quarterly Report 6.2 Interests in Refer to Permit mining tenements Schedule in acquired or Quarterly Report increased
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 Amount paid per security up per security7.1 Preference +securities - - - - (description)7.2 Changes during quarter - - - - (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions7.3 +Ordinary securities 176,054,885 176,054,885 Various -7.4 Changes during quarter (a) Increases through - - - issues (options exercised) (b) Decreases through returns of capital, - - buy-backs7.5 +Convertible debt - - - -
securities (description)
7.6 Changes during quarter - - - - (a) Increases through issues (b) Decreases through securities matured, converted7.7 Options Exercise Expiry date price (description and 775,000 - $0.50 31/07/2009 conversion factor) 775,000 - $0.65 31/07/2009 500,000 - $1.50 31/10/2009 500,000 - $1.75 31/10/2009 4,250,000 - $0.80 14/12/2009 500,000 - $1.00 31/12/2009 3,000,000 - $1.50 31/12/2009 450,000 - $1.40 31/01/2010 400,000 - $2.00 31/01/2010 4,500,000 - $0.50 31/03/2010 300,000 - $1.75 31/03/2010 350,000 - $1.60 30/04/2010 350,000 - $2.10 30/04/2010 775,000 - $0.90 31/07/2010 500,000 - $2.00 31/10/2010 400,000 - $2.50 31/01/2011 2,500,000 - $2.00 31/03/2011 300,000 - $2.25 31/03/2011 350,000 - $2.70 30/04/2011 900,000 - $1.75 30/06/2011 900,000 - $2.25 30/06/2011 3,900,000 - $2.00 1/07/2011 3,900,000 - $2.50 1/07/2011 500,000 - $1.57 30/09/2011 300,000 - $2.75 31/03/2012 900,000 - $2.75 30/06/2012
Issued and quoted securities at end of current quarter (cont'd)
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
Total number Number quoted Issue price Amount paid per security up per security 2006 Performance Rights 60,000 Tranche 1 expire 1/07/2011 178,000 Tranche 2 expire 1/07/2011 173,000 Tranche 3 expire 1/07/2011 2007 Performance Rights 120,000 Tranche 1 expire 1/07/2012 120,000 Tranche 2 expire 1/07/2012 120,000 Tranche 3 expire 1/07/2012 2008 Performance Rights 84,000 Tranche 1 expire 1/07/2013 35,000 Tranche 2 expire 1/07/2013 36,000 Tranche 3 expire 1/07/20137.8 Issued during - - - - quarter7.9 Exercised during quarter7.10 Expired during 151,000 - - - quarter 7.11 Debentures Nil Nil (totals only)7.12 Unsecured notes Nil Nil (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.
2 This statement does give a true and fair view of the matters disclosed.
Sign here: Date: 23 July 2009(Director)Print name: Ben Clube == == == == ==
vendorRelated Shares:
OEX.L