Appendix 5B

Name of entity

Jupiter Energy Limited

ABN

Quarter ended ("current quarter")

65 084 918 481

31 December 2011

Cash flows related to operating activities

Current quarter

$A'000

Year to date (6 months)

$A'000

1.1

Receipts from product sales and related debtors

-

31

1.2

Payments for (a) exploration and evaluation

(b) development

(c) production

(d) administration

(5,939)

-

-

(1,808)

(10,113)

-

-

(2,952)

1.3

Dividends received

-

-

1.4

Interest and other items of a similar nature received

7

20

1.5

Interest and other costs of finance paid

-

-

1.6

Income taxes paid

-

-

1.7

GST received

-

-

Net Operating Cash Flows

(7,740)

(13,014)

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

-

-

Net investing cash flows

-

-

1.13

Total operating and investing cash flows (carried forward)

(7,740)

(13,014)

Cash flows related to financing activities

1.14

Proceeds from issues of shares, options, etc.- con note

3,464

3,464

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 - cost of con note issue

(34)

(34)

Net financing cash flows

3,430

3,430

Net increase (decrease) in cash held

(4,310)

(9,584)

1.20

Cash at beginning of quarter/year to date

9,357

13,965

1.21

Exchange rate adjustments to item 1.20

(446)

220

1.22

Cash at end of quarter

4,601

4,601

Current quarter

$A'000

1.23

Aggregate amount of payments to the parties included in item 1.2

130

1.24

Aggregate amount of loans to the parties included in item 1.10

-

1.25

Explanation necessary for an understanding of the transactions

Director and consulting fees for the quarter 31 December 2011

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

Amount available

$A'000

Amount used

$A'000

3.1

Loan facilities

N/A

N/A

3.2

Credit standby arrangements

N/A

N/A

$A'000

4.1

Exploration and evaluation

1,230

4.2

Development

-

4.3

Production

300

4.4

Administration

901

Total

2,431

Reconciliation of cash at the end of the quarter (as shown 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

4,601

9,357

5.2

Deposits at call

-

-

5.3

Bank overdraft

-

-

5.4

Other (provide details)

-

-

Total: cash at end of quarter (item 1.22)

4,601

9,357

Tenement reference

Nature of interest

(note (2))

Interest at beginning of quarter

Interest at end of quarter

6.1

Interests in mining tenements relinquished, reduced or lapsed

6.2

Interests in mining tenements acquired or increased

Total number

Number quoted

Issue price per security (see note 3) (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

7.3

+Ordinary securities

115,863,487

115,863,487

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 (description)

4,600,000

-

$0.75

$0.75

7.6

Changes during quarter

(a) Increases through issues

(b) Decreases through securities matured, converted

7.7

Options (description and conversion factor)

Performance rights

200,001

266,668

400,000

2,133,335

-

-

-

-

-

Exercise price

$2.775 per share

$2.25 per share

$1.50 per share

Subject to a minimum increase of 25%, the Performance Rights for each holder shall vest in proportion to the % increase in the Share price of the Company above 73.5 cents basis (Vesting Condition)

Expiry date

31 December 2012

31 December 2012

31 December 2012

25 August 2012.

7.8

Issued during quarter

7.9

Exercised during quarter

7.10

Expired during quarter:

Performance Rights

7.11

Debentures

(totals only)

7.12

Unsecured notes (totals only)