ABN 29 001 836 586 - ASX Code CRM
Seam Gas Pioneers of the Gunnedah Basin NSW
www.carbonminerals.com.au
Suite 3, Level 2, 66 Clarence Street Postal Address
SYDNEY NSW 2000 GPO Box 120
Phone +61 (0)2 9299 3655 SYDNEY NSW 2001
Fax + 61 (0)2 9299 8195
admin@carbonminerals.com.au
QUARTERLY ACTIVITIES REPORT to December 31, 2016 REVIEW of OPERATIONS GUNNEDAH BASIN COALBED METHANE PROJECTPETROLEUM EXPLORATION LICENCES 1 AND 12, NSW (GUNNEDAH BASIN)
These tenements are held by wholly owned subsidiary, Australian Coalbed Methane Pty Ltd (ACM) and are subject to a Joint Venture (JV) with Santos QNT Pty Ltd (Santos), as previously advised. Santos holds a 65% interest in the tenements and is the project Operator.
Field operations during the quarter remained limited to routine inspection and maintenance of existing wellheads, surface facilities and access tracks.
Community consultation by Santos included site tours for a number of PEL 1 landowners and other stakeholders.
No advice has been received from the NSW government regarding progress of the renewal applications for PELs 1 and 12.
Securing a cleaner energy future
CARBON MINERALS LIMITED ABN 29 001 836 586 QUARTERLY ACTIVITIES REPORT FOR THE QUARTER ENDED 31 DECEMBER 2016 Exploration Expenditure IncurredExploration expenditure incurred during the quarter ended 31 December 2016 on the group's projects is set out below:-
Project Amount IncurredNew South Wales
PELs 1 & 12 (Gunnedah Basin) $19,166
======
SCHEDULE OF MINERAL TENEMENTS AS AT 31 DECEMBER 2016LOCATION | TENEMENT | HOLDER | INTEREST | AREA | CURRENT TO |
New South | PEL 1 | ACM | 35%1 | 72 blocks | 10/02/20152 |
Wales: | |||||
Gunnedah | |||||
Bando | PEL 12 | ACM | 35%1 | 31 blocks | 26/09/20162 |
PEL Petroleum Exploration Licence
Key to Tenement HoldersACM Australian Coalbed Methane Pty Limited
NotesPELs 1 and 12 are subject to an arrangement with Santos QNT Pty Ltd ("Santos"), in which Santos has a 65% interest in each tenement.
Application for renewal submitted.
+Rule 5.5
Mining exploration entity and oil and gas exploration entity quarterly reportIntroduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16
Name of entity
CARBON MINERALS LIMITED
ABN Quarter ended ("current quarter")
29 001 836 586
31 DECEMBER 2016
Consolidated statement of cash flows | Current quarter $A | Year to date (12 months) $A | |
1. | Cash flows from operating activities | 6,228 | 27,561 |
1.1 | Receipts from customers | ||
1.2 | Payments for | ||
(a) exploration & evaluation | (4,610) | (145,837) | |
(b) development | - | - | |
(c) production | - | - | |
(d) staff costs | (1,896) | (2,449) | |
(e) administration and corporate costs | (47,546) | (211,343) | |
1.3 | Dividends received (see note 3) | - | - |
1.4 | Interest received | 32,223 | 119,249 |
1.5 | Interest and other costs of finance paid | - | - |
1.6 | Income taxes paid | - | - |
1.7 | Research and development refunds | - | - |
1.8 | Other (provide details if material) | - | (1,229) |
1.9 | Net cash from / (used in) operating | (15,601) | (214,048) |
activities |
2. | Cash flows from investing activities | - | - |
2.1 | Payments to acquire: | ||
(a) property, plant and equipment | |||
(b) tenements (see item 10) | - | - | |
(c) investments | - | - | |
(d) other non-current assets | - | - |
Consolidated statement of cash flows | Current quarter $A | Year to date (12 months) $A | |
2.2 | Proceeds from the disposal of: | - | - |
(a) property, plant and equipment | |||
(b) tenements (see item 10) | - | - | |
(c) investments | - | - | |
(d) other non-current assets | - | - | |
2.3 | Cash flows from loans to other entities | - | (11,000) |
2.4 | Dividends received (see note 3) | - | - |
2.5 | Other - loans repaid by other entities | - | 11,000 |
2.6 | Net cash from / (used in) investing | - | - |
activities |
| - - - - - - - - - | - - - - - - - - - |
- | - |
| 4,795,757 (15,601) - - - | 4,994,204 (214,048) - - - |
4,780,156 | 4,780,156 |
Carbon Minerals Ltd. published this content on 20 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2017 14:40:05 UTC.
Original documenthttp://www.carbonminerals.com.au/December%202016%20Quarterly%20Activities%20and%20Cashflow%20reports.pdf
Public permalinkhttp://www.publicnow.com/view/81429E5F1BC2FD9BC5DC7DB23530B23621452303