28 Events after the reporting period On 8 July 2022, independent expert McDaniel & Associates estimated the Alameda (previously, N) reservoir to contain 2.3 billion barrels of oil in place for a Prospective Resource of 148 million barrels1. On 1 August 2022, independent expert McDaniel & Associates estimated the Marti (previously, I) reservoir to contain 1.5 billion barrels of oil in place for a Prospective Resource of 95 million barrels1. All of the volumes quoted above are on a 100% share unrisked mean estimate basis. As of the reporting date, the Company has received approximately $15.9 million from exercise of listed options (ASX: MAYO) and issued 452,983,946 fully paid ordinary shares. No other matters or circumstance has arisen since 30 June 2022 that has significantly affected, or may significantly affect the consolidated entity’s operations, the result of those operations, or the consolidated entity’s state of affairs in future financial years. 29 Reconciliation of loss after income tax to net cash used in operating activities 30-June-22 $ 30-June-21 $ Profit/(Loss) after income tax expense for the year 6,332,812 (1,398,123) Adjustments for: Non-cash items – 52,602 Non-operating activity income (10,391,856) – Depreciation and amortisation 121,641 20,488 Share-based payments 636,241 – Foreign exchange differences 747,260 460,520 Change in operating assets and liabilities (Increase)/decrease in other receivables (77,786) (49,641) (Increase)/decrease in prepayments 88,851 – Increase/(decrease) in operating trade and other payables 411,127 91,979 Increase/(decrease) in provisions 12,167 (1,178,186) Net cash used in operating activities (2,119,543) (2,000,361) 30 Earnings per share 30-June-22 $ 30-June-21 $ Profit/(loss) after income tax attributable to the owners of Melbana Energy Limited 6,332,812 (1,398,123) Weighted average number of ordinary shares used in calculating basic earnings per share 2,660,397,536 2,316,851,413 Weighted average number of ordinary shares used in calculating diluted earnings per share 3,054,070,678 2,316,851,413 Cents Cents Basic earnings per share 0.24 (0.06) Diluted earnings per share 0.21 (0.06) 49 Melbana Energy Limited Annual Report 2022
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