SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 15, 1998
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PYR Energy Corporation
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(Exact name of registrant as specified in its charter)
Delaware 0-20879 95-4580642
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
1675 Broadway, Suite 1150, Denver, Colorado 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 825-3748
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Item 5. Other Events.
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Press Release. The press release of the Registrant dated May 15, 1998,
which is filed as an exhibit hereto, is incorporated herein by reference.
Item 7. Financial Statements And Exhibits.
(c) Exhibits.
Exhibit Index
Exhibit
Number Description
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99.1 Press release dated May 15, 1998.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: May 18, 1998 PYR ENERGY CORPORATION
By: /s/ Andrew P. Calerich
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Andrew P. Calerich
Chief Financial Officer
EXHIBIT 99.1
On May 15, 1998, the Registrant issued the following press release:
"PYR ENERGY COMMENCES DRILLING CALIFORNIA EXPLORATION WELL
DENVER -- PYR Energy Corporation (OTC EBB: PYRX) today announced the start of
drilling operations on its Mastiff Prospect (East Lost Hills) wildcat well in
Kern County, California. PYR Energy has a 10.38% working interest in the well
and prospect. The Bellevue Resources et al #1-17 East Lost Hills well, located
in SE1/4, Sec 17, T26S, R21E, is to be drilled to an estimated total depth of
19,000 feet and is anticipated to take approximately 120 days to reach total
depth. The well is designed to test prospective Miocene sandstone reservoirs in
the Temblor Formation.
Bellevue Resources Inc., a subsidiary of Elk Point Resources, Ltd., is operator
of the well. Other participants in the well include: Armstrong Resources, LLC,
Berkley Petroleum Corporation, Ceniarth Inc., Paramount Resources, Ltd., Prima
Energy Corporation, Richland Petroleum Corporation, STB Energy, Inc. and
Westminster Resources, Ltd. PYR Energy and partners control approximately 20,000
net acres of leasehold over the prospect.
PYR Energy Corporation applies advanced 3-D seismic and computer-aided
exploration technologies to systematically explore for and exploit onshore oil
and natural gas accumulations in the western United States.
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This release contains forward-looking statements regarding PYR Energy
Corporation's future plans and expected performance based on assumptions the
Company believes to be reasonable. A number of risks and uncertainties could
cause actual results to differ materially from these statements, including,
without limitation, the success rate of exploration efforts and the timeliness
of development activities, fluctuations in oil and gas prices, and other risk
factors described from time to time in the Company's reports filed with the SEC.
In addition, the Company operates in an industry sector where securities values
are highly volatile and may be influenced by economic and other factors beyond
the Company's control."
