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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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)
SEPTEMBER 22, 1999
EEX CORPORATION
(Exact name of Registrant as specified in its charter)
TEXAS 1-12905 75-2421863
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
2500 CityWest Boulevard, Suite 1400, Houston, Texas 77042
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including Area Code (713)243-3100
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ITEM 5. Other Events
Set forth below is the text of a News Release issued by EEX Corporation on
September 22, 1999:
EEX TEMPORARILY SUSPENDS MACKEREL DRILLING;
RIG MOVES TO LLANO APPRAISAL WELL
HOUSTON, TEXAS (September 22, 1999) -- EEX Corporation (NYSE: EEX) will
temporarily suspend further drilling of the well at its Mackerel Prospect on
Mississippi Canyon Block 620 in order to conduct additional seismic and
geological evaluations of the prospect using information obtained from the well.
The well was drilled to an approximate depth of 11,000 feet. As part of the
evaluation process, EEX will examine the feasibility of re-entering the well and
sidetracking updip at a later date.
After being released from the Mackerel location, the Glomar - Arctic I
semi-submersible rig will move into the Garden Banks area and begin drilling the
second appraisal well at Llano. This latest well will be located approximately
one mile northwest of the discovery well location on Garden Banks Block 386.
"The third well at Llano will test the western extent of this reservoir and
is expected to be drilled to approximately 26,000 feet into the Lower Pliocene
and Miocene sands encountered in the discovery well. The results from this well
should provide the confirmation necessary to move ahead with a development plan
for the Llano reserves," said David Henderson, Executive Vice President and
Chief Operating Officer.
EEX Corporation is an oil and natural gas exploration and production
company with activities focused in Texas, the Gulf of Mexico and Indonesia.
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 thereunto duly authorized.
EEX Corporation
By: /s/ T. E. Coats
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T. E. Coats
Vice President and
Controller
Date: September 24, 1999
