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): February 16, 2000
Commission File Number: 0-7914
BASIC EARTH SCIENCE SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 84-0592823
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
8547 E. Arapahoe Rd. #J-464
Greenwood Village, Colorado 80112
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(Address of principal executive offices) (Zip Code)
(303) 773-8000
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(Registrant telephone including area code)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or such shorter period the registrant was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days.
Yes ( X ) No ( )
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practical date.
Common Stock: 16,530,487
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INFORMATION INCLUDED IN REPORT
Item 5. Other Events
On March 3, 2000, Basic Earth Science Systems, Inc. (Basic or the Company)
executed an amended loan agreement with its bank. Under the terms of the amended
agreement, which was made effective February 16, 2000, the expiration of the
loan was extended from April 1, 2000 until December 31, 2001. As before, the
Company is expected to make principal payments of $20,000 per month until
maturity and any remaining balance at maturity would then be due and payable.
In a concurrent action, the bank extended Basic's borrowing base and made an
additional $41,000 available for the purchase of two wells located in Divide
County, North Dakota.
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.
BASIC EARTH SCIENCE SYSTEMS, INC.
Date: March 3, 2000 By: /s/ Ray Singleton
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Ray Singleton, President
