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: December 1, 1998
(Date of earliest event reported)
FORMAN PETROLEUM CORPORATION
(Exact name of Registrant as specified in charter)
Louisiana 333-31375 72-0954774
(State or other juris- (Commission (IRS Employer
diction of incorporation) File No.) Identification No.)
650 Poydras Street, Suite 2200, New Orleans, Louisiana 70130
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone no., including area code: (504) 586-8888
N/A
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5. Other Events.
Forman Petroleum Corporation ("Forman") issued today a press
release in which the Company announced the nonpayment of the December 1, 1998
installment of interest due on the Company's 13.5% Senior Secured Notes Due
June 1, 2004. The Company has not yet determined whether to make the
interest payment within the thirty-day grace period provided for such payment
or to use any available funds for exploration and development projects. A
copy of the press release is filed with this report as Exhibit 99.4 and is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description Page No.
99.4 Press Release Filed Herewith
SIGNATURES
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.
FORMAN PETROLEUM CORPORATION
Dated: December 1, 1998 By: /s/ McLain J. Forman
McLain J. Forman
Chairman of the Board,
Chief Executive Officer and
President <PAGE>
INDEX TO EXHIBITS
Exhibit No. Description Page No.
99.4 Press Release Filed Herewith
Exhibit 99.4
FOR IMMEDIATE RELEASE Date: December 1, 1998
Contact: Michael Price
Chief Financial Officer
Phone: (504) 586-8888
Fax: (504) 522-1796
Email:[email protected]
Forman Petroleum Corporation (the "Company"), delivered today to
U.S. Trust Company of Texas, N.A., Trustee under the Indenture dated June 3,
1997 with respect to the Company's 13.5% Senior Secured Notes Due June 1,
2004 (the "Notes"), notice of the nonpayment of the December 1, 1998
installment of interest due on the Notes. The Company has not yet determined
whether to make the interest payment within the thirty-day grace period
provided for such payment or to use any available funds for exploration and
development projects.
Forman Petroleum Corporation is headquartered at 650 Poydras
Street, Suite 2200, New Orleans, Louisiana.
