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: October 16, 1998
(Date of earliest event reported)
FORMAN PETROLEUM CORPORATION
(Exact name of Registrant as specified in charter)
Louisiana 333-31375 72-0954774
(State of Incorporation) (Commission File No.) (IRS Employer
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)
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Item 5. Other Events.
On October 16, 1998, the Board of Directors of Forman
Petroleum Corporation (the "Company") approved the engagement by the
Company of CIBC Oppenheimer Corp. as the Company's exclusive financial
advisor in connection with the possible financial recapitalization of
the Company. A copy of the press release announcing the Oppenheimer
engagement is filed as Exhibit 99.1 and is incorporated herein by
reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description Page No.
99.1 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: October 20, 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.
99.1 Press Release Filed Herewith
EXHIBIT 99.1
FOR IMMEDIATE RELEASE Date: October 19, 1998
Contact: Michael Price
Chief Financial Officer
Phone: (504) 586-8888
Fax: (504) 522-1796
Email: [email protected]
On October 16, 1998, the Board of Directors of Forman Petroleum
Corporation (the "Company") approved the engagement by the Company of CIBC
Oppenheimer Corp. ("Oppenheimer") as the Company's exclusive financial advisor
in connection with the possible financial recapitalization of the Company (the
"Recapitalization").
At the present time, the Company is not a party to any definitive
agreement or letter of intent with respect to any transaction in connection with
the Recapitalization. In connection with the Oppenheimer engagement, however,
the Company expects to review and conduct investigations from time to time with
respect to such transactions. It is the Company's policy, absent unusual
circumstances, not to comment publicly on discussions concerning proposals that
may be considered or transactions that may be pending with respect to the
Recapitalization. The Company also intends, absent unusual circumstances, to
refrain from making any further announcements or reports with respect to the
Recapitalization unless and until a definitive agreement has been executed by
the Company with respect to a transaction in connection with the
Recapitalization. There can be no assurance that the Company will consummate
any transactions in connection with the Recapitalization.
Forman Petroleum Corporation is headquartered at 650 Poydras Street,
Suite 2200, New Orleans, Louisiana.
