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SECURITIES AND EXCHANGE COMMISSION
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WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
AUGUST 2, 1999 (JULY 30, 1999)
BETA OIL & GAS, INC.
(Exact name of registrant as specified in its charter)
Nevada 333-68381 86-0876964
(State or other (Commission File Number) (I.R.S. Employer Identification No.)
jurisdiction of
incorporation or
organization)
901 Dove Street, #230, Newport Beach, Ca 92660
(Address of principal executive offices) (Zip Code)
(949) 752-5212
(Registrant's telephone number, including area code)
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Item 5. OTHER EVENTS
On July 30, 1999, Beta Oil & Gas, Inc. ("Registrant") completed its initial
public offering of common stock. Registrant sold 1,465,490 shares of common
stock at $6.00 per share out of the 1,500,000 maximum number of shares offered
pursuant to its S-1 Registration Statement which was declared effective July 1,
1999. Registrant intends to withdraw from registration the 34,510 unsold shares,
the 150,000 shares registered to satisfy an "Over-Allotment Option," and a total
of 31,878 shares issuable upon exercise of Selected Dealer Warrants in
connection with the unsold portion of the offering, including the Over-allotment
Option.
Upon completion of the initial public offering, Registrant has 8,982,982 shares
of common stock outstanding and 2,477,193 shares of common stock reserved for
issuance upon exercise of warrants. Registrant realized gross proceeds of
$8,792,948 from the sale of its common stock in the initial public offering,
before deducting commissions and offering expenses.
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 who is duly authorized.
BETA OIL & GAS, INC.
Date: August 2, 1999 By /s/ J. Chris Steinhauser
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J. Chris Steinhauser
Chief Financial Officer,
Principal Accounting Officer
and Director
