United States
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) July 1, 1998
Canada Southern Petroleum Ltd.
(Exact Name of registrant as specified in its charter)
Nova Scotia, Canada 1-3793 98-0085412
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Suite 1410, One Palliser Square, 125 Ninth Avenue, S.E.,
Calgary, Alberta, Canada T2P 1G2
(Address of principal executive offices)
Registrant's telephone number, including area code (403) 269-7741
Not Applicable
(Former name or former address, if changed since last report.)
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FORM 8-K
CANADA SOUTHERN PETROLEUM LTD.
Item 5. Other Events
On July 1, 1998, the Company reported that the Kotaneelee trial had
been adjourned until September, when the Court of Queens Bench will reconvene
after its summer recess. The Company expects to complete its case during
September 1998.
The Company also reported that the B-38 well in the Kotaneelee gas
field is to undergo remedial work to correct a wellsite problem at an estimated
cost between $1 to $8 million (Cdn.).
A press release relating to these developments is filed herewith as an
exhibit and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(c) Exhibits
(99) Additional Exhibits
(a) Press release of the registrant dated July 1, 1998.
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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 hereunto duly authorized.
CANADA SOUTHERN PETROLEUM LTD.
(Registrant)
By /s/ M. A. Ashton
M. A. Ashton
President
Date: July 1, 1998
CANADA SOUTHERN'S LAWSUIT
ADJOURNED FOR THE SUMMER
CALGARY, Alberta, July 1, 1998 -- Canada Southern Petroleum Ltd.
(NASDAQ: CSPLF; Toronto/Boston/Pacific: CSW) said its lawsuit against Amoco
Canada and the other working-interest partners in the Kotaneelee gas field has
been adjourned until September, when the Court of Queens Bench will reconvene
after its summer recess.
The Company said it expects to complete the presentation of its case
during September. The Kotaneelee field, in which Canada Southern has a 30%
carried interest is now producing approximately 39 million cubic feet of gas
per day, according to a Company spokesman, who said one of the producing wells
is about to undergo remedial work.
The problem well, B-38, has a current output of about 11 million cubic
feet per day, the spokesman said, noting that estimated repair costs range from
$1 to $8 million (Cdn.). He further noted that there is no assurance the
working-interest partners will agree to the maximum expenditure.
Contact: James R. Joyce at (203) 245-7664
