United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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) August 16, 1996
Coastal Caribbean Oils & Minerals, Ltd.
(Exact name of registrant as specified in its charter)
Bermuda 1-4668 NONE
State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Clarendon House, Church Street, Hamilton HM DX, BERMUDA NONE
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (441) 295-1422
(Former name or former address, if changed since last report.)
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FORM 8-K
COASTAL CARIBBEAN OILS & MINERALS, LTD.
Item 5. Other Events
On August 16, 1996, the Company was notified by the Florida Department of
Environmental Protection ("DEP") that the DEP was ready to issue an offshore
drilling permit to Coastal Petroleum Company, its majority owned subsidiary. The
position of the DEP is that the permit issuance is subject to publication of the
DEP's Notice of Intent. The Company has notified the DEP that the Notice of
Intent is not required by either law or regulation.
A press release and related notification letter relating to these
developments is filed herewith as exhibits 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 August 16, 1996.
(b) Letter from the Department of Environmental Protection to
Robert J. Angerer, Esq. with attachment of DEP Notice of
Intent to Issue Permit.
<PAGE>
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.
COASTAL CARIBBEAN OILS & MINERALS, LTD.
(Registrant)
By /s/ James R. Joyce
---------------------
James R. Joyce
Treasurer
Date: August 21, 1996
<PAGE>
- -
EXHIBIT INDEX
Exhibit Description
99(a) Press release of the registrant dated
August 16, 1996
99(b) Letter from the Department of Environmental Protection to
Robert J. Angerer, Esq. with attachment of DEP Notice of
Intent to Issue Permit.
<PAGE>
FLORIDA READY TO ISSUE
OFFSHORE DRILLING PERMIT
TO COASTAL PETROLEUM COMPANY
APALACHICOLA, Fla., Aug. 16. 1996 --Coastal Petroleum Company said it has
been notified by the Florida Department of Environmental Protection (DEP) that
the agency has prepared and is ready to issue an offshore drilling permit to
Coastal, subject to publication of the DEP's Notice of Intent. When issued, the
one-year, renewable permit would allow coastal to drill an exploration well
approx. eight miles southeast of the Bob Sikes Cut on St. George Island, or
about 17 miles southeast of Apalachicola,. the company said. Coastal Petroleum
Company is a majority-held subsidiary of Coastal Caribbean oils & Minerals. Ltd.
[Boston: CCO-B; CCO-BN]
-RMB-
Contact: Phillip W. Ware, at (904) 653-2732
<PAGE>
Department of
Environmental Protection
Marjory Stoneman Douglas Building
Lawton Chiles 3900 Commonwealth Boulevard Virginia B. Wetherell
Governor Tallahassee, Florida 32399-3000 Secretary
August 16, 1996
Robert J. Angerer, Esq.
ANGERER & ANGERER
150 S. Monroe Street; Suite 300
Tallahassee, Florida 32301
RE- Coastal Petroleum Company Permit Application No, 1281
Dear Mr. Angerer:
This is official notification that the Department of Environmental Protection
has prepared, and is ready to issue, your permit for the above-captioned
application for exploratory drilling in Florida's offshore waters. However, the
Department believes that the activities associated with this permit are highly
controversial and the issuance of this permit will result in public concern for
natural resources of the state and/or requests for administrative proceedings.
Pursuant to Rule 62C-103.150(2)(a)2, Florida Administrative Code (F.A.C,), the
Department shall require an applicant to publish a Notice of Intent to Issue
where, it finds that the project is reasonably expected to result in a
heightened public concern or likelihood of request for administrative
proceedings because of the project's size, potential effect on the environment
or natural resources, controversial nature or location.
Therefore, the Department is requiring that you publish the enclosed
Notice of Intent to Issue Permit. Rule 62C-103.150(2)(c) and (d), F.A.C.,
provides that this notice shall be published one time only in the legal ad
section of a newspaper of general circulation in the area affected. For the
purpose of this rule, "publication in a newspaper of general circulation in the
area affected" means publication in a newspaper meeting the requirements of
Sections 50.011 and 50.031, Florida Statutes (F.S.), in the county where the
activity is to take place. You shall provide proof of publication to the
Department, at the address specified in the Notice of Intent, within seven days
of publication.
Sincerely,
/s/ Nevin Smith
Nevin Smith
Executive Services Director
Division of Administrative
And Technical Services
"Protect, Conserve and Manage Florida's Environment and Natural Resources"
Printed on recycled paper.
<PAGE>
STATE OF FLORIDA
DEPARTMENT OF ENVIRONMENTAL PROTECTION
NOTICE OF INTENT TO ISSUE PERMIT
The Department of Environmental Protection gives notice of it's intent to
issue an Oil & Gas Exploration Drilling permit (permit number 1281) to Coastal
Petroleum Company, whose agent is Mr. Phillip W. Ware, President, Coastal
Petroleum Company, Post Office Box 609, Apalachicola, Florida 32329.
The project site is located approximately 10 miles due south of the St.
George Island Bridge in State Waters off Franklin County, Florida.
A person whose substantial interests are affected by the Department's
proposed permitting decision may petition for an administrative proceeding
(hearing) in accordance with Section 120.57, Florida Statutes. The petition must
contain the information set forth below and must be filed (received) in the
Office of General Counsel of the Department at 3900 Commonwealth Boulevard, Mail
Stop 35, Tallahassee, Florida 32399-3000, within 14 days of publication of this
notice. Petitioner shall mail a copy of the petition to the applicant at the
address indicated above at the time of filing. Failure to file a petition within
this time period shall constitute a waiver of any right such person may have to
request an administrative determination (hearing) under Section 120.57, Florida
Statutes.
The Petition shall contain the following information: a) The name, address,
and telephone number of each petitioner, the applicant's name and address, the
Department Permit File Number and the county in which the project is proposed;
b) A statement of how and when each petitioner received notice of the
Department's action or proposed action; c) A statement of how each petitioner's
substantial interests are affected by the Department's action or proposed
action; d) A statement of the material facts disputed by Petitioner, if any; e)
A statement of facts which petitioner contends warrant reversal or modification
of the Department's action or proposed action; f) A statement of which rules or
statutes petitioner contends require reversal or modification of the
Department's action or proposed action; and g) A statement of the relief sought
by petitioner, stating precisely the action petitioner wants the Department to
take with respect to the Department's action or proposed action.
If a petition is filed, the administrative hearing process is designed to
formulate agency action. Accordingly, the Department's final action may be
different from the position taken by it in this Notice. Persons whose
substantial interests will be affected by any decision of the Department with
regard to the application have the right to petition to become a party to the
proceeding. The petition must conform to the requirements specified above and be
filed (received) within 14 days of publication of this notice in the Office of
General Counsel at the above address of the Department. Failure to petition
within the allowed time frame constitutes a waiver of any right such person has
to request a hearing under Section 120.57, F.S., and to participate as a party
to this proceeding. Any subsequent intervention will only be at the approval of
the presiding officer upon motion filed pursuant to Rule 28-5,207, F.A.C.
The application is available for public inspection during normal business
hours, 8:00 a.m. to 5:00 p.m., Monday through Friday, except legal holidays, at
Department of Environmental Protection, Bureau of Geology, the Gunter Building,
Florida State University, 903 West Tennessee St., Tallahassee, Florida
32304-7700.
