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) September 13, 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
ddress 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
Florida's First District Court of Appeal has ordered the state Department
of Environmental Protection to show cause why it should not immediately issue an
offshore drilling permit to the Company's subsidiary, Coastal Petroleum Company.
A press release relating to this development 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 September 13, 1996.
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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 thereunto duly authorized.
COASTAL CARIBBEAN OILS & MINERALS, LTD.
(Registrant)
By /s/ James R. Joyce
James R. Joyce
Treasurer
Date: September 16, 1996
<PAGE>
EXHIBIT INDEX
Exhibit Description
99(a) Press release of the registrant dated
September 13, 1996
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Coastal Caribbean Oils & Minerals, Ltd.
NEWS RELEASE
FLORIDA'S DEP MUST SHOW CAUSE
WHY COASTAL PETE PERMIT
SHOULD NOT BE ISSUED
APALACHICOLA, Fla.,. Sept. 13, 1996 --Coastal Petroleum Company said
Florida's First District Court of Appeal has ordered the state Department of
Environmental Protection to show cause why it should not immediately issue an
offshore drilling permit to Coastal.
Last month, after a Florida Supreme Court ruling in favor of Coastal, the
agency indicated its readiness to issue the permit, subject, however, to
Coastal's publication of a notice that could reopen repetitive administrative
hearings, the company said.
Coastal objected to the publication requirement; and, on Aug. 27,
petitioned the Court of Appeal to issue an order that would require the agency
to issue the permit to Coastal without further delays.
A Coastal spokesman said the agency must respond to the show cause order
within 20 days, with Coastal's reply to follow within 10 days.
Coastal is seeking to commence drilling operations on its 800,000-acre
offshore leasehold along Florida's Gulf Coast. It is a majority-held subsidiary
of Coastal Caribbean Oils Minerals Ltd. [Boston: CCO-B; CCO-BN]
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Contact: Phillip W. Ware, at (904) 653-2732
