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 28, 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 27, 1996, the Company filed a petition with Florida's First
District Court of Appeal to order the state's Department of Environmental
Protection to issue an offshore drilling permit to the Company without further
delay.
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 August 28, 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 3, 1996
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EXHIBIT INDEX
Exhibit Description
99(a) Press release of the registrant dated
August 28, 1996
<PAGE>
COASTAL PETITIONS APPELLATE
COURT FOR IMMEDIATE ISSUANCE
OF OFFSHORE DRILLING PERMIT
TALLAHASSEE, Fla., Aug. 28, 1996 --Coastal Petroleum Company said it has
petitioned Florida's First District Court of Appeal to order the state's
Department of Environmental Protection (DEP) to issue an offshore drilling
permit to the company without further delays.
The company said the same court ruled last April that DEP had no legal
basis to deny its permit application.
Earlier this month, DEP announced it was ready to issue the permit, subject
to the company's publication of the agency's Notice of Intent, which could
reopen public hearings.
Coastal contended DEP had no authority to impose such a requirement on the
company and that the permit should be issued forthwith. The agency, however,
then reiterated its demand that Coastal publish the notice.
Phillip W. Ware, Coastal's president, said the company's petition argues
that DEP has imposed an illegal requirement to stall issuance of the permit for
the third time, and that the Court should overrule the agency and order it to
issue the permit immediately.
Ware said Coastal also has filed a formal Notice of Appeal of the DEP's
order to protect against a jurisdictional challenge by the agency.
Coastal Petroleum Company has a three-mile-wide leasehold, 7.4 to 10.4
miles offshore, that parallels Florida's Gulf Coast from Apalachicola Bay to
Naples, encompassing more than 1,250 square miles. It 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
