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) January 16, 2001
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 January 16, 2001, Coastal Petroleum Company filed a lawsuit against
the State of Florida seeking compensation for the State's taking of its property
rights to explore for oil and gas within its state lease in the Gulf of Mexico.
A Coastal Petroleum Company press release relating to the above
development is filed herewith as an exhibit and incorporated herein by
reference.
On January 15, 2001, Timothy L. Largay was elected a director and a
Vice President of the Company. Mr. Largay, age 57, has been a partner in the
law firm of Murtha Cullina LLP Hartford, Connecticut since 1974.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
(99) Additional Exhibits
(a) Press release dated January 16, 2001.
(b) Complaint filed January 16, 2001 in the
Leon County Circuit Court, Coastal Petroleum Company, Plaintiff vs. State
of Florida, Department of Environmental Protection, and Board of Trustees
of the Internal Improvement Fund, Defendants.
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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/ Benjamin W. Heath
Benjamin W. Heath
President
Date: January 18, 2001
