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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) May 15, 1995
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FOUNTAIN OIL INCORPORATED
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(Exact name of registrant as specified in its charter)
Oklahoma 0-9147 91-0881481
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1023 West 23rd Street, Tulsa, Oklahoma 74107
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 918-582-7299
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On May 15, 1995, Registrants Common Stock was listed and admitted for
trading on the Oslo Stock Exchange. This secondary listing is in addition to
the primary listing of Registrant's Common Stock on the Nasdaq National Market.
As part of the listing procedure for the Oslo Stock Exchange, Registrant was
required to set forth its financial objectives in a document published by the
Oslo Stock Exchange. In connection therewith, Registrant stated:
The Company has defined a set of financial objectives for its planning
purposes. These objectives are as follows:
- Net proven reserves of 140 million barrels of oil equivalent within
5 years.
- Production in 5 years: 10,000 barrels of oil equivalent per day.
- An anticipated internal rate of return higher than 25% on projects
undertaken.
- An anticipated operating profit margin higher than 20% on projects
undertaken
These financial objectives have been and are currently being utilized by the
Company's management for purposes of establishing and implementing the
Company's business plan. A number of assumptions underlie these objectives,
including relatively stable industry conditions and oil and gas prices and
the availability of both equity and debt financing for the Company on
reasonable terms when needed. Such objectives may change from time to time
based upon altered conditions, revised analyses, the Company's actual
experience and other factors. The implementation of a business plan and the
achievement of financial objectives are inherently uncertain, particularly
when they relate to newly established activities as is the case with the
Company. No assurances can be given that the Company will be able to achieve
or will maintain as its objectives all or any of the foregoing financial
objectives. No representation is intended and no assurances can be given
with respect to the achievement of any performance standards, including
without limitation any that might be implied by the foregoing financial
objectives.
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SIGNATURES
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Pursuant to the requirement 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.
FOUNTAIN OIL INCORPORATED
Date: May 16, 1995 By: /s/ Robert B. Case
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Robert B. Case
Vice President
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