SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 2 TO
SCHEDULE 14D-1
Tender Offer Statement
Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934
ENEX RESOURCES CORPORATION
(Name of Subject Company)
MIDDLE BAY OIL COMPANY, INC.
(Purchaser)
COMMON STOCK, $.05 PAR VALUE
(Title of Class of Securities)
292744208
(CUSIP Number of Class of Securities)
JOHN J. BASSETT, PRESIDENT
MIDDLE BAY OIL COMPANY, INC.
1221 LAMAR, SUITE 1020
HOUSTON, TEXAS 77010
(713) 759-6808
(Name, Address and Telephone Number of Persons Authorized to
Receive Notices and Communications on Behalf of Purchaser)
Copies to:
H. Grady Thrasher, III, Esq.
Thrasher, Whitley, Hampton & Morgan
Five Concourse Parkway, Suite 2150
Atlanta, Georgia 30328
Telephone: (770) 804-8000
Facsimile: (770) 804-5555
This Statement amends and clarifies the Tender Offer Statement on Schedule
14D-1 filed with the Securities and Exchange Commission on February 19, 1998
(the "Schedule 14D-1") relating to the offer by Middle Bay Oil Company, Inc.,
an Alabama corporation ("Purchaser" or "Middle Bay"), to purchase all shares
of Common Stock, par value $0.05 per share (the "Shares"), of Enex Resources
Corporation, a Delaware corporation ("Enex"), presently outstanding or such
lesser number of Shares as equals a majority of the Shares outstanding on a
fully-diluted basis. Capitalized terms used and not defined herein shall have
the same meaning assigned to such terms in the Offer to Purchase and Schedule
14D-1. The primary purpose of this Amendment is to amend and clarify Section
14 of the Offer to Purchase so that it more clearly states that the withdrawal
rights will remain available during any period in which the Offer is open.
The Purchaser at this time further states that it believes that all conditions
of the Offer have been satisfied. Specifically, but not in limitation of the
foregoing, the Purchaser believes the Minimum Number of Shares have been
tendered to satisfy the Minimum Tender Condition and believes the Board Action
Condition has been satisfied. The Purchaser expects the Tender Offer to be
successfully closed as of midnight, Houston, Texas time, on March 20, 1998.
The first paragraph of Section 14 of the Offer to Purchase is hereby
amended as follows:
"Notwithstanding any other provisions of the Offer, and in addition to
(and not in limitation of) Purchaser's rights to extend and amend the Offer at
any time in its sole discretion, Purchaser shall not be required to accept for
payment or, subject to any applicable rules and regulations of the Commission,
including Rule 14e-1(c) under the Exchange Act (relating to Purchaser's
obligation to pay for or return tendered Shares promptly after termination or
withdrawal of the Offer), pay for and may delay the acceptance for payment of
or, subject to the restriction referred to above, the payment for any tendered
Shares and may terminate the Offer if, in the sole judgment of Purchaser, at
or prior to the Expiration Date any one or more of the Minimum Tender
Condition or the Board Action Condition has not been satisfied, any of the
following events shall occur or shall be determined by Purchaser to have
occurred:"
The remainder of Section 14 of the Offer to Purchase is unchanged and
continues as originally filed.
Dated: March 20, 1998.
MIDDLE BAY OIL COMPANY, INC.
By:__/s/ John J. Bassett_____
John J. Bassett, President
