SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-K/A
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1996
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Transition Period From _________ to _________
Commission file number 1-8223
NATIONAL GAS & OIL COMPANY
________________________________________________________________
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Ohio 31-1004640
________________________ ___________________
(STATE OF INCORPORATION) (I.R.S. EMPLOYER
IDENTIFICATION NO.)
1500 Granville Road, Newark, Ohio 43055
________________________________________ __________
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code (614) 344-2102
Securities registered pursuant to Section 12(b) of the Act:
Common Shares, $1 par value American Stock Exchange, Inc.
____________________________ _____________________________
TITLE OF EACH CLASS NAME OF EACH EXCHANGE ON
WHICH REGISTERED
Securities registered pursuant to Section 12(g) of the Act: None
INDICATE BY CHECK MARK WHETHER THE REGISTRANT (1) HAS FILED ALL REPORTS REQUIRED
TO BE FILED BY SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
DURING THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT
WAS REQUIRED TO FILE SUCH REPORTS), AND (2) HAS BEEN SUBJECT TO SUCH FILING
REQUIREMENTS FOR THE PAST 90 DAYS. YES X NO _____
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INDICATE BY CHECK MARK IF DISCLOSURE OF DELINQUENT FILERS PURSUANT TO ITEM 405
OF REGULATION S-K (ss.229.405 OF THIS CHAPTER) IS NOT CONTAINED HEREIN, AND WILL
NOT BE CONTAINED, TO THE BEST OF REGISTRANT'S KNOWLEDGE, IN DEFINITIVE PROXY OR
INFORMATION STATEMENTS INCORPORATED BY REFERENCE IN PART III OF THIS FORM 10-K
OR ANY AMENDMENT TO THIS FORM 10-K. ( X )
THE AGGREGATE MARKET VALUE OF THE VOTING SHARES HELD BY NONAFFILIATES OF THE
REGISTRANT AS OF MARCH 1, 1997 IS $58,692,293.
AS OF MARCH 1, 1997, THE NUMBER OF SHARES OUTSTANDING OF THE REGISTRANT'S $1.00
PAR VALUE COMMON SHARES WAS 7,049,150 SHARES.
DOCUMENTS INCORPORATED BY REFERENCE:
Parts of the definitive Proxy Statement for the 1997 Annual Meeting of
Shareholders are incorporated by reference into Part III of this 10-K.
________________________________________________________________________________
Exhibit Index at Page........................................................ 49
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Item 6 - SELECTED FINANCIAL DATA
(In thousands, except for per share data)
1996 1995 1994 1993 1992
___________________________________________________________________________________________________
<S> <C> <C> <C> <C> <C>
Total operating revenue $61,072 $48,119 $61,723 $46,683 $ 38,298
Income from continuing operations $ 3,920 $ 3,230 $ 3,489 $ 2,072 $ 2,612
Discontinued operations $ -- $ -- $ -- $ -- $ (364)
Cumulative effect of accounting changes $ -- $ -- $ -- $ -- $ (235)
Net income $ 3,920 $ 3,230 $ 3,489 $ 2,072 $ 2,013
Income from continuing
operations - per share(1) $ 0.56 $ 0.46 $ 0.49 $ 0.29 $ 0.37
Discontinued operations - per share(1) $ -- $ -- $ -- $ -- $ (0.05)
Cumulative effect of accounting
changes - per share(1) $ -- $ -- $ -- $ -- $ (0.04)
Net income per share(1) $ 0.56 $ 0.46 $ 0.49 $ 0.29 $ 0.28
Total assets $92,400 $79,430 $80,620 $77,897 $ 69,195
Long-term obligations $ 9,281 $11,079 $12,956 $ 9,002 $ 6,905
Cash dividends per share(1) $ 0.23 $ 0.23 $ 0.23 $ 0.22 $ 0.22
(1) Based upon the average number of shares outstanding of 7,058,797 in 1996,
and 7,065,480 in the years 1995, 1994, 1993 and 1992. These shares were
adjusted for the three percent stock dividend in December 1996.
</TABLE>
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
NATIONAL GAS & OIL COMPANY
(Registrant)
Date April 1, 1997 By: /s/ Todd P. Ware
________________________________
Todd P. Ware, Vice President and
Chief Financial Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.
Date April 1, 1997 By: /s/ William H. Sullivan, Jr.
_____________________________________
William H. Sullivan, Jr.
Chairman of the Board and Director*
Date April 1, 1997 By: /s/ Patrick J. McGonagle
_____________________________________
Patrick J. McGonagle, President and
Chief Executive Officer
Date April 1, 1997 By: /s/ Todd P. Ware
_____________________________________
Todd P. Ware, Vice President and
Chief Financial Officer
Date April 1, 1997 By: /s/ Alan A. Baker
_____________________________________
Alan A. Baker, Director*
Date April 1, 1997 By: /s/ James H. Cameron
_____________________________________
James H. Cameron, Director*
Date April 1, 1997 By: /s/ David C. Easley
_____________________________________
David C. Easley, Director*
Date April 1, 1997 By: /s/ Richard O. Johnson
_____________________________________
Richard O. Johnson, Director*
Date April 1, 1997 By: /s/ M. Howard Petricoff
_____________________________________
M. Howard Petricoff, Director*
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Date April 1, 1997 By: /s/ Graham R. Robb
_____________________________________
Graham R. Robb, Director*
Date April 1, 1997 By: /s/ Thomas E. Stewart
_____________________________________
Thomas E. Stewart, Director*
* Executed pursuant to Power of Attorney attached to this report by John B.
Denison, Vice President and Secretary.
By: /s/ John B. Denison
_____________________________________
John B. Denison, Vice President and
Secretary
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