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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 7, 1997
FORTUNE PETROLEUM CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-12334 95-4114732
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
515 W. Greens Road, Suite 720, Houston, Texas 77067
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (281) 872-1170
Registrant's telecopier number, including area code: (281) 872-1213
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events
On April 7, 1997, Fortune Petroleum Corporation was advised by
Consolidated Natural Gas Production Company ("CNG"), the operator of its
offshore South Timbalier Block 76 well, that CNG believes it has located the
source of the leak which caused the well to lose casing pressure and resulted in
the well having been shut in on March 24 for repairs. The leak was apparently
caused by a failed packer at about 15,000'. CNG expects the repairs to be
completed and the well to be placed back on production within approximately ten
days at a total cost somewhat lower than originally projected.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
FORTUNE PETROLEUM CORPORATION
By: /s/ Dean W. Drulias
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Dean W. Drulias
Executive Vice President and
General Counsel
Date: April 7, 1997
