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UNITED STATES
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
August 17, 1999
Date of Report
(Date of earliest event reported)
BARGO ENERGY COMPANY
(Exact name of small business issuer as specified in its charter)
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Texas 0-8609 87-0239185
(State or other jurisdiction of (Commission file number) (I.R.S. Employer
incorporation or organization) Identification No.)
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700 Louisiana, Suite 3700
Houston, Texas 77002
(Address of principal executive offices, including zip code)
(713) 236-9792
(Issuer's telephone number, including area code)
Future Petroleum Corporation
2351 West Northwest Highway, Suite 2130
Dallas, Texas 75220
(Former name and former address,
if changed since last report)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Not applicable
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Not applicable
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
Not applicable
ITEM 5. OTHER EVENTS
Bargo Energy Company made the Press Release attached hereto as Exhibit
99A.
ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS
Not applicable
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not applicable to this filing.
(b) Pro forma Financial Information.
Not applicable to this filing.
(c) Exhibits
99A. Copy of the Company's Press Release dated August 17, 1999
ITEM 8. CHANGE IN FISCAL YEAR
Not applicable
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S
Not applicable
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Bargo Energy Company
(Registrant)
/s/ TIM J. GOFF
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Dated: August 24, 1999 By: Tim J. Goff, President
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EXHIBIT INDEX
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Exhibit
Number Title of Document
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99A Copy of the Company's Press Release dated August 17, 1999
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FOR IMMEDIATE RELEASE Contact: Tim Goff, President
August 17, 1999 713 236-9792
BARGO ENERGY COMPANY AGREES TO ACQUIRE EAST TEXAS ASSETS
HOUSTON, TEXAS - Bargo Energy Company (OTCBB:BARG) announced today that it has
signed a purchase and sale agreement with Atlantic Richfield Company (ARC) to
acquire interests in 40 leases, a waterflood unit, over 60 royalty properties
and an oil transportation contract in the East Texas Field for approximately $16
million. Current daily production is estimated at 2500 net barrels of oil
equivalent per day from 500 producing wells. The purchase price and the
interests to be acquired will be subject to customary adjustments. Closing of
the transaction, which is subject to due diligence and other customary
conditions, is expected to occur by August 31, 1999.
Bargo explores, develops and acquires oil and gas properties principally in
Texas, Louisiana and California.
This Press Release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements other than statements of historical facts
included in this Press Release, including statements regarding the Company's
estimated reserve quantities, business strategy, plans and objectives of
management of the Company for future operations and budget estimates, are
forward-looking statements. The Company can give no assurances that the
assumptions upon which such forward looking statements are based will prove to
have been correct. Important factors that could cause actual results to differ
materially from the Company's expectations ("Cautionary Statements") include
volatility of oil and gas prices, the markets for oil and gas, environmental
regulations, the substantial capital requirements associated with oil and gas
operations and other factors are set forth in the Company's reports filed with
the Securities and Exchange Commission, including the Company's Form 10-KSB for
its 1998 fiscal year. All subsequent written and oral forward-looking statements
attributable to the Company or persons acting on its behalf are expressly
qualified by the Cautionary Statements.
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