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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
October 6, 1999
Date of Report
(Date of earliest event reported)
BARGO ENERGY COMPANY
(Exact name of small business issuer as specified in its charter)
Texas 0-8609 87-0239185
(State or other jurisdiction of (Commission file (I.R.S. Employer
incorporation or organization) number) Identification No.)
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)
Not Applicable
(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 ACCOUNTANT
Not applicable
ITEM 5. OTHER EVENTS
Bargo Energy Company issued the press release included as Exhibit 99A.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
Not applicable
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits
99A. Copy of the Company's Press Release dated October 6, 1999
ITEM 8. CHANGE IN FISCAL YEAR
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/ Jonathan M. Clarkson
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Dated: October 12, 1999 By: Jonathan M. Clarkson, President
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EXHIBIT INDEX
Exhibit
Number Title of Document
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99A Copy of the Company's Press Release dated October 6, 1999
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EXHIBIT 99A
FOR IMMEDIATE RELEASE Contact: Jon Clarkson, President
October 6, 1999 713-236-9792
BARGO ENERGY COMPANY CLOSES $100 MILLION CREDIT FACILITY
HOUSTON, TEXAS- Bargo Energy Company (OTCBB:BARG) today announced the closing
of a $100 million senior secured credit facility, with an initial borrowing base
of $40 million that will increase to $55 million upon satisfaction of various
conditions precedent pertaining to the Company's recent Arco East Texas
acquisition. This facility replaces a previous $35 million bank line. The new
syndicated facility includes Bank of America, N.A., Bank One, Texas, NA and
Wells Fargo Bank (Texas), NA. Bank of America is the Administrative Agent. The
Company plans to use this increased capacity to continue to grow the Company's
resource base both through oil and gas property acquisitions and corporate
consolidations. The Company currently has $20.7 million outstanding under this
facility.
Bargo Energy Company is a domestic oil and gas production, exploitation and
acquisition firm headquartered in Houston. Current operations are focused 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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