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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
February 22, 2000
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)
(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 made the press release attached hereto 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 to this filing.
(b) Pro Forma Financial Information.
Not applicable to this filing.
(c) Exhibits
99A. Copy of the Company's Press Release dated February 23, 2000
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: February 28, 2000 By: Jonathan M. Clarkson, 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 February 23, 2000
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EXHIBIT 99A
FOR IMMEDIATE RELEASE Contact: Jonathan M. Clarkson,
President
February 23, 2000 713-236-9792
BARGO ENERGY COMPANY ACQUIRES SELECTED PRODUCING PROPERTIES IN PERMIAN BASIN,
EAST TEXAS AND MID-CONTINENT FROM TEXACO.
HOUSTON, TEXAS - Bargo Energy Company (OTC Bulletin Board: BARG) today announced
that it had entered into a contract to purchase various oil and gas properties
from Texaco for $161.1 million. The effective date of the purchase is January 1,
2000 and closing is expected to occur late in the first quarter of this year.
The properties are located in the Permian Basin, East Texas, Oklahoma and
Kansas. Aggregate current net production from the properties totals
approximately 9,000 barrels of oil and 11 million cubic feet of gas per day.
Following the acquisition, Bargo will have proven reserves of approximately 70
million equivalent barrels of oil.
Bargo Energy Company is a domestic oil and gas production, exploitation and
acquisition firm headquartered in Houston, Texas. 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 in the Company or persons acting on its behalf are expressly
qualified by the Cautionary Statements.
