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PAGE 1 OF 15
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. FOUR)*
INLAND RESOURCES INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
457469 10 4
- --------------------------------------------------------------------------------
(CUSIP Number)
KYLE R. MILLER, 410 17TH STREET, SUITE 700, DENVER, COLORADO 80202
WITH A COPY TO: MIKE PARSONS, ESQ., GLAST, PHILLIPS & MURRAY, P.C.
13355 NOEL ROAD, 2200 ONE GALLERIA TOWER, DALLAS, TEXAS 75240
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
NOVEMBER 4, 1998
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Settlement
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of (S)(S) 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box.
Note: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See (S) 240.13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 457469104 SCHEDULE 13D PAGE 2 OF 15 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kyle R. Miller
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
358,911
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
358,911
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
358,911
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
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CUSIP NO. 457469104 SCHEDULE 13D PAGE 3 OF 15 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KRM Acquisition Corp.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Texas
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
-0-
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
-0-
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
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<PAGE>
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CUSIP NO. 457469104 SCHEDULE 13D PAGE 4 OF 15 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John E. Dyer
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
153,013
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
153,013
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
153,013
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
1.8%
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TYPE OF REPORTING PERSON*
14
IN
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<PAGE>
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CUSIP NO. 457469104 SCHEDULE 13D PAGE 5 OF 15 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bill I. Pennington
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
148,676
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
148,676
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
148,676
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
1.7%
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TYPE OF REPORTING PERSON*
14
IN
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<PAGE>
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CUSIP NO. 457469104 SCHEDULE 13D PAGE 6 OF 15 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael J. Stevens
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
12,240
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
12,240
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
12,240
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
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CUSIP NO. 457469104 SCHEDULE 13D PAGE 7 OF 15 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David P. Donegan
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
12,500
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
12,500
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
12,500
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
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<PAGE>
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CUSIP NO. 457469104 SCHEDULE 13D PAGE 8 OF 15 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
C.W. Fink
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
1,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
1,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
.01%
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TYPE OF REPORTING PERSON*
14
IN
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<PAGE>
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CUSIP NO. 457469104 SCHEDULE 13D PAGE 9 OF 15 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William T. War
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
-0-
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
-0-
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
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Page 10 of 15
ITEM 1. SECURITY AND ISSUER.
Common stock, par value $.001 per share (the "Common Stock"), of Inland
Resources Inc. (the "Issuer"), 410 17th Street, Suite 700, Denver, Colorado
80202.
ITEM 2. IDENTIFY AND BACKGROUND.
(a) No change.
(b) No change.
(c) No change.
(d) No change.
(e) No change.
(f) No change.
ITEM 3. SOURCE AND AMOUNT OF FUNDS, OR OTHER CONSIDERATION.
The issued and outstanding shares of Common Stock currently owned of record
and beneficially by each of Miller, Dyer, Pennington, Stevens, Donegan, Fink and
War were acquired by each of them with personal funds; and any shares to be
acquired in the future pursuant to outstanding options or warrants granted to
each of such persons are contemplated to be acquired with personal funds of each
such person.
Effective November 3, 1998, in accordance with its terms, the Letter
Agreement dated September 8, 1998 (the "Letter Agreement") (filed as Exhibit 2
to Amendment No. 3) by and among Pengo Securities Corp., Randall D. Smith,
Jeffrey A. Smith, John W. Adams (the "Sellers") and KRM, was terminated. KRM no
longer has the right to place or acquire, and will not place or acquire, the
shares of Common Stock owned by Sellers.
ITEM 4. PURPOSE OF TRANSACTION.
KRM no longer has the right to place or acquire, and will not place or
acquire, any shares of Common Stock owned by the Sellers nor will it pursue a
proposal with the Issuer to merge or consolidate with the Issuer or to otherwise
make an offer to require the remaining issued and outstanding shares of Common
Stock of the Issuer.
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Page 11 of 15
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
KRM no longer may be deemed to beneficially owns the 5,439,149 shares of
Common Stock owned by the Sellers, as a result of the termination of Letter
Agreement and KRM's right to purchase such shares. KRM does not beneficially
own any shares of Common Stock of the Issuer.
Miller has vested options and warrants to acquire 358,911 shares (all of
which have an exercise price that was out-of-the-money on December 8, 1998, but
these shares are included in Miller's beneficial ownership for purposes of this
Schedule 13D). Miller beneficially owns 358,911 shares of Common Stock
(including vested options and warrants) representing approximately 4.1% of the
outstanding (including, for this purpose, the shares issuable upon exercise of
Miller's vested options and warrants) Common Stock of the Issuer.
Neither Miller, Dyer, Pennington, Stevens, Donegan, Fink nor War intend to
contribute the shares of Common Stock of the Issuer owned by them to KRM for
additional shares of Common Stock of KRM. KRM does not beneficially own any
shares of Common Stock of the Issuer and disclaims beneficial ownership of any
of the shares of the Issuer beneficially owned by Miller. Each of KRM, Miller,
Dyer, Pennington, Stevens, Donegan, Fink and War disclaim beneficial ownership
of the shares beneficially owned by any of the other persons identified in this
Item 4.
Dyer owns 57,513 shares of the issued and outstanding shares of Common
Stock of the Issuer, and has vested options and warrants to acquire an
additional 95,500 shares (all of which are covered by vested options or warrants
with an exercise price that was out-of-the-money on December 8, 1998, but these
shares are included in Dyer's beneficial ownership for purposes of this Schedule
13D). Consequently, Dyer beneficially owns 153,013 shares of Common Stock
(including vested options and warrants) representing approximately 1.8% of the
outstanding (including, for this purpose, the shares issuable upon exercise of
Dyer's vested options and warrants) Common Stock of the Issuer.
Pennington owns 68,676 shares of the issued and outstanding shares of
Common Stock of the Issuer, and has vested options and warrants to acquire an
additional 80,000 shares (all of which are covered by vested options or warrants
with an exercise price that was out-of-the-money on December 8, 1998, but these
shares are included in Pennington's beneficial ownership for purposes of this
Schedule 13D). Consequently, Pennington beneficially owns 148,676 shares of
Common Stock (including vested options and warrants) representing approximately
1.7% of the outstanding (including, for this purpose, the shares issuable upon
exercise of Pennington's vested options and warrants) Common Stock of the
Issuer.
Stevens does not own any shares of the issued and outstanding shares of
Common Stock of the Issuer, but has vested options and warrants to acquire
12,240 shares (all of are covered by vested options or warrants with an exercise
price that was out-of-the-money on December 8, 1998, but these shares are
included in Stevens' beneficial ownership for purposes of this Schedule 13D).
Consequently, Stevens beneficially owns 12,240 shares of Common Stock (including
vested options and warrants) representing approximately 0.1% of the outstanding
(including, for this purpose, the shares issuable upon exercise of Stevens'
vested options and warrants) Common Stock of the Issuer.
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Page 12 of 15
Donegan does not own any shares of the issued and outstanding shares of
Common Stock of the Issuer, but has vested options and warrants to acquire
12,500 shares (all of which are covered by vested options or warrants with an
exercise price that was out-of-the-money on December 8, 1998, but these shares
are included in Donegan's beneficial ownership for purposes of this Schedule
13D). Consequently, Donegan beneficially owns 12,500 shares of Common Stock
(including vested options and warrants) representing approximately 0.1% of the
outstanding (including, for this purpose, the shares issuable upon exercise of
Donegan's vested options and warrants) Common Stock of the Issuer.
Fink owns 1,000 shares of the issued and outstanding shares of Common Stock
of the Issuer, representing approximately 0.01% of the outstanding Common Stock
of the Issuer, and has no vested options to acquire shares of Common Stock of
the Issuer.
War does not own any shares of the issued and outstanding shares of Common
Stock of the Issuer, and has no vested options to acquire shares of Common Stock
of the Issuer.
(b) KRM does not beneficially own any shares of Common Stock of the Issuer.
Miller has the sole power to vote or to direct the vote of, or to dispose
or to direct the disposition of, the shares of Common Stock owned by him
reported in Item 5(a), above.
Dyer has the sole power to vote or to direct the vote of, or to dispose or
to direct the disposition of, the shares of Common Stock owned by him reported
in Item 5(a), above.
Pennington has the sole power to vote or to direct the vote of, or to
dispose or to direct the disposition of, the shares of Common Stock owned by him
reported in Item 5(a), above.
Stevens has the sole power to vote or to direct the vote of, or to dispose
or to direct the disposition of, the shares of Common Stock owned by him
reported in Item 5(a), above.
Donegan has the sole power to vote or to direct the vote of, or to dispose
or to direct the disposition of, the shares of Common Stock owned by him
reported in Item 5(a), above.
Fink has the sole power to vote or to direct the vote of, or to dispose or
to direct the disposition of, the shares of Common Stock owned by him reported
in Item 5(a), above.
War does not own any shares of Common Stock of the Issuer.
(c) There have been no transactions by the reporting persons in the Common
Stock during the past 60 days except as described above, except that Miller sold
23,343 shares of Common Stock in the open market for a price of $1.23 per share
on November 30, 1998.
(d) No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, any
securities of the Issuer beneficially
<PAGE>
Page 13 of 15
owned by the reporting persons as described herein.
(e) Not applicable.
ITEM 6. CONTRACTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
None of the filing persons are aware of any contracts, arrangements,
understandings or relationships (legal or otherwise) among themselves or between
any of such persons and any other person with respect to any securities of the
Issuer, including but not limited to, transfer or voting of any of the
securities, finder's fees, joint ventures, loan or option arrangements, put or
calls, guarantees of profits, division of profits or loss, or the giving or
withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 - Joint Filing Agreement among the filing persons.
<PAGE>
Page 14 of 15
SIGNATURES
----------
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: December 8, 1998 KRM ACQUISITION CORP.
By: /s/ Kyle R. Miller
---------------------------------
Kyle R. Miller, President
Dated: December 8, 1998 /s/ Kyle R. Miller
---------------------------------------
KYLE R. MILLER, individually
Dated: December 8, 1998 /s/ John E. Dyer
---------------------------------------
JOHN E. DYER, Individually
Dated: December 8, 1998 /s/ Bill I. Pennington
---------------------------------------
BILL I. PENNINGTON, Individually
Dated: December 8, 1998 /s/ Michael J. Stevens
---------------------------------------
MICHAEL J. STEVENS, Individually
Dated: December 8, 1998 /s/ David P. Donegan
---------------------------------------
DAVID P. DONEGAN, Individually
Dated: December 8, 1998 /s/ C. W. Fink
---------------------------------------
C. W. FINK, Individually
Dated: December 8, 1998 /s/ William T. War
---------------------------------------
WILLIAM T. WAR, Individually
<PAGE>
Page 15 of 15
EXHIBIT 1
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(k), the undersigned hereby execute this Joint Filing
Agreement with respect to filing of a Schedule 13D with respect to Inland
Resources Inc., and declare that such statement is filed on behalf of each of
the undersigned.
Dated: December 8, 1998 KRM ACQUISITION CORP.
By: /s/ Kyle R. Miller
---------------------------------
Kyle R. Miller, President
Dated: December 8, 1998 /s/ Kyle R. Miller
---------------------------------------
KYLE R. MILLER, individually
Dated: December 8, 1998 /s/ John E. Dyer
---------------------------------------
JOHN E. DYER, Individually
Dated: December 8, 1998 /s/ Bill I. Pennington
---------------------------------------
BILL I. PENNINGTON, Individually
Dated: December 8, 1998 /s/ Michael J. Stevens
---------------------------------------
MICHAEL J. STEVENS, Individually
Dated: December 8, 1998 /s/ David P. Donegan
---------------------------------------
DAVID P. DONEGAN, Individually
Dated: December 8, 1998 /s/ C. W. Fink
---------------------------------------
C. W. FINK, Individually
Dated: December 8, 1998 /s/ William T. War
---------------------------------------
WILLIAM T. WAR, Individually
