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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
For the month of August, 1995
ISRAMCO, INC.
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(Exact name of registrant as specified in charter)
Delaware
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(State of Incorporation)
800 Fifth Avenue, New York, New York 10021 Suite 21-D
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(Address of principal executive offices)
212-888-0200
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(Telephone number)
0-12500 13-3145265
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Commission File No. IRS Employer ID No.
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Item 1. Change of Control
The Company has been notified that Pass-port Ltd., an Israeli company
which is publicly traded on the Tel Aviv Stock Exchange, on August 25, 1995
acquired from Southern Shipping and Energy Inc. 14,073,684 common shares of
J.O.E.L. - Jerusalem Oil Exploration Ltd. of 1 shekel par value, a company
controlled by Dr. Joseph Elmaleh. The acquired shares represent 16.82% of the
equity and vote in J.O.E.L. - Jerusalem Oil Exploration Ltd. Dr. Elmaleh has
resigned as the Chairman of the Board of J.O.E.L. - Jerusalem Oil Exploration
Ltd. The transaction was completed on August 25, 1995.
J.O.E.L. - Jerusalem Oil Exploration Ltd. owns and controls 34.92% of
the common stock of the Company and also holds Class A and Class B Warrants of
the Company giving it the right to acquire 5 million additional shares of the
common stock of the Company.
A change of control of J.O.E.L. - Jerusalem Oil Exploration Ltd.
could have the effect of causing a change in control of the Company. Management
believes that Pass-port Ltd. will request that the present officers and
directors of Isramco, Inc. resign from their respective positions in the
Company.
Item 7. Exhibits
None.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Isramco, Inc.
(registrant)
September 11, 1995 By: /s/ JOSEPH ELMALEH
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(date) Joseph Elmaleh
Chairman of the Board
Chief Executive Officer
Chief Financial Officer
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