SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 8-K
CURRENT REPORT
Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
Date of report: MARCH 13, 1997
SILVERTHORNE PRODUCTION COMPANY
(Exact name of Registrant as specified in its charter)
COLORADO 2-85845-D 84-0189377
(State or other jurisdiction of Commission File No. (IRS
Employer Identification No.)
incorporation or organization)
708 Margarita Ave, Coronado, CA 92118 (619) 522-0010
(Current address of principal executive office) (Registrant's
telephone No. with area code)
Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
Company received certain property known as Treasure State Pipeline,
located in Toole County, Montana, an asset booked and valued at $300,000.
This transaction was completed January 7, 1992 in exchange for 75,000
shares of Company common stock. The pipeline did not generate income for
Company. Attempts to sell the pipeline did not materialize. November 20,
1996, parties to the original transaction consummated an agreement whereby
the 75,000 shares of Company common stock was redeemed in exchange for
re-conveyance of the pipeline.
Item 6. RESIGNATIONS OF REGISTRANT S DIRECTORS.
Former Company President/Director, David M. Anderson resigned as
officer and director as of November 20, 1996. D.L. Jackson ascended from
Vice President to President/CEO. By Action In Lieu of Special Meeting of
Board of Directors, November 20, 1996, P.A. Jackson was appointed director
to fill said vacant directorship. D.L. Jackson will continue as General Legal
Counsel for Company.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SILVERTHORNE PRODUCTION COMPANY
Dated: 3/24/98 By: /s/ D. L. Jackson
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D.L. Jackson, President/CEO and Director
