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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
February 7, 1996 Commission File Number 0-13201
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SHEFFIELD EXPLORATION COMPANY, INC.
(Exact name of Registrant as specified in its Charter)
Delaware IRS ID #06-1052062
(State of Jurisdiction) (IRS Employer Identification No.)
1801 Broadway, Suite 600
Denver, Colorado 80202
(Address of principal executive offices)
Registrant's telephone number, including area code:
(303) 296-1908
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ITEM 5. OTHER EVENTS
On February 6, 1996, Sheffield Exploration Company, Inc. (the
"Company") issued the following press release:
NEWS RELEASE
For release on: February 7, 1996
Denver, Colorado
Contacts: TransMontaigne Oil Company
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Harold R. Logan, Jr., Executive V.P.
Frederick W. Boutin, Senior V.P.
(303) 605-1798
Sheffield Exploration Company, Inc.
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J. Samuel Butler, President
(303) 296-1908
SHEFFIELD AND TRANSMONTAIGNE ANNOUNCE MERGER
Sheffield Exploration Company, Inc. (AMEX.ECM: SHE) and
privately-held TransMontaigne Oil Company ("TransMontaigne")
today announced that the companies have signed an agreement
to merge TransMontaigne into Sheffield, which will be the
surviving corporation. The resulting entity will be known
as TransMontaigne Oil Company and will be owned 91 percent
by the stockholders of TransMontaigne. Edwin H. Morgens,
Chairman of Sheffield, will be elected to TransMontaigne's
current Board of Directors. Consummation of the transaction
is conditioned upon completion of due diligence by both
companies and approval of both companies' shareholders. It
is anticipated that the merger will be completed and
effective by May 1996.
TransMontaigne Oil Company (Denver, Colorado) is a holding
company with activities in the downstream energy industry,
with annual revenues in excess of $300 million.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
SHEFFIELD EXPLORATION COMPANY, INC.
Date: February 7, 1996 By: /s/ David L. Milanesi
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David L. Milanesi
Treasurer, Principal Financial and
Accounting Officer
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