SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
or
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE QUARTER ENDED SEPTEMBER 30, 1996
Commission File Number 0-6580
PEASE OIL AND GAS COMPANY
(Name of small business issuer as specified in its charter)
Nevada 87-0285520
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
751 Horizon Court, Suite 203
Grand Junction, Colorado 81506
(Address of principal executive offices) (Zip code)
(970) 245-5917
(Issuer's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
(None)
Securities registered pursuant to Section 12(g) of the Act:
Common Stock (Par Value $.10 Per Share) Series A Cumulative Convertible
Preferred Stock (Par Value $0.01 Per Share)
Title of Class
Indicate by check mark whether the issuer (1) has filed all reports requir
ed tobe filed by Section 13 or 15(d) of the Exchange Act during the past 12 mon
ths (or for such shorter period that the registrant was required to file such
reports), and (2)has been subject to such filing requirements for the past 90
days. Yes No
As of November 1, 1996 the issuer had 7,316,207 shares of its $0.10 par
value Common Stock and 202,688 shares of its $0.01 par value Series A Cumulative
Convertible Preferred Stock issued and outstanding. As of November 1, 1996 the
aggregate market value of the common stock held by non-affiliates was
$13,741,328. This calculation is based upon the closing sale price of $2.1875
per share on November 1, 1996.
This submission is being filed to include the Article 5, Financial Data
Schedule, inadvertently omitted in the original filing of the Form 10-QSB on
November 13, 1996.
SIGNATURES
In accordance with Section 13 or 15 (d) of the Exchange Act, the
Registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
PEASE OIL AND GAS COMPANY
Date: November 13, 1996 By: /s/ Willard H. Pease, Jr.
Willard H. Pease, Jr.
President and Chief Executive Officer
Date: November 13, 1996 By: /s/ Patrick J. Duncan
Patrick J. Duncan
Chief Financial Officer and
Principal Accounting Officer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> SEP-30-1996
<CASH> 855,149
<SECURITIES> 0
<RECEIVABLES> 411,540
<ALLOWANCES> 24,579
<INVENTORY> 433,852
<CURRENT-ASSETS> 1,784,673
<PP&E> 15,691,356
<DEPRECIATION> 5,089,086
<TOTAL-ASSETS> 13,898,005
<CURRENT-LIABILITIES> 705,067
<BONDS> 0
0
2,027
<COMMON> 731,621
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 13,898,005
<SALES> 4,895,954
<TOTAL-REVENUES> 4,998,422
<CGS> 4,221,440
<TOTAL-COSTS> 4,221,440
<OTHER-EXPENSES> 5,275,596
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 266,383
<INCOME-PRETAX> (551,270)
<INCOME-TAX> (41,409)
<INCOME-CONTINUING> (509,861)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (509,861)
<EPS-PRIMARY> (0.09)
<EPS-DILUTED> (0.09)
</TABLE>
