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
Date of Report (Date of earliest event reported) December 1, 1998
PEASE OIL AND GAS COMPANY
(Exact name of registrant as specified in its charter)
Nevada 0-6580 87-0285520
(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
751 Horizon Court, Suite 203, Grand Junction, Colorado 81506-8718
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (970) 245-5917
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Item 5. OTHER EVENTS.
As previously announced, the Board of Directors of the Registrant has
approved a 10-into-1 reverse stock split of the Registrant's outstanding $0.10
par value common stock and a corresponding decrease in the number of authorized
shares of such class of common stock from 40,000,000 shares to 4,000,000 shares.
The reverse stock split is effective as of the close of business on December 1,
1998. Fractional shares which would otherwise be held by any stock holder as a
result of the reverse stock split shall each be rounded up to the next highest
whole number of shares at the effective date of the reverse stock split and
therefore no fractional shares will be issued. After the reverse stock split
there will be approximately 1,600,705 shares of the Registrant's $0.10 par value
common stock issued and outstanding.
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.
Date: December 1, 1998
PEASE OIL AND GAS COMPANY
By /s/ Patrick J. Duncan
Patrick J. Duncan, President
and Principal Accounting Officer
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