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.
On December 1, 1998, F. A. Wise, a director of the Registrant since
July 10, 1998 and a member of the Executive Committee of the Board of Directors,
resigned as a director. Mr Wise has agreed to continue to assist the Registrant
as a part time consultant. Effective December 7, 1998, in connection with
termination of an employment agreement and separation as an employee of the
Registrant, Willard H. Pease, Jr., resigned as a director of the Registrant.
Following the resignations of Messrs. Wise and Pease, the Registrant has seven
directors.
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 15, 1998
PEASE OIL AND GAS COMPANY
By /s/ Patrick J. Duncan
Patrick J. Duncan, President
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