SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT UNDER SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): July 13, 1998
Commission File Number: 0-14096
FORELAND CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
NEVADA 87-0422812
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
12596 W. BAYAUD AVENUE
SUITE 300, LAKEWOOD, COLORADO 80228
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(Address of Principal Executive (Zip Code)
Offices)
Registrant's Telephone Number, including Area Code:
(303) 988-3122
N/A
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(Former name, former address, and formal fiscal year, if changed since
last report)
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ITEM 5. OTHER EVENTS
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Foreland Corporation announced on July 13, 1998, that it has entered into a
joint venture exploration agreement with Conley P. Smith Operating Company (et
al) in Cave Valley, Nevada. Foreland acquired a 33% working interest in the
40,000 acre program area.
The first program well, Flat Top 27-15, commenced drilling July 2, 1998. The
well was located updip from the Flat Top 27-16 well which recently encountered
excellent oil shows in the Mississippian age Scotty Wash sands. Foreland's
management reported that the Scotty Wash-Iltipah sands have been identified on
outcrop as having superior reserve characteristics and that if production is
established in these sands significant reserves could be produced in the area.
Management further reported that this joint venture expands Foreland's Nevada
presence in what may prove to be one of the most prolific areas in the state.
Foreland also announced that upon completion of the Flat Top 27-15 well it will
drill the first scheduled development well at its newly discovered Sand Dune
Field. The first exploratory well in the 17-square mile 3-D seismic-defined
Pine Creek area will start as soon as permits are obtained.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.
Dated: July 14, 1998
FORELAND CORPORATION
By /s/ N. Thomas Steele, President
