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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: March 9, 1994
Commission File Number 1-8241
PRESIDIO OIL COMPANY
(Exact name of registrant as specified in its charter)
DELAWARE 95-3049484
(State or other jurisdiction of (I.R.S.Employer
incorporation or organization) Identification No.)
5613 DTC PARKWAY, SUITE 750
ENGLEWOOD, COLORADO 80111-3065
(Address of principal executive offices)
(Zip Code)
(303) 773-0100
(Registrant's telephone number, including area code)
Not Applicable
(Former name, former address and former
fiscal year, if changed since last report)
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Item 5. Other Events
Incorporated herein by reference to the Company's press release
dated March 9, 1994, contained in Exhibit 20.1 to this form.
Item 7. Financial Statements and Exhibits
(c) Exhibits
20.1 The Company's press release dated March 9, 1994,
announcing the interest rate for the period
May 16, 1994 to August 15, 1994 on its Senior
Subordinated Gas Indexed Notes Due 1999 and
Senior Gas Indexed Notes Due 2002 to be 14.125%.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
PRESIDIO OIL COMPANY
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Registrant
DATE: March 11, 1994 /s/ Charles E. Brammeier
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Charles E. Brammeier
Controller
(Principal Accounting Officer)
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EXHIBIT 20.1
PRESIDIO OIL COMPANY
ANNOUNCES
The Interest Rate on Presidio Oil Company's Senior
Subordinated Gas Indexed Notes due 1999 and the Senior Gas
Indexed Notes due 2002 will be 14.125% for the period May 16,
1994 to August 15, 1994. The Gas Index Price for the
determination period (the Natural Gas Clearinghouse, Inc. average
spot gas price for the 12 months ending March 1994) was $2.10.
Since this price exceeded the Base Price of Gas (defined as $1.75
in the Note Indenture), an Additional Interest Rate of 0.875%
(.025% for every $.01 the Gas Index Price exceeds the Base Price
of Gas) will be added to the base rate of 13.25% for this
interest period only.
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