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
April 5, 2000
Date of Report (Date of earliest event reported)
GULFWEST OIL COMPANY
(Exact name of registrant as specified in its charter)
Texas
(State or other jurisdiction of incorporation)
1-12108 87-0444770
(Commission File Number) (IRS Employer
Identification Number)
397 N. Sam Houston Parkway E., Suite 375, Houston, Texas 77060
(Address of principal executive offices)
Registrant's telephone number, including area code: (281) 820-1919
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ITEM 5. OTHER EVENTS
On April 5, 2000, GulfWest Oil Company ("GulfWest" or the "Company") closed
a $19.3 million credit facility with an international energy lender. At closing,
$12.9 million was funded for acquisition of oil and natural gas properties and
debt consolidation.
Subsequently, $6.4 million will be made available for specific development
projects on the Company's currently owned, as well as, recently acquired
properties in Texas and Colorado. The projects will involve the re-completion of
existing wells and development drilling of Company-owned acreage.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
None.
