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 29, 1995
RESERVE PETROLEUM COMPANY
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-8157 73-0238060
(Commission File Number) (IRS Employer Identification No.)
6801 North Broadway, Suite 300, Oklahoma City, Oklahoma73116-9092
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code(405) 848-7551
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Item 5.Other Events.
On December 29,1995, The Reserve Petroleum Company received additional
information reqarding the Robertson County, Texas, exploratory gas well
reported in Form 8-K with a report date of October 28, 1995.
On October 28, 1995, the operator tested the Cotton Valley Lime formation
through perforations at 14,082 to 14,386 feet. Gas flowed at a rate of
18,100 thousand cubic feet per day on a 21/64th inch choke with a flowing
tubing pressure of 7,820 pounds per square inch. The state potential test
had not been performed.
On December 29, 1995, the Company received information regarding a one point
test that was performed on December 1, 1995. Gas flowed at the rate of 26,237
thousand cubic feet per day on an adjustable choke with a flowing tubing
pressure of 7,300 pounds per square inch. The calculated open flow was 62,400
thousand cubic feet per day (dry) (Gravity .600) with H2S at 200 parts per
million.
The Company's royalty interest in the well has been confirmed at approximately
6.04 percent of gross production.
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 thereunto duly authorized.
THE RESERVE PETROLEUM COMPANY
Date: January 3, 1996
JERRY L. CROW
Jerry L. Crow
Principal Financial and
Accounting Officer
