BLACK WARRIOR WIRELINE CORP
10QSB/A, 1995-12-29
OIL & GAS FIELD SERVICES, NEC
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<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-QSB-A

(Mark One)
|X|      Quarterly  Report  pursuant  to Section  13 or 15(d) of the  Securities
         Exchange Act of 1934 for the quarterly period ended September 30, 1995;
         or

[ ]      Transition report pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934 for the transition period from                 to
                                   .

Commission File Number 0-18754

                          Black Warrior Wireline Corp.
- --------------------------------------------------------------------------------
       (Exact Name of Small Business Issuer as Specified in its Charter)


        Delaware                                        11-2904094
- ----------------------------                --------------------------------
(State or Other Jurisdiction of                       (I.R.S. Employer
 Incorporation or Organization)                      Identification No.)

               3748 Highway 45 North, Columbus, Mississippi 39701
       -----------------------------------------------------------------
                    (Address of Principal Executive Offices)
                                   (Zip Code)

                                 (601) 329-1047
                  --------------------------------------------
                (Issuer's Telephone Number, Including Area Code)

     Indicate  by a check mark  whether  the  Issuer  (1) has filed all  Reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934 during the proceeding 12 months (or for such shorter period that the Issuer
was  required  to file such  Reports),  and (2) has been  subject to such filing
requirements for the past 90 days.

                           YES [X]         NO [ ]
 
     Indicate the number of shares  outstanding of each of the issuer's  classes
of common stock, as of the latest practicable date.


          Class                                  Outstanding at November 10, 
                                                 1995
- ------------------------------                  ------------------------------
   Common Stock, par value                            70,846.29 shares
     $.0005 per share


<PAGE>

                          BLACK WARRIOR WIRELINE CORP.

                         QUARTERLY REPORT ON FORM 10-QSB-A

                                      INDEX



                                                                   Page
                                                                  -----

Item 6.  Exhibits and Reports on Form 8-K                           10   


                                   


<PAGE>


                                   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.


                                               BLACK WARRIOR WIRELINE CORP.
                                               ----------------------------
                                                      (Registrant)




  Date: November  10 , 1995                        WILLIAM L. JENKINS
                 ----                       --------------------------------
                                                   William L. Jenkins
                                                      President and
                                                Chief Operating Officer
                                             (Principal Executive, Financial
                                                 and Accounting Officer)





<PAGE>

<TABLE> <S> <C>


<ARTICLE>                     5

       
<S>                                              <C>  
<PERIOD-TYPE>                                    9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995

<CASH>                                         $91,617
<SECURITIES>                                        $0
<RECEIVABLES>                               $1,077,928
<ALLOWANCES>                                ($101,178)
<INVENTORY>                                   $197,957
<CURRENT-ASSETS>                            $1,460,866
<PP&E>                                      $4,638,968
<DEPRECIATION>                            ($3,444,166)
<TOTAL-ASSETS>                              $2,661,207
<CURRENT-LIABILITIES>                       $5,609,281
<BONDS>                                     $2,000,000
<COMMON>                                        $7,084
                               $0
                                         $0
<OTHER-SE>                                   (583,393)
<TOTAL-LIABILITY-AND-EQUITY>                $2,661,207
<SALES>                                     $4,639,179
<TOTAL-REVENUES>                            $4,639,173
<CGS>                                               $0
<TOTAL-COSTS>                               $4,771,973
<OTHER-EXPENSES>                            $4,318,393
<LOSS-PROVISION>                                    $0
<INTEREST-EXPENSE>                            $453,580
<INCOME-PRETAX>                                     $0
<INCOME-TAX>                                        $0
<INCOME-CONTINUING>                         ($588,968)
<DISCONTINUED>                                      $0
<EXTRAORDINARY>                                     $0
<CHANGES>                                           $0
<NET-INCOME>                                ($588,968)
<EPS-PRIMARY>                                  ($0.04)
<EPS-DILUTED>                                       $0
        


</TABLE>


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