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U. S. 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 20, 1996
MIDLAND RESOURCES, INC.
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(Exact name of registrant as specified in its charter)
Texas 0-18836 75-2286814
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
16701 Greenspoint Park Drive, Suite 200, Houston, Texas 77060
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(Address of principal executive offices, including Zip Code)
(281) 873-4828
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(Registrant's telephone number, including area code)
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MIDLAND RESOURCES, INC.
ITEM 5. OTHER EVENTS
On December 20, 1996, MRI Acquisition Corp. ("MRI Acquisition"), a wholly owned
subsidiary of Midland Resources Inc., was merged with and into Summit Petroleum
Corporation ("Summit") following a vote of the Summit shareholders on December
19, 1996 to approve the merger. As a result of the merger Midland Resources,
Inc. ("Midland") became the sole shareholder of Summit. Previously, Midland
and MRI Acquisition conducted a tender offer for all of the outstanding shares
of Summit which resulted in the acquisition by MRI Acquisition on September 18,
1996 of 1,956,552 shares of Summit Common Stock which represented approximately
81.5% of its outstanding shares.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
MIDLAND RESOURCES, INC.
(Registrant)
By: /s/ Deas H. Warley III
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Deas H. Warley III
Chairman of the Board and President
DATED: January 2, 1997
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