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
February 18, 1996
__________
Commission File Number 0-20872
ST. MARY LAND & EXPLORATION COMPANY
(Exact name of Registrant as specified in its charter)
Delaware 41-0518430
(State or other Jurisdiction (I.R.S. Employer Identification No.)
of incorporation or organization)
1776 Lincoln Street, Suite 1100, Denver, Colorado 80203
(Address of principal executive offices) (Zip Code)
(303) 861-8140
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On February 18, 1997, St. Mary Land & Exploration Company (the "Registrant")
announced in a press release that its South Horseshoe Bayou discovery well has
reached total depth of 19,000 feet, has been completed in the uppermost pay zone
below 17,300 feet and is presently testing directly into the sales line.
In initial production tests the well is producing 20 MMCF and 200 barrels of
condensate per day on a 19/64th inch choke with a flowing tubing pressure of
over 12,800 psi. The well encountered in excess of 100 feet of total pay
averaging greater than 20% porosity, as calculated from electric log analysis by
Schlumberger.
St. Mary holds a 25% working interest and an approximate 40% net revenue
interest in the well which is operated by Mobil Oil Corporation.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements.
No financial statements are required by Item 7(a).
(b) Pro Forma Financial Information.
No pro forma financial information is required to be reported by Item
7(b).
(c) Exhibit.
Press Release of the Registrant entitled "St. Mary Reports First Sales
from South Horseshoe Bayou Discovery" dated February 18, 1997 is
attached hereto as Exhibit 10.44.
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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 thereunto duly authorized.
St. Mary Land & Exploration Company
February 18, 1997 By /s/ MARK A. HELLERSTEIN
------------------------
Mark A Hellerstein
President and Chief Executive Officer
February 18, 1997 By /s/ RICHARD C. NORRIS
----------------------
Richard C. Norris
Vice President - Accounting and
Administration and Chief Accounting
Officer
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EXHIBIT 10.44
Information:
Mark A. Hellerstein
David L. Henry
Adele A. Linneman
303-861-8140
FOR IMMEDIATE RELEASE
ST. MARY REPORTS FIRST SALES FROM
SOUTH HORSESHOE BAYOU DISCOVERY
DENVER, CO, February 18, 1997 -- St. Mary Land & Exploration Company (NASDAQ:
MARY) today announced that its South Horseshoe Bayou discovery reached total
depth of 19,000 feet, has been completed in the uppermost pay zone below 17,300
feet and is presently testing directly into the sales line.
In initial production tests the well is producing 20 MMCF and 200 barrels of
condensate per day on a 19/64th inch choke with a flowing tubing pressure of
over 12,800 psi. As previously reported, the well encountered in excess of 100
feet of total pay averaging greater than 20% porosity, as calculated from
electric log analysis by Schlumberger.
St. Mary holds a 25% working interest and an approximate 40% net revenue
interest in the well which is operated by Mobil Oil Corporation. The prospect
was generated in cooperation with Samuel Gary Jr. & Associates, Inc. of Denver.
Except for historical information contained herein, statements in this release,
including information regarding the business of the Company, may be forward
looking statements. Forward looking statements involve known and unknown risks
and uncertainties which may cause the Company's actual results in future periods
to differ materially from forecasted results.
A Form S-3 Registration Statement has been filed with the Securities and
Exchange Commission, as a new financing to register the sale by the Company of
2,000,000 shares of common stock and up to an additional 300,000 shares to cover
the underwriters' over-allotment option, but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state. A written prospectus meeting the
requirements of the Securities Act of 1933 may be obtained from Adele A.
Linneman at St. Mary Land & Exploration, 1776 Lincoln Street, Suite 1100,
Denver, Colorado 80203.
St. Mary Land & Exploration Company, an independent oil and gas concern, has
diversified exploration, development and production holdings in the
Mid-Continent region; the tri-state area of northern Louisiana, southern
Arkansas, and eastern Texas; South Louisiana; and the Williston and Permian
Basins.
