U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB/A
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1996
OR
[X] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
EXCHANGE ACT
For the transition period from _____ to _____
Commission File No. 0-21702
MIDDLE BAY OIL COMPANY, INC.
(Exact name of small business issuer as specified in its charter)
Alabama 63-1081013
(State or Other Jurisdiction (I.R.S. Employer
of Incorporation or Organization) Identification No.)
115 South Dearborn Street
Mobile, Alabama 36602
(Address of Principal Executive Offices)
(334) 432-7540
(Issuer's Telephone Number)
N/A
(Former Name, Former Address and Former Fiscal Year,
If Changed Since Last Report)
Check whether the issuer (1) filed all reports required to be filed
by Section 13 or 15(d) of Exchange Act during the preceding 12
months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]
Number of shares outstanding of each of the Registrant's classes
of common stock, as of the latest practicable date:
Common stock, $.02 par value
1,318,917 shares as of July 31, 1996
Transitional Small Business Disclosure Format (check one)
Yes [ ] No [X]
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This Schedule contains summary financial information extracted from the
Financial Statements - Balance Sheets at June 30, 1996 (unaudited) and the
Statements of Operations at June 30, 1996 (unaudited) and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<S> <C> <C>
<PERIOD-TYPE> 3-MOS 6-MOS
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1995
<PERIOD-END> MAR-31-1996 JUN-30-1996
<CASH> 60,828 493,222
<SECURITIES> 0 0
<RECEIVABLES> 714,314 783,258
<ALLOWANCES> 0 0
<INVENTORY> 0 0
<CURRENT-ASSETS> 783,871 1,282,932
<PP&E> 11,907,545 12,329,198
<DEPRECIATION> 4,240,380 4,412,648
<TOTAL-ASSETS> 8,590,891 9,339,647
<CURRENT-LIABILITIES> 1,159,387 520,459
<BONDS> 3,992,578 5,064,226
852,642 677,965
0 0
<COMMON> 26,378 26,378
<OTHER-SE> 3,241,040 3,415,717
<TOTAL-LIABILITY-AND-EQUITY> 8,590,891 9,339,647
<SALES> 1,019,307 1,101,645
<TOTAL-REVENUES> 1,049,629 1,409,629
<CGS> 673,613 637,587
<TOTAL-COSTS> 965,058 1,025,554
<OTHER-EXPENSES> 171,271 169,616
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 120,174 126,816
<INCOME-PRETAX> 84,572 384,075
<INCOME-TAX> 0 0
<INCOME-CONTINUING> 84,572 384,075
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 84,572 384,075
<EPS-PRIMARY> .06 .29
<EPS-DILUTED> .06 .29
</TABLE>
