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, 1998.
---------------
[ ] Transition report under Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the quarterly period from _______to _______.
Commission file number 1-13162
EMPIRIC ENERGY, INC.
(Exact name of registrant as specified in its charter)
TEXAS 75-2455467
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
12750 MERIT DRIVE, SUITE 750
DALLAS, TEXAS 75251-1609
(Address of principal executive offices) (Zip Code)
(972) 387-4100
(Registrant's telephone number, including area code)
Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 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
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State the number of shares outstanding of each of the issuer's classes of common
equity, as of June 30, 1998. 6,779,386
---------
Transitional Small Business Disclosure Format Yes No X
----- ------
Page 1 of 9 pages contained in the sequential number system. The Exhibit Index
is on Page 8 of the sequential numbering system.
<PAGE>
<TABLE>
<CAPTION>
EMPIRIC ENERGY, INC.
INDEX TO FORM 10-QSB
PART I PAGE
<S> <C>
Item 1. . . . Financial Statements 1
Item 2. . . . Management's Discussion and Analysis of Financial Condition
and Results of Operations 5
PART II
Item 1. . . . Legal Proceedings 7
Item 2. . . . Changes in Securities 7
Item 3. . . . Defaults Upon Senior Securities 7
Item 4. . . . Submission of Matters to a Vote of Securities Holders 7
Item 5. . . . Other Information 7
Item 6. . . . Exhibits and Reports on Form 8-K 7
SIGNATURE PAGE 8
</TABLE>
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act,
the Registrant caused this Form 10-QSB/A Report to be signed on
its behalf by the undersigned, thereunto duly authorized.
EMPIRIC ENERGY, INC.
By: /s/ James J. Ling Date: October 13, 1998
- --------------------------------------
James J. Ling
Chairman and Chief Executive Officer
Pursuant to the requirements of the Securities and Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the Company
and in the capacities and on the dates indicated.
By: /s/ Clyde E. Skeen Date: October 13, 1998
- --------------------------------------
Clyde E. Skeen
Chief Financial Officer
By: /s/ James J. Ling Date: October 13, 1998
- --------------------------------------
James J. Ling
Chairman and Chief Executive Officer
By: /s/ R. Renn Rothrock, Jr. Date: October 13, 1998
- --------------------------------------
R. Renn Rothrock, Jr.
President and Chief Operating Officer
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<CASH> 85354
<SECURITIES> 0
<RECEIVABLES> 269676
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 355030
<PP&E> 5413436
<DEPRECIATION> 1572562
<TOTAL-ASSETS> 4207622
<CURRENT-LIABILITIES> 359062
<BONDS> 0
<COMMON> 67794
0
525000
<OTHER-SE> 2568266
<TOTAL-LIABILITY-AND-EQUITY> 4207622
<SALES> 68926
<TOTAL-REVENUES> 68926
<CGS> 21777
<TOTAL-COSTS> 258038
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 18290
<INCOME-PRETAX> (207183)
<INCOME-TAX> 0
<INCOME-CONTINUING> (207183)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (207183)
<EPS-PRIMARY> (.03)
<EPS-DILUTED> (.03)
</TABLE>
