SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Abacan Resources Corporation
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(Name of Issuer)
Common stock
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(Title of Class of Securities)
00291910
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than 5 percent of the class securities
described in Item 1; and (2) has filed no amendment subsequent thereto reporting
beneficial ownership of five percent or less of such class.) (See Rule 13d-7.)
* The remainder of the cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934
(Act) or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the act (however, see the Notes).
(Continued on following page(s))
Page 1 of 6 Pages
<PAGE>
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CUSIP No. 00291910 13G Page 2 of 5 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
State Street Research & Management Company
#13-31424135
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Reporting Person is a corporation organized under Delaware law. Principal
office of Reporting Person is in Boston, MA.
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5. SOLE VOTING POWER
13,559,134
NUMBER OF
SHARES 6. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 14,228,534
8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,228,534
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10. CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.76%
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12. TYPE OF REPORTING PERSON*
Investment adviser
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*SEE INSTRUCTIONS BEFORE FILLING OUT
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SCHEDULE G
Item 1(a). Name of Issuer
Abacan Resources Corporation
Item 1(b). Address of Issuer's Principal Office
14811 St. Mary's Lane
Suite 140
Houston, TX 77079
Item 2(a). Name of Person Filing
State Street Research & Management Company
Item 2(b). Address of Principal Business Office
One Financial Center, 30th Floor
Boston, MA 02111-2690
Item 2(c). Citizenship
Reporting Person is a corporation organized under Delaware
law.
Item 2(d). Title of Class of Securities
Common Stock
Item 2(e). CUSIP Number
00291910
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Act
(b) |_| Bank as defined in Section 3(a)(6) of the Act
(c) |_| Insurance Company registered under Section 3(a)(19) of the Act
(d) |_| Investment company registered under Section 8 of the Investment
Company Act
(e) |X| Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940
(f) |_| Employee Benefit Plan, Pension Fund which is subject to the provisions
of the Employee Retirement Income Security Act of 1974 or Endowment
Fund: see Section 240.13d-1(b)(1)(ii)(F)
(g) |_| Parent Holding Company, in accordance with Section 240.13d-
1(b)(ii)(G) (Note: See Item 7)
(h) |_| A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) |_| A church plan that is excluded from the definition of an investment
company under Section 3(c) (14) of the Investment Company Act;
(j) |_| Group, in accordance with Section 240.13d-1(b)(1)(ii)(J)
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SCHEDULE G
Item 4. Ownership
Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer
identified in Item 1.
(a) Amount beneficially owned: 14,228,534
(b) Percent of Class: 11.76%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
13,559,134
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the disposition of:
14,228,534
(iv) shared power to dispose or direct the disposition of:
-0-
State Street Research & Management Company disclaims any
beneficial interest in any of the foregoing securities.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
Instruction: Dissolution of a group requires a response to
this item.
On or about February 12, 1999, SSR filed a Schedule 13 D
relating to the Issuer pursuant to Rule 13d-1(g). The
Reporting Person has disclaimed that it had any obligation to
file a Schedule13 D or that it was part of any group. See item
9 below.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
If any other person is known to have the right to receive or
the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities, a statement to
that effect should be included in response to this
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<PAGE>
SCHEDULE G
item and, if such interest relates to more than five percent
of the class, such person should be identified. A listing of
the shareholders of an investment company registered under the
Investment Company Act of 1940 or the beneficiaries of an
employee benefit plan, pension fund or endowment fund is not
required.
All foregoing shares are in fact owned by clients of State
Street Research & Management Company.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
If a parent holding company has filed this schedule, pursuant
to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and
attach an exhibit stating the identity and the Item 3
classification of the relevant subsidiary. If a parent holding
company has filed this schedule pursuant to Rule 13d-1(c),
attach an exhibit stating the identification of the relevant
subsidiary.
Inapplicable
Item 8. Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to Rule
13d-1(b)(ii)(H), so indicate under Item 3(b) and attach an
exhibit stating the identity and Item 3 classification of each
member of the group. If a group has filed this schedule
pursuant to Rule 13d-1(c), attach an exhibit stating the
identity of each member of the group.
Inapplicable
Item 9. Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an
exhibit stating the date of the dissolution and that all
further filings with respect to transactions in the security
reported on will be filed, if required, by members of the
group, in their individual capacity. See Item 5.
The Reporting Person is a registered investment adviser that
has previously filed a Schedule 13 G relating to the Issuer.
On or about February 12, 1999, the Reporting Person filed a
Schedule 13 D relating to the Issuer pursuant to Rule
13d-1(g). The Reporting Person has now determined that the
provisions of Rule 13d-1(g) no longer apply and that no
Schedule13 D is currently required to be filed. Accordingly
this
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SCHEDULE G
Schedule 13G is now being filed pursuant to Rule 13d-1(h). The
Reporting Person has disclaimed that it had any obligation to
file a Schedule 13 D or that it was part of any group. To the
extent that any such group may have been deemed to exist,
notice is hereby given that such group has been dissolved.
This Schedule 13 G and an Amendment 2 to Schedule 13 D have
been filed simultaneously.
Item 10. Certification
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
Signature
After reasonable inquire and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: December 22, 1999
Signature: Mary T. Lomasney
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Name/Title:
Vice President
Director of Compliance
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