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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: JUNE 30, 1998
ENERGY SEARCH, INCORPORATED
(Exact Name of Registrant as Specified in Its Charter)
TENNESSEE 001-12679 62-1423071
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification Number)
280 FORT SANDERS WEST BLVD., SUITE 200
KNOXVILLE, TENNESSEE 37922
(Address of Principal Executive Offices) (Zip Code)
(800) 551-5810
Registrant's telephone number, including area code
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ITEM 5. OTHER EVENTS.
On June 17, 1998, Energy Search, Incorporated announced that the
Board of Directors authorized the officers of the Corporation from time to
time in their discretion to purchase up to 100,000 shares of the
Corporation's common stock, no par value. Such shares shall be given the
status of authorized but unissued shares pursuant to Tennessee law. The
Board of Directors has directed the officers to make these purchases in
compliance with Rule 10b-18 of the Securities Exchange Act of 1934.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
ENERGY SEARCH, INCORPORATED
(Registrant)
Dated: June 30, 1998 By /S/ RICHARD S. COOPER
Richard S. Cooper
President
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EXHIBIT INDEX
EXHIBIT DOCUMENT
99 Press Release dated June 30, 1998.
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EXHIBIT 99
FOR IMMEDIATE RELEASE
CONTACT: CHARLES P. TORREY, CHIEF EXECUTIVE OFFICER, ENERGY SEARCH,
INCORPORATED, 423-531-6562
ENERGY SEARCH, INCORPORATED ANNOUNCES
BOARD OF DIRECTORS' APPROVAL OF STOCK REPURCHASE PLAN
KNOXVILLE, Tennessee, June 30, 1998 -
Energy Search, Incorporated (Nasdaq: EGAS; BSE: EYS) today announced
that its Board of Directors has authorized the Company to repurchase up to
100,000 shares of the Company's common stock in open market, privately
negotiated or other transactions in conformity with the rules of the
Securities and Exchange Commission. As of June 17, 1998, the Company had
3,773,241 common shares outstanding.
"This action reflects Energy Search's confidence in its financial
position as well as optimism in the Company's future growth prospects,"
said Charles P. Torrey, Chairman and Chief Executive Officer.
Energy Search, Incorporated is an independent oil and gas exploration
and production company focused primarily on developmental drilling and
production of natural gas reserves in the Appalachian Basin and elsewhere
in the mid-continent region of the United States.
Certain statements in this news release respecting future expectations
and plans regarding financial condition and results of operations and
business may be regarded as "forward-looking statements" within the meaning
of the Securities Litigation Reform Act. They are subject to various
risks, such as the inherent uncertainties in interpreting geologic and
engineering data relating to underground accumulations of oil and gas,
discussed in detail in the Company's Securities and Exchange Commission
filings. Actual results may vary materially.
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