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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
Amendment #1
Current Report Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): March 31, 1999
CEC RESOURCES LTD.
(Exact Name of Registrant as Specified in Charter)
Alberta 1-13630 98-0018241
(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction of Identification No.)
Incorporation)
1605, 700 6th Avenue S.W., Calgary, Alberta, Canada T2P 0T8
(Address of principal executive offices, zip code)
Registrant's telephone number, including area code: (403) 265-7605
Not Applicable
Former Name or Former Address if Changed Since Last Report
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Item 2 Acquisition or Disposition of Assets
(a) On March 31, 1999, CEC Resources Ltd. acquired for $2.1 million (CDN)
working interests in 17 natural gas wells and associated natural gas
gathering and compression facilities in the Wayne-Rosedale Field, located
in Alberta, Canada from Cometra Energy (Canada) Ltd. The acquisition was
funded with bank financing from Canadian Imperial Bank of Commerce
("CIBC").
(b) This acquisition increases CEC's working interest ownership in the Wayne-
Rosedale Field to approximately 97%. The acquisition of additional
ownership in the Wayne-Rosedale Field is consistent with CEC's strategy
of continuing to increase the value of its existing natural gas
properties through the development of proved reserves, creation of
operating cost efficiencies and the acquisition of additional working
interests.
(c) After review, CEC Resources Ltd. has determined that financial statements
regarding the acquisition of working interests from Cometra Energy
(Canada) Ltd. are not required under Regulation S-X.
Item 7 Financial Statements and Exhibits
(c) Exhibits
2.1* Agreement of Purchase and Sale between Cometra Energy (Canada) Ltd. and
CEC Resources Ltd.
99.1* Press release dated April 5, 1999 re Wayne-Rosedale Acquisition.
* Previously filed.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused the report to be signed on its behalf by the
undersigned thereunto duly authorized.
CEC Resources Ltd.
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(Registrant)
By: /s/ KEVIN D. STRUZESKI
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Kevin D. Struzeski
Treasurer
Date: June 15, 1999
