-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H/FMxV2RH50gXa41jOlZiInJGiSPc9GBxTXCFzd/WrxN+YoqsGUqLDgSTX3QEEMp y9Wbr1K3QrA9DnPOxyr6sw== 0000950005-98-000915.txt : 19981125 0000950005-98-000915.hdr.sgml : 19981125 ACCESSION NUMBER: 0000950005-98-000915 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981116 ITEM INFORMATION: FILED AS OF DATE: 19981124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GEO PETROLEUM INC CENTRAL INDEX KEY: 0001016275 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 330328958 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-20915 FILM NUMBER: 98758303 BUSINESS ADDRESS: STREET 1: 501 DEEP VALLEY DRIVE STREET 2: SUITE 300 CITY: ROLLING HILLS STATE: CA ZIP: 90274 BUSINESS PHONE: 3102650721 MAIL ADDRESS: STREET 1: 501 DEEP VALLEY DRIVE STREET 2: SUITE 300 CITY: ROLLING HILLS STATE: CA ZIP: 90274 8-K 1 FORM 80K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K -------- Current Report Pursuant to Section 13 or 15(d) of The Securities Act of 1934 Date of Report (Date of earliest event reported) November 16, 1998 ------------------------------------------------ Geo Petroleum, Inc. ------------------------------------------------ (Exact name of registrant as specified in its charter) California 0-20915 33-0328958 ---------- ------- ---------- (State or other (Commission (I.R.S. Employer jurisdiction File Number) Identification No.) of incorporation) 2 Appaloosa Lane - -------------------------------------------- Rolling Hills, CA 90274 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 310-265-0721 ------------ 501 Deep Valley Drive, Rolling Hills Estates, CA 90274 - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Geo Petroleum, Inc. Item 5 Other Events GEO PETROLEUM, INC. FILES CHAPTER 11 PETITION - ---------------------------------------------- Rolling Hills, CA 90274, November 16, 1998: Geo Petroleum, Inc. --------------------------------------------------------------- (Symbol: GOPL), an independent oil and gas development and exploration company based in Rolling Hills, California, announced that on November 16, 1998, it filed a petition for reorganization of the Company under Chapter 11 of the U.S. Bankruptcy Code. The petition was filed in the United States Bankruptcy Court, Central District of California. Geo intends to file a plan of reorganization in mid-1999. The principal reasons for the filing were a default in the Company's $615,000 loan, poor oil prices, and two law suits brought because several wells could not be kept on commercial production. The Company's auditors, Ernst & Young, submitted their resignation. There was no dispute with the Company. Larry R. Burroughs' employment terminated at the end of his one-year term as President and he also resigned as a director. Mr. Burroughs will continue to serve as a consultant for the development of Geo's large reserves of heavy oil in the Oxnard Oil Field, Ventura County, California. 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. Geo Petroleum, Inc. - ------------------- Registrant - ---------- GERALD T. RAYDON - ----------------------------- GERALD T. RAYDON Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----