-----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, DAdHQpgeG4z/skWzo+/O3RynP6cVwVAaqOf6iw7fhXvh8W+2J6BYHh007kh1v/NM n1fFYygoUvoKr4bKUGY4Jw== 0001000096-05-000247.txt : 20050418 0001000096-05-000247.hdr.sgml : 20050418 20050418172130 ACCESSION NUMBER: 0001000096-05-000247 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20050414 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050418 DATE AS OF CHANGE: 20050418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PYR ENERGY CORP CENTRAL INDEX KEY: 0001016289 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 954580642 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15511 FILM NUMBER: 05757523 BUSINESS ADDRESS: STREET 1: 1675 BROADWAY STREET 2: STE 2450 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3038253748 MAIL ADDRESS: STREET 1: 1675 BROADWAY STREET 2: SUITE 2450 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: MAR VENTURES INC DATE OF NAME CHANGE: 19960606 8-K 1 pyr8k4182005.htm FORM 8-K (4-18-2005) AutoCoded Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 14, 2005, April 18, 2005

PYR Energy Corporation
(Exact name of registrant as specified in its charter)

           Maryland            000-15511                95-4580642  
(State or other jurisdiction   (Commission File Number)   (IRS Employer  
       of incorporation)           Identification No.)  


1675 Broadway, Suite 2450, Denver, Colorado 80202
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (303) 825-3748

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

[    ]     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


 

[    ]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


 

[    ]     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


 

[    ]     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 2.02 Results of Operations and Financial Condition.

On April 14, 2005, PYR Energy Corporation (the "Company") announced the Company's financial results for the three months ended February 28, 2005. A copy of the Company's press release is attached hereto as Exhibit 99.1

Item 7.01.      Regulation FD Disclosure.

On April 18, 2005, the Company announced that it is participating in the 2005 Independent Petroleum Association of America’s Oil & Gas Investment Symposium to be held at the Sheraton New York Hotel and Towers in New York City, April 19-20, 2005. The Company's presentation will be webcast live and will also be available for replay. A copy of the Company’s press release is attached hereto as Exhibit 99.2.

Item 9.01.      Financial Statements and Exhibits

(c)     Exhibits.

Exhibit No.          Description

99.1                      Press Release issued April 14, 2005.

99.2                      Press Release issued April 18, 2005.

The information in this Current Report on Form 8-K shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any filing of the Company, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

SIGNATURES

     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 thereunto duly authorized.

Date:     April 18, 2005

 

PYR ENERGY CORPORATION


 

By: /s/ D. Scott Singdalsen
D. Scott Singdahlsen
Chief Financial Officer and President

EX-99.1 2 pyr8k4182005exh991.htm PRESS RELEASE (4-14-2005) AutoCoded Document

Exhibit 99.1

NEWS RELEASE
April 14, 2005

PYR Energy Reports Quarterly Financial Results and Provides Operational Update Thursday April 14, 6:15 pm ET

DENVER, April 14 /PRNewswire-FirstCall/ — PYR Energy Corporation (Amex: PYR — News) today announced financial results for the three months ended February 28, 2005. The Company recorded increased production and revenues for the quarter, as well as a net income of $30,205, or $0.00 per common share compared with a net loss of $401,858, or 2 cents ($0.02) per common share for the three months ended February 29, 2004.

During the quarter ended February 28, 2005, the Company recorded $1,195,671 in total oil and gas revenues. Of this amount, we recorded $553,457 from the sale of 81,655 mcf of natural gas for an average price of $6.78 per mcf, and $642,214 from the sale of 14,369 bbls of hydrocarbon liquids for an average price of $44.69 per bbl. During the quarter ended February 29, 2004, we recorded $44,376 in total oil and gas revenues. Of this amount, we recorded $32,782 from the sale of 7,113 mcf of natural gas for an average price of $4.61 per mcf and $11,594 from the sale of 398 bbls of hydrocarbon liquids for an average price of $29.13 per barrel. Lease operating expenses during the quarters ended February 28, 2005 and February 29, 2004, respectively, were $230,153 and $21,681. Resulting net revenues for oil and gas production were $992,518 and $22,695 respectively for the quarters ended February, 2005 and 2004.

Net production for the quarter ended February 28, 2005 totaled 167,869 Mcfe compared to 9,498 Mcfe for the corresponding quarter in 2004. The increase in net production from 2004 to 2005 resulted primarily from producing assets purchased and associated successful drilling during 2004. Comparing the quarters ended February 28, 2005 and November 30, 2004, net production increased by 14%, while net revenues, from oil and gas production, increased by 24%. These increases are primarily a result of increased production related to reaching payout status on the Sun Fee #1 well in Jefferson County, Texas combined with a slight decrease in average product prices during the quarter. Lease operating expenses (LOE) per producing Mcfe averaged $1.21 for the quarter.

At February 28, 2005, the Company had cash of $5,171,981, oil and gas receivables of $1,365,116, current liabilities of $1,832,573, total assets of $17,139,961, and stockholders equity of $8,201,669. There were 31,564,870 common shares outstanding at February 28, 2005.


Operational Update:

At the Rogers Pass project in the Montana Foothills, the Flesher Pass #14603-12 well commenced drilling operations on March 11 and is currently drilling ahead. Projected total depth of the well is anticipated to be approximately 14,500 feet. The well is an exploration test operated by Suncor Energy Natural Gas America Inc., with PYR retaining a 12.5% overriding royalty interest in the project.

At the Canadian River project in eastern Oklahoma, the Orbison #3-11 well, spud on March 20, is currently drilling ahead toward total depth. The well is a Cromwell in-field development well being operated by Questar. PYR is participating in the well with 28.98% working interest.

Tight drilling rig availability in Texas has delayed a number of wells that were anticipated to be drilled during the 2nd quarter. It is now anticipated that drilling will commence at Tortuga Grande and Madison within the next few months. At Tortuga Grande in east Texas, a new exploration well will be drilled to test an expanded Cotton Valley Sand section. PYR will participate in the drilling of this well with a 20% working interest. At the Madison project in south Texas, an offset well to the producing Maness GU #1 (Constitution Field — Upper Yegua) will be drilled with PYR participating at 12.5% working interest.

In the panhandle of north Texas, PYR has recently increased its working interest in the Hansford Field from 5% to approximately 40% (2 producing wells with associated un-developed acreage). PYR has proposed the drilling of a development well to test the Lower Morrow and Chester sections. It is anticipated that this well will be drilling in the coming months with PYR participating at an approximate 45% working interest.

At the Nome Field in Jefferson County, Texas, the operator of the Sun Fee #1-ST producing well has recently (mid-March) completed an enhancement of the surface facilities on location. As a result, production has been increased from an average of 15 MMcfe per day to approximately 20 MMcfe per day. Payout on the well was reached in mid-October and PYR is participating in the increased production from the Sun Fee #1-ST well.

Denver based PYR Energy is an independent oil and gas company primarily engaged in the exploration for and the development and production of natural gas and crude oil. At the current time, PYR’s activities are focused in select areas of the Rocky Mountain region, East Texas, and the Gulf Coast. Additional information about PYR Energy Corporation can be accessed via the Company’s web site at www.pyrenergy.com.

# # #

     This release and the Company’s website contain forward-looking statements regarding PYR Energy Corporation’s future plans and expected performance based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of exploration efforts and the timeliness of development activities, fluctuations in oil and gas prices, and other risk factors described from time to time in the Company’s reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company’s control. This press release and the Company’s website include the opinions of PYR Energy and does not necessarily include the views of any other person or entity.


Contact:   1675 Broadway, Suite 2450  
Scott Singdahlsen, President  Denver, CO 80202 
Tucker Franciscus, VP   Phone: 303.825.3748 
Fax:303.825.3768 
GRAPHIC 3 pyrlogo.gif GRAPHIC begin 644 pyrlogo.gif M1TE&.#=A<`);`/<``````(````"``("`````@(``@`"`@,#`P,#/($.*'#D2`,F3*%.J7,FRIO8,/.U`I5K-FS:-.J74NV[-JW<./*G9M3ZS^[=//JW/'11,GADRYLN7+!=MJ)FN0\T#`DQ67W;P9L^G3 MJ+F27KU5]&+/GR6S;INZMNW;0?$JA!U8=T+?H3O[QDV\N'&5PQ'R=MTZ<^C@ M!Z$?GTZ]>L7DRH,OC[VX=_/HTJV+'Q]/GOMW\-V]=]\NNB'V\O#C&W\O/+UZ MHNS;,PPOO[_5?]/TF7?>?.&'(!:FH40C2C=BB"BF"-:)$)5XH&LJQBBC62P^Y&*"-@> M?]QU^"*/1!;9DX_[`>F=D$,:Z>23,"')Y(\)$@CEE5B^)*6$32Z9I))9ABFF M3_EMV*658Z:IYD];KNGFFY&I!^><="*7X6K*R8G>G1S6Z>>!!RI*&Z*0BNEHF7K6-VF5D68ZXZ5`OL?IF9J&&N*G57KZJ:BHE_)( MZI1[3IKJJZF:RBFLM&HJZZ6UYHKHK:[JZJN"JPZ:W:R_%BM?L(P2>JJQS)*' M[+#*$CM6L]1^]>R>T/9:[;;%76MIMHYR*RYNWCK7Z++CIGM:N6:>*ZVZ\%;& MKGG@*AKOO93-6ZFYN.+K+V/ZPMAJN/\63%C`O!)L\,)[(6PBN@Q'+)?#[O8K M\<5O41RMQ1AW?);&'H>DO"[$V(ILLKPD?WORRHZ!S/++AKELJ;8PUZR4S/S2 M;//.D:7,;[V%\BQTS^^6/+/"0R>]$\[MYJ3% M3S3D<)]#"%Z0SFUH;NFPMX@C<+&I+MQG-MH$:NR\;SX:?HO_OKL MM^\^M>EM!5S\\L=_GTGUNX[[^[#+O_S^_OO?_P*HO_T%!H#ZV[[0& M?[H!W_D$=D`%(M!U^#L@`S/W&@%6T(`/G*`!"P@\#T)%=Q[ EX-99.2 4 pyr8k4182004exh992.htm PRESS RELEASE (4-18-2005) AutoCoded Document

Exhibit 99.2

NEWS RELEASE
April 18, 2005

PYR ENERGY TO PRESENT AT THE IPAA 2005 OIL & GAS INVESTMENT
SYMPOSIUM

DENVER – PYR Energy Corporation (AMEX:PYR) today announced that it is participating in the 2005 Independent Petroleum Association of America’s Oil & Gas Investment Symposium to be held at the Sheraton New York Hotel and Towers in New York City, April 19-20, 2005. D. Scott Singdahlsen, President and Chief Executive Officer, and Tucker L. Franciscus, Vice President, are scheduled to present from 3:20 p.m. to 3:40 p.m. Eastern Time on Wednesday, April 20, 2005.

The PYR energy presentation will be webcast live on Wednesday, April 20, 2005, at 3:20 p.m. Eastern Time. Log onto the internet at http://www.vcall.com/EventPage.asp?ID=91312.

If you are unable to participate during the live webcast, the call will be available for replay at http://www.vcall.com/ClientPage.asp?ID=91312 or http://www.vcall.com/

The Presentation will be posted on the PYR Energy website at www.pyrenergy.com later in the week.

     Denver based PYR Energy is an independent oil and gas company primarily engaged in the exploration for and the development and production of natural gas and crude oil.  At the current time, PYR’s activities are focused in select areas of the Rocky Mountain region, East Texas, and the Gulf Coast.  Additional information about PYR Energy Corporation can be accessed via the Company’s web site at www.pyrenergy.com.

# # #

     This release and the Company’s website contain forward-looking statements regarding PYR Energy Corporation’s future plans and expected performance based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of exploration efforts and the timeliness of development activities, fluctuations in oil and gas prices, and other risk factors described from time to time in the Company’s reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company’s control. This press release and the Company’s website include the opinions of PYR Energy and does not necessarily include the views of any other person or entity.

Contact:   1675 Broadway, Suite 2450  
Scott Singdahlsen, President  Denver, CO 80202 
Tucker Franciscus, VP   Phone: 303.825.3748 
Fax:303.825.3768 
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