-----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, VNQd+MzZs9EsaFYuLndQCdxTBnsUEj5t9+RWr4Yv5qI66zIVp6iIfU/7vRCxmzvy k7Dq7n84T9YGimPbQSLNQQ== 0000950134-03-001531.txt : 20030203 0000950134-03-001531.hdr.sgml : 20030203 20030203162907 ACCESSION NUMBER: 0000950134-03-001531 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030128 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENCORE ACQUISITION CO CENTRAL INDEX KEY: 0001125057 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752759650 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16295 FILM NUMBER: 03536778 BUSINESS ADDRESS: STREET 1: 777 MAIN STREET, SUITE 1400 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8178779955 8-K 1 d02901e8vk.txt FORM 8-K 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): January 28, 2003 ENCORE ACQUISITION COMPANY (Exact name of registrant as specified in its charter) Commission File No. 001-16295 Delaware 75-2759650 - -------------------------------- ---------------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 777 Main Street, Suite 1400, Ft. Worth, Texas 76102 --------------------------------------------- --------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (817) 877 - 9955 Item 5. Other Events. On January 28, 2003, Encore Acquisition Company, a Delaware corporation (the "Company"), issued a press release announcing year end 2002 reserves, production, and finding and development costs. A copy of the press release is filed as Exhibit 99.1. Item 7. Financial Statements and Exhibits. (c) Exhibits. 99.1 Press Release dated January 28, 2003. 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. ENCORE ACQUISITION COMPANY Date: February 03, 2003 By: /s/ Morris B. Smith --------------------------------------- Morris B. Smith Chief Financial Officer, Treasurer, Executive Vice President and Principal Financial Officer Date: February 03, 2003 By: /s/ Robert C. Reeves --------------------------------------- Robert C. Reeves Vice President, Controller and Principal Accounting Officer INDEX TO EXHIBITS
EXHIBIT NUMBER DESCRIPTION 99.1 Press Release dated January 28, 2003.
EX-99.1 3 d02901exv99w1.txt PRESS RELEASE DATED JANUARY 28, 2003 EXHIBIT 99.1 ENCORE ACQUISITION COMPANY ANNOUNCES YEAR END 2002 RESERVES AND FINDING AND DEVELOPMENT COSTS; REPLACES 392% OF 2002 PRODUCTION FORT WORTH, Texas - January 28, 2002 - Encore Acquisition Company ("Encore") (NYSE: EAC) announced today that proved reserves at December 31, 2002, were 128.3 million barrels of oil equivalent ("MMBOE"). This is an increase of 23% compared with year-end 2001 proved reserves of 104.0 MMBOE and replaces 392% of 2002 production. The Company's results are attributable to continued success with the drill bit as well as acquisitions in the Permian and Paradox Basins. Drilling capital for 2002 totaled $80.3 million, with finding and development costs of $5.93/BOE. Including acquisition capital of $78.5 million, the "all in" costs of reserve additions was $5.48/BOE, unadjusted for revisions. Revisions of prior reserve estimates were a positive 2.7 MMBOE and production was 7.4 MMBOE. The 128.3 MMBOE of proved reserves are 87% oil and 82% proved developed producing. The reserve-to-production ratio is 17.3 years and 14.3 years for total proved reserves and proved developed producing, respectively. As previously announced, Encore will release fourth quarter and full year audited results on February 11, 2003, after the market closes and will host a conference call and webcast at 11:00 a.m. CST on February 12, 2003. The conference call can be accessed by dialing 800.289.0746 and supplying the title "Encore Acquisition Company Fourth Quarter Conference Call" and the webcast can be assessed via http://www.encoreacq.com. Organized in 1998, Encore is a growing independent energy company engaged in the acquisition, development and exploitation of North American oil and natural gas reserves. Encore's oil and natural gas reserves are located in the Williston Basin of Montana and North Dakota, the Permian Basin of Texas and New Mexico, the Anadarko Basin of Oklahoma, the Powder River Basin of Montana and the Paradox Basin of Utah. This press release includes forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events based on assumptions and estimations that management believes are reasonable given currently available information. However, the assumptions of management and the future performance of Encore are both subject to a wide range of business risks and uncertainties and there is no assurance that these statements and projections will be met. Factors that could affect Encore's business include, but not limited to: amount, nature and timing of capital expenditures; drilling of wells; timing and amount of future production of oil and natural gas; operation hazards; operating costs and other expenses and marketing of oil and natural gas. Actual results could differ materially from those presented in the forward-looking statements. Encore undertakes no obligation to publicly update or revise any forward-looking statements. Further information on risks and uncertainties is available in Encore's filings with the Securities and Exchange Commission, which are incorporated by this reference as though fully set forth herein. CONTACTS: MORRIS B. SMITH EXECUTIVE VICE PRESIDENT AND CFO 817-339-0908 RANI M. WAINWRIGHT ASSISTANT TREASURER 817-339-0919
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