-----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, Kpxsk/BiVeYD5Nnqte8nCVItCYlYBBZC3dKkk0NHGQv82ieudnPdIaUTtUCp87I5 HVymxWgFdkND9ooaFHguAw== 0000950134-03-010844.txt : 20030801 0000950134-03-010844.hdr.sgml : 20030801 20030801154524 ACCESSION NUMBER: 0000950134-03-010844 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030731 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030801 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: 03818074 BUSINESS ADDRESS: STREET 1: 777 MAIN STREET, SUITE 1400 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8178779955 8-K 1 d07886e8vk.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): July 31, 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 7. Financial Statements and Exhibits. (c) Exhibits. 99.1 Press Release dated July 31, 2003. Item 9. Regulation FD Disclosure On July 31, 2003, Encore Acquisition Company, a Delaware corporation, issued a press release announcing that it has completed the previously announced acquisition of interests in natural gas properties located in the Elm Grove Field in Bossier Parish, Louisiana. A copy of the press release is filed as Exhibit 99.1 and is incorporated herein by reference. The press release is being furnished under Item 9 and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by Encore that the information in this report is material or complete, or that investors should consider this information before making an investment decision with respect to any security of Encore. 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: July 31, 2003 By: /s/ Morris B. Smith -------------------------------------- Morris B. Smith Chief Financial Officer, Treasurer, Executive Vice President and Principal Financial Officer Date: July 31, 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 July 31, 2003.
EX-99.1 3 d07886exv99w1.txt PRESS RELEASE EXHIBIT 99.1 ENCORE ACQUISITION COMPANY COMPLETES THE ACQUISITION OF NATURAL GAS PRODUCING PROPERTIES IN NORTH LOUISIANA FORT WORTH, Texas - July 31, 2003 - Encore Acquisition Company ("Encore") (NYSE: EAC) today announced that it has completed the previously announced acquisition of interests in natural gas properties located in the Elm Grove Field in Bossier Parish, Louisiana for $52.5 million including certain purchase price adjustments. The acquisition was funded with $41.0 million of bank financing under the Company's existing credit line and available cash. The acquired properties include non-operated working interests ranging from 2% to 38% across 1,800 net acres in 15 sections. Current net production is 7,200 per thousand cubic feet equivalent ("mcfe") per day, and the Company is expecting production to reach in excess of 12,000 mcfe per day in 2004. There are two wells currently being drilled and five wells waiting on completion. Third quarter guidance given in the previous press release issued July 29, 2003, reflected expected results of the transaction. Jon Brumley, Chairman and CEO stated, "This acquisition provides Encore with a new focus area that is expected to show significant growth through drilling and add-on acquisitions. The production profile from these properties along with our development drilling in the Cedar Creek Anticline ("CCA") and in West Texas will generate near term production and cash flow growth while awaiting uplift from the high-pressure air injection project at the CCA. We are excited about this new core area". 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, the Paradox Basin of Utah and the North Louisiana Salt Basin of Louisiana. 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 are not limited to: diversion of management's attention from existing operations while pursuing acquisitions; difficulties integrating acquisitions; complications resulting from increasing the scope and geographic diversity of our operations; inaccuracies in the assessment of reserves and daily and annual production with respect to acquisitions; inaccuracies in our assumptions regarding the expected revenues, lease operating expenses, production taxes and other items of income and expense related to acquisitions; the amount, nature and timing of capital expenditures; significant growth through drilling and add-on acquisitions; timing and amount of future production of oil and natural gas; operating 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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