-----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, SHtYFGKbEc6VEXBHL4zKFkooTf+UByN0gFqDwafaF3p4wFmYDoVdFXi/iKtNybJx ZT6vXOgvQvikhvrcLubrUQ== 0000899243-99-002042.txt : 20000211 0000899243-99-002042.hdr.sgml : 20000211 ACCESSION NUMBER: 0000899243-99-002042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990930 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BELLWETHER EXPLORATION CO CENTRAL INDEX KEY: 0000319459 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 760437769 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-09498 FILM NUMBER: 99721042 BUSINESS ADDRESS: STREET 1: 1331 LAMAR STREET 2: SUITE 1455 CITY: HOUSTON STATE: TX ZIP: 77010 BUSINESS PHONE: 7136501025 MAIL ADDRESS: STREET 1: 1221 LAMAR STREET 2: STE 1600 CITY: HOUSTON STATE: TX ZIP: 77010-3039 8-K 1 FORM 8-K ================================================================================ 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 September 30, 1999 BELLWETHER EXPLORATION COMPANY (Exact name of registrant as specified in its charter) DELAWARE 0-9498 76-0437769 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer incorporation or organization) Identification Number) 1331 LAMAR, SUITE 1455 HOUSTON, TEXAS 77010 (Address of principal executive offices) (713) 650-1025 (Registrant's telephone number, including area code) ================================================================================ ITEM 1. CHANGES IN CONTROL OF REGISTRANT Not applicable ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS Not applicable ITEM 3. BANKRUPTCY OR RECEIVERSHIP' Not applicable ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS Not applicable ITEM 5. OTHER EVENTS Bellwether Exploration Company made the press release attached hereto as Exhibit 99A on September 29, 1999, announcing the election of J.P. Bryan as Chairman of the Board and Chief Executive Officer, the promotion of Cliff M. West to Senior Vice President-Exploitation & Exploration and the promotion of Robert J. Bensh to Senior Vice President-Finance. ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS Not applicable ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Exhibits 99A. Copy of the company's press release dated September 29, 1999. ITEM 8. CHANGE IN FISCAL YEAR Not applicable ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S Not applicable -2- SIGNATURES Pursuant to the requirements of the Securities Exhange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BELLWETHER EXPLORATION COMPANY /s/ J.P. BRYAN September 30, 1999 By: ___________________________ J.P. Bryan, Chairman and CEO -3- EX-99.1 2 PRESS RELEASE [LOGO OF BELLWETHER EXPLORATION COMPANY APPEARS HERE] FOR IMMEDIATE RELEASE Contact: September 29, 1999 Rob Bensh Senior Vice President - Finance (713) 756-7029 BELLWETHER EXPLORATION ANNOUNCES STRATEGIC DIRECTION J.P. Bryan Elected Chairman and CEO Cliff West and Robert Bensh Promoted to Senior Vice President HOUSTON - Newly elected Chairman and CEO J.P. Bryan today announced Bellwether Exploration Company's vision for the future. The Company's goal is to become an industry leader, producing peerless performance in every important category of financial measurement, thereby delivering superior value to shareholders. The strategy to do this will be: . Exploit and expand our three core areas in W. Texas, Louisiana and the Gulf of Mexico by acquisition and expanded drilling. . Expand the number of operated fields within the portfolio, extend the reserve life index, and regularly divest mature properties to enhance financial results. . Pursue an international strategy that will focus on acquiring and exploiting producing fields. . Significantly improve exploration success by drilling in and around existing core areas, both domestically and internationally. . Company will favor its strength in low-risk exploration, acquisitions and exploitation and will outsource all functions that do not add significant value. "We intend to be a top quartile performer in our peer group in every facet of measurement," said Mr. Bryan. "At the same time, we intend to develop a workplace that rewards creativity and contrarian thinking. All Bellwether employees are committed to improving the financial performance of the company and the resulting enhancement to shareholder value." In addition to electing J.P. Bryan Chairman and CEO on a full time basis, the Board of Directors promoted Cliff M. West, Jr. and Robert J. Bensh to Senior Vice President - Exploitation & Exploration and Senior Vice President - Finance, respectively. Mr. West, who joined the company in November 1997 as a geophysicist, has over 35 years of oil and gas experience and most recently served as Bellwether's International General Manager. In his new position, he will direct Bellwether's domestic and international exploratory and development efforts. Mr. Bensh, who has served as Vice President - Corporate Relations and Capital Markets since joining Bellwether in January 1998, will be responsible for financial management for the Company. His previous experience includes the former Box Energy and Torch Energy Advisors Incorporated. "Both Cliff and Rob are committed to our future success and have already been an integral part of many significant accomplishments during their tenure. Their promotions recognize that they will be instrumental in our growth and will serve the Company well in the years ahead," said Mr. Bryan. Bellwether will host a conference call to discuss this press release on Wednesday, September 29, 1999 at 4:30 AM Eastern time/3:30 AM Central time. Please dial (212) 896-6122 to access the call. The reservation number for this call is 13248424. Bellwether Exploration Company (NASDAQ: BELW) is an independent oil and gas exploration and production Company headquartered in Houston, Texas. Bellwether employs a program of producing property acquisitions and technology-driven development to increase its reserves, cash flow and net asset value. The Company's principal area of activity is West Texas and the Texas/Louisiana Gulf Coast, both onshore and offshore. For more information about Bellwether's operations please visit the Company's web site at www.bellwetherexp.com. -----END PRIVACY-ENHANCED MESSAGE-----