-----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, HfEDgwavVtN3oxd9SGxW1/5MmGOinrfHadqSeogK37uPkOzol2eMyZfjLdb2Cvuk r8e6jPH4+KoQsLrtHWcEHw== 0000910484-95-000030.txt : 19950928 0000910484-95-000030.hdr.sgml : 19950927 ACCESSION NUMBER: 0000910484-95-000030 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19950925 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950925 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNION TEXAS PETROLEUM HOLDINGS INC CENTRAL INDEX KEY: 0000774214 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 760040040 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09019 FILM NUMBER: 95575872 BUSINESS ADDRESS: STREET 1: 1330 POST OAK BLVD CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7136236544 MAIL ADDRESS: STREET 1: 1330 POST OAK BLVD CITY: HOUSTON STATE: TX ZIP: 77056 0000910484-95-000030.txt : 19950927 0000910484-95-000030.hdr.sgml : 19950927 ACCESSION NUMBER: 0000910484-95-000030 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19950925 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950925 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNION TEXAS PETROLEUM HOLDINGS INC CENTRAL INDEX KEY: 0000774214 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 760040040 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09019 FILM NUMBER: 95575872 BUSINESS ADDRESS: STREET 1: 1330 POST OAK BLVD CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7136236544 MAIL ADDRESS: STREET 1: 1330 POST OAK BLVD CITY: HOUSTON STATE: TX ZIP: 77056 8-K 1 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): September 25, 1995 UNION TEXAS PETROLEUM HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 1-9019 76-0040040 (State or other (Commission (I.R.S. Employer jurisdiction File Number) Identification No.) of incorporation) 1330 Post Oak Boulevard, Houston, Texas 77056 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (713) 623-6544 2 Item 5. OTHER EVENTS. ------------- The information set forth in the press releases of the registrant dated September 6, 1995, September 13, 1995 and September 22, 1995, which are filed as exhibits hereto, are incorporated herein by reference. Item 7. FINANCIAL STATEMENTS AND EXHIBITS. --------------------------------- (c) Exhibits: Exhibit Number Description - ------ ----------- 99.1 Press release dated September 6, 1995 99.2 Press release dated September 13, 1995 99.3 Press release dated September 22, 1995 3 Signature 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. UNION TEXAS PETROLEUM HOLDINGS, INC. By: /s/ NEWTON W. WILSON, III -------------------------- NEWTON W. WILSON, III General Counsel, Vice President-Administration and Secretary Date: September 25, 1995 4 INDEX TO EXHIBITS Exhibit Number Description - ------ ----------- 99.1 Press release dated September 6, 1995 99.2 Press release dated September 13, 1995 99.3 Press release dated September 22, 1995 EX-99.1 2 UNION TEXAS 8-K EX-99.1 EXHIBIT 99.1 UNION TEXAS PETROLEUM (LETTERHEAD) NEWS RELEASE Contact: Carol L. Cox (713) 968-2714 UNION TEXAS PETROLEUM AGREES TO PARTICIPATE IN BARAGIANO EXPLORATION CONCESSION IN ITALY Houston, September 6, 1995 -- Union Texas Petroleum Holdings, Inc. today announced that its wholly-owned subsidiary, Union Texas Adriatic Inc., has entered into an agreement to acquire an interest in the onshore Baragiano exploration permit area in the Southern Apennines oil play in the Basilicata region of Southern Italy. The agreement is subject to final approval by the Italian government. Union Texas Adriatic has agreed to acquire from Enterprise Oil Exploration Ltd. a 20% working interest in the Baragiano permit, which covers about 92.890 acres. Enterprise serves as operator and will retain a 30% working interest. The remaining working interest is held by Mobil Adriatic Development Company, Inc. with 25% and Fina Italiana S.p.A. with 25%. Site preparations are underway for the permit's first exploration well, Monte Foi-1, which is expected to be spudded in the fourth quarter of 1995. The well is expected to be drilled to a total depth of about 6,300 meters (20,670 feet) and to take up to 12 months to drill and evaluate. Union Texas' agreement to acquire an interest in the Baragiano permit represents the independent worldwide oil and gas producer's fourth permit in the emerging Southern Apennines oil play. Earlier in 1995, the company acquired interests in the Serra Corneta, Tempa dei Mercanti and Forenza permit areas in the same region. Union Texas' working interests in these permit areas are 42%, 33.33% and 20%, respectively. Union Texas Adriatic serves as operator of the Serra Corneta permit. The Italian government has approved Union Texas' acquisition of interests in the Serra Corneta, Tempa dei Mercanti and Forenza permits. The company also has filed an application with the Italian government for an additional exploration permit area near the Serra Corneta and Tempa dei Mercanti permit areas. - more - 2 "We are excited about continuing to expand our activities in Italy with the acquisition of an interest in the Baragiano permit," said Roger Pierce, Union Texas General Manager- Exploration Operations. "Over the past few years, the Southern Apennines area has seen a number of important exploration successes. The region has attracted increasing attention from the petroleum industry. We look forward to participating in the exploration of this highly prospective area during the next several years." One of the largest independent producers located in the U.S., Houston-based Union Texas Petroleum Holdings, Inc. (NYSE: UTH) explores for and produces oil and gas overseas primarily in the U.K. North Sea, Indonesia and other strategic areas. The company has petrochemical operations in Louisiana. # # # EX-99.2 3 UNION TEXAS 8-K EX-99.2 EXHIBIT 99.2 UNION TEXAS PETROLEUM (LETTERHEAD) NEWS RELEASE Contact: Carol L. Cox (713) 968-2714 UNION TEXAS PETROLEUM ANNOUNCES RESULTS OF OFFSHORE TUNISIA EXPLORATION WELL Houston, September 13, 1995 -- Union Texas Maghreb, Inc., a subsidiary of Union Texas Petroleum Holdings, Inc., today announced the results of an exploration well drilled on the Ramla block offshore Tunisia. Union Texas, as operator, said that while the M'Sela No. 1 well found a significant oil column and an active hydrocarbon system, poor reservoir quality at this location makes the accumulation non-commercial. Additional exploration drilling on the block is planned for 1996. The M'Sela well began drilling on June 2, 1995, and is in the process of being plugged and abandoned, after reaching a total depth of 2,922 meters (9,587 feet). Union Texas said the well encountered a 150-meter gross (492 foot) oil column in fractured volcanics, but only conducted a test over 30 meters (98 feet) of the oil column due to operational reasons. The testing produced flow rates of up to 1,100 barrels a day of 35 degree API gravity oil. Union Texas said that production at these rates from volcanics is not commercial and that future exploration drilling on the Ramla block would focus on other structures which would be expected to have different types of reservoir rock. The M'Sela well also flowed 15 degree API oil from a carbonate section below the volcanics. "Based on information from the M'Sela well, we are planning an active exploration program in this area during 1996. We expect to acquire up to 1,000 kilometers of additional seismic on the Ramla block, which would be followed with further exploration drilling in 1996," said Union Texas Senior Vice President Art Peabody. The 1-million acre Ramla block is situated about 80 miles offshore in the Gulf of Gabes, approximately 140 miles southeast of the city of Tunis. Water depths in the area average about 200 feet. 2 - more - Union Texas Maghreb, Inc., LL&E Tunisia Ltd., a wholly-owned subsidiary of the Louisiana Land and Exploration Company, and "L'Entreprise Tunisienne d'Activities Petrolieres" (ETAP), the Tunisian National Oil Company, are co-venturers in the Ramla block. Union Texas Maghreb has a 50% working interest and LL&E also has a 50% working interest. ETAP has the right to participate for up to a 50% working interest in the event that a discovery is developed on the Ramla block. One of the largest independent producers located in the U.S., Houston-based Union Texas Petroleum Holdings, Inc. (NYSE: UTH) explores for and produces oil and gas overseas primarily in the U.K. North Sea, Indonesia and other strategic areas. The company has petrochemical operations in Louisiana. # # # A map of the Ramla block is available by contacting Union Texas at 713-968-2712. EX-99.3 4 UNION TEXAS 8-K EX-99.3 EXHIBIT 99.3 UNION TEXAS PETROLEUM (LETTERHEAD) NEWS RELEASE Contact: Carol L. Cox (713) 968-2714 UNION TEXAS PETROLEUM UPDATES OFFSHORE VIETNAM EXPLORATION PROGRAM Houston, September 22, 1995 -- Union Texas Asia Corporation, a wholly-owned subsidiary of Union Texas Petroleum Holdings, Inc., today issued an update on the exploration drilling program in the South Con Son Basin offshore Vietnam. The 04-2-HT-01X well, which is the first exploration well of a two-well program for 1995, commenced drilling on July 12, 1995. The well was plugged and abandoned on September 21, 1995. The well reached a total depth of 4,548 meters (14,922 feet). Although gas shows were encountered over a large interval while drilling, no flow tests were conducted due to poor reservoir quality. The second well of the 1995 exploration program is expected to begin drilling operations within the next several days. The well will be situated approximately 17 miles southwest of 04-2-HT-01X. The wells are located on the 628,000-acre Block 04.2 in the South Con Son Basin in the South China Sea, about 125 miles southeast of Vung Tau. The venture is operated by LASMO Vietnam Limited, a subsidiary of LASMO plc, which has a 37.5% working interest in the block. Union Texas Asia has a 25% working interest. The remaining 37.5% working interest is held by CIECO Con Son, Inc. One of the largest independent producers located in the U.S., Houston-based Union Texas Petroleum Holdings, Inc. (NYSE: UTH) explores for and produces oil and gas overseas primarily in the U.K. North Sea, Indonesia and other strategic areas. The company has petrochemical operations in Louisiana. # # # -----END PRIVACY-ENHANCED MESSAGE-----