-----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, RgL3V3DQh0N6C4MVgLkDec1+TvIA8KYdfnKPSz6x+097hlMaLcYx9QY/PqTn/JpY EdhsbhBFxCszMq36+uxBMg== 0000950150-97-000897.txt : 19970613 0000950150-97-000897.hdr.sgml : 19970613 ACCESSION NUMBER: 0000950150-97-000897 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970530 ITEM INFORMATION: Acquisition or disposition of assets ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970612 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPTIMA PETROLEUM CORP CENTRAL INDEX KEY: 0000872248 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 980115468 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19020 FILM NUMBER: 97622703 BUSINESS ADDRESS: STREET 1: 600 HOWE ST STREET 2: VANCOUVER BRITISH COLUMBIA CITY: CANADA V6C 2T5 STATE: A1 BUSINESS PHONE: 6046846886 MAIL ADDRESS: STREET 1: 600 HOWE ST STREET 2: VANCOUVER BRITISH COLUMBIA CITY: CANADA V6C 2T5 STATE: A1 8-K 1 FORM 8-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K ------------------------- PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: May 30, 1997 Commission File Number: 019020 OPTIMA PETROLEUM CORPORATION (Exact name of Registrant as specified in its charter.) CANADA 98-0115468 (State of Incorporation) (I.R.S. Employee Identification No.) #600, 595 HOWE STREET, VANCOUVER, BRITISH COLUMBIA, CANADA V6C 2T5 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (604) 684-6886 2 ITEM 2 - DISPOSITION OF ASSETS The Company announced that it has closed the sale of a substantial portion of its Canadian Petroleum assets for $16.8 million cash, plus adjustments. Funds will be used to retire corporate debt, accelerate development of the Company's U.S. asset base and pursue additional opportunities designed to significantly increase shareholder value. The effective date for accounting purposes is January 1, 1997. Attached is a news release which was delivered to the Toronto Stock Exchange and NASDAQ Stock Market on June 2, 1997 prior to the opening for stock trading. ITEM 7(C) - EXHIBITS
NO. DESCRIPTION --- ----------- 7.1 Press Release dated May 30, 1997
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on behalf of the undersigned hereunto duly authorized. JUNE 9, 1997 OPTIMA PETROLEUM CORPORATION /S/Ronald P. Bourgeois ------------------------- RONALD P. BOURGEOIS, CHIEF FINANCIAL OFFICER EX-7.1 2 PRESS RELEASE 1 TRADING SYMBOLS FOR FURTHER INFORMATION CONTACT: NASDAQ: OPPCF ROBERT L. HODGKINSON TSE: OPP TED CLARK AT 1-800-444-7704 TED@OPTIMAPETE.COM NEWS RELEASE SALE OF CANADIAN ASSETS CALGARY, ALBERTA - MAY 30, 1997 - OPTIMA PETROLEUM CORPORATION today announced that it has closed the sale of a substantial portion of its Canadian petroleum assets for $16.8 milllion cash, plus adjustments. Funds will be used to retire corporate debt, accelerate development of the Company's U.S. asset base and pursue additional opportunities designed to significantly increase shareholder value. Optima Petroleum Corporation is an independent oil and gas exploration company targeting the development of projects with a minimum potential of five million barrels equivalent in the U.S. Gulf Coast and West Texas, New Mexico Permian Basin. Common shares trade actively on the NASDAQ National Market System and the Toronto Stock Exchange. /s/ RONALD P. BOURGEOIS - --------------------------------------- Ronald P. Bourgeois, Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----