-----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, QQmLtUXoxrvP0+GZKS54NHHwKnn2+ln2X19D+BIPhTYoB42Fdj9SjnDZOyLGQr31 PtOxCxdszy8gxiAD7cZg+w== 0000930661-96-001725.txt : 19961202 0000930661-96-001725.hdr.sgml : 19961202 ACCESSION NUMBER: 0000930661-96-001725 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961126 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19961127 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: AVIVA PETROLEUM INC /TX/ CENTRAL INDEX KEY: 0000910659 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 751432205 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13440 FILM NUMBER: 96673186 BUSINESS ADDRESS: STREET 1: 8235 DOUGLAS AVE STREET 2: STE 400 CITY: DALLAS STATE: TX ZIP: 75225 BUSINESS PHONE: 2146913464 MAIL ADDRESS: STREET 1: 8235 DOUGLAS AVE STREET 2: STE 400 CITY: DALLAS STATE: TX ZIP: 75225 8-K 1 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): November 26, 1996 AVIVA PETROLEUM INC. (Exact name of registrant as specified in its charter) TEXAS 0-22258 75-1432205 (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation or organization) Identification Number) 8235 DOUGLAS AVENUE, 75225 SUITE 400, DALLAS, TEXAS (Zip Code) (Address of principal executive offices) (214) 691-3464 (Registrant's telephone number, including area code) NOT APPLICABLE (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS The press release dated November 26, 1996 that is filed herewith as Exhibit 20.1 is incorporated herein by reference. ITEM 7. EXHIBITS c) Exhibits 20.1 Press release dated November 26, 1996 reporting agreement to sell U.S. onshore properties. 1 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. AVIVA PETROLEUM INC. Date: November 26, 1996 /s/ James L. Busby ------------------------------------ James L. Busby Treasurer and Secretary (principal financial and accounting officer) 2 EXHIBITS Number Description of Exhibit - ------ ---------------------- **20.1 Press release dated November 26, 1996 reporting agreement to sell U.S. onshore properties. _____________ ** Filed Herewith 3 EX-20.1 2 PRESS RELEASE EXHIBIT 20.1 PRESS RELEASE [LOGO OF AVIVA PETROLEUM APPEARS HERE] For immediate release - -------------------------------------------------------------------------------- AVIVA REPORTS AGREEMENT TO SELL U. S. ONSHORE PROPERTIES -------------------------------------------------------- DALLAS, TEXAS, NOVEMBER 26, 1996 . . . .Aviva Petroleum Inc. (AMEX: "AVV"), the Dallas-based oil and gas exploration company, reported today that it had reached an agreement to sell, effective October 1, 1996, all of its remaining United States onshore oil and gas properties for $3,000,000 in cash, subject to adjustments at closing which is expected to occur on or before December 23, 1996. The bulk of the proceeds will be used to reduce bank debt, with the remainder added to working capital. This sale concludes the process of rationalization of assets acquired by the Company through acquisitions in 1989 and 1990. The Company's remaining U.S. oil and gas properties are now offshore Louisiana, at Breton Sound and Main Pass, both of which are operated by the Company. The properties sold comprise approximately 350 wells located primarily in Pennsylvania, Oklahoma and Wyoming. During 1995, daily production averaged 64 barrels of oil per day and 2.3 million cubic feet of gas, net to the Company's interest, representing approximately 4% and 72%, respectively, of the Company's total production. For 1995, revenue and pre-tax loss attributable to these properties were $1,740,000 and $160,000, respectively. Aviva Petroleum is engaged in the exploration for and the development and production of oil and gas in Colombia and offshore in the United States. Aviva's common stock is also quoted on the London Stock Exchange (symbol "AVP"). Further Information: Ron Suttill Aviva Petroleum Inc. Dallas, Texas 214 691 3464 -----END PRIVACY-ENHANCED MESSAGE-----