-----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, PMG63KLRYs3Klk8+W4Ma9kLu+egR2BlRzEkf6d+mmN+HxhFeJdBBCAjo8ViVkwL0 VXJ4cMypa411zX0VSQCtCw== 0000930661-97-000050.txt : 19970109 0000930661-97-000050.hdr.sgml : 19970109 ACCESSION NUMBER: 0000930661-97-000050 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970107 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970108 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: 97502306 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): January 7, 1997 AVIVA PETROLEUM INC. (Exact name of registrant as specified in its charter) TEXAS 0-22258 75-1432205 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer 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 January 7, 1997, that is filed herewith as Exhibit 20.1 is incorporated herein by reference. ITEM 7. EXHIBITS c) Exhibits 20.1 Press release dated January 7, 1997, reporting on the closing of the U.S. onshore properties sale. 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: January 7, 1997 /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 January 7, 1997, reporting on the closing of the U.S. onshore properties sale. ___________ ** Filed Herewith 3 EX-20.1 2 PRESS RELEASE EXHIBIT 20.1 PRESS RELEASE [LOGO OF AVIVA PETROLEUM APPEARS HERE] For immediate release - -------------------------------------------------------------------------------- AVIVA PETROLEUM REPORTS CLOSING ------------------------------- OF U.S. ONSHORE PROPERTIES SALE ------------------------------- DALLAS, TEXAS, JANUARY 7, 1997 . . . .Aviva Petroleum Inc. (AMEX: "AVV"), the Dallas based oil and gas exploration company reports today the successful closing, on December 23, 1996, of the sale of all of its United States onshore oil and gas properties for approximately $3,000,000 in cash. Out of these proceeds, $2.8 million has been applied to reduce bank debt to just under $8 million at December 31, 1996, bringing the Company's debt to equity ratio down to approximately 30 percent. The remainder of the proceeds was 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 now operates both of its remaining U.S. oil and gas properties, which are in the Gulf of Mexico offshore Louisiana, at Main Pass 41 and Breton Sound 31 fields. The Company is currently conducting discussions with several prospective industry partners interested in farming-in to the Breton Sound 31 deep prospects indicated by a recently interpreted 3-D seismic survey. 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-----