UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-K/A (X) Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 1997 ( ) Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ ________________________ Commission File Number: 0-22032 ________________________ CEANIC CORPORATION (Exact Name of Registrant as Specified in its Charter) Louisiana 72-0918249 (State or Other Jurisdiction of (I.R.S. Employer Identification Number) Incorporation or Organization) 900 Town & Country Lane, Suite 400 70024 Houston, Texas (Zip Code) (Address of Principal Executive Offices) (713) 430-1100 (Registrants telephone number, including area code) ________________________ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13(b) or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [x] No _______ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K report or any amendment hereto. Aggregate market value of the voting stock held by non-affiliates (affiliates being, for these purposes only, directors, executive officers, and the holders of more than 5% of the registrant's Common Stock) of the registrant as of December 31, 1997, based upon the closing sale price of the Common Stock on the Nasdaq National Market: $96,689,918 Number of shares of Common Stock outstanding at March 2, 1998: 10,640,760 DOCUMENTS INCORPORATED BY REFERENCE None. American Oilfield Divers, Inc. (the "Company") hereby amends its Annual Report on Form 10-K for the year ended December 31, 1997 (the "Form 10-K") by filing Exhibit 99.1 (its Annual Report on Form 11-K pursuant to Section 15(d)) thereto. PART IV Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K (b) Exhibits 99.1 Annual Report on Form 11-K Pursuant to the requirements of the Securities Act of 1934, the registrant has duly caused this amendment to be signed on its behalf by the undersigned, thereunto duly authorized. AMERICAN OILFIELD DIVERS, INC. /s/ Bradley M. Parro Bradley M. Parro Chief Financial Officer and Chief Accounting Officer Date: June 30, 1998 EXHIBIT INDEX Exhibit No. Description 99.1 Annual Report on Form 11-K