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
February 9, 2004
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Date of Report (Date of earliest event reported)
OCEANIC EXPLORATION COMPANY
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(Exact name of Registrant as specified in its charter)
Delaware 0-6540 84-0591071
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(State or other juris- (Commission File Number) (IRS Employer
diction of Incorporation Identification No.)
7800 East Dorado Place, Suite 250, Englewood, Colorado 80111
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(Address of principal executive offices) (Zip Code)
(303) 220-8330
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(Registrant's telephone number,
including area code)
ITEM 5. Other Events.
We have elected to forego the opportunity to pursue an appeal to the High Court
in Australia pertaining to the case filed by Oceanic and Petrotimor against
the Commonwealth of Australia, the Joint Authority formed between Australia and
Indonesia and subsidiaries of Phillips Petroleum companies operating within the
Timor Gap area. Although we are making every effort to secure reimbursement of
our Security for Cost deposit, there is no assurance that we will be
successful. We will continue to pursue our rights, including exploring other
avenues to enforce our claims relating to our oil and gas exploration and
development rights, granted by Portugal to Petrotimor in the Timor Sea.
/s/ Courtney Cowgill
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Courtney Cowgill -- Treasurer/Chief
Financial Officer