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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): March 21, 2006
NEXEN INC.
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(Exact Name of Registrant as Specified in Its Charter)
CANADA
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(State or Other Jurisdiction of Incorporation)
1-6702 98-6000202
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(Commission File Number) (IRS Employer Identification No.)
801 - 7TH AVENUE S.W.
CALGARY, ALBERTA, CANADA T2P 3P7
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(Address of Principal Executive Offices) (Zip Code)
(403) 699-4000
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(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01. OTHER EVENTS.
On March 21, 2006, Nexen Inc. announced that drilling and logging operations on
the sidetrack well at the Knotty Head discovery on Green Canyon 512 had
concluded. The sidetrack encountered all reservoirs seen in the discovery well
and approximately 400 feet of net oil pay were logged. Based on results from the
first exploration well, Nexen Inc.'s resource estimate for the field is 200 to
500 million barrels of oil equivalent. Nexen believes the majority of the
resources are located on its leasehold. Nexen Inc. is the operator of the block
with a 25% working interest. Other owners, each with a 25% interest, include
Anadarko Petroleum Corporation, BHP Billiton and Chevron.
On March 21, 2006, Nexen Inc. issued the press release attached as Exhibit 99.1
hereto.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
The following Exhibit is filed as part of this report:
99.1 Press Release of Nexen Inc. dated March 21, 2006
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report on Form 8-K to be signed on its
behalf by the undersigned, thereunto duly authorized.
Dated: March 22, 2006
NEXEN INC.
By: /s/ Rick Beingessner
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Name: Rick Beingessner
Title: Assistant Secretary
EXHIBIT INDEX
EXHIBIT DESCRIPTION
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99.1 Press Release of Nexen Inc. dated March 21, 2006