| Ticker: RMOC | 5 Greenway Plaza, Suite 220 | |
| Exchange: NASDAQ-National Market | Houston, Texas 77046 | |
| Industry: Natural Resources | (713) 622-5555 |
| Type of Shares: | Common Shares | Filing Date: | 4/29/96 | |
| U.S. Shares: | 3,200,000 | Offer Date: | 6/21/96 | |
| Non-U.S. Shares: | 800,000 | Filing Range: | $20.00 - $22.00 | |
| Primary Shares: | 4,000,000 | Offer Price: | $23.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.61 | |
| Offering Amount: | $84,000,000 | Selling: | $0.97 | |
| Expenses: | $740,000 | Reallowance: | $0.10 | |
| Shares Out After: | 25,000,000 |
| Manager | Tier | Phone |
| J.P. Morgan Securities Inc. | Lead Manager | (212) 648-9922 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $0.01 | $0.00 | $0.00 | Assets: | $73.29 |
| Net Income: | -$0.51 | -$0.50 | -$0.11 | Liabilities: | $50.52 |
| EPS: | Equity: | $22.77 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is an independent energy company engaged in the exploration and production of oil and gas properties in Southeast Asia. Currently the Company's exploration and development activities are entirely in the Gulf of Thailand and are conducted through its subsidiary, Thai Romo Limited, a limited liability company existing under the laws of Thailand. The Company is one of four concessions in Block B8/32 currently covering approximately 1.3 million acres in the central portion of the Gulf of Thailand. Subsidiaries of Pogo Producing Company and Maersk Olie og Gas AS and The Sophonpanich Co. Limited are currently the other concessionaires in the Block. The Company was instrumental in identifying the Block as a viable prospect and organizing the Concessionaires to submit a joint bid for the Block. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay all outstanding bank debt, lend money to Rutherford-Moran Exploration Company for the repayment of Notes and the redemption of shares, and for capital expenditures and for general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.