| Gulf Indonesia Resources Ltd. | |||
| Ticker: | GRL | ||
| Exchange: | New York Stock Exchange | Jarkarta, INDON | |
| Industry: | Natural Resources (SIC Code 1311) | ||
| Type of Shares: | American Depositary Receipts | Filing Date: | 8/29/97 | |
| U.S. Shares: | 10,500,000 | Offer Date: | 9/29/97 | |
| Non-U.S. Shares: | 10,500,000 | Filing Range: | $17.00 - $23.00 | |
| Primary Shares: | 14,500,000 | Offer Price: | $19.50 | |
| Secondary Shares: | 6,500,000 | Gross Spread: | $1.12 | |
| Offering Amount: | $420,000,000 | Selling: | $0.66 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - | |||
| Spin out parent firm: | Gulf Canada Resources Ltd. | |||
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| Morgan Stanley Dean Witter Discover & Co. | Co-manager | (212) 761-5900 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Business Description |
| The company is an oil and gas concern with extensive operations in Indonesia. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay outstanding debt to Gulf Canada, to pay an additional special dividend to Gulf Canada, to fund the company's ongoing capital and exploration expenditures and for general corporate purposes. |