FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
May 18, 2001
Date of Report (Date of earliest event reported)
GULFWEST OIL COMPANY
(Exact name of registrant as specified in its charter)
Texas
(State or other jurisdiction of incorporation)
1-12108 87-0444770
(Commission File Number) (IRS Employer
Identification Number)
397 N. Sam Houston Parkway E., Suite 375, Houston, Texas 77060
(Address of principal executive offices)
Registrant's telephone number, including area code: (281) 820-1919
ITEM 5. OTHER EVENTS
GulfWest Oil Company shareholders approved changing the name of the company
from “GulfWest Oil Company” to “GulfWest Energy Inc.” at the
annual shareholders’ meeting held May 18, 2001. The name change has been
filed with the Secretary of State of Texas and will take effect immediately.
The board of directors had recommended the name change to more
appropriately reflect the expanding business of the company. Currently,
GulfWest’s oil and natural gas reserves are comprised of 52% oil and 48%
natural gas. The company plans to continue to expand its role in the domestic
natural gas industry by (i) acquiring additional interests in natural gas
properties, (ii) increasing the production and reserve base of its existing
natural gas properties, and (iii) acquiring ownership of more natural gas
gathering systems and pipelines.
The shareholders also re-elected the seven incumbent directors for a one
year term and approved increasing the number of shares that can be issued
pursuant to the company's Employee Stock Option Plan from one million to two
million shares.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
c. Exhibits
Number Description
------ -----------
3.1 Certificate of Amendment of Articles of Incorporation filed
herewith.
23.1 News release announcing name change, filed herewith.