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): November 15, 2002
Coastal Caribbean Oils & Minerals, Ltd.
(Exact name of registrant as specified in its charter)
Bermuda 1-4668 NONE
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Clarendon House, Church Street, Hamilton HM DX, BERMUDA NONE
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (441) 295-1422
N/A
(Former name or former address, if changed since last report.)
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FORM 8-K
COASTAL CARIBBEAN OILS & MINERALS, LTD.
ITEM 5. OTHER EVENTS
On November 15, 2002, the trial court in the takings litigation of the
Registrant's majority owned subsidiary, Coastal Petroleum Company, against the
State of Florida issued its Final Judgment that the State's denial of a permit
to drill on Coastal Petroleum's Lease 224-A did not constitute an unlawful
taking of Coastal Petroleum's property.
Coastal Petroleum Company intends to file a notice of appeal of the Final
Judgment to the Florida First District Court of Appeal within the next several
business days.
A copy of the Final Judgment dated November 15, 2002, is attached hereto
as Exhibit 99.1 and is incorporated herein in its entirety.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
99 Additional Exhibits
99.1 Coastal Petroleum Company v. State of Florida, et al.,
Final Judgment of L. Ralph Smith, Jr. Circuit Judge,
Circuit Court of the Second Judicial Circuit in and
for Leon County, Florida, Case No. 01-101 (November 15,
2002).
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FORM 8-K
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
COASTAL CARIBBEAN OILS &
MINERALS, LTD.
(Registrant)
By: /s/ Benjamin W. Heath
---------------------------
Benjamin W. Heath
President
Date: November 18, 2002
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