[Federal Register Volume 60, Number 17 (Thursday, January 26, 1995)]
[Notices]
[Page 5230]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1915]



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SECURITIES AND EXCHANGE COMMISSION

Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Beta Well Service Inc., Common Stock, No Par Value) 
File No. 1-11670

January 20, 1995.
    Beta Well Service Inc. (``Company'') has filed an application with 
the Securities and Exchange Commission (``Commission''), pursuant to 
Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and Rule 
12d2-2(d) promulgated thereunder, to withdraw the above specified 
security (``Security'') from listing and registration on the American 
Stock Exchange, Inc. (``Amex'').
    The reasons alleged for striking the Security from listing and 
registration include the following:
    According to the Company, the Company received a letter dated 
October 11, 1994, from the Exchange stating that it was considering 
delisting the Security because it believed that the Company had 
violated the Exchange's listing agreement and disclosure policies. 
After the Company submitted its responses to the Exchange by letters 
dated October 24, 1994 and November 1, 1994, the Exchange sent a letter 
to the Company dated November 23, 1994, stating that the Exchange had 
decided to delist the Security. Although the Company initially elected 
to appeal the Exchange's decision to delist the Security to the 
Exchange's Board of Governors, the Company has decided to settle 
matters by removing the Security from listing on the Exchange. The 
Company is now of the position that in view of the Impasses between the 
Exchange and the Company and the large expenditures of money and 
management time that would be required before a final resolution of the 
matters at issue could be obtained, it is in the best interest of both 
the Company and its shareholders that matters be settled by delisting 
the Security from the Exchange.
    The Exchange has also agreed that it would be in the best interest 
of the Exchange and the investing public to resolve this issue between 
the Company and the Exchange in this manner.
    Any interested person may, on or before February 10, 1995, submit 
by letter to the Secretary of the Securities and Exchange Commission, 
450 Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon 
whether the application has been made in accordance with the rules of 
the Amex and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 95-1915 Filed 1-25-95; 8:45 am]
BILLING CODE 8010-01-M