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S-4/A
KEY ENERGY SERVICES INC filed this Form S-4/A on 03/08/1996
Entire Document
 
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                         WELLTECH, INC. AND SUBSIDIARIES
           CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
              FOR THE YEARS ENDED DECEMBER 31, 1994, 1993 AND 1992

                                 (In Thousands)




                                                 Common Stock
                                           Shares Issued                      Capital
                                               and             $1.00         in Excess          Accumulated
                                           Outstanding       Par Value      of Par Value           Deficit           Total
<S>                                          <C>             <C>               <C>               <C>             <C>  

BALANCE, DECEMBER 31, 1991                      3,112,617        $3,113           $50,169           $(42,923)       $10,359
10 for 1 reverse stock split                   (2,801,361)       (2,802)            2,802                  -              -
Net loss for year                                       -             -                 -             (7,820)        (7,820)
                                               ----------      --------          --------           ---------      ---------
BALANCE, DECEMBER 31, 1992                        311,256           311            52,971            (50,743)         2,539
Net loss for year                                       -             -                 -             (5,207)        (5,207)
                                               ----------      --------          --------           ---------      ---------
BALANCE, DECEMBER 31, 1993                        311,256           311            52,971            (55,950)        (2,668)
10 for 1 reverse stock split                     (280,430)         (280)              280                  -              -
Conversion of debt to equity, net of              277,436           277            34,037                  -         34,314
costs
Sale of  Common Stock                              39,209            39             4,715                  -          4,754
Net loss for year                                       -             -                 -               (211)          (211)
                                                ---------      --------          --------           ---------      ---------
BALANCE, DECEMBER 31, 1994                        347,471          $347           $92,003           $(56,161)       $36,189
                                                =========       =======           =======           =========       =======
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                     The accompanying notes are an integral
                      part of these consolidated financial
                                   statements.


                                      F-41