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 19, 1996


                          Black Warrior Wireline Corp.
================================================================================
             (Exact name of registrant as specified in its charter)


Delaware                                0-18754                    11-2904094
================================================================================
(State or other jurisdiction   (Commission File Number)         (IRS Employer
of incorporation)                                            Identification No.)


               3748 Highway 45 North, Columbus, Mississippi 39701
================================================================================
                    (Address of principal executive offices)


       Registrant's telephone number, including area code: (601) 329-1047


================================================================================
          (Former name or former address, if changed since last report)







<PAGE>



Item 2.  Acquisition or Disposition of Assets

         On November  19, 1996,  pursuant to an  agreement  entered into on that
date, the Company  acquired all of the issued and  outstanding  capital stock of
DynaJet,  Inc.,  a Wyoming  corporation  ("DynaJet").  DynaJet is engaged in the
wireline and oil and gas well services  business in the Gillette,  Wyoming area.
Its service area includes the states of Wyoming,  South Dakota,  Montana and New
Mexico.  The  capital  stock  was  acquired  from  Mr.  Les  DeSavedo,  the sole
stockholder of DynaJet,  for an aggregate purchase price of $756,531.  DynaJet's
operating  assets consist of eight wireline  trucks and related  equipment,  two
80-foot  mast  trucks,  three pickup  trucks,  a utility van and assorted  other
trailers, tools and equipment. DynaJet's assets also include two parcels of real
estate  located  in  Gillette,  Wyoming  aggregating  approximately  7 1/2 acres
presently used for offices, a workshop and storage.  All of the trucks and other
equipment are believed by the Company to be in good operating condition. DynaJet
has been  engaged in wireline  and oil and gas well  services  business for more
than the past 18 years.

         The Company  intends to sell the real estate  acquired and  consolidate
Dynajet's facilities at the Company's Mississippi operatin location.

         In  conjunction  with the  transaction,  Mr.  DeSavedo  entered  into a
three-year employment agreement with DynaJet which provides for a monthly salsry
of $3,250.

         The purchase  price for DynaJet was paid in part in cash and in part by
delivery of two  promissory  notes of the Company  aggregating  $380,000 each of
which is secured by one of the two  parcels of real  estate  acquired.  The cash
portion of the  purchase  price of  $379,531  was funded  using a portion of the
proceeds of a private placement of shares of the Company's Common Stock that was
completed on October 25, 1996.

         Of the promissory  notes, one is outstanding in the principal amount of
$150,000,  bears  interest at 8% per annum and is due on the earlier of the date
of the sale of the property  securing  payment of the note or November 19, 1997.
The second  promissory note is outstanding in the principal  amount of $230,000,
bears interest at the rate of the lesser of $1,500 per month or 8% per annum and
is due on the earlier of the date of the sale of the property  securing  payment
of the note or November 19, 2002.



<PAGE>



Item 7.  Financial Statements and Exhibits.

         (a)      Financial statements of business acquired.

                  It is  impracticable  for the Company to provide the  required
financial  statements for the business  acquired at the time this Current Report
on Form  8-K is  filed.  Such  financial  statements  will be  filed  as soon as
practicable,  but not later than 60 days after the date this  Current  Report on
Form 8-K is required to be filed.

         (b)      Pro forma financial information.

                  It is  impracticable  for the Company to provide the  required
pro forma  financial  information  for the  business  acquired  at the time this
Current Report on Form 8-K is filed.  Such pro forma financial  information will
be filed as soon as practicable,  but not later than 60 days after the date this
Current Report on Form 8-K is to be filed.

         (c)      Exhibits.

                  (1)      Purchase  Agreement  dated  November 19, 1996 between
Black Warrior  Wireline  Corp. and Les DeSavedo.







<PAGE>



                                   Signatures

         Pursuant to the  requirements  of the  Securities  and  Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


                                    Black Warrior Wireline Corp.





Dated:  November 9, 1996            By:     /s/ William L. Jenkins
                                       ---------------------------
                                       William L. Jenkins, President
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{"company-data": {"conformed-name": "BLACK WARRIOR WIRELINE CORP", "cik": "0000839871", "assigned-sic": "1389", "irs-number": "112904094", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-18754", "film-number": "96677395"}, "business-address": {"street1": "3748 HWY 45 N", "city": "COLUMBUS", "state": "MS", "zip": "39705-", "phone": "6013291047"}, "mail-address": {"street1": "3748 HWY 45 N", "city": "COLUMBUS", "state": "MS", "zip": "39705"}, "former-company": {"former-conformed-name": "TELETEK LTD", "date-changed": "19890719"}}
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 19, 1996

                          Black Warrior Wireline Corp.
================================================================================
             (Exact name of registrant as specified in its charter)

Delaware                                0-18754                    11-2904094
================================================================================
(State or other jurisdiction   (Commission File Number)         (IRS Employer
of incorporation)                                            Identification No.)

               3748 Highway 45 North, Columbus, Mississippi 39701
================================================================================
                    (Address of principal executive offices)

       Registrant's telephone number, including area code: (601) 329-1047

================================================================================
          (Former name or former address, if changed since last report)
Item 2.  Acquisition or Disposition of Assets

         On November  19, 1996,  pursuant to an  agreement  entered into on that
date, the Company  acquired all of the issued and  outstanding  capital stock of
DynaJet,  Inc.,  a Wyoming  corporation  ("DynaJet").  DynaJet is engaged in the
wireline and oil and gas well services  business in the Gillette,  Wyoming area.
Its service area includes the states of Wyoming,  South Dakota,  Montana and New
Mexico.  The  capital  stock  was  acquired  from  Mr.  Les  DeSavedo,  the sole
stockholder of DynaJet,  for an aggregate purchase price of $756,531.  DynaJet's
operating  assets consist of eight wireline  trucks and related  equipment,  two
80-foot  mast  trucks,  three pickup  trucks,  a utility van and assorted  other
trailers, tools and equipment. DynaJet's assets also include two parcels of real
estate  located  in  Gillette,  Wyoming  aggregating  approximately  7 1/2 acres
presently used for offices, a workshop and storage.  All of the trucks and other
equipment are believed by the Company to be in good operating condition. DynaJet
has been  engaged in wireline  and oil and gas well  services  business for more
than the past 18 years.

         The Company  intends to sell the real estate  acquired and  consolidate
Dynajet's facilities at the Company's Mississippi operatin location.

         In  conjunction  with the  transaction,  Mr.  DeSavedo  entered  into a
three-year employment agreement with DynaJet which provides for a monthly salsry
of $3,250.

         The purchase  price for DynaJet was paid in part in cash and in part by
delivery of two  promissory  notes of the Company  aggregating  $380,000 each of
which is secured by one of the two  parcels of real  estate  acquired.  The cash
portion of the  purchase  price of  $379,531  was funded  using a portion of the
proceeds of a private placement of shares of the Company's Common Stock that was
completed on October 25, 1996.

         Of the promissory  notes, one is outstanding in the principal amount of
$150,000,  bears  interest at 8% per annum and is due on the earlier of the date
of the sale of the property  securing  payment of the note or November 19, 1997.
The second  promissory note is outstanding in the principal  amount of $230,000,
bears interest at the rate of the lesser of $1,500 per month or 8% per annum and
is due on the earlier of the date of the sale of the property  securing  payment
of the note or November 19, 2002.
Item 7.  Financial Statements and Exhibits.

         (a)      Financial statements of business acquired.

                  It is  impracticable  for the Company to provide the  required
financial  statements for the business  acquired at the time this Current Report
on Form  8-K is  filed.  Such  financial  statements  will be  filed  as soon as
practicable,  but not later than 60 days after the date this  Current  Report on
Form 8-K is required to be filed.

         (b)      Pro forma financial information.

                  It is  impracticable  for the Company to provide the  required
pro forma  financial  information  for the  business  acquired  at the time this
Current Report on Form 8-K is filed.  Such pro forma financial  information will
be filed as soon as practicable,  but not later than 60 days after the date this
Current Report on Form 8-K is to be filed.

         (c)      Exhibits.

                  (1)      Purchase  Agreement  dated  November 19, 1996 between
Black Warrior  Wireline  Corp. and Les DeSavedo.
Signatures

         Pursuant to the  requirements  of the  Securities  and  Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                    Black Warrior Wireline Corp.

Dated:  November 9, 1996            By:     /s/ William L. Jenkins
                                       ---------------------------
                                       William L. Jenkins, President