Attached files
| file | filename |
|---|---|
| EX-99.2 - Imperial Resources, Inc. | v190703_ex99-2.htm |
| EX-99.3 - Imperial Resources, Inc. | v190703_ex99-3.htm |
| EX-99.1 - Imperial Resources, Inc. | v190703_ex99-1.htm |
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): July 16,
2010
IMPERIAL
RESOURCES, INC.
(Exact
Name of Registrant as Specified in Charter)
|
Nevada
|
333-152160
|
83-0512922
|
||
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
|
123
West Nye Lane, Suite 129, Carson City, NV
|
89706
|
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (775) 884-9380
Former
name or Former Address, if Changed Since Last Report: N/A
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
|
¨
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
¨
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
|
¨
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Section
1 – Registrant’s Business and Operations
Item
1.01 Entry into a Material Definitive Agreement
On July
1, 2010, Imperial Oil entered into a participation agreement and joint operating
agreement with OKT Resources, LLC (“OKT”) to acquire an undivided 70% working
interest and 78% net revenue interest in two wells located on certain of OKT’s
leased property in Grayson County, Texas. Pursuant to the
participation agreement, Imperial Oil agreed to pay to OKT certain fees and
costs for such wells, estimated at $1,744,475, relating to the well bore and
geologic prospect fees of both wells and completion costs for one
well. The participation agreement is attached to this report as
Exhibit 99.2. The foregoing statement is not intended to be a
complete description of all terms and conditions.
On July
12, 2010, Imperial Oil entered into a participation agreement, area of mutual
interest (AMI) agreement and joint operating agreement (the “Husky Agreements”)
with Husky Ventures, Inc. (“Husky”) to acquire a 50% working interest and no
less than a 79.25% net revenue interest in a horizontal oil and gas drilling
project located in Kingfisher County, Oklahoma. Pursuant to the
participation agreement, Imperial Oil agreed to pay to Husky an amount of
$398,750 for the working interest plus Imperial Oil’s share of actual lease,
drilling and completion expenses estimated at $1,503,225. The
participation agreement is attached to this report as Exhibit
99.3. The foregoing statement is not intended to be a complete
description of all terms and conditions.
Section
9 – Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit
|
||
|
No.
|
Description
|
|
|
99.1
|
Letter
Agreement with HydroFX Holding, Ltd., dated June 28,
2010
|
|
|
99.2
|
Participation
Agreement with OKT Resources, LLC, dated July 1, 2010
|
|
|
99.3
|
Letter
Agreement with Husky Ventures, Inc., dated July 12,
2010
|
2
SIGNATURE
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 hereunto
duly authorized.
|
IMPERIAL
RESOURCES, INC.
|
||
|
Date:
July 16, 2010
|
By:
|
/s/
James Payyappilly
|
|
James
Payyappilly
Chief
Executive Officer,
President
and Director
|
||
3