Attached files
| file | filename |
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| EX-10.1 - EX101 - DELTA OIL & GAS INC | ex101.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): August
3, 2010
Delta Oil & Gas,
Inc.
(Exact
name of registrant as specified in its charter)
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Colorado
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000-52001
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91-2102350
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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Suite 604 – 700 West Pender Street, Vancouver,
British Columbia, Canada V6C 1G8
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(Address
of principal executive offices including zip
code)
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Registrant’s
telephone number, including area code: 866-355-3644
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____________________________________________________
(Former
name or former address, if changed since last report)
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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:
|
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
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SECTION
9 – Other Events
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Item 8.01
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Other
Events.
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On July
1, 2010, Delta Oil & Gas, Inc. (the “Company”) entered into a Purchase and
Sale Agreement (the “Agreement”) with Petrex Energy Ltd. (“Petrex”) whereby
Petrex agreed to purchase the Company’s 5% working interest in certain leasehold
interests in southeast Saskatchewan, Canada referred to as the Wordsworth
Prospect (the “Wordsworth Prospect”) for $757,500 from the
Company. The Agreement closed on August 3, 2010.
As of
April 10, 2006, the Company owned a 7.5% working interest in Wordsworth
Prospect. On June 1, 2009, the Company disposed of 2.5% of its
working interest in the Wordsworth Prospect. As of the Closing Date,
the Company has disposed of its entire working interest in the Wordsworth
Prospect.
The
foregoing description of the Agreement does not purport to be complete and is
qualified in its entirety by reference to the Agreement, which is listed as
Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by
reference.
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Item
9.01
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Financial
Statements and Exhibits
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d) Exhibits.
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10.1
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Purchase
and Sale Agreement, dated as of July 1, 2010, between Delta Oil & Gas,
Inc. and Petrex Energy Ltd.
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- 2
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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 hereunto
duly authorized.
Date: August
9, 2010
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By:
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Delta
Oil & Gas, Inc.
/s/ Christopher
Paton-Gay
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Name:
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Christopher
Paton-Gay
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Title:
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Chief
Executive Officer
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- 3
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Exhibit
Index
The
following is a list of the Exhibits furnished herewith.
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Exhibit
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Number
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Description
of Exhibit
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10.1
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- 4
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