Attached files
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)
January 28, 2019
AMAZING ENERGY OIL AND GAS,
CO.
(Exact name of registrant as specified in its
charter)
NEVADA
(State or other jurisdiction of incorporation)
000-52392
(Commission File No.)
5700 W. Plano Parkway
Suite 3600
Plano, Texas 75903
(Address of principal executive offices and Zip
Code)
(972) 233-1244
(Registrant’s telephone number, including area
code)
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):
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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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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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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Item 2.01
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Completion of Acquisition or Disposition of
Assets.
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Effective
January 28, 2019 Amazing Energy Oil & Gas, Co.
(“Amazing” or the “Company”) and Wyatt
Petroleum, LLC and Wyatt Permian, LLC (together
“Wyatt”) finalized the documentation memorializing the
acquisition of certain oil and gas leases by Amazing from Wyatt.
Pursuant to the Purchase and Sale Agreement, Amazing acquired
working interests in three (3) oil and gas leases identified in the
Assignment and Bill of Sale in exchange for a $100,000 cash payment
and the issuance of a seller carried note in the amount of one
million nine hundred thousand and/no 100 dollars ($1,900,000.00)
(the “Note”). The Note has a one-year maturity date and
interest shall accrue at seven percent (7%) per annum.
Pursuant
to the transaction, Amazing acquired a fifty-six percent (56%)
working interest in two (2) leases and a one-hundred percent (100%)
working interest in the third lease (collectively the
“Leases”). Devon Energy holds a thirty percent (30%)
working interest in 2 of the Leases.
Collectively
the Leases cover 16,904 gross and 10,501 net effective acres in Lea
County, New Mexico. All acreage is held by production and located
in the Permian Basin. Currently, 9 wells are operating on the
properties, producing approximately 104 boepd of oil per day.
Amazing will be the operator of the properties.
The
transaction also includes salt water disposal facilities and a
fractional working interest in Wyatt’s assets in Mississippi;
known as the Chateau Project. The Company plans to convert the salt
water disposal facilities for use with commercial disposal
capabilities.
The
funds used for the down payment were sourced from Amazing’s
operating capital. There are no material relationships between
Amazing and Wyatt.
ITEM 7.01 Regulation FD Disclosure
On
January 22, 2019 Amazing issued a press release entitled
“Amazing Energy Announces Transformational Acquisition of
Wyatt Energy’s New Mexico Permian Basin Assets.” A copy
of the press release is attached as Exhibit 99.1 and is
incorporated herein by reference. The information regarding the
press release in this Current Report on Form 8-K (including the
exhibit) is furnished pursuant to Item 7.01 and shall not be deemed
to be “filed” for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liabilities of that
section. This current Report on Form 8-K will not be deemed an
admission as to the materiality of any information in the Report
that is required to be disclosed solely by Regulation
FD.
Item 9.01 Financial Statements and Exhibits
The
Purchase and Sale Agreement, Assignment and Bill of Sale and Note
are included herewith Exhibits 10.1, 10.2 and 10.3
respectively.
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Exhibit No.
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Document Description
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2
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.
Dated
this 31st day of January,
2019.
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AMAZING ENERGY OIL AND GAS, CO.
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BY:
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/s/ Will McAndrew III
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Will
McAndrew III, CEO
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