Current Report Filing (8-k)
13 January 2016 - 10:04PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 12, 2016 (January 11, 2016)
EMERALD OIL, INC.
(Exact name of registrant as specified in its
charter)
Delaware |
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1-35097 |
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77-0639000 |
(State or other jurisdiction of
incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
200 Columbine Street, Suite 500
Denver, CO 80206
(Address of principal executive offices, including
zip code)
(303) 595-5600
(Registrant’s telephone number, including
area code)
(Former name or former address, if changed since
last report)
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)) |
| Item
2.01 | Completion
of Acquisition or Disposition of Assets. |
On January 11, 2015, Emerald Oil, Inc.
(the “Company”) and two of its wholly owned subsidiaries completed the previously announced transaction with Angelus
Private Equity Group (“Angelus”) pursuant to which Angelus acquired a portion of the Company’s undeveloped leaseholds
in Montana and North Dakota, consisting of approximately 9,750 net acres, as well as certain production from non-operated wells,
for approximately $9.75 million.
| Item 7.01. | Regulation FD Disclosure. |
On January 12, 2016, the Company issued a press
release titled “Emerald Oil Closes Sale of Certain Non-Operated Assets.” The press release is attached hereto as Exhibit
99.1 to this Current Report on Form 8-K.
The information included
in this Current Report on Form 8-K under Item 7.01 and Exhibit 99.1 is being furnished and shall not be deemed "filed"
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject
to liabilities of that Section, unless the registrant specifically states that the information is to be considered "filed"
under the Exchange Act or incorporates it by reference into a filing under the Exchange Act or the Securities Act of 1933, as amended.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
The following exhibits are filed in accordance with the provisions
of Item 601 of Regulation S-K:
Exhibit No. |
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Description |
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99.1 |
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Press Release of Emerald Oil, Inc., dated January 12, 2016 titled “Emerald Oil Closes Sale of Certain Non-Operated Assets.” |
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Company has duly caused this report on Form 8-K to be signed on its behalf by the undersigned
hereunto duly authorized.
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EMERALD OIL, INC. |
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Date: January 12, 2016 |
By: |
/s/ Ryan Smith |
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Ryan Smith |
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Chief Financial Officer |
EXHIBIT INDEX
Exhibit No. |
|
Description |
|
|
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99.1 |
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Press Release of Emerald Oil, Inc., dated January 12, 2016 titled “Emerald Oil Closes Sale of Certain Non-Operated Assets.” |
Exhibit 99.1
Emerald Oil Closes Sale of Certain Non-Operated
Assets
DENVER, CO –
January 12, 2016 --- On January 11, 2016, Emerald Oil, Inc. (the “Company”) and two of its wholly owned subsidiaries
closed the sale of a portion of the Company’s undeveloped leaseholds in Montana and North Dakota, consisting of approximately
9,750 net acres, as well as certain production from non-operated wells, for $9.75 million. The Company used all proceeds to repay
outstanding borrowings under the Company’s revolving credit facility.
About Emerald
Emerald is an independent exploration and production operator that
is focused on acquiring acreage and developing wells in the Williston Basin of North Dakota and Montana, targeting the Bakken
and Three Forks shale oil formations and Pronghorn sand oil formation. Emerald is based in Denver, Colorado. More information
about Emerald can be found at www.emeraldoil.com.
Corporate Contact:
Emerald Oil, Inc.
Mitch Ayer
Vice President - Finance & Investor Relations
(303) 595-5600
info@emeraldoil.com
www.emeraldoil.com