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): October 20, 2009
South Texas Oil
Company
(Exact
name of Registrant as specified in its charter)
|
Nevada
(State
or other jurisdiction of
incorporation
or organization)
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001-33777
Commission
File
Number
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74-2949620
(I.R.S.
Employer
Identification
No.)
|
|
300
East Sonterra Boulevard
Suite
1220
San
Antonio,
Texas
(Address
of principal executive offices)
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78258
(Zip
Code)
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Registrant’s
telephone number, including area code: (210)
545-5994
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___________________________________________________
(Former
name, former address and former fiscal year, 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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
8.01.
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Other
Matters
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As we
disclosed in our Form 8-K filed September 11, 2009, on that date, certain
creditors of STO Operating Company (“STO”), a wholly owned subsidiary of the
Company, filed an involuntary petition in the United States Bankruptcy Court,
Western District of Texas, sitting in Austin, Texas, pursuant to Chapter 7 of
Title 11 of the United States Code. STO was served with the
involuntary petition summons on September 30, 2009.
The
Company and STO retained bankruptcy counsel to represent them in the involuntary
bankruptcy proceeding and in any other bankruptcy proceedings that the Company
and its subsidiaries may voluntarily commence. On October 20, 2009,
STO filed its response to the involuntary petition and moved for a transfer of
venue from the United States Bankruptcy Court, Western District of Texas,
sitting in Austin, Texas, to the United States Bankruptcy Court, Western
District of Texas, sitting in San Antonio, Texas, where the Company and its
subsidiaries are located.
In its
response to the involuntary petition, STO asserted that, while it admittedly is
experiencing cash flow issues, it is currently operating its business and is in
control of its assets. STO further asserted that a Chapter 7
liquidation is not appropriate nor in the best interests of its
creditors.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this Current Report on Form 8-K to be signed on its behalf by the
undersigned hereunto duly authorized.
Date:
October 22, 2009
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South
Texas Oil Company
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By:
/s/ Michael J. Pawelek
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Michael
J. Pawelek, Chief Executive Officer
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