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EX-10.1 - AMERICAN PETRO-HUNTER INC | v182023_ex10-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM
8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
April 23,
2010
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Date of Report (Date of
earliest event reported)
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AMERICAN PETRO-HUNTER,
INC.
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(Exact name of registrant as
specified in its charter)
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Nevada
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0-22723
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98-0171619
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(State or other jurisdiction
of
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(Commission
File
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(IRS Employer
Identification
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||
incorporation)
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Number)
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No.)
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17470
North Pacesetter Way
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Scottsdale,
AZ 85255
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(480)
305-2052
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(Address and telephone number of
principal executive offices) (Zip Code)
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(Registrant’s telephone number,
including area code)
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Check the appropriate box below if the
Form 8-K 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 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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Item 1.01
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Entry into a Material Definitive
Agreement.
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On April
21, 2010, American Petro-Hunter, Inc. (the “Company”) entered into an
operating agreement (the “Agreement”) with Bay Petroleum Corp. (“Bay”) to
participate in the drilling for oil in Oklahoma (the
“Prospect”). Pursuant to the Agreement, the Company agreed to pay to
Bay $52,125 for all costs in connection with the acquisition and operation of
the Prospect up to the drilling of an initial test well in exchange for a 25%
working interest and 80% net revenue interest in the Prospect. The
Company is also responsible for 25% of all expenditures in connection with the
development and operation of the Prospect for drilling.
The
Agreement is attached to this report as Exhibit 10.1, and the terms and
conditions incorporated herein. The foregoing statement is not intended to be a
complete description of all terms and conditions.
Item
9.01
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Financial
Statements and Exhibits
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(d) Exhibits.
Exhibit
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No.
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Description
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10.1+
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Operating
Agreement with Bay Petroleum Corp. dated April 21,
2010
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+ Confidential treatment
requested as to certain portions.
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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.
AMERICAN
PETRO-HUNTER INC.,
a
Nevada Corporation
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Dated: April
23, 2010
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/s/ Robert B. McIntosh | ||
Robert B. McIntosh, Chief Executive Officer | |||
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