Attached files
file | filename |
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EX-10.1 - New Western Energy Corp | exhibit_10-1.pdf |
EX-10.1 - New Western Energy Corp | exhibit_10-1.htm |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION |
Washington D.C., 20549 |
Form 8-K/A
Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): November 9, 2011
NEW WESTERN ENERGY CORPORATION |
(Exact Name of Registrant as Specified in its Charter) |
Commission File Number: 0-54343
Nevada | 26-3640580 |
(State or Other Jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification No.) |
20 Truman, Suite 204 Irvine, CA 92620 |
(Address of Principal Executive Offices, Including Zip Code) |
(949) 435-0977 |
(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:
[_] | 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(17CFR240.14a-12) |
[_] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b)) |
[_] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c)) |
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Information included in this Form 8-K may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This information may involve known and unknown risks, uncertainties and other factors which may cause New Western Energy Corporation’s (“NWE”) actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe NEW’s future plans, strategies and expectations, are generally identifiable by use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that any projections or other expectations included in any forward-looking statements will come to pass. NEW’s actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. Except as required by applicable laws, NWE undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.
Section 1-Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On November 8, 2011, the Registrant entered into a Joint Venture Contract and Operating Agreement (the “Agreement”) with PEMCO, LLC, a non-affiliated third party, to oversee the Registrant’s operations at its Glass Lease. Registrant owns a 75 percent net working interest in the Glass Lease, which includes approximately 80 acres and a fourteen well re-work project, in Rogers County, Oklahoma.
Registrant has agreed to pay its pro rata share (based on percentage ownership) of the expenses of operation and maintenance of the wells in addition to the same pro rata share of any work-over operation required for the wells, such as service or replacement parts, as needed.
A complete copy of the Agreement is attached hereto and made a part hereof, as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(c) | Exhibits. | |
10.1 Joint Venture Contract and Operating Agreement dated November 8, 2011, between the Registrant and PEMCO, LLC. |
Signature(s)
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.
New Western Energy Corporation
| ||
Date: December 12, 2011 | By: | /s/ Javan Khazali |
Javan Khazali President & Chief Executive Officer |
Exhibit Index
Exhibit No. | Description |
10.1 | Joint Venture Contract and Operating Agreement dated November 8, 2011, between the Registrant and PEMCO, LLC. |