Attached files
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EX-10.2 - WYATT ASSIGNMENT AND BILL OF SALE. - Amazing Energy Oil & Gas, Co. | exhibit_10-2.htm |
EX-10.1 - WYATT PURCHASE AND SALE AGREEMENT DATED OCTOBER 12, 2018. - Amazing Energy Oil & Gas, Co. | exhibit_10-1.htm |
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)
August 17, 2018
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.)
701 S Taylor Street
Suite 470, LB 113
Amarillo, Texas 79101
(Address of principal executive offices and Zip Code)
(855) 448-1922
(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
Completion
of Acquisition or Disposition of Assets.
On
October 17, 2018 Amazing Energy Oil & Gas, Co.
(“Amazing” or the “Company”) completed the
acquisition of certain oil and gas leases from Wyatt Petroleum, LLC
and Wyatt Permian, LLC (together “Wyatt”). Pursuant to
the Purchase and Sale Agreement, Amazing acquired the leases set
forth in the Assignment and Bill of Sale in exchange for a
one-time, all cash, payment of $500,000.00.
The
leases cover properties on which Wyatt had historically spent over
$18,000,000 in acquisitions cost, three-dimensional seismology,
title work, drilling, completing and logging wells, taking cores,
testing well flow of oil and gas, performing water ratio cuts and
other customary testing, as well as building a sweet gas
pipeline.
Additionally,
as a result of the acquisition of the leases, the Company obtained
the deep rights to 21,000 mostly contiguous acres in the Permian
Basin in Pecos County, Texas.
Because
of the acquisition Amazing now controls all drilling rights to all
depths in 61,000 acres, and an undivided mineral interest and
drilling rights to 3,000 feet on the Company’s additional
9,000 acres of leasehold interest.
There
are no material relationships between Amazing and
Wyatt.
Amazing
sourced of the funds to acquire the assets from Wyatt via a loan
from the Company’s Chairman of the Board of Directors, Tony
Alford.
The
Purchase and Sale Agreement and Assignment and Bill of Sale are
included herewith as 10.1 and 10.2 respectively.
Exhibit No.
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Document Description
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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 19th
day of October, 2018.
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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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