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| REOS.OB > SEC Filings for REOS.OB > Form 8-K on 7-Dec-2007 | All Recent SEC Filings |
7-Dec-2007
Entry into a Material Definitive Agreement, Financial Statements and Exhibits
On December 4, 2007, ReoStar Energy Corporation entered into a Purchase and Sale Agreement with United Texas Petroleum, Inc, a Texas corporation ("UTP"). The agreement provides for the purchase by ReoStar Energy from UTP of its working interests in certain oil and gas wells located in the Barnett Shale trend in North Texas. As consideration, ReoStar Energy agreed to pay UTP $914,446 in cash for working interest in 27 wells. The effective date of the Agreement is August 1, 2007. The agreement contains customary representations and warranties by UTP regarding the purchased properties and its authority to effect the transaction.
(d) Exhibits.
10.01 Purchase and Sale Agreement by and between ReoStar Energy Corporation and United Texas Petroleum, Inc. dated December 4, 2007.
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