Item 8.01. Other Events.
On December 12, 2008, GreenHunter Energy Inc., a Delaware corporation, and Aspire Oil Services Limited, a company organized under the laws of Scotland, agreed to extend the closing date under that certain Securities Purchase Agreement, ("SPA") dated October 28, 2008, between Aspire Oil Services Limited and GreenHunter Energy, Inc. until January 23, 2009. The SPA relates to the acquisition by GreenHunter Energy, Inc. of 100% of the outstanding membership interests of L&L Holdings (Louisiana), LLC, a Delaware limited liability company, for a total cash consideration of approximately $27.5 million. GreenHunter Energy, Inc. has received a number of different financing proposals from different institutions specifically related to this pending acquisition. The parties agreed that the effective date of the closing shall be December 31, 2008.

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