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EOX > SEC Filings for EOX > Form 8-K on 13-Aug-2013All Recent SEC Filings

Show all filings for EMERALD OIL, INC.

Form 8-K for EMERALD OIL, INC.


Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement

On August 9, 2013, Emerald Oil, Inc. (the "Company") entered into a Borrowing Base Letter Agreement with Wells Fargo Bank, National Association, increasing the Company's borrowing base amount under the Company's existing credit facility from $27,500,000 to $75,000,000 as part of the regularly scheduled semi-annual redetermination process. Such redetermined borrowing base shall remain in effect until the earlier of (i) the next scheduled redetermination date or (ii) the date the borrowing base is otherwise adjusted pursuant to the terms of the credit facility. The other terms of the credit facility remained unchanged and are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2012. The Company had zero outstanding under its credit facility, and therefore full availability, as of August 9, 2013.

The foregoing description of the Borrowing Base Letter Agreement is a summary only and is qualified in its entirety by reference to the complete text of the Borrowing Base Letter Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are filed in accordance with the provisions of Item 601 of Regulation S-K:

Exhibit Exhibit Description

10.1 Borrowing Base Letter Agreement between Emerald Oil, Inc. and Wells Fargo, National Association, dated August 9, 2013.

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