-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BhXCBN3KdUNBYy4AweHUnZvtKezDYjymc6hL/AisBdF8WmePbi2uQvasNZ6igm5G Ozla820mP9iSIT7buScptw== 0001010549-08-000380.txt : 20080514 0001010549-08-000380.hdr.sgml : 20080514 20080514132200 ACCESSION NUMBER: 0001010549-08-000380 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080509 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080514 DATE AS OF CHANGE: 20080514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CabelTel International Corp CENTRAL INDEX KEY: 0000105744 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752399477 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08187 FILM NUMBER: 08830732 BUSINESS ADDRESS: STREET 1: 1755 WITTINGTON PLACE STREET 2: SUITE 340 CITY: DALLAS STATE: TX ZIP: 75234 BUSINESS PHONE: 9724078400 MAIL ADDRESS: STREET 1: 1755 WITTINGTON PLACE STREET 2: SUITE 340 CITY: DALLAS STATE: TX ZIP: 75234 FORMER COMPANY: FORMER CONFORMED NAME: GREENBRIAR CORP DATE OF NAME CHANGE: 19960514 FORMER COMPANY: FORMER CONFORMED NAME: MEDICAL RESOURCE COMPANIES OF AMERICA DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: WESPAC INVESTORS TRUST DATE OF NAME CHANGE: 19900605 8-K 1 cic8k051408.txt 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 Date of Report (Date of earliest event reported): May 9, 2008 ----------- CABELTEL INTERNATIONAL CORPORATION ---------------------------------- (Exact Name of Registrant as Specified in its Charter) Nevada 000-08187 75-2399477 (State or other (Commission (I.R.S. Employer jurisdiction of incorporation) File No.) Identification No.) 1755 Wittington Place, Suite 340 75234 Dallas, Texas (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 972-407-8400 ------------ 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 (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 2.01. Completion of Acquisition or Disposition of Assets On May 9, 2008, CabelTel International Corporation, a Nevada corporation (the "Company" or the "Issuer" or the "Registrant") sold certain mineral leasehold interest rights in the Fayetteville Shale area of Arkansas to XTO Energy, Inc., a Delaware corporation. In addition to selling leasehold interest at approximately 1,712 net acres of land, the Company also had exercised an option to acquire an additional 2,398 net acres of land and sold those interests to XTO Energy, Inc. as well. XTO Energy, Inc. is not affiliated with the Company other than in respect of the transaction. The sale resulted in the Company receiving cash of approximately $16,440,000 and recording an after tax gain of approximately $14,500,000. The Company intends to continue to pursue opportunities to acquire existing oil and gas operations and/or acquire mineral leasehold interest rights for the purpose of developing oil and gas operations. Section 9 - Financial Statements and Exhibits Item 9.01. Financial Statements and Exhibits (d) Exhibits. The following exhibit is furnished with this Report: Exhibit Designation Description of Exhibit 99.1* Press Release dated May 14, 2008 - --------------------- *Furnished herewith. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly-authorized. Dated: May 13, 2008 CABELTEL INTERNATIONAL CORPORATION By: /s/ Gene S. Bertcher ---------------------------------------- Gene S. Bertcher, President and Chief Financial Officer EX-99.1 2 cic8kex991051408.txt PRESS RELEASE CabelTEL International Corporation Exhibit 99.1 CABELTEL SELLS MINERAL INTERESTS For Immediate Release Contact: Oscar Smith Gene Bertcher (972) 407-8400 Dallas, Texas (Business Wire) May 14, 2008: CabelTel International Corporation (AMEX: GBR, "the Company"), a Dallas-based company announced today that on May 9, 2008 the Company sold certain mineral interest leasehold rights in the Fayetteville Shale area of Arkansas to an unrelated third party. In addition to selling approximately 1,712 acres the Company also exercised an option to acquire an additional 2,398 acres and sold those interests to the same party at the same time. The sale of these interests resulted in the Company receiving cash of approximately $16 million and recording an after tax gain of approximately $14.5 million. According to Gene S. Bertcher, President and Chief Executive Officer, "The Company intends to continue to pursue opportunities to acquire existing oil and gas operations and or acquire mineral leasehold rights for the purpose of developing oil and gas operations in the future." -----END PRIVACY-ENHANCED MESSAGE-----