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| FORM 8-K |
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| CURRENT REPORT |
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| Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
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Date of report (Date of earliest event reported): June 21, 2016 | |||||||||||||||
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| SARATOGA RESOURCES, INC. |
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| (Exact name of registrant as specified in Charter) |
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| Texas |
| 0-27563 |
| 76-0314489 |
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| (State or other jurisdiction of incorporation or organization) |
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| 9225 Katy Freeway, Suite 100 Houston, Texas 77024 |
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| (Address of Principal Executive Offices)(Zip Code) |
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| 713-458-1560 |
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| (Former name or former address, if changed since last report) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01
Other Events.
On June 21, 2016, Saratoga Resources, Inc. issued a press release announcing that it had filed a Notice of Hearing on Approval of Adequacy of Disclosure Statement for Joint Chapter 11 Plan of Reorganization (the Notice of Hearing). The Notice of Hearing reflects the filing by Saratoga and its subsidiaries (the Debtors) of a Joint Chapter 11 Plan of Reorganization and Disclosure Statement, the scheduling of a hearing to consider the adequacy of the Disclosure Statement and the last day to object to the Disclosure Statement.
The press release also reflects the filing of a Motion for Relief From Bankruptcy Rule 2002(d) under which the Debtors seek relief from the requirement to provide notice to equity security holders of the time fixed for filing objections to and the hearing to consider approval of a disclosure statement, the time fixed for filing of objections to and the hearing to consider confirmation of a plan of reorganization and the time fixed to accept or reject a proposed modification of a plan.
Copies of the press release and Notice of Hearing are filed herewith as Exhibits 99.1 and 99.2. The press release and Notice of Hearing provide directions for parties desiring to obtain copies of the Disclosure Statement and Plan of Reorganization.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits
99.1
Press release, dated June 21, 2016
99.2
Notice of Hearing on Approval of Adequacy of Disclosure Statement for Joint Chapter 11 Plan of Reorganization
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.
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Dated: June 21, 2016 | By: | /s/ Andrew C. Clifford |
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| Andrew C. Clifford | ||
| President |
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Exhibit 99.1
For Immediate Release
Contacts:
Thomas Cooke, Chairman/Chief Executive Officer; Andrew Clifford, President - (713) 458-1560
Website:
www.saratogaresources.com
Saratoga Resources, Inc. Files Notice of Hearing on Approval of Adequacy of
Disclosure Statement for Joint Chapter 11 Plan of Reorganization
Houston, TX June 21, 2016 Saratoga Resources, Inc. (OTC Pink Market: SARAQ; the Company or Saratoga) today announced that it has filed a Notice of Hearing on Approval of Adequacy of Disclosure Statement for Joint Chapter 11 Plan of Reorganization (the Notice of Hearing).
As reflected in the Notice of Hearing, Saratoga, and its subsidiaries, on June 13, 2016, filed a Joint Chapter 11 Plan of Reorganization (the Plan) and a Disclosure Statement (the Disclosure Statement). By order dated June 15, 2016, a hearing for consideration of the adequacy of the Disclosure Statement has been scheduled for July 19, 2016 at 10:00 a.m. at the U.S. Bankruptcy Court, Western District of Louisiana, 214 Jefferson Street, Suite 100, Lafayette, Louisiana (the Bankruptcy Court) and July 12, 2016 has been set as the last day to file objections to the Disclosure Statement. The Plan and Disclosure Statement are on file and available for review at the Office of the Clerk of Court at the Bankruptcy Court at the above address and on the Courts website www.lawb.uscourts.gov. Copies of the Plan and Disclosure Statement are also available without cost at http://hellerdraper.com/harvest/ or upon written request from Heller, Draper, Patrick, Horn & Dabney, L.L.C., Attn: Cherie Nobles, 650 Poydras Street, Suite 2500, New Orleans, Louisiana 70130-6103, (504) 299-3300 or cnobles@hellerdraper.com.
Saratoga also filed a Motion for Relief from Bankruptcy Rule 2002(d) (the Motion for Relief) which seeks relief from the requirement of Bankruptcy Rule 2002(d) that a debtor provide notice to all equity security holders of, among other things, the time fixed for filing objections to and the hearing to consider approval of a disclosure statement, the time fixed for filing objections to and the hearing to consideration confirmation of a plan of reorganization and the time fixed to accept or reject a proposed modification of a plan.
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Exhibit 99.2
UNITED STATES BANKRUPTCY COURT
WESTERN DISTRICT OF LOUISIANA
LAFAYETTE DIVISION
IN RE | : | CASE NO. 15-50748 |
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HARVEST OIL & GAS, LLC, ET AL1 | : | CHAPTER 11 |
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DEBTORS. | : | JOINTLY ADMINISTERED |
NOTICE OF HEARING ON APPROVAL OF ADEQUACY OF DISCLOSURE
STATEMENT FOR JOINT CHAPTER 11 PLAN OF REORGANIZATION FOR
HARVEST OIL & GAS, LLC AND FILED AFFILIATES AS OF JUNE 13, 2016
PLEASE TAKE NOTICE that Harvest Oil and Gas, LLC, Saratoga Resources, Inc., The Harvest Group LLC, LOBO Operating, Inc. and LOBO Resources, Inc., the debtors and debtors-in-possession herein (collectively, the Debtors), filed that certain Disclosure Statement for Joint Chapter 11 Plan for Harvest Oil & Gas, LLC as of June 13, 2016 [P-995] (as it may be amended, the Disclosure Statement) and the Joint Chapter 11 Plan of Reorganization for Harvest Oil & Gas, LLC and Filed Affiliates as of June 13, 2016 [P-994] (as it may be amended, the "Plan"), on June 13, 2016, with the United States Bankruptcy Court for the Western District Louisiana. The Disclosure Statement and Plan are on file and available for review at the Office of the Clerk of Court of the United States Bankruptcy Court at the address set forth below or the Courts website www.lawb.uscourts.gov. A free copy may also be obtained at the following website http://hellerdraper.com/harvest/, or upon request to Debtors counsel as set forth below.
PURSUANT TO ORDER OF THE COURT, NOTICE IS HEREBY GIVEN THAT:
1.
A hearing to consider the approval of the adequacy of the Disclosure Statement will be held before the Honorable Judge Robert Summerhays, Bankruptcy Judge at:
UNITED STATES BANKRUPTCY COURT,
WESTERN DISTRICT OF LOUISIANA,
214 JEFFERSON STREET, SUITE 100
LAFAYETTE, LOUISIANA, 70501
JULY 19, 2016 AT 10:00 A.M
At the hearing, the Court will fix a time within which holders of claims and interests may accept or reject the Plan, and a date for the hearing on the confirmation of the Plan.
The hearing on the Disclosure Statement may be continued by announcement in open court or by posting notice thereof on the docket sheet outside the Courtroom, at the time of the hearing, with no further notice.
2.
JULY 12, 2016 is fixed as the last day for filing written objections to the Disclosure Statement and for serving the written objections in accordance with Bankruptcy Rule 3017(a).
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1 Saratoga Resources, Inc. (15-50749); The Harvest Group LLC (15-50750); LOBO Operating, Inc. (15-70751); and LOBO Resources, Inc. (15-50752)( collectively, the Filed Entities) are being jointly administered with Harvest Oil & Gas, LLC (15-50748) pursuant to a court order [Dkt. No. 4] entered on June 19, 2015.
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3.
Requests for copies of the Disclosure Statement and Plan shall be made to counsel for the Debtors: Cherie Nobles, Heller, Draper, Hayden, Patrick & Horn, L.L.C., 650 Poydras Street, Suite 2500, New Orleans, Louisiana 70130-6103.
4.
A copy of the Order and Notice for Hearing on Disclosure Statement and Fixing Time for Filing Objections to Approval of Disclosure Statement [P-1001] entered by the Bankruptcy Court is attached to this Notice.
New Orleans, Louisiana, this 20th day of June, 2016.
Respectfully submitted,
/s/ Cherie Dessauer Nobles
William H. Patrick, III (La. Bar No. 10359)
Tristan E. Manthey, (La. Bar No. 24539)
Cherie Dessauer Nobles, (La. Bar No. 30476)
Heller, Draper, Patrick, Horn & Dabney, L.L.C.
650 Poydras Street, Suite 2500
New Orleans, Louisiana 70130-6175
Telephone: 504-299-3300 // Fax: 504-299-3399
Co-Counsel for Debtors
And
KELLY HART & PITRE
Louis M. Phillips (#10505)
Peter A. Kopfinger (#20104)
One American Place
301 Main Street, Suite 1600
Baton Rouge, LA 70801-1916
Telephone: (225) 381-9643
Facsimile: (225) 336-9763
Email: louis.phillips@kellyhart.com
Email: peter.kopfinger@kellyhart.com
2
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