-----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, TJ3QWpzaz6LzBYSfzHh/+3/PHfzpvEE60AW9eJfl6vAFyYr2enFYRv+CE9Qqwvg7 b3lEieMbvGEYy7lQUTUAAw== 0001193125-09-017585.txt : 20090203 0001193125-09-017585.hdr.sgml : 20090203 20090203162151 ACCESSION NUMBER: 0001193125-09-017585 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090128 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20090203 DATE AS OF CHANGE: 20090203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Baseline Oil & Gas Corp. CENTRAL INDEX KEY: 0001291983 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 300226902 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51888 FILM NUMBER: 09565241 BUSINESS ADDRESS: STREET 1: 16161 COLLEGE OAK, SUITE 101 CITY: SAN ANTONIO STATE: TX ZIP: 78249 BUSINESS PHONE: 210-408-6019 EXT 2 MAIL ADDRESS: STREET 1: 16161 COLLEGE OAK, SUITE 101 CITY: SAN ANTONIO STATE: TX ZIP: 78249 FORMER COMPANY: FORMER CONFORMED NAME: College Oak Investments, Inc. DATE OF NAME CHANGE: 20040527 8-K 1 d8k.htm FORM 8-K Form 8-K

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 of 1934

Date of Report (date of earliest event reported): January 28, 2009

BASELINE OIL & GAS CORP.

(Exact Name of Registrant as Specified in its Charter)

 

Nevada

    333-116890   

30-0226902

State of

    Commission   

IRS Employer

Incorporation

    File Number   

I.D. Number

411 North Sam Houston Parkway East, Suite 300, Houston, Texas 77060

Address of principal executive offices

Registrant’s telephone number: (281) 591-6100

 

 

                                                                                                               

(Former Name or Former Address, if Changed Since Last Report)

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 (see General Instruction A.2. below):

 

¨ 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 1.02 Termination of a Material Definitive Agreement.

On January 30, 2009, Baseline Oil & Gas Corp. (“we” or the “Company”) fully repaid all of our obligations (approximately $3.6 million) under our Credit Agreement dated October 1, 2007 (the “Credit Agreement”), by and among the Company, the lenders party thereto, and Wells Fargo Foothill, Inc., as arranger and administrative agent (the “Agent”). As a result, the Credit Agreement was terminated and the Agent released its liens on all of our properties and assets. We obtained the proceeds to discharge our obligations under the Credit Facility by liquidating all our oil and natural gas hedges on January 28, 2009, resulting in net proceeds to us of approximately $4.5 million.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: February 3, 2009

   Baseline Oil & Gas Corp.
  By:   /s/ Patrick H. McGarey                                    
    Name: Patrick H. McGarey
    Title: Chief Financial Officer
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