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): August 7, 2015
NEW WESTERN ENERGY CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Commission File Number: 0-54343
| Nevada | 26-3640580 |
(State or Other Jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification No.) |
1140 Spectrum, Irvine, CA 92618
(Address of Principal Executive Offices, Including Zip Code)
(949) 435-0977
(Registrant's Telephone Number, Including Area Code)
(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:
| [_] | 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(17CFR240.14a-12) |
| [_] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b)) |
| [_] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c)) |
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Information included in this Form 8-K may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This information may involve known and unknown risks, uncertainties and other factors which may cause New Western Energy Corporation’s (“NWE”) actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe NWE’s future plans, strategies and expectations, are generally identifiable by use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that any projections or other expectations included in any forward-looking statements will come to pass. NWE’s actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. Except as required by applicable laws, NWE undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.
Section 7- Regulation FD
Item 7.01 Regulation FD Disclosure
On August 3, 2015, New Western Energy Corporation (“the Company”) issued a news release announcing the completion of the acquisition of oil and gas leases in the Avant Field, Osage County, Oklahoma with 17-Quarter Sections consisting of 2720 contiguous acres.
A copy of the news release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
This disclosure does not constitute an offer to sell, or the solicitation to buy, any such security.
Section 9- Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
| (c) | Exhibits. |
| 99.1 | News Release dated August 3, 2015. |
Signature(s)
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.
New Western Energy Corporation
| ||
| Date: August 7, 2015 | By: | /s/ Javan Khazali |
Javan Khazali President & Chief Executive Officer | ||
Exhibit Index
| Exhibit No. | Description | |
| 99.1 | News Release dated August 3, 2015. |
EXHIBIT 99.1
News Release dated August 3, 2015
New Western Energy Completes Acquisition Of Oil And Gas Leases In The Avant Field, Osage County, Oklahoma With 17-Quarter Sections Consisting Of 2720 Contiguous Acres.
IRVINE, Calif., August 3, 2015 (GLOBE NEWSWIRE) -- New Western Energy Corporation (OTCMARKETS: NWTR), an independent energy company engaged in the acquisition, exploration, development and production of oil and gas in North America, today announced it has completed the acquisition of oil and gas leases in the Avant Field, in Osage County, Oklahoma with 17-quarter sections consisting of 2720 contiguous acres.
“We are delighted to acquire this fertile and historically strong producing leasehold acreage,” said Javan Khazali, CEO of New Western Energy. Our initial work plan is to pump the existing producing wells and pull and repair wells we have targeted. During this preliminary production time our geology team will analysis the logs and structure maps as well as the production performance of the initial wells to determine the location of our first drilling program. “We plan to drill our first test wells to the Mississippi Lime formation, which we believe will be a major zone of production and which will give provide perspective on the upper formations. New Western remains committed to continue seeking and assessing oil and gas leases to acquire in Oklahoma,” he added.
The Avant Field is a strong Bartlesville production zone and has a proven section for water flood applications. The leasehold will also be developed for Mississippi production. The Burgess, Cleveland, and Simpson are also formations of interest. Much of the historical production on the leasehold has been in the Bartlesville formation with a 30bpd production level during the water flood operation. There still remain vast areas for development as well as a gas program that has been shut in for the past few years.
About New Western Energy Corporation
New Western Energy Corp. is an independent energy company engaged in the acquisition, development, production, and exploration of oil, gas and minerals primarily in North America. To learn more about the Company, visit: www.newwesternenergy.com.
Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated production. Actual results could differ from those projected in any forward-looking statements due to numerous factors including, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
CONTACT: Javan Khazali (949) 435-0977 info@newwesternenergy.com