-----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, F4WFHZjwR/uc9cqvUDO9WZAV+zbZtUQdrK3/Bcyz2RnaXPkEJ7+DrSxNL4BBxZmP 0LqXhwvBR4/3eawYAbfFZA== 0001038838-06-000754.txt : 20060920 0001038838-06-000754.hdr.sgml : 20060920 20060920145130 ACCESSION NUMBER: 0001038838-06-000754 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060914 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060920 DATE AS OF CHANGE: 20060920 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MID POWER SERVICE CORP CENTRAL INDEX KEY: 0000725395 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 880478633 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-85602-D FILM NUMBER: 061100011 BUSINESS ADDRESS: STREET 1: 8290 WEST SAHARA AVENUE SUITE 186 CITY: LAS VEGAS STATE: NV ZIP: 89117 BUSINESS PHONE: 702-838-0716 MAIL ADDRESS: STREET 1: 8290 WEST SAHARA AVENUE SUITE 186 CITY: LAS VEGAS STATE: NV ZIP: 89117 FORMER COMPANY: FORMER CONFORMED NAME: CAPLAN CORP DATE OF NAME CHANGE: 19920703 8-K 1 form8k091406.txt FORM 8-K DATED SEPTEMBER 14, 2006 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): September 14, 2006 MID-POWER SERVICE CORPORATION ----------------------------------------------------- (Exact name of registrant as specified in its charter) Nevada 2-85602-D 88-0478633 - ------------------------------- ------------ ------------------- (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 8290 West Sahara Avenue, Suite 186 Las Vegas, NV 89117 ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) 702-838-0716 ---------------------------------------------------- (Registrant's telephone number, including area code) N/A ------------------------------------------------------------- (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 (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 September 14, 2006, Mid-Power Service Corporation completed the sale of its Clear Creek Unit to Marion Energy Limited. Marion had been working in Mid-Power's Clear Creek Unit under a farm-out agreement since February 2005; other than the relationship created by the farmout agreement, Marion is an unrelated third party. Mid-Power has retained a 12.5% net profits interest in the Clear Creek Unit. In consideration for the sale of the Clear Creek Unit, Marion paid to Mid-Power $1.0 million at closing, 13,100,000 shares of Marion's stock, which is traded on the Australian Stock Exchange, or ASX, and options to purchase an additional 5,000,000 shares of Marion's stock with an exercise price of AU$0.40 per share. The agreement provides for Mid-Power to receive options to purchase up to an additional 8,000,000 shares of Marion's stock at AU$0.80 per share in the event Marion discovers certain threshold levels of proved and probable hydrocarbon reserves. On the closing date, the closing price for Marion's ordinary shares on the ASX was AU$0.84 per share. ITEM 9.01--FINANCIAL STATEMENTS AND EXHIBITS The following is filed as an exhibit to this report: Exhibit Number Title of Document Location - -------------- --------------------------------------------------- ------------- 10 Material Contracts - -------------- --------------------------------------------------- ------------- 10.22 Termination Agreement between Mid-Power Resource To be filed. Corporation and Marion Energy, Inc. 10.23 Asset Purchase Agreement between and among To be filed. Mid-Power Resource Corporation and Marion Energy, Inc. and Marion Energy Limited 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. MID-POWER SERVICE CORPORATION Date: September 20, 2006 By /s/ James W. Scott ------------------------- James W. Scott Its President 2 -----END PRIVACY-ENHANCED MESSAGE-----