UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event report): March 20, 2014
Par Petroleum Corporation
(Exact name of registrant as specified in its charter)
| Delaware | 0-16203 | 84-1060803 | ||
| (State or other jurisdiction of incorporation |
(Commission File Number) |
(I.R.S. Employer Identification No.) | ||
| 800 Gessner Road, Suite 875 Houston, Texas |
77024 | |||
| (Address of principal executive offices) | (Zip Code) | |||
(281) 899-4800
(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 (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 7.01 Regulation FD Disclosure.
On March 20, 2014, Par Petroleum Corporation (the “Company”) issued a press release announcing the opening of its Canadian office. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
In accordance with General Instructions B.2 and B.6 of Form 8-K, the foregoing information, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall such information and Exhibit 99.1 be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits |
| 99.1 | Press release dated March 20, 2014. | |
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SIGNATURE
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.
| Par Petroleum Corporation | ||||||
| Dated: March 21, 2014 |
/s/ Brice Tarzwell | |||||
| Brice Tarzwell | ||||||
| Chief Legal Officer | ||||||
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Exhibit 99.1
PAR PETROLEUM CORPORATION ANNOUNCES OPENING OF CALGARY OFFICE
HOUSTON, TEXAS (Thursday, March 20, 2014). Texadian Energy Inc., a wholly owned subsidiary of Par Petroleum Corporation (OTCQB: PARR), announced today that it has reestablished its presence in Calgary, Alberta, and will be opening a new office in coming weeks to function as the headquarters of Texadian Energy Canada Limited (TECL). Herb Hamilton, a long-time industry veteran and previous President of TECL, will rejoin Texadian as President of TECL. In addition to Herb, Erin Jones, TECL’s previous Operations Manager will also rejoin TECL as Vice President.
“We are thrilled to have Herb and Erin back on the Texadian team and look forward to working with them to grow our Canadian business”, said Peter Coxon, Chief Operating Officer of Par Petroleum and President of Texadian Energy. “We continue to believe there are tremendous opportunities for Texadian in Canada. In addition, our refining business in Hawaii, Hawaii Independent Energy, will benefit from our increased ability to source Canadian crudes.”
“Erin and I are excited about the prospects for reopening Texadian’s Calgary office. Canada’s fast growing energy complex provides an exciting backdrop for growing our business here. We are also excited to be able to support PAR’s refining operations.”
TECL will focus on supply and logistics opportunities that move Canadian crudes to demand markets as well as investment in infrastructure.
Par Petroleum Corporation
Par Petroleum Corporation is a Houston-based company that manages and maintains interests in a variety of energy-related assets. Par is a growth company that looks for acquisitions with strong fundamentals and employees who can move the business forward.
Par, through its subsidiaries, owns and operates a 94,000 bpd refinery located in Hawaii on the island of Oahu. This refinery, together with substantial storage capacity, a 27-mile pipeline system, terminals, and retail outlets, provides a substantial portion of the energy demands of Hawaii.
Par’s largest oil and gas asset is its investment in Piceance Energy, LLC, which owns and operates natural gas reserves located in the Piceance Basin of Colorado.
Par also markets, transports and distributes crude oil and petroleum-based energy products. With significant logistics capability on key pipeline systems, a rail car fleet, and a fleet of chartered barge tows, Par believes it has a competitive advantage in moving crude oil efficiently from land locked locations in the Western U.S. and Canada to the refining hubs in the Midwest, the Gulf Coast, and the East Coast.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Although the company believes that in making such forward-looking statements its expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected. The company cannot assure you that the assumptions upon which these statements are based will prove to have been correct. Other important risk factors that may affect the company’s business, results of operations and financial position are discussed in our most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and other Securities and Exchange Commission filings.
Investor Relations Contact:
Stonegate Securities, Inc.
Preston Graham
preston@stonegateinc.com
214-987-4121