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): November 13, 2006
DAYBREAK OIL AND GAS, INC.
(Exact Name of Registrant as Specified in its Charter)
Washington | 000-50107 | 91-0626366 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
601 W. Main Ave., Suite 1012 Spokane, WA |
| 99201 |
(Address of principal executive offices) |
| (Zip Code) |
Registrant's telephone number, including area code:(509) 232-7674
N/A
(Former Name or Former Address if Changed Since Last Report)
Check the appropriate box below if the Form 8K fining 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 (17CFR230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01 OTHER EVENTS
On November 13, 2006 Daybreak finalized the terms of a drilling agreement with Energy Drilling Company of Natchez, Mississippi. The contract valued at $1,261,500, is for the drilling of two wells. Both well locations to be drilled are in Louisiana. The first well is the Tensas Farms et al F No. 3 in Tensas Parish and the second is the Tensas Farms et al B No. 1 in Franklin Parish. These locations are part of the Tuscaloosa Sands Project area. Drilling of the first well is expected to commence in November of this year. The second well is scheduled for December, 2006.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
d) Exhibits:
99.1
Drilling agreement with Energy Drilling Company
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.
Daybreak Oil and Gas, Inc.
/s/ Terrence J. Dunne
By:_________________________________
Terrence J. Dunne, Chief Financial Officer
Date: November 16, 2006