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 1, 2010)
Gulf United Energy, Inc.
(Exact name of registrant as specified in its charter)
| Nevada | 000-52322 | 20-5893642 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
P.O. Box 22165
Houston, Texas 77227-2165
(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code: (713) 942-6575
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 CFR240.14d-2(b))
[_] Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) Item 2.01. Completion of Acquisition or Disposition of Assets
On September 23, 2010, Gulf United Energy, Inc. entered into a stock purchase agreement with Cia. Mexicana de Gas Natural, S.A. de C.V., Manuel Calvillo Alvarez, and Fernando Calvillo Alvarez (“Stock Purchase Agreement”). The closing of the Stock Purchase Agreement occurred on November 1, 2010. Pursuant to the Stock Purchase Agreement, the Company sold all of its ownership interest in Fermaca LNG de Cancun, S.A. de C.V. and Fermaca Gas de Cancun, S.A. de C.V., entities that are engaged in a proposed natural gas pipeline and LNG storage and regasification facility to be located in Mexico in exchange for $1 million, of which $200,000 has been paid to date and the balance of $800,000 will be paid incrementally over the next 15 months.
The information provided in this Item 2.01 shall not be deemed “filed” for purposes of the Securities Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by the specific reference in such filing.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
The following exhibits are to be filed as part of this 8-K:
| EXHIBIT NO. | IDENTIFICATION OF EXHIBIT |
| | |
| 10.1 | Stock Purchase Agreement(1) |
| | |
(1) The Company undertakes to file with the Commission any exhibit upon request.
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 thereunto duly authorized.
Date: November 5, 2010
| | GULF UNITED ENERGY, INC. |
| | |
| | By: | /S/ JOHN B. CONNALLY III |
| | | John B. Connally III, Chief Executive Officer |
