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): May 1, 2007 (April 23, 2007)
SAMOYED ENERGY CORP.
(Exact name of registrant as specified in its charter)
Nevada (State or other jurisdiction of incorporation) | 000-52390 (Commission File Number) | 98-0511932 (IRS Employer Identification No.) |
#2 – 136 Stonecreek Road, Canmore, Alberta T1W 3A5
(Address of principal executive offices) (Zip Code)
(403) 617-8786
Registrant’s telephone number, including area code
Not applicable
(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 2.01
Completion of Acquisition or Disposition of Assets
On April 23, 2007, Samoyed Energy Corp. (the “Company”) finalized negotiations with Stone Canyon Resources Inc. (the “Vendor”) to purchase the Vendor’s interest in certain producing oil and gas leases and certain oil and gas exploration leases in the Province of Alberta, Canada (the “Wilson Creek Assets”). On April 30, 2007, the Company and the Vendor executed a Purchase and Sale Agreement (the “Agreement”). Pursuant to the Agreement, on May 1, 2007, the Company purchased the Wilson Creek Assets from the Vendor for cash consideration of One Hundred and Fifty Thousand dollars ($150,000.00 US). The assets acquired are described below:
Title Documents | Lands | Vendor’s Interest |
Alberta Cr. P& NG Lease | Twp. 44, Rge. 4 W5M: | 3.125% Working Interest |
No. 0480110034 | Sec. 18 | |
Dated November 6, 1980 | All P&NG rights from the | |
Surface to the base of the Jurassic | ||
Alberta Cr. P&NG Lease | Twp. 44, Rge. 4 W5M: | 9.50% Working Interest |
No. 0494090860 | E½ Sec. 19 | |
Dated November 6, 1980 | All P&NG rights from the | |
Surface to the base of the | ||
Pekisko formation excluding | ||
Natural Gas rights to the | ||
Base of the Edmonton Group | ||
Twp. 44, Rge. 4 W5M: | 4.75% Pooled Interest | |
E½ Sec. 19 | ||
All Natural Gas rights to the | ||
Base of the Edmonton Group | ||
Alberta Cr. P&NG Lease | Twp. 44, Rge. 4 W5M: | 4.75% Pooled Interest |
No. 0400070135 | SW¼ Sec. 19 | |
Dated July 13, 2000 | All Natural Gas rights to the | |
Base of the Edmonton Group | ||
Alberta Cr. P&NG License | Twp. 44, Rge. 4 W5M: | 4.75% Pooled Interest |
No. 5403070306 | NW¼ Sec. 19 | |
Dated July 10, 2003 | All Natural Gas right to the | |
Base of the Edmonton Group | ||
Encumbrances | ||
Crown S/S Royalty | Royalty | |
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Wells | ||
Regent et al 102 Minhik 8-18-44-4 W5M | Shut-in Gas Well | 3.125% |
Regent et at Minhik 9-18-44-4 W5M | Potential Gas Well | 3.125% |
Regent et al Minhik 8-19-44-4 W5M | Producing Gas Well | 4.750% |
Item 9.01
Financial Statements and Exhibits
Regulation S-K Number | Document |
10.1 | Purchase and Sale Agreement dated as of April 30, 2007 by and between Samoyed Energy Corp. and Stone Canyon Resources Inc. |
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.
SAMOYED ENERGY CORP. | |
Date: May 1, 2007 | By: /s/ Christopher Yee Name: Christopher Yee Title: President and Director (Principal Executive Officer) |
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