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): August 20, 2008
RIDGEWOOD ENERGY V FUND, LLC
(Exact name of registrant as specified on its charter)
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Delaware | 000-52583 | 20-5941122 |
(State of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
Registrant’s address and telephone number:
1314 King Street, Wilmington, Delaware 19801
(302) 888-7444
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2b)
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.06. Material Impairments
On August 20, 2008, Ridgewood Energy V Fund, LLC (the “Fund”) was informed by PetroQuest Energy, LLC, the operator, that the exploratory well being drilled on the Eugene Island 164 (“Ruby Project”) lease block did not have commercially productive quantities of either natural gas or oil and has been deemed an unsuccessful well or dry hole. The Fund owns an 8% working interest in the Ruby Project.
As a result of the dry hole, the Fund estimates that during the third quarter of 2008, the Fund will incur a $1.6 million charge. The Fund does not expect this dry hole to result in any significant additional expenditures.
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 hereto duly authorized.
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| RIDGEWOOD ENERGY V FUND, LLC | |
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Date: August 26, 2008 | By: | /s/ Kathleen P. McSherry |
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| Kathleen P. McSherry |
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| Executive Vice President and Chief Financial Officer |
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