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): January 20, 2009
RIDGEWOOD ENERGY V FUND, LLC
(Exact name of registrant as specified on its charter)
|
|
|
|
|
Delaware |
| 000-53178 |
| 20-5941122 |
(State of Incorporation) |
| (Commission |
| (I.R.S. Employer |
|
| File Number) |
| Identification No.) |
|
|
|
|
|
1314 King Street, Wilmington, Delaware |
| 19801 | ||
Registrant’s telephone number, including area code(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 January 20, 2009, Ridgewood Energy V Fund, LLC (the “Fund”) was informed by Apache Corporation, the operator, that the exploratory well being drilled on the South Timbalier 287 lease block did not have commercially productive quantities of either gas or oil and has been determined to be an unsuccessful well, or dry hole. The Fund owns a 4% working interest in the South Timbalier 287 lease block.
As a result of the dry hole, the Fund incurred approximately $3.9 million of charges during the fourth quarter of 2008, with total estimated dry-hole costs approximating $4.2 million. 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.
|
|
|
|
|
|
| RIDGEWOOD ENERGY V FUND, LLC |
|
|
|
|
Date: January 26, 2009 |
| By: | /s/ Kathleen P. McSherry |
|
|
| |
|
|
| Kathleen P. McSherry |
2
