UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
placeCityWashington, StateD.C. PostalCode20549
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): June 6, 2014
DIVERSIFIED RESOURCES. INC.
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(Exact name of registrant as specified in its charter)
Nevada None 98-0687026
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
1789 W.Littleton Blvd.
Littleton. CO 80120
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (303) 797-5417
N/A
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(Former name or former address if changed since last report)
Check 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-14(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On June 6, 2014, the Company entered into an agreement with an independent
oil and gas company to acquire oil and gas properties consisting of:
o 48 producing oil and gas wells, all of which will be operated by the
Company after closing,
o leases covering approximately 10,400 gross and net acres, and
o miscellaneous equipment.
If the acquisition is completed, the Company will have:
o an average working interest of approximately 100% (80% net revenue
interest) in the 48 producing wells, and
o an average 100% working interest (80% net revenue interest) in the oil
and gas leases.
The oil and gas properties are located in the Horseshoe-Gallup field in
placeCitySan Juan County, StateNew Mexico.
The purchase price for the oil and gas properties, subject to ordinary
closing adjustments, will be payable in cash of $6,000,000 and 900,000 in
restricted shares of the Company's common stock.
The closing of the transaction is subject to the completion of title
reviews by the Company and other conditions which are normal for a transaction
of this nature.
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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.
Date: June 6, 2014
DIVERSIFIED RESOURCES, INC.
By: /s/ Paul Laird
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Paul Laird, Chief Executive Officer