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
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Date of report (Date of earliest event reported)
July 13, 2004
VTEX Energy, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Nevada
(State or Other Jurisdiction of Incorporation)
000-22661 76-0582614
(Commission File Number) (IRS Employer Identification No.)
8303 Southwest Freeway, Suite 950
Houston, Texas 77074
(Address of Principal Executive Offices and Zip code)
(713) 773-3284
(Registrant's Telephone Number, Including Area Code)
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Item 5. Other Events.
VTEX Energy, Inc. ("VTEX") entered into an option with CLK Energy, Inc. ("CLK")
on July 13, 2004. Under the option, VTEX will purchase from CLK 50% of CLK's
interest in the Bayou Choctaw Field, located in the Iberville and West Baton
Rouge Parishes. Upon completion of the purchase, VTEX has agreed to reimburse
CLK for its acquisition costs, as adjusted for intervening operations, and will
deliver a commitment to fund future well workover and field development
drilling. Under the terms of the option, CLK will be issued warrants to purchase
500,000 shares of VTEX's common stock at an exercise price of $ 0.50 per share.
At the exercise of the option in August 2004, VTEX will further issue to CLK
benefit, warrants to purchase 1,500,000 shares of additional common stock in
VTEX at an exercise price of $ 0.50 per share. CLK has agreed to combine
operations, technical and executive staff within VTEX's expanded future
operations. In further consideration, VTEX will cause to be issued 10% of its
then fully diluted common shares to CLK. VTEX will expand its Board of Directors
to accommodate nomination of certain members of CLK's executive management.
Item 7. Financial Statements and Exhibits.
The following documents are filed as Exhibits to this report:
Exhibit 10.1: Letter Option Agreement, dated July 13, 2004 by and between VTEX
Energy, Inc. and CLK Energy, Inc.
Exhibit 99.1: Press Release dated July 15, 2004
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.
VTEX Energy, Inc.
Date: July 29, 2004 By: /S/ Stephen Noser
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Stephen Noser, President
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