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)
January 13, 2005
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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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 8.01 Other Events.
On January 13, 2005, VTEX Energy, Inc. (VTEX) reached a definitive
agreement on terms and conditions with a Houston based investment partner, ARCOA
Oil & Gas, Inc. (ARCOA), to acquire an interest in and provide funding for
completion of the development of VTEX's proven non producing properties
commencing with a three well workover program at VTEX's Bateman Lake property.
Consideration to VTEX will be up to $2.5 million with the ability to increase
the sales amount to $3 million under certain circumstances. The agreement
further provides ARCOA with a right of first refusal to participate in any
future venture to develop additional VTEX oil and gas properties, including its
Bateman Lake and Mustang Island properties. This transaction is subject to
completion of documentation and requisite approvals, if any.
Item 9.01 Financial Statements and Exhibits.
The following document is filed as an exhibit to this report:
Exhibit 10.1: Purchase and Sale Agreement Between VTEX Energy, Inc. as Assignor
and ARCOA Oil & Gas, Inc. as Assignee. Dated January 13, 2005.
SIGNATURE
In accordance with Section 12 of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
VTEX ENERGY, INC.
Date: January 13, 2005 By: /s/ Randal B. McDonald, Jr.
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Randal B. McDonald, Jr.
Chief Financial Officer
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