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) July 18, 2005
ROCKY MOUNTAIN MINERALS, INC.
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(Exact name of registrant as specified in its charter)
Wyoming 0-9060 83-0221102
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2480 North Tolemac Way, Prescott, AZ 86305
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (928) 778-1450
Not Applicable
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(Former name or former address, if changed since last report.)
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))
Section 1 : Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
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As of July 18, 2005, Rocky Mountain Minerals, Inc. and its Exmouth Joint
Venture Partners, Octanex N.L. and Strata Resources N.L., have entered into an
Agreement with BHP Billiton Petroleum Pty Ltd ("BHP") and Apache Energy Limited
("Apache") for the sale of a 100% working interest in WA-329-P, a petroleum
exploration permit in the offshore Exmouth Sub-basin of Australia. The Permit
covers an area of approximately 177,000 acres.
The terms of the Agreement provide an initial $400,000 cash payment, a
deferred supplemental purchase price of $1,000,000 contingent upon the drilling
of a well or maintaining the property into Year 5 of the permit, whichever first
occurs, and the grant of an overriding royalty interest ranging from 2.75 to
3.75 percent with respect to any future production from the property.
The percentage interests in WA-329-P are: Rocky Mountain Minerals, Inc.
(25.0%), Octanex N.L. (37.5%) and Strata Resources N.L. (37.5%). Last year the
Exmouth Joint Venture sold to BHP a 100% working interest in exploration permit
WA-322-P, which is located to the immediate north of WA-329-P.
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.
ROCKY MOUNTAIN MINERALS, Inc.
Date: July 18, 2005
By: /s/ W. Ray Hill
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W. Ray Hill, President