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) September 18, 2007
ROCKY MOUNTAIN MINERALS, INC.
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(Exact Name of Registrant as Specified in Charter)
Wyoming 0-9060 83-0221102
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
2480 North Tolemac Way, Prescott, Arizona 86305
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (928) 778 1450
(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))
Item 8.01 Other Events
Rocky Mountain Minerals, Inc. ("RMMI" and "the Company") advises that on
September 17, 2007, BHP Billiton ("BHPB") and Apache Energy (Apache) gave notice
of their intention to surrender petroleum Exploration Permits WA-322-P and
WA-329-P located in the Exmouth Basin offshore from Western Australia. RMMI
previously held a 25% interest in these permits before their sale to BHPB and
Apache.
As per Article 6.3 (a) of the WA-322-P Sale and Purchase Agreement made between
RMMI and its joint venturers with BHPB, dated May 21, 2004, RMMI and its joint
venturers have 15 days from the date of this notice to make an election to BHPB
as to whether they or any of them wish to accept a reassignment of equity or
allow the surrender by BHPB to proceed.
As per Article 6.2 (a) of the WA-329-P Sale and Purchase Agreement made between
RMMI and its joint venturers with BHPB and Apache, dated July 8, 2005, RMMI and
its joint venturers have 15 days from the date of this notice to make an
election to BHPB and Apache as to whether they or any of them wish to accept a
reassignment of equity or allow the surrender by BHPB/Apache to proceed.
The Company will report within this 15 day period whether we will either take a
re-assignment of our share of the interest or allow the surrender to continue.
We will consult with our joint venture partners and make an assessment in
relation to remaining prospectivity and the nature, timing and cost of future
exploration programs. Independently of any re-assignment, with the receipt of
these notices from BHPB and Apache, the Company's right to a share of the
potential deferred cash payment and any share of the contingent overriding
royalty are now at an end with respect to each permit.
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: September 18, 2007 By: /s/ M.A. Muzzin
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M.A. Muzzin
President