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): May 1, 2007
BASELINE OIL & GAS CORP.
(Name of registrant as specified in its charter)
Nevada 1311 30-0226902
(State or Jurisdiction (primary standard (IRS Employer
of Incorporation industrial classification Identification No.)
or Organization) code number)
11811 N. Freeway (I-45), Suite 200
Houston, Texas 77060
(Address and telephone number of registrant's
principal executive offices and place of business)
Registrant's telephone number: (281) 445-5880
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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))
Item 8.01 Other Events
On July 18, 2007, Baseline Oil & Gas Corp. (the "Company") announced its
participation in the drilling of seven wells, as well as an operational update
for the first half of 2007, at its New Albany Shale property in Indiana and its
north Texas producing property acquired on April 12, 2007. The Company holds a
non-operated average working interest of approximately 18.7% in 171,000 gross
acres in southern Indiana and operates and owns a 100% working interest in the
north Texas Eliasville Field, located in Stephens County.
A copy of the Company's press release dated July 18, 2007 is attached
hereto and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
Exhibit Name of Document
------- ----------------
Exhibit 99.1 Form of press release, dated July 18, 2007, providing
operational update.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: July 18, 2007 BASELINE OIL & GAS CORP.
By: /s/ Thomas Kaetzer
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Name: Thomas Kaetzer
Title: Chief Executive Officer
2
Exhibit Index
Exhibit Name of Document
- ------- ----------------
Exhibit 99.1 Form of press release, dated July 18, 2007, providing
operational update.