Royalite Petroleum CO Inc. - Current report filing (8-K)
20 Juni 2008 - 8:36PM
Edgar (US Regulatory)
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)
June 16,
2008
ROYALITE PETROLEUM COMPANY
INC.
(Exact name of registrant as specified in its
charter)
NEVADA
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000-26729
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88-0427619
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(State or other jurisdiction of
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(Commission File
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(IRS Employer Identification No.)
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incorporation)
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Number)
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1200 Nueces Street
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Austin, TX 78701
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78701
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(Address of principal executive
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(Zip Code)
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offices)
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Registrant's telephone number, including area code
(512)
478-8900
2580 Anthem Village Drive, Suite 112 Henderson, NV
89052
(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:
[ ] 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 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS;
ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
Effective June 16, 2008, William C. Tao resigned as a member of
the Board of Directors of Royalite Petroleum Company Inc. (the Company). Dr.
Tao resigned to pursue other business interests. There was no disagreement
between Dr. Tao and the Company regarding any matter relating to the Companys
operations, policies or practices. The complete text of Dr. Taos letter of
resignation is attached as an exhibit to this report.
The above disclosure is included in the Companys press release
dated June 16, 2008 attached as Exhibit 99.1 to this Current Report which is
incorporated by reference herein pursuant to General Instruction F of Form
8-K.
ITEM 7.01 REGULATION FD DISCLOSURE.
Working Interest in Louisiana oil and gas
leases
The Company also announced that it has acquired a 27.5% working
interest (19.8% net revenue interest) in oil and gas leases totaling 698.62
acres in the Westlake Boudreaux Field located in Terrebonne Parish, Louisiana
shallow state waters. The first well is expected to be drilled during the last
quarter of 2008. The well will be drilled to a depth of 13,900 feet to test the
Tex. W-1, Tex. W.B, and Tex W-2 sands which are productive in other wells in the
field.
The Company has paid $163,625 for its portion of the leasing,
geological and geophysical costs.
The well is projected to cost $6,453,300 to drill and complete
with the Companys portion estimated at $1,774,657.
Since this is located in a producing gas field a gas pipeline
connection is nearby. The well, if successful, can be connected within a few
days of completion.
The above disclosure is included in the Companys press release
dated June 17, 2008 attached as Exhibit 99.2 to this Current Report which is
incorporated by reference herein pursuant to General Instruction F of Form
8-K.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d)
Exhibits
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SIGNATURE
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.
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ROYALITE PETROLEUM COMPANY
INC.
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Date: June 19, 2008
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By:
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/s/
Logan B. Anderson
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LOGAN B. ANDERSON
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President, Secretary and Treasurer
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2
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