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): August 12, 2015
Maxwell Resources, Inc.
(Exact Name of Registrant as Specified
in Charter)
Nevada |
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333-173972 |
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33-1219696 |
(State or Other Jurisdiction |
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(Commission File Number) |
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(IRS Employer Identification No.) |
of Incorporation) |
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3131 McKinney Ave., Suite 600 |
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Dallas, TX |
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75204 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant's telephone number, including
area code: (214) 643-6040
(Former name or former address,
if changed since last report)
Copies to:
Marc J. Ross, Esq.
Marcelle S. Balcombe, Esq.
Sichenzia Ross Friedman Ference LLP
61 Broadway, 32nd Floor
New York, New York 10006
Phone: (212) 930-9700
Fax: (212) 930-9725
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c) |
On August 12, 2015,
the Company issued a press release to provide a business update on realizing oil and gas future. A copy of the
Company’s press release is furnished hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| 99.1 | Press Release issued August 12, 2015 |
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.
Dated: August 14, 2015
MAXWELL RESOURCES, INC. |
/s/ Mike Edwards |
By: Mike Edwards
Title: President and Chief Executive Officer |
Exhibit 99.1
MAXWELL RESOURCES
MANAGEMENT PROVIDES BUSINESS UPDATE ON REALIZING
OIL AND GAS FUTURE
Company acquires oil and gas assets.
Dallas, Texas August 13,
2015 – Maxwell Resources, Inc. (MAXE – OTC Pink) an Oil and Gas company located in Dallas, TX, in its efforts to demonstrate
its commitment to stakeholder trust, led by its Chief Executive Officer, Mike Edwards, provides business update
in its efforts to provide shareholders with information on the company’s progress and achievements.
“I am delighted
and eager to update our stakeholders on the progress we have made over the last seven months. Today is only a beginning and we
see a bright future ahead for Maxwell Resources.” - Mike Edwards, Chief Executive Officer
Today
the new management is proud to release its first of many exciting company benchmark accomplishments measured against the short-term
and long-term plans built to execute the company’s strategic objectives.
First and Second
quarter 2015 Corporate achievements:
· Established
a clear direction to become a sustainable oil and gas company by presenting a focused business plan and establishing the strategic
objectives required to achieve the goals set forth in the business plan.
·
Reduced a portion of the Company’s debt, welcomed new investors and acquired various assets with revenue
producing capability.
· Enlisted
and engaged outside industry professionals within the legal, engineering, accounting, and auditing disciplines to assist in taking
the company in the next several months through, the transition, including, updating financials and appropriate regulatory filings
· Secured
successful release from the Sun River derivative lawsuit, in which Maxwell was named.
· Positioned the
company for current and future scalability through the establishment of a corporate infrastructure including establishing an office
and strategic plans and procedures, to capitalize on the identified strengths within the organization.
· With
the return of the shares issued to Sun River in July 2012, the Company’s issued and outstanding shares were reduced to 38,803,763.
Asset and Development achievements:
·
Adding to our previously acquired five year hard mineral rights lease we have acquired multiple Proved Developed Properties
in East Texas. Temple #1 and SGG #1. (refer to August 2015 8k) Based on the written results of the Company’s
recent Independent Reserve Report by a Registered Professional Petroleum Engineer these wells represent 859 Million Cubic
Feet of Proved Developed Natural Gas and are valued at $1.767 Million.
The
two wells in the prolific East Texas Basin were acquired following careful evaluation and scrutiny. Both wells have
formerly produced and are presently shut-in are connected to pipelines and have completed infrastructure in place. The company is
immediately returning the wells to production. Cotton Valley, Travis Peak, Woodbine, Eagle Ford Shale, Buda Limestone and
Austin Chalk are the additional zones that will be exploited in the acquired wells. Wells in the area are historically
profitable as they initially produce natural gas and have demonstrated lifespans of over 50 years. Maxwell is now completing the
final financial and engineering plans to uncap these wells, returning them to flow gas and further evaluate the additional zones.
· Adhering
to the strategic plan, due diligence is underway on multiple other prospective oil and gas projects. While Maxwell seeks it’s ‘centerpiece’
project with large acreage and vast opportunities for both Gas and Oil exploration and production, current prospects under evaluation
range from medium to large size production results based on the initial findings.
Maxwell Resources,
as demonstrated in the early achievements under its new leadership, maintains the foundational commitment to follow the detailed
business plan to realize the company’s strategic objectives. By applying expertise, and a commitment to succeed, leadership
is confident in its ability to develop a sustainable future in the oil and gas sector.
“My
absolute belief that delivering value to our shareholders is paramount; therefore, we continue our relentless
pursuit of success by locating and developing oil and gas projects that fit our metrics. We believe our future is bright
and is clearly in progress in a powerful way." - Mike Edwards, Chief Executive Officer
About Maxwell Resources, Inc.
Maxwell Resources, Inc. is a publically
traded oil and gas company located in Dallas, Texas. Maxwell is focused on locating, acquiring, and developing low risk, high return
potential oil and gas projects in East Texas, South Texas and is prospecting in the Raton Basin Area of North Eastern New Mexico,
where Maxwell currently owns a 5 – year hard mineral lease.
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our
current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated
events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our
control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements.
Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results
and financial condition to differ materially from those indicated in the forward-looking statements. Any forward-looking statement
made by us in this press release is based only on information currently available to us and speaks only as of the date on which
it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made
from time to time, whether as a result of new information, future developments or otherwise.
Contact:
Mike Edwards
CEO
medwards@maxwellre.com
www.maxwellre.com