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): October 21, 2015

 

Maxwell Resources, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Nevada   333-173972   33-1219696
(State or Other Jurisdiction   (Commission File Number)    (IRS Employer Identification No.)  
of Incorporation)        

 

3131 McKinney Ave., Suite 600    
Dallas, TX   75204
(Address of Principal Executive Offices)    (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:

 

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 Items

 

On October 21, 2015, the Company issued a press release to announce that it has brought one of its gas wells online. 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 October 21, 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: October 22, 2015

 

  MAXWELL RESOURCES, INC.
   
  /s/ Mike Edwards
  By: Mike Edwards
  Title: President and Chief Executive Officer

 

 



 

Exhibit 99.1

 

MAXWELL RESOURCES BRINGS GAS WELL ONLINE

 

Well is flowing on schedule and above anticipated performance

 

DALLAS, TEXAS, October 21, 2015 (GLOBE NEWSWIRE) -- Maxwell Resources, Inc. (MAXE -- OTC Pink), an Oil and Gas company located in Dallas, TX, announced today that it has followed through on their commitment to bring first of 3 gas wells online. 

 

Construction of the rework project on SGG #1 well in Houston County, Texas began as forecasted on October 1st, 2015. With a coordinated effort of field personal, engineering consultants, and Maxwell Management team, the SGG gas well was connected to the gas buyer transmission line at noon on Tuesday October 13, 2015.

 

Upon uncapping the well, SGG #1 showed positive indications of being a very strong well. The initial pressure was extremely high while the crew worked around the clock to bring this pressure down to the levels required for connecting into the transmission pipeline. The team was successful and levels of flow are currently strong and sustainable.

 

“In the 24-hours prior to this release, the well flow resulted in sales of 883 mcf natural gas on a 12/64” choke at 1500 psi flowing tubing pressure. Today, the well is on a 16/24” choke 1350 psi flowing tubing pressure, resulting in an instantaneous sales rate of 782 mcf natural gas per day. While the final stabilized rate is unknown, the well is flowing into an 800 psi sales line without compression assistance. Our engineering consultants along with the Maxwell Resources team are excited by these initial findings and will continue to consistently monitor and adjust flow conditions in an effort to maximize the production and efficiency of the well.” Mike Edwards, Chief Executive Officer.

 

The Maxwell field personal has now relocated to the Temple #1 well to focus their efforts and attention to bring this well along with the Hinchen #2 online. Per the planned construction schedule, the additional 2 wells will be online by early November 2015.

 

Maxwell continues its relentless pursuit of success by locating and developing oil and gas properties to build shareholder value. 

 

About Maxwell Resources, Inc.

 

Maxwell Resources, Inc. is a publicly 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