Victory Energy Corp - Amended Current report filing (8-K/A)
May 14 2008 - 4:28PM
Edgar (US Regulatory)
____________________________________________________
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K/A
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest reported):
May 12, 2008
VICTORY
ENERGY CORPORATION
(Exact
name of registrant as specified in its charter)
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NEVADA
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002-76219-NY
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87-0564472
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(State
or other jurisdiction of
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(Commission
File Number)
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(IRS
Employer
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incorporation
or organization)
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I.D.
Number)
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112
N Curry Street, Carson City, Nevada 89703-4934
(Address
of principal executive offices)
(866)
279-9257
(Registrant’s
telephone number)
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.)
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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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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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CF$
240.13e-4(c))
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Section
8 - Other Events
The
amendment is being filed to correct error as to the purchase price.
Victory
Energy acquired the ownership interest in six term assignments
for $1,430,000. These interests are now recorded
under the Corporations name in Crockett, County Texas. This recorded
interest of each term assignment is 50% of the 100% working interest and 50% of
the 74% net revenue interest. 26% of the interest is set aside for
royalty interest owners of each lease.
Funds for
the transaction were provided by a private institutional investment group in
exchange for a portion of Victory’s interest ownership in each term
assignment. Currently Victory maintains 15% of the interest ownership
until such time the revenues have paid back the original investment, then
Victory’s interest ownership will increase to 25%.
These
interests were recorded in the official records of Crockett County on May 12,
2008.
Section
9 - Financial Statements and Exhibits
Exhibit
99
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Term
Assignment of Oil and Gas Lease, recorded on May 12, 2008.
(1)
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(1)
Incorporated
by reference to Registrant's Form 8-K, filed on May 13, 2008, File
No.
002-76219-NY
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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Victory Energy
Corporation
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Dated:
May 14, 2008
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By:
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/s/
Jon
Fullenkamp
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Jon
Fullenkamp
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Chairman
and CEO
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