AgEagle Aerial Systems Inc. — Capital/Financing Update 2012

Jul 13, 2012

8-K 1 v318494_8k.htm 8-K

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 10, 2012

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ENERJEX RESOURCES, INC.

(Exact Name of Registrant as specified in its charter)

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Nevada

(State or other jurisdiction of incorporation)

000-30234	88-0422242
(Commissioner File Number)	(IRS Employer Identification No.)

4040 Broadway, Suite 305, San Antonio, Texas 78209

(Address of principal executive offices)

(210) 451-5545

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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 of (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act of (17 CFR 240.13e-4(c))

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Item 8.01 Other Events

On July 10, 2012, we entered into transactions in which we hedged an additional 45,000 barrels of oil and replaced an existing oil hedge that consisted of 27,600 barrels of oil at a price of $62.20. This was completed pursuant to our fixed price swap agreement with BP Corporation North America, Inc. Following this transaction, our outstanding hedges were as follows:

Period of Time	Barrels Per Month	Average Oil Price
July - December 2012	5,600	$82.39
January - December 2013	4,900	$80.00
January - December 2014	4,450	$80.26
January - December 2015	4,000	$81.96

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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.

/s/ Robert G. Watson, Jr.
Robert G. Watson, Jr. Chief Executive Officer and
President

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