gulfonshore8k103108.htm
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 31,
2008
Gulf
Onshore, Inc.
(Exact
name of registrant as specified in its charter)
Nevada
(State or
other jurisdiction of incorporation or organization)
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01-28911
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91-1869677
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(Commission
File Number)
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(IRS
Employer Identification Number)
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4310 Wiley Post Rd., Ste.
201, Addison, Texas 75001
Address
of principal executive offices)
972-672-5411
(Registrant’s
telephone number, including area code)
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))
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Item
1.02 Termination of Material Definitive Agreement.
Termination
of Roboco Agreement
The Company determined that it would
not close its agreement with Roboco Energy, Inc. for the acquisition of oil and
gas leasehold interests in Anderson Co., Texas. Review of the
underlying leases revealed that the primary period for certain of the desirable
properties was insufficient to permit the Company to complete drilling
activities. In addition, current market conditions and the Company’s
finances make further expansion and drilling activities
questionable.
Item
2.01 Completion of Acquisition or Disposition of Assets.
Disposition
of Subsidiary and Assets
On October 22, 2008, the Company and
South Beach Live, Inc. entered into an Accord and Satisfaction as to Gulf
Onshore, Inc. Under the terms of the Agreement, South Beach released
the Company from any further obligation under the parties’ $250,000 Promissory
Note in exchange for an assignment of the Company’s interest in a (currently)
non-producing oil well, the Putnam M, located in Throckmorton Co., Texas, and a
surrender of any claim to shares of Curado Energy Resources, Inc., the Company’s
wholly-owned subsidiary, currently held by South Beach under a Security
Agreement. The Company is advised that South Beach has exercised its
rights to these shares and requested re-registration thereof.
SIGNATURES
Pursuant
to the requirements of the Securities and 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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October
31, 2008
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Gulf
Onshore, Inc.
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/s/
Jeffrey
Joyce
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Jeffrey
Joyce, President
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