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 25, 2005
ALTEX INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-09030 84-0989164
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
PO Box 1057, Breckenridge, Colorado 80424-1057
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 265-9312
Check the appropriate box below if the Form 8K 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
[_] Soliciting material pursuant to Rule 14a12 under the Exchange Act
[_] Pre-commencement communications pursuant to Rule 14d2(b) under the
Exchange Act
[_] Pre-commencement communications pursuant to Rule 13e4(c) under the
Exchange Act
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On October 25, 2005, Altex Oil Corporation, a wholly-owned subsidiary of
Registrant ("AOC"), delivered an Assignment, Bill of Sale, and Conveyance (the
"Assignment") by which AOC conveyed to Powder River Coal Company its interests
in (1) certain oil and gas leases together with all the property and rights
appurtenant or incident thereto, (2) three associated producing oil and gas
wells, together with all personal property, well equipment, fixtures, equipment
inventory, materials, and improvements used solely and exclusively in connection
with the wells or with the production, treatment, or sale of hydrocarbons and
all other substances produced therefrom or attributable thereto, and (3) all
associated options, farmout agreements, exploration agreements, operating
agreements, permits and approvals, sales contracts and other agreements granting
the right to earn or to acquire a right, interest, or privilege in the leases
and wells or to manage, operate, produce and sell oil, gas and coalbed methane
from the leases or the wells. The three wells, located in Campbell County,
Wyoming, are the Thunder Creek Federal K-1, Thunder Creek Federal R-1, and
Thunder Creek Federal R-2. AOC received gross proceeds of $222,000 when the
Assignment was delivered to Powder River Coal Company.
A copy of the Assignment is included under Item 9.01(c) as Exhibit 10.1 to
this report and is included in this Item by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit 10.1 Assignment, Bill of Sale, and Conveyance, delivered
October 25, 2005.
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 thereunto duly authorized.
Dated: October 25, 2005 By: /s/ Steven H. Cardin
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Chief Executive Officer and
Principal Financial Officer
EXHIBIT INDEX
Exhibit No. Description
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10.1 Assignment, Bill of Sale, and Conveyance, delivered
October 25, 2005.