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
July 16,
2008
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Date of
Earliest Reported Event
AMEN
PROPERTIES, INC.
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(Exact
name of registrant as specified in its Charter)
Delaware
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(State or
other jurisdiction of incorporation)
000-22847
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(Commission
File Number)
54-1831588
---------------------------------
(IRS
Employer Identification No.)
303 W.
Wall Street, Suite 2300
Midland,
Texas 79701
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(Address
of principal executive offices) (Zip Code)
(432)
684-3821
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(Registrant's
telephone number, including area code)
NA
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(Former
Name or Former Address, if Changed Since Last Report)
Current
Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of
1934
FORM
8-K
Item
1.01 – Entry Into a Material Definitive Agreement
On July
16, 2008, W Power and Light, LLC (“W Power”), a wholly-owned subsidiary of Amen
Properties, entered into an Asset Purchase Agreement (the
“Agreement”) with Green Mountain Energy Company (“Green Mountain”) whereby Green
Mountain purchased all but a few of the retail electricity customer agreements
of W Power. This agreement was executed as part of the plan to
discontinue the operations of W Power, as disclosed in the 8-K filed on July 10,
2008.
Under the
terms of the agreement, the parties will cooperate to transfer the acquired
residential and commercial customers to Green Mountain within five business
days after the closing date. W Power’s few remaining customers will
find service with another retail electricity provider. At closing, W
Power paid a mark-to-market payment to Green Mountain of $190,762 for the
purpose of covering the expected excess energy-related costs that
Green Mountain will incur to provide electricity service to certain fixed
price customers for the term of those customer agreements.
The
description herein of the material terms of the Agreement is qualified in its
entirety by reference to the Agreement, which is attached hereto as Exhibit
10.1.
Item
9.01. Financial Statements and Exhibits.
(a) Financial
Statements of Businesses Acquired.
None.
(b) Pro
Forma Financial Information.
None.
(c) Exhibits.
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Title
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Exhibit
No.
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Asset
Purchase Agreement between W Power and Light, LLC and Green Mountain
Energy Company, dated as of July 15, 2008
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10.1
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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.
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AMEN Properties, Inc.
(Registrant)
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Date: July
21, 2008
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By: /s/ Jon M
Morgan
Jon
M Morgan, Chief Executive Officer
(Signature)
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