SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 18, 2013
RESOLUTE ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: 303-534-4600
(Former name or former address, if changed since last report)
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:
Closing of Sale of Working Interests in Greater Aneth Field to NNOG
Resolute Energy Corporation (Resolute) today announced that it had closed the transfer of 5% of Resolutes interest in Greater Aneth Field to Navajo Nation Oil and Gas Company (NNOG). Resolute and NNOG entered into a purchase and sale agreement in April 2012 pursuant to which NNOG exercised an option to purchase 10% of the interest owned by Resolute in Greater Aneth Field. This option was exercised for cash consideration of $100 million, including a $10 million performance deposit and subject to customary purchase price adjustments. The purchase and sale agreement provided that the transaction would be closed and paid for in two equal transfers of 5% each, scheduled for July 2012 and January 2013. The first of these two transfers was consummated on July 2, 2012 and Resolute received cash of approximately $45 million (including purchase price adjustments) for the 5% interest that was transferred at that time. The second of these transfers was consummated on January 18, 2013 and Resolute received approximately $48 million (including purchase price adjustments) for the 5% interest that was transferred at that time. Please refer to Resolutes press release dated April 11, 2012, for further information on the transaction.
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.
Date: January 18, 2013