siberian8k102207.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 22, 2007
SIBERIAN
ENERGY GROUP INC.
(Exact
name of registrant as specified in its charter)
|
Nevada
|
333-118902
|
52-2207080
|
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
275
Madison Ave, 6th Floor, New York, NY 10016
(Address
of principal executive offices) (Zip Code)
(212)
828-3011
Registrant's
telephone number
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 (see General Instruction A.2. below):
|
[
]
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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[
]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[
]
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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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[
]
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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
3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
On
November 7, 2007, the Board of Directors of the Registrant approved the issuance
of 2,000,000 shares of common stock to Key Brokerage, LLC (“Key Brokerage”), in
connection with the successful acquisition of two new oil and gas exploration
licenses by KNG (as defined and as described below under Item 8.01), which
shares have not been issued to date. The Registrant will claim an
exemption from registration afforded by Section 4(2) of the Securities Act
of
1933, as amended, since the foregoing issuance will not involve a public
offering, the recipient will take the shares for investment and not resale
and
the Registrant will take appropriate measures to restrict transfer.
ITEM
8.01 - OTHER EVENTS
On
October 22, 2007, Kondaneftegaz, LLC (“KNG”), a Russian limited liability
company wholly owned by Siberian Energy Group Inc. (“we,” “us,” and the
“Company”), was awarded two oil and gas exploration licenses in Khanty-Mansiysk
region in West Siberia, Russia.
The
two
5-year oil & gas exploration licenses awarded to KNG on October 22, 2007,
were for the Karabashsky-61 and Karabashsky-67 blocks located in the
Khanty-Mansiysk Autonomous Region, Russian Federation. The license areas
together cover 166,000 acres and are situated in the territory of the Urals
oil
and gas bearing area. Newly acquired licenses notably increase the existing
Company’s holdings in West Siberia.
On
November 7, 2007, the Board of Directors of the Company agreed to issue
2,000,000 shares of common stock to Key Brokerage LLC, a Delaware limited
liability company, in connection with the successful acquisition of the two
new
oil & gas exploration licenses by KNG, which shares have not been issued to
date.
Brief
description of Karabashsky-61 and Karabashsky-67 blocks
The
Karabashsky-61 block with an area of 78,580 acres and the Karabashsky-67 block
with an area of 87,230 acres are located in the Khanty-Mansiysk Autonomous
region, Russia. The blocks together cover the total area of 166,000 acres.
According to the Tectonic map of the central part of the West-Siberian platform,
the license areas are located in the southern part of Frolovsky megadepression
which includes the Khanty-Mansi depression. The geological section of the
blocks’ area consists of Pre-Jurassic rocks and Mesozoic-Cenozoic sediments. In
compliance with the Sketch map of oil and gas deposits in the West-Siberian
province, the licence areas lie in the territory of the Urals oil and gas
bearing area.
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS.
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Exhibit
Number
|
Description
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|
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99.1*
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Press
Release
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*
Filed
herewith
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.
SIBERIAN
ENERGY GROUP, INC.
By: /s/ David Zaikin
David Zaikin,
Chief Executive Officer
Dated:
November 15, 2007