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
OCTOBER 31, 2008
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Date of Report (Date of earliest event reported)
MORGAN CREEK ENERGY CORP.
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(Exact name of registrant as specified in its charter)
NEVADA 0-25455 20-1777817
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
5050 QUORUM DRIVE, SUITE 700
DALLAS, TEXAS 75254
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(Address of principal executive offices) (Zip Code)
(214) 321-0603
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Registrant's telephone number, including area code
N/A
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K 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
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
SECTION 1. REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Effective on October 31, 2008, the Board of Directors (the "Board") of Morgan
Creek Energy Corp., a Nevada corporation (the "Company"), authorized the
execution of an option agreement (the "Option Agreement") with Westrock Land
Corp, a private Texas corporation ("Westrock"). In accordance with the terms and
provisions of the Option Agreement: (i) Westrock owns all right, title and
interest in and to approximately 7,763 net acres with a net revenue interest of
81.5% pertaining to 5,746 of the net acres and a 78.5% net revenue interest
pertaining to 2,017 net acres (the "Leases"); (b) Westrock has an option until
June 23, 2009 to exercise a five year lease at $100 per net acres for
acquisition of the 2,017 net acres; (iii) the Company desires to acquire a 100%
working interest in the Leases at $50.00 per net acres for a total purchase
price of approximately $388,150; and (iv) the Company has until November 20,
2008 to complete its due diligence (the "Option Period").
It is anticipated that in the event the due diligence is completed satisfactory
to the Company, the effective date of conveyance of the working interest in the
Leases to the Company will occur on approximately November 21, 2008.
SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.
Not applicable.
(b) PRO FORMA FINANCIAL INFORMATION.
Not applicable.
(c) SHELL COMPANY TRANSACTION.
Not applicable.
(d) EXHIBITS.
10.1 Option Agreement between Morgan Creek Energy Corp. and Westrock Land
Corp. dated October 31, 2008.
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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.
MORGAN CREEK ENERGY CORP.
DATE: October 31, 2008.
/s/ PETER WILSON
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Name: Peter Wilson
Title: President/Chief Executive Officer
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