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<SEC-DOCUMENT>0001356018-08-000365.txt : 20080613
<SEC-HEADER>0001356018-08-000365.hdr.sgml : 20080613
<ACCEPTANCE-DATETIME>20080612174439
ACCESSION NUMBER:		0001356018-08-000365
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080610
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Changes in Registrant.s Certifying Accountant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080613
DATE AS OF CHANGE:		20080612

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CROFF ENTERPRISES INC
		CENTRAL INDEX KEY:			0000025743
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				870233535
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16731
		FILM NUMBER:		08896643

	BUSINESS ADDRESS:	
		STREET 1:		3773 CHERRY CREEK DRIVE NORTH
		STREET 2:		#1025
		CITY:			DENVER
		STATE:			CO
		ZIP:			80209
		BUSINESS PHONE:		3033831555

	MAIL ADDRESS:	
		STREET 1:		3773 CHERRY CREEK DRIVE NORTH
		STREET 2:		#1025
		CITY:			DENVER
		STATE:			CO
		ZIP:			80209

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CROFF OIL CO
		DATE OF NAME CHANGE:	19920703
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3.02 Unregistered Sales of Equity Securities</font></div>
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Appointment of Principal Officers</font></div>
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Enterprises, Inc. announced today that following a meeting of the Board of
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Chairman and President Gerald Jensen and director, Julian Jensen, have entered
into agreements to sell all of their common shares in the Company. A third
director, Richard Mandel will sell only his free trading common share, and
retain his restricted shares.&#160;&#160;Pursuant to the majority share
acquisition, on closing of the sale, the existing Board of Directors and
officers will resign and the Company will be relocated to Beverly Hills,
California. Croff announced that a special dividend of $.40 per common share has
also been declared to all shareholders of record as of June 10, 2008. This would
distribute most of the company&#8217;s cash to existing shareholders prior to the
change in control of the Company.</font></div>
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Fenster, director, announced his resignation following the meeting, effective at
the close of business on June 10, 2008. The Press Release from the Company is
attached hereto as Exhibit 99.1. Upon closing, all current directors will resign
and the Company will announce its new directors and officers.</font></div>
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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</font></div>
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Index</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit
99.1</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Croff
announces Common Share Sale and Dividend</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DENVER,
CO &#8211; 06/12/2008 -- Croff Enterprises, Inc. (OTCBB: COFF)announced today that the
members of the Board of Directors including the Company&#8217;s Chairman and President
have entered into agreements to sell all of their shares in Croff Enterprises,
Inc.&#160;&#160;As part of the sale, the existing Board of Directors and
officers will resign and the Company will be relocated to Beverly Hills,
California.&#160;&#160;Jerry Jensen, Chairman of Croff, stated that he was
selling his shares, &#8220;Constituting almost half of the issued and outstanding
shares, to allow a new management team to grow the company and develop a more
liquid market for the company&#8217;s stock. This sale will complete the Board of
Directors plan to separate the non-operated oil and gas assets into a separate
company, which was completed in December 2007, and allow a new management team
to acquire a potentially more scalable business for the public
company.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Croff
announced that a special dividend of $.40 per common share has been declared to
all shareholders of record as of June 10, 2008. This would distribute most of
the company&#8217;s cash to existing shareholders prior to the change in control of
the Company.&#160;&#160;Harvey Fenster, director, announced his resignation
following the meeting, effective at the close of business on June 10,
2008.&#160;&#160;This sale is expected to close by June 21, 2008.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Croff,
formerly an independent energy company, assigned all of its oil and gas assets
to its former Preferred B shareholders in December 2007. It has been seeking a
new business in 2008. This news release contains forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934, which
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
Further information contact:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Alex
Forest</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Secretary</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Croff
Enterprises, Inc.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">303-383-1555</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">alex@croff.com</font><br></div>
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