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<SEC-DOCUMENT>0001019687-08-002794.txt : 20080623
<SEC-HEADER>0001019687-08-002794.hdr.sgml : 20080623
<ACCEPTANCE-DATETIME>20080623120447
ACCESSION NUMBER:		0001019687-08-002794
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080618
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Unregistered Sales of Equity Securities
FILED AS OF DATE:		20080623
DATE AS OF CHANGE:		20080623

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:		08911551

	BUSINESS ADDRESS:	
		STREET 1:		9903 SANTA MONICA BLVD #287
		CITY:			BEVERLY HILLS
		STATE:			CA
		ZIP:			90212
		BUSINESS PHONE:		818-735-0050

	MAIL ADDRESS:	
		STREET 1:		9903 SANTA MONICA BLVD #287
		CITY:			BEVERLY HILLS
		STATE:			CA
		ZIP:			90212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CROFF OIL CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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code:&#160;&#160;&#160;&#160;&#160;&#160;&#160;(818) 735-0050</font></div>
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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):</font></div>
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
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by Croff Enterprises, Inc. (&#8220;Croff&#8221; or the "Company") from time-to- time with
the Securities and Exchange Commission (collectively the &#8220;Filings&#8221;) contain
forward-looking statements and information that are based upon beliefs of, and
information currently available to, the Company's management, as well as
estimates and assumptions made by the Company's management. When used in the
Filings, the words "anticipate", "believe", "estimate", "expect", "future",
"intend", "plan" or the negative of those terms and similar expressions as they
relate to the Company or the Company's management identify forward-looking
statements. Such statements reflect the current view of the Company with respect
to future events and are subject to risks, uncertainties, assumptions and other
factors relating to the Company's industry, operations and results of operations
and any businesses that may be acquired by the Company.&#160;&#160;Should one or
more of those risks or uncertainties materialize, or should the underlying
assumptions prove incorrect, actual results may differ significantly from those
anticipated, believed, estimated, expected, intended or planned.</font></div>
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1.01&#160;&#160;&#160;Entry into a Material Definitive Agreement.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>As of June 18, 2008, Croff entered into
a Stock Issuance Agreement (the &#8220;Agreement&#8221;) with Terrace Lane, LLC which
increased that entity&#8217;s controlling interest in Croff from 146,000 shares of
common stock (approximately 28.3% of Croff&#8217;s issued and outstanding shares,
excluding treasury shares) to 646,000 shares of common stock (approximately
63.5% of Croff&#8217;s issued and outstanding shares, excluding treasury
shares).&#160;&#160;See Item 3.02 below for additional information.</font></div>
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3.02&#160;&#160;&#160;Unregistered Sales of Equity Securities.</font></div>
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privately issued 500,000 shares of its $.10 par value common stock to Terrace
Lane, LLC in consideration of that entity&#8217;s efforts through June 17, 2009, to
locate for Croff one or more potential merger partner(s) which meet Croff&#8217;s
specifications.&#160;&#160;In the event that Terrace Lane, LLC has not located a
potential merger partner that is acceptable to Croff (in its sole and absolute
discretion) by June 17, 2009, 250,000 of the shares will be automatically
cancelled.&#160;&#160;Based on the sophistication of Terrace Lane, LLC, its
existing controlling interest in Croff, and the nature of the transaction, the
issuance was exempt from registration under the Securities Act of 1933 pursuant
to Section 4(2) thereunder.</font></div>
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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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              <td colspan="2" valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">CROFF
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