<SEC-DOCUMENT>0001019687-12-003539.txt : 20121002
<SEC-HEADER>0001019687-12-003539.hdr.sgml : 20121002
<ACCEPTANCE-DATETIME>20121002090021
ACCESSION NUMBER:		0001019687-12-003539
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120927
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20121002
DATE AS OF CHANGE:		20121002

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Black Ridge Oil & Gas, Inc.
		CENTRAL INDEX KEY:			0001490161
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				272345075
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53952
		FILM NUMBER:		121121637

	BUSINESS ADDRESS:	
		STREET 1:		10275 WAYZATA BOULEVARD
		STREET 2:		SUITE 310
		CITY:			MINNETONKA
		STATE:			MN
		ZIP:			55305
		BUSINESS PHONE:		952-426-1241

	MAIL ADDRESS:	
		STREET 1:		10275 WAYZATA BOULEVARD
		STREET 2:		SUITE 310
		CITY:			MINNETONKA
		STATE:			MN
		ZIP:			55305

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ante5, Inc.
		DATE OF NAME CHANGE:	20100422
</SEC-HEADER>
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<DESCRIPTION>FORM 8-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
September 27, 2012</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>BLACK RIDGE OIL &amp; GAS, INC.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Delaware</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction of incorporation)</P>

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    <TD STYLE="width: 50%; font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">000-53952</TD>
    <TD STYLE="width: 50%; font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">27-2345075</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="font-size: 10pt; text-align: center">(I.R.S. Employer Identification No.)</TD></TR>
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    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center; width: 83%">10275 Wayzata Boulevard, Suite 310, Minnetonka, Minnesota</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center; width: 17%">55305</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(952) 426-1241</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Registrant&rsquo;s
telephone number, including area code)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Former name, former
address and former fiscal year, if changed since last report)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">[_]</TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">[_]</TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR 240.14a-12)</TD></TR></TABLE>



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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">[_]</TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">[_]</TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR></TABLE>

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    <TD STYLE="width: 15%; font-weight: bold; text-align: justify">Item 8.01.</TD>
    <TD STYLE="width: 85%; font-weight: bold; text-align: justify"><B>Other Events.</B></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On September 27, 2012, Black Ridge Oil
&amp; Gas, Inc. (the &ldquo;Company&rdquo;) entered into a settlement agreement with Peerless Media, Ltd. (&ldquo;Peerless&rdquo;)
and ElectraWorks, Ltd. (&ldquo;ElectraWorks&rdquo;) to settle all claims regarding their performance of obligations with respect
to the WPT Enterprises, Inc. business purchased by Peerless from Ante4, Inc. in November 2009 (the &quot;Litigation&quot;). The
Litigation was pending before Judicial Arbitration and Mediation Services (JAMS) in Los Angeles, California. The claims in the
Litigation were assigned to the Company as part of the Company&rsquo;s distribution (spin-off) agreement with Ante4, Inc. Under
the settlement agreement, Peerless/ElectraWorks will pay the Company $13.5 million in the following installments: (i) $5.5 million
payable on November 2, 2012, (ii) $5.5 million payable on December 31, 2012, and (iii) $2.5 million payable on December 31, 2013.
In addition, Peerless/ElectraWorks will make payments to the Company upon certain contingencies related to the passage of federal
or state legislation permitting real money online poker and Peerless/ElectraWorks or one of their affiliates obtaining such a license.
The maximum amount of these contingent payments is $6.5 million with the amount determined based on how such legislation is enacted.
Under the settlement agreement the Company has released its rights to the royalty stream and no further payments are due from Peerless/ElectraWorks
other than those set forth in the settlement agreement. As of the settlement date, the Company had receivables, net of allowances
and related payables, of approximately $5.2 million related to the royalty stream.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company will pay attorneys&rsquo; fees
of approximately $2 million as well as various costs out of the proceeds. In addition, as a result of an incentive arrangement
with the Company&rsquo;s former president, chief executive officer and secretary, Steve Lipscomb that was approved by WPT Enterprises,
Inc.&rsquo;s Board of Directors in February 2009, Mr. Lipscomb will receive 5% of the settlement payments, net of attorneys&rsquo;
fees and costs, as such amounts are received by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>BLACK RIDGE OIL &amp; GAS, INC.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -1.5in">Date: October
2, 2012</P>

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<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 49%">&nbsp;</TD>
    <TD STYLE="width: 3%; border-bottom: Black 1pt solid">/s/</TD>
    <TD STYLE="width: 48%; font-style: italic; border-bottom: Black 1pt solid">Ken DeCubellis, Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Ken DeCubellis, Chief Executive Officer</TD></TR>
</TABLE>
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