Item 8.01. Other Events

On July 27, 2021, Spindletop Oil & Gas Co. (the "Company" or the "Issuer") announced that its Board of Directors has initiated a review of strategic alternatives to attempt to enhance shareholder value. The strategic alternatives to be considered may include a possible sale of all or a material portion of assets, either in one transaction or a series of transactions, a merger of the Company, or other form of business combination involving the Company and a third party. The purchase of additional assets is the outright sale of the Company or recapitalization of the Company.

No definitive timeline exists for the process, and there can be no assurance that the results of the review process will result in a transaction or other change. It is not expected that there will be further disclosure of developments in the review process unless and until the Board of Directors has approved the specific course of action or has otherwise determined that further disclosure is appropriate or required.

A copy of the announcement is attached as Exhibit "99.1." The information furnished pursuant to Item 8.01 of this Form 8-K, including Exhibit "99.1" attached hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, unless we specifically incorporate it by reference in a document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934. We undertake no duty or obligation to publicly update or revise the information pursuant to Item 8.01 of this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits





(d)    Exhibits.

The following exhibit is furnished with this Report:





  Exhibit
Designation   Description of Exhibit
   99.1  *      Press Release, dated July 27, 2021




_________________________

* Furnished herewith

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