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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 18pt"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
</B></FONT><B><FONT STYLE="font-size: 10pt">WASHINGTON, D.C. 20549</FONT></B></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></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>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934 </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of earliest event
reported): September 21, 2012</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B><U>RICHFIELD
OIL &amp; GAS COMPANY</U></B></FONT><U><FONT STYLE="font-size: 18pt"><BR>
</FONT></U><FONT STYLE="font-size: 10pt">(<I>Exact name of registrant as specified in its charter</I>) </FONT></P>

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

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 30%; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">Nevada</TD>
    <TD STYLE="width: 5%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">000-54576</TD>
    <TD STYLE="width: 5%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">35-2407100</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(<I>State or other jurisdiction of incorporation</I>)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">(<I>Commission File Number</I>)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">(<I>IRS Employer Identification No</I>.)</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>15 W. South Temple, Suite 1050</B><BR>
<B>Salt Lake City, UT 84101</B><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (<I>Address of principal executive offices</I>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(801) 519-8500<BR>
</B>&nbsp; (<I>Registrant's telephone number, including area code</I>)&nbsp;&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">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: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT></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: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT></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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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>ITEM 3.02. UNREGISTERED SALES OF
EQUITY SECURITIES.</U></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On September 21, 2012 and September 25, 2012, Richfield Oil
&amp; Gas Company (the &ldquo;<B>Company</B>&rdquo;) completed the sale of 20,000 units and 15,000 units, respectively (the &ldquo;<B>Units</B>&rdquo;),
each Unit consisting of one share of Series A Preferred Stock (the &ldquo;<B>Series A Preferred Stock</B>&rdquo;), with a stated
value of $1.00 per share (the &ldquo;<B>Stated Value</B>&rdquo;), and one warrant exercisable to acquire one share of the Company&rsquo;s
common stock at a price of $0.37 per share for a period of 3 years from the closing date (each, a &ldquo;<B>Warrant</B>&rdquo;),
for gross proceeds of $35,000. As reported in its Current Report on Form 8-K filed on September 10, 2012, the Company previously
sold 250,000 Units for gross proceeds of $250,000.</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">The Series A Preferred Stock is convertible, at the option of
the holders, into shares of common stock of the Company, at a per share conversion price determined by dividing the Stated Value
of each share of Series A Preferred Stock by the average price at which shares of the Company&rsquo;s common stock were sold over
the 30-day period prior to the conversion, minus a 25% discount to such 30-day average price (the &ldquo;<B>Conversion Price</B>&rdquo;).
Notwithstanding the foregoing, at no time shall the Conversion Price be less than $0.10 or greater than $0.37 per share. The Company
may redeem all or any portion of the Series A Preferred Stock at any time after August 31, 2014, or at any time if the Company&rsquo;s
common stock has traded at a rate of more than 100,000 shares per day for at least 30 consecutive days and the average trading
price of the common stock (based on a 30-day moving average) is greater than $0.50 per share. The Series A Preferred Stock shall
be redeemed by conversion into common stock of the Company. The Series A Preferred Stock redeemed shall be converted into shares
of common stock of the Company at a per share conversion price determined by dividing the Stated Value of each share of Series
A Preferred Stock by the Conversion Price. Notwithstanding the foregoing, at no time shall the Conversion Price used to determine
the rate at which the Series A Preferred Stock shall be redeemed be less than $0.10 or greater than $0.37 per share.</P>

<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">The Company sold the Units to three private investors unaffiliated
with the Company. No placement or underwriting fees were paid in connection with this transaction.</P>

<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">We believe the offer and sale of the securities described above
were exempt from the registration requirements of the Securities Act of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;)
for the private placement of these securities pursuant to Section 4(2) of the Securities Act and/or Regulation D thereunder because
the securities were sold in a transaction not involving a public offering</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">* * * * *</P>

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

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

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

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<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">RICHFIELD OIL &amp; GAS COMPANY</TD></TR>
<TR>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 40%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>By</TD>
    <TD STYLE="text-decoration: underline">/s/ Douglas C. Hewitt, Sr.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Douglas C. Hewitt, Sr.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Date</TD>
    <TD>September 28, 2012</TD></TR>
</TABLE>
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{"company-data": {"conformed-name": "RICHFIELD OIL & GAS Co", "cik": "0001537834", "assigned-sic": "1381", "irs-number": "352404100", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-54576", "film-number": "121116036"}, "business-address": {"street1": "15 WEST SOUTH TEMPLE", "street2": "SUITE 1050", "city": "SALT LAKE CITY", "state": "UT", "zip": "84101", "phone": "801 519 8500"}, "mail-address": {"street1": "15 WEST SOUTH TEMPLE", "street2": "SUITE 1050", "city": "SALT LAKE CITY", "state": "UT", "zip": "84101"}}
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
Date of Report (Date of earliest event
reported): September 21, 2012
RICHFIELD
OIL & GAS COMPANY
(
Exact name of registrant as specified in its charter
)
Nevada
000-54576
35-2407100
(
State or other jurisdiction of incorporation
)
(
Commission File Number
)
(
IRS Employer Identification No
.)
15 W. South Temple, Suite 1050
Salt Lake City, UT 84101
(
Address of principal executive offices
)
(801) 519-8500
(
Registrant's telephone number, including area code
)
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:
£
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))
ITEM 3.02. UNREGISTERED SALES OF
EQUITY SECURITIES.
On September 21, 2012 and September 25, 2012, Richfield Oil
& Gas Company (the "
Company
") completed the sale of 20,000 units and 15,000 units, respectively (the "
Units
"),
each Unit consisting of one share of Series A Preferred Stock (the "
Series A Preferred Stock
"), with a stated
value of $1.00 per share (the "
Stated Value
"), and one warrant exercisable to acquire one share of the Company's
common stock at a price of $0.37 per share for a period of 3 years from the closing date (each, a "
Warrant
"),
for gross proceeds of $35,000. As reported in its Current Report on Form 8-K filed on September 10, 2012, the Company previously
sold 250,000 Units for gross proceeds of $250,000.
The Series A Preferred Stock is convertible, at the option of
the holders, into shares of common stock of the Company, at a per share conversion price determined by dividing the Stated Value
of each share of Series A Preferred Stock by the average price at which shares of the Company's common stock were sold over
the 30-day period prior to the conversion, minus a 25% discount to such 30-day average price (the "
Conversion Price
").
Notwithstanding the foregoing, at no time shall the Conversion Price be less than $0.10 or greater than $0.37 per share. The Company
may redeem all or any portion of the Series A Preferred Stock at any time after August 31, 2014, or at any time if the Company's
common stock has traded at a rate of more than 100,000 shares per day for at least 30 consecutive days and the average trading
price of the common stock (based on a 30-day moving average) is greater than $0.50 per share. The Series A Preferred Stock shall
be redeemed by conversion into common stock of the Company. The Series A Preferred Stock redeemed shall be converted into shares
of common stock of the Company at a per share conversion price determined by dividing the Stated Value of each share of Series
A Preferred Stock by the Conversion Price. Notwithstanding the foregoing, at no time shall the Conversion Price used to determine
the rate at which the Series A Preferred Stock shall be redeemed be less than $0.10 or greater than $0.37 per share.
The Company sold the Units to three private investors unaffiliated
with the Company. No placement or underwriting fees were paid in connection with this transaction.
We believe the offer and sale of the securities described above
were exempt from the registration requirements of the Securities Act of 1933, as amended (the "
Securities Act
")
for the private placement of these securities pursuant to Section 4(2) of the Securities Act and/or Regulation D thereunder because
the securities were sold in a transaction not involving a public offering
* * * * *
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.
RICHFIELD OIL & GAS COMPANY
By
/s/ Douglas C. Hewitt, Sr.
Douglas C. Hewitt, Sr.
Chief Executive Officer
Date
September 28, 2012