Lone Oak Acquisition Corporation is a blank check company that was formed to acquire, through a merger, share exchange, asset acquisition, recapitalization, or similar business combination, one or more operating businesses, or control of such operating businesses through contractual arrangements. Lone Oak has signed a merger agreement to acquire privately-held Arabella Exploration, an independent oil and natural gas company focused on acquiring, developing and exploring unconventional, long life, onshore oil and natural gas reserves in the Delaware Basin in West Texas.