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EXHIBIT 5.1
Ballard Spahr Andrews and Ingersoll, LLP
1225 17th Street, Suite 2300
Denver, CO 80202
September 6, 2000
Greka Energy Corporation
630 Fifth Avenue, Suite 1501
New York, New York 10111
Re: Form S-2 Registration Statement relating to shares of no par value
Common Stock Offered for Sale by the Company
Ladies and Gentlemen:
We have acted as counsel for Greka Energy Corporation , a Colorado
corporation (the "Company"), in connection with the preparation of the Form S-2
Registration Statement to be filed by the Company with the Securities and
Exchange Commission to register 4,000,000 shares of the Company's no par value
common stock (the "Common Stock") that will be offered for sale by the Company.
In connection with our giving this opinion, we have examined the Company's
Articles of Incorporation, resolutions of the Board of Directors of the Company
adopted August 28, 2000, and we have examined and relied upon such other
records, documents, certificates and other instruments and have made such other
investigation as we deemed appropriate as in our judgment are necessary or
appropriate to form the basis for the opinions hereinafter set forth.
Based upon the foregoing, we are of the opinion that the shares of
Common Stock being offered for sale, when sold in accordance with the terms set
forth in the Registration Statement, will be legally issued, fully paid and
nonassessable.
We express no opinion concerning the laws of any jurisdiction other
than the federal law of the United States of America and the State of Colorado.
We consent to the filing of this opinion as an exhibit to the Registration
Statement and to the reference to this firm under the caption "Legal Matters" in
the Registration Statement and the Prospectus forming a part thereof.
Very truly yours,
/s/ Ballard Spahr Andrews & Ingersoll, LLP
