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

OCTOBER 1129, 2010

Date of Report (Date of Earliest Event Reported)

PGI ENERGY FUND I SERIES 2010, INC.

(Exact name of registrant as specified in its charter)

TEXAS

333-168524

27-1980622

(State or other jurisdiction

of Identification)

(Commission

File Number)

(IRS Employer No.)

7322 SOUTHWEST FRWY. STE. 1100, HOUSTON, TX. 77074

Address

(713) 532-5649

Registrant’s telephone number, including area code

N/A

(Former name or former address, if changed since last report)

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 (see General Instruction A.2. below):

¨	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~~ct (17 CFR 240.14d-2(B))

¨	Pre-commencement communications pursuant to Rule 13e-4(c)) under the Exchange Act (17 CFR 240.13e-4c))

Item 1 8.01. ~~Entry~~Other ~~into Material Definitive Agreement~~Events

OnPress ~~October 08, 2010 PGI ENERGY FUND I SERIES 2010, Inc~~Release. (the “Company” or “PGI ENERGY”) entered into an underwriting agreement regarding its planned initial public offering with Heffernan Capital Management. Originally the Company planned to offer shares to the public in a self-underwritten initial public offering. The Company has determined the fully-underwritten offering to be in the best interest of the Company and its shareholders. The underwriter will underwrite 55,700,000 shares of common stock at a minimum bid of .25 per share. Heffernan Capital Management is a licensed Asian fund located in Bangkok, Thailand with $500Mil. under management. A copy of the Underwriting Agreement is filed as Exhibit 10.1 hereto and incorporated herein by reference.

~~Item~~On August 28, 52010 PGI ENERGY FUND I SERIES 2010, Inc.02 ~~Election~~(the of“Company” ~~Director~~or “PGI ENERGY”) issued a press release Initial Public Offering tombstone as an announcement.

~~The~~We ~~Company~~are ~~held~~pleased ~~a special~~to ~~board~~announce toon ~~elect~~October 29, ~~Roger~~2010 ~~A.T~~the ~~Smith~~closing asof aour ~~board~~IPO ~~member.~~of ~~Roger~~55,700,000 Ashares of Common Stock @ offering price of $.25 Tper ~~Smith~~share ~~has~~raising ~~over~~$13,925,000 30through ~~years~~our ~~drilling~~underwriter Heffernan Capital Management, ~~completion~~Bangkok, ~~work~~Thailand. ~~over~~PGI ~~and~~ENERGY ~~production~~FUND ~~experience~~I ~~with~~SERIES 2010, a BTexas Corporation.A. inPGI ~~Mechanical~~Energy ~~Engineering.~~Fund ~~Mr. Smith~~I SERIES 2010 is ~~the~~an ~~CEO~~energy ofholding ~~The~~company ~~Sanday~~focused ~~Corporation~~on ~~and~~acquiring isproven anproducing ~~advisor~~oil & togas ~~Petrohawk~~assets and ~~K&M~~mid-stream ~~Technology~~income ~~Group~~producing assets. HeThe Company has ~~provided~~made ~~consulting~~application ~~review~~to ~~for~~be listed on the ~~acquisition~~OTCBB ~~targets~~and ofticker ~~PGI~~symbol ~~Energy~~request ~~Fund~~to IFINRA ~~Series~~in ~~2010~~order to have its stock quoted through Montecito Advisors, New York. This announcement appears as a matter of record and is annot ~~invaluable~~a ~~resource~~solicitation or offer to purchase securities. The offering is made by prospectus only. Copies of the ~~board~~Prospectus may be obtained in any State in which this announcement is circulated where the undersigned may legally offer these securities in such State.

Item 8.01 Other Events

We are pleased to announce the upcoming IPO of PGI ENERGY FUND I SERIES 2010, a Texas Corporation. PGI Energy Fund I SERIES 2010 is an energy holding company focused on acquiring proven producing oil & gas assets and mid-stream income producing assets. The Company has made application to be listed on the OTCBB and ticker symbol request to Finra in order to launch its IPO. The Company is anticipating a hard launch date of its IPO on October 29, 2010. This announcement appears as a matter of record and is not a solicitation or offer to purchase securities. The offering is made by prospectus only. Copies of the Prospectus may be obtained in any State in which this announcement is circulated where the undersigned may legally offer these securities in such State.

Item 9.01 Exhibit

Exhibit Number		Description
Exhibit 10.1		Underwriting Agreement
Exhibit 99.1		Press Release

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.

PGI ENERGY FUND I SERIES 2010, INC.
By:		/s/ MARCELLOUS S. MCZEAL
Name:		MARCELLOUS S. MCZEAL
Title:		Chief Executive Officer
Dated:		10/1129/2010

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