U.S. 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): ~~May~~June 155, 2007

Commission File Number: 000-31987

TEXHOMA ENERGY, INC.

(Name of Small Business Issuer in its Charter)

NEVADA		20-4858058
(State or other jurisdiction of		(IRS Employer
incorporation or organization)		Identification No.)

~~2200~~100 ~~POST~~Highland ~~OAK~~Park ~~BLVD. SUITE 340 HOUSTON, TEXAS 77056~~ Village

Dallas, Texas 75205

(Address of principal executive offices)

(~~713~~214) ~~457~~295-~~0610~~ 3380

(Issuer Telephone Number)

Check the appropriate box below if the Form 8-K 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 1.01.

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

~~Management~~Voting ~~Services~~ Agreement

On or about ~~May~~June 155, 2007, certain of Texhoma Energy, Inc.’s (the “Company’s”, “we,” and “usour”) largest shareholders, including Capersia Pte. Ltd.; Frank A. Jacobs, our former officer and Director; and Valeska Energy, Inc., which is controlled by William M. Simmons, the President and Director of the Company, and is majority owned by Daniel Vesco, the Company’s Chief Executive Officer and a Director of the Company, through an entity which he controls (“Valeska” and collectively the “~~Company~~Shareholders”) entered into a ~~Management~~Voting ~~Services~~Agreement (the “Voting Agreement”). Pursuant ~~with~~to ~~Valeska~~the ~~Energy~~terms ~~Corp.~~of the Voting Agreement the Shareholders agreed that for the Term of the Voting Agreement, as defined below, no Shareholder would vote any of the shares of common stock (the “~~Valeska~~Shares”), which ~~whose~~they ~~Chief~~hold ~~Executive~~for ~~Officer~~(i.e. isin favor of) the removal of William M. Simmons or Daniel Vesco, ~~who~~our ~~became~~Directors ~~and~~(the ~~officer~~“New Directors”). The Shareholders also ~~and~~agreed that in the event of any shareholder vote of the Company (either by ~~Director~~Board Meeting, a Consent to Action with Meeting, or otherwise) relating to the removal of usthe onNew Directors; the re-election of the New Directors; and/or ~~about~~the ~~June~~increase in 4,the ~~2007,~~number asof ~~described~~directors ~~below~~of the Company during the Term of the Voting Agreement, ~~which~~that ~~was~~such Shareholders would vote their Shares against the removal ~~subsequently~~of the ~~amended~~New onDirectors; for the re-election of such New Directors; and/or ~~about~~vote against ~~June~~the 1,increase ~~2007~~in ~~(collectively~~the number of directors of the ~~“Management~~Company, without the ~~Agreement”)~~unanimous consent of the New Directors, respectively.

~~Pursuant~~The toVoting ~~the Management~~ Agreement, wefurther ~~agreed~~provided tothat ~~enter~~in ~~into~~the aevent ~~Joint~~that ~~Venture~~either ~~agreement with~~of ~~Valeska (~~the ~~“Joint Venture”), described below; Valeska agreed to provide~~New usDirectors ~~management~~breaches ~~services~~his ~~and~~fiduciary ~~act~~duty asto athe ~~Management~~Company, ~~Consultant to us~~including, ~~for~~but anot ~~monthly~~limited ~~fee~~to ofsuch ~~$10,000~~Director’s ~~(plus~~conviction ~~expenses),~~of oran ~~15%~~act ofor ~~any~~acts ~~revenue~~constituting wea ~~generate,~~felony ~~whichever~~or other ~~is greater~~crime ~~(excluded~~involving ~~from~~moral ~~this~~turpitude, ~~definition~~dishonesty, ~~however~~theft ~~are~~or ~~asset~~fraud; ~~sales~~such ~~and/or income~~Director’s ~~of a~~gross ~~capital~~negligence ~~nature, and included~~ in ~~the~~connection ~~definition~~with ~~are~~his ~~20%~~service ofto the ~~revenues~~Company weas a Director ~~receive~~and/or ~~from~~in ~~our~~any ~~Joint~~executive ~~Venture~~capacity ~~with~~which ~~Laurus~~he ~~Master~~may ~~Fund, Ltd.)~~hold; and/or weif ~~also~~any Shareholder ~~agreed~~becomes toaware ~~issue~~of ~~Valeska~~information ~~15,200,000~~which ~~restricted~~would ~~shares~~lead ofa ~~our~~reasonable ~~common~~person ~~stock.~~to Webelieve ~~also~~that ~~agreed~~such ~~pursuant~~Director tohas ~~the~~committed ~~Management~~fraud ~~Agreement,~~or astheft ~~amended,~~from ~~that~~the ~~we would issue Valeska an additional 18~~Company,~~200,000~~ ~~shares~~or ofa ~~our common stock upon such~~violation ~~time as~~of wethe ~~are~~Securities ~~able~~laws, tothe ~~bring~~Voting ~~our~~Agreement ~~public~~shall ~~reporting~~not ~~requirements~~apply, ~~current with the Commission~~ and ~~seek reinstatement on~~ the ~~Over-The-Counter Bulletin Board. The~~ ~~Management~~Shareholders ~~Agreement~~may ~~has~~vote atheir ~~minimum~~Shares ~~term~~as ofthey ~~three~~see ~~months, beginning on May 1, 2007~~fit.

~~Joint~~The ~~Venture~~Term of the Voting Agreement is until June 5, 2009 (the “Term”). The Shareholders agreed to enter into the Voting Agreement in consideration for the New Directors agreeing to serve the Company as Directors of the Company.

On or about ~~May~~July 1512, 2007, weanother ~~entered~~one ~~into~~of aour ~~Joint~~significant ~~Venture~~shareholders, ~~Relationship~~Lucayan ~~Agreement~~Oil ~~with Valeska~~and ~~(the~~Gas ~~“Joint Venture Agreement”)~~Investments, ~~pursuant~~Ltd. ~~to which we and Valeska agreed to form a new Texas limited partnership~~ (~~the~~ “~~Joint Venture~~LOGI”), of which ~~Valeska will~~is ~~serve~~50% asowned ~~general~~by ~~partner.~~Max ~~The~~Maxwell, ~~Joint Venture Agreement contemplates that~~our ~~Valeska~~former ~~will~~President ~~cause funds to be invested, arrange financial~~ and ~~strategic partnerships~~Director, ~~and~~entered ~~that~~into ~~both~~a ~~parties~~Voting ~~would~~Agreement ~~bring~~with ~~investment~~us, ~~opportunities to~~which ~~the Joint~~was ~~Venture.~~amended ~~Pursuant~~by toa ~~the~~First ~~Joint~~Amendment ~~Venture~~to Voting Agreement, ~~Valeska~~which ~~has co-investment~~provided ~~rights~~that in the shares ~~Joint~~of ~~Venture.~~common ~~Any~~stock ~~distributions~~held ~~from~~by ~~the~~LOGI ~~Joint Venture~~would ~~will~~ be ~~paid~~subject ~~first~~ to ~~Valeska and~~ the ~~Company,~~identical ~~in an amount equal to~~terms 8%of toour ~~Valeska~~June ~~and 2% to the Company~~5, ~~subject~~2007 toVoting ~~investor~~Agreement ~~approval; then to any investors as negotiated therewith; and finally Valeska and the Company will share any remaining distributions,~~ with ~~Valeska receiving 80% of such distributions and~~ the ~~Company receiving 20% of such distributions~~Shareholders.

~~The~~Cooperation ~~Joint Venture~~ Agreement also provides that Valeska has the right to require us to purchase its interest in the Joint Venture at any time, in exchange for shares of our common stock. In the event that Valeska exercises this right, the valuation of the Joint Venture will be valued in a negotiated manner or at 30% greater than the gross acquisition cost of any property acquired by the Joint Venture, and ~~the~~Mutual ~~number of shares exchangeable for such interest will be equal to the market price of our shares of common stock on the date that such right is exercised by Valeska.~~Release

~~Additionally~~On or about July 12, 2007, LOGI; Mr. Maxwell; Meredith Maxwell, Mr. Maxwell’s daughter and our former employee; and A.E. Buzz Jehle, our former consultant (collectively the “Former Interested Parties”) entered into a Cooperation Agreement and Mutual Release (the “Release”) with us and Texaurus Energy, Inc. (“Texaurus”), our wholly owned Delaware subsidiary (for the purposes of the description of the Release, all references to “we,” ~~have~~“us,” the ~~right~~“Company” or similar words include Texaurus). In connection with the Release, ~~pursuant~~we and the Former Interested Parties agreed to release each other (including employees, officers, directors, representatives, employees and assigns) from any and all claims, rights, causes of action and obligations which were known or unknown at the ~~Joint~~time ~~Venture~~of ~~Agreement~~the entry into the Release, subject only to ~~veto~~the Assignment by the Former Interested Parties of their rights, causes of actions or demands against any ~~deal~~former officers or Directors of us to the Company and the New Directors (the “Assignment”) and the Extension. The release we provided to the Former Interested Parties was against any and all claims, rights, causes of action and obligations which ~~Valeska~~were ~~proposes~~known or unknown at the time of the entry into the Release, or which are not brought to ~~include~~the inattention of the New ~~Joint~~Directors ~~Venture~~or the Company by 5:00 P.M. Central Standard Time, on September 30, 2007 (the “Extension”).

~~Agreement~~Additionally, in connection with the Release, Mr. Maxwell personally agreed, to ~~Stay~~the ~~Interest~~best of his ~~From~~ability, ~~Accruing~~to oncooperate ~~Jacobs’~~with ~~Note~~us in connection with an audit of us and Texaurus; to provide a list of the known liabilities of the Company which Mr. Maxwell was aware of; and to personally certify the accuracy and completeness any financial statements which the Company prepares covering the time period during which Mr. Maxwell was President of the Company, in a form similar to the Certification Of Chief Executive Officer and Chief Financial Officer Pursuant To Section 302 of The Sarbanes-Oxley Act Of 2002 and Certification of Chief Executive Officer; and (ii) Certification of Chief Financial Officer Pursuant To 18 U.S.C. Section 1350, as Adopted Pursuant To Section 906 Of The Sarbanes-Oxley Act Of 2002, which reporting companies are required to file as attachments to each periodic filing with the Commission.

OnMr. ~~or about~~Maxwell ~~June~~also 5,agreed ~~2007,~~pursuant weto ~~entered~~the ~~into~~terms anof ~~Agreement~~the ~~with~~Release ~~Jacobs~~that ~~Oil~~any &options ~~Gas~~which ~~Limited,~~he ~~which~~vested ispursuant ~~controlled~~to bythe ~~Frank~~June ~~Jacobs,~~2006 ~~our~~options ~~Chief~~which ~~Financial~~he ~~Officer~~was ~~and~~granted by us would ~~Director~~expire ~~(“Jacobs”),~~if ~~pursuant~~unexercised toon ~~which~~August ~~Jacobs~~1, ~~agreed~~2007; and that nowe ~~interest~~owe ~~would~~him beno rights to ~~due~~contribution ~~from us and/~~or ~~accrue~~indemnification onin ~~the~~connection ~~principal~~with orhis ~~accrued~~service ~~interest~~ to ~~date~~the ~~on his~~Company. ~~outstanding~~Mr. ~~Promissory~~Maxwell ~~Note~~also ~~for~~certified that the ~~period~~shares of ~~one~~common ~~(1)~~stock ~~year~~granted ~~from~~to ~~the date of~~LOGI ~~the~~were ~~Agreement.~~issued ~~The~~for ~~principal~~valid ~~amount~~consideration ofand ~~the~~fully ~~Promissory~~paid ~~Note~~and ~~totals~~non-assessable ~~$493,643.77~~ (~~not~~the ~~including any accrued and unpaid interest~~“Certification”). Additionally, ~~which~~pursuant ~~amount~~to ~~may~~the ~~include~~terms ~~capital~~of the Release, ~~advances~~we ~~made~~agreed to ~~the~~indemnify ~~Company,~~Mr. ~~fees~~Maxwell ~~paid~~and by Mr. ~~Jacobs~~Jehle onagainst ~~behalf~~any ofdispute ~~the Company~~regarding ~~and~~the ~~accrued~~shares ~~and~~issued ~~unpaid~~to ~~compensation~~LOGI, ~~expenses~~provided inthat ~~connection~~such ~~with~~Certification ~~his~~is ~~service to the~~valid ~~Company as an officer~~ and ~~Director~~ correct.

Consulting Agreement

Effective July 1, 2007, we entered into a Consulting Agreement with Nafi Onat, our Director (the “Consulting Agreement”), pursuant to which Mr. Onat agreed to serve as our Director and Vice President of Operations for an initial term of twelve (12) months, which term is renewable month to month thereafter with the mutual consent of the parties. Pursuant to the Consulting Agreement we agreed to pay Mr. Onat $2,500 per month during the term of the Consulting Agreement, to issue him 500,000 restricted shares of common stock in connection with his entry into the Consulting Agreement and 500,000 restricted shares of common stock assuming he is still employed under the Consulting Agreement at the expiration of six (6) months from the effective date of the Consulting Agreement (the “Six Month Issuance”).

Pursuant to the Consulting Agreement, Mr. Onat agreed to travel on our behalf through North America as requested by the Board of Directors for up to twenty-one (21) total days during the initial twelve (12) month term of the Consulting Agreement. Any travel expenses incurred by Mr. Onat will be reimbursed by us. Any additional travel in excess of the twenty-one (21) days provided for in the Consulting Agreement will be undertaken by Mr. Onat, assuming he is available for such travel, and such travel time and expense will be reimbursed by us.

The Consulting Agreement shall terminate:

(a)

in the event Mr. Onat suffers an injury, illness, or incapacity of such character as to prevent him from performing his duties without reasonable accommodation for a period of more than sixty (60) consecutive days upon us giving at least thirty (30) days written notice of termination to him;

(b)

upon Mr. Onat's death;

(c)

at any time because of (i) the conviction of Mr. Onat of an act or acts constituting a felony or other crime involving moral turpitude, dishonesty or theft or fraud; or (ii) his negligence in the performance of his duties under the Consulting Agreement;

(d)

Mr. Onat may terminate his employment for "good reason" by giving us ten (10) days written notice if: (i) he is assigned, without his express written consent, any duties materially inconsistent with his positions, duties, responsibilities, or status with us, or a change in his reporting responsibilities or titles; (ii) his compensation is reduced; or (iii) we do not pay any material amount of compensation due under the Consulting Agreement and then fails either to pay such amount within the ten (10) day notice period required for termination hereunder or to contest in good faith such notice; or

(e)

at any time without cause.

In the event of the termination of Mr. Onat's employment pursuant to (a), (b) or (c) above, he will be entitled to all payments of salary earned through the date of termination (plus life insurance or disability benefits).

In the event of the termination of Mr. Onat's employment pursuant to (d) or (e) above, he will be entitled to the compensation earned by him as of the date of such termination plus the Six Month Issuance, even if such Six Month Issuance had not vested as of the date of the termination (plus life insurance or disability benefits).

Under the Consulting Agreement, we agreed to indemnify and hold harmless Mr. Onat, his nominees and/or assigns against any and all losses, claims, damages, obligations, penalties, judgments, awards, liabilities, costs, expenses and disbursements (incurred in any and all actions, suits, proceedings and investigations in respect thereof and any and all legal and other costs, expenses and disbursements in giving testimony or furnishing documents in response to a subpoena or otherwise), including without limitation, the costs, expenses and disbursements, as and when incurred, of investigating, preparing or defending any such action, suit, proceeding or investigation that is in any way related to his employment with us (whether or not in connection with any action in which he is a party). Such indemnification does not apply to acts performed by Mr. Onat, which are criminal in nature or a violation of law. We also agreed that he shall not have any liability (whether direct or indirect, in contract or tort, or otherwise) to us, for, or in connection with, the engagement of Mr. Onat under the Consulting Agreement, except to the extent that any such liability resulted primarily and directly from his gross negligence and willful misconduct.

ITEM 3.02.

UNREGISTERED SHARES OF EQUITY SECURITIES.

On or about ~~May~~July 159, 2007, we ~~agreed~~sold ~~to issue Valeska 15~~1,~~200~~000,000 ~~restricted~~ shares of our common stock to Camecc A/S, a Norwegian company, in consideration for ~~and~~$12,500 inor ~~connection~~$0.0125 ~~with~~per ~~its~~share. ~~entry into~~We ~~the~~also ~~Management~~agreed ~~Agreement,~~to ~~described~~provide ~~above,~~Camecc ~~which~~A/S ~~shares~~piggy-back ~~have~~registration ~~not~~rights ~~been~~in ~~issued~~connection towith ~~date~~the sale. We ~~will~~ claim an exemption from registration afforded by Section 4(2) of the Securities Act of 1933, ~~as amended~~ for the above issuance, since the issuance ~~will~~ did not involve a public offering, the recipient ~~will~~took ~~take~~ the securities for investment and not resale and the Company ~~will~~took ~~take~~ appropriate measures to restrict transfer. No underwriters or agents ~~will~~were be involved in the issuance and no underwriting discounts or commissions ~~will~~were be paid by the Company.

OnIn orJuly ~~about June 5,~~ 2007, we ~~sold~~agreed ~~18,000,000 shares of our common stock~~ to ~~Hobart Global~~issue ~~Limited,~~Mr. aNafi ~~British~~Onat ~~Virgin~~an ~~Islands~~aggregate ~~company,~~of ~~in consideration for $225~~500,000 restricted shares orof ~~$0.0125~~our ~~per~~common ~~share.~~stock Wein ~~also~~connection ~~agreed~~with tohis ~~provide~~entry ~~Hobart~~into ~~piggy-back~~the ~~registration~~Consulting Agreement ~~rights~~(described ~~in connection with the sale~~above). We claim an exemption from registration afforded ~~afforded~~ by Section 4(2) of the Securities Act of 1933, for the above issuance, since ~~since~~ the issuance did not involve a public offering, the recipient took the securities ~~securities~~ for investment and not resale and the Company took appropriate measures to restrict transfer. No underwriters or agents were involved in the issuance ~~issuance~~ and no underwriting discounts or commissions were paid by the Company.

~~It is anticipated~~ITEM that we will receive an additional $60,000, pursuant to a subscription agreement for 4,800,000 shares of our restricted common stock shortly after the filing of this report, of which there can be no assurance3. We will claim an exemption from registration afforded by Section 4(2) of the Securities Act of 1933, as amended for the above issuance, since the issuance will not involve a public offering, the recipient will take the securities for investment and not resale and the Company will take appropriate measures to restrict transfer03. NoMATERIAL ~~underwriters~~MODIFICATION orTO ~~agents~~RIGHTS ~~will~~OF beSECURITY ~~involved in the issuance and no underwriting discounts or commissions will be paid by the Company~~HOLDERS.

~~ITEM~~On July 17, ~~4.01.~~2007, ~~CHANGES~~the INCompany's ~~REGISTRANT’S~~Board ~~CERTIFYING~~of ~~ACCOUNTANT~~Directors unanimously agreed by a written consent to action without a meeting, to adopt a Certificate of Designations for the creation of a Series A preferred stock (the "Series A Preferred Stock").

~~Effective~~The ~~June~~Series 1,A ~~2007,~~Preferred ~~the~~Stock ~~client~~has ~~auditor~~a ~~relationship~~par ~~between~~value ~~Texhoma~~of ~~Energy,~~$0.001 ~~Inc~~per share. The Series A Preferred Stock consists of one thousand (~~the "Company"~~1,000) ~~and~~shares, ~~Jewett~~each having no dividend rights, ~~Schwartz~~no &liquidation ~~Associates~~preference, ~~Certified~~and ~~Public~~no ~~Accountants ("JSA")~~conversion ~~was~~or ~~terminated~~redemption rights. However, ~~Effective~~the ~~June~~one thousand (1,000) ~~2007,~~shares ~~the~~of ~~Company~~Series ~~engaged~~A ~~GLO~~Preferred ~~CPAs~~Stock have the right, voting ~~LLP~~in aggregate, ~~Certified~~to ~~Public~~vote ~~Accountants~~on ~~("GLO")~~all asshareholder ~~its~~matters ~~principal~~equal ~~independent~~to ~~public~~fifty-one percent (51%) ~~accountant~~of ~~for~~ the ~~fiscal~~total ~~year~~vote. ~~ended~~For ~~September 30~~example, ~~2007,~~if ~~and~~there ~~the~~are ~~audit~~10,000,000 shares of the Company’'s common ~~previously~~stock ~~unaudited~~issued and ~~unfiled~~outstanding ~~September~~at ~~30,~~the ~~2005~~time ~~and~~of ~~2006~~a ~~financial~~shareholder vote, the ~~statements.~~holders ~~The~~of ~~decision~~Series toA ~~change~~Preferred ~~accountants~~Stock, ~~was~~voting ~~recommended~~separately ~~and~~as ~~approved~~a class, will have bythe ~~the~~right ~~Company's~~to ~~Board~~vote an aggregate of ~~Directors~~10,400,000 onshares, ~~June~~out 1of a total number of 20,400,000 ~~2007~~shares voting.

~~While~~Additionally, ~~JSA never~~the ~~issued~~Company ashall ~~report~~not onadopt ~~the~~any ~~financial~~amendments ~~statements~~to of the Company~~, JSA~~'s ~~review~~Bylaws, Articles of Incorporation, ~~our~~as amended, ~~and~~make ~~restated~~any ~~financial~~changes ~~statements~~to ~~for~~ the ~~periods~~Certificate ~~ended~~of ~~March 31~~Designations, ~~2005~~or ~~and~~effect ~~June~~any ~~30,~~reclassification ~~2005,~~of ~~and~~the ~~any~~Series ~~later~~A ~~interim~~Preferred ~~period~~Stock, upwithout tothe affirmative ~~and~~vote ~~including~~of at least 66-2/3% of the outstanding shares of Series A ~~date~~Preferred ~~the~~Stock. ~~relationship~~However, ~~with~~the ~~JSA~~Company ~~ceased~~may, ~~did~~by ~~not~~any ~~contain~~means ~~any~~authorized ~~adverse~~by ~~opinion~~law and ~~or disclaimer~~without any vote of ~~opinion~~the ~~and~~holders ~~was~~of ~~not~~shares ~~qualified~~of Series A Preferred Stock, make technical, corrective, administrative or ~~modified~~similar aschanges to ~~uncertainty,~~the Certificate ~~audit~~of ~~scope~~Designations orthat ~~accounting~~do ~~principles~~not, ~~except~~individually ~~for~~or ~~concerns~~in ~~about~~ the ~~Company's~~aggregate, ~~ability~~adversely affect tothe rights ~~continue~~or aspreferences aof ~~going~~the ~~concern~~holders of shares of Series A Preferred Stock.

InOn ~~connection~~or about July 26, 2007, with ~~the~~an ~~review~~effective date of ~~our~~July ~~restated~~31, ~~financial~~2007, ~~statements~~we ~~for~~entered ~~the~~into ~~quarterly~~a Termination ~~periods~~of ~~ended~~Lease ~~December~~Agreement ~~31,~~(the ~~2004,~~“Termination ~~March~~Agreement”) ~~31,~~with ~~2005~~our ~~and June 30, 2005,~~landlord ~~and any~~at ~~later~~2200 ~~interim~~Post ~~period~~Oak Blvd., ~~including~~Suite ~~the~~340, ~~interim~~Houston, ~~period~~Texas up77056 to(the ~~and~~“Post ~~including~~Oak ~~the date~~Office”). Pursuant to the ~~relationship~~terms ~~with~~of ~~JSA~~the ~~ceased~~Termination Agreement, ~~there~~we ~~were~~and the nolandlord ~~disagreements~~agreed ~~between JSA and~~to terminate the ~~Company~~lease on athe ~~matter~~Post ofOak ~~accounting~~Office ~~principles or practices~~space, ~~financial~~and ~~statement~~we agreed ~~disclosure,~~to orpay ~~auditing~~the ~~scope~~landlord orapproximately ~~procedure~~$4,090 ~~which~~as ~~disagreement~~a termination fee, if$3,331 ~~not~~as ~~resolved~~payment toof ~~the~~past ~~satisfaction~~due ofrental ~~JSA~~fees; ~~would~~and ~~have~~we ~~caused~~also ~~JSA~~agreed to ~~make~~forfeit ~~reference~~any right to toour ~~the~~security ~~subject~~deposit ~~matter~~ of ~~the~~approximately ~~disagreement~~$1,578 inheld ~~connection~~by ~~with~~the ~~its~~landlord ~~report~~pursuant onto the ~~Company's~~terms ~~financial~~of ~~statements~~our lease in connection with such Termination Agreement.

~~There have~~ITEM ~~been~~5.02. noDEPARTURE ~~reportable~~OF ~~events~~DIRECTORS asOR ~~provided~~PRINCIPAL inOFFICERS; ~~Item~~ELECTION ~~304(a)(1)(iv)(B)~~OF ~~of Regulation~~DIRECTORS; ~~S-B~~APPOINTMENT ~~during~~OF ~~the~~PRINCIPAL Company's fiscal years ended September 30, 2005 and September 30, 2006, and any later interim period, including the interim period up to and including the date the relationship with JSA ceasedOFFICERS.

~~The~~On ~~Company has authorized JSA to respond fully to any inquiries of any new auditors~~July ~~hired~~26, by2007, the ~~Company~~Board ~~relating~~of toDirectors ~~their~~appointed ~~engagement~~Daniel asVesco, ~~the~~our ~~Company's~~Chief ~~independent~~Executive ~~accountant.~~Officer ~~The Company has requested that JSA review the disclosure~~ and ~~JSA has been given an opportunity to furnish the Company with~~ a ~~letter~~Director ~~addressed~~as ~~to the Commission~~interim ~~containing~~Chief ~~any~~Financial ~~new~~Officer ~~information,~~and ~~clarification~~William ~~of the Company's~~M. ~~expression of its views~~Simmons, orour ~~the~~President ~~respect~~and inDirector ~~which it does not agree with the statements made by the Company herein. Such letter has not been received~~ as of ~~the~~Treasurer ~~filing of this Report~~ and ~~will~~Secretary ~~be filed as an exhibit to this Report~~of ~~on an amended form 8-K upon receipt~~us.

~~The Company~~ITEM ~~has~~5.03. ~~not~~AMENDMENTS ~~previously~~TO ~~consulted~~ARTICLES ~~with~~OF ~~GLO~~INCORPORATION ~~regarding~~OR ~~either (i) the application of accounting principles to a specific completed or contemplated transaction~~BYLAWS; ~~(ii)~~CHANGE ~~the~~IN ~~type~~FISCAL of audit opinion that might be rendered on the Company's financial statements; or (iii) a reportable event (as provided in Item 304(a)(iv)(B) of Regulation S-B) during the Company's fiscal years ended September 30, 2005 and September 30, 2006, and any later interim period, including the interim period up to and including the date the relationship with JSA ceasedYEAR. GLO has reviewed the disclosure required by Item 304 (a) before it was filed with the Commission and has been provided an opportunity to furnish the Company with a letter addressed to the Commission containing any new information, clarification of the Company's expression of its views, or the respects in which it does not agree with the statements made by the Company in response to Item 304 (a). GLO did not furnish a letter to the Commission.

~~ITEM~~On or about ~~5.02~~July ~~DEPARTURE~~17, OF2007, ~~DIRECTORS~~we ORfiled ~~PRINCIPAL~~a Certificate of Amendment to our Articles of ~~OFFICERS;~~Incorporation ~~ELECTION~~with OFthe ~~DIRECTORS;~~Secretary ~~APPOINTMENT~~of OFState ~~PRINCIPAL~~of Nevada to amend our Certificate ~~OFFICERS~~of Incorporation to include the Series A Preferred Stock designation described above.

~~On June 4,~~ITEM ~~2007, our Board of Directors, then consisting solely of Frank A~~9. ~~Jacobs, appointed William M~~01. ~~Simmons~~FINANCIAL ~~and~~STATEMENTS ~~Daniel~~AND ~~Vesco as Directors of the Company~~EXHIBITS. ~~Mr. Simmons and Mr. Vesco accepted the appointments as Directors of the Company.~~

On June 4, 2007, the Board of Directors also appointed Mr. Simmons as President of the Company; Mr. Jacobs as Chief Financial Officer of the Company; and Mr. Vesco as Chief Executive Officer of the Company.

Exhibit Number	Description of Exhibit
3.1*	Series A Preferred Stock Designation
10.1*	Voting Agreement
10.2*	Voting Agreement with LOGI
10.3*	First Amendment to Voting Agreement with LOGI
10.4*	Cooperation Agreement and Mutual Release
10.5*	Consulting Agreement with Nafi Onat

William “Mike” Simmons, age 53, currently serves as the Chief Executive Officer and President of Valeska Energy Corp., which position he has held since June, 2006, and as President of Loosbrock Offshore International, Inc., which position he has held since April 1987, and which company is engaged in the offshore drilling industry as a consultant and broker. From June 2005 until May 2006, Mr. Simmons served as Senior Editor and leader of the energy group for Off The Record Research, LLC, a registered investment advisor and broker dealer firm. Mr. Simmons obtained his Bachelors degree from Texas A&M University in College Station, Texas in Geography in 1980.

Daniel Vesco, age 53, has been Managing Director of Asset Solutions (Hong Kong) Limited, a Hong Kong based boutique investment bank for the past 7 years and is a resident of Hong Kong. Asset Solutions is engaged in corporate advisory, Mergers and Acquisitions and institutional (non retail) fund raising activities principally focused on Asia, including China.

It is currently anticipated that Mr. Jacobs will resign as an officer and Director of the Company once the Company is current in its reporting obligations with the Commission, of which there can be no assurance.

Mr. Simmons and Mr. Vesco are involved in business interests separate from their involvement with the Company, including but not limited to Valeska. As a result, it is possible that the demands on Mr. Simmons and Mr. Vesco from these other businesses could increase with the result that they may not have sufficient time to devote to our business. We do not have an employment agreement with Mr. Simmons or Mr. Vesco and they are under no requirement to spend a specified amount of time on our business. As a result, they may not spend sufficient time in their roles as executive officers and Directors of our company to realize our business plan. If they do not have sufficient time to serve our company, it could have a material adverse effect on our business and results of operations. Furthermore, Mr. Simmons and Mr. Vesco are under no obligation to include us in any transactions which they undertake. As a result, we may not benefit from connections they make and/or agreements they enter into while employed by us, and they may profit from transactions which they undertake while we do not.

Finally, while the Management Agreement currently anticipates a three month term (one month of which has already passed), it is likely that it will take substantially longer to complete the required audits and reviews of our financial statements and to bring us current in our filings with the Commission. As Valeska is currently being paid $10,000 per month, or 15% of our revenues (as defined above) whichever is greater, the total cost to the Company of the Management Agreement if it were to continue for more than three months, and/or in the event we need to renegotiate the agreement in the future could be substantial.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit Number	Description of Exhibit
10.2*	Agreement Regarding Frank A. Jacobs’ Note
10.3*	Joint Venture Relationship Agreement
10.4*	Management Services Agreement with Valeska and Amendment thereto
10.5(1)	Jacobs Oil & Gas Limited Promissory Note

* Filed herewith.

SIGNATURES

Pursuant to the requirement of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

TEXHOMA ENERGY, INC.

/s/ Daniel Vesco

Daniel Vesco

Chief Executive Officer

~~June~~July 730, 2007

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