UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-QSB  [ x ]
        QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch 31, 2005OR[     ]
        TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACTFor the transition period from __________ to ___________  Commission File Number 000-33193 TEXEN OIL & GAS, INC. (Exact name of small business issuer as specified in its charter.) Nevada
        90-0082485(State or other jurisdiction of incorporation or organization)
        (IRS Employer Identification No.)  2401 Fountain View Drive Suite 1008 Houston, Texas 77057 (Address of principal executive offices) (713) 782-5758 (Issuer's telephone number)  Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [ x ] No [     ]   1     PART I  -  FINANCIAL INFORMATION

TEXEN OIL & GAS, INC.

CONSOLIDATED BALANCE SHEETS


March 31,2005(Unaudited)
        
        
        December 31,2004ASSETSCURRENT ASSETSCash
        $
        47,788
        
        $
        121,731Accounts receivable
        
        147,825
        
        
        -Accrued oil and gas sales
        
        29,255
        
        
        37,982Total Current Assets
        $
        224,868
        
        $
        159,713OIL AND GAS PROPERTIES, ON THE BASIS OF SUCCESSFUL EFFORTS ACCOUNTINGUnproved property
        
        147,108
        
        
        147,108Proved Property, developed and undeveloped wells, related equipment and facilities
        
        26,015,406
        
        
        26,015,406Less accumulated depreciation, depletion, and amortization and impairments
        
        (24,517,682)
        
        
        (24,466,051)Net Oil and Gas Properties
        
        1,644,832
        
        
        1,696,463OTHER PROPERTY AND EQUIPMENTOther property and equipment
        
        13,439
        
        
        178,564Less accumulated depreciation
        
        (2,671)
        
        
        (98,532)Total Other Property and Equipment
        
        10,768
        
        
        80,032OTHER ASSETSManagement Rights
        
        -
        
        
        15TOTAL ASSETS
        $
        1,880,468
        
        $
        1,936,223See condensed notes to interim financial statements.

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TEXEN OIL & GAS, INC.

CONSOLIDATED BALANCE SHEETS (continued)


March 31,2005(Unaudited)
        
        
        December 31,2004LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)CURRENT LIABILITIESAccounts payable
        $
        836,080
        
        $
        879,850Accounts payable - related party
        
        1,330,110
        
        
        1,338,890Notes payable
        
        516,300
        
        
        475,000Total Current Liabilities
        
        2,682,490
        
        
        2,693,740TOTAL LIABILITIES
        $
        2,682,490
        
        $
        2,693,740SHAREHOLDERS' EQUITY (DEFICIT)Common stock, 100,000,000 shares authorized, $0.00001 par value, 99,115,866 Shares issued and outstanding
        
        991
        
        
        983Additional paid-in capital
        
        30,589,136
        
        
        30,490,794Stock options
        
        95,175
        
        
        95,175Accumulated deficit
        
        (31,487,324)
        
        
        (31,344,469)TOTAL STOCKHOLDERS' EQUITY (DEFICIT)
        
        (802,022)
        
        
        (757,517)TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
        $
        1,880,468
        
        $
        1,936,223

See condensed notes to interim financial statements.

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TEXEN OIL & GAS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS


Three Months EndedMarch 312005(Unaudited)
        
        
        2004(Unaudited)REVENUESOil and gas sales
        $
        145,882
        
        $
        69,744Drilling revenues
        
        -
        
        
        19,300TOTAL REVENUES
        
        145,882
        
        
        89,044COST OF REVENUESDrilling costs
        
        -
        
        
        42,736GROSS PROFITS FROM DRILLING AND PRODUCTION
        $
        145,882
        
        $
        46,308EXPENSESLease operating
        
        83,892
        
        
        54,366Compensation
        
        156,193
        
        
        200,000General and administrative expense
        
        47,299
        
        
        15,162Legal and accounting
        
        24,376
        
        
        6,900Depreciation, depletion and amortization
        
        52,459
        
        
        121,332Production taxes included in lease operating
        
        3,588
        
        
        4,384TOTAL EXPENSES
        $
        367,807
        
        $
        402,144OPERATING LOSS
        $
        (221,925)
        
        $
        (355,836)OTHER INCOME AND EXPENSESGain on Disposal of Assets
        
        80,049
        
        
        -Interest and finance expenses
        
        (978)
        
        
        (61,100)TOTAL OTHER INCOME AND  EXPENSES
        $
        79,071
        
        $
        (61,100)LOSS BEFORE INCOME TAXES
        $
        (142,854)
        
        $
        (416,936)INCOME TAXES
        
        -
        
        
        -NET LOSS
        $
        (142,854)
        
        $
        (416,936)NET LOSS PER COMMON SHARE, BASIC    AND DILUTED
        $
        nil
        
        $
        (0.01)WEIGHTED AVERAGE NUMBER OF    COMMON STOCK SHARES    OUTSTANDING, BASIC AND DILUTED
        
        98,740,866
        
        
        59,870,420

See condensed  notes to interim financial statements.

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4



TEXEN OIL & GAS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS


Three Months EndedMarch 312005(Unaudited)
        
        
        2004(Unaudited)CASH FLOWS FROM OPERATING ACTIVITIESNet loss
        $
        (142,854)
        
        $
        (416,936)Adjustments to reconcile net loss to net cash used by operating activities:Gain on Sale of Assets
        
        (80,049)
        
        
        -Depreciation, depletion and amortization
        
        52,459
        
        
        121,332Common stock issued for accrued consulting fees
        
        98,350
        
        
        100,000Decrease (increase) in accounts receivable
        
        (147,825)
        
        
        32,044Decrease in advances receivable from related party
        
        -
        
        
        (421)Decrease (increase) in accrued oil and gas sales
        
        8,727
        
        
        (3,145)Decrease in prepaid insurance
        
        -
        
        
        5,826Increase in employee advances
        
        -
        
        
        (650)Increase (decrease) in accounts payable
        
        (43,770)
        
        
        23,837Increase in accounts payable - related party
        
        (8,780)
        
        
        274,168Increase (decrease) in accrued expenses
        
        -
        
        
        9,270Decrease in accrued interest - related party
        
        -
        
        
        (118,771)Net cash provided (used) by operating activities
        $
        (263,742)
        
        $
        26,554CASH FLOWS FROM INVESTING ACTIVITIESProceeds from sale of equipment
        
        148,499
        
        
        1,960Net cash provided by investing activities
        
        148,499
        
        
        1,960CASH FLOWS FROM FINANCING ACTIVITIESProceeds from notes payable
        
        41,300
        
        
        -Proceeds from loans payable - related parties
        
        -
        
        
        437,285Payment to related party payable
        
        -
        
        
        (459,801)Net cash provided (used) by financing activities
        
        41,300
        
        
        (22,516)Net increase (decrease) in cash
        
        (73,943)
        
        
        5,998Cash, beginning of period
        
        121,731
        
        
        7,604Cash, end of period
        $
        47,788
        
        $
        13,602See notes to interim financial statements.

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TEXEN OIL & GAS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)


Three Months EndedMarch 312005(Unaudited)
        
        
        2004(Unaudited)SUPPLEMENTAL DISCLOSURES:Interest paid
        $
        -
        
        $
        -Income taxes paid
        $
        -
        
        $
        -NON-CASH INVESTING AND FINANCING TRANSACTIONS:Stock issued for accrued consulting fees
        $
        98,350
        
        $
        100,000Stock Issued for related party note payment
        $
        -
        
        $
        1,489,988See notes to interim financial statements.

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TEXEN OIL & GAS, INC.



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2005



NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Basis of Presentation

The foregoing unaudited interim condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with rules set forth in Regulation SB as promulgated by the Securities and Exchange Commission (SEC).  Accordingly, these statements do not include all disclosures required by generally accepted principles in the United States of America and should be read in conjunction with the audited financial statements for the transitional period ended December 31, 2004.  In the opinion of management, all required adjustments, which consist of normal recurring accruals, have been made to the financial statements.  The results of operations for the three months ended March 31, 2005, are not necessarily indicative of the results that may be expected for the year ending December 31, 2005.

TexEn Oil & Gas, Inc. (hereinafter "TexEn" or "the Company") filed for incorporation on September 2, 1999 under the laws of the State of Nevada primarily for the purpose of acquiring, exploring, and developing mineral properties. The Company changed its name from Palal Mining Corporation to TexEn Oil & Gas, Inc. on May 15, 2002 upon obtaining approval from its shareholders and filing an amendment to its articles of incorporation. The Company shall be referred to as "TexEn" or "TexEn Oil & Gas, Inc." even though the events described may have occurred while the Company's name was Palal Mining Corporation. The Company's fiscal year end is December 31.

On July 1, 2002, TexEn developed a plan for acquisition, development, production, exploration for, and the sale of, oil, gas and natural gas liquids and accordingly ended its exploration stage as a mineral properties exploration company. The Company sells its oil and gas products primarily to domestic pipelines and refineries. These acquisitions were accounted for using the purchase method. Prior to this, TexEn conducted its business as an exploration stage company, meaning that it intended to acquire, explore and develop mineral properties.

The Company's wholly owned subsidiaries consist of Texas Brookshire Partners, Inc. ("Brookshire"), Texas Gohlke Partners, Inc, ("Gohlke"), Brookshire Drilling Services, Inc. ("Drilling"), Yegua, Inc. ("Yegua") and BWC Minerals, LLC ("BWC").





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TEXEN OIL & GAS, INC.



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2005

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies is presented to assist in understanding the financial statements. The financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements.

Accounting Method

The Company uses the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America.

Use of Estimates

The process of preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements. Accordingly, upon settlement, actual results may differ from estimated amounts.

Property and Equipment

Support equipment, trucks etc. are other property and equipment and other property equipment are carried at cost. Depreciation is computed on the straight-line method over the estimated useful lives of the related assets, which range from five to twenty years.

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.

As shown in the accompanying financial statements, the Company incurred a net loss in the amount of$142,854. during the three months ended March 31, 2005 and has an accumulated deficit of $31,487,324 as of March 31, 2005. These factors raise substantial doubt about the company continuing as a going concern. The Companys management have plans for additional equity and debt investments to provide capital for future development operations.





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TEXEN OIL & GAS, INC.



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2005



NOTE 3  COMMON STOCK



During the quarter ended March 31, 2005, the Company issued a total of 750,000 shares of its common stock as follows; 250,000 shares issued to Newport Capital Corp. for consulting services and 500,000 shares issued to Lima Capital, Inc. for consulting services. The value of these securities total $98,350 posted as additions to the Companys equity accounts based upon the current fair market price of the Companys stock.



NOTE 4  RELATED PARTIES



On May 17, 2005, Texen Holdings LLC, an entity controlled by the President, Mr. Fimrite acquired a 100% control position from Tatiana Golovina  for consideration of $3,500,000 paid by a promissory note. A Form  8-k advising of the change of control was filed on May 19, 2005.



NOTE 5  COMMITMENTS AND CONTINGENCIES



Regulatory Issues

The oil and gas exploration and development industry is inherently speculative and subject to complex environmental regulations.   The Company is unaware of any pending litigation or of past or prospective environmental matters which could impair the value of its properties.



Consulting Agreements

During the Quarter ending March 31, 2005, the Company entered into various consulting agreements and issued 750,000 shares for administrative, advisory, operations management and accounting services.(See Note 3)



Leases

The Company has a lease on office space requiring payments of $1,607 per month through November 30, 2005. The lease obligations are $17,677 for the residual lease term ending November 30, 2005.



NOTE 6  OIL AND GAS PROPERTIES



The Companys oil and gas producing activities are subject to laws and regulations controlling not only their exploration and development, but also the effect of such activities on the environment.  Compliance with such laws and regulations may necessitate additional capital outlays, affect the economics of a project, and cause changes or delays in the Companys activities.  The Companys oil and gas properties are valued at the lower of cost or net realizable value.





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TEXEN OIL & GAS, INC.



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2005



NOTE 7  CONCENTRATION OF RISK



The Company derives its sales and accounts receivable from primarily two customers and these receivables are not collateralized.  At March 31, 2005, the Companys accounts receivable from these customers totaled $29,255.



NOTE 8  STOCK OPTIONS



During the quarter ending March 31, 2005, 750,000 shares were granted to consultants under the 2003 Nonqualified Stock Option Plan of Texen Oil & Gas, Inc. and the options were exercised. The Company had no outstanding exercisable stock options as of March 31, 2005.



NOTE 9  INCOME TAXES



At March 31, 2005 and December 31, 2004, the Company had net deferred tax assets of approximately $1,260,000 and $1,250,000, calculated at projected income tax rates of 34%.  The deferred tax assets are principally derived from net operating loss carryforwards for income tax purposes.  As management of the Company cannot determine that it is more likely than not that the Company will realize the benefit of the net deferred tax asset, a valuation allowance equal to the net deferred tax asset has been recorded at March 31, 2005 and December 31, 2004.  The significant components of the deferred tax assets at March 31, 2005 and December 31, 2004 are as follows:




March31, 2005
        
        December 31,2004Net operating loss carry forward before adjustments
        $
        28,080,155
        $
        27,937,301Less: Stock options issued under an unqualified plan
        
        (1,446,600)
        
        (1,348,250)Less: Impairment of assets
        
        (22,912,697)
        
        (22,912,697)Effective net operating loss carry forward
        
        3,720,858
        
        3,676,414Expected tax rate
        
        34%
        
        34%Deferred tax asset
        
        1,260,000
        
        1,250,000Deferred tax asset valuation allowance
        
        (1,260,000)
        
        (1,250,000)Deferred tax asset after valuation allowance
        $
        -
        $
        -

At March 31, 2005 the Company has net operating loss carry forwards of $ 3,720,000.





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TEXEN OIL & GAS, INC.



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2005



NOTE 10  SUBSEQUENT EVENTS



Effective May 17, 2005, Texen Holdings LLC, an entity controlled by D. Elroy Fimrite, the Registrants President, has acquired an aggregate of 47,165,664 of the Registrants common shares from one of the Registrants directors, Tatiana Golovina, in consideration for the issuance of a promissory note with a value of $3,500,000.  The promissory note does not bear interest and is due and payable on September 30, 2005.  As a result of the acquisition, Texen Holdings LLC holds 47,165,664 common shares, representing 47.95% of the Registrants issued and outstanding common shares.





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Item 2.
        Management's Discussion and Analysis or Plan of Operation.This discussion includes a number of forward looking statements that reflect our current views with respect to future events and financial performance. Forward looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward looking statements, which apply only as of the date of this discussion. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

Overview

Our Company was formed in September 1999 as a mining Company and we changed our business to the production of oil and gas in May 2002. During our development stage we experienced the difficulties typical to new business development and as a result experienced significant operating losses. In November 2004 we commenced a management reorganization culminating in the May 17, 2005 resignation of our interim directors and officers. We expect to appoint additional directors shortly and will build a permanent management team as the company revenues and operations permit.

We own leasehold oil and gas interests in two fields in DeWitt, Victoria and Warren Counties, Texas. We are engaged in an agreement with Durango Resources Corp for a reservoir analysis on the Helen Gohlke field and believe that the field may contain significant additional reserves. We are currently pursuing remediation of deferred maintenance on both fields and are realizing improvements in production of oil and gas as a result. We believe that the Company will be able to increase production and sales while reducing lifting costs and administration. We believe that these factors will rapidly contribute to improved profitability.

Results from Operations

We improved our quarterly performance in the quarter  with a reduction in the quarterly loss by nearly $300,000 as compared to the quarter ending March 31, 2004. Our source of operating revenue is from the sale of produced oil, natural gas, and natural gas liquids. The level of our revenues and earnings are affected by prices at which natural gas, oil and natural gas liquids are sold. Therefore, our operating results for any prior period are not necessarily indicative of future operating results because of fluctuations in price and production levels.

Revenue

Our oil and gas revenues more than doubled over the equivalent period in 2004 due to a combination of increased gas sales and higher prices. Our revenues have been reduced over prior periods due to deferred maintenance causing reduced production. In the current quarter we are executing on a remedial program and expect production increases to be reflected by the end of this quarter.

We completed the disposal of our drilling equipment resulting in a gain on disposal of $80,049.





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Capital Expenditure



We did not make any capital expenditures in the quarter ended March 31, 2005.



Depreciation, Depletion and Amortization



Depreciation and depletion have decreased significantly as a result of reserve adjustments recorded in 2004.



Production Expenses



Production costs as a percentage of revenue has decreased by 23% relative to the comparable quarter ending March 31, 2004. This decrease is partly reflective of achieved efficiencies and partly relates to increased hydrocarbon prices.



General and Administrative Expenses



We experienced comparable compensation, general and administration expenses during the quarter compared to the comparable quarter in 2004. We expect to reduce general and administration expense during 2005 as our new management team addresses administrative efficiencies.



Exploration Outlook

We are currently focusing operations on improving production from our existing wells and are not currently committed to an exploration and drilling program.

Financial Condition, Liquidity and Capital Resources

We continue to rely on equity investments or debt increases to finance our operations. We expect to continue operations and believe that with increasing production and lower operating costs we will be able to attract capital as required.



Recent Accounting Pronouncements

In May 2003, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 150, "Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity" (hereinafter "SFAS No. 150"). SFAS No. 150 establishes standards for classifying and measuring certain financial instruments with characteristics of both liabilities and equity and requires that those instruments be classified as liabilities in statements of financial position. Previously, many of those instruments were classified as equity. SFAS No. 150 is effective for financial instruments entered into or modified after May 31, 2003 and otherwise is effective at the beginning of the first interim period beginning after June 15, 2003. The Company has not yet determined the impact of the adoption of this statement.

In April 2003, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 149, "Amendment of Statement 133 on Derivative Instruments



13



and Hedging Activities" (hereinafter "SFAS No. 149"). SFAS No. 149 amends and clarifies the accounting for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities under SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities". This statement is effective for contracts entered into or modified after June 30, 2003 and for hedging relationships designated after June 30, 2003. The adoption of SFAS No. 149 is not expected to have a material impact on the financial position or results of operations of the Company as the Company has not issued any derivative instruments or engaged in any hedging activities as of June 30, 2004.


Item 3.
        Controls and Procedures.As required by Rule 13a-15 under the Exchange Act, as of the end of the period covered by this quarterly report, being March 31, 2005, we have carried out an evaluation of the effectiveness of the design and operation of our company's disclosure controls and procedures.  This evaluation was carried out under the supervision and with the participation of our company's management, including our company's President along with our company's Secretary.  Based upon that evaluation, our company's President along with our company's Secretary concluded that our company's disclosure controls and procedures are effective as of the end of the period covered by this report. There have been no significant changes in our internal controls over financial reporting that occurred during our most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect our internal controls over financial reporting.

Disclosure controls and procedures and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time period specified in the Securities and Exchange Commission's rules and forms.  Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management, including our President and Secretary as appropriate, to allow timely decisions regarding required disclosure.



PART II  -  OTHER INFORMATION


Item  1.
        Legal Proceedings.The company is involved in several litigations and have described these involvements more certainly in our December 31, 2004 10KSB.


Item  2.
        Unregistered Sales of Equity Securities and Use of Proceeds.None.


Item  3.
        Defaults Upon Senior Securities.None.



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Item  4.
        Submission of Matters to a Vote of Security Holders.None.


Item  5.
        Other Information.None.


Item 6.
        Exhibits.


ExhibitNumber
        Description3.1
        Articles of Incorporation (1)3.2
        Bylaws (1)3.3
        Amendment to the Articles of Corporation (2)3.4
        Articles of Incorporation of Texas Brookshire Partners, Inc.(6)3.5
        Bylaws of Texas Brookshire Partners (6)3.6
        Articles of Incorporation of Texas Gholke Partners, Inc. (6)3.7
        Bylaws of Texas Gohlke Partners, Inc. (6)4.1
        Specimen Stock Certificate (1)10.1
        Stock Purchase Agreement (2)10.2
        Share Exchange Agreement (4)10.3
        Stock Purchase Agreement and Assignment of Interest from Sanka, LTD. (Trull Heirs #1 Well) (5)10.4
        Stock Subscription Agreement from Yegua, Inc. (5)10.5
        Stock Subscription Agreement  Brookshire Drilling Service LLC (5)10.6
        Share Exchange Agreement  Texas Gohlke Partners, Inc. (5)10.7
        Stock Subscription Agreement  Sanka LLC (5)10.8
        Assignment of Oil  Sanka Exploration Company (5)10.9
        Stock Subscription Agreement  Sanka Ltd. (6)10.10
        Assignment of Oil  Sank Exploration Company (6)10.11
        2003 Nonqualified Stock Option Plan (7)10.12
        Marketing Contract (8)10.13
        Lease Agreement with Insite Realty for office space (10)10.15
        Stock Purchase Agreement (10)14.1
        Code of Business Conduct and Ethics (9)21.1
        We have the following subsidiaries:Texas Brookshire Partners, Inc.Texas Gohlke Partners, Inc.Brookshire Drilling Service, LLCYegua, Inc.BWC Minerals, L.L.C.31.1*
        Section 302 Certification under Sarbanes-Oxley Act of 2002 for D. Elroy Fimrite32.1*
        Section 906 Certification under Sarbanes-Oxley Act of 2002 for D. Elroy Fimrite

*Filed herewith.



(1)Incorporated by reference to the companys Form SB-2 Registration Statement filed with the Securities and Exchange Commission on January 13, 2000.



15



(2)Incorporated by reference to the companys Form 8-K filed with the Securities and Exchange Commission on February 22, 2002.



(3)Incorporated by reference to the companys Form 8-K filed with the Securities and Exchange Commission on May 17, 2002.



(4)Incorporated by reference to the companys Form 8-K filed with the Securities and Exchange Commission on July 26, 2002.



(5)Incorporated by reference to the companys Form 8-K filed with the Securities and Exchange Commission on September 17, 2002.



(6)Incorporated by reference to the companys Form 8-K filed with the Securities and Exchange Commission on October 4, 2002.



(7)Incorporated by reference to the companys Form S-8 filed with the Securities and Exchange Commission on April 11, 2003.



(8)Incorporated by reference to the companys Form 8-K Registration Statement filed with the Securities and Exchange Commission on July 9, 2003, as amended.



(9)Incorporated by reference to the companys Form 10-KSB Annual Report filed with the Securities and Exchange Commission on November 12, 2003.



(10)      Incorporated by reference to our Form 10-KSB Annual Report filed with the Securities and Exchange Commission on November 30, 2004.



16



SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on this 24thday of May 2005.


TEXEN OIL & GAS, INC.(Registrant)BY:
        /s/ D Elroy FimriteD Elroy Fimrite, President, Principal Executive Officer, Treasurer, Principal Financial Officer and a member of the Board of Directors.





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