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

 

 

Date of Report (Date of earliest event reported): May 26, 2005

 

CASTLEGUARD ENERGY, INC.

(Exact name of registrant as specified in its charter)

 

 

Florida

0-5525

75-2789691

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification Number)

 

 

 

 

 

 

17768 Preston Road

Dallas, Texas

75252

(Address of principal executive offices)

(Zip Code)

 

 

 

 

Registrant's telephone number, including area code: (214) 647-2110

                                                                                         

 
 

 

ITEM 2.01.     ACQUISITION OR DISPOSITION OF ASSETS

 

On May 26, 2005, Castleguard Energy, Inc. (the "Company") sold the Company's working interest in the Little Cedar Creek Unit in Alabama for a cash sales price of $72,550.00. The sales proceeds will be used to meet current obligations with any remainder added to the Company's working capital. Sale proceeds will be credited to the Company's pool of property and equipment with no gain or loss recognized on the sale.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on June 3, 2005 on its behalf by the undersigned, thereto duly authorized.

 

 

CASTLEGUARD ENERGY, INC.

 

 

 

 

 

By:   /s/ Harvey Jury                                    

 

        Harvey Jury
        Director and President