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 17, 2010

OCEANIC EXPLORATION COMPANY
(Exact name of registrant as specified in its charter)


Delaware	001-08521	84-0591071
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)


7800 East Dorado Place, Suite 250, Englewood, Colorado		80111
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (303) 220-8330

(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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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

Item 8.01 — Other Events

On May 17, 2010, the United States Supreme Court denied Oceanic’s Petition for a writ of Certiorari.

Oceanic’s Board of Directors has made no determination with respect to alternative actions which could be undertaken in relation to oil and gas rights in the Timor Gap.

The East Timor litigation is described in more detail in Oceanic’s Form 10-K for the year ended December 31, 2009 and Oceanic’s Form 10-Q for the quarter ended March 31, 2010.

SIGNATURE

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.

Dated: May 21, 2010

Oceanic Exploration Company

/s/ Nicole J. Champine
Nicole J. Champine
President

OCEANIC EXPLORATION CO 8-K