UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: ~~March~~June 1427, 2011

~~SILVER~~GULFMARK ~~BUTTE~~ENERGY, ~~COMPANY~~INC.

(Exact Name of registrant as specified in its Charter)


Nevada	001-05970	82-0263301
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


45 NE Loop 410, Ste. 495, San Antonio, TX		78216
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number: (210) 524-9725

~~(Registrant’s~~SILVER ~~telephone~~BUTTE ~~number, including area code)~~COMPANY

601 W. Main Ave., Ste. 1017, Spokane, WA 99201

(~~Former~~Registrant's ~~Name~~former orname ~~Former~~and ~~Address if Changed Since Last Report~~address)

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 below:

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

~~Written~~[ ~~communications~~] Soliciting material pursuant to Rule ~~425~~14a-12 under the ~~Securities~~Exchange Act (17 CFR ~~230~~240.~~425~~14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))

~~Soliciting~~[ ~~material~~] Pre-commencement communications pursuant to Rule ~~14a~~13e-124(c) under the Exchange Act (17 CFR 240~~.14a~~-1213e-4(c))

[Item ] 3.02

~~Pre-commencement~~Unregistered ~~communications~~Sale ~~pursuant~~of toEquity ~~Rule 14d-2(b) under the Exchange Act (17CFR 240-14d-2(b))~~Securities

[On ]June 28, 2011, the Company issued 793,240,633 common shares and 11,000,000 Series “A” Preferred shares representing the balance of common and preferred shares due to the Gulfmark Energy Group shareholders under the terms of the January 12, 2011 acquisition of Gulfmark Energy Group, Inc.

~~Pre-commencement~~Under ~~communications~~the ~~pursuant~~terms of the acquisition, the Company was obligated to ~~Rule~~issue ~~13e-4(c)~~1,072,000,000 ~~under~~shares of the ~~Exchange~~Company’s ~~Act~~Common ~~(17~~Stock ~~CFR~~and ~~240-13e-4(c))~~11,000,000 shares of the Company's Series A Preferred Stock. The Company had insufficient capital to complete the issuance without amending its articles of incorporation, increasing its capital and designating the Series “A” preferred shares. The Company amended its articles of incorporation on June 27, 2011 increasing its common and preferred stock capital and designating the Series “A” preferred shares, as set forth below in Item 5.03.

~~Item~~These shares were issued in reliance upon an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”).01 As such, the shares of the Company’s Common Stock may not be offered or sold in the United States unless they are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available.

Changes in Registrants' Certifying Accountant

Previous independent registered public accounting firm

(a) On March 14, 2011, Silver Butte Company (the “Registrant” or the “Company”) notified MaloneBailey, LLP (“Malone”) that it was dismissed as the Registrant’s independent registered public accounting firm, effective immediately. The decision to dismiss MALONE as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors on March 14, 2011. The reports of MALONE on the Company’s financial statements for the years ended August 31, 2010 and 2009 did not contain an adverse opinion or disclaimer of opinion, and such reports were not qualified or modified as to uncertainty, audit scope, or accounting principles.

MALONE's report on the Company’s consolidated financial statements for the years ended August 31, 2010 and 2009 contained a separate paragraph stating that “The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has suffered net losses and has minimal cash on hand. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern."

During the years ended August 31, 2010 and 2009 and for the period of September 1, 2010 through March 14, 2011, the Company has not had any disagreements with MALONE on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to MALONE's satisfaction, would have caused them to make reference thereto in their reports on the Company’s financial statements for such periods.

During the years ended August 31, 2010 and 2009, and through March 14, 2011, there were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K.

The Company provided MALONE with a copy of the disclosure set forth under this Item 4.01 and requested MALONE to furnish a letter addressed to the Securities & Exchange Commission stating whether or not it agrees with the above statements. A copy of the letter from MALONE is attached hereto as Exhibit 16.1.

New independent registered public accounting firm

On March 14, 2011 (the “Engagement Date”), the Company engaged Killman, Murrell & Company, P.C. (“KMC”) as its independent registered public accounting firm for the Company’s transition period ending January 31, 2011. The decision to engage KMC as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors on March 14, 2011.

During the two most recent fiscal years and through the Engagement Date, the Company has not consulted with KMC regarding either:

1. the application of accounting principles to any specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report was provided to the Company nor oral advice was provided that KMC concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or

2. any matter that was either the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K and the related instructions thereto) or a reportable event (as described in paragraph (a)(1)(v) of Item 304 of Regulation S-K).

Item 5.03

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

~~On March~~Articles ~~14, 2011, our Board~~ of Directors approved a change in our fiscal year end from August 31 to October 31. This change is being effectuated in connection with the reverse acquisition transaction described in Item 2.01 of the Company's Current Report filed on January 14, 2011.Amendment

On June 27, 2011, the Company amended its articles of incorporation in the following manner:

(1) changed its corporate name to Gulfmark Energy, Inc.;

(2) increased its authorized common stock capital from 300,000,000 to 1,100,000,000 shares, par value $0.001 per share;

(3) increased its authorized preferred stock capital from 10,000,000 shares to 50,000,000 shares, par value $0.001 per share;

(4) designated 11,000,000 Series A Preferred shares with each preferred share having 20 votes per share and convertible into common shares at the rate of 20 common shares for each single share of preferred stock upon 75 days advance notice and designated 250,000 Series B Preferred shares convertible into common shares at the rate of 20 common shares for each single share of preferred stock upon 75 days advance notice; and

(5) implement a (1:40) reverse stock split of the Company's issued and outstanding common stock effective July 1, 2011.

Item 8.01

Other Events.

New Cusip Number

In connection with the name change and reverse split, the Standard & Poor’s CUSIP bureau has issued a new CUSIP number for our common stock. The number is 402625 107.

FINRA Notification

In connection with the name change, change in capital and reverse stock split, we timely notified FINRA. Additionally, we requested that FINRA assign a new stock symbol associated with the new corporate name Gulfmark Energy, Inc. FINRA has informed the Company that it will assign a new ticker symbol "GMEI" on July 1, 2011, subject to processing procedures. However, during the first 20 business days, the new stock symbol will have a "D" appended to it ("GMEID") because of the reverse stock split. The symbol will revert back to "GMEI" after this period.

Reverse Stock Split

The Reverse Split will occur on July 1, 2011, (the "Effective Date") without any further action on the part of shareholders of the Company and without regard to the date or dates on which certificates representing shares of Prior Common are actually surrendered by each holder for certificates representing the number of shares of the New Common that each stockholder is entitled to receive as a consequence of the Reverse Split.

After the Effective Date of the Reverse Split, the certificates representing shares of Prior Common represent one-fortieth the number of shares of New Common. Certificates representing shares of New Common will be issued in due course as old certificates are tendered for exchange. No fractional shares of New Common will be issued and, in lieu thereof, shareholders holding a number of shares of Prior Common not evenly divisible by 40, and stockholders holding fewer than 40 shares of Prior Common prior to the Effective Date, upon surrender of their old certificates, will receive one (1) share of New Common in lieu of fractional shares of New Common.

After the reverse split we will have 1,100,000,000 authorized common shares, approximately 27,292,010 issued and outstanding (subject to rounding up fractional shares) and 50,000,000 authorized preferred shares, 11,000,000 Series “A” preferred shares issued and outstanding. The reverse split will not affect the preferred capital stock and will not reduce the number of common shares into which the preferred stock may be converted in the future.

The New Common issued pursuant to the Reverse Split will be fully paid and non-assessable. All shares of New Common will have the same voting rights and other rights as shares of the Prior Common.

Item 9.01

Financial Statements and Exhibits

(d) Exhibits.

Exhibits Index

Exhibit No.

Description

163.1

~~Letter~~Articles of ~~MALONEBAILEY,~~Amendment ~~LLP~~filed ~~dated~~with ~~March~~Nevada ~~14,~~Secretary ~~2011~~of toState ~~the~~on ~~SEC~~June 27, 2011

regarding statements included in this Current Report on Form 8-K.

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.

~~Silver~~GULFMARK ~~Butte~~ENERGY, ~~Company~~INC.

Dated: ~~March~~June 1528, 2011

By: Michael R. Ward

Title: President and Chief Executive Officer

Filing Compare · Gambit Energy, Inc.