UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT ~~REPORT~~REPORTPursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

~~Pursuant~~Date toof ~~Section~~Report ~~13 OR 15~~(d)Date of ~~The~~earliest ~~Securities~~event ~~Exchange~~reported) ~~Act~~March ~~of 1934~~25, 2008

~~Date~~CENTURY ~~of Report~~ PETROLEUM CORP.(~~Date~~Exact name of ~~earliest~~registrant ~~event~~as ~~reported)~~specified ~~May~~in ~~8, 2007~~its charter)

~~CENTURY~~Nevada(State ~~PETROLEUM~~or ~~CORP.~~other jurisdiction of incorporation)

333-126490(~~Exact~~Commission ~~name~~File ~~of registrant as specified in its charter~~Number)

~~Nevada~~47-0950123(IRS Employer Identification No.)

~~(State~~9595 orSix ~~other~~Pines ~~jurisdiction~~Drive, Building 8, Level 2, Suite 8210, The Woodlands, TX 77380(Address of ~~incorporation~~principal executive offices and Zip Code)

333-126490

(Commission File Number)

47-0950123

(IRS Employer Identification No.)

9595 Six Pines Drive, Suite 8210, Building 8, Level 2, The Woodlands, TX 77380

(Address of principal executive offices and Zip Code)

Registrant's telephone number, including area code (832) 631-6061

N/A(Former name or former address, if changed since last report)

(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 13.0102 ~~Entry~~Unregistered ~~Into~~Sales aof ~~Material~~Equity ~~Definitive Agreement~~Securities

On ~~May~~March 825, ~~2007~~2008, we ~~entered~~issued ~~into~~813,953 aunits ~~letter~~at ofa ~~intent~~deemed ~~with~~price ~~CTC~~of $0.43 ~~Minerals,~~as ~~Inc.~~consideration ~~wherein~~for wean ~~have~~advance ~~agreed~~of to$350,000 ~~purchase~~from aE&P ~~10%~~Investments ~~interest~~GmbH, pursuant into ~~the~~a ~~Alligator~~share ~~Bayou~~issuance ~~Prospect~~agreement ~~located~~with inE&P ~~Matagorda~~Investments ~~and~~GmbH, ~~Brazoria~~dated December ~~Counties~~15, ~~Texas~~2006. ~~The~~ ~~acquisition~~Each isunit ~~subject~~consists ~~to,~~of ~~among~~one ~~other~~common ~~things,~~share ~~our~~and ~~entering~~one ~~into~~common ashares purchase ~~definitive~~warrant. ~~agreement~~Each ~~and~~common ~~our~~share ~~economic~~purchase ~~analysis,~~warrant ~~land~~is ~~and~~exercisable ~~title~~for ~~review~~a ~~and~~period of ~~any~~three ~~additional~~years ~~due~~at ~~diligence~~an ~~requirements~~exercise price of $0.64.

We issued all of the 813,953 common shares to a non U.S. person (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction relying on Regulation S and/or Section 4(2) of the Securities Act of 1933.

~~SIGNATURES~~2

~~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.~~SIGNATURES

~~CENTURY~~Pursuant ~~PETROLEUM~~to ~~CORP~~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.

~~/s/~~CENTURY ~~Johannes~~PETROLEUM TCORP. ~~Petersen~~

/s/ Johannes T. Petersen Johannes T. Petersen Secretary and Director Date: March 26, 2008

Secretary and Director

Date: May 11, 2007

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