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~~June 216, 2012

Cano Petroleum, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-32496

77-0635673

(State or other jurisdiction of

incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

6500 North Belt Line Road,

Suite 200, Irving, Texas

75063

(Address of principal executive
offices)

(Zip Code)

Registrant’s telephone number, including area code: (214) 687-0030

Not Applicable

(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 (see General Instruction A.2. below):

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 7.01 Regulation FD Disclosure.

On ~~May~~June 216, 2012, Cano Petroleum, Inc., a Delaware corporation (the “Company”), ~~filed~~and ~~with~~its direct and indirect subsidiaries (collectively, the ~~United~~“Debtors”) ~~States~~determined ~~Bankruptcy~~that ~~Court~~they ~~for~~did ~~the~~not ~~Northern~~receive ~~District~~any qualifying bids prior to the expiration of ~~Texas,~~the ~~Dallas~~bid ~~Division~~deadline (in competition with the ~~“Bankruptcy~~‘stalking ~~Court~~horse’ offer from NBI Services, Inc., an Oklahoma corporation (“NBI”), ~~unaudited~~to acquire the Debtors’ equity interests or assets and ~~unreviewed~~businesses, ~~monthly~~as ~~operating~~determined ~~reports~~in ~~for~~accordance with the ~~Company~~bid ~~and~~procedures ~~its~~order ~~direct~~entered ~~and~~by ~~indirect~~the ~~subsidiaries~~United ~~(the~~States ~~“Debtors”)~~Bankruptcy Court for the ~~month~~Northern ~~ended~~District ~~April 30~~of Texas, ~~2012~~Dallas Division (the “~~Monthly~~Bankruptcy ~~Operating Reports~~Court”). ~~The~~As ~~Monthly~~a ~~Operating~~result, ~~Reports~~the ~~are~~Company ~~attached~~will tonot ~~this~~conduct ~~current~~the ~~report~~auction onpreviously ~~Form 8-K~~scheduled asto ~~Exhibit 99.1~~begin ~~through~~at ~~Exhibit~~10:00 99a.9m. ~~and~~(Central ~~are~~Time) ~~incorporated~~on ~~herein~~June 12, ~~by reference~~2012.

~~Limitation~~Accordingly, the Company has declared that NBI’s ‘stalking horse’ offer of $47,500,000 is the successful offer. The Company will seek approval of the Stock Purchase Agreement among the Debtors and NBI at a hearing currently scheduled for 9:00 a.m. (Central time) on ~~Incorporation~~Monday, July 16, 2012 and intends to proceed with the previously announced transaction to sell all of the shares of common stock that will be issued by ~~Reference:~~the reorganized Company pursuant to the Debtors’ joint plan of reorganization as described in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on March 13, 2012.

InThe ~~accordance~~obligations ~~with general instruction B.2~~ of ~~Form 8-K,~~ the ~~information~~Debtors inand ~~Item~~NBI ~~7.01 of this report, including Exhibit 99.1 through Exhibit 99.9, is furnished pursuant~~ to ~~Item~~complete ~~7.01 and shall not be deemed “filed” for purposes of Section 18 of~~ the ~~Securities~~sale ~~Exchange~~remain ~~Act of 1934, or otherwise~~ subject to ~~the~~a ~~liability~~number of ~~that~~customary ~~section~~closing conditions.

~~Item~~Limitation ~~9.01~~on ~~Financial~~Incorporation ~~Statements~~by ~~and Exhibits.~~Reference:

~~(d) Exhibits~~In accordance with general instruction B.2 of Form 8-K, the information in Item 7.01 of this report is furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section.

~~99.1 Monthly Operating Report for the month ended April 30, 2012 for Cano Petroleum, Inc.~~2

~~99.2 Monthly Operating Report for the month ended April 30, 2012 for Cano Petro of New Mexico, Inc.~~SIGNATURES

~~99.3 Monthly~~Pursuant ~~Operating~~to ~~Report~~the ~~for~~requirements of the ~~month~~Securities ~~ended~~Exchange ~~April 30~~Act of 1934, ~~2012~~the ~~for~~registrant ~~Ladder~~has ~~Companies, Inc~~duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

99.4 Monthly Operating Report for the month ended April 30, 2012 for Square One Energy, Inc.

	CANO PETROLEUM, INC.

Date: June 11, 2012
	By:	/s/ John H. Homier
		John H. Homier
		Chief Financial Officer

~~99.5 Monthly Operating Report for the month ended April 30, 2012 for Tri-Flow, Inc.~~3

99.6 Monthly Operating Report for the month ended April 30, 2012 for W.O. Energy of Nevada, Inc.

99.7 Monthly Operating Report for the month ended April 30, 2012 for WO Energy, Inc.

99.8 Monthly Operating Report for the month ended April 30, 2012 for W.O. Operating Company, Ltd.

99.9 Monthly Operating Report for the month ended April 30, 2012 for W.O. Production Company, Ltd.

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.

	CANO PETROLEUM, INC.
Date: May 21, 2012
	By:	/s/ John H. Homier
		John H. Homier
		Chief Financial Officer

INDEX TO EXHIBITS

Item		Exhibit
99.1		Monthly Operating Report for the month ended April 30, 2012 for Cano Petroleum, Inc.
99.2		Monthly Operating Report for the month ended April 30, 2012 for Cano Petro of New Mexico, Inc.
99.3		Monthly Operating Report for the month ended April 30, 2012 for Ladder Companies, Inc.
99.4		Monthly Operating Report for the month ended April 30, 2012 for Square One Energy, Inc.
99.5		Monthly Operating Report for the month ended April 30, 2012 for Tri-Flow, Inc.
99.6		Monthly Operating Report for the month ended April 30, 2012 for W.O. Energy of Nevada, Inc.
99.7		Monthly Operating Report for the month ended April 30, 2012 for WO Energy, Inc.
99.8		Monthly Operating Report for the month ended April 30, 2012 for W.O. Operating Company, Ltd.
99.9		Monthly Operating Report for the month ended April 30, 2012 for W.O. Production Company, Ltd.

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