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): ~~June~~July 727, 2006

TRUE NORTH ENERGY CORPORATION (Exact name of registrant as specified in its charter)

(Exact name of registrant as specified in its charter)

Nevada	000-51519	98-043482
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer
of incorporation)		Identification No.)

2 Allen Center, 1200 Smith Street 16^th Floor, Houston, Texas		77002
(Address of principal executive offices)		(Zip Code)

Nevada	000-51519	98-043482
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer
of incorporation)		Identification No.)

(713) 353-3948
(Registrant’s telephone number, including area code)


(Former name, former address and former fiscal year, if changed since last report)

2 Allen Center, 1200 Smith Street
16th Floor, Houston, Texas		77002
(Address of principal executive offices)		(Zip Code)

(713) 353-3948

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, 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 1.01 ENTRY INTO A MATERIAL ~~DEFINITIVE~~ AGREEMENT

~~Effective~~On ~~June 7~~July 28, 2006 we entered into ~~oil~~a ~~and gas well~~ participation ~~agreements~~agreement ~~with~~(the “Participation ~~Bayou~~Agreement”) ~~City~~with Whitmar Exploration, ~~Inc.~~Company (~~"Bayou City"~~“Whitmar”) ~~whereby~~respecting ~~we agreed to participate~~our ~~with~~participation ~~Bayou City~~ in the drilling of a 13,000 foot test well to test the Yegua Sands on ~~each~~the ofDeweyville ~~three~~Prospect ~~(3)~~located ~~oil~~in Newton County, Texas and Calcasieu Parish, ~~gas~~Louisiana. Thereunder, we are obligated to pay Whitmar, within 5 days of the ~~prospects~~date ~~including~~of the ~~Jaboncillo~~Participation ~~Windfall~~Agreement, ~~Prospect~~$42,500 (“representing our proportionate share of leasehold costs and an additional $57,500 representing a deposit on our share of drilling costs for the ~~Jaboncillo~~test ~~Windfall~~well. Our participation will involve a ~~Prospect”)~~10% working interest and ~~Frost~~72% ~~National~~net ~~Bank~~revenue ~~Deep~~interest ~~Prospect~~whereby (we will pay 12.5% of drilling costs to the ~~"Frost~~casing ~~National~~point ~~Bank~~and ~~Deep~~10% of all costs after the casing point. ~~Prospect"),~~Our ~~each~~estimated ~~located~~share inof ~~Live~~such ~~Oak~~costs ~~County~~is ~~Texas~~$552,000 for drilling and $114,000 for completion. We are obligated to pay Whitmar, within 15 days of the ~~Zodiac~~date IIof the Participation ~~Prospect~~Agreement, an additional $494,500 representing the balance of (our share of estimated drilling costs. Under the ~~“Zodiac~~agreement, ~~Prospect”)~~we ~~located~~also have the right to participate in ~~Jeff~~one ~~Davis~~additional ~~and~~well ~~Calcasieu~~on ~~Parishes~~the inprospect on a proportionate ~~Louisiana~~basis.

~~The~~Effective ~~agreement~~May ~~terms~~9, ~~with~~2006 ~~respect~~we toentered ~~the~~into ~~two~~a Purchase Agreement (2the “Agreement”) ~~Live~~whereby ~~Oak~~we acquired ~~County~~rights ~~Prospects~~in State of Alaska Oil and Gas Leases ADL 390834, 390839, 390840 and 390841 (the “Un-Issued Leases”) covering an aggregate of 10,000 acres on the ~~"Live~~North Slope of Alaska. The Agreement provided for a closing to be held within ~~Oak~~three ~~Prospects")~~business ~~are~~days ~~that~~of the receipt by ~~participating~~Seller inof the ~~drilling~~High Bidder Notice from the Alaska Department of aNatural ~~test~~Resources ~~well~~with werespect to the Un-Issued Leases ~~will~~and ~~earn~~for athe ~~16.67%~~closing ~~working~~to ~~interest~~take place, in ~~the~~all ~~Live~~events, ~~Oak~~on ~~Prospects~~or ~~before~~prior ~~payout~~to ~~and~~July 31, 2006. ~~a 12.5%~~Effective ~~working~~July ~~interest~~31, ~~after~~2006 ~~payout.~~the parties entered into an Amendment to Purchase Agreement (the “~~Payout~~Amendment”) isto ~~defined~~give asthe ~~that~~parties ~~point~~additional in time to complete and ~~when~~close ~~there~~the ~~has~~transaction ~~been~~contemplated ~~recovered~~by ~~from~~the ~~one~~Agreement. ~~hundred~~Pursuant ~~percent~~to ~~(100%)~~the ~~of production~~Amendment, ~~less~~the ~~only~~parties ~~royalties,~~are ~~overriding~~now ~~royalties~~required ~~and~~to ~~production~~close ~~taxes~~the antransaction ~~amount~~within ofthree business ~~money~~days after ~~equal~~receipt toby ~~one~~Sellers ~~hundred~~of ~~percent~~the ~~(100%)~~Award Notice from the Alaska Department of Natural Resources with respect to the ~~drilling,~~Un-Issued ~~completing~~Leases and for the closing ~~operating~~to take ~~costs~~place, ~~(during~~in ~~the~~all ~~payout~~events, ~~period)~~on or prior to December 31, 2006. All other provisions of the ~~initial~~Agreement ~~test~~remain ~~well~~in full force and effect.

WeITEM ~~have further agreed to pay 16~~3.~~67%~~02 ofUNREGISTERED ~~all~~SALES ~~well~~OF ~~costs~~EQUITY to the initial casing point on the initial test well drilled on each Live Oak Prospect, to pay 16.67% of all well completion costs and to pay our proportionate share of the prospect costs including geological and geophysical costs, third party prospect fees, land brokerage costs, lease bonus and all other costs associated with the respective Live Oak Prospects. These prospect costs were $20,375 with regard to the Jaboncillo Windfall Prospect and $94,888 with regard to the Frost National Bank Deep Prospect, all of which have been paid. SECURITIES

~~The~~On ~~agreement~~July 27, ~~terms~~2006 ~~with~~we ~~respect~~sold to650,000 ~~the~~units ~~Zodiac~~at ~~Prospect are that we will earn~~ a ~~25% working~~ ~~interest~~price inof ~~the~~$1.00 ~~initial~~per ~~test~~unit ~~well~~or ~~drilled~~$650,000 on ~~the Zodiac Prospect at~~ ~~such~~an ~~time~~aggregate asbasis ~~the~~to ~~test~~one ~~well~~person ~~has~~in ~~reached~~reliance ~~the~~on ~~objective~~Regulation ~~depth.~~S Weunder ~~have~~the ~~further agreed~~Securities ~~to pay~~Act ~~33.33%~~ of ~~well~~1933, ~~costs~~as toamended. ~~the~~Each ~~casing~~unit ~~point~~consists onof ~~the~~one ~~test~~share ~~well~~of ~~drilled~~our oncommon ~~the~~stock ~~Zodiac~~and one ~~Prospect,~~common tostock ~~pay~~purchase ~~25%~~warrant ofexercisable ~~all~~for ~~well~~the ~~completion~~purchase ~~costs~~of ~~and~~an ~~to pay our~~additional ~~proportionate~~ share of ~~prospect~~common ~~costs~~stock. ~~including~~Each ~~geological~~warrant ~~and~~is ~~geophysical costs,~~exercisable ~~third~~for ~~party~~a ~~prospect~~period ~~fees,~~of ~~land~~3 ~~brokerage costs, lease bonus and all~~years ~~other~~at ~~similar costs associated with the Zodiac Prospect. Our prospect costs~~an ~~with regard~~exercise toprice ~~the~~of ~~Zodiac Prospect are~~ $~~267,056,~~1.70 ~~which~~per ~~have not yet been paid~~share.

The entire prospect costs for each prospect are fully refundable in the event the applicable agreement is rescinded by Bayou City for any reason or Bayou City fails to cause the initial test well to be drilled for any reason. Drilling has commenced on the Frost National Bank Deep Prospect. To date we have paid $132,000 in drilling costs related to the Frost National Bank Deep Prospect. Subject to rig availability, drilling will commence on the Jaboncillo Windfall Prospect on or before August 1, 2006 and on the Zodiac Prospect on or before December 31, 2006.

All drilling and completion costs are due and payable to Bayou City on or before fifteen (15) days after receipt of an Athorization For Expenditure and invoice or invoices for such costs or any portion thereof. Under the respective agreements we also have the option, but not the obligation, to participate in the drilling of any subsequent wells drilled within the Live Oak Prospects area and the Zodiac Prospect area, by paying our proportianate share of the costs and expenses of drilling such well including the cost of completing such subsequent well and equipping the same for production.

Bayou City is serving as operator on all of the wells. Under the agreements with Bayou City, we also have an option to participate in a fourth prospect, a new well to be drilled in Live Oak County, Texas, targeting the Wilcox formation. At this time, the prospect is still under development and will require additional seismic to define a drilling location. We anticipate to make a decision on drilling this prospect within next twelve months.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibits filed as part of this Report are as follows:

Exhibit 10.1 Participation Agreement ~~effective~~dated as of ~~June~~July 728, 2006 between Registrant and ~~Bayou~~Whitmar ~~City~~ Exploration, ~~Inc.~~Company regarding the ~~Frost~~Deweyville ~~National Bank Deep~~ Prospect.

Exhibit 10.2 ~~Participation~~Amendment ~~Agreement~~to ~~effective~~Purchase asAgreement ofdated ~~June~~July 731, 2006 between Registrant and ~~Bayou~~Daniel ~~City Exploration, Inc~~K. ~~regarding~~Donkel ~~the~~and ~~Jaboncillo~~Samuel ~~Windfall~~H. ~~Prospect~~Cade.

~~Exhibit 10.3 Participation Agreement effective as of June 7, 2006 between Registrant and Bayou City Exploration, Inc. regarding the Zodiac II Prospect.~~2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly cause this Report to be signed on its behalf by the undersigned hereunto duly authorized.

	TRUE NORTH ENERGY CORPORATION
Date: June 19, 2006	By:	/s/ John I. Folnovic
Date: July 31, 2006	By:	/s/ John I. Folnovic
		Name: John I. Folnovic
		Title: President and Chief Executive Officer

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