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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">WASHINGTON, D.C. 20549</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORM 8-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">PURSUANT TO SECTION 13 OR 15(d) of the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>January 27, 2012</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of Earliest event reported)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>GLOBAL NUTECH, INC.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="width: 33%; font-size: 10pt; text-align: center; border-bottom: Black 2px solid">Nevada</TD>
    <TD STYLE="width: 34%; font-size: 10pt; text-align: center; border-bottom: Black 2px solid">333-149857</TD>
    <TD STYLE="width: 33%; font-size: 10pt; text-align: center; border-bottom: Black 2px solid">26-0338889</TD></TR>
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    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other Jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Of incorporation)</P></TD>
    <TD STYLE="font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Identification No.)</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="width: 50%; text-align: center; border-bottom: Black 2px solid">1602 Old Underwood Road, La Porte, TX</TD>
    <TD STYLE="width: 50%; text-align: center; border-bottom: Black 2px solid">77571</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="text-align: center">(Zip code)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">Registrant's telephone number, including area code:</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: center">(281) 867-8400</TD></TR>
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    <TD STYLE="width: 100%; font-size: 10pt; text-align: center; border-bottom: Black 2px solid">N/A</TD></TR>
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    <TD STYLE="font-size: 10pt; text-align: center">(Former Name or Former Address, If Changed Since Last Report)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">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:</P>

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    <TD STYLE="width: 7%; font-family: Wingdings">&nbsp;</TD>
    <TD STYLE="width: 7%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 86%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
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    <TD STYLE="font-family: Wingdings">&nbsp;</TD>
    <TD STYLE="font-family: Wingdings">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
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    <TD STYLE="font-family: Wingdings">&nbsp;</TD>
    <TD STYLE="font-family: Wingdings">o</TD>
    <TD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
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    <TD STYLE="font-family: Wingdings">&nbsp;</TD>
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    <TD>&nbsp;</TD></TR>
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    <TD STYLE="font-family: Wingdings">&nbsp;</TD>
    <TD STYLE="font-family: Wingdings">o</TD>
    <TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act&nbsp;(17&nbsp;CFR&nbsp;240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Wingdings">&nbsp;</TD>
    <TD STYLE="font-family: Wingdings">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
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    <TD STYLE="font-family: Wingdings">&nbsp;</TD>
    <TD STYLE="font-family: Wingdings">o</TD>
    <TD>Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act&nbsp;(17&nbsp;CFR&nbsp;240.13e-4(c))</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-variant: small-caps"><B>Item 1.01 Entry Into a
Material Definitive Agreement.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Please see the disclosures set forth under <U>Item
2.01</U> herein below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-variant: small-caps"><B>Item 2.01 Completion of
Acquisition or Disposition of Assets.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On January 27, 2012 (the
&ldquo;<U>Closing Date</U>&rdquo;), Global NuTech, Inc., a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;), entered into
a share exchange agreement (the &ldquo;<U>Agreement</U>&rdquo;) with Texas Gulf Oil &amp; Gas, Inc., a Nevada corporation (&ldquo;<U>TGOG</U>&rdquo;),
and the equity-holders of TGOG (the &ldquo;<U>Equity-Holders</U>&rdquo;). Pursuant to the terms of the Agreement, the Company acquired
all of the common stock of TGOG from the Equity-Holders, representing one hundred percent (100%) of the issued and outstanding
shares of capital stock of TGOG, in exchange for the issuance of 4,000,000 newly-issued shares of the Company&rsquo;s common stock,
par value $0.00001 per share (&ldquo;<U>Common Stock</U>&rdquo;), of which 2,200,000 shares are being issued to seven (7) Equity-Holders
and 1,800,000 shares are to be issued to one other Equity-Holder at a later date (the &ldquo;<U>Second Closing Date</U>&rdquo;),
which shall occur not later than 180 days following the Closing Date and is subject to certain conditions as described in Article
VII of the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As a result of the transaction, TGOG became
a wholly-owned subsidiary of the Company. The amount of the consideration given for the acquisition was determined pursuant to
arm&rsquo;s length negotiations between the parties. The summary of the Agreement set forth above does not purport to be a complete
statement of the terms of the Agreement. The summary is qualified in its entirety by reference to the full text of the Agreement
which is being filed with this Current Report on Form 8-K (this &ldquo;<U>Report</U>&rdquo;) as <U>Exhibit 2.1</U> and incorporated
herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">TGOG is an independent
oil company based in Houston, Texas that was formed in March, 2011. Their principal business focuses on the acquisition of not
only new development sites for drilling, but also the acquisition of existing oil wells which are primarily undervalued and under
performing oil assets. TGOG intends to increase production, using both conventional and proprietary enhanced production techniques,
to rejuvenate production in marginal or zero producing wells to achieve greater production. In 2010, the State of Texas enacted
legislation, HB 2259, which increases the market for purchasers of such oil properties. Included in the transaction were the interests
of TGOG in 18 existing oil wells located in the State of Texas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Also, on January 27, 2012, TGOG entered into
a Purchase Agreement (the &ldquo;<U>Purchase Agreement</U>&rdquo;) with Timothy J. Connolly, its Chief Executive Officer, (&ldquo;<U>Connolly</U>&rdquo;).
Pursuant to the terms of the Purchase Agreement, TGOG acquired certain assets owned by Connolly, consisting of all of his interests
in (i) the Grace#1 Oil &amp; Gas Lease and (ii) options relating to the Lay, Rodenberg and Tilman wells. The underlying Leases
for the the Lay, Rodenberg and Tilman wells already being part of the assets of TGOG. The amount of the consideration given for
the acquisition was determined pursuant to arm's length negotiations between Connolly and the Company, as parent of TGOG. The summary
of the Purchase Agreement set forth above does not purport to be a complete statement of the terms of the Purchase Agreement. The
summary is qualified in its entirety by reference to the full text of the Purchase Agreement which is being filed with this Report
as <U>Exhibit 2.2</U> and incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-variant: small-caps"><B>Item 3.02 Unregistered
sales of equity Securities.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In connection with the
closing of the Agreement described in <U>Item 2.01</U> above, the Company issued 2,200,000 shares of Common Stock to the Equity-Holders
on the Closing Date. Each of the Equity-Holders has represented that it/he was acquiring the shares of Common Stock for investment
and not with a view toward resale or public distribution of such shares, and acknowledged that the shares of Common Stock had not
been registered under the Securities Act of 1933 (the &ldquo;<U>Securities Act</U>&rdquo;) and that they constituted &ldquo;restricted
securities&rdquo; as that term is defined in Rule 144 promulgated under the Securities Act. The certificates representing such
shares of Common Stock will bear a restrictive legend. The issuance of securities to the Equity-Holders under the Agreement was
conducted in reliance on Regulation D. As of the Second Closing Date, similar representations will be made by the remaining Equity-Holder
prior to the issuance of the 1,800,000 shares to it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-variant: small-caps"><B>Item 5.02 Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On the Closing Date, TGOG
entered into a new Employment Agreement with its Chief Executive Officer, Timothy J. Connolly, (the &ldquo;<U>Connolly Agreement</U>&rdquo;),
to be effective February 1, 2012. The Company and International Plant Services, L.L.C., a subsidiary of the Company, were signatories
to the Connolly Agreement and thereby each agreed to guarantee of TGOG with respect to the compensation and other benefits as set
forth in the Connolly Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Connolly Agreement provides
that Mr. Connolly shall be employed by TGOG for a term of three (3) years, and whereby Mr. Connolly shall be entitled to certain
compensation and benefits. The summary of the Connolly Agreement set forth above does not purport to be a complete statement of
the terms of the Connolly Agreement. The summary is qualified in its entirety by reference to the full text of the Connolly Agreement
which is being filed with this Report as <U>Exhibit 10.1</U> and incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On the Closing Date, TGOG entered into a new
Employment Agreement with its President, Damon Wagley, (the &ldquo;<U>Wagley Agreement</U>&rdquo;), to be effective on February
1, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Wagley Agreement provides that Mr. Wagley
shall be employed by TGOG for a term of three (3) years, and whereby Mr. Wagley shall be entitled to certain compensation and benefits.
The summary of the Wagley Agreement set forth above does not purport to be a complete statement of the terms of the Wagley Agreement.
The summary is qualified in its entirety by reference to the full text of the Wagley agreement which is being filed with this Report
as <U>Exhibit 10.2</U> and incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>Item 7.01 Regulation
FD Disclosure.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On January 31, 2012, the Company issued a Press
Release announcing the acquisition of Texas Gulf Oil &amp; Gas, Inc., and the acquisition by Texas Gulf Oil &amp; Gas of the oil
related assets from Connolly, including the Grace#1 well</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The information in this Report and <U>Exhibit
99.1</U> attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the &ldquo;<U>Exchange Act</U>&rdquo;) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation
language in such filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Item
9.01 Financial Statements and Exhibits.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Financial statements of business
acquired</U>. The financial statements required to be filed pursuant to this Item will be filed by amendment no later than 71 calendar
days after the date on which this Report is required to be filed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Pro forma financial information</U>.
The pro forma financial information that is required to be filed pursuant to this Item will be filed by amendment no later than
71 calendar days after the date on which this Report is required to be filed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Shell company transactions</U>. Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exhibits</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; border-bottom: Black 2px solid"><B>EXHIBIT</B></TD>
    <TD STYLE="width: 2%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 64%; font-weight: bold; text-align: justify; border-bottom: Black 2px solid">DESCRIPTION</TD>
    <TD STYLE="width: 2%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 20%; font-weight: bold; text-align: justify; border-bottom: Black 2px solid">LOCATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>2.1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Share Exchange Agreement, dated January 27, 2012, by and among Global NuTech, Inc., Texas Gulf Oil &amp; Gas, Inc. and the stockholders Texas Gulf Oil &amp; Gas, Inc..</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Provided herewith</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>2.2</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Purchase Agreement, dated January 27, 2012, by and among Global NuTech, Inc. and Timothy J. Connolly.</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Provided herewith</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Employment Agreement by and between Texas Gulf Oil &amp; Gas, Inc. and Timothy J. Connolly dated January 27, 2012.</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Provided herewith</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.2</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Employment Agreement by and between Texas Gulf Oil &amp; Gas, Inc. and Damon Wagley dated January 27, 2012.</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Provided herewith</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>99.1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Press Release dated <FONT STYLE="font-size: 10pt">January 31, 2012</FONT>.</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Provided herewith</TD></TR>
</TABLE><BR STYLE="clear: both">


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>SIGNATURES</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.4pt">Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed
on its behalf by the undersigned hereunto duly authorized.</P>

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<TR STYLE="vertical-align: top">
    <TD>Date:&nbsp; January 31, 2012</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">GLOBAL NUTECH, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 3%">By:&nbsp;</TD>
    <TD STYLE="width: 42%; border-bottom: Black 2px solid">/s/ David Matthews</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: David Mathews</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title:&nbsp; Chief Executive Officer</TD></TR>
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{"company-data": {"conformed-name": "GLOBAL NUTECH, INC.", "cik": "0001429627", "assigned-sic": "5960", "irs-number": "260338889", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-149857", "film-number": "12560792"}, "business-address": {"street1": "1601 OLD UNDERWOOD ROAD", "city": "LA PORTE", "state": "TX", "zip": "77571", "phone": "(281) 867-8400"}, "mail-address": {"street1": "1601 OLD UNDERWOOD ROAD", "city": "LA PORTE", "state": "TX", "zip": "77571"}, "former-company": [{"former-conformed-name": "Bio-Clean, Inc.", "date-changed": "20091116"}, {"former-conformed-name": "Nature of Beauty Ltd.", "date-changed": "20080313"}]}
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
January 27, 2012
Date of Report (Date of Earliest event reported)
GLOBAL NUTECH, INC.
(Exact Name of Registrant as Specified in Charter)
Nevada
333-149857
26-0338889
(State or other Jurisdiction
Of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
1602 Old Underwood Road, La Porte, TX
77571
(Address of principal executive offices)
(Zip code)
Registrant's telephone number, including area code:
(281) 867-8400
N/A
(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 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry Into a
Material Definitive Agreement.
Please see the disclosures set forth under
Item
2.01
herein below.
Item 2.01 Completion of
Acquisition or Disposition of Assets.
On January 27, 2012 (the
"
Closing Date
"), Global NuTech, Inc., a Nevada corporation (the "
Company
"), entered into
a share exchange agreement (the "
Agreement
") with Texas Gulf Oil & Gas, Inc., a Nevada corporation ("
TGOG
"),
and the equity-holders of TGOG (the "
Equity-Holders
"). Pursuant to the terms of the Agreement, the Company acquired
all of the common stock of TGOG from the Equity-Holders, representing one hundred percent (100%) of the issued and outstanding
shares of capital stock of TGOG, in exchange for the issuance of 4,000,000 newly-issued shares of the Company's common stock,
par value $0.00001 per share ("
Common Stock
"), of which 2,200,000 shares are being issued to seven (7) Equity-Holders
and 1,800,000 shares are to be issued to one other Equity-Holder at a later date (the "
Second Closing Date
"),
which shall occur not later than 180 days following the Closing Date and is subject to certain conditions as described in Article
VII of the Agreement.
As a result of the transaction, TGOG became
a wholly-owned subsidiary of the Company. The amount of the consideration given for the acquisition was determined pursuant to
arm's length negotiations between the parties. The summary of the Agreement set forth above does not purport to be a complete
statement of the terms of the Agreement. The summary is qualified in its entirety by reference to the full text of the Agreement
which is being filed with this Current Report on Form 8-K (this "
Report
") as
Exhibit 2.1
and incorporated
herein by reference.
TGOG is an independent
oil company based in Houston, Texas that was formed in March, 2011. Their principal business focuses on the acquisition of not
only new development sites for drilling, but also the acquisition of existing oil wells which are primarily undervalued and under
performing oil assets. TGOG intends to increase production, using both conventional and proprietary enhanced production techniques,
to rejuvenate production in marginal or zero producing wells to achieve greater production. In 2010, the State of Texas enacted
legislation, HB 2259, which increases the market for purchasers of such oil properties. Included in the transaction were the interests
of TGOG in 18 existing oil wells located in the State of Texas.
Also, on January 27, 2012, TGOG entered into
a Purchase Agreement (the "
Purchase Agreement
") with Timothy J. Connolly, its Chief Executive Officer, ("
Connolly
").
Pursuant to the terms of the Purchase Agreement, TGOG acquired certain assets owned by Connolly, consisting of all of his interests
in (i) the Grace#1 Oil & Gas Lease and (ii) options relating to the Lay, Rodenberg and Tilman wells. The underlying Leases
for the the Lay, Rodenberg and Tilman wells already being part of the assets of TGOG. The amount of the consideration given for
the acquisition was determined pursuant to arm's length negotiations between Connolly and the Company, as parent of TGOG. The summary
of the Purchase Agreement set forth above does not purport to be a complete statement of the terms of the Purchase Agreement. The
summary is qualified in its entirety by reference to the full text of the Purchase Agreement which is being filed with this Report
as
Exhibit 2.2
and incorporated herein by reference.
Item 3.02 Unregistered
sales of equity Securities.
In connection with the
closing of the Agreement described in
Item 2.01
above, the Company issued 2,200,000 shares of Common Stock to the Equity-Holders
on the Closing Date. Each of the Equity-Holders has represented that it/he was acquiring the shares of Common Stock for investment
and not with a view toward resale or public distribution of such shares, and acknowledged that the shares of Common Stock had not
been registered under the Securities Act of 1933 (the "
Securities Act
") and that they constituted "restricted
securities" as that term is defined in Rule 144 promulgated under the Securities Act. The certificates representing such
shares of Common Stock will bear a restrictive legend. The issuance of securities to the Equity-Holders under the Agreement was
conducted in reliance on Regulation D. As of the Second Closing Date, similar representations will be made by the remaining Equity-Holder
prior to the issuance of the 1,800,000 shares to it.
Item 5.02 Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On the Closing Date, TGOG
entered into a new Employment Agreement with its Chief Executive Officer, Timothy J. Connolly, (the "
Connolly Agreement
"),
to be effective February 1, 2012. The Company and International Plant Services, L.L.C., a subsidiary of the Company, were signatories
to the Connolly Agreement and thereby each agreed to guarantee of TGOG with respect to the compensation and other benefits as set
forth in the Connolly Agreement.
The Connolly Agreement provides
that Mr. Connolly shall be employed by TGOG for a term of three (3) years, and whereby Mr. Connolly shall be entitled to certain
compensation and benefits. The summary of the Connolly Agreement set forth above does not purport to be a complete statement of
the terms of the Connolly Agreement. The summary is qualified in its entirety by reference to the full text of the Connolly Agreement
which is being filed with this Report as
Exhibit 10.1
and incorporated herein by reference.
On the Closing Date, TGOG entered into a new
Employment Agreement with its President, Damon Wagley, (the "
Wagley Agreement
"), to be effective on February
1, 2012.
The Wagley Agreement provides that Mr. Wagley
shall be employed by TGOG for a term of three (3) years, and whereby Mr. Wagley shall be entitled to certain compensation and benefits.
The summary of the Wagley Agreement set forth above does not purport to be a complete statement of the terms of the Wagley Agreement.
The summary is qualified in its entirety by reference to the full text of the Wagley agreement which is being filed with this Report
as
Exhibit 10.2
and incorporated herein by reference.
Item 7.01 Regulation
FD Disclosure.
On January 31, 2012, the Company issued a Press
Release announcing the acquisition of Texas Gulf Oil & Gas, Inc., and the acquisition by Texas Gulf Oil & Gas of the oil
related assets from Connolly, including the Grace#1 well
The information in this Report and
Exhibit
99.1
attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the "
Exchange Act
") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation
language in such filing.
Item
9.01 Financial Statements and Exhibits.
(a)
Financial statements of business
acquired
. The financial statements required to be filed pursuant to this Item will be filed by amendment no later than 71 calendar
days after the date on which this Report is required to be filed.
(b)
Pro forma financial information
.
The pro forma financial information that is required to be filed pursuant to this Item will be filed by amendment no later than
71 calendar days after the date on which this Report is required to be filed.
(c)
Shell company transactions
. Not applicable.
(d)
Exhibits
.
EXHIBIT
DESCRIPTION
LOCATION
2.1
Share Exchange Agreement, dated January 27, 2012, by and among Global NuTech, Inc., Texas Gulf Oil & Gas, Inc. and the stockholders Texas Gulf Oil & Gas, Inc..
Provided herewith
2.2
Purchase Agreement, dated January 27, 2012, by and among Global NuTech, Inc. and Timothy J. Connolly.
Provided herewith
10.1
Employment Agreement by and between Texas Gulf Oil & Gas, Inc. and Timothy J. Connolly dated January 27, 2012.
Provided herewith
10.2
Employment Agreement by and between Texas Gulf Oil & Gas, Inc. and Damon Wagley dated January 27, 2012.
Provided herewith
99.1
Press Release dated
January 31, 2012
.
Provided herewith
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed
on its behalf by the undersigned hereunto duly authorized.
Date:  January 31, 2012
GLOBAL NUTECH, INC.
By:
/s/ David Matthews
Name: David Mathews
Title:  Chief Executive Officer