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): July 31, 2012

                           VANGUARD ENERGY CORPORATION
                           ---------------------------
             (Exact name of registrant as specified in its charter)

       Colorado                        333-174194          27-2888719
-----------------------------      --------------------   -------------------
 (State or other jurisdiction      (Commission File No.)  (IRS Employer
  of incorporation)                                       Identification No.)

                         1330 Post Oak Blvd., Suite 1600
                              Houston, Texas 77056
                      ------------------------------------
          (Address of principal executive offices, including Zip Code)

       Registrant's telephone number, including area code: (713) 627-2500

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

Check 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)

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

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement  communications  pursuant  to  Rule  13e-14(c)  under  the
Exchange Act (17 CFR 240.13e-4(c))


<PAGE>


Item 3.02   Recent Sales of Unregistered Securities

     On June 29, July 6 and July 31, 2012 we sold convertible secured promissory
notes to a group of private investors.  The notes bear interest at 15% per year,
are payable quarterly,  mature on June 30, 2015, and are convertible into shares
of our  common  stock at a  conversion  price of $1.25  per  share,  subject  to
adjustment.  The notes are secured by a first lien on a  substantial  portion of
our assets.

     Notes in the principal amount of $3,799,500 were sold for cash and notes in
the  principal  amount of  $3,050,000  were  exchanged for notes that we sold in
2010. As a result,  the outstanding  principal balance of the notes sold in 2010
was $350,000 as of July 31, 2012.

     The  placement  agents  for this  offering  received a cash  commission  of
$494,455 as well as Series E warrants which collectively  entitle the holders to
purchase up to 425,960 shares of our common stock.  The Series E warrants may be
exercised at any time on or before June 30, 2017 at a price of $1.55 per share.

     The foregoing  description of the terms and  conditions of the  convertible
notes and Series E warrants do not purport to be complete  and are  qualified in
their entirety by the  convertible  notes and Series E warrants which were filed
as Exhibits 10.13 and 10.14, respectively, to our 8-K report dated June 29, 2012
and are incorporated herein by reference.

     We relied upon the exemption from registration  provided by Section 4(2) of
the Securities  Act of 1933 and Rule 506 of Regulation D promulgated  thereunder
with  respect to the sale of the notes and  warrants.  The  purchasers  of these
securities  were  accredited   investors  who  were  provided  full  information
regarding  our business and  operations.  There was no general  solicitation  in
connection with the offer or sale of these securities.  The purchasers  acquired
these securities for their own account.  The notes and warrants,  and any shares
of common stock issuable upon the conversion of the notes or the exercise of the
warrants,  cannot be sold unless pursuant to an effective registration statement
or an exemption from registration.

     Net  proceeds  from  this  financing  will be  used to fund an  accelerated
developmental  drilling  program in our fields located in Southeast Texas and to
pay off any of our 2010 convertible notes that remain outstanding on October 31,
2012, the maturity date of the 2010 notes.

Item 9.01   Exhibits

            10.13 Form of Convertible Note (1)
            10.14 Form of Series E Warrant (1)

(1)  Incorporated  by reference  to the same  exhibit  filed with our 8-K report
     dated June 29, 2012 (filed with the Securities  and Exchange  Commission on
     July 6, 2012).






<PAGE>


                                   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.


Date:  August 6, 2012               VANGUARD ENERGY CORPORATION


                                      By: /s/ Warren M. Dillard
                                          -------------------------------------
                                          Warren M. Dillard, President and Chief
                                          Executive Officer
<PAGE>
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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): July 31, 2012

                           VANGUARD ENERGY CORPORATION
                           ---------------------------
             (Exact name of registrant as specified in its charter)

       Colorado                        333-174194          27-2888719
-----------------------------      --------------------   -------------------
 (State or other jurisdiction      (Commission File No.)  (IRS Employer
  of incorporation)                                       Identification No.)

                         1330 Post Oak Blvd., Suite 1600
                              Houston, Texas 77056
                      ------------------------------------
          (Address of principal executive offices, including Zip Code)

       Registrant's telephone number, including area code: (713) 627-2500

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

Check 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)

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

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement  communications  pursuant  to  Rule  13e-14(c)  under  the
Exchange Act (17 CFR 240.13e-4(c))
Item 3.02   Recent Sales of Unregistered Securities

     On June 29, July 6 and July 31, 2012 we sold convertible secured promissory
notes to a group of private investors.  The notes bear interest at 15% per year,
are payable quarterly,  mature on June 30, 2015, and are convertible into shares
of our  common  stock at a  conversion  price of $1.25  per  share,  subject  to
adjustment.  The notes are secured by a first lien on a  substantial  portion of
our assets.

     Notes in the principal amount of $3,799,500 were sold for cash and notes in
the  principal  amount of  $3,050,000  were  exchanged for notes that we sold in
2010. As a result,  the outstanding  principal balance of the notes sold in 2010
was $350,000 as of July 31, 2012.

     The  placement  agents  for this  offering  received a cash  commission  of
$494,455 as well as Series E warrants which collectively  entitle the holders to
purchase up to 425,960 shares of our common stock.  The Series E warrants may be
exercised at any time on or before June 30, 2017 at a price of $1.55 per share.

     The foregoing  description of the terms and  conditions of the  convertible
notes and Series E warrants do not purport to be complete  and are  qualified in
their entirety by the  convertible  notes and Series E warrants which were filed
as Exhibits 10.13 and 10.14, respectively, to our 8-K report dated June 29, 2012
and are incorporated herein by reference.

     We relied upon the exemption from registration  provided by Section 4(2) of
the Securities  Act of 1933 and Rule 506 of Regulation D promulgated  thereunder
with  respect to the sale of the notes and  warrants.  The  purchasers  of these
securities  were  accredited   investors  who  were  provided  full  information
regarding  our business and  operations.  There was no general  solicitation  in
connection with the offer or sale of these securities.  The purchasers  acquired
these securities for their own account.  The notes and warrants,  and any shares
of common stock issuable upon the conversion of the notes or the exercise of the
warrants,  cannot be sold unless pursuant to an effective registration statement
or an exemption from registration.

     Net  proceeds  from  this  financing  will be  used to fund an  accelerated
developmental  drilling  program in our fields located in Southeast Texas and to
pay off any of our 2010 convertible notes that remain outstanding on October 31,
2012, the maturity date of the 2010 notes.

Item 9.01   Exhibits

            10.13 Form of Convertible Note (1)
            10.14 Form of Series E Warrant (1)

(1)  Incorporated  by reference  to the same  exhibit  filed with our 8-K report
     dated June 29, 2012 (filed with the Securities  and Exchange  Commission on
     July 6, 2012).
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.

Date:  August 6, 2012               VANGUARD ENERGY CORPORATION

                                      By: /s/ Warren M. Dillard
                                          -------------------------------------
                                          Warren M. Dillard, President and Chief
                                          Executive Officer