SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  F O R M 8 - K

                                 CURRENT REPORT


         Pursuant to Section 13 or 15(d) of the Securities Act of 1934


Date of Report (date of earliest event reported) February 23, 2000
                                                ------------------



                              COLUMBUS ENERGY CORP.
                  -------------------------------------------
             (Exact name of registrant as specified in its charter)


       Colorado                        1-9872                   84-0891713
-------------------------------------------------------------------------------
(State or other jurisdiction        (Commission               (IRS Employer
      of incorporation)             File Number)            Identification No.)


       1660 Lincoln Street, Denver Colorado                     80264
-------------------------------------------------------------------------------
     (Address of Principal executive offices)                (Zip Code)


                                 (303) 861-5252
-------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)


                                    No Change
-------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)















<PAGE>



ITEM 5.      OTHER EVENTS

         On February  17, 2000 the  Columbus  Energy  Corp.  Board of  Directors
selected Arthur Andersen LLP to assist it with exploring strategic  alternatives
to maximize  shareholder  value  which will  include  consideration  of possibly
selling the Company or finding a merger  partner.  A letter  agreement to retain
Arthur Andersen LLP was executed by the Company on February 28, 2000.

ITEM 7.      FINANCIAL STATEMENTS AND EXHIBITS

    (C)      Exhibits:

             No. 28   -    Columbus Energy Corp. press release dated
                           February 23, 2000.


                                    SIGNATURE

         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 thereunto duly authorized.

                                            COLUMBUS ENERGY CORP.
                                            ---------------------
                                            (Registrant)





DATE:     March 1, 2000                      BY: /s/ Ronald H. Beck
     ------------------------                   -------------------
                                                 Ronald H. Beck
                                                 Vice President
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K FOR COLUMBUS ENERGY CORP.", "secsgml_size_bytes": 2857}]
{"company-data": {"conformed-name": "COLUMBUS ENERGY CORP", "cik": "0000823975", "assigned-sic": "1311", "irs-number": "840891713", "state-of-incorporation": "CO", "fiscal-year-end": "1130"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09872", "film-number": "558937"}, "business-address": {"street1": "1660 LINCOLN ST #2400", "city": "DENVER", "state": "CO", "zip": "80264", "phone": "3038615252"}}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  F O R M 8 - K

                                 CURRENT REPORT

         Pursuant to Section 13 or 15(d) of the Securities Act of 1934

Date of Report (date of earliest event reported) February 23, 2000
                                                ------------------

                              COLUMBUS ENERGY CORP.
                  -------------------------------------------
             (Exact name of registrant as specified in its charter)

       Colorado                        1-9872                   84-0891713
-------------------------------------------------------------------------------
(State or other jurisdiction        (Commission               (IRS Employer
      of incorporation)             File Number)            Identification No.)

       1660 Lincoln Street, Denver Colorado                     80264
-------------------------------------------------------------------------------
     (Address of Principal executive offices)                (Zip Code)

                                 (303) 861-5252
-------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)

                                    No Change
-------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)
ITEM 5.      OTHER EVENTS

         On February  17, 2000 the  Columbus  Energy  Corp.  Board of  Directors
selected Arthur Andersen LLP to assist it with exploring strategic  alternatives
to maximize  shareholder  value  which will  include  consideration  of possibly
selling the Company or finding a merger  partner.  A letter  agreement to retain
Arthur Andersen LLP was executed by the Company on February 28, 2000.

ITEM 7.      FINANCIAL STATEMENTS AND EXHIBITS

    (C)      Exhibits:

             No. 28   -    Columbus Energy Corp. press release dated
                           February 23, 2000.

                                    SIGNATURE

         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 thereunto duly authorized.

                                            COLUMBUS ENERGY CORP.
                                            ---------------------
                                            (Registrant)

DATE:     March 1, 2000                      BY: /s/ Ronald H. Beck
     ------------------------                   -------------------
                                                 Ronald H. Beck
                                                 Vice President