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)   May 26, 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 May 26, 2000 Columbus Energy Corp. mailed the Management's Report to
Shareholders for First Quarter Ended February 29, 2000. This report also updated
the status of the previously  announced  program  wherein the Board of Directors
hired financial advisors to aid them in exploring  strategic  alternatives which
would maximize shareholder value.

ITEM 7.           FINANCIAL STATEMENTS AND EXHIBITS

         (C)      Exhibits:

                  No. 20    -          Management's Report to Shareholders for
                                       First Quarter Ended February 29, 2000,
                                       mailed May 26, 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:      May 31, 2000                              BY: /s/ Ronald H. Beck
     ------------------------                           -------------------
                                                         Ronald H. Beck
                                                         Vice President
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{"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": "646776"}, "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)   May 26, 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 May 26, 2000 Columbus Energy Corp. mailed the Management's Report to
Shareholders for First Quarter Ended February 29, 2000. This report also updated
the status of the previously  announced  program  wherein the Board of Directors
hired financial advisors to aid them in exploring  strategic  alternatives which
would maximize shareholder value.

ITEM 7.           FINANCIAL STATEMENTS AND EXHIBITS

         (C)      Exhibits:

                  No. 20    -          Management's Report to Shareholders for
                                       First Quarter Ended February 29, 2000,
                                       mailed May 26, 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:      May 31, 2000                              BY: /s/ Ronald H. Beck
     ------------------------                           -------------------
                                                         Ronald H. Beck
                                                         Vice President