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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
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      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>WASHINGTON,
      D.C. 20549</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of
      1934</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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      of
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      July 10, 2006 </strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><strong>OPEN
      ENERGY CORPORATION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
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            </td>
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                Number)</font></div>
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                Employer</font></div>
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                No.)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>514
                Via De La Valle, Suite 200, Solana Beach, CA
                92075</strong></font></div>
            </td>
          </tr>
          <tr>
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            <td align="left" valign="bottom" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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            </td>
            <td align="left" valign="bottom" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td valign="top" width="26%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
            </td>
          </tr>
          <tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(858)-794-8800</strong></font></div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="82%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant&#8217;s
                telephone number, including area code)</font></div>
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                Applicable</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
                name or former address, if changed since last
                report)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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 (see General Instruction A.2. below):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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      Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font></div>
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      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
      Act
      (17 CFR 240.14d-2(b))</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c))</font></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">-1-</font></div>
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          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 63pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
              4.02.</strong></font></td>
            <td align="left">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Non-Reliance
                on Previously Issued Financial Statements or a Related Audit Report
                or
                Completed Interim Review.</strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      July
      10, 2006, our audit committee, after discussion with management and our
      independent registered public accounting firm, determined that there were errors
      in our financial statements included in our quarterly report on Form 10-QSB
      for
      the quarter ended February 28, 2006. The errors were discovered by management
      in
      the course of preparing the Company's annual report on Form 10-KSB for the
      year
      ended May 31, 2006. Management determined that in the financial statements
      included in the third quarter Form 10-QSB: (1) we did not properly account
      for
      the warrants and beneficial conversion feature contained in the convertible
      debentures that we issued in February 2006, (2) we classified our interest
      expense as an Operating Expense rather than an Other Expense, and (3) we
      classified our former oil and gas operations as part of our continuing
      operations rather than as discontinued operations. As discussed in Note 5 to
      our
      financial statements included in our third quarter Form 10-QSB, we determined
      the intrinsic value of the beneficial conversion feature to be $2,356,345,
      and
      the full amount was charged to interest expense and recorded as Additional
      paid-in capital for the third quarter. In addition, we determined the pro-rata
      fair value of the warrants to be $1,277,853 and the full amount was also
      recorded as Additional paid-in capital. We have determined that each of these
      amounts should be amortized over the term of the convertible debentures. As
      a
      result, an aggregate non-cash interest expense of approximately $2,356,345
      that
      was initially recorded in the third quarter as well as the fair value of the
      warrants of $1,277,853 will be amortized over the term of the convertible
      debentures resulting in a net $2,235,196 decrease in Interest-non cash for
      the
      quarter ended February 28, 2006. Approximately $121,000 in amortized
      Interest-non cash will be recorded for the quarter ended February 28, 2006,
      and
      approximately $363,000 per quarter thereafter will be amortized until maturity,
      or until such time as the debentures are converted. In addition, management
      determined that Interest of $59,790 had been improperly classified as an
      Operating Expense rather than an Other Expense. Finally, as part of management's
      analysis of comments made by the staff of the SEC during the staff's review
      of
      our registration statement filed May 12, 2006, it was determined that our oil
      and gas operations, the assets of which were reflected as Deposit and Advances
      on Acquisition of Investments on our balance sheet as of February 28, 2006,
      and
      included an Impairment on Advances in Respect of Oil and Gas Properties in
      our
      statement of operations for the quarter ended February 28, 2006, should be
      classified as discontinued operations.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
      will
      include restated financial information for the third quarter in our annual
      report on Form 10-KSB for the fiscal year ended May 31, 2006. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: ">-2-</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURE</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>OPEN
                ENERGY CORPORATION</strong></font></div>
            </td>
          </tr>
          <tr>
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                July 14, 2006</font></div>
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                David Saltman</font></div>
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{"company-data": {"conformed-name": "OPEN ENERGY CORP", "cik": "0001176193", "assigned-sic": "1311", "irs-number": "980370750", "state-of-incorporation": "NV", "fiscal-year-end": "0531"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50450", "film-number": "06963110"}, "business-address": {"street1": "674 GRANVILLE STREET", "street2": "PO BOX 54037", "city": "VANCOUVER", "state": "A1", "zip": "V6C 3P4", "phone": "604.657.2246"}, "mail-address": {"street1": "674 GRANVILLE STREET", "street2": "PO BOX 54037", "city": "VANCOUVER", "state": "A1", "zip": "V6C 3P4"}, "former-company": [{"former-conformed-name": "BARNABUS ENERGY, INC.", "date-changed": "20050822"}, {"former-conformed-name": "BARNABUS ENTERPRISES LTD", "date-changed": "20020621"}]}
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 10, 2006
OPEN
      ENERGY CORPORATION
(Exact
      name of registrant as specified in its charter)
Nevada
000-50450
98-0370750
(State
                or other jurisdiction
of
                incorporation)
(Commission
File
                Number)
(I.R.S.
                Employer
Identification
                No.)
514
                Via De La Valle, Suite 200, Solana Beach, CA
                92075
(Address
                of principal executive offices, including zip code)
(858)-794-8800
(Registrant's
                telephone number, including area code)
Not
                Applicable
(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 (see General Instruction A.2. below):
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))
-1-
Item
              4.02.
Non-Reliance
                on Previously Issued Financial Statements or a Related Audit Report
                or
                Completed Interim Review.
(a)
On
      July
      10, 2006, our audit committee, after discussion with management and our
      independent registered public accounting firm, determined that there were errors
      in our financial statements included in our quarterly report on Form 10-QSB
      for
      the quarter ended February 28, 2006. The errors were discovered by management
      in
      the course of preparing the Company's annual report on Form 10-KSB for the
      year
      ended May 31, 2006. Management determined that in the financial statements
      included in the third quarter Form 10-QSB: (1) we did not properly account
      for
      the warrants and beneficial conversion feature contained in the convertible
      debentures that we issued in February 2006, (2) we classified our interest
      expense as an Operating Expense rather than an Other Expense, and (3) we
      classified our former oil and gas operations as part of our continuing
      operations rather than as discontinued operations. As discussed in Note 5 to
      our
      financial statements included in our third quarter Form 10-QSB, we determined
      the intrinsic value of the beneficial conversion feature to be $2,356,345,
      and
      the full amount was charged to interest expense and recorded as Additional
      paid-in capital for the third quarter. In addition, we determined the pro-rata
      fair value of the warrants to be $1,277,853 and the full amount was also
      recorded as Additional paid-in capital. We have determined that each of these
      amounts should be amortized over the term of the convertible debentures. As
      a
      result, an aggregate non-cash interest expense of approximately $2,356,345
      that
      was initially recorded in the third quarter as well as the fair value of the
      warrants of $1,277,853 will be amortized over the term of the convertible
      debentures resulting in a net $2,235,196 decrease in Interest-non cash for
      the
      quarter ended February 28, 2006. Approximately $121,000 in amortized
      Interest-non cash will be recorded for the quarter ended February 28, 2006,
      and
      approximately $363,000 per quarter thereafter will be amortized until maturity,
      or until such time as the debentures are converted. In addition, management
      determined that Interest of $59,790 had been improperly classified as an
      Operating Expense rather than an Other Expense. Finally, as part of management's
      analysis of comments made by the staff of the SEC during the staff's review
      of
      our registration statement filed May 12, 2006, it was determined that our oil
      and gas operations, the assets of which were reflected as Deposit and Advances
      on Acquisition of Investments on our balance sheet as of February 28, 2006,
      and
      included an Impairment on Advances in Respect of Oil and Gas Properties in
      our
      statement of operations for the quarter ended February 28, 2006, should be
      classified as discontinued operations.
We
      will
      include restated financial information for the third quarter in our annual
      report on Form 10-KSB for the fiscal year ended May 31, 2006.
-2-
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 hereunto
      duly authorized.
OPEN
                ENERGY CORPORATION
Date:
                July 14, 2006
/s/
                David Saltman
By:
David
                Saltman
President
                and Chief Executive Officer
-3-