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      8-K</strong></font></div>
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      REPORT</strong></font></div>
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      To Section 13 OR 15(d) of The Securities Exchange Act of
      1934</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">Date
      of
      Report (Date of earliest even reported): July 10, 2006</font></div>
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      PETROLEUM CORPORATION</strong></font></div>
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      Name of Registrant As Specified in Its Charter)</font></div>
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                </strong></font></div>
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                Employer</font></div>
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                Incorporation Or Organization)</font></div>
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            <td valign="top" width="27%">&#160;</td>
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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">Identification
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      Westheimer, Suite 302</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">(Address
      of Principal Executive Offices, Including Zip Code)</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>(713)
      706-6350 </strong></font></div>
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      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>
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      Written communications pursuant to Rule 425 under the Securities Act (17 CFR
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      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
      Act
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      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="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"><strong>ITEM
      4.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CHANGES
      IN REGISTRANT'S CERTIFYING ACCOUNTANT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#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"><u>Previous
      Independent Accountants</u></font></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">On
      July
      10, 2006, our Board of Directors received formal notice that our independent
      auditors, Ham, Langston &amp; Brezina, L.L.P. (&#8220;HLB&#8221;), had made the decision to
      resign as our independent accountants effective July 10, 2006. On July 17,
      2006,
      the Board of Directors voted unanimously to accept the resignation.
</font></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">HLB
      audited the financial statements of the Company for the five years ended
      December 31, 2005. The report of HLB on such financial statements, dated March
      15, 2006, did not contain an adverse opinion or disclaimer of opinion and was
      not qualified or modified as to uncertainty, audit scope or accounting
      principles. </font></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">For
      the
      past two fiscal years and subsequent interim periods though the date of
      resignation, there have been no disagreements with the former accountants on
      any
      matter of accounting principles or practices, financial statement disclosure,
      or
      auditing scope or procedure, which disagreement, if not resolved to the
      satisfaction of Ham, Langston &amp; Brezina, L.L.P., would have caused them to
      make reference thereto in there report on the financial statements.</font></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">During
      the two most recent fiscal years and the interim period to the date of their
      resignation, there have been no reportable events, as that term is defined
      in
      Item 304(a)(1)(v) of Regulation S-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="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
      the Company's two most recent fiscal years, and since then, HLB has not advised
      the Company that any of the following exist or are applicable:</font></div>
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            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)
                </font></div>
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            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">That
                the internal controls necessary for the Company to develop reliable
                financial statements do not exist, that information has come to their
                attention that has led them to no longer be able to rely on management's
                representations, or that has made them unwilling to be associated
                with the
                financial statements prepared by
                management.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)
                </font></div>
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            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">That
                the Company needs to expand significantly the scope of its audit,
                or that
                information has come to their attention that if further investigated
                may
                materially impact the fairness or reliability of a previously issued
                audit
                report or the underlying financial statements or any other financial
                presentation, or cause them to be unwilling to rely on management's
                representations or be associated with the Company's financial statements
                for the foregoing reasons or any other reason,
                or</font></div>
            </td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)
                </font></div>
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            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">That
                they have advised the Company that information has come to their
                attention
                that they have concluded materially impacts the fairness or reliability
                of
                either a previously issued audit report or the underlying financial
                statements for the foregoing reasons or any other
                reason.</font></div>
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      </table>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <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">We
      have
      provided Ham, Langston &amp; Brezina a copy of the disclosure made in response
      to this Item 4.01 and have requested that Ham, Langston &amp; Brezina provide a
      letter addressed to the Securities &amp; Exchange Commission confirming their
      agreement with the disclosure contained herein. Pursuant to our request, Ham,
      Langston &amp; Brezina has provided the letter attached hereto as Exhibit
      16.1.</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">&#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">New
      Independent Accountants</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <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">On
      July
      17, 2006, Malone and Bailey, PC ("MB"), Certified Public Accountants of Houston,
      Texas, were appointed by the Company to audit our financial statements for
      the
      quarter ended June 30, 2006. During our two most recent fiscal years and the
      subsequent interim periods preceding their appointment as independent
      accountants, neither the Company nor anyone on its behalf consulted MB regarding
      either the application of accounting principles to a specified transaction,
      either completed or proposed, or the type of audit opinion that might be
      rendered of the Company's consolidated financial statements, nor has MB provided
      to the Company a written report or oral advice regarding such principles or
      audit opinion.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#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">ITEM
      9.01</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Financial
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            (c)</font></td>
          <td>
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
              Exhibits.</font></div>
          </td>
        </tr>

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        </tr>

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    <table cellpadding="0" cellspacing="0" id="list" width="100%">

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          <td align="right" style="width: 54pt;">&#160;</td>
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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: Times New Roman">&#160;
              Exhibit 16.1&#160;&#160;&#160;&#160;&#160; Letter to SEC from Ham,
              Langston &amp; Brezina, LLP dated July 18,
              2006.</font></div>
          </td>
        </tr>

    </table>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></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">SIGNATURE</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">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="left"><br></div>
    <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: Times New Roman">Date:
                July 19, 2006</font></div>
            </td>
            <td align="left" valign="top" width="42%">
              <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">PANGEA
                PETROLEUM CORP</font></div>
            </td>
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            <td align="left" valign="top" width="42%">&#160;</td>
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            <td align="left" valign="top" width="37%">&#160;</td>
            <td align="left" valign="top" width="42%">
              <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"><u>By:
                /s/ Charles B.
                Pollock&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                </u></font></div>
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            <td align="left" valign="top" width="42%">
              <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">Charles
                B. Pollock, CEO</font></div>
            </td>
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{"company-data": {"conformed-name": "PANGEA PETROLEUM CORP", "cik": "0001077319", "assigned-sic": "1311", "irs-number": "760635938", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-30503", "film-number": "06969170"}, "business-address": {"street1": "5850 SAN FELIPE", "street2": "SUITE 500", "city": "HOUSTON", "state": "TX", "zip": "77057", "phone": "7137066351"}, "mail-address": {"street1": "9801 WESTHEIMER", "street2": "STE 302", "city": "HOUSTON", "state": "TX", "zip": "77042"}}
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 even reported): July 10, 2006
PANGEA
      PETROLEUM CORPORATION
(Exact
      Name of Registrant As Specified in Its Charter)
COLORADO
0-30503
76-0635938
(State
                Or Other Jurisdiction
(Commission
                File Number)
(IRS
                Employer
Of
                Incorporation Or Organization)
Identification
                No.)
9801
      Westheimer, Suite 302
(Address
      of Principal Executive Offices, Including Zip Code)
(713)
      706-6350
(Registrant's
      Telephone Number, Including Area Code)
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):
|_|   
      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-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c))
ITEM
      4.01
CHANGES
      IN REGISTRANT'S CERTIFYING ACCOUNTANT
Previous
      Independent Accountants
On
      July
      10, 2006, our Board of Directors received formal notice that our independent
      auditors, Ham, Langston & Brezina, L.L.P. ("HLB"), had made the decision to
      resign as our independent accountants effective July 10, 2006. On July 17,
      2006,
      the Board of Directors voted unanimously to accept the resignation.
HLB
      audited the financial statements of the Company for the five years ended
      December 31, 2005. The report of HLB on such financial statements, dated March
      15, 2006, did not contain an adverse opinion or disclaimer of opinion and was
      not qualified or modified as to uncertainty, audit scope or accounting
      principles.
For
      the
      past two fiscal years and subsequent interim periods though the date of
      resignation, there have been no disagreements with the former accountants on
      any
      matter of accounting principles or practices, financial statement disclosure,
      or
      auditing scope or procedure, which disagreement, if not resolved to the
      satisfaction of Ham, Langston & Brezina, L.L.P., would have caused them to
      make reference thereto in there report on the financial statements.
During
      the two most recent fiscal years and the interim period to the date of their
      resignation, there have been no reportable events, as that term is defined
      in
      Item 304(a)(1)(v) of Regulation S-B.
During
      the Company's two most recent fiscal years, and since then, HLB has not advised
      the Company that any of the following exist or are applicable:
(1)
That
                the internal controls necessary for the Company to develop reliable
                financial statements do not exist, that information has come to their
                attention that has led them to no longer be able to rely on management's
                representations, or that has made them unwilling to be associated
                with the
                financial statements prepared by
                management.
(2)
That
                the Company needs to expand significantly the scope of its audit,
                or that
                information has come to their attention that if further investigated
                may
                materially impact the fairness or reliability of a previously issued
                audit
                report or the underlying financial statements or any other financial
                presentation, or cause them to be unwilling to rely on management's
                representations or be associated with the Company's financial statements
                for the foregoing reasons or any other reason,
                or
(3)
That
                they have advised the Company that information has come to their
                attention
                that they have concluded materially impacts the fairness or reliability
                of
                either a previously issued audit report or the underlying financial
                statements for the foregoing reasons or any other
                reason.
We
      have
      provided Ham, Langston & Brezina a copy of the disclosure made in response
      to this Item 4.01 and have requested that Ham, Langston & Brezina provide a
      letter addressed to the Securities & Exchange Commission confirming their
      agreement with the disclosure contained herein. Pursuant to our request, Ham,
      Langston & Brezina has provided the letter attached hereto as Exhibit
      16.1.
New
      Independent Accountants
On
      July
      17, 2006, Malone and Bailey, PC ("MB"), Certified Public Accountants of Houston,
      Texas, were appointed by the Company to audit our financial statements for
      the
      quarter ended June 30, 2006. During our two most recent fiscal years and the
      subsequent interim periods preceding their appointment as independent
      accountants, neither the Company nor anyone on its behalf consulted MB regarding
      either the application of accounting principles to a specified transaction,
      either completed or proposed, or the type of audit opinion that might be
      rendered of the Company's consolidated financial statements, nor has MB provided
      to the Company a written report or oral advice regarding such principles or
      audit opinion.
ITEM
      9.01
Financial
      Statements and Exhibits
.
(c)
Exhibits.
Exhibit 16.1      Letter to SEC from Ham,
              Langston & Brezina, LLP dated July 18,
              2006.
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.
Date:
                July 19, 2006
PANGEA
                PETROLEUM CORP
By:
                /s/ Charles B.
                Pollock
Charles
                B. Pollock, CEO