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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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      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" size="2"><u>_____________________</u></font></div><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: 16pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K </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: 16pt; FONT-FAMILY: Times New Roman" size="2"><u>_____________________</u></font><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">CURRENT
      REPORT </font></div>
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      to Section 13 or 15(d) </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">of
      the
      Securities Exchange Act of 1934 </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"><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">Date
      of
      Report (Date of earliest event reported): June 30, 2006 </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
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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">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Delaware</strong></font></div>
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                incorporation)</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"><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"><strong>25
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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>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></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
      5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION
</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 54pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>OF
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      August&#160;10, 2006 at a special meeting of the Board of Directors (the
&#8220;Board&#8221;) of Platinum Energy Resources, Inc. (&#8220;Platinum&#8221;), the Board expanded the
      number of directors constituting the Board of Platinum from five (5) members
      to
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      Platinum.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Richard
      Sherry</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      is
      currently an Adjunct Professor at the University of Houston Law Center and
      Texas
      Southern University teaching courses in business planning and advanced taxation.
      Mr. Sherry is also currently consulting on tax matters on a part time basis
      for
      Jefferson Wells International, a company which delivers professional services
      in
      the areas of internal audit, technology risk management, tax, and finance and
      accounting. From 1971 to 2004, Mr. Sherry worked for ConocoPhillips, an
      international integrated energy company, and its predecessor companies, in
      various positions, including from 2002 to 2004 Vice President, Tax, responsible
      for ConocoPhillips worldwide tax affairs. He holds a law degree, a LLM degree
      in
      taxation, and a Bachelor of Science degree in Accounting. He is a licensed
      CPA
      and admitted to the bar in the State of New York.</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>SIGNATURES</strong></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"><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>&#160;</div>
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          <tr bgcolor="white">
            <td width="25%">&#160;</td>
            <td width="25%">&#160;</td>
            <td colspan="2" width="28%"><strong><font size="2">PLATINUM ENERGY
              RESOURCES,
              INC.</font></strong>&#160;&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="25%"><font size="2">Dated August 16, 2006</font>&#160;</td>
            <td width="25%">&#160;</td>
            <td width="3%">&#160;</td>
            <td width="25%">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="25%" style="border-bottom: #ffffff solid;">&#160;</td>
            <td width="25%" style="border-bottom: #ffffff solid;">&#160;</td>
            <td width="3%" style="border-bottom: #ffffff solid;"><font size="2">By:</font>&#160;</td>
            <td width="25%" style="border-bottom: black thin solid;">/s/ <font size="2">Barry
              Kostiner</font>&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="25%">&#160;</td>
            <td width="25%">&#160;</td>
            <td width="3%">&#160;</td>
            <td width="25%"><font size="2">Barry
              Kostiner&#160;&#160;&#160;</font>&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="25%">&#160;</td>
            <td width="25%">&#160;</td>
            <td width="3%">&#160;</td>
            <td width="25%"><font size="2">Chief Executive
              Officer</font>&#160;</td>
          </tr>

      </table>
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{"company-data": {"conformed-name": "PLATINUM ENERGY RESOURCES INC", "cik": "0001329605", "assigned-sic": "6770", "irs-number": "141928384", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51553", "film-number": "061038479"}, "business-address": {"street1": "3 PARAGON DRIVE", "city": "MONTVALE", "state": "NJ", "zip": "07645", "phone": "845-323-0434"}, "mail-address": {"street1": "3 PARAGON DRIVE", "city": "MONTVALE", "state": "NJ", "zip": "07645"}}
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): June 30, 2006
_____________________
PLATINUM
      ENERGY RESOURCES, INC.
(Exact
      name of registrant as specified in its charter)
Delaware
(State
                or other jurisdiction
of
                incorporation)
000-51553
(Commission
                File Number)
14-1928384
(IRS
                Employer
Identification
                No.)
25
      Phillips Parkway
Montvale,
      New Jersey 07645
(Address
      of principal executive offices and zip code)
Registrant's
      telephone number, including area code: (212) 581-2401
_____________________
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
      5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION
OF
      DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On
      August 10, 2006 at a special meeting of the Board of Directors (the
"Board") of Platinum Energy Resources, Inc. ("Platinum"), the Board expanded the
      number of directors constituting the Board of Platinum from five (5) members
      to
      six (6). Concurrently, the Board elected Richard Sherry as a director of
      Platinum.
Richard
      Sherry
is
      currently an Adjunct Professor at the University of Houston Law Center and
      Texas
      Southern University teaching courses in business planning and advanced taxation.
      Mr. Sherry is also currently consulting on tax matters on a part time basis
      for
      Jefferson Wells International, a company which delivers professional services
      in
      the areas of internal audit, technology risk management, tax, and finance and
      accounting. From 1971 to 2004, Mr. Sherry worked for ConocoPhillips, an
      international integrated energy company, and its predecessor companies, in
      various positions, including from 2002 to 2004 Vice President, Tax, responsible
      for ConocoPhillips worldwide tax affairs. He holds a law degree, a LLM degree
      in
      taxation, and a Bachelor of Science degree in Accounting. He is a licensed
      CPA
      and admitted to the bar in the State of New York.
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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.
PLATINUM ENERGY
              RESOURCES,
              INC.
Dated August 16, 2006
By:
/s/
Barry
              Kostiner
Barry
              Kostiner
Chief Executive
              Officer
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