UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 Form 8-K/A

                                CURRENT REPORT
                      Pursuant to Section 13 OR 15(d) of
                      The Securities Exchange Act of 1934



 Date of Report (Date of earliest event reported):      March 21, 2011
                         Amerigo Energy, Inc.
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           (Exact name of registrant as specified in its charter)


               Delaware                   000-09047        20-3454263
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      (State or other jurisdiction       (Commission      (IRS Employer
            of incorporation)            File Number)  Identification No.)


        2580 Anthem Village Dr., Henderson, NV                89052
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       (Address of principal executive offices)            (Zip Code)

Registrant's telephone number, including area code:      702-399-9777

                               Not Applicable
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       (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
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[  ] 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
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[  ] Pre-commencement communications pursuant  to  Rule 14d-2(b) under the
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[  ] Pre-commencement communications pursuant to Rule  13e-4(c)  under the
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ITEM 4.02 NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR A RELATED AUDIT REPORT OR COMPLETED INTERIM REVIEW. On March 21, 2011, management and the Audit Committee of the Board of Directors of Amerigo Energy, Inc. (the "Company") determined, in consultation with the Company's full Board of Directors, that the Company's audited financial statements in the Annual Report on Form 10-K for the period ended December 31, 2009 contain a valuation error and, therefore, should no longer be relied upon. Management has determined, as well as hindsight lends to confirm, that the assets purchased during 2008 should have been impaired and/or recorded at a lesser amount. Previously, the assets were recorded in 2008 and then subsequently written down in 2009 and 2010. The 2009 financials had originally taken an impairment charge of $11,458,542, whereas the majority of this relates to assets purchased in 2008, thus the 2008 values at year end have now been adjusted to reflect this. We anticipate filing the restated 2009 numbers with our 2010 Annual Report on April 15, 2011. We anticipate filing amended 2009 annual reports within 30 days of filing our 2010 annual report. Management and certifying officers carefully considered the effect of the material error that was identified and determined that it would be beneficial to adjust and restate the valuation of assets that were recorded in 2008. The Company's management and Audit Committee have discussed this matter with Seale and Beers, LLC, the Company's independent registered public accounting firm. 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. AMERIGO ENERGY, INC. (Registrant) Date: April 14, 2011 By: /s/ Jason F. Griffith -------------------------- Jason F. Griffith Its:Chief Executive Officer, Chief Financial Officer and Director