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EX-99.1 - PRESS RELEASE DATED 5-12-11 - Texas Gulf Energy Incex99-1.txt

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                                  May 12, 2011
                Date of Report (Date of Earliest event reported)

                               GLOBAL NUTECH, INC.
               (Exact Name of Registrant as Specified in Charter)

           Nevada                      333-149857                26-0338889
(State or Other Jurisdiction          (Commission              (IRS Employer
      of Incorporation)               File Number)           Identification No.)

5412 Bolsa Avenue, Suite D, Huntington Beach, CA                   92649
   (Address of principal executive offices)                      (Zip code)

                                 (714) 373-1930
              (Registrant's telephone number, including area code)

          (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:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR

[ ] 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 13c-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

SECTION 7 - REGULATION FD ITEM 7.01. REGULATION FD DISCLOSURE. On May 12, 2010, the Company issued a Press Release announcing the closing date of a joint venture with Wagley Oil & Gas, Inc. involving 25 oil and gas wells, including formerly producing shut-in wells and currently producing wells in the State of Texas. A copy of the Press Release is attached hereto as Exhibit 99.1 and the information therein is incorporated herein by reference. The information in this Form 8-K and the Exhibit attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing. SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. EXHIBIT TABLE Exhibit No. Description ----------- ----------- 99.1 Press Release dated May 12, 2011. 2
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 12, 2011 GLOBAL NUTECH, INC. By: /s/ E. G. Marchi ----------------------------------- Name: E. G. Marchi Title: President