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): October 3, 2006

                             ----------------------

                              Calibre Energy, Inc.
                              --------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                     Nevada
                                     ------
                 (State or Other Jurisdiction of Incorporation)

              000-50830                                    88-0343804
              ---------                                    ----------
      (Commission File Number)              (I.R.S. Employer Identification No.)

      1667 K St., NW, Ste. 1230
            Washington, DC                                   20006
            --------------                                   -----
(Address of Principal Executive Offices)                   (Zip Code)

       Registrant's telephone number, including area code: (202) 223-4401


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))


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Item 1.01 Entry into a Material Definitive Agreement

     On October 3, 2006 Calibre  Energy,  Inc. (the  "Company")  entered into an
Amended and Restated  Employment  Agreement with each of its following  officers
and employees:  Prentis B. Tomlinson,  Jr., Edward L. Moses,  Jr., Peter F. Frey
and O. Oliver Pennington,  III. The amended and restated  employment  agreements
provide,  among  other  matters,  that each  employee  shall  devote such of his
business  time,  attention  and  energies to the  business of the Company as are
reasonably necessary to perform his duties under the employment agreement. Other
than  as  provided  in the  foregoing  sentence  the  terms  of  the  employment
agreements  were  not  amended.  The  foregoing  summary  description  of  these
agreements do not purport to be complete and are qualified in their  entirety by
reference to the documents that are filed as Exhibits 10.1,  10.2, 10.3 and 10.4
hereto.

Item 9.01 Financial Statements and Exhibits

(c)  Exhibit 99.1

The following exhibits are filed as part of this 8-K:

Exhibit No.    Description
-----------    -----------

10.1           Amended and Restated  Employment  Agreement dated October 3, 2006
               between Calibre Energy, Inc. and Prentis B. Tomlinson, Jr.

10.2           Amended and Restated  Employment  Agreement dated October 3, 2006
               between Calibre Energy, Inc. and Edward L. Moses, Jr.

10.3           Amended and Restated  Employment  Agreement dated October 3, 2006
               between Calibre Energy, Inc. and Peter F. Frey

10.4           Amended and Restated  Employment  Agreement dated October 3, 2006
               between Calibre Energy, Inc. and O. Oliver Pennington, III


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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.

                                      CALIBRE ENERGY, INC.


Date:  October 3, 2006                By:   /s/ Prentis B. Tomlinson, Jr.
     -------------------                 ---------------------------------------
                                      Name: Prentis B. Tomlinson, Jr., President


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                                  EXHIBIT INDEX


Exhibit No.          Description
-----------

10.1           Amended and Restated Employment Agreement dated October 3, 2006
               between Calibre Energy, Inc. and Prentis B. Tomlinson, Jr.

10.2           Amended and Restated Employment Agreement dated October 3, 2006
               between Calibre Energy, Inc. and Edward L. Moses, Jr.

10.3           Amended and Restated Employment Agreement dated October 3, 2006
               between Calibre Energy, Inc. and Peter F. Frey

10.4           Amended and Restated Employment Agreement dated October 3, 2006
               between Calibre Energy, Inc. and O. Oliver Pennington, III