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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

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                                    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): May 12, 2005 (May 6, 2005)

                              GULFWEST ENERGY INC.
               (Exact Name of Registrant as Specified in Charter)


             Texas                    1-12108                    87-0444770
(State or Other Jurisdiction of  (Commission File Number)       (IRS Employer
            Incorporation)                                   Identification No.)


          480 N. Sam Houston Parkway E., Suite 300, Houston Texas 77060
                    (Address of Principal Executive Offices)

                                 (281) 820-1919
              (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 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 2.02  Results of Operations and Financial Condition.

     On May 6, 2005, GulfWest Energy Inc. issued a press release containing
information regarding proved reserves at December 31, 2004 and announcing
certain production and other related information for the quarter ended March 31,
2005. The press release is included in this report as Exhibit 99.1.

     The information contained in Exhibit 99.1 is incorporated herein by
reference. The information in this Current Report is being furnished and shall
not be deemed "filed" for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of that
Section. The information in this Current Report shall not be incorporated by
reference into any registration statement or other document pursuant to the
Securities Act of 1933, as amended.

Item 9.01  Financial Statements and Exhibits.

(c)           Exhibits

Exhibit Number                         Description

Exhibit 99.1                           Press Release dated May 6, 2005



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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.

                                      GULFWEST ENERGY INC.

Date:    May 12, 2005                 /s/ Allan D. Keel
                                      ------------------------------------------
                                      Allan D. Keel
                                      President and Chief Executive Officer


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                                  Exhibit Index

Exhibit Number                         Description

Exhibit 99.1                           Press Release dated May 6, 2005