FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Junot Michael Philippe

2. Date of Event Requiring Statement (MM/DD/YYYY)
10/2/2008 

3. Issuer Name and Ticker or Trading Symbol

TEXHOMA ENERGY INC [TXHE.OB]

(Last)        (First)        (Middle)

CASTELLANA 100

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            ___ X ___ 10% Owner
_____ Officer (give title below)          _____ Other (specify below)

(Street)

MADRID, U3 28046       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 		2. Amount of Securities Beneficially Owned
(Instr. 4) 		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 		4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   (1) 14800000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Promissory Notes   (2) (3) 11/28/2007   11/28/2008   Common Stock   10000000   $0.0125   D    
Convertible Promissory Notes   (2) (3) 12/19/2007   12/19/2008   Common Stock   10000000   $0.0125   D    
Class A Warrants   (2) (3) 11/28/2007   11/28/2009   Common Stock   5000000   $0.02   D    
Class B Warrants   (2) (3) 11/28/2007   11/28/2009   Common Stock   5000000   $0.03   D    
Class A Warrants   (2) (3) 12/19/2007   12/29/2009   Common Stock   5000000   $0.02   D    
Class B Warrants   (2) (3) 12/19/2007   12/19/2009   Common Stock   5000000   $0.03   D    

Explanation of Responses:
( 1)  On or about May 2007, Philippe Junot acquired 4,800,000 shares of the issuer's common stock for an aggregate of $60,000 ($0.0125 per share). On or about October 2, 2008, with an effective date of September 1, 2008, the issuer and Mr. Junot entered into a Consulting Agreement whereby the issuer agreed to issue Mr. Junot 10,000,000 shares of common stock in consideration for Mr. Junot agreeing to provide the issuer consulting services for a term of one (1) year, which shares have not been issued to date.
( 2)  In August 2008, Pagest Services SA, a Swiss company, assigned its rights to two (2) Convertible Promissory Notes in the aggregate amount of $250,000 and Class A and Class B Warrants, each to purchase 10,000,000 shares of the issuer's common stock. On October 2, 2008, Mr. Junot entered into an Idemnification Agreement, whereby he agreed to idemnify the Registrant against any claims that may be brought in connection with the assignment, the date of which Idemnification Agreement the Registrant is recognizing as the effective date of the assignment.
( 3)  The Convertible Promissory Notes have conversion price of $0.0125 and are convertible at the option of the holder. The Convertible Promissory Notes are due on November 19, 2007, in connection with $125,000 in Convertible Promissory Notes and December 19, 2008, in connection with $125,000 in Convertible Promissory Notes. The Class A Warrants have an exercise price of $0.02 and are exercisable for a period of two (2) years from their grant date. The Class B Warrants have an exercise price of $0.03 and are exercisable for a period of two (2) years from their grant date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Junot Michael Philippe
CASTELLANA 100
MADRID, U3 28046
X


Signatures
/s/ Philippe Junot 10/10/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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