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 21, 2003


                             VENUS EXPLORATION, INC.
               (Exact name of registrant specified in its charter)


                                    Delaware
                            (State of incorporation)


                0-14334                             13-3299127
       (Commission File Number)          (IRS Employer Identification No.)


                               1250 N.E. LOOP 410
                                    SUITE 205
                            SAN ANTONIO, TEXAS 78209
              (Address of Registrant's principal executive offices)




       Registrant's telephone number, including area code: (210) 930-4900



                                 Not Applicable
          (Former name or former address, if changed since last report)




ITEM 5. OTHER EVENTS.

     On October 21, 2003, the Company filed its monthly operating report for
September 2003 with the United States Bankruptcy Court for the Eastern District
of Texas. The monthly operating report is attached as an exhibit to this Current
Report on Form 8-K.

     FORWARD-LOOKING STATEMENTS.

     THIS FORM 8-K, INCLUDING EXHIBITS ATTACHED HERETO, CONTAINS STATEMENTS THAT
ARE FORWARD-LOOKING WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF
1933 AND SECTION 21E OF THE SECURITIES ACT OF 1934. INVESTORS ARE CAUTIONED THAT
ANY SUCH FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND
THAT ACTUAL RESULTS COULD DIFFER MATERIALLY AS A RESULT OF KNOWN AND UNKNOWN
RISKS AND UNCERTAINTIES, INCLUDING THE OUTCOME OF THE COMPANY'S CHAPTER 11
PROCESS, GENERAL ECONOMIC CONDITIONS, FUTURE TRENDS, AND OTHER RISKS,
UNCERTAINTIES AND FACTORS DISCLOSED IN THE COMPANY'S REPORTS ON 10-K, 10-Q, AND
8-K FILED WITH THE SEC.


THE INFORMATION CONTAINED IN THE MONTHLY OPERATING REPORT ATTACHED HERETO HAS
BEEN PREPARED IN ACCORDANCE WITH APPLICABLE LAW UNDER THE UNITED STATES
BANKRUPTCY CODE AND IS NOT TO BE USED FOR INVESTMENT PURPOSES.


ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

         ( c )

         99.1     Monthly operating report of Venus Exploration, Inc. for
                  September, 2003.



                                    SIGNATURE

     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.


Date: OCTOBER 22, 2003                                 VENUS EXPLORATION, INC.


                                                 BY:  /s/ EUGENE L. AMES, JR.
                                                         -----------------------
                                                         Eugene L. Ames, Jr.
                                                         Chief Executive Officer