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): November 20, 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)



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ITEM 5. OTHER EVENTS.

          On November 20, 2003, the Company filed its monthly operating report
for October 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 October,
               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: NOVEMBER 21, 2003                  VENUS EXPLORATION, INC.


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


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