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 23, 2006

                           SIBERIAN ENERGY GROUP INC.
                           ---------------------------
             (Exact name of registrant as specified in its charter)

                     Nevada              333-118902          52-2207080
          ---------------------------    -----------     -------------------
        (State  or  other  jurisdiction  (Commission       (IRS  Employer
              of  incorporation)         File  Number)  Identification  No.)

           275  Madison  Ave,  6th  Floor,  New  York,  NY    10016
           ----------------------------------------------------------
           (Address  of  principal  executive offices)      (Zip Code)


                                 (212)  828-3011
                         -------------------------------
                          Registrant's  telephone  number

         --------------------------------------------------------------
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))


ITEM 8.01  OTHER EVENTS

     On  October  23,  2006, Siberian Energy Group Inc. (the "Company") issued a
press  release  regarding  the  fact  that  its  50/50 joint venture with Baltic



Petroleum  (E&P)  Ltd.,  OOO Zauralneftegaz, a Russian limited liability company
received  the  results  of  the high definition 2D seismic analysis conducted on
ZNG's  blocks  in  Western  Siberia,  and  that  such  results  included  the
identification  of  two  drilling  prospects  with  a combined area of 29 square
kilometers  in  ZNG's  northern  Privolny  license  area.

The  press  release  announcing these results is filed herewith as exhibit 99.1.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS


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

99.1            Press Release announcing the results of ZNG's 2D Seismic
                Analysis


                                   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.

SIBERIAN ENERGY GROUP, INC.

By: /s/ David Zaikin
-------------------------
David Zaikin, Chief Executive Officer

Dated: October 23, 2006