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<SEC-DOCUMENT>0001010549-08-000380.txt : 20080514
<SEC-HEADER>0001010549-08-000380.hdr.sgml : 20080514
<ACCEPTANCE-DATETIME>20080514132200
ACCESSION NUMBER:		0001010549-08-000380
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080509
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080514
DATE AS OF CHANGE:		20080514

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CabelTel International Corp
		CENTRAL INDEX KEY:			0000105744
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				752399477
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08187
		FILM NUMBER:		08830732

	BUSINESS ADDRESS:	
		STREET 1:		1755 WITTINGTON PLACE
		STREET 2:		SUITE 340
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		9724078400

	MAIL ADDRESS:	
		STREET 1:		1755 WITTINGTON PLACE
		STREET 2:		SUITE 340
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GREENBRIAR CORP
		DATE OF NAME CHANGE:	19960514

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDICAL RESOURCE COMPANIES OF AMERICA
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WESPAC INVESTORS TRUST
		DATE OF NAME CHANGE:	19900605
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>cic8k051408.txt
<TEXT>
                                  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


         Date of Report (Date of earliest event reported): May 9, 2008
                                                           -----------


                       CABELTEL INTERNATIONAL CORPORATION
                       ----------------------------------
             (Exact Name of Registrant as Specified in its Charter)



            Nevada                     000-08187                 75-2399477
        (State or other              (Commission              (I.R.S. Employer
 jurisdiction of incorporation)        File No.)             Identification No.)




         1755 Wittington Place, Suite 340                       75234
                   Dallas, Texas
     (Address of principal executive offices)                 (Zip Code)


Registrant's telephone number, including area code         972-407-8400
                                                           ------------



         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:

[ ]  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))





<PAGE>


Item 2.01.  Completion of Acquisition or Disposition of Assets


         On  May  9,  2008,  CabelTel   International   Corporation,   a  Nevada
corporation  (the  "Company" or the "Issuer" or the  "Registrant")  sold certain
mineral leasehold  interest rights in the Fayetteville Shale area of Arkansas to
XTO Energy,  Inc.,  a Delaware  corporation.  In  addition to selling  leasehold
interest  at  approximately  1,712  net  acres of  land,  the  Company  also had
exercised  an option to acquire an  additional  2,398 net acres of land and sold
those interests to XTO Energy,  Inc. as well. XTO Energy, Inc. is not affiliated
with the Company other than in respect of the transaction.  The sale resulted in
the Company  receiving cash of approximately  $16,440,000 and recording an after
tax gain of approximately $14,500,000. The Company intends to continue to pursue
opportunities to acquire existing oil and gas operations  and/or acquire mineral
leasehold interest rights for the purpose of developing oil and gas operations.


Section 9 - Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

        (d) Exhibits.

        The following exhibit is furnished with this Report:


       Exhibit
    Designation                    Description of Exhibit

        99.1*                  Press Release dated May 14, 2008

- ---------------------
 *Furnished herewith.





<PAGE>

                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has caused this Current  Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly-authorized.

       Dated: May 13, 2008          CABELTEL INTERNATIONAL CORPORATION


                                    By:     /s/ Gene S. Bertcher
                                        ----------------------------------------
                                           Gene S. Bertcher, President and Chief
                                           Financial Officer























</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>cic8kex991051408.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
CabelTEL
International Corporation
                                                                    Exhibit 99.1


                        CABELTEL SELLS MINERAL INTERESTS


For Immediate Release                                    Contact: Oscar Smith
                                                                  Gene Bertcher
                                                                  (972) 407-8400


 Dallas, Texas (Business Wire) May 14, 2008: CabelTel International  Corporation
(AMEX: GBR, "the Company"),  a Dallas-based  company announced today that on May
9, 2008 the  Company  sold  certain  mineral  interest  leasehold  rights in the
Fayetteville  Shale area of Arkansas to an unrelated third party. In addition to
selling  approximately  1,712  acres the  Company  also  exercised  an option to
acquire an additional  2,398 acres and sold those interests to the same party at
the same time.  The sale of these  interests  resulted in the Company  receiving
cash  of  approximately   $16  million  and  recording  an  after  tax  gain  of
approximately $14.5 million.

According to Gene S.  Bertcher,  President  and Chief  Executive  Officer,  "The
Company intends to continue to pursue  opportunities to acquire existing oil and
gas  operations  and or acquire  mineral  leasehold  rights  for the  purpose of
developing oil and gas operations in the future."



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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