FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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OMB Number: 3235-0287
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

JOBANPUTRA KARIM 		2. Issuer Name and Ticker or Trading Symbol

SKY PETROLEUM, INC. [ SKPI.OB ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

P.O. BOX 82 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/14/2012
(Street)

DOHA, S3 00000
(City)        (State)        (Zip)
4. 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   5/14/2012     P    2000000   A $.25   2000000   I   See Footnote   (1)
Common Stock   5/16/2012     P    65000   A $.15   2065000   I   See Footnote   (1)
Common Stock   5/22/2012     P    100000   A $.15   2165000   I   See Footnote   (1)
Common Stock                  12140200   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class A Warrants     (2) 5/14/2012     P      4000000         (2)   (2) Common Stock   4000000     (2) 4000000   I   See Footnote   (1)

Explanation of Responses:
( 1)  Held through Ocean Ridge Investments Limited S.A. The reporting person has a 75% controlling interest and 75% ownership interest in Ocean Ridge Investments Limited S.A.
( 2)  Ocean Ridge Investments Limited S.A. purchased 2,000,000 Class A units. Each Class A unit consists of 1 common share and 1 Class A warrant. Each Class A warrant is convertible into 1 Class B unit at an exercise price of $0.35 per Class B unit until 5/14/13. Each Class B unit consists of 1 common share and 1 Class B warrant. Each Class B warrant is exercisable to acquire 1 common share at an exercise price of $0.60 per share until 5/14/14.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
JOBANPUTRA KARIM
P.O. BOX 82
DOHA, S3 00000 		X



Signatures
/s/ Karim Jobanputra 5/23/2012
** 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 4(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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