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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">FORM 8-K</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report: December 3, 2013</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>RANCHER ENERGY CORP.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified
in its charter)</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%; text-align: center; font-size: 10pt"><B>&#9;Nevada</B></TD>
    <TD STYLE="width: 34%; text-align: center; font-size: 10pt"><B>000-51425</B></TD>
    <TD STYLE="width: 33%; text-align: center; font-size: 10pt"><B>&#9;98-0422451</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left; font-size: 10pt">
    <TD STYLE="text-align: center; font-size: 10pt">(State or other jurisdiction of&#9;</TD>
    <TD STYLE="text-align: center; font-size: 10pt">&#9;(Commission File</TD>
    <TD STYLE="text-align: center; font-size: 10pt">&#9;(IRS
Employer Identification</TD></TR>
<TR STYLE="vertical-align: top; text-align: left; font-size: 10pt">
    <TD STYLE="text-align: center; font-size: 10pt">of incorporation)</TD>
    <TD STYLE="text-align: center; font-size: 10pt">&#9;Number)</TD>
    <TD STYLE="text-align: center; font-size: 10pt">Number)</TD></TR>
</TABLE>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>P.O. Box 40, Henderson, Colorado 80640</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of Principal Executive Offices)
(Zip Code)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(303) 629-1125</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant's telephone number, including
area code</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Not Applicable</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(Former name or former address, if changed
since last report)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">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:</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">[&nbsp;&nbsp; ]&#9;Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">[ &nbsp;&nbsp;] &#9;Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">[ &nbsp;&nbsp;]&#9;Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">[&nbsp;&nbsp;]&#9;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; border-bottom: Black 1pt solid">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt"><B>SECTION 5 &ndash; CORPORATE GOVERNANCE AND MANAGEMENT</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.1in">&#9;(e) &#9;On December 3, 2013, the Rancher Energy
Corp. board of directors granted non-qualified stock options to each of its four directors: Jon C. Nicolaysen, Mathijs van Houweninge,
Jeffrey B. Bennett, and A.L. (Sid) Overton (together the &ldquo;Directors&rdquo;). In addition to being a member of the board of
directors, Mr. Nicolaysen is Rancher&rsquo;s principal executive officer and president.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt">The options vested on grant and gave each director
the right to acquire 2,500,000 shares of Rancher common stock for ten years at an exercise price of $0.01 per share. These options
were not granted pursuant to any stock option plan but pursuant to an option agreement executed by Rancher and each director. Under
the option agreements (and in addition to standard anti-dilution events), the exercise price for the options granted shall be reduced
to any lower exercise price for options that may be granted by the Board to any director, officer, or employee of Rancher through
December 2, 2015.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt">Each of the Directors surrendered for cancellation
options they had previously held to acquire 2,500,000 shares that were granted under Rancher&rsquo;s 2006 Stock Incentive Plan
(the &ldquo;Old Options&rdquo;). The Old Options were fully vested, and were exercisable through October 27, 2019 for a price of
$0.035 per share. The Old Options were canceled and are of no further force or effect.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt"><B>SECTION 8 &ndash; OTHER EVENTS</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Item 8.01 Other Events.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt">As previously reported on Rancher&rsquo;s
Current Report on Form 8-K dated October 3, 2013, Rancher is a party to a Participation Agreement for the drilling of two
wells in the Niobrara formation in northern Colorado, named Kowach #3-25 and Voloshin #3-25.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt">As of the date of this Current Report, the drilling
of the Kowach #3-25 well has reached total vertical depth of approximately 7,900 feet. Based on positive testing (but cognizant
of the remaining risks), Rancher and the other working interest owners elected to complete the Kowach #3-25 well. This completion
will not be commenced until after the Voloshin #3-25 well is drilled.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt">Rancher and the other working interest owners also
elected to drill the second well, Voloshin #3-25, which was spudded on November 30, 2013.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt">Although Rancher is optimistic about the
wells, Rancher does not know whether the wells will be capable of sustained commercial production, and it will not know until
the wells are completed and production (if any) commences.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt; border-bottom: Black 1pt solid">&nbsp;</P>


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<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt"><B>SECTION 9 &ndash; FINANCIAL STATEMENTS AND EXHIBITS</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Item 9.01 Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt">(d)&#9;<I>Exhibits</I></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt">10.1&#9;Form of Option Agreement</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">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.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>RANCHER ENERGY CORP.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">By: &#9;&nbsp;&nbsp;<U>/s/ Jon C. Nicolaysen</U></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 22pt; text-indent: 0.1in; text-align: left">Jon C. Nicolaysen, President and</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 22pt; text-indent: 0.1in">Chief Executive Officer</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Date: December 9, 2013</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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[{"type": "8-K", "sequence": "1", "filename": "rancher8k1232013.htm", "description": "FORM 8-K", "secsgml_size_bytes": 13115}]
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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: December 3, 2013
RANCHER ENERGY CORP.
(Exact name of registrant as specified
in its charter)
Nevada
000-51425
98-0422451
(State or other jurisdiction of
(Commission File
(IRS
Employer Identification
of incorporation)
Number)
Number)
P.O. Box 40, Henderson, Colorado 80640
(Address of Principal Executive Offices)
(Zip Code)
(303) 629-1125
Registrant's telephone number, including
area code
Not Applicable
(Former name or former address, if changed
since last report)
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)
SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) 	On December 3, 2013, the Rancher Energy
Corp. board of directors granted non-qualified stock options to each of its four directors: Jon C. Nicolaysen, Mathijs van Houweninge,
Jeffrey B. Bennett, and A.L. (Sid) Overton (together the "Directors"). In addition to being a member of the board of
directors, Mr. Nicolaysen is Rancher's principal executive officer and president.
The options vested on grant and gave each director
the right to acquire 2,500,000 shares of Rancher common stock for ten years at an exercise price of $0.01 per share. These options
were not granted pursuant to any stock option plan but pursuant to an option agreement executed by Rancher and each director. Under
the option agreements (and in addition to standard anti-dilution events), the exercise price for the options granted shall be reduced
to any lower exercise price for options that may be granted by the Board to any director, officer, or employee of Rancher through
December 2, 2015.
Each of the Directors surrendered for cancellation
options they had previously held to acquire 2,500,000 shares that were granted under Rancher's 2006 Stock Incentive Plan
(the "Old Options"). The Old Options were fully vested, and were exercisable through October 27, 2019 for a price of
$0.035 per share. The Old Options were canceled and are of no further force or effect.
SECTION 8 – OTHER EVENTS
Item 8.01 Other Events.
As previously reported on Rancher's
Current Report on Form 8-K dated October 3, 2013, Rancher is a party to a Participation Agreement for the drilling of two
wells in the Niobrara formation in northern Colorado, named Kowach #3-25 and Voloshin #3-25.
As of the date of this Current Report, the drilling
of the Kowach #3-25 well has reached total vertical depth of approximately 7,900 feet. Based on positive testing (but cognizant
of the remaining risks), Rancher and the other working interest owners elected to complete the Kowach #3-25 well. This completion
will not be commenced until after the Voloshin #3-25 well is drilled.
Rancher and the other working interest owners also
elected to drill the second well, Voloshin #3-25, which was spudded on November 30, 2013.
Although Rancher is optimistic about the
wells, Rancher does not know whether the wells will be capable of sustained commercial production, and it will not know until
the wells are completed and production (if any) commences.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
10.1	Form of Option Agreement
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.
RANCHER ENERGY CORP.
By:
/s/ Jon C. Nicolaysen
Jon C. Nicolaysen, President and
Chief Executive Officer
Date: December 9, 2013