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<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">UNITED STATES</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">Washington, D.C. 20549</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">FORM 8-K</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">CURRENT REPORT</P>

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

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">Date of Report: March 10, 2014</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center"><FONT STYLE="font-size: 12pt"><B>RANCHER ENERGY
CORP.</B></FONT></P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">(Exact name of registrant as specified
in its charter)</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Nevada</B></FONT></TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>000-51425</B></FONT></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>98-0422451</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(State or other jurisdiction of</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Commission File</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(IRS Employer</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">of incorporation) </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Number)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Identification Number)</FONT></TD></TR>
</TABLE>
<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">&nbsp;</P>

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

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">(Address of Principal Executive Offices)
(Zip Code)</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center"><B>(303) 629-1125</B></P>

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

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center"><B>Not Applicable</B></P>

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

<P STYLE="margin: 0; font-size: 10pt; line-height: normal">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal">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>

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    <TD STYLE="width: 90%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)</FONT></TD></TR>
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<P STYLE="margin: 0 0 10pt; font-size: 10pt; line-height: 115%">&nbsp;</P>

<P STYLE="margin: 0 0 10pt; font-size: 10pt; line-height: normal"><B>SECTION 8 &ndash; OTHER EVENTS</B></P>

<P STYLE="margin: 0 0 10pt; font-size: 10pt; line-height: normal"><B>Item 8.01 Other Events.</B></P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: justify">As previously reported on the Current
Report on Forms 8-K dated October 3, 2013 and December 9, 2013 and on the Quarterly Report on Form 10-Q for the period ended December
31, 2013 of Rancher Energy Corp. (&ldquo;Rancher&rdquo;), Rancher is a party to a Participation Agreement for the drilling of two
wells in the Niobrara formation in Moffat County in northwestern Colorado, named Kowach #3-25 and Voloshin #3-25. Also as previously
reported, Rancher and PetroShare Corp. (&ldquo;PetroShare&rdquo;) entered into a non-binding letter of intent by which the two
parties were negotiating and pursuing a business combination (the &ldquo;LOI&rdquo;).</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: justify">As of the date of this Current Report,
PetroShare notified Rancher that Rancher owes $283,791.00 for its share of completion costs of the two wells. Rancher currently
has a substantial amount on deposit with PetroShare for costs relating to completion of the wells.</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: justify">PetroShare has alleged that it will
suspend Rancher&rsquo;s rights under the operating agreement for the two wells if Rancher fails to pay its share of the costs by
April 9, 2014, and that such failure may be considered to be Rancher&rsquo;s election not to participate in the completion of the
wells. If that occurs, Rancher would be deemed a non-participating party under operating agreement.</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: justify">In what appears to be a related move,
on March 12, 2014, PetroShare notified Rancher in writing that PetroShare thereby terminated the LOI and all negotiations for the
proposed merger with Rancher. PetroShare has taken the position that if the proposed merger as set forth in the Participation Agreement
is not completed, Rancher&rsquo;s working interest and net revenue interest in the two wells will be reduced to 25%. Rancher believes
that PetroShare itself made the completion of the merger impossible, and that Rancher should not be penalized by PetroShare&rsquo;s
actions in this regard.</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: justify">Discussions with PetroShare have not
yet commenced on these matters, and Rancher is considering its options with respect to PetroShare&rsquo;s actions and the options
available under the Participation Agreement.</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt; line-height: normal; text-align: justify">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>

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    </TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>RANCHER ENERGY CORP.</B></FONT></TD>
    </TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By: <U>/s/ Jon C. Nicolaysen</U></FONT></TD>
    </TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 22pt; line-height: 115%; font-size: 10pt">Jon C. Nicolaysen, President and</TD>
    </TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 22pt; line-height: 115%; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chief
Executive Officer</FONT></TD>
    </TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top; font-size: 10pt">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Date: March 17, 2014</FONT></TD>
    </TR>
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{"company-data": {"conformed-name": "RANCHER ENERGY CORP.", "cik": "0001287900", "assigned-sic": "1311", "irs-number": "980422451", "state-of-incorporation": "NV", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51425", "film-number": "14700206"}, "business-address": {"street1": "PO BOX 40", "city": "HENDERSON", "state": "CO", "zip": "80640", "phone": "(303) 629-1122"}, "mail-address": {"street1": "PO BOX 40", "city": "HENDERSON", "state": "CO", "zip": "80640"}, "former-company": {"former-conformed-name": "METALEX RESOURCES INC", "date-changed": "20040420"}}
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: March 10, 2014
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
of incorporation)
Number)
Identification 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 8 – OTHER EVENTS
Item 8.01 Other Events.
As previously reported on the Current
Report on Forms 8-K dated October 3, 2013 and December 9, 2013 and on the Quarterly Report on Form 10-Q for the period ended December
31, 2013 of Rancher Energy Corp. ("Rancher"), Rancher is a party to a Participation Agreement for the drilling of two
wells in the Niobrara formation in Moffat County in northwestern Colorado, named Kowach #3-25 and Voloshin #3-25. Also as previously
reported, Rancher and PetroShare Corp. ("PetroShare") entered into a non-binding letter of intent by which the two
parties were negotiating and pursuing a business combination (the "LOI").
As of the date of this Current Report,
PetroShare notified Rancher that Rancher owes $283,791.00 for its share of completion costs of the two wells. Rancher currently
has a substantial amount on deposit with PetroShare for costs relating to completion of the wells.
PetroShare has alleged that it will
suspend Rancher's rights under the operating agreement for the two wells if Rancher fails to pay its share of the costs by
April 9, 2014, and that such failure may be considered to be Rancher's election not to participate in the completion of the
wells. If that occurs, Rancher would be deemed a non-participating party under operating agreement.
In what appears to be a related move,
on March 12, 2014, PetroShare notified Rancher in writing that PetroShare thereby terminated the LOI and all negotiations for the
proposed merger with Rancher. PetroShare has taken the position that if the proposed merger as set forth in the Participation Agreement
is not completed, Rancher's working interest and net revenue interest in the two wells will be reduced to 25%. Rancher believes
that PetroShare itself made the completion of the merger impossible, and that Rancher should not be penalized by PetroShare's
actions in this regard.
Discussions with PetroShare have not
yet commenced on these matters, and Rancher is considering its options with respect to PetroShare's actions and the options
available under the Participation 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: March 17, 2014