SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  F O R M 8 - K

                                 CURRENT REPORT


          Pursuant to Section 13 or 15(d) of the Securities Act of 1934


       Date of Report (date of earliest event reported) January 13, 1997



                              COLUMBUS ENERGY CORP.
             (Exact name of registrant as specified in its charter)


       Colorado                     1-9872                          84-0891713
(State or other jurisdiction     (Commission                      (IRS Employer
      of incorporation)          File Number)                     Identification
                                                                        No.)


             1660 Lincoln Street, Denver Colorado           80264
           (Address of Principal executive offices)       (Zip Code)


                                 (303) 861-5252
              (Registrant's telephone number, including area code)


                                    No Change
          (Former name or former address, if changed since last report)
<PAGE>

ITEM 5. OTHER EVENTS

     On January 13, 1997,  Columbus  Energy Corp.  filed with the Securities and
Exchange Commission a registration statement covering 400,000 shares of Series A
7%  Convertible  Preferred  Stock  ("Preferred  Stock")  with a $25.00 per share
redemption  price which will be offered to the Company common  shareholders by a
subscription  rights  offering.  Each  shareholder will receive one subscription
right  for each  share of  common  stock  held on a record  date  which  will be
determined  shortly before the  registration  statement is to become  effective.
Eight rights will be required for each share of Preferred  Stock  exercised plus
$25.00 in cash; however,  purchasers of 100-share round lots may tender, in lieu
of cash,  up to 100  shares of common  stock and  receive a credit of $12.50 per
share,  therefor up to a maximum  allowed  credit of $1,250.00  toward the total
purchase price of $2,500.00 for each round lot. Those persons  exercising  their
primary  subscription  fully will also be allowed to  oversubscribe,  subject to
allotment.

     The Company will not determine the conversion  ratio at which each share of
Preferred   Stock  may  be  converted  into  Columbus  common  stock  until  the
registration statement is to become effective. The offering will be made only by
prospectus,  after  the  registration  statement  becomes  effective,  during an
approximate  three-week period and the subscription rights are expected to trade
on the American Stock Exchange  ("Amex") during most of the period.  The Company
plans to apply for  listing of the  Preferred  Stock on the Amex and  management
believes approval will occur assuming the Amex's requirements are met.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

     (C) Exhibits:

          No. 28 - Columbus Energy Corp. press release dated January 13, 1997.


                                    SIGNATURE

     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 thereunto duly authorized.

                                          COLUMBUS ENERGY CORP.
                                          (Registrant)



DATE: January 14, 1997                    BY:/s/H. C. Gutjahr
                                          -------------------
                                          H. C. Gutjahr
                                          Corporate Secretary
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SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  F O R M 8 - K

                                 CURRENT REPORT

          Pursuant to Section 13 or 15(d) of the Securities Act of 1934

       Date of Report (date of earliest event reported) January 13, 1997

                              COLUMBUS ENERGY CORP.
             (Exact name of registrant as specified in its charter)

       Colorado                     1-9872                          84-0891713
(State or other jurisdiction     (Commission                      (IRS Employer
      of incorporation)          File Number)                     Identification
                                                                        No.)

             1660 Lincoln Street, Denver Colorado           80264
           (Address of Principal executive offices)       (Zip Code)

                                 (303) 861-5252
              (Registrant's telephone number, including area code)

                                    No Change
          (Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS

     On January 13, 1997,  Columbus  Energy Corp.  filed with the Securities and
Exchange Commission a registration statement covering 400,000 shares of Series A
7%  Convertible  Preferred  Stock  ("Preferred  Stock")  with a $25.00 per share
redemption  price which will be offered to the Company common  shareholders by a
subscription  rights  offering.  Each  shareholder will receive one subscription
right  for each  share of  common  stock  held on a record  date  which  will be
determined  shortly before the  registration  statement is to become  effective.
Eight rights will be required for each share of Preferred  Stock  exercised plus
$25.00 in cash; however,  purchasers of 100-share round lots may tender, in lieu
of cash,  up to 100  shares of common  stock and  receive a credit of $12.50 per
share,  therefor up to a maximum  allowed  credit of $1,250.00  toward the total
purchase price of $2,500.00 for each round lot. Those persons  exercising  their
primary  subscription  fully will also be allowed to  oversubscribe,  subject to
allotment.

     The Company will not determine the conversion  ratio at which each share of
Preferred   Stock  may  be  converted  into  Columbus  common  stock  until  the
registration statement is to become effective. The offering will be made only by
prospectus,  after  the  registration  statement  becomes  effective,  during an
approximate  three-week period and the subscription rights are expected to trade
on the American Stock Exchange  ("Amex") during most of the period.  The Company
plans to apply for  listing of the  Preferred  Stock on the Amex and  management
believes approval will occur assuming the Amex's requirements are met.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

     (C) Exhibits:

          No. 28 - Columbus Energy Corp. press release dated January 13, 1997.

                                    SIGNATURE

     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 thereunto duly authorized.

                                          COLUMBUS ENERGY CORP.
                                          (Registrant)

DATE: January 14, 1997                    BY:/s/H. C. Gutjahr
                                          -------------------
                                          H. C. Gutjahr
                                          Corporate Secretary