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Rancher Energy Corp.
Symbol:  RNCH


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Business Summary: Rancher Energy Corp. engages in the development, production, and marketing of oil and gas in North America.
 
Address
  999-18th Street
  Suite 3400
  Denver , CO 80202
  Phone: 303-629-1125
  Website: http://www.rancherenergy.com
Auditor
  Hein & Associates
Transfer Agent
  Corporate Stock Transfer, Inc.
Employees:  11
ShareHolders:  227
Founded:  2004
Domicile:  Nevada
 
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Rancher Energy Corp.
Symbol:  RNCH


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Rancher Energy Corp. engages in the development, production, and marketing of oil and gas in North America. It operates three fields, including the South Glenrock B Field, the Big Muddy Field, and the Cole Creek South Field in the Powder River Basin, Wyoming in the Rocky Mountain region of the United States. The company, formerly known as Metalex Resources, Inc., was founded in 2004 and is headquartered in Denver, Colorado.
History:  INCORPORATED in Nevada Feb. 4, 2004, as Metalex Resources, Inc.; name changed to Rancher Energy Corp. in April 2006. December 22, 2006, purchased certain oil and gas properties for $46,750,000, before adjustments for the period from the effective date to the closing date, plus costs of $323,657 and warrants to purchase 250,000 Common shares. The oil and gas properties consisted of a 100% working interest (79.3% net revenue interest) in the Cole Creek South Field; and a 93.6% working interest (74.5% net revenue interest) in the South Glenrock B Field. The properties are located in Wyoming's Powder River Basin. January 4, 2007, acquired the Big Muddy Field, which is located in the Powder River Basin. The total purchase price was $25,000,000, and closing costs were $672,638.
 
Subsidiaries:
Rancher Energy Wyoming, LLC
 
 
 
 
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Rancher Energy Corp.
Symbol:  RNCH


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Management
OfficersPosition
 John  WorksPresident, Secretary, Treasurer, Chief Executive Officer & Chief Financial Officer
 Richard E. KurtenbachChief Accounting Officer
 Jay  PfeifferInvestor Relations Contact

Directors
 William A. Anderson
 Joseph P. McCoy
 Patrick M. Murray
 Myron M. Sheinfeld
 John  Works
 Mark  Worthey
 
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Rancher Energy Corp.
Symbol:  RNCH


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Capitalization as of 09/30/2008:
 
 Authorized SharesOutstanding Shares
Common $0.00001 par275,000,000116,112,855
 
LONG TERM DEBT: None.
 
Common $0.00001 par
 
COMMON OFFERED: April 22, 2005, the company offered a minimum of 1,000,000 and a maximum of 2,000,000 Common shares at $0.10 per share. The offering, which was not underwritten, was completed on June 6, 2005. The company sold 2,000,000 shares in the offering.
 
Stockholders:  07/08/2008, 227.
PRINCIPAL STOCKHOLDERS: July 7, 2008, Millennium Global Investments Limited owned or controlled 9.6% of the Common, and RAB Special Situations (Master) Fund Ltd. 9.1%.
 
Transfer Agent:  Corporate Stock Transfer, Inc.   Denver , CO
 
OTC Bulletin Board( Primary): RNCH
 
ExchangeYearHighLow
OTC Bulletin Board20080.76000.0100
OTC Bulletin Board20073.46000.1800
OTC Bulletin Board20063.38000.0114
 
DIVIDENDS: Common $0.00001 par: No cash. Common split 14-for-1, Jan. 31, 2006.
 
 
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Rancher Energy Corp.
Symbol:  RNCH


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Annual Report
 
Income Statement
  20082007
Total revs.5,3881,162
Gen. & admin. exps.7,5384,512
Exploration costs224334
Lease oper. exps.2,906668
Depr. & amort.1,361376
Other oper. exps.894166
Prov. for impairment of properties--734
Interest & other income233208
Interest expense79538
Amort. of defr. financing costs2,423538
Liquidated damages pursuant to registration rights arrangement2,6452,705
Net income(13,165)(8,702)
Share earns. basic($0.12)($0.16)
Share earns. diluted(0.12)($0.16)
 
Balance Sheet
  20082007
Assets:
Cash & equiv.6,8425,130
Accts. rec., net1,171454
Tot. curr assets8,0135,584
Oil & gas property73,26174,283
Net property997514
Other assets1,300643
Total assets83,57181,478
Liabilities:
Accts. pay. & accruals2,1141,543
Accrued oil & gas property costs250250
Derivative liab.590--
Note pay.9,712--
Asset retirement obligation337196
Liquidated damages pursuant to registration rights arrangement--2,705
Tot. curr. liabs.13,0054,694
Asset retirement obligation9221,026
Derivative liab.247--
Com. stk. p.$0.0000111
Paid-in cap.91,79084,986
Retained earns.(22,394)(9,229)
Total liabs.83,57181,478
 
 * On December 22, 2006, the Company purchased certain oil & gas properties consisting of a 100% working interest (79.3% net revenue interest) in the Cole Creek South Field, and a 93.6% working interest (74.5% net revenue interest) in the South Glenrock B Field. On Jan. 4, 2007, the Company acquired the Big Muddy Field, consisting of approximately 8,500 acres located in the Powder River Basin east of Casper, Wyoming. Assuming the acquisitions had occurred on April 1, 2005, The company reported pro forma revenues would have been $4,959,813 for the year ended Mar. 31 '07 and $4,602,601 for the year ended Mar. 31 '06.
 
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Rancher Energy Corp.
Symbol:  RNCH


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Interim Report   
 
Data Not Available
 
 
 
 
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Rancher Energy Corp.
Symbol:  RNCH


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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Rancher Energy Corp.
Symbol:  RNCH


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   11,900,000
  2009   22,000,000
  2009   3750,000
  2008   11,330,000
  2008   21,650,000
  2008   31,700,000
  2008   41,660,000
  2008   Full Year 6,340,000
  2006   Full Year 1,160,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2008   1(3,900,000)
  2008   2(7,320,000)
  2008   3(33,430,000)
  2008   Full Year (13,160,000)
  2007   1(3,780,000)
  2007   2(2,630,000)
  2007   3(3,310,000)
  2007   4(3,450,000)
  2007   Full Year (8,700,000)
  2006   Full Year (120,000)
  2005   Full Year (30,000)
  2004   Full Year (70,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2009   1(.03)
  2009   2(.06)
  2009   3(.29)
  2008   1(.04)
  2008   2(.02)
  2008   3(.03)
  2008   4(.03)
  2008   Full Year (.12)
  2007   Full Year (.16)
 
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