OTC Bulletin Board S & P Company Insight for RANCHER ENERGY CORP
Profile
	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
Background
	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
Management
	Management Officers Position  John  Works President, Secretary, Treasurer, Chief Executive Officer & Chief Financial Officer  Richard E. Kurtenbach Chief Accounting Officer  Jay  Pfeiffer Investor Relations Contact Directors  William A. Anderson  Joseph P. McCoy  Patrick M. Murray  Myron M. Sheinfeld  John  Works  Mark  Worthey
Annual Report
	Annual Report   Income Statement   2008 2007 Total revs. 5,388 1,162 Gen. & admin. exps. 7,538 4,512 Exploration costs 224 334 Lease oper. exps. 2,906 668 Depr. & amort. 1,361 376 Other oper. exps. 894 166 Prov. for impairment of properties -- 734 Interest & other income 233 208 Interest expense 795 38 Amort. of defr. financing costs 2,423 538 Liquidated damages pursuant to registration rights arrangement 2,645 2,705 Net income (13,165) (8,702) Share earns. basic ($0.12) ($0.16) Share earns. diluted (0.12) ($0.16)   Balance Sheet   2008 2007 Assets: Cash & equiv. 6,842 5,130 Accts. rec., net 1,171 454 Tot. curr assets 8,013 5,584 Oil & gas property 73,261 74,283 Net property 997 514 Other assets 1,300 643 Total assets 83,571 81,478 Liabilities: Accts. pay. & accruals 2,114 1,543 Accrued oil & gas property costs 250 250 Derivative liab. 590 -- Note pay. 9,712 -- Asset retirement obligation 337 196 Liquidated damages pursuant to registration rights arrangement -- 2,705 Tot. curr. liabs. 13,005 4,694 Asset retirement obligation 922 1,026 Derivative liab. 247 -- Com. stk. p.$0.00001 1 1 Paid-in cap. 91,790 84,986 Retained earns. (22,394) (9,229) Total liabs. 83,571 81,478    * 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 $4,602,601 for the year ended Mar. 31 '06.
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   1 1,900,000   2009   2 2,000,000   2009   3 750,000   2008   1 1,330,000   2008   2 1,650,000   2008   3 1,700,000   2008   4 1,660,000   2008   Full Year 6,340,000   2006   Full Year 1,160,000     Quarterly Net Income, US$ Year Quarter Revenue   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$ Year Quarter Revenue   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)
Stock Data
	Capitalization as of 09/30/2008:     Authorized Shares Outstanding Shares Common $0.00001 par 275,000,000 116,112,855   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   Exchange Year High Low OTC Bulletin Board 2008 0.7600 0.0100 OTC Bulletin Board 2007 3.4600 0.1800 OTC Bulletin Board 2006 3.3800 0.0114   DIVIDENDS: Common $0.00001 par: No cash. Common split 14-for-1, Jan. 31, 2006.