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: October 810, 2014

(Date of earliest event reported)

BLUE WATER PETROLEUM CORP.

(Exact Name of Registrant as Specified in Charter)

Nevada

(State or Other Jurisdiction of Incorporation)

333-169770

(Commission File Number)

46-2934710

(IRS Employer Identification No.)

6025 S. Quebec, Suite 100, Centennial, CO

(Address of principal executive offices)

80111

(Zip Code)

Registrant’s telephone number, including area code: (888) 498-8880

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))

~~Item~~ITEM 51.02 ~~Departure~~Termination of ~~Directors~~a orMaterial ~~Certain~~Definitive ~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~Agreement.

~~(a) Resignation of Director~~ On ~~October~~July 82, ~~2014~~2013, ~~Fred~~Blue ~~Taylor~~Water ~~resigned~~Petroleum ~~from~~Corp. ~~his~~(the ~~position~~“Company”, as“we”, a“us” ~~member~~or of“our”) ~~the~~entered ~~board~~into ofa ~~directors~~Farmout Agreement (the “~~Board~~Farmout Agreement”) ofwith Blue Water Petroleum ~~Corp.~~LLC (“Farmor”) relating to certain leased lands (the “~~Company~~Leased Lands”). Mrrepresented by 12,979.28 ~~Taylor’s~~gross ~~resignation~~acres ~~was~~located ~~not~~in Big Horn County, Montana. Under the ~~result~~Farmout ofAgreement, ~~any~~Farmor ~~disagreements~~granted ~~with~~to the Company, onas ~~any~~farmee, ~~matters~~all ~~relating~~of Farmor’s right, title and interest in and to the ~~Company’s~~leases ~~operations~~(the “Leases”) covering the Leased Lands, ~~policies~~subject orto ~~practices~~the completion of the Work Program (as defined in the Farmout Agreement). Farmor ~~The~~reserved ~~Company~~and ~~would~~retained ~~like~~an 8% royalty interest in the Leases prior to ~~thank~~Payout ~~Mr.~~(as ~~Taylor~~defined in the Farmout Agreement) and a 16% royalty interest in the Leases after Payout for ~~his~~each ~~years~~40 ofacre ~~dedicated~~drillsite, ~~service~~or portion thereof, located within the Leased Lands.

On October 10, 2014, Farmor notified the Company that the Company was in default (the “Notice”) under the Farmout Agreement and terminated the Farmout Agreement. In the Notice, Farmor notified the Company that the Company failed to meet the Farmout Agreement’s conditions with respect to the Company’s drilling obligations and its obligations to make certain payments to the Farmor.

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.

	BLUE WATER PETROLEUM CORP.
DATE: October 15, 2014	By:	/s/ Thomas Hynes
DATE: October 17, 2014	By:	/s/ Thomas Hynes
		Thomas Hynes Chief Executive Officer

Filing Compare · Blue Water Petroleum Corp.