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 (Date of earliest event reported): ~~March~~April 178, 2009 (~~March~~April 56, 2009)

Knight Energy Corp.

(Exact name of registrant as specified in its charter)


Maryland	000-52470	87-0583192
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

909 Lake Carolyn Parkway, Suite 850, Irving, TX 75039

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (770) 777-6795

N/A (Former name or former address, if changed since last report)

(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 (see General Instruction A.2. below):

[ ] ~~Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)~~

~~[ ] Soliciting~~Written ~~material~~communications pursuant to Rule ~~14a-12~~425 under the ~~Exchange~~Securities Act (17 CFR ~~240~~230.~~14a-12~~425)

[ ] ~~Pre-commencement~~] ~~communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))~~

[Soliciting ~~] Pre-commencement~~material ~~communications~~ pursuant to Rule ~~13e~~14a-~~4(c)~~12 under the Exchange Act (17 CFR 240.~~13e~~14a-~~4(c~~12))

~~Item~~[ ~~2.04~~]

~~Triggering~~Pre-commencement ~~Events~~communications ~~That~~pursuant ~~Accelerate~~to orRule ~~Increase~~14d-2(b) aunder ~~Direct~~the ~~Financial~~Exchange ~~Obligation~~Act or(17 anCFR ~~Obligation under an Off-Balance Sheet Arrangement~~240.14d-2(b))

On[ March 12, 2009, Knight Energy Corp. (the “Company”) received a letter from HD Special-Situations, L.P. (the “Lender”) notifying the Company that the Lender had commenced foreclosure proceedings with respect to the assets (the “Assets”) that secure the Company’s obligations under the $4,250,000 15% Senior Secured Promissory Note (the “Note”) that the Company issued to the Lender in October 2008. The March 12, 2009 letter effectively served as a triggering event accelerating the Company’s obligations under the Note because the Lender previously had waived the default but preserved its right to give notice of foreclosure and to proceed to foreclose as described below. On February 5, 2009 the Lender advised the Company of the occurrence of certain “Events of Default” under the Note, which the Lender subsequently waived shortly after the February 5, 2009 letter was delivered to the Company. Thereafter, on February 24, 2009 the Lender notified the Company that it intended to commence foreclosure proceedings regarding the Assets. However, after discussions between the Lender and the Company, on February 27, 2009 this notice also was withdrawn, and the Lender agreed to discontinue the foreclosure proceedings, while reserving the right to reinitiate those proceedings at its discretion. The Lender subsequently exercised its right to reinitiate these proceedings in its March 12, 2009 letter, and the Company’s obligations under the Note were effectively accelerated.]

~~The~~Pre-commencement ~~current~~communications ~~amount~~pursuant ~~due~~to onRule ~~the Note is $~~13e-4~~,250,000,~~(c) ~~plus~~under ~~accrued interest of approximately $135,000, as of March 1, 2009, and as a result of~~ the ~~initiation~~Exchange ofAct ~~the~~(17 ~~foreclosure~~CFR ~~proceedings, the Assets have been posted for a foreclosure sale to occur at the Stephens County Courthouse in Breckenridge, Texas no earlier than April 7, 2009~~240. 13e-4(c))

~~Item~~ITEM 81.0103

~~Other~~BANKRUPTCY ~~Events.~~OR RECEIVERSHIP

On ~~March~~April 56, 2009 Knight Energy Corp. (“Knight”) filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division (the "Court") (Case No. 09-32163-11). Also on April 6, 2009, Charles Hill Drilling, Inc. (“CHD”), the wholly -owned subsidiary of ~~the Company~~Knight, ~~received~~filed ~~notice~~a ~~from~~voluntary ~~the~~petition ~~Internal Revenue~~for ~~Service~~reorganization ~~(the~~under ~~“IRS”)~~Chapter ~~that~~11 of the ~~IRS~~Bankruptcy ~~had~~Code ~~filed~~in athe ~~lien~~Court ~~against~~(Case ~~CHD’s~~No. ~~current~~09-32165-11). A ~~property,~~United ~~and~~States ~~any~~Trustee ~~property~~has ~~that~~not ityet ~~acquires~~been appointed in ~~the~~these ~~future,~~cases inby the ~~amount~~Court. Each of ~~$118,375.82. This~~Knight ~~lien~~and ~~represents~~CHD ~~withheld~~intend to continue to operate their respective businesses and ~~accrued~~manage ~~payroll~~their ~~taxes~~respective ~~that~~properties ~~have~~as ~~not~~debtors-in-possession ~~been~~under ~~paid~~the byjurisdiction ~~CHD~~of ~~for~~the Court and in accordance with the ~~periods~~applicable ~~ended~~provisions ~~June~~of ~~30,~~the ~~2008~~Bankruptcy Code and ~~September~~orders ~~30,~~of ~~2008~~the Court.

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.

Dated: ~~March~~April 178, 2009

Knight Energy Corp.

By:

/s/ William J. Bosso

Title:

Chief Executive Officer

Filing Compare · Knight Energy Corp.