UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

~~THE~~ SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of ~~earliest~~Earliest ~~event~~Event ~~reported~~Reported): March ~~November 4~~29, ~~2010~~2011

PREMIER ENERGY CORP.

(Exact name of registrant as specified in its charter)

Florida	~~333-145569~~	20333-~~8724818~~145569	20-8724818
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)
(State or other jurisdiction of incorporation)		(Commission File Number)	(I.R.S. Employer Identification No.)

14785 Preston Road, Suite 550, Dallas, Texas 75254

c/o Fleming PLLC 49 Front Street, # 206, Rockville Centre, NY York		11570
(Address of principal executive offices)		(Zip Code)

(Address of principal executive offices) (zip code)

972-789-5500

(Registrant'’s telephone number, including area code)

~~Check~~(Former ~~the~~name ~~appropriate box below~~ if ~~the~~changed ~~Form~~since ~~8-K~~last ~~filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below~~report):

[Check ]the ~~Written~~appropriate ~~communications~~box ~~pursuant~~below if the Form 8-K filing is intended to ~~Rule~~simultaneously ~~425~~satisfy ~~under~~the filing obligation of the ~~Securities~~registrant ~~Act~~under ~~(17~~any ~~CFR~~of ~~230.425)~~the following provisions:

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

[ o ]Soliciting ~~Pre-commencement~~material ~~communications~~ pursuant to Rule ~~14d~~14a-~~2(b)~~12 under the Exchange Act (17 CFR 240.~~14d~~14a-~~2(b~~12))

[ o ] Pre-commencement communications pursuant to Rule ~~13e~~14d-42(cb) under the Exchange Act (17 CFR 240.~~13e~~14d-42(cb))

1 o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item~~ITEM 14.~~01Entry~~01 ~~Into~~CHANGES aIN ~~Material~~REGISTRANT'S ~~Definitive~~CERTIFYING ~~Agreement~~ACCOUNTANT.

~~Item~~Previous ~~2.01Completion~~independent ofregistered ~~Acquisition~~public oraccounting ~~Disposition of Assets~~firm

(a) On ~~November~~April 45, ~~2010~~2011, ~~Premier Energy Corp. (~~the “Company”) ~~entered~~advised ~~into~~Audit anFirm ~~agreement and release (the~~ “~~Agreement~~Femida-Audit”), ~~with~~LLC ~~Auxerre Trading Limited~~ (“~~Auxerre~~Femida”). ~~Pursuant~~that toit ~~the~~was ~~Agreement,~~dismissed as the Company’s ~~disposed~~independent ofregistered ~~its~~public ~~entire~~accounting ~~interest~~firm. inThe ~~its subsidiary,~~decision ~~Karbon~~to ~~CJSC~~dismiss ~~(“Karbon”),~~Femida aas ~~corporation organized under~~ the ~~laws~~Company’s ofindependent ~~the~~registered ~~Russian~~public ~~Federation,~~accounting ~~and~~firm ~~Auxerre,~~was ~~owner~~approved ~~of 107,406,000~~by ~~shares of~~ the Company’s ~~common~~ ~~stock~~Board ~~(the “Auxerre Shares”), representing approximately 51% ownership~~ of ~~the~~Directors ~~Company’s issued~~on ~~and~~April ~~outstanding common shares~~5, ~~returned~~2011. ~~the~~Except ~~Auxerre~~as ~~Shares~~noted toin the ~~Company~~paragraph ~~for~~immediately ~~cancellation. Except~~below, ~~for~~ the ~~fact~~reports ~~that~~of ~~Auxerre~~Femida ~~was~~on ~~a shareholder of~~ the Company’s financial ~~prior~~statements tofor ~~close,~~the noyears ~~material~~ended ~~relationship~~December ~~exists~~31, ~~between~~2009 ~~Auxerre~~ and ~~the~~2008 ~~Company~~did ~~and/or~~not ~~its~~contain ~~affiliates,~~an ~~directors,~~adverse ~~officers~~opinion or ~~any~~disclaimer ~~associate~~ of ~~an officer or director. In addition~~opinion, ~~Auxerre has released the Company from any claims that it may have~~ and ~~assumed~~such ~~all~~reports ~~obligations,~~were ~~liabilities~~not ~~and~~qualified ~~losses~~or ofmodified ~~Karbon~~as ~~(“Existing Liabilities”) and agreed~~ to ~~indemnify~~uncertainty, ~~the~~audit ~~Company~~scope, ~~from~~or ~~any~~accounting ~~losses associated with the Existing Liabilities~~principle.

~~Item~~The ~~9.01Financial~~reports ~~Statements~~of the Femida on the Company’s financial statements as of and ~~Exhibits~~for the years ended December 31, 2009 and 2008 contained explanatory paragraphs which noted that there was substantial doubt as to the Company’s ability to continue as a going concern as the Company had suffered recurring losses from operations and has a significant working capital deficit that raise doubt about its ability to continue as a going concern .

~~(a) Financial~~During ~~Information~~the years ended December 31, 2008 and 2009, and through April 5, 2011, the Company has not had any disagreements with the Femida on any matter of ~~Business~~accounting ~~Acquired~~principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to Femida’s satisfaction, would have caused them to make reference thereto in their reports on the Company’s consolidated financial statements for such years.

~~Not~~During ~~applicable~~the years ended December 31, 2009 and 2008, and through the April 5, 2011, there were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K.

~~(b)Proforma~~The ~~Financial~~Company ~~Information~~provided Femida with a copy of this disclosure set forth under this Item 4.01 and was requested to furnish a letter addressed to the Securities & Exchange Commission stating whether or not it agrees with the above statements. Femida did not provide the requested letter addressed to the Securities & Exchange Commission or provide any correspondence on this matter. Upon receipt of the requested letter, the Company shall promptly file an amendment to this Current Report

~~Unaudited~~New ~~Condensed Pro~~independent ~~Forma~~registered ~~Balance~~public ~~Sheet~~accounting ~~as of June 30, 2010 (1)~~firm

~~Unaudited~~On ~~Condensed Pro~~March ~~Forma~~29, ~~Income Statement~~ 2011, the Company engaged Robison, Hill & Co (“Robison”) as its independent registered public accounting firm for the ~~Six~~Company’s ~~Months Ended~~fiscal ~~June~~year 30ended December 31, 2010. ~~(1)~~The decision to engage Robison as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors.

~~Unaudited~~During ~~Condensed~~the ~~Pro~~two ~~Forma~~most ~~Income~~recent ~~Statement~~fiscal ~~for~~years and through March 29, 2011, the ~~year~~Company ~~ended December~~has 31not consulted with Robison , ~~2009~~Hill ~~(1)~~& Co regarding either:

~~Notes~~1. the application of accounting principles to ~~Unaudited~~any ~~Condensed~~specified ~~Combined~~transaction, ~~Pro~~either ~~Forma~~completed ~~Financial~~or ~~Statements~~proposed, ~~(1)~~or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report was provided to the Company nor oral advice was provided that Robison, Hill & Co concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or

2. any matter that was either the subject of a disagreement (as defined in paragraph (a)(1)(iv) ~~Attached~~of asItem ~~Exhibit~~304 Aof ~~following~~Regulation S-K and the ~~signature~~related ~~page~~instructions thereto) or a reportable event (as described in paragraph (a)(1)(v) of Item 304 of Regulation S-K).

Not applicable.

(d) Exhibits.

Exhibit No.		Description
10.1		Agreement and Release entered by and between Premier Energy Corp. and Auxerre Trading Ltd.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PREMIER ENERGY CORP.
Dated: November 18, 2010	By:	/s/ Dr. Anton Prodanovic
Dated: April 5, 2011	By:	/s/ Dr. Anton Prodanovic
		Name: Dr. Anton Prodanovic Title: Chief Executive Officer and Director
		Name: Anton Prodanovic
		Title
		Chief Executive Officer and Director

EXHIBIT A

Pro Forma Financial Information.

Unaudited Condensed Pro Forma Balance Sheet as of June 30, 2010

Unaudited Condensed Pro Forma Income Statement for the Six Months Ended June 30, 2010

Unaudited Condensed Pro Forma Income Statement for the year ended December 31, 2009

Notes to Unaudited Condensed Combined Pro Forma Financial Statements

On November 4, 2010, the Premier Energy Corp. (“Premier” or the “Company”) disposed of its entire interest in its subsidiary, Karbon CJSC (“Karbon”) a corporation organized under the laws of the Russian Federation, pursuant to an agreement and release dated November 4, 2010 by and between the Company and Auxerre Trading Limited (“Auxerre”), owner of 107,406,000 shares of the Company’s common stock, representing approximately 51% ownership of the Company’s issued and outstanding common shares.

Under the terms of the agreement, the Company shall transfer its entire interest in Karbon to Auxerre for its 107,406,000 shares of the Company’s common stock.

As a result of the disposition the Company will have no significant operations.

The unaudited condensed pro forma statements of operations are presented reflecting the Company’s condensed audited income statement for the year ended December 31, 2009, the unaudited condensed income statement for the six-month period ended June 30, 2010 as if the disposition had occurred on January 1, 2009. The unaudited condensed pro forma balance sheet gives effect to the disposition of Karbon as if the transaction had taken place on June 30, 2010.

The unaudited condensed pro forma financial data and the notes thereto should be read in conjunction with the Company’s historical financial statements. The unaudited condensed pro forma financial data is based upon certain assumptions and estimates of management that are subject to change. The unaudited condensed pro forma financial data is presented for illustrative purposes only and is not necessarily indicative of any future results of operations or the results that might have occurred if the exchange transaction had actually occurred on the indicated date.

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PREMIER ENERGY CORP. UNAUDITED PRO FORMA BALANCE SHEET
								Pro Forma
	Balance Sheet			Pro Forma				Balance Sheet
	June 30 2010			Adjustments			Notes	June 30 2010
ASSETS
Current Assets:
Cash	$	11,604		$	(104	)	1	$	11,500
Accounts and notes receivables, net		90,527			(90,527	)	1		-
Inventories		113,242			(113,242	)	1		-
Prepaid taxes and expenses		415,696			(415,696	)	1		-
Prepaid and other assets		20,165			(20,165	)	1		-
Total current assets		651,235							11,500
Property, Plant and Equipment:
Proven Oil and Gas properties		7,785,853			(7,785,853	)	1		-
Less- accumulated depletion, depreciation and amortization		(3,860,772	)		3,860,772		1		-
Other property, plant and equipment		98,093			(98,093	)	1		-
Less- accumulated depreciation		(92,052	)		92,052		1		-
		3,931,122							-
Deferred Income tax assets		57,889			(57,889	)	1		-
TOTAL ASSETS	$	4,640,246			(4,678,795	)		$	11,500
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable		1,069,928			(936,595	)	1		132,333
Short term borrowings		656,892			(556,892	)	1		106,000
Short term account payable under out-of-court settlement		84,801			(84,801	)	1		-
Production taxes payable		445,571			(445,571	)	1		-
		2,257,192							233,333

Long-Term Liabilities:
Asset retirement obligations		606,059		(606,059	)	1		-
TOTAL LIABILITIES		2,863,251						233,333
STOCKHOLDERS' EQUITY
Preferred stock		-						-
Common Stock		21,260		(10,741	)	2		10,519
Additional Paid-in Capital		10,503,677						10,503,677
Accumulated Deficit		(8,345,812	)	(2,390,216	)	1		(10,736,029	)
Accumulated other comprehensive income		(402,130	)	402,130		1		-
		1,776,995		391,389		-		(221,833	)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	4,640,246		(4,628,745	)		$	11,500
See accompanying notes to unaudited condensed pro forma financial statements

A - 2

PREMIER ENERGY CORP. UNAUDITED PRO FORMA INCOME STATEMENT SIX MONTHS ENDED JUNE 30 , 2010
								Pro Forma
	Six months ended			Pro Forma				June 30 2010
	June 30, 2010			Adjustments			Notes	Income Statement
Operating revenues:
Oil and gas production revenue	$	201,432			(201,432	)	1	$	-
Operating expenses:									-
Oil and gas production expense		610,808			(610,808	)	1		-
Mineral extraction tax		59,569			(59,569	)	1		-
Depreciation, depletion and amortization		139,607			(139,607	)	1		-
Taxes other that income taxes		27,161			(27,161	)			-
Marketing and transportation expenses		146,163			(146,163	)	1		-
General and administrative		149,879					1		149,879
		1,133,187							149,879
Operating loss		(931,756	)						(149,879	)
Other Income (Expense):
Currency translation gain/(loss)		(8,790	)		8,790		1		-
Other Income		43,409			(43,409	)	1		-
Interest expense		(51,489	)		51,489		1		-
		(16,870	)						-
Loss Before Provision for
Income Taxes		(948,625	)						(149,879	)
Benefit(Provision) for Income Tax		(4,317	)		4,317		1		-
Net Loss	$	(952,942	)						(149,879	)
Loss Per Share
Basic and diluted	$	0.00						$	(0.00	)
Weighted Average Number of Shares Outstanding		212,600,000							105,194,000
See accompanying notes to unaudited condensed pro forma financial statements

A - 3

PREMIER ENERGY CORP. UNAUDITED PRO FORMA INCOME STATEMENT YEAR ENDED DECEMBER 31, 2009
	Year ended December 31, 2009			Pro Forma Adjustments			Notes	Pro Forma Year Ended December 31, 2009
Operating revenues:
Oil and gas production revenue	$	383,158			(383,158	)	1		-
Operating expenses:									-
Oil and gas production expense		150,573			(150,573	)	1		-
Mineral extraction tax		203,564			(203,564	)	1		-
Depreciation, depletion and amortization		353,450			(353,450	)	1		-
Taxes other that income taxes		57,417			(57,417	)	1		-
Marketing and transportation expenses		205,290			(205,290	)	1		-
General and administrative		536,991							536,991
		1,507,284							536,991
Operating loss		(1,124,126	)				1		(536,991	)
Other Income (Expense):							1
Currency translation gain/(loss)		(24,387	)		24,387		1		-
Interest expense		(47,781	)		47,781		1		-
		(72,168	)						-
Loss Before Provision for Income Taxes		(1,196,294	)						(536,991	)
Benefit(Provision) for Income Tax		(8,869	)		8,869				-
Net Loss	$	(1,205,163	)					$	(536,991.00	)
Loss Per Share
Basic and diluted	$	(0.01	)					$	(0.01	)
Weighted Average Number of Shares Outstanding		210,600,000							105,194,000
See accompanying notes to unaudited condensed pro forma financial statements

A - 4

PREMIER ENRGY CORP..

NOTES TO CONDENSED PRO FORMA UNAUDITED FINANCIAL STATEMENTS

Unaudited Pro Forma Condensed Financial Information

The Pro forma Unaudited Condensed Financial Statements have been prepared in order to present consolidated financial position and results of operations of the Company as if the disposition of Karbon had occurred as of June 30, 2010 for the pro forma condensed consolidated balance sheet and to give effect to the disposition of Karbon, as if the transaction had taken place at January 1, 2009 for the pro forma condensed consolidated statement of income for the six months ended June 30, 2010 and the year ended December 31, 2009.

The following pro forma adjustments are incorporated into the pro forma condensed consolidated balance sheet as of June 30, 2010 and the pro forma condensed consolidated income statement for the six months ended June 30, 2010 and the year ended December 31, 2009, respectively.

(1) To record disposition of Karbon assets and liabilities to Auxerre and to give effect to elimination of revenues and direct expenses associated directly with Karbon operations

(2) To record receipt of 107,406,000 shares of Company’s common stock from Auxerre in connection with disposition of Karbon

A - 5

Filing Compare · PREMIER ENERGY CORP.