8-K 1 g0138.txt CURRENT REPORT DATED 10/3/02 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) October 3, 2002 FAN ENERGY INC. (Exact name of registrant as specified in its charter) Nevada 333-47699 77-0140428 State or other jurisdiction Commission IRS Employer of incorporation File Number Identification Number 668 N. 44th Street, Suite 248, Phoenix, Arizona 85008 (Address of principal executive offices) (Zip Code) Registrant's telephone number including area code: (602) 267-7500 ITEM 5. OTHER EVENTS On October 3, 2002, the registrant agreed to a binding letter of intent with Technology Alliance Goup, LLC, "TAG", to acquire it in a tax free share exchange. The transaction is subject to due diligence by both parties and the subsequent majority approval of its respective board of directors. TAG has two world-class data centers located in Arizona with high speed, redundant data communications networks that are both private and internet based with ASP, ISP, Mid-Frame and Mainframe co-location and fully managed hosting services. It has bandwidth on demand with bursting and throttling capability. Its technical support is expertise in NT, UNIX, Communications, Network design and monitoring. Upon the successful completion of the acquisition, the registrant anticipates setting up the operation of its media production facility in conjunction with TAG's operations and hiring the marketing expertise to expand revenue production for the operations. On October 11, 2002, the registrant reduced its board to six members with the resignation of three directors. ITEM 7. EXHIBITS 1. Binding Letter of Intent 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. Date: October 14, 2002 FAN ENERGY INC. By /s/ Peter Jacobs ----------------------------- Peter Jacobs, President

SECURITIES AND EXCHANGE COMMISSION Washington, DC 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) December 11, 2001

FAN ENERGY INC. (Exact name of registrant as specified in its charter)

Nevada 000-31079 77-0140428 (State or other jurisdiction (Commission File Number) (IRS Employer Identification No.) of incorporation)

5355 Capital Court, Suite 108 Reno, Nevada 89502 (Address of principal executive offices)

(602) 953-7701 (Registrant's telephone number, including area code)

Item 5. OTHER EVENTS.

On December 4, 2001, Registrant agreed to sell all of its assets related to the oil and natural gas industry to an entity controlled by George H. Fancher Jr., a director of the Registrant. The transaction is deemed effective December 1, 2001, and includes all of Registrant’s undivided interests in producing natural gas wells and adjacent acreage in California and Registrant’s undivided interest in oil and gas leaseholds, geophysical exploratory data and other nominal assets. Following the transaction Registrant has no interest in any oil or natural gas assets of any nature. The buyer assumed all of the obligations of the Registrant to pay approximately $13,500 in outstanding liabilities relating to the oil and natural gas properties transferred, and surrendered 378,885 restricted shares of Registrant’s common stock owned of record and beneficially by George H. Fancher Jr. for cancellation as consideration for the assets purchased. The transaction was approved unanimously by the disinterested members of the Board of Directors of Registrant following an independent evaluation of the properties.

On December 4, 2001, Peter J. Ashworth was unanimously elected as the President and Chief Executive Officer of Registrant by the Board of Directors of Registrant. Also on December 4, 2001, the Board of Directors was expanded to eight persons and Peter J. Ashworth was elected by the Board of Directors as a director of the Registrant. The directors approved in principle an arrangement pursuant to which Registrant will acquire from Mr. Ashworth and others a business previously operated by Mr. Ashworth in exchange for 10 million shares of Registrant’s newly-issued, restricted common stock, of which up to 5 million shares would be subject to return and cancellation if Registrant fails to meet certain conditions in the year following the acquisition.

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.

FAN ENERGY INC.

Date December 13, 2001 By: /s/ Albert Golusin Albert Golusin, Secretary

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