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): August 29, 2007 Renegade Energy Corp.. (Exact name of registrant as specified in its charter) Nevada 000-20598 75-2293489 (State or other (Commission (IRS Employer jurisdiction File Number) Identification No.) of incorporation) 12819 SE 38th Street #21, Bellevue Washington, 98006 (Address of principal executive offices) Registrant's telephone number, including area code: 866-591-7200 America Asia Corporation (Former name or former address, if changed since last report) [ ] Written communications pursuant to Rule 425 under the Securities Act [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act Section 1 - Registrant's Business and Operations Item 1.01. Entry into a Material Definitive Agreement. NOT APPLICABLE Item 1.02. Termination of a Material Definitive Agreement OTC Pink Sheets announced today that Renegade has defaulted on its financing contract with Petrolex, LP, an Oklahoma Limited Partnership ("Petrolex") to further develop revenue producing oil and gas properties located in Oklahoma and other assets pertaining to those properties. Pursuant to the asset acquisition agreement, Renegade returned the subject oil and gas properties and other assets obtained from Petrolex to Petrolex and the 90,000,000 shares of common stock issued by Renegade were cancelled as of this date and returned to Renegade's authorized share capital. The Company will endeavor to search for other oil and gas properties which have the potential for profit pursuant to the Company's business plan. Item 1.03. Bankruptcy or Receivership. NOT APPLICABLE Section 2 - Financial Information Item 2.01 Completion of Acquisition or Disposition of Assets NOT APPLICABLE Item 2.02 Results of Operations and Financial Condition. NOT APPLICABLE Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. NOT APPLICABLE Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. NOT APPLICABLE Item 2.05 Costs Associated with Exit or Disposal Activities. NOT APPLICABLE Item 2.06 Material Impairments. NOT APPLICABLE Section 3 - Securities and Trading Markets. Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing NOT APPLICABLE Item 3.02. Unregistered Sales of Equity Securities. NOT APPLICABLE Item 3.03 Material Modification to Rights of Security Holders. NOT APPLICABLE Section 4 - Matters Related to Accountants and Financial Statements Item 4.01 Changes in Registrant's Certifying Accountants. NOT APPLICABLE Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review. NOT APPLICABLE Section 5 - Corporate Governance and Management Item 5.01 Changes in Control of Registrant NOT APPLICABLE Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. (a) NOT APPLICABLE (b) NOT APPLICABLE Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans. NOT APPLICABLE Item 5.05 Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics. NOT APPLICABLE Section 6 [Reserved] Section 7 - Regulation FD Item 7.01 Regulation FD Disclosure. NOT APPLICABLE Section 8 - Other Events Item 8.01 Other Events Litigation NOT APPLICABLE Section 9 - Financial Statements and Exhibits Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Financial statements of business acquired. NOT APPLICABLE (b) Pro forma financial information. NOT APPLICABLE (c) Exhibits NOT APPLICABLE 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. Renegade Energy Corp By: /s/ Frank Butler Frank Butler, President (Principal executive and operating officer)