| x | QUARTERLY REPORT PURSUANT TO      SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|---------------------------------------------------------------------------------------------------|

|  ̈ | TRANSITION REPORT UNDER SECTION 13      OF 15(d) OF THE EXCHANGE ACT OF1934 |
|--------|-----------------------------------------------------------------------------|

----

----

| Nevada                                                                  |         | 88-0507007                                |
|-------------------------------------------------------------------------|--------------|-------------------------------------------|
| (State or other jurisdiction      ofincorporation or      organization) |    | (IRS Employer Identification      Number) |

| Large accelerated      filer   ̈ | Accelerated      filer    ̈ |
|------------------------------------------------|------------------------------------------------|
| Non-accelerated      filer   ̈   | Smaller reporting      company  x    |

----

| Part I  | Financial      Information |                                                                                                  |
|---------|----------------------------|-------------------------------------------------------------------------------------------------------|
|    |                       |                                                                                                  |   |   |   |
|    | Item 1.                    | Financial      Statements                                                                             |   |   |   |
|    |                       |                                                                                                  |   |   |   |
|    |                       | Consolidated Balance Sheets      (unaudited)                                                          |   |   |   |
|    |                       | September 30, 2010 and March 31, 2010                                                                 |   |   | 3 |   |
|    |                       |                                                                                                  |   |   |   |   |
|    |                       | Consolidated Statements of      Operations (unaudited)                                                |   |   |   |   |
|    |                       | Three and Six Months Ended September 30, 2010 and 2009, and                                           |   |   |   |   |
|    |                       | Inception (May 9, 2007) through      September 30, 2010                                               |   |   | 4 |   |
|    |                       |                                                                                                  |   |   |   |   |
|    |                       | Consolidated Statements of Cash      Flow (unaudited)                                                 |   |   |   |   |
|    |                       | Six Months Ended September 30, 2010 and 2009, and                                                     |   |   |   |   |
|    |                       | Inception (May 9, 2007) through      September 30, 2010                                               |   |   | 5 |   |
|    |                       |                                                                                                  |   |   |   |   |
|    |                       | Notes to Unaudited Consolidated      Financial Statements                                             |   |   | 6 |   |
|    |                       |                                                                                                  |   |   |   |   |
|    | Item 2.                    | Management’s Discussion and      Analysis of Financial Condition and Results of      Operations |   |   | 7 |   |
|    |                       |                                                                                                  |   |   |   |   |
|    | Item 3.                    | Quantitative and Qualitative      Disclosures About Market Risk                                       |   |   | 8 |   |
|    |                       |                                                                                                  |   |   |   |   |
|    | Item 4.                    | Controls and      Procedures                                                                          |   |   | 8 |   |
|    |                       |                                                                                                  |   |   |   |   |
| Part II | Other      Information     |                                                                                                  |   |   |   |
|    |                       |                                                                                                  |   |   |   |   |
|    | Item 5.                    | Exhibits                                                                                              |   |   |   |   |

----

| ITEM 1. | FINANCIAL      STATEMENTS |
|---------|---------------------------|

|                                                                                                                                                                                             |   | September 30, 2010 |       |   | March 31, 2010 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|------------|--------|--------------------------|--------|
|                                                                                                                                                                                             |   |                         |       |   |                     |   |
| ASSETS                                                                                                                                                                                           |   |                         |       |   |                     |   |
|                                                                                                                                                                                             |   |                         |       |   |                     |   |
| Cash and cash      equivalents                                                                                                                                                                   |   | $                            | 14         |   |                     | $      | 14 |   |
| Total current      assets                                                                                                                                                                        |   |                         | 14         |   |                     |   | 14 |   |
| Property and equipment,      net                                                                                                                                                                 |   |                         | 1,856      |   |                     |   | 2,286 |   |
| Oil and Gas Properties – unproved                                                                                                                                                     |   |                         | 32,000     |   |                     |   | - |   |
| Totalassets                                                                                                                                                                                      |   | $                            | 33,870     |   |                     |   | 2,300 |   |
|                                                                                                                                                                                             |   |                         |       |   |                     |   |   |   |
| LIABILITIES AND SHAREHOLDERS'      DEFICIT                                                                                                                                                       |   |                         |       |   |                     |   |   |   |
|                                                                                                                                                                                             |   |                         |       |   |                     |   |   |   |
| Current      liabilities:                                                                                                                                                                        |   |                         |       |   |                     |   |   |   |
| Accounts      payable                                                                                                                                                                            |   | $                            | 218,450    |   |                     | $      | 222,460 |   |
| Accounts payable – related      parties                                                                                                                                                    |   |                         | 144,122    |   |                     |   | 144,122 |   |
| Accrued      liabilities                                                                                                                                                                         |   |                         | 46,024     |   |                     |   | 37,600 |   |
| Convertible notes payable –      related parties                                                                                                                                           |   |                         | 63,302     |   |                     |   | - |   |
| Notes payable – related      parties                                                                                                                                                       |   |                         | 77,412     |   |                     |   | 99,478 |   |
| Total current      liabilities                                                                                                                                                                   |   |                         | 549,310    |   |                     |   | 503,660 |   |
|                                                                                                                                                                                             |   |                         |       |   |                     |   |   |   |
|  Total      liabilities                                                                                                                                                                     |   |                         | 549,310    |   |                     |   | 503,660 |   |
|                                                                                                                                                                                             |   |                         |       |   |                     |   |   |   |
| Shareholders      deficit:                                                                                                                                                                       |   |                         |       |   |                     |   |   |   |
| Common stock, $.001 par value,      500,000,000 shares authorized; 23,882,763 and      23,182,763 shares      issued and outstanding at September 30, 2010 and March      31, 2010, respectively |   |                         | 23,883     |   |                     |   | 23,183 |   |
| Additional paid-in      capital                                                                                                                                                                  |   |                         | 2,392,514  |   |                     |   | 2,321,214 |   |
| Deficit accumulated during the      development stage                                                                                                                                            |   |                         | (2,931,837 | )      |                     |   | (2,845,757 | ) |
| Total shareholders’      deficit                                                                                                                                                           |   |                         | (515,440   | )      |                     |   | (501,360 | ) |
| Total liabilities and      shareholders' deficit                                                                                                                                                 |   | $                            | 33,870     |   |                     | $      | 2,300 |   |

----

|                                                                                   |   | Three Months Ended September      30, |       |   | Six Months Ended September      30, |   |       | Inception (May 9,2007) to |   |
|----------------------------------------------------------------------------------------|--------|------------------------------------------------------|------------|--------|----------------------------------------------------|--------|------------|------------------------------------------|--------|
|                                                                                   |   | 2010                                                 |       |   | 2009                                               |   |       | 2010                                     |   |   | 2009 |   |   | September 30,      2010 |   |
|                                                                                   |   |                                                 |       |   |                                               |   |       |                                     |   |   |   |   |   |   |   |
| Revenue                                                                                |   | $                                                    | -          |   |                                               | $      | -          |                                     |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                   |   |                                                 |       |   |                                               |   |       |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and      expenses:                                                               |   |                                                 |       |   |                                               |   |       |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Compensation and      related expenses                                                 |   |                                                 |       |   |                                               |   | -          |                                     |   |   | 40,000 |   |   |   | - |   |   |   | 1,055,724 |   |
| Office      administration                                                             |   |                                                 | 4,273      |   |                                               |   | -          |                                     |   |   | 8,736 |   |   |   | 65 |   |   |   | 29,806 |   |
| Professional      fees                                                                 |   |                                                 | 21,831     |   |                                               |   | -          |                                     |   |   | 28,490 |   |   |   | 3,450 |   |   |   | 921,121 |   |
| Investor      relations                                                                |   |                                                 | -          |   |                                               |   | -          |                                     |   |   | - |   |   |   | - |   |   |   | 292,444 |   |
| Merger      expenses                                                                   |   |                                                 | -          |   |                                               |   | -          |                                     |   |   | - |   |   |   | - |   |   |   | 8,113 |   |
| Impairment of      license agreement                                                   |   |                                                 | -          |   |                                               |   | -          |                                     |   |   | - |   |   |   | - |   |   |   | 80,100 |   |
| Acquisition costs      of subsidiary                                                   |   |                                                 | -          |   |                                               |   | -          |                                     |   |   | - |   |   |   | - |   |   |   | 220,000 |   |
| Depreciation and      amortization                                                     |   |                                                 | 215        |   |                                               |   | 258        |                                     |   |   | 430 |   |   |   | 515 |   |   |   | 32,178 |   |
| Other      expenses                                                                    |   |                                                 | -          |   |                                               |   | -          |                                     |   |   | - |   |   |   | - |   |   |   | 292,026 |   |
| Total costs and      expenses                                                          |   |                                                 | 26,319     |   |                                               |   | 258        |                                     |   |   | 77,656 |   |   |   | 4,030 |   |   |   | 2,931,512 |   |
|                                                                                   |   |                                                 |       |   |                                               |   |       |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      expense                                                                  |   |                                                 | 5,273      |   |                                               |   | 2,402      |                                     |   |   | 8.424 |   |   |   | 4,778 |   |   |   | 479,090 |   |
| Gain on      deconsolidated subsidiary                                                 |   |                                                 | -          |   |                                               |   | -          |                                     |   |   | - |   |   |   | - |   |   |   | (478,765 | ) |
| Net  loss                                                                    |   | $                                                    | (31,592    | )      |                                               | $      | (2,660     | )                                        |   | $ | (86,080 | ) |   | $ | (8,088 | ) |   | $ | (2.931,837) |   |
|                                                                                   |   |                                                 |       |   |                                               |   |       |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss per      share:                                                               |   |                                                 |       |   |                                               |   |       |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and      diluted                                                                 |   | $                                                    | (0.00      | )      |                                               | $      | (0.01      | )                                        |   | $ | (0.00 | ) |   | $ | (0.01 | ) |   |   |   |   |
|                                                                                   |   |                                                 |       |   |                                               |   |       |                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average      number of common shares outstanding – Basic and    diluted |   |                                                 | 23,779,466 |   |                                               |   | 23,102,763 |                                     |   |   | 23,395,785 |   |   |   | 23,102,763 |   |   |   |   |   |

----

|                                                                         |   | Six Months Ended September 30, |    |   | Cumulativefrom Inception(May 9, 2007)through  |   |
|------------------------------------------------------------------------------|--------|----------------------------------------------------|---------|--------|-------------------------------------------------------------------|--------|
|                                                                         |   | 2010                                               |    |   | 2009                                                              |   |   | September 30, 2010 |   |
| Cash flows from operating      activities:                                   |   |                                               |    |   |                                                              |   |   |   |   |
| Net income      (loss)                                                       |   | $                                                  | (86,080 | )      |                                                              | $      | (8,808 | ) |   | $ | (2,931,837 | ) |
| Adjustments to reconcile net loss      to cash used in operating activities: |   |                                               |    |   |                                                              |   |   |   |   |   |   |   |
| Depreciation and      amortization                                           |   |                                               | 430     |   |                                                              |   | 515 |   |   |   | 23,289 |   |
| Amortization of deferred financing      costs                                |   |                                               | -       |   |                                                              |   | - |   |   |   | 15,000 |   |
| Non-cash compensation expense      relating to license agreement             |   |                                               | -       |   |                                                              |   | - |   |   |   | 119,900 |   |
| Impairment of license      agreement                                         |   |                                               | -       |   |                                                              |   | - |   |   |   | 80,100 |   |
| Amortization of debt      discount                                           |   |                                               | -       |   |                                                              |   | - |   |   |   | 397,985 |   |
| Share-based      compensation                                                |   |                                               | 40,000  |   |                                                              |   | - |   |   |   | 959,881 |   |
| Non-cash acquisition of      subsidiary                                      |   |                                               | -  |   |                                                              |   | -  |   |   |   | 220,000 |   |
| Changes in assets and      liabilities:                                      |   |                                               |    |   |                                                              |   |   |   |   |   |   |   |
| Other current      assets                                                    |   |                                               | -  |   |                                                              |   | -  |   |   |   | 15,750 |   |
| Accounts      payable                                                        |   |                                               | (4,010) |   |                                                              |   | (947 | ) |   |   | 298,252 |   |
| Accounts payable – related      parties                                |   |                                               | -       |   |                                                              |   | - |   |   |   | 127,622 |   |
| Accrued      liabilities                                                     |   |                                               | 8,424   |   |                                                              |   | 4,778 |   |   |   | 82,592 |   |
| Net cash used in operating      activities                                   |   |                                               | (41,236 | )      |                                                              |   | (4,462 | ) |   |   | (591,466 | ) |
| Cash flows from investing      activities:                                   |   |                                               |    |   |                                                              |   |   |   |   |   |   |   |
| Investment in option      agreement                                          |   |                                               | -       |   |                                                              |   | - |   |   |   | (20,000 | ) |
| Property and      equipment                                                  |   |                                               | -       |   |                                                              |   | - |   |   |   | (5,145 | ) |
| Net cash used in investing      activities                                   |   |                                               | -       |   |                                                              |   | - |   |   |   | (25,145 | ) |
| Cash flows from financing      activities:                                   |   |                                               |    |   |                                                              |   |   |   |   |   |   |   |
| Proceeds from notes payable –      related parties                     |   |                                               | 41,236  |   |                                                              |   | 4,176 |   |   |   | 268,412 |   |
| Repayment of notes payable –      related party                        |   |                                               | -       |   |                                                              |   | - |   |   |   | (13,000 | ) |
| Proceeds from issuance      of  common stock                       |   |                                               | -       |   |                                                              |   | - |   |   |   | 91,165 |   |
| Proceeds from exercise of stock      options                                 |   |                                               | -       |   |                                                              |   | - |   |   |   | 270,048 |   |
| Net cash provided by financing      activities                               |   |                                               | 41,236  |   |                                                              |   | 4,176 |   |   |   | 616,625 |   |
| Net change in      cash                                                 |   |                                               | -       |   |                                                              |   | (286 | ) |   |   | 14 |   |
| Cash and cash equivalents,      beginning of period                          |   |                                               | 14      |   |                                                              |   | 300 |   |   |   | - |   |
| Cash and cash equivalents, end of      period                                |   | $                                                  | 14      |   |                                                              | $      | 14 |   |   | $ | 14 |   |
|                                                                         |   |                                               |    |   |                                                              |   |   |   |   |   |   |   |
| Supplemental      disclosures:                                               |   |                                               |    |   |                                                              |   |   |   |   |   |   |   |
| Interest    paid                                                             |   | $                                                  | -       |   |                                                              | $      | - |   |   | $ | 5,633 |   |
| Income taxes      paid                                                       |   | $                                                  | -       |   |                                                              | $      | - |   |   | $ | - |   |
|                                                                         |   |                                               |    |   |                                                              |   |   |   |   |   |   |   |
| Non-cash financing      activities:                                          |   |                                               |    |   |                                                              |   |   |   |   |   |   |   |
| Discount on convertible      notes                                           |   | $                                                  | -       |   |                                                              | $      | - |   |   | $ | 397,985 |   |
| Cancellation of stock      certificate                                       |   |                                               | -       |   |                                                              |   | - |   |   |   | 300 |   |
| Issuance of note payable for      license agreement                          |   |                                               | -       |   |                                                              |   | - |   |   |   | 200,000 |   |
| Stock issued for prepaid investor      relation services                     |   |                                               | -       |   |                                                              |   | - |   |   |   | 73,800 |   |
| Stock issued for purchase of      Assets                                     |   |                                               | 32,000  |   |                                                              |   |   |   |   |   | 32,000 |   |
| Conversion of notes payable to      common stock                             |   |                                               | -       |   |                                                              |   | - |   |   |   | 414,568 |   |
| Convertible note payable issued to      extinguish note payable              |   |                                               | 63,302  |   |                                                              |   | - |   |   |   | 63,302 |   |

----

----

----

| ITEM 2. | MANAGEMENTS DISCUSSION AND      ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF      OPERATIONS |
|---------|------------------------------------------------------------------------------------------------|

----

| ITEM 3. | QUANTITATIVE AND QUALITATIVE      DISCLOSURES ABOUT MARKETRISK |
|---------|----------------------------------------------------------------|

| ITEM 4. | CONTROLS AND      PROCEDURES |
|---------|------------------------------|

|   | (a) | Evaluation of Disclosure Controls      and Procedures |
|--------|-----|-------------------------------------------------------|

|   | (b) | Changes in Internal Controls Over      Financial Reporting |
|--------|-----|------------------------------------------------------------|

----

| Exhibit No. |   | Description                                                                    |
|------------------|--------|--------------------------------------------------------------------------------|
|             |   |                                                                           |
| 31.1             |   | Certification of J. Leonard      Ivins.                                        |
| 32.1             |   | Certification for      Sarbanes-Oxley Act of      J. LeonardIvins.   |

----

|            | BERING EXPLORATION,      INC.                  |   |   |   |   |
|-----------------|------------------------------------------------|--------|--------|--------|--------|
|            |                                           |   |   |   |   |
| By:   | /s/      J. Leonard Ivins                      |   |   |   |   |
|            | J.      Leonard Ivins, Chief Executive Officer |   |   |   |   |
|            | Date:      November 15, 2010                   |   |   |   |   |

----