FORM 10-KSB

                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D. C.   20549

----------------------------------------------------------------------
[ X ]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934
       FOR THE FISCAL YEAR ENDED - APRIL 30, 2003
-----  ---------------------------------------------------------------
OR
-----  ---------------------------------------------------------------
[   ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
       SECURITIES EXCHANGE ACT OF 1934
       FOR THE TRANSITION PERIOD FROM
-----  ---------------------------------------------------------------

                        COMMISSION FILE NUMBER 000-32089

                        NORTH AMERICAN NATURAL GAS, INC.
             (Exact name of registrant as specified in its charter)

WASHINGTON                                          91-2023071
(State or other jurisdiction of                     (Employer
incorporation or organization)                      Identification  No.)

                        NORTH AMERICAN NATURAL GAS, INC.
                          580 HORNBY STREET, SUITE 210
                           VANCOUVER, BRITISH COLUMBIA
                                 CANADA  V6C 3B6
          (Address of principal executive offices, including zip code.)

                                 (604) 687-6991
              (Registrant's telephone number, including area code)

                                 FAR GROUP, INC.
           1286 HOMER STREET, 4TH, FLOOR, VANCOUVER, BC CANADA V6B 2Y5
          (Former Name or Former Address, if changed since last Report)

Securities registered pursuant to Section 12(b) of the Act:       NONE

Securities registered pursuant to Section 12(g) of the Act:       COMMON STOCK

Indicate by check mark whether the Issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act of 1934 during the past 12
months (or for such shorter period that the Registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days.
YES  [ x ]   NO  [   ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-B is not contained herein, and no disclosure will be contained,
to the best of Registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form


                                      -1-
<PAGE>
10-KSB.  [   ]

Registrant's revenues for its most recent fiscal year:
     Nil

Indicate by check mark whether the Issuer is an accelerated filed (as defined in
Rule 12b-2 of the Act).
YES  [   ]   NO  [ X ]

State the aggregate market value of the voting stock held by non-affiliates
computed by reference to the price at which the stock was sold, or the average
bid and ask prices of such stock, as of a specified date within the past 60
days.

June 23, 2003 - There are approximately 7,500,000 shares of voting common stock
of the Company held by non-affiliates. The aggregate market value of the voting
common stock held by non-affiliates on June 23, 2003, computed at which the
stock was sold, was $75,000, assuming solely for the purposes of this
calculation that the directors and executive officers of the issuer are
"affiliates". This determination of affiliate status is not necessarily a
conclusive determination for other purposes.

ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS.
     Not Applicable.

APPLICABLE ONLY TO CORPORATE REGISTRANTS

State the number of shares outstanding of each of the Issuer's classes of common
equity, as of the latest practicable date: June 23, 2003 - 19,812,500 shares of
Common Stock

DOCUMENTS INCORPORATED BY REFERENCE

A description of "Documents Incorporated by Reference" is contained in Item 14
of this Report

Transitional Small Business Issuer Format
     YES  [ X ]   NO  [   ]


                                      -2-
<PAGE>
                                     PART I

ITEM 1.     BUSINESS

THE COMPANY

     North American Natural Gas, Inc., formerly FAR Group Inc., or the
"Company", was incorporated under the laws of the State of Washington on March
24, 2000. To date, the Company's only activities have been organizational,
directed at acquiring its principal asset, raising its initial capital and
developing its business plan. The Company has not commenced commercial
operations. The Company has no full time employees and owns no real estate.

During the fourth quarter of fiscal 2003, the Company changed its name to North
American Natural Gas, Inc. as it had anticipated that it would undertake a new
business purpose in the oil and gas exploration industry. The Company entered
into agreements to purchase interests in two oil and gas exploration
opportunities subject to raising a minimum of US$11,000,000 in a private
offering. The Company was unsuccessful in its efforts to raise the minimum
amount and all funds received were subsequently returned to the original
subscribers. All agreements were terminated.

In contemplation of the proposed new business purpose in the oil and gas
exploration industry, on March 14, 2003, Jim Glavas, a director of the Company,
acquired an aggregate 9,780,000 shares of common stock of the Company from 22
existing shareholders of the Company none of whom own greater than five percent
of the common stock of the Company. Mr. Glavas now beneficially owns, directly
and indirectly, 12,312,500 (9,850,000 pre-split) shares of common stock or
62.15% of voting securities of the Company.


BACKGROUND

     On April 13, 2000, the Company acquired a License Agreement with
Vitamineralherb.com from its sole director and President in consideration of the
assumption of a note payable of $35,000. The note was subsequently forgiven. The
License Agreement grants an exclusive right to distribute Vitamineralherb.com
products to health and fitness professionals in Minnesota via the Internet. The
License was for an initial three-year period and was renewed in 2003 for an
additional three-year term. The license is now valid until April 2006 subject to
the payment of the annual fees.

     Vitmineralherb.com has agreed to provide certain business administrative
services to the Company, including product development, store inventory, website
creation and maintenance, establishment of banking liaisons, and development and
maintenance of an order fulfillment system, thereby enabling the Company to
focus strictly on marketing and sales.

     The Company (and its customers) will have access to all products offered on
the Vitamineralherb.com website, as well as the ability to order
custom-formulated and custom-labeled products. The website is maintained by
Vitamineralherb.com, and each licensee pays an annual website maintenance fee of
$500. All financial transactions are handled by Vitamineralherb.com's Internet
clearing bank.

IMPLEMENTATION OF BUSINESS PLAN

     The Company's business plan is to determine the feasibility of selling
Viamineralherb.com products to targeted markets. Should the Company determine
that its business plan is feasible, it intends to employ salespeople to call on
medical professionals, alternative health professional, martial arts studios and
instructors, sports and fitness trainers, other health and fitness
professionals, school and other fund raising programs and other similar types of
customers to interest these professionals in selling to their clients,
high-quality, low-cost


                                      -3-
<PAGE>
vitamins, minerals, nutritional supplements, and other health and fitness
products. These professionals would sell the products to their clients via the
Internet. The Company plans to implement its business plan by meeting the
following milestones:

     Milestone 1 - Market Survey: In order to determine the feasibility of its
business plan, the Company must conduct research into the various potential
target markets. The market analysis research will likely consist of a telephone
survey to 100-200 potential clients, focusing on three or four of the core
target markets, such as chiropractors, health clubs and alternative medicine
practitioners. The survey would likely contain questions that would determine
the marketing approach and acceptability of specific products.

     Milestone 2 - Hire Salespeople: Should the Company determine that the
exploitation of the license is feasible, it will then have to engage salespeople
to market the products. The Company expects that it may hire two salespeople
during its first year of operation. The hiring process would include running
advertisements in the local newspaper and conducting interviews. It is
anticipated that hiring the salespeople may take four to eight weeks. The cost
of hiring the salespeople, not including compensation, is estimated at $20,000.

     Milestone 3 - Establish an Office: The Company would then have to establish
an office or offices for the sales force in the appropriate market or markets.
This would include an office, equipment such as computers and telephones, and
sample inventory for the salespeople. It is anticipated that it would take eight
to twelve weeks to locate acceptable office space and select and purchase
equipment. The expense of office rental, equipment and inventory samples is
estimated to be $45,000 per year.

     Milestone 4 - Development of Advertising Campaign: The next step would be
to develop an advertising campaign, including a list of prospects based on
potential clients identified in the market survey, and designing and printing
sales materials. It is anticipated that it would take approximately six to ten
weeks to develop the advertising campaign, although, depending on the
availability of resources, the Company will attempt to develop its advertising
campaign concurrently with establishing an office. The cost of developing the
campaign is estimated at approximately $12,000 per year.

     Milestone 5 - Implementation of Advertising Campaign/Sales Calls:
Implementation of the advertising campaign would begin with mailing the sales
materials to the identified list of prospects. Approximately two to four weeks
thereafter, the salespeople would begin telephone follow-ups and scheduling of
sales calls. Although it will be necessary to make sales calls throughout the
life of the company, it is estimated that the first round of sales calls will
take approximately eight to twelve weeks to complete. The cost of salary and
expenses for two salespeople is estimated at $248,000 per year.

     Milestone 6 - Achieve Revenues: It is difficult to quantify how long it
will take to convert a sales call into actual sales and revenues. The Company
will not begin receiving orders until its sales force is able to convince
potential clients to begin offering such products to their customers, or to
convert from an existing supplier. The Company hopes that clients would begin
placing orders within weeks of a sales call, but it may take several months
before people begin to purchase products. Moreover, customers may not be willing
to pay for products at the time they order, and may insist on buying on account,
which delay receipt of revenues another month or two.

     The Company will have to obtain additional financing through an offering or
through capital contributions by current shareholders. No commitments to provide
additional funds have been made by management or shareholders. Accordingly,
there can be no assurance that any additional funds will be available on terms
acceptable to the Company or at all.


                                      -4-
<PAGE>
COMPETITIVE FACTORS

     The electronic commerce industry is rapidly evolving and intensely
competitive and the Company expects competition to intensify in the future.
Barriers to entry are minimal and current and new competitors can launch sites
at relatively low costs. In addition, the vitamin, supplement, mineral and
alternative health product market is very competitive and highly fragmented,
with no clear dominant leader and increasing public and commercial attention.
Many of the Company's potential competitors have longer operating histories,
larger customer or user bases, greater brand recognition and significantly
greater financial, marketing and other resources than the Company. In addition,
an online retailer may be acquired by, receive investments from, or enter into
other commercial relationships with larger, well-established and well financed
companies as use of the Internet and other electronic services increases.
Competitors have and may continue to adopt aggressive pricing or inventory
availability policies and devote substantially more resources to website and
systems development than the Company. Increased competition may result in
reduced operating margins and loss of market share.



REGULATIONS

     We are not currently subject to direct federal, state or local regulation
other than regulations applicable to businesses generally or directly applicable
to electronic commerce. However, the Internet is increasingly popular. As a
result, it is possible that a number of laws and regulations may be adopted with
respect to the Internet. These laws may cover issues such as user privacy,
freedom of expression, pricing, content and quality of products and services,
taxation, advertising, intellectual property rights and information security.
Furthermore, the growth of electronic commerce may prompt calls for more
stringent consumer protection laws. Several states have proposed legislation to
limit the uses of personal user information gathered online or require online
services to establish privacy policies. The Federal Trade Commission has also
initiated action against at least one online service regarding the manner in
which personal information is collected from users and provided to third
parties. North American Natural Gas Inc. will not provide personal information
regarding our users to third parties. However, the adoption of such consumer
protection laws could create uncertainty in Web usage and reduce the demand for
the Company's products.

     The Company is not certain how business may be affected by the application
of existing laws governing issues such as property ownership, copyrights,
encryption and other intellectual property issues, taxation, libel, obscenity
and export or import matters. The vast majority of such laws were adopted prior
to the advent of the Internet. As a result, they do not contemplate or address
the unique issues of the Internet and related technologies. Changes in laws
intended to address such issues could create uncertainty in the Internet market
place. Such uncertainty could reduce demand for services or increase the cost of
doing business as a result of litigation costs or increased service delivery
costs.

EMPLOYEES AND EMPLOYMENT AGREEMENTS

     North American Natural Gas, Inc. is a development stage company and
currently has no employees. The Company is currently managed by Jim Glavas, the
Company's President and the Board of Directors. The Company hires consultants,
attorneys and accountants as necessary and does not plan to engage any full-time
employees in the near future. The Company presently does not have pension,
health, annuity, insurance, stock options, profit sharing or similar benefit
plans; however, it may adopt plans in the future.

AVAILABLE INFORMATION AND REPORTS TO SECURITIES HOLDERS

     North American Natural Gas, Inc. is subject to the information and periodic
reporting requirements of the Securities Exchange Act and, accordingly, will
file periodic reports, proxy statements and other information with the
Securities and Exchange Commission. Such periodic reports, proxy statements and
other information will be available for inspection and copying at the
Commission's public reference room and the website of Commission's Public
Reference Room located at 450 Fifth Street N.W., Washington D.C. 20549. Please
call the


                                      -5-
<PAGE>
Commission at 1-800-SEC-0330 for further information about the public reference
rooms. The Company's filings with the Commission are also available to the
public from the Commission's website at http://www.sec.gov.

ITEM 2.     PROPERTIES.

     The Company currently maintains limited office space occupied by Coreena
Hansen, the Company's Secretary for which it pays no rent. Its address is Suite
210-580 Hornby Street, Vancouver, British Columbia, Canada. The Company does not
believe that it will need to obtain additional office space at any time in the
foreseeable future until its business plan is more fully implemented.

ITEM 3.     LEGAL PROCEEDINGS.

     The Company is not a party to any pending litigation and none is
contemplated or threatened.


ITEM 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

     There were no matters submitted to the shareholders during the fourth
quarter of fiscal 2003.

                                     PART II

ITEM 5.     MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER
            MATTERS.

     There is no "established trading market" for shares of the Company's common
stock. As of June 23, 2003, the Company's common stock was quoted
over-the-counter on the Bulletin Board operated by the National Association of
Securities Dealers, Inc., under the symbol "NAGA". No assurance can be given
that any "established trading market" for the Company's common stock will
develop or be maintained.

     The range of high and low closing trades for the Company's common stock
during each quarter of the fiscal years ended April 30, 2003 and 2002 is shown
below. Prices are inter-dealer quotations, without retail mark-up, mark-down, or
commissions and may not represent actual transactions.

<TABLE>
<CAPTION>
                                STOCK QUOTATIONS

--------------------------  ------------------------------  ---------
Quarter ended:              High Trade                      Low Trade
<S>                         <C>                             <C>
--------------------------  ------------------------------  ---------

--------------------------  ------------------------------  ---------
July 31, 2001                     0.00                           0.00
--------------------------  ------------------------------  ---------
October 31, 2001                  0.00                           0.00
--------------------------  ------------------------------  ---------
January 31, 2002                  0.00                           0.00
--------------------------  ------------------------------  ---------
April 30, 2002                    0.00                           0.00
--------------------------  ------------------------------  ---------
July 31, 2002                     0.47                           0.00
--------------------------  ------------------------------  ---------
October 31, 2002                  0.67                           0.59
--------------------------  ------------------------------  ---------
January 31, 2003                  0.72                           0.72
--------------------------  ------------------------------  ---------
April 30, 2003                    1.55                           0.94
--------------------------  ------------------------------  ---------
</TABLE>

-    The above represents the average high/low trade for the applicable quarter.
-    The above takes into account the Company's stock completed a 5:4 stock
     split in March 2003

     There are no plans, proposals, arrangements or understandings with any
person with regards to the development of a trading market in any of our
securities.


                                      -6-
<PAGE>
HOLDERS

     As at June 23, 2003 the Company had 39 shareholders of record of common
stock, including shares held by brokerage clearing houses, depositories or
otherwise in unregistered form. The beneficial owners of such shares are not
known to the Company.

DIVIDENDS

     On March 4, 2003, the Company's Board of Directors declared a stock
dividend of one additional share for every four shares held. The Record Date for
the stock dividend was March 17, 2003. On March 26, 2003, the Company issued the
dividend shares to its shareholders. Prior to the stock dividend there were
15,850,000 shares of common stock outstanding. After the stock dividend was paid
there were 19,812,500 shares of common stock outstanding.

     North American Natural Gas, Inc. has not declared any cash dividends with
respect to its common stock and does not intend to declare dividends in the
foreseeable future. There are no material restrictions limiting, or that are
likely to limit, the Company's ability to pay dividends in its common stock,
except that dividends may not be paid to render it insolvent. Dividend policy
will be based on the Company's cash resources and needs and it is anticipated
that all available cash will be needed for its operations in the foreseeable
future.

SEC RULE 15G

     Our Company's shares are covered by Rule 15g of the Securities Exchange Act
of 1934, as amended that imposes additional sales practice requirements on
broker/dealers who sell such securities to persons other than established
customers and accredited investors (generally institutions with assets in excess
of $5,000,000 or individuals with net worth in excess of $1,000,000 or annual
income exceeding $200,000 or $300,000 jointly with their spouses). For
transactions covered by the Rule, the broker/dealer must make a special
suitability determination for the purchase and have received the purchaser's
written agreement to the transaction prior to the sale. Consequently, the Rule
may affect the ability of broker/dealers to sell our securities and also may
affect your ability to sell your shares in the secondary market.

     Section 15(g) of the Exchange Act also imposes additional sales practice
requirements on broker/dealers who sell penny securities. These rules require a
one-page summary of certain essential items. The items include the risk of
investing in penny stocks in both public offerings and secondary marketing;
terms important to in understanding of the function of the penny stock market,
such as "bid" and "offer" quotes, a dealers "spread" and broker/dealer
compensation; the broker/dealer compensation, the broker/dealers duties to its
customers, including the disclosures required by any other penny stock
disclosure rules; the customers rights and remedies in causes of fraud in penny
stock transactions; and, the NASD's toll free telephone number and the central
number of the North American Administrators Association, for information on the
disciplinary history of broker/dealers and their associated persons.

RECENT SALES OF UNREGISTERED SECURITIES

     On July 22, 2002, the Company issued 312,500 (250,000 pre-split) shares of
"unregistered" and "restricted" shares of its common stock to Health Anti-Aging
Lifestyle Options, Inc. ("HALO") pursuant to a private placement financing of
$250,000 to be used in developing a kiosk marketing system. The Company had
intended to enter into a marketing partnership with HALO to sell HALO's products
once the kiosk marketing system was in place. The Company believes that the
offer and sale of these securities was exempt from the registration requirements
of the Securities Act of 1933, as amended, pursuant to Rule 506 of Regulation D
of the Securities and Exchange Commission and from various similar state
exemptions.


                                      -7-
<PAGE>
ITEM 6.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
            RESULT OF OPERATIONS.


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

     Some discussions in this report may contain forward-looking statements that
involve risks and uncertainties. A number of important factors could cause our
actual results to differ materially from those expressed in any forward-looking
statements made by us in this report. Such factors include, those discussed in
"Risk Factors", "Management's Discussion and Analysis of Financial Condition and
Results of Operations" and "Business", as well as those discussed elsewhere in
this report. Forward-looking statements are often identified by words like:
believe, expect, estimate, anticipate, intend, project and similar expressions,
or words which, by their nature, refer to future events.

     The following discussion and analysis of the Company's financial condition
and results of operations should be read in conjunction with the Financial
Statements and accompanying notes and the other financial information appearing
elsewhere in this Report.

FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

     North American Natural Gas, Inc. is in the development stage. In a
development stage company, management devotes most of its activities in
developing a market for its products. Planned principal activities have not yet
begun.

     In the audited financial statements for the fiscal year ended April 30,
2003, the Company's auditors had issued a going concern opinion. This means that
the auditors believed there is doubt that the Company can continue as an
on-going business unless it obtain additional capital to maintain its existence
and to commence its operations.

     As at April 30, 2003, the Company had net cash of $103,255 and accounts
payable and accrued liabilities of $19,578. We do not know how long the money
will last, however, we do believe it will last twelve months.

PLAN OF OPERATIONS

     During the period from March 24, 2000 through April 30, 2003, the Company
has engaged in no significant operations other than organizational activities,
acquisition of the rights to market Vitamineralherb.com, preparation for
registration of its securities under the Securities Act of 1933, as amended,
preparation of a supplementary business plan and completing a private placement
to fund this secondary division. No revenues were received by the Company during
this period.

     During the fourth quarter of fiscal 2003, the Company changed its name to
North American Natural Gas, Inc. as it had anticipated that it would undertake a
new business purpose in the oil and gas exploration industry. The Company
entered into agreements to purchase interests in two oil and gas exploration
opportunities subject to raising a minimum of US$11,000,000 in a private
offering. The Company was unsuccessful in its efforts to raise the minimum
amount and all funds received were subsequently returned to the original
subscribers. All agreements were terminated. The Company spent $85,683 during
the year in connection with the failed financing efforts.

     Subsequent to the end of the year, after the Company was unsuccessful in
its efforts to raise the required capital to change its business purpose, it
reverted back to the original business to determine the feasibility of marketing
the Vitamineralherb.com products in various markets, and, if the products prove
to be in demand,


                                      -8-
<PAGE>
begin marketing and selling Vitamineralherb.com products.

     During the year just ended, the Company extended its license with
Vitamineralherb.com for an additional three years to market vitamins, minerals,
nutritional supplements and other health and fitness products in Minnesota
through the Vitamineralherb.com web site. The license is now valid until April
2006 subject to the payment of the annual fees.

     The Company's business plan in connection with the license to sell products
through the Vitamineralherb.com web site was to determine the feasibility of
selling products to targeted markets. In order to determine the feasibility of
its business plan, the Company plans to conduct research into these various
potential target markets. Should the Company determine that the exploitation of
the license is feasible, it will engage salespeople to market the products.
Based primarily on discussions with the licensor, the Company believes that
during its first operational quarter, it will need a capital infusion of
approximately $85,000 to achieve a sustainable sales level where ongoing
operations can be funded out of revenues. This capital infusion is intended to
cover costs of advertising, hiring and paying two salespeople and administrative
expenses. In addition, the Company will need approximately $260,000 in the event
it determines that its market will not pay in advance and it will have to extend
credit. The Company will have to obtain additional financing through an offering
or capital contributions by current shareholders. There can be no assurance that
additional financing will be available on terms acceptable to the Company, or at
all.

     The implementation of the Company's initial plans was delayed as
Vitamineralherb.com re-worked its web site rendering it non-operational for a
period of time. In addition, Vitamineralherb.com changed its primary supplier of
products again delaying the Company's ability to initiate its business plan. The
Company then looked at changing its business purpose to the oil and gas industry
thus further delaying the implementation of the initial plans to determine the
feasibility of selling the Vitamineralherb.com products. The Company's efforts
to implement its initial business plan continues to be delayed as
Vitamineralherb.com continues to modify its web site and to find a replacement
supplier for its vitamin and mineral products to offer to its licensees.

     In addition to its Vitamineralherb.com business development, during the
quarter ended January 31, 2003, the Company initiated the development of a
marketing strategy to offer consumers high quality, competitively priced
personal care products through a kiosk-based ordering system with additional web
sites, mail-in and phone orders. Once developed, the Company had intended to use
the kiosk-based marketing strategy as another distribution network for both its
Vitamineralherb.com products and the products of Health Anti-Aging Lifestyle
Options, Inc. ("HALO"). On March 31, 2003, the Company was informed that HALO
had ceased its operations in the health related industry and was no longer going
to be selling any type of products.

RESULTS OF OPERATIONS

FROM INCEPTION ON MARCH 24, 2000 TO APRIL 30, 2003

     The Company remains in the development stage. The balance sheet as of April
30, 2003 reflects net cash of $103,255 against total liabilities of $19,578. The
Company has incurred a loss of $135,183 for the fiscal year to date and a total
loss of $225,838 from inception.

     The Company spent $85,683 in connection with the failed efforts to raise
the $11,000,000 for the acquisition of the oil and gas properties.

     The Company spent $25,331 in accounting and legal fees as compared to
$14,033 in 2002. The increase was due mainly to the additional costs involved in
preparing the offering memorandum and the various agreements relating to the oil
and gas prospects that were subsequently terminated when the Company did not
raise the minimum required amount.


                                      -9-
<PAGE>
     An independent director was paid $5,000 for fees (nil in 2002) as the
director had resigned as part of the anticipated transition to an oil and gas
company.

     Transfer agent and filing fees were higher ($4,656 as compared to $2,224 in
2002) as the Company was had filed several Form 8K's with very extensive
exhibits resulting in increased cost for Edgar filings. The Company also
completed a 5-4 stock dividend resulting in increased costs from the transfer
agent.

LIQUIDITY AND CAPITAL RESOURCES

     As of the date of this report, the Company has yet to generate any revenues
from its business operations.

     The Company had cash on hand of $103,255 as at April 30, 2003 and working
capital of $64,099 compared to cash on hand of $4,645 and a negative working
capital of $64,655 as at April 30, 2002. This change in working capital and cash
was due primarily to the private placement of 250,000 common shares completed in
July 2002. The Company believes that it has sufficient funds to meet its
administrative operating obligations for the next twelve months.

     The Company will need additional capital to carry out all of its
obligations and business strategies. The Company intends to raise any additional
capital required to fund its financing needs by issuance of debt and equity. The
Company's management has been exploring a number of other options to meet the
Company's obligations and future capital requirements, including the possibility
of equity offering, debt financing, and business combination. There can be no
assurance financing will be available or accessible on reasonable terms, or at
all.

     North American Natural Gas, Inc. may engage in a combination with another
business. During the quarter just ended, the Company entered into agreements
that would have changed its business to the oil and gas industry. The Company
was unsuccessful in raising the minimum capital required to complete the
transaction and subsequently terminated all the agreements. The Company has
engaged in discussions concerning other potential business combinations, but has
not entered into any agreement for such a combination.

     The Company's failure to generate revenues and conduct operations since its
inception raises substantial doubt about the Company's ability to continue as a
going concern. The Company will require substantial working capital and
currently has inadequate capital to fund all of its business strategies, which
could severely limit the Company's operations.



ITEM 7. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.


                                      -10-
<PAGE>
                                [GRAPHIC OMITTED]


                          Independent Auditor's Report
                          ----------------------------

To the Stockholders and Board of Directors
of North American Natural Gas Inc. (formerly FAR Group, Inc.)
(A Development Stage Company)

We have audited the accompanying balance sheets of North American Natural Gas
Inc. (formerly FAR Group, Inc.) (A Development Stage Company) as of April 30,
2003 and 2002 and the related statements of operations, stockholders' equity and
cash flows accumulated for the period from March 24, 2000 (Date of Inception) to
April 30, 2003 and the years ended April 30, 2003 and 2002. These financial
statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.

We conducted our audits in accordance with United States generally accepted
auditing standards. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our
opinion.

In our opinion, the aforementioned financial statements present fairly, in all
material respects, the financial position of North American Natural Gas Inc.
(formerly FAR Group, Inc.) (A Development Stage Company), as of April 30, 2003
and 2002, and the results of its operations and its cash flows accumulated for
the period from March 24, 2000 (Date of Inception) to April 30, 2003 and the
years ended April 30, 2003 and 2002, in conformity with United States generally
accepted accounting principles.

The accompanying financial statements have been prepared assuming the Company
will continue as a going concern. As discussed in Note 1 to the financial
statements, the Company has not generated any revenues or conducted any
operations since inception. These factors raise substantial doubt about the
Company's ability to continue as a going concern. Management's plans in regard
to these matters are also discussed in Note 1. The financial statements do not
include any adjustments that might result from the outcome of this uncertainty.


/s/ "Manning Elliott"


CHARTERED ACCOUNTANTS

Vancouver, Canada

June 3, 2003


              (See Accompanying Notes to the Financial Statements)


<PAGE>
<TABLE>
<CAPTION>
North American Natural Gas Inc.
(formerly FAR Group Inc.)
(A Development Stage Company)
Balance Sheets


                                                                                April 30,    April 30,
                                                                                  2003         2002
                                                                                    $            $
<S>                                                                            <C>          <C>
ASSETS

Current Assets

Cash                                                                              103,255        4,645
Funds held to repay share subscriptions (Note 3)                                1,601,485            -
-------------------------------------------------------------------------------------------------------

Total Assets                                                                    1,704,740        4,645
=======================================================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities

Accounts payable                                                                   14,078       33,750
Accrued liabilities                                                                 5,500          550
Share subscriptions refundable (Note 3)                                         1,600,000            -
Note payable (Note 5)                                                                   -       35,000
-------------------------------------------------------------------------------------------------------

Total Liabilities                                                               1,619,578       69,300
-------------------------------------------------------------------------------------------------------

Contingency (Note 1)

Stockholders' Equity

Common Stock: $0.0001 par value; authorized 100,000,000 common shares;              1,981        1,950
19,812,500 and 19,500,000 shares issued and outstanding respectively (Note 6)

Additional Paid-in Capital                                                        309,019       24,050
-------------------------------------------------------------------------------------------------------
                                                                                  311,000       26,000
-------------------------------------------------------------------------------------------------------
Preferred Stock: $.0001 par value; authorized 20,000,000 preferred shares of
which 3,500,000 will be designated as Class "A" convertible preferred shares
(Note 7) - none issued                                                                  -            -
-------------------------------------------------------------------------------------------------------

Deficit Accumulated During the Development Stage                                 (225,838)     (90,655)
-------------------------------------------------------------------------------------------------------

Total Stockholders' Equity (Deficit)                                               85,162      (64,655)
-------------------------------------------------------------------------------------------------------

Total Liabilities and Stockholders' Equity                                      1,704,740        4,645
=======================================================================================================
</TABLE>



              (See Accompanying Notes to the Financial Statements)


<PAGE>
<TABLE>
<CAPTION>
North American Natural Gas Inc
(formerly FAR Group Inc.)
(A Development Stage Company)
Statements of Operations


                                                        Accumulated From
                                                         March 24, 2000             Year Ended
                                                       (Date of Inception)    April 30,     April 30,
                                                        to April 30, 2003        2003          2002
                                                                $                 $             $
<S>                                                    <C>                   <C>           <C>

Revenue                                                                  -             -             -
-------------------------------------------------------------------------------------------------------

Expenses

  Accounting and legal                                              59,915        25,331        14,033
  Business acquisition and finance costs written-off                85,683        85,683             -
  Consulting fees                                                   25,000        10,000        10,000
  Directors fee                                                      5,000         5,000             -
  License written-off                                               35,000             -             -
  Office                                                             7,416         5,899           810
  Transfer agent and filing fees                                     9,210         4,656         2,224
  Less interest income                                              (1,386)       (1,386)            -
-------------------------------------------------------------------------------------------------------

Total Expenses                                                     225,838       135,183        27,067
-------------------------------------------------------------------------------------------------------

Net Loss For The Period                                           (225,838)     (135,183)      (27,067)
=======================================================================================================


Net Loss Per Share                                                                  (.01)            -
=======================================================================================================

Weighted Average Number of Shares Outstanding
(stock recapitalizations applied retroactively - see
Note 6)                                                                       19,741,000    19,500,000
=======================================================================================================
</TABLE>


(Diluted loss per share has not been presented, as the result is anti-dilutive)



              (See Accompanying Notes to the Financial Statements)


<PAGE>
<TABLE>
<CAPTION>
North American Natural Gas Inc.
(formerly FAR Group Inc.)
(A Development Stage Company)
Statements of Cash Flow

                                                                   Accumulated From
                                                                    March 24, 2000            Year Ended
                                                                  (Date of Inception)    April 30,    April 30,
                                                                   to April 30, 2003       2003         2002
                                                                           $                 $            $
<S>                                                               <C>                   <C>          <C>

Cash Flows From Operating Activities

Net loss for the period                                                      (225,838)    (135,183)     (27,067)

Adjustments to reconcile net loss to cash

  Legal and organizational costs                                               16,000            -            -
  License written-off                                                          35,000            -            -

Change in non-cash working capital items

  Increase (decrease) in accounts payable and accrued
    liabilities                                                                19,578      (14,722)      29,351
Increase in share subscriptions refundable (Note 3)                         1,600,000    1,600,000
----------------------------------------------------------------------------------------------------------------

Net Cash Provided From Operating Activities                                 1,444,740    1,450,095        2,284
----------------------------------------------------------------------------------------------------------------

Cash Flows From Financing Activities

Common shares issued                                                          260,000      250,000            -
----------------------------------------------------------------------------------------------------------------

Increase In Cash and Equivalents                                            1,704,740    1,700,095        2,284
Cash and Equivalents - Beginning of Period                                          -        4,645        2,361
----------------------------------------------------------------------------------------------------------------

Cash and Equivalents - End of Period                                        1,704,740    1,704,740        4,645
================================================================================================================


Cash and Equivalents Consists of:

Cash in bank                                                                  103,255      103,255        4,645
Funds held in lawyers escrow account (Note 3)                               1,601,485    1,601,485            -
----------------------------------------------------------------------------------------------------------------

                                                                            1,704,740    1,704,740        4,645
================================================================================================================
Non-Cash Financing Activities

A total of 1,600,000 shares were issued to a director at a fair
market value of $0.01 per share for legal and organizational
expenses paid                                                                  16,000            -            -

A note payable was assumed by the Company for the
acquisition of a License from a former director which was
forgiven on July 12, 2002 (Notes 4 and 5)                                           -            -            -
----------------------------------------------------------------------------------------------------------------

                                                                               16,000            -            -
================================================================================================================
Supplemental Disclosures

Interest paid                                                                       -            -            -
Income tax paid                                                                     -            -            -
</TABLE>

              (See Accompanying Notes to the Financial Statements)


<PAGE>
<TABLE>
<CAPTION>
FAR Group, Inc.
(formerly FAR Group Inc.)
(A Development Stage Company)
Statement of Stockholders' Deficit
From March 24, 2000 (Date of Inception) to April 30, 2003



                                                                                        Deficit
                                                                                      Accumulated
                                                                  Additional          During the
                                                  Common Stock     Paid-in            Development
                                                Shares    Amount   Capital    Total      Stage
                                                  #          $        $         $          $
<S>                                           <C>         <C>      <C>       <C>       <C>

Balance - March 24, 2000 (Date of Inception)           -        -         -         -          -

  Stock issued for legal and
  organizational expenses at a fair market
  value of $0.01 per share                    12,000,000    1,200    14,800    16,000          -

Net loss for the period                                -        -         -         -    (51,000)
-------------------------------------------------------------------------------------------------

Balance - April 30, 2000                      12,000,000    1,200    14,800    16,000    (51,000)

  Stock issued for cash at $0.01 per share     7,500,000      750     9,250    10,000          -

Net loss for the year                                  -        -         -         -    (12,588)
-------------------------------------------------------------------------------------------------

Balance - April 30, 2001                      19,500,000    1,950    24,050    26,000    (63,588)

Net loss for the year                                  -        -         -         -    (27,067)
-------------------------------------------------------------------------------------------------

Balance - April 30, 2002                      19,500,000    1,950    24,050    26,000    (90,655)

Stock issued for cash at $1.00 per share         312,500       31   249,969   250,000          -

Extinguishment of Note Payable (Note 5)                -        -    35,000    35,000          -

Net loss for the year                                  -        -         -         -   (135,183)
-------------------------------------------------------------------------------------------------

Balance - April 30, 2003                      19,812,500    1,981   309,019   311,000   (225,838)
=================================================================================================
</TABLE>

The number of shares issued and values assigned has been restated for all prior
periods to reflect a forward split of common stock on a 6 new for 1 old basis
and a stock dividend of one share for every four shares held on August 31, 2001
and March 17, 2003, respectively.



              (See Accompanying Notes to the Financial Statements)


<PAGE>
North American Natural Gas Inc.
(formerly FAR Group Inc.)
(A Development Stage Company)
Notes to the Financial Statements
April 30, 2003


1.   Development Stage Company

     North  American  Natural  Gas,  Inc. (formerly FAR Group, Inc.) herein (the
     "Company") was incorporated in the State of Washington, U.S.A. on March 24,
     2000.  The  Company  acquired  a license to market and distribute vitamins,
     minerals, nutritional supplements, and other health and fitness products in
     which  the  grantor  of  the  license  offers  these products for sale from
     various  suppliers  on  their  Web  Site. The Company was also developing a
     marketing  strategy  to  offer personal care products through a kiosk-based
     ordering  system.

     The  Company  is  in the development stage. In a development stage company,
     management  devotes  most  of its activities in developing a market for its
     products.  Planned  principal activities have not yet begun. The ability of
     the  Company  to  emerge  from  the  development  stage with respect to any
     planned  principal  business  activity  is  dependent  upon  its successful
     efforts  to  raise  additional  equity  financing  and/or attain profitable
     operations.  There  is  no guarantee that the Company will be able to raise
     any  equity  financing  or  sell  any of its products at a profit. There is
     substantial  doubt  regarding  the Company's ability to continue as a going
     concern.

     During the year the Company changed its name to North American Natural Gas,
     Inc.  as  it had anticipated that it would undertake a new business purpose
     in  the  oil  and gas exploration industry. The Company was unsuccessful in
     its  efforts  to  raise  the  required  capital  to acquire the oil and gas
     properties  contemplated  and  reverted  back  to  its original business to
     exploit  the  license  to  market  and  sell  vitamins and other health and
     fitness  products.

2.   Summary of Significant Accounting Policies

     (a)  Year end

          The Company's fiscal year end is April 30.

     (b)  License

          The  cost  to  acquire  the  License  was  initially  capitalized. The
          carrying  value  of the License was evaluated in each reporting period
          to determine if there were events or circumstances that would indicate
          a  possible  inability to recover the carrying amount. Such evaluation
          is based on various analyses including assessing the Company's ability
          to  bring the commercial applications to market, related profitability
          projections  and  undiscounted cash flows relating to each application
          which  necessarily  involves significant management judgment. Where an
          impairment  loss  has  been  determined  the  carrying  amount  is
          written-down  to fair market value. Fair market value is determined as
          the amount at which the license could be sold in a current transaction
          between willing parties. The License was written-off to operations due
          to  the lack of historical cash flow of the license and lack of market
          to  resell  the  license.

     (c)  Cash and Cash Equivalents

          The Company considers all highly liquid instruments with a maturity of
          three  months  or less at the time of issuance to be cash equivalents.


<PAGE>
North American Natural Gas Inc.
(formerly FAR Group Inc.)
(A Development Stage Company)
Notes to the Financial Statements
April 30, 2003


2.   Summary of Significant Accounting Policies (continued)

     (d)  Revenue Recognition

          The  Company will receive from the Grantor of the license, commissions
          of  one-half of all the profit on all sales made through the Grantor's
          Web  Site. The commission revenue will be recognized in the period the
          sales have occurred. The Company recognizes revenue in accordance with
          Securities  and  Exchange Commission Staff Accounting Bulletin No. 101
          ("SAB 101"), "Revenue Recognition in Financial Statements." Revenue is
          recognized  only  when  the price is fixed or determinable, persuasive
          evidence  of  an  arrangement  exists,  the  service is performed, and
          collectibility  is  reasonably  assured.  The  Company will report the
          commission revenue on a net basis as the Company is acting as an Agent
          for  the  Grantor  and  does  not  assume  any risks or rewards of the
          ownership  of  the  products. This policy is prospective in nature, as
          the  Company  has  not  yet  generated  any  revenue.

     (e)  Use of Estimates

          The  preparation  of financial statements in conformity with generally
          accepted  accounting  principles requires management to make estimates
          and  assumptions  that  affect  the  reported  amounts  of  assets and
          liabilities and disclosure of contingent assets and liabilities at the
          date  of the financial statements and the reported amounts of revenues
          and  expenses  during  the  periods.  Actual results could differ from
          those  estimates.

     (f)  Offering Costs
          In  accordance with SEC staff accounting Bulletin No. 5 offering costs
          may properly be deferred and charged against proceeds of the offering.
          The  Company  has elected to charge such offering costs to operations.

     (g)  Comprehensive Loss
          SFAS  No. 130, "Reporting Comprehensive Income," establishes standards
          for the reporting and display of comprehensive loss and its components
          in  the  financial statements. As at January 31, 2003, the Company has
          no  items  that  represent  comprehensive loss and, therefore, has not
          included a schedule of comprehensive loss in the financial statements.

     (h)  Basic and Diluted Net Income (Loss) per Share

          The  Company  computes  net income (loss) per share in accordance with
          SFAS  No.  128,  "Earnings  per  Share"  (SFAS 128). SFAS 128 requires
          presentation of both basic and diluted earnings per share (EPS) on the
          face  of  the  income statement. Basic EPS is computed by dividing net
          income  (loss)  available  to  common  shareholders (numerator) by the
          weighted  average  number  of  common shares outstanding (denominator)
          during  the period. Diluted EPS gives effect to all dilutive potential
          common  shares  outstanding during the period including stock options,
          using  the  treasury  stock  method,  and convertible preferred stock,
          using  the  if-converted method. In computing Diluted EPS, the average
          stock price for the period is used in determining the number of shares
          assumed  to  be  purchased  from  the  exercise  of  stock  options or
          warrants.  Diluted EPS excludes all dilutive potential shares if their
          effect  is  anti dilutive. Loss per share information does not include
          the  effect  of  any potential common shares, as their effect would be
          anti-dilutive.


<PAGE>
North American Natural Gas Inc.
(formerly FAR Group Inc.)
(A Development Stage Company)
Notes to the Financial Statements
April 30, 2003


2.   Summary of Significant Accounting Policies (continued)

     (i)  Financial Instruments

          The fair value of the Company's current assets and current liabilities
          were  estimated  to  approximate  their  carrying  values  due  to the
          immediate  short-term  maturity of these financial instruments. As the
          Company  operates  in  Canada,  virtually  all  of  its  assets  and
          liabilities  are  giving  rise to significant exposure to market risks
          from changes in foreign currency rates. The financial risk is the risk
          to  the  Company's  operations that arise from fluctuations in foreign
          exchange rates and the degree of volatility of these rates. Currently,
          the Company does not use derivative instruments to reduce its exposure
          to  foreign  currency risk. Management does not believe the Company is
          exposed  to  significant  credit  or  interest  rate  risks.

     (j)  Recent Accounting Pronouncements

          On  June 29, 2001, SFAS No. 141, "Business Combinations", was approved
          by  the  Financial  Accounting  Standards Board ("FASB"). SFAS No. 141
          requires  that  the  purchase  method  of  accounting  be used for all
          business  combinations  initiated  after  June  30, 2001. Goodwill and
          certain  intangible assets will remain on the balance sheet and not be
          amortized.  On  an  annual  basis, and when there is reason to suspect
          that  their values have been diminished or impaired, these assets must
          be  tested  for  impairment,  and  write-downs  may  be necessary. The
          Company implemented SFAS NO. 141 on July 1, 2001 and its impact is not
          expected  to  be  material  on  its  financial  position or results of
          operations.

          On  June  29,  2001,  SFAS  No.  142,  "Goodwill  and Other Intangible
          Assets", was approved by FASB. SFAS N0. 142 changes the accounting for
          goodwill  from  an amortization method to an impairment-only approach.
          Amortization of goodwill, including goodwill recorded in past business
          combinations,  will cease upon adoption of this statement. The Company
          adopted  SFAS  No. 142 on April 1, 2002 and its impact is not expected
          to  have  a  material  effect  on its financial position or results of
          operations.

          In  June  2001,  the  FASB  issued SFAS No. 143, "Accounting for Asset
          Retirement  Obligation",  SFAS  No.  143 is effective for fiscal years
          beginning  after June 15, 2002, and will require companies to record a
          liability for asset retirement obligations in the period in which they
          incurred,  which  typically  could  be  upon  completion  or  shortly
          thereafter.  The  FASB decided to limit the scope to legal obligations
          and  the liability will be recorded at fair value. The Company adopted
          SFAS No. 143 on June 15, 2002 and its impact is not expected to have a
          material  effect  on  its financial position or results of operations.

          In  August  2001,  the  FASB  issued SFAS No. 144, "Accounting for the
          Impairment  of  Disposal  of  Long-Lived  Assets".  SFAS  No.  144  is
          effective  for  fiscal  years  beginning  after  December 15, 2001. It
          provides  a  single  accounting  model  for  long-lived  assets  to be
          disposed  of  and replaces SFAS No. 121 "Accounting for the Impairment
          of  Long-Lived  Assets  and  Long-Lived Assets to Be Disposed of". The
          Company adopted SFAS No. 144 on May 1, 2002. The effect of adoption of
          this  standard  on  the  Company's results of operations and financial
          position  is  not  expected  to  be  material.


<PAGE>
North American Natural Gas Inc.
(formerly FAR Group Inc.)
(A Development Stage Company)
Notes to the Financial Statements
April 30, 2003


2.        Summary of Significant Accounting Policies (continued)

     (j)  Recent Accounting Pronouncements (continued)

          In  June  2002,  FASB  issued  SFAS  No.  146,  "Accounting  for Costs
          Associated  with  Exit or Disposal Activities". The provisions of this
          Statement  are  effective  for  exit  or  disposal activities that are
          initiated  after December 31, 2002, with early application encouraged.
          This  Statement addresses financial accounting and reporting for costs
          associated  with  exit  or  disposal activities and nullifies Emerging
          Issues  Task  Force  (EITF) Issue No. 94-3, "Liability Recognition for
          Certain  Employee  Termination  Benefits  and  Other  Costs to Exit an
          Activity  (including Certain Costs Incurred in a Restructuring)". This
          Statement requires that a liability for a cost associated with an exit
          or disposal activity be recognized when the liability is incurred. The
          Company  adopted  SFAS  No.  146  on  January  1,  2003. The effect of
          adoption  of  this standard on the Company's results of operations and
          financial  position  is  not  expected  to  be  material.

          FASB  has  also  issued SFAS No. 145, 147 and 149 but they do not have
          any  relationship to operations of the Company therefore a description
          of  each  and their respective impact on the Company's operations have
          not  been  disclosed.

          In  December  2002,  the  FASB  issued  SFAS  No. 148, "Accounting for
          Stock-Based  Compensation  -  Transition and Disclosure", which amends
          AFAS  No.  123  to  provide  alternative  methods  of transition for a
          voluntary  change  to  the  fair  value based method of accounting for
          stock-based  employee  compensation. In addition, SFAS No. 148 expands
          the  disclosure requirements of SFAS No. 123 to require more prominent
          disclosures  in both annual and interim financial statements about the
          method  of  accounting  for  stock-based employee compensation and the
          effect  of  the  method  used  on  reported  results.

          The  transition  provisions  of  SFAS No. 148 are effective for fiscal
          years  ended after December 15, 2002. The transition provisions do not
          currently  have  an  impact  on  the  Company's financial position and
          results of operations as the Company has not elected to adopt SFAS No.
          123's  fair  value based method of accounting for stock-based employee
          compensation.  The disclosure provisions of SFAS No. 148 are effective
          for  financial statements for interim periods beginning after December
          15,  2002.  The  Company adopted SFAS No. 148 on February 1, 2003. The
          effect  of  adoption  of  this  standard  on  the Company's results of
          operations  and financial position is not material as the Company does
          not  have  a  stock  option  plan.


3.        Share  Subscriptions  Refundable

          During  fiscal  2003,  the Company entered into agreements to purchase
          interests  in  two  oil  and  gas exploration opportunities subject to
          raising  a  minimum  of US$11,000,000 in a private offering. All funds
          received  were  kept in a lawyers escrow account until the minimum was
          received.  A  total of $3,600,000 was raised as at April 28, 2003. The
          Company  was  unsuccessful  in its efforts to raise the minimum amount
          and  all  funds received pursuant to the offering were returned to the
          original  subscribers  from the escrow account and all agreements were
          terminated.  As  at  April  30,  2003, $1,600,000 was remaining in the
          escrow  account  and  was  returned subsequent to the end of the year.


<PAGE>
North American Natural Gas Inc.
(formerly FAR Group Inc.)
(A Development Stage Company)
Notes to the Financial Statements
April 30, 2003


4.   License

     The  Company's  only  asset  is  a  license  to  market vitamins, minerals,
     nutritional  supplements  and other health and fitness products through the
     Grantor's Web Site. The Company desires to market these products to medical
     practitioners,  alternative  health professionals, martial arts studios and
     instructors,  sports  and  fitness  trainers,  other  health  and  fitness
     practitioners,  school  and  other  fund raising programs and other similar
     types of customers in Minnesota. The license was acquired on April 13, 2000
     and  renewed on August 15, 2002 for a term of three years. The Company must
     pay  an  annual  fee  of  $500  for  maintenance  of the Grantor's Web Site
     commencing  with  the year ended April 13, 2002. The Grantor of the license
     retains  50%  of  the  profits.

     The Company paid total consideration of $35,000 for the license with a note
     payable  of  $35,000.  See  Note  5.

     The  License  was  written-off  to operations due to the lack of historical
     cash  flow  and  lack of a market to resell the license. However, it is the
     Company's intention to conduct a survey to determine its core target market
     from  amongst  the potential clients under its Vitamineralherb.com license,
     hire  commissioned  sales  staff, establish an office, advertise, and begin
     making  sales.


5.   Related Party Transaction

     The License referred to in Note 4 was assigned to the Company by the former
     sole  director and former President of the Company for consideration of the
     assumption of a note payable of $35,000 to Vitamineralherb.com. The License
     was  recorded  at  the  transferor's  cost  of $35,000, which was also fair
     market value at the time. The Grantor of the License was not related to the
     Company.  On  December  12,  2000,  on  behalf  of  the Company, the former
     President of the Company repaid the note payable to Vitamineralherb.com for
     which  the Company issued a note payable of $35,000 to the former President
     of  the  Company.  The  $35,000 note payable to the former President of the
     Company  was  unsecured, non-interest bearing and was repayable by December
     31, 2010. On July 12, 2002, the former President of the Company forgave the
     note  payable  and  released  the  Company from all obligations. Due to his
     relationship  to  the  Company  as the principal stockholder at the time of
     forgiveness,  the  forgiveness  of  this  debt  was  treated as contributed
     capital,  in  accordance  with  the provisions of Staff Accounting Bulletin
     Topic  5T.

6.   Common Stock

     (a)     The  Company's  Board  of  Directors approved a six for one forward
     split  with  a  record  date  of  August  31,  2001. The Company's Board of
     Directors approved a stock dividend of one share for every four shares held
     with  a record date of March 17, 2003. These recapitalizations were applied
     retroactively.

     (b)     During  fiscal  2003  prior  to the 5 for 4 forward split, pursuant
     to a private placement, the Company issued 312,500 post-split common shares
     at $0.80 per share for total cash consideration of $250,000.


<PAGE>
North American Natural Gas Inc.
(formerly FAR Group Inc.)
(A Development Stage Company)
Notes to the Financial Statements
April 30, 2003


7.   Preferred Stock

     On  March  13,  2003  the  Company  authorized  3,500,000  of  the existing
     authorized preferred stock be designated as Class "A" Convertible Preferred
     Shares  having a par value of $10.00 per share. None have been issued. When
     issued, holders will be entitled to receive a 6% cash dividend of $0.60 per
     share  payable  quarterly. These shares also carry conversion features of 1
     preferred  share  for  8  common  shares.


8.   Income Taxes

     The  Company  has  adopted  the provisions of SFAS No. 109, "Accounting for
     Income Taxes". Pursuant to SFAS No. 109, the Company is required to compute
     tax asset benefits for net operating loss carry forwards. Potential benefit
     of net operating losses has not been recognized in the financial statements
     because  the Company cannot be assured that it is more likely than not that
     it  will  utilize the net operating losses carried forward in future years.

     The Company has $192,000 in net operating losses to carry forward to offset
     future  years  taxable  income  expiring  in  fiscal  2015  through  2017.

     The  components  of the net deferred tax asset, the statutory tax rate, the
     effective  tax  rate  and the elected amount of the valuation allowance are
     scheduled  below:

<TABLE>
<CAPTION>
                                         2003            2002
                                           $              $
<S>                                    <C>             <C>

          Net Operating Losses          137,000         27,000
          Statutory Tax Rate                 34%            34%
          Effective Tax Rate                  -              -
          Deferred Tax Asset             46,580          9,180
          Valuation Allowance           (46,580)        (9,180)
     ----------------------------------------------------------

          Net Deferred Tax Asset         -                   -
     ==========================================================
</TABLE>


9.   Subsequent Events

     Subsequent  to  April  30,  2003  a  total  of  $1,600,000 of subscriptions
     received and held in an escrow account were returned to the subscribers and
     all  subscription  agreements  were  cancelled.  See  Note  3.


ITEM 8.     CHANGES  IN  AND  DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE.

     There  have  been  no disagreements on accounting and financial disclosures
from  the  inception  of  the  Company through the date of this Form 10-KSB. Our
financial  statements  for the period from inception to April 30, 2003, included
in this report have been audited by Manning Elliott, Chartered Accountants, 11th
Floor,  1050 West Georgia Street, Vancouver, British Columbia, Canada V6E 3S7 as
set  forth  in  their  report  included  herein.


<PAGE>
ITEM 9.     DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT.
     The  following table sets forth the name, age and position of each director
and executive officer of North American Natural Gas, Inc:

NAME AND ADDRESS          AGE      POSITIONS

Jim Glavas                40       Chief Executive Officer, President, Director

Richard Achron            60       Chief Financial Officer, Treasurer, Director

Dickson Coatsworth        33       Director

Coreena Hansen            29       Secretary


BACKGROUND OF OFFICERS AND DIRECTORS

Jim Glavas graduated from the Financial Management program at the British
Columbia Institute of Technology in Vancouver, Canada in 1984. From there, he
spent several years in the banking industry as a leasing administrator with
First City Trust. In 1990 he changed career direction to become the General
Sales Manager for Western Canada for Contour Distributors, a leading supplier
and distributor of "top-of-the-line" appliances and high-end solid surface
products.

In April 1996, Mr. Glavas purchased the exclusive Avonite solid surface
countertops distribution rights for Western Canada and formed DG Pacific
Distribution Ltd. As President and owner of DG Pacific, he was solely
responsible for its strong year after year growth increasing its customer base
over 350% in three years and further multiplying its sales over the last two
years. In January 2001, DG Pacific Distribution Ltd. acquired the national
distribution rights for two prominent product lines in the countertop industry.
Mr. Glavas sold DG Pacific Distribution Ltd. in December 2002 and currently
works as an independent consultant in development and market penetration for the
counter top industry.

Richard Achron is a self-employed businessman with over 40 years experience in
the retail/wholesale and manufacturing industry. He spent a number of years
working for major Canadian corporations in sales, sales management and as a
branch manager. These corporations included Philips Electronics,
White-Westinghouse, Canadian Admiral Corporation and Sanyo Electronics. Since
February 1989 he has been President and sole shareholder of Kingman Industries
Ltd., a manufacturing business located in Vancouver, Canada. Kingman Industries
Ltd. distributes strip curtains, air doors and other products to the food
industry. His customer base includes major food chains such as Canada Safeway,
Overwaitea Food Group and Superstore/Loblaws.

Since September 2000, and concurrent to running Kingman Industries, Mr. Achron
is also the President and a Director of Oban Mining Inc., an exploration stage
company listed on the OTC-BB.

Dickson Coatsworth attended Fanshawe College in London, Ontario in the
specialized field of Radio Broadcasting. From 1993 he produced radio shows on
CJBX FM (BX93), a country radio station in London, Ontario, Canada. From 1995 to
1999 Mr. Coatsworth was employed by the Bayshore Broadcasting Corporation as
music director and morning show host for MIX 106 in Owen Sound, Ontario, Canada
while concurrently hosting several charity events such as the Annual Christmas
Toy Drive and Coats for Kids Campaign.

From 1999 to 2000 he was with Chorus Entertainment, Magic 106.1 in Guelph,
Ontario Canada as morning show host and Master of Ceremonies for several public
events and fundraisers such as Police Service Awards and the


<PAGE>
United Way Campaign. Since he relocated to British Columbia in 2000, Mr.
Coatsworth has been Director of Activities at Clayoquot Wilderness Resort.

Coreena Hansen has been actively involved in corporate and financial management
for the past seven years. During those seven years, she has gained public
company experience in such areas as corporate compliance, securities regulatory
filings and related legal and accounting requirements. Ms. Hansen has been
employed by Wood & Associates since February 1996 where she participates in the
management of several public and private companies. Ms. Hansen is also President
and Director of Medusa Style Corporation and has been since its inception in
August, 2002.


Ms. Hansen has formerly held the position of Corporate Secretary of both Blue
Lagoon Ventures, Inc. (BLG), a public company currently trading on the TSX
Venture Exchange (TSX) from February 2001 to October 2001 and MicroAccel, Inc.
(MCXL) now Health Anti-Aging Lifestyle Options Inc., from March 2001 to January
2002, (HLOI) a public company trading on the OTC-BB.

INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS

     To our knowledge, during the past five years, our officers and directors
has: (1) not filed a petition under the federal bankruptcy laws or any state
insolvency law, nor had a receiver, fiscal agent or similar officer appointed by
a court for the business or present of such a person, or any partnership in
which he was a general partner at or within two yeas before the time of such
filing, or any corporation or business association of which he was an executive
officer within two years before the time of such filing; (2) were convicted in a
criminal proceeding or named subject of a pending criminal proceeding (excluding
traffic violations and other minor offenses); (3) were the subject of any order,
judgment or decree, not subsequently reversed, suspended or vacated, of any
court of competent jurisdiction, permanently or temporarily enjoining him from
or otherwise limiting the following activities: (i) acting as a futures
commission merchant, introducing broker, commodity trading advisor, commodity
pool operator, floor broker, leverage transaction merchant, associated person of
any of the foregoing, or as an investment advisor, underwriter, broker or dealer
in securities, or as an affiliated person, director of any investment company,
or engaging in or continuing any conduct or practice in connection with such
activity; (ii) engaging in any type of business practice; (iii) engaging in any
activity in connection with the purchase or sale of any security or commodity or
in connection with any violation of federal or state securities laws or federal
commodity laws; (4) were the subject of any order, judgment or decree, not
subsequently reversed, suspended or vacated, of any federal or state authority
barring, suspending or otherwise limiting for more than 60 days the right of
such person to engage in any activity described above under this Item, or to be
associated with persons engaged in any such activity; (5) were found by a court
of competent jurisdiction in a civil action or by the Securities and Exchange
Commission to have violated any federal or state securities law and the judgment
in subsequently reversed, suspended or vacate; (6) were found by a court of
competent jurisdiction in a civil action or by the Commodity Futures Trading
Commission to have violated any federal commodities law, and the judgment in
such civil action or finding by the Commodity Futures Trading Commission has not
been subsequently reversed, suspended or vacated.

COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

     To the best knowledge of the Company, all directors, officers and persons
who beneficially owned more than ten percent of the Company's common stock filed
timely reports in compliance with Section 16(a).

ITEM 10.    EXECUTIVE COMPENSATION.

     The following table sets forth information with respect to compensation
paid by the Company to the Chief Executive Officer and the other highest paid
executive officers (the Named Executive Officer) during the three most recent
fiscal years.


<PAGE>
<TABLE>
<CAPTION>
                                       SUMMARY COMPENSATION TABLE

                                                       LONG  TERM  COMPENSATION
                              ANNUAL  COMPENSATION     AWARDS                    PAYOUTS
(A)                  (B)    (C)      (D)     (E)       (F)          (G)          (H)       (I)
                                             OTHER     RESTRICTED   SECURITIES
NAME AND                                     ANNUAL    STOCK        UNDERLYING   LTIP      ALL OTHER
PRINCIPAL POSITION          SALARY   BONUS   COMPEN    AWARD(S)     OPTIONS /    PAYOUTS   COMPEN-
[1]                  YEAR   ($)      ($)     -SATION   ($)          SARS (#)     ($)       SATION ($)
                                             ($)

<S>                  <C>    <C>      <C>     <C>       <C>          <C>          <C>       <C>
Jim Glavas            2003   0        0       0         0            0            0         0
CEO, President, &     2002  n/a      n/a     n/a       n/a          n/a          n/a       n/a
Director              2001  n/a      n/a     n/a       n/a          n/a          n/a       n/a

Harry J. Briscoe      2003   0        0       0         0            0            0         0
Former CEO,           2002  n/a      n/a     n/a       n/a          n/a          n/a       n/a
President &           2001  n/a      n/a     n/a       n/a          n/a          n/a       n/a
Director

Frank A. Roberts      2003  n/a      n/a     n/a       n/a          n/a          n/a       n/a
Former CEO,           2002   0        0       0         0            0            0         0
President &           2001   0        0       0         0            0            0         0
Director
</TABLE>

     There are no stock option, retirement, pension, or profit sharing plans for
the benefit of our officers and directors.

OPTION/SAR GRANTS

     No individual grants of stock options, whether or not in tandem with stock
appreciation rights ("SARs") and freestanding SARs have been made to any
executive officers or any directors since our inception, accordingly, no stock
options have been exercised by officers or directors in fiscal 2003.

LONG-TERM INCENTIVE PLAN AWARDS

     The Company does not have any long-term incentive plans that provide
compensation intended to serve as incentive for performance to occur over a
period longer than one fiscal year, whether such performance is measured by
reference to our financial performance, our stock price, or any other measure.

COMPENSATION OF DIRECTORS.

     Larry Bishop, a former director was paid $5,000 for his services as an
independent director for the Company. There are no other standard arrangements
pursuant to which the Company's directors are compensated for services provided
as director.


INDEMNIFICATION

     Pursuant to the articles of incorporation and bylaws of the corporation, we
may indemnify an officer or director who is made a party to any proceeding,
including a lawsuit, because of his position, if he acted in good faith and in a
manner he reasonably believed to be in our best interest. In certain cases, we
may advance expenses incurred in defending any such proceeding. To the extent
that the officer or director is successful on the merits in any such proceeding
as to which such person is to be indemnified, we must indemnify him against all
expenses


<PAGE>
incurred, including attorney's fees. With respect to a derivative action,
indemnity may be made only for expenses actually and reasonably incurred in
defending the proceeding, and if the officer or director is judged liable, only
by a court order. The indemnification is intended to be to the fullest extent
permitted by the laws of the state Washington.

     Regarding indemnification for liabilities arising under the Securities Act
of 1933 which may be permitted to directors or officers pursuant to the
foregoing provisions, we are informed that, in the opinion of the Securities and
Exchange Commission, such indemnification is against public policy, as expressed
in the Act and is, therefore unenforceable.

ITEM 11.     SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND  MANAGEMENT AND
             RELATED STOCKHOLDER MATTERS.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

     The following table sets forth, as of June 23, 2003, the beneficial
shareholdings of persons or entities holding five percent or more of our common
stock, our directors and executive officers individually, and our directors and
officers as a group. Each person has sole voting and investment power with
respect to the shares of common stock shown, and all ownership is of record and
beneficial

<TABLE>
<CAPTION>
NAME OF BENEFICIAL OWNER        AMOUNT AND NATURE OF               PERCENT
                                 BENEFICIAL OWNER(1)               OF CLASS
<S>                             <C>                                <C>

Jim Glavas                           12,312,500                       62.14%
2366 West 12th Avenue
Vancouver, British Columbia
Canada  V6K 2N9
CEO, President and Director

Richard Achron                          Nil                            0.00%
11960 Hammersmith Way, #155
Richmond, British Columbia
Canada  V7A 5C9
CFO and Director

Dickson Coatsworth                      Nil                            0.00%
390 Main Street
Tofino, British Columbia
Canada  V0R 2Z0
Director

Coreena Hansen                          Nil                            0.00%
#29-355 Duthie Avenue
Burnaby, British Columbia
Canada  V5A 2P3
Secretary
</TABLE>

     All directors and executive officers as a group hold 12,312,500 common
shares representing 62.14% (4 persons)

CHANGES IN CONTROL

     To the knowledge of management, there are no present arrangements or
pledges of the Company's securities that may result in a change in control of
the Company.


<PAGE>
EQUITY COMPENSATION PLANS

     The Company has no compensation plans (including individual compensation
arrangements) under which securities are authorized for issuance.

ITEM 12.    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     No director, executive officer or nominee for election as a director of
North American Natural Gas, Inc., and no owner of five percent or more of the
Company's outstanding shares or any member of their immediate family has entered
into or proposed any transaction in which the amount involved exceeds $60,000.

ITEM 13.    CONTROLS AND PROCEDURES

     The Company maintains disclosure controls and procedures that are designed
to ensure that information required to be disclosed in the Company's Securities
Exchange Act of 1934 reports is recorded, processed, summarized and reported
within the time periods specified in the SEC's rules and forms, and that such
information is accumulated and communicated to the Company's management,
including its Chief Executive Officer and Chief Financial Officer, as
appropriate, to allow timely decisions regarding required disclosure.

     Within 90 days prior to the date of this report, the Company's management
carried out an evaluation, under the supervision and with the participation of
the Company's management, including the Company's Chief Executive Officer and
Chief Financial Officer, of the effectiveness of the design and operation of the
Company's disclosure controls and procedures pursuant to Exchange Act Rule
13a-14. Based upon the foregoing, the Company's Chief Executive Officer and
Chief Financial Officer concluded that the Company's disclosure controls and
procedures are effective in connection with the filing of this Annual Report on
Form 10-KSB for the year ended April 30, 2003.

     There were no significant changes in the Company's internal controls or in
other factors that could significantly affect these controls subsequent to the
date of their evaluation, including any significant deficiencies or material
weaknesses of internal controls that would require corrective action.



                                    PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K.

(a)(1)   Index to Financial Statements

Report of Manning Elliott, Independent Auditors
Balance Sheet as at April 30, 2003 and April 30, 2002
Statement of Operations Accumulated from Date of Inception, March 24, 2000 to
April 30, 2003 and years ended April 30, 2003 and April 30, 2002.
Statement of Cash Flow Accumulated from Date of Inception, March 24, 2000 to
April 30, 2003 and years ended April 30, 2003 and April 30, 2002.
Statement of Stockholders' Deficit from March24, 2000 (Date of Inception) to
April 30, 2003.
Notes to the Financial Statements

(a)(2)   These financial statement schedules are omitted because they are not
applicable or the information is included in the Financial Statements or Notes
thereto appearing in this Annual Report on Form 10-KSB.

(a)(3)   Exhibits

23.1     Consent of Manning Elliott, Independent Auditors dated June 3, 2003
(Vancouver, Canada)


<PAGE>
99.1     Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 - Chief Executive Officer

99.2     Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 - Chief Financial Officer


Index to Exhibits Incorporated by Reference

3.1    Articles of Incorporation (1)
3.2    Certificate of Amendment to Certificate of Incorporation (2)
3.3    Bylaws (3)
10.1   License Agreement dated April 13, 2000 between the Registrant and
Vitamineralherb.com Corp. (4)
10.2   Assignment of License Agreement dated April 13,2000 between Frank Roberts
and Registrant. (5)
10.3   Promissory Note dated April 13, 2000 between Registrant and
Vitamineralherb.com Corp. (6)


Exhibits Incorporated by Reference

(1)     Filed  as  an  exhibit to Registrant's SB2 Registration Statement on
June 2, 2000 and incorporated herein by reference.
(2)     Filed  as  an  exhibit  to  Registrant's  Form  8K on March 25, 2003 and
incorporated herein by reference.
(3)     Filed  as  an exhibit to Registrant's SB2 Registration Statement on June
2, 2000 and incorporated herein by reference.
(4)     Filed  as  an exhibit to Registrant's SB2 Registration Statement on June
2, 2000 and incorporated herein by reference.
(5)     Filed  as  an exhibit to Registrant's SB2 Registration Statement on June
2, 2000 and incorporated herein by reference.
(6)     Filed  as  an exhibit to Registrant's SB2 Registration Statement on June
2, 2000 and incorporated herein by reference.

<TABLE>
<CAPTION>
(B) REPORTS ON FORM 8-K
     DATE               DESCRIPTION
<S>                     <C>
     March 25, 2003     Name Change to North American Natural Gas
     March 27, 2003     Change of Control and Entering into Agreements to Purchase Interests in 2
                        Natural Gas Exploration Prospects
     April 9, 2003      Amendment of March 27, 2003 8K to provide agreements as exhibits
     May 21, 2003       Termination of Agreements to Purchase Interests in 2 Natural Gas Exploration
                        Prospects
</TABLE>

<TABLE>
<CAPTION>
EXHIBITS (1)
EXHIBIT NO.             DOCUMENT DESCRIPTION
<S>                     <C>
     3.1 (1)            Articles of Amendment to effect name change from FAR Group Inc. to North
                        American Natural Gas, Inc.
     3.2 (1)            Articles of Incorporation for NANG, Inc. a Delaware corporation
     3.3 (1)            Bylaws of NANG, Inc.
     10.1 (1)           Exploration Agreement between BWP Gas, LLC, GHK Company, LLC and
                        GHK Potato Hills Limited Partnership
     10.2 (1)           Assignment Agreement between BWP Gas, LLC and FAR Group Inc.
     10.3 (1)           Assignment Agreement between FAR Group Inc. and Oklahoma Hills Gas, LP
     10.4 (1)           Certificate of Limited Partnership - Oklahoma Hills Gas LP
     10.5 (1)           Amendment to the Certificate of Limited Partnership - Oklahoma Hills Gas LP
     10.6 (1)           Oklahoma Hills Gas, LP - Limited Partnership Agreement
     10.7 (1)           Purchase and Sale Agreement between BWP Gas, LLC and Continental
                        Southern Resources Inc.
     10.8 (1)           Assignment of Agreement between BWP Gas, LLC and FAR Group Inc.


<PAGE>
     10.9 (1)           Assignment Agreement between FAR Group Inc. and Black Warrior LP
     10.10 (1)          Certificate of Limited Partnership - Knox Miss Partners, LP
     10.11 (1)          Certificate of Limited Partnership - Black Warrior, LP
     10.12 (1)          Amendment to the Certificate of Limited Partnership - Black Warrior LP
     10.13 (1)          Black Warrior, LP - Limited Partnership Agreement

     (1)  Previously filed as an exhibit to the Company's current report on Form
          8K/A filed April 9, 2003, amending the Company's original Form 8K
          filed March 27, 2003.
</TABLE>

Financial  Statements  Filed
----------------------------

Quarterly Report on Form 10-QSB for the period ended January 31, 2003 filed
March 6, 2003
Quarterly Report on Form 10-QSB for the period ended October 31, 2002 filed
December 3, 2002
Quarterly Report on Form 10-QSB for the period ended July 31, 2002 filed August
30, 2002
Annual Report on Form 10-KSB for the fiscal year ended April 30, 2002
Annual Report on Form 10-KSB for fiscal year ended April 30, 2001

(c)  See (a)(3) Exhibits above.
(d)  See (a)(2) above.



SIGNATURES
     Pursuant  to  the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its  behalf  by  the undersigned, thereunto duly authorized, on this 25th day of
June,  2003.

                              NORTH AMERICAN NATURAL GAS, INC.
                              (Registrant)


                              BY:   /s/ "Jim Glavas"
                                    ---------------------------
                                    Jim Glavas, President, Principal Executive
                                    Officer and member of the Board of Directors





     Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following person on behalf of the Registrant
and in the capacities.


<PAGE>
<TABLE>
<CAPTION>
SIGNATURES                                      TITLE                         DATE
<S>                         <C>                                            <C>


  /s/ "Jim Glavas"          President, Principal Executive Officer, and a  06/25/2003
--------------------------  member of the Board of Directors
Jim Glavas

  /s/ "Richard Achron"      Principal Financial Officer, and a member of   06/25/2003
--------------------------  the Board of Directors
Richard Achron
</TABLE>




<PAGE>
                            SECTION 302 CERTIFICATION

I, Jim Glavas, certify that:

1.   I have reviewed this annual report on Form 10-KSB of North American Natural
     Gas, Inc.;

2.   Based on my knowledge, this annual report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this annual report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this annual report, fairly present in all material
     respects the financial condition, results of operations and cash flows of
     the registrant as of, and for, the periods presented in this annual report;

4.   The registrant's other certifying officer and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

          a)   designed such disclosure controls and procedures to ensure that
               material information relating to the registrant, including its
               consolidated subsidiaries, is made known to us by others within
               those entities, particularly during the period in which this
               annual report is being prepared;
          b)   evaluated the effectiveness of the registrant's disclosure
               controls and procedures as of a date within 90 days prior to the
               filing date of this annual report (the "Evaluation Date"); and
          c)   presented in this annual report our conclusions about the
               effectiveness of the disclosure controls and procedures based on
               our evaluation as of the Evaluation Date;

5.   The registrant's other certifying officer and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of the registrant's board of directors (or persons performing the
     equivalent functions):

          a)   all significant deficiencies in the design or operation of
               internal controls which could adversely affect the registrant's
               ability to record, process, summarize and report financial data
               and have identified for the registrant's auditors any material
               weaknesses in internal controls; and
          b)   any fraud, whether or not material, that involves management or
               other employees who have a significant role in the registrant's
               internal controls; and

6.   The registrant's other certifying officer and I have indicated in this
     annual report whether there were significant changes in internal controls
     or in other factors that could significantly affect internal controls
     subsequent to the date of our most recent evaluation, including any
     corrective actions with regard to significant deficiencies and material
     weaknesses.

Date:      June 25, 2003
                              By:  /s/  "Jim  Glavas"
                                   -----------------------------
                                   Jim Glavas, Principal Executive Officer


<PAGE>
                            SECTION 302 CERTIFICATION

I, Richard Achron, certify that:

7.   I have reviewed this annual report on Form 10-KSB of North American Natural
     Gas, Inc.;

8.   Based on my knowledge, this annual report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this annual report;

9.   Based on my knowledge, the financial statements, and other financial
     information included in this annual report, fairly present in all material
     respects the financial condition, results of operations and cash flows of
     the registrant as of, and for, the periods presented in this annual report;

10.  The registrant's other certifying officer and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

          d)   designed such disclosure controls and procedures to ensure that
               material information relating to the registrant, including its
               consolidated subsidiaries, is made known to us by others within
               those entities, particularly during the period in which this
               annual report is being prepared;
          e)   evaluated the effectiveness of the registrant's disclosure
               controls and procedures as of a date within 90 days prior to the
               filing date of this annual report (the "Evaluation Date"); and
          f)   presented in this annual report our conclusions about the
               effectiveness of the disclosure controls and procedures based on
               our evaluation as of the Evaluation Date;

11.  The registrant's other certifying officer and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of the registrant's board of directors (or persons performing the
     equivalent functions):

          c)   all significant deficiencies in the design or operation of
               internal controls which could adversely affect the registrant's
               ability to record, process, summarize and report financial data
               and have identified for the registrant's auditors any material
               weaknesses in internal controls; and
          d)   any fraud, whether or not material, that involves management or
               other employees who have a significant role in the registrant's
               internal controls; and

12.  The registrant's other certifying officer and I have indicated in this
     annual report whether there were significant changes in internal controls
     or in other factors that could significantly affect internal controls
     subsequent to the date of our most recent evaluation, including any
     corrective actions with regard to significant deficiencies and material
     weaknesses.

Date:     June 25, 2003
                              By:  /s/  "Richard Achron"
                                   -----------------------------
                                   Richard Achron, Principal Financial Officer


<PAGE>