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UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION
 Washington, D.C.
    20549
      Form 10-KSB
  þ

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934FOR THE YEAR ENDED
    DECEMBER 31, 2006ORo

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934FOR THE TRANSITION PERIOD
    FROM          TO   Commission file number 0-25873
      APOLLO DRILLING, INC. (Formerly Siam
    Imports, Inc.)
 (Exact name of registrant as
    specified in its charter)
  Delaware

73-1668122(State or other jurisdiction
    of
    incorporation or organization)

(I.R.S. Employer
    Identification No.)   3001 Knox Street,
    Suite 403, Dallas, Texas(Address of principal
    executive offices)

75205(Zip
    Code)   (Registrants telephone number, including area code)
 (214) 389-9800
  Securities registered pursuant to Section 12(b) of the
    Act:
  Title of Each Class

Name of Each Exchange on Which RegisteredCommon stock, par value
    $.001 per share

OTC Bulletin Board   Securities registered pursuant to Section 12(g) of the
    Act:
 Rights to purchase common stock
      o
  þ o
  Regulation S-B Form 10-KSB Form 10-KSB. o
  rule 12b-2 o þ




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##### 



TABLE OF
    CONTENTS
  PagePART IItem 1.

Description of
    Business


3Item 2.

Description of
    Property


6Item 3.

Legal
    Proceedings


6Item 4.

Submission of
    Matters to a Vote of Security Holders


6PART IIItem 5.

Market for
    Registrants Common Equity and Related Stockholder
    Matters


7Item 6.

Managements
    Discussion and Analysis or Plan of Operation


8Item 7.

Financial
    Statements


12Item 8.

Changes in and
    Disagreements with Accountants on Accounting and Financial
    Disclosure


12Item 8A.

Controls and
    Procedures


12PART IIIItem 9.

Directors and
    Executive Officers of the Registrant


14Item 10.

Executive
    Compensation


16Item 11.

Security Ownership
    of Certain Beneficial Owners and Management and Related
    Stockholder Matters


16Item 12.

Certain
    Relationships and Related Transactions


17Item 13.

Exhibits


17Item 14.

Principal
    Accountant Fees and Services


17Signatures


18Index to Financial
    Statements


F-1Term Loan and Joinder AgreementCertification Pursuant to Section 302Certification Pursuant to Section 302Certification Pursuant to Section 906Certification Pursuant to Section 906   2




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PART I  ITEM 1.
    DESCRIPTION
    OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT
    POLICIES  7-for-1
      right-to-know
 3




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Going
    Concern
    Competition
        Environmental
    Liabilities
    
    injury or loss of life,
    severe damage to or destruction of property, natural resources
    and equipment, 4




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
    pollution or other environmental damage,
    clean-up
    responsibilities,
    regulatory investigations and penalties, and
    suspension of operations.    Environmental
    Regulations
    
    air emissions,
    discharges into surface waters, and
    the construction and operation of underground injection wells or
    surface pits to dispose of saltwater and other non-hazardous
    oilfield wastes.       5




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Employees
    Securities
    and Exchange Commission
    Form 10-KSB
  Form 10-QSB
  Form 8-K            Current
  1-800-SEC-0330. (http://www.sec.gov).
  ITEM 2.
    DESCRIPTION
    OF PROPERTIES    ITEM 3.
    LEGAL
    PROCEEDINGS    ITEM 4.
    SUBMISSION
    OF MATTERS TO A VOTE OF SECURITY HOLDERS    
    a change of domicile of the company from the State of Nevada to
    the State of Delaware;
    the change of the corporate name to Apollo Drilling,
    Inc.;
    the right to receive seven (7) shares of common stock, par
    value $0.001 per share, of Apollo Drilling for each one
    (1) share of our common stock, par value $0.001 per
    share, owned as of the effective time of the reincorporation
    merger;
    the persons presently serving as executive officers and
    directors serving in their same respective positions with Apollo
    Drilling;
    the adoption of a new Certificate of Incorporation under the
    laws of the State of Delaware, pursuant to which our authorized
    capital stock will be changed from 25,000,000 shares of
    authorized capital stock, all of which are common stock, par
    value $0.001 per share, to 515,000,000 shares of
    authorized capital stock, consisting of 500,000,000 shares
    of common stock, par value $0.001 per share, and
    15,000,000 shares of blank check preferred
    stock, par value $0.001 per share, with the right conferred
    upon the Board of Directors to set the dividend, voting,
    conversion, liquidation and other rights, as well 6




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as the qualifications, limitations and restrictions, with
    respect to the preferred stock as the Board of Directors may
    determine from time to time; and  
    the adoption of new Bylaws under the laws of the State of
    Delaware. PART II  ITEM 5.
    MARKET
    FOR REGISTRANTS COMMON EQUITY AND RELATED STOCKHOLDER
    MATTERS  Market
    for Registrants Common Equity
  mark-up,
  Quarter Ended

High


LowDecember 31, 2006

$
0.32


$
0.07September 30, 2006

$
0.40


$
0.15   Holders
    of Record
    Dividends
    Securities
    Authorized for Issuance under Equity Compensation
    Plans
    Description
    of Securities
          Change in
    Securities and Use of Proceeds
         7




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ITEM 6.
    MANAGEMENTS
    DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.  Form 10-KSB.
  Overview
    Critical
    Accounting Policies
    Revenue
    Recognition
    Results
    of Operations
    Sales
    Cost of
    Sales
    Operating
    Expenses
    Other
    Income and Expenses
   8




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Liquidity
    and Capital Resources
            The
    Companys Liquidity Plan
      Off-Balance
    Sheet Arrangements
    Risk
    Factors
  The
    Companys limited operating history makes evaluating its
    business and prospects difficult.
   9




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The
    Company has operating losses and it anticipates losses for the
    foreseeable future. Unless the Company is able to generate
    profits and positive cash flow it may not be able to continue
    operations.
      Risks
    relating to our industry
        
    weather conditions;
    the level of consumer demand;
    the availability of pipeline capacity;
    the price and level of foreign imports;
    domestic and foreign governmental regulations and taxes;
    the ability of the members of the Organization of Petroleum
    Exporting Countries to agree to and maintain oil price and
    production controls;
    political instability or armed conflict in oil-producing
    regions; and
    the overall economic environment.    Competition
    in the oil and natural gas industry is intense, and many of the
    Companys competitors have greater financial and other
    resources.
  hook-up
 10




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Oil
    and gas drilling and producing operations can be hazardous and
    may expose the Company to environmental
    liabilities.
    
    injury or loss of life;
    severe damage to or destruction of property, natural resources
    and equipment;
    pollution or other environmental damage;
    clean-up
    responsibilities;
    regulatory investigations and penalties; and
    suspension of operations.    Operations
    are subject to various laws and governmental regulations that
    could restrict future operations and increase operating
    costs.
    
    environmental quality;
    pollution control;
    remediation of contamination;
    preservation of natural resources; and
    worker safety.  right-to-know
   11




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Risks
    relating to our common stock
  A
    large number of shares will be available for future sale and the
    sale of these shares may depress the market price of the
    Companys common stock.
  and/or
  The
    Company does not intend to pay cash dividends on its common
    stock in the foreseeable future.
    Safe
    Harbor Statement under the Private Securities Litigation
    Reform Act:
    ITEM 7.
    FINANCIAL
    STATEMENTS.  page F-1.
  ITEM 8.
    CHANGES
    IN AND DISAGREEMENTS WITH ACCOUNTS ON ACCOUNTING AND FINANCIAL
    DISCLOSRE.    ITEM 8A.
    CONTROLS
    AND PROCEDURES.  Rules 13a-15(e) 15d-15(e)
     12




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Extension
    of Compliance Date for Managements Report on Internal
    Control Over Financial Reporting
  Rule 12b-2 Rule 13a-15(d) 15d-15(d), Rules 13a-14(a) 15d-14(a) Rules 13a-15(a) 15d-15(a)
  Rule 13a-15(f)
      Form 10-KSB
   13




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PART III  ITEM 9.
    DIRECTORS
    AND EXECUTIVE OFFICERS PROMOTORS AND CONTROL PERSONS OF THE
    REGISTRANT; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE
    ACT             14




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MANAGEMENT
    Name

Age

Position

Dates ServedDennis McLaughlin

40

Chief Executive Officer, Chairman

October 13, 2006 to presentRobert H. Nelson

61

Chief Financial officer, Director

May 15, 2006 to presentWilliam Pritchard

55

Director

December 6, 2004 to present       SECTION 16(a)
    REPORTING
    Code of
    Ethics
   15




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ITEM 10.
    EXECUTIVE
    COMPENSATION  Summary
    Compensation Table
  Long Term CompensationAnnual Compensation


Awards PayoutsOther


Restricted


SecuritiesAnnual


Stock


Underlying





All OtherName and Principal




Salary


Bonus


Compensation


Award (s)


Options/SARs


LTIP


CompensationPosition

Year


($)


($)


($)


($)


($)


Payouts ($)


($)Dennis G. McLaughlin,
    CEO


2006



-0-



-0-



0



-0-



-0-



-0-



-0-Robert H. Nelson,
    CFO


2006



-0-



-0-



-0-



-0-



-0-



-0-



-0-         out-of-pocket
    Identification
    of the Audit Committee; Audit Committee Financial
    Expert
    ITEM 11.
    SECURITY
    OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
    RELATED STOCKHOLDER MATTERS    Number ofTitle of Class

Name and Address

Shares(1)


% of ClassCommon Stock

Dennis McLaughlin,
    CEO and Director


10,850,000



4.8
%Common Stock

Robert Nelson,
    Chief Financial Officer and Director


10,500,000



4.7
%Common Stock

Jeff F. Raley


5,000,000



2.3
%Common Stock

Apollo Resources International, Inc


140,091,000



63.1
%Common Stock

Officers and Directors as a
    Group
    (3 persons)


26,350,000



11.8
%     *
    
    Indicates less than one percent (1%).(1)
    
    Except as set forth above and based solely upon reports of
    beneficial ownership required to be filed with the Securities
    and Exchange Commission pursuant to
    Rule 13d-1
    under the Securities Exchange Act of 16




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1934, as amended, the Company does not believe that any other
    person beneficially owned, as of June 11, 2007, greater
    than 5% of the outstanding common stock. Except as otherwise
    noted, the address of the named individuals is 3001 Knox Street,
    Suite 403, Dallas, Texas 75205.  (2)
    
    Mr. Nelson owns 1,750,000 and Mr. Nelsons wife
    owns 8,750,000  ITEM 12.
    CERTAIN
    RELATIONSHIPS AND RELATED PARTY TRANSACTIONS          ITEM 13.
    Exhibits,
    Financial Statements Schedules, and Reports on Form
    8-K.  ExhibitNumber3
.1

Articles of incorporation (filed
    in the Companys Form
    10-SB
    Registration Statement filed July 6, 2004 and incorporated
    herein by reference).3
.2

Bylaws (filed in the
    Companys Form
    10-SB
    Registration Statement filed July 6, 2004 and incorporated
    herein by reference).10
.1

Term Loan and Joinder Agreement.10
.2

Reincorporation merger with and
    into Apollo Drilling (filed in the companys Schedule
    14 C Information on September 25, 2006, and
    incorporated herein by reference).31
.1

Certification of Chief Executive
    Officer pursuant to
    Rule 13a-14(a)
    under the Securities Act on 1934.31
.2

Certification of Chief Executive
    Officer pursuant to
    Rule 13a-14(a)
    under the Securities Act on 1934.32
.1

Certification of Chief Executive
    Officer pursuant to 18 U.S.C., Section 1350, as
    adopted pursuant to Section 906 of the Sarbanes-Oxley Act
    of 2002.32
.2

Certification of Chief Executive
    Officer pursuant to 18 U.S.C., Section 1350, as
    adopted pursuant to Section 906 of the Sarbanes-Oxley Act
    of 2002.   ITEM 14.
    Principal
    Accountant Fees and Services.  Audit Fee:
  Tax Fees:
  All Other Fees:
   17




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SIGNATURES
  Form 10-KSB/A
  Apollo Driling, INC.
  By:
    /s/  Jeff
    f. raley   Chief Executive Officer
  POWER OF
    ATTORNEY
  attorneys-in-fact Form 10-KSB/A attorneys-in-fact attorneys-in-fact
  Form 10-KSB/A
  Signature

Capacity

Date/s/  Jeff
    F. RaleyJeff
    F. Raley

Chief Executive Officer and
    Chairman

July 11, 2007/s/  Robert
    H. NelsonRobert
    H. Nelson

Chief Financial Officer and
    Director

July 11, 2007  18




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ANNUAL
    REPORT ON
    FORM 10-KSB
    ITEM 7
    LIST OF FINANCIAL STATEMENTS
    CERTAIN EXHIBITS
    FINANCIAL STATEMENTS
    YEAR ENDED DECEMBER 31, 2006
    APOLLO DRILLING, INC.
    DALLAS, TEXAS
  FORM 10-KSB 
    ITEM 7
    Apollo Drilling, Inc.
 INDEX TO FINANCIAL STATEMENTS
    Report of
    Independent Registered Public Accounting Firm


F-2Consolidated
    Balance Sheet as of December 31, 2006


F-3Consolidated
    Statement of Operations for the fiscal year ended
    December 31, 2006


F-4Consolidated
    Statement of Stockholders Equity


F-5Consolidated
    Statement of Cash Flow for the fiscal year ended
    December 31, 2006


F-6Notes to
    Consolidated Financial Statements


F-7




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REPORT OF
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM             F-2




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APOLLO
    DRILLING, INC.



BALANCE
    SHEET  December 31,2006ASSETSCurrent AssetsCash and cash equivalents

$
425,708Accrued interest receivable


2,103Prepaid expenses and deposits


22,000Inventory


451,500Note receivable and advances,
    related parties


237,673Total Current Assets


1,138,984Property and equipment, net


1,765,180Total Assets

$
2,904,164LIABILITIES AND
    STOCKHOLDERS EQUITYCurrent LiabilitiesAccounts payable and accrued
    liabilities

$
184,371Customer deposits


321,183Notes payable


1,000,000Total Current Liabilities


1,505,554Stockholders
    EquityPreferred stock , $0.01 par,
    15,000,000 authorized and none issued or outstanding at
    December 31, 2006Common stock, $.001 par
    value; 500,000,000 shares authorized and 177,340,000 issued
    and outstanding at December 31, 2006

$
177,340Additional paid-in capital


3,127,904Accumulated deficit


(1,906,634
)Total Stockholders Equity


1,398,610Total Liabilities and
    Stockholders Equity

$
2,904,164    F-3




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APOLLO
    DRILLING, INC.



STATEMENT
    OF OPERATIONS  February 10, 2006(inception) toYear EndedDecember 31,2006Revenue

$
1,201,451Cost of sales


286,175Gross profit


915,276Operating expenses:Compensation


338,960Insurance


272,753Depreciation


34,102Consulting fees


1,303,000Other selling, general, and
    administrative expenses


649,142Total operating expenses


2,597,957Loss from operations


(1,682,681
)Other income (expense):Interest expense


(59,675
)Other income


4,467Fixed asset impairment


(168,745
)Total other income (expense):


(223,953
)Net loss

$
(1,906,634
)Income (loss) per common share:Basic and diluted

$
(.02
)Weighted average shares:Basic and diluted


127,071,589    F-4




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APOLLO
    DRILLING, INC.



STATEMENT
    OF STOCKHOLDERS EQUITY  Preferred





Common


AdditionalStock


Common


Stock


Paid in


AccumulatedSeries


Shares


($.001 par)


Capital


Deficit


TotalsBalance at February 10, 2006
    (Date of inception)

$



$



$



$



$



$
Common stock issued for cash






95,900,000



95,900



1,346,344







1,442,244Common stock issued for acquisition






56,000,000



56,000



(56,000
)






Common stock issued for cash






7,140,000



7,140



552,860







560,000Common stock issued for services






18,300,000



18,300



1,284,700







1,303,000Net loss


















(1,906,634
)


(1,906,634
)Balance December 31,
    2006






177,340,000


$
177,340


$
3,127,904


$
(1,906,634
)

$
1,398,610    F-5




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APOLLO
    DRILLING, INC.



STATEMENT
    OF CASH FLOWS  February 10, 2006(inception)toDecember 31,2006Cash Flows from Operating
    Activities:Net loss

$
(1,906,634
)Non-cash items included in net
    loss:Depreciation, amortization and
    depletion


34,102Common stock issued for services


1,303,000Fixed asset impairment


168,745Changes in assets and liabilities,:Decrease (increase) in:Accrued interest receivable


(2,103
)Prepaid and deposits


(22,000
)Inventory


(451,500
)Note receivable and advances,
    related parties


(237,673
)Customer deposits


321,183Accounts payable and accrued
    expenses and other liabilities


184,371Net cash used in operating
    activities


(608,509
)Cash Flows From Investing
    Activities:Property, plant and equipment
    purchases


(1,968,027
)Net cash used in investing
    activities


(1,968,027
)Cash Flows From Financing
    Activities:Proceeds from note payable


1,000,000Proceeds from sale of common stock


2,002,244Net cash provided by financing
    activities


3,002,244Net increase in cash


425,708Cash and cash
    equivalentsBeginning of year


End of year

$
425,708    F-6




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APOLLO
    DRILLING, INC.
  NOTES TO
    FINANCIAL STATEMENTS
 DECEMBER 31, 2006
  DESCRIPTION
    OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT
    POLICIES
  7-for-1
       F-7




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APOLLO
    DRILLING, INC.
  NOTES TO
    FINANCIAL STATEMENTS  (Continued)
      Use of
    estimates
    Cash and Cash Equivalents
  Accounts Receivable
  Allowance for Doubtful Accounts
  Inventory
  Concentration of Credit Risk
  Property and Equipment
  Adoption of SFAS 143
 F-8




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APOLLO
    DRILLING, INC.
  NOTES TO
    FINANCIAL STATEMENTS  (Continued)
    Revenue
  Costs of Sales
  Earnings per Share
    Accounting for Share-Based Compensation 
  EITF 96-18,
  Income Taxes
   F-9




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APOLLO
    DRILLING, INC.
  NOTES TO
    FINANCIAL STATEMENTS  (Continued)
    2006Deferred tax assets:Stock-based compensation

$
456,000Total deferred tax assets


456,000Less: Valuation Allowance


(456,000
)Net Deferred Tax Assets

$
       2006Federal statutory tax rate


(35.0
)%State taxes, net of federal benefit


(8.7
)%Change in valuation allowance


43.7
%Effective tax rate


0.0
%   Recent
    Accounting Pronouncements:
      ®
 F-10




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APOLLO
    DRILLING, INC.
  NOTES TO
    FINANCIAL STATEMENTS  (Continued)
        2.
    GOING
    CONCERN AND MANAGEMENT PLANS        The
    Companys Liquidity Plan
     F-11




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APOLLO
    DRILLING, INC.
  NOTES TO
    FINANCIAL STATEMENTS  (Continued)
    3.
    NOTE
    RECEIVABLE AND ADVANCES, RELATED PARTIES    4.
    PROPERTY
    AND EQUIPMENT      Drilling rigs and components


5-7 YearsAutomobiles


5 Years     December 31,2006Drilling rigs and components

$
1,926,631Computer and office equipment


13,024Automobiles


28,3721,968,027Less fixed asset impairment


(168,745
)1,799,282Less accumulated depreciation


(34,102
)Total property, plant and equipment

$
1,765,180       5.
    NOTES PAYABLE   F-12




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APOLLO
    DRILLING, INC.
  NOTES TO
    FINANCIAL STATEMENTS  (Continued)
   6.  STOCKHOLDERS
    EQUITY
    Accounting for Share-Based Compensation 
  EITF 96-18,
                   F-13




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APOLLO
    DRILLING, INC.
  NOTES TO
    FINANCIAL STATEMENTS  (Continued)
            7.
    RELATED
    PARTY TRANSACTIONS          8.
    STOCK
    OPTIONS    9.
    LITIGATION    10.
    SUBSEQUENT
    EVENTS          1987-2004, 1975-1987, 1972-1974.
 F-14




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APOLLO
    DRILLING, INC.
  NOTES TO
    FINANCIAL STATEMENTS  (Continued)
     F-15