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| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE FISCAL YEAR ENDED JULY 31, 2016 |
|---------|-----------------------------------------------------------------------------------------------------------------------------|
| Nevada                                                         | 82-0290112                           |
|----------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification Number) |
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to section 12(g) of the Act: |
|-------------------------------------------------------------|-------------------------------------------------------------|
| NONE                                                        | COMMON STOCK                                                |
| Large Accelerated Filer                                             | ☐ | Accelerated Filer         | ☐ |
|---------------------------------------------------------------------|---------|---------------------------|---------|
| Non-accelerated Filer (Do not check if a smaller reporting company) | ☐ | Smaller Reporting Company | ☒ |

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Table of Contents

|          | Page                                                                                                               |
|---------------|--------------------------------------------------------------------------------------------------------------------|
|          |                                                                                                               |
|          | Glossary                                                                                                           | 3 |
|          |                                                                                                               |   |
| PART I        | 5                                                                                                                  |
|          |                                                                                                               |   |
| Item 1.       | Business.                                                                                                          | 5 |
| Item 1A.      | Risk Factors.                                                                                                      | 14 |
| Item 1B.      | Unresolved Staff Comments.                                                                                         | 14 |
| Item 2.       | Properties.                                                                                                        | 14 |
| Item 3.       | Legal Proceedings.                                                                                                 | 18 |
| Item 4.       | Mine Safety Disclosures.                                                                                           | 18 |
|          |                                                                                                               |   |
| PART II       | 18                                                                                                                 |
|          |                                                                                                               |
| Item 5.       | Market for the Registrant's Common Equity, Related Stockholders Matters and Issuer Purchases of Equity Securities. | 18 |
| Item 6.       | Selected Financial Data.                                                                                           | 20 |
| Item 7.       | Management's Discussion and Analysis of Financial Condition and Results of Operation.                              | 20 |
| Item 7A.      | Quantitative and Qualitative Disclosures About Market Risk.                                                        | 27 |
| Item 8.       | Financial Statements and Supplementary Data.                                                                       | 27 |
| Item 9.       | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.                              | 50 |
| Item 9A.      | Controls and Procedures.                                                                                           | 51 |
| Item 9B.      | Other Information.                                                                                                 | 52 |
|          |                                                                                                               |   |
| PART III      | 52                                                                                                                 |
|          |                                                                                                               |
| Item 10.      | Directors, Executive Officers and Corporate Governance.                                                            | 52 |
| Item 11.      | Executive Compensation.                                                                                            | 56 |
| Item 12.      | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.                    | 57 |
| Item 13.      | Certain Relationships and Related Transactions, and Director Independence.                                         | 60 |
| Item 14.      | Principal Accountant Fees and Services.                                                                            | 61 |
|          |                                                                                                               |
| PART IV       | 62                                                                                                                 |
|          |                                                                                                               |
| Item 15.      | Exhibits and Financial Statement Schedules.                                                                        | 62 |
|          |                                                                                                               |   |
| Signatures    | 64                                                                                                                 |
|          |                                                                                                               |
| Exhibit Index | 65                                                                                                                 |

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| Basin                          | A large natural depression on the earth's surface in which sediments generally brought by water accumulate.                                                                                                                                                                                                                                                                                                                                     |
|--------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Bbl                            | One stock tank barrel, of 42 U.S. gallons liquid volume, used to reference oil, condensate or NGLs.                                                                                                                                                                                                                                                                                                                                             |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Boe                            | Barrel of oil equivalent, determined using the ratio of six Mcf of gas to one Boe, and one Bbl of NGLs to one Boe.                                                                                                                                                                                                                                                                                                                              |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Completion                     | The installation of permanent equipment for production of oil or gas, or, in the case of a dry well, for reporting to the appropriate authority that the well has been abandoned.                                                                                                                                                                                                                                                               |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Developed oil and gas reserves | Has the meaning given to such term in Rule 4-10(a)(6) of Regulation S-X, as follows:                                                                                                                                                                                                                                                                                                                                                            |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                           | Developed oil and gas reserves are reserves of any category that can be expected to be recovered:                                                                                                                                                                                                                                                                                                                                               |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                           | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                             | Through existing wells with existing equipment and operating methods or in which the cost of the required equipment is relatively minor compared to the cost of a new well; and |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |
|                           | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                            | Through installed extraction equipment and infrastructure operational at the time of the reserves estimate if the extraction is by means not involving a well. |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Dry hole or well               | An exploratory, development or extension well that proved to be incapable of producing either oil or gas in sufficient quantities to justify completion as an oil or gas well.                                                                                                                                                                                                                                                                  |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Hydraulic fracturing           | The technique designed to improve a well's production rates by pumping a mixture of water and sand (in our case, over 99% by mass) and chemical additives (in our case, less than 1% by mass) into the formation and rupturing the rock, creating an artificial channel.                                                                                                                                                                        |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Lease operating expenses       | The expenses of lifting oil or gas from a producing formation to the surface, and the transportation and marketing thereof, constituting part of the current operating expenses of a working interest, and also including labor, superintendence, supplies, repairs, short-lived assets, maintenance, allocated overhead costs and other expenses incidental to production, but excluding lease acquisition or drilling or completion expenses. |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Mbo                            | Thousand barrels of oil or other liquid hydrocarbons.                                                                                                                                                                                                                                                                                                                                                                                           |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Mboe                           | Thousand barrels of oil equivalent, determined using the ratio of six Mcf of gas to one Boe, and one Bbl of NGLs to one Boe.                                                                                                                                                                                                                                                                                                                    |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Mcf                            | Thousand cubic feet of natural gas.                                                                                                                                                                                                                                                                                                                                                                                                             |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Mmcf                           | Million cubic feet of gas.                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Play                           | A set of known or postulated oil and/or gas accumulations sharing similar geologic, geographic and temporal properties, such as source rock, migration pathways, timing, trapping mechanism and hydrocarbon type.                                                                                                                                                                                                                               |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Productive well                | An exploratory, development or extension well that is not a dry well.                                                                                                                                                                                                                                                                                                                                                                           |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                            |

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| Proved developed producing reserves | Proved developed oil and gas reserves that are expected to be recovered:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Through existing wells with existing equipment and operating methods or in which the cost of the required equipment is relatively minor compared to the cost of a new well; and |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Through installed extraction equipment and infrastructure operational at the time of the reserves estimate if the extraction is by means not involving a well. |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
| Proved oil and gas reserves         | Has the meaning given to such term in Rule 4-10(a)(22) of Regulation S-X, as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                | Proved oil and gas reserves are those quantities of oil and gas, which, by analysis of geosciences and engineering data, can be estimated with reasonable certainty to be economically producible — from a given date forward, from known reservoirs, and under existing economic conditions, operating methods, and government regulations — prior to the time at which contracts providing the right to operate expire, unless evidence indicates that renewal is reasonably certain, regardless of whether deterministic or probabilistic methods are used for the estimation.  The project to extract the hydrocarbons must have commenced or the operator must be reasonably certain that it will commence the project within a reasonable time. |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | The area of the reservoir considered as proved includes: |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                | (A)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | The area identified by drilling and limited by fluid contacts, if any, and |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                | (B)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Adjacent undrilled portions of the reservoir that can, with reasonable certainty, be judged to be continuous with it and to contain economically producible oil or gas on the basis of available geosciences and engineering data. |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | In the absence of data on fluid contacts, proved quantities in a reservoir are limited by the lowest known hydrocarbons (LKH) as seen in a well penetration unless geosciences, engineering, or performance data and reliable technology establishes a lower contact with reasonable certainty. |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                | (iii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Where direct observation from well penetrations has defined a highest known oil (HKO) elevation and the potential exists for an associated gas cap, proved oil reserves may be assigned in the structurally higher portions of the reservoir only if geosciences, engineering, or performance data and reliable technology establish the higher contact with reasonable certainty. |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                | (iv)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Reserves which can be produced economically through application of improved recovery techniques (including, but not limited to, fluid injection) are included in the proved classification when: |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | (A) | Successful testing by a pilot project in an area of the reservoir with properties no more favorable than in the reservoir as a whole, the operation of an installed program in the reservoir or an analogous reservoir, or other evidence using reliable technology establishes the reasonable certainty of the engineering analysis on which the project or program was based; and |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                | (v)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Existing economic conditions include prices and costs at which economic viability from a reservoir is to be determined.  The price shall be the average price during the 12-month period prior to the ending date of the period covered by the report, determined as an un-weighted arithmetic average of the first-day-of-the-month price for each month within such period, unless prices are defined by contractual arrangements, excluding escalations based upon future conditions. |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |

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| PV-10                | An estimate of the present value of the future net revenues from proved oil and gas reserves after deducting estimated production and ad valorem taxes, future capital costs and operating expenses, but before deducting any estimates of federal income taxes.  The estimated future net revenues are discounted at an annual rate of 10% to determine their "present value."  The present value is shown to indicate the effect of time on the value of the revenue stream and should not be construed as being the fair market value of the properties.  Estimates of PV-10 are made using oil and gas prices and operating costs at the date indicated and held constant for the life of the reserves. |
|----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Reserve life         | This index is calculated by dividing year-end 2016 estimated proved reserves by 2016 production of 5 MMBoe to estimate the number of years of remaining production.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Standardized measure | The present value of estimated future net revenues to be generated from the production of proved reserves, determined in accordance with the rules and regulations of the SEC (using prices and costs in effect as of the period end date) without giving effect to non-property related expenses such as general and administrative expenses, debt service and future income tax expenses or to depletion, depreciation and amortization and discounted using an annual discount rate of 10%.  Standardized measure does not give effect to derivative transactions.                                                                                                                                                 |
|                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Working interest     | The operating interest that gives the owner the right to drill, produce and conduct operating activities on the property and receive a share of production.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

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| Name of Subsidiary          | State ofIncorporation |   | OwnershipInterest |   | Principal Activity |
|-----------------------------|-----------------------|--------|-------------------|--------|--------------------|
| Amazing Energy, Inc.        | Nevada                |   |              | 100    | %                  |   | Oil and gas exploration, development, and products |
|                        |                  |   |              |   |               |   |   |
| Amazing Energy, LLC         | Texas                 |   |              | 100    | %                  |   | Ownership oil and gas leases |
|                        |                  |   |              |   |               |   |   |
| Kisa Gold Mining, Inc.      | Alaska                |   |              | 100    | %                  |   | Mining exploration |
|                        |                  |   |              |   |               |   |   |
| Gulf South Securities, Inc. | Delaware              |   |              | 100    | %                  |   | SEC/FINRA registered broker/dealer |
|                        |                  |   |              |   |               |   |   |
| Jilpetco, Inc.              | Texas                 |   |              | 100    | %                  |   | Operator and Oilfield services |

| · | 58% oil and 42% gas; |
|--------|----------------------|

| · | 58% proved developed; |
|--------|-----------------------|

| · | Reserve life of approximately 14.73 years; |
|--------|--------------------------------------------|

| · | Non-discounted future net cash flows of $9,787,960; |
|--------|-----------------------------------------------------|

| · | and PV-10 of $7,324,060 |
|--------|-------------------------|

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| · | Given the current relative low price for oil, we believe that we have a competitive advantage over higher risk, high cost, and deeper shale drilling operations.  Most of our current wells are drilled and completed for around $275,000 or less at depths of around 2,000 feet. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Our management team has many years of experience in the oil and gas industry throughout Texas.  Also, the Company strives to keep drilling, completion, operating expenses and general overhead to a minimum, while also providing quality services. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Completed the acquisition of Gulf South Securities, Inc. |
|--------|----------------------------------------------------------|

| · | Production.  Net production for fiscal 2016 totaled 10,978 BOE, compared to 22,976 BOE in fiscal 2015, a 52% decrease.  Production for fiscal 2016 was 67% oil and 33% natural gas. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| · | Require the acquisition of various permits before drilling begins; |
|--------|--------------------------------------------------------------------|

| · | Require the installation of expensive pollution controls or emissions monitoring equipment; |
|--------|---------------------------------------------------------------------------------------------|

| · | Restrict the types, quantities and concentration of various substances that can be released into the environment in connection with oil and gas drilling, completion, production, transportation and processing activities; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Suspend, limit or prohibit construction, drilling and other activities in certain lands lying within wilderness, wetlands, endangered species habitat and other protected areas; and |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Require remedial measures to mitigate and remediate pollution from historical and ongoing operations, such as the closure of waste pits and plugging of abandoned wells. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                              |   | Proved Reserves (BOE)July 31, |    |
|-----------------------------------|--------|-------------------------------|---------|
|                              |   | 2016                          |    |   | 2015 |   |   | 2014 |   |
| Proved developed                  |   |                          | 429,387 |   |   |   | 457,852 |   |   |   | 329,785 |   |
| Proved undeveloped                |   |                          | 315,803 |   |   |   | 118,188 |   |   |   | 125,590 |   |
| Total                             |   |                          | 745,190 |   |   |   | 576,040 |   |   |   | 455,375 |   |
|                              |   |                          |    |   |   |   |   |   |   |   |   |   |
| Percent of total proved resources |   |                          | 100     | % |   |   | 100 | % |   |   | 100 | % |
|                  | Proved Reserves |   |
|-----------------------|-----------------|--------|
|                  | Oil(Bbl)        |   | Natural Gas(Mcf) |   | Total(BOE) |   | Percent(%) |   | PV-10 |   |
| Proved developed      |            |   | 242,640 |   |   |   | 1,120,480 |   |   |   | 429,387 |   |   |   | 58 | % |   | $ | 4,072,590 |   |
| Proved undeveloped    |            |   | 194,340 |   |   |   | 728,780 |   |   |   | 315,803 |   |   |   | 42 | % |   | $ | 3,251,470 |   |
| Total proved reserves |            |   | 436,980 |   |   |   | 1,849,260 |   |   |   | 745,190 |   |   |   | 100 | % |   | $ | 7,324,060 |   |

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|                                                     |   | July 31,2016 |       |
|----------------------------------------------------------|--------|--------------|------------|
| PV-10                                                    |   | $            | 7,324,060  |   |
| Present value of future income tax discounted at 10%     |   |         | (2,695,183 | ) |
| Standardized measure of discounted future net cash flows |   | $            | 4,628,877  |   |
|                                 |   | Years Ended July 31, |   |
|--------------------------------------|--------|----------------------|--------|
|                                 |   | 2016                 |   |   | 2015 |   |   | 2014 |   |
| Production (NET)                     |   |                 |   |   |   |   |   |   |   |
| Oil (Bbls)                           |   |                 | 7,396  |   |   |   | 12,127 |   |   |   | 11,631 |   |
| Gas (MCF)                            |   |                 | 21,492 |   |   |   | 65,096 |   |   |   | 98,915 |   |
| Total BOE                            |   |                 | 10,978 |   |   |   | 22,976 |   |   |   | 28,117 |   |
| Total average barrels of oil per day |   |                 | 30     |   |   |   | 63 |   |   |   | 77 |   |
|                                 |   |                 |   |   |   |   |   |   |   |   |   |   |
|                                 |   |                 |   |   |   |   |   |   |   |   |   |   |
| Average prices                       |   |                 |   |   |   |   |   |   |   |   |   |   |
| Oil (Bbls)                           |   | $                    | 36.49  |   |   | $ | 57.06 |   |   | $ | 93.57 |   |
| Gas (Mcf)                            |   | $                    | 2.03   |   |   | $ | 2.09 |   |   | $ | 3.50 |   |
| Total per BOE                        |   | $                    | 36.83  |   |   | $ | 57.41 |   |   | $ | 94.15 |   |

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|               | Years Ended July 31, |   |
|--------------------|----------------------|--------|
|               | 2016                 |   | 2015 |   | 2014 |   |
| Development wells: |                 |   |   |   |   |   |
| Productive         |                 |   | 3 |   |   |   | 2 |   |   |   | 2 |   |
| Dry                |                 |   | - |   |   |   | - |   |   |   | 0 |   |
| Well Name |   | Working Interest |   | Status                    |
|-----------|--------|------------------|--------|---------------------------|
| WWJD 1    |   | 100.00%          |   | Shut in: Awaiting re-frac |
| WWJD 4    |   | 100.00%          |   | Producing well            |
| WWJD 5    |   | 100.00%          |   | Producing well            |
| WWJD 6    |   | 100.00%          |   | Shut in: Awaiting re-frac |
| WWJD 7    |   | 100.00%          |   | Shut in: Awaiting re-frac |
| WWJD 8    |   | 100.00%          |   | Producing well            |
| WWJD 9    |   | 100.00%          |   | Producing well            |
| WWJD 10   |   | 100.00%          |   | Shut in: Awaiting re-frac |
| WWJD 11   |   | 100.00%          |   | Producing well            |
| WWJD 12   |   | 100.00%          |   | Producing well            |
| WWJD 13   |   | 40.00%           |   | Producing well            |
| WWJD 14   |   | 40.00%           |   | Producing well            |
| WWJD 15   |   | 40.00%           |   | Producing well            |
| WWJD 16   |   | 100.00%          |   | Shut in: Awaiting frac    |
| WWJD 21   |   | 100.00%          |   | Shut in: Awaiting frac    |
| WWJD B-1  |   | 49.50%           |   | Producing well            |
| WWJD B-2  |   | 49.50%           |   | Producing well            |
| WWJD B-3  |   | 49.50%           |   | Producing well            |
| WWJD C-1  |   | 50.00%           |   | Producing well            |
| WWJD C-2  |   | 50.00%           |   | Producing well            |
| WWJD C-3  |   | 50.00%           |   | Producing well            |
| WWJD C-4  |   | 50.00%           |   | Producing well            |
|      |   |             |   |                      |
|      |   |             |   | Producing wells           | 16 |
|      |   |             |   | Shut-in wells             | 6 |
|      |   |             |   | Total wells               | 22 |

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| ITEM 5. | MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES. |
|---------|--------------------------------------------------------------------------------------------------|

|                             |   | Price Per Share |   |
|----------------------------------|--------|-----------------|--------|
|                             |   | High Bid        |   |   | Low Bid |   |
|                             |   |            |   |   |   |   |
| Fiscal Year Ending July 31, 2016 |   |            |   |   |   |   |
| First quarter                    |   | $               | 1.07   |   |   | $ | 0.29 |   |
| Second quarter                   |   |            | 0.35   |   |   |   | 0.30 |   |
| Third quarter                    |   |            | 0.51   |   |   |   | 0.30 |   |
| Fourth quarter                   |   |            | 1.06   |   |   |   | 0.30 |   |
| Fiscal Year Ending July 31, 2015 |   |            |   |   |   |   |   |   |
| First quarter                    |   | $               | 1.40   |   |   | $ | 0.52 |   |
| Second quarter                   |   |            | 1.99   |   |   |   | 0.80 |   |
| Third quarter                    |   |            | 2.80   |   |   |   | 0.88 |   |
| Fourth quarter                   |   |            | 1.34   |   |   |   | 0.90 |   |

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| ITEM 7. | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. |
|---------|----------------------------------------------------------------------------------------|

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| · | Completed the acquisition of Gulf South Securities, Inc. |
|--------|----------------------------------------------------------|

| · | Production.  Net production for fiscal 2016 totaled 10,978 BOE, compared to 22,976 BOE in fiscal 2015, a 52% decrease.  Production for fiscal 2016 was 67% oil and 33% natural gas. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                        |   | Number ofProducing Wells |   |
|---------------------------------------------|--------|--------------------------|--------|
| Wells with 100% working interest ownership  |   |                     | 12     |   |
| Wells with 50% working interest ownership   |   |                     | 4      |   |
| Wells with 49.5% working interest ownership |   |                     | 3      |   |
| Wells with 40% working interest ownership   |   |                     | 3      |   |
| Total producing wells                       |   |                     | 22     |   |

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| · | An increase in the depleted base of $7,810,958 as of July 31, 2015 to $8,482,271 as of July 31, 2016. |
|--------|-------------------------------------------------------------------------------------------------------|

| · | The percentage of depletion rate decreased from 4% as of fiscal 2015 to 1.47% as of fiscal 2016. |
|--------|--------------------------------------------------------------------------------------------------|

| · | The average price of oil and gas that was used in the reserve report calculations decreased as follows: |
|--------|---------------------------------------------------------------------------------------------------------|

| Fiscal Year EndedJuly 31, |   | Average Price ofOil Per Barrel |   | Average Price ofGas per Mcf |
|---------------------------|--------|--------------------------------|--------|-----------------------------|
| 2015                      |   | $67.65                         |   | $3.25                       |
| 2016                      |   | $42.46                         |   | $2.25                       |

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|                |   | July 31,2016 |       |   | July 31,2015 |   |       | Increase(Decrease) |   |   | % Change |   |
|---------------------|--------|--------------|------------|--------|--------------|--------|------------|--------------------|--------|--------|----------|--------|
| Cash                |   | $            | 171,265    |   |         | $      | 97,531     |               |   | $      | 73,734   |   |   |   | 76 | % |
| Current assets      |   |         | 246,151    |   |         |   | 227,739    |               |   |   | 18,412   |   |   |   | 8 | % |
| Total assets        |   |         | 6,537,610  |   |         |   | 6,414,577  |               |   |   | 123,033  |   |   |   | 2 | % |
| Current liabilities |   |         | 1,379,017  |   |         |   | 1,281,281  |               |   |   | 97,736   |   |   |   | 7 | % |
| Total liabilities   |   |         | 4,374,150  |   |         |   | 4,370,994  |               |   |   | 3,156    |   |   |   | 0 | % |
| Working capital     |   | $            | (1,132,866 | )      |         | $      | (1,053,542 | )                  |   | $      | (79,324  | )      |   |   | (8 | %) |

| 1) | Cash increased by $73,734 |
|----|---------------------------|

| 2) | Oil and gas receivables decreased by $71,820 |
|----|----------------------------------------------|

| 3) | Related party payables increased by $777,667 |
|----|----------------------------------------------|

| 4) | Interest payable, related party decreased by $343,219 |
|----|-------------------------------------------------------|

| 5) | Current portion of convertible debt, related party decreased by $189,508 |
|----|--------------------------------------------------------------------------|

|                                                |   | July 31,2016 |     |   | July 31,2015 |   |     | Increase(Decrease) |   |
|-----------------------------------------------------|--------|--------------|----------|--------|--------------|--------|----------|--------------------|--------|
|                                                |   |         |     |   |         |   |     |               |   |
| Net cash provided by (used in) operating activities |   | $            | 137,309  |   |         | $      | (154,893 | )                  |   | $ | 292,202 |   |
| Net cash (used in) investing activities             |   | $            | (277,669 | )      |         | $      | (247,238 | )                  |   | $ | (30,431 | ) |
| Net cash provided by financing activities           |   | $            | 214,094  |   |         | $      | 65,043   |               |   | $ | 149,051 |   |

----

Table of Contents

|                | Net Reserves |   | Cash Flows |   |
|---------------------|--------------|--------|------------|--------|
|                | Oil(BO)      |   | Gas(Mcf)   |   | NonDiscounted |   | Discountedat 10% |   |
| As of July 31, 2015 |         |   | 357,290    |   |   |   | 1,312,500 |   |   | $ | 17,568,310 |   |   | $ | 12,635,730 |   |
| As of July 31, 2016 |         |   | 436,980    |   |   |   | 1,849,260 |   |   | $ | 9,787,960 |   |   | $ | 7,324,060 |   |

| · | Completed the acquisition of Gulf South Securities, Inc. |
|--------|----------------------------------------------------------|

| · | Production.  Net production for fiscal 2016 totaled 10,978 BOE, compared to 22,976 BOE in fiscal 2015, a 52% decrease.  Production for fiscal 2016 was 67% oil and 33% natural gas. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

----

Table of Contents

|                                                       | Index  |
|------------------------------------------------------------|--------|
|                                                       |   |
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM    | F-1    |
| Consolidated Balance Sheets                                | F-2    |
| Consolidated Statements of Operations                      | F-3    |
| Consolidated Statements of Changes in Stockholders' Equity | F-4    |
| Consolidated Statements of Cash Flows                      | F-5    |
| Notes to Financial Statements                              | F-6    |

----

Index to Financials

----

Index to Financials

----

|                                                                                                                       |   | July 31, |        |   | July 31, |   |
|----------------------------------------------------------------------------------------------------------------------------|--------|----------|-------------|--------|----------|--------|
|                                                                                                                       |   | 2016     |        |   | 2015     |   |
| ASSETS                                                                                                                     |   |     |        |   |     |   |
| CURRENT ASSETS:                                                                                                            |   |     |        |   |     |   |
| Cash and cash equivalents                                                                                                  |   | $        | 171,265     |   |     | $      | 97,531 |   |
| Prepaid expenses                                                                                                           |   |     | 35,028      |   |     |   | 18,530 |   |
| Oil and gas receivables, related party                                                                                     |   |     | 39,858      |   |     |   | 111,678 |   |
| Total current assets                                                                                                       |   |     | 246,151     |   |     |   | 227,739 |   |
|                                                                                                                       |   |     |        |   |     |   |   |   |
| Property, plant, and equipment, net of accumulated depreciation of $18,236and $12,399, respectively                        |   |     | 19,314      |   |     |   | 25,150 |   |
| Mineral property                                                                                                           |   |     | -           |   |     |   | 3,314 |   |
| OIL AND GAS PROPERTIES, Full Cost Method                                                                                   |   |     |        |   |     |   |   |   |
| Evaluated properties, net of accumulated depletion of $997,986 and$873,027 respectively                                    |   |     | 6,245,523   |   |     |   | 6,131,752 |   |
|                                                                                                                       |   |     |        |   |     |   |   |   |
| Other assets                                                                                                               |   |     | 26,622      |   |     |   | 26,622 |   |
|                                                                                                                       |   |     |        |   |     |   |   |   |
| Total Assets                                                                                                               |   | $        | 6,537,610   |   |     | $      | 6,414,577 |   |
|                                                                                                                       |   |     |        |   |     |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                       |   |     |        |   |     |   |   |   |
| CURRENT LIABILITIES:                                                                                                       |   |     |        |   |     |   |   |   |
| Accounts payable                                                                                                           |   | $        | 47,090      |   |     | $      | 38,449 |   |
| Accounts payable, related party                                                                                            |   |     | 981,606     |   |     |   | 203,939 |   |
| Accrued liabilities                                                                                                        |   |     | 20,815      |   |     |   | 76,447 |   |
| Interest payable, related party                                                                                            |   |     | -           |   |     |   | 343,219 |   |
| Current portion of convertible debt, related party                                                                         |   |     | 329,506     |   |     |   | 519,014 |   |
| Loan and deposit from Afranex                                                                                              |   |     | -           |   |     |   | 100,213 |   |
| Total current liabilities                                                                                                  |   |     | 1,379,017   |   |     |   | 1,281,281 |   |
| LONG TERM LIABILITIES:                                                                                                     |   |     |        |   |     |   |   |   |
| Asset retirement obligation                                                                                                |   |     | 211,218     |   |     |   | 240,254 |   |
| Common stock payable                                                                                                       |   |     | 32,250      |   |     |   | - |   |
| Long-term convertible debt, related party                                                                                  |   |     | 2,751,665   |   |     |   | 2,849,459 |   |
| Total long-term liabilities                                                                                                |   |     | 2,995,133   |   |     |   | 3,089,713 |   |
| Total Liabilities                                                                                                          |   |     | 4,374,150   |   |     |   | 4,370,994 |   |
| COMMITMENTS AND CONTINGENCIES (Note 7)                                                                                     |   |     |        |   |     |   |   |   |
| STOCKHOLDERS' EQUITY:                                                                                                      |   |     |        |   |     |   |   |   |
| Preferred stock, no par value per share, 10,000,000 shares authorized,no shares issued and outstanding                     |   |     | -           |   |     |   | - |   |
| Series A Preferred Stock, $0.01 par value, 9,000 and 0 shares issued and outstanding,$900,000 liquidation preference       |   |     | 90          |   |     |   | - |   |
| Series B Preferred Stock, $0.01 par value, 50,000 and 0 shares issued and outstanding,$5,000,000 liquidation preference    |   |     | 500         |   |     |   | - |   |
| Common stock, $0.001 par value per share, 3,000,000,000 sharesauthorized, 59,839,456 and 53,441,528 issued and outstanding |   |     | 59,840      |   |     |   | 53,442 |   |
| Additional paid-in capital                                                                                                 |   |     | 27,638,956  |   |     |   | 20,480,686 |   |
| Accumulated deficit                                                                                                        |   |     | (25,535,926 | )      |     |   | (18,490,545 | ) |
|                                                                                                                       |   |     | 2,163,460   |   |     |   | 2,043,583 |   |
| Total Liabilities and Stockholders' Equity                                                                                 |   | $        | 6,537,610   |   |     | $      | 6,414,577 |   |

----

Index to Financials

----

|                                                                                              |   | Years Ended July 31, |       |
|---------------------------------------------------------------------------------------------------|--------|----------------------|------------|
|                                                                                              |   | 2016                 |       |   | 2015 |   |
| REVENUES:                                                                                         |   |                 |       |   |   |   |
| Oil and gas sales                                                                                 |   | $                    | 250,476    |   |   | $ | 781,133 |   |
|                                                                                              |   |                 |       |   |   |   |   |   |
| OPERATING COSTS AND EXPENSES:                                                                     |   |                 |       |   |   |   |   |   |
| Lease operating expenses                                                                          |   |                 | 529,502    |   |   |   | 683,889 |   |
| Selling, general, and administrative costs                                                        |   |                 | 478,006    |   |   |   | 694,423 |   |
| Depreciation expense                                                                              |   |                 | 5,837      |   |   |   | 22,283 |   |
| Depletion expense                                                                                 |   |                 | 124,959    |   |   |   | 306,145 |   |
| Accretion expense                                                                                 |   |                 | 12,854     |   |   |   | 11,596 |   |
| Gain on mineral property                                                                          |   |                 | (100,772   | ) |   |   | (5,192 | ) |
| Total operating costs and expenses                                                                |   |                 | 1,050,386  |   |   |   | 1,713,144 |   |
|                                                                                              |   |                 |       |   |   |   |   |   |
| LOSS FROM OPERATIONS                                                                              |   |                 | (799,910   | ) |   |   | (932,011 | ) |
|                                                                                              |   |                 |       |   |   |   |   |   |
| OTHER INCOME (EXPENSE):                                                                           |   |                 |       |   |   |   |   |   |
|                                                                                              |   |                 |       |   |   |   |   |   |
| Interest income                                                                                   |   |                 | 87         |   |   |   | 218 |   |
| Loss on modification of related party notes payable                                               |   |                 | -          |   |   |   | (13,921,168 | ) |
| Impairment of goodwill                                                                            |   |                 | (5,975,836 | ) |   |   | - |   |
| Interest expense, related party                                                                   |   |                 | (269,722   | ) |   |   | (231,031 | ) |
| Total other income (expense)                                                                      |   |                 | (6,245,471 | ) |   |   | (14,151,981 | ) |
|                                                                                              |   |                 |       |   |   |   |   |   |
| NET LOSS                                                                                          |   |                 | (7,045,381 | ) |   |   | (15,083,992 | ) |
|                                                                                              |   |                 |       |   |   |   |   |   |
| NET LOSS - NON-CONTROLLING INTEREST                                                               |   |                 | -          |   |   |   | (6,157,632 | ) |
|                                                                                              |   |                 |       |   |   |   |   |   |
| NET LOSS - AMAZING ENERGY OIL AND GAS, CO.                                                        |   |                 | (7,045,381 | ) |   |   | (8,926,360 | ) |
|                                                                                              |   |                 |       |   |   |   |   |   |
| PREFERRED DIVIDENDS ATTRIBUTABLE TO AMAZING ENERGYOIL AND GAS, CO.                                |   |                 | -          |   |   |   | (834,697 | ) |
|                                                                                              |   |                 |       |   |   |   |   |   |
| DEEMED CAPITAL CONTRIBUTION ON THE EXCHANGE OF RELATEDPARTY DEBT AND INTEREST FOR PREFERRED STOCK |   |                 | 454,265    |   |   |   | - |   |
|                                                                                              |   |                 |       |   |   |   |   |   |
| NET LOSS ATTRIBUTABLE TO AMAZING ENERGY OILAND GAS, CO. COMMON STOCKHOLDERS                       |   | $                    | (6,591,116 | ) |   | $ | (9,761,057 | ) |
|                                                                                              |   |                 |       |   |   |   |   |   |
| NET LOSS PER COMMON SHARE - Basic and diluted                                                     |   | $                    | (0.12      | ) |   | $ | (0.56 | ) |
|                                                                                              |   |                 |       |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF COMMONSHARES OUTSTANDING - Basic and diluted                           |   |                 | 53,705,068 |   |   |   | 17,509,962 |   |

----

Index to Financials

----

|                                                                         |   | Preferred Stock |       |   | Common Stock |   |    | Treasury |   |   | Non-Controlling |   |   | AdditionalPaid-In |   |   | Accumulated |   |    |    |   |
|------------------------------------------------------------------------------|--------|-----------------|------------|--------|--------------|--------|---------|----------|--------|--------|-----------------|--------|--------|-------------------|--------|--------|-------------|--------|---------|---------|--------|
|                                                                         |   | Shares          |       |   | Amount       |   |    | Shares   |   |   | Amount          |   |   | Stock             |   |   | Interest    |   |    | Capital |   |   | Deficit |   |   | Total |   |
|                                                                         |   |            |       |   |         |   |    |     |   |   |            |   |   |              |   |   |        |   |    |    |   |   |   |   |   |   |   |
| BALANCES, July 31, 2014                                                      |   |            | 4,987,027  |   |         | $      | 49,870  |     |   |   | 10,249,088      |   |   | $                 | 10,249 |   |        | $      | (90,998 | )       |   | $ | - |   |   | $ | 6,467,291 |   |   | $ | (3,406,553 | ) |   | $ | 3,029,859 |   |
|                                                                         |   |            |       |   |         |   |    |     |   |   |            |   |   |              |   |   |        |   |    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common shares issued for cash                                                |   |            | -          |   |         |   | -       |     |   |   | 1,874,895       |   |   |              | 1,875  |   |        |   | -       |    |   |   | - |   |   |   | 1,493,860 |   |   |   | - |   |   |   | 1,495,735 |   |
| Share based compensation                                                     |   |            | -          |   |         |   | -       |     |   |   | 93,745          |   |   |              | 94     |   |        |   | -       |    |   |   | - |   |   |   | 74,906 |   |   |   | - |   |   |   | 75,000 |   |
| Conversion of preferred stock                                                |   |            | (4,972,027 | )      |         |   | (49,720 | )        |   |   | 4,288,544       |   |   |              | 4,289  |   |        |   | -       |    |   |   | - |   |   |   | 45,431 |   |   |   | - |   |   |   | - |   |
| Preferred shares repurchased                                                 |   |            | (15,000    | )      |         |   | (150    | )        |   |   | -               |   |   |              | -      |   |        |   | (21,850 | )       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (22,000 | ) |
| Dividends paid on preferred stock                                            |   |            | -          |   |         |   | -       |     |   |   | -               |   |   |              | -      |   |        |   | -       |    |   |   | - |   |   |   | (1,432,017 | ) |   |   | - |   |   |   | (1,432,017 | ) |
| Recapitalization                                                             |   |            | 79,755     |   |         |   | 80      |     |   |   | 2,666,396       |   |   |              | 2,666  |   |        |   | 112,848 |    |   |   | - |   |   |   | (246,369 | ) |   |   | - |   |   |   | (130,775 | ) |
| Non-controlling interest resultingfrom recapitalization                      |   |            | -          |   |         |   | -       |     |   |   | (6,885,059      | )      |   |              | (6,885 | )      |        |   |    |    |   |   | 1,286,531 |   |   |   | (2,774,018 | ) |   |   | 1,494,372 |   |   |   | - |   |
| Subsidiary shares issued for cash                                            |   |            |       |   |         |   |    |     |   |   |            |   |   |              |   |   |        |   |    |    |   |   | 9,744 |   |   |   | 13,581 |   |   |   |   |   |   |   | 23,325 |   |
| Conversion of preferred stock                                                |   |            | (79,755    | )      |         |   | (80     | )        |   |   | 19,938,750      |   |   |              | 19,939 |   |        |   | -       |    |   |   | - |   |   |   | (19,859 | ) |   |   | - |   |   |   | - |   |
| Share based compensation                                                     |   |            |       |   |         |   |    |     |   |   |            |   |   |              |   |   |        |   |    |    |   |   | 69,775 |   |   |   | 97,505 |   |   |   |   |   |   |   | 167,280 |   |
| Conversion option on modificationof debt                                     |   |            | -          |   |         |   | -       |     |   |   | -               |   |   |              | -      |   |        |   | -       |    |   |   | 5,806,767 |   |   |   | 8,114,401 |   |   |   | - |   |   |   | 13,921,168 |   |
| Subsidiary shares exchanged forshares of common stock                        |   |            | -          |   |         |   | -       |     |   |   | 21,215,169      |   |   |              | 21,215 |   |        |   | -       |    |   |   | (7,172,817 | ) |   |   | 8,645,974 |   |   |   | (1,494,372 | ) |   |   | - |   |
|                                                                         |   |            |       |   |         |   |    |     |   |   |            |   |   |              |   |   |        |   |    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                     |   |            | -          |   |         |   | -       |     |   |   | -               |   |   |              | -      |   |        |   | -       |    |   |   | - |   |   |   | - |   |   |   | (15,083,992 | ) |   |   | (15,083,992 | ) |
|                                                                         |   |            |       |   |         |   |    |     |   |   |            |   |   |              |   |   |        |   |    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| BALANCES, July 31, 2015                                                      |   |            | -          |   |         | $      | -       |     |   |   | 53,441,528      |   |   | $                 | 53,442 |   |        | $      | -       |    |   | $ | - |   |   | $ | 20,480,686 |   |   | $ | (18,490,545 | ) |   | $ | 2,043,583 |   |
|                                                                         |   |            |       |   |         |   |    |     |   |   |            |   |   |              |   |   |        |   |    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                         |   |            |       |   |         |   |    |     |   |   |            |   |   |              |   |   |        |   |    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common shares issued for services                                            |   |            | -          |   |         |   | -       |     |   |   | 50,000          |   |   |              | 50     |   |        |   | -       |    |   |   | - |   |   |   | 14,950 |   |   |   | - |   |   |   | 15,000 |   |
| Common shares issued for acquisitionof Gulf South Securities, Inc.("GSSI")   |   |            | -          |   |         |   | -       |     |   |   | 5,373,528       |   |   |              | 5,374  |   |        |   | -       |    |   |   | - |   |   |   | 2,434,209 |   |   |   | - |   |   |   | 2,439,583 |   |
| Warrants issued for acquisitionof GSSI                                       |   |            | -          |   |         |   | -       |     |   |   | -               |   |   |              | -      |   |        |   | -       |    |   |   | - |   |   |   | 1,058,528 |   |   |   | - |   |   |   | 1,058,528 |   |
| Common shares issued for cost ofacquisition of GSSI                          |   |            | -          |   |         |   | -       |     |   |   | 275,000         |   |   |              | 275    |   |        |   | -       |    |   |   | - |   |   |   | 93,225 |   |   |   | - |   |   |   | 93,500 |   |
| Preferred series B shares issued foracquisition of GSSI                      |   |            | 50,000     |   |         |   | 500     |     |   |   | -               |   |   |              | -      |   |        |   | -       |    |   |   | - |   |   |   | 2,476,303 |   |   |   | - |   |   |   | 2,476,803 |   |
| Preferred series A shares issued forconversion of debt and interest          |   |            | 9,000      |   |         |   | 90      |     |   |   | -               |   |   |              | -      |   |        |   | -       |    |   |   | - |   |   |   | 445,645 |   |   |   | - |   |   |   | 445,735 |   |
| Deemed capital contribution on theexchange of related party debt andinterest |   |            | -          |   |         |   | -       |     |   |   | -               |   |   |              | -      |   |        |   | -       |    |   |   | - |   |   |   | 454,265 |   |   |   | - |   |   |   | 454,265 |   |
| Common shares issued for cash                                                |   |            | -          |   |         |   | -       |     |   |   | 699,400         |   |   |              | 699    |   |        |   | -       |    |   |   | - |   |   |   | 181,145 |   |   |   | - |   |   |   | 181,844 |   |
|                                                                         |   |            |       |   |         |   |    |     |   |   |            |   |   |              |   |   |        |   |    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                     |   |            | -          |   |         |   | -       |     |   |   | -               |   |   |              | -      |   |        |   | -       |    |   |   | - |   |   |   | - |   |   |   | (7,045,381 | ) |   |   | (7,045,381 | ) |
|                                                                         |   |            |       |   |         |   |    |     |   |   |            |   |   |              |   |   |        |   |    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| BALANCES, July 31, 2016                                                      |   |            | 59,000     |   |         | $      | 590     |     |   |   | 59,839,456      |   |   | $                 | 59,840 |   |        | $      | -       |    |   | $ | - |   |   | $ | 27,638,956 |   |   | $ | (25,535,926 | ) |   | $ | 2,163,460 |   |

----

Index to Financials

----

|                                                                                                              |   | Years Ended July 31, |       |
|-------------------------------------------------------------------------------------------------------------------|--------|----------------------|------------|
|                                                                                                              |   | 2016                 |       |   | 2015 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                                                              |   |                 |       |   |   |   |
|                                                                                                              |   |                 |       |   |   |   |
| Net loss                                                                                                          |   | $                    | (7,045,381 | ) |   | $ | (15,083,992 | ) |
| Adjustments to reconcile net loss to net cash provided (used) by operating activities:                            |   |                 |       |   |   |   |   |   |
| Stock based compensation expense                                                                                  |   |                 | 108,500    |   |   |   | 242,280 |   |
| Gain from mineral property                                                                                        |   |                 | (100,772   | ) |   |   | (5,192 | ) |
| Depreciation expense                                                                                              |   |                 | 5,837      |   |   |   | 22,283 |   |
| Depletion expense                                                                                                 |   |                 | 124,959    |   |   |   | 306,145 |   |
| Accretion expense                                                                                                 |   |                 | 12,854     |   |   |   | 11,596 |   |
| Loss on modification of related party notes payable                                                               |   |                 | -          |   |   |   | 13,921,168 |   |
| Impairment of goodwill                                                                                            |   |                 | 5,975,836  |   |   |   | - |   |
|                                                                                                              |   |                 |       |   |   |   |   |   |
| Changes in operating assets and liabilities, net of business acquired:                                            |   |                 |       |   |   |   |   |   |
| Oil and gas receivables, related party                                                                            |   |                 | 71,820     |   |   |   | 122,920 |   |
| Prepaid expenses and other current assets                                                                         |   |                 | (16,498    | ) |   |   | (18,530 | ) |
| Accounts payable                                                                                                  |   |                 | 8,642      |   |   |   | 14,429 |   |
| Accounts payable, related party                                                                                   |   |                 | 777,667    |   |   |   | 58,763 |   |
| Accrued liabilities                                                                                               |   |                 | (55,632    | ) |   |   | 22,277 |   |
| Interest payable, related party                                                                                   |   |                 | 269,478    |   |   |   | 230,960 |   |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES                                                               |   |                 | 137,309    |   |   |   | (154,893 | ) |
|                                                                                                              |   |                 |       |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                                                              |   |                 |       |   |   |   |   |   |
| Proceeds from the sale of oil and gas properties                                                                  |   |                 | -          |   |   |   | 66,777 |   |
| Purchase of property and equipment                                                                                |   |                 | -          |   |   |   | (1,325 | ) |
| Proceeds from the sale of property and equipment                                                                  |   |                 | -          |   |   |   | 19,000 |   |
| Net cash acquired (advanced) in acquisition of companies                                                          |   |                 | (900       | ) |   |   | 37,508 |   |
| Purchase of oil and gas properties                                                                                |   |                 | (276,769   | ) |   |   | (369,198 | ) |
| NET CASH (USED IN) INVESTING ACTIVITIES                                                                           |   |                 | (277,669   | ) |   |   | (247,238 | ) |
|                                                                                                              |   |                 |       |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                                              |   |                 |       |   |   |   |   |   |
| Common stock payable                                                                                              |   |                 | 32,250     |   |   |   | - |   |
| Proceeds from sale of common stock, net of issuance costs                                                         |   |                 | 181,844    |   |   |   | 1,519,060 |   |
| Purchase of treasury shares                                                                                       |   |                 | -          |   |   |   | (22,000 | ) |
| Preferred stock dividends paid                                                                                    |   |                 | -          |   |   |   | (1,432,017 | ) |
| NET CASH PROVIDED BY FINANCING ACTIVITIES                                                                         |   |                 | 214,094    |   |   |   | 65,043 |   |
|                                                                                                              |   |                 |       |   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                                                                                   |   |                 | 73,734     |   |   |   | (337,088 | ) |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR                                                                    |   |                 | 97,531     |   |   |   | 434,619 |   |
| CASH AND CASH EQUIVALENTS AT END OF YEAR                                                                          |   | $                    | 171,265    |   |   | $ | 97,531 |   |
|                                                                                                              |   |                 |       |   |   |   |   |   |
| NON-CASH INVESTING AND FINANCING ACTIVITIES:                                                                      |   |                 |       |   |   |   |   |   |
| Mineral property acquired in reverse acquisition                                                                  |   |                 | -          |   |   | $ | 3,314 |   |
| Liabilities acquired in reverse acquisition                                                                       |   |                 | -          |   |   |   | 171,597 |   |
| Subsidiary shares exchanged for common stock                                                                      |   |                 | -          |   |   |   | 21,215 |   |
| Conversion of preferred stock                                                                                     |   |                 | -          |   |   |   | 4,289 |   |
| Preferred series A shares issued for conversion of debt and accrued interest (Note 10)                            |   | $                    | 900,000    |   |   |   | - |   |
| Acquisition of subsidiary through issuance of common stock, stockpurchase warrants, and preferred stock (Note 13) |   | $                    | 5,974,915  |   |   |   | - |   |

----

Index to Financials

----

----

Index to Financials

----

----

Index to Financials

----

----

Index to Financials

----

| 1) | the fair value measurement; |
|----|-----------------------------|

| 2) | the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3) | for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | a) | total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings, and a description of where those gains or losses included in earnings are reported in the statement of operations; |
|--|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | b) | the amount of these gains or losses attributable to the change in unrealized gains or losses relating to those assets or liabilities still held at the reporting period date and a description of where those unrealized gains or losses are reported; |
|--|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | c) | purchases, sales, issuances, and settlements (net); and |
|--|----|---------------------------------------------------------|

|  | d) | transfers into and/or out of Level 3. |
|--|----|---------------------------------------|

----

Index to Financials

----

| 4) | the amount of the total gains or losses for the period included in earnings that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of operations; and |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5) | in annual periods only, the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index to Financials

----

|                                    |   | July 31, 2016 |       |   | July 31, 2015 |   |
|-----------------------------------------|--------|---------------|------------|--------|---------------|--------|
| Conversion option on related party debt |   |          | 11,832,724 |   |          |   | 13,921,168 |   |
| Convertible preferred stock             |   |          | 6,490,000  |   |          |   | - |   |
| Warrants                                |   |          | 2,674,576  |   |          |   | - |   |
| Total potential dilution                |   |          | 20,997,300 |   |          |   | 13,921,168 |   |
|                                         |   | Years Ended July 31, |      |
|----------------------------------------------|--------|----------------------|-----------|
|                                         |   | 2016                 |      |   | 2015 |   |
| Proved leasehold costs                       |   | $                    | 2,477,079 |   |   | $ | 2,521,916 |   |
| Cost of wells and development                |   |                 | 4,600,327 |   |   |   | 4,274,870 |   |
| Asset retirement obligation, asset           |   |                 | 166,103   |   |   |   | 207,993 |   |
| Total cost of oil and gas properties         |   |                 | 7,243,509 |   |   |   | 7,004,779 |   |
| Less: Accumulated depletion                  |   |                 | (997,986  | ) |   |   | (873,027 | ) |
| Oil and gas properties, net full cost method |   | $                    | 6,245,523 |   |   | $ | 6,131,752 |   |
|                    | Years Ended July 31, |   |
|-------------------------|----------------------|--------|
|                    | 2016                 |   | 2015 |   |
| Related Party:          |                 |   |   |   |
| Oil and gas receivables |                 | $      | 39,858 |   |   | $ | 111,678 |   |
| Accounts payable        |                 | $      | 981,606 |   |   | $ | 203,939 |   |

----

Index to Financials

----

----

Index to Financials

----

----

Index to Financials

----

|                          |   | 2016   |       |   | 2015   |   |
|-------------------------------|--------|--------|------------|--------|--------|--------|
| Statutory benefit             |   |   | (2,395,430 | )      |   |   | (5,279,397 | ) |
| Permanent differences:        |   |   |       |   |   |   |   |   |
| Impairment of goodwill        |   |   | 2,031,784  |   |   |   | - |   |
| Debt modification             |   |   | 208,317    |   |   |   | 4,872,409 |   |
| Other                         |   |   | 4,621      |   |   |   | 65,401 |   |
| Change in valuation allowance |   |   | 150,708    |   |   |   | 341,587 |   |
| Net tax benefit               |   | $      | -          |   |   | $      | - |   |
|                                                           |   | 2016   |       |   | 2015   |   |
|----------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| Deferred Tax Assets:                                           |   |   |       |   |   |   |
| Net operating loss carryforward                                |   | $      | 2,711,635  |   |   | $      | 2,416,443 |   |
| Depletion and depreciation                                     |   |   | 57,679     |   |   |   | 91,069 |   |
| Total deferred tax assets                                      |   |   | 2,769,314  |   |   |   | 2,507,512 |   |
|                                                           |   |   |       |   |   |   |   |   |
| Deferred Tax Liabilities:                                      |   |   |       |   |   |   |   |   |
| Intangible drilling and other costs for oil and gas properties |   |   | (1,466,532 | )      |   |   | (1,355,438 | ) |
| Other                                                          |   |   | (41,126    | )      |   |   | (41,126 | ) |
| Total deferred tax liabilities                                 |   |   | (1,507,658 | )      |   |   | (1,396,564 | ) |
|                                                           |   |   |       |   |   |   |   |   |
| Net deferred tax assets and liabilities                        |   |   | 1,261,656  |   |   |   | 1,110,948 |   |
| Less: Valuation allowance                                      |   |   | (1,261,656 | )      |   |   | (1,110,948 | ) |
| Total Deferred Tax Assets and Liabilities                      |   | $      | -          |   |   | $      | - |   |

----

Index to Financials

----

|             |   | Contractual Principal Maturities |      |
|------------------|--------|----------------------------------|-----------|
| Years Ending     |   |                             |      |   |   |   |   | JLM Strategic |   |   |   |   |
| July 31,         |   | Jed Miesner                      |      |   | Petro Pro, Ltd. |   |   | Investments, LP |   |   | Total |   |
| 2017             |   | $                                | 191,029   |   |   | $ | 108,315 |   |   | $ | 30,162 |   |   | $ | 329,506 |   |
| 2018             |   |                             | 57,676    |   |   |   | 32,703 |   |   |   | 11,009 |   |   |   | 101,387 |   |
| 2019             |   |                             | 62,690    |   |   |   | 35,319 |   |   |   | - |   |   |   | 97,609 |   |
| 2020             |   |                             | 67,273    |   |   |   | 38,144 |   |   |   | - |   |   |   | 105,417 |   |
| 2021             |   |                             | 72,655    |   |   |   | 41,196 |   |   |   | - |   |   |   | 113,851 |   |
| Subsequent years |   |                             | 1,489,078 |   |   |   | 844,323 |   |   |   | - |   |   |   | 2,333,401 |   |
|             |   | $                                | 1,940,000 |   |   | $ | 1,100,000 |   |   | $ | 41,171 |   |   | $ | 3,081,171 |   |
|                             |   | Preferred A |    |
|----------------------------------|--------|-------------|---------|
| Stock price on transaction date  |   | $           | 0.454   |   |
| Exercise price                   |   | $           | 1.00    |   |
| Expected life in years           |   |        | 8.00    |   |
| Expected volatility - peer group |   |        | 195.18  | % |
| Risk free rate                   |   |        | 1.29    | % |
|                             |   |        |    |   |
| Fair value per unit              |   | $           | 0.45    |   |
| Units                            |   |        | 990,000 |   |
| Total Fair value                 |   | $           | 445,735 |   |

----

Index to Financials

----

| Fair value of the Company's stock price at the date of conversion      |   | $       | 1.00   |   |
|------------------------------------------------------------------------|--------|---------|--------|--------|
| Conversion rate as adjusted for the Amazing Energy Inc. exchange ratio |   | $       | 0.26   |   |
| Estimated volatility                                                   |   |    | 248.00 | %      |
| Risk free interest rate                                                |   |    | 1.88   | %      |
| Conversion period                                                      |   | 15 yrs. |   |
|                                             |   | Years Ended July 31, |    |
|--------------------------------------------------|--------|----------------------|---------|
|                                             |   | 2016                 |    |   | 2015 |   |
| Asset retirement obligations - Beginning of year |   | $                    | 240,254 |   |   | $ | 278,612 |   |
| Asset retirement obligations incurred            |   |                 | 4,238   |   |   |   | 7,434 |   |
| Accretion                                        |   |                 | 12,854  |   |   |   | 11,596 |   |
| Revisions in estimated cash flows                |   |                 | (46,128 | ) |   |   | (57,388 | ) |
| Asset retirement obligations - End of year       |   | $                    | 211,218 |   |   | $ | 240,254 |   |

----

Index to Financials

----

|                                   |   | Warrants |      |   | Preferred B |   |
|----------------------------------------|--------|----------|-----------|--------|-------------|--------|
| Stock price on transaction date        |   | $        | 0.454     |   |        | $      | 0.454 |   |
| Exercise price                         |   | $        | 1.00      |   |        | $      | 1.00 |   |
| Expected life in years                 |   |     | 3.00      |   |        |   | 8.00 |   |
| Expected volatility – peer group |   |     | 196.40    | %      |        |   | 195.18 | % |
| Risk free rate                         |   |     | 0.76      | %      |        |   | 1.29 | % |
|                                   |   |     |      |   |        |   |   |   |
| Fair value per unit                    |   | $        | 0.396     |   |        | $      | 0.45 |   |
| Units                                  |   |     | 2,674,576 |   |        |   | 5,500,000 |   |
| Total Fair value                       |   | $        | 1,058,528 |   |        | $      | 2,476,803 |   |

----

Index to Financials

----

| Common stock issued on acquisition             |   | $      | 2,439,583 |   |
|------------------------------------------------|--------|--------|-----------|--------|
| Stock purchase warrants issued on acquisition  |   |   | 1,058,528 |   |
| Series B Preferred stock issued on acquisition |   |   | 2,476,803 |   |
| Cash                                           |   |   | 10,000    |   |
|                                           |   | $      | 5,984,914 |   |
| Cash             |   | $      | 9,100     |   |
|------------------|--------|--------|-----------|--------|
| Prepaid expenses |   |   | 2,357     |   |
| Goodwill         |   |   | 5,975,836 |   |
| Accounts payable |   |   | (2,379    | )      |
|             |   | $      | 5,984,914 |   |
|                                                                   |   | Year EndedJuly 31, 2016 |       |   | Year EndedJuly 31, 2015 |   |
|------------------------------------------------------------------------|--------|-------------------------|------------|--------|-------------------------|--------|
|                                                                   |   | (Unaudited)             |       |   | (Unaudited)             |   |
| Revenue                                                                |   | $                       | 441,883    |   |                    | $      | 1,395,400 |   |
| Loss from operations                                                   |   | $                       | (803,715   | )      |                    | $      | (1,029,135 | ) |
| Net loss                                                               |   | $                       | (1,073,351 | )      |                    | $      | (9,858,181 | ) |
| Net loss per share available to common stockholders, basic and diluted |   | $                       | (0.02      | )      |                    | $      | (0.43 | ) |

----

Index to Financials

----

| Fair Value Measurement on a Nonrecurring Basis |   |
|------------------------------------------------|--------|
|                                           |   | Fair value for the year ended July 31, 2016 |   |
|                                           |   | Total |   |   | Level 1 |   |   | Level 2 |   |   | Level 3 |   |
| Preferred stock series A                       |   | $ | 445,735 |   |   | $ | - |   |   | $ | 445,735 |   |   | $ | - |   |
| Common stock purchase warrants                 |   | $ | 1,058,528 |   |   | $ | - |   |   | $ | 1,058,528 |   |   | $ | - |   |
| Preferred stock series B                       |   | $ | 2,476,803 |   |   | $ | - |   |   | $ | 2,476,803 |   |   | $ | - |   |
| Goodwill impairment                            |   | $ | 5,965,836 |   |   | $ | - |   |   | $ | - |   |   | $ | 5,965,836 |   |
| Fair Value Measurement on a Nonrecurring Basis |   |
|------------------------------------------------|--------|
|                                           |   | Fair value for the year ended July 31, 2015 |   |
|                                           |   | Total |   |   | Level 1 |   |   | Level 2 |   |   | Level 3 |   |
|                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Convertible debt modification                  |   | $ | 13,921,168 |   |   | $ | - |   |   | $ | 13,921,168 |   |   | $ | - |   |

----

Index to Financials

----

|                 |   | 2016 |    |   | 2015   |   |
|----------------------|--------|------|---------|--------|--------|--------|
| Development costs    |   | $    | 283,750 |   |   | $      | 369,198 |   |
| Total costs incurred |   | $    | 283,750 |   |   | $      | 369,198 |   |
|                         |   | 2016   |      |   | 2015   |   |
|------------------------------|--------|--------|-----------|--------|--------|--------|
| Proved properties            |   | $      | 7,243,509 |   |   | $      | 7,004,779 |   |
| Total oil and gas properties |   |   | 7,243,509 |   |   |   | 7,004,779 |   |
| Accumulated DD&A         |   |   | (997,986  | )      |   |   | (873,027 | ) |
| Net oil and gas properties   |   | $      | 6,245,523 |   |   | $      | 6,131,752 |   |

| · | Future revenues were based on an un-weighted 12-month average of the first-day-of-the-month price held constant throughout the life of the properties. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Production and development costs were computed using year-end costs assuming no change in present economic conditions. |
|--------|------------------------------------------------------------------------------------------------------------------------|

| · | Future net cash flows were discounted at an annual rate of 10%. |
|--------|-----------------------------------------------------------------|

----

Index to Financials

----

|                                        | 2016    |    |    | 2015   |   |
|---------------------------------------------|---------|---------|---------|--------|--------|
|                                        |    |    | Natural |   |   |   |   | Natural |   |
|                                        | Oil (1) |    | Gas (1) |   |   | Oil (1) |   | Gas (1) |   |
| Reserves:                                   |    |    |    |   |   |   |   |   |   |
| Beginning of year                           |    | 357,290 |    |   |   | 1,312,500 |   |   |   | 274,750 |   |   |   | 1,055,550 |   |
| Revisions of previous estimates             |    | (85,884 | )       |   |   | (90,208 | ) |   |   | 15,023 |   |   |   | 122,743 |   |
| Extensions, discoveries and other additions |    | 172,970 |    |   |   | 648,460 |   |   |   | 79,984 |   |   |   | 185,834 |   |
| Production                                  |    | (7,396  | )       |   |   | (21,492 | ) |   |   | (12,467 | ) |   |   | (51,627 | ) |
| End of year                                 |    | 436,980 |    |   |   | 1,849,260 |   |   |   | 357,290 |   |   |   | 1,312,500 |   |

| · | future costs and sales prices will probably differ from those required to be used in these calculations; |
|--------|----------------------------------------------------------------------------------------------------------|

| · | actual production rates for future periods may vary significantly from the rates assumed in the calculations; |
|--------|---------------------------------------------------------------------------------------------------------------|

| · | a 10% discount rate may not be reasonable relative to risk inherent in realizing future net oil and gas revenues; and |
|--------|-----------------------------------------------------------------------------------------------------------------------|

| · | future net revenues may be subject to different rates of income taxation. |
|--------|---------------------------------------------------------------------------|

----

Index to Financials

----

|                                                     |   | 2016   |       |   | 2015   |   |
|----------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| Future cash inflows                                      |   | $      | 19,551,030 |   |   | $      | 24,859,110 |   |
| Future production costs                                  |   |   | (7,569,270 | )      |   |   | (5,929,190 | ) |
| Future development costs                                 |   |   | (2,193,800 | )      |   |   | (1,361,600 | ) |
| Future income tax expense                                |   |   | (3,425,783 | )      |   |   | (6,148,912 | ) |
| Discount at 10% for estimated timing of cash flows       |   |   | (1,733,300 | )      |   |   | (3,569,707 | ) |
| Standardized measure of discounted future net cash flows |   | $      | 4,628,877  |   |   | $      | 7,849,701 |   |
|                                                              |   | Years Ended July 31, |       |
|-------------------------------------------------------------------|--------|----------------------|------------|
|                                                              |   | 2016                 |       |   | 2015 |   |
| Standardized Measure, beginning of year                           |   | $                    | 7,849,707  |   |   | $ | 7,760,844 |   |
| Sales of oil produced, net of production costs                    |   |                 | 279,026    |   |   |   | (97,244 | ) |
| Net changes in prices, development and production costs           |   |                 | (7,500,569 | ) |   |   | (1,394,949 | ) |
| Extensions, discoveries and improved recovery, less related costs |   |                 | 3,381,367  |   |   |   | 2,047,764 |   |
| Development costs incurred and changes during the period          |   |                 | 76,471     |   |   |   | 369,198 |   |
| Revisions of previous quantity estimates                          |   |                 | (1,166,679 | ) |   |   | (6,394,510 | ) |
| Accretion of discount                                             |   |                 | 776,341    |   |   |   | 7,079,423 |   |
| Net changes in production rates and other                         |   |                 | (1,002,119 | ) |   |   | 161,173 |   |
| Net changes in income taxes                                       |   |                 | 1,935,332  |   |   |   | (1,681,992 | ) |
| Standardized Measure, end of year                                 |   | $                    | 4,628,877  |   |   | $ | 7,849,707 |   |

----

Table of Contents

| ITEM 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE. |
|---------|---------------------------------------------------------------------------------------|

----

Table of Contents

----

Table of Contents

| Name                |   | Age    |   | Position                                                  |
|---------------------|--------|--------|--------|-----------------------------------------------------------|
|                |   |   |   |                                                      |
| Arthur W. Seligman  |   | 64     |   | Principal Executive Officer                               |
| Timothy J. Flanagan |   | 64     |   | President                                                 |
| Dan N. Denton       |   | 61     |   | Principal Financial Officer, Principal Accounting Officer |
| Reese B. Pinney     |   | 59     |   | Chief Operating Officer                                   |
| Robert A. Bories    |   | 61     |   | Treasurer                                                 |
| Stephen Salgado     |   | 34     |   | Secretary, Comptroller                                    |
| Jed Miesner         |   | 56     |   | Director (Chairman)                                       |
| Bob Manning         |   | 66     |   | Director                                                  |
| Tony Alford         |   | 55     |   | Director                                                  |
| Darrell Carey       |   | 60     |   | Director                                                  |

----

Table of Contents

----

Table of Contents

----

Table of Contents

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Table of Contents

| Name and Principal Position | Fiscal YearEnding                                                     |       | Salary($)  |   | StockAwards($) |   | OptionAwards($)                |   | Total($) |
|-----------------------------|-----------------------------------------------------------------------|------------|------------|--------|----------------|--------|--------------------------------|--------|----------|
|                        |                                                                  |       |       |   |           |   |                           |   |     |
| Arthur W. Seligman          |                                                                  | 07/31/2016 |       | -      |           | -      |                           | -      |     | - |
|                        | Principal Executive Officer                                           |       | 07/31/2015 |   | -              |   | -                              |   | -        |   | - |
|                        |                                                                  |       |       |   |           |   |                           |   |     |   |   |
| Timothy J. Flanagan         |                                                                  | 07/31/2016 |       | -      |           | -      |                           | -      |     | - |
|                        | President                                                             |       | 07/31/2015 |   | -              |   | -                              |   | -        |   | - |
|                        |                                                                  |       |       |   |           |   |                           |   |     |   |   |
| Reese B. Pinney             |                                                                  | 07/31/2016 |       | -      |           | -      |                           | -      |     | - |
|                        | Chief Operating Officer                                               |       | 07/31/2015 |   | -              |   | -                              |   | -        |   | - |
|                        |                                                                  |       |       |   |           |   |                           |   |     |   |   |
| Dan N. Denton               |                                                                  | 07/31/2016 |       | -      |           | -      |                           | -      |     | - |
|                        | Principal Financial Officer, Principal Accounting Officer             |       | 07/31/2015 |   | -              |   | -                              |   | -        |   | - |
|                        |                                                                  |       |       |   |           |   |                           |   |     |   |   |
| Robert A. Bories            |                                                                  | 07/31/2016 |       | -      |           | -      |                           | -      |     | - |
|                        | Treasurer                                                             |       | 07/31/2015 |   | -              |   | -                              |   | -        |   | - |
|                        |                                                                  |       |       |   |           |   |                           |   |     |   |   |
| Stephen Salgado             |                                                                  | 07/31/2016 |       | 24,586 |           | -      |                           | -      |     | 24,586 |
|                        | Secretary and Comptroller                                             |       | 07/31/2015 |   | -              |   | -                              |   | -        |   | - |
|                        |                                                                  |       |       |   |           |   |                           |   |     |   |   |
| Jed Miesner                 |                                                                  | 07/31/2016 |       | -      |           | -      |                           | -      |     | - |
|                        | Principal Executive Officer and President(resigned 4/29/2016)         | (1)        | 07/31/2015 |   | -              |   |     15,000 |   | -        |   | 15,000 |
|                        |                                                                  |       |       |   |           |   |                           |   |     |   |   |
| Matthew J. Colbert          |                                                                  | 07/31/2016 |       | 26,750 |           | -      |                           | -      |     | 26,750 |
|                        | Principal Financial Officer, Secretary,Treasurer (resigned 4/20/2016) | (2)        | 07/31/2015 |   | 32,250         |   | 59,325                         |   | -        |   | 91,575 |
| (1)    | In October 2014, Jed Miesner was awarded 25,000 shares of common stock in Amazing Energy, Inc.; The Amazing Energy, Inc. common stock was subsequently converted into 57,604 common shares of Amazing Energy Oil & Gas, Co. stock |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                  |
| (2)    | On February 11, 2015, Mr. Colbert was issued 5,000 shares of common stock of AEI, which was later converted into 11,521 shares of the AEOG common stock.                                                                              |

----

Table of Contents

| Name           |   | Fees Earned orPaid in Cash($) |   | StockAwards($) |   | All OtherCompensation($) |   | Total($) |
|----------------|--------|-------------------------------|--------|----------------|--------|--------------------------|--------|----------|
|           |   |                          |   |           |   |                     |   |     |
| Tony Alford    |   | -                             |   | -              |   | -                        |   | -        |
| Robert Manning |   | -                             |   | -              |   | -                        |   | -        |
| Darrell Carey  |   | -                             |   | -              |   | -                        |   | -        |
| Jed Miesner    |   | -                             |   | -              |   | -                        |   | -        |

| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS. |
|----------|-------------------------------------------------------------------------------------------------|

| · | Each person who is known by us to own more than 5% of our shares of common stock; |
|--------|-----------------------------------------------------------------------------------|

| · | Each of our named executive officers and directors; and |
|--------|---------------------------------------------------------|

| · | All of our executive officers and directors as a group. |
|--------|---------------------------------------------------------|

| BENEFICIAL OWNERS OF OUR COMMON STOCK at July 31, 2016 |
|--------------------------------------------------------|
| Beneficial Owner                                       | Amount & Natureof Ownership | Percentageof Class | Total VotingPower | Percentage of VotingPower When Votingwith Class A Preferredand Class B Preferred |
|                                                   |   |   |   |   |
| Arthur W. Seligman                                     | 0 | 0.00% | 0 | 0.00% |
|                                                   |   |   |   |   |
| Timothy J. Flanagan                                    | 0 | 0.00% | 0 | 0.00% |
|                                                   |   |   |   |   |
| Jed Miesner (1)                                        | 23,559,964 | 39.84% | 23,559,964 | 15.79% |
|                                                   |   |   |   |   |
| Bob Manning (2)                                        | 381,568 | 0.65% | 381,568 | 0.26% |
|                                                   |   |   |   |   |
| Tony Alford (3)                                        | 864,057 | 1.46% | 864,057 | 0.58% |
|                                                   |   |   |   |   |
| Darrell Carey                                          | 57,604 | 0.10% | 57,604 | 0.04% |
|                                                   |   |   |   |   |
| Robert Bories                                          | 0 | 0.00% | 0 | 0.00% |
|                                                   |   |   |   |   |
| Reese Pinney                                           | 0 | 0.00% | 0 | 0.00% |
|                                                   |   |   |   |   |
| Stephen Salgado                                        | 299,540 | 0.51% | 299,540 | 0.20% |
|                                                   |   |   |   |   |

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| Dan Denton                                                   | 0          | 0.00%  | 0          | 0.00%  |
|--------------------------------------------------------------|------------|--------|------------|--------|
|                                                         |       |   |       |   |
| Matthew J. Colbert                                           | 66,521     | 0.11%  | 66,521     | 0.04%  |
|                                                         |       |   |       |   |
| TOTAL All officers and directors as a group (11 individuals) | 25,229,254 | 42.66% | 25,229,254 | 16.91% |
|                                                         |       |   |       |   |
| Other Entities That Control Over 5% of the Common Stock      |       |   |       |   |
|                                                         |       |   |       |   |
| The National Christian CharitableFoundation (4)              | 6,000,000  | 10.15% | 6,000,000  | 4.02%  |
|                                                         |       |   |       |   |
| TOTAL of OTHER 5% Entities                                   | 6,000,000  | 10.15% | 6,000,000  | 4.02%  |
| (1) | Jointly owned with JLM Strategic Investments, LP and Cornerstone Fidelity Capital, LLC |
|-----|----------------------------------------------------------------------------------------|
| (2) | Jointly owned with Happy State Bank Custodian of IRA fbo Bob Manning                   |
| (3) | Jointly owned with his wife, Christine Alford                                          |
| (4) | The National Christian Charitable Foundation is managed by Jed and Lesa Miesner.       |
| BENEFICIAL OWNERS OF OUR SERIES A PREFERRED STOCK at July 31, 2016 |
|--------------------------------------------------------------------|
| Beneficial Owner                                                   | Amount & Natureof Ownership | Percentageof Class | Total VotingPower | Percentage ofTotal Voting Power |
|                                                               |   |   |   |   |
| Arthur W. Seligman                                                 | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Timothy J. Flanagan                                                | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Jed Miesner                                                        | 9,000[1] | 100.00%[1] | 90,000,000 | 60.33%[1] |
|                                                               |   |   |   |   |
| Bob Manning                                                        | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Tony Alford                                                        | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Darrell Carey                                                      | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Robert Bories                                                      | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Reese Pinney                                                       | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Stephen Salgado                                                    | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Dan Denton                                                         | 0 | 0.00% | 0 | 0.00% |
|  Matthew J. Colbert                                           | 0 | 0.00% | 0 | 0.00% |
| All officers and directors as a group(11 individuals)              | 9,000 | 100.00% | 90,000,000 | 60.33% |
| [1] | Each share of Series A Preferred Stock has 10,000 votes per share and votes with the common stock and Series B Preferred Stock on all matters submitted to shareholders. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| BENEFICIAL OWNERS OF OUR SERIES B PREFERRED STOCK at July 31, 2016 |
|--------------------------------------------------------------------|
| Beneficial Owner                                                   | Amount & Natureof Ownership | Percentageof Class | Total VotingPower | Percentage ofVoting Power |
|                                                               |   |   |   |   |
| Arthur W. Seligman                                                 | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Timothy J. Flanagan                                                | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Jed Miesner                                                        | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Bob Manning                                                        | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Tony Alford                                                        | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Darrell Carey                                                      | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Robert Bories  (1)                                            | 50,000 | 100.00% | 50,000 | 0.03% |
|                                                               |   |   |   |   |
| Reese Pinney                                                       | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Stephen Salgado                                                    | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Dan Denton                                                         | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| Matthew J. Colbert                                                 | 0 | 0.00% | 0 | 0.00% |
|                                                               |   |   |   |   |
| All officers and directors as a group(11 individuals)              | 50,000 | 100.00% | 50,000 | 0.03% |
| (1) | 50,000 Series B preferred shares registered in the name of Bories Capital LLC which is controlled by Robert Bories. |
|-----|---------------------------------------------------------------------------------------------------------------------|
| Plan category                                              | Number of securitiesissued upon exercise ofoutstanding options,warrants and rights | Weighted-average exerciseprice of outstanding options,warrants and rights | Number of securities remainingavailable for future issuanceunder equity compensationplans (excluding securitiesreflected in column (a)) |
|------------------------------------------------------------|------------------------------------------------------------------------------------|---------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------|
|                                                       | (a)                                                                                | (b)                                                                       | (c)                                                                                                                                     |
|                                                       |                                                                               |                                                                      |                                                                                                                                    |
| Equity compensation plans approved by security holders (1) | 0                                                                                  | 0                                                                         | 11,350,000                                                                                                                              |
|                                                       |                                                                               |                                                                      |                                                                                                                                    |
| Equity compensation plans not approved by security holders | 0                                                                                  | 0                                                                         | 0                                                                                                                                       |
|                                                       |                                                                               |                                                                      |                                                                                                                                    |
| Total                                                      | 0                                                                                  | 0                                                                         | 11,350,000                                                                                                                              |

| (1) | The 2007 Stock Option plan adopted by our board of directors in June 2007 and approved by our shareholders in December 2007. |
|-----|------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE. |
|----------|----------------------------------------------------------------------------|

| 1) | A director who is, or at any time during the past three years was, employed by the company or by any parent or subsidiary of the company; |
|----|-------------------------------------------------------------------------------------------------------------------------------------------|

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| 2) | A director who accepted or who has a Family Member who accepted any compensation from the company in excess of $60,000 during any period of twelve consecutive months within the three years preceding the determination of independence, other than the following: |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | a) | compensation for board or board committee service; |
|--|----|----------------------------------------------------|

|  | b) | compensation paid to a Family Member who is an employee (other than an executive officer) of the company; or |
|--|----|--------------------------------------------------------------------------------------------------------------|

|  | c) | benefits under a tax-qualified retirement plan, or non-discretionary compensation |
|--|----|-----------------------------------------------------------------------------------|

|  | d) | Other relationships include: |
|--|----|------------------------------|

|  | e) | a director who is a Family Member of an individual who is, or at any time during the past three years was, employed by the Company as an executive officer, or a director who is, or has a family member who is, a partner in, or a controlling shareholder or an executive officer of, any organization to which the Company made, or from which the Company received, payments for property or services in the current or any of the past three fiscal years that exceed 5% of the recipient's consolidated gross revenues for that year, or $200,000, whichever is more, other than (a) payments arising solely from investments in the company's securities; or (b) payments under non-discretionary charitable contribution matching programs. |
|--|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | f) | a director of the Company who is, or has a Family Member who is, employed as an executive officer of another entity where at any time during the past three years any of the executive officers of the Company serve on the compensation committee of such other entity; or |
|--|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | g) | a director who is, or has a Family Member who is, a current partner of the Company's outside auditor, or was a partner or employee of the Company's outside auditor who worked on the company's audit at any time during any of the past three years. |
|--|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

|          |                                                                                                                                                                                  | Incorporated by Reference |     |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------|----------|
| ExhibitNumber | Description of Document                                                                                                                                                               | Form                      | Date     | Number | Filedherewith |
| 2.1           | Articles of Merger dated October 15, 2014                                                                                                                                             | 8-K                       | 10/17/14 | 2.1 |   |
| 3.1           | Articles of Incorporation for Silver Crest Mines, Inc. dated September 11, 1968                                                                                                       | 10-SB12G                  | 01/08/07 | 3.1 |   |
| 3.2           | Articles of Merger of Domestic Corporations into Silver Crest Mines, Inc. dated December 20, 1982                                                                                     | 10-SB12G                  | 01/08/07 | 3.2 |   |
| 3.3           | Articles of Incorporation of Silver Crest Resources, Inc. dated January 28, 2003                                                                                                      | 10-SB12G                  | 01/08/07 | 3.3 |   |
| 3.4           | Articles of Merger between Silver Crest Mines, Inc. into Silver Crest Resources, Inc. as filed in Nevada dated June 11, 2003                                                          | 10-SB12G                  | 01/08/07 | 3.4 |   |
| 3.5           | Articles of Merger between Silver Crest Mines, Inc. into Silver Crest Resources, Inc. as filed in Idaho dated June 11, 2003                                                           | 10-SB12G                  | 01/08/07 | 3.5 |   |
| 3.6           | Articles of Exchange of Niagara Mining and Development Company, Inc., and Silver Crest Resources, Inc. as filed in Nevada dated August 4, 2006                                        | 10-SB12G                  | 01/08/07 | 3.6 |   |
| 3.7           | Articles of Exchange of Niagara Mining and Development Company, Inc., and Silver Crest Resources, Inc. as filed in Idaho dated August 4, 2006                                         | 10-SB12G                  | 01/08/07 | 3.7 |   |
| 3.8           | Certificate of Amendment to Articles of Incorporation for a Nevada Corporation dated August 14, 2006                                                                                  | 10-SB12G                  | 01/08/07 | 3.8 |   |
| 3.9           | Articles of Incorporation for Kisa Gold Mining, Inc. dated July 28, 2006                                                                                                              | 10-SB12G                  | 01/08/07 | 3.9 |   |
| 3.10          | Articles of Incorporation for Niagara Mining and Development Company, Inc. dated January 11, 2005                                                                                     | 10-SB12G                  | 01/08/07 | 3.10 |   |
| 3.11          | Amended Bylaws adopted September 12, 2007                                                                                                                                             | 10-KSB                    | 03/26/08 | 3.11 |   |
| 3.12          | Articles of Incorporation – Amazing Energy, Inc.                                                                                                                                | 10-K                      | 11/13/15 | 3.12 |   |
| 3.13          | Bylaws – Amazing Energy, Inc.                                                                                                                                                   | 10-K                      | 11/13/15 | 3.13 |   |
| 3.14          | Articles of Organization – Amazing Energy LLC                                                                                                                                   | 10-K                      | 11/13/15 | 3.14 |   |
| 3.15          | Operating Agreement – Amazing Energy LLC                                                                                                                                        | 10-K                      | 11/13/15 | 3.15 |   |
| 3.16          | Articles of Incorporation – Gulf South Securities, Inc.                                                                                                                         |                      |     |   | X |
| 3.17          | Bylaws of Gulf South Securities, Inc.                                                                                                                                                 |                      |     |   | X |
| 3.18          | Articles of Incorporation – Jilpetco, Inc.                                                                                                                                      |                      |     |   | X |
| 3.19          | Bylaws of Jilpetco, Inc.                                                                                                                                                              |                      |     |   | X |
| 10.1          | Employment Contract of Thomas H. Parker                                                                                                                                               | 10-SB12G/A                | 08/06/07 | 3.11 |   |
| 10.2          | Employment Contract of Chris Dail                                                                                                                                                     | 10-SB12G                  | 07/08/07 | 10 |   |
| 10.3          | Option and Royalty Sales Agreement between Gold Crest Mines, Inc. and the heirs of the Estate of J.J. Oberbillig                                                                      | 10-KSB                    | 03/26/08 | 10.3 |   |
| 10.4          | Option and Real Property Sales Agreement between Gold Crest Mines, Inc. and JJO, LLC, an Idaho limited liability company and personal representative of the Estate of J.J. Oberbillig | 10-KSB                    | 03/26/08 | 10.4 |   |
| 10.5          | Mining Lease and Option to Purchase Agreement dated March 31, 2008, between Gold Crest Mines, Inc. and Bradley Mining Company, a California Corporation                               | 10-Q                      | 08/11/08 | 10.5 |   |
| 10.6          | Golden Lynx, LLC, Limited Liability Company Agreement dated April 18, 2008, between Kisa Gold Mining, Inc. and Cougar Gold LLC                                                        | 10-Q                      | 08/11/08 | 10.6 |   |
| 10.7          | AKO Venture Agreement dated May 5, 2008, between Kisa Gold Mining, Inc. and Newmont North America Exploration Limited, a Delaware Corporation                                         | 10-Q                      | 08/11/08 | 10.7 |   |
| 10.8          | Luna Venture Agreement dated May 5, 2008, between Kisa Gold Mining, Inc. and Newmont North America Exploration Limited, a Delaware Corporation                                        | 10-Q                      | 08/11/08 | 10.8 |   |

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Table of Contents

| 10.9    | Chilly Venture Agreement dated May 5, 2008, between Kisa Gold Mining, Inc. and Newmont North America Exploration Limited, a Delaware Corporation | 10-Q       | 08/11/08 | 10.9   |   |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------|------------|----------|--------|--------|
| 10.10   | Purchase Agreement dated March 13, 2009, between Gold Crest Mines, Inc. and Frank Duval                                                          | 10-K       | 03/25/09 | 10.9   |   |
| 10.11   | Master Earn-In Agreement dated March 28, 2011, between Kisa Gold Mining, Inc. and North Fork LLC                                                 | 10-Q       | 05/18/11 | 10.1   |   |
| 10.12   | Terms Sheet and Loan Agreement and amendments thereto between Kisa Gold Mining, Inc. and Afranex Gold Limited                                    | 10-KSB     | 04/17/13 | 10.12  |   |
| 10.13   | Amendment to Terms Sheet and Loan Agreement between Kisa Gold Mining, Inc. and Afranex Gold Limited                                              | 10-Q       | 08/14/13 | 10.1   |   |
| 10.14   | Change in Control Agreement with certain shareholders of Amazing Energy, Inc.                                                                    | 8-K        | 10/08/14 | 10.1   |   |
| 10.15   | Stock Exchange Agreement with Jilpetco, Inc. dated 8-10-2015                                                                                     | 8-K        | 08/12/15 | 10.1   |   |
| 10.16   | Termination of Stock Exchange Agreement                                                                                                          | 10-Q       | 12/15/15 | 10.1   |   |
| 10.17   | Agreement with Delaney Equity Group, LLC                                                                                                         | 10-Q       | 03/16/16 | 10.17  |   |
| 10.18   | Agreement with Gulf South Holdings, Inc.                                                                                                         | 8-K        | 04/20/16 | 10.1   |   |
| 10.19   | Agreement with Jed Miesner                                                                                                                       | 8-K        | 04/20/16 | 10.2   |   |
| 10.20   | Amendment No. 1 to Agreement with Gulf South Holdings, Inc.                                                                                      | 8-K/A      | 04/29/16 | 10.1   |   |
| 10.21   | Amendment No. 2 to Agreement with Gulf South Holdings, Inc.                                                                                      | 8-K/A-2    | 07/22/16 | 10.1   |   |
| 10.22   | Amended Agreement with Jilpetco, Inc.                                                                                                            | 8-K/A-5    | 08/29/16 | 10.2   |   |
| 14.1    | Code of Conduct and Ethics of Gold Crest Mines, Inc. adopted March 3, 2008                                                                       | 8-K        | 03/03/08 | 14.1   |   |
| 21.1    | Subsidiaries of the Issuer                                                                                                                       |       |     |   | X      |
| 31.1    | Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                           |       |     |   | X      |
| 31.2    | Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                           |       |     |   | X      |
| 32.1    | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                               |       |     |   | X      |
| 32.2    | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                               |       |     |   | X      |
| 99.1    | Gold Crest Mines, Inc., 2007 Stock Plan                                                                                                          | 10-SB12G/A | 08/06/07 | 99     |   |
| 99.2    | Audited Financial Statements of Amazing Energy, Inc. for the period ended July 31, 2014 and 2013                                                 | 8-K        | 03/18/15 | 99.1   |   |
| 99.3    | Unaudited Financial Statements of Amazing Energy, Inc. for the period ended January 31, 2015                                                     | 8-K        | 03/18/15 | 99.2   |   |
| 99.4    | Unaudited Pro Forma Consolidated Financial Statements                                                                                            | 8-K        | 03/18/15 | 99.3   |   |
| 101.INS | XBRL Instance Document                                                                                                                           |       |     |   |   |
| 101.SCH | XBRL Taxonomy Extension – Schema                                                                                                           |       |     |   |   |
| 101.CAL | XBRL Taxonomy Extension – Calculation                                                                                                      |       |     |   |   |
| 101.DEF | XBRL Taxonomy Extension – Definition                                                                                                       |       |     |   |   |
| 101.LAB | XBRL Taxonomy Extension – Label                                                                                                            |       |     |   |   |
| 101.PRE | XBRL Taxonomy Extension – Presentation                                                                                                     |       |     |   |   |

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Table of Contents

|              | AMAZING ENERGY OIL AND GAS, CO. |
|-------------------|---------------------------------|
|              |                            |   |
| November 11, 2016 | By:                             | ARTHUR W. SELIGMAN |
|              |                            | Arthur W. Seligman |
|              |                            | Principal Executive Officer |
|              |                            |   |
| November 11, 2016 | By:                             | DAN N. DENTON |
|              |                            | Dan N. Denton |
|              |                            | Principal Financial Officer and Principal Accounting Officer |
| Signature     | Title    | Date              |
|---------------|----------|-------------------|
|          |     |              |
|          |     |              |
| JED MIESNER   | Director | November 11, 2016 |
| Jed Miesner   |     |              |
|          |     |              |
| BOB MANNING   | Director | November 11, 2016 |
| Bob Manning   |     |              |
|          |     |              |
| TONY ALFORD   | Director | November 11, 2016 |
| Tony Alford   |     |              |
|          |     |              |
| DARRELL CAREY | Director | November 11, 2016 |
| Darrell Carey |     |              |

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Table of Contents

|          |                                                                                                                                                                                  | Incorporated by Reference |     |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------|----------|
| ExhibitNumber | Description of Document                                                                                                                                                               | Form                      | Date     | Number | Filedherewith |
| 2.1           | Articles of Merger dated October 15, 2014                                                                                                                                             | 8-K                       | 10/17/14 | 2.1 |   |
| 3.1           | Articles of Incorporation for Silver Crest Mines, Inc. dated September 11, 1968                                                                                                       | 10-SB12G                  | 01/08/07 | 3.1 |   |
| 3.2           | Articles of Merger of Domestic Corporations into Silver Crest Mines, Inc. dated December 20, 1982                                                                                     | 10-SB12G                  | 01/08/07 | 3.2 |   |
| 3.3           | Articles of Incorporation of Silver Crest Resources, Inc. dated January 28, 2003                                                                                                      | 10-SB12G                  | 01/08/07 | 3.3 |   |
| 3.4           | Articles of Merger between Silver Crest Mines, Inc. into Silver Crest Resources, Inc. as filed in Nevada dated June 11, 2003                                                          | 10-SB12G                  | 01/08/07 | 3.4 |   |
| 3.5           | Articles of Merger between Silver Crest Mines, Inc. into Silver Crest Resources, Inc. as filed in Idaho dated June 11, 2003                                                           | 10-SB12G                  | 01/08/07 | 3.5 |   |
| 3.6           | Articles of Exchange of Niagara Mining and Development Company, Inc., and Silver Crest Resources, Inc. as filed in Nevada dated August 4, 2006                                        | 10-SB12G                  | 01/08/07 | 3.6 |   |
| 3.7           | Articles of Exchange of Niagara Mining and Development Company, Inc., and Silver Crest Resources, Inc. as filed in Idaho dated August 4, 2006                                         | 10-SB12G                  | 01/08/07 | 3.7 |   |
| 3.8           | Certificate of Amendment to Articles of Incorporation for a Nevada Corporation dated August 14, 2006                                                                                  | 10-SB12G                  | 01/08/07 | 3.8 |   |
| 3.9           | Articles of Incorporation for Kisa Gold Mining, Inc. dated July 28, 2006                                                                                                              | 10-SB12G                  | 01/08/07 | 3.9 |   |
| 3.10          | Articles of Incorporation for Niagara Mining and Development Company, Inc. dated January 11, 2005                                                                                     | 10-SB12G                  | 01/08/07 | 3.10 |   |
| 3.11          | Amended Bylaws adopted September 12, 2007                                                                                                                                             | 10-KSB                    | 03/26/08 | 3.11 |   |
| 3.12          | Articles of Incorporation – Amazing Energy, Inc.                                                                                                                                | 10-K                      | 11/13/15 | 3.12 |   |
| 3.13          | Bylaws – Amazing Energy, Inc.                                                                                                                                                   | 10-K                      | 11/13/15 | 3.13 |   |
| 3.14          | Articles of Organization – Amazing Energy LLC                                                                                                                                   | 10-K                      | 11/13/15 | 3.14 |   |
| 3.15          | Operating Agreement – Amazing Energy LLC                                                                                                                                        | 10-K                      | 11/13/15 | 3.15 |   |
| 3.16          | Articles of Incorporation – Gulf South Securities, Inc.                                                                                                                         |                      |     |   | X |
| 3.17          | Bylaws of Gulf South Securities, Inc.                                                                                                                                                 |                      |     |   | X |
| 3.18          | Articles of Incorporation – Jilpetco, Inc.                                                                                                                                      |                      |     |   | X |
| 3.19          | Bylaws of Jilpetco, Inc.                                                                                                                                                              |                      |     |   | X |
| 10.1          | Employment Contract of Thomas H. Parker                                                                                                                                               | 10-SB12G/A                | 08/06/07 | 3.11 |   |
| 10.2          | Employment Contract of Chris Dail                                                                                                                                                     | 10-SB12G                  | 07/08/07 | 10 |   |
| 10.3          | Option and Royalty Sales Agreement between Gold Crest Mines, Inc. and the heirs of the Estate of J.J. Oberbillig                                                                      | 10-KSB                    | 03/26/08 | 10.3 |   |
| 10.4          | Option and Real Property Sales Agreement between Gold Crest Mines, Inc. and JJO, LLC, an Idaho limited liability company and personal representative of the Estate of J.J. Oberbillig | 10-KSB                    | 03/26/08 | 10.4 |   |
| 10.5          | Mining Lease and Option to Purchase Agreement dated March 31, 2008, between Gold Crest Mines, Inc. and Bradley Mining Company, a California Corporation                               | 10-Q                      | 08/11/08 | 10.5 |   |
| 10.6          | Golden Lynx, LLC, Limited Liability Company Agreement dated April 18, 2008, between Kisa Gold Mining, Inc. and Cougar Gold LLC                                                        | 10-Q                      | 08/11/08 | 10.6 |   |
| 10.7          | AKO Venture Agreement dated May 5, 2008, between Kisa Gold Mining, Inc. and Newmont North America Exploration Limited, a Delaware Corporation                                         | 10-Q                      | 08/11/08 | 10.7 |   |
| 10.8          | Luna Venture Agreement dated May 5, 2008, between Kisa Gold Mining, Inc. and Newmont North America Exploration Limited, a Delaware Corporation                                        | 10-Q                      | 08/11/08 | 10.8 |   |
|          |                                                                                                                                                                                  |                      |     |   |   |

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Table of Contents

| 10.9    | Chilly Venture Agreement dated May 5, 2008, between Kisa Gold Mining, Inc. and Newmont North America Exploration Limited, a Delaware Corporation | 10-Q       | 08/11/08 | 10.9   |   |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------|------------|----------|--------|--------|
| 10.10   | Purchase Agreement dated March 13, 2009, between Gold Crest Mines, Inc. and Frank Duval                                                          | 10-K       | 03/25/09 | 10.9   |   |
| 10.11   | Master Earn-In Agreement dated March 28, 2011, between Kisa Gold Mining, Inc. and North Fork LLC                                                 | 10-Q       | 05/18/11 | 10.1   |   |
| 10.12   | Terms Sheet and Loan Agreement and amendments thereto between Kisa Gold Mining, Inc. and Afranex Gold Limited                                    | 10-KSB     | 04/17/13 | 10.12  |   |
| 10.13   | Amendment to Terms Sheet and Loan Agreement between Kisa Gold Mining, Inc. and Afranex Gold Limited                                              | 10-Q       | 08/14/13 | 10.1   |   |
| 10.14   | Change in Control Agreement with certain shareholders of Amazing Energy, Inc.                                                                    | 8-K        | 10/08/14 | 10.1   |   |
| 10.15   | Stock Exchange Agreement with Jilpetco, Inc. dated 8-10-2015                                                                                     | 8-K        | 08/12/15 | 10.1   |   |
| 10.16   | Termination of Stock Exchange Agreement                                                                                                          | 10-Q       | 12/15/15 | 10.1   |   |
| 10.17   | Agreement with Delaney Equity Group, LLC                                                                                                         | 10-Q       | 03/16/16 | 10.17  |   |
| 10.18   | Agreement with Gulf South Holdings, Inc.                                                                                                         | 8-K        | 04/20/16 | 10.1   |   |
| 10.19   | Agreement with Jed Miesner                                                                                                                       | 8-K        | 04/20/16 | 10.2   |   |
| 10.20   | Amendment No. 1 to Agreement with Gulf South Holdings, Inc.                                                                                      | 8-K/A      | 04/29/16 | 10.1   |   |
| 10.21   | Amendment No. 2 to Agreement with Gulf South Holdings, Inc.                                                                                      | 8-K/A-2    | 07/22/16 | 10.1   |   |
| 10.22   | Amended Agreement with Jilpetco, Inc.                                                                                                            | 8-K/A-5    | 08/29/16 | 10.2   |   |
| 14.1    | Code of Conduct and Ethics of Gold Crest Mines, Inc. adopted March 3, 2008                                                                       | 8-K        | 03/03/08 | 14.1   |   |
| 21.1    | Subsidiaries of the Issuer                                                                                                                       |       |     |   | X      |
| 31.1    | Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                           |       |     |   | X      |
| 31.2    | Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                           |       |     |   | X      |
| 32.1    | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                               |       |     |   | X      |
| 32.2    | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                               |       |     |   | X      |
| 99.1    | Gold Crest Mines, Inc., 2007 Stock Plan                                                                                                          | 10-SB12G/A | 08/06/07 | 99     |   |
| 99.2    | Audited Financial Statements of Amazing Energy, Inc. for the period ended July 31, 2014 and 2013                                                 | 8-K        | 03/18/15 | 99.1   |   |
| 99.3    | Unaudited Financial Statements of Amazing Energy, Inc. for the period ended January 31, 2015                                                     | 8-K        | 03/18/15 | 99.2   |   |
| 99.4    | Unaudited Pro Forma Consolidated Financial Statements                                                                                            | 8-K        | 03/18/15 | 99.3   |   |
| 101.INS | XBRL Instance Document                                                                                                                           |       |     |   |   |
| 101.SCH | XBRL Taxonomy Extension – Schema                                                                                                           |       |     |   |   |
| 101.CAL | XBRL Taxonomy Extension – Calculation                                                                                                      |       |     |   |   |
| 101.DEF | XBRL Taxonomy Extension – Definition                                                                                                       |       |     |   |   |
| 101.LAB | XBRL Taxonomy Extension – Label                                                                                                            |       |     |   |   |
| 101.PRE | XBRL Taxonomy Extension – Presentation                                                                                                     |       |     |   |   |