UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549








FORM
10-K








x
              ANNUAL
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGEACT
      OF 1934For
      the fiscal year ended: April 30, 2009Or ̈
              TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGEACT
      OF 1934For
      the transition period from: _____________ to
  _____________











EAGLE
OIL HOLDING COMPANY, INC.


(Exact
name of registrant as specified in its charter)











Nevada
                
                000-1437476
                
                20-1144153(State
      or Other Jurisdiction
                
                (Commission
                
                (I.R.S.
      Employerof
      Incorporation or Organization)
                
                File
      Number)
                
                Identification
      No.)





50
W. Liberty, Suite 880, Reno, Nevada 89501





(Address
of Principal Executive Office) (Zip Code)





(209)
736-4854


Registrant’s
telephone number, including area code)





FORD-SPOLETI
HOLDINGS, INC.


248
Route 25A; Suite 73


East
Setauket, NY 11733


(Former
name or former address, if changed since last report)





Securities
      registered pursuant to Section 12(b) of the Act:Title
      of each class
            
            Name
      of each exchange on which registeredSecurities
      registered pursuant to Section 12(g) of the Act:Common
      Stock(Title
      of Class)





Indicate
      by check mark if the registrant is a well-known seasoned issuer, as
      defined in Rule 405 of the Securities Act.Yes
                
                No
                xIndicate
      by check mark if the registrant is not required to file reports pursuant
      to Section 13 or Section 15(d) of the Act.Yes
                
                No
                x





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





Indicate
      by check mark if disclosure of delinquent filers pursuant to Item 405 of
      Regulation S-K (§229.405 of this chapter) is not contained herein, and
      will not be contained, to the best of registrant’s knowledge, in
      definitive proxy or information statements incorporated by reference in
      Part III of this Form 10-K or any amendment to this Form
      10-K.      xIndicate
      by check mark whether the registrant is a large accelerated filer, an
      accelerated filer, a non-accelerated filer, or a smaller reporting
      company.Large
      accelerated filer
              
              
              
              Accelerated
      filerNon-accelerated
      filer
              
              
              
              Smaller
      reporting company
              xIndicate
      by check mark whether the registrant is a shell company (as defined in
      Rule 12b-2 of the Act).
              Yes
              
              No
              xState
      the aggregate market value of the voting and non-voting common equity held
      by non-affiliates computed by reference to the price at which the common
      equity was last sold, or the average bid and asked price of such common
      equity, as of the last business day of the registrant’s most recently
      completed second fiscal quarter.  $0Indicate
      the number of shares outstanding of each of the registrant’s classes of
      common stock, as of the latest practicable date.
  31,450,000APPLICABLE
      ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCYPROCEEDINGS
      DURING THE PRECEDING FIVE YEARS:Indicate
      by check mark whether the registrant has filed all documents and reports
      required to be filed by Section 12, 13 or 15(d) of the Securities Exchange
      Act of 1934 subsequent to the distribution of securities under a plan
      confirmed by a court. Yes  NoDOCUMENTS
      INCORPORATED BY REFERENCE













INDEX





PART
      IItem
      1.
                                    Business.
                                    3Item
      1A.
                                    Risk
      Factors.
                                    9Item
      1B.
                                    Unresolved
      Staff Comments.
                                    9Item
      2.
                                    Properties.
                                    9Item
      3.
                                    Legal
      Proceedings.
                                    9Item
      4.
                                    Submission
      of Matters to a Vote of Security Holders.
                                    9PART
      IIItem
      5.
                                    Market
      for Registrant’s Common Equity, Related Stockholder Matters andIssuer Purchases of Equity
      Securities.
                                    10Item
      6.
                                    Selected
      Financial Data.
                                    10Item
      7.
                                    Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operation.
                                    10Item
      7A.
                                    Quantitative
      and Qualitative Disclosures About Market Risk.
                                    13Item
      8.
                                    Financial
      Statements and Supplementary Data.
                                    14Item
      9.
                                    Changes
      in and Disagreements With Accountants on Accounting and Financial
      Disclosure.
                                    25Item
      9A.
                                    Controls
      and Procedures.
                                    25Item
      9B.
                                    Other
      Information.
                                    26PART
      IIIItem
      10.
                                    Directors,
      Executive Officers and Corporate Governance.
                                    26Item
      11.
                                    Executive
      Compensation.
                                    28Item
      12.
                                    Security
      Ownership of Certain Beneficial Owners and Management andRelated Stockholder
      Matters.
                                    28Item
      13.
                                    Certain
      Relationships and Related Transactions, and Director
      Independence.
                                    29Item
      14.
                                    Principal
      Accounting Fees and Services.
                                    29PART
      IVItem
      15.
                                    Exhibits,
      Financial Statement Schedules.
                                    30SIGNATURES
                                    31




2




PART
I





Item
      1.
            Business.




Introduction





We are an
independent growth-oriented energy company engaged in the exploration and
production of oil through the development of repeatable, low geological
risk, high potential projects in the active East Texas oil and gas region.
We currently hold interests in 173 wells located in the Historic Woodbine Oil
Field in East Texas all of which are in need of reconditioning before they can
be returned to production, four of which have already been reconditioned and are
ready for production.  Prior to April 30, 2009, the Company was
engaged in real estate development projects and, on April 30, 2009, the last day
of our fiscal year reported in this Annual Report, we acquired Eagle Oil Company
and changed the focus of our business to oil exploration and
production.  Since the acquisition of Eagle Oil Company was accounted
for as a reverse acquisition, this Annual Report reflects our oil exploration
and production business as if we were engaged in such line of business for the
entire fiscal year.




History





The Company was formed in Nevada in
2004 and was initially engaged in acquiring, developing, operating and selling
real estate on Long Island, in New York State.  In 2005, the Company
acquired a 20,000 square foot office building which we then renovated for use as
medical offices.  We started to rent space in the building in
2006.  In 2008, after the Company sold its interest in the medical
office building, we explored additional real estate projects and entered into a
contract to purchase property to develop in Bay Shore, New York.  On
April 30, 2009, the Company acquired Eagle Oil Company, a Nevada corporation
from Eagle Environmental Technologies Ltd., resulting in Eagle Oil becoming a
wholly-owned subsidiary of the Company. Eagle Oil was subsequently merged into
the Company and the Company changed its name to Eagle Oil Holding Company,
Inc.





The
Woodbine Oil Field





The East Texas field was discovered on
October 3, 1930.  The field covers over 140,000 acres of Texas and was
the largest oil field in the continental United States. Early wells in the
deposit produced up to 20,000 BOPD (barrels oil per day) without the use of
pumps. After more than 70 years, the East Texas field is still the largest
producing field in North America. There are over 5,000 wells still producing
with some flowing naturally on their own. Over 6 billion barrels of oil have
been produced from the Woodbine sands and remaining reserves are estimated close
to one billion barrels of recoverable oil.





Our
Properties and Lease





In December 2005, the Company’s
former parent leased acreage of 957 gross acres in Rusk County Texas in the
Woodbine Oil Field which leased area contains 173 existing
wells.  Engineering reports show that reserves in the leased field are
estimated to be over 12 million barrels. The leased acres were assigned to Eagle
Oil Company prior to our acquisition.





Current
and Planned Operations





Our leased oil field contains 173
existing wells each of which requires reconditioning prior to being able to
return to oil production.  The initial phase of the Company's plan of
operation involves re-conditioning and testing wells on the leased acreage to
prove reserves, completing promising test wells, extracting the oil, gas and
other hydrocarbons that the Company finds, and delivering them to market. The
Company believes that this acreage is sufficient for the Company's initial phase
of operations, which consists of between 20 and 40 wells. If the initial phase
of the Company's plan of operation is fully implemented, the Company will
continue to test and complete additional wells over the next two
years.  Currently, the Company is ready to commence production at its
first four reconditioned wells.




3




The Company has entered into
agreements with Hohle Oil Services Co Inc., and Hohle Energy Services Inc, both
related parties, engaging both companies to act as the operators of the
Company's wells.  For future wells, the Company may use the services
of Hohle or other qualified operators.  Although the Company presently
does not intend to seek status as a licensed operator, if in the future the
Company believes that seeking licensed operator status is appropriate and the
Company has adequate staff available to it, the Company may decide to operate
its own wells.





Proven
Reserves





A report prepared by TEC Engineering,
the Company’s leased oil field had as of July 31, 2009, net reserves of
12,583,300 barrels of oil with a future net revenue of $553,791,000, using an
oil price for computing the preceding revenue figures for West Texas
Intermediate posted price of $60.00 per barrel, adjusted for quality,
transportation fees, and a regional price differential.





Markets
and Marketing





The
Company does not expect to refine any of its production, although the Company
may have to process some of its production to transport it or to meet the
purchasing company's quality standards. Production from the Company's properties
is marketed consistent with industry practices. The availability of a ready
market for the Company's production depends upon a number of factors beyond the
Company's control, including the availability of other domestic production,
price, crude oil imports, the proximity and capacity of oil and gas pipelines,
and general fluctuations in supply and demand. The Company does not anticipate
any unusual difficulty in contracting to sell its production of oil and gas to
purchasers and end-users at prevailing market prices and under arrangements that
are usual and customary in the industry.





Sales prices for oil and gas
production are negotiated based on factors normally considered in the industry,
such as the spot price for gas or the posted price for oil, price regulations,
regional price variations, distance from the well to the pipeline, well
pressure, estimated reserves, commodity quality and prevailing supply
conditions. Historically, prices of crude oil and natural gas market have
experienced high volatility. The Company's revenues, profitability and future
growth will depend substantially on prevailing prices for crude oil and natural
gas. Decreases in the prices of oil and gas would likely adversely affect the
carrying value of any proved reserves Company is successful in establishing and
the Company's prospects, revenues, profitability and cash flow.





Competition





We operate in a highly competitive
environment. The principal resources necessary for the exploration and
production of natural gas and crude oil are leasehold prospects under which
natural gas and crude oil reserves may be discovered, drilling rigs and related
equipment to explore for such reserves and knowledgeable personnel to conduct
all phases of natural gas and crude oil operations. We must compete for such
resources with both major natural gas and crude oil companies and independent
operators. Many of these competitors have financial and other resources
substantially greater than ours. Although we believe our current operating and
financial resources are adequate to preclude any significant disruption of our
operations in the immediate future, we cannot assure you that such materials and
resources will be available to us.




4




Employees





As of
April 30, 2009, the Company has one full-time employee.  We employ
contractors as necessary for our field operations in our oil field.





The
future success of the Company will depend in part on our continued ability to
attract, integrate, retain and motivate highly qualified technical and
managerial personnel, and upon the continued service of our senior management
personnel. The competition for qualified personnel in our industry and
geographical location is intense, and there can be no assurance that we will be
successful in attracting, integrating, retaining and motivating a sufficient
number of qualified personnel to conduct our business in the
future.  The Company has never had a work stoppage, and no employees
are represented under collective bargaining agreements. We consider our
relations with our employees to be good.





Governmental
Regulation





General





Our business is affected by numerous
laws and regulations, including energy, environmental, conservation, tax and
other laws and regulations relating to the energy industry. Most of our drilling
operations will require permit or authorizations from federal, state or local
agencies. Changes in any of these laws and regulations or the denial or vacating
of permits could have a material adverse effect on our business. In view of the
many uncertainties with respect to current and future laws and regulations,
including their applicability to us, we cannot predict the overall effect of
such laws and regulations on our future operations.





We believe that our operations comply
in all material respects with applicable laws and regulations. There are no
pending or threatened enforcement actions related to any such laws or
regulations. We further believe that the existence and enforcement of such laws
and regulations will have no more restrictive an effect on our operations than
on other similar companies in the energy industry.





Proposals and proceedings that might
affect the oil and gas industry are pending before Congress, the Federal Energy
Regulatory Commission (“FERC”), state legislatures and commissions and the
courts. We cannot predict when or whether any such proposals may become
effective. In the past, the oil and natural gas industry has been heavily
regulated. There is no assurance that the regulatory approach currently pursued
by various agencies will continue indefinitely. Notwithstanding the foregoing,
we do not anticipate that compliance with existing federal, state and local
laws, rules and regulations will have a material adverse effect upon our capital
expenditures, earnings, or competitive position.




5




State
Regulation





Our operations are also subject to
regulation at the state and in some cases, county, municipal and local
governmental levels. Such regulation includes requiring permits for the drilling
of wells, maintaining bonding requirements in order to drill or operate wells
and regulating the location of wells, the method of drilling and casing wells,
the surface use and restoration of properties upon which wells are drilled, the
plugging and abandonment of wells, and the disposal of fluids used and produced
in connection with operations. Our operations are also subject to various
conservation laws and regulations pertaining to the size of drilling and spacing
units or proration units and the unitization or pooling of oil and gas
properties.





State regulation of gathering
facilities generally includes various safety, environmental and, in some
circumstances, nondiscriminatory take requirements, but, does not generally
entail rate regulation. These regulatory burdens may affect profitability, but
we are unable to predict the future cost or impact of complying with such
regulations.




Environmental
Matters





Our operations are subject to
numerous federal, state and local laws and regulations controlling the
generation, use, storage, and discharge of materials into the environment or
otherwise relating to the protection of the environment.





These laws and regulations may
require the acquisition of a permit or other authorization before construction
or drilling commences; restrict the types, quantities, and concentrations of
various substances that can be released into the environment in connection with
drilling, production, and natural gas processing activities; suspend, limit or
prohibit construction, drilling and other activities in certain lands lying
within wilderness, wetlands, and other protected areas; require remedial
measures to mitigate pollution from historical and on-going operations such as
use of pits and plugging of abandoned wells; restrict injection of liquids into
subsurface strata that may contaminate groundwater; and impose substantial
liabilities for pollution resulting from our operations. Environmental permits
required for our operations may be subject to revocation, modification, and
renewal by issuing authorities. Governmental authorities have the power to
enforce compliance with their regulations and permits, and violations are
subject to injunction, civil fines, and even criminal penalties. We believe that
we are in substantial compliance with current environmental laws and
regulations, and that we will not be required to make material capital
expenditures to comply with existing laws.





Nevertheless, changes in existing
environmental laws and regulations or interpretations thereof could have a
significant impact on us as well as the natural gas and crude oil industry in
general, and thus we are unable to predict the ultimate cost and effects of
future changes in environmental laws and regulations.





We are not currently involved in any
administrative, judicial or legal proceedings arising under domestic or foreign
federal, state, or local environmental protection laws and regulations, or under
federal or state common law, which would have a material adverse effect on our
consolidated financial position or results of operations. Moreover, we maintain
insurance against costs of clean-up operations, but we are not
fully insured against all such risks. A serious incident of
pollution may result in the suspension or cessation of operations in the
affected area.




6




Oil
Pollution Act of 1990





United States federal regulations also
require certain owners and operators of facilities that store or otherwise
handle crude oil, such as us, to prepare and implement spill prevention, control
and countermeasure plans and spill response plans relating to possible discharge
of crude oil into surface waters. The federal Oil Pollution Act ("OPA") contains
numerous requirements relating to prevention of, reporting of, and response to
crude oil spills into waters of the United States. For facilities that may
affect state waters, OPA requires an operator to demonstrate $10 million in
financial responsibility. State laws mandate crude oil cleanup programs with
respect to contaminated soil. A failure to comply with OPA's requirements or
inadequate cooperation during a spill response action may subject a responsible
party to civil or criminal enforcement actions. We are not aware of any action
or event that would subject us to liability under OPA, and we believe that
compliance with OPA's financial responsibility and other operating requirements
will not have a material adverse effect on us.





U.S.
Environmental Protection Agency





U.S. Environmental Protection Agency
regulations address the disposal of crude oil and natural gas operational wastes
under three federal acts more fully discussed in the paragraphs that follow. The
Resource Conservation and Recovery Act of 1976, as amended ("RCRA"), provides a
framework for the safe disposal of discarded materials and the management of
solid and hazardous wastes. The direct disposal of operational wastes
into offshore waters is also limited under the authority of the Clean Water Act.
When injected underground, crude oil and natural gas wastes are regulated by the
Underground Injection Control program under the Safe Drinking Water Act. If
wastes are classified as hazardous, they must be properly transported, using a
uniform hazardous waste manifest, documented, and disposed of at an
approved hazardous waste facility. We have coverage under the applicable Clean
Water Act permitting requirements for discharges associated with exploration and
development activities.





Resource
Conservation Recovery Act





RCRA is the principal federal statute
governing the treatment, storage and disposal of hazardous wastes. RCRA imposes
stringent operating requirements, and liability for failure to meet such
requirements, on a person who is either a "generator" or "transporter" of
hazardous waste or an "owner" or "operator" of a hazardous waste treatment,
storage or disposal facility. At present, RCRA includes a statutory exemption
that allows most crude oil and natural gas exploration and
production waste to be classified as nonhazardous waste. A similar
exemption is contained in many of the state counterparts to RCRA. As a result,
we are not required to comply with a substantial portion of RCRA's requirements
because our operations generate minimal quantities of hazardous wastes. At
various times in the past, proposals have been made to amend RCRA to rescind the
exemption that excludes crude oil and natural gas exploration and production
wastes from regulation as hazardous waste. Repeal or modification of the
exemption by administrative, legislative or judicial process, or modification of
similar exemptions in applicable state statutes, would increase the volume of
hazardous waste we are required to manage and dispose of and would cause us to
incur increased operating expenses.




7




Clean
Water Act





The Clean Water Act imposes
restrictions and controls on the discharge of produced waters and other wastes
into navigable waters. Permits must be obtained to discharge pollutants into
state and federal waters and to conduct construction activities in waters and
wetlands. Certain state regulations and the general permits issued under the
Federal National Pollutant Discharge Elimination System program prohibit the
discharge of produced waters and sand, drilling fluids, drill cuttings and
certain other related to the crude oil and natural gas industry into certain
coastal and offshore waters. Further, the Environmental Protection Agency has
adopted regulations requiring certain crude oil and natural gas exploration and
production facilities to obtain permits for storm water discharges. Costs may be
associated with the treatment of wastewater or developing and implementing storm
water pollution prevention plans. The Clean Water Act and comparable state
statutes provide for civil, criminal and administrative penalties for
unauthorized discharges for crude oil and other pollutants and impose liability
on parties responsible for those discharges for the costs of cleaning up any
environmental damage caused by the release and for natural resource damages
resulting from the release. We believe that our operations comply in all
material respects with the requirements of the Clean Water Act and state
statutes enacted to control water pollution.





Safe
Drinking Water Act





Underground injection is the subsurface
placement of fluid through a well, such as the reinjection of brine produced and
separated from crude oil and natural gas production. The Safe Drinking Water Act
of 1974, as amended establishes a regulatory framework for underground
injection, with the main goal being the protection of usable aquifers. The
primary objective of injection well operating requirements is to ensure the
mechanical integrity of the injection apparatus and to prevent migration of
fluids from the injection zone into underground sources of drinking water.
Hazardous-waste injection well operations are strictly controlled, and certain
wastes, absent an exemption, cannot be injected into underground injection
control wells. In Texas, no underground injection may take place except as
authorized by permit or rule. We currently own and operate various underground
injection wells. Failure to abide by our permits could subject us to civil
and/or criminal enforcement. We believe that we are in compliance in all
material respects with the requirements of applicable state underground
injection control programs and our permits.




Air
Pollution Control





The Clean Air Act and state air
pollution laws adopted to fulfill its mandate provide a framework for national,
state and local efforts to protect air quality. Our operations utilize equipment
that emits air pollutants which may be subject to federal and state air
pollution control laws. These laws require utilization of air emissions
abatement equipment to achieve prescribed emissions limitations and ambient air
quality standards, as well as operating permits for existing equipment and
construction permits for new and modified equipment. We believe that we are in
compliance in all material respects with the requirements of applicable federal
and state air pollution control laws.




8




Naturally
Occurring Radioactive Materials ("NORM")





NORM are materials not covered by the
Atomic Energy Act, whose radioactivity is enhanced by technological processing
such as mineral extraction or processing through exploration and production
conducted by the crude oil and natural gas industry. NORM wastes are regulated
under the RCRA framework, but primary responsibility for NORM regulation has
been a state function. Standards have been developed for worker protection;
treatment, storage and disposal of NORM waste; management of waste piles,
containers and tanks; and limitations upon the release of NORM contaminated land
for unrestricted use. We believe that our operations are in material compliance
with all applicable NORM standards established by the State of
Texas.





Item
      1A.
            Risk
      Factors.




Not applicable for smaller reporting
companies.





Item
      1B.
            Unresolved
      Staff Comments.




None.




Item
      2.
            Properties.




Our principal executive offices are
located at 50 W. Liberty, Suite 880, Reno, NV 89501.  The principal
executive office occupies 1,800 square feet at a monthly rent of
$1,800.  The lease for our offices expires 2011.  Our
executive offices are sufficient for our current and planned
operations.





Our field
operations are conducted out of our Texas office located at 6144 County Rd 476,
Price, TX 75687.





Our oil and gas assets are located in
Rusk County, Texas.  As of April 30, 2009, we held leases on
approximately 957 gross acres. We have 78% working interest in the
acreage.





Item
      3.
            Legal
      Proceedings.





We are not currently subject to any
legal proceedings. .





Item
      4.
            Submission
      of Matters to a Vote of Security
Holders.





None.




9




PART
II




Item
      5.
            Market
      for Registrant’s Common Equity, Related Stockholder Matters and Issuer
      Purchases ofEquity
      Securities.




Our
Common Stock is listed for quotation on the Over-the-Counter Bulletin Board
under the symbol “EGOH.”  During the last two fiscal years ended April
30, 2007 and April 30, 2008, there was no active trading in our
stock.





Holders





As of
April 30, 2009, there were approximately 150 stockholders beneficial
stockholders of our Common Stock.





Dividend
Policy





We have
never paid cash dividends on our Common Stock.  Payment of dividends is
within the discretion of board of directors and will depend upon our earnings,
capital requirements and operating and our future financial
condition.





Sales
of Unregistered Securities for the year ended April 30, 2009.





On April 30, 2009, the Company issued
28,650,000  newly issued shares of the Company’s Common Stock to Eagle
Environmental Technologies Ltd. as consideration for the Company’s acquisition
of Eagle Oil Holding Company.  This transaction was not registered
under the Act in reliance on the exemption from registration in Section 4(2) of
the Act, as a transaction not involving any public offering.  These
securities were issued as restricted securities and the certificates were
stamped with restrictive legends to prevent any resale without registration
under the Act or in compliance with an exemption.





Purchases
of Equity Securities.





During
the year ended April 30, 2009, we did not purchase any of our equity securities,
nor did any person or entity purchase any equity securities on our
behalf.





Item
      6.
            Selected
      Financial Data.




Not
Applicable.




Item
      7.
            Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations.




The
following Management’s Discussion and Analysis and Results of Operations
contains forward-looking statements.  Forward-looking statements reflect
management’s current expectations and are inherently uncertain.  Our actual
results may differ significantly from management’s expectations.




10




RESULTS
OF OPERATIONS





The
following discussion and analysis should be read in conjunction with our audited
financial statements which are included herein.  This discussion should not
be construed to imply that the results discussed herein will necessarily
continue into the future, or that any conclusion reached herein will necessarily
be indicative of actual operating results in the future.  Such discussions
represent only the best present assessment of our management.





Overview





As of April 30, 2009, the Company had
total assets of $2,840,456 consisting of $1,375,000 in net oil and gas rights
and $1,465,456 in drilling and field equipment.  Since inception the
Company has only had nominal operations and has total current liabilities of
$377,700.





The Company believes that this
acreage is sufficient for the Company's initial phase of operations, which
consists of between 20 and 40 wells, the first four of which are ready for
production to recommence.  If the initial phase of the Company's plan
of operation is fully implemented, the Company will continue to test and
complete additional wells over the next two years.





Expenses





Our expenses for the year ended April
30, 2009 were comprised only of professional fees totaling $37,000 and
depreciation expense which was $6,967.  As our oil production
recommences, we expect our expenses to increase and to include the cost of field
contractors and oil field operating expenses.





Liquidity
and Capital Resources





Our capital requirements are dependent
on several factors and are primarily related to our oil production development
expenses and our existing debt. We believe that cash to be generated by
operations will be sufficient to meet our anticipated cash for the next 12
months.  If we are unable to commence oil production and sell our
products over the next 12 months, our cash generated from operations will likely
not be sufficient to fund operations. If cash generated from operations is
insufficient to satisfy our liquidity requirements, we may seek to sell
additional equity or debt securities or obtain a credit facility.  The
sale of additional equity or convertible debt securities could result in
additional dilution to our stockholders. The incurrence of indebtedness would
result in an increase in our fixed obligations and could result in borrowing
covenants that would restrict our operations. There can be no assurance that
financing will be available in amounts or on terms acceptable to us, if at all.
If financing is not available when required or is not available on acceptable
terms, we may be unable to continue to grow our business. In addition, we may be
unable to take advantage of business opportunities or respond to competitive
pressures. Any of these events could have a material and adverse effect on our
business, results of operations and financial condition.




11




Critical
Accounting Policies and Estimates




Our discussion and analysis of its
financial condition and results of operations are based upon its financial
statements, which have been prepared in accordance with accounting principles
generally accepted in the United States.  The preparation of these
financial statements requires us to make estimates and judgments that affect the
reported amounts of assets, liabilities, revenues and expenses, and related
disclosure of contingent assets and liabilities.  On an on-going
basis, we evaluate our estimates, including those related to bad debts, income
taxes and contingencies and litigation.  We base our estimates on
historical experience and on various other assumptions that are believed to be
reasonable under the circumstances, the results of which form the basis for
making judgments about carrying values of assets and liabilities that are not
readily apparent from other sources.  Actual results may differ from
these estimates under different assumptions or conditions.




Off-Balance
Sheet Arrangements




We do not currently have any
off-balance sheet arrangements as defined in Item 303(c)(2) of
Regulation S-K.





Risks
and Uncertainties





Our
business is subject to the effects of general economic conditions, and in
particular the market price for crude oil.





Other
risks and uncertainties for the Company include, but are not limited
to:





O     Adverse
changes in general economic conditions including the price of oil


O     The
Company might not be able to fund our working capital needs from cash
flows


O     Increased
competition


O     Environment
issues





The
Company may experience material fluctuations in future revenues and operating
results on a quarterly or annual basis resulting from a number of factors,
including but not limited to the risks discussed above.





The
preceding statements under "Management's Discussion and Analysis of Financial
Condition and Results of Operations" which are not historical facts are
forward-looking statements. These forward-looking statements involve risks and
uncertainties that could render them materially different, including, but not
limited to, the risk that new products and product upgrades may not be available
on a timely basis, the risk that such products and upgrades may not achieve
market acceptance, the risk that competitors will develop similar products and
reach the market first, and the risk that we would not be able to fund its
working capital needs from cash flow.




Forward-Looking
Statements




The statement made above relating to
the adequacy of our working capital is a forward-looking statement within the
meaning of the Private Securities Litigation Reform Act of 1995. The statements
that express the “belief,” “anticipation,” “plans,” “expectations,” “will” and
similar expressions are intended to identify forward-looking
statements.




12




The results anticipated by any or all
of these forward-looking statements might not occur. Important factors,
uncertainties and risks that may cause actual results to differ materially from
these forward-looking statements include matters relating to the business and
financial condition of any company we acquire. We undertake no obligation to
publicly update or revise any forward-looking statements, whether as the result
of new information, future events or otherwise.





Item
      7A.
            Quantitative
      and Qualitative Disclosures About Market
Risk.




Not Applicable




13




Item
      8.
              Financial
      Statements and Supplementary
Data.




Report
of Independent Registered Public Accounting Firm





To the
Board of Directors


Eagle Oil
Holding Company, Inc. (An exploration company)


Reno,
Nevada





We have
audited the accompanying balance sheet of Eagle Oil Company, Inc. (An
exploration company) as of April 30, 2009, and the related statement of
operations, stockholders’ equity and cash flows for the period March 31, 2009
(date of inception) through April 30, 2009. These financial statements are the
responsibility of the Company’s management. Our responsibility is to express an
opinion on these financial statements based on our audit.





We
conducted our audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting. Our audit included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company’s internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing   the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion.





In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of The Company as of April 30, 2009
and the results of its operations and cash flows for the period March 31, 2009
(date of inception) through April 30, 2009, in conformity with U.S. generally
accepted accounting principles.





The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern. As discussed in Note 1 to the financial
statements, the Company has no material revenues, from operations that raise
substantial doubt about its ability to continue as a going concern. Management’s
plans in regard to these matters are also described in Note 1. The financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.





/s/
Liebman Goldberg & Hymowitz LLP





Liebman
Goldberg & Hymowitz LLP


Garden
City, New York





August
19, 2009




14




Eagle
Oil Holding Company, Inc.
 (An
Exploration Stage Company)
 Balance
Sheet
 April
30, 2009
 
 AssetsOil
      and gas rights, at cost
                      
                      $
                      1,375,000Property
      and equipment, net
                      
                      
                      1,465,456Total
      assets
                      
                      $
                      2,840,456Liabilities
      and Stockholder's EquityCurrent liabilities:Accrued
      expenses
                      
                      $
                      37,700Notes
      payable - related party
                      
                      
                      340,000Total
      liabilities
                      
                      
                      377,700Stockholder's equity:Common
      stock, $.001 par value 300,000,000 shares authorized, 32,821,580
      shares issued and outstanding
                      
                      
                      32,822Additional
      paid in capital
                      
                      
                      2,474,601Accumulated
      deficit
                      
                      
                      (44,667
                      )Total
      stockholder's equity
                      
                      
                      2,462,756Total
      liabilities and stockholder's equity
                      
                      $
                      2,840,456
 
 See
accompanying Notes to Financial Statement
  15
  Eagle
Oil Holding Company, Inc.
 (An
Exploration Stage Company)
 Statement
of Operations
 For
the period March 31, 2009 (date of inception) through April 30,
2009
 
 RevenuesOil
      sales
                          
                          $
                          -Cost of goods sold
                          
                          
                          -Gross
      income
                          
                          
                          -General and administrative
      expensesDepreciation
      expense
                          
                          
                          6,967Professional
      fees
                          
                          
                          37,700Loss
      from operations
                          
                          
                          (44,667
                          )Provision for income taxes
                          
                          
                          -Net
      loss
                          
                          $
                          (44,667
                          )Net
      loss per share - basic
                          
                          $
                          (0.04
                          )Net
      loss per share - diluted
                          
                          $
                          (0.03
                          )Weighted
      average number of shares - basic
                          
                          
                          1,095,053Weighted
      average number of shares - diluted
                          
                          
                          1,321,719
  See
accompanying Notes to Financial Statement
  16
  Eagle
Oil Holding Company, Inc.
 (An
Exploration Stage Company)
 Statement
of Cash Flows
 For
the period March 31, 2009 (date of inception) through April 30,
2009
 
 Cash flows from operating
      activities:Net
      loss
                                
                                $
                                (44,667
                                )Adjustments
      to reconcile net loss to net cashprovided
      by operating activities:Depreciation
                                
                                
                                6,967Changes
      in current assets and liabilities:Accrued
      expenses
                                
                                
                                37,700Net
      cash provided by operating activities
                                
                                
                                
                                
                                
                                $
                                -Cash, March 31, 2009
                                
                                
                                
                                
                                
                                
                                -Cash, April 30, 2009
                                
                                
                                
                                
                                
                                $
                                -Supplemental
      Disclosure of Cash Flow InformationCash
      paid for interest
                                
                                
                                
                                
                                
                                $
                                -Cash
      paid for income taxes
                                
                                
                                
                                
                                
                                $
                                -Schedule
      of Noncash Investing and Financing ActivitiesAcquisition
      of oil and gas rights
                                
                                
                                
                                
                                
                                $
                                1,375,000Acquisition
      of drilling and field equipment
                                
                                
                                
                                
                                
                                
                                1,472,423Issuance
      of common stock
                                
                                
                                
                                
                                
                                
                                (2,847,423
                                )Cash
      paid for equipment
                                
                                
                                
                                
                                
                                $
                                -
  See
accompanying Notes to Financial Statement
  17
  Eagle
Oil Holding Company, Inc.
 (An
Exploration Stage Company)
 Statement
of Changes in Stockholder's Equity
 For
the period March 31, 2009 (date of inception) through April 30,
2009
 
 Additional
                    
                    
                    
                    
                    
                    TotalCommon Stock
                    
                    
                    Paid-In
                    
                    
                    Accumulated
                    
                    
                    Stockholder'sShares
                    
                    
                    Amount
                    
                    
                    Capital
                    
                    
                    Deficit
                    
                    
                    EquityBalance
      at March 31, 2009
                    
                    
                    31,450,000
                    
                    
                    $
                    31,450
                    
                    
                    $
                    323,778
                    
                    
                    $
                    -
                    
                    
                    $
                    355,228Surrender
      of stock pursuant with reverse-merger acquisition with Ford-Spoleti
      Holdings, Inc. on April 30, 2009
                    
                    
                    (27,278,420
                    )
                    
                    
                    (27,278
                    )
                    
                    
                    -
                    
                    
                    
                    -
                    
                    
                    
                    (27,278
                    )Common
      stock issued for the acquisition of oil and gas rights and drilling and
      field equipment
                    
                    
                    28,650,000
                    
                    
                    
                    28,650
                    
                    
                    
                    2,818,773
                    
                    
                    
                    -
                    
                    
                    
                    2,847,423Net
      loss
                    
                    
                    -
                    
                    
                    
                    -
                    
                    
                    
                    -
                    
                    
                    
                    (44,667
                    )
                    
                    
                    (44,667
                    )Recapitalization
      pursuant with reverse-merger acquisition with Ford-Spoleti Holdings, Inc.
      on April 30, 2009
                    
                    
                    -
                    
                    
                    
                    -
                    
                    
                    
                    (667,950
                    )
                    
                    
                    -
                    
                    
                    
                    (667,950
                    )Balance
      at April 30, 2009
                    
                    
                    32,821,580
                    
                    
                    $
                    32,822
                    
                    
                    $
                    2,474,601
                    
                    
                    $
                    (44,667
                    )
                    
                    $
                    2,462,756
 
 See
accompanying Notes to Financial Statements
  18
  Eagle
Oil Holding Company, Inc.
 (An
Exploration Stage Company)
 Notes
to the Financial Statements
 For
the period March 31 (date of inception) through April 30, 2009
  Note1:
              Summary
      of Significant Accounting Policies:
  The
following items comprise the significant accounting policies of Eagle Oil
Holding Company (the Company). The policies reflect industry practices and
conform to generally accepted accounting principles.
  Organization:
  The
Company was incorporated in the State of Nevada on March 31, 2009.
  The
Company was formed in Nevada in 2004 and was initially engaged in acquiring,
developing, operating and selling real estate on Long Island, in New York State.
 On April 30, 2009, pursuant to the terms of a Stock Purchase Agreement
between the Company and Eagle Environmental Technologies, Ltd., the Company
acquired Eagle Oil Company, a Nevada corporation, in exchange for the issuance
of 28,500,000 newly issued shares of the Company's common stock (the
“Acquisition”) resulting in Eagle Oil Company becoming a wholly-owned subsidiary
of the Company.  Eagle Oil Company was subsequently merged into the Company
and the Company changed its name to Eagle Oil Holding Company, Inc.
  This
transaction is reflected as a recapitalization, and is accounted for as a change
in capital structure.  Accordingly, the accounting for the acquisition is
identical to that resulting from a reverse acquisition. Under reverse
acquisition accounting, the comparative historical financial statements of the
Company as the legal acquirer, are those of the accounting acquirer, Eagle Oil
Company.  The accompanying financial statements reflect the
recapitalization of the stockholders' equity as if the transactions occurred as
of the beginning of the first period presented.  Thus, the shares of common
stock issued to the former Eagle Oil Company stockholders are deemed to be
outstanding for all periods reported prior to the date of the reverse
acquisition.
  Nature of
Activities:
  The
Company was incorporated to engage in the acquisition and development of oil
fields and sale of oil products.
  Exploration
Stage:
  The
Company is in the exploration stage and has realized no revenue to date.
Accordingly, the operation of the Company is presented as those of an
exploration stage enterprise, from its inception (March 31, 2009) as prescribed
by Statement of Financial Accounting Standards ("SFAS") No. 7, “Accounting and
Reporting by Development Stage Enterprises”.
 
 Use of
Estimates:
  The
preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect certain reported amounts and disclosures. Accordingly, actual results
could differ from those estimates.
  19
  Eagle
Oil Holding Company, Inc.
 (An
Exploration Stage Company)
 Notes
to the Financial Statements
 For
the period March 31, 2009 (date of inception) through April 30,
2009
 
 Note
1: Summary of Significant Accounting Policies, Continued:
 
 Oil and Gas
Rights
 
 Investments
in oil and gas properties are accounted for using the successful-efforts method
of accounting. Under the successful-efforts method, costs such as geological and
geophysical, exploratory dry holes and delay rentals are expensed as incurred.
The successful-efforts method follows the guidance provided in Statement of
Financial Accounting Standards ("SFAS") No. 144, Accounting for the Impairment or
Disposal of
  Long-Lived Assets, where the
first measurement for impairment is to compare the net book value of the related
asset to undiscounted cash flows using commodity prices consistent with
management expectations.
  All
drilling and completion costs that directly lead to the extraction and
production of oil and gas reserves and all development dry holes are
capitalized. Capitalized costs are accumulated by cost centers. For amortization
purposes, the cost center is the individual property or an aggregation of
properties in the same field or reservoir. The Company has one cost center, the
Siler lease property located in East Texas.
  Under the
successful-efforts method, Costs associated with the capitalization of leases
are capitalized as incurred. These consist of costs incurred in obtaining a
mineral interest in a property, such as the costs of lease bonuses and options
to lease, brokers' fees, recording fees, legal cost, and other similar costs in
acquiring property interests.
  Oil and
gas properties are amortized using the units-of-production method using
estimates of proved reserve quantities.
 
 Fair Value of Financial
Instruments:
  Statement
of Financial Accounting Standards ("SFAS") No. 107 “Disclosures about Fair Value
of Financial Instruments” requires disclosures of the fair value information
whether or not recognized in the balance sheet where it is practicable to
estimate that value. The carrying value of oil and gas rights and accrued
expenses approximate fair value.
  20
  Eagle
Oil Holding Company, Inc.
 (An
Exploration Stage Company)
 Notes
to the Financial Statements
 For
the period March 31, 2009 (date of inception) through April 30,
2009
 
 Note
1: Summary
of Significant Accounting Policies, Continued:
 
 Property and
Equipment:
 
 Property
and equipment, carried at cost, are depreciated over the estimated useful lives
of the related assets. Depreciation is computed substantially on the
straight-line method for financial statement purposes and accelerated methods
for income tax reporting purposes. Estimated useful lives are as
follows:
 
 LifeDrilling
      and field equipment
                  5
      -30 years
 
 Income
Taxes:
 
 Income
taxes are provided for the tax effects of transactions reported in the financial
statements and consist of taxes currently due plus deferred taxes. Deferred
taxes are recognized for differences between the bases of assets and liabilities
for financial statement and income tax purposes. These differences relate
primarily to the difference between the bases of long-term contracts and
depreciable assets. The deferred tax assets and liabilities represent the future
tax return consequences of those differences, which will either be taxable or
deductible when the assets and liabilities are recovered or settled. Deferred
taxes also are recognized for operating losses and tax credits that are
available to offset future taxable income and income taxes.
 
 Going
Concern:
 
 The
Company is a developmental stage company that incurred a net loss for the year.
These conditions raise substantial doubt as to the Company’s ability to continue
as a going concern. These financial statements do not include any adjustments
that might be necessary if the Company were unable to continue as a going
concern. The continued existence of the Company is dependent upon the ability to
obtain additional capital and/or debt financing needed to repay the current
obligations of the Company and its subsidiaries. There is no assurance that the
Company will be able to obtain such capital or enough financing to provide the
necessary cash flow needed to fund the Company’s operations.
  21
  Eagle
Oil Holding Company, Inc.
 (An
Exploration Stage Company)
 Notes
to the Financial Statements
 For
the period March 31, 2009 (date of inception) through April 30,
2009
 
 Note
1: Summary
of Significant Accounting Policies, Continued:
 
 Loss per Common
Share:
 
 The
Company adopted Financial Standards Board (FASB) Statement No. 128, "Earnings
per Share". The statement established standards for computing and presenting
earnings per share (“EPS”). It replaced the presentation of primary EPS with a
basic EPS and also requires dual presentation of basic and diluted EPS on the
face of the income statement. Basic loss per share was computed by dividing the
net loss by the weighted average number of common shares outstanding during the
period. The weighted average number of common shares used to calculate basic and
diluted loss per common share for the period March 31, 2009 (date of
inception) through April 30, 2009 was 1,095,053 and 1,321,719,
respectively.
  Uncertain Tax
Positions
 
 In June
2006, the FASB released FASB Interpretation [FIN] No. 48, Accounting for
Uncertainty in Income Taxes.  FIN 48 interprets the guidance in FASB
Statement of Financial Accounting Standards [SFAS] No. 109, Accounting for
Income Taxes.  When FIN 48 is implemented, reporting entities utilize
different recognition thresholds and measurement requirements when compared to
prior technical literature.  On December 30, 2008, the FASB Staff issued
FASB Staff Position [FSP] FIN 48-3, Effective Date of FASB Interpretation No. 48
for Certain Nonpublic Enterprises.  As deferred by the guidance in FSP FIN
48-3, the Company is not required to implement the provisions of FIN 48 until
fiscal years beginning after December 15, 2008.
  Since the
provisions of FIN 48 have not been implemented in accounting for uncertain tax
positions, the Company continues to utilize its prior policy of accounting for
these positions, following the guidance in SFAS No. 5, Accounting for
Contingencies.  Disclosure is not required of a loss contingency involving
an unasserted claim or assessment when there has been no manifestation by a
potential claimant of an awareness of a possible claim or assessment unless it
is considered probable that a claim will be asserted and there is a reasonable
possibility that the outcome will be unfavorable.  Using that guidance, as
of April 30, 2009, the Company has no uncertain tax positions that qualify for
either recognition or disclosure in the financial
statements.
  22
  Eagle
Oil Holding Company, Inc.
 (An
Exploration Stage Company)
 Notes
to the Financial Statements
 For
the period March 31, 2009 (date of inception) through April 30,
2009
  Note
2: Property
and Equipment:
  Property
and equipment consist of the following at April 30, 2009:
 
 Drilling
      and field equipment
                        
                        $
                        1,472,423Accumulated
      depreciation
                        
                        
                        (6,967
                        )$
                        1,465,456
 
 Depreciation
for the period March 31 through April 30, 2009 was $6,967.
 
 Note
3: Notes
Payable – Related Party:
  In April
2009, the Company assumed notes payable to a related party for a total of
$340,000. The notes bear interest at a rate of 10% and are due December 31,
2009. The Company expects to pay off the note payable within one year. The notes
payable can be converted to common stock at a conversion price of $.05 per share
on or before May 30, 2009. Subsequent to May 30, 2009 through the maturity of
the note the conversion price is 80% of the average trading price for the twenty
days prior to the election to convert, not to be less than $.20 per
share.
  Note
4: Related
Party Transactions:
  On April
30, 2009, the Company assumed an agreement with Hohle Oil Services Co, Inc., to
operate the oil fields on behalf of the Company. The Company will pay an
operating fee of 5% of revenue on the first 500 barrels per day and 3% on the
revenue thereafter. Hohle Oil Services Co, Inc. is a privately held company that
is wholly owned by the Chief Executive Officer of the Company.
 
 Subsequent
to April 30, 2009 the Company entered into an agreement with Plasma Energy
Processes, Inc., the owner of which is a shareholder of the Company, to rent
commercial office space in Nevada and California. The terms of the lease are
month-to-month and call for base rent in the amount of $1,800 per
month.
 
 Note
5: Income
Tax Expense:
  The tax
effects of temporary differences and carryforwards that give rise to deferred
tax assets consist of the following:
 
 Deferred tax assets:Federal
      and state net operating loss carryovers
                          
                          $
                          16,000Valuation
      allowance
                          
                          
                          (16,000
                          )$
                          -
  23
  Eagle
Oil Holding Company, Inc.
 (An
Exploration Stage Company)
 Notes
to the Financial Statements
 For
the period March 31, 2009 (date of inception) through April 30,
2009
 
 The
Company has established a valuation allowance to reduce its deferred asset to an
amount that will more likely than not be realized. The net change in total
valuation allowance is as follows:
 
 Beginning
      valuation allowance
                      
                      $
                      -Change
      in valuation allowance
                      
                      
                      16,000Ending
      valuation allowance
                      
                      $
                      16,000
 
 Note
6: Commitments:
  As noted
in Note 3, the Company entered into a rental agreement in the amount of $1,800
per month. The terms of the agreement are month to month.
 
 Note
7: Subsequent
Events:
  The
Company received notice on July 1, 2009 from the Texas Railroad Commission to
disconnect the pipeline until testing on a well is certified. Management
believes this issue is normal to the industry and should be corrected without
material effect on the Company’s financial position.
  On or
about May 20, 2009, a total of $110,000 of the Company’s outstanding debt was
converted into a total of 2,200,000 shares of the Company’s common
stock.
  24
  Item
9. Changes in and Disagreements With Accountants on Accounting and
Financial Disclosure.
 
 In July,
2009, Liebman,
Goldberg & Hymowitz, LLP replaced Li & Company, PC, as ourindependent registered public accounting firm. Li & Company, PC
declined to stand for re-election.We have had no disagreements withLi & Company,
PC, our independent registered public accounting firm during our last two
fiscal years.
  Item 9A(T)
              Controls
      and Procedures.
 
 Disclosure
Controls.
 
 We
carried out an evaluation required by Rule 13a-15(b) of the Securities Exchange
Act of 1934 under the supervision and with the participation of our chief
executive officer and chief financial officer of the effectiveness of the design
and operation of our “disclosure controls and procedures” as of the end of the
period covered by this Report.
 
 Disclosure
controls and procedures are designed with the objective of ensuring that
(i) information required to be disclosed in an issuer’s reports filed under
the Securities Exchange Act of 1934 is recorded, processed, summarized and
reported within the time periods specified in the SEC rules and forms and
(ii) information is accumulated and communicated to management, including
our Principal Executive Officer and Principal Financial Officer, as appropriate
to allow timely decisions regarding required disclosures.
 
 The
evaluation of our disclosure controls and procedures included a review of our
objectives and processes and effect on the information generated for use in this
Report. This type of evaluation will be done quarterly so that the conclusions
concerning the effectiveness of these controls can be reported in our periodic
reports filed with the SEC. We intend to maintain these controls as processes
that may be appropriately modified as circumstances warrant.
 
 Following
the Company’s April, 2009 business combination and pursuant to our evaluation,
our new management has commenced a redesign of the Company’s disclosure controls
and procedures and we believe that our disclosure controls and procedures are
being redesigned to provide reasonable assurance of achieving their objectives
in the future. Based upon their evaluation, our chief executive officer and
chief financial officer have concluded that our disclosure controls and
procedures were ineffective in timely alerting him to material information
relating to Eagle Oil Holding Company, Inc. required to be included in our
periodic reports filed with the SEC as of the end of the period covered by this
Report due to the limited resources of the Company as of April 30, 2009.
Pursuant to and following the management transition, the Company is seeking to
remediate its disclosure controls and procedures.
 
 However,
a control system, no matter how well conceived and operated, can provide only
reasonable, not absolute, assurance that the objectives of the control system
are met. Management necessarily applied its judgment in assessing the benefits
of controls relative to their costs. Because of the inherent limitations in all
control systems, no evaluation of controls can provide absolute assurance that
all control issues and instances of fraud, if any, within the company have been
detected. The design of any system of controls is based in part upon certain
assumptions about the likelihood of future events, and there can be no assurance
that any design will succeed in achieving its stated goals under all potential
future conditions, regardless of how remote. Because of the inherent limitations
in a control system, misstatements due to error or fraud may occur and may not
be detected.
  25
 
 Internal
Controls.
 
 Management’s
Report on Internal Control Over Financial Reporting
  Our
management is responsible for establishing and maintaining adequate internal
control over financial reporting, as such term is defined in Exchange Act Rule
13a-15(f).  Under the supervision and with the participation of our
management, consisting of one person who serves as our Principal Executive
Officer and Principal Financial Officer, we conducted an evaluation of the
effectiveness of our internal control over financial reporting as of April 30,
2009, based on the criteria set forth in Internal Control – Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway Commission.
 Based on our evaluation under that criteria, our management concluded that
our internal control over financial reporting were effective as of August 14,
2009. Pursuant to and the following management transition, the Company is
seeking to remediate its internal control over financial reporting.
 
 This
Annual Report does not include an attestation report of our independent
registered public accounting firm regarding internal control over financial
reporting.  We were not required to have, nor have we engaged our
independent registered public accounting firm to perform, an audit on our
internal control over financial reporting pursuant to the rules of the
Securities and Exchange Commission that permit us to provide only management’s
report in this Annual Report.
 
 Changes
in Internal Control Over Financial Reporting
 
 There
were no changes in our internal control over financial reporting during the
fourth quarter of fiscal 2009 that have materially affected, or are reasonably
likely to material affect, our internal control over financial
reporting.
 
 Item
      9B.
              Other
      Information.
  None.
  PART
III
  Item
      10.
              Directors,
      Executive Officers and Corporate
Governance.
  The
following table sets forth the names and positions of our new directors and
executive officers:
 
 Name
              
              Age
              
              PositionBrian
      D. Wilmot
              
              64
              
              CEO,
      DirectorJudith
      A. Wilmot
              
              65
              
              Secretary/Treasurer/DirectorConnie
      Helwig
              
              55
              
              Director,
      President
  26
 
 Brian D.
Wilmot, 64, Chairman/CEO, Director. Mr. Wilmot has over 18 years of experience
as an executive in the oil industry and is the founder and CEO of Eagle
Environmental Technologies Ltd., the former parent company of Eagle Oil, prior
to its acquisition by the Company. Prior to forming Eagle Environmental
Technologies, he was the managing partner in a gold mining operation, as well as
the co-founder of New Central Sierra Bank, which was acquired in 2003 by Western
Sierra Bancorp. He also holds a California Real Estate Broker’s license. Mr.
Wilmot is a graduate of the University of Minnesota.
 
 Judith A.
Wilmot, Secretary/Treasurer/Director. Ms. Wilmot is a co-founder of Eagle
Environmental Technologies Ltd. and co-founder of the New Central Sierra Bank
where she served as Secretary of the corporation. She has additional varied
experience as a teacher and a commercial artist. Ms. Wilmot is married to Brian
Wilmot, our CEO and is a graduate of the University of Minnesota.
 
 Connie
Helwig, President/Director. Ms. Helwig is the founder and CEO of D & H
Vending Services, Inc., a leading full line vending machine company which
operates vending machines at over 50 locations. She received a BA degree in
Criminal Justice from Sacramento State University.
 
 Audit
Committee
 
 We do not
have an audit committee.
 
 Audit
Committee Financial Expert
 
 Not
applicable.
 
 Limitation
of Our Director’s Liability
 
 Our
Articles of Incorporation eliminate the liability of our directors for monetary
damages to the fullest extent possible.  However, our sole director (and
future directors) remains liable for:
  ·
              any
      breach of the director's duty of loyalty to us or our
      stockholders,
 
 ·
              acts
      or omission not in good faith or that involve intentional misconduct or a
      knowing violation of law,
 
 ·
              payments
      of dividends or approval of stock repurchases or redemptions that are
      prohibited by Delaware law, or
 
 ·
              any
      transaction from which the director derives an improper personal
      benefit.
 
 These
provisions do not affect any liability any director may have under federal and
state securities laws.
  27
  Code
of Ethics
 
 On April
30, 2009, the Company adopted a Code of Ethics that applies to our principal
executive officer, principal financial officer, principal accounting officer or
controller, or persons performing similar functions. For purposes of this Item,
the term “Code of Ethics” means written standards that are reasonably designed
to deter wrongdoing and to promote: Honest and ethical conduct, including the
ethical handling of actual or apparent conflicts of interest between personal
and professional relationships; full, fair, accurate, timely, and
understandable disclosure in reports and documents that the issuer files with,
or submits to, the SEC and in other public communications made by the Company;
compliance with applicable governmental laws, rules and regulations; the
prompt internal reporting of violations of the code to the board of directors or
another appropriate person or persons; and, accountability for adherence to the
code. copy of the Code of Ethics can be found as Exhibit 99 to this Form
10-K.
  Item
      11.
              Executive
      Compensation.
  The
Company did not pay any compensation to its executive officers during the last
two fiscal years.
 
 Outstanding
Awards at Fiscal Year End
 
 The
Company had no unexercised options, restricted stock that has not vested, or
equity incentive plans as of April 30, 2009.
 
 Item12.         Security
Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters.
 
 The
following table sets forth, as of August 1, 2009, the ownership of the Company’s
common stock by (i) each of our directors and executive officers; (ii) all of
our executive officers and directors as a group; and (iii) all persons known by
us to beneficially own more than 5% of our common stock. Unless otherwise
indicated in the footnotes to the table, (1) the following individuals have sole
voting and sole investment control with respect to the shares they beneficially
own and (2) the address of each beneficial owner listed below is c/o the
Company.
 
 Name
      and Address of
                          Beneficial Owner
                        
                        Shares
      of
                          Common Stock (1)
                        
                        
                        Percentage
                          Ownership
      of
                          Shares
      of Common
                          Stock (2)Executive
      Officers and DirectorsBrian
      Wilmot(3)
                        
                        
                        -
                        
                        
                        
                        -Judith
      A. Wilmot(3)
                        
                        
                        -
                        
                        
                        
                        -Connie
      Helwig(3)
                        
                        
                        -
                        
                        
                        
                        -All
      Executive Officers and Directors as a group (4 persons)
                        
                        
                        -
                        
                        
                        
                        0
                        %5% StockholdersEagle
      Environmental Technologies Ltd
                        
                        
                        28,650,000
                        
                        
                        
                        90
                        %All
      Executive Officers, Directors and 5% Stockholders as a group (five
      persons)
                        
                        
                        28,650,000
                        
                        
                        
                        90
                        %
  28





(1)  Calculated
pursuant to Rule 13d-3(d) of the Exchange Act. Under Rule 13d-3(d), shares not
outstanding which are subject to options, warrants, rights or conversion
privileges exercisable within 60 days are deemed outstanding for the purpose of
calculating the number and percentage owned by such person, but are not deemed
outstanding for the purpose of calculating the percentage owned by each other
person listed.





(2)  Based
upon 33,500,000 shares of Common Stock issued and outstanding as of August 1,
2009.





(3) Each
of the Directors of the Company is also a Director of Eagle Environmental
Technologies Ltd, our majority stockholder and thus, as a group, our four
Directors indirectly control the Company through their control of Eagle
Environmental Technologies Ltd.




Item 13.
            Certain Relationships and
      Related Transactions, and Director
  Independence.





On April 30, 2009, the Company has
entered into Operations Agreements with Hohle Energy Services, Inc. and Hohle
Oil Services Co., Inc. for services as the operator of the Company’s oil
wells.  Both Hohle Energy Services, Inc. and Hohle Oil Services Co.,
Inc. are owned by Brian Wilmot, the Company’s Chief Executive
Officer.  Both agreements call for services to be provided to the
Company at prevailing industry rates.





Subsequent to April 30, 2009 the
Company entered into an agreement with Plasma Energy Processes, Inc., the owner
of which is a shareholder of the Company, to rent commercial office space in
Nevada and California.  The terms of the lease are month-to-month and
call for base rent in the amount of $1,800 per month.





Item
      14.
            Principal
      Accounting Fees and Services.




Audit
Fees




The fees
billed for professional services rendered by our independent registered public
accounting firm for the audit of our annual financial statements and review of
our financial statements included in our Forms 10-K and 10-Q for the fiscal year
ended April 30, 2009 were$24,000 as compared to
$30,000 for the fiscal year ended April 30, 2008.




Audit-Related
Fees




We did
not incur any audit related fees during the fiscal years ended April 30, 2008 or
2007.




29




Tax
Fees




Our
principal independent registered public accounting firms did not perform any tax
related services for us during the fiscal years ended April 30, 2009 or 2008.




All
Other Fees




Our
independent registered public accounting firm did not perform any other services
for us during the fiscal years ended April 30, 2009 or 2008.  We have
not adopted audit committee pre-approval policies and procedures.




PART
IV




Item
      15.
            Exhibits,
      Financial Statement Schedules.




(a)
            Documents
      filed as part of the report.




(1)
            All
      Financial Statements




Consolidated
Balance Sheets at April 30, 2009 and 2008




Consolidated
Statements of Operations for the year ended April 30, 2009 and 2008




Consolidated
Statement of Changes in Shareholders’ Equity for Years Ended April 30, 2009 and
2008




Consolidated
Statement of Cash Flows for Years Ended April 30, 2009 and 2008




(2)
            Financial
      Statements Schedule




(3)
            Exhibits




Exhibit
                  Number
                
                Description3.1
                
                Articles
      of Incorporation of the Registrant.*3.2
                
                Certificate
      of Amendment to the Articles of Incorporation of the
      Registrant.*3.3
                
                By-Laws
      of Registrant.*4.1
                
                Form
      of Common Stock Certificate *14
                
                Code
      of Ethics21.1
                
                Subsidiaries
      of Registrant31.1
                
                CEO
      certification required under Section 302 of the Sarbanes-Oxley Act of
      200231.2
                
                CFO
      certification required under Section 302 of the Sarbanes-Oxley Act of
      200232.1
                
                CEO
      and CFO certifications required under Section 906 of the Sarbanes-Oxley
      Act of 2002*
                
                Incorporated
      into this Report by reference to the Registrant's Registration Statement
      on Form 10 dated June 13,
2008.




30


SIGNATURES




Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.





Date:
August 21, 2009




EAGLE
      OIL HOLDING COMPANY, INC.By:
                /s/ Brian WilmotBrian
      WilmotPresident
      (Principal Executive Officer and Principal Financial
    Officer)





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





Signature
              
              Title
              
              Date/s/ Brian Wilmot
              
              Director
              
              August
      21, 2009Brian
      Wilmot/s/Judith A.Wilmot
              
              Director
              
              August
      21, 2009Judith
      A. Wilmot/s/Connie
      Helwig
              
              Director
              
              August
      21, 2009Connie
      Helwig


31