**FORM        10-QSB**

**[X]        QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) **

**OF        THE SECURITIES EXCHANGE ACT OF 1934**

**Sun        Oil & Gas Corp.**

**PART        I: FINANCIAL INFORMATION**

**Item        1. Financial Statements. **

***Page          - 1***

----

**SUN        OIL & GAS CORP.**

**(formerly        Gaofeng Gold Corp.)**

|                                                                       | July                  31,  |       | January                  31 |   |       |   |
|----------------------------------------------------------------------------|---------------------------------|------------|-----------------------------|--------|------------|--------|
|  ASSETS                                                               | 2005                            |       | 2005                        |   |       |   |
| CURRENT                  ASSETS                                            |                            |       |                        |   |       |   |
|                                                                       |                            |       |                        |   |       |   |
| Cash                                                                       | $                               | -          |                        | $      | -          |   |
|                                                                       |                            |       |                        |   |       |   |
| TOTAL                  CURRENT ASSETS                                      |                            | -          |                        |   | -          |   |
|                                                                       |                            |       |                        |   |       |   |
| PROPERTY                  & EQUIPMENT, NET                             |                            | -          |                        |   | -          |   |
|                                                                       |                            |       |                        |   |       |   |
| TOTAL                  ASSETS                                              | $                               | -          |                        | $      | -          |   |
|                                                                       |                            |       |                        |   |       |   |
| LIABILITIES                  & STOCKHOLDERS' EQUITY (DIFICIENCY)       |                            |       |                        |   |       |   |
| CURRENT                  LIABILITIES                                       |                            |       |                        |   |       |   |
|                                                                       |                            |       |                        |   |       |   |
| Accounts                  Payable                                          | $                               | 121,903    |                        | $      | 32,302     |   |
| Accrued                  Interest                                          |                            | 1,083      |                        |   | 583        |   |
| Accrued                  Compensation                                      |                            | 130,000    |                        |   | 80,000     |   |
|                                                                       |                            |       |                        |   |       |   |
| TOTAL                  CURRENT LIABILITIES                                 |                            | 252,986    |                        |   | 112,885    |   |
|                                                                       |                            |       |                        |   |       |   |
| LONG                  - TERM LIABILITIES                                   |                            |       |                        |   |       |   |
|                                                                       |                            |       |                        |   |       |   |
| Notes                  Payable                                             |                            | 25,000     |                        |   | 25,000     |   |
|                                                                       |                            |       |                        |   |       |   |
| TOTAL                  LIABILITIES                                         |                            | 277,986    |                        |   | 137,885    |   |
|                                                                       |                            |       |                        |   |       |   |
| STOCKHOLDERS'                  EQUITY (DEFICIENCY)                         |                            |       |                        |   |       |   |
|                                                                       |                            |       |                        |   |       |   |
| Preferred                  Stock, $.001 Par Value; Authorized 10,000,000   |                            |       |                        |   |       |   |
| Shares;                  Issued and Outstanding, 400,000 Shares            |                            | 400        |                        |   | 400        |   |
| Common                  Stock, $.001 Par Value; Authorized 200,000,000     |                            |       |                        |   |       |   |
| Shares;                  Issued and Outstanding, 161,319,942 Shares        |                            |       |                        |   |       |   |
| and                  161,319,942 Shares respectively                       |                            | 161,319    |                        |   | 161,319    |   |
| Additional                  paid-in capital                                |                            | 3,053,736  |                        |   | 3,053,736  |   |
| Retained                  Earnings (Deficit)                               |                            | (3,493,441 | )                           |   | (3,353,340 | )      |
|                                                                       |                            |       |                        |   |       |   |
| Total                  Stockholders' Equity (Deficit)                      |                            | (277,986   | )                           |   | (137,885   | )      |
|                                                                       |                            |       |                        |   |       |   |
| TOTAL                  LIABILITIES & STOCKHOLDERS' EQUITY (DIFICIENCY) | $                               | -          |                        | $      | -          |   |

***Page          - 2***

----

**SUN        OIL & GAS CORP.**

**(formerly        Gaofang Gold)**

|                                          |   |   |                                              |   |   |                                      |   |   |                      | From   |   |
|-----------------------------------------------|--------|--------|---------------------------------------------------|--------|--------|-------------------------------------------|--------|--------|---------------------------|--------|--------|
|                                          |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   | Inception                  on  |   |
|                                          |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   | August                  20,1998   |   |
|                                          |   |   | For                  the Three Months Ended  |   |   | For                  the Six Months Ended |   |   | through                   |   |
|                                          |   |   | July                  31,                    |   |   | July                  31,                 |   |   | July                  31, |   |
|                                          |   |   | 2005                                              |   |   | 2004                                      |   |   | 2005                      |   |   | 2004 |   |   | 2005 |   |
|                                          |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   |   |   |
| Revenues                                      |   | $      | -                                                 |   | $      | -                                         |   | $      | -                         |   | $      | - |   | $ | 179,619 |   |
|                                          |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   |   |   |
| Amortization                                  |   |   | -                                                 |   |   | 500,000                                   |   |   | -                         |   |   | 500,000 |   |   | 954,988 |   |
| General                  and Administrative   |   |   | 114,601                                           |   |   | 28,495                                    |   |   | 139,601                   |   |   | 36,690 |   |   | 2,656,956 |   |
|                                          |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   |   |   |
| Total                  Expenses          |   |   | 114,601                                           |   |   | 528,495                                   |   |   | 139,601                   |   |   | 536,690 |   |   | 3,611,944 |   |
|                                          |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   |   |   |
| Net                  Loss from Operations     |   |   | (114,601                                          | )      |   | (528,495                                  | )      |   | (139,601                  | )      |   | (536,690 | ) |   | (3,432,325 | ) |
|                                          |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   |   |   |
| Other                  Income (Expense)       |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   |   |   |
|                                          |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   |   |   |
| Interest                  Expense        |   |   | (250                                              | )      |   | (83                                       | )      |   | (500                      | )      |   | (83 | ) |   | (61,116 | ) |
|                                          |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   |   |   |
| Total                  Other Income (Expense) |   |   | (250                                              | )      |   | (83                                       | )      |   | (500                      | )      |   | (83 | ) |   | (61,116 | ) |
|                                          |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   |   |   |
| Net                  Income (Loss)            |   | $      | (114,851                                          | )      | $      | (528,578                                  | )      | $      | (140,101                  | )      | $      | (536,773 | ) | $ | (3,493,441 | ) |
|                                          |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   |   |   |
| (Loss)                  per Share             |   | $      | (0.00                                             | )      | $      | (0.01                                     | )      | $      | (0.00                     | )      | $      | (0.01 | ) | $ | (0.07 | ) |
|                                          |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   |   |   |
| Weighted                  Average             |   |   |                                              |   |   |                                      |   |   |                      |   |   |   |   |   |   |   |
| Shares                  Outstanding           |   |   | 161,319,977                                       |   |   | 61,712,785                                |   |   | 161,319,977               |   |   | 61,379,451 |   |   | 46,857,377 |   |

***Page          - 3***

----

**SUN        OIL & GAS CORP.**

**(formerly        Gaofeng Gold Corp.)**

|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   | **Accumulated**      |   |   |           |   |
|-----------------------------------------------------------------|--------|---------------------------|--------|--------|------------------|--------|--------|----------------|--------|--------|---------------------------------------------|--------|--------|----------------|--------|--------|---------------------------|--------|--------|----------------|--------|
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   | **(Deficit) **  |   |   |           |   |
|                                                            |   | **Issued **     |   |   | **Issued**  |   |   |           |   |   | **During                  the **  |   |   |           |   |
|                                                            |   | **Preferred**   |   |   | **Preferred**    |   |   | **Common**     |   |   | **Common**                                  |   |   | **Additional** |   |   | **Development**           |   |   |           |   |
|                                                            |   | **Stock **      |   |   | **Stock**        |   |   | **Stock**      |   |   | **Stock**                                   |   |   | **Paid-In**    |   |   | **Stage**                 |   |   | **Total**      |   |
|                                                            |   | **Shares**           |   |   | **Amount$**      |   |   | **Shares**     |   |   | **Amount$**                                 |   |   | **Capital**    |   |   | **$**                |   |   | $              |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **Balances                    at August 20, 1998**              |   | **-**                     |   |   | **-**            |   |   | **-**          |   |   | **-**                                       |   |   | **-**          |   |   | **-**                     |   |   | **-**          |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **August                    1998 - common stock issued**        |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **for                    organization costs at $6,042**         |   |                      |   |   |             |   |   | **4,712,916**  |   |   | **4,713**                                   |   |   | **1,329**      |   |   |                      |   |   | **6,042**      |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **January                    1999 - stock issued for cash**     |   |                      |   |   |             |   |   | **828,360**    |   |   | **828**                                     |   |   | **264,672**    |   |   |                      |   |   | **265,500**    |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **Net                    (Loss) for the year ended**            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **July                    31, 1999**                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   | **(96,550**               | **)**  |   | **(96,550**    | **)**  |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **Balance                    at July 31, 1999**                 |   | **-**                     |   |   | **-**            |   |   | **5,541,276**  |   |   | **5,541**                                   |   |   | **266,001**    |   |   | **(96,550**               | **)**  |   | **174,992**    |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **April                    2000 - stock issued for cash**       |   |                      |   |   |             |   |   | **162,240**    |   |   | **162**                                     |   |   | **25,838**     |   |   |                      |   |   | **26,000**     |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **Net                    (Loss) for the year ended**            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **July                    31, 2000**                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   | **(91,992**               | **)**  |   | **(91,992**    | **)**  |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **Balance                    at July 31, 2000**                 |   | **-**                     |   |   | **-**            |   |   | **5,703,516**  |   |   | **5,703**                                   |   |   | **291,839**    |   |   | **(188,542**              | **)**  |   | **109,000**    |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **September                    2000 - cancellation of shares**  |   |                      |   |   |             |   |   | **(1,872,000** | **)**  |   | **(1,872**                                  | **)**  |   | **1,872**      |   |   |                      |   |   | **-**          |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **September                    2000 - Distribution to**         |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **shareholders                    in spin-off**                 |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   | **(95,530**               | **)**  |   | **(95,530**    | **)**  |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **Net                    (Loss) for the period ended**          |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **January                    31, 2001**                         |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   | **(13,470**               | **)**  |   | **(13,470**    | **)**  |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **Balance                    at January 31, 2001**              |   | **-**                     |   |   | **-**            |   |   | **3,831,516**  |   |   | **3,831**                                   |   |   | **293,711**    |   |   | **(297,542**              | **)**  |   | **-**          |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **February                    2001 - cancellation of shares**   |   |                      |   |   |             |   |   | **(2,752,932** | **)**  |   | **(2,753**                                  | **)**  |   | **(122,983**   | **)**  |   |                      |   |   | **(125,736**   | **)**  |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **October                    2001 - stock issued for services** |   |                      |   |   |             |   |   | **39,000**     |   |   | **39**                                      |   |   | **9,961**      |   |   |                      |   |   | **10,000**     |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **November                    2001 - stock issued for debt**    |   |                      |   |   |             |   |   | **2,730,000**  |   |   | **2,730**                                   |   |   | **1,255,104**  |   |   |                      |   |   | **1,257,834**  |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **December                    2001 - stock issued for**         |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **rounding**                                                    |   |                      |   |   |             |   |   | **63**         |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **Net                    (Loss) for the year ended**            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **January                    31, 2002**                         |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   | **(1,479,963**            | **)**  |   | **(1,479,963** | **)**  |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **Balance                    at January 31, 2002**              |   | **-**                     |   |   | **-**            |   |   | **3,847,647**  |   |   | **3,847**                                   |   |   | **1,435,793**  |   |   | **(1,777,505**            | **)**  |   | **(337,865**   | **)**  |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **April                    2002 - Stock issued for services**   |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **with                    reference to recission of**           |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **acquisition                    of subsidiary**                |   |                      |   |   |             |   |   | **3,900,000**  |   |   | **3,900**                                   |   |   | **171,100**    |   |   |                      |   |   | **175,000**    |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **Shares                    issued for debt conversion**        |   |                      |   |   |             |   |   | **18,144,750** |   |   | **18,145**                                  |   |   | **364,396**    |   |   |                      |   |   | **382,541**    |   |
|                                                            |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **October                    18, 2002 - stock issued for**      |   |                      |   |   |             |   |   |           |   |   |                                        |   |   |           |   |   |                      |   |   |           |   |
| **rounding**                                                    |   |                      |   |   |             |   |   | **227,510**    |   |   | **227**                                     |   |   | **915**        |   |   |                      |   |   | **1,142**      |   |

***Page              - 4***

----

**SUN            OIL & GAS CORP.**

**(formerly            Gaofeng Gold Corp.)**

|        |   |                      |   |   |             |   |   |       |   |   |                                        |   |   |           |   |   | **Accumulated**      |   |   |      |   |
|--------|--------|---------------------------|--------|--------|------------------|--------|--------|------------|--------|--------|---------------------------------------------|--------|--------|----------------|--------|--------|---------------------------|--------|--------|-----------|--------|
|   |   |                      |   |   |             |   |   |       |   |   |                                        |   |   |           |   |   | **(Deficit) **  |   |   |      |   |
|   |   | **Issued **     |   |   | **Issued**  |   |   |       |   |   | **During                  the **  |   |   |           |   |
|   |   | **Preferred**   |   |   | **Preferred**    |   |   | **Common** |   |   | **Common**                                  |   |   | **Additional** |   |   | **Development**           |   |   |      |   |
|   |   | **Stock **      |   |   | **Stock**        |   |   | **Stock**  |   |   | **Stock**                                   |   |   | **Paid-In**    |   |   | **Stage**                 |   |   | **Total** |   |
|   |   | **Shares**           |   |   | **Amount$**      |   |   | **Shares** |   |   | **Amount$**                                 |   |   | **Capital**    |   |   | **$**                |   |   | $         |

|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
|---------------------------------------------------------------|--------|-------------|--------|--------|---------|--------|--------|-----------------|--------|--------|-------------|--------|--------|---------------|--------|--------|----------------|--------|--------|----------------|--------|
| **Net                    (Loss) for the year ended**          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **January                    31, 2003**                       |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   | **(420,936**   | **)**  |   | **(420,936**   | **)**  |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **Balance                    at January 31, 2003**            |   | **-**       |   |   | **-**   |   |   | **26,119,907**  |   |   | **26,119**  |   |   | **1,972,204** |   |   | **(2,198,441** | **)**  |   | **(200,118**   | **)**  |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **May                    2003 - Capital contributed by**      |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **shareholder**                                               |   |        |   |   |    |   |   |            |   |   |        |   |   | **37,132**    |   |   |           |   |   | **37,132**     |   |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **November                    2003 - stock issued for wages** |   |        |   |   |    |   |   | **23,400,000**  |   |   | **23,400**  |   |   | **201,600**   |   |   |           |   |   | **225,000**    |   |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **December                    2003 - stock issued for cash**  |   |        |   |   |    |   |   | **109,200,000** |   |   | **109,200** |   |   | **(4,200**    | **)**  |   |           |   |   | **105,000**    |   |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **Net                    (Loss) for the year ended**          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **January                    31, 2004**                       |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   | **(69,746**    | **)**  |   | **(69,746**    | **)**  |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **Balance                    at January 31, 2004**            |   | **-**       |   |   | **-**   |   |   | **158,719,907** |   |   | **158,719** |   |   | **2,206,736** |   |   | **(2,268,187** | **)**  |   | **97,268**     |   |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **June                    2004 - shares issued for**          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **mining                    license**                         |   | **400,000** |   |   | **400** |   |   | **2,600,000**   |   |   | **2,600**   |   |   | **847,000**   |   |   |           |   |   | **850,000**    |   |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **November                    26, 2004 - stock issued for**   |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **rounding**                                                  |   |        |   |   |    |   |   | **35**          |   |   |        |   |   |          |   |   |           |   |   | **-**          |   |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **Net                    (Loss) for the year ended**          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **January                    31, 2005**                       |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   | **(1,085,153** | **)**  |   | **(1,085,153** | **)**  |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **Balance                    at January 31, 2005**            |   | **400,000** |   |   | **400** |   |   | **161,319,942** |   |   | **161,319** |   |   | **3,053,736** |   |   | **(3,353,340** | **)**  |   | **(137,885**   | **)**  |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **Net                    (Loss) for the quarter ended**       |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **April                    30, 2005**                         |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   | **(25,250**    | **)**  |   | **(25,250**    | **)**  |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **Balance                    at April 30, 2005**              |   | **400,000** |   |   | **400** |   |   | **161,319,977** |   |   | **161,319** |   |   | **3,053,736** |   |   | **(3,378,590** | **)**  |   | **(163,135**   | **)**  |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **Net                    (Loss) for the quarter ended**       |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **July                    31, 2005**                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   | **(114,851**   | **)**  |   | **(114,851**   | **)**  |
|                                                          |   |        |   |   |    |   |   |            |   |   |        |   |   |          |   |   |           |   |   |           |   |
| **Balance                    at July 31, 2005**               |   | **400,000** |   |   | **400** |   |   | **161,319,977** |   |   | **161,319** |   |   | **3,053,736** |   |   | **(3,493,441** | **)**  |   | **(277,986**   | **)**  |

***Page          - 5***

----

**SUN        OIL & GAS CORP.**

**(formerly        Gaofeng Gold Corp.)**

|                                                                  |   |   |                                                  |    |   | From                            |   |
|-----------------------------------------------------------------------|--------|--------|-------------------------------------------------------|--------------|--------|---------------------------------|--------|
|                                                                  |   |   |                                                  |    |   | Inception                  on   |   |
|                                                                  |   |   |                                                  |    |   | August                  20,1998 |   |
|                                                                  |   |   | For                  the Six Months Ended   |         |   | through                         |   |
|                                                                  |   |   | July                  31,                             |         |   | July                  31,       |   |
|                                                                  |   |   | 2005                                                  |         |   | 2004                            |   |   | 2005 |   |
| Cash                  Flows from Operating Activities                 |   |   |                                                  |         |   |                            |   |   |   |   |
|                                                                  |   |   |                                                  |         |   |                            |   |   |   |   |
| Net                  Income (Loss)                                    |   | $      | (140,101                                              | )            | $      | (536,773                        | )      | $ | (3,493,441 | ) |
| Adjustments                  to reconcile net loss to                 |   |   |                                                  |         |   |                            |   |   |   |   |
| net                  cash provided by operations:                |   |   |                                                  |         |   |                            |   |   |   |   |
| Shares                  issued for services                      |   |   | -                                                     |         |   | -                               |   |   | 246,143 |   |
| Shares                  issued for accrued wages                 |   |   | -                                                     |         |   | -                               |   |   | 165,000 |   |
| Shares                  issued for debt                          |   |   | -                                                     |         |   | -                               |   |   | 382,540 |   |
| Shares                  issued for accrued interest              |   |   | -                                                     |         |   | -                               |   |   | 19,156 |   |
| Notes                  payable issued for expenses               |   |   | -                                                     |         |   | -                               |   |   | 1,042,443 |   |
| Depreciation                  and amortization                   |   |   | -                                                     |         |   | 500,000                         |   |   | 1,025,001 |   |
| Increase                  (Decrease) in accrued liabilities      |   |   | 50,500                                                |         |   | 30,083                          |   |   | 131,083 |   |
| Decrease                  (Increase) in receivables              |   |   | -                                                     |         |   | 68                              |   |   | 139,239 |   |
| Increase                  (Decrease) in payables                 |   |   | 89,601                                                |         |   | -                               |   |   | 120,152 |   |
|                                                                  |   |   |                                                  |         |   |                            |   |   |   |   |
| Net                  Cash (Used) Provided by Operating Activities     |   |   | -                                                     |         |   | (6,622                          | )      |   | (222,684 | ) |
|                                                                  |   |   |                                                  |         |   |                            |   |   |   |   |
| Cash                  Flows from Investing Activities                 |   |   |                                                  |         |   |                            |   |   |   |   |
| Cash                  paid for mining licensing agreement        |   |   | -                                                     |         |   | (104,988                        | )      |   | (104,988 | ) |
| Cash                  acquired from subsidiary                   |   |   | -                                                     |         |   | -                               |   |   | 9,070 |   |
| Cash                  contributed in distribution                |   |   | -                                                     |         |   | -                               |   |   | (1,176 | ) |
| Cash                  paid for property and equipment            |   |   | -                                                     |         |   | -                               |   |   | (176,722 | ) |
|                                                                  |   |   |                                                  |         |   |                            |   |   |   |   |
| Net                  Cash (Used) Provided by Investing Activities     |   |   | -                                                     |         |   | (104,988                        | )      |   | (273,816 | ) |
|                                                                  |   |   |                                                  |         |   |                            |   |   |   |   |
| Cash                  Flows from Financing Activities                 |   |   |                                                  |         |   |                            |   |   |   |   |
| Proceeds                  from notes payable                     |   |   | -                                                     |         |   | 25,000                          |   |   | 100,000 |   |
| Issued                  common stock for cash                    |   |   |                                                  |         |   | -                               |   |   | 396,500 |   |
|                                                                  |   |   |                                                  |         |   |                            |   |   |   |   |
| Net                  Cash (Used) Provided by Financing Activities     |   |   | -                                                     |         |   | 25,000                          |   |   | 496,500 |   |
|                                                                  |   |   |                                                  |         |   |                            |   |   |   |   |
| Net                  increase (decrease) in cash                      |   |   | -                                                     |         |   | (86,610                         | )      |   | - |   |
|                                                                  |   |   |                                                  |         |   |                            |   |   |   |   |
| Beginning                  Cash                                       |   |   | -                                                     |         |   | 99,019                          |   |   | - |   |
|                                                                  |   |   |                                                  |         |   |                            |   |   |   |   |
| Ending                  Cash                                          |   | $      | -                                                     |         | $      | 12,409                          |   | $ | - |   |
|                                                                  |   |   |                                                  |         |   |                            |   |   |   |   |
| Supplemental                  Cash Flow Information                   |   |   |                                                  |         |   |                            |   |   |   |   |
| Cash                  paid for interest                          |   | $      | -                                                     |         | $      | -                               |   | $ | - |   |
| Cash                  paid for income taxes                      |   | $      | -                                                     |         | $      | -                               |   | $ | - |   |
|                                                                  |   |   |                                                  |         |   |                            |   |   |   |   |
| Non-cash                  activities                                  |   |   |                                                  |         |   |                            |   |   |   |   |
|                                                                  |   |   |                                                  |         |   |                            |   |   |   |   |
| Shares                  issued for subsidiary                    |   | $      | -                                                     |         | $      | -                               |   | $ | 960,000 |   |
| Shares                  issued for services                      |   | $      | -                                                     |         | $      | -                               |   | $ | 246,143 |   |
| Notes                  payable issued for expenses               |   | $      | -                                                     |         | $      | -                               |   | $ | 1,042,443 |   |
| Shares                  issued for notes payable and interest    |   | $      | -                                                     |         | $      | -                               |   | $ | 1,640,374 |   |
| Shares                  issued for accrued wages                 |   | $      | -                                                     |         | $      | -                               |   | $ | 165,000 |   |
| Forgiveness                  of accounts payable by shareholder  |   | $      | -                                                     |         | $      | -                               |   | $ | 37,132 |   |
| Shares                  issued for mining license                |   | $      | -                                                     |         | $      | -                               |   | $ | 850,000 |   |

***Page          - 6***

----

***Page          - 7***

----

**Item      2. Discussion and Analysis or Plan of Operation. **

**PART      II: OTHER INFORMATION**

**Item      1. Legal Proceedings. **

**Item      2. Changes in Securities. **

**Item      3. Defaults on Senior Securities. **

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

**Item      5. Other Information**

**Item      6. Exhibits and Reports on Form 8-K.**

***Page          - 8***

----

**SIGNATURES**

**Dated:      September 14, 2005**

***Sun      Oil & Gas Corp.***

*/s/*

***Page          - 9***

----

**Exhibit      31**

**CERITIFICATION      PURSUANT TO 18 USC SECTION 1350**

***Page          - 10***

----

**CERTIFICATIONS        PURSUANT TO SECTION 302**

|   |   | I,                  Peter G. Wilson, certify that: |
|--------|--------|----------------------------------------------------|

|   |  (a)                    Designed such disclosure controls and procedures, or caused such                    disclosure controls and procedures to be designed under our supervision,                    to ensure that material information relating to the small business                    issuer                    , including its consolidated subsidiaries, is made known to us                    by others                    within those entities, particularly during the period in which                    this annual                    report is being prepared;  |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b)                    Designed such internal control over financial reporting, or causes                    such                    internal control over financial reporting to be designed under                    our                    supervision, to provide reasonable assurance regarding the reliability                    of                    financial reporting and the preparation of financial statements                    for                    external purposes in accordance with generally accepted accounting                    principles;   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (c)                    Evaluated the effectiveness of the small bussiness issuer's disclosure                    controls and procedures and presented in this report our conclusions                    about                    the effectiveness of the disclosure controls and procedures,                    as of the end                    of the period covered by this report based on such evaluation,                    and                      |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (d)                    Disclosed in this report any change in the small business issuer's                    internal control over financial reporting that occurred during                    the small                    business issuer's most recent fiscal quarter (the small business                    issuer's                    fourth fiscal quarter in the case of an annual report) that has                    materially                    affected or is reasonably likely to materially affect, the small                    business                    issuer's internal control over financial reporting; and   |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (a)                    all significant deficiencies in the design or operation of internal                    controls over financial reporting which are reasonably likely                    to adversely                    affect the small business issuer's ability to record, process,                    summarize                    and report financial information; and   |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b)                    any fraud, whether or not material, that involves management                    or other                    employees who have a significant role in the small business issuer's                    internal control over financial reporting.  |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*s/*

***Page          - 11***

----

**Exhibit      32**

***Page          - 12***

----

**CERTIFICATION        PURSUANT TO 18 U.S.C. SECTION 1350, **

**AS        ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF        2002**

***Sun        Oil & Gas Corp.***
***Nevada***
***10-QSB***
***July        31, 2005***

|   |   | (1)                  The Report fully complies with the requirements of section 13(a)                  or 15(d)                  of the Securities Exchange Act of 1934;                  and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*s/*

***Page          - 13***

----