UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

|X| Quarterly Report Pursuant To Section 13 or 15(d) of the Securities Exchange
                                  Act of 1934

                  For the quarterly period ended June 30, 2015

[ ] Transition  Report Under Section 13 or 15(d) of the Securities  Exchange Act
    of 1934

             For the transition period from __________ to __________

                          Commission File Number: None

                           VANGUARD ENERGY CORPORATION
                      -----------------------------------
             (Exact name of registrant as specified in its charter)

          COLORADO                                   27-2888719
------------------------------             -----------------------------
(State or other jurisdiction                    (I.R.S. Employer
   of incorporation or                          Identification No.)
     organization)

                             2 Blvd Place, Suite 600
                               1700 Post Oak Blvd.
                              Houston, Texas 77056
                        -------------------------------
          (Address of principal executive offices, including Zip Code)

                                 (713) 627-2500
                  --------------------------------------------
                (Issuer's telephone number, including area code)

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

Check  whether the issuer (1) filed all reports  required to be filed by section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes |X| No |_|

Indicate by check mark whether the registrant has submitted  electronically  and
posted on its corporate Web site, if any, every  Interactive  Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of
this chapter)  during the  preceding 12 months (or for such shorter  period that
the registrant was required to submit and post such files). Yes |_| No |X|

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated filer, a non-accelerated  filer, or a small reporting  company.  See
the   definitions   of   "large   accelerated   filer,"   "accelerated   filer,"
"non-accelerated  filer," and "smaller  reporting  company" in Rule 12b-2 of the
Exchange Act.

Large  accelerated  filer [ ]              Accelerated  filer         [ ]
Non-accelerated  filer    [ ]              Smaller reporting company  [X]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes |X| No |_|

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest  practicable date: 973,139 shares of common stock as of
June 30, 2015.

<PAGE>


                           FORWARD LOOKING STATEMENTS

     The   information   contained   in  this   Form   10-Q   contains   certain
forward-looking  statements  within the meaning of Section 27A of the Securities
Act of 1933, as amended,  Section 21E of the Securities Exchange Act of 1934, as
amended,  and the  Private  Securities  Litigation  Reform  Act of  1995.  These
forward-looking  statements  involve risks and  uncertainties,  including  among
other things,  statements  regarding our capital  needs,  business  strategy and
expectations.  Any  statement  which does not contain a  historical  fact may be
deemed  to be a  forward-looking  statement.  In some  cases,  you can  identify
forward-looking  statements  by  terminology  such as "may",  "will",  "should",
"expect",  "plan", "intend",  "anticipate",  "believe",  "estimate",  "predict",
"potential"  or  "continue",  the  negative  of such  terms or other  comparable
terminology.  In evaluating  forward  looking  statements,  you should  consider
various  factors  outlined in our Form 10-K report for the year ended  September
30, 2014, filed with the U.S.  Securities  Exchange Commission ("SEC") and, from
time to time, in other reports we file with the SEC. These factors may cause our
actual  results to differ  materially  from any  forward-looking  statement.  We
disclaim any  obligation to publicly  update these  statements,  or disclose any
difference between our actual results and those reflected in these statements.


<PAGE>

VANGUARD ENERGY CORPORATION
CONSOLIDATED BALANCE SHEETS

                                                   June 30,     September 30,
                    ASSETS                           2015          2014
                                                 -------------  -----------
                                                 (Unaudited)

Current assets

Cash and cash equivalents                             $2,183     $  39,251
Other assets                                               -        12,500
                                                 -----------     ---------
Total current assets                                  $2,183        51,751


Debt issuance costs                                        -        83,654
                                                 -----------     ---------
Total assets                                          $2,183      $135,405
                                                 ===========     =========

    LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable                                  $    9,391      $    578
Accrued interest payable                              33,061       702,901
Other liabilities                                      8,600         8,600
Short term notes payable                              50,000             0
Current portion of notes payable, net of
discount $- and $71,754                              146,937     2,923,040
                                                 -----------    ----------
Total current liabilities                            247,989     3,635,119

Commitments and contingencies                              -             -

Stockholders' deficit
Preferred stock, $0.00001 par value;
  5,000,000 shares authorized; none issued
  or outstanding                                           -             -
Common stock, $0.00001 par value; 100,000,000
  and 50,000,000 shares authorized; 973,139
  and 127,114 shares issued and outstanding              973           127
Additional paid-in capital                         6,318,920     5,522,204
Accumulated deficit                               (6,565,699)   (9,022,045)
                                                 -----------    ----------
Total stockholders' deficit                         (245,806)   (3,499,714)
                                                 -----------    ----------
Total liabilities and stockholders' deficit           $2,183      $135,405
                                                 ===========    ==========




                 The accompanying notes are an integral part of
                    these consolidated financial statements.

                                       1
<PAGE>




VANGUARD ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<S>                                    <C>           <C>           <C>            <C>

                                   Three Months Ended June 30   Nine Months Ended June 30
                                      2015          2014          2015          2014
                                   -----------  -------------  ----------  ---------------
                                   (Unaudited)   (Unaudited)  (Unaudited)    (Unaudited)
Revenues

  Oil and gas sales                 $      -     $ 154,294     $       -     $ 1,676,231

Costs and expenses
  Lease operating expense                  -        46,408             -         544,045
  Production taxes                         -         7,098             -          77,253
  Depreciation, depletion and
    amortization                           -             -             -         984,200
  Impairment of O&G properties             -       (18,634)            -         861,579
  Asset retirement obligation
    accretion                              -             -             -          29,088
  General and administrative          (7,616)      212,959        90,418         765,865
                                   ---------     ---------     ---------     -----------
Total costs and expenses              (7,616)       90,418       247,831       3,262,030
                                   ---------     ---------     ---------     -----------

Income (Loss) from operations          7,616       (93,537)      (90,418)     (1,585,799)
                                   ---------     ---------     ---------     -----------

Other income (expense)
   Other income                            -         2,721             -           3,512
  Interest income                          -             -             -             233
  Gain on settlement of
participation liability                            171,772                       171,772
Liability                                  -                           -
  Loss on early extinguishment                                         -
   of debt                                        (380,539)                     (380,539)
  Interest expense                    (5,510)     (393,293)      (24,161)     (1,295,786)
  Furniture and equipment
   write-down                              -             -             -         (20,819)
  Gain on debt extinguishment              -             -     2,570,926               -
                                   ---------     ---------     ---------     -----------
Total other income (expense)          (5,510)     (599,339)    2,546,765      (1,521,626)
                                   ---------     ---------     ---------     -----------
Net income (loss) before income
  taxes                                2,106      (692,876)    2,456,347      (3,107,426)

Provision for income taxes                 -             -             -               -
                                   ---------     ---------     ---------     -----------
Net income (loss)                  $   2,106     $(692,876)   $2,456,347     $(3,107,426)
                                   =========    ==========    ==========     ===========
Income (loss) per share:

   Basic and diluted               $    0.00     $   (5.45)   $     2.52     $    (24.45)

Weighted average shares
outstanding:
  Basic and diluted                 973,139        127,114       973,139        127,1140

</TABLE>



                 The accompanying notes are an integral part of
                    these consolidated financial statements.



                                       2
<PAGE>

VANGUARD ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS

                                               Nine Month ended June 30,
                                                 2015               2014
                                              -----------       -------------
                                              (Unaudited)        (Unaudited)
Cash flows from operating activities
  Net income (loss)                           $2,456,347         $(3,107,426)
  Adjustments to reconcile net income
   (loss) to net cash from operating
   activities
     Depreciation, depletion and
       amortization                                    -             941,294
     Impairment of O&G properties                      -             861,579
     Gain on settlement of participation
       liability                                       -            (171,772)
     Amortization of debt issuance costs           4,107             223,933
    (Gain) loss on early debt extinguishment  (2,677,698)            380,539
    Asset retirement obligation accretion              -              29,088
    Amortization of debt discount                  3,523             169,145
    Accretion of participation liability               -            (63,160)
    Furniture and equipment write-down                 -              20,819
    Change in operating assets and liabilities:
      Accounts receivable                              -             185,360
      Other assets                                12,500              26,863
      Accounts payable                             8,813             (82,923)
      Accrued interest payable                   105,341                   -
      Short term notes payable                   50,000
      Other liabilities                               -              268,403
                                              ---------          -----------
Net cash from operating activities              (37,068)            (318,258)
                                              ---------          -----------
Cash flows from investing activities
  Capital expenditures on oil and gas
     properties                                       -           (1,012,794)
  Proceeds from sales of O&G properties               -            5,500,000
                                              ---------          -----------
Net cash from investing activities                    -            4,487,206
                                              ---------          -----------
Cash flows from financing activities
  Repayment of note payable                           -           (5,259,706)
  Settlement of participation liability               -             (230,619)
                                              ---------          -----------
Net cash from financing activities                    -           (5,490,325)
                                              ---------          -----------
Net change in cash and cash equivalents         (37,068)          (1,321,377)

Cash and cash equivalents
  Beginning of period                            39,251            1,334,285
                                              ---------          -----------
  End of period                                  $2,183              $12,908
                                              =========          ===========


                                       3
<PAGE>

VANGUARD ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)


                                               Nine Month ended June 30,
                                                 2015               2014
                                              -----------       -------------
                                              (Unaudited)        (Unaudited)
 Supplemental cash flow information:
   Interest paid                              $        -         $   312,111
 Noncash investing and financing
   activities:
    Issuance of shares for settlement
   of debt                                       797,562                   -
   Asset retirement obligations incurred               -              29,088








                   The accompanying notes are an integral part
                  of these consolidated financial statements.


                                       4
<PAGE>

VANGUARD  ENERGY  CORPORATION  NOTES TO THE  CONSOLIDATED  FINANCIAL  STATEMENTS
(UNAUDITED)

NOTE 1 - BASIS OF PRESENTATION

These consolidated financial statements of Vanguard Energy Corporation (Vanguard
or the Company)  have been  prepared in accordance  with  accounting  principles
generally  accepted in the United States of America (U.S.  GAAP). In the opinion
of management,  these financial  statements include all adjustments,  consisting
only of normal  recurring  adjustments,  necessary  for a fair  statement of the
results for the interim periods.  Certain  information,  accounting policies and
footnote  disclosures  normally  included in  financial  statements  prepared in
accordance with U.S. GAAP have been omitted  pursuant to Securities and Exchange
Commission (SEC) rules and  regulations.  These financial  statements  should be
read along with  Vanguard's  audited  financial  statements  as of September 30,
2014.

Going  Concern - The  Company  has  incurred  cumulative  net  losses  since its
inception  and will  require  capital for future  operating  activities  to take
place.  The Company's  ability to raise funding through the future  issuances of
debt or common stock is unknown.  The  obtainment of additional  financing,  the
successful development of a plan of operations, and its transition,  ultimately,
to the  attainment  of  profitable  operations  are necessary for the Company to
continue  operations.  The ability to  successfully  resolve these factors raise
substantial doubt about the Company's ability to continue as a going concern.

Future  issuances of the Company's equity or debt securities will be required in
order for the Company to finance operations and continue as a going concern. The
financial  statements  do not include any  adjustments  that may result from the
outcome of these aforementioned uncertainties.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

As of June 30, 2015, Vanguard's  significant accounting policies were consistent
with those  discussed in the audited  financial  statements  as of September 30,
2014.

Earnings (Loss) Per Share--Basic  earnings (loss) per share have been calculated
based upon the  weighted-average  number of common shares  outstanding.  Diluted
earnings per share have been calculated based upon the  weighted-average  number
of  common  and   potential   common   shares.   The   calculation   of  diluted
weighted-average  shares  outstanding for the three-month and nine-month periods
ended June 30, 2015 and 2014 excludes 149,394 and 192,619 shares,  respectively,
issuable  pursuant to outstanding  warrants,  stock options and debt  conversion
features because their effect is anti-dilutive.

                                       5
<PAGE>

VANGUARD  ENERGY  CORPORATION  NOTES TO THE  CONSOLIDATED  FINANCIAL  STATEMENTS
(UNAUDITED)


NOTE 3 - SALE OF OIL AND GAS PROPERTIES/PAYMENT OF CONVERTIBLE NOTES

During 2012, the Company sold  $8,254,500 of Convertible  Promissory  Notes.  On
March 31, 2014 the Company failed to make the scheduled interest payments on the
notes.  As a result,  the note  holders  were  entitled  to declare the notes in
default,  in which case the principal amount of the notes,  plus all accrued and
unpaid interest would be immediately due and payable.

The Company's inability to make the interest payment to the note holders was the
result  of the  expenditure  of  considerable  capital  to work over some of the
Company's wells. The costs of that work far exceeded the Company's  expectations
and yet the work was  required  in order to get the wells back into  production.
This depleted the Company's cash position far below its  expectations.  Further,
although the initial work on those wells was  successful in boosting  production
momentarily,   further   complications   resulted  in  lower   production   than
anticipated,  which was not adequate to replenish  the cash  expended and enable
the Company to make required interest payments.

With a view to paying its note holders,  the Company, on June 17, 2014, sold its
oil and gas properties to Vast Exploration, Inc. for $5,500,000, after obtaining
approvals from the holders of a majority of the Company's  outstanding shares of
common stock and approvals of a majority of note holders.  An impairment  charge
of  $880,213  was  recognized  during the  quarter  ended March 31, 2014 for the
amount by which  the  carrying  value of the  Company's  oil and gas  properties
exceeded the estimated net proceeds from the planned sale. The Company  adjusted
the impairment  charge by $(18,634) during the quarter ended June 30, 2014 based
on final closing of the transaction.

The Company used the proceeds from the sale to:

         Pay holders of the convertible notes           $5,259,706
         Purchase the net profits interest held by
            Vanguard Net Profits, LLC                      230,619
         Pay legal and closing costs                         9,675
                                                         ---------
                                                        $5,500,000

A loss on early  extinguishment  of debt totaling $380,539 was recognized during
the  quarter  ended  June 30,  2014 for the  write-off  of a portion of the debt
issuance costs and debt issuance discount associated with the debt repayment.

In  consideration  for accepting less than the full amount due on the notes, and
releasing their lien on the Company's oil and gas  properties,  holders of notes
in the principal of amount of $2,847,857 as a group,  agreed to receive  860,380
shares of the  Company's  stock in payment of the  remaining  balances  on their
notes,  plus  accrued  interest.  The Company  issued the  additional  shares as
payment for the notes and accrued  interest in the quarter  ended  December  31,
2014  and  recognized  a gain  on  the  extinguishment  of  this  debt  totaling
$2,570,926.


                                       6
<PAGE>

VANGUARD  ENERGY  CORPORATION  NOTES TO THE  CONSOLIDATED  FINANCIAL  STATEMENTS
(UNAUDITED)

At June  30,  2015,  convertible  notes  totaling  $146,937  remain  outstanding
together with accrued interest of $33,061.

NOTE 4 - INCOME TAXES

The Company  estimates  its annual  effective  income tax rate in recording  its
quarterly  provision for income taxes in the various  jurisdictions in which the
Company  operates.  Statutory tax rate changes and other  significant or unusual
items are recognized as discrete  items in the quarter in which they occur.  The
Company  recorded  no income tax  expense  for the  three-month  and  nine-month
periods  ended June 30, 2015  because the  Company  estimates  it will record no
income tax  expense for the year ended  September  30,  2015.  The Company has a
valuation allowance that fully offsets net deferred tax assets.







                                    * * * * *


                                       7
<PAGE>

ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND PLAN OF
        OPERATION

We have fully depleted our resources and have no assets of operational value. We
are seeking an opportunity  to merge with another  company that might provide us
with  operational and financial  capabilities to meet unpaid  obligations and to
justify a market for our stock.  Absent achieving such a transaction in the near
future,  our viability is in doubt. As of June 30, 2015 the Company has not been
successful in meeting this goal;  however,  work  continues in the effort and we
believe  that before the end of the current  fiscal year a merger or sale of the
Company is possible.

ITEM 4. CONTROLS AND PROCEDURES.

     (a) We maintain a system of controls and procedures designed to ensure that
information  required to be  disclosed in reports  filed or submitted  under the
Securities  Exchange  Act  of  1934,  as  amended  ("1934  Act"),  is  recorded,
processed,  summarized and reported  within time periods  specified in the SEC's
rules and forms and to ensure that information required to be disclosed by us in
the  reports  that we file or  submit  under  the  1934 Act is  accumulated  and
communicated to our management,  including our Principal Executive and Financial
Officer, as appropriate to allow timely decisions regarding required disclosure.
As of June 30, 2015, our Principal Executive and Financial Officer evaluated the
effectiveness  of the  design  and  operation  of our  disclosure  controls  and
procedures.  Based on that  evaluation,  our  Principal  Executive and Financial
Officer concluded that our disclosure controls and procedures were effective.

     (b) Changes in  Internal  Controls.  There were no changes in our  internal
control over  financial  reporting  during the three month period ended June 30,
2015 that materially  affected,  or are reasonably likely to materially  affect,
our internal control over financial reporting.


                                     PART II

ITEM 6. EXHIBITS

Exhibits

31.1    Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2    Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32      Certification pursuant to Section 906 of the Sarbanes-Oxley Act.



                                       8

<PAGE>

                                   SIGNATURES

     Pursuant to the  requirements  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.

                                         VANGUARD ENERGY CORPORATION


Date: August 7, 2015                     By: /s/ Warren Dillard
                                             ----------------------------
                                             Warren Dillard,
                                             Chief Executive, Financial and
                                             Accounting Officer