U.S. 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 April 30, 2014

[_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the transition period from ______________________ to ______________________

Commission File No. 333-178199



DINO ENERGY CORPORATION

(formerly known as GYSAN HOLDINGS, INC.)(Exact name of small business issuer as specified in its charter)

|                                                            |  |                                        
|----------------------------------------------------------- |  | ---------------------------------------
|Nevada                                                      |  | Not Applicable                         
|(State or other jurisdiction of incorporation or formation) |  | (I.R.S. employer identification number)



Unit 7, 833 - 1st Avenue N.W.

Calgary, AB, Canada T2N 0A4

(Address of principal executive offices) (Zip Code)

Registrant's telephone number: (403) 229-2351_______________________________________________

Securities registered under Section 12(b) of the Exchange Act:

None.



Securities registered under Section 12(g) of the Exchange Act:

Common Stock, $.0001 par value per share

(Title of Class)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer 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 is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

State the number of shares outstanding of each of the issuer's classes of common equity, as of April 30, 2014: 173,716,000 shares of common stock.

Transitional Small Business Disclosure Format (check one):  Yes [ ] No [X]





1





DINO ENERGY CORPORATION

(formerly known as GYSAN HOLDINGS, INC.)
UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS INDEX





PART I  FINANCIAL INFORMATION:



Item 1.

Financial Statement (Unaudited)...........................................................................

3

Consolidated Balance Sheets................................................................................

3

Consolidated Statements of Operations................................................................

4

Consolidated Statements of Stockholders Equity..................................................

5

Consolidated Statements of Cash Flows...............................................................

6

Notes to the Consolidated Financial Statements....................................................

7-9

Item 2.

Management's Discussion and Analysis of Financial Condition

and Results of Operations.....................................................................................

10

Item 3.

Quantitative and Qualitative Disclosure About Market Risks...............................

12

Item 4T

Controls and Procedures ......................................................................................

12

PART II  OTHER INFORMATION:



Item 1.

Legal Proceedings.............................................................................................

13

Item 1A.

Risk Factors ....................................................................................................

13

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds .............................

13

Item 3.

Defaults Upon Senior Securities ........................................................................

13

Item 5.

Other Information ............................................................................................

13

Item 6.

Exhibits ..........................................................................................................

13



Signatures ........................................................................................................................

14







2



Item 1.

Financial Statements.



Dino Energy Corporation

(formerly known as Gysan Holdings, Inc.)

April 30, 2014

Consolidated Financial Statements

(Unaudited)







Dino Energy Corporation

(Formerly Gysan Holdings Inc.)

CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS

STATED IN US DOLLARS

(unaudited)



April 30,
    2014October 31,
    2013ASSETSCurrentCash and cash equivalents$208$2,586Prepaid expenses2,8542,999Total Assets$3,062$5,585LIABILITIESCurrentAccounts payable$163,744$126,560Due to shareholder (Note 3)357,436359,769Total Liabilities521,180486,329STOCKHOLDERS' DEFICIENCYCapital StockAuthorized800,000,000 common shares, voting, par value $0.0001 each200,000,000 preferred shares,  voting, par value $0.0001 eachIssued173,716,000 common shares$16,010$16,01013,300,000 preferred shares1,3301,330Additional paid in capital(5,616)(5,616)Accumulated deficit(565,887)(504,887)Accumulated other comprehensive income36,04512,419Total Stockholders' Deficiency(518,118)(480,744)Total Liabilities and Stockholders' Deficiency$3,062$5,585




Going concern (Note 1)

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





3





Dino Energy Corporation

(Formerly Gysan Holdings Inc.)

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS

STATED IN US DOLLARS

(Unaudited)



Three months ended 
    April 30,Three months
     ended 
    April 30,Six months ended 
    April 30,Six months
     ended 
    April 30,2014201320142013ExpensesProfessional fees$8,291$60,561$10,829$90,528Consulting fees4,4173,41828,97122,704General & administration7,08014,87918,15616,606Depreciation-543-54319,78879,40157,956130,381Loss from operations(19,788)(79,401)(57,956)(130,381)Other item(3,044)(160)(3,044)(160)Net loss for the period(22,832)(79,561)(61,000)(130,541)Other comprehensive incomeForeign currency adjustment(7,674)43423,626665Comprehensive Loss$(30,506)$(79,127)$(37,374)$(129,876)Basic and diluted income loss per share$(0.000)$(0.001)$(0.000)$(0.002)Weighted average number of shares outstanding173,716,00078,616,000173,716,00066,157,667






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





4





Dino Energy Corporation

(Formerly Gysan Holdings Inc.)

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIENCY

STATED IN US DOLLARS

(Unaudited)

|                                                                 |               |                    |                            |                                               |                             |                         |                        |                       
|---------------------------------------------------------------- | ------------- | ------------------ | -------------------------- | --------------------------------------------- | --------------------------- | ----------------------- | ---------------------- | ----------------------
|                                                                 | Capital Stock | Preferred Stock    | Additional Paid in Capital | Accumulated Other Comprehensive Income (Loss) | Retained Earnings (Deficit) | Total                  
|                                                                 | Shares        | Amount             | Shares                     | Amount                                       
|Balance, October 31, 2012                                        | 13,616,000    | $            2,000 | -                          | $                  -                          | $                  -        | $                   225 | $             (56,939) | $             (54,714)
|                                                                 |               |                    |                            |                                               |                             |                         |                        |                       
|Reorganization for reverse merger (Note 1)                       | 65,000,000    | 4,500              | 45,000,000                 | 4,500                                         | 724                         |                         | (20,179)               | (10,455)              
|                                                                 |               |                    |                            |                                               |                             |                         |                        |                       
|Conversion of prefered shares to Common shares                   | 95,100,000    | 9,510              | (31,700,000)               | (3,170)                                       | (6,340)                     | -                       | -                      | -                     
|                                                                 |               |                    |                            |                                               |                             |                         |                        |                       
|Net loss for the period ended
October 31, 2013                   | -             | -                  | -                          | -                                             | -                           | -                       | (427,769)              | (427,769)             
|                                                                 |               |                    |                            |                                               |                             |                         |                        |                       
|Other comprehensive income for the period ended October 31, 2013 | -             | -                  | -                          | -                                             | -                           | 12,194                  | -                      | 12,194                
|                                                                 |               |                    |                            |                                               |                             |                         |                        |                       
|Balance, October 31, 2013                                        | 173,716,000   | 16,010             | 13,300,000                 | 1,330                                         | (5,616)                     | 12,419                  | (504,887)              | (480,744)             
|                                                                 |               |                    |                            |                                               |                             |                         |                        |                       
|Net loss for the period ended 
April 30, 2014                    | -             | -                  | -                          | -                                             | -                           | -                       | (61,000)               | (61,000)              
|                                                                 |               |                    |                            |                                               |                             |                         |                        |                       
|Other comprehensive income for the period ended April 30, 2014   | -             | -                  | -                          | -                                             | -                           | 23,626                  | -                      | 23,626                
|                                                                 |               |                    |                            |                                               |                             |                         |                        |                       
|Balance, April 30, 2014                                          | 173,716,000   | $         16,010   | 13,300,000                 | $           1,330                             | $          (5,616)          | $             36,045    | $          (565,887)   | $           (518,118) 



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





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Dino Energy Corporation

(Formerly Gysan Holdings Inc.)

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF  CASH FLOWS

STATED IN US DOLLARS

(Unaudited)



Six months ended 
    April 30,Six months ended 

    April 30,20142013Operating activitiesNet loss for the period$        (61,000)$    (130,541)Item not requiring an outlay of cash:Depreciation-543Changes in non-cash working capital:Prepaid expenses and deposits14512,127Accounts payable37,18454,430Sales tax receivable-(270)Due to (from) shareholder(2,333)213,072Net cash provided by (used in) operating activities(26,004)149,361Investing activitiesPayment of long-term deposit-(165,104)Net cash used in investing activities-(165,104)Financing activitiesCash acquired from reverse merger-16,221Net cash provided by financing activities-16,221Net cash increase (decrease) for the period(26,004)478Foreign exchange translation23,626660Cash and cash equivalents, beginning of the period2,5861,986Cash and cash equivalents, end of the period$              208$         3,124




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











6







Dino Energy Corporation (Formerly Gysan Holdings Inc.)

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

April 30, 2014

STATED IN US DOLLARS

(Unaudited)

NOTE 1  NATURE AND CONTINUANCE OF OPERATION

Dino Energy Corporation, formerly Gysan Holdings Inc., (the Corporation) was incorporated in the state of Nevada, United States on March 11, 2011. On June 10, 2011, the Corporation acquired Gysan Enterprises Ltd. of Calgary, Alberta, Canada as its wholly owned subsidiary. Gysan Enterprises Ltd. (Gysan Alberta) was incorporated on November 4, 2009 with its head office located in Calgary, Alberta, Canada. Gysan Alberta provides supporting services to an auction company to establish a new flooring division and focuses on selling and marketing various types of floor coverings, namely, engineered hardwood, and laminates to the local market. Corporation clients include homeowners, business owners, and custom builders from Calgary and the surrounding areas.

On January 23, 2013, Dino Energy Corporation acquired all the outstanding shares of Dino Energy Investments, Ltd. (Dino), a British Virgin Island Company incorporated on April 12, 2012, from Dinos current shareholders in exchange for 65,000,000 common shares and 45,000,000 preferred shares of the Corporation.  As a result of the transaction, Dino has become a wholly-owned subsidiary of the Corporation.  Dino is a newly-formed oil and gas company.  It is expected that Dino, as a subsidiary of the Corporation, will conduct all exploration and production activities through a wholly-owned subsidiary incorporated under the laws of Alberta, Canada.

Although the Corporation was the legal acquirer, the transaction was accounted for as a recapitalization of Dino in the form of a reverse merger, whereby Dino becomes the accounting acquirer and was deemed to have retroactively adopted the capital structure of the Corporation. Accordingly, the accompanying consolidated financial statements reflect the historical consolidated financial statements of Dino for all periods presented, and do not include the historical financial statements of the Corporation. All costs associated with the reverse merger transaction were expensed as incurred.

As of November 1, 2013, Dino Energy Investment, Ltd. has been dissolved.  The Corporation will continue to conduct its business through Dino Energy Investment Alberta Ltd., a wholly-owned subsidiary incorporated under the laws of Alberta, Canada.

The Corporations financial statements have been prepared in accordance with accounting principles generally accepted in the United States applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Corporation has a net loss of $61,000 for the period ended April 30, 2014 and at April 30, 2014 had a deficit accumulated since its inception of $565,887. The Corporation has working capital deficit of $518,118 as at April 30, 2014. The Corporation requires additional funds to maintain its existing oil and gas developments and exploration plans. These conditions raise substantial doubt about the Corporations ability to continue as a going concern. Managements plans in this regard are to raise equity and debt financing as required, but there is no certainty that such financing will be available or that it will be available at acceptable terms. The financing environment is difficult and the outcome of these matters cannot be predicted at this time.



7





Dino Energy Corporation (Formerly Gysan Holdings Inc.)

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

April 30, 2014

STATED IN US DOLLARS

(Unaudited)

NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies is presented to assist in understanding the consolidated financial statements. The financial statements and notes are the representations of the Corporations management, who is responsible for their integrity and objectivity.  These consolidated financial statements have been prepared in accordance with the instructions to form 10-Q, and therefore, do not include all information and notes necessary for complete financial statements.  These consolidated financial statements should be read in conjunction with the annual consolidated financial statement and footnotes thereto included in the Companys filed form 10-K.

Basis of Presentation

The Corporations consolidated financial statements included herein are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. These consolidated financial statements include the Corporations wholly owned subsidiaries, Gysan Enterprises Ltd., Dino Energy Investment, Ltd. and 100 percent of its asset, liabilities and net income or loss. All inter-company accounts and transactions have been eliminated.

While the information presented in the accompanying interim six months consolidated financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operation and cash flows for the interim periods presented. All adjustments are of a normal recurring nature. Operating results for the period ended April 30, 2014 are not necessarily indicative of the results that can be expected for the year ending October 31, 2014.

Newly Adopted Accounting Policy

In February 2013, the FASB issued new accounting guidance to improve the reporting of reclassifications out of accumulated other comprehensive income. Under the guidance, an entity is required to provide information about the amounts reclassified out of accumulated other comprehensive income (AOCI) by component. In addition, an entity is required to present, either on the face of the financial statements or in the notes, significant amounts reclassified out of AOCI by the respective line items of net income, but only if the amount reclassified is required to be reclassified in its entirety in the same reporting period. For amounts that are not required to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional details about those amounts. The guidance did not change the requirements for reporting net income or other comprehensive income in the financial statements. The new guidance was adopted by the Corporation effective November 1, 2013. The adoption of this guidance did not have any impact on its results of operations, financial condition and cash flows.

New Accounting Pronouncement

In July 2013, the FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, providing guidance on the presentation of unrecognized tax benefits, reflecting the manner in which an entity would settle, at the reporting date, any additional income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist.





8



Dino Energy Corporation (Formerly Gysan Holdings Inc.)

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

April 30, 2014

STATED IN US DOLLARS

(Unaudited)



NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)

The amendments in this update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Early adoption is permitted.   The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The Corporation does not expect that the adoption of this accounting standard update will have a material effect on the consolidated financial statements.

NOTE 3  DUE TO SHAREHOLDER

As at April 30, 2014, the Corporation was obligated to a shareholder for funds advanced to the Corporation for working capital. The advances are unsecured and no interest rate or payback schedule has been established.

NOTE 4  CAPITAL STOCK

As at April 30, 2014, there were no warrants or options outstanding.









9



Item 2.Managements Discussion and Analysis of Financial Conditionand Results of Operations For The Three-Month and Six-MonthPeriods Ended April 30, 2014



The following discussion should be read in conjunction with the unaudited financial statements of the Corporation and the related notes that appear elsewhere in this quarterly filing. The unaudited financial statements of the Corporation are stated in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles.



FORWARD LOOKING STATEMENTS



The following discussion contains forward-looking statements that reflect the Corporations plans, estimates and beliefs. The actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report on Form 10-Q.



OVERVIEW



Dino Energy Corporation (Dino or the Corporation), formerly Gysan Holdings Inc., was incorporated in the state of Nevada, United States on March 11, 2011. On June 10, 2011, Dino acquired Gysan Enterprises Ltd. of Calgary, Alberta, Canada as its wholly owned subsidiary. Gysan Enterprises Ltd. (Gysan Alberta) was incorporated on November 4, 2009 with its head office located in Calgary, Alberta, Canada. Gysan Alberta provides supporting services to an auction Corporation to establish a new flooring division and focuses on selling and marketing various types of floor coverings, namely, hardwood, engineered, and laminates to the local market. Corporation clients include homeowners, business owners, and custom builders from Calgary and the surrounding areas.



On January 23, 2013, Dino acquired all the outstanding shares of Dino Energy Investments, Ltd. (Dino BVI), a British Virgin Island Corporation incorporated on April 12, 2012, from Dino BVIs shareholders in exchange for 65,000,000 common shares and 45,000,000 preferred shares of Dino. As a result of the transaction, Dino BVI became a wholly-owned subsidiary of Dino. Dino BVI was a newly-formed oil and gas Corporation and it had entered into an agreement with First Nation Group in Alberta, Canada (First Nation) for the exploration, development and production of hydrocarbon resources on and under the First Nations reserve lands (the Exploration Agreement). The rights granted to Dino BVI under the Exploration Agreement were subject to regulatory and governmental approval as well as a number of other conditions precedent. It was expected that Dino BVI, as a subsidiary of Dino, would conduct all exploration and production activities through a wholly-owned subsidiary incorporated under the laws of Alberta, Canada.



On July 10, 2013, the Corporation has officially changed its name to Dino Energy Corporation.



On July 1, 2013, the Corporations amended the Exploration Agreement with First Nation dated May 27, 2013.  Since then, the Corporation has been pursuing and investigating a number of oil and gas opportunities.



As of November 1, 2013, the Corporation has wound up its wholly-owned subsidiary, Dino BVI. All assets and liabilities of the subsidiary have been assumed by the Corporation.





10



RESULT OF OPERATIONS



Assets



Total assets decreased from $5,585 at October 31, 2013 to $3,062 at April 30, 2014. Total assets consist of current assets. The decrease was primarily due to the decrease in cash and cash equivalents.



Liabilities



Total liabilities increased from $486,329 at October 31, 2013 to $521,180 at April 30, 2014. Total liabilities consist of current liabilities. The increase in current liabilities is primarily due to the increase of accounts payable.



Three and Six Months Ended April 30, 2014 and 2013



Revenue



The Corporation had no sales revenue for the three and six months ended April 30, 2014 and 2013.



Operating Expenses



Operating expenses for the three months ended April 30, 2014 were $19,788, comprised of $8,291 in professional fees, $4,417 in consulting fees, and $7,080 in general and administration expenses, compared to $79,401 for the three months ended April 30, 2013. Operating expenses for the six months ended April 30, 2014 were $57,956, comprised of $10,829 in professional fees, $28,971 in consulting fees, and $18,156 in general and administration expenses, compared to $130,381 for the six months ended April 30, 2013.



Net Loss



The Corporation incurred a net loss of $22,832 for the three months ended April 30, 2014 compared to a net loss of $79,561 for the three months ended April 30, 2013, and a net loss of $61,000 for the six months ended April, 2014 compared to a net loss of $130,541 for the six months ended April 30, 2013.



Cash Flow from Operations



The Corporation generated a negative cash flow of $26,004 from its operations for the six months ended April 30, 2014 compared to cash flow of $149,361 for the six months ended April 30, 2013.







11



LIQUIDITY AND CAPITAL RESOURCES



As of April 30, 2014, the Corporation had a negative working capital of $518,118 compared to a negative working capital of $480,744 as of October 31, 2013.



FINANCIAL CONDITION



The Corporation currently anticipates that its available cash resources will not be sufficient to meet its anticipated working capital for at least the next 12 months. Additional capital may need to be raised to fund the operations.



If additional funds are raised through further issuances of equity or convertible debt securities, the percentage ownership of current stockholders will be reduced and holders of those new securities may have rights, preferences and privileges senior to those of current shareholders.



In addition, the Corporation may not be able to obtain additional financing on favourable terms, if at all. If adequate funds are not available or are not available on terms favourable to the Corporation, the business, results of operations and financial condition could be adversely affected.





Item 3.Quantitative and Qualitative Disclosure About Market Risks.





Not Applicable.

Item 4T.Controls and Procedures.



(a)

Evaluation of disclosure controls and procedures.

As required by paragraph (b) of Rules 13a-15 or 15d-15 under the Securities Exchange Act of 1934, the Corporations principal executive officer and principal financial officer have evaluated the Corporations disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on this evaluation these officers have concluded that as of the end of the period covered by this Quarterly Report on Form 10-Q, our disclosure controls and procedures were effective and were adequate to insure that the information required to be disclosed by the Corporation in reports it files or submits under the Exchange Act were recorded, processed, summarized and reported within the time period specified in the Commissions rules and forms. It is also important to point out that all internal control systems, no matter how well designed, have inherent limitations and may not prevent or detect misstatements. Therefore even those systems determined to be effective can only provide reasonable assurance with respect to financial reporting reliability and financial statements preparation and presentation.

(b)

Changes in internal controls.

There have been no significant changes in our internal controls or other factors that would significantly affect such controls and procedures subsequent to the date we completed our evaluation. Therefore, no corrective actions were taken.

12



PART II - OTHER INFORMATION

Item 1.Legal Proceedings.



To the best knowledge of the Corporations officers and directors, the Corporation is currently not a party to any material pending legal proceeding.

Item 1A.Risk Factors.



Not applicable as a smaller reporting company.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.



There were no sales of unregistered securities during the three (3) month period ended April 30, 2014.  However, see discussion under the heading of Overview above.

Item 3.Defaults Upon Senior Securities.



None.

Item 5.Other Information.



None.

Item 6.Exhibits

(a)

Exhibits

*3.1

Certificate of Incorporation



*3.2

Amended and Restated Certificate of Incorporation



*3.3

Bylaws



*4.0

Stock Certificate



31.1

Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002



13

31.2

Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002



32.1

Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002



32.2

Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002



101.INS

XBRL Instance Document



101.SCH

Taxonomy Extension Schema



101.CAL

Taxonomy Extension Calculation Linkbase



101.DEF

Taxonomy Extension Definition Linkbase



101.LAB

Taxonomy Extension Label Linkbase



101.PRE

Taxonomy Extension Presentation Linkbase



* Filed as an exhibit to the Corporation's registration statement on Form S-1, as filed with the Securities and Exchange Commission on November 28, 2011 and incorporated herein by this reference.

(b)

Reports of Form 8-K

None.



SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated:  June 19, 2014

DINO ENERGY CORPORATION



By:  /s/ Eric David Lawson

Name:  Eric David Lawson

Title: President





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