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| Nevada                                                         | 20-8999059                        |
|----------------------------------------------------------------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |

| Large accelerated file | Accelerated filer           |
|------------------------|-----------------------------|
| Non-accelerated filer  | P Smaller reporting company |

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|     |                  | Page                                                                                                                                                                                                                                                |
|----------|-----------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|     |                  |                                                                                                                                                                                                                                                |
| PART 1.  | FINANCIAL INFORMATION |                                                                                                                                                                                                                                                |
|     |                  |
|     | ITEM 1.               | FINANCIAL STATEMENTS                                                                                                                                                                                                                                |   |
|     |                  |  Condensed Balance Sheets as of  November 30, 2010 (Unaudited) and February 28, 2010                                                                                                                                                 |  3 |
|     |                  |                                                                                                                                                                                                                                                |   |
|     |                  | Condensed Statements of Operations for the three months ended November 30, 2010 and 2009 and for the nine months ended November 30, 2010 and 2009 and for the cumulative period from May 1, 2007 (Inception ) through November 30, 2010 (Unaudited) |   4 |
|     |                  |                                                                                                                                                                                                                                                |   |
|     |                  | Condensed Statements of Cash Flows  for the nine months  ended  November 30, 2010 and 2009 and for the cumulative period  from May 1, 2007( Inception) through November 30, 2010 (Unaudited)                |  5 |
|     |                  |                                                                                                                                                                                                                                                |   |
|     |                  | Condensed Statement of Shareholders’ Equity for the nine months ended November 30, 2010 and for the cumulative period from May 1, 2007 (Inception) through November 30, 2010 (Unaudited)                                                      |  6 |
|     |                  |                                                                                                                                                                                                                                                |   |
|     |                  | Notes to Unaudited Condensed Financial Statements                                                                                                                                                                                                   | 7 |
|     |                  |                                                                                                                                                                                                                                                |   |
|     | ITEM 2.               | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                                         | 13 |
|     |                  |                                                                                                                                                                                                                                                |   |
|     | ITEM 4T.              | CONTROLS AND PROCEDURES                                                                                                                                                                                                                             | 16 |
|     |                  |
| PART II. | OTHER INFORMATION     | 17                                                                                                                                                                                                                                                  |
|     |                  |
|     | ITEM 1.               | Legal Proceedings                                                                                                                                                                                                                                   | 17 |
|     |                  |                                                                                                                                                                                                                                                |   |
|     | ITEM 2.               | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                         | 17 |
|     |                  |                                                                                                                                                                                                                                                |   |
|     | ITEM 3.               | Default Upon Senior Securities                                                                                                                                                                                                                      | 17 |
|     |                  |                                                                                                                                                                                                                                                |   |
|     | ITEM 4.               | Submission of Matters to a Vote of Security Holders                                                                                                                                                                                                 | 17 |
|     |                  |                                                                                                                                                                                                                                                |   |
|     | ITEM 5.               | Other Information                                                                                                                                                                                                                                   | 17 |
|     |                  |                                                                                                                                                                                                                                                |   |
|     | ITEM 6.               | EXHIBITS                                                                                                                                                                                                                                            | 17 |
|     |                  |
|     | SIGNATURES            | 17                                                                                                                                                                                                                                                  |

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| Sterling Oil & Gas Company                                                                                        |   |
|-----------------------------------------------------------------------------------------------------------------------|--------|
| (An Exploration Stage Company)                                                                                        |   |
| Condensed Balance Sheets                                                                                              |   |
|                                                                                                                  |   |
|                                                                                                                  |   | November 30, 2010 |   |   | February 28, 2010 |   |
| Assets                                                                                                                |   | (Unaudited) |   |   |   |   |
| Current assets:                                                                                                       |   |   |   |   |   |   |
| Cash and cash equivalents                                                                                             |   | $ | 46,689 |   |   | $ | 139,267 |   |
| Total current assets                                                                                                  |   |   | 46,689 |   |   |   | 139,267 |   |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| Oil and Gas Properties-Unevaluated Properties, full cost method (less $370,471 and $323,824 impairment, respectively) |   |   | 204,298 |   |   |   | 242,840 |   |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| Total Assets                                                                                                          |   | $ | 250,987 |   |   | $ | 382,107 |   |
|                                                                                                                  |   |   |   |   |   |   |   |   |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| Liabilities and Shareholders’ Equity (Deficit)                                                                  |   |   |   |   |   |   |   |   |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| Accounts payable                                                                                                      |   | $ | 3,246 |   |   | $ | 2,419 |   |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| Shareholders’ equity (deficit):                                                                                 |   |   |   |   |   |   |   |   |
| Preferred stock, $.00001 par value; 100,000,000 shares authorized, 0 shares                                           |   |   |   |   |   |   |   |   |
|        issued and outstanding                                                      |   |   | -- |   |   |   | -- |   |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| Common stock, $.00001 par value; 100,000,000 shares authorized,                                                       |   |   |   |   |   |   |   |   |
| 15,925,000 shares issued and outstanding                                                                              |   |   |   |   |   |   |   |   |
| at November 30, 2010 and February 28, 2010, respectively.                                                             |   |   | 159 |   |   |   | 159 |   |
| Additional paid-in capital                                                                                            |   |   | 2,284,932 |   |   |   | 2,282,582 |   |
| Deficit accumulated during development stage                                                                          |   |   | (2,037,350 | ) |   |   | (1,903,053 | ) |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| Total shareholders’ equity (deficit)                                                                            |   |   | 247,741 |   |   |   | 379,688 |   |
|                                                                                                                  |   |   |   |   |   |   |   |   |
| Total Liabilities and Shareholders’ Equity                                                                      |   | $ | 250,987 |   |   | $ | 382,107 |   |

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| Sterling Oil & Gas Company                                                                          |   |
|---------------------------------------------------------------------------------------------------------|--------|
| (An Exploration Stage Company)                                                                          |   |
| Condensed Statements of Operations                                                                      |   |
| (Unaudited)                                                                                             |   |
|                                                                                                    |   |  For the Three Months ended November 30, |   |   |  For the Nine months ended November 30, |   |   | May 1, 2007(Inception)ThroughNovember 30, |   |
|                                                                                                    |   | 2010 |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |   | 2010 |   |
| Revenues                                                                                                |   | $ | -- |   |   | $ | -- |   |   | $ | -- |   |   | $ | -- |   |   | $ | -- |   |
|                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Personnel costs                                                           |   |   | 23,370 |   |   |   | -- |   |   |   | 58,461 |   |   |   | 27,278 |   |   |   | 326,331 |   |
|      Professional fees                                                         |   |   | 5,492 |   |   |   | 22,324 |   |   |   | 26,575 |   |   |   | 59,892 |   |   |   | 336,671 |   |
| Impairment and abandonment of unproved properties                                                       |   |   |   15,549 |   |   |   |   -- |   |   |   |   46,647 |   |   |   |   228,482 |   |   |   |   1,342,384 |   |
|      Other general and       administrative |   |   | 477 |   |   |   | 3,732 |   |   |   | 3,924 |   |   |   | 6,960 |   |   |   | 44,422 |   |
|                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating loss                                                                                          |   |   | (44,888 | ) |   |   | (26,056 | ) |   |   | (135,607 | ) |   |   | (322,612 | ) |   |   | (2,049,808 | ) |
|                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense)                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       Interest income                                                     |   |   | 266 |   |   |   | 1,011 |   |   |   | 1,310 |   |   |   | 1,547 |   |   |   | 12,458 |   |
|                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                                |   | $ | (44,622 | ) |   | $ | (25,045 | ) |   | $ | (134,297 | ) |   | $ | (321,065 | ) |   | $ | (2,037,350 | ) |
|                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per share                                                                        |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.01 | ) |   | $ | (0.02 | ) |   |   |   |   |
|                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares outstanding, basic and diluted                                           |   |   |   15,925,000 |   |   |   |   15,925,000 |   |   |   |   15,925,000 |   |   |   |   15,925,000 |   |   |   |   |   |

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| Sterling Oil & Gas Company                                                        |   |
|---------------------------------------------------------------------------------------|--------|
| (An Exploration Stage Company)                                                        |   |
| Condensed Statements of Cash Flows                                                    |   |
| (Unaudited)                                                                           |   |
|                                                                                  |   |
|                                                                                  |   |  For the Nine Months ended November 30, |   |   | For the Nine Months ended November 30, |   |   | From May 1, 2007 (Inception) ThroughNovember 30, |   |
|                                                                                  |   | 2010 |   |   | 2009 |   |   | 2010 |   |
| Cash Flows From Operating Activities:                                                 |   |   |   |   |   |   |   |   |   |
| Net Loss                                                                              |   | $ | (134,297 | ) |   | $ | (321,065 | ) |   | $ | (2,037,350 | ) |
| Adjustments to reconcile net loss to net cash used by operating activities:           |   |   |   |   |   |   |   |   |   |   |   |   |
|      Contributed services                                    |   |   | 2,350 |   |   |   | 14,050 |   |   |   | 56,650 |   |
|       Impairment and abandonment of unproved properties |   |   | 46,647 |   |   |   | 228,482 |   |   |   | 1,342,384 |   |
|      Changes in operating assets and liabilities:            |   |   |   |   |   |   |   |   |   |   |   |   |
|          Accounts payable                |   |   | 827 |   |   |   | (2,184 | ) |   |   | 3,246 |   |
| Net cash(used in)                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| operating activities                                                                  |   |   | (84,473 | ) |   |   | (80,717 | ) |   |   | (635,070 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Unevaluated oil and gas properties-additions                                          |   |   | (8,105 | ) |   |   | (8,104 | ) |   |   | (224,540 | ) |
| Refund of purchase deposit                                                            |   |   | -- |   |   |   | -- |   |   |   | 80,856 |   |
| Undeveloped oil and gas properties-sales                                              |   |   | -- |   |   |   | 183,000 |   |   |   | 391,233 |   |
| Net cash provided by, (used in)                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| investing activities                                                                  |   |   | (8,105 | ) |   |   | 174,896 |   |   |   | 247,549 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash flows from financing activities:                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds from the sale of common stock                                                |   |   | -- |   |   |   | -- |   |   |   | 435,000 |   |
| Payments for offering costs                                                           |   |   | -- |   |   |   | -- |   |   |   | (790 | ) |
| Net cash provided by                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| financing activities                                                                  |   |   | -- |   |   |   | -- |   |   |   | 434,210 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Increase (decrease) in cash and                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| cash equivalents                                                                      |   |   | (92,578 | ) |   |   | 94,179 |   |   |   | 46,689 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents:                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning of period                                                                   |   |   | 139,267 |   |   |   | 66,321 |   |   |   | -- |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| End of period                                                                         |   | $ | 46,689 |   |   | $ | 160,500 |   |   | $ | 46,689 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Noncash investing and financing transaction:                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|      Transfer of oil and gas properties from Big Cat         |   | $ | -- |   |   | $ | -- |   |   | $ | 1,794,231 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |

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| Sterling Oil & Gas Company                    |
|---------------------------------------------------|
| (An Exploration Stage Company)                    |
| Condensed Statement of Shareholders’ Equity |
| (Unaudited)                                       |

|                                                                                              |   | Common Stock |       |   |              |   |    |                       |   |   |                                            |   |
|---------------------------------------------------------------------------------------------------|--------|--------------|------------|--------|-------------------|--------|---------|----------------------------|--------|--------|-------------------------------------------------|--------|
|                                                                                              |   | Shares       |       |   | Par value $.00001 |   |    | Additional Paid-in Capital |   |   | (Deficit) Incurred DuringExploration Stage |   |   | Total |   |
|                                                                                              |   |         |       |   |              |   |    |                       |   |   |                                            |   |   |   |   |
| Balance, at May 1, 2007( Inception)                                                               |   |         | --         |   |              | $      | --      |                       |   | $      | --                                              |   |   | $ | -- |   |   | $ | -- |   |
| Stock issued for properties transferred from Big Cat at inception, May 1, 2007, $0.1794 per share |   |         | 10,000,000 |   |              |   | 100     |                       |   |   | 1,794,131                                       |   |   |   | – |   |   |   | 1,794,231 |   |
| Private placement June 2007, $0.05 per share                                                      |   |         | 5,000,000  |   |              |   | 50      |                       |   |   | 249,950                                         |   |   |   | – |   |   |   | 250,000 |   |
| Other-contributed services                                                                        |   |         | –    |   |              |   | – |                       |   |   | 30,800                                          |   |   |   | – |   |   |   | 30,800 |   |
| Other costs-issuance fees                                                                         |   |         |       |   |              |   |    |                       |   |   | (790                                            | )      |   |   |   |   |   |   | (790 | ) |
| Net loss                                                                                          |   |         | –    |   |              |   | – |                       |   |   | –                                         |   |   |   | (740,320 | ) |   |   | (740,320 | ) |
| Balance, February 29, 2008                                                                        |   |         | 15,000,000 |   |              |   | 150     |                       |   |   | 2,074,091                                       |   |   |   | (740,320 | ) |   |   | 1,333,921 |   |
| Public offering August 2008, $0.20 per share                                                      |   |         | 325,000    |   |              |   | 3       |                       |   |   | 64,997                                          |   |   |   | – |   |   |   | 65,000 |   |
| Public offering October 2008, $0.20 per share                                                     |   |         | 600,000    |   |              |   | 6       |                       |   |   | 119,994                                         |   |   |   | -- |   |   |   | 120,000 |   |
| Other-contributed services                                                                        |   |         | --         |   |              |   | --      |                       |   |   | 8,700                                           |   |   |   | -- |   |   |   | 8,700 |   |
| Net loss                                                                                          |   |         | –    |   |              |   | – |                       |   |   | –                                         |   |   |   | (750,266 | ) |   |   | (750,266 | ) |
| Balance, February 28, 2009                                                                        |   |         | 15,925,000 |   |              |   | 159     |                       |   |   | 2,267,782                                       |   |   |   | (1,490,586 | ) |   |   | 777,355 |   |
| Other-contributed services                                                                        |   |         | --         |   |              |   | --      |                       |   |   | 14,800                                          |   |   |   | -- |   |   |   | 14,800 |   |
|     Net loss                                                                  |   |         | --         |   |              |   | --      |                       |   |   | --                                              |   |   |   | (412,467 | ) |   |   | (412,467 | ) |
| Balance, February 28,2010                                                                         |   |         | 15,925,000 |   |              |   | 159     |                       |   |   | 2,282,582                                       |   |   |   | (1,903,053 | ) |   |   | 379,688 |   |
|     Other-contributed services                                                |   |         | --         |   |              |   | --      |                       |   |   | 2,350                                           |   |   |   | -- |   |   |   | 2,350 |   |
|     Net loss                                                                  |   |         | --         |   |              |   | --      |                       |   |   | --                                              |   |   |   | (134,297 | ) |   |   | (134,297 | ) |
| Balance, November 30, 2010                                                                        |   |         | 15,925,000 |   |              | $      | 159     |                       |   | $      | 2,284,932                                       |   |   | $ | (2,037,350 | ) |   | $ | 247,741 |   |
|                                                                                              |   |         |       |   |              |   |    |                       |   |   |                                            |   |   |   |   |   |   |   |   |   |

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| 1.   | Presentation, Organization and Nature of Operations: |
|----------------|------------------------------------------------------|

| 2.   | Liquidity: |
|----------------|------------|

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| 3.   | Summary of Significant Accounting Policies: |
|----------------|---------------------------------------------|

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| Fair Value Measurements at Reporting Date Using |   |
|-------------------------------------------------|--------|
|    Description                   |   |   November 30, 2010 |   |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
| Oil & gas properties-unevaluated properties |   | $ | 204,298 |   |   | $ | 0 |   |   | $ | 0 |   |   | $ | 204,298 |   |
| Total                                           |   | $ | 204,298 |   |   | $ | 0 |   |   | $ | 0 |   |   | $ | 204,298 |   |

|                              |   | Nine months EndedNovember 30, 2010 |     |
|-----------------------------------|--------|------------------------------------|----------|
| Balance February 28,2010          |   | $                                  | 242,840  |   |
|   Delay rental payments |   |                               | 8,105    |   |
|   Impairment            |   |                               | ( 46,647 | ) |
| Balance November 30, 2010         |   | $                                  | 204,298  |   |

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| 4.   | Oil and Gas Property Acquisitions: |
|----------------|------------------------------------|

| 5.   | Related Party Transactions: |
|-----------|-----------------------------|

| 6.   | Shareholders’ Equity: |
|-----------|-----------------------------|

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| 7.   | Income Taxes: |
|----------------|---------------|

| 8.   | Commitments and Contingencies: |
|----------------|--------------------------------|

| 9.   | Subsequent Events |
|----------------|-------------------|

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| ITEM 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations |
|----------------------------------------------------------------------------------------------------------------|

|   | our future financial position, including working capital and anticipated cash flow; |
|--------|-------------------------------------------------------------------------------------|

|   | the risks of the oil and gas industry, such as operational risks in exploring for, developing and producing crude oil and natural gas; |
|--------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | market demand; |
|--------|----------------|

|   | risks and uncertainties involving geology of oil and gas deposits; |
|--------|--------------------------------------------------------------------|

|   | the uncertainty of any reserve estimates and reserves life; |
|--------|-------------------------------------------------------------|

|   | the uncertainty of estimates and projections relating to any production, costs and expenses; |
|--------|----------------------------------------------------------------------------------------------|

|   | potential delays or changes in plans with respect to exploration or development projects or capital expenditures; |
|--------|-------------------------------------------------------------------------------------------------------------------|

|   | fluctuations in oil and gas prices; |
|--------|-------------------------------------|

|   | health, safety and environmental risks; |
|--------|-----------------------------------------|

|   | uncertainties as to the availability and cost of financing; and |
|--------|-----------------------------------------------------------------|

|   | the possibility that government policies or laws may change or governmental approvals may be delayed or withheld. |
|--------|-------------------------------------------------------------------------------------------------------------------|

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| ITEM 4T. | CONTROLS AND PROCEDURES |
|----------|-------------------------|

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| Exhibits | Document Description                                      |
|----------|-----------------------------------------------------------|
| 31.1     | Section 302 Certification of Principal Executive Officer. |
| 31.2     | Section 302 Certification of Principal Financial Officer. |
| 32.1     | Section 906 Certification of Chief Executive Officer.     |
| 32.2     | Section 906 Certification of Chief Financial Officer.     |

|   | Sterling Oil & Gas Company |
|--------|--------------------------------|
|   |                           |   |
|   | BY:                            | /s/ Timothy Barritt |
|   |                           | Timothy Barritt, President and Principal  Executive Officer |
|   |                           |   |
|   | BY:                            | /s/ Richard G. Stifel |
|   |                           | Richard G. Stifel, CFO and Principal Financial Officer |

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