| Nevada                                                         |   | 20-0266164                        |
|----------------------------------------------------------------|--------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (IRS Employer Identification No.) |
|                                                           |   |                              |
| 17-120 West Beaver Creek Rd., Richmond Hill, Ontario, Canada   |   | L4B 1L2                           |
| (Address of principal executive offices)                       |   | (Zip Code)                        |

| Large accelerated filer [  ]        | Accelerated filer [  ] |
|-----------------------------------------------|----------------------------------|
| Non-accelerated filer [  ]          | Smaller reporting company [X]    |
| (Do not check if a smaller reporting company) |                             |

----

| PART I - FINANCIAL INFORMATION                                                                |   |
|-----------------------------------------------------------------------------------------------|--------|
|                                                                                          |   |
| Item 1. Financial Statements                                                                  | 3      |
|                                                                                          |   |
| Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations | 8      |
|                                                                                          |   |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk                            | 16     |
|                                                                                          |   |
| Item 4. Controls and Procedures                                                               | 16     |
|                                                                                          |   |
| PART II - OTHER INFORMATION                                                                   |   |
|                                                                                          |   |
| Item 1. Legal Proceedings                                                                     | 17     |
|                                                                                          |   |
| Item 1A. Risk Factors                                                                         | 17     |
|                                                                                          |   |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                           | 17     |
|                                                                                          |   |
| Item 3. Defaults Upon Senior Securities                                                       | 17     |
|                                                                                          |   |
| Item 4. Mining Safety Disclosures                                                             | 17     |
|                                                                                          |   |
| Item 5. Other Information                                                                     | 17     |
|                                                                                          |   |
| Item 6. Exhibits                                                                              | 17     |
|                                                                                          |   |
| SIGNATURES                                                                                    | 19     |

----

----

|                                                                                      |   | August 31, |       |   | February 28, |   |
|-------------------------------------------------------------------------------------------|--------|------------|------------|--------|--------------|--------|
|                                                                                      |   | 2014       |       |   | 2014         |   |
| ASSETS                                                                                    |   |       |       |   |         |   |
|                                                                                      |   |       |       |   |         |   |
| Current                                                                                   |   |       |       |   |         |   |
| Cash                                                                                      |   | $          | 979        |   |         | $      | 26,797 |   |
| Accounts receivable                                                                       |   |       | 10,601     |   |         |   | 11,880 |   |
|                                                                                      |   |       |       |   |         |   |   |   |
| Total current assets                                                                      |   |       | 11,580     |   |         |   | 38,677 |   |
|                                                                                      |   |       |       |   |         |   |   |   |
| Property & equipment net of accumulated depreciation of $3,411 (2014 - $2,630)        |   |       | 4,298      |   |         |   | 5,080 |   |
| Oil and gas properties net of accumulated depletion of $31,794 (2014 - $27,094)           |   |       | 97,196     |   |         |   | 101,896 |   |
| Unproved oil and gas properties                                                           |   |       | 289,353    |   |         |   | 289,353 |   |
|                                                                                      |   |       |       |   |         |   |   |   |
| Total assets                                                                              |   | $          | 402,427    |   |         | $      | 435,006 |   |
|                                                                                      |   |       |       |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                     |   |       |       |   |         |   |   |   |
|                                                                                      |   |       |       |   |         |   |   |   |
| Current                                                                                   |   |       |       |   |         |   |   |   |
| Accounts payable                                                                          |   | $          | 219,876    |   |         | $      | 139,519 |   |
| Accrued liabilities                                                                       |   |       | 49,272     |   |         |   | 47,482 |   |
| Loan payable - related party                                                              |   |       | 1,462,090  |   |         |   | 1,462,090 |   |
| Loan payable                                                                              |   |       | 70,000     |   |         |   | 70,000 |   |
|                                                                                      |   |       |       |   |         |   |   |   |
| Total current liabilities                                                                 |   |       | 1,801,238  |   |         |   | 1,719,091 |   |
|                                                                                      |   |       |       |   |         |   |   |   |
|                                                                                      |   |       |       |   |         |   |   |   |
| STOCKHOLDERS' DEFICIT                                                                     |   |       |       |   |         |   |   |   |
|                                                                                      |   |       |       |   |         |   |   |   |
| Common stock, $.001 par value,450,000,000 shares authorized,                              |   |       |       |   |         |   |   |   |
| 49,016,667 shares issued and outstanding as of August 31, 2014 and February 28, 2014 |   |       | 49,017     |   |         |   | 49,017 |   |
| Additional paid in capital                                                                |   |       | 270,661    |   |         |   | 270,661 |   |
| Accumulated deficit                                                                       |   |       | (1,718,489 | )      |         |   | (1,603,763 | ) |
|                                                                                      |   |       |       |   |         |   |   |   |
| Total stockholders' deficit                                                               |   |       | (1,398,811 | )      |         |   | (1,284,085 | ) |
|                                                                                      |   |       |       |   |         |   |   |   |
| Total liabilities and stockholders' deficit                                               |   | $          | 402,427    |   |         | $      | 435,006 |   |

----

|                                                      |   | Three      |       |   | Three      |   |       | Six        |   |   | Six        |   |
|-----------------------------------------------------------|--------|------------|------------|--------|------------|--------|------------|------------|--------|--------|------------|--------|
|                                                      |   | Months     |       |   | Months     |   |       | Months     |   |   | Months     |   |
|                                                      |   | Ended      |       |   | Ended      |   |       | Ended      |   |   | Ended      |   |
|                                                      |   | August 31, |       |   | August 31, |   |       | August 31, |   |   | August 31, |   |
|                                                      |   | 2014       |       |   | 2013       |   |       | 2014       |   |   | 2013       |   |
|                                                      |   |       |       |   |       |   |       |       |   |   |       |   |
| Oil & Gas revenue                                     |   | $          | 1,497      |   |       | $      | 4,929      |       |   | $      | 7,820      |   |   | $ | 10,052 |   |
|                                                      |   |       |       |   |       |   |       |       |   |   |       |   |   |   |   |   |
| Expenses                                                  |   |       |       |   |       |   |       |       |   |   |       |   |   |   |   |   |
| General and administrative                                |   |       | 55,039     |   |       |   | 126,007    |       |   |   | 113,064    |   |   |   | 254,835 |   |
| Depreciation, amortization and depletion                  |   |       | 2,291      |   |       |   | 3,153      |       |   |   | 5,482      |   |   |   | 10,947 |   |
|                                                      |   |       | 57,330     |   |       |   | 129,160    |       |   |   | 118,546    |   |   |   | 265,782 |   |
| Other income (expense)                                    |   |       |       |   |       |   |       |       |   |   |       |   |   |   |   |   |
| Gain on disposal of equipment                             |   |       | -          |   |       |   | 3,428      |       |   |   | -          |   |   |   | 3,428 |   |
| Interest expense                                          |   |       | (2,000     | )      |       |   | (2,324     | )          |   |   | (4,000     | )      |   |   | (2,562 | ) |
|                                                      |   |       |       |   |       |   |       |       |   |   |       |   |   |   |   |   |
| Net loss                                                  |   | $          | (57,833    | )      |       | $      | (123,127   | )          |   | $      | (114,726   | )      |   | $ | (254,864 | ) |
|                                                      |   |       |       |   |       |   |       |       |   |   |       |   |   |   |   |   |
| Loss per common share - basic and diluted                 |   | $          | (0.00      | )      |       | $      | (0.01      | )          |   | $      | (0.00      | )      |   | $ | (0.01 | ) |
|                                                      |   |       |       |   |       |   |       |       |   |   |       |   |   |   |   |   |
| Weighted average number of common shares outstanding |   |       | 49,016,667 |   |       |   | 48,750,000 |       |   |   | 49,016,667 |   |   |   | 48,750,000 |   |

----

|                                                            |   | 2014   |     |   | 2013   |   |
|-----------------------------------------------------------------|--------|--------|----------|--------|--------|--------|
| Cash flows from operating activities                            |   |   |     |   |   |   |
| Net loss                                                        |   | $      | (114,726 | )      |   | $      | (254,864 | ) |
| Adjustment to reconcile net loss to net cash used in operations |   |   |     |   |   |   |   |   |
| Depreciation, amortization and depletion                        |   |   | 5,482    |   |   |   | 10,947 |   |
| Gain on oil and gas interest received                           |   |   | -        |   |   |   | (3,428 | ) |
| Accounts receivable                                             |   |   | 1,279    |   |   |   | 21,304 |   |
| Accounts payable and accrued liabilities                        |   |   | 82,147   |   |   |   | 14,715 |   |
| Net cash used in operating activities                           |   |   | (25,818  | )      |   |   | (211,326 | ) |
|                                                            |   |   |     |   |   |   |   |   |
| Cash flows from investing activities                            |   |   |     |   |   |   |   |   |
| Cash received in acquisition                                    |   |   | -        |   |   |   | 16,455 |   |
|                                                            |   |   |     |   |   |   |   |   |
| Cash flows from financing activities                            |   |   |     |   |   |   |   |   |
| Advances from related party                                     |   |   | -        |   |   |   | 183,286 |   |
| Cash received from debt issuance                                |   |   | -        |   |   |   | 400,000 |   |
| Net cash from financing activities                              |   |   | -        |   |   |   | 583,286 |   |
|                                                            |   |   |     |   |   |   |   |   |
| Net change in cash                                              |   |   | (25,818  | )      |   |   | 388,415 |   |
| Cash, beginning of period                                       |   |   | 26,797   |   |   |   | 3,375 |   |
|                                                            |   |   |     |   |   |   |   |   |
| Cash, end of period                                             |   | $      | 979      |   |   | $      | 391,790 |   |
|                                                            |   |   |     |   |   |   |   |   |
| Supplemental disclosure of cash flow information:               |   |   |     |   |   |   |   |   |
|                                                            |   |   |     |   |   |   |   |   |
| Cash paid during the year for income taxes                      |   | $      | -        |   |   | $      | - |   |
| Cash paid during the year for interest                          |   | $      | -        |   |   | $      | - |   |

----

----

----

|   | (a) | provide to Falconridge Ontario a financing of debt or equity for $1,100,000, which is to close no later than 150 days from the closing of the share exchange and on mutually agreeable terms (completed); |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | complete a private placement of an aggregate of $400,000 at $1.50 per share (for the purposes of furthering the business of Falconridge Ontario) (completed); and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | complete an equity financing, using our commercially best efforts, of up to $6,000,000 for 4,000,000 units at a price of no less than $1.50 per unit. Each unit will consist of one common share in our capital stock and one-half of one whole warrant (each one whole warrant, a “Financing Warrant”). Each Financing Warrant shall be exercisable into one share of our common stock at a price of no less than $3.00 per share for a period of 24 months from the date of issuance of the Financing Warrants. As a term to the equity financing, any party, who is successful in raising funds, with respect to the equity financing, from a private investor shall earn a cash commission of 7% and a commission of 5% payable in warrants (each, a “Commission Warrant”). Each Commission Warrant shall have the same terms as the Financing Warrants. If we are unable to complete the equity financing, then we may offer to Falconridge Ontario to complete a financing of up to $6,000,000 that may include debt, preferred shares of our company or a combination of the foregoing. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Producing well assets; |
|--------------------|------------------------|

| ·   | Dead wells; |
|--------------------|-------------|

| ·   | Non-performing well assets; and |
|--------------------|---------------------------------|

| ·   | Low yield assets. |
|--------------------|-------------------|

----

|   | 1. | Falconridge Ontario is required to finance the technology implementation, then Meadowbank will be entitled to 10% of total gross revenue earned by Falconridge from the establishment of relationships and target from Meadowbank after initial expenses of enhancement or implementation are recovered from the property; or |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | Falconridge Ontario is not required to finance the technology implementation, then Meadowbank will be entitled to: |
|--------|----|--------------------------------------------------------------------------------------------------------------------|

|   | a. | 20% of total gross revenue earned by Falconridge from the establishment of relationships and target from Meadowbank; and |
|--------|----|--------------------------------------------------------------------------------------------------------------------------|

|   | b. | 10% of any up-front fees charged for the implementation of the technology. |
|--------|----|----------------------------------------------------------------------------|

----

|                                      |   | Three Months EndedAugust 31, |    |   | Six Months EndedAugust, |   |
|-------------------------------------------|--------|------------------------------|---------|--------|-------------------------|--------|
|                                      |   | 2014                         |    |   | 2013                    |   |   | 2014 |   |   | 2032 |   |
|                                      |   |                         |    |   |                    |   |   |   |   |   |   |   |
| Oil & Gas Revenue                     |   | $                            | 1,497   |   |                    | $      | 4,929 |   |   | $ | 7,820 |   |   | $ | 10,052 |   |
| General and administrative expenses       |   | $                            | 55,038  |   |                    | $      | 126,007 |   |   | $ | 113,064 |   |   | $ | 254,835 |   |
| Depreciation, Amortization and Depletion  |   | $                            | 2,291   |   |                    | $      | 3,153 |   |   | $ | 5,482 |   |   | $ | 10,947 |   |
| Loss (Gain) on disposal of capital assets |   | $                            | Nil     |   |                    | $      | (3,428 | ) |   | $ | Nil |   |   | $ | (3,428 | ) |
| Interest Expense                          |   | $                            | 2,000   |   |                    | $      | 2,324 |   |   | $ | 4,000 |   |   | $ | 2,562 |   |
| Net Loss                                  |   | $                            | (57,833 | )      |                    | $      | (123,127 | ) |   | $ | (114,726 | ) |   | $ | (254,864 | ) |

----

|                |   | August 31,2014 |       |   | February 28,2014 |   |
|---------------------|--------|----------------|------------|--------|------------------|--------|
|                |   |           |       |   |             |   |
| Current Assets      |   | $              | 11,580     |   |             | $      | 38,667 |   |
| Current Liabilities |   | $              | 1,801,238  |   |             | $      | 1,791,091 |   |
| Working Capital     |   | $              | (1,789,658 | )      |             | $      | (1,752,424 | ) |

|                                           |   | Six MonthsendedAugust 31,2014 |    |   | Six MonthsendedAugust 31,2013 |   |
|------------------------------------------------|--------|-------------------------------|---------|--------|-------------------------------|--------|
|                                           |   |                          |    |   |                          |   |
| Cash Flows from (used in) Operating Activities |   | $                             | (25,818 | )      |                          | $      | (211,326 | ) |
| Cash Flows from (used in) Investing Activities |   | $                             | Nil     |   |                          | $      | 16,455 |   |
| Cash Flows from (used in) Financing Activities |   | $                             | Nil     |   |                          | $      | 583,286 |   |
| Net Increase (decrease) in Cash During Period  |   | $                             | (25,818 | )      |                          | $      | 388,415 |   |

----

| Expense                                      |   | Amount ($) |      |
|----------------------------------------------|--------|------------|-----------|
|                                         |   |       |      |   |
| Consulting Fees for Research and Development |   |       | Nil       |   |
| Engineering                                  |   |       | 2,000,000 |   |
| Fixed asset purchases                        |   |       | 15,000    |   |
| Management Consulting Fees                   |   |       | 300,000   |   |
| Professional fees                            |   |       | 180,000   |   |
| Rent                                         |   |       | 55,000    |   |
| Sales, Travel and Marketing                  |   |       | 120,000   |   |
| Other general administrative expenses        |   |       | 74,000    |   |
| Total                                        |   |       | 2,744,000 |   |

----

----

----

| Exhibit Number |   | Exhibit Description                                                                                                                                             |
|----------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |   |                                                                                                                                                            |
| (3)            |   | Articles of Incorporation; Bylaws                                                                                                                               |
|           |   |                                                                                                                                                            |
| 3.1            |   | Articles of Incorporation of Falconridge Oil Technologies Corp. (incorporated by reference to our Registration Statement on Form S-1 filed on October 14, 2008) |
|           |   |                                                                                                                                                            |
| 3.2            |   | Bylaws of Falconridge Oil Technologies Corp. (incorporated by reference to our Registration Statement on Form S-1 filed on October 14, 2008)                    |
|           |   |                                                                                                                                                            |
| 3.3            |   | Certificate of Change (incorporated by reference to our Current Report on Form 8-K filed on December 29, 2010)                                                  |
|           |   |                                                                                                                                                            |
| 3.4            |   | Articles of Merger (incorporated by reference to our Current Report on Form 8-K filed on December 29, 2010)                                                     |
|           |   |                                                                                                                                                            |
| 3.5            |   | Articles of Merger (incorporated by reference to our Current Report on Form 8-K filed on June 28, 2013)                                                         |
|           |   |                                                                                                                                                            |
| (4)            |   | Instrument Defining the Right of Holders, Including Indentures                                                                                                  |
|           |   |                                                                                                                                                            |
| 4.1            |   | Form of Share Certificate (incorporated by reference to our Current Report on Form 8-K filed on August 21, 2013)                                                |

----

| Exhibit Number |   | Exhibit Description                                                                                                                                                                                                                                                 |
|----------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |   |                                                                                                                                                                                                                                                                |
| (10)           |   | Material Contracts                                                                                                                                                                                                                                                  |
|           |   |                                                                                                                                                                                                                                                                |
| 10.1           |   | Services and Gross Overriding Royalty Agreement dated October 7, 2011 (incorporated by reference to our Amended Registration Statement on Form S-1/A #5 filed on July 22, 2014)***                                                                                  |
|           |   |                                                                                                                                                                                                                                                                |
| 10.2           |   | Agreement between Falconridge Ontario and Meadowbank Asset Management Inc. dated February 17, 2011 (incorporated by reference to our Amended Registration Statement on Form S-1/A #2 filed on December 16, 2013)                                                    |
|           |   |                                                                                                                                                                                                                                                                |
| 10.3           |   | License Agreement with HydroSlotter Corporation of Canada dated October 1, 2012 (incorporated by reference to our Amended Registration Statement on Form S-1/A #5 filed on July 22, 2014)***                                                                        |
|           |   |                                                                                                                                                                                                                                                                |
| 10.4           |   | Share Exchange Agreement among Falconridge Oil Technologies Corp., Falconridge Oil Ltd. and the Shareholders of Falconridge Oil Ltd. dated August 2, 2013 (incorporated by reference to our Amended Registration Statement on Form S-1/A filed on October 23, 2013) |
|           |   |                                                                                                                                                                                                                                                                |
| 10.5           |   | 2013 Stock Option Plan (incorporated by reference to our Current Report on Form 8-K filed on August 21, 2013)                                                                                                                                                       |
|           |   |                                                                                                                                                                                                                                                                |
| 10.6           |   | Management Agreement dated February 7, 2014 between our company and Mark Pellicane (incorporated by reference to our Current Report on Form 8-K filed on March 31, 2014)                                                                                            |
|           |   |                                                                                                                                                                                                                                                                |
| 10.7           |   | Management Agreement dated February 7, 2014 between our company and Alfred Morra (incorporated by reference to our Current Report on Form 8-K filed on March 31, 2014)                                                                                              |
|           |   |                                                                                                                                                                                                                                                                |
| (14)           |   | Code of Ethics                                                                                                                                                                                                                                                      |
|           |   |                                                                                                                                                                                                                                                                |
| 14.1           |   | Code of Ethics and Business Conduct (incorporated by reference to our Amended Annual Report on Form 10-K/A filed on June 16, 2014)                                                                                                                                  |
|           |   |                                                                                                                                                                                                                                                                |
| (31)           |   | Rule 13a-14(a) / 15d-14(a) Certifications                                                                                                                                                                                                                           |
|           |   |                                                                                                                                                                                                                                                                |
| 31.1*          |   | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer                                                                                                                                                          |
|           |   |                                                                                                                                                                                                                                                                |
| 31.2*          |   | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and Principal Accounting Officer                                                                                                                         |
|           |   |                                                                                                                                                                                                                                                                |
| (32)           |   | Section 1350 Certifications                                                                                                                                                                                                                                         |
|           |   |                                                                                                                                                                                                                                                                |
| 32.1*          |   | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer                                                                                                                                                          |
|           |   |                                                                                                                                                                                                                                                                |
| 32.1*          |   | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and Principal Accounting Officer                                                                                                                         |
|           |   |                                                                                                                                                                                                                                                                |
| 101**          |   | Interactive Data Files                                                                                                                                                                                                                                              |
|           |   |                                                                                                                                                                                                                                                                |
| 101.INS        |   | XBRL Instance Document                                                                                                                                                                                                                                              |
| 101.SCH        |   | XBRL Taxonomy Extension Schema Document                                                                                                                                                                                                                             |
| 101.CAL        |   | XBRL Taxonomy Extension Calculation Linkbase Document                                                                                                                                                                                                               |
| 101.DEF        |   | XBRL Taxonomy Extension Definition Linkbase Document                                                                                                                                                                                                                |
| 101.LAB        |   | XBRL Taxonomy Extension Label Linkbase Document                                                                                                                                                                                                                     |
| 101.PRE        |   | XBRL Taxonomy Extension Presentation Linkbase Document                                                                                                                                                                                                              |

| * | Filed herewith. |
|---|-----------------|

| ** | To be filed by amendment. |
|----|---------------------------|

| *** | Certain parts of this document have not been disclosed and have been filed separately with the Secretary, Securities and Exchange Commission, and are subject to a confidential treatment request pursuant to Rule 406 of the Securities Exchange Act of 1933. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                               | FALCONRIDGE OIL TECHNOLOGIES CORP.                             |
|------------------------------------|----------------------------------------------------------------|
|                               |                                                           |
|                               |                                                           |
| Date:  October, 23, 2014 | /s/ Mark Pellicane                                             |
|                               | Mark Pellicane                                                 |
|                               | President, Chief Executive Officer and Director                |
|                               | (Principal Executive Officer)                                  |
|                               |                                                           |
|                               |                                                           |
|                               |                                                           |
| Date:  October 23, 2014  | /s/ Alfred Morra                                               |
|                               | Alfred Morra                                                   |
|                               | Chief Financial Officer, Treasurer and Director                |
|                               | (Principal Financial Officer and Principal Accounting Officer) |

----