----

----

| [X]            | QUARTERLY      REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934     |
|----------------|----------------------------------------------------------------------------------------------------|
|           | FOR      THE QUARTERLY PERIOD ENDED MARCH 31, 2009                                                 |
|           |                                                                                               |
| OR             |                                                                                               |
|           |                                                                                               |
| [  ] | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |

----

----

----

| ITEM      1. | FINANCIAL      STATEMENTS |
|--------------|---------------------------|

|                                                                             |          Index |
|----------------------------------------------------------------------------------|-------------------------------|
|                                                                             |                          |
| Consolidated      Balance Sheets (unaudited)       | F-1                           |
|                                                                             |                          |
| Consolidated      Statements of Expenses (unaudited)                             | F-2                           |
|                                                                             |                          |
| Consolidated      Statements of Cash Flows (unaudited)                           | F-3                           |
|                                                                             |                          |
| Notes      to the Consolidated Financial Statements (unaudited)                  | F-4                           |

----

| AM      Oil Resources & Technology Inc. |
|---------------------------------------------|

| (Formerly      Aventerra Explorations Inc.) |
|---------------------------------------------|

| (An      Exploration Stage Company) |
|-------------------------------------|

| Consolidated      Balance Sheets |
|----------------------------------|

| (unaudited) |
|-------------|

|                                                                                                                              |          | March      31,                                                                                    |    | December      31,                                       |
|-----------------------------------------------------------------------------------------------------------------------------------|---------------|---------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------|
|                                                                                                                              |          | 2009                                                                                              |    | 2008                                                    |
|                                                                                                                              |          |                                                                                              |    |                                                    |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| ASSETS                                                                                                                            |          |                                                                                              |    |                                                    |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Current      Assets                                                                                                               |          |                                                                                              |    |                                                    |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Cash      and cash equivalents                                                                                                    |  $       |                – | $       |     9,791                           |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Total      Current Assets                                                                                                         |          | –                                                                                           |    | 9,791                                                   |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Intangible      assets                                                                                                            |          | 5,078,750                                                                                         |    | –                                                 |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Total      Assets                                                                                                                 |        $ |     5,078,750                                                                 |  $ |       9,791               |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY (DEFICIT)                                                                         |          |                                                                                              |    |                                                    |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Current      Liabilities                                                                                                          |          |                                                                                              |    |                                                    |
|   Bank      overdraft                                                                                                   |        $ |         2,006                                             |  $ |         – |
|   Accounts      payable                                                                                                 |          | 39,499                                                                                            |    | 24,891                                                  |
|   Accounts      payable – related party                                                                           |          | 23,445                                                                                            |    | 22,810                                                  |
|   Accrued      liabilities                                                                                              |          | 6,578                                                                                             |    | 3,875                                                   |
|   Note      payable                                                                                                     |          | 424,907                                                                                           |    | –                                                 |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Total      Current Liabilities                                                                                                    |          | 496,435                                                                                           |    | 51,576                                                  |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Stockholders’      Equity (Deficit)                                                                                         |          |                                                                                              |    |                                                    |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Preferred      Stock, 100,000,000 shares authorized, $0.00001 par value,No      shares issued and outstanding                     |          | –                                                                                           |    | –                                                 |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Common      Stock, 150,000,000 shares authorized, $0.00001 par value,71,400,000      and 98,900,000 shares issued and outstanding |          | 714                                                                                               |    | 989                                                     |
|                                                                                                                              |          |                                                                                              |    |                                                    |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Additional      Paid-in Capital                                                                                                   |          | 4,712,581                                                                                         |    | 50,511                                                  |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Deficit      Accumulated During the Exploration Stage                                                                             |          | (130,980)                                                                                         |    | (93,285)                                                |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Total      Stockholders’ Equity (Deficit)                                                                                   |          | 4,582,315                                                                                         |    | (41,785)                                                |
|                                                                                                                              |          |                                                                                              |    |                                                    |
| Total      Liabilities and Stockholders’ Equity (Deficit)                                                                   |  $       |   5,078,750                                                                             |  $ |     9,791                           |
|                                                                                                                              |          |                                                                                              |    |                                                    |

----

| AM      Oil Resources & Technology Inc. |
|---------------------------------------------|

| (Formerly      Aventerra Explorations Inc.) |
|---------------------------------------------|

| (An      Exploration Stage Company) |
|-------------------------------------|

| Consolidated      Statements of Expenses |
|------------------------------------------|

| (unaudited) |
|-------------|

|                                                               |                                    |                                               |                                        |
|--------------------------------------------------------------------|-----------------------------------------|----------------------------------------------------|---------------------------------------------|
|                                                               |                                    |                                               | Period      from                            |
|                                                               |                                    |                                               | February      27, 2007                      |
|                                                               |                                    |                                               | (Inception)                                 |
|                                                               |  Three      months ended March 31, | To      March 31,                                  |
|                                                               |           2009      | 2008                                               | 2009                                        |
|                                                               |                                    |                                               |                                        |
|                                                               |                                    |                                               |                                        |
| Costs      and Expenses                                            |                                    |                                               |                                        |
|                                                               |                                    |                                               |                                        |
| General      and Administrative                                    |  $    14,815   | $       – | $      20,790 |
| Amortization                                                       | 21,250                                  |        –  | 21,250                                      |
|                                                               |                                    |                                               |                                        |
|      Total      costs and expenses        |  36,065                            | –                                            | 42,040                                      |
|                                                               |                                    |                                               |                                        |
| Interest      expense                                              | 1,702                                   | –                                            | 1,702                                       |
| Foreign      currency exchange loss                                | (72)                                    | –                                            | (72)                                        |
|                                                               |                                    |                                               |                                        |
| Net      Loss Before Discontinued Operations                       | (37,695)                                | –                                            | (43,670)                                    |
|                                                               |                                    |                                               |                                        |
| Loss      from Discontinued Operations                             |                                    |                                               |                                        |
|                                                               |                                    |                                               |                                        |
|   Discontinued      Operations (Note 7)                  | –                                 | (12,107)                                           | (87,310)                                    |
|                                                               |                                    |                                               |                                        |
| Net      Loss                                                      | $  (37,695)                   | $  (12,107)                              | $  (130,980)                      |
|                                                               |                                    |                                               |                                        |
|                                                               |                                    |                                               |                                        |
| Net      Loss Per Share – Basic and Diluted:                 |                                    |                                               |                                        |
|                                                               |                                    |                                               |                                        |
|   Discontinued      Operations                           | N/A                                     | $     0.00                | N/A                                         |
|   Net      Loss                                          | $     0.00     | $     0.00                | N/A                                         |
|                                                               |                                    |                                               |                                        |
|                                                               |                                    |                                               |                                        |
| Weighted      Average Shares Outstanding – Basic and Diluted | 87,594,000                              | 98,900,000                                         | 81,072,000                                  |

----

|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
|---------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|
|                                                                            |                                                                                                                                                                                         |                                                                                   | Period      from                                                                          |
|                                                                            |                                                                                                                                                                                         |                                                                                   | February      27, 2007                                                                    |
|                                                                            |                                                                                                                                                                                         |                                                                                   | (Date      of Inception)                                                                  |
|                                                                            | Three      months ended March 31,                                                                                                                                                            | To      March 31,                                                                      |
|                                                                            | 2009                                                                                                                                                                                         | 2008                                                                                   | 2009                                                                                      |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Operating      Activities                                                       |                                                                                                                                                                                         |                                                                                   |                                                                                      |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Net      loss for the period                                                    | $    (37,695)                                                                                                                                                            | $    (12,107)                                                      | $   (130,980)                                                              |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Adjustment      to reconcile net loss to cashused      in operating activities: |                                                                                                                                                                                         |                                                                                   |
| Donated      services and expenses                                              | –                                                                                                                                                                                      | 1,500                                                                                  | 10,500                                                                                    |
| Accretion      of discount on promissory note                                   | 1,702                                                                                                                                                                                        | –                                                                                | 1,702                                                                                     |
| Amortization                                                                    | 21,250                                                                                                                                                                                       | –                                                                                | 21,250                                                                                    |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Changes      in operating assets and liabilities:                               |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Prepaid      expenses                                                           | –                                                                                                                                                                                      | (1,224)                                                                                | –                                                                                   |
| Account      payable                                                            | 243                                                                                                                                                                                          | 2,127                                                                                  | 25,134                                                                                    |
| Accrued      liabilities                                                        | 2,703                                                                                                                                                                                        | 1,534                                                                                  |               6,578 |
| Net      Cash Used in Operating Activities                                      | (11,797)                                                                                                                                                                                     | (8,170)                                                                                | (65,816)                                                                                  |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Financing      Activities                                                       |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Bank      overdraft                                                             | 2,006                                                                                                                                                                                        | –                                                                                | 2,006                                                                                     |
| Issuance      of common stock                                                   | –                                                                                                                                                                                      | –                                                                                | 41,000                                                                                    |
| Due      to related party                                                       | –                                                                                                                                                                                      | –                                                                                | 22,810                                                                                    |
| Net      Cash Provided by Financing Activities                                  | 2,006                                                                                                                                                                                        | –                                                                                | 65,816                                                                                    |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Decrease      In Cash                                                           | (9,791)                                                                                                                                                                                      | (8,170)                                                                                | –                                                                                   |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Cash      – Beginning of Period                                           | 9,791                                                                                                                                                                                        | 30,841                                                                                 | –                                                                                   |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Cash      – End of Period                                                 | $           –                                                                                                                   | $     22,671                                                  | $         –                            |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Supplemental      Disclosures                                                   |                                                                                                                                                                                         |                                                                                   |                                                                                      |
|   Interest      paid                                                  | $           –                                                                                                                   | $             – | $         –                            |
|   Income      taxes paid                                              | –                                                                                                                                                                                      | –                                                                                | –                                                                                   |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Non-Cash      Disclosures                                                       |                                                                                                                                                                                         |                                                                                   |                                                                                      |
|                                                                            |                                                                                                                                                                                         |                                                                                   |                                                                                      |
| Reclass      of related party debt to accounts payable                          |                      $         – | $         –                         | $        22,810                                   |
| Common      stock issued for intangible assets                                  | 4,676,795                                                                                                                                                                                    |         –                                                              |    4,676,795                                                               |
| Note      payable issued for intangible assets                                  |     500,000                                                                                                                                                              |           –                    |       500,000                                               |
| Discount      on note payable                                                   | (76,795)                                                                                                                                                                                     | –                                                                                | (76,795)                                                                                  |
| Repurchase      of common stock                                                 |       15,000                                                                                                                                                   |           –                    |         15,000                                    |

----

| 1.   | Nature      of Operations and Continuance ofBusiness |
|----------------|------------------------------------------------------|

| 2.   | Going      Concern |
|----------------|--------------------|

| 3.   | Patents |
|----------------|---------|

----

| 4.   | Note      Payable |
|----------------|-------------------|

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

| a)   | During      the three month period ended March 31, 2008, the Company recognized      $1,500, respectively, for management services at $500 per month provided      by the former President of the Company. These services were terminated in      November 2008 and there were no charges for the period ended March 31,      2009. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | At      March 31, 2009 and December, 31, 2008, the Company owed to a former      director of the Company $23,445 and $22,810, respectively, representing      expenditures paid on behalf of the Company. The former director resigned      as director and officer on November 25, 2008, and amounts due to the      former director are now reflected in accounts  payable. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | On      February 22, 2009, 57,500,000 shares of common stock were cancelled and      returned to treasury by the former President of the Company in      consideration for $15,000. At March 31, 2009, the amount is included in      accounts payable. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Common      Stock |
|----------------|-------------------|

| a)   | The      preferred stock may be divided into and issued in series by the Board of      Directors. The Board is authorized to fix and determine the designations,      rights, qualifications, preferences, limitations and terms, within legal      limitations. As of March 31, 2009 and December 31, 2008, there was no      preferred stock issued andoutstanding. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | On      February 18, 2009, the Company reduced the authorized shares of common      stock from 1,150,000,000 shares of common stock with a par value of      $0.00001 per share to 150,000,000 shares of common stock with a par value      of $0.00001 per share. The authorized shares of preferred stock will      remain unchanged. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | On      February 22, 2009, 57,500,000 shares of common stock were cancelled and      returned to treasury by the former President of the Company in      consideration for $15,000. As at March 31, 2009, the amount is included in      accounts payable. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d)   | On      February 22, 2009, 30,000,000 common shares with a deemed fair value of      $4,676,795 were issued pursuant to the Asset Purchase Agreement with AM      Oil Resources & Technology Inc described in Note 3. Because the      Company’s common stock is not actively traded, the fair value of the stock      was determined as the residual value of the fair value of the patent less      the fair value of the note payable issued in the    transaction. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.   | Discontinued      Operations |
|----------------|------------------------------|

|   |                                       | For      the                                                   | For      the                         | Period      from                      |
|--------|--------------------------------------------|----------------------------------------------------------------|--------------------------------------|---------------------------------------|
|   |                                       | Three      months                                              | Three      Months                    | February      27, 2007                |
|   |                                       | Ended                                                          | Ended                                | (Inception)                           |
|   |                                       | March      31,                                                 | March      31,                       | To      March 31,                     |
|   |                                       | 2009                                                           | 2008                                 | 2009                                  |
|   |                                       |                                                           |                                 |                                  |
|   | Expenses                                   |                                                           |                                 |                                  |
|   |                                       |                                                           |                                 |                                  |
|   | General      and administrative            | $         – | $     3,573 | $     20,041 |
|   | Mineral      property costs                | –                                                        |                                 | 16,000                                |
|   | Professional      fees                     | –                                                        | 8,534                                | 51,269                                |
|   |                                       |                                                           |                                 |                                  |
|   | Net      Loss from Discontinued Operations | $         – | $  (12,107)                | $    (87,310)     |

----

| ITEM      2. | MANAGEMENT'S      DISCUSSION AND ANALYSIS OR PLAN OFOPERATION. |
|--------------|----------------------------------------------------------------|

----

----

| 1.   | Thermal      recovery, which involves the introduction of heat such as the injection of      steam to lower the viscosity, or thin, the heavy viscous oil, and improve      its ability to flow through the reservoir. Thermal techniques account for      over 50 percent of U.S. EOR production, primarily in      California. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Gas      injection, which uses gases such as natural gas, nitrogen, or carbon      dioxide that expand in a reservoir to push additional oil to a production      wellbore, or other gases that dissolve in the oil to lower its viscosity      and improves its flow rate. Gas injection accounts for nearly 50 percent      of EOR production in the UnitedStates. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Chemical      injection, which can involve the use of long-chained molecules called      polymers to increase the effectiveness of waterfloods, or the use of      detergent-like surfactants to help lower the surface tension that often      prevents oil droplets from moving through a reservoir. Chemical techniques      account for less than one percent of U.S. EOR  production. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM      3. | QUANTITATIVE      AND QUALITATIVE DISCLOSURES ABOUT MARKETRISK. |
|--------------|-----------------------------------------------------------------|

----

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

| ITEM      1A. | RISK      FACTORS |
|---------------|-------------------|

| ITEM      5. | OTHER      EVENTS |
|--------------|-------------------|

| ii)   | issued      30,000,000 restricted common stock to the  Vendor; |
|-----------------|----------------------------------------------------------------|

| iii)   | issued      a $500,000 note to the Vendor, in the amount of $500,000 payable in 25      monthly payments of $20,000 beginning April 30, 2009, and ending on April      30, 2011. Each monthly payment is provided a 30 day grace period, though      the total $500,000 must be paid prior to April 30, 2011. The Company      failed to make the initial payment and subsequent payments. The note      holder granted a waiver until July 31, 2009. Because the waiver does not      cover the remaining 12-month period, the entire balance of the debt is      shown as a current liability. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ITEM      6. | EXHIBITS. |
|--------------|-----------|

| Exhibit      No. | Document      Description                                                                                                                         |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|
|             |                                                                                                                                              |
| 31.1             | Certification      of Principal Executive Officer and Principal Financial Officer pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002. |
|             |
| 32.1             | Certification      of Chief Executive Officer and Chief Financial Officer pursuant to section      906 of the Sarbanes-Oxley Act of2002.          |

----

|   | AM      OIL RESOURCES & TECHNOLOGY INC. |
|--------|---------------------------------------------|
|   |                                        |   |
|   | BY:                                         | KEITH A. JOHNSON  |
|   |                                        | Keith      A. Johnson, President, Principal ExOfficer,      Treasurer, Principal Financial Officer, Principal      Accounting Officer and a memberof      the Board of Directors. |

----

| Exhibit      No. | Document      Description                                                                                                                         |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|
|             |                                                                                                                                              |
| 31.1             | Certification      of Principal Executive Officer and Principal Financial Officer pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002. |
|             |
| 32.1             | Certification      of Chief Executive Officer and Chief Financial Officer pursuant to section      906 of the Sarbanes-Oxley Act of2002.          |

----