UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.  20549   FORM 10-Q  (Mark One)  [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2008  OR  [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  FOR THE TRANSITION FROM _______ TO ________.  COMMISSION FILE NUMBER: 333-146441  ALCO ENERGY CORP. (Exact Name of Small Business Issuer as Specified in its Charter)  Nevada 75-3260541 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer ID No.)  2nd Floor, 2810 Matheson Blvd., Mississauga, ON L4W 4X7 (Address of principal executive offices) (Zip code)  Issuer's telephone number: (905) 212-7467  N/A  (Former name, former address and former fiscal year, if changed since last report.)   Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ] Yes [X] No [  ]  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]  At October 30, 2008, 31,150,000 shares of the Registrant's Common Stock were issued and outstanding.  Transitional Small Business Disclosure Format: Yes [ ] No [X]                   ALCO ENERGY CORP. (FORMERLY STARTALE GROUP INC.) (A Development Stage Company) FINANCIAL STATEMENTS September 30, 2008                   ALCO ENERGY CORP (STARTALE GROUP INC.) (A Development Stage Company) BALANCE SHEETS  September 30,June 30,20082008(Unaudited)(Audited)ASSETSCurrent assetsCash$  -$  -Prepaids917-Total current assets917-Total Assets$  917$  -LIABILITIES & STOCKHOLDERS EQUITYCurrent liabilitiesAccounts payable and accrued liabilities$  1,800$  2,917Due to related parties6,9322,390Total current liabilities8,7325,307Total Liabilities8,7325,307Stockholders EquityCapital stock75,000,000 shares authorized, $0.001 par value31,500,000 shares issued and outstanding(June 30, 2007  15,000,000)31,50031,500Additional paid in capital18,92118,921Accumulated other comprehensive income381-Deficit accumulated during the development stage(58,617)(55,728)Total Stockholders Equity(7,815)(5,307)Total Liabilities and Stockholders Equity$  917$  -  The accompanying notes are an integral part of these financial statements





ALCO ENERGY CORP. (FORMERLY STARTALE GROUP INC.) (A Development Stage Company) STATEMENTS OF OPERATIONS (Unaudited)  For the ThreeFor the ThreeMonths EndedMonths EndedSeptember 30, 2008September 30, 2007Revenue$  -$  -Expenses:Accounting and audit fees$  -$  1,750Consulting-2,700General and Administrative6114,041Management-1,500Product development-2,000Travel-2,028Rent2,278-2,88914,019Loss from operations(2,889)(14,019)Other income (expense)Interest expense(-)(163)Income (loss) before provision for income tax(2,889)(14,182)Provision for income tax--Net income (loss)$  (2,889)$  (55,728)Other Comprehensive IncomeForeign exchange gain on translation381-Comprehensive Income (Loss)$  (2,508)$  (55,728)Net income (loss) per share$  (0.00)$  (0.01)Weighted average number of common shares outstanding31,500,0007,914,674


The accompanying notes are an integral part of these financial statements


ALCO ENERGY CORP. (STARTALE GROUP INC.) (A Development Stage Company) STATEMENTS OF CASH FLOWS (Unaudited)   For the ThreeFor the ThreeMonths EndedMonths EndedSeptember 30, 2008September 30, 2007Cash Flows From Operating Activities:Net income (loss)$  (2,889)$  (14,182)Adjustment to reconcile net income to net cashprovided by (used for) operating activities:Security deposit-(225)Prepaids(917)-Foreign translation gain381-Accounts payable and accrued liabilities(1,117)133Accounts payable related parties4,5422,520Net cash provided by (used for) operating activities2,889(11,754)Cash Flows From Investing  Activities:Purchase of fixed assets-(1,622)Net cash provided by (used for) investing
activities-(1,622)    ALCO ENERGY CORP (FORMERLY STARTALE GROUP INC.) (A Development Stage Company) STATEMENTS OF CASH FLOWS (Unaudited)  For the ThreeFor the ThreeMonths EndedMonths EndedSeptember 30, 2008September 30, 2007Cash Flows From Financing Activities:Loan payable - related party-162Proceeds from issuance of common stock (Net)-37,000Net cash provided by (used for) financing
activities-37,162Net Increase (Decrease) In Cash-23,786Cash At The Beginning Of The Period-11,293Cash At The End Of The Period$ -$ 35,079  Supplemental DisclosureCash paid for:Interest$
-$
-Income Taxes$
-$
-


The accompanying notes are an integral part of these financial statements


ALCO ENERGY CORP. (FORMERLY STARTALE GROUP INC.) (A Development Stage Company) STATEMENTS OF STOCKHOLDERS EQUITY (unaudited) For the three months ended September 30, 2008  DeficitAccumulatedDuring theOtherCommon SharesPaid InDevelopmentComprehensiveNumberPar Value ($.001)CapitalStageIncomeTotalBalances, June 30, 200831,500,000$  31,500$  18,921$  (55,728)$ -$  (5,307)Foreign translation gain---381381Net loss for the period---(2,889)-(2,889)Balances, September 30, 200831,500,000$  31,500$  18,921$  (58,617)$  381$  ( 7,815)


ALCO ENERGY CORP. (FORMERLY STARTALE GROUP INC.) (A Development Stage Company) NOTES TO THE FINANCIAL STATEMENTS September 30, 2008  Note 1 Nature and Continuance of Operations  Organization The Company was incorporated in the State of Nevada, United States of America on February 22, 2007 and its fiscal year end is June 30.  The Company is engaged in the design, manufacture and distribution of lifestyle inspired apparel, which will be sold through a network of wholesale accounts and retail outlets.  Going Concern These financial statements have been prepared on a going concern basis.  The Company has a working capital deficiency of $7,715, and has an accumulated deficit of $58,617 since inception.  Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due.  The outcome of these matters cannot be predicted with any certainty at this time. These factors raise substantial doubt that the company will be able to continue as a going concern. The Company to date has funded its initial operations through the issuance of common stock and related party loans and advances. Management plans to continue to provide for its capital needs by the issuance of common stock and related party advances.  These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern.  Note 2 Summary of Significant Accounting Policies  The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America.  Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgement.  Actual results may vary from these estimates.  The financial statements have, in managements opinion, been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies summarized below:  Development Stage Company  The Company complies with Financial Accounting Standard Board Statement (FAS) No. 7 and The Securities and Exchange Commission Act Guide 7 for its characterization of the Company as development stage.  Cash and cash equivalents  The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents.  Revenue Recognition  Sales are recognized when revenue is realized or realizable and has been earned. The Company's policy is to recognize revenue when risk of loss and title to the product transfers to the customer. Net sales is comprised of gross revenues less expected returns, trade discounts and customer allowances, which include costs associated with off-invoice mark-downs and other price reductions, as well as trade promotions and coupons. These incentive costs are recognized at the later of the date on which the Company recognizes the related revenue or the date on which the Company offers the incentive.  Impairment of Long-lived Assets  Capital assets are reviewed for impairment in accordance with FAS No. 144, Accounting for the Impairment or Disposal of Long-lived Assets, which was adopted effective January 1, 2002.  Under FAS No. 144, these assets are tested for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable.  An impairment charge is recognized for the amount, if any, which the carrying value of the asset exceeds the fair value.  Research and Development  Research and development expenditures are expensed as incurred.  Foreign Currency Translation  The financial statements are presented in United States dollars.  In accordance with Statement of Financial Accounting Standards No. 52, Foreign Currency Translation, since the functional currency of the Company is U.S. dollars, the foreign currency financial statements of the Companys subsidiaries are re-measured into U.S. dollars.  Monetary assets and liabilities are re-measured using the foreign exchange rate that prevailed at the balance sheet date.  Revenue and expenses are translated at weighted average rates of exchange during the year and stockholders equity accounts and furniture and equipment are translated by using historical exchange rates.  Any re-measurement gain or loss incurred is reported in the income statement.  Net Loss per Share  Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period.  Dilutive losses per share reflects the potential dilution of securities that could share in the losses of the Company.  Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share.  Stock-based Compensation  The Company has not adopted a stock option plan and has not granted any stock options.  Accordingly no stock-based compensation has been recorded to date.  Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with FAS No. 109 Accounting for Income Taxes.  Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carryforwards and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  Fair Value of Financial Instruments  The carrying value of the Companys financial instruments consisting of cash, accounts payable and accrued liabilities, agreement payable and due to related party approximate their carrying value due to the short-term maturity of such instruments.  Unless otherwise noted, it is managements opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.  Recent Accounting Pronouncements  In September 2006, the FASB issued SFAS No. 157, Fair Value Measures. This Statement defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), expands disclosures about fair value measurements, and applies under other accounting pronouncements that require or permit fair value measurements. SFAS No. 157 does not require any new fair value measurements. However, the FASB anticipates that for some entities, the application of SFAS No. 157 will change current practice. SFAS No. 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007, which for the Company would be the fiscal year beginning February 1, 2008. The Company is currently evaluating the impact of SFAS No. 157 but does not expect that it will have a material impact on its financial statements.  In September 2006, the FASB issued SFAS No. 158, Employers Accounting for Defined Benefit Pension and Other Postretirement Plans. This Statement requires an employer to recognize the over funded or under funded status of a defined benefit post retirement plan (other than a multiemployer plan) as an asset or liability in its statement of financial position, and to recognize changes in that funded status in the year in which the changes occur through comprehensive income.  SFAS No. 158 is effective for fiscal years ending after December 15, 2006 which for the Company would be February 1, 2007. The Company does not expect that the implementation of SFAS No. 158 will have any material impact on its financial position and results of operations.  In September 2006, the SEC issued Staff Accounting Bulletin (SAB) No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements. SAB No. 108 addresses how the effects of prior year uncorrected misstatements should be considered when quantifying misstatements in current year financial statements. SAB No. 108 requires companies to quantify misstatements using a balance sheet and income statement approach and to evaluate whether either approach results in quantifying an error that is material in light of relevant quantitative and qualitative factors. SAB No. 108 is effective for periods ending after November 15, 2006 which for the Company would be February 1, 2007.  The Company is currently evaluating the impact of adopting SAB No. 108 but does not expect that it will have a material effect on its financial statements.  In February 2007, the FASB issued SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities. This Statement permits entities to choose to measure many financial assets and financial liabilities at fair value. Unrealized gains and losses on items for which the fair value option has been elected are reported in earnings. SFAS No. 159 is effective for fiscal years beginning after November 15, 2007. The Company is currently assessing the impact of SFAS No. 159 on its financial position and results of operations.  In December 2007, the FASB issued two new statements: (a.) SFAS No. 141(revised 2007), Business Combinations, and (b.) No. 160, Noncontrolling Interests in Consolidated Financial Statements. These statements are effective for fiscal years beginning after December 15, 2008 and the application of these standards will improve, simplify and converge internationally the accounting for business combinations and the reporting of noncontrolling interests in consolidated financial statements.  The Company is in the process of evaluating the impact, if any, on SFAS 141 (R) and SFAS 160 and does not anticipate that the adoption of these standards will have any impact on its consolidated financial statements. (a.)  SFAS No. 141 (R) requires an acquiring entity in a business combination to: (i) recognize all (and only) the assets acquired and the liabilities assumed in the transaction, (ii) establish an acquisition-date fair value as the measurement objective for all assets acquired and the liabilities assumed, and (iii) disclose to investors and other users all of the information they will need to evaluate and understand the nature of, and the financial effect of, the business combination, and, (iv) recognize and measure the goodwill acquired in the business combination or a gain from a bargain purchase.  (b.) SFAS No. 160 will improve the relevance, comparability and transparency of financial information provided to investors by requiring all entities to: (i) report noncontrolling (minority) interests in subsidiaries in the same manner, as equity but separate from the parents equity, in consolidated financial statements, (ii) net income attributable to the parent and to the non-controlling interest must be clearly identified and presented on the face of the consolidated statement of income, and (iii) any changes in the parents ownership interest while the parent retains the controlling financial interest in its subsidiary be accounted for consistently.  Note 3 Capital Stock On June 24, 2008, the Company executed the previously announced 3 for 1 stock split of the outstanding common shares.  The number of common shares issued and outstanding in these financial statements have been restated to give effect to this stock split.  The total number of common shares authorized that may be issued by the Company is 75,000,000 shares with a par value of one cent ($0.001) per share and no other class of shares is authorized.  During the period from February 22, 2007 (inception) to June 30, 2007, the Company issued 15,000,000 shares of common stock to its directors for total proceeds of $5,000.  On August 1, 2007, the Company issued:  -  3,000,000 common shares at $0.000333 per share to its director for gross proceeds of $1,000; and -  13,500,000 common shares at $0.000333 per share for gross proceeds of $36,000, and net proceeds of $29,193 after offerings costs of $6,807.  From July 1, 2008 to September 30, 2008, the Company has not granted any stock options and has not recorded any stock-based compensation.     Note 4 Related Party Transactions  a) The due to related party amount of $6,932 as at September 30, 2008 represents office rent and general and administrative expenses that have been paid by Bill Akrivos on behalf of the Company. b) During the three month period ended September 30, 2008, the Company incurred rent and general office administration expenses of $2,889 which was paid by Bill Akrivos and is included in the due to related party amount as at September 30 ,2008.  Note 5 Income Taxes  Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses. These loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur.  At June 30, 2007 and 2008 the Company had net operating loss carryforwards of approximately $11,000 and $56,000 which begin to expire in 2027. The deferred tax asset of $1,600 and $7,000 created by the net operating losses has been offset by a 100% valuation allowance. The change in the valuation allowance in 2007 and 2008 was $1,600 and $5,400.


The accompanying notes are an integral part of these financial statements


Forward-Looking Statements  This Form 10-Q includes "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Please refer to our 10-K filed with the SEC on October 10, 2008 for a more complete description of the risks associated with our company and business.  All statements other than historical facts included in this Form, including without limitation, statements under "Plan of Operation", regarding our financial position, business strategy, and plans and objectives of management for the future operations, are forward-looking statements.  Although we believe that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, market conditions, competition and the ability to successfully complete financing.  Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations  Plan of Operations  Alco Energys strategy is to pursue selected opportunities that are characterized by reasonable entry costs, favorable economic terms, high reserve potential relative to capital expenditures and the availability of existing technical data that may be further developed using current technology.  We seek to achieve attractive returns on capital for the benefit of stockholders through investment in developmental plays, rather than exploratory. In this way we hope to maintain a strong balance sheet to enable us to be flexible from an operational and financial standpoint.  We expect to generate long-term reserve and production growth through drilling activities and further acquisitions. We believe that our managements experience and expertise will enable us to identify, evaluate, and develop crude oil and natural gas projects.  While we anticipate the majority of future capital expenditures will be expended on the drilling of wells, we intend to use our experience and regional expertise to add leasehold interests to the inventory of leases for future drilling activities, as well as property acquisitions.  Overall, during the next 12 months, we cannot predict accurately the amount of capital that we will need to accomplish our plan of operations. The amount of capital needed will vary depending on the business model approach that we undertake as described above. If during the next 12 months, we are unsuccessful in effectuating our plan of operations as described above, we expect to incur total expenditures of at least $500,000. In this regard and during such period; we anticipate spending $20,000 on professional fees attributable to fulfilling our reporting obligations under the federals securities laws and $50,000 on general administrative costs and expenditures associated with complying with reporting obligations.  The balance will be used to buy interests in oil and gas leases.  We anticipate that additional funding will be required in the form of equity financing from the sale of our common stock. However, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund our marketing plan and operations. We believe that debt financing will not be an alternative for funding the marketing plan. We do not have any arrangements in place for any future equity financing. If we are required to raise additional funds, substantial dilution may result to existing shareholders. Our auditors have raised substantial doubt concerning our ability to continue as a going concern. Please see our audited financial statements contained in our Form 10-K for the period ended June 30, 2007.  Disciplined Acquisition Strategy  We intend to acquire producing oil and gas properties where we believe significant additional value can be created. Management is primarily interested in developmental properties where some combination of these factors exist: (1) opportunities for long production life with stable production levels; (2) geological formations with multiple producing horizons; (3) substantial exploitation potential; and (4) relatively low capital investment production costs.  Exploitation of Properties  We intend to maximize the value of properties through a combination of successful drilling, increasing recoverable reserves and reducing operating costs. We employ a latest technology such as directional and horizontal drilling. These methods have historically produced oil and gas at faster rates and with lower operating costs basis than traditional vertical drilling.   2





Experienced and Dedicated Personnel  The Company has an experienced team with direct exploration and production experience in the State of Tennessee, along with experience in the states of Kentucky and Texas.  We intend to maintain a highly competitive team of experienced and technically proficient employees and motivate them through a positive work environment and stock ownership. We believe that employee ownership, which is encouraged through the stock option plan, is essential for attracting, retaining and motivating qualified personnel.  Results of Operations for the Three Month Period Ended September 30, 2008 and the Year Ended June 30, 2008  We did not earn any revenues for the Three Month Period Ended September 30, 2008 and the Year Ended June 30, 2008.  During the three month period ended September 30, 2008, we incurred operating expenses in the amount of $2,889. These operating expenses were comprised of rent of $2,278, and general and management expenses of $611.  During the Year Ended June 30, 2008, we incurred operating expenses in the amount of $44,631. These operating expenses were comprised of accounting and audit fees of $7,140, general and management expenses of $26,075, and transfer agent fees of $11,416  As at September 30, 2008, we had total assets of $917 and total liabilities of $8,732.  As at June 30, 2008, we had total assets of $0 and total liabilities of $5,307.  The former President of the Company provided management services to the Company at $500 per month, with $2,000 in expenses incurred in fiscal year 2007 and $4,500 in fiscal year 2008.  During the period ended June 30, 2007, the former President of the Company provided a $10,000 loan to the Company. The loan was unsecured and bore interest at 6.45% per annum. The $10,000 loan and $504 in accrued interest plus $6,297 in working capital advances, less fixed assets of $1,573 exchanged against the advances, left a balance due to the former President of $15,228, which he contributed to the Companys capital in April 2008.  In 2008, a current Officer advanced the Company $2,390 for working capital.  Commencing in April 2008 the Company began paying rent of $700 per month plus costs for office space under a month to month lease held in the name of a corporation under common control. Rent expense in 2008 was $2,610.  The due to related party amount of $6,932 as at September 30, 2008 represents office rent and general and administrative expenses that have been paid by Bill Akrivos on behalf of the Company.  During the three month period ended September 30, 2008, the Company incurred rent and general office administration expenses of $2,889 which was paid by Bill Akrivos and is included in the due to related party amount as at September 30 ,2008  We have not generated any revenue since inception and are dependent upon obtaining financing to pursue marketing and distribution activities. For these reasons, our auditors believe that there is substantial doubt that we will be able to continue as a going concern.  Liquidity and Capital Resources  As of June 30, 2008, the Company had no cash balance.  Through June 30, 2008, we had sold $42,000 in equity securities to pay for our business operations. We sold 13,500,000 shares of common stock to 30 unaffiliated shareholders on August 23, 2007 for total proceeds of $36,000 pursuant to Regulation S of the Securities Act.  We subsequently filed a Registration  3





Statement on the Form SB-2 for this offering on October 2, 2007 and became effective on October 12, 2007. We have used these funds as working capital for administrative expenses and professional fee payments to third parties.  Also, we sold 18,000,000 shares of common stock to our officer and directors on June 29, 2007 and August 6, 2007 for total proceeds of $36,000 pursuant to Regulation S of the Securities Act  The Company expects significant capital expenditures during the next 12 months, contingent upon its ability to raise the required capital. These anticipated expenditures are for seismic data acquisitions, land and drilling rights acquisitions, drilling programs, overhead and working capital purposes.  If the Company is not successful in generating sufficient liquidity from operations or in raising sufficient capital resources, on terms acceptable to it, this could have a material adverse effect on its business, results of operations liquidity and financial condition.  The Company presently does not have any available credit, bank financing or other external sources of liquidity, other than the net proceeds from the Offering. Due to its brief history and historical operating losses, the Companys operations have not been a source of liquidity. The Company will need to obtain additional capital in order to expand operations and become profitable. In order to obtain capital, the Company may need to sell additional shares of its common stock or borrow funds from private lenders. There can be no assurance that the Company will be successful in obtaining additional funding.  The Company will need additional investments in order to continue operations. Additional investments are being sought, but the Company cannot guarantee that it will be able to obtain such investments. Financing transactions may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. However, the trading price of the Companys common stock and a downturn in the U.S. stock and debt markets could make it more difficult to obtain financing through the issuance of equity or debt securities. Even if the Company is able to raise the funds required, it is possible that it could incur unexpected costs and expenses, fail to collect significant amounts owed to it, or experience unexpected cash requirements that would force it to seek alternative financing. Further, if the Company issues additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of the Companys common stock. If additional financing is not available or is not available on acceptable terms, the Company will have to curtail its operations.  Critical Accounting Policies  Our financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. Preparing financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions which affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the balance sheet dates, and the recognition of revenues and expenses for the reporting periods. These estimates and assumptions are affected by management's application of accounting policies.  Revenue Recognition  The Company recognizes revenue in accordance with Securities and Exchange Commission (SEC) Staff Accounting Bulletin No. 101, Revenue Recognition in Financial Statements ("SAB 101"), as modified by SEC Staff Accounting Bulletin No.104. Under SAB 101, revenue is recognized at the point of passage to the customer of title and risk of loss, there is persuasive evidence of an arrangement, the sales price is determinable, and collection of the resulting receivable is reasonably assured.  The Company has not generated revenue since inception.   Item 3 Quantitative and Qualitative Disclosures About Market Risk.  A smaller reporting company is not required to provide the information required by this Item.  However, we do not consider the effects of interest rate movements to be a material risk to our financial condition. We do not hold any derivative instruments and do not engage in any hedging activities   Item 4 Controls and Procedures  (a) Under the supervision and with the participation of management, including the Companys President and Principal Financial Officer, the Company conducted an evaluation of the effectiveness of the design and operations of its disclosure controls and procedures, as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as of September 30, 2008 for this Form 10-Q. Based on this evaluation, the Companys  President and Principal Financial Officer concluded that the Companys disclosure controls and procedures were effective such that the material information required to be included in our Securities and Exchange Commission ("SEC") reports is recorded, processed, summarized and reported within the time periods specified in applicable SEC rules and forms relating to the Companys reporting obligations, and was made known to them by others within the Company, particularly during the period when this report was being prepared.  (b) There were no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rule 13a-15 or Rule 15d-15 under the Exchange Act that occurred during the period ended September 30, 2008 has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting.  Item 4(A)T. Controls and Procedures.  Not applicable   OTHER INFORMATION  Item 1. Legal Proceedings  None  Item 2. Changes in Securities  None.  Item 3. Defaults Upon Senior Securities  None.  Item 4. Submission of Matters to a Vote of Security Holders  None.  Item 5. Other Information  (a) There was no information we were required to disclose in a report on Form 8-K during the first quarter of our fiscal year ended September 30, 2008, or subsequent period through the date hereof, which was not so reported.  (b) Our board of directors has not established an audit committee or a nominating committee. In addition, we do not have any other compensation, executive or similar committees. We will not, in all likelihood, establish an audit or a nominating committee until such time as the Company generates a positive cash flow of which there can be no assurance. We recognize that an audit committee, when established, will play a critical role in financial reporting system by overseeing and monitoring management's and the independent auditors' participation in the financial reporting process. At such time as we establish an audit committee, its additional disclosures with our auditors and management may promote investor confidence in the integrity of the financial reporting process.  4





Until such time as an audit committee has been established, the full board of directors will undertake those tasks normally associated with an audit committee to include, but not by way of limitation, the (i) review and discussion of the audited financial statements with management, and (ii) discussions with the independent auditors the matters required to be discussed by the Statement On Auditing Standards No. 61 and No. 90, as may be modified or supplemented.  We have not adopted a code of ethics that applies to our principal executive officer, principal financial officer, principal accounting officer and persons performing similar functions.  Item 6. Exhibits and Report on Form 8-K  (a) Reports on Form 8-K  See Form 8-Ks referenced in Item 5 above.  (b) Exhibits:  Exhibit Number Exhibit Title  31.1 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002  31.2 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002  32.1 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002  32.2 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002   5





SIGNATURES  In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.  Alco Energy Corp.  /s/ Bill Akrivos --------------------------- Bill Akrivos President, and Principal Financial and Accounting Officer  Dated: November 14, 2008    6