| Nevada                                                         |   | None                                 |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

----

| PART I   FINANCIAL INFORMATION                                                       |  3  |
|-----------------------------------------------------------------------------------------------------|----------|
|                                                                                                |     |
| Item 1. Financial Statements                                                                        |  3  |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations |  4  |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk                                  |  9  |
| Item 4. Controls and Procedures                                                                     |  9  |
| Item 4T. Controls and Procedures                                                                    |  9  |
|                                                                                                |     |
| PART II – OTHER INFORMATION                                                                   |  10 |
|                                                                                                |     |
| Item 1. Legal Proceedings                                                                           |  10 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                                 |  10 |
| Item 3. Defaults Upon Senior Securities                                                             |  10 |
| Item 4. Submission of Matters to a Vote of Security Holders                                         |  10 |
| Item 5. Other Information                                                                           |  10 |
| Item 6. Exhibits                                                                                    |  10 |

----

PART I - FINANCIAL INFORMATION

| Balance Sheets                                  | F-2 |
|-------------------------------------------------|-----|
| Statement of Operations and Comprehensive Loss  | F-3 |
| Statement of Cash Flows                         | F-4 |
| Statements of Stockholders' Equity (Deficiency) | F-5 |
| Notes to the Financial Statements               | F-6 |

----

|                                                                                                                                              |   | July 31, 2009 |     |   | October 31, 2008 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|----------|--------|------------------|--------|
|                                                                                                                                              |   |          |     |   |             |   |
| ASSETS                                                                                                                                            |   |          |     |   |             |   |
| Current                                                                                                                                           |   |          |     |   |             |   |
| Cash and cash equivalents                                                                                                                         |   | $             | 319      |   |             | $      | 323 |   |
| Exploration advances                                                                                                                              |   |          | -        |   |             |   | 20,000 |   |
|                                                                                                                                              |   |          | 319      |   |             |   | 20,323 |   |
| Oil and gas properties (Note 3)                                                                                                                   |   |          | -        |   |             |   | 19,810 |   |
|                                                                                                                                              |   | $             | 319      |   |             | $      | 40,133 |   |
| LIABILITIES                                                                                                                                       |   |          |     |   |             |   |   |   |
| Current                                                                                                                                           |   |          |     |   |             |   |   |   |
| Accounts payable and accrued liabilities                                                                                                          |   | $             | 30,186   |   |             | $      | 33,984 |   |
| Due to related parties (Note 4)                                                                                                                   |   |          | 18,288   |   |             |   | 33,562 |   |
|                                                                                                                                              |   |          | 48,474   |   |             |   | 67,546 |   |
| SHAREHOLDERS' EQUITY                                                                                                                              |   |          |     |   |             |   |   |   |
| Capital stock - 100,000,000 shares authorized, $0.0001 par value, 5,456,400 shares issued and outstanding (October 31, 2008 - 5,456,400) (Note 5) |   |          | 546      |   |             |   | 546 |   |
| Additional paid-in capital                                                                                                                        |   |          | 622,177  |   |             |   | 573,094 |   |
| Deficit                                                                                                                                           |   |          | (670,878 | )      |             |   | (601,053 | ) |
|                                                                                                                                              |   |          | (48,155  | )      |             |   | (27,413 | ) |
|                                                                                                                                              |   | $             | 319      |   |             | $      | 40,133 |   |

----

|                                |   | Period from inception at October 31, 2006 to |     |   | For the three months ended |   |     | For the three months ended |   |   | For the nine months ended |   |   | For the nine months ended |     |
|-------------------------------------|--------|----------------------------------------------|----------|--------|----------------------------|--------|----------|----------------------------|--------|--------|---------------------------|--------|--------|---------------------------|----------|
|                                |   | July 31, 2009                                |     |   | July 31, 2009              |   |     | July 31, 2008              |   |   | July 31, 2009             |   |   | July 31, 2008             |     |
|                                |   |                                         |     |   |                       |   |     |                       |   |   |                      |   |   |                      |     |
| Expenses                            |   |                                         |     |   |                       |   |     |                       |   |   |                      |   |   |                      |     |
| General and administrative expenses |   | $                                            | 3,720    |   |                       | $      | -        |                       |   | $      | 77                        |   |   | $                         | 2,591    |   |   | $ | 240 |   |
| Management fees                     |   |                                         | 13,500   |   |                       |   | -        |                       |   |   | 1,500                     |   |   |                      | 1,500    |   |   |   | 4,500 |   |
| Rent                                |   |                                         | 13,500   |   |                       |   | -        |                       |   |   | 1,500                     |   |   |                      | 1,500    |   |   |   | 4,500 |   |
| Stock-based compensation            |   |                                         | 449,550  |   |                       |   | -        |                       |   |   | -                         |   |   |                      | -        |   |   |   | - |   |
| Professional fees                   |   |                                         | 176,659  |   |                       |   | 38,474   |                       |   |   | 12,443                    |   |   |                      | 64,505   |   |   |   | 65,881 |   |
| Bank charges and interest           |   |                                         | 647      |   |                       |   | -        |                       |   |   | -                         |   |   |                      | 648      |   |   |   | - |   |
| Write-off of exploration advances   |   |                                         | 20,000   |   |                       |   | -        |                       |   |   | -                         |   |   |                      | 20,000   |   |   |   | - |   |
| Write-off of exploration costs      |   |                                         | 25,000   |   |                       |   | -        |                       |   |   | 25,000                    |   |   |                      | -        |   |   |   | 25,000 |   |
|                                |   |                                         | 702,576  |   |                       |   | 38,474   |                       |   |   | 40,520                    |   |   |                      | 90,744   |   |   |   | 100,121 |   |
|                                |   |                                         | (702,576 | )      |                       |   | (38,474  | )                          |   |   | (40,520                   | )      |   |                      | (90,744  | ) |   |   | (100,121 | ) |
| Gain on settlement of debt (Note 8) |   |                                         | 36,000   |   |                       |   | -        |                       |   |   | -                         |   |   |                      | 36,001   |   |   |   | - |   |
| Foreign currency gain (loss)        |   |                                         | (4,302   | )      |                       |   | -        |                       |   |   | (71                       | )      |   |                      | (282     | ) |   |   | 1,029 |   |
| Net income (loss) for the period    |   |                                         | (670,878 | )      |                       |   | (38,474  | )                          |   |   | (40,591                   | )      |   |                      | (55,025  | ) |   |   | (99,092 | ) |
| Deficit, beginning of the period    |   |                                         | -        |   |                       |   | (632,404 | )                          |   |   | (72,846                   | )      |   |                      | (601,053 | ) |   |   | (14,345 | ) |
| Deficit, end of the period          |   | $                                            | (670,878 | )      |                       | $      | (670,878 | )                          |   | $      | (113,437                  | )      |   | $                         | (656,078 | ) |   | $ | (113,437 | ) |

| Earnings per share                            |   |   |      |   |   |   |    |   |   |   |      |   |
|-----------------------------------------------|--------|--------|-----------|--------|--------|--------|---------|--------|--------|--------|-----------|--------|
| Basic                                         |   | $      | (0.01     | )      |   | $      | (0.21   | )      |   | $      | (0.01     | )      |   | $ | (0.03 | ) |
| Weighted average number of shares outstanding |   |   | 5,456,000 |   |   |   | 194,000 |   |   |   | 5,456,000 |   |   |   | 2,986,000 |   |

----

|                                                         |   | Period from inception at October 31, 2006 to |     |    | For the nine months ended |   |    | For the nine months ended |   |
|--------------------------------------------------------------|--------|----------------------------------------------|----------|---------|---------------------------|--------|---------|---------------------------|--------|
|                                                         |   | July 31, 2009                                |     |    | July 31, 2009             |   |    | July 31, 2008             |   |
|                                                         |   |                                         |     |    |                      |   |    |                      |   |
| Cash flow from operating activities                          |   |                                         |     |    |                      |   |    |                      |   |
| Net income (loss) for the period                             |   | $                                            | (670,878 | )       |                      | $      | (69,825 | )                         |   | $ | (99,092 | ) |
| Add back non-cash operating activities:                      |   |                                         |     |    |                      |   |    |                      |   |   |   |   |
| Gain on settlement of debt                                   |   |                                         | (36,000  | )       |                      |   | (36,001 | )                         |   |   | - |   |
| Donated rent                                                 |   |                                         | 13,500   |    |                      |   | 1,500   |                      |   |   | 4,500 |   |
| Donated services                                             |   |                                         | 13,500   |    |                      |   | 1,500   |                      |   |   | 4,500 |   |
| Write-off of exploration advances                            |   |                                         | 20,000   |    |                      |   | 20,000  |                      |   |   | - |   |
| Non-cash consulting fees                                     |   |                                         | 38,451   |    |                      |   | 38,451  |                      |   |   | - |   |
| Stock-based compensation                                     |   |                                         | 449,550  |    |                      |   | -       |                      |   |   | - |   |
| Write-off of oil and gas costs                               |   |                                         | 25,000   |    |                      |   | -       |                      |   |   | 25,000 |   |
| Changes in non-cash working capital                          |   |                                         |     |    |                      |   |    |                      |   |   |   |   |
| Exploration advances                                         |   |                                         | (20,000  | )       |                      |   | -       |                      |   |   | (20,000 | ) |
| Accounts payable                                             |   |                                         | 48,186   |    |                      |   | 14,202  |                      |   |   | 19,494 |   |
|                                                         |   |                                         | (118,691 | )       |                      |   | (30,172 | )                         |   |   | (65,598 | ) |
| Cash flow from investing activities                          |   |                                         |     |    |                      |   |    |                      |   |   |   |   |
| Acquisition of oil and gas properties                        |   |                                         | (50,930  | )       |                      |   | (6,120  | )                         |   |   | (44,810 | ) |
| Net cash used in investing activities                        |   |                                         | (50,930  | )  |                      |   | (6,120  | )                    |   |   | (44,810 | )  |
|                                                         |   |                                         |     |    |                      |   |    |                      |   |   |   |   |
| Cash flow from financing activities                          |   |                                         |     |    |                      |   |    |                      |   |   |   |   |
|       Advances from related parties |   |                                         | 51,850   |    |                      |   | 18,288  |                      |   |   | 849 |   |
| Capital stock subscribed                                     |   |                                         | 71,660   |    |                      |   | -       |                      |   |   | - |   |
| Proceeds from the issuance of capital stock                  |   |                                         | 42,780   |    |                      |   | -       |                      |   |   | 42,000 |   |
| Repurchase of capital stock                                  |   |                                         | (14,350  | )       |                      |   | -       |                      |   |   | - |   |
| Note payable                                                 |   |                                         | 18,000   |    |                      |   | 18,000  |                      |   |   | - |   |
|                                                         |   |                                         | 169,940  |    |                      |   | 36,288  |                      |   |   | 42,849 |   |
| Net change in cash and cash equivalents                      |   |                                         | 319      |    |                      |   | (4      | )                         |   |   | (67,559 | ) |
| Cash and cash equivalents, beginning of the period           |   |                                         | -        |    |                      |   | 323     |                      |   |   | 72,909 |   |
| Cash and cash equivalents, end of the period                 |   | $                                            | 319      |    |                      | $      | 319     |                      |   | $ | 5,350 |   |

----

|                                 |   |             |      |   |            |   |   |         |   |   |        |   |   | Deficit accumulated |    |   | Total         |   |
|--------------------------------------|--------|------------------|-----------|--------|-----------------|--------|--------|--------------|--------|--------|-------------|--------|--------|---------------------|---------|--------|---------------|--------|
|                                 |   |             |      |   |            |   |   |         |   |   |        |   |   | during the          |    |   | Stockholders' |   |
|                                 |   | Common stock     |      |   | Additional Paid |   |   | Common stock |   |   | Exploration |   |   | Equity              |    |
|                                 |   | Number of shares |      |   | Amount          |   |   | in Capital   |   |   | Subscribed  |   |   | stage               |    |   | (Deficiency)  |   |
|                                 |   |             |      |   |            |   |   |         |   |   |        |   |   |                |    |   |          |   |   |   |   |   |   |   |
| October 31, 2007                     |   |             | 7,800     |   |            | $      | 1      |         |   | $      | 12,779      |   |   | $                   | 71,660  |   |          | $      | (14,345 | ) |   | $ | 70,095 |   |
| Issuance of stock for cash           |   |             | 5,592,100 |   |            |   | 559    |         |   |   | 113,101     |   |   |                | (71,660 | )      |          |   | - |   |   |   | 42,000 |   |
| Cancellation of capital stock        |   |             | (143,500  | )      |            |   | (14    | )            |   |   | (14,336     | )      |   |                | -       |   |          |   | - |   |   |   | (14,350 | ) |
| Donated services and rent            |   |             | -         |   |            |   | -      |         |   |   | 12,000      |   |   |                | -       |   |          |   | - |   |   |   | 12,000 |   |
| Stockbased compensation              |   |             | -         |   |            |   | -      |         |   |   | 449,550     |   |   |                | -       |   |          |   | - |   |   |   | 449,550 |   |
| Net loss                             |   |             | -         |   |            |   | -      |         |   |   | -           |   |   |                | -       |   |          |   | (586,708 | ) |   |   | (586,708 | ) |
| October 31, 2008                     |   |             | 5,456,400 |   |            |   | 546    |         |   |   | 573,094     |   |   |                | -       |   |          |   | (601,053 | ) |   |   | (27,413 | ) |
| Donated services and rent            |   |             | -         |   |            |   | -      |         |   |   | 3,000       |   |   |                | -       |   |          |   | - |   |   |   | 3,000 |   |
| Extinguishment of related party debt |   |             | -         |   |            |   | -      |         |   |   | 46,083      |   |   |                | -       |   |          |   | - |   |   |   | 46,083 |   |
| Net income                           |   |             | -         |   |            |   | -      |         |   |   | -           |   |   |                | -       |   |          |   | (69,825 | ) |   |   | (69,825 | ) |
| July 31, 2009                        |   |             | 5,456,400 |   |            | $      | 546    |         |   | $      | 622,177     |   |   | $                   | -       |   |          | $      | (670,878 | ) |   | $ | (48,155 | ) |

----

----

----

----

----

----

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

----

|                                        |   | Period from inception at October 31, 2006 to |     |   | For the three months ended |   |    | For the three months ended |   |   | For the nine months ended |   |   | For the nine months ended |    |
|---------------------------------------------|--------|----------------------------------------------|----------|--------|---------------------------------|--------|---------|----------------------------|--------|--------|---------------------------|--------|--------|---------------------------|---------|
|                                        |   | July 31, 2009                                |     |   | July 31, 2009                   |   |    | July 31, 2008              |   |   | July 31, 2009             |   |   | July 31, 2008             |    |
|                                        |   |                                         |     |   |                            |   |    |                       |   |   |                      |   |   |                      |    |
| Expenses                                    |   |                                         |     |   |                            |   |    |                       |   |   |                      |   |   |                      |    |
| General and administrative expenses         |   | $                                            | 3,720    |   |                            | $      | -       |                       |   | $      | 77                        |   |   | $                         | 2,591   |   |   | $ | 240 |   |
| Management fees                             |   |                                         | 13,500   |   |                            |   | -       |                       |   |   | 1,500                     |   |   |                      | 1,500   |   |   |   | 4,500 |   |
| Rent                                        |   |                                         | 13,500   |   |                            |   | -       |                       |   |   | 1,500                     |   |   |                      | 1,500   |   |   |   | 4,500 |   |
| Stock-based compensation                    |   |                                         | 449,550  |   |                            |   | -       |                       |   |   | -                         |   |   |                      | -       |   |   |   | - |   |
| Professional fees                           |   |                                         | 176,659  |   |                            |   | 38,474  |                       |   |   | 12,443                    |   |   |                      | 64,505  |   |   |   | 65,881 |   |
| Bank charges and interest                   |   |                                         | 647      |   |                            |   | -       |                       |   |   | -                         |   |   |                      | 648     |   |   |   | - |   |
| Write-off of exploration advances           |   |                                         | 20,000   |   |                            |   | -       |                       |   |   | -                         |   |   |                      | 20,000  |   |   |   | - |   |
| Write-off of exploration costs              |   |                                         | 25,000   |   |                            |   | -       |                       |   |   | 25,000                    |   |   |                      | -       |   |   |   | 25,000 |   |
|                                        |   |                                         | 702,576  |   |                            |   | 38,474  |                       |   |   | 40,520                    |   |   |                      | 90,744  |   |   |   | 100,121 |   |
| Net income (loss) from operating activities |   |                                         | (702,576 | )      |                            |   | (38,474 | )                          |   |   | (40,520                   | )      |   |                      | (90,744 | ) |   |   | (100,121 | ) |
| Gain on settlement of debt                  |   |                                         | 36,000   |   |                            |   | -       |                       |   |   | -                         |   |   |                      | 36,001  |   |   |   | - |   |
| Foreign currency gain (loss)                |   |                                         | (4,302   | )      |                            |   | -       |                       |   |   | (71                       | )      |   |                      | (282    | ) |   |   | 1,029 |   |
| Net income (loss) for the period            |   | $                                            | (670,878 | )      |                            | $      | (38,474 | )                          |   | $      | (40,591                   | )      |   | $                         | (55,025 | ) |   | $ | (99,092 | ) |

----

----

| Description                         | Estimated Completion Date | Estimated Costs |
|-------------------------------------|---------------------------|-----------------|
|                                |                      |            |
| Develop a website                   | December 31, 2009         | $ 5,000    |
| Develop business interests in China | December 31, 2009         | 220,000         |
| Professional fees                   | 12 months                 | 100,000         |
| Marketing expenses                  | 12 months                 | 30,000          |
| General and administrative expenses | 12 months                 | 14,000          |
| Total                               |                      | $ 369,000       |

----

----

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Item 4. Controls and Procedures

Item 4T. Controls and Procedures

----

PART II – OTHER INFORMATION

| Exhibit Number | Exhibit Description                                                                                                                             |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1           | Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes - Oxley Act of 2002                                        |
| 31.2           | Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes - Oxley Act of 2002                                        |
| 32.1           | Certification of the Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes - Oxley Act of 2002 |
| 32.2           | Certification of the Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes - Oxley Act of 2002 |

----

|                           | Shengrui Resources Co. Ltd.       |
|--------------------------------|-----------------------------------|
|                           | (Registrant)                      |
|                           |                              |
|  Date: September 14, 2009 | /s/ Arthur Skagen                 |
|                           | Arthur Skagen                     |
|                           | Chief Executive Officer, Director |