UNITED STATES

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

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| PART      I – FINANCIAL INFORMATION | 1                                                                                  |
|-------------------------------------------|------------------------------------------------------------------------------------|
| ITEM 1.                              | FINANCIAL      STATEMENTS                                                          | 1 |
| ITEM 2.                                   | MANAGEMENT      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION/ PLAN OF OPERATIONS | 10 |
| ITEM 4T.                                  | CONTROL AND      PROCEDURES                                                        | 15 |
| PART      II – OTHER INFORMATION    |  16                                                                      |
| ITEM 1.                                   | LEGAL      PROCEEDINGS                                                             | 16 |
| ITEM 2.                                   | UNREGISTERED      SALES OF EQUITY SECURITIES                                       | 16 |
| ITEM 3.                                   | DEFAULTS UPON      SENIOR SECURITIES                                               | 16 |
| ITEM 4.                                   | SUBMISSION OF      MATTERS TO A VOTE SECURITY HOLDERS                              | 16 |
| ITEM 5.                                   | OTHER      INFORMATION                                                             | 16 |
| ITEM 6.                                   | EXHIBITS                                                                           | 17 |

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|                                                 | Index |
|------------------------------------------------------|-------|
| Balance      Sheets                                  | F-1   |
| Statements of      Operations and Comprehensive Loss | F-2   |
| Statements of      Cash Flows                        | F-3   |
| Statements of      Shareholders Equity               | F-4   |
| Notes to the      Financial Statements               | F-5   |

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|                                                                                                                                                 |  July      31, 2008 |  October      31, 2007 |
|------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------|-----------------------------|
| ASSETS                                                                                                                                               |                     |                        |
| Current                                                                                                                                              |                     |                        |
|       Cash                                                                                                             | $      5,350             | $      72,909               |
| Exploration      Advance                                                                                                                             | 20,000                   | -                           |
| Total      current assets                                                                                                                            | 25,350                   | 72,909                      |
| Oil and gas properties      (Note 3)                                                                                                                 | 19,810                   | -                           |
| Total      assets                                                                                                                                    | $      45,160            | $      72,909               |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY                                                                                                      |                     |                        |
| Current                                                                                                                                              |                     |                        |
| Accounts payable and accrued      liabilities                                                                                                        | $      20,343            | $      849                  |
| Due to related parties (Note      4(b))                                                                                                              | 2,814                    | 1,965                       |
|                                                                                                                                                 | 23,157                   | 2,814                       |
| Commitments and      contingencies (Notes 1 and 3)                                                                                                   |                     |                        |
| Shareholders      Equity                                                                                                                             |                     |                        |
| Capital stock, 100,000,000 shares      authorized, $0.0001 par value 5,599,900      shares issued outstanding (October 31, 2007 – 7,800shares) | 560                      | 1                           |
| Additional      paid-in capital                                                                                                                      | 113,880                  | 779                         |
| Common stock      subscribed                                                                                                                         | -                        | 71,660                      |
| Donated      capital                                                                                                                                 | 21,000                   | 12,000                      |
| Deficit      accumulated during the exploration stage                                                                                                | (113,437)                | (14,345)                    |
| Total      stockholders’ equity                                                                                                                | 22,003                   | 70,095                      |
| Total      liabilities and stockholders’ equity                                                                                                | $      45,160            | $      72,909               |

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|                                                                    | Period      from inception on October 30, 2006to      July  31      , 2008 | Nine      Month Period  EndedJuly      31, 2008 | Nine      Month Period  EndedJuly      31, 2007 | Three      Month Period  EndedJuly      31, 2008 | Three      Month Period  EndedJuly      31, 2007 |
|-------------------------------------------------------------------------|--------------------------------------------------------------------------------------|-----------------------------------------------------------|-----------------------------------------------------------|------------------------------------------------------------|------------------------------------------------------------|
| EXPENSES                                                                |                                                                                 |                                                      |                                                      |                                                       |                                                       |
| General and      administrative                                         | 796                                                                                  | 240                                                       | 188                                                       | 77                                                         | 65                                                         |
| Management      fees (Note 4(a))                                        | (1,510)                                                                              | (1,029)                                                   | -                                                         | 71                                                         | -                                                          |
| Rent (Note      4(a))                                                   | 10,500                                                                               | 4,500                                                     | 4,500                                                     | 1,500                                                      | 1,500                                                      |
| Professional      fees                                                  | 10,500                                                                               | 4,500                                                     | 4,500                                                     | 1,500                                                      | 1,500                                                      |
|                                                                    | 68,151                                                                               | 65,881                                                    | 1,630                                                     | 12,443                                                     | -                                                          |
| OTHER ITEMS                                                             |                                                                                 |                                                      |                                                      |                                                       |                                                       |
| Write off oil      and gas  costs                             | 88,437                                                                               | 74,092                                                    | 10,818                                                    | 15,591                                                     | 3,065                                                      |
|                                                                    | 25,000                                                                               | 25,000                                                    | -                                                         | 25,000                                                     |  -                                                    |
|                                                                    | $ 113,437                                                                       |  $99,092                                        | $10,818                                              | $ 40,591                                              | 3,065                                                      |
| Loss      and comprehensive loss for period                             |                                                                                 |                                                      |                                                      |                                                       |                                                       |
|                                                                    | $(113,437)                                                                           | $(99,092)                                                 | $(10,818)                                                 | $ (40,591)                                            | $ (3,065)                                             |
| Deficit,      beginning of period                                       |                                                                                 |                                                      |                                                      |                                                       |                                                       |
|                                                                    | -                                                                                    | (14,345)                                                  | (641)                                                     | (72,846)                                                   | $ (8,394)                                             |
| Deficit,      end of period                                             |                                                                                 |                                                      |                                                      |                                                       |                                                       |
|                                                                    | $(113,437)                                                                           | $(113,437)                                                | $(11,459)                                                 | $ (113,437)                                           | $ (11,459)                                            |
| Loss      per share – basic and diluted                           |                                                                                 | $      (0.03)                                             | $ (2.16)                                             | $ (0.01)                                              | $      (0.38)                                              |
| Weighted      average shares outstanding – basic      and diluted |                                                                                 | 2,986,000                                                 | 5,000                                                     | 5,588,000                                                  | 8,000                                                      |

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|                                                                                  | Period      from inception on October 30, 2006 toJuly      31, 2008 | Nine      Month Period  EndedJuly      31, 2008 | Nine      Month      Period  EndedJuly      31, 2007 |
|---------------------------------------------------------------------------------------|---------------------------------------------------------------------|-----------------------------------------------------------|----------------------------------------------------------------|
| CASH      FLOWS FROM OPERATING ACTIVITIES                                             |                                                                |                                                      |                                                           |
| Loss for the period                                                                   | $(113,437)                                                          | $      (99,092)                                           | $(10,818)                                                      |
| Adjustments      to reconcile net loss to net cash used in operating      activities: |                                                                |                                                      |                                                           |
| Donated services and rent                                                             | 21,000                                                              | 9,000                                                     | 9,000                                           |
| Write off oil and gas    costs                                                        | 25,000                                                              | 25,000                                                    | -                                                              |
| Changes in operating assets and      liabilities:                                     |                                                                |                                                      |                                                           |
|         Accounts      payable                 | 20,343                                                              | 19,494                                                    | 849                                                            |
|            Exploration Advance                               | (20,000)                                                            | (20,000)                                                  | -                                                              |
|     Due to related      parties                                        | -                                                                   | -                                                         | 1,965                                                          |
| Cash used in      operating activities                                                | (67,094)                                                            | (65,598)                                                  | 996                                                            |
| CASH      FLOWS FROM FINANCING ACTIVITIES                                             |                                                                |                                                      |                                                           |
| Advances from related    party                                                        | 2,814                                                               | 849                                                       | -                                                              |
|  Common      stock subscribed                                                    | -                                                                   | -                                                         | 3,228                                                          |
|  Proceeds      from issuance of common stock                                     | 114,440                                                             | 42,000                                                    | -                                                              |
| Cash provided      by financing activities                                            | 117,254                                                             | 42,849                                                    | 3,228                                                          |
| CASH      FLOWS FROM INVESTING ACTIVITIES                                             |                                                                |                                                      |                                                           |
| Oil and gas expenditures                                                              | (44,810)                                                            | (44,810)                                                  | -                                                              |
| Cash used by      investing activities                                                | (44,810)                                                            | (44,810                                                   | -                                                              |
| Change      in cash during the period                                                 | 5,350                                                               | (67,559)                                                  | 4,224                                                          |
| Cash,      beginning of period                                                        | -                                                                   | 72,909                                                    | -                                                              |
| Cash,      end of period                                                              | $ 5,350                                                        | $5,350                                                    | $ 4,224                                                   |
| Supplemental      disclosures                                                         |                                                                |                                                      |                                                           |
| Interest paid                                                                         | $ -                                                            | $       -                                            | $ -                                                       |
| Income tax paid                                                                       | -                                                                   | -                                                         | -                                                              |

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DOUBLE HALO RESOURCES INC.

|                                               | Common      Stock      | Additional      Paid-In Capital | Common      Stock Subscribed | Donated      Capital  | Accumulated      other Comprehensive Income           |        Deficit | Total       |
|----------------------------------------------------|-----------------------------|---------------------------------|------------------------------|----------------------------|-------------------------------------------------------|---------------------|------------------|
|                                               | Number      of Shares       | Amount                          |                         |                       |                                                  |                |             |   |
| Opening      Balance October 31,      2007         |  7,800                 | $ 1                        | $ 779                   | 71,660                     |   $      12,000                             | -                   | $ (14,345)  | $ 70,095 |
|  Issuance      of common  stock for cash |    5,592,100 | 559                             | 113,101                      | (71,660)                   |         9,000 | -                   | -                | 51,000 |
| Net      loss                                      | -                           | -                               | -                            | -                          |                                                  | -                   | (99,092)         | (99,092) |
| Closing      BalanceJuly      31, 2008             |  5,599,900             | $    560    | $  113,880         | -                          | $    21,000                       | -                   |  $(113,437) | $    22,003 |

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|   | Double Halo      Resources Inc. (the “Company”) was incorporated in the State of Nevada on      October 30, 2006. The Company is an Exploration Stage Company, as defined      by Statement of Financial Accounting Standard (“SFAS”) No.7 “Accounting and Reporting for      Development Stage Enterprises”. The Company’s principal business is      the acquisition and exploration of oil and gas resources. The Company has      not presently determined whether its properties contain oil and gas      reserves that are economicallyrecoverable. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | These      financial statements have been prepared on a going concern basis, which      implies the Company will continue to realize its assets and discharge its      liabilities in the normal course of business. The Company has never      generated revenues since inception and has never paid any dividends and is      unlikely to pay dividends or generate earnings in the immediate or      foreseeable future. The continuation of the Company as a going concern is      dependent upon the continued financial support from its shareholders, the      ability of the Company to obtain necessary equity financing to continue      operations, and the attainment of profitable operations. As at July 31,      2008, the Company has accumulated losses of $100,937 since inception.      These factors raise substantial doubt regarding the Company’s ability to      continue as a going concern. These financial statements do not include any      adjustments to the recoverability and classification of recorded asset      amounts and classification of liabilities that might be necessary should      the Company be unable to continue as a going  concern. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company      filed an S-1 Registration Statement with the United States Securities and      Exchange Commission to register 192,400 shares of common stock for sale by      the existing shareholders of the Company at $0.30 per share until the      Company’s common stock is quoted on the OTC Bulletin Board, and thereafter      at prevailing market prices.  The Company will not receive any      proceeds from the resale of shares of common stock by the selling      stockholders. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      accompanying unaudited financial statements have been prepared by the      Company in conformity notes are with accounting principles generally      accepted in the United States of America applicable to interim financial      information and with the rules and regulations of the United States      Securities and Exchange Commission. Accordingly, certain information and      footnote disclosures normally included in financial statements prepared in      accordance with generally accepted accounting principles have been      condensed, or omitted, pursuant to such rules and regulations. In the      opinion of management, the unaudited interim financial statements include      all adjustments necessary for the fair presentation of the results of the      interim periods presented. All adjustments are of a normal recurring      nature, except as otherwise noted below. These financial statements should      be read in conjunction with the Company’s audited financial statements and      notes thereto for the year ended October 31, 2007. The results of      operations for such the interim periods are not necessarily indicative of      the results expected for a full year of operations, for any other interim      period or for any future period full fiscal  year. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | a) | On October      30, 2007, the Company entered into an agreement to acquire up to 50% of      the vendor’s 50% interest in an oil and gas property (Worsley Property)      located in Alberta, Canada in consideration for a cash payment of $12,500      (paid), and payment of up to 50% of the vendor’s interest in a seismic and      test well program. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) | On June 5,      2008, the Company entered into a purchase agreement to acquire 20% of an      Alberta Crown PNG Lease in Alberta, Canada and 100% of the vendor’s 50%      interest in the Worsley Property in consideration for a cash payment of      $32,310 (CAD$32,000). |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c) | On June 30,      2008 the Company abandoned the interest in the Worsley Property when the      company allowed a cash call for approximately $212,000 from the operator      of the property, Bounty Developments Ltd., to  expire. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a) | During the      period ended July 31, 2008, the Company recognized a total of $4,500 (2007      - $4,500) for management services at $500 per month provided by the      President of the Company, and $4,500 (2007 - $4,500) for rent at $500 per      month provided by the President of theCompany. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) | At July 31,      2008, the Company is indebted to a director of the Company for $2,814      (October 31, 2007 - $1,965), representing expenditures paid on behalf of      the Company. This amount is unsecured, non-interest bearing, due on demand      and has no specific terms ofrepayment. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | a) | During the      year ended October 31, 2007, the Company received subscriptions of $450      from the President of the Company for 4,500,000 shares of common stock      pursuant to a private placement at $0.0001 per share.  On March      19, 2008, the shares were issued. At October 31, 2007, $450 was included      in common stock subscribed. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) | On January      15, 2008, the Company issued 1,072,100 shares of common stock pursuant to      a private placement at $0.10 per share for proceeds      $107,210.  At October 31, 2007, the Company had included      proceeds from this private placement of $71,210 in common stock      subscribed. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c) | On June 12,      2008, the Company received subscriptions of $6,000 for 20,000 shares of      common stock pursuant to a private placement at $0.30 per share. On June      22, 2008, the shares were issued. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Double Halo Resources Inc. (“Double Halo”, “we” or “our”) wasincorporated as a Nevada company on October 30, 2006. We have been engaged inthe acquisition and exploration of oil and gas properties since our inception.We have one wholly owned subsidiary, Patch Oilsands Ltd., a British Columbiacorporation through which we have acquired properties in Leismer,Alberta.  We are in the process of applying to have our stock quotedon the OTC Bulletin Board and anticipate we will receive a symbol in late2008.

| Property           | Working      Interest    | Area      (hectares)  |
|-------------------------|-------------------------------|----------------------------|
| Medicine      Hat  | 20%      (non-operated)  | 128                   |
| Leismer      (1)   | 75%                      | 256                   |
| Leismer      (1)   | 75%                      | 256                   |
| Leismer      (1)   | 60%      (non-operated)  | 128                   |

| (1)           | We currently      own 75% of a 100% interest in two of the Leismer properties, and 75% of an      80% interest in the third Leismerproperty |
|------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

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We registered 192,000 issued common shares offered for resale by 39selling shareholders, including 20,000 shares owned by 1389999 Alberta Ltd., acompany controlled by Susan Shacker, our President, Chief Executive Officer,Chief Financial Officer, Principal Accounting Officer, Secretary, Treasurer andsole Director, and 20,000 shares owned by David Stadnyk, the spouse of Ms.Shacker. We will not receive any proceeds from the resale of shares of ourcommon stock by the selling securityholders. We incurred all costs associatedwith the registration statement.

Results of Operations

|                                               | Three      Months Ended July 31, 2008($) | Three      Months Ended July 31, 2007($) | Nine      Months EndedJuly      31, 2008($) | Nine      Months Ended July 31, 2007($) | Period      from October      30,2006(inception)      to July      31, 2008($) |
|----------------------------------------------------|------------------------------------------|------------------------------------------|---------------------------------------------|-----------------------------------------|--------------------------------------------------------------------------------|
| Costs      and Expenses:                           |                                     |                                     |                                        |                                    |                                                                           |
| General and      Administrative                    | 77                                       | 65                                       | 240                                         | 188                                     | 796                                                                            |
| Foreign      Exchange                              | 71                                       | -                                        | (1,029)                                     | -                                       | (1,510)                                                                        |
| Management      Fees                               | 1,500                                    | 1,500                                    | 4,500                                       | 4,500                                   | 10,500                                                                         |
| Rent                                               | 1,500                                    | 1,500                                    | 4,500                                       | 4,500                                   | 10,500                                                                         |
| Professional      Fees                             | 12,443                                   | -                                        | 65,881                                      | 1,630                                   | 68,151                                                                         |
| Write off of      oil and gas costs                | 25,000                                   | -                                        | 25,000                                      | -                                       | 25,000                                                                         |
| Loss      and Comprehensive Loss                   | (40,591)                                 | (3,065)                                  | (99,092)                                    | (10,818)                                | (113,437)                                                                      |
| Deficit                                            | (113,437)                                | (11,459)                                 | (113,437)                                   | (11,459)                                | (113,437)                                                                      |
| Net      Loss per common share (basic and diluted) | (0.01)                                   | (0.38)                                   | (0.03)                                      | (2.16)                                  | -                                                                              |
| Weighted      average common shares outstanding    | 5,588,000                                | 8,000                                    | 2,986,000                                   | 5,000                                   | -                                                                              |

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Liquidity andCapital Resources

| Date      of Subscription  | Type      of Security Issued   | Number of       Securities Issued  | Price      per Security  | Total Funds      Received  |
|--------------------------------------|----------------------------------------------------|---------------------------------------------------|------------------------------------|---------------------------------|
| November      2006              | Common Stock                                  | 4,500,000                                    | 0.0001                        | 450                        |
| February      2007              | Common Stock                                  | 7,800                                        | 0.10                          | 780                        |
| January      2008               | Common Stock                                  | 1,072,100                                    | 0.10                          | 107,210                    |
| June      2008                  | Common Stock                             | 20,000                                       | 0.30                          | 6,000                      |
| Total                           |                                               | 5,559,900                                    |                               | 114,440                    |

| Description                                                                                                                    |   Potential Completion      Date | Estimated       Expenses  |
|-------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|-------------------------------------|
| Fund the      seismic and test well program on the Medicine Hat      Property                                                  | January      2009                     | 95,000                         |
| Develop a      website                                                                                                         | March      2009                       | 5,000                          |
| Purchase      non-operated working interests in producing wells and      interests in oil and gas properties              | 12      months                        | 220,000                        |
| Retain a land      specialist, an engineer and a geologist on a part-time basis or as      independent contractors   | 12      months                        | 36,000                         |
| Professional      fees (legal, accounting and auditingfees)                                                          | 12      months                        | 100,000                        |
| Marketing      expenses                                                                                                        | 12      months                        | 30,000                         |
| General and      administrative expenses                                                                                       | 12      months                        | 14,000                         |
| Total                                                                                                                          |                                       | 500,000                        |

Our general and administrative expenses for the year will consistprimarily of transfer agent fees, investor relations expenses and general officeexpenses. The professional fees are related to our regulatory filings throughoutthe year.

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Product Research and Development

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(b) Changes in internal controls

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|   | · | On June 22,      2008 we issued an aggregate of 20,000 shares of common stock to one      non-U.S. shareholder at a price of $0.30 per share, in exchange for cash      proceeds of $6,000. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

ITEM 3. DEFAULTSUPON SENIOR SECURITIES

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ITEM 6. EXHIBITS

| Exhibit | Exhibit                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Number  | Description                                                                                                                                                 |
| 10.1    | Purchase      Agreement with Great Northern Oilsands Inc. dated June 5, 2008      (1)                                                                       |
| 10.2    | Declaration      of Trust (Double Halo Resources Inc.) dated June 15, 2008    (1)                                                                           |
| 10.3    | Declaration      of Trust (Habanero Resources Inc.) dated June 15, 2008  (1)                                                                                |
| 10.4    | Declaration      of Trust (Micron Enviro Systems Inc.) dated June 15, 2008    (1)                                                                           |
| 10.5    | Promissory      Note to David Stadnyk dated August 5, 2008 (2)                                                                                              |
| 31.1    | Certification of the Chief Executive Officer Pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002                                                 |
| 32.1    | Certification of Chief Executive Officer pursuant to 18      U.S.C. Section 1350, as adopted pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002 |

(1) Included as exhibits to our Form S-1 filed on August 20,2008

|                                   | Double Halo Resources      Inc.                                                                                                     |
|----------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|
|                                   | (Registrant)                                                                                                                        |
|                                   |                                                                                                                                |
|                                   | /s/      Susan Shacker                                                                                                              |
| Date:  October      21, 2008 | Susan      Shacker                                                                                                                  |
|                                   | President,      Chief Executive Officer, Chief Financial Officer, Principal Accounting      Officer, Secretary, Treasurer, Director |
|                                   |                                                                                                                                |