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

----

|     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 |

|     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

|                                                                    | Index |
|-------------------------------------------------------------------------|-------|
| Balance Sheets                                                          | F-1   |
| Statements of Operations and Comprehensive    Loss                      | F-2   |
| Statements of Cash Flows                                                | F-3   |
| Consolidated Statements of Stockholders’ Equity      (Deficiency) | F-4   |
| Notes to the Financial Statements                                       | F-5   |

----

BALANCE SHEETS

|                                                                                                                                                           |   | January      31, 2009 |     |   | October      31, 2008 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|----------|--------|-----------------------|--------|
|                                                                                                                                                           |   | $                     |     |   | $                     |   |
| ASSETS                                                                                                                                                         |   |                  |     |   |                  |   |   |   |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
| Current                                                                                                                                                        |   |                  |     |   |                  |   |   |   |
| Cash                                                                                                                                                           |   | $                     | 12,342   |   |                  | $      | 323 |   |
| Exploration      advance                                                                                                                                       |   |                  | 20,000   |   |                  |   | 20,000 |   |
| Total      current assets                                                                                                                                      |   |                  | 32,342   |   |                  |   | 20,323 |   |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
| Oil and gas properties      (Note 3)                                                                                                                           |   |                  | 19,810   |   |                  |   | 19,810 |   |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
| Total      assets                                                                                                                                              |   | $                     | 52,152   |   |                  | $      | 40,133 |   |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY (DEFICIENCY)                                                                                                   |   |                  |     |   |                  |   |   |   |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
| Current                                                                                                                                                        |   |                  |     |   |                  |   |   |   |
| Accounts      payable and accrued liabilities                                                                                                                  |   | $                     | 23,793   |   |                  | $      | 33,984 |   |
| Note payable      (Note 6)                                                                                                                                     |   |                  | 18,000   |   |                  |   | - |   |
| Due to      related parties (Note 4(b))                                                                                                                        |   |                  | 46,083   |   |                  |   | 33,562 |   |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
|                                                                                                                                                           |   |                  | 87,876   |   |                  |   | 67,546 |   |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
| Commitments and      contingencies (Notes 1 and 3)                                                                                                             |   |                  |     |   |                  |   |   |   |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
| Shareholders      Equity                                                                                                                                       |   |                  |     |   |                  |   |   |   |
| Capital      stock, 100,000,000 shares authorized, $0.0001 par value 5,456,400      shares issued outstanding (October 31, 2008 – 5,456,400      shares) |   |                  | 546      |   |                  |   | 546 |   |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
| Additional      paid-in capital                                                                                                                                |   |                  | 576,094  |   |                  |   | 573,094 |   |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
| Deficit      accumulated during the exploration stage                                                                                                          |   |                  | (612,364 | )      |                  |   | (601,053 | ) |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
| Total      stockholders’ equity                                                                                                                          |   |                  | (35,724  | )      |                  |   | (27,413 | ) |
|                                                                                                                                                           |   |                  |     |   |                  |   |   |   |
| Total      liabilities and stockholders’ equity (deficiency)                                                                                             |   | $                     | 52,152   |   |                  | $      | 40,133 |   |

----

STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

|                                                               |   | Period      from Inception on October 30, 2006 toJanuary 31,      2009 |     |   |  Three      Month Period  EndedJanuary      31, 2009 |   |      |  Three      Month Period  EndedJanuary      31, 2008 |   |
|--------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|----------|--------|---------------------------------------------------------------------|--------|-----------|---------------------------------------------------------------------|--------|
|                                                               |   |                                                                        |     |   |                                                                |   |      |                                                                |   |
| EXPENSES                                                           |   |                                                                        |     |   |                                                                |   |      |                                                                |   |
| General and      administrative                                    |   | $                                                                           | 5,329    |   |                                                                | $      | 80        |                                                                |   | $ | 406 |   |
| Management      fees (Note 4(a))                                   |   |                                                                        | 13,500   |   |                                                                |   | 1,500     |                                                                |   |   | 1,500 |   |
| Rent (Note      4(a))                                              |   |                                                                        | 13,500   |   |                                                                |   | 1,500     |                                                                |   |   | 1,500 |   |
| Stock-based      compensation                                      |   |                                                                        | 449,550  |   |                                                                |   | -         |                                                                |   |   | - |   |
| Professional      fees                                             |   |                                                                        | 105,485  |   |                                                                |   | 8,131     |                                                                |   |   | 36,909 |   |
|                                                               |   |                                                                        | 587,364  |   |                                                                |   | 11,311    |                                                                |   |   | 40,315 |   |
| OTHER      ITEMSWrite off oil      and gas costs                   |   |                                                                        | 25,000   |   |                                                                |   | -         |                                                                |   | - |   |
| Loss      and comprehensive loss for period                        |   | $                                                                           | (612,364 | )      |                                                                | $      | (11,311   | )                                                                   |   | $ | (40,315 | ) |
|                                                               |   |                                                                        |     |   |                                                                |   |      |                                                                |   |   |   |   |
|                                                               |   |                                                                        |     |   |                                                                |   |      |                                                                |   |   |   |   |
|                                                               |   |                                                                        |     |   |                                                                |   |      |                                                                |   |   |   |   |
|                                                               |   |                                                                        |     |   |                                                                |   |      |                                                                |   |   |   |   |
| Deficit,      beginning of period                                  |   |                                                                        | -        |   |                                                                |   | (601,053  | )                                                                   |   |   | (14,345 | ) |
|                                                               |   |                                                                        |     |   |                                                                |   |      |                                                                |   |   |   |   |
|                                                               |   |                                                                        |     |   |                                                                |   |      |                                                                |   |   |   |   |
| Deficit,      end of period                                        |   | $                                                                           | (612,364 | )      |                                                                | $      | (612,364  | )                                                                   |   | $ | (54,660 | ) |
|                                                               |   |                                                                        |     |   |                                                                |   |      |                                                                |   |   |   |   |
|                                                               |   |                                                                        |     |   |                                                                |   |      |                                                                |   |   |   |   |
| Loss      per share – basic and diluted                      |   |                                                                        |     |   |                                                                | $      | (0.002    | )                                                                   |   | $ | (0.21 | ) |
|                                                               |   |                                                                        |     |   |                                                                |   |      |                                                                |   |   |   |   |
|                                                               |   |                                                                        |     |   |                                                                |   |      |                                                                |   |   |   |   |
| Weighted      average shares outstanding – basic and diluted |   |                                                                        |     |   |                                                                |   | 5,456,000 |                                                                |   |   | 194,000 |   |

----

STATEMENTS OF CASH FLOWS

|                                                                                  |   | Period      from inception on October 30, 2006 toJanuary      31, 2009 |     |   | Three      Month      Period EndedJanuary      31, 2009 |   |    | Three      Month      Period  EndedJanuary      31, 2008 |   |
|---------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------|----------|--------|--------------------------------------------------------------|--------|---------|--------------------------------------------------------------------|--------|
|                                                                                  |   |                                                                   |     |   |                                                         |   |    |                                                               |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES                                             |   |                                                                   |     |   |                                                         |   |    |                                                               |   |
| Loss for the      period                                                              |   | $                                                                      | (612,364 | )      |                                                         | $      | (11,311 | )                                                                  |   | $ | (40,315 | ) |
|                                                                                  |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Adjustments      to reconcile net loss to net cash used in operating      activities: |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Donated      services and rent                                                        |   |                                                                   | 27,000   |   |                                                         |   | 3,000   |                                                               |   |   | 3,000 |   |
| Write off oil      and gas costs                                                      |   |                                                                   | 25,000   |   |                                                         |   | -       |                                                               |   |   | - |   |
| Stock-based      compensation                                                         |   |                                                                   | 449,550  |   |                                                         |   | -       |                                                               |   |   | - |   |
| Changes in      operating assets and liabilities:                                     |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Accounts      payable                                                                 |   |                                                                   | 41,794   |   |                                                         |   | 7,810   |                                                               |   |   | 25,564 |   |
| Exploration      Advance                                                              |   |                                                                   | (20,000  | )      |                                                         |   | -       |                                                               |   |   | - |   |
| Due to      related parties                                                           |   |                                                                   | 46,083   |   |                                                         | 12,521 |    |                                                               |   | - |   |
|                                                                                  |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Cash provided      by (used in)  operating activities                       |   |                                                                   | (42,937  | )      |                                                         |   | 12,020  |                                                               |   |   | (11,751 | ) |
|                                                                                  |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES                                             |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Advances from      related party                                                      |   |                                                                   | -        |   |                                                         |   | -       |                                                               |   |   | 10,500 |   |
| Capital stock      subscribed                                                         |   |                                                                   | 71,660   |   |                                                         |   | -       |                                                               |   |   | - |   |
| Proceeds from      issuance of common stock                                           |   |                                                                   | 42,780   |   |                                                         |   | -       |                                                               |   |   | 36,600 |   |
| Repurchase of      capital stock                                                      |   |                                                                   | (14,350  | )      |                                                         |   | -       |                                                               |   |   | - |   |
|                                                                                  |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Cash provided      by financing activities                                            |   |                                                                   | 100,090  |   |                                                         |   | -       |                                                               |   |   | 46,500 |   |
|                                                                                  |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES                                             |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Oil and gas      expenditures                                                         |   |                                                                   | (44,810  | )      |                                                         |   | -       |                                                               |   |   | - |   |
|                                                                                  |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Cash used in      investing activities                                                |   |                                                                   | (44,810  | )      |                                                         |   | -       |                                                               |   |   | - |   |
|                                                                                  |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Change      in cash during the period                                                 |   |                                                                   | 12,343   |   |                                                         |   | 12,020  |                                                               |   |   | 34,749 |   |
|                                                                                  |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Cash,      beginning of period                                                        |   |                                                                   | -        |   |                                                         |   | 323     |                                                               |   |   | 72,909 |   |
|                                                                                  |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Cash,      end of period                                                              |   | $                                                                      | 12,343   |   |                                                         | $      | 12,343  |                                                               |   | $ | 107,658 |   |
|                                                                                  |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Supplemental      disclosures                                                         |   |                                                                   |     |   |                                                         |   |    |                                                               |   |   |   |   |
| Interest      paid                                                                    |   | $                                                                      | -        |   |                                                         | $      | -       |                                                               |   | $ | - |   |
| Income tax      paid                                                                  |   |                                                                   | -        |   |                                                         |   | -       |                                                               |   |   | - |   |

----

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(DEFICIENCY)

|                                          |   | Common      Stock     |      |   | Additional      Paid-In Capital |   |   | Common      Stock Subscribed |   |   | Deficit      Accumulated      During      the Exploration      Stage |   |   | Total      Stockholders      Equity(Deficiency) |    |
|-----------------------------------------------|--------|-----------------------|-----------|--------|---------------------------------|--------|--------|------------------------------|--------|--------|----------------------------------------------------------------------|--------|--------|-------------------------------------------------|---------|
|                                          |   | Number      of Shares |      |   | Amount                          |   |   |                         |   |   |                                                                 |   |   |                                            |    |   |   |   |
|                                          |   |                  |      |   |                            |   |   |                         |   |   |                                                                 |   |   |                                            |    |   |   |   |   |   |   |   |   |   |
| October 31,      2007                         |   |                  | 7,800     |   |                            | $      | 1      |                         |   | $      | 12,779                                                               |   |   | $                                               | 71,660  |   |   | $ | (14,345 | ) |   | $ | 70,095 |   |
|                                          |   |                  |      |   |                            |   |   |                         |   |   |                                                                 |   |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Issuance of      capital  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 |   |
|                                          |   |                  |      |   |                            |   |   |                         |   |   |                                                                 |   |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Stock-based      compensation                 |   |                  | -         |   |                            |   | -      |                         |   |   | 449,550                                                              |   |   |                                            | -       |   |   |   | - |   |   |   | 70,095 |   |
|                                          |   |                  |      |   |                            |   |   |                         |   |   |                                                                 |   |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Net      loss                                 |   |                  | -         |   |                            |   | -      |                         |   |   | -                                                                    |   |   |                                            | -       |   |   |   | (586,708 | ) |   |   | (137,158 | ) |
|                                          |   |                  |      |   |                            |   |   |                         |   |   |                                                                 |   |   |                                            |    |   |   |   |   |   |   |   |   |   |
| October 31,      2008                         |   |                  | 5,456,400 |   |                            |   | 546    |                         |   |   | 573,094                                                              |   |   |                                            | -       |   |   |   | (601,053 | ) |   |   | (27,413 | ) |
|                                          |   |                  |      |   |                            |   |   |                         |   |   |                                                                 |   |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Issuance of      capital  stock for cash |   |                  | -         |   |                            |   | -      |                         |   |   | -                                                                    |   |   |                                            | -       |   |   |   | - |   |   |   | - |   |
|                                          |   |                  |      |   |                            |   |   |                         |   |   |                                                                 |   |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Cancellation      of capital  stock      |   |                  | -         |   |                            |   | -      |                         |   |   | -                                                                    |   |   |                                            | -       |   |   |   | - |   |   |   | - |   |
|                                          |   |                  |      |   |                            |   |   |                         |   |   |                                                                 |   |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Donated      services and rent                |   |                  | -         |   |                            |   | -      |                         |   |   | 3,000                                                                |   |   |                                            | -       |   |   |   | - |   |   |   | 3,000 |   |
|                                          |   |                  |      |   |                            |   |   |                         |   |   |                                                                 |   |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Stock-based      compensation                 |   |                  | -         |   |                            |   | -      |                         |   |   | -                                                                    |   |   |                                            | -       |   |   |   | - |   |   |   | - |   |
|                                          |   |                  |      |   |                            |   |   |                         |   |   |                                                                 |   |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Net      loss                                 |   |                  | -         |   |                            |   | -      |                         |   |   | -                                                                    |   |   |                                            | -       |   |   |   | (11,311 | ) |   |   | (11,311 | ) |
|                                          |   |                  |      |   |                            |   |   |                         |   |   |                                                                 |   |   |                                            |    |   |   |   |   |   |   |   |   |   |
| October 31,      2008                         |   |                  | 5,456,400 |   |                            | $      | 546    |                         |   | $      | 576,094                                                              |   |   |                                            | -       |   |   |   | (612,364 | ) |   |   | (35,724 | ) |

----

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

----

----

| 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 (the “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)   | The      Partnership was dissolved on June 15, 2008, at which time the Company’s      75% interest in the assets of the Partnership, which consist of interest      in certain oil and gas properties, was transferred to in wholly owned      subsidiary, Patch Oilsands Ltd. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d)   | 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 January 31, 2009, the Company recognized a total of $1,500      (2008 - $1,500) for management services at $500 per month provided by the      President of the Company, and $1,500 (2008 - $1,500) for rent at $500 per      month provided by the President of theCompany. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | At January      31, 2009, the Company is indebted to a director of the Company for $46,083      (January 31, 2008 - $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. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a)   | During the      year ended October 31, 2007, the Company issued 7,800 shares of common      stock for $780. |
|----------------|-------------------------------------------------------------------------------------------------------------|

| b)   | During the      year ended October 31, 2007, the Company received subscriptions of $71,660      for 716,000 shares of common stock issued pursuant to a private placement      at $0.10 per share. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | 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 stocks      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. Stock-based compensation was recorder during      the year ended October 31, 2008, representing the difference between the      fair value of the common shares and the consideration      received. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d)   | 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 of      $107,210.  At October 31, 2007, the Company had included      proceeds from this private placement of $71,210 in common stock      subscribed. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| e)   | 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. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f)   | On October      23, 2008, the Company repurchased 143,500 common shares for cash      consideration of $14,350, which were surrendered for cancellation pursuant      to rescission agreements dated October 23,2008. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

| 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                  |

----

|                                              |   | Three      Month Period Ended January 31, 2009($) |      |   | Three      Month Period Ended January 31, 2008($) |   |    | Period      from October      30,2006 (inception)      to January      31, 2009($) |   |
|---------------------------------------------------|--------|---------------------------------------------------|-----------|--------|---------------------------------------------------|--------|---------|------------------------------------------------------------------------------------|--------|
| Costs      and Expenses                           |   |                                              |      |   |                                              |   |    |                                                                               |   |
| General and      Administrative                   |   |                                              | 80        |   |                                              |   | 406     |                                                                               |   |   | 5,329 |   |
| Management      Fees                              |   |                                              | 1,500     |   |                                              |   | 1,500   |                                                                               |   |   | 13,500 |   |
| Rent                                              |   |                                              | 1,500     |   |                                              |   | 1,500   |                                                                               |   |   | 13,500 |   |
| Professional      Fees                            |   |                                              | 8,131     |   |                                              |   | 36,909  |                                                                               |   |   | 105,485 |   |
| Write off of      oil and gas costs               |   |                                              | -         |   |                                              |   | -       |                                                                               |   |   | 25,000 |   |
| Loss      and Comprehensive Loss                  |   |                                              | (11,311   | )      |                                              |   | (40,315 | )                                                                                  |   |   | (612,364 | ) |
| Net      Loss per Share – Basic and Diluted |   |                                              | (0.002    | )      |                                              |   | (0.21   | )                                                                                  |   |   | - |   |
| Weighted      Average Shares Outstanding          |   |                                              | 5,456,000 |   |                                              |   | 194,000 |                                                                               |   |   | - |   |

----

----

| Description                                                                                                        | Potential      Completion      Date |   | Estimated      Expenses($) |    |
|--------------------------------------------------------------------------------------------------------------------|-------------------------------------|--------|----------------------------|---------|
| Fund the      seismic and test well program on the Medicine Hat Property                                           | December      2009                  |   |                       | 95,000  |   |
| Develop a      website                                                                                             | December      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 auditing fees)                                                       | 12      months                      |   |                       | 100,000 |   |
| Marketing      expenses                                                                                            | 12      months                      |   |                       | 30,000  |   |
| General and      administrative expenses                                                                           | 12      months                      |   |                       | 14,000  |   |
| Total                                                                                                              |                                |   |                       | 500,000 |   |

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Item 3.  Quantitative and Qualitative Disclosures About MarketRisk

Item 4.  Controls and Procedures

Item 4T.  Controls and Procedures

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PART II – OTHER INFORMATION

| ExhibitNumber | ExhibitDescription                                                                                                                                       |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1          | Demand Promissory Note to Fifth Avenue Diversified Inc.      date January 20, 2009                                                                       |
| 31.1          | Certification of the Chief Executive 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 Sarabanes Oxley      Act of 2002 |

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|                            | Double Halo Resources      Inc. |
|---------------------------------|---------------------------------|
|                            | (Registrant)                    |
|                            |                            |
|  Date:      March 13, 2009 | By:                             | /s/      Susan Shacker  |
|                            |                            | Susan      Shacker |
|                            |                            | President,      Chief Executive Officer, Chief Financial Officer, Principal Accounting      Officer, Secretary, Treasurer,Director |