----

----

| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------------|

|  ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT OF 1934 |
|--------|--------------------------------------------------------------------------------|

| Nevada                                                         | 83-0512922                           |
|----------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |

| 123 West Nye Lane, Suite 129, Carson City, NV |
|-----------------------------------------------|
| (Address of principal executive offices)      |

| (775) 884-9380                        |
|---------------------------------------|
| (Registrant’s telephone number) |

|                                                                               |
|------------------------------------------------------------------------------------|
| (Former name, former address and former fiscal year, if changed since last report) |

|  ̈ |   Large accelerated filer |  ̈ |  Accelerated filer |  ̈ |  Non-accelerated filer (Do not check if smaller reporting company) | x |  Smaller Reporting  company |
|--------|-------------------------------------|--------|-------------------------|--------|-----------------------------------------------------------------------------------|---|---------------------------------------|

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|     |                                                                                                                                                                                       | Page Number |
|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|
|     |                                                                                                                                                                                       |             |
| PART I.  | FINANCIAL INFORMATION                                                                                                                                                                      |             |
|     |                                                                                                                                                                                       |             |
| ITEM 1.  | Financial Statements                                                                                                                                                                       | 4                |
|     |                                                                                                                                                                                       |             |
|     | Balance Sheet as at September 30, 2010 (unaudited) and June 30, 2010                                                                                                                       | 4                |
|     |                                                                                                                                                                                       |             |
|     | Statement of OperationsFor the three and six months periods ended September 30, 2010 and 2009 and for the period from August 2, 2007 (Date of Inception) to September 30, 2010 (unaudited) | 5                |
|     |                                                                                                                                                                                       |             |
|     | Statement of Cash FlowsFor the six month periods ended September 30, 2010 and 2009 and for the period from August 2, 2007 (Date of Inception) to September 30, 2010 (unaudited)            | 6                |
|     |                                                                                                                                                                                       |             |
|     | Notes to the Financial Statements.                                                                                                                                                         | 7                |
|     |                                                                                                                                                                                       |             |
| ITEM 2.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                | 11               |
|     |                                                                                                                                                                                       |             |
| ITEM 3.  | Quantitative and Qualitative Disclosure about Market Risk                                                                                                                                  | 13               |
|     |                                                                                                                                                                                       |             |
| ITEM 4.  | Controls and Procedures                                                                                                                                                                    | 13               |
|     |                                                                                                                                                                                       |             |
| PART II. | OTHER INFORMATION                                                                                                                                                                          | 13               |
|     |                                                                                                                                                                                       |             |
| ITEM 1.  | Legal Proceedings                                                                                                                                                                          | 13               |
|     |                                                                                                                                                                                       |             |
| ITEM 1A  | Risk Factors                                                                                                                                                                               | 14               |
|     |                                                                                                                                                                                       |             |
| ITEM 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                | 14               |
|     |                                                                                                                                                                                       |             |
| ITEM 3.  | Defaults Upon Senior Securities                                                                                                                                                            | 14               |
|     |                                                                                                                                                                                       |             |
| ITEM 4.  | Reserved                                                                                                                                                                                   | 14               |
|     |                                                                                                                                                                                       |             |
| ITEM 5.  | Other Information                                                                                                                                                                          | 14               |
|     |                                                                                                                                                                                       |             |
| ITEM 6.  | Exhibits                                                                                                                                                                                   | 14               |
|     |                                                                                                                                                                                       |             |
|     | SIGNATURES                                                                                                                                                                                 | 15               |

----

----

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

|                                               |   | September 30 |      |   | March 31 |   |
|----------------------------------------------------|--------|-------------------|-----------|--------|----------|--------|
|                                               |   | 2010              |      |   | 2010     |   |
|                                               |   |              |      |   |     |   |
| ASSETS                                             |   |              |      |   |     |   |
|                                               |   |              |      |   |     |   |
| Current Assets                                     |   |              |      |   |     |   |
| Cash                                               |   | $                 | -         |   |     | $      | - |   |
| Accounts receivable                                |   |              | 97,358    |   |     |   | 29,724 |   |
|                                               |   |              |      |   |     |   |   |   |
| Total Current Assets                               |   |              | 97,358    |   |     |   | 29,724 |   |
|                                               |   |              |      |   |     |   |   |   |
| OIL AND GAS LEASE (Note 3)                         |   |              | 896,136   |   |     |   | 898,712 |   |
|                                               |   |              |      |   |     |   |   |   |
| Total Assets                                       |   | $                 | 993,494   |   |     |   | 928,436 |   |
|                                               |   |              |      |   |     |   |   |   |
| CURRENT LIABILITIES                                |   |              |      |   |     |   |   |   |
| Accounts payable                                   |   | $                 | 103,524   |   |     |   | 41,563 |   |
| Advances from related parties                      |   |              | 42,127    |   |     |   | 31,340 |   |
|                                               |   |              |      |   |     |   |   |   |
| Total Current Liabilities                          |   |              | 145,651   |   |     |   | 72,903 |   |
|                                               |   |              |      |   |     |   |   |   |
| NOTE PAYABLE (Note 4)                              |   |              | 900,000   |   |     |   | 900,000 |   |
|                                               |   |              |      |   |     |   |   |   |
| Total Liabilities                                  |   | $                 | 1,045,651 |   |     |   | 972,903 |   |
|                                               |   |              |      |   |     |   |   |   |
| STOCKHOLDERS' DEFICIENCY                           |   |              |      |   |     |   |   |   |
| 500,000,000 shares authorized, $0.001 par value, ; |   |              |      |   |     |   |   |   |
| 40,000,000 shares issued and outstanding           |   |              | 40,000    |   |     |   | 40,000 |   |
| Capital in excess of par value                     |   |              | 47,425    |   |     |   | 39,625 |   |
| Accumulated deficit during the exploration stage   |   |              | (139,582) |   |     |   | (124,092) |   |
|                                               |   |              |      |   |     |   |   |   |
| Total Stockholders' Deficiency                     |   |              | (52,157)  |   |     |   | (44,467) |   |
|                                               |   |              |      |   |     |   |   |   |
|                                               |   | $                 | 993,494   |   |     |   | 928,436 |   |

----

|                                                                  |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   | From Aug 2,   |       |
|-----------------------------------------------------------------------|--------|------------------------------|------------|--------|------------------------------|--------|------------|------------------------------|--------|--------|------------------------------|--------|--------|-------------------------|------------|
|                                                                  |   | Three Months            |       |   | Three Months            |   |       | Six Months              |   |   | Six Months              |   |   | 2007 (date of |       |
|                                                                  |   | ended                        |       |   | ended                        |   |       | ended                        |   |   | ended                        |   |   | Inception) to      |       |
|                                                                  |   | September 30 ,2010 |       |   | September 30, 2009 |   |       | September 30, 2010 |   |   | September 30, 2009 |   |   | September 30,2010  |       |
|                                                                  |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   |                    |       |
| REVENUES                                                              |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   |                    |       |
| Oil and gas revenue                                                   |   | $                            | 46,445     |   |                         | $      | -          |                         |   | $      | 67,634                       |   |   | $                       | -          |   |   | $ | 97,358 |   |
| Less: Depletion                                                       |   |                         | (1,288     | )      |                         |   | -          |                         |   |   | (2,576                       | )      |   |                    | -          |   |   |   | (3,864 | ) |
|          Operating costs |   |                         | (39,153    | )      |                         |   | -          |                         |   |   | (43,823                      | )      |   |                    | -          |   |   |   | (57,443 | ) |
| Net gain on oil and gas revenue                                       |   |                         | 6,004      |   |                         |   | -          |                         |   |   | 21,235                       |   |   |                    | -          |   |   |   | 36,051 |   |
|                                                                  |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   |                    |       |   |   |   |   |   |
| GENERAL AND ADMINISTRATIVE EXPENSES                                   |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   |                    |       |   |   |   |   |   |
| Accounting and audit                                                  |   |                         | 1,775      |   |                         |   | 1,550      |                         |   |   | 5,500                        |   |   |                    | 3,600      |   |   |   | 46,818 |   |
| Consulting                                                            |   |                         | -          |   |                         |   | -          |                         |   |   | -                            |   |   |                    | -          |   |   |   | 20,000 |   |
| Edgarizing                                                            |   |                         | -          |   |                         |   | 262        |                         |   |   | -                            |   |   |                    | 525        |   |   |   | 3,150 |   |
| Exploration                                                           |   |                         | -          |   |                         |   | -          |                         |   |   | -                            |   |   |                    | -          |   |   |   | 11,217 |   |
| Filing fees                                                           |   |                         | 44         |   |                         |   | -          |                         |   |   | 44                           |   |   |                    | -          |   |   |   | 94 |   |
| Incorporation costs                                                   |   |                         | -          |   |                         |   | -          |                         |   |   | -                            |   |   |                    | -          |   |   |   | 1,479 |   |
| Legal                                                                 |   |                         | -          |   |                         |   | -          |                         |   |   | -                            |   |   |                    | -          |   |   |   | 8,913 |   |
| Management fees                                                       |   |                         | 3,000      |   |                         |   | 3,000      |                         |   |   | 6,000                        |   |   |                    | 6,000      |   |   |   | 36,000 |   |
| Office                                                                |   |                         | 63         |   |                         |   | 385        |                         |   |   | 186                          |   |   |                    | 596        |   |   |   | 1,816 |   |
| Rent                                                                  |   |                         | 600        |   |                         |   | 600        |                         |   |   | 1,200                        |   |   |                    | 1,200      |   |   |   | 7,200 |   |
| Telephone                                                             |   |                         | 300        |   |                         |   | 300        |                         |   |   | 600                          |   |   |                    | 600        |   |   |   | 3,600 |   |
| Transfer agent fees                                                   |   |                         | 664        |   |                         |   | -          |                         |   |   | 695                          |   |   |                    | -          |   |   |   | 2,619 |   |
| Travel                                                                |   |                         | -          |   |                         |   | -          |                         |   |   | -                            |   |   |                    | -          |   |   |   | 1,474 |   |
| Total expenses                                                        |   |                         | 6,447      |   |                         |   | 6,097      |                         |   |   | 14,225                       |   |   |                    | 12,521     |   |   |   | 144,380 |   |
|                                                                  |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   |                    |       |   |   |   |   |   |
| Loss :From Operations                                                 |   |                         | (443       | )      |                         |   | (6,097     | )                            |   |   | 7,010                        |   |   |                    | (12,521    | ) |   |   | (108,330 | ) |
|                                                                  |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   |                    |       |   |   |   |   |   |
| OTHER EXPENSES                                                        |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   |                    |       |   |   |   |   |   |
| Interest on promissory note                                           |   |                         | (11,250    | )      |                         |   | -          |                         |   |   | (22,500                      | )      |   |                    | -          |   |   |   | (31,252 | ) |
|                                                                  |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   |                    |       |   |   |   |   |   |
| NET LOSS                                                              |   | $                            | (11,693    | )      |                         | $      | (6,097     | )                            |   | $      | (15,490                      | )      |   | $                       | (12,521    | ) |   | $ | (139,582 | ) |
|                                                                  |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   |                    |       |   |   |   |   |   |
| NET LOSS PER COMMON SHARE                                             |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   |                    |       |   |   |   |   |   |
| Basic                                                                 |   | $                            | (0.00      | )      |                         | $      | (0.00      | )                            |   | $      | (0.00                        | )      |   | $                       | (0.00      | ) |   |   |   |   |
|                                                                  |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   |                    |       |   |   |   |   |   |
| AVERAGE OUTSTANDING SHARES                                            |   |                         |       |   |                         |   |       |                         |   |   |                         |   |   |                    |       |   |   |   |   |   |
| Basic                                                                 |   |                         | 40,000,000 |   |                         |   | 40,000,000 |                         |   |   | 40,000,000                   |   |   |                    | 40,000,000 |   |   |   |   |   |

----

|                                                                                      |   | SixMonths     |     |   | SixMonths     |   |    | August 2,2007   |   |
|-------------------------------------------------------------------------------------------|--------|---------------|----------|--------|---------------|--------|---------|-----------------|--------|
|                                                                                      |   | ended         |     |   | ended         |   |    | ( inception) to |   |
|                                                                                      |   | September 30, |     |   | September 30, |   |    | September 30,   |   |
|                                                                                      |   | 2010          |     |   | 2009          |   |    | 2010            |   |
|                                                                                      |   |          |     |   |          |   |    |            |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                                      |   |          |     |   |          |   |    |            |   |
| Net Loss                                                                                  |   | $             | (15,490  | )      |          | $      | (12,521 | )               |   | $ | (139,582 | ) |
|                                                                                      |   |          |     |   |          |   |    |            |   |   |   |   |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |   |          |     |   |          |   |    |            |   |   |   |   |
| Capital contributions - expenses                                                          |   |          | 7,800    |   |          |   | 7,800   |            |   |   | 46,800 |   |
| Depletion expense                                                                         |   |          | 2,576    |   |          |   | -       |            |   |   | 3,864 |   |
| Changes in accounts receivable                                                            |   |          | (67,634  | )      |          |   | -       |            |   |   | (97,358 | ) |
| Changes in accounts payable                                                               |   |          | 61,961   |   |          |   | (4,093  | )               |   |   | 103,524 |   |
|                                                                                      |   |          |     |   |          |   |    |            |   |   |   |   |
| NET CASH FLOWS USED IN OPERATING ACTIVITIES                                               |   |          | (10,787  | )      |          |   | (8,814  | )               |   |   | (82,752 | ) |
|                                                                                      |   |          |     |   |          |   |    |            |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                                      |   |          |     |   |          |   |    |            |   |   |   |   |
| Purchase of Gas & Oil lease                                                           |   |          | (900,000 | )      |          |   | -       |            |   |   | (900,000 | ) |
|                                                                                      |   |          |     |   |          |   |    |            |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                      |   |          |     |   |          |   |    |            |   |   |   |   |
| Advances from related parties                                                             |   |          | 10,787   |   |          |   | 8,814   |            |   |   | 42,127 |   |
| Note payable - purchase of Gas & Oil lease                                            |   |          | 900,000  |   |          |   | -       |            |   |   | 900,000 |   |
| Proceeds from issuance of common stock                                                    |   |          | -        |   |          |   | -       |            |   |   | 40,625 |   |
|                                                                                      |   |          |     |   |          |   |    |            |   |   |   |   |
| NET CASH PROVIDED BY FINANCING ACTIVITIES                                                 |   |          | 910,787  |   |          |   | 8,814   |            |   |   | 982,752 |   |
|                                                                                      |   |          |     |   |          |   |    |            |   |   |   |   |
| NET INCREASE  IN CASH                                                           |   |          | -        |   |          |   | -       |            |   |   | - |   |
|                                                                                      |   |          |     |   |          |   |    |            |   |   |   |   |
| CASH AT BEGINNING OF PERIOD                                                               |   |          | -        |   |          |   | 57      |            |   |   | - |   |
|                                                                                      |   |          |     |   |          |   |    |            |   |   |   |   |
| CASH AT END OF PERIOD                                                                     |   | $             | -        |   |          | $      | 57      |            |   | $ | - |   |

----

| 1. | ORGANIZATION |
|----|--------------|

| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|----|--------------------------------------------|

|   | Basic and Diluted Net Income (loss) Per Share |
|--------|-----------------------------------------------|

|   | Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding.   Diluted net income (loss) per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes antidulutive and then only the basic per share amounts are shown in the report. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | The carrying amounts of financial instruments are considered by management to be their fair value due to their short term maturities. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | Statement of Cash Flows |
|--------|-------------------------|

|   | For the purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Environmental Requirements |
|--------|----------------------------|

|   | At the report date environmental requirements related to the oil and gas leases acquired are unknown and therefore any estimate of any future cost cannot be made. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In January 2010, the FASB issued Accounting Standards Update No. 2010-03, Extractive Activities-Oil and Gas (Topic 932): Oil and Gas Reserve Estimation and Disclosures, in order to align Generally Accepted Accounting Principal requirements with the Securities and Exchange Commission's (SEC) new disclosure rules. In December 2008, the SEC released a final rule, Modernization of Oil and Gas Reporting, which amends the oil and gas reporting requirements. The key revisions to the reporting requirements include: using a 12-month average price to determine reserves; including nontraditional resources in reserves if they are intended to be upgraded to synthetic oil and gas; ability to use new technologies to determine and estimate reserves; and permitting the disclosure of probable and possible reserves. The accounting changes resulting from changes in definitions and pricing assumptions should be treated as a change in accounting principle that is inseparable from a change in accounting estimate, which is to be applied prospectively. The final rule is effective for annual reporting periods ending on or after December 31, 2009. The Company has not yet determined whether the adoption of ASC Topic 932 will impact the Company's financial position or results of operations. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Oil and gas leases |
|--------|--------------------|

|   | The Company intends to drill for oil and natural gas on its leases.   Drilling costs will be treated as work in progress until such time as each well has been finished and its commercial potential evaluated. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company follows the successful efforts method of accounting and will capitalize successful wells and related leasehold costs.   These costs will be amortized using the unit of production method.   Dry hole and related leasehold costs will be expensed.  On September 30, 2010, the Company had a 14.9% working interest in one producing gas well. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In June 2009, the FASB issued new accounting guidance which will change how a company determines when an entity that is insufficiently capitalized or is not controlled through voting (or similar rights) should be consolidated. Under this guidance, determining whether a company is required to consolidate an entity will be based on, among other things, an entity's purpose and design and a company's ability to direct the activities of the entity that most significantly impact the entity's economic performance. This guidance is effective at the start of a company’s first fiscal year beginning after November 15, 2009, or January 1, 2010 for companies reporting earnings on a calendar-year basis. The adoption of this guidance did not have an impact on our consolidated financial position or results of operations. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Other recent accounting pronouncements issued by the FASB and the SEC did not, or are not believed by management to, have a material impact on the Company's present or future consolidated financial statements. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | OIL AND GAS LEASES |
|----|--------------------|

|   | On January 19, 2010, Imperial Oil entered into a Net Profit Agreement whereby Imperial agreed to share profits from certain mutually beneficial oil and gas exploration and development opportunities in Canada and the continental United States (“Prospects”).  Pursuant to the this Agreement, Imperial Oil granted Mara Energy, LLC (“Mara”), a Delaware Limited Liability Company, an interest in the Prospects by way of a Net Profit Interest.   The Net Profit Interest is an interest in the Prospects that entitles Imperial Oil to receive a monthly amount equal to 50% of the Net Proceeds resulting from the sale of petroleum substances obtained from the Prospects. The Company has not recognized any revenues from this agreement as of September 30, 2010. Mr. Robert Durbin, Imperial Oil’s Chief Executive Officer and Chairman of the Board, owns a 15% interest in Mara. On January 20, 2010, Coach Capital, LLC (“Coach”), an unrelated company, assigned to the Company’s wholly owned subsidiary a 14.9% working interest in the oil, gas and mineral leases in the Greater Garwood hydrocarbon exploration project located in Colorado County, Texas (the “Project”).   The assignment was made subject to the terms and conditions of the leases and that certain unrecorded Participation Agreement dated November 5, 2008 between El Paso E & P Company, L.P. and Baytor Energy LLC, and the Carry Agreement dated October 27, 2009 between Baylor Energy LLC and Coach. On April 1, 2010, Imperial Oil entered into an Assignment of Overriding Royalty Interest Agreement whereby Imperial Oil agrees to pay Sydney Oil & Gas, LLC, a Texas limited liability company controlled by Mr. Robert Durbin, a gross overriding royalty of 6.5% of 8/8 for each lease or working interest acquired by Imperial Oil.  Mr. Durbin owns an interest in and controls Sydney Oil & Gas, LLC. On June 28, 2010, Imperial Oil and Gas, Inc., a Delaware corporation (“Imperial Oil”) and a wholly owned subsidiary of Imperial Resources, Inc., entered into a letter agreement (the “Hydro Letter Agreement”) with Hydro-FX Holding, Ltd. (“Hydro”) to fund an oil and gas waste water disposal operation located in Wise County, Texas (the “Venture”) contingent on Hydro working out agreements with their creditors, acceptable to Imperial, to resolve its current obligations.  Pursuant to the Hydro Letter Agreement, Imperial Oil agreed to loan $1,500,000 to Hydro, pursuant to the terms of a promissory note which may be converted, at the election of Imperial Oil, into a 40% ownership interest in the Venture.  The funds contributed by Imperial Oil were to be used to complete the drilling of the site as well as other operating costs.  The Hydro-FX site has since been foreclosed upon by a creditor therefore the agreement above is no longer in effect. On July 1, 2010, Imperial Oil entered into a participation agreement and joint operating agreement with OKT Resources, LLC (“OKT”) to acquire an undivided 70% working interest in two wells located on leases acquired by OKT.  Pursuant to the participation agreement, the agreement was contingent on Imperial Oil paying to OKT certain fees and costs for such wells, estimated at $1,744,475, including geologic prospect fees of both wells, drilling and completion costs for one well.   Imperial Oil did not pay to OKT the fees and costs mentioned above on time and the agreement is no longer in effect and all terms and conditions contained in the Agreements are no longer in force and effect. On July 12, 2010, Imperial Oil entered into a participation agreement, area of mutual interest (AMI) agreement and joint operating agreement (the “Husky Agreements”) with Husky Ventures, Inc. (“Husky”) to acquire a 50% working interest in a horizontal oil and gas drilling project and 5,000 acres of acreage to be leased..  Pursuant to the participation agreement, the agreement is contingent on Imperial Oil paying to Husky an amount of $398,750 for 50% of the acreage costs plus Imperial Oil’s share of the drilling and completion expenses estimated at $1,503,225.  To date Imperial Oil has not paid the aforementioned amounts and the agreement is subject to cancellation by Husky. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 4.     | NOTE PAYABLE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | On January 19, 2010, Imperial Oil borrowed $900,000 from Coach pursuant to a promissory note issued to Coach.   The outstanding balance under the note will accrue interest at 5% per annum and is due in full on January 19, 2013.  If the note and accrued interest are not repaid in full between one year and three years after January 19, 2010, Coach will be paid 75% of the production revenue received by Imperial Oil from the lease, excluding the interest in the Cochran #1 well.  If the note and accrued interest are not repaid in full after three years from January 19, 2010, Coach will be paid 100% of the net production revenue received by Imperial Oil from the lease, excluding the interest in the Cochran #1 well. |
|   | The interest on the Note for the period from issuance to September 30, 2010 is $22,500 and has been credited to accounts payable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

| 5. | SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES |
|----|-----------------------------------------------|

|   | Officers-directors and their families have no shares in the Company and have made advances to the Company of $42,127 and have made contributions to capital of $46,800 in the form of expenses paid on behalf of the Company. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | CAPITAL STOCK |
|----|---------------|

|   | On October 31, 2007, Company completed a private placement consisting of 195,450,000 post dividend common shares sold to directors and officers for a total consideration of $3,000.  On December 31, 2007, the Company completed a private placement of 49,665,000 post dividend common shares a total consideration of $37,625.  On November 3, 2009, the Company issued a stock dividend to shareholders of record whereby the Company issued sixty-five shares of its common stock for each share of common stock held by such investors. Subsequent to December 31, 2009, 165,750,000 post dividend common shares were returned to Treasury and later a further 29,465,000 post dividend common shares were cancelled and returned to Treasury leaving an outstanding balance of 49,900,000 common shares. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | On April 29, 2010, a stockholder of the Company returned 9,900,000 shares of the Company’s common stock to treasury for cancellation.   As a result, the number of shares of the Company’s common stock outstanding was reduced from 49,900,000 to 40,000,000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | The 40,000,000 post dividend common shares are shown from the date of inception.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

| 7. | GOING CONCERN |
|----|---------------|

|   | The Company intends to seek business opportunities that will provide a profit.  However, the Company does not have the working capital necessary to be successful in this effort and to service its debt, which raises substantial doubt about its ability to continue as a going concern.                                                     |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                |
|   | Continuation of the Company as a going concern is dependent upon obtaining additional working capital and the management of the Company has developed a strategy, which it believes will accomplish this objective through additional loans from related parties, and equity funding, which will enable the Company to operate for the coming year. |

| 8. | SUBSEQUENT EVENTS |
|----|-------------------|

|   | The Company has evaluated subsequent events through November 15, 2010, which is the date the financial statements were issued.                                                                                                                                                                                                                                                      |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                |
|   | On November 15, 2010 Imperial Oil and Gas Inc., a 100% owned subsidiary of the Company, entered into a variation of Mr Robert Durbin’s management agreement by way of a Letter Agreement whereby Mr Durbin, in addition to his current management agreement dated April 1, 2010, will be paid $5,000 per month in the months of November and December 2010, and January 2011. |

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| ITEM 2. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|---------|---------------------------------------------------------------------------------------------|

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| ITEM 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURE OF MARKET RISK |
|---------|--------------------------------------------------------|

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

| ● | Our Audit Committee does not function as an Audit Committee should since there is a lack of independent directors on the Committee and our Board of Directors has not identified an “expert”, one who is knowledgeable about reporting and financial statements requirements, to serve on the Audit Committee. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | We have limited segregation of duties which is not consistent with good internal control procedures. |
|---------|------------------------------------------------------------------------------------------------------|

| ● | We do not have a written internal control procedurals manual which outlines the duties and reporting requirements of our Directors and any staff to be hired in the future.  This lack of a written internal control procedurals manual does not meet the requirements of the SEC or good internal control. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM 1. | LEGAL PROCEEDINGS |
|---------|-------------------|

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

| ITEM 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |
|---------|-------------------------------------------------------------|

| ITEM 3. | DEFAULTS UPON SENIOR SECURITIES |
|---------|---------------------------------|

| ITEM 4. | RESERVED |
|---------|----------|

| ITEM 5. | OTHER INFORMATION |
|---------|-------------------|

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

| Exhibit Number |   | Name                                                                                                                                                    |
|----------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1            |   | Certificate of Incorporation (incorporated by reference from our Registration Statement on Form S-1 filed on July 7, 2008, Registration No. 333-152160) |
|           |   |                                                                                                                                                    |
| 3.2            |   | Articles of Incorporation (incorporated by reference from our Registration Statement on Form S-1 filed on July 7, 2008, Registration No. 333-152160)    |
|           |   |                                                                                                                                                    |
| 3.3            |   | By-laws (incorporated by reference from our Registration Statement on Form S-1 filed on July 7, 2008, Registration No. 333-152160)                      |
|           |   |                                                                                                                                                    |
| 4              |   | Specimen Stock Certificate (incorporated by reference from our Registration Statement on Form S-1 filed on July 7, 2008, Registration No. 333-152160)   |
|           |   |                                                                                                                                                    |
| 31.1           |   | Rule 13a-14(a)/15d-14(a) Certification (Principal Executive Officer)                                                                                    |
|           |   |                                                                                                                                                    |
| 31.2           |   | Rule 13a-14(d)/15d-14(d) Certification (Principal Financial Officer)                                                                                    |
|           |   |                                                                                                                                                    |
| 32             |   | Section 1350 Certifications                                                                                                                             |

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|                         | IMPERIAL RESOURCES, INC. |
|------------------------------|--------------------------|
|                         |                     |   |
| Date: November 17, 2010 | By:                      | /s/ James Payyappilly |
|                         |                     | James Payyappilly, President, Chief Executive Officer and Director(Principal Executive Officer) |
|                         |                     |   |
| Date: November 17, 2010 | By:                      | /s/ Josey Sajan |
|                         |                     | Josey Sajan, Chief Financial Officer, Chief Accounting Officer, Secretary and Director(Principal Financial Officer and Principal Accounting Officer) |

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