**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


Washington,
      D.C. 20549





**FORM
      10-QSB**





x
            Quarterly
                Report under Section 13 or 15(d) of the Securities Exchange Act of
                1934


For
      the
      quarterly period ended April 30, 2006





o
            Transition
                report under Section 13 or 15(d) of the Exchange
                Act


For
      the
      transition period from __________ to __________




Commission
      File Number: 000-51427





**BLACKSANDS
      PETROLEUM, INC.**


(Exact
      name of Registrant as specified in its charter)





Nevada
            
            20-1740044(State
                or other jurisdiction
            
            (I.R.S.
                Employerof
                incorporation or organization
            
            Identification
                No.)





SUITE
                328, 369 ROCKY VISTA PARK DRIVECALGARY,
                ALBERTA T3G 5K7CANADA
            
            Telephone:
                (403) 399-2836(Address
                of principal executive offices)
            
            (Registrant's
                telephone number, including area
                code)





Lam
      Liang
      Corp., Unico House (Unit 12D/1), 12 th Floor


29/1
      Soi
      Langsuan, Ploenchit Road, Bangkok 10330, Thailand


Former
      Name, Address and Fiscal Year, If Changed Since Last Report





Check
      whether the issuer: (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the past 12 months (or for such shorter period
      that the registrant was required to file such reports), and (2) has been subject
      to such filing requirements for the past 90 days. Yes x No
o





We
      had a
      total of 2,100,000 shares of common stock issued and outstanding at June 16,
      2006.





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). Yes x No
o





Transitional
      Small Business Disclosure Format: Yes o No
x











**Part
      I - Financial Information**




**Item
      1. Financial Statements**





The
      interim financial statements included herein are unaudited but reflect, in
      management's opinion, all adjustments, consisting only of normal recurring
      adjustments, that are necessary for a fair presentation of the Registrant's
      financial position and the results of our operations for the interim periods
      presented. Because of the nature of our business, the results of operations
      for
      the quarterly period ended April 30, 2006 are not necessarily indicative of
      the
      results that may be expected for the full fiscal year.




-2-




**Blacksands
                  Petroleum, Inc.****(Formerly
                  known as Lam Liang Corp.)****(A
                  Development Stage Enterprise)****Balance
                  Sheets**
  **Unaudited**
              
              **Audited****As
                  of**
              
              **As
                  of****April
                  30, 2006**
              
              **October
                  31, 2005****A
                S S E T S**Current
                AssetsCash
                  at bank
              
              $
              40,081
              
              $
              41,048Petty
                  Cash
              
              
              43
              
              
              —Total
                  Current Assets
              
              
              40,124
              
              
              41,048Fixed
                  AssetsFurniture,
                  net of depreciation
              
              
              776
              
              
              779Office
                  Equipment, net of depreciation
              
              
              720
              
              
              757Total
                  Fixed Assets
              
              
              1,496
              
              
              1,536Other
                  AssetsRent
                  Deposit
              
              
              933
              
              
              859Total
                  Other Assets
              
              
              933
              
              
              859Total
                  Assets
              
              $
              42,553
              
              $
              43,443**L
                  I A B I L I T I E S**Current
                  LiabilitiesPayroll
                  Witholding Taxes Payable
              
              $
              2,080
              
              $
              15Total
                  Current Liabilities
              
              
              2,080
              
              
              15Total
                  Liabilities
              
              
              2,080
              
              
              15**S
                  T O C K H O L D E R S ' E Q U I T Y**Common
                  StockAdditional
                  Paid-in-Capital
              
              
              57,900
              
              
              57,900Accumulated
                  Comprehensive Loss
              
              
              (969
              )
              
              (2,792
              )Deficit
                  accumulated during the development stage
              
              
              (18,558
              )
              
              (13,780
              )Total
                  Stockholders' Equity
              
              
              40,473
              
              
              43,428Total
                  Liabilities and Stockholders' Equity
              
              $
              42,553
              
              $
              43,443


See
        accompanying notes to Financial Statements.
  -3-


**Blacksands
                  Petroleum, Inc.****(Formerly
                  known as Lam Liang Corp.)****(A
                  Development Stage Enterprise)****Statements
                  of Operations**
  **Unaudited****Unaudited**
              
              **Unaudited**
              
              **Unaudited**
              
              **Unaudited**
              
              **From
                  Inception****For
                  the Six Months**
              
              **For
                  the Six Months**
              
              **For
                  the Three**
              
              **For
                  the Three**
              
              **(October
                  12, 2004)****Ended**
              
              **Ended**
              
              **Months
                  Ended**
              
              **Months
                  Ended**
              
              **through****April
                  30, 2006**
              
              **April
                  30, 2005**
              
              **April
                  30, 2006**
              
              **April
                  30, 2005**
              
              **April
                  30, 2006****Revenues:**Revenue
              
              $
              —
              
              $
              —
              
              $
              —
              
              $
              —
              
              $
              —Total
                  Revenues
              
              
              —
              
              
              —
              
              
              —
              
              
              —
              
              
              —**Expenses:**Professional
                  Fees
              
              
              625
              
              
              —
              
              
              625
              
              
              
              
              
              5,823Depreciation
              
              
              42
              
              
              
              
              
              21
              
              
              
              
              
              442Office
                  and Administration
              
              
              4,111
              
              
              5,932
              
              
              2,503
              
              
              4,606
              
              
              12,310Total
                  Expenses
              
              
              4,778
              
              
              5,932
              
              
              3,149
              
              
              4,606
              
              
              18,575Net
                  loss from Operations
              
              
              (4,778
              )
              
              (5,932
              )
              
              (3,149
              )
              
              (4,606
              )
              
              (18,575
              )**Other
                  Income and Expenses:**Interest
                  Income
              
              
              —
              
              
              —
              
              
              —
              
              
              —
              
              
              17Gain
                  (Loss) from Currency Transaction
              
              
              —
              
              
              —
              
              
              —
              
              
              —
              
              
              —Net
                  Loss before Taxes
              
              
              (4,778
              )
              
              (5,932
              )
              
              (3,149
              )
              
              (4,606
              )
              
              (18,558
              )**Provision
                  for Income Taxes:**Income
                  Tax BenefitNet
                  Loss
              
              $
              (4,778
              )
              $
              (5,932
              )
              $
              (3,149
              )
              $
              (4,606
              )
              $
              (18,558
              )Other
                  Comprehensive Income (Loss)
              
              $
              1,823
              
              $
              (1,181
              )
              $
              —
              
              $
              (1,422
              )
              $
              (969
              )Total
                Comprehensive Loss
              
              $
              (2,955
              )
              $
              (7,133
              )
              $
              (3,419
              )
              $
              (6,028
              )
              $
              (19,527
              )Basic
                  and Diluted Loss Per Common Share
              
              $
              (0.00
              )
              $
              (0.01
              )
              $
              (0.00
              )
              $
              (0.00
              )
              $
              (0.01
              )Weighted
                  Average number of Common Shares
              
              
              2,100,000
              
              
              1,266,667
              
              
              2,100,000
              
              
              1,550,000
              
              
              1,770,231used
                  in per share calculations


See
        accompanying notes to Financial Statements.
  -4-





**Blacksands
                  Petroleum, Inc.****(Formerly
                  known as Lam Liang Corp.)****(A
                  Development Stage Enterprise)****Statements
                  of Cash Flows**
  **Unaudited****From
                  Inception****For
                  the Six Months**
              
              **(October
                  12, 2004)****Ended**
              
              **through****April
                  30, 2006**
              
              **April
                  30, 2006**Cash
                  Flows from Operating Activities:Net
                  Loss
              
              $
              (4,778
              )
              $
              (18,558
              )Foreign
                  Currency Income (Loss)
              
              
              1,823
              
              
              (969
              )Adjustments
                  to reconcile net loss tonet
                  cash used by operating activites:Other
                  Comprehensive Income
              
              
              —
              
              
              —Changes
                  in Operating assets and liabilitiesIncrease
                  in accounts payable
              
              
              
              
              
              15Increase
                  in related party loans
              
              
              
              
              
              802Changes
                  in deposits
              
              
              
              
              
              (904
              )Payroll
                  and Withholding Taxes Payable
              
              
              2,065
              
              
              2,102Office
                  Equipment and Furniture: Depreciation
              
              
              42
              
              
              442Net
                  Cash Used by Operating Activities
              
              
              (850
              )
              
              (17,070
              )Cash
                  Flows from Investing Activities:Office
                  Equipment and Furniture: Cost
              
              
              —
              
              
              (1,910
              )Rent
                  Deposit
              
              
              (74
              )
              
              (896
              )Net
                  Cash Used in Investing Activities
              
              
              (74
              )
              
              (2,806
              )Cash
                  Flows from Financing Activities:Sales
                  of Common Stock
              
              
              —
              
              
              60,000Net
                  Cash Provided from Financing Activities
              
              
              —
              
              
              60,000Net
                  Increase (decrease) in Cash
              
              
              (924
              )
              
              40,124Cash
                  Balance, Begin Period
              
              
              41,048
              
              
              —Cash
                  Balance, End Period
              
              $
              40,124
              
              $
              40,124Supplemental
                  Disclosures:Cash
                  Paid for interest
              
              $
              —
              
              $
              —Cash
                  Paid for income taxes
              
              $
              —
              
              $
              —


See
        accompanying notes to Financial Statements.


-5-




BLACKSANDS
      PETROLEUM, INC.


(FORMERLY
        KNOWN AS LAM LIANG CORP.)


(A
        DEVELOPMENT STAGE COMPANY)
 NOTES
        TO
        FINANCIAL STATEMENTS


1.
              DESCRIPTION
                  OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT
                  POLICIES
 
 Description
        of business and history -
        Blacksands Petroleum, Inc., a Nevada corporation, (hereinafter referred to
        as
        the “Company”) was incorporated in the State of Nevada on October 12, 2004 as
        Lam Liang Corp. We were formed to design, produce and sell fashionable computer
        laptop cases for women through our subsidiary, Maha San Lam Liang Co. Ltd.,
        a
        Thai corporation, in Bangkok, Thailand. In November, 2004, the company acquired
        99.94% ownership in a privately-held company, registered under the laws of
        Thailand under the name of Maha San Lam Liang Co. Ltd. The company was formed
        and registered in Thailand on November 5, 2004 by Dr. Anchana Chayawatana,
        who
        was the sole officer and director of the company. The subsidiary was
        subsequently dissolved on June 5, 2006. The Company's operations have been
        limited to general administrative operations and development of its first
        product line and is considered a development stage company in accordance
        with
        Statement of Financial Accounting Standards No. 7. On May 6, 2006, three
        of our
        directors resigned and two new directors were appointed to our board of
        directors. As a result, on May 6, 2006, we exited our previous plan of
        operation. We do not currently have an operating business and are looking
        to
        capitalize on the experience and knowledge of our management in considering
        possible strategic transaction in the unconventional oil industry. To indicate
        our new direction into the unconventional oil industry, we filed a Certificate
        of Amendment to our Articles of Incorporation on June 9, 2006 to change our
        name
        from “Lam Liang Corp.” to “Blacksands Petroleum, Inc.”.
 
 Management
        of Company - The
        Company filed its articles of incorporation with the Nevada Secretary of
        State
        on October 12, 2004, indicating Sandra L. Miller on behalf of Resident Agents
        of
        Nevada, Inc. as the sole incorporator.
 
 The
        Company filed its annual list of officers and directors with the Nevada
        Secretary of State on September 29, 2005, indicating that its President is
        Anchana Chayawatana, its Secretary is Anongnat Chansangachom and its
        Treasurer is Prapaipan Chayawatana. On April 24, 2006, Dr. Chayawatana, Ms. Chansangachom and Ms.
        Chayawatana resigned from their positions as officers of the Company and
        Darren
        Stevenson became the President, Secretary and Chief Executive Officer of
        the
        Company. Dr. Chayawatana, Ms. Chansangachom and Ms.
        Chayawatana were directors throughout the period covered by the Report. On
        May
        6, 2006, Dr. Chayawatana, Ms. Chansangachom and Ms.
        Chayawatana resigned as the Company’s directors and Darren Stevenson and Bruno
        Mosimann became the Company’s directors.
 
 Going
        concern - The
        Company incurred net losses of approximately $18,106 and accumulated other
        comprehensive income (loss) of $969 from the period of October 12, 2004 (Date
        of
        Inception) through April 30, 2006 and has not commenced its operations, rather,
        still in the development stages, raising substantial doubt about the Company’s
        ability to continue as a going concern.
 
 The
        ability of the Company to continue as a going concern is dependent on additional
        sources of capital and the success of the Company’s plan. The financial
        statements do not include any adjustments that might be necessary if the
        Company
        is unable to continue as a going concern.
 
 Year
        end - The
        Company’s year end is October 31.
 
 Principles
        of consolidation - The
        consolidated financial statements include the accounts of the Company and
        its
        subsidiaries. All significant intercompany transactions and balances have
        been
        eliminated.
 
 Use
        of
        estimates - The
        preparation of consolidated financial statements in conformity with generally
        accepted accounting principles requires management to make estimates and
        assumptions that affect the reported amounts of assets and liabilities and
        disclosure of contingent assets and liabilities at the date of the financial
        statements and the reported amounts of revenue and expenses during the reporting
        period. Actual results could differ from those estimates.
  -6-
  BLACKSANDS
          PETROLEUM, INC.
 (FORMERLY
            KNOWN AS LAM LIANG CORP.)
 (A
        DEVELOPMENT STAGE COMPANY)
 NOTES
        TO
        FINANCIAL STATEMENTS (CONTINUED)
  1.
              DESCRIPTION
                  OF BUSINESS AND SUMMARY OF SIGNIFICANT POLICIES(continued)
 
 Property
        and equipment -
        Property and equipment are stated at cost less accumulated depreciation.
        Depreciation is provided principally on the straight-line method over the
        estimated useful lives of the assets, which are generally 3 to 27 years.
        The
        amounts of depreciation provided are sufficient to charge the cost of the
        related assets to operations over their estimated useful lives. Upon sale
        or
        other disposition of a depreciable property, cost and accumulated depreciation
        are removed from the accounts and any gain or loss is reflected in other
        income.
 
 The
        Company periodically evaluates whether events and circumstances have occurred
        that may warrant revision of the estimated useful life of fixed assets or
        whether the remaining balance of fixed assets should be evaluated
 for
        possible impairment. The Company uses an estimate of the related undiscounted
        cash flows over the remaining life of the fixed assets in measuring their
        recoverability.
 
 Income
        taxes - The
        Company accounts for its income taxes in accordance with Statement of Financial
        Accounting Standards No. 109, which requires recognition of deferred tax
        assets
        and liabilities for future tax consequences attributable to differences between
        the financial statement carrying amounts of existing assets and liabilities
        and
        their respective tax bases and tax credit carry forwards. Deferred tax assets
        and liabilities are measured using enacted tax rates expected to apply to
        taxable income in the years in which those temporary differences are expected
        to
        be recovered or settled. The effect on deferred tax assets and liabilities
        of a
        change in tax rates is recognized in operations in the period that includes
        the
        enactment date.
 
 Management
        feels the Company will have a net operating loss carryover to be used for
        future
        years. Such losses may not be fully deductible due to the significant amounts
        of
        non-cash service costs. The Company has not established a valuation allowance
        for the full tax benefit of the operating loss carryovers due to the uncertainty
        regarding realization.
 
 Net
        loss per common share - The
        Company computes net loss per share in accordance with SFAS No. 128, Earnings
        per Share (SFAS 128) and SEC Staff Accounting Bulletin No. 98 (SAB 98). Under
        the provisions of SFAS 128 and SAB 98, basic net loss per share is computed
        by
        dividing the net loss available to common stockholders for the period by
        the
        weighted average number of shares of common stock outstanding during the
        period.
        The calculation of diluted net loss per share gives effect to common stock
        equivalents; however, potential common shares are excluded if their effect
        is
        antidilutive. For the period from October 12, 2004 (Date of Inception) through
        April 30, 2006, no options and warrants were excluded from the computation
        of
        diluted earnings per share because their effect would be
        antidilutive.
 
 Comprehensive
        income (loss) - The
        Company’s bank account is located in Thailand, with funds in Thai baht. Foreign
        currency translation gains and losses were $969 for the period ended April
        30,
        2006. See Note 7 regarding comprehensive income.
 
 Foreign
        Currency Translation  - The
        Company’s functional currency has been in Thai baht as substantially all of the
        Company’s operations were in Thailand.  The Company used the United States
        dollar as its reporting currency for consistency with registrants of the
        Securities and Exchange Commission (“SEC”) and in accordance with the SFAS No.
        52 - “Foreign Currency Translation”. Assets and liabilities denominated in a
        foreign currency are translated at the exchange rate in effect at the period
        end
        and capital accounts are translated at historical rates.  Income statement
        accounts are translated at the average rates of exchange prevailing during
        the
        period.  Translation adjustments from the use of different exchange rates
        from period to period are included in the comprehensive income account in
        stockholder’s equity, if applicable.
 
 On
        April
        22, the Company’s officers resigned and Darren Stevenson was appointed as the
        new President, Secretary and Chief Executive Officer of the Company, and
        on May
        6, 2006, the Company’s board of directors resigned and Mr. Stevenson and Bruno
        Mosimann became the Company’s new directors. As a result of these events, the
        Company’s operations have moved to Canada and the functional currency of the
        Company is the Canadian Dollar.
  -7-
 BLACKSANDS
            PETROLEUM, INC.
 (FORMERLY
              KNOWN AS LAM LIANG CORP.)
 (A
          DEVELOPMENT STAGE COMPANY)
 NOTES
          TO
          FINANCIAL STATEMENTS (CONTINUED)
 Transactions
        undertaken in currencies other than the functional currency of the entity
        are
        translated using the exchange rate in effect as of the transaction date. 
Any exchange gains and losses are included in other items on the statement
        of
        operations.
 
 Revenue
        recognition - The
        Company has no revenues to date from its operations.
 
 Advertising
        costs - The
        Company recognizes advertising expenses in accordance with Statement of Position
        93-7 “Reporting on Advertising Costs.” Accordingly, the Company expenses the
        costs of producing advertisements at the time production occurs, and expenses
        the costs of communicating advertisements in the period in which the advertising
        space or airtime is used. The Company has recorded no significant advertising
        costs for the period from October 12, 2004 (Date of Inception) through April
        30,
        2006.
 
 Legal
        Procedures - The
        Company is not aware of, nor is it involved in, any pending legal
        proceedings.
 
 Stock-based
        compensation - The
        Company applies Accounting Principles Board (“APB”) Opinion No. 25, Accounting
        for Stock Issued to Employees, and Related Interpretations, in accounting
        for
        stock options issued to employees. Under APB No. 25, employee compensation
        cost
        is recognized when estimated fair value of the underlying stock on date of
        the
        grant exceeds exercise price of the stock option. For stock options and warrants
        issued to non-employees, the Company applies SFAS No. 123, Accounting for
        Stock-Based Compensation, which requires the recognition of compensation
        cost
        based upon the fair value of stock options at the grant date using the
        Black-Scholes option pricing model.
 
 The
        following table represents the effect on net loss and loss per share if the
        Company had applied the fair value based method and recognition provisions
        of
        Statement of Financial Accounting Standards (SFAS) No. 123, "Accounting for
        Stock-Based Compensation", to stock-based employee compensation for the six
        months ended April 30, 2006:


2006Net
                  loss, as reported
              
              $
              (2,955
              )Other
                  comprehensive income
              
              
              1,823Add:
                  Stock-based employee compensation expense included in reported
                  loss, net
                  of related tax effects
              
              
              —Deduct:
                  Total stock-based employee compensation expense determined under
                  fair
                  value based methods for all awards, net of related tax
                  effects
              
              
              —Pro
                  forma net loss
              
              $
              (1,132
              )Net
                  loss per common share:Basic
                  and fully diluted loss per share, as reported
              
              $
              (0.00
              )Basic
                  and fully diluted loss per share, pro forma
              
              $
              (0.00
              )


There
        were no stock options granted for the period ended April 30, 2006.
        There were additionally no written or verbal agreements related to the sale
        of any stock, option or warrants of the Company’s common stock, except as set
        forth below.
 
 Compensation -
 
 The
        Company entered into an Employment Agreement and a Stock Option Agreement
        with
        Darren Stevenson, both of which became effective as of April 18, 2006, as
        part
        of his compensation for becoming the Company’s Chief Executive Officer,
        President and Secretary.
 
 The
        Employment Agreement provides Mr. Stevenson with $60,000 (Canadian) per annum,
        to be increased to $120,000 (Canadian) per annum in the event that the Company
        conducts a placement of it securities of at least US$50,000,000. The term
        of the
        Employment Agreement is for two years.
  -8-
 BLACKSANDS
            PETROLEUM, INC.
 (FORMERLY
              KNOWN AS LAM LIANG CORP.)
 (A
          DEVELOPMENT STAGE COMPANY)
 NOTES
          TO
          FINANCIAL STATEMENTS (CONTINUED)
 Under
        the
        Stock Option Agreement, Mr. Stevenson received options to purchase 1,000,000
        shares of our common stock (on a post-split basis as described below) with
        100,000 options vesting on the date that the Company files with the Secretary
        of
        State of Nevada an amendment to its Articles of Incorporation which, among
        other
        things, increases its authorized common stock to 300,000,000 shares and changes
        its name to “Blacksands Petroleum, Inc.” (which was June 9, 2006). Options to
        purchase 200,000 shares of Common Stock will vest on January 1, 2007, options
        to
        purchase 200,000 shares of Common Stock will vest if the Company conducts
        a
        placement of at least US$10,000,000 and options to purchase 500,000 shares
        of
        Common Stock will vest if the Company conducts a placement of at least
        US$50,000,000. The Board anticipates that the Company will enact a 30:1 forward
        stock split, and all of the share amounts for which the options are exercisable
        are on a post-split basis. All of the options, once vested, are exercisable
        at
        $2.00 per share.
 
 New
        accounting pronouncements -
 
 In
        December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
        Compensation-Transition and Disclosure". SFAS No. 148 amends the transition
        and
        disclosure provisions of SFAS No. 123. The Company is currently evaluating
        SFAS
        No. 148 to determine if it will adopt SFAS No. 123 to account for employee
        stock
        options using the fair value method and, if so, when to begin transition
        to that
        method.
 
 In
        November 2004, the FASB issued SFAS No. 151, Inventory Costs, an amendment
        of
        ARB No. 43, Chapter 4. SFAS No. 151 amends the guidance in ARB No. 43, Chapter
        4, Inventory Pricing, to clarify the accounting for abnormal amounts of idle
        facility expense, freight, handing costs, and spoilage. This statement requires
        that those items be recognized as current period charges regardless of whether
        they meet the criterion of "so abnormal" which was the criterion specified
        in
        ARB No. 43. In addition, this Statement requires that allocation of fixed
        production overheads to the cost of production be based on normal capacity
        of
        the production facilities.
 
 This
        pronouncement is effective for the Company beginning October 1, 2005. The
        Company has not yet assessed the impact on adopting this new standard.
  In
        December 2004, the FASB issued SFAS No. 123 (revised 2004). Share-Based Payment,
        which is a revision of SFAS No. 123, Accounting for Stock-Based Compensation.
        SFAS No. 123(R) supersedes APB Opinion No. 25, Accounting for Stock Issued
        to
        Employees, and amends SFAS No. 95, Statement of Cash Flows. Generally, the
        approach in SFAS No. 123(R) is similar to the approach described in SFAS
        No.
        123. However, SFAS No. 123(R) requires all share-based payments to employees,
        including grants of employee stock options, to be recognized in the income
        statement based on their fair values. Pro forma disclosure is no longer an
        alternative. The new standard will be effective for the Company in the first
        interim or annual reporting period beginning after December 15, 2005. The
        Company expects the adoption of this standard will have a material impact
        on its
        financial statements.
  2.
              PROPERTY
                  AND EQUIPMENT
 
 As
        of
        April 30, 2006, the Company owns office equipment and furniture net of
        depreciation totaling $1,496.
 
 3.
              STOCKHOLDER’S
                  EQUITY
 
 The
        Company has 75,000,000 shares authorized and 2,100,000 issued and outstanding
        as
        of April 30, 2006. The issued and outstanding shares were issued as
        follows:
 
 1,000,000
        common shares were issued to Alan Teegardin on October 12, 2004 for the sum
        of
        $5,000 in cash which were subsequently transferred to Dr. Anchana Chayawatana
        on
        November 19, 2004 for the same amount. On May 6, 2006, Dr. Chayawatana sold
        her
        1,000,000 shares to Darren Stevenson.
  -9-
 BLACKSANDS
            PETROLEUM, INC.
 (FORMERLY
              KNOWN AS LAM LIANG CORP.)
 (A
          DEVELOPMENT STAGE COMPANY)
 NOTES
          TO
          FINANCIAL STATEMENTS (CONTINUED)
 1,100,000
        common shares were issued to 29 investors in the Company’s SB-2 offering for the
        aggregate sum of $55,000 in cash. The Regulation SB-2 offering was declared
        effective by the Securities and Exchange Commission on February 15, 2005
        and
        completed in March 2005.
 
 On
        June
        9, 2006, the Company filed a Certificate of Amendment to its Articles of
        Incorporation to increase its authorized capital stock to 310,000,000 authorized
        shares, consisting of 300,000,000 shares of common stock, par value $0.001
        each,
        and 10,000,000 shares of preferred stock, par value $0.001 each. The Company’s
        Board of Directors may issue the preferred stock in one of more series, with
        such voting powers, designations, preferences and rights or qualifications,
        limitations or restrictions thereof as shall be stated in the resolution
        or
        resolutions adopted by them.
 
 4.
              LOAN
                  FROM OFFICERS AND DIRECTORS
 
 As
        of
        April 30, 2006, there are no loans to the Company from any officers and
        directors.
 
 5.
              RELATED
                  PARTY TRANSACTIONS
 
 As
        of
        April 30, 2006, there are no significant related party transactions between
        the
        Company and any of its officers or directors.
 
 6.
              STOCK
                  OPTIONS
 
 On
        April
        18, 2006, the Company entered into an employment agreement and a stock option
        agreement with Darren Stevenson. Mr. Stevenson received options to purchase
        1,000,000 shares of our common stock (on a post-split basis as described
        below) with 100,000 options vesting on the date that the Company files with
        the
        Secretary of State of Nevada an amendment to its Articles of Incorporation
        which, among other things, increases its authorized common stock to 300,000,000
        shares and changes its name to “Blacksands Petroleum, Inc.” (which was June 9,
        2006). Options to purchase 200,000 shares of Common Stock will vest on January
        1, 2007, options to purchase 200,000 shares of Common Stock will vest if
        the
        Company conducts a placement of at least US$10,000,000 and options to purchase
        500,000 shares of Common Stock will vest if the Company conducts a placement
        of
        at least US$50,000,000. The Board anticipates that the Company will enact
        a 30:1
        forward stock split, and all of the share amounts for which the options are
        exercisable are on a post-split basis. All of the options, once vested, are
        exercisable at $2.00 per share.
 
 The
        Company has issued no other options or entered into stock option agreements
        with
        other persons.
 
 7.
              COMPREHENSIVE
                  INCOME
 
 The
        Company’s bank accounts are located in Thailand, with funds in Thai baht, while
        the financial statements are prepared in US Dollars. Foreign currency
        translation gains were $1,823 for the six months ended April 30,
        2006. The before-tax amount and after-tax amount are the same for the Company.
        The Company maintained account balances including petty cash of Baht 1,505,789
        at April 30, 2006, while the exchange rate was $0.0266, thus the equivalent
        amount in US Dollars is $40,124.
 
 On
        April
        22, the Company’s officers resigned and Darren Stevenson was appointed as the
        new President, Secretary and Chief Executive Officer of the Company, and
        on May
        6, 2006, the Company’s board of directors resigned and Mr. Stevenson and Bruno
        Mosimann became the Company’s new directors. As a result of these events, the
        Company’s operations have moved to Canada and the functional currency of the
        Company is the Canadian Dollar.
 
 8.
              LITIGATION
 
 As
        of
        April 30, 2006, the Company is not aware of any current or pending litigation
        which may affect the Company’s operations.
  -10-
 BLACKSANDS
            PETROLEUM, INC.
 (FORMERLY
              KNOWN AS LAM LIANG CORP.)
 (A
          DEVELOPMENT STAGE COMPANY)
 NOTES
          TO
          FINANCIAL STATEMENTS (CONTINUED)
 9.
              SUBSEQUENT
                  EVENTS
 
 The
        Board
        approved the appointment of Darren Stevenson and Bruno J. Mosimann as directors
        of the Company effective April 24, 2006. Dr. Anchana Chayawatana, Prapaipan
        Chayawatana and Anongnat Chansangachom resigned as directors of the Company
        on
        May 6, 2006, and Mr. Stevenson and Mr. Mosimann became directors of the Company
        on May 6, 2006. Also on May 6, 2006, Dr. Chayawatana sold 1,000,000 shares
        of
        our common stock, approximately 47.6% of the Company’s outstanding shares of
        common stock, to Mr. Stevenson.
 
 On
        May 6,
        2006, the Company issued $1,000,000 principal amount of its debentures
        ("Debentures") to two accredited investors .
        The
        Debentures are unsecured, bear interest at the rate of 9% per annum, which
        interest begins to accrue commencing 150 days from issuance, and are for
        a term
        of three years. The Debentures are payable in consecutive monthly installments
        of principal and interest, commencing 150 days from the date of their issuance.
        The Debentures will become convertible and will automatically convert, as
        to
        their outstanding principal amount plus accrued interest, if any, into units
        ("Units") of the Company’s securities, following the last to occur of
        (i )
        the
        filing by the Company with the Secretary of State of the State of Nevada
        of an
        amendment (the "Amendment") to its Articles of Incorporation which, among
        other
        things, increases its authorized common stock to 300,000,000 shares, $0.001
        par
        value per share ("Common Stock"), (ii)
        the
        declaration and distribution by the Company of a 30 for 1 stock split in
        the
        form of a stock dividend (the "Stock Split"), and (iii) the closing of the
        PPO,
        as defined below. Each Unit will consist of one share, on a post-Stock Split
        basis, of the Company’s common stock and one warrant to purchase a shares of
        common stock (the "Warrants"). Each Warrant will be exercisable for two years
        commencing October 1, 2006 and will entitle its holder to purchase one share
        of
        Common Stock at $3.00 per share. The Company anticipates that it will conduct
        a
        private placement to accredited investors of up to $10,000,000 (the "PPO")
        of
        its Units by August 6, 2006. In addition, the Debentures will become
        convertible, at the option of the holder, at any time from and after October 1,
        2006. The Debentures will convert into Units at a conversion price of $1.00
        per
        Unit, equal to the anticipated price per Unit in the PPO. As of the date
        hereof,
        the Amendment has not been filed with the Secretary of State of Nevada, the
        Stock Split has not been declared and the PPO has not been closed.
 
 On
        June
        9, 2006, the Company filed a Certificate of Amendment to its Articles of
        Incorporation with the Secretary of State of Nevada. Pursuant to the Certificate
        of Amendment, the Company changed its name from “Lam Liang Corp.” to “Blacksands
        Petroleum, Inc.” and increased its authorized share capital to 310,000,000
        authorized shares, consisting of 300,000,000 shares of common stock, par
        value
        $0.001 each, and 10,000,000 shares of preferred stock, par value $0.001 each.
        The Company’s Board of Directors may issue the preferred stock in one of more
        series, with such voting powers, designations, preferences and rights or
        qualifications, limitations or restrictions thereof as shall be stated in
        the
        resolution or resolutions adopted by them.




-11-





**ITEM
      2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
      OPERATION.**





Results
      of Operations





For
      the
      six months ended April 30, 2006 and since the date of inception, we have not
      yet
      generated any revenues.





We
      incurred total operating expenses of $4,778 for the six months ended April
      30,
      2006, as compared to total operating expenses of $5,932 for the six months
      ended
      April 30, 2005. These expenses consisted of general operating expenses incurred
      in connection with the day-to-day operation of our business and the preparation
      and filing of our periodic reports as well as the salary accrued to Darren
      Stevenson for the period from April 18, 2006 to April 30, 2006 pursuant to
      an
      employment agreement that Mr. Stevenson entered into with the Company on April
      18, 2006.





Our
      total
      comprehensive loss for the six months ended April 30, 2006 was $2,995, as
      compared to a net loss of $7,113 for the six months ended April 30, 2005, and
      a
      total loss of $19,527 from
      inception on October 12, 2004 to April 30, 2006 .





Net
      cash
      used in investing activities for the six months ended April 30, 2006 was $74,
      as
      compared to $2,806 for the period from inception on October 12, 2004 to April
      30, 2006. There were no cash flows from financing activities for the six months
      ended April 30, 2006 or the six months ended April 30, 2005.





We
      are
      still in our development stage and have generated no revenues to date. Our
      auditors have expressed their doubt about our ability to continue as a going
      concern unless we are able to generate profitable operations and/or obtain
      the
      financing necessary to meet our obligations and repay our liabilities arising
      from normal business operations when they become due.





Liquidity
      and Capital Resources





At
      April
      30, 2006, we had cash in the bank of $40,081. On May 6, 2006, we issued
      $1,000,000 principal amount in convertible debentures to two accredited
      investors in exchange for $1,000,000 in a transaction exempt from the
      registration requirements of the Securities Act of 1933 pursuant to the
      provisions of Section 4(2). Our management intends to consider possible
      strategic transactions in the unconventional oil industry. We expect to be
      able
      to satisfy our cash requirements for at least the next twelve months without
      having to raise additional funds or seek bank loans if we do not undertake
      any
      such strategic transactions. After that twelve month period, we may have to
      raise additional monies through sales of our equity securities or through loans
      from banks or third parties to continue our business plans; however, no such
      plans have yet been implemented.





Our
      stockholders' equity at April 30, 2006, was $40,473.




-12-





Off-Balance
      Sheet Arrangements





We
      have
      no off-balance sheet arrangements.





Our
      Management intends to consider strategic transactions in the unconventional
      oil
      industry that could require the purchase of significant property or equipment,
      hiring new employees and other substantial expenditures. As of the date hereof,
      however, we do not have specific plans to purchase any significant property
      or
      equipment nor incur any significant changes in employees during the next 12
      months.





Plan
      of Operation





Since
      inception and through April 30, 2006, our plan of operation was to design,
      contract for manufacture and distribute bags. It was our intent to produce
      "high-end", quality computer bags for a reasonable price. On May 6, 2006, three
      of our directors resigned and two new directors were appointed to our board
      of
      directors. As a result, on May 6, 2006, we exited our previous plan of
      operation. We do not currently have an operating business and are looking to
      capitalize on the experience and knowledge of our management in considering
      possible strategic transactions in the unconventional oil industry.





**ITEM
      3. CONTROLS AND PROCEDURES**





Under
      the
      supervision and with the participation of our principal executive officer in
      such capacity and in his capacity as the acting accounting officer, we have
      conducted an evaluation of the effectiveness of the design and operation of
      our
      disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
      under the Securities Exchange Act of 1934 (the "Exchange Act"), as of the end
      of
      the period covered by this report. Based on this evaluation, our principal
      executive officer concluded as of the evaluation date that our disclosure
      controls and procedures were effective such that the material information
      required to be included in our Securities and Exchange Commission reports is
      recorded, processed, summarized and reported within the time periods specified
      in SEC rules and forms relating to our company, including
      any consolidating subsidiaries, and was made known to us by others within those
      entities, particularly during the period when this report was being prepared.





There
      have been no changes in our internal control over financial reporting that
      occurred during the period covered by this report that have materially adversely
      affected, or are reasonably likely to materially adversely affect, our internal
      control over financial reporting.





On
      April
      22, 2006, our previous officers resigned and Darren Stevenson became our sole
      officer and is acting as our principal executive and accounting
      officer. Additionally, following the resignation of our board of directors
      on
      May 6, 2006 and the appointment of Mr. Stevenson and Bruno Mosimann as our
      new
      directors on May 6, 2006, our functional currency switched from the Thai Bhat
      to
      the Canadian Dollar. We do not expect that these changes will have a material
      adverse impact on our internal control as we have had minimal expenditures
      and
      no revenues to date and as our new management has implemented additional
      disclosure controls and procedures to comply with the requirements of the
      Exchange Act.




-13-





**PART
      II - OTHER INFORMATION**





**ITEM
      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**





On
      May 5,
      2006, we sought and obtained the written consent (the “Written Consent”), in
      lieu of a special meeting of stockholders, from the holders of 1,160,000, or
      55.2%, of the outstanding voting power of our stock approving three corporate
      actions. The first corporate action that the Written Consent approved was an
      amendment to our Articles of Incorporation to increase our authorized share
      capital from 75,000,000 shares of common stock, par value $0.001, to 310,000,000
      shares, comprised of 300,000,000 shares of Common Stock and 10,000,000 share
      of
      preferred stock, par value $0.001.





The
      second corporate action that the Written Consent approved was an amendment
      to
      our articles of incorporation to change our name from “Lam Liang Corp.” to
“Blacksands Petroleum, Inc.”.





The
      third
      corporate action that the Written Consent approved was the ratification of
      the
      appointment of Darren R. Stevenson and Bruno Mosimann, as our directors. On
      April 24, 2006, our Board approved the appointment of Mr. Stevenson and Mr.
      Mosimann as our directors, increasing the number of directors on the Board
      from
      three to five. On April 24, 2006, we filed a Schedule 14f-1 announcing the
      Director Appointments. Dr. Anchana Chayawatana, Prapaipan Chayawatana and
      Anongnat Chansangachom resigned as directors of the Company on May 5, 2006,
      reducing the number of directors on the Board from five to two. Although not
      necessary for the Director Appointments, the Company sought and on May 5, 2006
      obtained the Majority Stockholders' approval and ratification of the director
      appointments.





**ITEM
      5. OTHER INFORMATION**





On
      May 5,
      2006, we sought and obtained the written consent, in lieu of a meeting of
      stockholders, from the holders of 55.2% of the outstanding voting power of
      our
      stock, approving an amendment to our Articles of Incorporation to increase
      our
      authorized share capital from 75,000,000 shares of common stock, par value
      $0.001, to 310,000,000 shares, comprised of 300,000,000 shares of common stock
      and 10,000,000 share of preferred stock, par value $0.001 (the “Capital
      Increase”), and to change our name from “Lam Liang Corp.” to “Blacksands
      Petroleum, Inc.” (the “Name Change”).





On
      June
      9, 2006, we filed a Certificate of Amendment to our Articles of Incorporation
      with the Secretary of State of Nevada to enact the Capital Increase. Under
      the
      Capital Increase, our Board of Directors may issue the preferred stock in one
      of
      more series, with such voting powers, designations, preferences and rights
      or
      qualifications, limitations or restrictions thereof as shall be stated in the
      resolution or resolutions adopted by them. There is currently no preferred
      stock
      issued. The Certificate of Amendment to our Articles of Incorporation also
      affected the Name Change. Effective June 9, 2006, our name became Blacksands
      Petroleum, Inc.





In
      addition, on May 6, 2006, the our Board of Directors declared a 30 for 1 forward
      stock split in the form of a dividend. The record and payment date for the
      stock
      dividend is June 21, 2006.





**ITEM
      6. EXHIBITS**





Exhibit
                No.
            Description31.1
            Sec.
                302 Certification of Principal Executive Officer31.2
            Sec.
                302 Certification of Principal Financial Officer (1)32.1
            Sec.
                906 Certification of Principal Executive Officer32.2
            Sec.
                906 Certification of Principal Financial Officer (2)





(1)
            Included
                in Exhibit 31.1 filed herewith


(2)
            Included
                in Exhibit 32.1 filed herewith




-14-




**SIGNATURES**




Pursuant
      to the requirements of Section 13(a) or 15(d) of the Securities Exchange Act
      of
      1934, the Registrant has duly caused this report to be signed on its behalf
      by
      the undersigned, thereunto duly authorized.




**BLACKSANDS
              PETROLEUM, INC.**Date: 
June
              16, 2006
            By:
            /s/ Darren
              StevensonName:  
                Darren Stevenson
              Title:    
                President and Chief Executive
                Officer






-15-