----

----

| x      | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934                                         |
|--------|---------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                            |
|   | FOR THE QUARTERLY PERIOD ENDED August 31, 2008                                                                             |
|   |                                                                                                                            |
|   | OR                                                                                                                              |
|   |                                                                                                                            |
| o      | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to |

|   | Nevada                                                         |   | 38-3707552                        |   |
|--------|----------------------------------------------------------------|--------|-----------------------------------|--------|
|   | (State or other jurisdiction of incorporation or organization) |   | (IRS Employer Identification No.) |   |

----

|                                        | Index |
|---------------------------------------------|-------|
| Balance Sheets                              | F-1   |
| Statements of Operations                    | F-2   |
| Statements of Cash Flows                    | F-3   |
| Condensed Notes to the Financial Statements | F-4   |

----

|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | August 31 |     |   | February 28 |      |
|------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|----------|--------|-------------|-----------|
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | 2008           |     |   | 2008        |      |
| ASSETS                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |           |     |   |        |
|                                           | CURRENT ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |           |     |   |        |      |
|                                           | Cash                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | $              | -53      |   |        | $         | 240 |   |
|                                           | Total Current Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |           | -53      |   |        |      | 240 |   |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |           |     |   |        |      |   |   |
|                                           | FIXED ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |           |     |   |        |      |   |   |
|                                           | Office equipment, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |           | 0        |   |        |      | 0 |   |
|                                           | Software, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |           | 0        |   |        |      | 0 |   |
|                                           | Total Fixed Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |           | 0        |   |        |      | 0 |   |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |           |     |   |        |      |   |   |
|                                           | TOTAL ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $              | (53)     |   |        | $         | 240 |   |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |           |     |   |        |      |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |           |     |   |        |      |   |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |           |     |   |        |      |   |   |
|                                           | CURRENT LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |           |     |   |        |      |   |   |
|                                           | Accounts payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $              | 34,170   |   |        | $         | 34,170 |   |
|                                           | Accounts payable - related party                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |           | 179,605  |   |        |      | 120,000 |   |
|                                           | Total Current Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |           | 214,047  |   |        |      | 154,170 |   |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |           |     |   |        |      |   |   |
|                                           | COMMITMENTS AND CONTINGENCIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |           | -        |   |        |      | - |   |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |           |     |   |        |      |   |   |
|                                           | STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |           |     |   |        |      |   |   |
|                                           | Preferred stock, 20,000,000 shares authorized, no par value;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |           |     |   |        |      |   |   |
|                                           | zero shares issued and outstanding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |           | -        |   |        |      | - |   |
|                                           | Common stock, 500,000,000 shares authorized, $0.00001 par value;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |           |     |   |        |      |   |   |
|                                           | 137,250,000 shares issued and outstanding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |           | 290      |   |        |      | 290 |   |
|                                           | Additional paid-in capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |           | 77,060   |   |        |      | 77,060 |   |
|                                           | Accumulated deficit from development stage                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |           | (291,450 | )      |        | (231,450) |   |
|                                           | Total Stockholders' Equity (Deficit)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |           | (214,100 | )      |        |      | (94,100 | ) |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |           |     |   |        |      |   |   |
|                                           | TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                                  |   | $              | (53)     |   |        | $         | 70 |   |

----

|   |   | Twelve Months Ended |   |   | Tweleve Months Ended |   |   | Nine Months Ended |   |   | Nine Months Ended |   |   | August 23, 2004 (Inception) to |   |
|--------|--------|-------------------------------|--------|--------|--------------------------------|--------|--------|------------------------|--------|--------|------------------------|--------|--------|--------------------------------|--------|
|   |   | August 31,               |   |   | August 31,                |   |   | May 31,           |   |   | May 31,           |   |   | August 31,                |   |
|   |   | 2008                          |   |   | 2007                           |   |   | 2008                   |   |   | 2007                   |   |   | 2008                           |   |
|   |   | (unaudited)                   |   |   | (unaudited)                    |   |   | (unaudited)            |   |   | (unaudited)            |   |   | (unaudited)                    |   |

|                                           |   |   |       |    |   |   |       |    |   |   |       |    |   |   |       |
|------------------------------------------------|--------|--------|------------|---------|--------|--------|------------|---------|--------|--------|------------|---------|--------|--------|------------|
| REVENUES                                       |   | $      | -          |    |   | $      | -          |    |   | $      | -          |    |   | $      | -          |   |   | $ | - |   |
|                                           |   |   |       |    |   |   |       |    |   |   |       |    |   |   |       |   |   |   |   |   |
| EXPENSES                                       |   |   |       |    |   |   |       |    |   |   |       |    |   |   |       |   |   |   |   |   |
| Office                                         |   |   | 85         |    |   |   | -          |    |   |   | 85         |    |   |   |       |   |   |   | 14,584 |   |
| Professional fees                              |   |   | 201,600    |    |   |   | -          |    |   |   | 141,600    |    |   |   |       |   |   |   | 288,063 |   |
| Loss on disposition of fixed assets & dep. |   |   | 25,017     |    |   |   | 0          |    |   |   | 25,017     |    |   |   | -          |   |   |   | 25107 |   |
| Reverse accounts payable to related party      |   |   | (44,322    | )       |   |   | 0          |    |   |   | (44,322    | )       |   |   | 0          |   |   |   | (44,322 | ) |
| Depreciation and amortization                  |   |   | 0          |    |   |   | 6,978      |    |   |   | 0          |    |   |   | 5,301      |   |   |   | 8108 |   |
| TOTAL EXPENSES                                 |   |   | 182,380    |    |   |   | 6,978      |    |   |   | 122,380    |    |   |   | 5,301      |   |   |   | 291,450 |   |
|                                           |   |   |       |    |   |   |       |    |   |   |       |    |   |   |       |   |   |   |   |   |
| LOSS FROM OPERATIONS                           |   |   | (182,380   | )  |   |   | (6,978     | )  |   |   | (122,380   | )  |   |   | (5,301     | )  |   |   | (291,450 | ) |
|                                           |   |   |       |    |   |   |       |    |   |   |       |    |   |   |       |   |   |   |   |   |
| LOSS BEFORE INCOME TAXES                       |   |   | (182,380   | )       |   |   | (6,978     | )       |   |   | (122,380   | )       |   |   | (5,301     | ) |   |   | (291,450 | ) |
|                                           |   |   |       |    |   |   |       |    |   |   |       |    |   |   |       |   |   |   |   |   |
| INCOME TAXES                                   |   |   | -          |    |   |   | -          |    |   |   | -          |    |   |   | -          |   |   |   | - |   |
|                                           |   |   |       |    |   |   |       |    |   |   |       |    |   |   |       |   |   |   |   |   |
| NET LOSS                                       |   |   | (182,380   | )       |   |   | (6,978     | )       |   | $      | (122,380   | )       |   | $      | (5,301     | ) |   | $ | (291,450 | ) |
|                                           |   |   |       |    |   |   |       |    |   |   |       |    |   |   |       |   |   |   |   |   |
| NET LOSS PER COMMON SHARE,                     |   |   |       |    |   |   |       |    |   |   |       |    |   |   |       |   |   |   |   |   |
| BASIC AND DILUTED                              |   | $      | Nil        |    |   | $      | Nil        |    |   | $      | Nil        |    |   | $      | Nil        |   |   |   |   |   |
|                                           |   |   |       |    |   |   |       |    |   |   |       |    |   |   |       |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER   OF    |   |   |       |    |   |   |       |    |   |   |       |    |   |   |       |   |   |   |   |   |
| COMMON STOCK SHARES                            |   |   |       |    |   |   |       |    |   |   |       |    |   |   |       |   |   |   |   |   |
| OUTSTANDING, BASIC AND DILUTED                 |   |   | 137,250,00 |    |   |   | 28,862,500 |    |   |   | 137,250,00 |    |   |   | 28,862,500 |   |   |   |   |   |

----

|                                          |   | Twelve      |     |    | Twelve      |   |   | Nine        |   |   | Nine        |   |   | From           |   |
|-----------------------------------------------|--------|-------------|----------|---------|-------------|--------|--------|-------------|--------|--------|-------------|--------|--------|----------------|--------|
|                                          |   | Months      |     |    | Months      |   |   | Months      |   |   | Months      |   |   | August 23,     |   |
|                                          |   | Ended       |     |    | Ended       |   |   | Ended       |   |   | Ended       |   |   | (Inception) to |   |
|                                          |   | August 31,  |     |    | August 31,  |   |   | May 31,     |   |   | May 31,     |   |   | August 31      |   |
|                                          |   | 2008        |     |    | 2007        |   |   | 2008        |   |   | 2007        |   |   | 2007           |   |
|                                          |   | (unaudited) |     |    | (unaudited) |   |   | (unaudited) |   |   | (unaudited) |   |   | (unaudited)    |   |
| CASH FLOWS FROM OPERATING ACTIVITIES          |   |        |     |    |        |   |   |        |   |   |        |   |   |           |   |
| Net loss                                      |   |        | (182,380 | )  |        |   | (6,978 | )           |   |   | (122,380    | )      |   |           | (3,354 | ) |   |   | (291,450 | ) |
| Adjustments to reconcile net loss to net cash |   |        |     |    |        |   |   |        |   |   |        |   |   |           |   |   |   |   |   |   |
| used by operating activities:                 |   |        |     |    |        |   |   |        |   |   |        |   |   |           |   |   |   |   |   |   |
| Depreciation and amortization                 |   |        | 0        |    |        |   | 0      |        |   |   | 0           |   |   |           | 3,354  |   |   |   | 8,108 |   |
| Changes in asset and liabilities              |   |        |     |    |        |   |   |        |   |   |        |   |   |           |   |   |   |   |   |   |
| Increase (decrease) in accounts payable       |   |        | 0        |    |        |   | 0      |        |   |   | 0           |   |   |           | 0      |   |   |   | 34,170 |   |
| Increase in (decrease) A/P- related party     |   |        | 0        |    |        |   | 0      |        |   |   | 0           |   |   |           | 0      |   |   |   | 0 |   |
| (Increase) decrease deposits                  |   |        | 0        |    |        |   | 0      |        |   |   | 0           |   |   |           | 0      |   |   |   | 0 |   |
| Net cash used by operating activities         |   |        | (182,380 | )       |        |   | (6,978 | )           |   |   | (122,380    | )      |   |           | (0     | ) |   |   | (249,172 | ) |
| CASH FLOWS FROM INVESTING ACTIVITIES          |   |        |     |    |        |   |   |        |   |   |        |   |   |           |   |   |   |   |   |   |
| Purchase of office equipment                  |   |        | 0        |    |        |   | -      |        |   |   | 0           |   |   |           | -      |   |   |   | (4,219 | ) |
| Purchase of software                          |   |        | 0        |    |        |   | -      |        |   |   | 0           |   |   |           | -      |   |   |   | (3,889 | ) |
| Net cash used by financing activities         |   |        | 0        |    |        |   | -      |        |   |   | 0           |   |   |           | -      |   |   |   | (8,108 | ) |
|                                          |   |        |     |    |        |   |   |        |   |   |        |   |   |           |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES          |   |        |     |    |        |   |   |        |   |   |        |   |   |           |   |   |   |   |   |   |
| Increase, (decrease) in related party A/P     |   |        | 182,380  |    |        |   | 0      |        |   |   | 122,380     |   |   |           | 0      |   |   |   | 77,350 |   |
| Net cash provided by financing activities     |   |        | 0        |    |        |   | 0      |        |   |   | 0           |   |   |           | 0      |   |   |   | 77,350 |   |
|                                          |   |        |     |    |        |   |   |        |   |   |        |   |   |           |   |   |   |   |   |   |
| Change in cash                                |   |        | 0        |    |        |   | 0      |        |   |   |        |   |   |           | 0      |   |   |   | 70 |   |
|                                          |   |        |     |    |        |   |   |        |   |   |        |   |   |           |   |   |   |   |   |   |
| Cash, beginning of period                     |   |        | 240      |    |        |   | 1862   |        |   |   | 155         |   |   |           | 1,862  |   |   |   | - |   |
|                                          |   |        |     |    |        |   |   |        |   |   |        |   |   |           |   |   |   |   |   |   |
| Cash, end of period                           |   | $           | (53      | )       |        | $      | 1862   |        |   | $      | 70          |   |   |           | 1,862  |   |   |   | 70 |   |
|                                          |   |        |     |    |        |   |   |        |   |   |        |   |   |           |   |   |   |   |   |   |
| SUPPLEMENTAL CASH FLOW DISCLOSURES:           |   |        |     |    |        |   |   |        |   |   |        |   |   |           |   |   |   |   |   |   |
| Interest paid                                 |   | $           | -        |    |        | $      | -      |        |   |   | -           |   |   |           | -      |   |   |   | - |   |
| Income taxes paid                             |   | $           | -        |    |        | $      | -      |        |   |   | -           |   |   |           | -      |   |   |   | - |   |

----

----

----

|                                             |   | August 31, |   |   | May 31, |   |
|--------------------------------------------------|--------|------------|--------|--------|---------|--------|
|                                             |   | 2008       |   |   | 2008    |   |
| Office Equipment                                 |   |       | 0      |   |    |   | 0 |   |
| Software                                         |   |       | 0      |   |    |   | 0 |   |
| Less accumulated depreciation & amortization |   |       | 0      |   |    |   | 0 |   |
| Property and Equipment, net                      |   |       | 0      |   |    |   | 0 |   |

| Name of Shareholder                  |   | Date      |   | Shares     |   | Description of Service                                            |
|--------------------------------------|--------|-----------|--------|------------|--------|-------------------------------------------------------------------|
|                                 |   |      |   |       |   |                                                              |
| Peter Sterling                       |   | 15-Jun-08 |   | 30,000,000 |   | Directors fees, expenses, and consulting fees unpaid for 8 months |
|                                 |   |      |   |       |   |                                                              |
| United Oil & Gas Cons.Mgt. Corp. |   | 15-Jun-08 |   | 50,000,000 |   | For 30% of Arctic JV project costs, unpaid for 8 months           |
|                                 |   |      |   |       |   |                                                              |
| Zina Lskavyan                        |   | 15-Jun-08 |   | 2,000,000  |   | For Secretarial services un-paid for 8 months                     |
|                                 |   |      |   |       |   |                                                              |
| Jennifer Beresford                   |   | 15-Jun-08 |   | 2,500,000  |   | For accounting and business plan services, unpaid for 8 months    |
|                                 |   |      |   |       |   |                                                              |
| Patrick Smyth                        |   | 15-Jun-08 |   | 5,000,000  |   | For consulting work completed and unpaid for 8 months             |
|                                 |   |      |   |       |   |                                                              |

----

| Name of Shareholder           |   | Date      |   | Shares     |   | Description of Service                                                                     |
|-------------------------------|--------|-----------|--------|------------|--------|--------------------------------------------------------------------------------------------|
|                          |   |      |   |       |   |                                                                                       |
| Peter J. Sterling             |   | 10-Jul-08 |   | 80,750,000 |   | Directors fees, expenses, and consulting fees unpaid for 8 months discounted debt $121,000 |
|                          |   |      |   |       |   |                                                                                       |
| Beresford Develop. Group Inc. |   | 10-Jul-08 |   | 2,500,000  |   | For accounting and business plan services, unpaid for 8 months discounted debt of $3500    |
|                          |   |      |   |       |   |                                                                                       |
| Patrick Smyth                 |   | 10-Jul-08 |   | 5,000,000  |   | For consulting work completed and unpaid for 8 months discounted debt of $7500             |
|                          |   |      |   |       |   |                                                                                       |
| Chris van Vliet               |   | 10-Jul-08 |   | 4,000,000  |   | 4692 46th Ave., Delta, BC V4K1W3 for discounted debt of $6000                              |
|                          |   |      |   |       |   |                                                                                       |
| John Levine                   |   | 10-Jul-08 |   | 1,000,000  |   | For consulting work completed and unpaid for 8 months                                      |
|                          |   |      |   |       |   |                                                                                       |
| James Morris                  |   | 10-Jul-08 |   | 8,000,000  |   | For consulting work completed and unpaid for 8 months                                      |
|                          |   |      |   |       |   |                                                                                       |
| New Investor                  |   | 10-Jul-08 |   | 2,500,000  |   | $5,000                                                                                     |

| Name of Shareholder                 |   | Date      |   | Shares     |   | Discription of Service                 |
|-------------------------------------|--------|-----------|--------|------------|--------|----------------------------------------|
|                                |   |      |   |       |   |                                   |
| Blake Ridge Claim & Lease Appl. |   | 23-Jul-08 |   | 60,000,000 |   | For 30% equity of Blake Ridge Property |
|                                |   |      |   |       |   |                                   |
| Bering Sea Abyssal Claim            |   | 23-Jul-08 |   | 60,000,000 |   | For 30% equity of Bering Sea Property  |

|                                   |   | August, |    |   | August, |   |
|----------------------------------------|--------|---------|---------|--------|---------|--------|
|                                   |   | 2008    |    |   | 2008    |   |
| Net operating loss carry forward:      |   |    | 182,300 |   |    |   | 154,100 |   |
| Deferred tax asset                     |   |    | 61,982  |   |    |   | 52,394 |   |
| Deferred tax asset valuation allowance |   |    | (61,982 | )      |    |   | (52,394 | ) |
| Net deferred tax asset                 |   |    | -       |   |    |   | - |   |

----

----

----

| Name of Shareholder                  |   | Date      |   | Shares     |   | Description of Service                                            |
|--------------------------------------|--------|-----------|--------|------------|--------|-------------------------------------------------------------------|
|                                 |   |      |   |       |   |                                                              |
| Peter Sterling                       |   | 15-Jun-08 |   | 30,000,000 |   | Directors fees, expenses, and consulting fees unpaid for 8 months |
|                                 |   |      |   |       |   |                                                              |
| United Oil & Gas Cons.Mgt. Corp. |   | 15-Jun-08 |   | 50,000,000 |   | For 30% of Arctic JV project costs, unpaid for 8 months           |
|                                 |   |      |   |       |   |                                                              |
| Zina Lskavyan                        |   | 15-Jun-08 |   | 2,000,000  |   | For Secretarial services un-paid for 8 months                     |
|                                 |   |      |   |       |   |                                                              |
| Jennifer Beresford                   |   | 15-Jun-08 |   | 2,500,000  |   | For accounting and business plan services, unpaid for 8 months    |
|                                 |   |      |   |       |   |                                                              |
| Patrick Smyth                        |   | 15-Jun-08 |   | 5,000,000  |   | For consulting work completed and unpaid for 8 months             |
|                                 |   |      |   |       |   |                                                              |

----

| Name of Shareholder           |   | Date      |   | Shares     |   | Description of Service                                                                        |
|-------------------------------|--------|-----------|--------|------------|--------|-----------------------------------------------------------------------------------------------|
|                          |   |      |   |       |   |                                                                                          |
| Peter J. Sterling             |   | 10-Jul-08 |   | 80,750,000 |   | Directors fees, expenses, and consulting fees unpaid for 8 months discounted debt of $121,000 |
|                          |   |      |   |       |   |                                                                                          |
| Beresford Develop. Group Inc. |   | 10-Jul-08 |   | 2,500,000  |   | For accounting and business plan services, unpaid for 8 months discounted debt of $3500       |
|                          |   |      |   |       |   |                                                                                          |
| Patrick Smyth                 |   | 10-Jul-08 |   | 5,000,000  |   | For consulting work completed and unpaid for 8 months discounted debt of $7500                |
|                          |   |      |   |       |   |                                                                                          |
| Chris van Vliet               |   | 10-Jul-08 |   | 4,000,000  |   | 4692 46th Ave., Delta, BC V4K1W3 discounted debt of $6000                                     |
|                          |   |      |   |       |   |                                                                                          |
| John Levine                   |   | 10-Jul-08 |   | 1,000,000  |   | For consulting work completed and unpaid for 8 months                                         |
|                          |   |      |   |       |   |                                                                                          |
| James Morris                  |   | 10-Jul-08 |   | 8,000,000  |   | For consulting work completed and unpaid for 8 months                                         |
|                          |   |      |   |       |   |                                                                                          |
| New Investor                  |   | 10-Jul-08 |   | 2,500,000  |   | $5,000                                                                                        |

| Name of Shareholder                 |   | Date      |   | Shares     |   | Discription of Service                 |
|-------------------------------------|--------|-----------|--------|------------|--------|----------------------------------------|
|                                |   |      |   |       |   |                                   |
| Blake Ridge Claim & Lease Appl. |   | 23-Jul-08 |   | 60,000,000 |   | For 30% equity of Blake Ridge Property |
| Bering Sea Abyssal Claim            |   | 23-Jul-08 |   | 60,000,000 |   | For 30% equity of Bering Sea Property  |
|                                |   |      |   |       |   | To parties nominated by Sellers        |

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| Exhibit No. | Document Description                                                                                                                                                                          |
|-------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        |                                                                                                                                                                                          |
| 31.1        | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-15(e) and 15d-15(e), promulgated under the Securities and Exchange Act of 1934, as amended. |
|        |                                                                                                                                                                                          |
| 32.1        | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer and Chief Financial Officer).                 |

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|   | ARCTIC OIL & GAS CORP. |
|--------|----------------------------|
|   |                       |   |
|   | BY:                        | PETER J. STERLING |
|   |                       | Peter J. Sterling, President, Principal Executive Officer, Treasurer, Principal Financial Officer, Principal Accounting Officer and a member of the Board of Directors |

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