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|  UNITED STATES SECURITIES AND EXCHANGE COMMISSION |
|--------------------------------------------------------|
| Washington, D.C.                                       |

| NEVADA                                                         | 20-5936198                        |
|----------------------------------------------------------------|-----------------------------------|
|                                                           |                              |
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |

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| Contents                                                                                           | 1      |
|----------------------------------------------------------------------------------------------------|--------|
|                                                                                               |   |
| Consolidated Balance Sheets                                                                        | 2      |
|                                                                                               |   |
| Consolidated Statements of Operations                                                              | 3      |
|                                                                                               |   |
| Consolidated Statements of Stockholders' Equity                                                    | 4      |
|                                                                                               |   |
| Consolidated Statements of Cash Flows                                                              | 5      |
|                                                                                               |   |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operation | 11     |
|                                                                                               |   |
| Item 3.  Quantitative and Qualitative Disclosures About Market Risk                           | 12     |
|                                                                                               |   |
| Item 4T. Controls and Procedures                                                                   | 13     |
|                                                                                               |   |
| PART II — OTHER INFORMATION                                                                  | 13     |
|                                                                                               |   |
| Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                          | 13     |
|                                                                                               |   |
| Item 5.  Other Information                                                                    | 13     |
|                                                                                               |   |
| Item 6. Exhibits                                                                                   | 15     |

----

| TIGER OIL AND ENERGY, INC.                                                 |
|----------------------------------------------------------------------------|
| (Formerly UTEC, Inc.)                                                      |
| (An Exploration Stage Company)                                             |
| Consolidated Balance Sheets                                                |
|                                                                       |   |   |   |   |   |   |
| ASSETS                                                                     |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |
|                                                                       |   | June 30, |   |   | December 31, |   |
|                                                                       |   | 2011 |   |   | 2010 |   |
|                                                                       |   | (Unaudited) |   |   |   |   |
| CURRENT ASSETS                                                             |   |   |   |   |   |   |
| Cash and cash equivalents                                                  |   | $ | 50 |   |   | $ | 14,352 |   |
| Prepaid expenses                                                           |   |   | - |   |   |   | 400 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Total Current Assets                                                       |   |   | 50 |   |   |   | 14,752 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| OTHER ASSETS                                                               |   |   |   |   |   |   |   |   |
| Oil and gas properties, including $81,000 of                               |   |   |   |   |   |   |   |   |
| unproved property costs using the successful                               |   |   |   |   |   |   |   |   |
| efforts method of accounting                                               |   |   | 395,997 |   |   |   | 314,997 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Total Other Assets                                                         |   |   | 395,997 |   |   |   | 314,997 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| TOTAL ASSETS                                                               |   | $ | 396,047 |   |   | $ | 329,749 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                       |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                        |   |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                                      |   | $ | 17,065 |   |   | $ | 4,103 |   |
| Related-party payables                                                     |   |   | 56,664 |   |   |   | 19,064 |   |
| Note payable                                                               |   |   | 15,240 |   |   |   | 15,240 |   |
| Derivative liability                                                       |   |   | 9,354 |   |   |   | 11,911 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Total Current Liabilities                                                  |   |   | 98,323 |   |   |   | 50,318 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| LONG-TERM LIABILITIES                                                      |   |   |   |   |   |   |   |   |
| Asset retirement obligation                                                |   |   | 6,145 |   |   |   | 5,878 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Total Long-Term Liabilities                                                |   |   | 6,145 |   |   |   | 5,878 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES                                                          |   |   | 104,468 |   |   |   | 56,196 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| STOCKHOLDERS' EQUITY                                                       |   |   |   |   |   |   |   |   |
| Preferred stock - 1,000,000 shares authorized, $0.001 par value;           |   |   |   |   |   |   |   |   |
| 42,013 issued and outstanding                                              |   |   | 42 |   |   |   | 42 |   |
| Common stock - 74,000,000 shares authorized, $0.001 par value;             |   |   |   |   |   |   |   |   |
| 52,728,159 and 52,478,159 issued and outstanding, respectively             |   |   | 52,728 |   |   |   | 52,478 |   |
| Additional paid-in capital                                                 |   |   | 4,212,139 |   |   |   | 4,167,389 |   |
| Deficit accumulated incurred prior to the exploration stage                |   |   | (524,202 | ) |   |   | (524,202 | ) |
| Deficit accumulated during the exploration stage                           |   |   | (3,449,128 | ) |   |   | (3,422,154 | ) |
|                                                                       |   |   |   |   |   |   |   |   |
| Total Stockholders' Equity                                                 |   |   | 291,579 |   |   |   | 273,553 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                 |   | $ | 396,047 |   |   | $ | 329,749 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements. |

----

| TIGER OIL AND ENERGY, INC.                                                 |
|----------------------------------------------------------------------------|
| (Formerly UTEC, Inc.)                                                      |
| (An Exploration Stage Company)                                             |
| Consolidated Statements of Operations                                      |
| (Unaudited)                                                                |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   | From Inception |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   | on April 30, |   |
|                                                                       |   | For the Three Months Ended |   |   | For the Six Months Ended |   |   | 2009 through |   |
|                                                                       |   | June 30, |   |   | June 30, |   |   | June 30, |   |
|                                                                       |   | 2011 |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |   | 2011 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| REVENUES                                                                   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING EXPENSES                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accretion expense                                                          |   |   | - |   |   |   | - |   |   |   | 267 |   |   |   | - |   |   |   | 267 |   |
| Amortization of deferred tax benefit                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 170,800 |   |
| Impairment of intangible assets                                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 650,136 |   |
| Management fees                                                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,109,933 |   |
| General and administrative                                                 |   |   | 10,271 |   |   |   | 39,438 |   |   |   | 28,814 |   |   |   | 99,592 |   |   |   | 238,409 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                                                   |   |   | 10,271 |   |   |   | 39,438 |   |   |   | 29,081 |   |   |   | 99,592 |   |   |   | 2,169,545 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS FROM OPERATIONS                                                       |   |   | (10,271 | ) |   |   | (39,438 | ) |   |   | (29,081 | ) |   |   | (99,592 | ) |   |   | (2,169,545 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OTHER  INCOME (EXPENSE)                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                           |   |   | (225 | ) |   |   | (109 | ) |   |   | (450 | ) |   |   | (109 | ) |   |   | (811 | ) |
| Gain on forgiveness of debt                                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 111,674 |   |
| Other income                                                               |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 40,000 |   |
| Gain (loss) on derivative liability                                        |   |   | 7,496 |   |   |   | - |   |   |   | 2,557 |   |   |   | - |   |   |   | (9,354 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Expense                                                        |   |   | 7,271 |   |   |   | (109 | ) |   |   | 2,107 |   |   |   | (109 | ) |   |   | 141,509 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS BEFORE TAXES                                                          |   |   | (3,000 | ) |   |   | (39,547 | ) |   |   | (26,974 | ) |   |   | (99,701 | ) |   |   | (2,028,036 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision for income taxes                                                 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS FROM CONTINUING OPERATIONS                                        |   |   | (3,000 | ) |   |   | (39,547 | ) |   |   | (26,974 | ) |   |   | (99,701 | ) |   |   | (2,028,036 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income from discontinued operations                                    |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 309,650 |   |
| Loss on disposal of discontinued operations                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,730,742 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss from Discontinued Operations,                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Net of Income Taxes                                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,421,092 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS                                                                   |   | $ | (3,000 | ) |   | $ | (39,547 | ) |   | $ | (26,974 | ) |   | $ | (99,701 | ) |   | $ | (3,449,128 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| BASIC LOSS PER SHARE                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| FROM CONTINUING OPERATIONS                                                 |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| BASIC LOSS PER SHARE                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  FROM DISCONTINUED OPERATIONS                                         |   | $ | 0.00 |   |   | $ | 0.00 |   |   | $ | 0.00 |   |   | $ | 0.00 |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| TOTAL BASIC LOSS PER SHARE                                                 |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   OF SHARES OUTSTANDING                                          |   |   | 52,728,159 |   |   |   | 34,118,159 |   |   |   | 52,685,341 |   |   |   | 34,118,159 |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are a integral part of these financials statements. |

----

| TIGER OIL AND ENERGY, INC.                                                 |   |
|----------------------------------------------------------------------------|--------|
| (Formerly UTEC, Inc.)                                                      |   |
| (An Exploration Stage Company)                                             |   |
| Consolidated Statements of Stockholders' Equity (Deficit)                  |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Deficit |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   | Additional |   |   | Accumulated |   |   |   |   |
|                                                                       |   | Preferred Stock |   |   | Common Stock |   |   | Paid-In |   |   | During the |   |   |   |   |
|                                                                       |   | Shares |   | Amount |   |   | Shares |   |   | Amount |   |   | Capital |   |   | Exploration Stage |   |   | Total |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2006                                                 |   |   | 22,013 |   |   | $ | 22 |   |   |   | 25,917,159 |   |   | $ | 25,917 |   |   | $ | - |   |   | $ | (33,951 | ) |   | $ | (8,012 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for acquisition                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| at $0.08 per share                                                         |   |   | - |   |   |   | - |   |   |   | 22,500,000 |   |   |   | 22,500 |   |   |   | 1,879,439 |   |   |   | - |   |   |   | 1,901,939 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common shares issued for finders                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| fee at $0.001 per share                                                    |   |   | - |   |   |   | - |   |   |   | 2,525,000 |   |   |   | 2,525 |   |   |   | - |   |   |   | - |   |   |   | 2,525 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred shares issued for acquisition                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| at $0.001 per share                                                        |   |   | 20,000 |   |   |   | 20 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 20 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued pursuant to employment                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| stock grants at $0.06 per share                                            |   |   | - |   |   |   | - |   |   |   | 1,914,000 |   |   |   | 1,914 |   |   |   | 105,487 |   |   |   | - |   |   |   | 107,401 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common shares issued for intangible assets                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| at $0.08 per share                                                         |   |   | - |   |   |   | - |   |   |   | 850,000 |   |   |   | 850 |   |   |   | 70,750 |   |   |   | - |   |   |   | 71,600 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common shares issued for services                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| at $0.45 per share                                                         |   |   | - |   |   |   | - |   |   |   | 50,000 |   |   |   | 50 |   |   |   | 22,450 |   |   |   | - |   |   |   | 22,500 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital contribution by shareholder                                        |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 38,250 |   |   |   | - |   |   |   | 38,250 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   December 31, 2007                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (285,341 | ) |   |   | (285,341 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2007                                                 |   |   | 42,013 |   |   | $ | 42 |   |   |   | 53,756,159 |   |   | $ | 53,756 |   |   | $ | 2,116,376 |   |   | $ | (319,292 | ) |   | $ | 1,850,882 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cancelled share issued pursuant to                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| employee stock grants                                                      |   |   | - |   |   |   | - |   |   |   | (1,898,000 | ) |   |   | (1,898 | ) |   |   | (105,485 | ) |   |   | - |   |   |   | (107,383 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| at $0.38 per share                                                         |   |   | - |   |   |   | - |   |   |   | 110,000 |   |   |   | 110 |   |   |   | 41,874 |   |   |   | - |   |   |   | 41,984 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Option expense pursuant to employee                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| option plan                                                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 96,750 |   |   |   | - |   |   |   | 96,750 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   December 31, 2008                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (204,910 | ) |   |   | (204,910 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2008                                                 |   |   | 42,013 |   |   |   | 42 |   |   |   | 51,968,159 |   |   |   | 51,968 |   |   |   | 2,149,515 |   |   |   | (524,202 | ) |   |   | 1,677,323 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Option expense pursuant to employee                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| option plan                                                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 401,250 |   |   |   | - |   |   |   | 401,250 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operational segment sold in exchange                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| for common stock                                                           |   |   | - |   |   |   | - |   |   |   | (22,500,000 | ) |   |   | (22,500 | ) |   |   | 22,500 |   |   |   | - |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for purchase                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| of subsidiary at $0.01 per share                                           |   |   | - |   |   |   | - |   |   |   | 4,050,000 |   |   |   | 4,050 |   |   |   | 36,450 |   |   |   | - |   |   |   | 40,500 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| at $0.05 per share                                                         |   |   | - |   |   |   | - |   |   |   | 600,000 |   |   |   | 600 |   |   |   | 29,400 |   |   |   | - |   |   |   | 30,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2009                                                          |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,442,684 | ) |   |   | (2,442,684 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2009                                                 |   |   | 42,013 |   |   |   | 42 |   |   |   | 34,118,159 |   |   |   | 34,118 |   |   |   | 2,639,115 |   |   |   | (2,966,886 | ) |   |   | (293,611 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for services                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   at $0.05 per share in October 2010                             |   |   | - |   |   |   | - |   |   |   | 8,000,000 |   |   |   | 8,000 |   |   |   | 392,000 |   |   |   | - |   |   |   | 400,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued in acquisition of                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Jett Rink subsidiary                                           |   |   | - |   |   |   | - |   |   |   | 10,000,000 |   |   |   | 10,000 |   |   |   | 500,000 |   |   |   | - |   |   |   | 510,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for services at                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   $0.16 pere share on December 30, 2010                          |   |   | - |   |   |   | - |   |   |   | 360,000 |   |   |   | 360 |   |   |   | 57,240 |   |   |   | - |   |   |   | 57,600 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contributed capital                                                        |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 579,034 |   |   |   | - |   |   |   | 579,034 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2010                                                          |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (979,470 | ) |   |   | (979,470 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2010                                                 |   |   | 42,013 |   |   |   | 42 |   |   |   | 52,478,159 |   |   |   | 52,478 |   |   |   | 4,167,389 |   |   |   | (3,946,356 | ) |   |   | 273,553 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for oil and gas leases                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   at $0.18 per share (unaudited)                                 |   |   | - |   |   |   | - |   |   |   | 250,000 |   |   |   | 250 |   |   |   | 44,750 |   |   |   | - |   |   |   | 45,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the six months ended                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   June 30, 2011 (unaudited)                                      |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (26,974 | ) |   |   | (26,974 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, June 30, 2011 (unaudited)                                         |   |   | 42,013 |   |   | $ | 42 |   |   |   | 52,728,159 |   |   | $ | 52,728 |   |   | $ | 4,212,139 |   |   | $ | (3,973,330 | ) |   | $ | 291,579 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements. |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| TIGER OIL AND ENERGY, INC.                             |   |
|--------------------------------------------------------|--------|
| (Formerly UTEC, Inc.)                                  |   |
| (An Exploration Stage Company)                         |   |
| Consolidated Statements of Cash Flows                  |   |
| (Unaudited)                                            |   |
|                                                   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   | From Inception |   |
|                                                   |   |   |   |   |   |   |   | on April 30, |   |
|                                                   |   | For the Six Months Ended |   |   | 2009 through |   |
|                                                   |   | June 30, |   |   | June 30, |   |
|                                                   |   | 2011 |   |   | 2010 |   |   | 2011 |   |
| OPERATING ACTIVITIES                                   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |
| Net loss                                               |   | $ | (26,974 | ) |   | $ | (99,701 | ) |   | $ | (3,449,128 | ) |
| Adjustments to Reconcile Net Loss to Net               |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Used by Operating Activities:                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation expense                                   |   |   | - |   |   |   | 3,740 |   |   |   | 726 |   |
| Accretion expense                                      |   |   | 267 |   |   |   | - |   |   |   | 267 |   |
| Impairment of goodwill                                 |   |   | - |   |   |   | - |   |   |   | 528,894 |   |
| Change in deriative liability                          |   |   | (2,557 | ) |   |   | - |   |   |   | 9,354 |   |
| Amortization of intangibles                            |   |   | - |   |   |   | - |   |   |   | 2,803 |   |
| Employee option grants issued                          |   |   | - |   |   |   | - |   |   |   | 46,500 |   |
| Cancellation of employee stock option shares           |   |   | - |   |   |   | - |   |   |   | 354,750 |   |
| Impairment of intangible assets                        |   |   | - |   |   |   | - |   |   |   | 121,242 |   |
| Common stock issued for services                       |   |   | - |   |   |   | - |   |   |   | 457,600 |   |
| Gain on settlement of debt                             |   |   | - |   |   |   | - |   |   |   | (111,457 | ) |
| Deferred tax asset                                     |   |   | - |   |   |   | - |   |   |   | 170,800 |   |
| Changes in operating assets and liabilities:           |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase in prepaid expenses                           |   |   | 400 |   |   |   | - |   |   |   | - |   |
| Related party payables                                 |   |   | 2,600 |   |   |   | 19,131 |   |   |   | (33,822 | ) |
| Accounts payable and accrued liabilities               |   |   | 12,962 |   |   |   | 70,915 |   |   |   | 312,628 |   |
| Accrued salaries                                       |   |   | - |   |   |   | - |   |   |   | 83,333 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Used in Continuing Operating Activities       |   |   | (13,302 | ) |   |   | (5,915 | ) |   |   | (1,505,510 | ) |
| Net Cash Provided by Discontinued Operating Activities |   |   | - |   |   |   | - |   |   |   | 1,678,016 |   |
| Net Cash Provided by (Used in) Operating Activities    |   |   | (13,302 | ) |   |   | (5,915 | ) |   |   | 172,506 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| INVESTING ACTIVITIES                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchase of property and equipment                     |   |   | - |   |   |   | (3,326 | ) |   |   | (216,556 | ) |
| Purchase of oil and gas properties                     |   |   | (1,000 | ) |   |   | - |   |   |   | (1,000 | ) |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Used in Continuing Investing Activities       |   |   | (1,000 | ) |   |   | (3,326 | ) |   |   | (217,556 | ) |
| Net Cash Used in Discontinued Investing Activities     |   |   | - |   |   |   | - |   |   |   | - |   |
| Net Cash Used in Investing Activities                  |   |   | (1,000 | ) |   |   | (3,326 | ) |   |   | (217,556 | ) |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| FINANCING ACTIVITIES                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds from note payable                             |   |   | - |   |   |   | - |   |   |   | 15,000 |   |
| Proceeds from the sale of common stock                 |   |   | - |   |   |   | - |   |   |   | 30,000 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Provided by Continuing Financing Activities   |   |   | - |   |   |   | - |   |   |   | 45,000 |   |
| Net Cash Used in Discontinued Financing Activities     |   |   | - |   |   |   | - |   |   |   | - |   |
| Net Cash Provided by Financing Activities              |   |   | - |   |   |   | - |   |   |   | 45,000 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                        |   | $ | (14,302 | ) |   | $ | (9,241 | ) |   | $ | (50 | ) |
| CASH AT BEGINNING OF PERIOD                            |   |   | 14,352 |   |   |   | 9,453 |   |   |   | 100 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH AT END OF PERIOD                                  |   | $ | 50 |   |   | $ | 212 |   |   | $ | 50 |   |

----

| TIGER OIL AND ENERGY, INC.                                       |                     |
|------------------------------------------------------------------|--------------------------|
| (Formerly UTEC, Inc.)                                            |                     |
| (An Exploration Stage Company)                                   |                     |
| Consolidated Statements of Cash Flows                            |                     |
| (Unaudited)                                                      |                     |
|                                                             |                     |   |   |   |   |   |   |   |   |
|                                                             |                     |   |   |   |   |   | From Inception |   |
|                                                             |                     |   |   |   |   |   | on April 30, |   |
|                                                             | For the Six Months Ended |   | 2009 through |   |
|                                                             | June 30,                 |   |   |   |   | June 30, |   |
|                                                             | 2011                     |   | 2010 |   | 2011 |   |
|                                                             |                     |   |   |   |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF                                      |                     |   |   |   |   |   |   |   |   |
| CASH FLOW INFORMATION                                            |                     |   |   |   |   |   |   |   |   |
|                                                             |                     |   |   |   |   |   |   |   |   |
| CASH PAID FOR:                                                   |                     |   |   |   |   |   |   |   |   |
| Income taxes                                                     |                     | $ | - |   |   | $ | - |   |   | $ | - |   |
| Interest                                                         |                     |   | - |   |   |   | - |   |   |   | - |   |
|                                                             |                     |   |   |   |   |   |   |   |   |   |   |   |
| NON CASH FINANCING ACTIVITIES:                                   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued in purchases of subsidiaries                 |                     | $ | - |   |   | $ | - |   |   | $ | 550,500 |   |
| Common stock cancelled                                           |                     |   | - |   |   |   | - |   |   |   | 20,500 |   |
| Contributed capital from forgiveness of a related-party debt     |                     |   | - |   |   |   | 498,432 |   |   |   | 579,034 |   |
| Common stock and note issued to related party                    |                     |   |   |   |   |   |   |   |   |   |   |   |
|    for acquisition of unproved oil and gas leases |                     |   | 80,000 |   |   |   | - |   |   |   | 80,000 |   |

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|        |                                  |     |
|-------------|---------------------------------------|----------|
| Exhibit No. | Document                              | Location |
| 31          | Rule 13a-41(a)/15d-14(a) Certificates | Included |
| 32          | Section 1350 Certifications           | Included |

----