----

----

| UNITED STATES SECURITIES AND EXCHANGE COMMISSION |
|--------------------------------------------------|
| Washington, D.C. 20549                           |

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

----

|                                            |                                                                                                                                                                                         | Page    |
|-------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|
|                                            |                                                                                                                                                                                         |    |
| PART  I – FINANCIAL INFORMATION |
|                                            |                                                                                                                                                                                         |    |
| Item 1.                                         | Financial Statements                                                                                                                                                                         |    |
|                                            |                                                                                                                                                                                         |    |
|                                            | Balance Sheets – March 31, 2011 (unaudited) and December 31, 2010                                                                                                                      | 2       |
|                                            |                                                                                                                                                                                         |    |
|                                            | Statements of Operations – three months ended March 31, 2011 and 2010 and the period from inception of the exploration stage on April 30, 2009 to March 31, 2011 (unaudited) | 3       |
|                                            |                                                                                                                                                                                         |    |
|                                            | Consolidated Statements of Stockholders’ Equity                                                                                                                                   |  4 |
|                                            |                                                                                                                                                                                         |    |
|                                            | Statements of Cash Flows – three months ended March 31, 2011 and 2010 and the period from inception of the exploration stage on April 30, 2009 to March 31, 2011 (unaudited) | 5       |
|                                            |                                                                                                                                                                                         |    |
|                                            | Notes to Financial Statements                                                                                                                                                                | 7       |
|                                            |                                                                                                                                                                                         |    |
| Item 2.                                         | Management's Discussion and Analysis of Financial Condition and Results of Operations                                                                                                   | 9       |
|                                            |                                                                                                                                                                                         |    |
| Item 3.                                         | Quantitive and Qualitative Disclosures About Market Risk                                                                                                                                     | 11      |
|                                            |                                                                                                                                                                                         |    |
| Item 4T.                                        | Controls and Procedures                                                                                                                                                                      | 11      |
|                                            |                                                                                                                                                                                         |    |
| PART II – OTHER INFORMATION               |
|                                            |                                                                                                                                                                                         |    |
| Item 2.                                         | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                  | 11      |
|                                            |                                                                                                                                                                                         |    |
| Item 5.                                         | Other Information                                                                                                                                                                            | 12      |
|                                            |                                                                                                                                                                                         |    |
| Item 6.                                         | Exhibits                                                                                                                                                                                     | 13      |
|                                            |                                                                                                                                                                                         |    |
|                                            | Signatures                                                                                                                                                                                   | 14      |

----

----

| TIGER OIL AND ENERGY, INC.                                                       |        |
|----------------------------------------------------------------------------------|-------------|
| (Formerly UTEC, Inc.)                                                            |        |
| (An Exploration Stage Company)                                                   |        |
| Consolidated Balance Sheets                                                      |        |
|                                                                             |        |   |   |   |   |   |
| ASSETS                                                                           |        |
|                                                                             |        |   |   |   |   |   |
|                                                                             | March 31,   |   | December 31, |   |
|                                                                             | 2011        |   | 2010 |   |
|                                                                             | (Unaudited) |   |   |   |   |
| CURRENT ASSETS                                                                   |        |   |   |   |   |   |
|                                                                             |        |   |   |   |   |   |
| Cash and cash equivalents                                                        |        | $ | 83 |   |   | $ | 14,352 |   |
| Prepaid expenses                                                                 |        |   | - |   |   |   | 400 |   |
|                                                                             |        |   |   |   |   |   |   |   |
| Total Current Assets                                                             |        |   | 83 |   |   |   | 14,752 |   |
|                                                                             |        |   |   |   |   |   |   |   |
| OTHER ASSETS                                                                     |        |   |   |   |   |   |   |   |
|                                                                             |        |   |   |   |   |   |   |   |
| Oil and gas properties, net                                                      |        |   | 394,997 |   |   |   | 314,997 |   |
|                                                                             |        |   |   |   |   |   |   |   |
| Total Other Assets                                                               |        |   | 394,997 |   |   |   | 314,997 |   |
|                                                                             |        |   |   |   |   |   |   |   |
| TOTAL ASSETS                                                                     |        | $ | 395,080 |   |   | $ | 329,749 |   |
|                                                                             |        |   |   |   |   |   |   |   |
|                                                                             |        |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                             |        |
|                                                                             |        |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                              |        |   |   |   |   |   |   |   |
|                                                                             |        |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                                            |        | $ | 7,670 |   |   | $ | 4,103 |   |
| Related-party payables                                                           |        |   | 54,464 |   |   |   | 19,064 |   |
| Notes payable                                                                    |        |   | 15,240 |   |   |   | 15,240 |   |
| Derivative liability                                                             |        |   | 16,850 |   |   |   | 11,911 |   |
|                                                                             |        |   |   |   |   |   |   |   |
| Total Current Liabilities                                                        |        |   | 94,224 |   |   |   | 50,318 |   |
|                                                                             |        |   |   |   |   |   |   |   |
| LONG-TERM LIABILITIES                                                            |        |   |   |   |   |   |   |   |
|                                                                             |        |   |   |   |   |   |   |   |
| Asset retirement obligation                                                      |        |   | 6,010 |   |   |   | 5,878 |   |
|                                                                             |        |   |   |   |   |   |   |   |
| Total Long-Term Liabilities                                                      |        |   | 6,010 |   |   |   | 5,878 |   |
|                                                                             |        |   |   |   |   |   |   |   |
| TOTAL LIABILITIES                                                                |        |   | 100,234 |   |   |   | 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 incured prior to the exploration stage                       |        |   | (524,202 | ) |   |   | (524,202 | ) |
| Deficit accumulated during the exploration stage                                 |        |   | (3,445,861 | ) |   |   | (3,422,154 | ) |
|                                                                             |        |   |   |   |   |   |   |   |
| Total Stockholders' Equity                                                       |        |   | 294,846 |   |   |   | 273,553 |   |
|                                                                             |        |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS'                                              |        |   |   |   |   |   |   |   |
|   EQUITY                                                               |        | $ | 395,080 |   |   | $ | 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 2009 |   |
|                                                                       | For the Three Months Ended |   | through |   |
|                                                                       | March 31,                  |   | March 31, |   |
|                                                                       | 2011                       |   | 2010 |   | 2011 |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |
| REVENUES                                                                   |                       | $ | - |   |   | $ | - |   |   | $ | - |   |
| COST OF SALES                                                              |                       |   | - |   |   |   | - |   |   |   | - |   |
| GROSS MARGIN                                                               |                       |   | - |   |   |   | - |   |   |   | - |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING EXPENSES                                                         |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| Amortization of deferred tax benefit                                       |                       |   | - |   |   |   | - |   |   |   | 170,800 |   |
| Impairment of intangible assets                                            |                       |   | - |   |   |   | - |   |   |   | 650,136 |   |
| Management fees                                                            |                       |   | - |   |   |   | - |   |   |   | 1,109,933 |   |
| General and administrative                                                 |                       |   | 18,543 |   |   |   | 60,045 |   |   |   | 228,138 |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                                                   |                       |   | 18,543 |   |   |   | 60,045 |   |   |   | 2,159,007 |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| LOSS FROM OPERATIONS                                                       |                       |   | (18,543 | ) |   |   | (60,045 | ) |   |   | (2,159,007 | ) |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| OTHER  INCOME (EXPENSE)                                          |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                           |                       |   | (225 | ) |   |   | (109 | ) |   |   | (586 | ) |
| Gain on forgiveness of debt                                                |                       |   | - |   |   |   | - |   |   |   | 111,674 |   |
| Other income                                                               |                       |   | - |   |   |   | - |   |   |   | 40,000 |   |
| Loss on derivative liability                                               |                       |   | (4,939 | ) |   |   | - |   |   |   | (16,850 | ) |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Income (Expense)                                               |                       |   | (5,164 | ) |   |   | (109 | ) |   |   | 134,238 |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| LOSS BEFORE TAXES                                                          |                       |   | (23,707 | ) |   |   | (60,154 | ) |   |   | (2,024,769 | ) |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| Provision for income taxes                                                 |                       |   | - |   |   |   | - |   |   |   | - |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS FROM CONTINUING OPERATIONS                                        |                       |   | (23,707 | ) |   |   | (60,154 | ) |   |   | (2,024,769 | ) |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| 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                                                                   |                       | $ | (23,707 | ) |   | $ | (60,154 | ) |   | $ | (3,445,861 | ) |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| BASIC AND DILUTED LOSS PER SHARE                                           |                       |   |   |   |   |   |   |   |   |   |   |   |
| FROM CONTINUING OPERATIONS                                                 |                       | $ | (0.00 | ) |   | $ | (0.00 | ) |   |   |   |   |
| BASIC AND DILUTED LOSS PER SHARE                                           |                       |   |   |   |   |   |   |   |   |   |   |   |
| FROM DISCONTINUED OPERATIONS                                               |                       |   | - |   |   |   | - |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| TOTAL BASIC AND DILUTED LOSS PER SHARE                                     |                       | $ | (0.00 | ) |   | $ | (0.00 | ) |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER                                                    |                       |   |   |   |   |   |   |   |   |   |   |   |
|   OF SHARES OUTSTANDING                                          |                       |   | 52,642,048 |   |   |   | 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 |   |   |   |   |
|                                                                       |                                                                                                    |   |   |   |   |   |   |   |   |   | Additional |   | Accumulated |   |   |   |   |
|                                                                       | Preferred Stock                                                                                         |   | Common Stock |   | Paid-In |   | During the |   |   |   |   |
|                                                                       | Shares                                                                                                  |   | Amount |   | Shares |   | Amount |   | Capital |   | Exploration Stage |   | Total |   |
|                                                                       |                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 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 three months ended                                        |                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| March 31, 2011 (unaudited)                                                 |                  - |   |   |              - |   |                      - |   |   |               - |   |   |                    - |   |   |             (23,707 | )  |   | (23,707 | ) |
|                                                                       |                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, March 31, 2011 (unaudited)                                        |         42,013                                                  |   |   |            42 |   |       52,728,159 |   | $ |       52,728 |   | $ |      4,212,139 |   | $ |         (3,970,063 | )  | $ | 294,846 |   |
|                                                                       |                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 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 2009 |   |
|                                                                       | For the Three Months Ended |   | through |   |
|                                                                       | March 31,                  |   | March 31, |   |
|                                                                       |                       | 2011 |   |   | 2010 |   |   | 2011 |   |
| OPERATING ACTIVITIES                                                       |                       |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |
| Net loss                                                                   |                       | $ | (23,707 | ) |   | $ | (60,154 | ) |   | $ | (3,445,861 | ) |
| Adjustments to Reconcile Net Loss to Net                                   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Cash Used by Operating Activities:                                         |                       |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                                                               |                       |   | - |   |   |   | 312 |   |   |   | 726 |   |
| Impairment of goodwill                                                     |                       |   | - |   |   |   | - |   |   |   | 528,894 |   |
| Change in deriative liability                                              |                       |   | 3,309 |   |   |   | - |   |   |   | 15,220 |   |
| 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                                                     |                       |   | 400 |   |   |   | (235 | ) |   |   | (36,022 | ) |
| Accounts payable and accrued liabilities                                   |                       |   | 3,567 |   |   |   | - |   |   |   | 303,233 |   |
| Accrued salaries                                                           |                       |   | - |   |   |   | 54,919 |   |   |   | 83,333 |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Used in Continuing Operating Activities                           |                       |   | (16,031 | ) |   |   | (5,158 | ) |   |   | (1,508,239 | ) |
| Net Cash Provided by Discontinued Operating Activities                     |                       |   | - |   |   |   | - |   |   |   | 1,678,016 |   |
| Net Cash Provided by (Used in) Operating Activities                        |                       |   | (16,031 | ) |   |   | (5,158 | ) |   |   | 169,777 |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| INVESTING ACTIVITIES                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| Purchase of property and equipment                                         |                       |   | - |   |   |   | - |   |   |   | (216,556 | ) |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Used in Investing Activities                                      |                       |   | - |   |   |   | - |   |   |   | (216,556 | ) |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| FINANCING ACTIVITIES                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds from note payable                                                 |                       |   | - |   |   |   | - |   |   |   | 15,000 |   |
| Proceeds from the sale of common stock                                     |                       |   | - |   |   |   | - |   |   |   | 30,000 |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Provided by Financing Activities                                  |                       |   | - |   |   |   | - |   |   |   | 45,000 |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                                            |                       |   | (16,031 | ) |   |   | (5,158 | ) |   |   | (1,779 | ) |
| CASH AT BEGINNING OF PERIOD                                                |                       |   | 14,352 |   |   |   | 9,453 |   |   |   | 100 |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| CASH AT END OF PERIOD                                                      |                       | $ | (1,679 | ) |   | $ | 4,295 |   |   | $ | (1,679 | ) |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                       |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements. |                       |

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| 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 Three Months Ended |   | 2009 through |   |
|                                         | March 31,                  |   | March 31, |   |
|                                         |                       | 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 and debt issued for             |                       |   |   |   |   |   |   |   |   |   |   |   |
|   oil and gas leases               |                       |   | 80,000 |   |   |   | - |   |   |   | 80,000 |   |
| Common stock cancelled                       |                       |   | - |   |   |   | - |   |   |   | 20,500 |   |
| Contributed capital from forgiveness         |                       |   |   |   |   |   |   |   |   |   |   |   |
|    of debt of a related-party |                       |   | - |   |   |   | - |   |   |   | 579,034 |   |

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

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|         | TIGER OIL AND ENERGY, INC. |
|--------------|----------------------------|
|         |                       |   |
| May 20, 2011 | By:                   |   |
|         |                       | /s/ Kenneth B. Liebscher |
|         |                       | Kenneth B. Liebscher, Director & CEO |