----

----

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

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

----

| Contents                                                                  |                |
|---------------------------------------------------------------------------|---------------------|
| 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                  | 10                  |
| Item 3.  Quantitative and Qualitative Disclosures About Market Risk  | 12                  |
| Item 4T. Controls and Procedures                                          | 12                  |
|                                                                      |                |
| PART II — OTHER INFORMATION                                         | 12                  |
| Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds | 12                  |
| Item 5.  Other Information                                           | 13                  |
| Item 6. Exhibits                                                          | 14                  |

----

| TIGER OIL AND ENERGY, INC.                     |
|------------------------------------------------|
| (Formerly UTEC, Inc.)                          |
| (A Development Stage Company)                  |
| Consolidated Balance Sheets                    |
|                                           |   |   |   |   |   |   |   |   |   |
| ASSETS                                         |
|                                           |   |   |   |   |   |   |   |   |   |
|                                           |   |   |   | September 30, | December 31, |   |
|                                           |   |   |   | 2010 |   | 2009 |   |
|                                           |   |   |   | (Unaudited) |   |   |   |   |
| CURRENT ASSETS                                 |   |   |   |   |   |   |   |
|                                           |   |   |   |   |   |   |   |   |   |
|                                           | Cash and cash equivalents |   | $ |                 378 |   | $ |              9,453 |   |
|                                           |   |   |   |   |   |   |   |   |   |
|                                           |   | Total Current Assets |   |   |                 378 |   |   |              9,453 |   |
|                                           |   |   |   |   |   |   |   |   |   |
| PROPERTY, PLANT AND EQUIPMENT, NET             |   |   |          328,013 |   |   |          328,427 |   |
|                                           |   |   |   |   |   |   |   |   |   |
|                                           |   | TOTAL ASSETS |   | $ |          328,391 |   | $ |          337,880 |   |
|                                           |   |   |   |   |   |   |   |   |   |
|                                           |   |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |
|                                           |   |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                            |   |   |   |   |   |   |   |
|                                           |   |   |   |   |   |   |   |   |   |
|                                           | Accounts payable and accrued expenses |   | $ |          122,445 |   | $ |          350,716 |   |
|                                           | Accrued salary |   |   |                      - |   |   |          200,000 |   |
|                                           | Accounts payable to related party payables |   |   |            99,666 |   |   |            80,535 |   |
|                                           | Loan payable |   |   |            15,240 |   |   |                 240 |   |
|                                           | Derivative liability |   |   |              8,898 |   |   |                      - |   |
|                                           |   |   |   |   |   |   |   |   |   |
|                                           |   | Total Current Liabilities |   |   |          246,249 |   |   |          631,491 |   |
|                                           |   |   |   |   |   |   |   |   |   |
|                                           |   | TOTAL LIABILITIES |   |   |          246,249 |   |   |          631,491 |   |
|                                           |   |   |   |   |   |   |   |   |   |
| STOCKHOLDERS' EQUITY (DEFICIT)                 |   |   |   |   |   |   |   |
|                                           |   |   |   |   |   |   |   |   |   |
|                                           | Preferred stock - 1,000,000 authorized, $0.001 par value; |   |   |   |   |
|                                           | 42,013 and 42,013 issued and outstanding, respectively | 42 |   |   | 42 |   |
|                                           | Common stock - 74,000,000 authorized, $0.001 par value; |   |   |   |   |
|                                           |    34,118,159 and 34,118,159 issued and outstanding, respectively |            34,118 |   |   |            34,118 |   |
|                                           | Additional paid-in capital |   |   |       3,137,547 |   |   |       2,639,115 |   |
|                                           | Deficit accumulated incured prior to the development stage |        (524,202) |   |   |        (524,202 | )  |
|                                           | Deficit accumulated during the development stage |   |     (2,565,363 | )  |   |     (2,442,684 | )  |
|                                           |   |   |   |   |   |   |   |   |   |
|                                           |   | Total Stockholders' Equity (Deficit) |   |   |            82,142 |   |   |        (293,611 | )  |
|                                           |   |   |   |   |   |   |   |   |   |
|                                           |   | TOTAL LIABILITIES AND STOCKHOLDERS' |   |   |   |   |   |   |   |
|                                           |   |   EQUITY (DEFICIT) |   | $ |          328,391 |   | $ |          337,880 |   |
|                                           |   |   |   |   |   |   |   |   |   |
|                                           |   |   |   |   |   |   |   |   |   |

| The accompanying notes are an integral part of these financial statements. |
|----------------------------------------------------------------------------|

----

| TIGER OIL AN ENERGY, INC.                                                  |                                           |
|----------------------------------------------------------------------------|------------------------------------------------|
| (Formerly UTEC, Inc.)                                                      |                                           |
| (A Development Stage Company)                                              |                                           |
| Consolidated Statements of Operations                                      |                                           |
| (Unaudited)                                                                |                                           |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   | From Inception |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   | on April 30 2009 |   |
|                                                                       |                                           |   |  For the Three Months Ended |  For the Nine Months Ended |   | through |   |
|                                                                       |                                           |   | September 30, |   | September 30, |   | September 30, |   |
|                                                                       |                                           |   | 2010 |   | 2009 |   | 2010 |   | 2009 |   | 2010 |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| REVENUES                                                                   | $                                              |                  - |   | $ |                    - |   | $ |                    - |   | $ |                    - |   | $ |                    - |   |
| COST OF SALES                                                              |                                           |                  - |   |   |                    - |   |   |                    - |   |   |                    - |   |   |                    - |   |
| GROSS MARGIN                                                               |                                           |                  - |   |   |                    - |   |   |                    - |   |   |                    - |   |   |                    - |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING EXPENSES                                                         |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       | Impairment of intangible assets                |   |                  - |   |   |           60,343 |   |   |                    - |   |   |           60,343 |   |   |         121,242 |   |
|                                                                       | Salaries and wages                             |   |                  - |   |   |                    - |   |   |           83,333 |   |   |                    100,00 |   |   |         350,000 |   |
|                                                                       | General and administrative                     |   |         14,055 |   |   |           76,053 |   |   |           30,314 |   |   |         85,879 |   |   |         493,197 |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                           | Total Operating Expenses |   |         14,055 |   |   |         136,396 |   |   |         113,647 |   |   |         246,222 |   |   |         964,439 |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS FROM OPERATIONS                                                       |                                           |       (14,055 | )  |   |        (136,396 | )  |   |        (113,647 | )  |   |        (246,222 | )  |   |        (964,439 | )  |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OTHER EXPENSE                                                              |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       | Interest expense                               |   |              (25 | )  |   |                    - |   |   |              (134 | )  |   |                    - |   |   |              (134 | )  |
|                                                                       | Loss on derivative liability                   |   |         (8,898 | )  |   |                    - |   |   |           (8,898 | )  |   |                    - |   |   |           (8,898) |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                           | Total Other Expense |   |         (8,923 | )  |   |                    - |   |   |           (9,032 | )  |   |                    - |   |   |           (9,032 | )  |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS BEFORE TAXES                                                          |                                           |       (22,978 | )  |   |        (136,396 | )  |   |        (122,679 | )  |   |        (246,222 | )  |   |        (973,471 | )  |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       | Provision for income taxes                     |   |                  - |   |   |                    - |   |   |                    - |   |   |        (170,800 | )  |   |        (170,800 | )  |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS FROM CONTINUING OPERATIONS                                        |                                           |     (22,978 | )  |   |    (136,396 | )  |   |     (122,679 | )  |   |       (417,022 | )  |   |     (1,144,271 | )  |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       | Net income (loss) from discontinued operations |                  - |   |   |                    - |   |   |                    - |   |   |         225,698 |   |   |         309,650 |   |
|                                                                       | Loss on disposal of discontinued operations    |   |   - |   |   |   - |   |   |   - |   |   |    (1,730,742 | )  |   |   (1,730,742 | )  |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                           | Loss from discontinued operations, |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                           | net of income taxes |   |                  - |   |   |                    - |   |   |                    - |   |   |     (1,505,044 | )  |   |     (1,421,092 | )  |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS                                                                   |  $                                        |       (22,978 | )  |  $ |        (136,396 | )  |  $ |        (122,679 | )  |  $ |     (1,922,066 | )  |  $ |     (2,565,363 | )  |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| BASIC LOSS PER SHARE                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| FROM CONTINUING OPERATIONS                                                 |  $                                        |           (0.00 | )  |  $ |             (0.00 | )  |  $ |             (0.00 | )  |  $ |             (0.01 | )  |   |   |   |
| BASIC LOSS PER SHARE                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  FROM DISCONTINUED OPERATIONS                                         |                                           |                - |   |   |                  - |   |   |                  - |   |   |             (0.04 | )  |   |   |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| TOTAL BASIC LOSS PER SHARE                                                 |  $                                        |           (0.00 | )  |  $ |             (0.00 | )  |  $ |             (0.00 | )  |  $ |             (0.05 | )  |   |   |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER                                                    |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   OF SHARES OUTSTANDING                                          |                                           |  34,118,159 |   |   |    29,468,159 |   |   |    34,118,159 |   |   |    36,968,159 |   |   |   |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are a integral part of these financials statements. |                                           |

----

| TIGER OIL AND ENERGY, INC.                                                 |                                                                                              |
|----------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|
| (Formerly UTEC, Inc.)                                                      |                                                                                              |
| (A Development Stage Company)                                              |                                                                                              |
| Consolidated Statements of Stockholders' Equity (Deficit)                  |                                                                                              |
|                                                                       |                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   | Deficit |   |   |   |   |
|                                                                       |                                                                                              |   |   |   |   |   |   |   |   |   | Additional |   | Accumulated |   |   |   |   |
|                                                                       | Preferred Stock                                                                                   |   | Common Stock |   | Paid-In |   | During the |   |   |   |   |
|                                                                       | Shares                                                                                            |   | Amount |   | Shares |   | Amount |   | Capital |   | Development 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 | )  |
|                                                                       |                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contributed capital (unaudited)                                            |                 - |   |   |              - |   |                     - |   |   |               - |   |   |        498,432 |   |   |                      - |   |   |        498,432 |   |
|                                                                       |                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the nine months ended                                         |                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| September 30, 2010 (unaudited)                                             |                 - |   |   |              - |   |                     - |   |   |               - |   |   |                   - |   |   |          (122,679 | )  |   |       (122,679 | )  |
|                                                                       |                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, September 30, 2010 (unaudited)                                    |        42,013                                                  |   | $ |           42 |   |      34,118,159 |   | $ |      34,118 |   | $ |     3,137,547 |   | $ |        (3,089,565 | )  | $ |          82,142 |   |
|                                                                       |                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements. |                                                                                              |

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| TIGER OIL AND ENERGY, INC.                                                 |
|----------------------------------------------------------------------------|
| (Formerly UTEC, Inc.)                                                      |
| (A Development Stage Company)                                              |
| Consolidated Statements of Cash Flows                                      |
| (Unaudited)                                                                |
|                                                                       |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   | From Inceptionon April 30 2009through |   |
|                                                                       |   |   |   |   |   |   |   |
|                                                                       | For the Nine Months Ended |   |   |
|                                                                       |   |   |
|                                                                       |   | September 30, |   |   | September 30, |   |
|                                                                       |   | 2010 |   |   | 2009 |   |   | 2010 |   |
| OPERATING ACTIVITIES                                                       |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |
| Net loss                                                                   |   | $ | (122,679 | ) |   | $ | (1,922,066 | ) |   | $ | (2,565,363 | ) |
| Adjustments to Reconcile Net Loss to Net                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Used by Operating Activities:                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                                                               |   |   | 414 |   |   |   | - |   |   |   | 726 |   |
| Amortization of intangibles                                                |   |   | - |   |   |   | 11,407 |   |   |   | 2,803 |   |
| Employee option grants issued                                              |   |   | - |   |   |   | 66,200 |   |   |   | 46,500 |   |
| Cancellation of employee stock option shares                               |   |   | - |   |   |   | - |   |   |   | 354,750 |   |
| Impairment of intangible assets                                            |   |   | - |   |   |   | 60,343 |   |   |   | 121,242 |   |
| Change in derivative liability                                             |   |   | 8,898 |   |   |   | - |   |   |   | 8,898 |   |
| Deferred tax asset                                                         |   |   | - |   |   |   | - |   |   |   | 170,800 |   |
| Changes in operating assets and liabilities:                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable to related party payables                                 |   |   | 19,131 |   |   |   | 20,360 |   |   |   | 299,666 |   |
| Accounts payable and accrued liabilities                                   |   |   | 70,161 |   |   |   | 140,000 |   |   |   | 53,796 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Used in Continuing Operating Activities                           |   |   | (24,075 | ) |   |   | (1,623,756 | ) |   |   | (1,506,182 | ) |
| Net Cash Used in Discontinued Operating Activities                         |   |   | - |   |   |   | 1,623,756 |   |   |   | 1,678,016 |   |
| Net Cash Used in Operating Activities                                      |   |   | (24,075 | ) |   |   | - |   |   |   | 171,834 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| INVESTING ACTIVITIES                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchase of property and equipment                                         |   |   | - |   |   |   | - |   |   |   | (216,556 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Used in Continuing Investing Activities                           |   |   | - |   |   |   | - |   |   |   | (216,556 | ) |
| Net Cash Used in Discontinued Investing Activities                         |   |   | - |   |   |   | - |   |   |   | - |   |
| Net Cash Used in Investing Activities                                      |   |   | - |   |   |   | - |   |   |   | (216,556 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| FINANCING ACTIVITIES                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds from note payable                                                 |   |   | 15,000 |   |   |   |   |   |   |   | 15,000 |   |
| Proceeds from common stock                                                 |   |   | - |   |   |   | - |   |   |   | 30,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Provided by Continuing Financing Activities                       |   |   | 15,000 |   |   |   | - |   |   |   | 45,000 |   |
| Net Cash Used in Discontinued Financing Activities                         |   |   | - |   |   |   | - |   |   |   | - |   |
| Net Cash Used in Financing Activities                                      |   |   | 15,000 |   |   |   | - |   |   |   | 45,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                                            |   |   | (9,075 | ) |   |   | - |   |   |   | 278 |   |
| CASH AT BEGINNING OF PERIOD                                                |   |   | 9,453 |   |   |   | - |   |   |   | 100 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH AT END OF PERIOD                                                      |   | $ | 378 |   |   | $ | - |   |   | $ | 378 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH FLOW INFORMATION                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH PAID FOR:                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Income taxes paid                                                          |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Interest paid                                                              |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| NON CASH FINANCING ACTIVITIES:                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for purchase of subsidiary                             |   | $ | - |   |   | $ | - |   |   | $ | 40,500 |   |
| Common stock cancelled                                                     |   |   | - |   |   |   | - |   |   |   | 20,500 |   |
| Contributed capital from forgiveness                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|    of debt of a related party                               |   |   | 498,432 |   |   |   | - |   |   |   | 498,432 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements. |

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|                        | Nine Months Ended September 30, 2010 |   | Nine Months Ended September 30, 2009 |   |
|-----------------------------|--------------------------------------|--------|--------------------------------------|--------|
| Income                      |                                 | -      |                                 |   | 1,039,595 |   |
| Cost of Goods Sold          |                                 | -      |                                 |   | 353,544 |   |
| Operating expenses          |                                 | -      |                                 |   | 376,402 |   |
| Net Operating Income (Loss) |                                 | -      |                                 |   | 309,649 |   |
| Loss on disposal of assets  |                                 | -      |                                 |   | - |   |
| Tax benefit at 34%          |                                 | -      |                                 |   | - |   |
| Net income (loss)           |                                 | -      |                                 |   | 309,649 |   |

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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. |
|-------------------|----------------------------|
|              |                       |   |
|              |                       |   |
| November 22, 2010 | By:                   | /s/ Kenneth B. Liebscher |
|              |                       | Kenneth B. Liebscher, Director & CEO |