UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, DC 20549FORM 10-Q

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended May 31, 2008

 ̈ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________To_________

Commission file number 333-1421-28MASS PETROLEUM INC.(Exact name of registrant as specified in its charter)

LAUD RESOURCES INC.(Former Name)Nevada
     20-5893809(State or other jurisdiction of incorporation or
     (I.R.S. Employer Identification No.)organization)Suite 507-700 West Pender Street,
     V6C 1G8Vancouver, British Columbia
     (Zip Code)(Address of principal executive offices)604 662 3910(Registrants telephone number)


Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was require to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesxNo ̈

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer   ̈
     Accelerated filer    ̈
     Non-accelerated filer    ̈
     Smaller reporting company þ


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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.Yes  ̈ No  ̈

APPLICABLE ONLY TO CORPORATE ISSUERS:

As of July 17, 2008, the registrants outstanding common stock consisted of 81,088,000 shares.

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Table of Contents

PART I  FINANCIAL INFORMATION
     3Item 1. Financial Statements
     3Item 2  Management Discussion And Analysis Of Financial Condition and Results of Operations
     4Item 3. Controls And Procedures
     7PART II  OTHER INFORMATION
     7Item 1. Legal Proceedings
     7Item 2. Unregistered Sales Of Equity Securities
     7Item 3. Defaults Upon Senior Securities
     7Item 4. Submission Of Matters To A Vote Security Holders
     7Item 5. Other Information
     7Item 6. Exhibits
     8


2

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PART I  FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The unaudited financial statements of MASS Petroleum Inc. (the Company, MASS, we, our, us) follow. All currency references in this report are in US dollars unless otherwise noted.

MASS Petroleum Inc.(formerly LAUD Resources Inc.)(An Exploration Stage Company)May 31, 2008IndexBalance Sheets
     F-1Statements of Operations
     F-2Statements of Cash Flows
     F-3Notes to the Financial Statements
     F-4


3

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MASS Petroleum Inc.(formerly LAUD Resources Inc.)(An Exploration Stage Company)Balance Sheets(Expressed in US dollars)May 31, 2008
     November 30, 2007$
     $(unaudited)ASSETSCurrent AssetsCash
     143,783
     229,288Accrued revenue
     869
     976Prepaid expenses (Note 6)
     206,137
     313,953Total Current Assets
     350,789
     544,217Property and Equipment (Note 3)
     1,130
     1,695Oil and Gas Property (Note 4)
     16,002
     17,890Total Assets
     367,921
     563,802LIABILITIES AND STOCKHOLDERS EQUITYCurrent LiabilitiesAccounts payable
     71
     8,855Accrued liabilities
     7,235
     679Due to related party (Note 5(b))
     2,159
     963Total Liabilities
     9,465
     10,497Contingencies and commitments(Note 1 and 8)Stockholders EquityPreferred Stock, 20,000,000 shares authorized, $0.0001 par value;None issued and outstanding
     
     Common Stock, 160,000,000 shares authorized, $0.0001 par value;81,088,000 shares issued and outstanding
     8,109
     8,109Additional Paid-in Capital
     1,029,691
     1,029,691Donated Capital (Note 5(a))
     33,750
     26,250Deficit Accumulated During the Exploration Stage
     (713,094)
     (510,745)Total Stockholders Equity
     358,456
     553,305Total Liabilities and Stockholders Equity
     367,921
     563,802


(The Accompanying Notes are an Integral Part of These Financial Statements)

F-1

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|MASS Petroleum Inc.                    |                     |               |              |               |             
|-------------------------------------- | ------------------- | ------------- | ------------ | ------------- | ------------
|(formerly LAUD Resources Inc.)         |                     |               |              |               |             
|(An Exploration Stage Company)         |                     |               |              |               |             
|Statements of Operations               |                     |               |              |               |             
|(Expressed in US dollars)              |                     |               |              |               |             
|(Unaudited)                            |                     |               |              |               |             
|                                      
|                                      
|                                       | Accumulated from    | For the       | For the      | For the       | For the     
|                                       | February 14, 2006   | Three Months  | Three Months | Six Months    | Six Months  
|                                       | (Date of Inception) | Ended         | Ended        | Ended         | Ended       
|                                       | to May 31, 2008     | May 31,  2008 | May 31, 2007 | May 31,  2008 | May 31, 2007
|                                       | $                   | $             | $            | $             | $           
|Revenue                                | 9,259               | 1,735         | 1,084        | 2,900         | 3,175       
|Expenses                               |                     |               |              |               |             
|Depletion                              | 18,036              | 1,052         | 1,020        | 1,888         | 1,602       
|Depreciation                           | 2,261               | 307           | 283          | 565           | 565         
|General and administrative (Note 5(a)) | 699,302             | 97,359        | 92,199       | 201,953       | 196,744     
|Oil and gas production                 | 2,754               | 589           | 265          | 843           | 1,429       
|Total Expenses                         | 722,353             | 99,307        | 93,767       | 205,249       | 200,340     
|Net Loss                               | (713,094)           | (97,572)      | (92,683)     | (202,349)     | (197,165)   
|Net Loss Per Share  Basic and Diluted |                     |              |             |              |            
|Weighted Average Shares Outstanding    |                     | 81,088,000    | 75,986,000   | 81,088,000    | 75,934,000  

(The Accompanying Notes are an Integral Part of These Financial Statements)

F-2

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MASS Petroleum Inc.(formerly LAUD Resources Inc.)(An Exploration Stage Company)Statements of Cash Flows(Expressed in US dollars)(Unaudited)For the
     For theSix Months
     Six Monthsended
     endedMay 31, 2008
     May 31, 2007$
     $Operating ActivitiesNet loss
     (202,349)
     (197,165)Adjustments to reconcile net loss to net cash used in operating activities:Depletion
     1,888
     1,602Depreciation
     565
     565Donated services and rent
     7,500
     7,500Stock-based compensation
     107,816
     105,647Changes in operating assets and liabilitiesAccrued revenue
     107
     (556)Prepaid expenses
     
     (1,554)Accounts payable
     (8,784)
     8,333Accrued liabilities
     6,556
     1,017Due to related party
     1,196
     796Net Cash Used in Operating Activities
     (85,505)
     (73,815)Financing ActivitiesProceeds from issuance of common stock
     
     70,000Stock issuance costs
     
     (1,500)Proceeds from common stock subscribed
     
     208,000Net Cash Provided by Financing Activities
     
     276,500Increase (Decrease) in Cash
     (85,505)
     202,685Cash - Beginning of Period
     229,288
     99,602Cash - End of Period
     143,783
     302,287Supplemental DisclosuresInterest paid
     
     Income taxes paid
     
     


(The Accompanying Notes are an Integral Part of These Financial Statements)

F-3

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MASS Petroleum Inc.
(formerly LAUD Resources Inc.)
(An Exploration Stage Company)
Notes to the Financial Statements
(Expressed in US dollars)
(Unaudited)

|1. | Nature of Operations and Continuance of Business                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|   | The Company was incorporated in the State of Nevada on February 14, 2006 under the name XTOL Energy Inc. On October 11, 2007, the Company changed its name to LAUD Resources Inc. On June 23, 2008, the Company changed its name from LAUD Resources Inc. to MASS Petroleum Inc. The Company is an Exploration Stage Company, as defined by Statement of Financial Accounting Standard (SFAS) No.7, Accounting and Reporting for Development Stage Enterprises. The Companys principal business is the acquisition and exploration of oil and gas properties located in the United States.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|  
|   | On January 24, 2008, the Company incorporated APIC Resources, Inc. (APIC) as its wholly owned subsidiary. On February 5, 2008, the Company declared a dividend of $0.000001 for each of the Companys 81,088,000 common shares outstanding as of February 5, 2008. The Company satisfied this dividend by arranging APIC to issue one share of their common stock for every $0.0001 of dividend declared. This effectively became an issuance of one APIC share for every 100 shares of the Companys stock held by the shareholders as of February 5, 2008. These shares were issued without a prospectus in reliance on Regulation S and pursuant to exemptions from registration under Section 4(2) of the Securities Act of 1933. In conjunction with this arrangement, the Company cancelled its 100 shares in APIC and as of February 5, 2008, the Company no longer owned any shares in APIC. APIC had no operations or assets prior to the spin off.                                                                                                                                                                                                        
|  
|   | These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated significant revenues since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at May 31, 2008, the Company has not generated significant revenue and has accumulated losses totaling $713,094 since inception. These factors raise substantial doubt regarding the Companys ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
|  
|   | During the next twelve months, management plans to purchase additional non-operated interests in oil and gas properties, acquire a development stage exploration property and carry out an exploration program on acquired property. Management estimates expenditures of approximately $7,000,000 for acquisition and exploration costs on oil and gas interests and properties, and approximately $1,000,000 for other operational costs. The Company currently has no significant revenues and must rely on the sale of equity securities to fund operations. The Company will require significant additional financings in order to pursue exploration of any properties acquired. There is no assurance that the Company will be able to obtain the necessary financings to complete its objectives. Refer to Note 8.                                                                                                                                                                                                                                                                                                                                            
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|2. | Summary of Significant Accounting Policies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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F-4

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MASS Petroleum Inc.
(formerly LAUD Resources Inc.)
(An Exploration Stage Company)
Notes to the Financial Statements
(Expressed in US dollars)
(Unaudited)

|2. | Summary of Significant Accounting Policies (continued)
|-- | ------------------------------------------------------
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F-5

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MASS Petroleum Inc.
(formerly LAUD Resources Inc.)
(An Exploration Stage Company)
Notes to the Financial Statements
(Expressed in US dollars)
(Unaudited)

|2. | Summary of Significant Accounting Policies (continued)
|-- | ------------------------------------------------------
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F-6

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MASS Petroleum Inc.
(formerly LAUD Resources Inc.)
(An Exploration Stage Company)
Notes to the Financial Statements
(Expressed in US dollars)
(Unaudited)

|2. | Summary of Significant Accounting Policies (continued)
|-- | ------------------------------------------------------
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|   | m)                                                    
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F-7

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MASS Petroleum Inc.
(formerly LAUD Resources Inc.)
(An Exploration Stage Company)
Notes to the Financial Statements
(Expressed in US dollars)
(Unaudited)

|2. | Summary of Significant Accounting Policies (continued)
|-- | ------------------------------------------------------
|  
|   | p)                                                    
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|3. | Property and Equipment                                



|                  |       | Accumulated  | May 31, 2008       | November 30, 2007 
|----------------- | ----- | ------------ | ------------------ | ------------------
|                  | Cost  | Depreciation | Net Carrying Value | Net Carrying Value
|                  | $     | $            | $                  | $                 
|Computer hardware | 3,391 | 2,261        | 1,130              | 1,695             

F-8

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MASS Petroleum Inc.
(formerly LAUD Resources Inc.)
(An Exploration Stage Company)
Notes to the Financial Statements
(Expressed in US dollars)
(Unaudited)
4. Oil and Gas Property

May 31,  2008
     November 30,  2007Net Carrying
     Net CarryingValue
     Value$
     $Proved Properties, OklahomaAcquisition Costs
     34,038
     34,038Depletion
     (18,036)
     (16,148)Net Carrying Value
     16,002
     17,890


On August 1, 2006, the Company acquired a 2.34% non operating interest in three oil and gas wells  located in Oklahoma for $34,038.

|5. | Related Party Transactions                                                                                                                                                                                                                                                                                                                   
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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|   | a)                                                                                                                                                                                                                                                                                                                                           
|  
|   | b)                                                                                                                                                                                                                                                                                                                                           
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|   |                                                                                                                                                                                                                                                                                                                                              
|  
|6. | Common Stock                                                                                                                                                                                                                                                                                                                                 
|  
|   | On July 24, 2007, the Company issued 4,000,000 shares of common stock at a fair value of $360,000 to a consultant for services to be provided over a two year period. As at May 31, 2008, $206,137 (November 30, 2007 - $296,384) is included in prepaid expenses and will be recognized over the remaining term of the consulting agreement.
|  
|7. | Share Purchase Warrants                                                                                                                                                                                                                                                                                                                      
|  
|   | The following table summarizes the continuity of the Companys share purchase warrants:                                                                                                                                                                                                                                                      
|  

Weighted AverageNumber of
     Exercise PriceWarrants
     $Balance, November 30, 2007
     95,400
     0.25Expired
     (3,000)
     0.25Cancelled
     (92,400)
     0.25Balance, May 31, 2008
     
     


F-9

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MASS Petroleum Inc.
(formerly LAUD Resources Inc.)
(An Exploration Stage Company)
Notes to the Financial Statements
(Expressed in US dollars)
(Unaudited)

|8. | Share Exchange Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|   | On May 19, 2008, the Company entered into a share exchange agreement and addendum (collectively the Agreement) with Uraltransneft Co., Ltd. (Uraltransneft), a Russia corporation, and its selling shareholders. Uraltransfneft is based in Perm, Russia, where it holds a crude oil and gas production license, and is engaged in the businesses of oil exploration, extraction, processing, distribution, transportation and related services. Pursuant to the Agreement the Company will issue 41,100,000 shares of common stock to the selling shareholders in exchange for all outstanding shares of Uraltransneft. Closing of the Agreement will result in Uraltransneft becoming a wholly owned subsidiary of the Company. Additionally, the three selling shareholders of Uraltransneft will each hold approximately 13,700,000 common shares (the equivalent of 16.8%) of the Companys issued and outstanding common stock. Closing of the Agreement is subject to the satisfaction of certain conditions precedent including:
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|9. | Subsequent Events                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           



| | a) | On June 9, 2008, the Company entered into a consulting agreement with the Chief Financial Officer of the Company. The term of the agreement begins on June 9, 2010 and will continue until June 6, 2011. Pursuant to the agreement, the  Company agreed to pay Cdn$3,000 per month and issue 500,000 stock options at an exercise price of $1.50 per common share. The stock options will vest at a rate of 125,000 stock options for each six month period ending on December 6, 2008, June 6, 2009, December 6, 2009, and June 6, 2010. The stock options are exercisable until the earlier of 2 years following their respective vesting dates or upon termination of the agreement. However, if during the term of the agreement any third party who is not affiliated with the Company as of the date of the agreement assumes control of the Company or acquires substantially all of the Companys assets, all 500,000 stock options will vest immediately and may be exercised for a period of 90 days following the effective date of such change of control or disposition of assets.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | b) | On June 23, 2008, the Company changed its name from LAUD Resources Inc. to MASS Petroleum Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | c) | On July 3, 2008, the Company entered into loan agreements with a company controlled by the former Chief Financial Officer of the Company and a non-related third party for $50,000 and $25,000, respectively. The loans bear interest at 5% per annum and are due on January 31, 2009 or within seven days of the Company completing a financing of $1,500,000 or more.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|
| | d) | On July 3, 2008, the Company advanced $75,000 to Uraltransneft which bears interest at 0.5% and is due on January 1, 2009.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|
| | e) | On July 17, 2008, the Company cancelled the 20,000,000 stock options that were outstanding.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

F-10

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ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward Looking Statements

This report on Form 10-Q contains certain forward-looking statements. All statements other than statements of historical fact are forward-looking statements for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements.

Business Overview

MASS Petroleum Inc. (MASS, we, us) is a start up oil and gas exploration company. We were incorporated in the State of Nevada on February 14, 2006, under the name of XTOL Energy Inc. We operated under this name until October 10, 2007 at which time we changed our name to LAUD Resources Inc. On June 23, 2008 we changed our name to MASS Petroleum Inc. and on July 11, 2008, the new symbol for the quotation of our common stock on the Over the Counter Bulletin board became MASP.OB. We do not have any subsidiaries. Our principal office is located at Suite 507  700 West Pender Street, Vancouver, British Columbia, V6C 1G8. Our telephone number is (604) 688-6380. Our fiscal year end is November 30.

We have incurred losses since our inception. We rely upon the sale of our securities to fund our operations. We have generated limited revenues of $9,259 from our 2.34% non-operated interest in three operating wells in Kingfisher County, Oklahoma since our inception to May 31, 2008.

We intend to build our business through the acquisition of producing and exploration stage oil and natural gas wells, interests and leases. Our strategy is to combine the secure and reliable revenue source of operated and non-operated interests from producing oil wells with the higher risk development of oil and gas exploration projects. For the next 12 months (beginning July 2008), we plan to purchase additional operated and non-operated interests in producing oil and natural gas properties, to acquire additional exploration stage properties and carry out an exploration program on the acquired properties. We are not involved in any bankruptcy, receivership or similar proceedings.

Liquidity and Capital Resources

As of May 31, 2008, we had cash of $143,783 and a working capital surplus of $341,324. Our accumulated deficit at May 31, 2008 was $713,094. Our net loss of $202,349 for the six months ended May 31, 2008 was mostly funded by funds raised from equity financing since inception. However, for the six months ended May 31, 2008, we did not raise any cash through financing activities compared to $276,500 provided through financing activities during the same period in 2007. During the six months ended May 31, 2008 our cash position decreased by $85,505.

We used net cash of $85,505 in operating activities for the six months ended May 31, 2008 compared to net cash of $73,815 used in operating activities for the same period in 2007.

During the six months ended May 31, 2008 our monthly cash requirement was $14,250 compared to $12,302 for the same period in 2007. At the six months ending May 31, 2008, we had cash of $143,783, which will cover our costs for 10 months according to our current monthly burn rate. However, if the share exchange agreement among us, Uraltransneft Co., Ltd. and the selling shareholders of Uraltransneft (entered into on May 19, 2008 and disclosed by us in our report on Form 8-K dated May 19, 2008) successfully closes, our monthly cash requirements will increase. If the share exchange agreement successfully closes, we will need to secure additional financing to sustain the increased cash requirements resulting from our obligations under the share exchange agreement.

4

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We expect to require approximately $7,000,000 in financing to continue our planned operation and exploration over the next year plus another $1,000,000 to cover our other operational expenses.

Our planned acquisition and exploration expenditures for oil and gas interests and properties over the next twelve months (beginning July 2008) are summarized as follows:

Description
     Potential completion date($)Retain a full-time engineer and a full-time geologist
     October 1, 2008
     400,000Acquisition of Uraltransneft Co., Ltd.
     October 1, 2008
     6,000,000Conduct preliminary evaluation of potential  exploration stage oil and gas properties for acquisition
     December 1, 2008
     600,000Total
     
     7,000,000


Our other planned operational expenses for the next 12 months (beginning July 2008) are summarized as follows:

Description
     Potential completion date
     Estimated  Expenses
($)Select and appoint a new Board member
     October 1, 2008
     10,000Raise additional private or public equity (legal, accounting and marketing fees)
     12 months
     150,000General and administrative expenses
     12 months
     100,000Professional fees (legal, accounting and auditing fees)
     12 months
     250,000Consultant, officer, and employee fees
     12 months
     450,000Marketing expenses
     12 months
     40,000Total
     
     1,000,000


Of the $8,000,000 we need for the next 12 months, we had $143,783 in cash as of May 31, 2008 and a working capital surplus of $341,324. We intend to raise the balance of our cash requirements for the next 12 months ($7,658,676) from private placements, shareholder loans or possibly a registered public offering (either self-underwritten or through a broker-dealer) within the next few months. If we are unsuccessful in raising enough money through future capital raising efforts, we may review other financing possibilities such as bank loans. At this time we do not have any commitments from any broker-dealer to provide us with financing.

There is no assurance that any financing will be available or if available, on terms that will be acceptable to us. We also may need additional financing to carry out our business plan.

Obtaining additional financing will be subject to a number of factors including market conditions, investor acceptance of our business plan, and investor sentiment. These factors may make the timing, amount, terms and conditions of additional financing unattractive or unavailable to us. If we cannot raise at least $7,658,676 we will have to significantly reduce our spending, delay or cancel planned activities or substantially change our current corporate structure. In such an event, we intend to implement expense

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reduction plans in a timely manner. However, these actions would have material adverse effects on our business, revenues, operating results, and prospects, resulting in a possible failure of our business. We may need to obtain additional financing which may not be available, which could cause us to cease operations.

Results of Operations

We began to earn nominal revenues in February 2007 from our non-operated working interests in three producing wells. We plan to purchase additional non-operated and operated working interests in existing oil and gas leases. If we complete our acquisition of Uraltransneft Co., Ltd. we anticipate that we will generate increased revenues over the next two years, however there is no guarantee that the acquisition will be completed or that we will receive any additional revenues.

Revenues

We have generated $9,259 in revenues from our 2.34% non-operating interest in the Kingfisher property since February 14, 2006 (inception) to May 31, 2008. We generated revenues of $2,900 for the six months ended May 31, 2008 compared to $3,175 for the six months ended May 31, 2007. For the three months ended May 31, 2008 and the three months ended May 31, 2007 we generated revenues of $1,735 and $1,084 respectively.

Net Loss

We incurred a net loss of $202,349 for the six months ended May 31, 2008 compared to our net loss of $197,165 for the six months ended May 31, 2007. For the three months ended May 31, 2008 and the three months ended May 31, 2007 we incurred a net losses of $97,572 and $92,683, respectively. Since February 14, 2006 (date of inception) to May 31, 2008, we have incurred a net loss of $713,094.

Expenses

Our total expenses were $205,249 for the six months ended May 31, 2008 compared to $200,340 for the same period in 2007. For the three months ended May 31, 2008 and the three months ended May 31, 2007 our total expenses were $99,307 and $93,767, respectively. The nominal increase in our expenses during 2008 was attributable to greater general and administrative expenses due to our increased business activity. Our general and administrative expenses consist of professional fees, management and consulting fees, bank charges, travel, meals and entertainment, rent, office maintenance, communications (cellular, internet, fax and telephone), courier, postage costs and office supplies. Our general and administrative expenses were $201,953 for the six months ended May 31, 2008 compared to $196,744 for the same period in 2007. Our general and administrative expenses were $97,359 for the three months ended May 31, 2008 and $92,199 for the same period in 2007.

Inflation

The amounts presented in the financial statements do not provide for the effect of inflation on our operations or financial position. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging operations with amounts that represent replacement costs or by using other inflation adjustments.

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Off-Balance Sheet Arrangements

As of May 31, 2008, we had no off balance sheet transactions that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures
Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures as of March 31, 2008. Based on this evaluation, our management has concluded that our disclosure controls and procedures adequately ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms.

Changes in Internal Control over Financial Reporting

The evaluation of our disclosure controls and procedures did not identify any change in our internal control over financial reporting that occurred during the three months ended March 31, 2008 that has materially affected or is reasonably likely to materially affect our internal control over such reporting.

The term "internal control over financial reporting" is defined as a process designed by or under the supervision of our principal executive and principal financial officers or persons performing similar functions, and effected by the our Board of Directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that:

(1)   Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;

(2)   Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being 
             made only  in accordance with authorizations of our management and directors; and

(3)   Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, or use or disposition of the our assets that could have a material effect on the financial statements.

ITEM 4T. INTERNAL CONTROL OVER FINANCIAL REPORTING

This quarterly report does not include a report of our managements assessment, or an attestation report of our registered public accountant, regarding our internal control over financial reporting due to a transition period established by rules of the Securities and Exchange Commission for newly public companies.

PART II  OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party against us. None of our directors, officers or affiliates are (i) a party adverse to us in any legal proceedings, or (ii) have an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings that have been threatened against us.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCCEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

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

On June 9, 2008 a 64.3% majority of our shareholders voted by special, separate resolution, to approve the changing of our name from LAUD Resources Inc. to MASS Petroleum Inc. We filed a Certificate of Amendment to our Articles of Incorporation with the Secretary of State of Nevada on June 9, 2008 to effect the name change. The name change became effective on June 23, 2008.

ITEM 5. OTHER INFORMATION

On July 3, 2008, we entered into loan agreements with Hudson Capital Corporation, a company controlled by Jordan Shapiro, our Director, Secretary, and former Chief Financial Officer, and Mr. Marc Levy, a non-related party, for $50,000 and $25,000, respectively. The loans bear interest at 5% per annum and are due on the earlier of January 31, 2009 or within seven days of the completing by us of a financing of $1,500,000 or more.

Also on July 3, 2008, we entered into a loan agreement with Uraltransneft Co., Ltd. pursuant to which we advanced $75,000 to Uraltransneft. The loan bears interest at 0.5% per annum and is due on January 1, 2009.

On July 17, 2008, we entered into agreements with each Jordan Shapiro, Hudson Capital Corporation, a company controlled by Jordan Shapiro and Gary Chayko, our former President, former Director and former Chief Executive Officer. Pursuant to the agreements we cancelled a total of 20,000,000 outstanding stock purchase options held by Mr. Shapiro, Mr. Chayko and Hudson Capital Corporation. Each of the options entitled to holder to purchase one share of our common stock at an exercise price of $0.0001 per share exercisable until February 15, 2011. As a result of the cancellation of the options, we have no stock options outstanding as of July 17, 2008. The outstanding options were cancelled in order to increase our attractiveness to potential investors.

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ITEM 6. EXHIBITS

Exhibit  Number
     Exhibit  Description3.1
     Certificate of Amendment to Articles of Incorporation10.1
     Loan Agreement with Hudson Capital Corporate dated July 3, 200810.2
     Loan Agreement with Marc Levy dated July 3, 200810.3
     Loan Agreement with Uraltransneft Co., Ltd. dated July 3, 200831.1
     Certification of the Chief Executive Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2
     Certification of the Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 200232.1
     Certification of the Chief Executive Officer Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 200232.2
     Certification of the Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002


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SIGNATURES

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

MASS Petroleum Inc.Date: July 21, 2008
     By:/s/ Oleg BilinskiOleg BilinskiPresident, Chief Executive Officer and Director


Pursuant to the requirements of the Exchange Act this Report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Signature
     Title
     Date/s/ Oleg Bilinski
     President, Chief Executive
     July 21, 2008Oleg Bilinski
     Officer, and Director/s/ Vitaly Melnikov
     Chief Financial Officer,
     July 21, 2008Vitaly Melnikov
     Principal Accounting Officer,  and Director


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