2

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

                                   FORM 10-QSB

(Mark  One)

[X]  QUARTERLY  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE
      SECURITIES  AND  EXCHANGE  ACT  OF  1934
        For  the  quarterly  period  ended  September  30,  1999

[  ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE
      SECURITIES  ACT  OF  1934
        For  the  transition  period  from  to.

                          Commission File No. 000-23867
                          -----------------------------

                             Aladdin Oil Corporation
                             -----------------------
             (Exact name of registrant as specified in its charter)

         Colorado                    No.  86-0868911
-----------------                    ---------------
(State  or  other  jurisdiction of          (I.R.S. Employer Identification No.)
incorporation  or  organization)

       11911 San Vincente Blvd., Suite 385, Los Angeles, California 90049
       ------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (310) 440-4471
                                 --------------
              (Registrant's telephone number, including area code)

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding  12  months  (or  for such shorter period that the Registrant was
required  to  file  such  reports),  and  (2)  has  been  subject to such filing
requirements  for  the  past  90  days.

                              [ ]              [X ]
                               No             Yes

The  number  of shares of Registrant's common stock outstanding at September 30,
1999  was  7,402,862.

<PAGE>
                             ALADDIN OIL CORPORATION

                                      INDEX
<TABLE>
<CAPTION>


                                                            Page
                                                            ----
<S>                                                         <C>
PART I - FINANCIAL INFORMATION

Item 1.  Unaudited Consolidated Financial Statements

  Consolidated Balance Sheets September 30 1999 and
    December 31, 1998. . . . . . . . . . . . . . . . . . .     4

  Consolidated Statements of Operations for the three and
    nine months ended September 30, 1999 and 1998. . . . .     6

  Consolidated Statements of Cash Flows for the nine
    months ended September 30, 1999 and 1998 . . . . . . .     7

  Notes to Consolidated Financial Statements . . . . . . .     8


Item 2.  Management's Discussion and Analysis of Financial
  Condition and Results of Operations. . . . . . . . . . .     9


PART II - OTHER INFORMATION. . . . . . . . . . . . . . . .    11

SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . .    13

</TABLE>




<PAGE>

                                       5


                         PART I - FINANCIAL INFORMATION

<PAGE>

ITEM  1.  UNAUDITED  CONSOLIDATED  FINANCIAL  STATEMENTS
          ----------------------------------------------

                             ALADDIN OIL CORPORATION
                           CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)

                                     ASSETS

<TABLE>
<CAPTION>


                              Sept. 30, 1999   Dec. 31, 1998
                              ---------------  --------------
<S>                           <C>              <C>
Current Assets
  Cash . . . . . . . . . . .  $       157,447  $        1,159
  Accounts receivable, trade            9,364               -
                              ---------------  --------------

    Total Current Assets . .          166,811           1,159
                              ---------------  --------------

Property and Equipment, Net.        1,077,705               -
                              ---------------  --------------

Other Assets
  Organizational costs, Net.              500             500
  Start-up Costs . . . . . .            1,109               -
                              ---------------  --------------

      Total Other Assets . .            1,609             500
                              ---------------  --------------

      Total Assets . . . . .  $     1,246,125  $        1,659
                              ===============  ==============
</TABLE>



<PAGE>

                            LIABILITIES  AND  SHAREHOLDERS'  EQUITY
<TABLE>
<CAPTION>


                                              Sept. 30, 1999    Dec. 31, 1998
                                             ----------------  ---------------
<S>                                          <C>               <C>
CURRENT LIABILITIES
  Trade accounts payable. . . . . . . . . .  $       101,025   $          129
  Amounts payable to joint venture
    participants. . . . . . . . . . . . . .            8,158                -
  Due to related parties. . . . . . . . . .                -                -
  Accrued expenses and
   other liabilities. . . . . . . . . . . .                -                -
                                             ----------------  ---------------

    Total Current Liabilities . . . . . . .          109,183              129
                                             ----------------  ---------------

  Convertible Debentures. . . . . . . . . .                -                -

Shareholders' Equity
  Convertible preferred stock,
    Series A, no par value10,000,000 shares
    authorized; . . . . . . . . . . . . . .                -
    Series B, no par value,
    159,937 shares. . . . . . . . . . . . .          159,937
Common stock, no par value,
   100,000,000 shares authorized;
   7,402,862 shares issued and outstanding.        2,595,969           49,890
  Accumulated deficit . . . . . . . . . . .       (1,618,964)         (48,360)
                                             ----------------  ---------------

    Total Shareholders' Equity. . . . . . .        1,136,942            1,530
                                             ----------------  ---------------

    Total Liabilities and
      Shareholders' Equity. . . . . . . . .  $     1,246,125   $        1,659
                                             ================  ===============
</TABLE>




<PAGE>
     The  accompanying  notes  are  an  integral  part  of  these
     condensed  financial  statements.

                                        6

                             ALADDIN OIL CORPORATION
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>

                                            For  the  Three  Months     For  the  Nine  Months


                                               1999         1998         1999         1998
                                            -----------  -----------  -----------  -----------
<S>                                         <C>          <C>          <C>          <C>
Revenues
  Sale of oil and gas. . . . . . . . . . .  $    6,468   $        -   $   21,202   $        -
  Interest income. . . . . . . . . . . . .           -            -            -            -
                                            -----------  -----------  -----------  -----------

    Total Revenues . . . . . . . . . . . .       6,468            -       21,202            -
                                            -----------  -----------  -----------  -----------

Cost and Expenses
  Oil and  gas lease expense . . . . . . .      10,233            -       30,405            -
  Depletion, depreciation and amortization      18,605           30       55,845           70
  Interest . . . . . . . . . . . . . . . .      47,376            -       65,216            -
  General administrative . . . . . . . . .     152,844        6,394      384,485       23,125
                                            -----------  -----------  -----------  -----------

    Total Cost and Expenses. . . . . . . .     229,058        6,424      535,951       23,195
                                            -----------  -----------  -----------  -----------

Net Loss . . . . . . . . . . . . . . . . .  $ (222,590)  $   (6,424)  $ (514,749)  $  (23,195)
                                            ===========  ===========  ===========  ===========

Net Income (Loss) per Common Share . . . .  $     (.03)  $     (NIL)  $     (.08)  $     (.01)
                                            ===========  ===========  ===========  ===========

Weighted Average Number of Shares. . . . .   6,326,141    3,989,500    6,326,141    2,011,900
                                            ===========  ===========  ===========  ===========
</TABLE>



<PAGE>
                             ALADDIN OIL CORPORATION
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)


<TABLE>
<CAPTION>

                                                  For  the  Nine  Months
                                                  ----------------------
                                                     Ended  Sept  30,
                                                     ----------------

                                                    1999        1998
                                                 ----------  -----------
<S>                                              <C>         <C>
Cash Flows from Operating Activities
  Net loss. . . . . . . . . . . . . . . . . . .  $(514,749)  $ ( 23,195)
  Adjustments to reconcile net income
    to net cash used from operating activities:
      Depreciation, depletion and amortization.     55,845           70
      Rent. . . . . . . . . . . . . . . . . . .          -          450
      Changes in operating capital:
      Amounts receivable. . . . . . . . . . . .      9,364            -
      Trade accounts payable. . . . . . . . . .    (68,112)       1,578
      Amounts payable to joint venture
        participants and related parties. . . .      2,267            -
      Stock issued for consulting fees. . . . .          -       15,500
                                                 ----------  -----------

Net Cash Used by Operating Activities . . . . .   (514,985)      (5,597)
                                                 ----------  -----------
Cash Flows from Investing Activities
  Capital expenditures. . . . . . . . . . . . .    385,722         (600)
                                                 ----------  -----------

Cash Flows from Financing Activities
  Proceeds from issuance of common stock. . . .    171,218            -
                                                 ----------  -----------
      Net Cash Provided by Financing Activities    556,940         (600)
                                                 ----------  -----------

Net Increase in Cash and Cash Equivalents . . .     41,955       (6,197)
Cash and Cash Equivalents at Beginning
  Of Period . . . . . . . . . . . . . . . . . .    115,522        7,366
                                                 ----------  -----------

Cash and Cash Equivalents at
  End of Period . . . . . . . . . . . . . . . .  $ 157,477   $    1,169
                                                 ==========  ===========
</TABLE>



<PAGE>

                                       10

                             ALADDIN OIL CORPORATION
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                            FOR THE NINE MONTHS ENDED
                           SEPTEMBER 30, 1999 AND 1998
                                   (Unaudited)

NOTE  1  -  BASIS  OF  PRESENTATION
            -----------------------

The  financial  information  included  herein  is  unaudited;  however,  such
information  reflects  all  adjustments  (consisting  solely of normal recurring
adjustments)  which  are,  in  the  opinion  of management, necessary for a fair
statement  of results for the interim periods. The results of operations for the
six  months  period  ended  June 30, 1999, are not necessarily indicative of the
results  to  be  expected  for  the  full  year.

The  accompanying consolidated financial statements do not include footnotes and
certain  financial  presentations  normally  required  under  generally accepted
accounting  principles;  and,  therefore, should be read in conjunction with the
Company's  Annual  Report  on  Form  10-K  for the year ended December 31, 1998.

The  Company  is  the result of the successful merger by and between Aladdin Oil
Corporation,  a  Nevada  Corporation  and  Buffalo  Capital  V, Ltd., a Colorado
Corporation  that  closed  in  June  of  1999.  Aladdin  Oil Corporation was the
surviving entity as a result of the business combination, with the management of
Aladdin  Oil  Corporation,  assuming  control  of  the  newly  combined  entity.
Furthermore, upon closing of the merger, the surviving entity adopted the fiscal
year  end  of  Buffalo  Capital  V,  Ltd.  which  is  December  31.

Aladdin  Oil  Corporation  is  an  independent  energy  company  engaged  in the
exploration  for  and  the acquisition and development of oil and gas properties
using Computer Aided Exploration Technology, ("CAEX") primarily in the states of
Texas,  Louisiana  and  California.

NOTE  2  -  PER  SHARE  COMPUTATIONS
            ------------------------

Per  share  computations  are  based  upon the weighted average number of common
shares  outstanding  during each year. Common stock equivalents are not included
in  the  computations  since  their  effect  would  be  anti-dilutive.



<PAGE>
ITEM  2.  MANAGEMENT  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
          ----------------------------------------------------------------------
           OF  OPERATIONS
           --------------

BUSINESS  REVIEW

Notice  Regarding  Forward-Looking  Statements
----------------------------------------------

This  report  contains  forward-looking  statements.  The  words,  "anticipate,"
"believe,"  "expect,"  "plan,"  "intend," "estimate," "project," "could," "may,"
"foresee,"  and  similar  expressions  are  intended to identify forward-looking
statements.  These statements include information regarding expected development
of  the Company's business, lending activities, relationship with customers, and
development  in  the oil and gas industry.  Should one or more of these risks or
uncertainties  occur,  or  should underlying assumptions prove incorrect, actual
results  may  vary  materially  and  adversely from those anticipated, believed,
estimated  or  otherwise  indicated.

Computer  Issues  for  the  Year  2000
--------------------------------------

The  Company  is  aware  of  the  issues associated with the programming code in
existing  systems  as  the  millennium  (Year 2000) approaches.  The Company has
examined  the  computer  software  and is confident it will accommodate the Year
2000  issue.  Additionally, the company is contacting its appropriate vendors to
determine  if  they  are  equipped  to  handle  the  Year  2000  issue.

Three  Months  Ended  September  30,  1999  as  compared with Three Months ended
--------------------------------------------------------------------------------
September  30,  1998
--------------------

For the quarter ended Sept 30, 1999 gas revenue was $6,468.  There is no revenue
comparision  for  the  same  period  Sept 30, 1998, due to the fact that Buffalo
Capital  was  a  development  stage  company.

Costs  and  expenses  were  increased  by  $46,420 this quarter due to increased
General  and  Administrative expenses, generally related to moving of the office
and  interest  expense.

The  net loss for this quarter was $222,590 compared to a net loss of $6,424 for
the  same  quarter  in  1998,  (Buffalo  only  for  1998).


<PAGE>
ITEM  2.  MANAGEMENT  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
          ----------------------------------------------------------------------
           OF  OPERATIONS  (Continued)
           --------------

BUSINESS  REVIEW  (continued)

Joint  Venture  Agreement
-------------------------

The Company entered into an agreement on August 2, 1999 with Wespac Technologies
Corporation,  a  private  Texas-based  company,  to  form  Wespac Energy, LLC to
acquire  a  package  of  up  to three properties located in Texas and Louisiana.
Under preliminary purchase terms, Wespac Energy, LLC will acquire properties for
a combined purchase price of approximately $12.5 million, subject to adjustments
at  closing.  Estimated  PV-10  value  of  the  property  reserves are currently
calculated  conservatively  to  be  $24  million.

Under  the  terms  of  the  joint venture, Aladdin Oil Corporation will have the
right  to  purchase  up to 50% of Wespac Energy LLC for a total consideration of
$450,000,  plus  certain  capital  contributions  to  the properties.  Terms for
closing are still being negotiated, and closing is subject to the arrangement of
financing,  among  other  items  which  are  still  subject  to  change.







<PAGE>

                           PART II - OTHER INFORMATION

<PAGE>

                                       13


ITEM  6.     EXHIBITS  AND  REPORTS  ON  FORM  8-K
             -------------------------------------

(b)  Reports  on  Form  8-K:  none  were  filed  for  the  period.


<PAGE>
                                   SIGNATURES




     Pursuant  to  the  requirement  of the Securities Exchange Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.


                        ALADDIN  OIL  CORPORATION
                                    (Registrant)



      November  15,  1999     /s/  Meghan  Robins
                              -------------------
                                   Meghan  Robins
                                   President  and  Chief  Executive  Officer