UNITED
STATES SECURITIES AND EXCHANGE COMMISSION


Washington,
DC 20549





FORM
10-Q





[X]
            Quarterly
      Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934


For the
quarterly period ended October 31, 2009





OR





[   ]           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: 000-52687





Alamo Energy
Corp.


(Exact
name of registrant as specified in its charter)





Nevada


(State of
other jurisdiction of incorporation or organization)





98-0489669


(IRS
Employer Identification Number)





10497 Town and Country Way,
Suite 310, Houston, Texas 77024


(Address
of principal executive offices)





(832)
436-1832


(Registrant's
telephone number, including area code)





Indicate
by check mark whether the issuer (1) has 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 required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days. 
xYes  oNo





Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such files).
Yes No





Indicate
by check mark whether the registrant is a large accelerated file, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the
definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.





Large
      accelerated filer
            o
            
            Accelerated
      filer
            oNon-accelerated
      filer
            o
            (Do
      not check if a smaller reporting company)
            Smaller
      reporting company
            x





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). oYes  xNo





As
of December 10, 2009, there were 1,622,284 shares of the issuer’s $.001 par
value common stock issued and outstanding.


1


TABLE
OF CONTENTS


PART
      I
              FINANCIAL
      INFORMATIONPageItem
      1.
            Financial
      Statements
            3Item
      2.
            Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations
            13Item
      3.
            Quantitative
      and Qualitative Disclosures About Market Risk
            16Item
      4.
            Controls
      and Procedures
            16PART
      II
              OTHER
      INFORMATIONItem
      1.
            Legal
      Proceedings
            16Item
      1A.
            Risk
      Factors
            16Item
      2.
            Unregistered
      Sales of Equity Securities and Use of Proceeds
            16Item
      3.
            Defaults
      Upon Senior Securities
            17Item
      4.
            Submission
      of Matters to Vote of Security Holders
            17Item
      5.
            Other
      Information
            17Item
      6.
            Exhibits
            17





2





PART
I - FINANCIAL INFORMATION





Item 1. Financial
Statements




ALAMO
ENERGY CORP.
 (FORMERLY,
GREEN IRONS HOLDINGS CORPORATION)
 (A
Development Stage Company)
 Balance
Sheets
 
 ASSETS
 October
      31,
              
              
              April
      30,2009
              
              
              2009(Unaudited)CURRENT
      ASSETSCash
              
              $
              31
              
              
              $
              178TOTAL
      ASSETS
              
              $
              31
              
              
              $
              178
 
 
 
 LIABILITIES AND
STOCKHOLDERS’ EQUITY (DEFICIT)
 October
      31,
              
              
              April
      30,2009
              
              
              2009CURRENT
      LIABILITIESAccounts payable
              
              $
              28,292
              
              
              $
              10,475Notes payable– related party (Note 2)
              
              
              29,413
              
              
              
              21,513Total current
      liabilities
              
              
              57,705
              
              
              
              31,988TOTAL
      LIABILITIES
              
              
              57,705
              
              
              
              31,988STOCKHOLDERS’
      EQUITY (DEFICIT)Common stock, $0.001 par value, 100,000,000 sharesauthorized, 5,888,950 and 5,888,950 shares issuedand outstanding, respectively
              
              
              5,889
              
              
              
              5,889Additional paid-in capital
              
              
              116,803
              
              
              
              112,984Deficit accumulated during the development stage
              
              
              (180,366
              )
              
              
              (150,683
              )Total
      stockholders’ equity (deficit)
              
              
              (57,674
              )
              
              
              (31,810
              )TOTAL
      LIABILITIES AND STOCKHOLDERS’ EQUITY(DEFICIT)
              
              $
              31
              
              
              $
              44,813
 
 
 
 
 3
 
 ALAMO
ENERGY CORP.
 (FORMERLY,
GREEN IRONS HOLDINGS CORPORATION)
 (A
Development Stage Company)
 Statements
of Operations
 (Unaudited)
 
 
 From
      Inceptionon
      March 29, 2006For
      the Three Months Ended
              
              
              For
      the Six Months Ended
              
              
              ThroughOctober 31,
              
              
              October 31,
              
              
              October
      31,2009
              
              
              2008
              
              
              2009
              
              
              2008
              
              
              2009EXPENSESProfessional and legalfees
              
              
              14,540
              
              
              
              4,499
              
              
              
              25,310
              
              
              
              19,555
              
              
              
              139,167Salary and wages
              
              
              1,202
              
              
              
              1,202
              
              
              
              2,404
              
              
              
              2,404
              
              
              
              24,439General andadministrative
              
              
              28
              
              
              
              692
              
              
              
              546
              
              
              
              1,879
              
              
              
              7,860Total
      expenses
              
              
              15,770
              
              
              
              6,393
              
              
              
              28,260
              
              
              
              23,838
              
              
              
              171,466OTHER
      EXPENSEInterest expense
              
              
              (749
              )
              
              
              (361
              )
              
              
              (1,423
              )
              
              
              (768
              )
              
              
              (8,900
              )Total
      other expense
              
              
              (749
              )
              
              
              (361
              )
              
              
              (1,423
              )
              
              
              (768
              )
              
              
              (8,900
              )NET
      LOSS
              
              $
              (16,519
              )
              
              $
              (6,754
              )
              
              $
              (29,683
              )
              
              $
              (24,606
              )
              
              $
              (180,366
              )BASIC
      AND FULLYDILUTED LOSSPER SHARE
              
              $
              (0.00
              )
              
              $
              (0.00
              )
              
              $
              (0.01
              )
              
              $
              (0.00
              )WEIGHTED
      AVERAGENUMBER OF SHARESOUTSTANDING
              
              
              5,888,950
              
              
              
              5,888,950
              
              
              
              5,888,950
              
              
              
              5,888,950
 
 
 4
 
  ALAMO
ENERGY CORP.
 (FORMERLY,
GREEN IRONS HOLDINGS CORPORATION)
 (A
Development Stage Company)
 Statements
of Cash Flows
 (Unaudited)
 From
      InceptionFor
      the Six Months Ended
              
              
              on
      March 29,October
      31,
              
              
              2006,
      through2009
              
              
              2008
              
              
              October
      31,CASH
      FLOWS FROM OPERATING ACTIVITIESNet Loss
              
              $
              (29,683
              )
              
              $
              (24,606
              )
              
              $
              (180,366
              )Adjustments
      to reconcile net loss to net cash used by operating
      activities:Interest expense contributed by officer
              
              
              1,415
              
              
              
              767
              
              
              
              8,858Salary expense contributed by officer
              
              
              2,404
              
              
              
              2,404
              
              
              
              24,439Changes in assets and liabilities:Decrease in prepaid assets
              
              
              -
              
              
              
              2,733
              
              
              
              -Increase in accounts payable
              
              
              17,817
              
              
              
              -
              
              
              
              28,292Net cash used by operating activities
              
              
              (8,047
              )
              
              
              (18,702
              )
              
              
              (118,777
              )CASH
      FLOWS FROM INVESTING ACTIVITIES
              
              
              -
              
              
              
              -
              
              
              
              -CASH FLOWS FROM INVESTING ACTIVITIESProceeds from issuance of stock
              
              
              -
              
              
              
              -
              
              
              
              89,395Proceeds from related party notes
              
              
              7,900
              
              
              
              -
              
              
              
              49,413Payments
      on notes payable
              
              
              -
              
              
              
              (20,000
              )
              
              
              (20,000
              )Net cash provided (used) by financing activities
              
              
              7,900
              
              
              
              (20,000
              )
              
              
              118,808INCREASE
      (DECREASE) IN CASH
              
              
              (147
              )
              
              
              (38,702
              )
              
              
              31CASH AT BEGINNING OF PERIOD
              
              
              178
              
              
              
              42,080
              
              
              
              -CASH AT END OF PERIOD
              
              $
              31
              
              
              $
              3,378
              
              
              $
              31SUPPLEMENTAL
      DISCLOSURES OF CASH FLOW INFORMATION:CASH
      PAID FOR:Interest
              
              $
              -
              
              
              $
              -
              
              
              $
              18Income Tax
              
              $
              -
              
              
              $
              -
              
              
              $
              -NON-CASH
      TRANSACTIONS:Interest expense contributed by officer
              
              $
              1,415
              
              
              $
              767
              
              
              $
              8,858Salary expense contributed by officer
              
              $
              2,404
              
              
              $
              2,404
              
              
              $
              24,439
   5
 
 ALAMO
ENGERY CORP.
 (FORMERLY,
GREEN IRONS HOLDINGS CORPORATION)
 (A
Development Stage Company)
 Notes
to the Financial Statements
 October
31, 2009
 (Unaudited)
 
 NOTE 1
-        NATURE OF OPERATIONS AND BASIS
OF PRESENTATION
 
 Alamo
Energy Corp. (the Company) was incorporated under the laws of the State of
Nevada on March 29, 2006 under the name “Green Irons Holdings Corporation” to
conduct business in the golfing industry.  On November 18, 2009,
pursuant to its asset purchase and reverse acquisition with Alamo Oil Limited
(Alamo Oil), the Company filed amended and restated articles and changed its
name to “Alamo Energy Corp”.
 
 The
financial statements presented are those of Green Irons Holdings Corporation
(Green Irons) since they are entirely for periods prior to the asset purchase
and reverse acquisition of Alamo Oil. The unaudited financial statements
included herein have been prepared in accordance with accounting principles
generally accepted in the United States for interim financial information and
with the instructions to Form 10-Q and Article 8 of Regulation S-X. They do not
include all information and notes required by generally accepted accounting
principles for complete financial statements. However, except as disclosed
herein, there has been no material changes in the information disclosed in the
notes to the financial statements included in the Company’s report on Form 10-K
of Green Irons for the fiscal year ended April 30, 2009. In the opinion of
management, all adjustments (including normal recurring accruals) considered
necessary for a fair presentation have been included. Operating results for the
three and six months ended October 31, 2009 are not necessarily indicative of
the results that may be expected for any other interim period or the entire
year. For further information, these unaudited financial statements and the
related notes should be read in conjunction with the Company’s audited financial
statements for the fiscal year ended April 30, 2009 included in the Company’s
report on Form 10-K.
 
 The
Company is currently a development stage company under the provisions of ASC
915, “Development Stage
Entities”. For the six months ended October 31, 2009, the Company
produced no revenues and will continue to report as a development stage company
until significant revenues are produced.
 
 NOTE 2
-        SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES
 
 Use of
Estimates
 
 The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements, and the reported amounts of revenues and expenses
during the reported periods.  Actual results could materially differ
from those estimates.
 
 
  6
  ALAMO
ENGERY CORP.
 (FORMERLY,
GREEN IRONS HOLDINGS CORPORATION)
 (A
Development Stage Company)
 Notes
to the Financial Statements
 October
31, 2009
 (Unaudited)
 
 NOTE 2
-        SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES (CONTINUED)
 
 Recent Accounting
Pronouncements
 
 On August
1, 2009, the Company adopted the Financial Accounting Standards Board (FASB)
Accounting Standards Codification (ASC) 105-10, “Generally Accepted Accounting
Principles – Overall” (ASC 105-10). ASC 105-10 establishes the FASB
Accounting Standards Codification (the Codification) as the source of
authoritative accounting principles recognized by the FASB to be applied by
nongovernmental entities in the preparation of financial statements in
conformity with accounting principles generally accepted in the United States of
America (GAAP). Rules and interpretive releases of the Securities and Exchange
Commission (SEC) under authority of federal securities laws are also sources of
authoritative GAAP for SEC registrants. All guidance contained in the
Codification carries an equal level of authority. The Codification superseded
all existing non-SEC accounting and reporting standards. All other
non-grandfathered, non-SEC accounting literature not included in the
Codification is non-authoritative. The FASB will not issue new standards in the
form of Statements, FASB Staff Positions or Emerging Issues Task Force
Abstracts. Instead, it will issue Accounting Standards Updates (ASU). The FASB
will not consider an ASU as authoritative in its own right.  An ASU
will serve only to update the Codification, provide background information about
the guidance and provide the bases for conclusions on the change(s) in the
Codification.  ASC 105 is effective for financial statements issued
for interim and annual periods ending after September 15, 2009.
 
 On May 1,
2009, the Company adopted ASC 825-10-65, “Financial Instruments – Overall –
Transition and Open Effective Date Information” (ASC 825-10-65). ASC
825-10-65 amends ASC 825-10 to require disclosures about fair value of financial
instruments in interim financial statements as well as in annual financial
statements and also amends ASC 270-10 to require those disclosures in all
interim financial statements. The adoption of ASC 825-10-65 did not have a
material impact on the Company’s results of operations or financial
condition.
 
 On May 1,
2009, the Company adopted ASC 855, “Subsequent Events” (ASC 855).
ASC 855 establishes general standards of accounting for and disclosure of events
that occur after the balance sheet date but before financial statements are
issued or are available to be issued. It requires the disclosure of the date
through which an entity has evaluated subsequent events and the basis for that
date – that is, whether that date represents the date the financial statements
were issued or were available to be issued. This disclosure should alert all
users of financial statements that an entity has not evaluated subsequent events
after that date in the set of financial statements being presented. The adoption
of ASC 855 did not have a material impact on the Company’s results of operations
or financial condition.
  7
  ALAMO
ENGERY CORP.
 (FORMERLY,
GREEN IRONS HOLDINGS CORPORATION)
 (A
Development Stage Company)
 Notes
to the Financial Statements
 October
31, 2009
 (Unaudited)
 
 NOTE 2
-        SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (CONTINUED)
 
 On July
1, 2009, the Company adopted ASU No. 2009-05, “Fair Value Measurements and
Disclosures” (ASC 820) (ASU 2009-05). ASU 2009-05 provided amendments to
ASC 820-10, “Fair Value
Measurements and Disclosures – Overall”, for the fair value measurement
of liabilities. ASU 2009-05 provides clarification that in circumstances in
which a quoted price in an active market for the identical liability is not
available, a reporting entity is required to measure fair value using certain
techniques. ASU 2009-05 also clarifies that when estimating the fair value of a
liability, a reporting entity is not required to include a separate input or
adjustment to other inputs relating to the existence of a restriction that
prevents the transfer of a liability. ASU 2009-05 also clarifies that both a
quoted price in an active market for the identical liability at the measurement
date and the quoted price for the identical liability when traded as an asset in
an active market when no adjustments to the quoted price of the asset are
required are Level 1 fair value measurements. The adoption of ASU 2009-05 did
not have a material impact on the Company’s results of operations or financial
condition.
 
 In
October 2009, the FASB issued ASU 2009-13, “Multiple-Deliverable Revenue
Arrangements”, (amendments to ASC 605, Revenue Recognition) (ASU
2009-13).  ASU 2009-13 requires entities to allocate revenue in an
arrangement using estimated selling prices of the delivered goods and services
based on a selling price hierarchy. The amendments eliminate the residual method
of revenue allocation and require revenue to be allocated using the relative
selling price method.  ASU 2009-13 should be applied on a prospective
basis for revenue arrangements entered into or materially modified in fiscal
years beginning on or after June 15, 2010, with early adoption permitted. The
Company does not expect adoption of ASU 2009-13 to have a material impact on the
Company’s results of operations or financial condition.
 
 NOTE 3
-        GOING CONCERN
 
 These
financial statements are prepared using accounting principles generally accepted
in the United States of America applicable to a going concern that contemplates
the realization of assets and liquidation of liabilities in the normal course of
business.  However, Green Irons does not have significant cash or
other material assets, nor does it have an established source of revenues
sufficient to cover its operating costs.  Additionally, Green Irons
has accumulated significant losses and an accumulated deficit during its
development stage.
 
 As
discussed in Note 5, on November 18, 2009, the Company completed an asset
purchase of Alamo Oil to enter the oil and gas business and to obtain some
additional financing for future operating activities.  However, there
is no assurance that sufficient additional debt or equity financing will be
achieved so that profitable operations can be attained.
 
 All of
these items raise substantial doubt about its ability to continue as a going
concern.  The accompanying financial statements do not include any
adjustments that might be necessary if the Company is unable to continue as a
going concern.
  8
  ALAMO
ENGERY CORP.
 (FORMERLY,
GREEN IRONS HOLDINGS CORPORATION)
 (A
Development Stage Company)
 Notes
to the Financial Statements
 October
31, 2009
 (Unaudited)
 
 NOTE 4
-        RELATED PARTY
TRANSACTIONS
 
 Salaries and
Wages
 
 Mr. Sandy McDougall, president and
chief executive officer contributed $2,404 in imputed wages to capital, which
represents an annual salary based on 200 hours worked per year at 50,000 per
year.
 
 Notes Payable – Related
Party
 
 As of
October 31, 2009, the Company had notes payable to a former officer, Andrew
Couvell, totaling $34,413.  During May 2008, Green Irons repaid Mr.
Couvell $20,000, leaving a balance of $14,413 at October 31, 2009.
 
 As of
October 31, 2009, the Company also had notes payable to the sole officer and
director, Sandy McDougall, totaling $15,000.  The notes are unsecured,
due upon demand and have been imputing interest at the rate of 10% per
annum.  For the periods ended October 31, 2009 and 2008, the former
officer and the director elected to contribute all of the $1,415 and $767,
respectively, of imputed interest to additional paid-in capital.
 
 NOTE 5
-        SUBSEQUENT EVENTS
 
 The
following is a summary of subsequent events evaluated through December 14, 2009,
the date these financial statements were issued.
 
 Asset
Purchase and Sale Agreement
 
 On
November 18, 2009 (the Closing Date), Green Irons completed an Asset Purchase
and Sale Agreement (the Asset Purchase Agreement) with Alamo Oil Limited, a UK
corporation (Alamo Oil).  At the time of the Asset Purchase Agreement,
Green Irons owned one hundred percent (100%) of a newly created Nevada
corporation called Alamo Energy Corp., which had no operations or assets (Alamo
Sub). Following the closing of the Asset Purchase Agreement and pursuant to the
Plan of Merger (the Merger), effective as of November 19, 2009, Alamo Sub merged
into Green Irons, resulting in Green Irons changing its name to Alamo Energy
Corp.  Alamo Oil became a stockholder of the Company holding 350,000
shares of our common stock.  Immediately following the consummation of
the Asset Purchase Agreement and the Repurchase Agreement, we had an aggregate
of 1,622,284 shares of common stock actually issued. As a result of the Asset
Purchase, Alamo Oil now holds approximately 22% of the Company’s outstanding
shares of common stock.
 
  9
  ALAMO
ENGERY CORP.
 (FORMERLY,
GREEN IRONS HOLDINGS CORPORATION)
 (A
Development Stage Company)
 Notes
to the Financial Statements
 October
31, 2009
 (Unaudited)
 
 NOTE 5
-        SUBSEQUENT EVENTS
(CONTINUED)
 
 Stock
Repurchase and Debt Forgiveness Agreement
 
 Simultaneously
on the Closing Date, Green Irons’ Principal Executive, Financial and Accounting
Officer, Mr. Sandy McDougall resigned and entered into a Stock Repurchase and
Debt Forgiveness Agreement (the Repurchase Agreement) with Green Irons, pursuant
to which the Green Irons and Mr. McDougall agreed to cancel 4,616,666 shares of
common stock held by Mr. McDougall in exchange for $61,073. Mr. McDougall also
agreed to forgive any debt due to him by the Company.
 
 As a
result of the above transactions on November 18, 2009, the Company acquired all
of the assets of Alamo Oil in exchange for 350,000 shares of the Company’s
common stock.  Due to the significance of the assets acquired for
accounting purposes, the Asset Purchase Agreement will be treated as an
acquisition of the Company (Green Irons/Alamo Energy) by Alamo Oil and as a
recapitalization of Alamo Oil.  The unaudited pro forma information
giving effect to the acquisition for the period presented is as
follows:
 
 (UNAUDITED)
              
              Green
      Irons
              
              
              Alamo
      Oil
              
              
              Proforma
                Adjustments
              
              
              Proforma
                AmountBALANCE
      SHEET
              
              
              
              
              
              
              
              Inc./(Dec.)October
      31, 2009AssetsCash
              
              $
              31
              
              
              $
              90,541
              
              
              $
              (61,073
              )
              
              $
              29,499
              
              (a)Oil
      and gas properties
              
              
              -
              
              
              
              300,000
              
              
              
              -
              
              
              
              300,000Total
      Assets
              
              
              31
              
              
              
              390,541
              
              
              
              
              
              
              
              329,499Liabilities
      and EquityLiabilitiesAccounts
      payable  andaccrued
      expenses
              
              
              28,292
              
              
              
              23,365
              
              
              
              
              
              
              
              51,657Note
      payable
              
              
              -
              
              
              
              110,000
              
              
              
              -
              
              
              
              110,000Note
      payable, relatedparty
              
              
              29,413
              
              
              
              -
              
              
              
              (29,413
              )
              
              
              -
              
              (a)Total
      Liabilities
              
              
              57,705
              
              
              
              133,365
              
              
              
              
              
              
              
              161,657EquityCommon
      stock,
              
              
              5,889
              
              
              
              2
              
              
              
              (4,617 )
              
              
              
              1,622
              
              (a)$0.001
      par value,
              
              
              
              
              
              
              
              
              
              
              350
              
              
              
              
              
              (b)100,000,000
      authorized
              
              
              
              
              
              
              
              
              
              
              (2
              )
              
              
              
              
              (c)Additional
      paid-incapital
              
              
              116,803
              
              
              
              300,350
              
              
              
              (207,757
              )
              
              
              209,396
              
              (a),
      (b),(c)Accumulated
      deficit
              
              
              (180,366
              )
              
              
              (43,176
              )
              
              
              180,366
              
              
              
              (43,176
              )
              (c)Total
      Equity
              
              
              (57,674
              )
              
              
              257,176
              
              
              
              
              
              
              
              167,842Total
      Liabilities andEquity
              
              $
              31
              
              
              $
              390,541
              
              
              
              
              
              
              $
              329,499
 
  10
  ALAMO
ENGERY CORP.
 (FORMERLY,
GREEN IRONS HOLDINGS CORPORATION)
 (A
Development Stage Company)
 Notes
to the Financial Statements
 October
31, 2009
 (Unaudited)
 
 NOTE 5
-        SUBSEQUENT EVENTS
(CONTINUED)
 
 (UNAUDITED)
              
              Green
      Irons
              
              
              Alamo
      Oil
              
              
              Proforma
      Adjustments
              
              
              Proforma
      AmountSTATEMENTS
      OFOPERATIONS
              
              
              
              
              
              
              
              Inc./(Dec.)Six
      Months Ended
                October
      31, 2009Operating
      ExpensesProfessional
      and legalfees
              
              $
              25,310
              
              
              $
              42,660
              
              
              $
              (25,310
              )
              
              $
              42,660
              
              (c)Salary
      and wages
              
              
              2,404
              
              
              
              -
              
              
              
              (2,404
              )
              
              
              -
              
              (c)General
      andadministrative
              
              
              546
              
              
              
              514
              
              
              
              (546
              )
              
              
              514
              
              (c)Total
      OperatingExpenses
              
              
              28,260
              
              
              
              43,174
              
              
              
              -
              
              
              
              43,174Other
      expense
              
              
              1,423
              
              
              
              2
              
              
              
              (1,423
              )
              
              
              2
              
              (c)Net
      Loss
              
              $
              (29,683
              )
              
              $
              (43,176
              )
              
              
              
              
              
              $
              (43,176
              )Basic
      and diluted lossper
      share
              
              $
              (0.01
              )
              
              $
              (43,176
              )
              
              
              
              
              
              $
              (0.03
              )Weighted
      averageshares
      outstanding
              
              
              5,888,950
              
              
              
              1
              
              
              
              
              
              
              
              1,622,284
 Proforma
Notes:
 
 (a)
      -
              To
      record the stock repurchase and debt forgiveness of Mr. Dougall’s
      4,616,666 shares and related party note in exchange for
      $61,073.
 (b)
      -
              To
      record the issuance of 350,000 shares of common stock for the purchase of
      the assets of Alamo Oil.
 (c)
      -
              To
      eliminate the shares of Alamo Oil (the accounting acquirer) and the
      historical financial information of Green Irons (the accounting acquiree)
      to denote the recapitalization and results of operations of Alamo Oil. For
      more information regarding the business and operations of Alamo Oil,
      please read our Current Report on Form 8-K, dated November 18, 2009, and
      filed on November 24, 2009.
 
 Note
and Warrant Purchase Agreement
 
 In
connection with the Asset Purchase Agreement, on November 18, 2009, Green Irons
entered into a Note and Warrant Purchase Agreement with one investor pursuant to
which the investor agreed to lend up to Two Million Dollars ($2,000,000) to us
in multiple installments in exchange for a senior secured convertible promissory
note (Note) with a conversion price of $0.50 per share and three-year warrants
to acquire shares of common stock at an exercise price of $1.00 per share (the
Warrants) in the amount of each installment. The first installment of Three
Hundred Thirty Four Thousand Nine Hundred Five Dollars ($334,905) (First
Installment) was delivered on the Closing Date and Green Irons issued 334,905
Warrants to the investor in connection with the First Installment. The Note and
Warrant Purchase Agreement provides that the investor will lend additional
installments to the Company in amounts as requested by the Company; provided
however, that the Company provide the proposed use of proceeds for each
requested amount.
 
 11
 
 ALAMO
ENGERY CORP.
 (FORMERLY,
GREEN IRONS HOLDINGS CORPORATION)
 (A
Development Stage Company)
 Notes
to the Financial Statements
 October
31, 2009
 (Unaudited)
 
 NOTE 5
-         SUBSEQUENT EVENTS
(CONTINUED)
 
 Post-delivery
of the First Installment and prior to any future installments, the Company
intends to effectuate a thirty-for-one split (the “Stock Split”) of the
authorized number of shares of its common stock and all of its then-issued and
outstanding common stock, par value $0.001 per share. The Note and Warrant
Purchase Agreement provides that the Note and Warrants issued in exchange for
the First Installment will not be affected by the Stock Split and any future
installments shall be treated on a post-Stock Split basis.
 
 In
connection with the Note and Warrant Agreement, Green Irons also entered into a
registration rights and security agreement with the investor (the Registration
Rights Agreement and the Security Agreement).  Under the Registration
Rights Agreement, the Company is obligated to register for resale an aggregate
of 1,004,715 shares of common stock, all of which underlie the Note and the
Warrants under the Securities Act.  Under the Security Agreement, the
Company is also obligated for timely payment and performance.
 
 In
addition, the investor required our officers and directors to enter into lock-up
and vesting agreements pursuant to which such holders’ shares are subject to
vesting and are not permitted to dispose of any of their securities for a period
of one year.
 
 Employment
Agreements
 
 On
November 19, 2009, Green Irons entered into an executive employment agreement
with Allan Millmaker (“Millmaker Agreement”).  Under the terms of the
Millmaker Agreement, Mr. Millmaker has agreed to serve as President and Chief
Executive Officer for a period of three years.  The Millmaker
Agreement provides for an initial base salary of $6,000 per month. The base
salary amount shall increase by One Thousand Dollars ($1,000) after the last day
of each of our fiscal quarters during the first fiscal year of the Millmaker
Agreement.  Mr. Millmaker is also eligible to participate in
benefit and incentive programs we may offer.
 
 On
November 19, 2009, Green Irons entered into an executive employment agreement
with Philip Mann (“Mann Agreement”).  Under the terms of the Mann
Agreement, Mr. Mann has agreed to serve as Chief Financial Officer and Secretary
for a period of three years.  The Mann Agreement provides for an
initial base salary of $4,000 per month. The base salary amount shall increase
by Five Hundred Dollars ($500) after the last day of each of our fiscal quarters
during the first fiscal year of the Mann Agreement.  Mr. Mann is
also eligible to participate in benefit and incentive programs we may offer.
  Forward Split
   
 
 
  12
   Item 2.Management’s
Discussions and Analysis of Financial Condition and Results of
Operations.





Forward-looking
Statements





The
following discussion and analysis should be read in conjunction with our
unaudited condensed consolidated financial statements for the six months ended
October 31, 2009 and the related notes and the other financial information
included elsewhere in this report. This report and our financial statements and
notes to financial statements contain forward-looking statements, which
generally include the plans and objectives of management for future operations,
including plans and objectives relating to our future economic performance and
our current beliefs regarding revenues we might generate and profits we might
earn if we are successful in implementing our business strategies. Our actual
results could differ materially from those expressed in these forward-looking
statements as a result of any number of factors, including those set forth under
the “Risk Factors” section of our Current Report on Form 8-K for
November 18, 2009 filed with the SEC on November 24, 2009, and
elsewhere in this report. The forward-looking statements and associated risks
may include, relate to or be qualified by other important factors, including,
without limitation:





·
            the
      projected growth or contraction in the industries within which we
      operate;


·
            our
      business strategy for expanding, maintaining or contracting our presence
      in these markets;


·
            anticipated
      trends in our financial condition and results of operations;
      and


·
            our
      ability to distinguish ourselves from our current and future
      competitors.





We do not
undertake to update, revise or correct any forward-looking
statements.





Any of
the factors described above, elsewhere in this report or in the “Risk Factors”
section of our Current Report on Form 8-K for November 18, 2009 filed with
the SEC on November 24, 2009, could cause our financial results, including
our net income or loss or growth in net income or loss to differ materially from
prior results, which in turn could, among other things, cause the price of our
common stock to fluctuate substantially.





Critical Accounting Policy and
Estimates.Our Management’s Discussion and Analysis of Financial
Condition and Results of Operations section discusses our financial statements,
which have been prepared in accordance with accounting principles generally
accepted in the United States of America. The preparation of these financial
statements requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. On an on-going basis, management evaluates its estimates and
judgments, including those related to revenue recognition, accrued expenses,
financing operations, and contingencies and litigation. Management bases its
estimates and judgments on historical experience and on various other factors
that are believed to be reasonable under the circumstances, the results of which
form the basis for making judgments about the carrying value of assets and
liabilities that are not readily apparent from other sources. Actual results may
differ from these estimates under different assumptions or conditions. The most
significant accounting estimates inherent in the preparation of our financial
statements include estimates as to the appropriate carrying value of certain
assets and liabilities which are not readily apparent from other sources. In
addition, our accounting policies are described at relevant sections in this
discussion and analysis and in the notes to the financial statements included in
this Quarterly Report on Form 10-Q for the period ended October 31,
2009.





The
following discussion of our financial condition and results of operations should
be read in conjunction with our financial statements for the period ended
October 31, 2009, together with notes thereto.





Overview





We were
incorporated in the State of Nevada on March 29, 2006 as Green Irons Holdings
Corp. to conduct a business in the golfing industry. On November 18, 2009, we
completed the purchase of certain oil and gas assets (the “Asset Purchase
Transaction”) contemplated by an Asset Purchase and Sale Agreement with Alamo
Oil Limited, a United Kingdom corporation (“Alamo Oil”). As a result of the
Asset Purchase Transaction, we changed management, entered the oil and gas
business, and ceased all activity in our former business. We are focused to
exploration, acquisition, development, production and sale of natural gas, crude
oil and natural gas liquids primarily from conventional reservoirs within North
America. We have not undergone bankruptcy, receivership, or any similar
proceeding.





13





Asset
Purchase Transaction




In
connection with the Asset Purchase Transaction, Alamo Oil was issued 350,000
shares of our common stock. In addition, we also entered into a Stock Repurchase
and Debt Forgiveness Agreement (the “Repurchase Agreement”) with Sandy
McDougall, our former officer and director, pursuant to which Mr. McDougall
agreed to cancel 4,616,666 shares of common stock held by Mr. McDougall in
exchange for US$61,073.00. Mr. McDougall also agreed to forgive any debt due to
him by the company. Immediately following the consummation of the Asset Purchase
Transaction and the Repurchase Agreement, we had an aggregate of 1,622,284
shares of common stock actually issued. As a result of the Asset Purchase
Transaction and Repurchase Agreement, Alamo Oil holds approximately 22% of our
outstanding shares of common stock.





For the three months ended
October 31, 2009, as compared to the three months ended October 31,
2008.





Results
of Operations





Revenues.We had no revenues
for the three months ended October 31, 2009, as compared to no revenues
generated during the three months ended October 31,
2008.





Operating Expenses.For the
three months ended October 31, 2009, our total operating expenses were $15,770,
as compared to total operating expenses of $6,393 for the three months ended
October 31, 2008. The increase in total operating expenses is primarily due to
the increase in professional fees, which increased from $4,499 for the three
months ended October 31, 2008 to $14,540 for the three months ended October 31,
2009.





Net Loss.For the
three months ended October 31, 2009, our net loss was $16,519 after interest
expense of $749.  This is in comparison to the three months ended
October 31, 2008, where our net loss was $6,754 after interest expense of
$361.  The increase in our net loss between the two periods was due to
the increase in professional fees incurred for the three months ended October
31, 2009, as discussed above.





For the six months ended
October 31, 2009, as compared to the six months ended October 31,
2008.





Results
of Operations





Revenues.We had no revenues
for the six months ended October 31, 2009, as compared to no revenues generated
during the six months ended October 31, 2008.





Operating Expenses.For the
six months ended October 31, 2009, our total operating expenses were $28,260, as
compared to total operating expenses of $23,838 for the six months ended October
31, 2008. The increase in total operating expenses is primarily due to the
increase in professional fees, which increased from $19,555 for the six months
ended October 31, 2008 to $25,310 for the six months ended October 31,
2009.





Net Loss.For the
six months ended October 31, 2009, our net loss was $29,683 after interest
expense of $1,423.  By comparison, for the six months ended October
31, 2008, our net loss was $24,606 after interest expense of
$768.  The increase in our net loss between the two periods was due to
the increase in professional fees incurred for the
three months ended on October 31, 2009, as discussed above.





14





Financial
Condition, Liquidity and Capital Resources





We had
cash of $31 as of October 31, 2009, and no total other assets as of that date.
Our total liabilities were $57,705 as of October 31, 2009, which was represented
by accounts payable of $28,292 and a note payable of $29,413.  We had
no other liabilities and no long term commitments or contingencies as of October
31, 2009.





During
2010, we expect thatthe legal and accounting costs of being a public companywill continue to impact
our liquidity.Other than the anticipated increases in legal and
accounting costs due to the reporting requirements of being a reporting company,
we are not aware of any other known trends, events or uncertainties, which may
affect our future liquidity.





In
connection with the Asset Purchase, on November 18, 2009, we entered into a Note
and Warrant Purchase Agreement with one investor pursuant to which the investor
agreed to lend up to Two Million Dollars ($2,000,000) to us in multiple
installments in exchange for a senior secured convertible promissory note
(“Note”) with a conversion price of $0.50 per share and three-year warrants to
acquire shares of common stock at an exercise price of $1.00 per share (the
“Warrants”) in the amount of each installment. The first installment of Three
Hundred Thirty Four Thousand Nine Hundred Five Dollars ($334,905) (“First
Installment”) was delivered on the Closing Date and we issued 334,905 Warrants
to the in connection with the First Installment. The Note and Warrant Purchase
Agreement provides that the investor will lend additional installments to us in
amounts as requested by us; provided however, that we provide the proposed use
of proceeds for each requested amount. Each proposed use of proceeds for each
requested amount shall specify that the majority of the proceeds shall be used
for the acquisition of low risk oil and gas rights in geographic regions with
stable governments. The investor shall have sole discretion in determining
whether the proposed use of proceeds meets those requirements. We are obligated
to register the shares of common stock underlying the Note and the shares of
common stock underlying the Warrants for resale.   The issuance
was made pursuant to Regulation S promulgated by the SEC.  We also
entered security agreement with the investor tosecure
the timely payment and performance in full of our obligations pursuant to the
Note.Post-delivery
of the First Installment and prior to any future installments, we intend to
effectuate a thirty-for-one split (the “Stock Split”) of the authorized number
of shares of its common stock and all of its then-issued and outstanding common
stock, par value $0.001 per share. The Note and Warrant Purchase Agreement
provides that the Note and Warrants issued in exchange for the First Installment
will not be affected by the Stock Split and any future installments shall be
treated on a post-Stock Split basis.





We have
been, and currently are, working toward identifying and obtaining new sources of
financing. No assurances can be given that we will be successful in obtaining
additional financing in the future.  Any future financing that we may
obtain may cause significant dilution to existing stockholders. Any debt
financing or other financing of securities senior to common stock that we are
able to obtain will likely include financial and other covenants that will
restrict our flexibility. At a minimum, we expect these covenants to include
restrictions on our ability to pay dividends on our common stock. Any failure to
comply with these covenants would have a material adverse effect on our
business, prospects, financial condition, results of operations and cash
flows.





If
adequate funds are not available, we may be required to delay, scale back or
eliminate portions of our operations and product and service development efforts
or to obtain funds through arrangements with strategic partners or others that
may require us to relinquish rights to certain of our assets. Accordingly, the
inability to obtain such financing could result in a significant loss of
ownership and/or control of our assets and could also adversely affect our
ability to fund our continued operations and our product and service development
efforts.





We are
not currently conducting any research and development activities.  We
do not anticipate conducting such activities in the near future. In the event
that we expand our operations, then we may need to hire additional employees or
independent contractors as well as purchase or lease additional equipment. Our
management believes that we do not require the services of independent
contractors to operate at our current level of activity.  However, if
our level of operations increases beyond the level that our current staff can
provide, then we may need to supplement our staff in this manner.





Off-Balance Sheet Arrangements.We have no off-balance sheet arrangements.




15





Item
3.  Quantitative and Qualitative Disclosures about Market
Risk





Not
Applicable.





Item 4.  Controls
and Procedures





Not
applicable.





Item 4T.  Controls
and Procedures





Evaluation
of disclosure controls and procedures





We
conducted an evaluation under the supervision and with the participation of our
management, including our Chief Executive Officer and Chief Financial Officer,
of the effectiveness of the design and operation of our disclosure controls and
procedures.  The term “disclosure controls and procedures,” as defined
in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as
amended, means controls and other procedures of a company that are designed to
ensure that information required to be disclosed by the company in the reports
it files or submits under the Exchange Act is recorded, processed, summarized
and reported, within the time periods specified in SEC’s rules and
forms.  Disclosure controls and procedures also include, without
limitation, controls and procedures designed to ensure that information required
to be disclosed by a company in the reports that it files or submits under the
Exchange Act is accumulated and communicated to the company’s management,
including its principal executive and principal financial officers, or persons
performing similar functions, as appropriate, to allow timely decisions
regarding required disclosure.  Based on this evaluation, our Chief
Executive Officer and Chief Financial Officer concluded as of October 31, 2009,
that our disclosure controls and procedures were effective at the reasonable
assurance level.





Changes
in internal control over financial reporting





There was
no change during our most recently completed fiscal quarter that has materially
affected or is reasonably likely to materially affect, our internal control over
financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the
Exchange Act.





PART
II - OTHER INFORMATION





Item 1. Legal
Proceedings.





We are
not party to any legal proceedings.





Item 1A. Risk
Factors.





In
addition to the other information set forth in this report, you should carefully
consider the factors discussed under “Risk Factors” in our Current Report on
Form 8-K for November 18, 2009 filed with the SEC on November 24,
2009, which could materially affect our business, financial condition and
results of operations.  The risks described in our Current Report on
Form 8-K for November 18, 2009 filed with the SEC on November 24,
2009, are not the only risks we face. Additional risks and uncertainties not
currently known to us or that we currently deem to be immaterial also may
materially adversely affect our business, financial condition and results of
operations.





Item 2. Unregistered Sales
of Equity Securities and Use of Proceeds.





Reference
is made to the disclosures in Item 3.02 of our Current Report on Form 8- K for
November 18, 2009 filed with the SEC on November 24,
2009.





16




Item 3.  Defaults
Upon Senior Securities





None.





Item
4.  Submission of Matters to Vote of Security
Holders





None.





Item 5.  Other
Information





On
November 25, 2009, our Board of Directors authorized a 30 for 1 forwardstock split
(“Forward Split”) of our issued and outstanding common stock. The record date
for the Forward Split was December 10, 2009.  Prior to the Forward
Split, there are 1,622,284shares issued and
outstanding. Following the Forward Split, there are approximately 48,668,520
shares issued and outstanding. Our common stock will continue to be $.001 par
value.  Fractional shares will be rounded upward. The Forward
Split is payable upon surrender of existing certificates to our transfer agent,
Island Stock Transfer. In connection with the Forward Split, on December 15,
2009, we filed a Certificate of Change with the State of Nevada to effect the
Split of our authorized and outstanding shares of common stock. The Certificate
of Change has an effective date of December 16, 2009 and provides that our
authorized number of shares of common stock increases from 100,000,000 to
3,000,000,000. A copy of the Certificate of Change as filed with the Secretary
of State of Nevada is attached hereto as Exhibit 3.1.
 
 As
previously disclosed in our Current Report on Form 8-K, which was filed with the
Commission on November 24, 2009, we changed our name to Alamo Energy Corp.
pursuant to the Articles of Merger filed with the Secretary of State of Nevada
on November 19, 2009 (“Name Change”).
 
 As a
result of the Split and the Name Change, our CUSIP Number changed. Our new CUSIP
Number is 011295 102.
 
 Effective
December 16, 2009, our common stock will be eligible for quotation on the Over
the Counter Bulletin Board under the new ticker symbol “ALME”, which reflects
the Forward Split and the Name Change.
  Item
6.  Exhibits





3.1
            Certificate
      of Change31.1
            Certification
      of Principal Executive Officer, pursuant to Rule 13a-14 and 15d-14 of
      the Securities Exchange Act of 193431.2
            Certification
      of Principal Financial Officer, pursuant to Rule 13a-14 and 15d-14 of
      the Securities Exchange Act of 193432.1
            Certification
      of Principal 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 Principal Financial Officer, pursuant to 18 U.S.C. Section 1350,
      as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
      2002











17





SIGNATURES





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








Alamo
      Energy Corp.,
              a
      Nevada corporationDecember
      15, 2009
            By:
            /s/
      Allan MillmakerIts:
            Allan
      Millmaker
              Chief
      Executive Officer,
              President,
      Director
              (Principal
      Executive Officer)





18