----

----

| [ X ]  | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|-----------------------------------------------------------------------------------|
|   | For the quarterly period ended July 31, 2012                                      |

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

| Nevada(State or other jurisdictionof incorporation or organization) |   | 98-0489669 (IRS EmployerIdentification No.) |
|---------------------------------------------------------------------|--------|--------------------------------------------------|

| 10575 Katy Freeway, Suite 300, Houston, Texas 77024 |
|-----------------------------------------------------|
| (Address of principal executive offices) (Zip Code) |

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

----

|                        |                                                                                        |
|-----------------------------|---------------------------------------------------------------------------------------------|
| PART IFINANCIAL INFORMATION |
|                        |                                                                                        | Page |
| Item 1.                     | Financial Statements                                                                        | 3 |
| Item 2.                     | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 17 |
| Item 3.                     | Quantitative and Qualitative Disclosures About Market Risk                                  | 20 |
| Item 4.                     | Controls and Procedures                                                                     | 20 |
|                        |                                                                                        |   |
| PART IIOTHER INFORMATION    |
|                        |                                                                                        |   |
| Item 1.                     | Legal Proceedings                                                                           | 20 |
| Item 1A.                    | Risk Factors                                                                                | 20 |
| Item 2.                     | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 20 |
| Item 3.                     | Defaults Upon Senior Securities                                                             | 21 |
| Item 4.                     | Mine Safety Disclosure                                                                      | 21 |
| Item 5.                     | Other Information                                                                           | 21 |
| Item 6.                     | Exhibits                                                                                    | 21 |

----

Item 1. Financial Statements.

|                                                                                                                                                                                                                                |                     |   |          |           |   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------|--------|---------------|----------------|--------|--------|
|                                                                                                                                                                                                                                | July 31, 2012(Unaudited) |   |          | April 30, 2012 |   |
| Current assets:                                                                                                                                                                                                                     |                     |   |          |           |   |   |
|     Cash and cash equivalents                                                                                                                                                                                        |                     | $      | -             |           |   | $      | 80,903 |   |
|     Accounts receivable                                                                                                                                                                                              |                     |   | 48,517        |           |   |   | 49,220 |   |
|     Other receivable                                                                                                                                                                                                 |                     |   | 226,796  |           |   |   |  - |   |
|     Total current assets                                                                                                                                                                                        |                     |   | 275,313       |           |   |   | 130,123 |   |
|                                                                                                                                                                                                                                |                     |   |          |           |   |   |   |   |
| Oil and gas properties                                                                                                                                                                                                              |                     |   |          |           |   |   |   |   |
|     Proved                                                                                                                                                                                                           |                     |   | 1,983,105     |           |   |   | 1,983,105 |   |
|     Unproved                                                                                                                                                                                                         |                     |   | 3,322,158     |           |   |   | 3,322,158 |   |
| Property, plant and equipment                                                                                                                                                                                                       |                     |   |          |           |   |   |   |   |
|     Well machinery and equipment                                                                                                                                                                                     |                     |   | 1,640,125     |           |   |   | 1,755,472 |   |
|     Furniture, fixtures and other                                                                                                                                                                                    |                     |   | 283,019       |           |   |   | 279,070 |   |
| Less: accumulated depletion, depreciation and amortization                                                                                                                                                                     |                     |   | (427,925      | )         |   |   | (348,686 | )  |
|     Net oil and gas properties, plant and equipment                                                                                                                                                             |                     |   | 6,800,482     |           |   |   | 6,991,119 |   |
|                                                                                                                                                                                                                                |                     |   |          |           |   |   |   |   |
| Goodwill                                                                                                                                                                                                                            |                     |   | 1,394,215     |           |   |   | 1,394,215 |   |
|                                                                                                                                                                                                                                |                     |   |          |           |   |   |   |   |
| Total assets                                                                                                                                                                                                                        |                     | $      | 8,470,010     |           |   | $      | 8,515,457 |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                                          |
| Current liabilities:                                                                                                                                                                                                                |                     |   |          |           |   |   |   |   |
|     Accounts payable                                                                                                                                                                                                 |                     | $      | 19,032        |           |   | $      | 4,024 |   |
|     Accrued liabilities                                                                                                                                                                                              |                     |   | 679,406       |           |   |   | 604,472 |   |
|     Senior convertible promissory notes, net of discount        of $39,345 and $243,770, respectively                                                                             |                     |   | 1,960,655     |           |   |   | 1,756,230 |   |
| Total current liabilities                                                                                                                                                                                                           |                     |   | 2,659,093     |           |   |   | 2,364,726 |   |
|                                                                                                                                                                                                                                |                     |   |          |           |   |   |   |   |
| Senior convertible promissory notes, net of discount     of $24,161 and $84,716, respectively                                                                                                                   |                     |   | 835,839       |           |   |   | 775,284 |   |
|                                                                                                                                                                                                                                |                     |   |          |           |   |   |   |   |
| Stockholders’ Equity:                                                                                                                                                                                                         |                     |   |          |           |   |   |   |   |
|     Common stock, $0.001 par value, 3,000,000,000 shares        authorized, 59,484,145 and 59,484,145 shares issued        and outstanding, respectively |                     |   | 59,484        |           |   |   | 59,484 |   |
|     Additional paid in capital                                                                                                                                                                                       |                     |   | 10,584,870    |           |   |   | 10,584,870 |   |
|     Deficit accumulated during exploration stage                                                                                                                                                                     |                     |   | (5,669,276    | )         |   |   | (5,268,907 | )  |
|     Total stockholders’ equity                                                                                                                                                                            |                     |   | 4,975,078     |           |   |   | 5,375,447 |   |
|                                                                                                                                                                                                                                |                     |   |          |           |   |   |   |   |
| Total liabilities and stockholders’ equity                                                                                                                                                                                    |                     | $      | 8,470,010     |           |   | $      | 8,515,457 |   |

----

|                                                                             |   |                           |          |   |                            |   |       |                                             |   |
|----------------------------------------------------------------------------------|--------|--------------------------------|---------------|--------|---------------------------------|--------|------------|--------------------------------------------------|--------|
|                                                                             |   |                           |          |   |                            |   |       |                                             |   |
|                                                                             |   | Three MonthsEndedJuly 31, 2012 |          |   | Three MonthsEnded July 31, 2011 |   |       | Inception(September 1, 2009)throughJuly 31, 2012 |   |
|                                                                             |   |                           |          |   |                            |   |       |                                             |   |   |
| Oil and gas revenues                                                             |   | $                              | 65,735        |   |                            | $      | 204,177    |                                             |   | $ | 1,087,441 |   |
|                                                                             |   |                           |          |   |                            |   |       |                                             |   |   |   |   |
| Operating costs and expenses:                                                    |   |                           |          |   |                            |   |       |                                             |   |   |   |   |
|     Lease operating costs                                         |   |                           | 22,690        |   |                            |   | 10,851     |                                             |   |   | 232,647 |   |
|     Production costs                                              |   |                           | 27,310        |   |                            |   | 69,530     |                                             |   |   | 263,874 |   |
|     Depletion, depreciation and amortization                      |   |                           | 79,241        |   |                            |   | 79,021     |                                             |   |   | 427,926 |   |
|     Salaries, wages and related expense                           |   |                           | 40,063        |   |                            |   | 104,920    |                                             |   |   | 748,139 |   |
|     Legal and professional                                        |   |                           | 64,641        |   |                            |   | 65,026     |                                             |   |   | 893,333 |   |
|     Other general and administrative                              |   |                           | 38,588        |   |                            |   | 74,612     |                                             |   |   | 1,073,305 |   |
|                                                                             |   |                           |          |   |                            |   |       |                                             |   |   |   |   |
|     Total operating costs and expenses                       |   |                           | 272,533       |   |                            |   | 403,960    |                                             |   |   | 3,639,224 |   |
|                                                                             |   |                           |          |   |                            |   |       |                                             |   |   |   |   |
| Loss from operations                                                             |   |                           | (206,798      | )      |                            |   | (199,783   | )                                                |   |   | (2,551,783 | ) |
|                                                                             |   |                           |          |   |                            |   |       |                                             |   |   |   |   |
| Other income (expense):                                                          |   |                           |          |   |                            |   |       |                                             |   |   |   |   |
|     Interest expense                                              |   |                           | (57,670       | )      |                            |   | (68,252    | )                                                |   |   | (693,696 | ) |
|     Interest expense – debt discount amortization           |   |                           | (264,980      | )      |                            |   | (249,405   | )                                                |   |   | (2,569,435 | ) |
|     Other income                                                  |   |                           | 4,276         |   |                            |   | -          |                                             |   |   | 20,834 |   |
|     Gain on sale of equipment                                |   |                           |  124,803 |   |                            |   |  -    |                                             |   |   | 124,803 |   |
|                                                                             |   |                           |          |   |                            |   |       |                                             |   |   |   |   |
|     Total other income (expense)                             |   |                           | (193,571      | )      |                            |   | (317,657   | )                                                |   |   | (3,117,493 | ) |
|                                                                             |   |                           |          |   |                            |   |       |                                             |   |   |   |   |
| Loss before income taxes                                                         |   |                           | (400,369      | )      |                            |   | (517,440   | )                                                |   |   | (5,669,276 | ) |
|                                                                             |   |                           |          |   |                            |   |       |                                             |   |   |   |   |
| Provision for income taxes                                                       |   |                           | -             |   |                            |   | -          |                                             |   |   |   |   |
|                                                                             |   |                           |          |   |                            |   |       |                                             |   |   |   |   |
| Net loss                                                                         |   | $                              | (400,369      | )      |                            | $      | (517,440   | )                                                |   | $ | (5,669,276 | ) |
|                                                                             |   |                           |          |   |                            |   |       |                                             |   |   |   |   |
| Net loss per share – basic and diluted                                     |   | $                              | (0            | )      |                            | $      | (0         | )                                                |   |   |   |   |
|                                                                             |   |                           |          |   |                            |   |       |                                             |   |   |   |   |
| Weighted average shares outstanding –     basic and diluted |   |                           | 59,484,145    |   |                            |   | 57,232,777 |                                             |   |   |   |   |

----

|                                                          |   |    Shares |         |   |    Amount |   |     |   AdditionalPaid-In Capital |   |   | Deficit Accumulated DuringExploration Stage |   |  Total Stockholders’ Equity |   |
|---------------------------------------------------------------|--------|--------------------------|--------------|--------|--------------------------|--------|----------|---------------------------------------|--------|--------|---------------------------------------------|--------|----------------------------------------|--------|
|                                                          |   |                     |         |   |                     |   |     |                                  |   |   |                                        |   |                                   |   |   |
| Balance, September 1, 2009                                    |   |                     | 176,668,500  |   |                     |   | 176,669  |                                  |   | $      | (176,669                                    | )      |                                   | $      | - |   |   | $ | - |   |
|                                                          |   |                     |         |   |                     |   |     |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Shares issued for oil and gas properties                      |   |                     | 10,500,000   |   |                     |   | 10,500   |                                  |   |   | 289,500                                     |   |                                   |   | - |   |   |   | 300,000 |   |
|                                                          |   |                     |         |   |                     |   |     |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Cancellation of shares for cash and assumption of liabilities |   |                     | (138,499,980 | )      |                     |   | (138,500 | )                                     |   |   | 58,635                                      |   |                                   |   | - |   |   |   | (79,865 | ) |
|                                                          |   |                     |         |   |                     |   |     |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Discount on convertible notes payable                         |   |                     | -            |   |                     |   | -        |                                  |   |   | 900,935                                     |   |                                   |   | - |   |   |   | 900,935 |   |
|                                                          |   |                     |         |   |                     |   |     |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Contribution of facilities rent                               |   |                     | -            |   |                     |   | -        |                                  |   |   | 2,800                                       |   |                                   |   | - |   |   |   | 2,800 |   |
|                                                          |   |                     |         |   |                     |   |     |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Net loss                                                      |   |                     | -            |   |                     |   | -        |                                  |   |   | -                                           |   |                                   |   | (502,262 | ) |   |   | (502,262 | ) |
|                                                          |   |                     |         |   |                     |   |     |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Balance, April 30, 2010                                       |   |                     | 48,668,250   |   |                     |   | 48,669   |                                  |   |   | 1,075,201                                   |   |                                   |   | (502,262 | ) |   |   | 621,608 |   |
|                                                          |   |                     |         |   |                     |   |     |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Shares issued for acquisition                                 |   |                     | 8,500,000    |   |                     |   | 8,500    |                                  |   |   | 6,366,500                                   |   |                                   |   | - |   |   |   | 6,375,000 |   |
|                                                          |   |                     |         |   |                     |   |     |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Shares issued for services                                    |   |                     | 64,257       |   |                     |   | 64       |                                  |   |   | 64,193                                      |   |                                   |   | - |   |   |   | 64,256 |   |
|                                                          |   |                     |         |   |                     |   |     |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Discount on convertible notes payable                         |   |                     | -            |   |                     |   | -        |                                  |   |   | 1,395,095                                   |   |                                   |   | - |   |   |   | 1,395,095 |   |
|                                                          |   |                     |         |   |                     |   |     |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Contribution of facilities rent                               |   |                     | -            |   |                     |   | -        |                                  |   |   | 4,200                                       |   |                                   |   | - |   |   |   | 4,200 |   |

----

|                                          |   |    Shares |       |   |    Amount |   |   |   AdditionalPaid-In Capital |   |   | Deficit Accumulated DuringExploration Stage |   |  Total Stockholders’ Equity |   |
|-----------------------------------------------|--------|--------------------------|------------|--------|--------------------------|--------|--------|---------------------------------------|--------|--------|---------------------------------------------|--------|----------------------------------------|--------|
|                                          |   |                     |       |   |                     |   |   |                                  |   |   |                                        |   |                                   |   |   |
| Net loss                                      |   |                     | -          |   |                     |   | -      |                                  |   |   | -                                           |   |                                   |   | (1,804,169 | ) |   |   | (1,804,169 | ) |
|                                          |   |                     |       |   |                     |   |   |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Balance, April 30, 2011                       |   |                     | 57,232,777 |   |                     |   | 57,233 |                                  |   |   | 8,905,189                                   |   |                                   |   | (2,306,432 | ) |   |   | 6,655,990 |   |
|                                          |   |                     |       |   |                     |   |   |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Additional shares issued for acquisition      |   |                     | 1,534,561  |   |                     |   | 1,535  |                                  |   |   | (1,535                                      | )      |                                   |   | - |   |   |   | - |   |
|                                          |   |                     |       |   |                     |   |   |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Shares issued for services                    |   |                     | 222,207    |   |                     |   | 222    |                                  |   |   | 167,613                                     |   |                                   |   | - |   |   |   | 167,835 |   |
|                                          |   |                     |       |   |                     |   |   |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Discount on convertible notes payable         |   |                     | -          |   |                     |   | -      |                                  |   |   | 1,483,685                                   |   |                                   |   | - |   |   |   | 1,483,685 |   |
|                                          |   |                     |       |   |                     |   |   |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Shares issued for conversion of notes payable |   |                     | 494,600    |   |                     |   | 494    |                                  |   |   | 29,918                                      |   |                                   |   | - |   |   |   | 30,412 |   |
|                                          |   |                     |       |   |                     |   |   |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Net loss                                      |   |                     | -          |   |                     |   | -      |                                  |   |   | -                                           |   |                                   |   | (2,962,475 | ) |   |   | (2,962,475 | ) |
|                                          |   |                     |       |   |                     |   |   |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Balance, April 30, 2012                       |   |                     | 59,484,145 |   |                     |   | 59,484 |                                  |   |   | 10,584,870                                  |   |                                   |   | (5,268,907 | ) |   |   | 5,375,447 |   |
|                                          |   |                     |       |   |                     |   |   |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Net loss                                      |   |                     | -          |   |                     |   | -      |                                  |   |   | -                                           |   |                                   |   | (400,369 | ) |   |   | (400,369 | ) |
|                                          |   |                     |       |   |                     |   |   |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
| Balance July 31, 2012 (Unaudited)             |   |                     | 59,484,145 |   |                     | $      | 59,484 |                                  |   | $      | 10,584,870                                  |   |                                   | $      | (5,669,276 | ) |   | $ | 4,975,078 |   |
|                                          |   |                     |       |   |                     |   |   |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |
|                                          |   |                     |       |   |                     |   |   |                                  |   |   |                                        |   |                                   |   |   |   |   |   |   |   |

----

|                                                                                             |   | Three MonthsEnded July 31, 2012 |          |    | Three MonthsEnded July 31, 2011 |    |     | Inception (September 1, 2009) through July 31, 2012 |   |
|--------------------------------------------------------------------------------------------------|--------|---------------------------------|---------------|---------|---------------------------------|---------|----------|-----------------------------------------------------|--------|
| Cash flows from operating activities:                                                            |   |                            |          |    |                            |    |     |                                                |   |
|     Net loss                                                                      |   | $                               | (400,369      | )       |                            | $       | (517,440 | )                                                   |   | $ | (5,669,276 | ) |
| Adjustments to reconcile net loss to net cash   provided by (used in) operating activities: |   |                            |          |    |                            |    |     |                                                |   |
|     Gain on sale equipment                                                        |   |                            | (124,803      | )  |                            |    |     |                                                |   |   |  (124,803 | )  |
|     Warrants issued to placement agent                                            |   |                            | -             |    |                            |    | -        |                                                |   |   | 62,188 |   |
|     Depletion, depreciation and amortization                                      |   |                            | 79,238        |    |                            |    | 79,021   |                                                |   |   | 427,925 |   |
|     Rent contributed by officer                                                   |   |                            | -             |    |                            |    | -        |                                                |   |   | 7,000 |   |
|     Common stock issued for services                                              |   |                            | -             |    |                            |    | -        |                                                |   |   | 232,090 |   |
|     Accretion of debt discount                                                    |   |                            | 264,980       |    |                            |    | 249,405  |                                                |   |   | 2,569,435 |   |
| Changes in operating assets and liabilities:                                                     |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
|     (Increase) decrease in accounts receivable                                    |   |                            | 703           |    |                            |    | 10,323   |                                                |   |   | (48,517 | ) |
|     Decrease in prepaid expenses                                             |   |                            | -             |    |                            |    | 2,585    |                                                |   |   | - |   |
|     Increase in accounts payable                                                  |   |                            | 15,008        |    |                            |    | 5,589    |                                                |   |   | 19,032 |   |
|     Increase in accrued liabilities                                               |   |                            | 74,934        |    |                            |    | 64,062   |                                                |   |   | 679,406 |   |
|                                                                                             |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
|     Net cash used in operating activities                                    |   |                            | (90,309       | )       |                            |    | (106,455 | )                                                   |   |   | (1,845,520 | ) |
|                                                                                             |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
| Cash flows from investing activities:                                                            |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
|     Proceeds from sale of equpiment                                          |   |                            | 13,355        |    |                            |    | (252,587 | )                                                   |   |   | (2,095,246 | ) |
|     Purchase of property and equipment                                            |   |                            | (3,949        | )       |                            |    | -        |                                                |   |   | (33,234 | ) |
|                                                                                             |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
|     Net cash used in investing activities                                    |   |                            | 9,406         |    |                            |    | (252,587 | )                                                   |   |   | (2,128,480 | ) |
|                                                                                             |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
| Cash flows from financing activities:                                                            |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
|     Proceeds from issuance of senior convertible notes                            |   |                            | -             |    |                            |    | 400,000  |                                                |   |   | 3,974,000 |   |
|                                                                                             |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
|     Net cash provided by financing activities                                |   |                            | -             |    |                            |    | 400,000  |                                                |   |   | 3,974,000 |   |
| Net increase (decrease) in cash                                                                  |   |                            | (80,903       | )       |                            |    | 40,958   |                                                |   |   | - |   |
|                                                                                             |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
| Cash and cash equivalents, beginning of period                                                   |   |                            | 80,903        |    |                            |    | 45,098   |                                                |   |   | - |   |
|                                                                                             |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
| Cash and cash equivalents, end of period                                                         |   | $                               | -             |    |                            | $       | 86,056   |                                                |   | $ | - |   |
|                                                                                             |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
| Supplemental Cash Flow Information                                                               |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
|     Cash paid for:                                                                |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
|        Interest                                                    |   | $                               | -             |    |                            | $       | -        |                                                |   | $ | - |   |
|        Income taxes                                                |   | $                               | -             |    |                            | $       | -        |                                                |   | $ | - |   |
|     Non-cash transactions:                                                        |   |                            |          |    |                            |    |     |                                                |   |   |   |   |
|        Common stock issued for oil and gas properties              |   | $                               | -             |    |                            | $       | -        |                                                |   | $ | 6,675,000 |   |
|        Sale of equipment                                      |   | $                          |  226,796 |    |                            | $  |  -  |                                                |   | $  |  226,796 |   |

----

| 1. | ORGANIZATION AND BASIS OF PRESENTATION |
|----|----------------------------------------|

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|   |                            |   | July 31,2012 |      |   | April 30,2012 |   |
|--------|---------------------------------|--------|--------------|-----------|--------|---------------|--------|
|   | Property acquisition costs:     |   |         |      |   |          |   |   |   |
|   |   Proved              |   | $            | 1,983,105 |   |          | $      | 1,983,105 |   |
|   |   Unproved                 |   |         | 2,993,305 |   |          |   | 2,993,305 |   |
|   |   Exploration costs        |   |         | 42,628    |   |          |   | 42,628 |   |
|   |   Development costs        |   |         | 286,225   |   |          |   | 286,225 |   |
|   |      Totals |   | $            | 5,305,263 |   |          | $      | 5,305,263 |   |

|   |          |   | July 31, 2012 |      |   | April 30, 2012 |   |
|--------|---------------|--------|---------------|-----------|--------|----------------|--------|
|   | Kentucky      |   | $             | 2,489,626 |   |           | $      | 2,489,626 |   |
|   | West Virginia |   |          | 332,625   |   |           |   | 332,625 |   |
|   | Tennesee      |   |          | 97,500    |   |           |   | 97,500 |   |
|   | Texas         |   |          | 74,154    |   |           |   | 74,154 |   |
|   |          |   |          |      |   |           |   |   |   |
|   | Totals        |   | $             | 2,993,305 |   |           | $      | 2,993,305 |   |
|   |          |   |          |      |   |           |   |   |   |

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|   | Costs Incurred During Periods Ended |   |
|--------|-------------------------------------|--------|
|   |                                |   | Balance7/31/12 |   |   | 4/30/12 |   |   | 4/30/11 |   |   | Prior |   |
|   |                                |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Acquisition costs                   |   | $ | 2,660,680 |   |   | $ | 168,336 |   |   | $ | 2,188,976 |   |   | $ | 303,368 |   |
|   | Exploration costs                   |   |   | 332,625 |   |   |   | - |   |   |   | 332,625 |   |   |   | - |   |
|   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Total                               |   | $ | 2,993,305 |   |   | $ | 168,336 |   |   | $ | 2,521,601 |   |   | $ | 303,368 |   |

----

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|   | Risk-free interest rate                          |  0.25% to 0.41% |   |
|--------|--------------------------------------------------|----------------------|--------|
|   | Expected volatility of common stock              |  100.0%         |   |
|   | Dividend yield                                   |  0.00%          |   |
|   | Expected life of warrants and conversion feature | 5 years              |   |
|   | Weighted average warrants and conversion feature | $0.65 - $1.34        |   |

|   |                       |   | Number ofWarrants |      |   | WeightedAverageExercisePrice |   | WeightedAverageRemainingContract Term |   |
|--------|----------------------------|--------|-------------------|-----------|--------|------------------------------|--------|---------------------------------------|--------|
|   | Outstanding May 1, 2011    |   |              | 2,460,000 |   |                         |   | 1.05                                  |   | 3.2 years |   |
|   | Issued                     |   |              | 3,021,241 |   |                         | $      | 1.14                                  |   | 2.1 years |   |
|   | Exercised                  |   |              | -         |   |                         |   | -                                     |   |   |   |
|   | Outstanding, July 31, 2012 |   |              | 5,481,241 |   |                         | $      | 1.10                                  |   | 2.6 years |   |
|   | Exercisable, July 31, 2012 |   |              | 5,841,241 |   |                         | $      | 1.10                                  |   | 2.6 years |   |
|   |                       |   |              |      |   |                         |   |                                  |   |   |   |

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|   | Conversion of notes payable      | 5,676,021  |   |
|--------|----------------------------------|------------|--------|
|   | Warrants                         | 8,995,150  |   |
|   | Reserved shares at July 31, 2012 | 14,671,171 |   |

| 8. | STOCK OPTION PLAN |
|----|-------------------|

----

| ● | required or advisable in order for the Company, the Plan or the award to satisfy any law or regulation or to meet the requirements of any accounting standard, or |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | not reasonably likely to significantly diminish the benefits provided under such award, or that any such diminishment has been adequately compensated.       |

| 9. | SUBSEQUENT EVENTS |
|----|-------------------|

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

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----

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Item 3.  Quantitative and Qualitative Disclosures about Market Risk.

Item 4.  Controls and Procedures.

Item 1. Legal Proceedings.

Item 1A. Risk Factors.

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

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Item 3.  Defaults Upon Senior Securities.

Item 4.   Mine Safety Disclosures.

Item 5.  Other Information.

Item 6.  Exhibits.

| 31.1          | Certification of Principal Executive Officer, Required By Rule 13a-14(A) of the Securities Exchange Act of 1934, As Amended, As Adopted Pursuant To Section 302 of the Sarbanes-Oxley Act of 2002 (1) |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.2          | Certification of Principal Financial Officer, Required By Rule 13a-14(A) of the Securities Exchange Act of 1934, As Amended, As Adopted Pursuant To Section 302 of the Sarbanes-Oxley Act of 2002 (1) |
| 32.1          | 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 2002 (1)                                       |
| 32.2          | 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 (1)                                       |
|  101.ins | XBRL Instance Document (2)                                                                                                                                                                                 |
| 101.sch       | XBRL Taxonomy Schema Document (2)                                                                                                                                                                          |
| 101.cal       | XBRL Taxonomy Calculation Linkbase Document (2)                                                                                                                                                            |
| 101.def       | XBRL Taxonomy Definition Linkbase Document (2)                                                                                                                                                             |
| 101.lab       | XBRL Taxonomy Label Linkbase Document (2)                                                                                                                                                                  |
| 101.pre       | XBRL Taxonomy Presentation Linkbase Document (2)                                                                                                                                                           |

| (1)   | Filed herewith. |
|-----------------|-----------------|

| (2)   | Pursuant to Rule 405(a)(2) of Regulation S-T, the Company will furnish the XBRL Interactive Data Files with detailed footnote tagging as Exhibit 101 in an amendment to this Form 10-Q within the permitted 30-day grace period for the first quarterly period in which detailed footnote tagging is required after the filing date of this Form 10-Q. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|               |  Alamo Energy Corp., a Nevada corporation   |                                                                                               |
|--------------------|-----------------------------------------------------------------|----------------------------------------------------------------------------------------------------|
| September 12, 2012 | By:                                                             | /s/ Allan Millmaker                                                                                |   |
|               |  Its:                                                      | Allan MillmakerChief Executive Officer, President, and a director(Principal Executive)   |   |
|               |                                                            |                                                                                               |
| September 12, 2012 | By:                                                             | /s/ Donald Sebastian                                                                               |   |
|               |  Its:                                                      | Donald SebastianChief Financial Officer(Principal Financial and Accounting Officer)      |   |

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