This section of this quarterly report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.





Plan of Operation

We are a start-up, oil and gas exploration stage corporation and distributor of oil field equipment. An exploration stage corporation is one engaged in the search for oil and gas reserves which are not in either the development or production stage. We have only recently acquired an entity with an oilfield on its property. We have not yet generated or realized any revenues from our business operations.

On December 3, 2020, the Company announced it has executed a contract to acquire 100% ownership of Torrance Petroleum Co, a Wyoming entity that holds a 520 Acre California Oilfield in the Monterey Shale. Torrance Petroleum will become a wholly owned subsidiary the Company, via a transaction that has been structured as a stock-for-stock exchange. The oil field will now be the Company's core focus. Philip Andrews a Irish Citizen and experienced oil and gas executive has been named Managing Director, and he will oversee the permitting and drilling plans of the 520 acre development with plans for ten initial wells to be drilled to bring the field into production, he will also be seeking additional potential oil and gas opportunities in the USA and internationally for the Company to acquire as part of its rapid expansion plans.





Results of Operations

We have not yet recognized any revenue as of January 31, 2021.

For the three months ended January 31, 2021 our net loss was $5,484 compared to $19,228 for the three months ended January 31, 2020. During the current period we incurred $4,710 for audit, accounting and filing expense and $774 of interest expense. In the prior period we incurred $18,750 for audit and accounting expense and $478 of interest expense.

For the nine months ended January 31, 2021 our net loss was $13,646 compared to $21,183 for the nine months ended January 31, 2020. During the current period we incurred $11,440 for audit, accounting and filing expense and $2,206 of interest expense. In the prior period we incurred $19,750 for audit and accounting expense and $1,433 of interest expense.

Liquidity and Capital Resources

As of January 31, 2021, we have no available cash, liabilities of $114,011 and an accumulated deficit of $132,344. During the nine months ended January 31, 2021 we used $8,941 of cash in operations and received $8,941 from our CEO to pay for operating expenses.

Our sole officer and director is willing to advance funds to us on an as needed basis until such time as we can sustain our operations without his assistance.

At the present time, we have not made any arrangements to raise additional cash, other than through as described herein. If we need additional cash and can't raise it, or Mr. Nagy will not advance the same, we will either have to suspend operations until we do raise the cash or cease operations entirely. Other than as described in this paragraph, we have no other financing plans.


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