UNITED ~~STATES SECURITIES~~STATESSECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One)x Quarterly Report Pursuant To Section 13 Or 15(d) Of The Securities Exchange Act Of 1934 For the quarterly period ended February 28, 2013 ¨ Transition Report Under Section 13 Or 15(d) Of The Securities Exchange Act Of 1934 For the transition period ________ to ________ COMMISSION FILE NUMBER 000-54734 ABBY, INC. (Exact name of small business issuer as specified in its charter) Colorado Applied for (State or other jurisdiction of incorporation or (IRS Employer Identification No.) organization) 2724 NE 27TH COURT FORT LAUDERDALE FL 33306 702-751-0006 (Address of principal executive offices) Not Applicable (Former name, former address and former fiscal year, if changed since last report) Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past twelve 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. Yes ¨ No¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes X No State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: As of April 22, 2013 the Issuer had 108,000,000 Shares of Common Stock outstanding. Transitional Small Business Disclosure Format (check one): Yes ¨ No X PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS. The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' equity in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. As used in this Quarterly Report, the terms "we", "us", "our", the “Company” and “Abby” mean Abby, Inc. and its subsidiaries unless otherwise indicated. All dollar amounts in this Quarterly Report are in U.S. dollars unless otherwise stated. 2

FORM 10-Q


ABBY, INC.
(An Exploration Stage Company)
CONDENSED BALANCE SHEETS


		February 28, 2013 (Unaudited)		November 30, 2012

ASSETS Current Assets:
Cash	$	-	$	-

Total Current Assets		-		-

TOTAL ASSETS	$	-	$	-


LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current Liabilities:
Accounts payable and accrued expenses (including related party amounts of $25,000 and $25,000, respectively)	$	28,454	$	26,244

TOTAL CURRENT LIABILITIES		28,454		26,244

Commitments and contingencies		-		-

Stockholders’ Deficit:
Preferred stock, $0.001 par value, 25,000,000 shares authorized, none issued and outstanding		-		-
Common stock, $0.001 par value, 500,000,000 shares authorized, 108,000,000 and 102,000,000 shares issued and outstanding at February 28, 2013 and November 30,2012, respectively		108,000		102,000
Additional paid in capital		1,810,000		16,000
Deficit accumulated during the exploration stage		(1,946,454)		(144,244)
TOTAL STOCKHOLDERS’ DEFICIT		(28,454)		(26,244)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	-


The accompanying notes are an integral part of these condensed financial statements

(Mark One) x Quarterly Report Pursuant To Section 13 Or 15(d) Of The Securities Exchange Act Of 1934


ABBY, INC.
(An Exploration Stage Company)
CONDENSED STATEMENTS OF OPERATIONS
(Unaudited)

		For the three months ended		For the three months ended		From Inception (December 11, 2000) to
		February 28, 2013		February 28, 2012		February 28, 2013

Revenues	$		$		$	-

Operating expenses:
General and administrative		1,802,210		134		1,899,454
Impairment loss on oil and gas lease		-		-		47,000
Total operating expenses	$	1,802,210	$	134	$	1,946,454

Net loss	$	(1,802,210)	$	(134)	$	(1,946,454)

Weighted average number of shares outstanding - basic and diluted		106,915,068		97,500,000

Net loss per share - basic and diluted	$	(0.00)	$	(0.00)


The accompanying notes are an integral part of these condensed financial statements

For the quarterly period ended August 31, 2012


ABBY, INC.
(An Exploration Stage Company)
CONDENSED STATEMENTS OF CASH FLOWS
(Unaudited)

		For the three months ended		For the three months ended		From Inception (December 11, 2000) to
		February 28, 2013		February 28, 2012		February 28, 2013

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(1,802,210)	$	(134)	$	(1,946,454)
Adjustments to reconcile net loss to net cash used in operating activities:
Common stock issued for services		1,800,000		-		1,823,000
Impairment loss on oil and gas lease				-		47,000
Changes in operating assets and liabilities:
Prepaid expense				4,070
Accounts payable and accrued expenses		2,210		(3,936)		3,454
Net cash used in operating activities		-		-		(73,000)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of oil and gas lease		-		-		(7,000)
Net cash used in investing activities		-		-		(7,000)

CASH FLOWS FROM FINANCING ACTIVITIES:
Common stock issued for cash				-		80,000
Net cash provided by financing activities		-		-		80,000
						-
CHANGE IN CASH		-		-		-
						-
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		-		-
						-
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$		$		$
						-
Supplemental disclosures of cash flow information:						-
Cash paid for income taxes	$	-	$	-	$	-
Cash paid for interest expense	$	-	$	-	$	-

Supplemental disclosure of non cash investing and financing activities:
Common Stock issued for oil and gas lease	$		$		$	22,000
Accounts payable for oil and gas lease	$		$	25,000	$	25,000

The accompanying notes are an integral part of these condensed financial statements

¨Abby, ~~Transition Report Under Section 13 Or 15(d) Of The Securities Exchange Act Of 1934~~Inc.

~~For~~(An ~~the~~Exploration ~~transition~~Stage ~~period~~Company ~~________ to ________~~)

~~COMMISSION~~NOTES ~~FILE~~TO ~~NUMBER~~CONDENSED ~~333-170918~~FINANCIAL STATEMENTS

~~ABBY~~February 28, ~~INC. (Exact name of small business issuer as specified in its charter)~~2013

Colorado	Applied for
(State or other jurisdiction of incorporation or	(IRS Employer Identification No.)
organization)
60 Auburn Bay Ave SW Calgary, Alberta T3M 0K7 (403)922-4583
(Address of principal executive offices)

(UNAUDITED)

~~Not~~NOTE ~~Applicable~~1 ~~(Former~~– ~~name,~~NATURE ~~former~~OF ~~address~~OPERATIONS ~~and~~AND ~~former~~BASIS ~~fiscal~~OF ~~year, if changed since last report)~~ PRESENTATION

~~Check~~Abby, ~~whether~~Inc. (the ~~issuer (1~~“Company”) ~~filed~~was ~~all~~incorporated ~~reports~~under ~~required~~the tolaws beof ~~filed~~the byState ~~Section~~of 13Colorado oron ~~15(d)~~Dec of11, ~~the~~2000. The ~~Exchange~~Company ~~Act~~was ~~during~~dormant ~~the~~until ~~past~~July ~~twelve~~2009, ~~months~~when ~~(or~~it ~~for~~entered ~~such~~into ~~shorter~~an ~~period~~agreement ~~that~~to ~~the~~acquire ~~registrant~~an ~~was~~oil ~~required~~and togas ~~file~~lease ~~such~~in ~~reports),~~Thailand. ~~and~~The ~~(2)~~Company is “an exploration stage company” and has ~~been~~formulated ~~subject~~a business plan to ~~such~~investigate ~~filing~~the ~~requirements~~possibilities ~~for~~of ~~the~~a ~~past~~viable 90gas ~~days~~deposit. ~~Yes~~ ¨The ~~No¨~~Company has adopted November 30th as its fiscal year end.

~~Indicate~~The byinterim ~~check~~financial ~~mark~~statements ~~whether~~for the ~~registrant~~three ismonths aended ~~shell~~February ~~company~~28, ~~(as~~2013 ~~defined~~and February 29, 2012 are unaudited. These financial statements are prepared in ~~Rule~~accordance ~~12b-2~~with requirements for unaudited interim periods, and consequently do not include all disclosures required to be in conformity with accounting principles generally accepted in the United States of America. The results of operations for the ~~Exchange~~interim ~~Act)~~periods are not necessarily indicative of the results for the full year. ~~Yes~~In ~~X No~~management's opinion all adjustments necessary for a fair presentation of the Company's financial statements are reflected in the interim periods included, and are of a normal recurring nature. These interim financial statements should be read in conjunction with the financial statements included in our Annual Report on Form 10-K, for the year ended November 30, 2012, as filed with the SEC.

~~State~~NOTE ~~the~~2 ~~number~~–SIGNIFICANT ofACCOUNTING ~~shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: As of August 31, 2012 the Issuer had 20,400,000 Shares of Common Stock outstanding.~~POLICIES

~~Transitional~~CASH ~~Small~~AND ~~Business~~CASH ~~Disclosure Format (check one): Yes ¨ No X~~ EQUIVALENTS

~~PART~~The ICompany -considers ~~FINANCIAL~~all ~~INFORMATION~~highly liquid debt instruments purchased with maturity of three months or less to be cash equivalents.

~~ITEM~~REVENUE ~~1. FINANCIAL STATEMENTS.~~RECOGNITION

The ~~accompanying~~Company ~~unaudited~~considers ~~consolidated~~revenue ~~financial statements have been prepared in accordance with the instructions~~ to ~~Form~~be ~~10-Q~~recognized ~~and~~at Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' equity in conformity with generally accepted accounting principles. In the ~~opinion~~time ~~of management, all adjustments considered necessary for a fair presentation of~~ the ~~results~~service ofis ~~operations and financial position have been included and all such adjustments are of a normal recurring nature~~performed.

AsUSE ~~used~~OF in this Quarterly Report, the terms "we", "us", "our", the “Company” and “Abby” mean Abby, Inc. and its subsidiaries unless otherwise indicated. All dollar amounts in this Quarterly Report are in U.S. dollars unless otherwise stated.ESTIMATES

2The preparation of the Company’s financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates.

ABBY, INC.
(An Exploration Stage Company)
BALANCE SHEETS
		(Unaudited) August 31, 2012		November 30, 2011
ASSETS
Current Assets:
Cash	$	-	$
Prepaid expense		2,930		7,000
Total Current Assets		2,930		7,000
TOTAL ASSETS	$	2,930	$	7,000
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable and accrued expenses	$	1,075	$	4,743
TOTAL CURRENT LIABILITIES		1,075		4,743
Commitments and contingencies		-		-
Stockholders’ Equity:
Preferred stock, $0.001 par value, 25,000,000 shares authorized, none issued and outstanding		-		-
Common stock, $0.001 par value, 500,000,000 shares authorized; 20,400,000 and 19,500,000 shares issued and outstanding at August 31, 2012, and November 30, 2011, respectively		20,400		19,500
Additional paid in capital		97,600		95,500
Deficit accumulated during the exploration stage		(116,145)		(112,743)
TOTAL STOCKHOLDERS’ EQUITY		1,855		2,257
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	2,930	$	7,000

FAIR VALUE OF FINANCIAL INSTRUMENTS

The ~~accompanying~~Company’s ~~Notes~~short-term ~~are~~financial aninstruments ~~integral~~consist ~~part~~of cash and cash equivalents and accounts payable. The carrying amounts of these financial ~~statements~~instruments approximate fair value because of their short-term maturities. Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash. During the year the Company did not maintain cash deposits at financial institution in excess of the $100,000 limit covered by the Federal Deposit Insurance Corporation. The Company does not hold or issue financial instruments for trading purposes nor does it hold or issue interest rate or leveraged derivative financial instruments.

~~F-1~~INVESTMENT IN OIL AND NATURAL GAS PROPERTIES

ABBY, INC.
(An Exploration Stage Company)
STATEMENTS OF OPERATIONS (Unaudited)
		Three months ended	Three months ended	Nine months ended	Nine months ended	From Inception (December 11, 2000) to
		31-August-12	31-August-11	31- August-12	31-August-11	31-August-12
	Revenues
	Operating expenses:
	General & administrative	3,134	112	3,402	36,595	94,145
	Impairment loss on oil and gas lease	-		-		22,000
	Total operating expenses	3,134	112	3,402	36,595	116,145
	Net loss before income taxes	(3,134)	(112)	(3,402)	(36,595)	(116,145)
	Benefit for income taxes	-		-		-
	Net loss	(3,134)	(112)	(3,402)	(36,595)	(116,145)
	Weighted average number of shares outstanding - basic and diluted	20,400,000	19,500,000	20,400,000	18,333,333
	Net loss per share - basic and diluted	0	0	0	0

The Company follows the successful efforts method of accounting and will capitalize successful wells and related leasehold costs. Acquisition costs for proved and unproved properties are capitalized when incurred. Exploration costs, including geological and geophysical costs, the costs of carrying and retaining unproved properties and exploratory dry hole costs are expensed. Development costs, including costs to drill and equip development wells and successful exploratory drilling costs to locate proved reserves are capitalized.

~~The~~These ~~accompanying~~costs ~~Notes~~ are anamortized ~~integral~~using ~~part~~the unit of ~~these~~production ~~financial~~method. Dry ~~statements~~hole and related leasehold costs are expensed.

	ABBY, INC.
	(An Exploration Stage Company)
	STATEMENTS OF CASH FLOWS (Unaudited)
			Nine months ended	Nine months ended	From Inception (December 11, 2000) to
			August 31, 2012	August 31, 2011	August 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss		$	(3,402)	(36,595)	(116,145)
Adjustments to reconcile net loss to net cash used in operating activities:
Impairment loss on oil and gas lease			-		22,000
Common stock issued for services			3,000		23,000
Changes in operating assets and liabilities:
Prepaid expense			4,070		(2,930)
Net change in accounts payable and accrued expenses			(3,668)	449	1,075
Net cash used in operating activities			-	(36,146)	(73,000)
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for oil and gas lease			-		(7,000)
Net cash used in financing activities			-		(7,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from subscriptions of common stock			-	35,000	80,000
Net cash provided by financing activities			-	35,000	80,000
CHANGE IN CASH			-	(1,146)	-
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD			-	1,388	-
					-
CASH AND CASH EQUIVALENTS AT END OF PERIOD		$	-	242	-
					-
Supplemental disclosures of cash flow information:					-
Cash paid for income taxes		$	-	-	-
Cash paid for interest expense		$	-	-	-
Supplemental disclosure of non cash financing activities:
Common Stock issued for services		$	3,000		23,000
Common Stock issued for oil and gas lease		$			15,000

IMPAIRMENT OF LONG-LIVED ASSETS

The ~~accompanying~~Company ~~Notes~~reviews and evaluates long-term assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amount might not be recoverable. When the Company determines that an ~~integral~~impairment ~~part~~analysis should be done, the analysis will be performed using the rules of ~~these~~ASC ~~financial~~930-360-35 ~~statements~~Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Term Assets.

~~Abby,~~BASIC ~~Inc.~~AND DILUTED NET INCOME (LOSS) PER SHARE

Basic net income (Anloss) ~~Exploration~~per ~~Stage~~share ~~Company~~amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes antidilutive and then the basic and diluted per share amounts are the same. There were no dilutive common stock equivalents outstanding at February 28, 2013.

~~NOTES~~INCOME ~~TO THE FINANCIAL STATEMENTS~~TAXES

~~August~~The 31Company uses the asset and liability method of accounting for income taxes, ~~2012~~which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of certain assets and liabilities. Deferred income tax assets and liabilities are computed annually for the difference between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period, plus or minus the change during the period in deferred tax assets and liabilities.

~~(UNAUDITED)~~CONCENTRATION OF CREDIT RISK

~~NOTE~~The 1Company –does ~~NATURE~~not OFhave ~~OPERATIONS~~any ~~AND~~concentration ~~BASIS~~of OFfinancial ~~PRESENTATION~~credit risk.

~~Abby,~~RECENT ~~Inc.~~ACCOUNTING (the “Company”) was incorporated under the laws of the State of Colorado on Dec 11, 2000. The Company was dormant until July 2009, when it entered into an agreement to acquire an oil and gas lease in Thailand. The Company is “an exploration stage company” and has formulated a business plan to investigate the possibilities of a viable gas deposit. The Company has adopted November 30th as its fiscal year end. PRONOUNCEMENTS

The ~~results~~Company ofdoes ~~operations for the interim periods are~~ not ~~necessarily~~expect ~~indicative~~that of the ~~results~~adoption ~~for~~of ~~the~~any ~~full~~recent ~~year.~~accounting Inpronouncements ~~management’s~~will ~~opinion~~have ~~all adjustments necessary for~~ a ~~fair~~material ~~presentation~~impact ofto ~~the~~its ~~Company’s~~ financial statements ~~are reflected in the interim periods included, and are of a normal recurring nature~~.

NOTE 23 –~~SIGNIFICANT~~ ~~ACCOUNTING~~OIL ~~POLICIES~~AND GAS LEASE

~~CASH~~The ~~AND~~Company ~~CASH~~purchased ~~EQUIVALENTS~~an oil & gas lease located in Phetchabun, Thailand on July 17, 2009. The Company purchased this lease by issuing 3,000,000 shares of common stock valued at $.005 per share for an aggregate value of $15,000 (to a related party). As no viable reserves have been identified, management recorded an impairment loss for $15,000 during the year ended November 30, 2009. This amount has been reflected in the statement of operations as an impairment loss on oil and gas lease.

~~The~~In ~~Company~~May ~~considers~~of ~~all~~2010, ~~highly~~the ~~liquid~~Company ~~debt~~paid ~~instruments~~$6,000 ~~purchased~~to ~~with~~Mitchell ~~maturity~~Vestco (a related party) of ~~three~~Calgary, ~~months~~Alberta, orto ~~less~~secure a gas field in Westerose, Alberta. As no viable reserves have been identified, management recorded an impairment loss for $6,000 during the quarter ended June 9, 2010. In July, 2010, another $1,000 was paid to becomplete ~~cash~~the ~~equivalents~~deposit requirement for this gas field. This amount was also impaired due to lack of identifying viable reserves.

~~REVENUE~~NOTE ~~RECOGNITION~~4 – STOCKHOLDERS’ EQUITY(DEFICIT)

The Company ~~considers~~has ~~revenue~~authorized to25,000,000 beshares ~~recognized~~of preferred stock, with a par value of $.001 per share. There are no preferred shares issued and outstanding at February 28, 2013. Also, per an amendment to its articles of incorporation, dated September 28, 2012, the ~~time~~Company designated a series A preferred stock with a par value of $.001 (and up to 22,233,615 shares). These series A shares will entitle the ~~service~~holder isto ~~performed~~convert each series A preferred share into one share of the Company’s common stock. No series A preferred shares of stock were issued or outstanding at February 28, 2013.

~~USE~~The OFCompany ~~ESTIMATES~~issued 4,000,000 shares of its common stock, to its President, in July 2009 in exchange for services rendered, valued at $20,000.

~~The~~As ~~preparation~~identified ofabove ~~the~~in ~~Company’s~~Footnote ~~financial~~3, ~~statements~~the ~~requires~~Company ~~management~~issued to3,000,000 ~~make~~shares ~~estimates~~of ~~and~~its ~~assumptions~~common ~~that~~stock ~~affect~~in ~~the~~July ~~amounts~~2009 ~~reported~~to inacquire the ~~financial~~Phetchabun ~~statements~~oil and ~~accompanying~~gas ~~notes. Actual~~lease, ~~results~~valued ~~could~~at ~~differ from these estimates~~$15,000.

~~FAIR~~During ~~VALUE~~November OF2009 ~~FINANCIAL~~the ~~INSTRUMENTS~~Company issued 9,000,000 shares of its common stock at $.005 per share for a total of $45,000 in cash.

~~The~~During ~~Company’s~~February ~~short-term~~2011 financial instruments consist of cash and cash equivalents and accounts payable. The carrying amounts of these financial instruments approximate fair value because of their short-term maturities. Financial instruments that potentially subject the Company toissued a3,500,000 ~~concentration~~shares of ~~credit~~its ~~risk~~common ~~consist~~stock ~~principally~~at ~~of cash~~$. ~~During~~01 ~~the~~per ~~year~~share ~~the~~for ~~Company~~a ~~did~~total ~~not maintain cash deposits at financial institution in excess~~ of ~~the~~ $~~100~~35,000 ~~limit~~in ~~covered by the Federal Deposit Insurance Corporation~~cash. ~~The Company does not hold or issue financial instruments for trading purposes nor does it hold or issue interest rate or leveraged derivative financial instruments.~~

~~INVESTMENT~~On INAugust ~~OIL~~24, ~~AND~~2012, ~~NATURAL~~the ~~GAS~~Company ~~PROPERTIES~~issued 4,500,000 shares of common stock to its President in exchange for services provided. The Company recorded this transaction based on the value of the services provided, of $3,000.

~~The~~On ~~Company~~October follows the successful efforts method of accounting and will capitalize successful wells and related leasehold costs. Acquisition costs for proved and unproved properties are capitalized when incurred. Exploration costs8, ~~including geological and geophysical costs~~2012, the ~~costs~~Company ofexecuted ~~carrying~~a ~~and~~5 ~~retaining~~for ~~unproved~~1 ~~properties~~forward ~~and~~stock ~~exploratory dry hole costs are expensed~~split. ~~Development~~All ~~costs,~~share ~~including~~references ~~costs~~in tothese ~~drill~~financial ~~and~~statements ~~equip~~have ~~development~~been ~~wells~~retroactively ~~and~~adjusted ~~successful~~for ~~exploratory~~this ~~drilling~~stock ~~costs to locate proved reserves are capitalized~~split.

~~These~~On ~~costs~~February ~~are~~13, ~~amortized~~2013, ~~using~~ the ~~unit~~Company issued 30,000,000 shares of ~~production~~common ~~method. Dry~~stock ~~hole~~to ~~and~~its ~~related~~President ~~leasehold~~for ~~costs~~services ~~are~~provided, ~~expensed~~valued at $1,800,000, based on the quoted value of the Company’s common stock on that date.

~~IMPAIRMENT~~On OFFebruary ~~LONG-LIVED~~15, ~~ASSETS~~2013, the Company cancelled 24,000,000 shares of common stock.

~~The~~NOTE Company reviews and evaluates long-term assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amount might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using the rules of ASC 930-360-35 Asset Impairment, and 360-10-15-3 through 15-5, ~~Impairment~~– orRELATED ~~Disposal~~PARTY ~~of Long-Term Assets.~~TRANSACTIONS

~~NET~~On ~~INCOME~~August ~~PER~~24, ~~COMMON~~2012, ~~SHARE~~the Company issued 4,500,000 shares of common stock to its former President in exchange for services provided. The Company recorded this transaction based on the value of the services provided, of $3,000.

~~Basic~~On ~~net~~October ~~income~~31, ~~per~~2012, ~~common share (“EPS”) is computed by dividing net income available to common stockholders by~~ the ~~weighted~~Company ~~average~~entered ~~number~~into ofan ~~common~~oil ~~stock~~and ~~shares~~gas ~~outstanding~~lease ~~during~~option ~~the year~~agreement. ~~Diluted~~ ~~EPS~~The isinitial ~~computed~~purchase byprice ~~dividing~~of ~~net~~this ~~income~~option ~~available~~was to$15,000, ~~common~~with ~~stockholders~~additional bylease ~~the~~options ~~weighted-average~~costing ~~number~~$5,000 ofeach ~~common stock shares outstanding during~~ (the ~~year~~Company ~~plus~~acquired ~~potential~~two ~~dilutive~~additional ~~instruments~~lease ~~such as stock~~ options, ~~and~~for ~~warrants. The~~a ~~effect~~total ofacquisition ~~stock~~cost ~~options and warrants on diluted EPS is determined through the application~~ of ~~the treasury stock method~~$25,000). ~~whereby~~The ~~proceeds~~former ~~received~~president byof the Company ~~based~~paid onfor ~~assumed~~these ~~exercises~~leases ~~are~~personally, ~~hypothetically~~and ~~used to repurchase the Company’s common stock at the average market price during the period. Net loss per common share~~ is ~~unchanged~~owed ~~on a diluted basis as~~ the ~~Company~~related ~~does~~$25,000, ~~not have any common stock equivalents outstanding~~ as of ~~August~~November 3130, 2012.

~~INCOME~~NOTE ~~TAXES~~6 – GOING CONCERN

The ~~Company~~accompanying ~~uses~~financial ~~the~~statements ~~asset~~have ~~and~~been ~~liability~~prepared ~~method~~assuming ofthe ~~accounting~~Company ~~for~~will ~~income~~continue ~~taxes,~~as ~~which~~a ~~requires~~going ~~the~~concern. As ~~recognition~~shown ofin ~~deferred~~the ~~tax~~accompanying ~~assets~~financial ~~and~~statements, ~~liabilities for~~ the ~~expected~~Company ~~future~~has ~~tax~~no ~~consequences~~assets ofand ~~temporary~~no ~~differences~~revenue, ~~between~~and ~~the~~has ~~carrying~~incurred ~~amounts~~a ~~and~~net ~~the~~loss ~~tax basis~~ of ~~certain~~$1,944,454 ~~assets~~since ~~and~~inception, ~~liabilities. Deferred~~which ~~income~~raises ~~tax~~substantial ~~assets~~doubt ~~and~~about ~~liabilities~~its ~~are~~ability ~~computed~~to ~~annually~~continue ~~for~~as ~~the~~a ~~difference~~going ~~between~~concern. ~~the~~The ~~financial~~future ~~statement~~of ~~and~~the ~~tax~~Company ~~bases~~is ofdependent ~~assets~~upon ~~and~~its ~~liabilities~~ability ~~that~~to ~~will~~obtain ~~result~~financing inand ~~taxable~~upon orfuture ~~deductible~~profitable ~~amounts~~operations infrom the ~~future,~~development ~~based~~of onits ~~enacted~~oil ~~tax~~and ~~laws~~gas ~~and~~properties. Management ~~rates~~has ~~applicable~~plans to ~~the~~seek ~~periods~~additional incapital ~~which~~through ~~the~~a ~~differences~~private ~~are~~placement ~~expected~~and topublic ~~affect~~offering ~~taxable~~of ~~income. Valuation~~its ~~allowances~~common ~~are~~stock. ~~established~~The ~~when~~financial ~~necessary~~statements todo ~~reduce~~not ~~deferred~~include ~~tax~~any ~~assets~~adjustments relating to the ~~amount~~recoverability ~~expected~~and toclassifications beof ~~realized. Income~~recorded ~~tax~~assets, ~~expense~~or is the ~~tax~~amounts ~~payable~~of orand ~~refundable for~~ the ~~period,~~classification ~~plus~~of orliabilities ~~minus~~that ~~the~~might ~~change~~be ~~during~~necessary in the ~~period~~event inthe ~~deferred~~Company ~~tax~~cannot ~~assets~~continue ~~and~~in ~~liabilities~~existence.

Deferred income taxes may arise from temporary differences resulting from income and expanse items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of the assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. As of August 31, 2012, the Company had a net operating loss carryforward of $116,145. The related deferred tax asset of approximately $39,000 has been fully offset by a valuation allowance due to the uncertainty of the Company being able to realize the benefit in future years.

CONCENTRATION OF CREDIT RISK

The Company does not have any concentration of financial credit risk.

RECENT ACCOUNTING PRONOUNCEMENTS

The Company does not expect that the adoption of any recent accounting pronouncements will have a material impact to its financial statements.

NOTE 3 – OIL AND GAS LEASE

The Company purchased an oil & gas lease located in Phetchabun, Thailand on July 17, 2009. The Company purchased this lease by issuing 3,000,000 shares of common stock valued at $.005 per share for an aggregate value of $15,000 (to a related party). As no viable reserves have been identified, management recorded an impairment loss for $15,000 during the year ended November 30, 2009. This amount has been reflected in the statement of operations as an impairment loss on oil and gas lease.

In May of 2010, the Company paid $6,000 to Mitchell Vestco (a related party) of Calgary, Alberta, to secure a gas field in Westerose, Alberta. As no viable reserves have been identified, management recorded an impairment loss for $6,000 during the quarter ended June 9, 2010. In July, 2010, another $1,000 was paid to complete the deposit requirement for this gas field. This amount was also impaired due to lack of identifying viable reserves.

NOTE 4 – STOCKHOLDERS’ EQUITY

The Company has authorized 25,000,000 shares of preferred stock, with a par value of $.001 per share. There are no preferred shares issued and outstanding at August 31, 2012.

The Company issued 4,000,000 shares of its common stock, to its President, in July 2009 in exchange for services rendered, valued at $20,000.

As identified above in Footnote 3, the Company issued 3,000,000 shares of its common stock in July 2009 to acquire the Phetchabun oil and gas lease, valued at $15,000.

During November 2009 the Company issued 9,000,000 shares of its common stock at $.005 per share for a total of $45,000 in cash.

During February 2011 the Company issued 3,500,000 shares of its common stock at $.01 per share for a total of $35,000 in cash.

The Company issued 900,000 shares of its common stock, to its President, on August 24, 2012, in exchange for services rendered. The Company recorded this transaction based on the value of the services provided, of $3,000.

NOTE 5 – RELATED PARTY TRANSACTIONS

In May of 2010, the Company paid $6,000 to Mitchell Vestco (a related party through common principal owners) of Calgary, Alberta, to secure a gas field in Westrose, Alberta. As no viable reserves have been identified, management recorded an impairment loss for $6,000 during the quarter ended June 9, 2010. In July, 2010, another $1,000 was paid to complete the deposit requirement for this gas field. This amount was also impaired due to lack of identifying viable reserves.

A Director of the Company, and principal owner, was paid $5,000 for consulting fees in December 2009, and was also the party from whom the Company acquired the Phetchabun lease as identified above in Footnote 3, through the issuance of 3,000,000 shares of common stock.

The Company issued 900,000 shares of its common stock, to its President, in August 2012 in exchange for services rendered. The Company recorded this transaction based on the value of the services provided, of $3,000.

NOTE 6 – GOING CONCERN

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As shown in the accompanying financial statements, the Company has no sales and has incurred a net loss of $114,045 since inception, which raises substantial doubt about its ability to continue as a going concern. The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its gas properties. Management has plans to seek additional capital through a private placement and public offering of its common stock. The financial statements do not include any adjustments relating to the recoverability and classifications of recorded assets, or the amounts of and the classification of liabilities that might be necessary in the event the Company cannot continue in existence.

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

FORWARD-LOOKING STATEMENTS

This Management's Discussion and Analysis or Plan of Operation (MD&A) contains forward-looking statements that involve known and unknown risks, significant uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, or implied, by those forward-looking statements. You can identify forward-looking statements by the use of the words may, will, should, could, expects, plans, anticipates, believes, estimates, predicts, intends, potential, proposed, or continue or the negative of those terms. These statements are only predictions. In evaluating these statements, you should specifically consider various factors, including the risk factors outlined below. These factors may cause our actual results to differ materially from any forward-looking statements. Although we believe that the exceptions reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

RESULTS OF OPERATIONS

Working Capital

	At August 31, 2012	At November 30, 2011
	At February 28, 2013	At November 30, 2012
Current Assets	$ ~~2,930~~-	$ ~~7,000~~-
Current Liabilities	$ 128,~~075~~454	$ 426,~~743~~244
Working Capital (Deficit)	$ 1(28,~~855~~454)	$ 2(26,~~257~~244)

Cash Flows

	Nine Months Ended	Nine Months Ended
	Three Months Ended	Three Months Ended
	August 31, 2012	August 31, 2011
	February 28, 2013	February 28, 2012
Cash Flows from (used in) Operating Activities	$ -	$ ~~(36,146)~~-
Cash Flows from (used in) Investing Activities	$ -	$ ~~(0)~~-
Cash Flows from (used in) Financing Activities	$ -	$ ~~35,000~~-
Net Increase (decrease) in Cash During Period	$ -	$ ~~(1,146)~~-

The decrease in our working capital at ~~August~~February 3128, ~~2012~~2013 from the period ended November 30, ~~2011~~2012 is ~~reflective~~related ofto ~~the~~a ~~current~~minor ~~state~~accrual of ~~our~~accounting ~~business development, primarily due to our inability secure funding, which allowed for the decrease in our exploration activities and professional~~ fees ~~paid in connection with expenses associated with our continuing reporting obligations under the Securities and Exchange Act of 1934~~.

AsAt ofFebruary ~~August 31~~28, ~~2012~~2013, we had cash on hand of $0. Since our inception, we have used our common stock to raise money for our operations and for our property acquisitions. We have not attained profitable operations and are dependent upon obtaining financing to pursue our plan of operation.

Operating Revenues

We have not generated any revenues since inception.

Operating Expenses and Net Loss

For the three ~~and nine~~ months ended ~~August~~February 3128, ~~2012~~2013 and ~~2011~~2012

Operating expenses and the net loss for the ~~nine~~three month period ended ~~August~~February 3128, ~~2012~~2013 was $31,~~402~~802,210 compared ~~with~~to $~~36,595~~314 for the same period ended ~~August~~February 3128, ~~2011~~2012. This ~~decrease~~increase iswas ~~reflective~~due ofto ~~the~~a current ~~state~~quarter issuance of ~~our~~30,000,000 ~~business~~shares ~~development,~~of ~~primarily~~common ~~due~~stock, to our ~~inability~~President, ~~secure~~valued ~~funding~~at $1,800,000.

Operating expenses and the net loss for the three month period ended August 31, 2012 was $3,134 compared with $112 for the same period ended August, 2011. This increase was mainly related to the issuance of 900,000 shares of stock to our President for services rendered (valued at $3,000).

Liquidity and Capital Resources

As atof ~~August~~February 3128, ~~2012~~2013 and November 30, ~~2011~~2012, the Company’s cash balance was $0.

As atof ~~August~~February 3128, ~~2012~~2013, the Company had total liabilities of $128,~~075~~454 compared to total liabilities of $426,~~743~~244 as atof November 30, ~~2011~~2012.

Cash flows from Operating Activities

During the ~~nine~~three month ~~period~~periods ended ~~August~~February 3128, 2013 and February 29, 2012, the Company used $0 cash in operating activities ~~compared to the use of $36,146 for the nine month period ended August 31, 2011~~. ~~This decrease is mainly due to the decrease in net loss.~~

Cash flows from Investing Activities

During the ~~nine~~three month periods ended ~~August~~February 3128, ~~2012~~2013 and ~~August~~February 3129, 2012, the Company had no cash flows from investing activities.

Cash flows from Financing Activities

During the ~~nine~~three month ~~period~~periods ended ~~August~~February 3128, 2013 and February 29, 2012, the Company had no cash ~~flow~~flows from ~~the~~financing ~~issuance of stock compared to cash flow provided of $35,000 from the issuance of stock, for the nine month period ended August 31, 2011~~activities.

Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing.

Future Financings

We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund planned acquisitions and exploration activities.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Critical Accounting Policies

We have identified certain accounting policies, described below, that are most important to the portrayal of our current financial condition and results of operations. Our significant accounting policies are disclosed in the notes to the audited financial statements included in this Quarterly Report.

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 amounts reported in the financial statements and accompanying notes for the reporting period. Significant areas requiring the use of management estimates relate to the valuation of its properties.

Exploration Stage Enterprise

Our financial statements are prepared using the accrual method of accounting. We devote substantially all of our efforts to acquiring and exploring properties. Until such properties are acquired and developed, we will continue to prepare our financial statements and related disclosures in accordance with entities in the exploration stage.

Investment in oil and natural gas properties

These costs are amortized using the unit of production method. Dry hole and related leasehold costs are expensed.

Impairment of long-lived assets

The Company reviews and evaluates long-term assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amount might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using the rules of ASC 930-360-35 Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Term Assets.

Recent Accounting Pronouncements

The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

We carried out 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 as of ~~August~~February 3128, ~~2012~~2013. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal controls over financial reporting, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective. Please refer to our Annual Report on Form 10-K as filed with the SEC on November 30, ~~2011~~2012, for a complete discussion relating to the foregoing evaluation of Disclosures and Procedures.

Management’s Annual Report on Internal Control Over Financial Reporting

Our management is responsible for establishing and maintaining adequate control over financial reporting (as defined in Rule 13a-15(f) promulgated under the Exchange Act. Our management assessed the effectiveness of our internal control over financial reporting as of November 30, 2010. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") in Internal Control-Integrated Framework. Our management has concluded that, as of August 31, 2012, our internal control over financial reporting is not effective based on these criteria, due to material weaknesses resulting from not having an Audit Committee or financial expert on our Board of Directors and our failure to maintain appropriate cash controls.

Changes In Internal Control and Financial Reporting

Our management has also evaluated our internal control over financial reporting, and there have been no significant changes in our internal controls or in other factors that could significantly affect those controls subsequent to the date of our last evaluation.

The Company is not required by current SEC rules to include, and does not include, an auditor's attestation report. The Company's registered public accounting firm has not attested to Management's reports on the Company's internal control over financial reporting.

Part II OTHER INFORMATION

Item 1. Legal Proceedings

None

Item 2. Changes in Securities

None

Item 3. Defaults Upon Senior Securities

Not Applicable

Item 5. Other Information

Not Applicable

Item 6. Exhibits and Reports on Form 8K

Exhibit 31.1 Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 and 906 of the Sarbanes-Oxley Act of 2003.

Exhibit 31.2 Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 and 906 of the Sarbanes-Oxley Act of 2003.

Exhibit 32.2 Certifications of CEO And CFO Pursuant To Section 906 Of The Sarbanes-Oxley Act

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

Abby Inc.

Dated ~~September~~April 1422, ~~2012~~ 2013

/s/ ~~Thomas~~Lawson ~~Forzani~~Kerster

~~Thomas~~Lawson ~~Forzani~~Kerster, President, Director and Chief Executive Officer, Secretary/Treasurer, and Principal Accounting Officer

/s/ Don Thompson

Don Thompson, Director,

Filing Compare · ABBY INC.