UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

~~(Mark~~[X] ~~One~~QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

þ	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended November 30, 2010
o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from ______________ to _____________

For the quarterly period ended March 31, 2011

Commission file number: 333-130344

BCM ENERGY PARTNERS, INC.

(Exact name of registrant as specified in its charter)

Delaware

47-0948014

(State or other jurisdiction of

incorporation or organization)

(IRS Employer Identification No.)

301 St. Charles Av., Fl 3

New Orleans, LA 70130

(Address of principal executive offices)

(504) ~~525~~264-~~8299~~5160

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [ ] Yes [X] þ No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ~~Yes~~ [ ] oYes [X] No o[ ] Not applicable.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o[ ] Accelerated filer o[ ] Non-accelerated filer o[ ] Small reporting company þ[X]

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). [ ] Yes þ [X] No o

As of ~~August~~May 1231, ~~2011~~2012, there were ~~103~~3,~~265~~091,~~019~~785 shares of the issuer’s common stock were outstanding.

BCM ENERGY PARTNERS, INC.

INDEX

PART I. FINANCIAL INFORMATION
PART I.	FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)	3
	Condensed Consolidated Balance Sheets as of November 30, 2010 (Unaudited) and May 31, 2010	3
	Condensed Consolidated Balance Sheets as of March 31, 2011 and December 31, 2010	3
	Condensed Consolidated Statements of Operations for the Three and Six Months Ended
	Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2011 and March 31, 2010	4
	November 30, 2010 and November 30, 2009 (Unaudited)	4
	Condensed Consolidated Statements of Changes in Stockholders’ Deficit as of March 31, 2011 and December 31, 2010	5
	Condensed Consolidated Statements of Changes in Stockholders’ Deficit for the Six Months
	Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2011 and 2010	6
	Ended November 30, 2010 (Unaudited)	5
	Notes to Condensed Consolidated Financial Statements	7
	Condensed Consolidated Statements of Cash Flows for the Six Months Ended
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	18
	November 30, 2010 and November 30, 2009 (Unaudited)	6
Item 3	Quantitative and Qualitative Disclosures about Market Risk	19
	Notes to Condensed Consolidated Financial Statements (Unaudited)	7
Item 4	Controls and Procedures	20
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
PART II.	OTHER INFORMATION
Item 3	Quantitative and Qualitative Disclosures about Market Risk	17
Item 1	Legal Proceedings	20
Item 4	Controls and Procedures	17
Item 1A	Risk Factors	20
PART II. OTHER INFORMATION
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	20
Item 1	Legal Proceedings	19
Item 1A	Risk Factors	19
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	19
Item 3	Defaults upon Senior Securities	20
Item 4	(Removed and Reserved)	20
Item 5	Other Information	20
Item 6	Exhibits	20
Signatures		21
Index of Exhibits		22

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

BCM ENERGY PARTNERS, INC.

Condensed Consolidated Balance Sheets

	November 30, 2010			May 31, 2010
	As of March 31, 2011			As of December 31, 2010
	(unaudited)
ASSETS
Assets
CURRENT ASSETS:
Cash	$	27,143		$	3,899
Cash	$	-		$	1,079
Accounts receivable		120,776			2,702
Total assets		-			1,079
Total Current Assets		147,919			6,601
LIABILITIES AND STOCKHOLDERS' DEFICIT
Oil and gas properties, net of impairment and depletion		2,013,055			2,029,970
Current liabilities:
Other property, plant, and equipment, net		180,234			187,443
Accounts payable	$	107,725		$	103,475
Total Assets	$	2,341,208		$	2,224,014
Accrued liabilities		15,467			13,575
Liabilities and Stockholder’s Deficit
Convertible notes payable		172,268			160,629
Accounts payable and accrued liabilities	$	590,502		$	576,646
Derivative liability		63,608			93,443
Notes payable-related parties		457,826			427,303
Total current liabilities		359,068			371,122
Note payable-bank		103,006			103,006
COMMITMENTS AND CONTINGENCIES (see Note 3)
Note payable - UFO		50,000			-
STOCKHOLDERS' DEFICIT
Line of credit-banks		841,460			862,799
Preferred stock, $.0001 par value; 20,000,000 shares authorized;
Salaries payable-related parties		330,000			180,000
no shares issued and outstanding.		-			-
Convertible notes payable		100,000			100,000
Common stock, $.0001 par value; 150,000,000 shares authorized;
Royalty liability		309,204			309,204
2,153,173 shares issued and outstanding at November 30, 2010, and May 31, 2010		215			215
Derivative liability		48,875			49,665
Additional paid-in capital		1,162,089			1,162,089
Total Current Liabilities		2,830,873			2,608,623
Accumulated deficit		(1,521,372	)		(1,532,347	)
Asset retirement obligation		2,251			2,251
Total Stockholders' Deficit		(359,068	)		(370,043	)
Stockholders’ Deficit
Total Liabilities and Stockholders' Deficit	$	-		$	1,079
Common stock, $.0001 par value; 150,000,000 shares authorized; 7,094,944 and 6,646,769 shares issued and outstanding as of March 31, 2011 and December 31, 2010, respectively.		709			664
Preferred stock, $.0001 par value; 20,000,000 shares authorized; 4,800,000 shares issued and outstanding as of March 31, 2011 and December 31, 2010.		480			480
Additional paid-in capital (1)		15,130			(248,775	)
Accumulated deficit		(508,235	)		(139,229	)
Total Stockholders’ Deficit		(491,916	)		(386,860	)
Total Liabilities and Stockholders’ Deficit	$	2,341,208		$	2,224,014

~~See~~(1) ~~accompanying~~The ~~notes~~December 31, 2010 capital accounts of the Company have been retroactively restated to reflect the ~~condensed~~equivalent ~~consolidated~~number ~~financial~~of ~~statements~~common shares based on the exchange ratio of the merger transaction. See Note 1.

3The accompanying notes are an integral part of these condensed consolidated financial statements

~~BCM ENERGY PARTNERS, INC.~~3

~~Condensed~~BCM ~~Consolidated~~ENERGY ~~Statements~~PARTNERS, ~~of Operations~~INC.

~~(Unaudited)~~Condensed Consolidated Statements of Operations

	For the Three Months Ended					For the Six Months Ended
	November 30,					November 30,
	2010		2009			2010			2009
REVENUES	$	-	$	-		$	-		$	-
EXPENSES
General and administrative		-		2,706			7,221			5,475
Total expenses		-		2,706			7,221			5,475
NET LOSS FROM CONTINUING OPERATIONS		-		(2,706	)		(7,221	)		(5,475	)
OTHER INCOME (EXPENSE)
Accretion of discount on convertible note		-		(15,244	)		(11,639	)		(29,776	)
Gain on change in fair value of conversion feature		-		10,057			29,835			31,715
Total other income (expense)		-		(5,187	)		18,196			1,939
NET INCOME (LOSS)	$	-	$	(7,893	)	$	10,975		$	(3,536	)
Basic and diluted income (loss) per share	$	-	$	(0.00	)	$	0.01		$	(0.00	)
Weighted average shares outstanding - basic and diluted		2,153,173		2,153,173			2,153,173			2,153,173

(Unaudited)

See accompanying notes to the condensed consolidated financial statements.

	For the Three Months Ended March 31,
	2011			2010
Revenues
Crude Oil	$	212,361		$	-

Expenses:
Lease operating expense		36,857
Production taxes		33,232
General and administrative expense		188,518
Professional fees		292,652
Depletion and depreciation expense		24,124
Total expenses		575,383			-
Loss from operations		(363,022	)

OTHER INCOME (EXPENSE)
Interest, net		(6,774	)
Change in fair value of derivative liability		790
Net Loss	$	(369,006	)	$	-

Net loss per share of common stock - Basic and Diluted	$	(0.06	)	$	-

Weighted Average Shares Outstanding - Basic and Diluted (2)		6,677,730			-

4(2) The capital accounts of the Company have been retroactively restated to reflect the equivalent number of common shares based on the exchange ratio of the merger transaction in determining the basic and diluted weighted average shares. See Note 1.

~~BCM~~The ~~ENERGY~~accompanying ~~PARTNERS,~~notes ~~INC.~~are an integral part of these condensed consolidated financial statements

~~Condensed Consolidated Statements of Changes in Stockholders’ Deficit~~4

~~(Unaudited)~~BCM Energy Partners, Inc

									Additional					Total
	Common Stock				Preferred Stock				Paid-in		Accumulated			Stockholders'
	Shares		Amount		Shares		Amount		Capital		Deficit			Deficit
Balance – May 31, 2009		2,153,173	$	215		-	$	-	$	1,162,089	$	(1,419,524	)	$	(257,220	)
Net loss		-		-		-		-		-		(112,823	)		(112,823	)
Balance – May 31, 2010		2,153,173	$	215		-	$	-	$	1,162,089	$	(1,532,347	)	$	(370,043	)
Net income		-		-		-		-		-		10,975			10,975
Balance – November 30, 2010		2,153,173	$	215		-	$	-	$	1,162,089	$	(1,521,372	)	$	(359,068	)

Condensed Consolidated Statement of Changes in Stockholder’s Deficit

See accompanying notes to the condensed consolidated financial statements.

	Common Stock				Preferred Stock				Additional Paid-In			Accumulated
	Shares		Amount		Shares		Amount		Capital			Deficit			Total
Balance at December 31, 2010 (3)		6,646,769	$	664		4,800,000		480	$	(248,775	)	$	(139,229	)	$	(386,860	)
Common stock issued as inducement for line of credit		403,225		40		-		-		249,960			-			250,000
Common stock issued for services		45,000		5		-		-		13,945			-			13,950
Net Loss													(369,006	)		(369,006	)
Balance at March 31, 2011 (Unaudited)		7,094,994	$	709		4,800,000	$	480	$	15,130		$	(508,235	)	$	(491,916	)

5(3) The December 31, 2010 capital accounts of the Company have been retroactively restated to reflect the equivalent number of common shares based on the exchange ratio of the merger transaction. See Note 1.

~~BCM~~The ~~ENERGY~~accompanying ~~PARTNERS,~~notes ~~INC.~~are an integral part of these condensed consolidated financial statements

~~Condensed Consolidated Statements of Cash Flows~~5

~~(Unaudited)~~BCM ENERGY PARTNERS, INC.

	For the Six Months Ended
	November 31,
	2010			2009
Operating activities:
Net income (loss)	$	10,975		$	(3,536	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Accretion of discount on convertible notes		11,639			29,776
Change in fair value of conversion feature on convertible notes		(29,835	)		(31,715	)
Changes in operating assets and liabilities:
Accounts payable		4,250			-
Accrued liabilities		1,892			5,430
Bank overdraft		-			45
Net cash used in operating activities		(1,079	)		-
Net decrease in cash		(1,079	)		-
Cash, beginning of period		1,079			-
Cash, end of period	$	-		$	-

Condensed Consolidated Statements of Cash Flows

~~See accompanying notes to the condensed consolidated financial statements.~~(Unaudited)

	For the Three Months Ended March 31,
	2011			2010
Operating Activities:
Net loss	$	(369,006	)	$	-
Adjustments to reconcile net loss to cash flows from operating activities
Depletion and depreciation expense		24,124			-
Change in fair value of derivative liability		(790	)		-
Common stock issued as inducement for loan		250,000			-
Common stock issued to service providers		13,950			-
Changes in operating assets and liabilities:
Accounts receivable		(118,074	)		-
Accounts payable and accrued liabilities		13,856			-
Salaries payable		150,000			-
Cash flows used in operating activities		(35,940	)		-

Investing Activities:
Cash flows used in investing activities		-			-

Financing Activities:
Proceeds from notes payable - related party		31,523			-
Proceeds from note payable - UFO		50,000			-
Payments on line of credit - banks		(21,339	)		-
Repayments to related party		(1,000	)		-
Cash flows provided by financing activities		59,184			-

Net change in cash during the period		23,244			-

Cash, beginning of period		3,899			-

Cash, end of period	$	27,143		$	-

Supplemental disclosure of non-cash transactions:
Common stock issued as inducement for loan	$	250,000		$	-
Common stock issued to service providers	$	13,950		$	-

~~BCM~~The ~~ENERGY~~accompanying ~~PARTNERS,~~notes ~~INC.~~are an integral part of these condensed consolidated financial statements

~~Notes to Condensed Consolidated Financial Statements~~6

~~Note~~BCM 1ENERGY –PARTNERS, ~~Description of the Business and Summary of Significant Accounting Policies~~INC.

~~Aeon~~Notes Holdings, Inc. was incorporated as Novori Inc., in the State of Delaware, United States on July 26, 2004. Effective July 27, 2004, the Company incorporated a wholly-owned subsidiary, Novori Marketing Inc., in the Province of British Columbia, Canada. Effective October 20, 2008, the Company incorporated a wholly-owned subsidiary, Novori Jewelry Inc., in the State of Delaware. Effective December 22, 2008, the Company incorporated a wholly-owned subsidiary, Aeon Holdings, Inc., in the State of Delaware. On January 6, 2009, the Company merged its operations with its subsidiary, Aeon Holdings, Inc., and changed its name to ~~Aeon~~Condensed ~~Holdings,~~Consolidated ~~Inc.~~Financial Statements

~~On February 10, 2009, the Company entered into a purchase agreement~~ (~~the “Purchase Agreement”~~Unaudited) with Green Star Energies, Inc. ("Green Star") to acquire Green Star's interest in a number of oil and gas leases located in Beaver County, Pennsylvania. This acquisition is more fully described in Note 6 to the Company’s Consolidated Financial Statements included elsewhere in this Report. As of the date of this Report, the Company had not received title to the oil and gas leases from Green Star and considers the Purchase Agreement to be void. The Company is currently seeking to recover the consideration given to Green Star and its related parties, as they failed to deliver on the terms of the Purchase Agreement. On February 10, 2009, the Company also sold its only subsidiaries, Novori Marketing, Inc. and Novori Jewelry, Inc. The Company has no remaining interest in them.

OnNote ~~December~~1 ~~14,~~– ~~2010,~~Description ~~under~~of ~~a purchase agreement with BCM Energy Partners, LLC ("BCM"),~~ the ~~Company~~Business ~~acquired~~and ~~BCM's~~Summary ~~entire~~of ~~interest~~Significant Accounting in an oil field in Baton Rouge, Louisiana commonly known as University Field. The Company changed its name to “BCM Energy Partners, Inc.” on April 12, 2011. As used in this Report, the “Company”, “we”, “our”, or “us” refers to BCM Energy Partners, Inc.Policies

~~During~~BCM ~~the~~Energy ~~period ended November 30~~Partners, ~~2010,~~Inc. (the “Company's” or ~~principal~~“BCM”) ~~business~~is ~~was~~an ~~intended~~acquisition toand bedevelopment ~~the~~company ~~acquisition~~focused ~~and~~on ~~management~~sub-scale, ofundercapitalized oil, and gas ~~and~~assets ~~alternative~~in ~~energy~~the U.S. ~~operations~~Gulf Coast region. AsThe ofCompany ~~November~~reviews ~~30,~~opportunities ~~2010,~~nationwide through select partnerships. Professionals from the energy and financial industries formed the Company ~~had~~in ~~not~~late ~~produced~~2007 ~~any~~in ~~revenue~~an ~~from~~effort to capitalize on smaller oil and gas ~~operations~~opportunities that are frequently overlooked by traditional energy capital sources.

~~The~~After ~~Company’s Condensed Consolidated Financial Statements included elsewhere in this Report have been prepared on~~ a ~~going~~thorough ~~concern~~review ~~basis,~~of ~~which implies~~ the ~~Company~~market ~~will~~during 2008 ~~continue to realize its assets~~ and ~~discharge~~2009, ~~its liabilities in~~ the ~~normal course of business. The continuation of the~~ Company asclosed aon ~~going~~its ~~concern~~first isacquisition ~~dependent upon the ability~~ of ~~the~~University ~~Company~~Field to(East ~~acquire~~Baton ~~oil~~Rouge ~~and~~Parish, ~~gas~~LA) ~~properties~~in orJuly ~~obtain~~2010. ~~necessary~~BCM acquired ~~financing~~Aeon ~~to continue operations~~Holdings, ~~and~~Inc. ~~the~~(OTC: ~~attainment~~AEOH) ofthrough ~~profitable~~a ~~operations.~~reverse Atmerger ~~November~~in ~~30,~~December 2010,. ~~the~~The Company ~~had~~completed aits ~~working~~third ~~capital deficit~~ acquisition of ~~$359,068~~Luling ~~and~~field ~~had~~(Guadalupe ~~accumulated~~County, ~~losses~~TX) ofin ~~$1,521,372.~~an Asall-stock ~~noted~~transaction ~~above,~~in asJanuary of2012. ~~November~~At 30present, ~~2010,~~ the Company ~~had~~is ~~not~~evaluating ~~produced~~over ten ~~revenues~~acquisition ~~from~~targets ~~oil~~representing ~~and gas operations. These factors raise~~ substantial ~~doubt~~value ~~regarding the Company's ability to continue as a going concern. The Company’s Condensed Consolidated Financial Statements included elsewhere~~ in ~~this~~proven ~~Report~~reserves ~~do not include any adjustments to the recoverability~~ and ~~classification~~related ofproduction ~~recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern~~revenues.

The Company'’s ~~common~~business ~~shares~~model ~~are~~is ~~currently quoted~~ built on the ~~OTC~~identification, ~~Pink~~acquisition ~~market~~and development of ~~OTC~~distressed ~~Markets~~or ~~Group~~undervalued oil and gas assets. BCM is able to attract and acquire proven producing oil and gas reserves with significant behind-pipe opportunities due to management’s regional expertise, technical ~~Inc~~depth and expansive network. ~~under~~This ~~the~~model ~~trading~~allows ~~symbol~~BCM ~~“BCME~~to consistently increase revenues and steadily decrease operating expenses (as a percentage of revenues), which will benefit shareholders through EBITDA expansion and proven reserves values.”

~~Interim~~BCM ~~Financial~~is ~~Information~~then able to conduct thorough reserve engineering and geologic reviews to book proven reserves in an effort to support an attractive market valuation relative to dollars spent on acquisitions and development.

~~The~~BCM ~~accompanying~~has ~~unaudited~~an ~~condensed~~active ~~consolidated~~pipeline ~~financial~~of ~~statements~~deals ~~have been prepared pursuant~~ similar to ~~the~~University ~~rules~~Field and ~~regulations~~Luling ofField ~~the Securities~~ and ~~Exchange~~will ~~Commission~~continue ~~(the “SEC”) for interim financial information and with the instructions~~ to ~~Form~~execute ~~10-Q. Accordingly,~~this ~~they~~model ~~do not include all~~ of ~~the~~effective ~~information~~acquisition, ~~required~~regional toconsolidation beand field ~~included~~development ~~in a complete set of consolidated financial statements in accordance with accounting principles generally accepted in the United States of America~~ (~~GAAP). In~~supported ~~the~~by ~~opinion~~enhanced ofoil ~~management,~~recovery ~~all adjustments (consisting of normal recurring adjustments~~technologies) ~~considered~~to ~~necessary~~realize ~~for~~greater areserve ~~fair~~valuations ~~presentation have been included. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements~~ and ~~related notes included in the Company’s 2010 Annual Report filed with the SEC on Form 10-K on September 1, 2011~~production.

7The BCM value proposition is highly scalable due to current and pending partnerships with veteran industry teams and its local operations-based model, where BCM is able to effectively manage an increasing number of assets in partnership with contract operators and their affiliates.

~~Basis~~The current price, economic and credit environment in the U.S. oil and gas industry creates a series of ~~Presentation~~uniquely timed opportunities for BCM Energy Partners, Inc. to acquire proven, producing oil and ~~Fiscal~~gas ~~Year~~assets at historically low prices.

~~These~~The ~~consolidated~~Company’s ~~financial~~common ~~statements~~shares ~~and related notes~~ are ~~presented~~currently inquoted on ~~accordance with accounting principles generally accepted in~~ the ~~United~~OTC ~~States,~~Pink ~~and~~market ~~are expressed in U.S. dollars. These consolidated financial statements include the accounts~~ of ~~the~~OTC ~~Company~~Markets ~~and its wholly-owned Canadian subsidiary~~Group, ~~Novori Marketing~~ Inc. ~~All~~under ~~intercompany~~the ~~transactions~~trading ~~and~~symbol ~~balances have been eliminated~~“BCME. ~~The Company’s fiscal year-end is May 31.~~”

~~Use~~Going ~~of Estimates~~Concern

The ~~preparation~~accompanying ofunaudited ~~these~~condensed consolidated interim financial statements inhave ~~accordance~~been ~~with~~prepared ~~United~~under ~~States~~the ~~generally~~assumption ~~accepted~~that ~~accounting~~we ~~principles~~will ~~requires~~continue ~~management~~as toa ~~make~~going ~~estimates~~concern. ~~and~~Such ~~assumptions~~assumption contemplates ~~that affect~~ the ~~reported~~realization ~~amounts~~ of assets and satisfaction of liabilities atin the ~~date~~normal course of ~~the~~business. ~~financial~~At ~~statements~~March 31, 2011 and December 31, 2010, the ~~reported~~Company ~~amounts~~had a working capital deficit of ~~revenue~~$2,682,954 and ~~expenses~~$2,602,022, inrespectively ~~the~~and ~~reporting~~accumulated ~~period~~deficit of $508,235 and $139,229, respectively. ~~The~~These ~~Company~~factors, ~~bases~~among ~~its~~others, ~~estimates~~raise ~~and~~substantial ~~assumptions~~doubt onabout ~~current~~our ~~facts,~~ability ~~historical~~to ~~experience~~continue ~~and~~as ~~various~~a going ~~other~~concern. ~~factors~~The condensed consolidated interim financial statements do not include any adjustments that itmight ~~believes~~be tonecessary should we be ~~reasonable~~unable ~~under~~to ~~the~~continue ~~circumstances,~~as ~~the~~a ~~results~~going ofconcern. ~~which~~Management ~~form~~expects that the ~~basis~~current ~~for~~funds ~~making~~will ~~judgments~~be ~~about~~sufficient ~~the~~to ~~carrying~~continue ~~values~~operations through December of ~~assets~~2012. ~~and~~Management ~~liabilities~~is currently seeking additional funds and ~~the~~several ~~accrual~~interested ofparties ~~costs~~have ~~and~~entered ~~expenses~~into ~~that~~discussion with ~~are~~us ~~not~~regarding ~~readily~~additional ~~apparent~~investment ~~from~~in ~~other~~our ~~sources.~~company ~~The~~via ~~actual~~a ~~results~~private ~~experienced~~placement bystock ~~the~~sale. ~~Company~~These ~~may~~discussions ~~differ~~are ~~materially~~ongoing and ~~adversely~~there can ~~from~~be ~~the~~no ~~Company's~~assurances ~~estimates.~~that Tothey ~~the~~will ~~extent~~result ~~there~~in ~~are~~a ~~material~~transaction. ~~differences~~There ~~between~~can ~~the~~be ~~estimates~~no ~~and~~assurances ~~the~~that ~~actual~~sufficient ~~results~~funding, if any at all, will be raised by these or future ~~results~~discussions of ~~operations~~such investments will be ~~affected~~reasonable. Management continues to meet with representatives of private and public sources of funding and will continue to do so in the coming months.

~~Cash~~Basis ~~and~~of ~~Cash Equivalents~~Presentation

The ~~Company~~accompanying ~~considers~~unaudited ~~all~~condensed ~~highly~~consolidated interim ~~liquid~~financial ~~instruments~~statements ~~with~~and ~~maturity~~related ofnotes ~~three~~are ~~months~~presented orin ~~less~~accordance atwith ~~the~~accounting ~~time~~principles ofgenerally ~~issuance~~accepted toin ~~be cash equivalents. As of November 30, 2010,~~ the United ~~Company had no cash. As of May 31~~States, ~~2010,~~and ~~the~~are ~~Company~~expressed ~~had $1,079~~ in ~~cash~~U.S. ~~As of November 30, 2010 and May 31, 2010, the Company did not have any cash equivalents~~dollars.

~~Financial Instruments and Concentrations~~7

The ~~fair~~unaudited ~~values~~condensed ofinterim financial ~~instruments,~~statements have ~~which~~been ~~include~~prepared ~~cash,~~by ~~accounts~~us ~~payable,~~pursuant ~~accrued~~to ~~liabilities,~~the ~~amounts~~rules ~~due~~and ~~from~~regulations of the Securities and toExchange ~~related~~Commission. ~~parties,~~The ~~convertible~~information ~~notes,~~furnished herein ~~and~~reflects ~~promissory~~all ~~notes,~~adjustments ~~were~~(consisting ~~estimated~~of tonormal ~~approximate~~recurring ~~their~~accruals ~~carrying~~and ~~values~~adjustments) ~~due~~which toare, in the ~~immediate~~opinion orof ~~short-term~~management, necessary ~~maturity~~to offairly ~~these~~present ~~financial~~the ~~instruments~~operating results for the respective periods. ~~The~~Certain ~~Company’s~~information ~~operations~~and ~~were~~footnote disclosures normally present in ~~Canada,~~annual ~~resulting~~financial statements prepared in ~~exposure~~accordance towith ~~market~~accounting ~~risks~~principles ~~from~~generally ~~changes~~accepted in ~~foreign~~the ~~currency~~United ~~rates.~~States of ~~The~~America ~~financial~~have ~~risk~~been ~~was~~omitted ~~the~~pursuant ~~risk~~ to ~~the~~such ~~Company’s~~rules ~~operations~~and ~~that~~regulations. ~~arose~~These ~~from~~financial ~~fluctuations~~statements should be read in ~~foreign~~conjunction ~~exchange~~with the ~~rates~~audited financial statements and notes for the ~~degree~~year ofended ~~volatility~~December of31, ~~these~~2010 ~~rates.~~included ~~The~~in ~~Company~~our ~~did~~Annual ~~not~~Report ~~use~~on ~~derivative~~Form ~~instruments~~10-K toas ~~reduce~~filed with ~~its~~the ~~exposure~~SEC toon ~~foreign~~June ~~currency~~8, ~~risk~~2012. ~~Financial~~The ~~instruments~~results ~~that~~of ~~potentially~~the ~~subjected~~three ~~the~~month ~~Company~~periods toended ~~credit~~March ~~risk~~31, ~~consisted~~2011 ~~principally~~are not necessarily indicative of ~~cash.~~the results ~~Cash~~to ~~was~~be ~~deposited~~expected ~~with~~for athe ~~high~~full ~~quality~~year ~~financial~~ending ~~institution~~December 31, 2011.

~~Fair~~Principles ~~Value~~ of ~~Financial Instruments~~Consolidation

The ~~fair~~consolidated ~~value~~balance ~~accounting~~sheets ~~guidance~~include ~~defines fair value as “~~the accounts price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” The definition is based on an exit price rather than an entry price, regardless of ~~whether~~ the ~~entity~~Company ~~plans~~and toits ~~hold~~wholly orowned ~~sell the asset~~subsidiaries. ~~This~~ ~~guidance~~All ~~also~~intercompany ~~establishes~~transactions aand ~~fair~~balances ~~value~~have ~~hierarchy~~been toeliminated ~~prioritize inputs used~~ in ~~measuring fair value as follows:~~consolidation.

·Use ~~Level~~of ~~1: Observable inputs such as quoted prices in active markets;~~Estimates

·The ~~Level~~preparation 2:of ~~Inputs~~these unaudited condensed consolidated financial statements in accordance with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other ~~than~~factors ~~quoted~~that ~~prices~~it inbelieves ~~active~~to ~~markets~~be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are ~~observable~~not ~~either~~readily ~~directly~~apparent orfrom ~~indirectly;~~other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

·Reverse ~~Level~~Merger ~~3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.~~Accounting

8The Merger was accounted for as a reverse-merger and recapitalization in accordance with generally accepted accounting principles in the United States (“GAAP”). BCM Energy Partners, LLC. is the acquirer for financial reporting purposes and Aeon Holdings, Inc. is the acquired company. Consequently, the assets and liabilities and the operations that are reflected in the historical financial statements prior to the Merger are those of BCM Energy Partners, LLC. and are recorded at the historical cost basis of BCM Energy Partners, LLC., and the consolidated financial statements after completion of the Merger include the assets and liabilities of the Company and BCM Energy Partners, LLC., historical operations of BCM Energy Partners, LLC. and operations of the Company from the closing date of the Merger. Common stock and the corresponding capital amounts of the Company pre-merger have been retroactively restated as capital stock shares reflecting the exchange ratio in the Merger.

~~The~~Cash ~~estimated fair values of our financial assets~~ and ~~liabilities~~Cash ~~that are recognized at fair value on a recurring basis, using available market information and other observable data are as follows:~~Equivalents

	November 30, 2010								November 30, 2009
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	Quoted Prices in Active Markets or Identical Assets								Quoted Prices in Active Markets or Identical Assets
			Significant Other Observable Inputs								Significant Other Observable Inputs
					Significant Unobservable Input								Significant Unobservable Input
Liabilities:
Derivative liability	$	-	$	63,608	$	-	$	63,608	$	-	$	69,692	$	-	$	69,692
Total financial liabilities	$	-	$	63,608	$	-	$	63,608	$	-	$	69,692	$	-	$	69,692

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As of March 31, 2011 and December 31, 2010, the Company had cash $27,143 and $3,899, respectively and no cash equivalents as of March 31, 2011 and December 31, 2010.

~~The~~Concentration ~~carrying value~~ of ~~accounts payable and accrued liabilities are considered to approximate their fair value due to their short-term nature.~~Risk

~~Basic~~Financial instruments that potentially subject the Company to credit risk consist principally of cash. Cash is deposited with a high quality financial institution and ~~Diluted~~did ~~Net~~not exceed ~~Income~~the ~~(Loss)~~FDIC ~~per~~limits ~~Share~~as of March 31, 2011 and December 31, 2010.

~~FASB~~There ~~Codification~~is ~~topic~~a ~~260,~~ready ~~Earnings~~market ~~per~~for ~~share,~~the ~~requires~~sale ~~dual presentation~~ of ~~basic~~crude oil. ~~and~~For ~~diluted~~the ~~earnings~~three ~~per~~months ~~share~~ended ~~(EPS)~~March ~~with~~31, a2011 ~~reconciliation of the numerator~~ and ~~denominator of~~ the ~~EPS~~full ~~computations.~~calendar ~~Basic~~year ~~earnings~~in ~~per~~2010, ~~share~~our ~~amounts~~gas ~~are~~field ~~based~~and onour ~~the~~producing ~~weighted~~wells ~~average~~sold ~~shares~~their respective ofoil ~~common~~production ~~stock~~to ~~outstanding.~~one Ifpurchaser ~~applicable,~~for ~~diluted~~each ~~earnings~~field ~~per~~or ~~share~~well. ~~would assume the conversion~~However, ~~exercise~~because oralternate ~~issuance~~purchasers of ~~all~~oil ~~potential~~and ~~common~~natural ~~stock~~gas are ~~instruments~~readily ~~such~~available asat ~~options~~similar prices, ~~warrants~~we ~~and~~believe ~~convertible~~that ~~securities, unless~~ the ~~effect is to reduce a~~ loss orof ~~increase~~any ~~earnings~~of ~~per~~our ~~share.~~purchasers ~~Diluted~~would ~~net~~not ~~income~~have ~~(loss)~~a ~~per~~material ~~share~~adverse effect on ~~the~~our ~~potential exercise of the equity-based~~ financial ~~instruments is not presented where anti-dilutive~~results.

~~The~~Fair ~~table~~Value ~~below~~of ~~shows~~Financial ~~the earnings per share, basic and diluted, for the three and six months ended November 30, 2010 and 2009:~~Instruments

	For the Three Months Ended					For the Six Months Ended
	November 30,					November 30,
	2010		2009			2010		2009
Net income (loss)	$	-	$	(7,893	)	$	10,975	$	(3,536	)
Weighted average common shares outstanding		2,153,173		2,153,173			2,153,173		2,153,173
Earnings per share:
Basic and diluted income (loss) per share	$	0.00	$	(0.00	)	$	0.01	$	(0.00	)

The Company’s financial instruments consist of cash, accounts receivable, accounts payable, accrued liabilities and short-term debt. The estimated fair value of cash, accounts receivable, accounts payable and accrued liabilities approximated their carrying amounts due to the short-term nature of these instruments. The carrying value of short-term debt also approximates fair value since their terms are similar to those in the lending market for comparable loans with comparable risks. None of these instruments are held for trading purposes.

~~Income Taxes~~8

~~Income~~The ~~taxes~~fair ~~are~~value ~~provided~~accounting inguidance ~~accordance~~defines fair ~~with~~value ~~FASB~~as ~~Codification~~“the ~~topic~~price ~~740,~~that ~~Accounting~~would ~~for~~be ~~Income~~received ~~Taxes.~~to Asell ~~deferred~~an ~~tax~~ asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” The definition is ~~recorded~~based ~~for~~on ~~all~~an ~~temporary~~exit ~~differences~~price ~~between~~rather ~~financial~~than ~~and~~an ~~tax~~entry ~~reporting~~price, regardless ~~and~~of ~~net~~whether ~~operating~~the ~~loss-carry~~entity ~~forwards~~plans to hold or sell the asset. This guidance also establishes a fair value hierarchy to prioritize inputs used in measuring fair value as follows:

~~Deferred~~• ~~tax~~Level ~~assets~~1: ~~are~~Observable ~~reduced~~inputs bysuch aas ~~valuation~~quoted ~~allowance~~prices ~~when,~~ in ~~the~~active opinion of management, it is more likely than not that, some portion or all of the deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment.markets;

9• Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and

~~Recently~~• ~~Issued~~Level ~~Accounting~~3: ~~Pronouncements~~Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

OnManagement ~~July~~believes 1,it ~~2009,~~is ~~the~~not ~~Company~~practical ~~adopted~~to estimate ~~Accounting~~the ~~Standards~~fair ~~Update~~value ~~(“ASU”)~~of ~~No.~~related ~~2009-01,~~parties ~~“Topic~~notes ~~105~~payable -because ~~Generally~~the ~~Accepted~~transactions ~~Accounting~~cannot ~~Principles~~be -assumed ~~amendments~~to ~~based~~have onbeen ~~Statement~~consummated ofat arm’s ~~Financial Accounting Standards No. 168~~length, ~~“The FASB Accounting Standards Codification™ and~~ the ~~Hierarchy~~terms ofare ~~Generally~~not ~~Accepted~~deemed ~~Accounting Principles” (“ASU No. 2009-01”). ASU No. 2009-01 re-defines authoritative GAAP for nongovernmental entities~~ to be ~~only~~market ~~comprised~~terms, ofthere ~~the~~are ~~FASB~~no ~~Accounting~~quoted ~~Standards~~values ~~Codification~~available ~~(“ASC”) and,~~ for ~~SEC~~these ~~registrants~~instruments, ~~guidance issued by the SEC. The Codification is a reorganization~~ and ~~compilation~~an ofindependent valuation ~~all~~would ~~then-existing~~not ~~authoritative~~be ~~GAAP~~practical ~~for~~due ~~nongovernmental~~to ~~entities, except for guidance issued by~~ the ~~SEC.~~lack ~~The Codification is amended to effect non-SEC changes to authoritative GAAP. Adoption~~ of ~~ASU~~data ~~No.~~regarding ~~2009-01~~similar ~~only~~instruments, ~~changed~~if ~~the~~any, ~~referencing~~and ~~convention of GAAP in Notes to~~ the ~~consolidated~~associated ~~financial~~potential ~~statements~~costs.

InOil ~~January 2010, FASB issued ASU 2010-06, “Improving Disclosures about Fair Value Measurements”. ASU 2010-06 requires additional disclosures about fair value measurements including transfers in~~ and ~~out~~Gas ~~of Levels 1 and 2 and a higher level of disaggregation for the different types of financial instruments. For the reconciliation of Level 3 fair value measurements~~Properties, ~~information~~Full ~~about~~Cost purchases, sales, issuances and settlements are presented separately. This standard is effective for interim and annual reporting periods beginning after December 15, 2009 with the exception of revised Level 3 disclosure requirements, which are effective for interim and annual reporting periods beginning after December 15, 2010. Comparative disclosures are not required in the year of adoption. We adopted the provisions of the standard on January 1, 2010, which did not have a material impact on our financial statements.Method

InThe ~~January~~Company ~~2010,~~uses the ~~FASB~~full ~~issued~~cost ~~ASU~~method ~~2010-03,~~of ~~"Oil~~accounting for ~~and~~oil ~~Gas Reserve Estimations~~ and ~~Disclosures"~~natural ~~(ASU~~gas ~~2010-03)~~properties. ~~This~~Under ~~update~~this ~~aligns~~method, ~~the~~all ~~current~~acquisition, ~~oil~~exploration and ~~gas~~development ~~reserve~~costs, ~~estimation~~including ~~and~~certain ~~disclosure~~payroll, asset ~~requirements~~retirement ofcosts, ~~ASC~~other ~~Topic~~internal ~~932~~costs, ~~with~~and ~~the~~interest ~~changes~~incurred ~~required~~for by the ~~United~~purpose ~~States~~of ~~Securities~~finding oil and ~~Exchange~~natural ~~Commission~~gas ~~(SEC) final rule~~reserves, ~~"Modernization of Oil and Gas Reporting," as discussed below~~are capitalized. ~~ASU~~Internal ~~2010-03~~costs ~~expands~~that ~~the~~are ~~disclosures~~capitalized ~~required~~are ~~for~~directly ~~equity~~attributable ~~method~~to ~~investments~~acquisition, ~~revises~~exploration ~~the definition of oil-~~ and ~~gas-producing~~development activities and todo not include ~~nontraditional~~costs ~~resources~~related ~~in reserves unless not intended~~ to beproduction, ~~upgraded~~general ~~into~~corporate ~~synthetic~~overhead ~~oil~~ or ~~gas,~~similar ~~amends~~activities. ~~the~~Costs ~~definition~~associated ofwith ~~proved oil~~ production and ~~gas~~general ~~reserves~~corporate toactivities ~~require~~are ~~12-month~~expensed ~~average pricing~~ in ~~estimating~~the ~~reserves,~~period ~~amends~~incurred. ~~and~~Proceeds ~~adds~~from ~~definitions in~~ the ~~Master~~sale ~~Glossary~~of ~~that are used in estimating proved~~ oil and natural gas ~~quantities~~properties are ~~and~~applied ~~provides~~to ~~guidance~~reduce onthe ~~geographic~~capitalized ~~area~~costs ~~with respect to disclosure~~ of ~~information~~oil ~~about~~and ~~significant~~natural ~~reserves.~~gas ~~ASU~~properties ~~2010-03~~unless ~~must~~the besale ~~applied~~would ~~prospectively~~significantly asalter athe ~~change~~relationship between incapitalized ~~accounting~~costs ~~principle~~and ~~that~~proved isreserves, ~~inseparable from a change~~ in ~~accounting~~which ~~estimate~~case ~~and~~a isgain ~~effective for entities with annual reporting periods ending on~~ or ~~after~~loss ~~December~~is ~~31, 2009~~recognized. ~~We adopted ASU 2010-03 effective January 1, 2011.~~

InCapitalized ~~May~~costs ~~2011~~associated with impaired properties and capitalized costs related to properties having proved reserves, plus the estimated future development costs, and asset retirement costs under Financial Accounting Standards Board (“FASB”) ~~issued~~Accounting aStandards ~~new~~Codification ~~accounting~~(“ASC”) Topic ~~standard~~410 on“Asset ~~fair~~Retirement ~~value~~and ~~measurements~~Environmental ~~that~~Obligations” ~~clarifies~~(FASB ASC 410), are amortized using the ~~application~~unit-of-production method based on proved reserves. Capitalized costs of ~~existing~~oil ~~guidance~~and natural gas properties, net of accumulated amortization and ~~disclosure~~deferred income ~~requirements~~taxes, ~~changes~~are ~~certain~~limited ~~fair~~to ~~value~~the ~~measurement~~total ~~principles~~of estimated future net cash flows from proved oil and ~~requires~~natural ~~additional~~gas ~~disclosures~~reserves, ~~about~~discounted at ~~fair~~ten ~~value~~percent, ~~measurements~~plus the cost of unevaluated properties. The ~~standard~~estimated isfuture ~~effective~~net ~~for~~cash ~~interim~~flows ~~and~~at ~~annual~~March ~~periods~~31, ~~beginning~~2011 ~~after~~and December 1531, 2010 ~~2011~~were determined using a price estimate of $80. ~~Early~~Under ~~adoption~~certain isspecific ~~not~~conditions, ~~permitted~~companies could elect to use subsequent prices for determining the estimated future net cash flows. The ~~Company~~use ~~does~~of ~~not~~subsequent ~~expect~~pricing is no longer allowed. See “New Pronouncements” below for additional detail regarding the ~~adoption~~new rules. There are many factors, including global events that may influence the production, processing, marketing and price of ~~this~~oil ~~accounting~~and ~~guidance~~natural togas. ~~have~~A areduction ~~material~~in the valuation of oil and natural gas properties resulting from declining prices or production could adversely impact ondepletion ~~its~~rates ~~consolidated~~and ~~financial~~capitalized ~~statements~~cost limitations. Capitalized costs associated with properties that have not been evaluated through drilling or seismic analysis, including exploration wells in progress at March 31, 2011 and ~~related~~December ~~disclosures~~31, 2010, are excluded from the unit-of-production amortization. Exclusions are adjusted annually based on drilling results and interpretative analysis.

~~Effective~~Other ~~for all interim and annual periods ending after September 15~~Property, ~~2009~~Plant, ~~the FASB’s ASC became the sole authoritative source for generally accepted accounting principles (GAAP) in the United States of America~~ and ~~superseded all previous Level a – d sources of U.S. GAAP.~~Equipment

WeOther ~~have~~property ~~implemented~~and ~~all~~equipment ~~new~~are ~~accounting~~recorded ~~pronouncements~~at cost. ~~that~~Cost of repairs and maintenance are inexpensed ~~effect~~as ~~and~~they are incurred. Major repairs that ~~may~~extend ~~impact~~the ~~its~~useful ~~financial~~life ~~statements~~of equipment are capitalized and dodepreciated ~~not~~over ~~believe~~the ~~that~~remaining ~~there~~estimated ~~are~~useful ~~any~~life. ~~other~~When ~~new~~property ~~accounting~~and ~~pronouncements~~equipment ~~that~~are ~~have~~sold ~~been~~or ~~issued~~otherwise ~~that~~disposed, the ~~might~~related ~~have~~costs aand ~~material~~accumulated ~~impact~~depreciation onare ~~our~~removed ~~financial~~from ~~position~~the respective accounts and the gains or ~~results~~losses ofrealized on the disposition are reflected in operations. The Company uses the straight-line method in computing depreciation for financial reporting purposes.

10Basic and Diluted Net Income (Loss) per Share

~~Note~~Our 2computation –of ~~Convertible~~earnings ~~Notes~~per share (“EPS”) includes basic and ~~Derivative~~diluted ~~Liability~~EPS. Basic EPS is measured as the income (loss) available to common stockholders divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., warrants and options) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. Income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the respective periods. Basic and diluted (loss) per common share is the same for periods in which the company reported an operating loss because all warrants and stock options outstanding are anti-dilutive.

OnAsset ~~February~~Retirement ~~10,~~Obligations 2009, the Company issued $180,975 of convertible notes payable to two different note holders, bearing interest at 6% per annum, requiring payment of principal and interest monthly. Any outstanding balance plus accrued interest could be converted into the Company's common stock at a 20% discount to the market at the day of conversion. The conversion features was analyzed under FASB Codification Topic 815, Derivatives and Hedging. Bifurcation of the conversion option from the host contract and accounting for it separately as a derivative may have been necessary if (a) the conversion feature was not clearly and closely related to the host contract, (b) the hybrid instrument is not accounted for at fair value, and (c) a separate instrument with the same terms as the embedded instrument would qualify as a derivative instrument. To determine if the conversion option was indexed to the Company's own stock, the Company applied the two step approach as defined by ASC 815-40. In assessing step 2, by evaluating the conversion instrument's settlement provisions, the Company concluded that, pursuant to the guidance, the number of shares into which the note was convertible was not fixed and accordingly, the Company determined that the conversion feature of the note met the criteria of an embedded derivative and therefore the conversion feature of the debt needed to be bifurcated and accounted for as a derivative. The debt did not meet the definition of “conventional convertible debt” because the number of shares which could have been issued upon the conversion of the debt was not fixed. Therefore, the conversion feature, pursuant to ASC 815-40, was accounted for as a derivative liability. Pursuant to this guidance, the Company adjusts the carrying value of the conversion feature to its fair value at each reporting date. During the three and six months ended November 30, 2010, the Company recognized a gain on the change in the fair value of the conversion feature of $0 and $29,835, respectively, decreasing the carrying value of the derivative liability to $63,608 as of November 30, 2010. For the three and six months ended November 30, 2010, the Company accreted interest expense of $0 and $11,639, respectively, increasing the carrying value of the notes to $172,268. As of November 30, 2010, the Company accrued interest of $15,385 related to these convertible notes payable and is recorded as accrued liabilities on the condensed consolidated balance sheets.

~~During~~The ~~the~~Company ~~three~~records ~~and~~the ~~six~~fair ~~months~~value ~~ended~~of ~~November~~a ~~30,~~liability for ~~2009,~~an ~~the~~asset ~~Company~~retirement ~~recognized~~obligation ain ~~gain on~~ the ~~change~~period in ~~the~~which ~~fair~~it ~~value~~is ofincurred ~~the conversion feature of $10,057~~ and ~~$31,715,~~a ~~respectively,~~corresponding ~~decreasing~~increase in the carrying ~~value~~amount of the ~~derivative~~related ~~liability~~long-lived ~~to $69,692 as of November 30, 2009~~asset. ~~For~~The ~~the~~liability ~~three~~is ~~and~~accreted ~~six~~to ~~months~~its ~~ended~~present ~~November~~value ~~30,~~each ~~2009~~period, and the ~~Company~~capitalized ~~accreted~~cost ~~interest~~is ~~expense~~depreciated over ~~of $15,244 and $29,776, respectively, increasing~~ the ~~carrying~~useful ~~value~~life of the ~~convertible~~related ~~notes to $127,861~~asset. As ofIf ~~November 30, 2009,~~ the ~~Company~~liability ~~accrued~~is ~~interest~~settled offor ~~$8,145~~an ~~related~~amount toother ~~these~~than ~~convertible~~the ~~notes payable and is~~ recorded asamount, ~~accrued~~a ~~liabilities~~gain onor loss ~~the~~is ~~condensed consolidated balance sheets~~recognized.

The Company calculated the fair value of these instruments using the Black-Scholes pricing model. The significant assumptions used in the calculation of the instruments fair value are detailed in the table below. The initial value of the derivative liability for the embedded conversion features at the date of issuance was $101,509, which was recorded in the accompanying consolidated balance sheet. The value of the derivative liability for the embedded conversion features at May 31, 2010 and 2009 was $93,443 and $101,407, respectively. The offset to this entry was recorded to debt discount which will be amortized over the life of the note using the effective interest rate method.9

	For the Six Months Ended			For the Six Months Ended
	November 30, 2010			November 30, 2009
Weighted average volatility		42	%		45	%
Expected dividends		0	%		0	%
Expected term	1.4 years			1.4 years
Risk-free rate		0.27	%		0.27	%

Revenue Recognition

~~These~~The ~~derivative~~Company ~~liabilities~~recognizes ~~have~~revenues ~~been~~from ~~measured~~the insale of ~~accordance~~crude ~~with~~oil ~~FASB~~using ~~Codification~~the ~~topic~~sales ~~820~~method ~~Fair~~of ~~Value Measurements~~accounting. ~~The~~Under ~~valuation~~this ~~assumptions~~method, ~~are~~the ~~classified~~Company ~~within~~recognizes ~~Level~~revenues 2when ~~inputs~~oil is collected and title transfers from the Company to an oil purchaser.

~~These~~Income instruments were not issued with the intent of effectively hedging any future cash flow, the fair value of any asset, any liability or any net investment in a foreign operation. The instruments do not qualify for hedge accounting, and, as such, all future changes in the fair value will be recognized currently in earnings until such time as the instruments are paid down or converted.Taxes

OnIncome ~~December~~taxes 8are provided in accordance with FASB Codification Topic 740, ~~2010~~Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss-carry forwards. Deferred tax assets are reduced by a valuation allowance when, in the ~~Company~~opinion ~~issued~~of 2management,~~520,000~~ ~~shares~~it ofis ~~common~~more ~~stock~~likely tothan ~~settle~~not ~~one~~that some portion or all of ~~these~~the ~~notes~~deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the ~~amount~~date of ~~$80,975~~enactment.

11On January 1, 2007, the Company adopted the FASB Interpretation on accounting for uncertainty in income taxes. The interpretation prescribes a measurement process for recording in the financial statements uncertain tax positions taken or expected to be taken in a tax return. Additionally, the interpretation provides guidance regarding uncertain tax positions relating to derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company will classify any interest and penalties associated with income taxes as interest expense.

OnWe ~~August~~periodically ~~10,~~evaluate ~~2011,~~the likelihood of the ~~Company~~realization of deferred tax assets, and adjusts the ~~second~~carrying ~~note~~amount ~~holder~~of ~~agreed~~the deferred tax assets by a valuation allowance to the ~~settle~~extent the ~~remaining~~future ~~$100~~realization of the deferred tax assets is not judged to be more likely than not. We consider many factors when assessing the likelihood of future realization of our deferred tax assets,~~000~~ ~~note~~including recent cumulative earnings experience by taxing jurisdiction, expectations of future taxable income or loss, the carry-forward periods available to us for ~~cash~~tax reporting purposes, and other relevant factors. At March 31, 2011 and December 31, 2010, based on the weight of available evidence, including cumulative losses in recent years and expectations of future taxable income, we determined that it was more likely than not that its deferred tax assets would not be realized. Accordingly, we have recorded a valuation allowance equivalent to 100% of its cumulative deferred tax assets. Future changes in uncertain tax positions are not expected to have an impact on the ~~amount~~effective tax rate due to the existence of ~~$25~~the valuation allowance. We will continue to classify income tax penalties and interest,~~000~~ if any, as part of interest and other expenses in its statements of operations. We have incurred no interest or penalties as of March 31, 2011 and December 31, 2010.

~~Note~~Recently 3Issued –Accounting ~~Commitments~~Pronouncements

On December 1, 2006, the Company entered into a consulting agreement with a company to provide professional services relating to the search engine optimization of the Company’s Website. Under the terms of the agreement, the Company was obligated to pay $15,000 per month for an 18-month term commencing December 1, 2006. The Company changed the terms to pay $7,500 per month beginning on January 1, 2008. During the year ended May 31, 2008, the Company recorded promotion and advertising fee of $135,000, of which $55,000 is included in accounts payable as of November 30, 2010.Adopted

~~Note~~In 4January –2010, ~~Contingent~~the ~~Liabilities~~Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2010-06, “Improving Disclosures about Fair Value Measurements”. ASU 2010-06 requires additional disclosures about fair value measurements including transfers in and out of Levels 1 and 2 and a higher level of disaggregation for the different types of financial instruments. For the reconciliation of Level 3 fair value measurements, information about purchases, sales, issuances and settlements are presented separately. ASU 2010-06 is effective for interim and annual reporting periods beginning after December 15, 2009 with the exception of revised Level 3 disclosure requirements, which are effective for interim and annual reporting periods beginning after December 15, 2010. Comparative disclosures are not required in the year of adoption. The adoption of this standard did not materially impact the Company’s consolidated financial statement and related disclosures.

OnNote ~~September~~2 ~~21,~~– ~~2009,~~Oil ~~a civil lawsuit was filed against Green Star in State Court in Beaver County, Pennsylvania by Bialy Gas Production Company, LLC,~~ and ~~Jonathan M. Bialy as plaintiffs. The plaintiffs alleged that Green Star breached the terms of its contract to purchase certain oil and gas leases owned by Bialy~~ Gas Production Company, LLC and the terms of a later joint venture agreement between the parties. Alternatively, plaintiffs alleged that they properly and validly terminated both the purchase agreement and the later joint venture agreement. Plaintiffs were seeking a non-monetary declaratory judgment that the purchase agreement and the joint venture agreement were null and void and that Green Star had no interest in the subject oil and gas leases. On November 19, 2009, defendant Green Star filed an answer in the State Court in Beaver County, Pennsylvania, denying plaintiffs' allegations and counter-alleging that plaintiffs, among other things, intentionally interfered with Green Star's ability to complete the terms of the contracts and that plaintiffs' actions constituted breach on their part sufficient to forestall the right of Bialy Gas Production Company, LLC to the subject oil and gas leases. On February 24, 2010, the plaintiffs filed a praecipe to discontinue the case in State Court in Beaver County, Pennsylvania. which effectively ended the case as of that date.Properties

~~Note~~Oil 5and –gas ~~Income~~properties ~~Taxes~~are comprised of the following at March 31, 2011 and December 31, 2010

Income taxes are provided in accordance with FASB Codification topic 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss-carry forwards. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that, some portion or all of the deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. As of November 30, 2010, Company had a net operating loss carryforward of approximately $1,067,000 available to offset taxable income in future years, which commence expiring in fiscal 2013. Pursuant to ASC 740, the potential benefit of the net operating loss carryforward has not been recognized in the consolidated financial statements because the Company could not be assured that it is more likely than not that such benefit will be utilized in future years.

	March 31, 2011			December 31, 2010
Total oil and gas properties at cost	$	2,058,402		$	2,058,402
Less: accumulated depletion and impairment		(45,347	)		(28,432	)
Oil and gas properties, net	$	2,013,055		$	2,029,970

~~Note~~Depletion 6expense –for ~~Purchase~~the ofthree ~~Oil~~months ended March 31, 2011 and ~~Gas~~2010 ~~Properties~~were $16,915 and $0, respectively. There were no impairment losses for the three months ended March 31, 2011 and 2010.

~~On February~~ 10~~, 2009, the Company executed a Purchase Agreement to purchase the interest in 13 leases of oil and gas properties located in Beaver County, Pennsylvania from Green Star.~~

InAt ~~consideration~~March ~~for the purchase of the leases from Green Star~~31, the Company was required to issue and deliver to Green Star: (1) 9,000,000 restricted shares of the Company's common stock; (2) warrants to purchase 2,000,000 shares of the Company's stock at a price of $0.10 per share, exercisable until February 10, 2011~~; (3) warrants to purchases 4~~,~~000,000~~ ~~shares of~~ the Company'’s ~~common~~total ~~stock~~gross surface atdeveloped ~~a price of $0.15 per shares, exercisable until February 10, 2011;~~ and ~~(4)~~undeveloped ~~warrants~~acreage toin ~~purchase 1,000,000 shares of~~ the ~~Company's~~State ~~common stock at a price~~ of ~~$0.20~~Louisiana ~~per~~was ~~share,~~approximately ~~exercisable~~300 ~~until~~gross ~~February~~acres 10, 2011. Additional consideration for the purchase of the joint venture interest required the Company to (i) enter into a management agreement with Green Star dated February 10, 2009; (ii) execute promissory notes covering $180,975 of the Company's outstanding debt obligations; (iii) enter into an asset purchase agreement with Harold Schaffrick and ~~Mark~~total ~~Neild~~net ~~dated~~developed ~~February 10, 2009 to sell the Company's wholly owned subsidiary, Novori Jewelry, Inc., to Mr. Schaffrick~~ and undeveloped ~~Mr.~~acreage ~~Neild;~~was ~~(iv)~~approximately ~~enter~~250 ~~into an assignment and debt assumption agreement with Novori Jewelry, Inc~~acres., ~~dated~~As ~~February 10, 2009, to transfer certain~~ of ~~the~~March ~~Company's assets to Novori Jewelry~~31, ~~Inc. and (v) issue and deliver 700~~2011,~~000~~ ~~restricted shares of~~ the Company's ~~common~~was ~~stock~~operating astwo ~~consideration~~producing ~~for~~wells ~~arranging and negotiating the transactions contemplated by the Purchase Agreement. The sale described~~ in ~~(iv) included~~ the ~~Company's wholly-owned Canadian subsidiary, Novori Marketing, Inc., and all~~ state of ~~its~~Louisiana ~~respective~~that ~~assets~~produce inapproximately ~~exchange~~30 ~~for~~barrels ~~the cancellation~~ of ~~all~~oil ~~preferred~~per ~~shares~~day ~~of Company held by Harold Schaffrick and Mark Neild~~(BOPD).

InFor ~~accordance with~~ the ~~Purchase~~quarter ~~Agreement~~ending ~~with~~March ~~Green~~31, ~~Star~~2011, ~~the~~oil production ~~Company~~sales ~~issued~~totaled ~~and~~approximately ~~delivered~~2,679 ~~all~~barrels of ~~the~~oil ~~consideration~~equivalent ~~described in the foregoing paragraph. However~~(Boe), ~~Green~~net ~~Star failed~~ to ~~transfer~~our tointerest. ~~the~~The Company ~~title~~operates ofa ~~Green Star’s interest in the 13 leases~~ majority of our oil and gas properties. ~~located~~For inthe ~~Beaver~~quarter ~~County,~~ending ~~Pennsylvania.~~March As31, ~~a result~~2010, the Company ~~has~~did ~~determined~~not ~~this~~produce ~~transaction~~any tooil ~~be void~~sales. ~~The Company is currently seeking to resolve the matter with Green Star and other parties related to the consideration given by the Company under the Purchase Agreement.~~

12Note 3 - Other Property, Plant, & Equipment

Note 7 – Subsequent Events

	March 31, 2011			December 31, 2010
Other property, plant, and equipment at cost	$	211,862		$	211,862
Less: accumulated depreciation		(31,628	)		(24,419	)
Other property, plant, and equipment, net	$	180,234		$	187,443

~~Recent~~Depreciation ~~new~~expense ~~accounting~~for ~~standards require that management disclose~~ the ~~date~~three tomonths ~~which~~ended March ~~subsequent~~31, ~~events~~2011 ~~have been evaluated~~ and ~~the~~2010 ~~basis~~were ~~for such date. Accordingly~~$7,209 ~~management~~and ~~has evaluated subsequent events through September 8~~$0, ~~2011, the date upon which the consolidated financial statements were issued~~respectively.

OnNote ~~December~~4 8,– ~~2010,~~Convertible Notes ~~the~~and ~~Company~~Derivative ~~issued 2,520,000 shares of common stock, valued at $80,975, as settlement of an outstanding convertible note.~~Liability

On ~~December~~February 2510, ~~2010~~2009, the Company ~~incorporated~~issued $180,975 of convertible notes payable to two different note holders, bearing interest at 6% per annum, requiring payment of principal and interest monthly. Any outstanding balance plus accrued interest could be converted into the Company’s common stock at a ~~wholly~~20% discount to the market at the date of conversion. The conversion features were analyzed under FASB Codification Topic 815, Derivatives and Hedging. Bifurcation of the conversion option from the host contract and accounting for it separately as a derivative may have been necessary if (a) the conversion feature was not clearly and closely related to the host contract, (b) the hybrid instrument is not accounted for at fair value, and (c) a separate instrument with the same terms as the embedded instrument would qualify as a derivative instrument. To determine if the conversion option was indexed to the Company’s own stock, the Company applied the two step approach as defined by ASC 815-~~owned~~40. ~~subsidiary~~In assessing step 2, ~~BCM~~by ~~Energy~~evaluating ~~Louisiana~~the conversion instrument’s settlement provisions, the ~~LLC~~Company concluded that, inpursuant to the ~~State~~guidance, the number of ~~Louisiana~~shares into which the note was convertible was not fixed and, accordingly, the Company determined that the conversion feature of the note met the criteria of an embedded derivative and the conversion feature of the debt needed to be bifurcated and accounted for as a derivative. The debt did not meet the definition of “conventional convertible debt” because the number of shares which could have been issued upon the conversion of the debt was not fixed. Therefore, the conversion feature, pursuant to ASC 815-40, was accounted for as a derivative liability. Pursuant to this guidance, the Company adjusts the carrying value of the conversion feature to its fair value at each reporting date.

On December 148, 2010, the Company ~~entered~~issued ~~into~~2,520,000 shares aof ~~purchase~~common ~~agreement~~stock ~~with~~to ~~BCM~~settle ~~Energy~~one ~~Partners,~~of ~~LLC~~these tonotes ~~acquire~~in ~~its~~the ~~interest~~amount inof an$80,975. ~~oil~~This ~~lease.~~settlement ~~The~~of ~~Company~~debt ~~issued~~reduced tothe ~~BCM~~carrying ~~Energy~~value of ~~Partners,~~the ~~LLC,~~derivative 4liability to $49,~~800,000~~665 ~~shares~~and ofreduced ~~preferred~~the ~~stock~~carrying ~~with~~value aof 20convertible ~~for~~notes 1to ~~conversion~~$100,000 ~~feature~~for ~~related~~the toperiod ~~this~~ended ~~agreement~~December 31, 2010.

OnThe ~~January~~Company ~~21,~~calculated ~~2011,~~the fair value of these instruments using the ~~Company~~Black-Scholes ~~issued~~pricing ~~1,000,000~~model. ~~shares~~The following assumptions were used to determine the fair value of ~~common~~the ~~stock,~~derivative liabilities ~~valued~~for atthe ~~$180~~period ended as of March 31,~~000,~~ to2011 ~~Karuk~~and ~~Holdings~~the ~~related~~year toended aDecember ~~service~~31, ~~agreement.~~2010:

On February 9, 2011, the Company issued 273,616 shares of common stock, valued at $46,515, to Vic Devlaeminck, a director of the Company, for services.

Weighted average volatility	80.00% - 82.00%
Expected dividends	0.00%
Expected term	1.0 year
Risk-free rate	0.29% to 0.30%

OnThese ~~February~~derivative ~~15,~~liabilities ~~2011,~~have ~~the~~been ~~Company~~measured in ~~issued~~accordance ~~45,000~~with ~~shares~~FASB ofCodification ~~common~~Topic ~~stock~~820, ~~valued~~Fair atValue ~~$1,395,~~Measurements. toThe avaluation ~~consultant~~assumptions ~~for~~are ~~services~~classified within Level 2 inputs.

OnThese ~~March~~instruments ~~29,~~were ~~2011,~~not issued with the intent ~~Company~~of ~~issued~~effectively ~~403~~hedging any future cash flow,~~225~~ ~~shares~~the fair value of ~~common~~any ~~stock~~asset, ~~valued~~any atliability ~~$250~~or any net investment in a foreign operation. The instruments do not qualify for hedge accounting,~~000~~ and, toas ~~Kodiak~~such, ~~Capital~~all ~~Group~~future ~~LLC~~changes ~~related~~in tothe afair ~~financing~~value ~~facility~~will be recognized currently in earnings until such time as the instruments are paid down or converted.

OnThe ~~April~~$100,000 12convertible note payable is payable in sixteen monthly installments with the first installment due on May, 2009. As of March 31, 2011, the Company ~~changed~~is ~~its~~in ~~name~~default due to ~~“BCM~~nonpayment, ~~Energy~~however ~~Partners,~~there ~~Inc.”~~is no default provision and ~~began~~the ~~trading~~note ~~under~~holder can convert the ~~symbol~~note ~~BCME~~into oncommon stock of the ~~OTC~~Company with ~~Pink~~notice. ~~Market~~As of ~~OTC~~March ~~Markets~~31, ~~Group~~2011, ~~Inc~~the note holder has not converted and the Company has recorded the derivative liability of $48,875.

~~On April 13, 2011, the Company issued 165,000 shares of common stock, valued at $5,000, to a consultant for services.~~11

OnDuring ~~May~~the 25three months ended March 31, 2011, the Company ~~issued~~recognized ~~705,000~~income ~~shares~~ of ~~common~~$790 ~~stock,~~based ~~valued~~on atthe ~~$42,300,~~change toin ~~certain~~fair ~~employees,~~value ~~executives~~of ~~and~~the ~~directors~~derivative ofliability associated with the ~~Company~~note payable in the accompanying statement of operations.

OnThe ~~May~~derivative ~~30,~~liability ~~2011,~~has ~~BCM~~been ~~Energy~~measured in ~~Partners,~~accordance ~~LLC~~with ~~converted~~fair ~~its~~value 4measurements,~~800,000~~ ~~shares~~as ofdefined ~~preferred~~by ~~stock~~GAAP. ~~into~~The ~~96,000,000~~valuation ~~shares~~assumptions ofare ~~common~~classified ~~stock~~within level 2 inputs. The following table represents the Company’s derivative liability activity for the embedded conversion feature.

On May 31, 2011, the Company incorporated a wholly-owned subsidiary, BCM Energy Texas, LLC, in the State of Texas.

December 31, 2010	$	49,665
Mark to market adjustment to fair value at March 31, 2011		(790	)
March 31, 2011	$	48,875

OnNote ~~August~~5– ~~10,~~Preferred ~~2011, the Company and a convertible note holder agreed to settle a $100,000 note for cash in the amount of $25,000.~~Stock

On ~~August~~December 1014, ~~2011~~2010, Aeon issued 4,800,000 shares of preferred stock to BCM Energy Partners, LLC in exchange for the ~~Company~~University ~~incorporated~~Field assets in a ~~wholly-owned~~reverse ~~subsidiary~~acquisition, with conversion and voting rights equivalent to common stock at a 20 to 1 ratio, or 96,000,000 shares. On May 30, 2011, BCM Energy ~~EOR~~Partners, LLC converted its 4,800,000 shares of preferred stock in the ~~State~~Company into 96,000,000 shares of ~~Delaware~~common stock.

OnNote ~~August~~6– ~~15,~~Common 2011, the Company held a Special Meeting of Stockholders to approve the adoption of the Company’s Restated Certificate of Incorporation to effect a fifty to one reverse stock split. The proposal was approved by a major of the stockholders of the Company and will be effective on August 16, 2011.Stock

On ~~August~~January 1721, 2011, the Company’s ~~wholly-owned~~issued ~~subsidiary~~1, ~~BCM Energy Texas~~000,000 shares ~~LLC (“BCM Energy Texas”), entered into a Purchase Agreement with Drum Oil & Gas, Inc. (“Drum O&G”) to acquire 90%~~ of ~~Drum~~common ~~O&G’s 18 net revenue interests in oil and gas wells located in Liberty County~~stock, ~~Texas in exchange~~ for ~~$967,742~~professional inand ~~cash,~~consulting ~~subject to ordinary adjustments~~services. ~~Drum~~This ~~O&G~~transaction ~~also~~occurred ~~granted~~before tothe ~~BCM~~reverse ~~Energy~~merger ~~Texas~~on aDecember 14, ~~one-year~~2010 ~~option~~and tothe ~~acquire~~expense ~~90%~~was ofrecorded ~~Drum O&G’s 17 net revenue interests~~ in ~~oil~~general and ~~gas~~administrative ~~wells~~expenses ~~located~~on inthe ~~Liberty~~statements ~~County,~~of ~~Texas.~~operations Inof ~~addition,~~Aeon ~~BCM Texas also entered into a Purchase Agreement with Drum Equipment~~Holdings, Inc. toThis ~~acquire~~issuance ~~90%~~was ofrecorded ~~Drum~~on ~~Equipment’s~~our 27corporate ~~net~~share ~~revenue~~table ~~interests~~per ina ~~oil~~board ~~and~~resolution ~~gas~~on ~~wells~~December ~~also located in Liberty County~~8, ~~Texas in exchange for $1~~2010,~~617,512~~ inbut ~~cash,~~not ~~subject~~issued tountil ~~ordinary adjustments. Drum Equipment also granted to BCM Energy Texas a one-year option to acquire 90% of Drum O&G’s 19 net revenue interests in oil and gas wells located in Liberty County~~January 21, ~~Texas~~2011.

13On February 9, 2011, the Company issued 273,616 shares of common stock, for professional and consulting services. This transaction occurred before the reverse merger on December 14, 2010 and the expense was recorded in general and administrative expenses on the statements of operations of Aeon Holdings, Inc. This issuance was recorded on our corporate share table per a board resolution on December 8, 2010, but not issued until February 9, 2011.

~~Item~~On February 15, 2011, the Company issued 2.,520,000 shares ~~Management’s~~of ~~Discussion~~common ~~and~~stock ~~Analysis~~to settle one of ~~Financial~~the ~~Condition~~convertible ~~and~~notes ~~Results~~payable issued by Aeon Holdings, Inc. of ~~Operations~~$80,975. This transaction occurred before the reverse merger on December 14, 2010. This issuance was recorded on our corporate share table per a board resolution on December 8, 2010, but not issued until February 15, 2011.

~~Forward-Looking~~On ~~Disclosure~~February 15, 2011, the Company issued 45,000 shares of common stock, for professional and consulting services valued at $13,950 based on third party invoices. This expense was recorded in general and administrative expenses on the consolidated statements of operations.

~~This~~On ~~Quarterly~~March Report on Form 10-Q contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding future events and the future results of BCM Energy Partners29, ~~Inc. f/k/a Aeon Holdings~~2011, ~~Inc.~~the ~~that~~Company ~~are~~issued ~~based on current expectations~~403,225 ~~estimates,~~shares ~~forecasts, and projections as well as the beliefs and assumptions~~ of ~~BCM~~common ~~Energy~~stock valued ~~Partners,~~at ~~Inc. f/k/a Aeon Holdings~~$250,000 ~~Inc.’s management. Words such~~ as ~~“outlook,”~~an ~~“believes,”~~inducement ~~“expects,”~~for ~~“appears,”~~an ~~“may,”~~equity ~~“will,”~~line ~~“should,”~~facility ~~“anticipates”~~of or the negative or correlations thereof or comparable terminology are intended to identify such forward-looking statements. These forward-looking statements are only predictions and are subject to risks$5, ~~uncertainties and assumptions that are difficult to predict. Therefore~~000, ~~actual results may differ materially and adversely from those expressed in any forward-looking statements~~000. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this Quarterly Report. We undertake no obligation to revise or update publicly any forward-looking statements.

~~Overview~~The total shares outstanding as of March 31, 2011 do not include 9,000,000 shares registered to Green Star Energies, Inc., and its affiliates, as the Company maintains documentation that the shares were improperly issued and the transaction related to these issuances was never consummated.

~~The~~Note ~~following~~7– isRelated aParty discussion of the financial condition of the Company as of November 30, 2009, and results of operations of the Company as of and for the period ended November 30, 2009. This discussion should be read in conjunction with the Financial Statements of the Company and the related notes included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on August 16, 2011. Transactions

~~Description~~The Company accrued unpaid salaries to its Chief Executive Officer, President, and Chief Operating Officer in the amount of $150,000 for the three months ended March 31, 2011. Unpaid salaries are expected to be paid shortly after the Company obtains financing in an amount that exceeds current liabilities. The Company did not accrue any interest on its unpaid salaries. As of March 31, 2011 and December 31, 2010, salaries payable to related party were $330,000 and $180,000, respectively.

~~Aeon~~The ~~Holdings,~~Company ~~Inc.~~had ~~was~~loans ~~incorporated~~payable asto ~~Novori Inc., in~~ the ~~State~~Chief Financial ofOfficer ~~Delaware, United States on July 26, 2004. Effective July 27, 2004, the Company incorporated a wholly-owned subsidiary, Novori Marketing Inc.,~~ in the ~~Province~~amount of ~~British Columbia~~$7,400 ~~Canada.~~as ~~Effective~~of ~~October~~March 2031, ~~2008~~2011, ~~the~~including ~~Company~~accrued ~~incorporated~~interest ~~a wholly-owned subsidiary, Novori Jewelry Inc.,~~ in the ~~State~~amount of ~~Delaware~~$640. ~~Effective~~This ~~December~~loan ~~22,~~bears interest ~~2008,~~at the ~~Company~~annual ~~incorporated~~rate ~~a wholly-owned subsidiary, Aeon Holdings, Inc., in the State~~ of ~~Delaware~~10.00 ~~On January 6~~percent, ~~2009,~~is ~~the~~due ~~Company~~upon ~~merged its operations with its subsidiary~~demand, ~~Aeon Holdings, Inc.,~~ and ~~changed~~is ~~its name to Aeon Holdings, Inc~~unsecured.

OnThe ~~February 10, 2009, the~~ Company ~~entered~~had ~~into~~ a ~~purchase~~series ~~agreement~~of ~~(the~~notes ~~“Purchase~~payable ~~Agreement”) with Green Star Energies, Inc. ("Green Star")~~ to ~~acquire Green Star's interest in~~ a ~~number~~relative of ~~oil~~one ~~and~~of ~~gas~~the ~~leases~~Directors ~~located~~of ~~in Beaver County, Pennsylvania. This acquisition is more fully described in Note 10 to~~ the Company’s ~~Condensed Consolidated Financial Statements included elsewhere~~ in ~~this~~a ~~Report.~~total Asamount of ~~the date of this Report~~$445,426 ~~the Company had not received title to the oil~~ and ~~gas leases from Green Star and considers the Purchase Agreement to be void. The Company is currently seeking to recover the consideration given to Green Star and its related parties~~$418,903 as ~~they failed to deliver on the terms~~ of ~~the~~March ~~Purchase~~31, ~~Agreement.~~2011 Onand ~~February 10~~December 31, ~~2009~~2010, ~~the~~respectively. ~~Company~~These ~~also~~notes ~~sold~~were ~~its~~due ~~only~~on ~~subsidiaries,~~demand ~~Novori~~and ~~Marketing,~~unsecured ~~Inc.~~as ~~and~~of ~~Novori~~March ~~Jewelry~~31, ~~Inc~~2011. ~~The Company has no remaining interest in them.~~

On December 14, 2010, under a purchase agreement with BCM Energy Partners, LLC ("BCM"), the Company acquired BCM's entire interest in an oil field in Baton Rouge, Louisiana commonly known as University Field. The Company changed its name to “BCM Energy Partners, Inc.” on April 12~~, 2011. As used in this Report, the “Company”, “we”, “our”, or “us” refers to BCM Energy Partners, Inc.~~

~~During~~The ~~the~~Company ~~period~~had ~~ended~~loan ~~November~~payable ~~30,~~to ~~2010,~~R. Gerald Bailey, the ~~Company's~~Chief ~~principal~~Executive ~~business~~Officer ~~was~~in ~~intended to be~~ the ~~acquisition~~amount ~~and management~~ of ~~oil~~$5,000 ~~gas~~as ~~and~~of ~~alternative~~March ~~energy~~31, ~~operations~~2011. AsThis ofloan ~~November~~bears ~~30,~~interest ~~2010,~~at the ~~Company~~annual ~~had~~rate ~~not~~of ~~produced~~5.00%, is ~~any~~due ~~revenue~~upon ~~from~~demand, ~~oil~~ and ~~gas~~is ~~operations~~unsecured.

~~The~~Note ~~Company’s~~8– ~~Condensed~~Lines Consolidated Financial Statements included elsewhere in this Report have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the ability of the Company to acquire oil and gas properties or obtain necessary financing to continue operations, and the attainment of profitable operations. At November 30, 2010, the Company had a working capital deficit of $359,068 and had accumulated losses of $1,521,372. As noted above, as of November 30, 2010, the Company had not produced revenues from oil and gas operations. These factors raise substantial doubt regarding the Company's ability to continue as a going concern. The Company’s Condensed Financial Statements included elsewhere in this Report do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.Credit

14At March 31, 2011, the Company had the following lines of credit (collectively, the “Credit Lines”):

The Company's ~~common~~had ~~shares~~a ~~are~~Credit ~~currently~~Line ~~quoted~~with a financial institution that renews annually on the ~~OTC~~4th ~~Pink~~of ~~market~~June ofunder ~~OTC~~which ~~Markets~~the ~~Group~~Company could borrow up to $500,000. ~~Inc~~Interest accrued on outstanding amounts at the annual rate of 5.50 percent, and the Credit Line was secured by a security interest in substantially all of the Company’s assets. At March 31, 2011 and December 31, 2010, $500,000 was outstanding under this Credit Line. On May 27, 2011, the ~~trading~~Company ~~symbol~~paid ~~“BCME~~in full with the proceeds from UFO promissory note payable of $1,325,000.”

~~Critical~~The ~~Accounting~~Company ~~Policies~~had a Credit Line with a financial institution that renews annually on the 21st of August under which the Company could borrow up to $150,000. ~~Judgments~~Interest accrued on outstanding amounts at the annual rate of 8.75 percent, and ~~Estimates~~the Credit Line was secured by a security interest in substantially all of the Company’s assets. At March 31, 2011 and December 31, 2010, $150,000 was outstanding under this Credit Line. On May 27, 2011, the Company paid in full with the proceeds from UFO promissory note payable of $1,325,000.

~~Our~~The ~~discussion~~Company ~~and~~had ~~analysis~~a ofCredit ~~our~~Line ~~financial~~with ~~condition~~a ~~and~~financial institution ~~results~~that ofrenews ~~operations~~annually ison ~~based~~the ~~upon~~14th ~~our~~of ~~consolidated~~January ~~financial~~under ~~statements,~~ which ~~have~~the ~~been~~Company ~~prepared~~could inborrow ~~accordance~~up ~~with Generally Accepted Accounting Principles (“GAAP”). The preparation of these consolidated financial statements requires us~~ to ~~make estimates~~$400,000. ~~judgments~~Interest ~~and~~accrued ~~assumptions~~on outstanding ~~that~~amounts ~~affect~~at the ~~reported~~annual ~~amounts~~rate of ~~assets,~~8.00 ~~liabilities~~percent, ~~revenues~~ and ~~expenses, and~~ the ~~related~~Credit ~~disclosure~~Line ofwas ~~contingent~~secured ~~assets~~by ~~and~~a ~~liabilities.~~security Weinterest ~~base~~in ~~our~~substantially all ~~estimates~~of onthe ~~historical~~Company’s ~~experience~~assets and onguaranteed ~~various~~by ~~other assumptions that we believe are reasonable under~~ the ~~circumstances,~~personal ~~the~~guarantee ~~results~~ of ~~which~~a ~~form~~related ~~the~~party ~~basis~~of ~~for making judgments about~~ the ~~carrying~~Company. ~~values~~At ofMarch ~~assets~~31, 2011 and ~~liabilities~~December ~~that~~31, ~~are~~2010, ~~not~~$191,460 ~~readily~~and ~~apparent~~$212,799 ~~from~~was ~~other~~outstanding ~~sources.~~under ~~Actual~~this ~~results~~Credit ~~may~~Line, ~~differ from these estimates~~respectively.

AnNote ~~accounting~~9– ~~policy~~Notes is considered to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, and if different estimates that reasonably could have been used, or changes in the accounting estimate that are reasonably likely to occur, could materially impact the consolidated financial statements. We believe that the following critical accounting policies reflect the more significant estimates and assumptions used in the preparation of the consolidated financial statements.Payable

~~Results~~At March 31, 2011, the Company had a note payable to a bank (the “Bank Note”) bearing interest at the annual rate of ~~Operations~~7.00 percent that was due on April 29, 2013. The Bank Note was secured by a security interest in substantially all of the assets of the Company. At March 31, 2011 and December 31, 2010, $103,006 was outstanding under the Bank Note. On May 27, 2011, the Company paid in full with the proceeds from UFO promissory note payable of $1,325,000.

~~Comparison~~On February 24, 2011, BCM Energy Louisiana, LLC (“BCM Louisiana”), a subsidiary of the ~~Three~~Company, ~~Months~~executed ~~Ended~~a ~~November~~promissory ~~30,~~note ~~2010~~made payable to University Field Oil, LLC (“UFO”), a subsidiary of Worthmore Capital, LLC (“Worthmore”), in the ~~Three~~original ~~Months~~principal ~~Ended~~amount ~~November~~of $50,000 30(the “February UFO Note”). The February UFO Note was due on March 31, ~~2009~~2011, accrued interest at the annual rate of 8.00% percent, and was guaranteed by the Company President and a Director.On May 27, 2011, the Company paid in full with the proceeds from UFO promissory note payable of $1,325,000.

~~Revenues~~Note 10 – Income Taxes

~~The~~Income ~~Company~~taxes ~~did~~are provided in accordance with FASB Codification Topic 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss-carry forwards. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not ~~produce~~that, ~~any~~some ~~revenue~~portion or all of the deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted for the ~~three~~effect ~~months~~of ~~ended~~changes ~~November~~in 30tax laws and rates on the date of enactment. As of March 31, 2011 and December 31, 2010, orthe ~~2009~~Company had a net operating loss carry forward of approximately $505,650 and $139,229, respectively available to offset taxable income in future years, which commence expiring in year ended 2013. Pursuant to ASC 740, the potential benefit of the net operating loss carry forward has not been recognized in the consolidated financial statements because the Company could not be assured that it is more likely than not that such benefit will be utilized in future years.

~~Operating~~The ~~Expenses~~Internal Revenue Code of 1986, as amended, imposes substantial restrictions on the utilization of net operating losses in the event of an “ownership change” of a corporation. Accordingly, a company’s ability to use net operating losses may be limited as prescribed under Internal Revenue Code Section 382 (“IRC Section 382”). Events which may cause limitations in the amount of the net operating losses that the company may use in any one year include, but are not limited to, a cumulative ownership change of more than 50% over a three-year period. There have been transactions that have changed the Company’s ownership structure since inception that may have resulted in one or more ownership changes as defined by the Internal Revenue Code of 1986.

~~Our~~Given ~~total~~the Company’s history of net operating losses, ~~expenses~~management ~~for~~has ~~the~~determined ~~three~~that ~~months~~it ~~ended~~is ~~November~~more-likely-than-not ~~30,~~the ~~2010~~Company ~~decreased~~will ~~$2,706~~not orbe ~~100%~~able to $0realize ~~from~~the ~~$2,706~~tax ~~for~~benefit of the carry ~~three~~forwards. ~~months~~Current ~~ended~~standards ~~November~~require ~~30,~~that ~~2009~~a valuation allowance be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.

~~Our~~The ~~total~~Company ~~operating~~is ~~expenses~~subject ~~for~~to ~~the~~United ~~three~~States ~~months~~federal and ~~ended~~state ~~November~~income ~~30,~~taxes ~~2009~~at an approximate aggregate rate of ~~$2,706~~43%. ~~consisted~~The reconciliation of ~~$2,706~~the inprovision ~~general~~for ~~and~~income ~~administrative~~taxes ~~expenses~~at ~~consisting~~the ofUnited States ~~interest~~federal ~~expense~~statutory onrate ~~convertible~~compared ~~notes~~to ofthe ~~$2,715~~Company’s ~~and~~income ~~bank~~tax ~~fee~~expense ~~credits~~as ofreported ~~$9.~~is as follows:

~~Net Loss~~13

We had no net income or loss for the three months ended November 30, 2010.

	For the Three Months Ended March 31, 2011			For the Year Ended December 31, 2010
Federal statutory rate		34.00	%		34.00	%
State tax, net of federal benefit		9.00	%		9.00	%
Valuation allowance		(43.00	)%		(43.00	)%
Effective income tax rate		0.00	%		0.00	%

WeAccordingly, ~~had~~the Company has recorded a full valuation allowance against its net ~~loss~~deferred oftax ~~$7,893~~assets ~~for~~at ~~the~~March ~~three~~31, ~~months~~2011 ~~ended~~and ~~November~~December 3031, ~~2009~~2010. ~~This~~Upon ~~loss~~the isattainment ~~primarily~~of ~~attributable~~taxable income toby the ~~accretion~~Company, ofmanagement ~~discount~~will onassess ~~convertible~~the ~~notes~~likelihood of ~~$15,244~~realizing ~~and~~ the ~~general~~tax ~~and~~benefit ~~administrative~~associated ~~expense~~with ofthe ~~$2,706,~~use ~~offset~~of bythe acarry forwards ~~gain~~and onwill ~~change~~recognize ina ~~fair~~deferred ~~value~~tax ofasset ~~conversion~~at ~~feature~~that ~~of $10,057~~time.

~~Comparison~~Deferred income taxes reflect the net tax effects of temporary differences between the ~~Six~~carrying ~~Months~~amounts ~~Ended~~of ~~November~~assets ~~30,~~and ~~2010~~liabilities tofor financial reporting purposes and the ~~Six~~amounts used ~~Months~~for ~~Ended~~income ~~November~~tax ~~30,~~purposes. ~~2009~~Deferred income taxes arise from temporary differences in the recognition of income and expenses for financial reporting and tax purposes. The significant components of deferred income tax assets and liabilities are as follows:

Revenues

	March 31, 2011			December 31, 2010
Net operating loss carry-forward	$	218,541		$	55,672
Valuation allowance		(218,541	)		(55,672	)
Net deferred income tax asset	$	0		$	0

The Company ~~did~~has recognized a valuation allowance for the deferred income tax asset since the Company cannot be assured that it is more likely than not ~~produce~~that ~~any~~such ~~revenue~~benefit ~~for~~will be utilized in future years. The valuation allowance is reviewed annually. When circumstances change that cause a change in management’s judgment about the ~~six~~reliability ~~months~~of ~~ended~~deferred ~~November~~income 30tax assets, ~~2010~~the orimpact ~~2009~~of the change on the valuation allowance is generally reflected in current income.

~~Operating~~Note ~~Expenses~~11 - Contingent Liabilities

~~Our~~On ~~total~~August ~~operating~~25, ~~expenses~~2008, ~~for~~the Company filed a lawsuit against Incentaclick Media Group Inc. (the ~~six~~“Plaintiff”) in the Supreme Court of British Columbia, Canada. The Company is claiming negligence and breach of contract due to failure to provide services as stipulated under an agreement between the parties that had a term of 18 months ~~ended~~commencing ~~November~~December 302006. Pursuant to the agreement, ~~2010~~the ~~increased~~Company paid a monthly fee of $115,~~746~~000 orfor custom ~~approximately~~website ~~32%~~search engine optimization services. However, the Company claims that such services were never provided. Beginning December 2007, and for the remaining term of the contract, the monthly fee was reduced to $7,~~221~~500. ~~from~~On July 28, 2008, the Company received a demand letter for payment of the remaining $567,~~475~~500 outstanding under the agreement. The Company proposed a settlement, which was rejected, and the Plaintiff counter sued for breach of contract, claiming damages of $67,500. On September 19, 2008, the ~~six~~parties ~~months~~settled, ~~ended~~and ~~November~~the Company agreed to pay $55,000 payable in 16 monthly payments of $3,437 starting September 30, ~~2009~~2008. As ~~This~~of ~~increase~~March is31, ~~primarily~~2011 ~~attributable~~and toDecember 31, 2010, the ~~fees~~Company ~~associated~~has ~~with~~not made any settlement payments to the ~~OTC~~Plaintiff. ~~Markets~~The entire $55,000 liability is recorded in accounts payable as of March 31, 2011 and December 31, 2010.

15On December 5, 2011, the Company was notified that its Registered Agent in the State of Texas was served with process on December 2, 2011, with a Corporate Citation regarding a Petition and Request for Disclosures filed by Rock Ridge Resources, Inc f/k/a Green Star Energies, Inc. against BCM Energy Partners, Inc. f/k/a Aeon Holdings, Inc., BCM Energy Texas, LLC and BCM Energy Partners, LLC as defendants. This is a purchase agreement signed on Feburary 10, 2009 by Green Star Energies, Inc and Aeon Holdings Inc. to acquire Green Star Energies’ interest in a joint venture with Bialy Gas Production LLC by issuing 9,000,000 Aeon’s restricted shares. The entire transactions were not completed and Green Star Energies demanded for the 9,000,000 restricted shares. This case remains in preliminary stages and trial date for the case is set on December 3, 2012. BCM Energy Partners, LLC believes that the claim asserted by Green Star Energies, Inc. is without merit and will continue its defense of the claim.

~~Our~~Note ~~total~~12– ~~operating~~Subsequent expenses for the six months ended November 30, 2010 of $7,221 consisted of fees associated with the OTC Markets of $4,100, interest expense on convertible notes of $1,810, miscellaneous expenses of $1,241 and bank fees of $70.Events

~~Our~~On ~~total~~April ~~operating~~12, ~~expenses~~2011, ~~for~~ the ~~six~~Company ~~months~~changed ~~ended~~its name ~~November~~to ~~30,~~“BCM ~~2009~~Energy ~~decreased $214~~Partners,~~079~~ orInc.” ~~approximately~~and ~~98%~~began totrading ~~$5,475~~under ~~from $219,554 for~~ the ~~six~~symbol ~~months~~“BCME” ~~ended~~on ~~November~~the ~~30,~~OTC ~~2008.~~Pink ~~This~~Market ~~decrease~~of OTC isMarkets ~~attributable~~Group, ~~to the discontinuation of operations~~Inc.

~~Our~~On ~~total~~April ~~operating~~13, ~~expenses~~2011, ~~for~~ the ~~six~~Company ~~months~~issued ~~ended November 30~~165,000 shares ~~2009~~ of ~~$5,475~~common ~~consisted of interest expense on convertible notes of $5~~stock,~~430~~ ~~and~~to ~~bank~~a ~~fees~~consultant offor ~~$45~~services.

~~Net Income (Loss)~~14

WeOn ~~had~~April ~~income of $10~~20,~~975~~ ~~for the six months ended November 30~~2011, ~~2010. This income is primarily attributable to~~ the ~~gain~~Company onexecuted ~~change~~a ~~in fair value~~ letter of ~~conversion~~intent ~~feature~~with ofMidCap ~~$29~~ETX,~~835,~~ ~~offset~~LLC byrelated to the ~~accretion~~acquisition of ~~discount~~a oncertain ~~convertible~~producing ~~notes~~oil ~~of $11,639~~ and ~~the~~gas ~~general~~lease ~~and~~in ~~administrative expense of $7,221~~Texas.

WeOn ~~had~~May a23, ~~net loss of $3~~2011,~~536~~ ~~for~~ the ~~six~~Company ~~months~~executed ~~ended~~an ~~November~~engagement letter ~~30,~~with ~~2009.~~Mathews ~~This~~&Mann, ~~loss~~LLC isfor ~~primarily~~services ~~attributable~~related to ~~the~~SEC ~~accretion~~filings ~~of discount on convertible notes of $29,776~~ and ~~the~~related ~~general~~accounting ~~and administrative expense of $5,475 offset by the gain on change in fair value of conversion feature of $31,715~~services.

~~Liquidity~~On May 25, 2011, the Company issued 705,000 shares of common stock, to certain employees, executives and ~~Capital~~directors ~~Resources~~of the Company.

AsOn ofMay ~~November~~26, 302011, ~~2010~~BCM Energy Louisiana, weLLC, a ~~had~~subsidiary of the Company, executed a ~~working~~promissory ~~capital~~note ~~deficit~~made ofpayable ~~$359,068~~to ~~consisting~~UFO ofin ~~liabilities~~the original principal amount of $~~359~~1,~~068~~325,000 (the “UFO Note”). AsThe ofUFO ~~November~~Note 30is due on May 31, ~~2010~~2013, weaccrues ~~had~~interest noat ~~cash.~~the ~~Our~~annual ~~accumulated~~rate ~~deficit~~ of $18.00% percent,~~521,372~~ asand is senior secured by all assets of ~~November~~BCM 30Energy Louisiana, ~~2010~~LLC. ~~was~~The ~~mainly~~Company ~~funded~~used bythe afunds ~~combination~~from ofthe ~~prior~~UFO ~~debt~~Note to pay off the February UFO Note and ~~equity~~refinance ~~financing~~the byCredit ~~way~~Lines ofand ~~private~~the ~~placements~~Bank Note (referenced in Note 11 - Lines of ~~our~~Credit) ~~common~~and ~~stock~~to develop University Field.

~~Net~~On ~~cash~~May ~~used~~26, ~~in operations was $1~~2011,~~079~~ ~~for~~ the ~~three~~Company paid ~~months ended November 30, 2010 compared to no net cash provided by or used~~ in ~~operating~~full ~~activities for~~ the ~~six~~outstanding ~~months~~amounts ~~ended~~due ~~November~~under ~~30, 2009. For~~ the ~~six~~Bank ~~months~~Note ~~ended~~described ~~November 30, 2010, net cash used~~ in ~~operations~~this ~~consisted~~Note ~~primarily~~9 ofwith ~~net income of $10,975, offset by non-cash expenses of $11,639 related to~~ the ~~accretion~~proceeds of ~~discount on convertible notes and a gain on change in fair value of conversion feature of $29,835. Additionally, changes in operating assets and liabilities impacted~~ the ~~net~~loan ~~cash provided~~ evidenced by ~~operating activities. These changes included an increase in accounts payable of $4,250, and an increase in accrued liabilities of $1,892. For~~ the ~~six~~UFO months ended November 30, 2009, net cash provided by operating activities consisted primarily of a net loss of $3,536 and a gain on change in fair value of conversion feature of $31,715 offset by non-cash expenses of $29,776 related to the accretion of discount on convertible notesNote. Additionally, changes in operating assets and liabilities impacted the net cash provided by operating activities. These changes included an increase in accrued liabilities of $5,430, and a decrease in bank overdraft of $45.

~~There~~On ~~was~~May no27, ~~net~~2011, ~~cash~~the ~~provided~~Company bypaid orin ~~used~~full the Credit Lines described in ~~financing~~Note ~~activities~~8 or- ~~investing~~Lines ~~activities~~of inCredit with the ~~six~~proceeds ~~months~~of ~~ended~~the ~~November~~loan ~~30,~~evidenced ~~2010~~by orthe ~~2009~~UFO Note.

~~Obtaining~~On ~~any~~May ~~additional~~30, ~~financing~~2011, ~~will~~BCM beEnergy ~~subject to a number of factors~~Partners, ~~including~~LLC ~~market~~converted its ~~conditions~~4,800,000 ~~investor~~shares ~~acceptance~~ of ~~our~~preferred ~~business~~stock ~~plan~~of ~~and~~the ~~investor~~Company ~~sentiment.~~into ~~These factors may make the timing~~96, ~~amount~~000,000 ~~terms~~shares ~~and conditions~~ of ~~additional~~common ~~financing unattractive or unavailable to us~~stock. ~~There can be no assurance that financing will be available to us on favorable terms or at all. If we are unable to obtain additional financing, we may be unable to continue operations.~~

~~Off~~On ~~Balance~~May ~~Sheet~~31, ~~Transactions~~2011, the Company incorporated a wholly owned subsidiary, BCM Energy Texas, LLC (“BCM Energy Texas”), in the State of Texas.

WeOn doJune ~~not~~21, ~~have~~2011, ~~any~~the ~~relationships~~Company ~~with~~executed ~~unconsolidated~~the Loeb ~~entities~~Royalty orSettlement ~~financial~~agreement ~~partnerships,~~in ~~such~~the asamount ~~entities~~of ~~often~~$240,000, ~~referred~~effectively toreducing asand ~~structured~~limiting ~~finance~~this orliability. ~~special~~To ~~purpose entities~~date, ~~which would have been established for~~ the ~~purpose~~Company has ofsubstantially ~~facilitating~~reduced ~~off-balance~~this ~~sheet~~liability ~~arrangements~~through orcash ~~other contractually narrow or limited purposes~~payments.

16On June 22, 2011, the UFO Note was amended and restated in the original principal amount of $1,525,000 to include additional funds loaned by UFO. This amended and restated UFO Note replaced the UFO Note executed on May 26, 2011. Also on June 22, 2011, the BCM Energy Louisiana, LLC operating agreement was amended with a provision that required full repayment of the UFO note by August 22, 2011 to effect an earn-out for the Company. This deadline passed without full repayment, so the equity ownership in BCM Energy Louisiana, LLC remains as 51% in favor of UFO and 49% in favor of the Company.

~~Item~~On 3.July ~~Quantitative~~18, 2011, the Company received a cancellation and ~~Qualitative~~release ~~Disclosures~~of ~~about~~garnishment ~~Market~~statement ~~Risk~~from Fowlkes Technology, LLC.

~~Not~~On ~~applicable~~July 22, 2011, the Company accepted the resignation of John Counce, III as Chief Operating Officer.

~~Item~~On 4July 22, 2011, the Company accepted the resignation of David M. ~~Controls~~Beach ~~and~~as ~~Procedures~~Chief Financial Officer.

~~Evaluation~~On ofJuly ~~Disclosure~~22, ~~Controls~~2011, the Company executed an Independent Contractor Agreement with Charles Mathews to serve as the Chief Financial Officer for the Company and ~~Procedures~~terminated the engagement letter with Mathews & Mann, LLC.

WeOn ~~maintain~~August ~~disclosure~~4, ~~controls and procedures~~2011, ~~as defined in Rule 13a-15(e) and Rule 15d-15(e) promulgated under~~ the ~~Securities~~Company ~~Exchange~~executed ~~Act~~a ofpromissory note ~~1934~~made ~~(the~~payable ~~"Exchange Act"), that are designed~~ to ~~ensure~~John ~~that~~Counce, ~~information~~II ~~required to be disclosed by us~~ in the ~~reports~~original ~~that~~principal weamount ~~file~~of ~~or submit under the Exchange Act is recorded~~$100,000 ~~processed, summarized and reported within~~ (the ~~time~~“Counce ~~periods~~Note”). ~~specified~~The inCounce ~~the Securities and Exchange Commission's rules and forms and that such information~~ Note is ~~accumulated~~due ~~and~~on ~~communicated~~October ~~to our management~~4, ~~including our Chief Executive Officer and Chief Financial Officer~~2011, ~~as appropriate to allow timely decisions regarding required disclosure. We carried out an evaluation, under the supervision~~ and ~~with~~has ~~the~~a ~~participation~~fixed interest of ~~our management~~$20, ~~including our principal executive officer and principal financial officer~~000, ~~of the effectiveness of our disclosure controls~~ and ~~procedures~~is ~~(as~~secured. ~~defined~~The inCompany ~~Rule~~used ~~13a-15(e) and 15d-15(e) of~~ the ~~Exchange~~proceeds ~~Act)~~from ~~as of~~ the ~~period~~Counce ~~covered~~Note to byfund ~~this~~legal ~~Report.~~and ~~Based~~audit onexpenses ~~the~~related ~~evaluation~~to ~~of these disclosure controls and procedures,~~ the ~~Chief~~Company’s ~~Executive~~effort ~~Officer~~to ~~and~~bring ~~Chief~~its ~~Financial~~SEC ~~Officer~~filings ~~concluded~~current ~~that our disclosure controls~~ and ~~procedures~~pay ~~were~~certain ~~not effective as of November 30, 2010~~accounts payable.

~~Management’s~~On ~~Report~~August on10, ~~Internal~~2011, ~~Control~~the ~~Over~~Company ~~Financial~~incorporated a ~~Reporting~~wholly owned subsidiary, BCM Energy EOR, LLC, in the State of Delaware.

~~Our~~On ~~management~~August is15, ~~responsible~~2011, ~~for~~the ~~establishing~~Company ~~and~~held ~~maintaining adequate internal control over financial reporting. Internal control over financial reporting is~~ a ~~set~~Special Meeting of ~~processes~~Stockholders ~~designed~~to ~~by,~~approve ~~or under~~ the ~~supervision~~adoption of, athe ~~company~~Company’s ~~principal~~Restated ~~executive~~Certificate ~~and~~of ~~principal~~Incorporation ~~financial~~to ~~officers~~effect a fifty-to-one reverse ~~provide~~stock ~~reasonable~~split. ~~assurance~~The ~~regarding~~proposal ~~the~~was ~~reliability~~approved ofby ~~financial~~a ~~reporting~~majority ~~and~~of the ~~preparation~~stockholders of ~~financial~~the ~~statements~~Company ~~for external purposes in accordance with GAAP~~ and ~~includes~~was ~~those~~effective ~~policies~~on ~~and~~August ~~procedures that:~~25, 2011.

·On ~~pertain~~August to15, 2011, the ~~maintenance~~Company ofexecuted ~~records~~an employment ~~that~~agreement inwith ~~reasonable~~Randall ~~detail~~Calais, ~~accurately~~as ~~and~~the ~~fairly~~Field ~~reflect~~Supervisor ~~our~~for ~~transactions~~the ~~and dispositions of our assets,~~Company.

· provide reasonable assurance our transactions are recorded as necessary to permit preparation of our financial statements in accordance with GAAP, and that receipts and expenditures are being made only in accordance with authorizations of our management and directors, and15

·On ~~provide~~August ~~reasonable~~17, ~~assurance~~2011, ~~regarding~~the ~~prevention~~Company’s orwholly-owned subsidiary, ~~timely~~BCM ~~detection~~Energy Texas, entered into a purchase agreement with Drum O&G to acquire 90% of ~~unauthorized~~Drum ~~acquisition~~O&G’s 18 working interests in oil and gas wells located in Liberty County, ~~use~~Texas orin ~~disposition~~exchange for $967,742 in cash, subject to ordinary adjustments. Drum O&G also granted to BCM Energy Texas a one-year option to acquire 90% of ~~our~~Drum ~~assets~~O&G’s ~~that~~17 ~~could~~working ~~have~~interests in oil and gas wells located in Liberty County, Texas. BCM Energy Texas also entered into a ~~material~~purchase ~~effect~~agreement onwith Drum Equipment to acquire 90% of Drum Equipment’s 27 working interests in oil and gas wells also located in Liberty County, Texas in exchange for $1,617,512 in cash, subject to ordinary adjustments. Drum Equipment also granted to BCM Energy Texas a one-year option to acquire 90% of Drum O&G’s 19 working interests in oil and gas wells located in Liberty County, Texas. (The purchase agreements with Drum O&G and Drum Equipment described in this paragraph are collectively referred to as the ~~financial~~“Drum ~~statements~~Purchase Agreement.”)

~~Because~~On ofAugust ~~its inherent limitations~~29, ~~internal control over financial reporting may not prevent or detect misstatements. It should be noted that any system of internal control~~2011, ~~however~~the ~~well~~Company ~~designed~~executed ~~and~~a settlement ~~operated,~~agreement ~~can~~with ~~provide~~Galleria ~~only~~Operating ~~reasonable~~Company, ~~and~~LLC ~~not~~related ~~absolute, assurance that the objectives of the system will be met. Also, projections of any evaluation of effectiveness~~ to ~~future~~an ~~periods~~account ~~are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate~~payable.

~~Under~~On ~~the~~September ~~supervision~~21, ~~and~~2011, ~~with~~ the ~~participation~~Company’s Board of ~~management,~~Directors ~~including~~approved ~~its~~a ~~principal~~change ~~executive~~in ~~officer and principal financial officer,~~ the Company’s ~~management~~fiscal ~~assessed~~year ~~the~~end ~~design~~from ~~and~~May ~~operating~~31 ~~effectiveness~~to ofDecember ~~internal~~31, ~~control~~effective ~~over financial reporting~~ as of ~~November 30, 2010 based on~~ the ~~framework~~fourth quarter ~~set forth~~ in ~~Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission~~2010.

~~Based~~On onSeptember ~~this~~21, ~~assessment~~2011, ~~management~~the ~~concluded~~Company ~~that~~entered into a joint venture agreement (“JVA”) with Red Canyon, Inc. (“Red Canyon”) to form BCM Energy Colorado, LLC (“BCMEC”). As a result of the JVA, the Company’s ~~internal~~controls ~~control~~51% ~~over~~of ~~financial~~BCMEC, ~~reporting~~and ~~was~~Red ~~not~~Canyon ~~effective~~controls 49% of BCMEC. In addition, in connection with the JVA, the Company entered into an independent contractor agreement with Christian Pierce to serve as the Vice President of ~~November~~Business 30Development and President of BCMEC. In consideration for these services, ~~2010~~the Company issued to Mr. Pierce 10,000 shares of common stock.

InOn ~~connection~~September ~~with~~26, 2011, the ~~assessment~~Company ~~described~~issued ~~above~~50,000 shares ~~management~~of ~~identified~~common ~~the~~stock, ~~following~~to ~~control~~National ~~deficiencies~~Eagles ~~that~~and ~~represent~~Angels ~~material~~Association, ~~weaknesses~~LLC atand ~~November~~NEAA 30Venture Research, ~~2010:~~LLC for business development and industry research.

17On September 27, 2011, the Company entered into an independent contractor agreement with Bryant Mook to serve as Vice President of Engineering and Geology for the Company. In consideration for these services, the Company issued to Mr. Mook 20,000 shares of common stock.

·On ~~The~~September ~~Company~~28, ~~failed~~2011, tothe ~~maintain~~Company entered into an ~~effective~~independent ~~control~~contractor ~~environment~~agreement ~~and~~with ~~had~~William ~~insufficient~~Hamm ~~oversight~~to ofserve ~~the~~as ~~design~~Vice ~~and~~President ~~operating effectiveness~~ of ~~the~~Enhanced ~~Company’s~~Oil ~~disclosure~~Recovery ~~controls~~Services ~~and~~for ~~internal~~the Company. ~~controls~~In ~~over~~consideration ~~financial~~for ~~reporting;~~these ~~insufficient~~services, ~~oversight to ensure that~~ the ~~302~~Company ~~sub-certifications~~issued ~~were~~to ~~completed;~~Mr. ~~infrequent~~Hamm ~~review of its corporate governance documents~~20,000 ~~policies~~shares ~~and procedures; and lack~~ of ~~proper~~common ~~segregation of duties~~stock.

·On ~~The~~September ~~Company~~30, ~~failed~~2011, tothe ~~maintain~~Company ~~effective~~entered into ~~controls~~a ~~over~~memorandum ~~the~~of ~~period-end~~understanding ~~financial~~(“MOU”) ~~reporting~~with ~~process~~Elliptical Oilfield Services, ~~including~~LLC ~~controls~~(“Elliptical”). ~~with~~Under the ~~respect~~MOU, Elliptical is to ~~journal~~provide ~~entries,~~introductions ~~account~~to ~~reconciliations~~sellers of oil and ~~proper~~gas ~~segregation~~properties; ofintroductions ~~duties.~~to ~~Journal~~investors, ~~entries~~brokers, ~~both~~analysts, bankers ~~recurring~~or ~~and~~similar ~~nonrecurring~~parties; access to geological, ~~were~~geophysical ~~not~~and ~~always~~engineering ~~accompanied~~data byassociated ~~sufficient~~with ~~supporting~~acquisition ~~documentation~~opportunities; and administrative ~~were~~support ~~not~~to ~~adequately~~the ~~reviewed~~Company. ~~and~~In ~~approved~~consideration ~~for~~of ~~validity~~these services, ~~completeness~~the Company issued to Elliptical 10,000 shares of common stock and ~~accuracy.~~agreed ~~Account~~to ~~reconciliations~~pay ~~over~~Elliptical ~~balance~~up ~~sheet~~to ~~accounts~~5.00% ~~were~~of ~~not~~the ~~always~~value ~~properly~~of ~~performed~~any ~~and~~potential ~~approved~~acquisition ~~for~~which ~~validity~~leads ~~and~~to ~~accuracy~~a consummated transaction that was the result of ~~supporting~~an ~~documentation~~introduction from Elliptical.

·On ~~The~~September ~~Company~~30, ~~did~~2011, ~~not~~the ~~maintain~~Company ~~proper~~issued ~~segregation~~120,000 shares of ~~duties.~~common ~~In certain instances~~stock, ~~persons responsible~~ to ~~review~~certain ~~transactions for validity~~employees, ~~completeness~~executives and ~~accuracy~~directors ~~were~~of ~~also~~the ~~responsible for preparation~~Company.

·On ~~The~~October ~~Company’s financial reporting person did not possess the requisite skill sets~~1, ~~knowledge~~2011, ~~education or experience to prepare~~ the ~~consolidated~~Company ~~financial~~issued ~~statements~~7,500 shares ~~and~~of ~~notes~~common tostock, ~~consolidated financial statements in accordance with GAAP or~~ to ~~review~~certain ~~the~~key ~~financial~~employees ~~statements~~of ~~and notes to~~ the ~~financial statements prepared by external consultants and professionals to ensure accuracy and completeness~~Company.

·On ~~The~~October 11, 2011, the Company ~~failed~~entered into an engagement agreement with Starlight Investments, LLC (“SIL”) to ~~maintain~~engage ~~effective~~SIL ~~controls~~on ~~within~~an exclusive and best efforts basis, to provide financial services to the ~~purchasing~~Company, including financial consulting and ~~accounts~~investment ~~payable~~banking ~~function~~services. BCM agreed to pay SIL a monthly retainer for up to three (3) months and up to 6.00% in closing fees upon a successful financing transaction.

·On ~~The~~October 13, 2011, the Company ~~failed~~entered into an extension agreement with Drum O&G and Drum Equipment related to ~~maintain~~the ~~effective~~Drum ~~general~~Purchase ~~computer~~Agreement ~~controls,~~dated ~~including~~August ~~ensuring~~17, ~~proper~~2011. ~~security~~In ~~access~~consideration for ~~within~~the extension, the ~~financial~~Company ~~application~~paid Drum O&G and toDrum ~~ensure~~Equipment ~~backups~~$25,000. ~~were~~This ~~performed~~extension inis ~~accordance~~for ~~with~~the ~~generally~~period ~~accepted~~ended ~~practices~~November 15, 2011.

·On ~~The~~October 19, 2011, the Company ~~failed~~executed a promissory note payable to ~~design~~the ~~sufficient~~OLB ~~controls~~Foundation, toInc. ~~mitigate~~(“OLB”) ~~risks~~in ~~within~~the amount of $200,000 (the ~~financial~~“OLB ~~reporting~~Note”). The OLB Note is due on November 1, ~~expenditures~~2012, ~~equity~~accrues interest at the annual rate of 10.00% percent, and ~~treasury~~is ~~functions~~[unsecured]. InThe ~~addition,~~Company used ~~insufficient~~the ~~corporate~~proceeds ~~governance~~from ~~and~~the ~~general~~OLB ~~computer~~Note ~~controls~~to ~~were~~fund ~~designed~~legal and ~~operating~~audit ~~effectively~~expenses related to ~~provide~~the ~~overriding~~Company’s ~~risk~~effort ~~mitigation~~to atbring ~~the~~its ~~entity~~SEC ~~level~~filings current and pay certain accounts payable. The Company issued 50,000 shares of its common stock to OLB in connection with the OLB Note.

~~This~~On ~~Quarterly~~October ~~Report~~19, ~~does~~2011, ~~not~~the ~~include~~Company anentered ~~attestation~~into a ~~report~~consulting ofagreement ~~the~~with ~~Company’s~~Brighton ~~registered~~Capital, ~~public~~LLC ~~accounting~~(“Brighton”) ~~firm~~to ~~regarding~~provide ~~internal~~certain ~~control~~strategic ~~over~~advisory ~~financial~~services ~~reporting. Management’s~~to ~~report~~the Company, ~~was~~including ~~not~~assisting ~~subject~~the toCompany ~~attestation~~with byits ~~the~~business ~~Company’s~~strategy, ~~registered~~acquisition ~~public~~strategy ~~accounting~~and ~~firm~~structure ~~pursuant~~and tocapital ~~temporary~~strategies. The ~~rules~~term of the ~~Securities~~agreement is 180 days unless it is mutually extended by both parties, and ~~Exchange~~the ~~Commission~~agreement ~~that~~can ~~permit~~be terminated by either party upon 30 days’ written notice to the other party. The Company issued to ~~provide~~Brighton ~~only~~20,000 ~~management’s~~shares ~~report~~of incommon ~~this~~stock ~~Quarterly~~valued at ~~Report~~$60,000.

~~Changes in Internal Control over Financial Reporting~~16

~~There~~On ~~were~~November no30, ~~changes~~2011, inthe ~~our~~Board ~~internal~~of ~~control~~Directors of ~~over~~the ~~financial~~Company ~~reporting~~terminated ~~during~~ the ~~six~~Independent ~~months~~Contractor ~~ended~~Agreement ~~November~~with ~~30,~~Charles ~~2010~~Mathews ~~that~~and ~~have~~removed ~~materially~~him ~~affected,~~as orthe ~~are~~Company’s ~~reasonably~~Chief Financial ~~likely to materially affect, our internal control over financial reporting~~Officer.

18On December 1, 2011, the Board of Directors of the Company appointed David M. Beach to serve as its Chief Financial Officer.

~~PART~~On IIDecember –1, ~~OTHER~~2011, ~~INFORMATION~~the Board of Directors of the Company appointed James Leach to serve as a director.

~~Item~~On 1December 5, 2011, the Company was notified by its Registered Agent in the State of Texas was served with process on December 2, 2011, with a Corporate Citation regarding a Petition and Request for Disclosures filed by Rock Ridge Resources, Inc f/k/a Green Star Energies, Inc. ~~Legal~~against ~~Proceedings~~BCM Energy Partners, Inc. f/k/a Aeon Holdings, Inc., BCM Energy Texas, LLC and BCM Energy Partners, LLC as defendants.

AsOn ofDecember ~~November 30~~29, ~~2010~~2011, ~~other than~~ the ~~proceedings described below, we knew of no material pending legal proceedings to which the~~ Company ~~was~~ received a ~~party~~receipt orand release of ~~which~~judgment ~~its~~from ~~property~~Red ~~was~~Stick ~~the~~Crushed ~~subject~~Concrete.

On ~~September~~January 2114, ~~2009~~2012, athe ~~civil~~Company ~~lawsuit~~entered ~~was~~into an ~~filed~~extension ~~against~~agreement ~~Green~~with ~~Star~~Drum ~~Energies,~~Oil ~~Inc.~~& ~~The lawsuit was filed in State Court in Beaver County, Pennsylvania by Bialy~~ Gas ~~Production Company~~, ~~LLC,~~Inc. and ~~Jonathan~~Drum M.Equipment ~~Bialy~~(“Drum asCompanies”) ~~plaintiffs.~~related ~~The plaintiffs allege that Green Star breached the terms of its contract~~ to ~~purchase certain oil and gas leases owned by Bialy Gas Production Company, LLC and~~ the ~~terms~~Gulf/Mitchell Purchase ofAgreement adated ~~later~~August ~~joint venture agreement between the parties. Alternatively~~17, ~~plaintiffs allege that they properly and validly terminated both the purchase agreement and the later joint venture agreement~~2011. ~~Plaintiffs~~This ~~are~~extension ~~seeking~~is auntil ~~non~~February ~~monetary declaratory judgment that the purchase agreement and the joint venture agreement are null and void and that Green Star has no interest in the subject oil and gas leases. On November 19~~29, 2009, defendant Green Star filed an answer in the State Court in Beaver County, Pennsylvania, denying plaintiffs allegations and counter-alleging that plaintiffs, among other things, intentionally interfered with Green Star's ability to complete the terms of the contracts and that plaintiffs' actions constituted breach on its part sufficient to forestall Bialy's right to the subject oil and gas leases2012.

~~The~~On ~~Company~~January ~~is not a party to this lawsuit however it may be affected by the outcome. If Green Star should be found to have improperly breached the purchase agreement~~25, ~~in particular~~2012, the ~~court~~Company ~~could~~acquired ~~grant plaintiff's request for a declaratory judgment that Green Star has no right~~the Dowdy, ~~title or interest to the oil and gas leases that were the subject of the purchase agreement~~A.E ~~If that were to happen then the sale of Green Star's interest in said oil~~ and ~~gas~~Parish leases to the Company would be rendered void and a nullity in which case the Company would no longer have ownership of that asset as a legal determination because Green Star would have been found to have sold an asset it did not own. This would eliminate the asset from ~~the~~Elliptical ~~balance~~Oilfield ~~sheet of the Company as of February 28~~Services, ~~2009~~LLC. ~~The~~In ~~transfer~~exchange offor ~~the~~these ~~shares~~leases, of the Company ~~previously~~agreed ~~paid~~ to Green Star and the warrants then granted as consideration for the purchase of the oil and gas lease interests would be voided and the entire Purchase Agreement from Green Star would be rescinded as a legal fact. In that eventissue 200,000 itshares ~~is the opinion~~ of ~~management~~common ~~that~~stock ~~rescission of the original Purchase Agreement between Green Star and the Company would preclude any further litigation between these parties. On February 24, 2010, plaintiffs filed a praecipe~~ to ~~discontinue the case in State Court in Beaver County, Pennsylvania~~Elliptical. ~~This effectively ends the case as of that date.~~

~~Our~~On ~~management~~January is31, ~~not~~2012, ~~aware~~Dr. ofRaymond ~~any~~G. ~~legal~~Bailey P.E. ~~proceedings~~resigned ~~contemplated~~as bythe ~~any~~Company’s ~~governmental~~Chief ~~authority~~Executive ~~against~~Officer usand David M. Beach was appointed as the Company’s Chief Executive Officer, as described below. In addition, on January 31, 2012, Dr. Bailey was appointed as the Company’s Executive Chairman and entered into an Employment Agreement with the Company.

~~Item~~On 1AJanuary 31, 2012, David M. ~~Risk~~Beach ~~Factors~~was appointed as the Company’s Chief Executive Officer. He also serves as the Company’s President and Chief Financial Officer.

~~Not~~On ~~applicable~~February 1, 2012, BCM Energy Partners, Inc. (the “Company”) entered into an employment agreement (the “Agreement”) with David M. Beach in connection with the January 31, 2012 appointment of Mr. Beach to the position of Chief Executive Officer of the Company.

~~Item~~On February 2~~. Unregistered~~, ~~Sales~~2012, the Company issued a total of ~~Equity~~535,000 ~~Securities~~shares to certain employees, executives and ~~Use~~directors of ~~Proceeds~~the Company.

~~None~~On March 1, 2012, the Company accepted the resignation of Vic Devlaeminck from the Board of Directors.

~~Subsequent~~On ~~Events~~March 2, 2012, the Company approved the nomination of Jeffrey B. Wolin to the Board of Directors.

~~Recent~~On ~~new~~March ~~accounting~~2, ~~standards~~2012 ~~require that management disclose~~ the ~~date~~company toexecuted ~~which~~a ~~subsequent~~letter of ~~events~~intent ~~have~~with ~~been~~Gulf ~~evaluated~~Coast ~~and~~Marine ~~the basis for such date. Accordingly~~Fabricators, ~~management~~Inc ~~has~~(“GCMF”) ~~evaluated~~to ~~subsequent~~acquire ~~events~~100% ~~through~~of ~~September 8, 2011,~~ the ~~date~~privately ~~upon~~held ~~which~~common ~~the~~stock ~~consolidated~~of ~~financial statements were issued~~GCMF.

On ~~October~~April 1516, ~~2009~~2012, the ~~Company~~company ~~incorporated~~engaged aGlobal Hunter ~~wholly~~Securities (“GHS”) as its non-~~owned~~exclusive ~~subsidiary,~~Financial ~~Aeon~~and ~~Energy,~~M&A ~~LLC,~~Advisor. inAs part of this agreement, the ~~State~~Company issued 185,000 shares of ~~Washington~~common stock to GHS.

~~On December 8, 2010, the Company issued 2,520,000 shares of common stock, valued at $80,975, as settlement of an outstanding convertible note.~~17

OnItem ~~December~~2.Management’s ~~25,~~Discussion ~~2010,~~and ~~the~~Analysis ~~Company~~of ~~incorporated~~Financial aCondition ~~wholly-owned~~and ~~subsidiary,~~Results ~~BCM Energy Louisiana, LLC, in the State~~ of ~~Louisiana~~Operations.

OnForward-Looking December 14, 2010, the Company entered into a purchase agreement with BCM Energy Partners, LLC to acquire its interest in an oil lease. The Company issued to BCM Energy Partners, LLC, 4,800,000 shares of preferred stock with a 20 for 1 conversion feature related to this agreement.Disclosure

19This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding future events and the future results of BCM Energy Partners, Inc. f/k/a Aeon Holdings, Inc. that are based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of BCM Energy Partners, Inc. f/k/a Aeon Holdings, Inc.’s management. Words such as “outlook,” “believes,” “expects,” “appears,” “may,” “will,” “should,” “anticipates” or the negative or correlations thereof or comparable terminology are intended to identify such forward-looking statements. These forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this Quarterly Report. We undertake no obligation to revise or update publicly any forward-looking statements.

~~On January 21, 2011, the Company issued 1,000,000 shares of common stock, valued at $180,000, to Karuk Holdings related to a service agreement.~~Introduction

OnThe ~~February~~following 9is a discussion of the financial condition of the Company as of March 31, 2011, and results of operations of the Company ~~issued~~as ~~273,616~~of ~~shares~~and offor ~~common~~the ~~stock,~~period ~~valued~~ended atMarch ~~$46~~31,~~515,~~ 2011. toThis ~~Vic~~discussion ~~Devlaeminck,~~should abe ~~director~~read in conjunction with the Financial Statements of the Company, and the related notes included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) for ~~services~~the year ending December 31, 2010.

~~On February 15, 2011, the Company issued 45,000 shares of common stock, valued at $1,395, to a consultant for services.~~Overview

OnDuring the period ended March 2931, 2011, the Company’s principal business was the acquisition and management of oil and gas properties. During the period ending March 31, 2011, the Company ~~issued~~had ~~403~~produced 2,~~225~~679 ~~shares~~barrels of ~~common~~oil ~~stock~~and $212,361 ~~valued~~in atgross ~~$250~~revenues,~~000~~ from the sale of oil produced by University Field, and tohad ~~Kodiak~~begun ~~Capital~~discussions ~~Group~~with ~~LLC~~several ~~related~~potential tosellers aof ~~financing~~oil ~~facility~~and gas properties.

OnThe ~~April~~Company’s ~~12,~~Financial Statements ~~2011~~included elsewhere in this Report have been prepared on a going concern basis, which implies the Company ~~changed~~will continue to realize its ~~name~~assets toand ~~“BCM~~discharge ~~Energy~~its ~~Partners,~~liabilities ~~Inc~~in the normal course of business.” The continuation of the Company as a going concern is dependent upon the ability of the Company to continue to acquire oil and ~~began~~gas ~~trading~~properties ~~under~~or obtain necessary financing to continue operations, and the ~~symbol~~attainment ~~BCME~~of onprofitable operations. At March 31, 2011, the Company ~~OTC~~had ~~Pink~~a ~~Market~~working capital deficit of ~~OTC~~$2,682,954 ~~Markets~~and ~~Group~~had accumulated losses of $508,235. ~~Inc~~The Company’s Financial Statements included elsewhere in this Report do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

OnThe ~~April~~Company’s ~~13,~~common ~~2011,~~shares ~~the~~are ~~Company~~currently ~~issued~~quoted on ~~165,000~~the ~~shares~~OTC ofPink ~~common~~market ~~stock,~~of ~~valued~~OTC atMarkets $5Group,~~000,~~ toInc. aunder ~~consultant~~the ~~for~~trading ~~services~~symbol “BCME.”

OnCritical ~~May~~Accounting 25Policies, Judgments ~~2011, the Company issued 705,000 shares of common stock, valued at $42,300, to certain employees, executives~~ and ~~directors of the Company.~~Estimates

OnOur ~~May~~discussion ~~30,~~and ~~2011~~analysis of our financial condition and results of operations is based upon our consolidated financial statements, ~~BCM~~which ~~Energy~~have ~~Partners~~been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”). The preparation of these consolidated financial statements requires us to make estimates, ~~LLC~~judgments ~~converted~~and ~~its~~assumptions 4that affect the reported amounts of assets,~~800~~ liabilities,~~000~~ ~~shares~~revenues and expenses, and the related disclosure of ~~preferred~~contingent ~~stock~~assets ~~into~~and 96liabilities. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances,~~000,000~~ ~~shares~~the results of ~~common~~which ~~stock~~form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

OnAn ~~May~~accounting 31policy is considered to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, ~~2011~~and if different estimates that reasonably could have been used, or changes in the ~~Company~~accounting ~~incorporated~~estimate athat ~~wholly-owned~~are ~~subsidiary~~reasonably likely to occur, ~~BCM~~could ~~Energy~~materially ~~Texas,~~impact ~~LLC,~~the consolidated financial statements. We believe that the following critical accounting policies reflect the more significant estimates and assumptions used in the ~~State~~preparation of ~~Texas~~the consolidated financial statements.

~~On August 10, 2011, the Company and a convertible note holder agreed to settle a $100,000 note for cash in the amount of $25,000.~~18

OnResults ~~August 10, 2011, the Company incorporated a wholly-owned subsidiary, BCM Energy EOR, LLC, in the State~~ of ~~Delaware.~~Operations

OnComparison ~~August 15, 2011, the Company held a Special Meeting~~ of ~~Stockholders to approve~~ the ~~adoption~~Three ofMonths Ended ~~the~~March ~~Company’s~~31, ~~Restated~~2011 ~~Certificate of Incorporation~~ to ~~effect a fifty to one reverse stock split. The proposal was approved by a major of~~ the ~~stockholders~~Three ofMonths ~~the~~Ended ~~Company~~March ~~and will be effective on August 16~~31, ~~2011~~2010.

On August 17, 2011, the Company’s wholly-owned subsidiary, BCM Energy Texas, LLC (“BCM Energy Texas”), entered into a Purchase Agreement with Drum Oil & Gas, Inc. (“Drum O&G”) to acquire 90% of Drum O&G’s 18 net revenue interests in oil and gas wells located in Liberty County, Texas in exchange for $967,742 in cash, subject to ordinary adjustments. Drum O&G also granted to BCM Energy Texas a one-year option to acquire 90% of Drum O&G’s 17 net revenue interests in oil and gas wells located in Liberty County, Texas. In addition, BCM Texas also entered into a Purchase Agreement with Drum Equipment, Inc. to acquire 90% of Drum Equipment’s 27 net revenue interests in oil and gas wells also located in Liberty County, Texas in exchange for $1,617,512 in cash, subject to ordinary adjustments. Drum Equipment also granted to BCM Energy Texas a one-year option to acquire 90% of Drum O&G’s 19 net revenue interests in oil and gas wells located in Liberty County, Texas.Revenues

~~Item~~The 3Company sold 2,679 barrels of oil and $212,361 in gross revenues, from the sale of oil produced by University Field for the period ending March 31, 2011. ~~Defaults~~ ~~upon~~The ~~Senior~~Company ~~Securities~~did not generate any revenue for the three months ended March 31, 2010.

~~None.~~Operating Expenses

~~Item~~We 4had total operating expenses of $575,383for the three months ended March 31, 2011. ~~(Removed~~ The Company had no operating expenses for the three months ended March 31, 2010. This increase is attributable to the operation and ~~Reserved)~~related management of University Field, in addition to an increase in our total employees and general corporate growth related to our merger with Aeon Holdings.

~~Item~~Our 5total operating expenses for the three months ended March 31, 2011 of$575,383 and were mainly consisted of $292,652 in professional fees and $188,518 in general and administrative expenses and $36,857 in lease operating expenses. ~~Other~~ ~~Information~~We recorded no operating expenses for the three months ending March 31, 2010.

~~None.~~Net Loss

~~Item~~We 6had a net loss of $369,006 for the three months ended March 31, 2011, which was an increase in net loss of $369,006 from zero net income for the three months ended March 31, 2010. ~~Exhibits.~~

~~See~~Liquidity ~~Exhibit~~and ~~Index.~~Capital Resources

20As of March 31, 2011, we had working capital deficit of $2,682,954. Since December 31, 2010, our working capital deficit has continued to increase as a result of continuing losses from operations. In order to maintain our current level of operations, we will require additional working capital from either cash flow from operations or proceeds from new investors. If we are unable to acquire additional working capital, we will be required to significantly reduce our level of operations. The report of our independent registered public accounting firm for the fiscal year ended December 31, 2010 states that due to our losses from operations and lack of working capital there is substantial doubt about our ability to continue as a going concern.

~~SIGNATURES~~For the three months ended March 31, 2011, net cash used in operations was $35,940 compared to $0 for the same period in 2010. The use was primarily due to net operating losses of $369,006 with an offset of non-cash transactions such as depletion and depreciation expense of $24,124 and common stock issued to service provider that recorded as an expense of $263,950. In addition, the increase in accounts receivable of $118,074 and salaries payable of $150,000 is other factor that affect the net cash used from operations for the three months ended March 31, 2011.

~~Pursuant~~For the three months ended March 31, 2011, net cash provided by financing activities was $59,184 compared to $0 for the ~~requirements~~same ofperiod ~~the~~in ~~Securities~~2010. ~~and~~The ~~Exchange~~net ~~Act~~cash provided by financing activities consists of ~~1934~~$50,000 ~~the~~proceeds ~~Registrant~~from ~~has~~note ~~duly~~payable ~~caused~~from ~~this~~UFO ~~report~~and to$31,523 beproceeds ~~signed~~from onrelated ~~its~~parties. ~~behalf~~It is offset by the payments ~~undersigned~~on ~~thereunto~~line ~~duly~~of ~~authorized~~credits from the bank of $21,339 and repayment to related party of $1,000.

	BCM ENERGY PARTNERS, INC.
	(Registrant)
September 8, 2011	By	/s/ Raymond G. Bailey
		Raymond G. Bailey
		Chief Executive Officer
September 8, 2011	By	/s/ Charles B. Mathews
		Charles B. Mathews
		Chief Financial Officer

We had no cash for the three months ended March 31, 2010 due to minimal activity before the acquisition of the University field in 2010.

21Obtaining any additional financing will be subject to a number of factors, including market conditions, investor acceptance of our business plan and investor sentiment. These factors may make the timing, amount, terms and conditions of additional financing unattractive or unavailable to us. There can be no assurance that financing will be available to us on favorable terms or at all. If we are unable to obtain additional financing, we may be unable to continue operations.

~~Exhibit~~Off ~~Index~~Balance Sheet Transactions

~~The~~We ~~following~~do ~~exhibits~~not ~~are~~have ~~filed~~any ~~herewith~~relationships with unconsolidated entities or ~~incorporated~~financial ~~herein~~partnerships, ~~pursuant~~such as entities often referred to ~~Regulation~~as ~~S-K~~structured finance or special purpose entities, ~~Item~~which would ~~601:~~have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.

Exhibit
31.1*	Certifications Pursuant to 18 U.S.C. Section 1350-Section 302, signed by Raymond G. Bailey, Chief Executive Officer.
31.2*	Certifications Pursuant to 18 U.S.C. Section 1350-Section 302, signed by Charles B. Mathews, Chief Financial Officer.
32*	Certification Pursuant to 18 U.S.C. Section 1350-Section 906, signed by Raymond G. Bailey, Chief Executive Officer and Charles B. Mathews, Chief Financial Officer.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

*Not ~~Filed herewith~~applicable.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) and Rule 15d-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 principal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) of the Exchange Act) as of the period covered by this Report. Based on the evaluation of these disclosure controls and procedures, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective as of March 31, 2011 because for the significant part of the year (a) we did not have adequate controls over our control environment, (b) our accounting processes lacked appropriate segregation of responsibilities necessary for an effective system of internal control, and (c) we were unable to complete the financial statements for the quarterly reporting periods in 2011 and for the year ended December 31, 2011, in a timely manner to enable us to file the Quarterly Reports on Forms 10-Q and the Annual Report on Form 10-K by the respective due dates. We believe that our lack of segregation of duties and inadequate controls over the control environment constitute material weaknesses in our internal control.

We are in the process of implementing the following measures to remediate these material weaknesses: (a) hire additional financial reporting and accounting personnel with relevant account experience, skills, and knowledge in the preparation of financial statements under the requirements of U.S.GAAP and financial reporting disclosure pursuant to SEC rules; and (b) continue to work with internal and external consultants to improve the process for collecting and reviewing information required for the preparation of financial statements. We plan on continuing to identify and implement remedial measures.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during the three months ended March 31, 2011 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

On February 8, 2011, the Company was served with a petition against BCM Energy Louisiana, LLC and BCM Energy Partners, LLC in Jefferson Parish, LA. This lawsuit related to an office lease agreement that the Company assumed from Milco Energy in relation to the July 2010 acquisition of University Field. This lawsuit was settled on August 29, 2011 for $20,000 to be paid in installments.

Item 1A.Risk Factors.

Not applicable.

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

None.

Item 3. Defaults upon Senior Securities

None.

Item 4. (Removed and Reserved)

Item 5. Other Information

None.

Item 6. Exhibits

See Exhibit Index.

SIGNATURES

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

	BCM ENERGY PARTNERS, INC.
	(Registrant)

June 21, 2012	By	/s/ David M. Beach
	David M. Beach
	Chief Executive Officer

Exhibit Index

The following exhibits are filed herewith or incorporated herein pursuant to Regulation S-K, Item 601:

Exhibit

31.1*		Certifications Pursuant to 18 U.S.C. Section 1350-Section 302, signed by David M. Beach, Chief Executive Officer.

32*		Certification Pursuant to 18 U.S.C. Section 1350-Section 906, signed by David M. Beach, Chief Executive Officer.

Filed herewith.

Filing Compare · BCM Energy Partners Inc.