UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended March 31, 2023
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from _______________ to _______________

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

~~Commission~~FOR THE ~~File~~QUARTERLY ~~No.~~PERIOD ~~000-52304~~ENDED June 30, 2023

~~SINO AMERICAN OIL CO (Exact name of registrant as specified in its charter)~~OR

Wyoming		02-3717729
(State or other jurisdiction		(IRS Employer
of incorporation or organization)		Identification No.)

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

~~2123~~For the ~~Pioneer~~transition ~~Ave,~~period ~~Cheyenne,~~from WYto ~~82001 (Address of principal executive offices and zip code) (360) 631-6022 (Registrant’s telephone number, including area code)~~

~~Securities~~COMMISSION FILE ~~registered pursuant to Section 12(b) of the Exchange Act~~NUMBER: 000-52304

~~Title~~Sino American ofOil ~~each class Trading Symbol(s) Name of each exchange on which registered Common OILY OTCPink~~Co

~~Indicate by check mark whether the registrant~~ (1)Exact name ~~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~~as ~~required~~specified toin ~~file~~its ~~such reports~~charter)~~, and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐~~

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted 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 such files). Yes ☒ No ☐

	Wyoming	02-3717729
	(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

	2123 Pioneer Ave, Cheyenne, WY	82001
	(Address of Principal Executive Offices)	(Zip Code)

~~Indicate~~360-361-8066 ~~by check mark whether the~~ (registrant’s istelephone ~~a large accelerated filer~~number, anincluding ~~accelerated~~area filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.code)

N/A

(former name or former mailing address, if changed since last report)

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act 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] No

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 (Section 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 [X] No

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.

Large accelerated filer ☐		Accelerated filer ☐		Non-accelerated filer ☒
Smaller reporting company ☒		Emerging growth company ☐

iIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

~~If an emerging growth company, indicate~~ Indicate by check mark ifwhether the registrant ~~has~~is ~~elected~~a ~~not~~shell tocompany ~~use~~(as ~~the~~defined ~~extended~~in ~~transition~~Rule ~~period~~12b-2 ~~for complying with any new or revised financial accounting standards provided pursuant to Section 13(a)~~ of the Exchange Act). ☐

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

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. ~~As of May 8, 2023, there were 134,584,500 shares of common stock, $0.0001 par value, outstanding.~~

iiAs of December 17, 2024, there were 134,584,500 shares of common stock, $0.0001 par value, outstanding.

~~TABLE OF CONTENTS~~-1-

PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS 1 ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 2 ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 3 ITEM 4. CONTROLS AND PROCEDURES 4 PART II - OTHER INFORMATION ITEM 1. LEGAL PROCEEDINGS 5 ITEM 1A. RISK FACTORS 5 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 5 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 5 ITEM 4. MINE SAFETY DISCLOSURES 5 ITEM 5. OTHER INFORMATION 5 ITEM 6. EXHIBITS 5 SIGNATURE PAGE 6INDEX

iii

		Page
PART I - FINANCIAL INFORMATION

ITEM 1	FINANCIAL STATEMENTS - UNAUDITED	F1
Balance SheetS - UNAUDITED		F1
StatementS of Operations- UNAUDITED		F2
STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT) - UNAUDITED		F3
StatementS of Cash Flows - unaudited		F4
Notes to THE Financial Statements - unaudited		F5

ITEM 2	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS	3
ITEM 3	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	4
ITEM 4	CONTROLS AND PROCEDURES	5

PART II - OTHER INFORMATION

ITEM 1	LEGAL PROCEEDINGS	6
ITEM 1A	RISK FACTORS
ITEM 2	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	6
ITEM 3	DEFAULTS UPON SENIOR SECURITIES	6
ITEM 4	MINE SAFETY DISCLOSURES	6
ITEM 5	OTHER INFORMATION	6
ITEM 6	EXHIBITS	6

SIGNATURES		7

-2-

Table of Contents

PART I - FINANCIAL INFORMATION

~~ITEM~~Sino American 1.Oil ~~FINANCIAL STATEMENTS~~Company

~~Table of Contents~~Balance Sheets

Balance Sheets as of March 31, 2023 (unaudited) and September 30, 2022	F-1
Statements of Operations for the three and six months ended March 31, 2023 and 2022 (unaudited)	F-2
Statements of Stockholders’ Deficit for the three and six months ended March 31, 2023 and 2021 (unaudited)	F-3
Statements of Cash Flows for the six months ended March 31, 2023 and 2022 (unaudited)	F-4
Notes to the Financial Statements (unaudited)	F-5

(Unaudited)

	June 30, 2023		September 30, 2022

ASSETS

Current Assets:
Cash	$	369	$	-
Total Assets	$	369	$	-

LIABILITIES & STOCKHOLDERS’ DEFICIT

Current Liabilities:
Accounts payable	$	126,368	$	105,317
Accrued interest		8,750		5,217
Accrued compensation - related party		225,000		225,000
Accrued compensation		225,000		225,000
Loan payable		114,103		199,492
Loans payable - related party		182,517		115,529
Total Current Liabilities		881,738		875,555
Total Liabilities		881,738		875,555

Shareholders' Deficit:
Series A preferred stock, $0.001 par value, 10,000,000 shares authorized; 0 shares issued and outstanding as of June 30, 2023 and September 30, 2022		-		-
Series B preferred stock, $0.001 par value, 10,000,000 shares authorized; 0 shares issued and outstanding as of June 30, 2023 and September 30, 2022		-		-
Common stock, $0.0001 par value, 2,000,000,000 shares authorized; 134,584,500 and 134,664,500 shares issued and outstanding; respectively		13,458		13,466
Common stock to be issued		20,000		20,000
Common stock held in escrow		(5,000,000)		(5,000,000)
Additional paid-in capital		7,196,657		7,196,649
Accumulated deficit		(3,111,484)		(3,105,670)
Total Stockholders’ Deficit		(880,369)		(875,555)
Total Liabilities and Stockholders’ Deficit	$	369	$	-

~~SINO~~The accompanying ~~AMERICAN~~notes ~~OIL~~are ~~COMPANY~~an integral part of these unaudited financial statements.

~~Balance Sheets~~F-1

	March 31, 2023		September 30, 2022
	(unaudited)
ASSETS
Current Assets:
Cash	$	923	$	-
Total Assets	$	923	$	-
LIABILITIES & STOCKHOLDERS’ DEFICIT
Current Liabilities:
Accounts payable	$	135,119	$	105,317
Accrued interest		-		5,217
Accrued compensation - related party		225,000		225,000
Accrued compensation		225,000		225,000
Loan payable		114,102		199,492
Loans payable - related party		182,517		115,529
Total Current Liabilities		881,738		875,555
Total Liabilities		881,738		875,555
Shareholders' Deficit:
Series A preferred stock, $0.001 par value, 10,000,000 shares authorized; 0 and 492,640 shares issued and outstanding; respectively		-		-
Series B preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding		-		-
Common stock, $0.0001 par value, 2,000,000,000 shares authorized; 134,584,500 and 134,664,500 shares issued and outstanding; respectively		13,458		13,466
Common stock to be issued		20,000		20,000
Common stock held in escrow		(5,000,000)		(5,000,000)
Additional paid-in capital		7,196,657		7,196,649
Accumulated deficit		(3,110,930)		(3,105,670)
Total Stockholders’ Deficit		(880,815)		(875,555)
Total Liabilities and Stockholders’ Deficit	$	923	$	-

Table of Contents

~~The~~Sino American ~~accompanying~~Oil ~~notes are an integral part of these unaudited financial statements.~~Company

~~F-1~~Statements of Operations

~~SINO AMERICAN OIL COMPANY~~(Unaudited)

Statements of Operations

		For the Three Months Ended June 30, 2023		For the Three Months Ended June 30, 2022		For the Nine Months Ended June 30, 2023		For the Nine Months Ended June 30, 2022

Operating Expenses:
Consulting	$	-	$	-	$	-	$	90,000
Consulting - related party		-		-		-		90,000
General and administrative		554		46,748		96,420		127,351
Total operating expenses		554		46,748		96,420		307,351

Loss from operations		(554)		(46,748)		(96,420)		(307,351)

Other Income (Expense):
Gain on forgiveness of debt		-		-		91,393		-
Interest expense		-		(778)		(787)		(2,335)
Total other income (expense)		-		(778)		90,606		(2,335)

Loss before provision for income taxes		(554)		(47,526)		(5,814)		(309,686)

Provision for income taxes		-		-		-		-

Net Loss	$	(554)	$	(47,526)	$	(5,814)	$	(309,686)

Net loss per share, basic and diluted	$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)
Weighted average shares outstanding, basic and diluted		134,584,500		130,189,115		134,584,500		120,360,764

~~(Unaudited)~~The accompanying notes are an integral part of these unaudited financial statements.

	For the Three Months Ended				For the Six Months Ended
	March 31,				March 31,
	2023		2022		2023		2022
Operating Expenses:
Consulting	$	-	$	45,000	$	-	$	90,000
Consulting - related party		-		45,000		-		90,000
General and administrative		36,766		46,219		95,866		80,603
Total operating expenses		36,766		136,290		95,866		260,603
Loss from operations		(36,766)		(136,290)		(95,866)		(260,603)
Other Income (Expense):
Gain on forgiveness of debt		91,393		-		91,393		-
Interest expense		-		(770)		(787)		(1,557)
Total other income (expense)		91,393		(770)		90,606		(1,557)
Income (loss) before provision for income taxes		54,627		(136,989)		(5,260)		(262,160)
Provision for income taxes		-		-		-		-
Net Income (Loss)	$	54,627	$	(136,989)	$	(5,260)	$	(262,160)
Net income (loss) per share, basic and diluted	$	0.00	$	(0.00)	$	(0.00)	$	(0.00)
Weighted average shares outstanding, basic and diluted		134,584,500		116,941,167		134,585,819		114,244,665

F-2

~~The accompanying notes are an integral part~~ Table of ~~these unaudited financial statements.~~Contents

~~F-2~~Sino American Oil Company

~~SINO~~Statement of ~~AMERICAN~~Changes ~~OIL~~in ~~COMPANY~~Shareholders’ Equity (Deficit)

~~Statements~~For the ofPeriod ~~Changes~~Ended inJune ~~Shareholders’~~30, ~~Equity (Deficit)~~2023

~~For the Three and Six Months Ended March 31, 2023 and 2022~~(Unaudited)

(Unaudited)

	Preferred Stock Shares		Preferred Stock Amount	Common Stock Shares		Common Stock Amount		Additional Paid-in Capital		Common stock To be Issued		Shares Held in Escrow		Accumulated Deficit		Total Stockholders’ Deficit

Balances, September 30, 2022	-	$	-	1,346,664,500	$	13,466	$	7,196,649	$	20,000	$	(5,000,000)	$	(3,105,670)	$	(875,555)
Shares cancelled	-		-	(80,000)		(8)		8		-				-		-
Net loss	-		-	-		-		-		-				(59,887)		(59,887)
Balances, December 31, 2022	-	$	-	1,346,584,500	$	13,458	$	7,196,657	$	20,000	$	(5,000,000)	$	(3,165,557)	$	(935,442)
Net income	-		-	-		-		-		-		-		54,627		54,627
Balances, March 31, 2023	-	$	-	1,346,584,500	$	13,458	$	7,196,657	$	20,000	$	(5,000,000)	$	(3,110,930)	$	(880,815)
Net loss	-		-	-		-		-		-		-		(554)		(554)
Balances, June 30, 2023	-	$	-	1,346,584,500	$	13,458	$	7,196,657	$	20,000	$	(5,000,000)	$	(3,111,484)	$	(881,369)

	Preferred Stock			Common Stock
	Shares	Amount		Shares	Amount		Additional Paid-in Capital		Common stock To be Issued		Shares Held In Escrow		Accumulated Deficit		Total Stockholders’ Deficit
Balance, September 30, 2022	-	$	-	134,664,500	$	13,466	$	7,196,649	$	20,000	$	(5,000,000)	$	(3,105,670)	$	(875,555)
Shares cancelled	-		-	(80,000)		(8)		8		-		-		-		-
Net loss	-		-	-		-		-		-		-		(59,887)		(59,887)
Balance, December 31, 2022	-	$	-	134,584,500	$	13,458	$	7,196,657	$	20,000	$	(5,000,000)	$	(3,165,557)	$	(935,442)
Net income	-		-	-		-		-		-		-		54,627		54,627
Balance, March 31, 2023	-	$	-	134,584,500	$	13,458	$	7,196,657	$	20,000	$	(5,000,000)	$	(3,110,930)	$	(880,815)

Sino American Oil Company

	Preferred Stock			Common Stock
	Shares	Amount		Shares	Amount		Additional Paid-in Capital		Common stock To be Issued		Accumulated Deficit		Total Stockholders’ Deficit
Balance, September 30, 2021	492,640	$	493	113,944,500	$	11,394	$	2,091,470	$	20,000	$	(2,658,636)	$	(535,279)
Shares issued for services	-		-	80,000		8		-		-		-		8
Net loss	-		-	-		-		-		-		(125,171)		(125,171)
Balance, December 31, 2021	492,640	$	493	114,024,500	$	11,402	$	2,091,470	$	20,000	$	(2,783,807)	$	(660,442)
Shares issued for services - related party	-		-	17,500,000		1,750		-		-		-		1,750
Net loss	-		-	-		-		-		-		(136,989)		(136,989)
Balance, March 31, 2022	492,640	$	493	131,524,500	$	13,152	$	2,091,470	$	20,000	$	(2,920,796)	$	(795,681)

Statement of Changes in Shareholders’ Equity (Deficit)

~~The~~For the ~~accompanying~~Period ~~notes~~Ended ~~are~~June an30, ~~integral~~2022 ~~part of these unaudited financial statements.~~

~~F-3~~(Unaudited)

SINO AMERICAN OIL COMPANY

	Preferred Stock Shares		Preferred Stock Amount	Common Stock Shares		Common Stock Amount		Additional Paid-in Capital		Common stock To be Issued		Accumulated Deficit		Total Stockholders’ Deficit

Balances, September 30, 2021	492,640	$	493	113,944,500	$	11,394	$	2,091,470	$	20,000	$	(2,658,636)	$	(535,279)
Shares issued for services	-		-	80,000		8		-		-		-		8
Net loss	-	$	-	-	$	-	$	-	$	-	$	(125,171)	$	(125,171)
Balances, December 31, 2021	492,640	$	493	114,024,500	$	11,402	$	2,091,470	$	20,000	$	(2,783,807)	$	(660,442)
Shares issued for services - related party	-		-	17,500,000		1,750		-		-		-		1,750
Net loss	-		-	-		-		-		-		(136,989)		(136,989)
Balances, March 31, 2022	492,640	$	493	131,524,500	$	13,152	$	2,091,470	$	20,000	$	(2,920,796)	$	(795,681)
Shares cancelled	(328,428)		(328)	(1,960,000)		(1,960)		2,288		-		-		-
Net loss	-		-	-		-		-		-		(47,526)		(47,526)
Balances, June 30, 2022	164,212	$	165	129,564,500	$	11,192	$	2,093,758	$	20,000	$	(2,968,322)	$	(843,207)

~~Statements~~The accompanying notes are an integral part of ~~Cash~~these ~~Flows~~unaudited financial statements.

~~(Unaudited)~~F-3

	For the Six Months Ended March 31,
	2023		2022
Cash Flows from Operating Activities:
Net loss	$	(5,260)	$	(262,160)
Adjustments to reconcile net loss to net cash used by operating activities:
Stock issued for services		-		8
Stock issued for services - related party		-		1,750
Gain on forgiveness of debt		(91,393)
Changes in operating assets and liabilities:
Accounts payable		29,801		8,775
Accrued interest		787		1,557
Accrued compensation		-		90,000
Accrued compensation - related party		-		90,000
Net cash used by operating activities		(66,065)		(70,070)
Cash Flows from Investing Activities:		-		-
Cash Flows from Financing Activities:
Proceeds from loans payable		-		31,848
Proceeds from loans payable - related party		66,988		40,000
Net cash provided by financing activities		66,988		71,848
Net change in cash		923		1,778
Cash at beginning of period		-		10
Cash at end of period	$	923	$	1,788
Cash paid during the period for:
Cash paid for interest	$	-	$	-
Cash paid for taxes	$	-	$	-

Table of Contents

~~The~~Sino American ~~accompanying~~Oil ~~notes are an integral part of these unaudited financial statements.~~Company

~~F-4~~Statements of Cash Flows

~~SINO AMERICAN OIL COMPANY~~(Unaudited)

Notes to Financial Statements

		For the Nine Months Ended June 30, 2023		For the Nine Months Ended June 30, 2022
Cash Flows from Operating Activities:
Net loss	$	(5,814)	$	(309,686)
Adjustments to reconcile net loss to net cash used by operating activities:
Stock issued for services		-		8
Stock issued for services - related party		-		1,750

Changes in operating assets and liabilities:
Accounts payable		21,051		50,659
Accrued interest		3,533		2,334
Accrued compensation		-		90,000
Accrued compensation - related party		-		90,000
Net cash provided by (used in) operating activities		18,770		(74,935)

Cash Flows from Investing Activities:		-		-

Cash Flows from Financing Activities:
Proceeds from loans payable		(85,389)		31,848
Proceeds from loans payable - related party		66,988		43,077
Net cash provided by (used in) financing activities		(18,401)		71,848

Net change in cash		369		(10)
Cash at beginning of period		-		10
Cash at end of period	$	369	$	-

Cash paid during the period for:
Cash paid for interest	$	-	$	-
Cash paid for taxes	$	-	$	-

~~March~~The accompanying ~~31,~~notes ~~2023~~are an integral part of these unaudited financial statements.

~~NOTE 1~~ F- ~~DESCRIPTION OF BUSINESS AND HISTORY~~4

~~Sino American Energy Company (the “Company”) was incorporated as Raphael Industries Ltd. on October 31, 2005 under the laws~~ Table of ~~the State of Nevada. On November 11, 2010 the Company changed its name to Sino American Oil Company in anticipation of the Company’s new business direction, the exploration for oil and gas.~~Contents

~~The~~Sino American ~~company~~Oil ~~has re-domiciled its corporate status from Nevada to Wyoming in August 2018.~~Company

~~NOTE~~Notes to 2the -Unaudited ~~SUMMARY~~Financial ~~OF SIGNIFICANT POLICIES~~Statements

~~Basis~~Note 1 - Organization and Description of ~~presentation~~Business

~~The~~Sino American Energy Company’s ~~unaudited financial statements have been prepared in accordance with accounting principles generally accepted in~~ (the ~~United States of America (~~“~~U.S. GAAP~~Company”). ~~The~~was ~~accompanying~~incorporated ~~unaudited~~as ~~financial~~Raphael ~~statements~~Industries ~~have~~Ltd. ~~been~~on ~~prepared~~October by31, ~~the~~2005 ~~Company~~under ~~without audit. In~~ the ~~opinion~~laws of ~~management, all adjustments (which include only normal recurring adjustments) necessary to present fairly~~ the ~~financial position, results~~ State of ~~operations,~~Nevada. ~~and~~On ~~cash~~November ~~flows at March 31~~11, ~~2023,~~2010 ~~and for~~ the ~~related~~Company ~~periods~~changed ~~presented~~its ~~have~~name ~~been reflected. The results are not necessarily indicative of the results~~ to beSino ~~expected~~American ~~for~~Oil ~~the~~Company ~~full year ending September 30, 2023. These unaudited financial statements should be read~~ in ~~conjunction~~anticipation ~~with~~of the ~~financial statements and footnotes included in the~~ Company’s ~~Annual~~new ~~Report~~business direction, onthe ~~Form~~exploration ~~10-K~~ for ~~the~~oil ~~year ended September 30, 2022, filed with the Securities~~ and ~~Exchange Commission~~gas.

~~Use~~The ofcompany has ~~estimates~~re-domiciled its corporate status from Nevada to Wyoming in August 2018.

~~The~~Note 2 ~~preparation~~- ofSummary ~~financial statements in conformity with accounting principles generally accepted in the United States~~ of ~~America~~Significant ~~(“U.S.~~Accounting GAAP”) requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Actual results could differ from those estimates.Policies

~~Stock-based~~Basis of ~~Compensation~~presentation

WeThe ~~account~~Company’s unaudited ~~for~~financial ~~equity-based~~statements ~~transactions~~have ~~with~~been ~~employees~~prepared ~~and~~in ~~non-employees~~accordance ~~under~~with ~~the~~accounting ~~provisions~~principles ofgenerally ~~FASB~~accepted ~~ASC~~in ~~Topic~~the ~~718,~~United ~~“Compensation~~States -of America ~~Stock Compensation”~~ (~~Topic~~“U.S. ~~718~~GAAP”),. ~~which~~The ~~establishes~~accompanying ~~that~~unaudited ~~equity-based~~financial ~~payments~~statements tohave ~~employees~~been ~~and~~prepared ~~non-employees~~by ~~are~~the ~~recorded~~Company atwithout audit. In the ~~grant~~opinion ~~date~~of ~~the~~management, ~~fair~~all ~~value~~adjustments of(which ~~the~~include ~~equity~~only ~~instruments~~normal ~~the~~recurring ~~entity~~adjustments) isnecessary ~~obligated~~ to ~~issue~~present ~~when~~fairly the ~~employees~~financial position, ~~and~~results ~~non-employees~~of ~~have~~operations, ~~rendered the requisite service~~ and ~~satisfied~~cash ~~any~~flows ~~other~~at ~~conditions~~March ~~necessary~~31, to2023, ~~earn~~and for the ~~right~~related toperiods ~~benefit~~presented ~~from~~have ~~the~~been ~~instruments~~reflected. ~~Topic~~The ~~718~~results are ~~also~~not ~~states~~necessarily ~~that~~indicative ~~observable market prices~~ of ~~identical~~the orresults ~~similar~~to ~~equity~~be orexpected ~~liability~~for ~~instruments in active markets are~~ the ~~best~~full ~~evidence~~year ofending ~~fair~~September ~~value and~~30, if2023. ~~available,~~These unaudited financial statements should be ~~used~~read asin ~~the~~conjunction ~~basis~~with ~~for~~ the ~~measurement~~financial ~~for~~statements ~~equity~~ and ~~liability~~footnotes ~~instruments~~included ~~awarded~~ in ~~these~~the ~~share-based~~Company’s ~~payment~~Annual ~~transactions.~~Report ~~However,~~on ifForm ~~observable~~10-K ~~market~~for the ~~prices~~year ofended ~~identical~~September or30, ~~similar equity or liability instruments are not available~~2022, ~~the~~filed ~~fair value shall be estimated by using a valuation technique or model that complies~~ with the ~~measurement~~Securities ~~objective,~~and asExchange ~~described in FASB ASC Topic 718~~Commission.

~~Recent~~Use ~~Accounting Pronouncements~~of estimates

The ~~Company~~preparation of ~~has~~financial ~~implemented~~statements ~~all~~in ~~new~~conformity with accounting ~~pronouncements~~principles ~~that~~generally ~~are~~accepted in ~~effect~~the United States of America (“U.S. ~~These~~GAAP”) requires ~~pronouncements~~the ~~did~~Company ~~not~~to ~~have~~make ~~any~~estimates ~~material~~and ~~impact~~judgments onthat affect the ~~financial~~reported ~~statements~~amounts ~~unless~~of ~~otherwise~~assets ~~disclosed~~and liabilities, revenues and ~~the~~expenses, and ~~Company~~related ~~does~~disclosures ~~not~~of ~~believe~~contingent ~~that~~assets ~~there~~and ~~are~~liabilities. ~~any~~These ~~other~~estimates ~~new~~and ~~accounting~~judgments ~~pronouncements~~are ~~that~~based ~~have~~on ~~been~~historical ~~issued~~information, information that ~~might~~is ~~have~~currently aavailable ~~material~~to ~~impact~~the Company and on ~~its~~various ~~financial~~other ~~position~~assumptions orthat the Company believes to be reasonable under the circumstances. Actual results ofcould ~~operations~~differ from those estimates.

~~F-5~~Cash and Cash Equivalents

~~NOTE~~The 3Company -considers ~~GOING~~all ~~CONCERN~~highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents at June 30, 2023 and September 30, 2022 were $369 and $0, respectively.

~~The~~Income accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has no source of revenue, has suffered recurring losses since inception and has no assurance of future profitability. The Company will continue to require financing from external sources to finance its operating and investing activities until sufficient positive cash flows from operations can be generated. There is no assurance that financing or profitability will be achieved, accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.Taxes

~~NOTE~~The 4Company -accounts ~~LOAN~~for ~~PAYABLE~~income taxes under ASC 740, “Income Taxes.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized at June 30, 2023 and September 30, 2022.

OnBasic ~~September~~Earnings ~~1, 2021, the Company entered into a loan agreement with Home Run Oil and Gas, Inc.~~ (~~“Home Run”~~Loss). ~~Home~~Per Run loaned the company $114,103 ($150,000 CAD). The loan in non-interest bearing and is due on or before November 30, 2021. During Q2 of FY 2023 this loan and all accrued interest were forgiven in full for a gain on forgiveness of debt of 91,393.Share

~~NOTE~~The 5Company -computes ~~COMMON~~basic ~~STOCK~~and diluted earnings (loss) per share in accordance with ASC Topic 260, Earnings per Share. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company.

OnThe ~~October~~Company 3,does ~~2022,~~not ~~the~~have ~~Company~~any ~~cancelled~~potentially dilutive ~~80,000~~instruments ~~shares~~as of ~~common~~June ~~stock previously issued to Dennis Eubanks on November 15~~30, ~~2021,~~2023 ~~per the terms of a MOU between the Company~~ and, ~~Estacado Energy~~thus, ~~LLC.~~anti-dilution ~~The~~issues ~~Company~~are ~~chose~~ not ~~to proceed with the acquisition~~ applicable ~~to the MOU~~.

~~NOTE~~Fair 6Value -of ~~PREFERRED~~Financial ~~STOCK~~Instruments

~~Effective~~The ~~June~~Company’s balance 3,sheet ~~2019,~~includes ~~the~~certain ~~Company~~financial ~~amended~~instruments. ~~its~~The ~~article~~carrying amounts of ~~incorporation~~current assets and ~~authorized~~current ~~10,000,000~~liabilities ~~shares~~approximate oftheir fair ~~Series~~value Abecause ~~preferred~~of ~~stock,~~the ~~par~~relatively ~~value~~short ~~$0.001~~period ~~and~~of ~~10,000,000~~time ~~shares~~between ofthe ~~Series~~origination Bof ~~preferred~~these ~~stock,~~instruments ~~par~~and ~~value~~their $0expected realization.~~001.~~

~~Series~~ASC A820, Fair ~~Preferred~~Value ~~Stock~~Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

~~Each~~- ~~share~~Level of1 ~~Series~~- AUnadjusted isquoted ~~convertible~~prices in ~~into~~active 1markets that are accessible at the measurement date for identical,~~000~~ ~~shares~~unrestricted ofassets ~~common~~or liabilities.

As- ofLevel ~~March~~2 31- Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, ~~2023~~either directly or indirectly, ~~there~~including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not noactive; ~~outstanding~~inputs ~~shares~~other ofthan quoted prices that are observable for the ~~Series~~asset Aor ~~Preferred~~liability ~~Stock~~(e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

~~Series~~- BLevel ~~Preferred~~3 ~~Stock~~- Inputs that are both significant to the fair value measurement and unobservable.

~~Effective~~Fair ~~July~~value ~~14,~~estimates ~~2021,~~discussed ~~the~~herein are ~~Company~~based ~~designated~~upon ~~its~~certain ~~Series~~market Bassumptions ~~Preferred~~and ~~Stock~~pertinent asinformation ~~voting~~available ~~only~~to ~~shares~~management atas 1of June 30,~~000~~ ~~votes~~2023. ~~per~~The ~~share~~respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accrued expenses.

~~NOTE~~Related ~~7 - COMMITMENTS AND CONTINGENCIES~~Parties

OnThe ~~July 19, 2022, the~~ Company ~~entered~~follows ~~into~~ASC an850, Related Party ~~Acquisition Agreement (the “Agreement”) with Tritium Inc.~~Disclosures, for ~~a corporation organized under~~ the ~~laws~~identification of ~~the~~related ~~Province~~parties ~~of Alberta, Canada (“Tritium”)~~ and ~~the~~disclosure ~~shareholders~~ of ~~Tritium~~related ~~(the~~party ~~“Shareholders”) after obtaining requisite approval from the Company’s board of directors, which determined that the transaction was in the best interests of the Company and its stockholders~~transactions.

~~Pursuant to the Agreement, the Company will acquire 100% of the shares of Tritium through a wholly~~Share-~~owned~~Based subsidiary of the Company, Sino Acquisition Corp. The Company will also acquire all assets of Tritium in the transaction. In exchange for 100% of the shares of Tritium, the Company issued five million (5,000,000) shares of common stock at $1.00 a share for a total transaction value of USD $5,000,000.Compensation

InASC ~~July~~718, ~~2022~~“Compensation – Stock Compensation”, ~~Tritium~~prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. aTransactions ~~22%~~include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership inplans ~~Base~~and ~~Element~~stock ~~Energy~~appreciation ~~Inc~~rights. Share-based payments to employees, aincluding ~~corporation~~grants ~~organized~~of ~~under~~employee stock options, are recognized as compensation expense in the ~~laws~~financial ofstatements based on their fair values. That expense is recognized over the ~~Province~~period ofduring ~~Alberta~~which an employee is required to provide services in exchange for the award, ~~Canada~~known as the requisite service period (usually the vesting period).

The ~~acquisition~~Company isaccounts ~~subject~~for tostock-based compensation ~~the~~issued ~~delivery~~to ofnon-employees ~~U.S.~~and ~~GAAP~~consultants ~~audited~~in ~~financial~~accordance ~~statements~~with ~~from Tritium and~~ the ~~transfer~~provisions of ~~title~~ASC ~~and~~505-50, ~~ownership~~“Equity of– ~~the~~Based ~~company~~Payments to ~~and~~Non-Employees.” Measurement ~~its~~of ~~assets~~share-based topayment ~~the~~transactions ~~Company.~~with ~~The~~non-employees ~~Company~~ is inbased on the ~~process~~fair value of ~~updating~~whichever ~~its~~is ~~SEDAR~~more ~~filings~~reliably inmeasurable: (a) ~~Canada~~the togoods ~~remain~~or ~~compliant~~services inreceived; ~~Alberta~~or ~~and~~(b) ~~meet~~ the ~~requirement~~equity ofinstruments ~~the ASE~~issued. The ~~This~~fair value ~~acquisition~~of ~~will~~the beshare-based ~~subject~~payment totransaction ~~the~~is ~~Company~~determined ~~being~~at ~~fully~~the ~~compliant~~earlier ~~with~~of ~~the~~performance ~~Securities~~commitment ~~regulators~~date ofor ~~both~~performance ~~the~~completion Udate.~~S. and Canada.~~

FThe Company had no stock-6based compensation plans as of June 30, 2023.

~~Until~~The ~~all~~Company’s ~~terms~~stock-based ~~and~~compensation expense ~~conditions~~for of the ~~Agreement~~periods ~~have~~ended ~~been~~June ~~met and the acquisition is considered closed the 5~~30,~~000,000~~ ~~shares~~2023 ofand ~~common~~2022 ~~stock~~was ~~are~~$0 and ~~being~~$8 ~~held in escrow~~respectively.

~~NOTE~~Recently 8Issued -Accounting ~~RELATED PARTY TRANSACTIONS~~Pronouncements

~~On April 18, 2017, the Company entered into a Convertible Loan Agreement with Kim Halvorson, former CEO and Director.~~ The ~~loan agreement was entered into pursuant to Ms. Halvorson’s agreement to fund the initial expenses of the~~ Company. ~~Per~~has ~~the~~implemented ~~terms~~all ofnew accounting ~~the~~pronouncements ~~agreement~~that ~~any funds loaned to the company or paid out on behalf of the Company will be convertible into shares of common stock at $0.0001 per share. The loans~~ are ~~due~~in oneffect ~~demand~~ and ~~non-interest~~that ~~bearing.~~may ~~During~~impact ~~the~~its ~~year~~financial ~~ended~~statements ~~September 30, 2021, Ms. Halvorson~~ and ~~Triage~~does ~~MicroCap~~not ~~Advisors~~believe ~~LLC~~that ~~(“Triage”)~~there (aare ~~company~~any ~~owned~~other new bypronouncements ~~Ms.~~that ~~Halvorson)~~have ~~loaned~~been ~~the~~issued ~~Company~~that anmight ~~$33,684~~have ~~and~~a ~~converted~~material ~~$8,707~~impact ~~into~~on ~~8,680,000~~its ~~shares~~financial ofposition ~~common~~or ~~stock.~~results ~~During the quarter ended March 31, 2022, Ms. Halvorson loaned the Company an additional $20,000. As~~ of ~~March 31, 2023, the balance due to Ms~~operations. ~~Halvorson is $69,309.~~

~~During the year ended September 30, 2021, Mr. Tang, advance the Company $494 to pay general operating expenses. The advance is non~~F-~~interest bearing and due on demand. During the quarter ended March 31, 2022, Mr. Tang loaned the Company an additional $20,000. As of March 31, 2023, the balance due to Mr. Tang is $20,494.~~5

~~Since March 14, 2022, Mr. Aleksandrov, Director, has advanced the Company a total~~ Table of ~~$92,713 to pay for general operating expenses.~~Contents

NOTE 9 3 - ~~SUBSEQUENT~~GOING ~~EVENTS~~CONCERN

~~Management~~The ~~has~~accompanying unaudited ~~evaluated~~financial ~~subsequent~~statements ~~events~~have ~~pursuant~~been toprepared on a going concern basis, which contemplates the ~~requirements~~realization of ~~ASC~~assets ~~Topic~~and ~~855,~~the ~~Subsequent~~satisfaction of ~~Events~~liabilities in the normal course of business. The Company has no source of revenue, has suffered recurring losses since inception and has no assurance of future profitability. The Company will continue to require financing from ~~the~~external ~~balance~~sources ~~sheet~~to ~~date~~finance ~~through~~its ~~the~~operating and ~~date~~investing activities until sufficient positive cash flows from operations can be generated. There is no assurance that financing or profitability will be achieved, accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. The financial statements ~~were~~of ~~issued~~the ~~and~~Company ~~has~~do ~~determined~~not include any adjustments that nomay ~~material~~result ~~subsequent~~from ~~events~~the ~~exist~~outcome of these uncertainties.

FNOTE 4 -7 LOANS PAYABLE

~~ITEM~~On 2September 1, 2021, the Company entered into a loan agreement with Home Run Oil and Gas, Inc. ~~MANAGEMENT’S~~(“Home ~~DISCUSSION~~Run”). ~~AND~~Home ~~ANALYSIS~~Run OFloaned ~~FINANCIAL~~the ~~CONDITION~~Company $114,103 ($150,000 ~~AND~~CAD). ~~RESULTS~~The OFloan ~~OPERATIONS~~is non-interest bearing and was due on or before November 30, 2021. This loan is currently past due.

~~The~~During ~~following~~the year ~~discussion~~ended ~~should~~September be30, ~~read~~2022, inthe ~~conjunction~~Company ~~with~~entered ~~our~~into ~~condensed~~a ~~consolidated~~loan ~~financial~~agreement ~~statements~~with ~~and~~White ~~notes~~Sands toSecurities ~~our~~(“White ~~financial~~Sands”). ~~statements~~White Sands ~~included~~loaned ~~elsewhere~~the inCompany ~~this~~approximately ~~report~~$85,389. ~~This~~During ~~discussion~~Q2 ~~contains~~of ~~forward-looking~~FY ~~statements~~2023 ~~that~~this ~~involve~~loan ~~risks~~ and ~~uncertainties.~~all ~~Actual~~accrued ~~results~~interest ~~could~~of ~~differ~~approximately ~~materially~~$6,004, ~~from~~were forgiven ~~those anticipated~~ in ~~these~~full ~~forward-looking~~for ~~statements~~a asgain aon ~~result~~forgiveness of ~~various~~debt ~~factors discussed elsewhere in this report~~of 91,393.

~~Overview~~NOTE 5 - COMMON STOCK

~~Sino~~On ~~American~~October 3, ~~Oil~~2022, ~~Company (~~the “Company”) iscancelled 80,000 shares aof ~~development~~common ~~stage~~stock ~~enterprise~~previously ~~that~~issued ~~was~~to ~~originally~~Dennis ~~incorporated~~Eubanks on ~~April~~November 215, ~~2010~~2021, ~~under~~per the terms ~~laws~~ of ~~the~~a ~~State~~MOU ofbetween ~~Nevada.~~the ~~The~~ Company ~~is in the Oil~~ and ~~Gas~~Estacado ~~Exploration~~Energy, ~~Development and Production Business and has been since inception~~LLC. OnThe ~~November 11, 2018, the~~ Company ~~filed~~chose anot ~~re-domestication~~ to ~~have~~proceed ~~its~~with ~~domestic~~the ~~corporation~~acquisition beapplicable ~~administered~~to ~~under~~ the ~~laws of the State of Wyoming~~MOU.

~~Sino~~NOTE ~~American~~6 - ~~Oil~~PREFERRED Company plans to grow shareholder value through securing oil and natural gas reserves and negotiating oil and natural gas exploration, development and production deals within the United States of America and Canada. The focused industries are oil & gas exploration, oil & gas development, and oil & gas production sales. We anticipate being able to generate revenue on the sale of oil and gas.STOCK

~~Sino~~Effective June ~~American~~3, ~~Oil~~2019, ~~Company is currently negotiating deals within a very large exploration area oil field owners located in~~ the ~~Western~~Company ~~Canadian~~amended ~~sedimentary~~its ~~basin.~~article ~~The~~of ~~deals~~incorporation ~~involve oil~~ and ~~gas production acquisitions~~authorized 10,000,000 shares ~~mineral~~of ~~land~~Series ~~acquisitions~~A ~~and~~preferred ~~further~~stock, par ~~production~~value ~~increases through production optimization~~ $0.001 and 10,000,000 shares ~~drilling~~of ~~activities~~Series asB ~~well~~preferred asstock, ~~production~~par ~~infrastructure~~value ~~installations~~$0.001.

OnSeries A ~~January~~Preferred ~~16, 2020, the Company received a Cease Trade Order from the British Columbia Securities Commission for failure to file records required as an OTC reporting issuer. We are working to remedy this Order.~~Stock

~~Results~~Each share of Series ~~Operations~~A ~~for~~is ~~the~~convertible ~~Three~~into ~~Months Ended March 31~~1,000 ~~2023,~~shares ~~compared~~of ~~to the Three Months Ended March 31, 2022~~common.

WeAs ~~have~~of ~~not~~June 30, ~~generated~~2023, ~~any~~there ~~revenue~~are tono ~~date~~outstanding shares of the Series A Preferred Stock.

~~Consulting~~Series B ~~expense~~Preferred ~~was $0 compared to $45,000 for the three months ended March 31, 2023 and 2022, respectively. We are no longer using the consultant that was being compensated in the prior period.~~Stock

~~Consulting~~Effective July ~~expense~~14, ~~- related party was $0 compared to $45~~2021,~~000~~ ~~for~~ the ~~three~~Company ~~months~~designated ~~ended~~its Series ~~March~~B ~~31,~~Preferred ~~2023~~Stock ~~and~~as ~~2022,~~voting ~~respectively.~~only Inshares ~~the~~at ~~prior period we incurred consulting expense of $15~~1,000 votes per ~~month for services provided by Triage~~share.

~~General~~As ~~and~~of ~~administrative expenses (“G&A”) were $36~~June 30,~~766~~ ~~compared to $46,219 for the three months ended March 31,~~ 2023 ~~and 2022~~, ~~respectively.~~there ~~G&A~~are ~~expenses~~no ~~decreased~~outstanding inshares of the ~~current~~Series ~~period~~B ~~primarily~~Preferred ~~due a decrease in consulting expense~~Stock.

~~Interest~~NOTE ~~expense~~7 - ~~was~~COMMITMENTS $0AND ~~compared to $770 for the three months ended March 31, 2023 and 2022, respectively. In the current period, the loan on which the interest was being accrued was forgiven.~~CONTINGENCIES

~~For~~On ~~the~~July ~~three~~19, 2022, ~~months~~the ~~ended~~Company ~~March~~entered ~~31,~~into ~~2023,~~an weAcquisition ~~had~~Agreement ~~net~~(the ~~income~~“Agreement”) ofwith ~~$54~~Tritium Inc.,~~627,~~ ~~compared~~a tocorporation aorganized ~~net~~under the ~~loss~~laws of ~~$136~~the Province of Alberta,~~989~~ inCanada (“Tritium”) and the ~~prior~~shareholders ~~period.~~of InTritium (the ~~current~~“Shareholders”) ~~period~~after obtaining werequisite ~~recognized~~approval afrom ~~gain~~the onCompany’s ~~forgiveness~~board of ~~debt~~directors, ofwhich ~~$91,393,~~determined ~~resulting~~that the transaction was in ~~overall~~the ~~net~~best ~~income~~interests of the Company and its stockholders.

~~Results~~Pursuant to ofthe ~~Operations~~Agreement, ~~for~~the Company will acquire 100% of the ~~Six~~shares ~~Months~~of ~~Ended~~Tritium ~~March~~through ~~31,~~a ~~2023~~wholly-owned subsidiary of the Company, ~~compared~~Sino toAcquisition Corp. The Company will also acquire all assets of Tritium in the ~~Six~~transaction. ~~Months~~In ~~Ended~~exchange ~~March~~for 31100% of the shares of Tritium, ~~2022~~the Company issued five million (5,000,000) shares of common stock at $1.00 a share for a total transaction value of USD $5,000,000.

WeIn ~~have~~July ~~not~~2022, Tritium ~~generated~~acquired ~~any~~a ~~revenue~~22% toownership ~~date~~in Base Element Energy Inc., a corporation organized under the laws of the Province of Alberta, Canada.

~~Consulting~~The ~~expense~~acquisition is ~~was~~subject $0to ~~compared~~the todelivery ~~$90,000~~of ~~for~~U.S. GAAP audited financial statements from Tritium and the ~~six~~transfer ~~months~~of ~~ended~~title ~~March~~and ~~31,~~ownership ~~2023~~of the company and ~~2022,~~its ~~respectively~~assets to the Company. WeThe ~~are~~Company nois ~~longer~~in ~~using~~the process of updating its SEDAR filings in Canada to remain compliant in Alberta and meet the ~~consultant~~requirement ~~that~~of ~~was~~the ASE. This acquisition will be subject to the Company being ~~compensated~~fully incompliant with the ~~prior~~Securities ~~period~~regulators of both the U.S. and Canada.

2F-6

~~Consulting expense - related party was $0 compared to $90,000 for the six months ended March 31, 2023 and 2022, respectively. In the prior period we incurred consulting expense~~ Table of ~~$15,000 per month for services provided by Triage.~~Contents

~~General~~Until all terms and ~~administrative~~conditions ~~expenses~~of ~~(“G&A”) were $95,866 compared to $80,603 for~~ the ~~six~~Agreement ~~months~~have ~~ended~~been ~~March~~met ~~31, 2023~~ and ~~2022,~~the ~~respectively.~~acquisition ~~G&A~~is ~~expenses~~considered ~~decreased~~closed in the ~~current~~5,000,000 ~~period~~shares ~~primarily~~of ~~due~~common tostock aare being ~~decrease~~held in ~~consulting expense~~escrow.

~~Interest~~NOTE ~~expense~~8 - ~~was~~RELATED ~~$787~~PARTY ~~compared to $1,557 for the six months ended March 31, 2023 and 2022, respectively. In the current period, the loan on which the interest was being accrued was forgiven.~~TRANSACTIONS

~~For~~On April 18, 2017, the ~~six~~Company ~~months~~entered ~~ended~~into ~~March~~a ~~31,~~Convertible ~~2023~~Loan Agreement with Kim Halvorson, weformer ~~had~~CEO aand ~~net~~Director. ~~loss~~The ofloan ~~$5,206,~~agreement ~~compared~~was entered into pursuant to ~~$262,160~~Ms. inHalvorson’s agreement to fund the ~~prior~~initial ~~period~~expenses of the Company. InPer the ~~current~~terms ~~period~~of wethe ~~recognized~~agreement aany ~~gain~~funds loaned to the company or paid out on ~~forgiveness~~behalf of ~~debt~~the Company will be convertible into shares of common stock at $910.0001 per share. The loans are due on demand and non-interest bearing. During the year ended September 30,~~393~~ 2021, Ms. Halvorson and noTriage ~~compensation~~MicroCap ~~expense~~Advisors LLC (“Triage”) (a company owned by Ms. Halvorson) loaned the Company $33,684 and ~~resulting~~converted in$8,707 into 8,680,000 shares ~~overall~~of ~~net~~common stock. ~~income~~During the quarter ended March 31, 2022, Ms. Halvorson loaned the Company an additional $20,000. As of June 30, 2023, the balance due to Ms. Halvorson is $69,309.

~~Liquidity~~During the year ended September 30, 2021, Mr. Richard Tang, advanced the Company $494 to pay general operating expenses. The advance is non-interest bearing and ~~Capital~~due ~~Resources~~on demand. During the quarter ended March 31, 2022, Mr. Tang loaned the Company an additional $20,000. As of June 30, 2023, the balance due to Mr. Tang is $20,494.

~~Cash~~Since ~~flow~~March 14, ~~from~~2022, ~~operations~~Mr. Aleksandrov, our Director, has advanced the Company a total of $92,713 to pay for general operating expenses. These advances are considered as loans and are non-interest bearing, non-secured, and payable on demand.

~~Cash~~NOTE ~~used~~9 - inSUBSEQUENT ~~operating activities for the six months ended March 31, 2023, was $66,065 as compared to $70,070 of cash used in operating activities for the six months ended March 31, 2022.~~EVENTS

~~Cash~~Management has ~~Flows~~evaluated subsequent events pursuant to the requirements of ASC Topic 855, Subsequent Events, from ~~Financing~~the balance sheet date through the date the financial statements were issued and has determined that no material subsequent events exist except for the following:

~~For~~After the date ~~six~~of ~~months~~this ~~ended~~report, ~~March~~Mr. 31Aleksandrov, ~~2023~~our Director, weadvanced ~~received~~the ~~$66,988~~Company ~~from~~a ~~related~~total ~~party~~of ~~loans.~~$29,666 to Inpay ~~the~~for ~~prior~~general ~~period~~operating weexpenses. These ~~received~~advances ~~$40,000~~are ~~from~~considered ~~related~~as ~~party~~ loans and ~~$31~~are non-interest bearing,~~848~~ ~~from~~non-secured, ~~other~~and ~~loans~~payable on demand.

~~Going Concern~~F-7

~~The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization~~ Table of assets and the satisfaction of liabilities in the normal course of business. The Company has no source of revenue, has suffered recurring losses since inception and has no assurance of future profitability. The Company will continue to require financing from external sources to finance its operating and investing activities until sufficient positive cash flows from operations can be generated. There is no assurance that financing or profitability will be achieved, accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.Contents

~~Off-Balance~~ITEM ~~Sheet~~2 ~~Arrangements~~MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

~~We have no off~~Forward-~~balance sheet arrangements.~~Looking Statements

~~Critical~~Certain statements, ~~Accounting~~other ~~Policies~~than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.”

WeThese forward-looking ~~have~~statements ~~identified~~generally ~~the~~are ~~policies~~identified ~~outlined~~by ~~below~~the aswords ~~critical~~“believes,” to“project,” ~~our~~“expects,” “anticipates,” ~~business~~“estimates,” ~~operations~~“intends,” ~~and~~“strategy,” an“plan,” ~~understanding~~“may,” “will,” of“would,” ~~our~~“will ~~results~~be,” of“will ~~operations.~~continue,” ~~Refer~~“will tolikely ~~Note~~result,” 2and ~~- Summary of Significant Accounting Policies for discussion~~similar expressions.

~~ITEM~~Forward-looking statements 3are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. ~~QUANTITATIVE~~Our ~~AND~~ability ~~QUALITATIVE~~to ~~DISCLOSURES~~predict ~~ABOUT~~results ~~MARKET~~or ~~RISK~~the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations and future prospects include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

~~As a smaller reporting company, we are not required to provide the information required by this item.~~Company Overview

~~ITEM~~Sino 4American Oil Company is a prospective investor in the upstream oil and gas sector. ~~CONTROLS~~The ~~AND~~company ~~PROCEDURES~~aims to identify high-quality, income-producing oil and gas assets with a significant portion of proved developed producing reserves, with the intent of providing risk-adjusted returns.

~~Evaluation~~Currently, ofthe ~~Disclosure~~Company’s ~~Controls~~plans are speculative and ~~Procedures~~largely undefined. There is a substantial risk that any investments we may make could be unsuccessful or may not yield the anticipated outcomes. Additionally, it is important to note that we do not have the available cash or resources to finalize any investments without outside financing or the use of our common stock as payment. Currently, the Company does not have immediate plans for securing financing.

AsPotential of March 31, 2023, we carried out an evaluation, under the supervision and with the participation of management, including our chief executive and financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based upon that evaluation, management concluded that our disclosure controls and procedures were not effective as of March 31, 2023, to provide reasonable assurance that the information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the periods prescribed by U.S. Securities and Exchange Commission Opportunities

3Sino American Oil Co. is exploring potential business opportunities and investments in sectors such as:

~~and~~• ~~that~~Recycling ~~such information is accumulated~~ and ~~communicated~~energy torecovery ~~management,~~from ~~including our chief executive and financial officer, as appropriate, to allow timely decisions regarding required disclosure.~~waste

In• ~~designing~~Waste ~~and evaluating disclosure controls and procedures,~~ management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable, not absolute assurance of achieving the desired objectives. Also, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. The design of any system of controls is based, in part, upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

~~Changes~~• inCatalytic ~~Internal Control over Financial Reporting~~technologies

~~There~~• ~~has~~Energy ~~been~~efficiency no change in our internal control over financial reporting during the quarter ended March 31, 2023, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.improvements

4• Innovative energy storage for renewables

~~PART~~• IIResource -recovery ~~OTHER~~from ~~INFORMATION~~waste heaps

~~ITEM~~• 1.Sludge ~~LEGAL PROCEEDINGS~~management

~~None.~~• Cleaning contaminated metal ores

~~ITEM~~• ~~1A.~~Exploitation ~~RISK~~of ~~FACTORS~~low-calorific natural gas deposits

~~We are a smaller reporting company as defined by Rule 12b~~-~~2 of the Exchange Act and, as such, are not required to provide the information under this Item.~~3-

~~ITEM~~Table of ~~2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS~~Contents

~~None~~Liquidity and Capital Resources

~~ITEM~~Our cash 3balance was $369 as of June 30, 2023, and $0 as of September 30, 2022. ~~DEFAULTS~~We ~~UPON~~have ~~SENIOR~~been ~~SECURITIES~~utilizing funds from our former and present officers and directors to fund our operations and we intend to rely on our sole officer, and/or related parties, for funding going forward.

~~None~~Our sole officer and director, Mr. Aleksandrov has no formal commitment, arrangement or legal obligation to advance or loan funds to the company. In order to implement our plan of operations for the next twelve-month period, we may require further funding. Being a start-up stage company, we have very limited operating history. After a twelve-month period we may need additional financing but currently do not have any arrangements for such financing.

~~ITEM~~If we 4.need ~~MINE~~additional ~~SAFETY~~cash ~~DISCLOSURES~~and cannot raise it, we will either have to suspend operations until we do raise the cash we need, or cease operations entirely.

~~Not applicable~~Revenues

~~ITEM~~We have 5.not ~~OTHER~~recorded ~~INFORMATION~~any revenue to date.

~~None~~Net Loss

~~ITEM~~We recorded 6.a ~~EXHIBITS~~net loss of $554 for the three months ended June 30, 2023, and $47,526 for the three months ended June 30, 2022.

~~The~~We recorded ~~following~~a ~~exhibits~~net ~~are~~loss ~~filed~~of as$5,814 afor ~~part~~the ofnine ~~this~~months ~~report:~~ended June 30, 2023, and $309,686 for the nine months ended June 30, 2022.

Exhibit Number*		Title of Document
Item 31		Rule 13a-14(a)/15d-14(a) Certifications
31.01		Certification of Principal Executive and Principal Financial Officer Pursuant to Rule 13a-14
Item 32		Section 1350 Certifications
32.01		Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
Item 101		Interactive Data File
101.INS		XBRL Instance Document
101.SCH		Inline XBRL Taxonomy Extension Schema
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase

The net loss for the above periods is primarily comprised of general and administrative expenses, and specifically for the nine months ended June 30, 2022 we also incurred significant consulting expenses.

5Cash flow

~~SIGNATURE~~For the ~~PAGE~~nine months ended June 30, 2023, we had positive cash flows from operating activities in the amount of $18,770. Comparatively, for the nine months ended June 30, 2022, we had negative cash flows from operating activities in the amount of $74,935. The variance is attributable to a larger net loss incurred during the nine months ended June 30, 2022.

~~Pursuant~~For the tonine ~~the~~months ~~requirements~~ended ofJune ~~the~~30, ~~Securities~~2023, ~~Exchange~~we ~~Act~~had net cash flows from financing activities in the amount of ~~1934~~$(18,401). Comparatively, for the nine ~~registrant~~months ~~has~~ended ~~duly~~June ~~caused~~30, ~~this~~2022, ~~report~~we tohad benet ~~signed~~cash onflows ~~its~~from ~~behalf~~financing byactivities in the ~~undersigned~~amount ~~hereunto~~of ~~duly~~$71,848. ~~authorized~~The variance is primarily attributable to proceeds from loans payable.

	SINO AMERICAN OIL COMPANY
Dated: May 15, 2023	By:	/s/ Boriss Aleksandrov
		Boriss Aleksandrov
		Chief Executive Officer and Director
Dated: May 15, 2023	By:	/s/ Olga Palumbo
		Olga Palumbo
		Director
Dated: May 15, 2023	By:	/s/ Sascha Zilger
		Sascha Zilger
		Director

Going Concern

6The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has no source of revenue, has suffered recurring losses since inception and has no assurance of future profitability. The Company will continue to require financing from external sources to finance its operating and investing activities until sufficient positive cash flows from operations can be generated. There is no assurance that financing or profitability will be achieved, accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

ITEM 3

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a smaller reporting company, as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for by this Item.

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Table of Contents

ITEM 4

CONTROLS AND PROCEDURES

Management’s Report on Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, 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 Boriss Aleksandrov, who is also our chief financial officer (who is acting as our principal executive officer, principal financial officer and principle accounting officer) to allow for timely decisions regarding required disclosure.

As of June 30, 2023, we carried out an evaluation, under the supervision of our chief executive officer, who is also our chief financial officer, of the effectiveness of the design and the operation of our disclosure controls and procedures. The sole officer concluded that the disclosure controls and procedures were not effective as of the end of the period covered by this report due to material weaknesses identified below.

The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: Due to our small size, we did not have sufficient personnel in our accounting and financial reporting functions. As a result, we were not able to achieve adequate segregation of duties and were not able to provide for adequate review of the financial statements. This control deficiency, which is pervasive in nature, results in a reasonable possibility that material misstatements of the consolidated financial statements will not be prevented or detected on a timely basis; and we lacked sufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of U.S. GAAP and SEC disclosure requirements and the identification and approval of related party transactions.

Inherent limitations on effectiveness of controls

Internal control over financial reporting has inherent limitations which include but is not limited to the use of independent professionals for advice and guidance, interpretation of existing and/or changing rules and principles, segregation of management duties, scale of organization, and personnel factors. Internal control over financial reporting is a process which involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human failures. Internal control over financial reporting also can be circumvented by collusion or improper management override. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements on a timely basis, however these inherent limitations are known features of the financial reporting process and it is possible to design into the process safeguards to reduce, though not eliminate, this risk. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Projections of any evaluation of effectiveness to future periods 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.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal controls over financial reporting that have occurred for the fiscal quarter ended June 30, 2023, that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

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Table of Contents

PART II-OTHER INFORMATION

ITEM 1

LEGAL PROCEEDINGS

There are no legal proceedings against the Company and the Company is unaware of such proceedings contemplated against it.

ITEM 1A

RISK FACTORS

As a smaller reporting company, as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for by this Item.

ITEM 2

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On August 23, 2022, the Company issued 100,000 shares of common stock to Ms. Olga Palumbo, a former director. The shares were valued at $1.05 each, based on the closing stock price on that date. This resulted in a total non-cash compensation expense of $105,000 for the Company.

ITEM 3

DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4

MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5

OTHER INFORMATION

None.

ITEM 6

EXHIBITS

Exhibit No.		Description
3.1 (i)		Certificate of Incorporation (1)

3.1 (ii)		Amended and Restated Certificate of Incorporation (2)

3.2		Amended and Restated By-laws (3)

31		Certification of the Company’s Principal Executive and Principal Financial Officer pursuant to the Securities Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (4)

32		Certification of the Company’s Principal Executive and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (4)

101.INS		Inline XBRL Instance Document

101.SCH		Inline XBRL Taxonomy Extension Schema

101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase

101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase

101.LAB		Inline XBRL Taxonomy Extension Label Linkbase

101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase

104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibits 101)

(1)	Filed as Exhibit EX1A-2A CHARTER to the Form 1-A, filed on March 22, 2021, and incorporated herein by reference.
(2)	Filed as Exhibit ADD EXHB to the Form 1-A, filed on March 22, 2021, and incorporated herein by reference.
(3)	Filed as Exhibit EX1A-2B BYLAWS to the Form 1-A, filed on March 22, 2021, and incorporated herein by reference
(4)	Filed herewith.

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SIGNATURES

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

Sino American Oil Company

(Registrant)

By: /s/ Boriss Aleksandrov

Name: Boriss Aleksandrov

Chief Executive Officer

Dated: December 17, 2024

By: /s/ Boriss Aleksandrov

Name: Boriss Aleksandrov

Chief Financial Officer

Dated: December 17, 2024

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