SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

[X]	QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED ~~DECEMBER 31, 2010~~JUNE 30, 2011

OR

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

Commission file number 000-52304

5190 Neil Road, Suite 430

Large Accelerated Filer	[ ]	Accelerated Filer	[ ]
Non-accelerated Filer	[ ]	Smaller Reporting Company	[X]
(Do not check if smaller reporting company)

ITEM 1. FINANCIAL STATEMENTS

Sino American Oil Company (formerly Raphael Industries Ltd.)

(A(A Development Stage Company)

(Expressed in US dollars)

Going Concern (Note 1)

Commitments (Note 7)

Going Concern (Note 1)

Commitments (Note 7)

43,534,500 (19,023,000 shares in September 30, 2010) issued and

outstanding (Note 5)

43,534,500 (19,023,000 shares in September 30, 2010) issued and

outstanding (Note 5)

The accompanying notes are an integral part of these financial statements

F-1

-3-

~~-3-~~

Sino American Oil Company (formerly Raphael Industries Ltd.)

(A(A Development Stage Company)

Statements of Operations

(Expressed in US dollars)

(Unaudited)

				Accumulated from						Accumulated from
				October 31, 2005		Three months	Three months	Nine months	Nine months	October 31, 2005
		Three months ended	Three months ended	(Date of Inception)		ended	ended	ended	ended	(Date of Inception)
		December 31	December 31	to December 31		June 30,	June 30,	June 30,	June 30,	to June 30,
		2010	2009	2010		2011	2010	2011	2010	2011
		$	$	$		$	$	$	$


Revenue	Revenue	-	-	205,242	Revenue	-	-	-	-	205,242
Cost of sales	Cost of sales	-	-	106,710	Cost of sales	-	-	-	-	106,710

Gross Profit	Gross Profit	-	-	98,532	Gross Profit	-	-	-	-	98,532

Operating Expenses	Operating Expenses				Operating Expenses

	Foreign currency loss (gain)	(9,715)	(3,393)	14,028	Foreign currency (gain) loss	3,995	6,185	(29,010)	(1,756)	(5,267)
	General and administrative	31,236	24,162	476,796	General and administrative	21,919	28,966	78,180	86,383	523,740
	Option expense	-	-	60,000	Option expense	-	-	-	-	60,000

Total Operating Expenses	Total Operating Expenses	21,521	20,769	550,824	Total Operating Expenses	25,914	35,151	49,170	84,627	578,473

Net income (loss) before taxes		(21,521)	(20,769)	(452,292)
Net loss before taxes					Net loss before taxes	(25,914)	(35,151)	(49,170)	(84,627)	(479,941)

Income tax expense (benefit)		-	-	1,707
Income tax expense					Income tax expense	-	-	-	-	1,707

Net income (loss)		(21,521)	(20,769)	(453,999)
Net loss and comprehensive loss					Net loss and comprehensive loss	(25,914)	(35,151)	(49,170)	(84,627)	(481,648)

Loss per share - Basic and diluted		(0.00)	(0.00)
Loss per share – Basic and diluted					Loss per share – Basic and diluted	(0.00)	(0.00)	(0.00)	(0.00)

Weighted Average Shares Outstanding	Weighted Average Shares Outstanding	28,914,304	19,023,000		Weighted Average Shares Outstanding	43,534,500	28,534,500	41,892,164	28,534,500

The accompanying notes are an integral part of these financial statements

F-2

-4-

~~-4-~~

Sino American Oil Company (formerly Raphael Industries Ltd.)

(A(A Development Stage Company)

Statements of Cash Flows

(Expressed in US dollars)

(Unaudited)

					Accumulated from					Accumulated from
			Three months	Three months	October 31, 2005			Nine months		October 31, 2005
			ended	ended	(Date of Inception)			Ended	ended	(Date of Inception)
			December 31	December 31	to December 31			June 30,		to June 30,
			2010	2009	2010			2011	2010	2011
			$	$	$			$

Operating Activities	Operating Activities					Operating Activities

	Net Income (loss)		(21,521)	(20,769)	(453,999)	Net loss		(49,170)	(84,627)	(481,648)

	Adjustments to reconcile net loss of cash					Adjustments to reconcile net loss of cash
		Depreciation	266	212	25,334		Depreciation	1,559	773	26,627
		Donated services	7,200	7,200	240,000		Donated services	21,600		254,400
		Option lapse	-	-	50,000		Option lapse	-		50,000

	Change in operating assets and liabilities					Change in operating assets and liabilities
		Accounts receivable	-	-	-		Prepaid expenses	47	6	-
		Prepaid expenses	47	100	-		Accounts payable and accrued liabilities	(7,779)	14,029	8
		Accounts payable and accrued liabilities	10,938	6,876	18,725		License fee payable	-		43,410
		License fee payable	-	-	43,410

Net Cash (Used In) Operating Activities	Net Cash (Used In) Operating Activities		(3,070)	(6,381)	(76,530)	Net Cash (Used In) Operating Activities		(33,743)	(48,219)	(107,203)

Investing Activities	Investing Activities					Investing Activities

	Deposit on database list option		-	-	(50,000)	Deposit on database list option		-		(50,000)
	Website development		-	-	(22,000)	Website development		(2,390)	-	(24,390)
	Purchase of equipment		(4,315)	(2,076)	(8,860)	Purchase of equipment		(5,217)	(2,075)	(9,762)

Net Cash Flows (Used In) Investing Activities			(4,315)	(2,076)	(80,860)
Net Cash Flows (Used in) Investing Activities						Net Cash Flows (Used in) Investing Activities		(7,607)	(2,075)	(84,152)

Financing Activities	Financing Activities					Financing Activities

	Share subscriptions received		(856,387)	-	-	Share subscriptions received		(856,387)	-
	Proceeds from issuance of common stock		1,000,000	-	1,321,150	Proceeds from issuance of common stock		1,000,000	-	1,321,150

Net Cash Flows Provided By Financing Activities			143,613	-	1,321,150
Net Cash Flows Provided by Financing Activities						Net Cash Flows Provided by Financing Activities		143,613	-	1,321,150

Increase (Decrease) in Total Cash			136,228	(8,457)	1,163,760
Increase (Decrease) in Cash						Increase (Decrease) in Cash		102,263	(50,294)	1,129,795

Restricted cash released	Restricted cash released		856,387	-	-	Restricted cash released		856,387	-

Cash - Beginning of Period			171,145	239,248	-
Cash – Beginning of Period						Cash – Beginning of Period		171,145	239,248	-

Cash - End of Period			1,163,760	230,791	1,163,760
Cash – End of Period						Cash – End of Period		1,129,795	188,954	1,129,795

Supplemental Disclosure	Supplemental Disclosure					Supplemental Disclosure
	Interest paid		29	-	333	Interest paid		29	151	56
	Income taxes paid		-	-	1,707	Foreign exchange (gain) loss		(29,010)	(1,756)	(5,267)
	Foreign exchange loss (gain)		(9,715)	(3,393)	14,028

The accompanying notes are an integral part of these financial statements

F-3

-5-

~~-5-~~

Sino American Oil Company (formerly Raphael Industries Ltd.)

(A(A Development Stage Company)

Statements of Stockholders’ Equity

For the Period from October 31, 2005 (Date of Inception) to ~~December 31, 2010~~June 30, 2011

(Expressed in US dollars)

(Unaudited)

				Additional	Share			Total				Additional	Share			Total
		Common Stock		Paid-in	Subs	Donated		Stockholders'		Common Stock		Paid-in	Subs			Stockholder’s
		Shares	Amount	Capital	Received	Capital	Deficit	Equity		Shares	Amount	Capital	Received	Capital	Deficit	Equity
		#	$		$	$	$	$		#	$	$	$	$	$	$

Balance on October 31, 2005		-	-	-	-	-	-	-
Balance on October 31, 2005 (Date of Inception)									Balance on October 31, 2005 (Date of Inception)	-	-	-		-	-	-

October 31, 2005 - issue of common stock for	October 31, 2005 - issue of common stock for								October 31, 2005 - issue of common stock for
	cash at $1.00 per share	1	1	-	-	-	-	1	cash at $1.00 per share	1	1	-		-	-	1

November 28, 2005 - cancellation of common	November 28, 2005 - cancellation of common								November 28, 2005 - cancellation of common
	Stock	(1)	(1)	-	-	-	-	(1)
									stock	(1)	(1)	-		-	-	(1)
November 28, 2005 - issue of common stock	November 28, 2005 - issue of common stock								November 28, 2005 - issue of common stock
	for cash at $0.01 per share	1,000,000	100	4,900	-	-	-	5,000	for cash at $0.01 per share	1,000,000	100	4,900		-	-	5,000

April 30, 2006 - issue of common stock	April 30, 2006 - issue of common stock								April 30, 2006 - issue of common stock
	for cash at $0.01 per share	13,000,000	1,300	63,700	-	-	-	65,000	for cash at $0.01 per share	13,000,000	1,300	63,700		-	-	65,000

Donated services	Donated services	-	-	-	-	52,800	-	52,800	Donated services	-	-	-		52,800	-	52,800

Net loss and comprehensive loss	Net loss and comprehensive loss	-	-		-		(22,650)	(22,650)	Net loss and comprehensive loss	-	-			-	(22,650)	(22,650)

Balance - September 30, 2006	Balance - September 30, 2006	14,000,000	1,400	68,600	-	52,800	(22,650)	100,150	Balance - September 30, 2006	14,000,000	1,400	68,600		52,800	(22,650)	100,150

April 30, 2007 - issue of common stock	April 30, 2007 - issue of common stock								April 30, 2007 - issue of common stock
	for cash at $0.10 per share	5,023,000	502	250,648	-	-	-	251,150	for cash at $0.10 per share	5,023,000	502	250,648		-	-	251,150

Donated services	Donated services	-	-	-	-	57,600	-	57,600	Donated services	-	-	-		57,600	-	57,600

Net loss and comprehensive loss	Net loss and comprehensive loss	-	-	-	-	-	(148,789)	(148,789)	Net loss and comprehensive loss	-	-			-	(148,789)	(148,789)

Balance - September 30, 2007	Balance - September 30, 2007	19,023,000	1,902	319,248	-	110,400	(171,439)	260,111	Balance - September 30, 2007	19,023,000	1,902	319,248		110,400	(171,439)	260,111

Donated services		-	-	-	-	57,600	-	57,600

Donated Services									Donated Services	-	-	-		57,600	-	57,600
Net loss and comprehensive loss	Net loss and comprehensive loss	-	-	-	-	-	(93,376)	(93,376)	Net loss and comprehensive loss	-	-			-	(93,376)	(93,376)

Balance - September 30, 2008		19,023,000	1,902	319,248	-	168,000	(264,815)	224,335
Balance – September 30, 2008									Balance – September 30, 2008	19,023,000	1,902	319,248		168,000	(264,815)	224,335

Donated services		-	-	-	-	36,000	-	36,000

Donated Services									Donated Services	-	-	-		36,000	-	36,000
Net loss and comprehensive loss	Net loss and comprehensive loss	-	-	-		-	(69,354)	(69,354)	Net loss and comprehensive loss	-	-			-	(69,354)	(69,354)

Balance - September 30, 2009		19,023,000	1,902	319,248	-	204,000	(334,169)	190,981
Balance – September 30, 2009									Balance – September 30, 2009	19,023,000	1,902	319,248		204,000	(334,169)	190,981

Share subscriptions received					856,387			856,387

Donated services		-	-	-	-	28,800	-	28,800

Donated Services									Donated Services	-	-	-		28,800	-	28,800
Net loss and comprehensive loss	Net loss and comprehensive loss	-	-	-	-	-	(98,309)	(98,309)	Net loss and comprehensive loss	-	-	-		-	(49,476)	(49,476)

Balance - September 30, 2010		19,023,000	1,902	319,248	856,387	232,800	(432,478)	977,859
Balance – September 30, 2010									Balance – September 30, 2010	19,023,000	1,902	319,248	856,387	232,800	(432,478)	977,859

October 1, 2010 - issue of common stock
October 1, 2010 – issue of common stock									October 1, 2010 – issue of common stock
For cash at $0.10 per share									For cash at $0.10 per share	10,000,000	1,000	999,000	(856,387)	-	-	143,613
Donated Services									Donated Services	-	-	-	-	21,600	-	21,600
Stock Dividend – March 1, 2011									Stock Dividend – March 1, 2011	14,511,500	1,451	-	-	-	(1,451)	-
Net loss and comprehensive loss									Net loss and comprehensive loss	-	-	-	-	-	(49,170)	(49,170)
	for cash at $0.10 per share	10,000,000	1,000	999,000	(856,387)	-	-	143,613

Donated services		-	-	-	-	7,200	-	7,200

Net loss and comprehensive loss		-	-	-	-	-	(21,521)	(21,521)

Balance - December 31, 2010		29,023,000	2,902	1,318,248	-	240,000	(453,999)	1,107,151
Balance – June 30, 2011									Balance – June 30, 2011	43,534,500	4,353	1318,248	-	254,400	(483,099)	1,093,902

The accompanying notes are an integral part of these financial statements

Sino American Oil Company (formerly Raphael Industries Ltd.)

(A(A Development Stage Company)

~~December 31, 2010~~June 30, 2011

(Expressed in US dollars)

NOTE 1 - NATURE OF BUSINESS AND CONTINUANCE OF OPERATIONS

~~Sino American Energy Company~~Raphael Industries Ltd. (“the Company”) was incorporated ~~as Raphael Industries Ltd.~~ on October 31, 2005 under the laws of the State of Nevada. ~~At the balance sheet date its~~Its principal business was to market database for commercial use in newsletters, direct mail, and internet marketing promotions. On November 11, 2010 the company changed its name to Sino American Oil Company in anticipation of the company’s new business direction which is exploration for oil and gas.

The financial statements are prepared in accordance with generally accepted accounting principles in the United States on a going concern basis which contemplates the realization of assets and discharge of liabilities and commitments in the normal course of business. To date the Company has funded operations through the issuance of capital stock and the limited generation of revenues. The Company has nolimited operating history, ~~in its anticipated business direction,~~ has ~~not~~ generated limited revenues from ~~such~~ operations, and may require additional capital requirements. As at ~~December 31, 2010,~~June 30, 2011, the Company has an accumulated deficit of ~~$453,999.~~$483,099. These factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments that might result from ~~t he~~the outcome of this uncertainty.

Management’s plan is to continue raising additional funds through future equity or debt financings, as needed, until it can generate sufficient revenues to maintain sustainable profitable operations. On June 3, 2010 the Company filed an S-1 registration statement to register 10,000,000 shares for sale at $0.10 per share. The registration statement was declared effective by the Securities and Exchange Commission on June 11, 2010 and raised $1,000,000. The Company has sufficient capital to maintain operations for the next 12 months.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of Presentation and Fiscal Year

These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in US dollars. The Company’s fiscal year-end is September 30.

(b) Interim Financial Statements

The interim financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position, results of operations, changes in equity and cash flows for the periods shown. ~~However, they~~They do not include all information and footnotes required by generally accepted accounting principles for complete financial statements. Accordingly, it is suggested that these interim financial statements be read in conjunction with the Company’s September 30, ~~2010 annual financial statements~~

2010. The results of operations for ~~such~~the periods disclosed are not necessary indicative of the results expected for a full year or for any future period.

The Company adopts new accounting pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective adoption date. Management does not believe that any recently issued but not yet effective standards, if currently adopted, would have a material effect on these financial statements.

NOTE 3 – PROPERTY AND EQUIPMENT

December 31, September 30,
2010 2010
Accumulated Net Carrying Net Carrying
Cost amortization Value Value
$ $ $ $

Computer hardware 8,860 3,334 5,526 1,477

			March 31,	September 30,
			2011	2010
		Accumulated	Net Carrying	Net Carrying
	Cost	amortization	Value	Value
	$	$	$	$

Computer hardware	9,792	4,627	5,135	1,477

Sino American Oil Company (formerly Raphael Industries Ltd.)

(A(A Development Stage Company)

Notes to the Interim Financial Statements

~~December 31, 2010~~June 30, 2011

(Expressed in US dollars)

NOTE 4 – WEBSITE DEVELOPMENT

			March 31,	September 30,
			2011	2010
		Accumulated	Net Carrying	Net Carrying
	Cost	amortization	Value	Value
	$	$	$	$

Website Development	24,390	22,000	2,390	-

NOTE 5 - COMMON STOCK

On November 28, 2005, the Company issued 1,000,000 shares of common stock to the President of the Company at $0.01 per share for cash proceeds of $5,000.

On October 31, 2005, the Company issued 1 share of common stock to the President of the Company at $1.00 per share for cash proceeds of $1. The share of common stock was cancelled on November 28, 2005.

On April 30, 2006, the Company issued 13,000,000 shares of common stock to the President of the Company at $0.01 per share for cash proceeds of $65,000.

On April 30, 2007, the Company issued 5,023,000 shares of common stock pursuant to the Company’s SB-2 registration statement at $0.10 per share for cash proceeds of $251,150.

On March 8, 2010, the Company completed a 2-1 stock split. These financial statements give retroactive application to this event.

On October 1, 2010 the company completed a fully registered offering for 10,000,000 shares at $0.10 per share for cash proceeds of $1,000,000.

On March 1, 2011, the Company issued a stock dividend to shareholders of record February 10, 2011 on a 1.5:1 basis. The increase in shares did not affect the stock price and as a result, only the par value of the shares issued was recorded as an increase to common stock and an increase to deficit accumulated during the development stage. The earnings per share calculation gives retroactive effect to this stock dividend.

As at June 30, 2011, there were no shares subject to options, warrants or other agreements.

NOTE 46 – RELATED PARTY TRANSACTIONS

Consulting fees of ~~$7,200~~$21,600 ($~~7,200~~21,600 in ~~2009)~~2010) were recorded as donated services by the President of the Company for consulting services provided to the Company during the ~~three~~nine month period ended ~~December 31, 2010.~~June 30, 2011. These fees are included in general and administrative, and recorded as donated capital.

NOTE 57 – ~~COMMON STOCK~~

~~On November 28, 2005, the Company issued 1,000,000 shares of common stock to the President of the Company at $0.01 per share for cash proceeds of $5,000.~~

On March ~~8, 2010,~~14, 2011, the Company completed ~~a 2-1 stock split. These financial statements give retroactive application~~an Option Agreement with Sentry Petroleum (Australia) Pty. Ltd. The option was an exclusive right to ~~this event.~~earn an undivided 70% interest in Sentry Petroleum (Australia) Pt. Ltd. ATP 865 & ATP 866 in Queensland. To earn its interest, Sino American was to pay 100% of the cost to drill and complete one well and provide funding up to USD$1,000,000 for additional geological, geophysical, and engineering work. On June 26, 2011, the agreement was jointly terminated and the Company was released from any obligation.

~~On October 1, 2010 the company completed a fully registered offering for 10,000,000 shares at $0.10 per share for cash proceeds of $1,000,000.~~

~~There are no options or warrants outstanding as at December 31, 2010.~~

ITEM 2.

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

This section of the quarterly report on Form 10-Q includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this quarterly report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

(a) Results of Operations

During the fiscal quarter ending ~~December 31, 2010,~~June 30, 2011, we realized no revenue compared to $0 for the quarter ending ~~December, 2009.~~June 30, 2010. Gross profit for the quarter was $0 as compared to a profit of $0 in ~~2009.~~2010. We incurred an operating loss of ~~$21,521~~$25,914 compared to a loss of ~~$20,769~~$35,151 to the quarter ending ~~December 31, 2009.~~June 30, 2010. The major components to expenses faced by the company during the last quarter were general and administrative of ~~$31,236 (2009~~$21,919 (2010 - ~~$24,162)~~$28,966), cost of sales of $0 ~~(2009~~(2010 - $0), and foreign exchange ~~gain~~loss of ~~$9,715(2009~~$3,995 (2010 – ~~gain~~loss of ~~$3,393)~~$6,185). The foreign exchange ~~gain~~loss was caused by the ~~weakening~~fluctuation of the US dollar vs. the Canadian dollar. The Company has been maintaining a portion of its cash in Canadian dollars.

As of ~~December 31, 2010~~June 30, 2011 the Company had ~~$1,163,760 (September 30, 2010~~$1,129,795 (March 31, 2011 - ~~$171,145)~~$1,163,498) in ~~unrestricted cash (September 2010~~cash. $0 (March 31, 2011 - ~~$856,387 in restricted cash), $0 (September 30, 2010 - $47)~~$0) in prepaid expenses, ~~$5,526 (September 30, 2010~~$5,135 (March 31, 2011 - ~~$1,477)~~$5,047) in property and equipment, ~~$18,725 (September 30, 2010~~$8 (March 31, 2011 - ~~$7,787)~~$14,909) in accounts payable and $43,410 ~~(September 30, 2010~~(March 31, 2011 - $43,410) in licensee fee payable. There is no long-term debt. The Company may in the future invest in short-term investments from time to time but there can be no assurance that these investments will result in profit or loss.

Our future growth and success will be dependent on our ability to explore for and discover hydrocarbons in commercial quantities. We do not have sufficient capital to satisfy the potential future exploration expenditures and we will rely principally on the issuance of Common Stock to raise funds to finance the expenditures that we expect to incur. Failure to raise additional funds will result in the failure to meet our obligations and the relinquishment of our interest in our acquired permits. We have relied principally on the issuance of Common Stock in public placements to raise funds to support our business but there can be no assurance that we will be successful in raising additional funds through the issuance of additional equity.

As of the date of this report, our sole source of revenue is the discovery and sale of commercial quantities of hydrocarbons. Accordingly, no table showing percentage breakdown of revenue by business segment or product line is included.

Liquidity and Capital Resources

~~During the quarter we completed a fully registered public placement of 10,000,000 shares at a price of $0.10 per share thereby raising $1,000,000 in cash.~~

Cash on hand is currently our only source of liquidity. We do not have any lending arrangements in place with banking or financial institutions and we do not anticipate that we will be able to secure these funding arrangements in the near future.

We have sufficient cash to carry out nominal operations during our current fiscal year. However we will require additional cash to complete on our farm-in obligations. To the extent that we may require additional funds to support our operations or the expansion of our business, we may sell additional equity or issue debt. Any sale of additional equity securities will result in dilution to our stockholders. There can be no assurance that additional financing, if required, will be available to our company or on acceptable terms.

~~-9-~~

We do not expect any significant purchases of plant and equipment or any increase in the number of employees in the near future.

(b) Off-balance sheet arrangements

We do not have any off-balance sheet ~~arrangements.~~arrangements

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

~~QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.~~

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

-9-

ITEM 4. CONTROLS AND PROCEDURES.

~~CONTROLS AND PROCEDURES.~~

We maintain “disclosure controls and procedures,” as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”), that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission 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 conducted an evaluation (the “Evaluation”), under the supervision and with the participation of our Chief Executive Officer ~~( 220;~~(“CEO”) and Chief Financial Officer (“CFO”), of the effectiveness of the design and operation of our disclosure controls and procedures (“Disclosure Controls”) as of the end of the period covered by this report pursuant to Rule 13a-15 of the Exchange Act. Based on this Evaluation, our CEO and CFO concluded that our Disclosure Controls were effective as of the end of the period covered by this report.

There were no changes in our internal control over financial reporting during the quarter ended ~~December 31, 2010~~June 30, 2011 that have affected, or are reasonably likely to affect, our internal control over financial reporting.

PART II. – OTHER INFORMATION

ITEM 1A. RISK FACTORS.

~~RISK FACTORS.~~

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

ITEM 6. EXHIBITS.

~~EXHIBITS.~~

~~-10-~~

10.4 Agreement with Infomat Inc. SB-2 6/26/06 10.4

10.5 Agreement with Marketing Software Company. SB-2 6/26/06 10.5

10.6 Agreement with List Fusion. SB-2 6/26/06 10.6

31.1 Certification of Principal Executive Officer and Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. X

32.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. X

99.1 Subscription Agreement. POS AM 6/03/10 99.1

Exhibit		Incorporated by reference			Filed
Number	Description	Form	Date	Number	Herewith
3.1	Articles of Incorporation.	SB-2	6/26/06	3.1

3.2	By-Laws.	SB-2	6/26/06	3.2

4.1	Specimen Stock Certificate.	SB-2	6/26/06	4.1

10.1	License agreement with Free Enterprise Press.	SB-2	6/26/06	10.1

10.2	License agreement with Global Commodity Press.	SB-2	6/26/06	10.2

10.3	Agreement with Kroll Direct Marketing.	SB-2	6/26/06	10.3

10.4	Agreement with Infomat Inc.	SB-2	6/26/06	10.4

10.5	Agreement with Marketing Software Company.	SB-2	6/26/06	10.5

10.6	Agreement with List Fusion.	SB-2	6/26/06	10.6

10.7	Option Agreement with Sentry Petroleum (Australia) Pty. Ltd.	8-K	3/16/11	10.1

31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X

32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X

-10-

~~-11-~~

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities and Exchange Act of 1934, the Registrant has duly caused this ~~amended~~ report ~~has been~~to be signed ~~below~~on its behalf by the ~~following person on behalf of the Registrant and in the capacities~~undersigned, thereunto duly authorized, on this 1412th day of ~~February,~~August, 2011.

	SINO AMERICAN OIL COMPANY
	(the "Registrant")

	BY:	RONALD HUGHES
		Ronald Hughes
		President, Principal Executive Officer, Principal Accounting Officer, Principal Financial Officer, Secretary, Treasurer and sole member of the Board of Directors

-11-

~~-12-~~

EXHIBIT INDEX

Exhibit		Incorporated by reference			Filed
Number	Description	Form	Date	Number	Herewith
3.1	Articles of Incorporation.	SB-2	6/26/06	3.1

3.2	By-Laws.	SB-2	6/26/06	3.2

4.1	Specimen Stock Certificate.	SB-2	6/26/06	4.1

10.1	License agreement with Free Enterprise Press.	SB-2	6/26/06	10.1

10.2	License agreement with Global Commodity Press.	SB-2	6/26/06	10.2

10.3	Agreement with Kroll Direct Marketing.	SB-2	6/26/06	10.3

10.4	Agreement with Infomat Inc.	SB-2	6/26/06	10.4

10.5	Agreement with Marketing Software Company.	SB-2	6/26/06	10.5

10.6	Agreement with List Fusion.	SB-2	6/26/06	10.6

10.7	Option Agreement with Sentry Petroleum (Australia) Pty. Ltd.	8-K	3/16/11	10.1

31.1	Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X

32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X

Exhibit Incorporated by reference Filed
Number Description Form Date Number Herewith
3.1 Articles of Incorporation. SB-2 6/26/06 3.1

3.2 By-Laws. SB-2 6/26/06 3.2

4.1 Specimen Stock Certificate. SB-2 6/26/06 4.1

10.1 License agreement with Free Enterprise Press. SB-2 6/26/06 10.1

10.2 License agreement with Global Commodity Press. SB-2 6/26/06 10.2

10.3 Agreement with Kroll Direct Marketing. SB-2 6/26/06 10.3

10.4 Agreement with Infomat Inc. SB-2 6/26/06 10.4

10.5 Agreement with Marketing Software Company. SB-2 6/26/06 10.5

10.6 Agreement with List Fusion. SB-2 6/26/06 10.6

31.1 Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. X

32.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. X

99.1 Subscription Agreement. POS AM 6/03/10 99.1

-12-

~~-13-~~

			Page

PART I.

Item 1.	Financial Statements.		3

	Financial Statements:
		Balance Sheets	F-1
		Statements of Operations	F-2
		Statements of Cash Flows	F-3
		Statements of Stockholders’ Equity	F-4
		Notes to the Financial Statements	F-5

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.		9

Item 3.	Quantitative and Qualitative Disclosures About Market Risk.		10

Item 4.	Controls and Procedures.		10

PART II.

Item 1A.	Risk Factors.		10

Item 6.	~~Exhibits.~~		Exhibits.	10

Signatures			12

Exhibit Index			13

		December 31	September 30
		2010	2010		June 30,	September 30,
		$	$		2011	2010
					$
ASSETS	ASSETS			ASSETS

Current Assets	Current Assets			Current Assets
	Cash	1,163,760	171,145	Cash	1,129,795	171,145
	Restricted cash	-	856,387	Restricted cash	-	856,387
	Prepaid expenses	-	47	Prepaid expenses	-	47

	Total Current Assets	1,163,760	1,027,579
Total Current Assets				Total Current Assets	1,129,795	1,027,579

Property and Equipment (Note 3)	Property and Equipment (Note 3)	5,526	1,477	Property and Equipment (Note 3)	5,135	1,477

Website Development (Note 4)				Website Development (Note 4)	2,390	-

Total Assets	Total Assets	1,169,286	1,029,056	Total Assets	1,137,320	1,029,056


LIABILITIES AND STOCKHOLDERS' EQUITY	LIABILITIES AND STOCKHOLDERS' EQUITY			LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities	Current Liabilities			Current Liabilities
	Accounts payable and accrued liabilities	18,725	7,787	Accounts payable and accrued liabilities	8	7,787
	Licensee fee payable	43,410	43,410	Licensee fee payable	43,410

Total Liabilities	Total Liabilities	62,135	51,197	Total Liabilities	43,418	51,197

Going Concern and Commitments (Notes 1)
Going Concern (Note 1) Commitments (Note 7)				Going Concern (Note 1) Commitments (Note 7)

Stockholders' Equity	Stockholders' Equity			Stockholders' Equity

Common stock: 100,000,000 shares authorized, $0.0001 par value	Common stock: 100,000,000 shares authorized, $0.0001 par value			Common stock: 100,000,000 shares authorized, $0.0001 par value
29,023,000 (19,023,000 in September, 2010) shares issued and outstanding		2,902	1,902

43,534,500 (19,023,000 shares in September 30, 2010) issued and outstanding (Note 5)				43,534,500 (19,023,000 shares in September 30, 2010) issued and outstanding (Note 5)	4,353	1,902
Additional Paid-in Capital	Additional Paid-in Capital	1,318,248	319,248	Additional Paid-in Capital	1,318,248	319,248
Share Subscriptions	Share Subscriptions	-	856,387	Share Subscriptions	-	856,387
Donated Capital (Note 4)	Donated Capital (Note 4)	240,000	232,800	Donated Capital (Note 4)	254,400	232,800
Deficit Accumulated During the Development Stage	Deficit Accumulated During the Development Stage	(453,999)	(432,478)	Deficit Accumulated During the Development Stage	(483,099)	(432,478)

Total Stockholders' Equity	Total Stockholders' Equity	1,107,151	977,859	Total Stockholders' Equity	1,093,902	977,859

Total Liabilities and Stockholders' Equity		1,169,286	1,029,056

Total Liabilities and Stockholders’ Equity				Total Liabilities and Stockholders’ Equity	1,137,320	1,029,056

			December 31,	September 30,
			2010	2010
		Accumulated	Net Carrying	Net Carrying
	Cost	amortization	Value	Value
	$	$	$	$

Computer hardware	8,860	3,334	5,526	1,477