Black Rock Petroleum (BKRP) 10-Q/A 2017 Q1 Quarterly report (amended)

UNITED STATES SECURITIES

AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

Amendment No. 1

[X]

QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED July 31, 2016

OR

[ ]

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

Commission File Number   000-55281

BLACK ROCK PETROLEUM COMPANY

(Exact name of registrant as specified in its charter)

Nevada

(State of incorporation)

1361 Peltier Drive Point Roberts, Washington 98281

(Address of principal executive offices)

(604) 783-9664

(Registrant's telephone number)

Indicate by check mark whether the issuer (1) has 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 last 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 (§§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," "non-accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer		[  ]	Accelerated Filer	[  ]
Non-accelerated Filer(Do not		[  ]	Smaller Reporting Company	[X]
check if smaller reporting company)
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.     YES [   ]    NO [ X ]
	APPLICABLE ONLY TO CORPORATE ISSUERS:

As of July31, 2016, there were 120,850,000 shares of the registrant's $0.00001 par value common stock issued and outstanding

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Explanatory Note

Blackrock  Petroleum Co  (the “Registrant”) is filing this Amendment as the  signature exhibits for the July 31/ 2016 Q were inadvertently  omitted.

TABLE OF CONTENTS

		Page
	PART I.  FINANCIAL INFORMATION	3
ITEM 1.	FINANCIAL STATEMENTS Balance Sheets as of October 31, 2016 and April 30, 2016	3
	Statements of Operations for the six and three months ended October 31, 2015 (unaudited)	4
	Statement of Cash Flows for the three months ended October 31, 2015 (unaudited)	5
	Notes to the Unaudited Financial Statements	6
ITEM 2.	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.	7
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.	8
ITEM 4.	CONTROLS AND PROCEDURES.	8
	PART II.  OTHER INFORMATION	9
ITEM 1.	LEGAL PROCEEDINGS.	9
ITEM 1A.	RISK FACTORS.	9
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.	9
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES.	9
ITEM 4.	MINE SAFETY DISCLOSURES.	9
ITEM 5.	OTHER INFORMATION.	9
ITEM 6.	EXHIBITS.	10
Signatures Exhibit Index		11 12

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                                            PART I - FINANCIAL INFORMATION

BLACK ROCK PETROLEUM COMPANY
Balance Sheets
		As of July 31	As of April 30
		2016	2016
		(Unaudited)
ASSETS
Current Assets
	Cash and cash equivalents	$ 2	$ 2
	Total current assets	2	2
TOTAL ASSETS		$ 2	$ 2
LIABILITIES AND SHAREHOLDERS' DEFICIT
Current liabilities
	Accounts payable and accrued liabilities	$ 22,280	$ 18,673
	Due to related parties	89,360	86,360
	Total current liabilities	111,640	105,033
Stockholder's Deficit
	Share capital
	Authorized:
	100,000,000 preferred shares, par value $0.00001
	200,000,000 common shares, par value $0.00001
	Issued and outstanding:
	Nil preferred shares
	120,850,000 common shares	1,209	1,209
	Accumulated deficit	(112,847)	(106,240)
	Total stockholders' deficit	(111,638)	(105,031)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$ 2	$ 2

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

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BLACK ROCK PETROLEUM COMPANY
Statement of Operations
(Unaudited)
		For Three months	For Three months
		Ended	Ended
		July 31	July 31
		2016	2015
Expenses
	Accounting and legal	$ 2,857	$ 3,854
	Rent	3,000	3,000
	Stock management fees	750	-
Loss from operations		(6,607)	(6,854)
Net loss		$ (6,607)	$ (6,854)
Basic and diluted net loss per share		$ (0.00)	$ (0.00)
Weighted average number of common shares outstanding
	Basic and diluted	120,850,000	120,850,000

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

4

BLACK ROCK PETROLEUM COMPANY
Statement of Cash Flows
(Unaudited)
		Three months Ended July 31 2016	Three months Ended July 31 2015
Cash flows from operating activities
	Net Loss	$             (6,607)	$              (6,854)
	Adjustments ti reconcile net loss to net cash used in operating activities.
	Accounts payable and accrued liabilities	3,607	5,063
	Due to related parties	3,000
	Net cash used in operating activities	-	1,209
Cash flows from financing activities
	Proceeds from related party	-	3,000
	Net cash provided by financing activities	-	-
Net Increase in cash and cash equivalents		-	1,209
Cash and cash equivalents, beginning of period		2	86
Cash and cash equivalents, end of period		$                     2	$               1,295
SUPPLEMENTAL CASHFLOW INFORMATION
Cash paid for interest		-	- 8,782
Non -CASH TRANSACTIONS Cash paid for income taxes		-

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

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BLACK ROCK PETROLEUM COMPANY

Notes to the Financial Statements (Unaudited)

1. INCORPORATION AND BASIS OF PRESENTATION

Black Rock Petroleum Company was formed on April 24, 2013 under the laws of the State of Nevada.  We have not commenced our planned principal operations. The Company’s fiscal year end is April 30.

We have not generated any operating revenues to date.

The interim unaudited financial statements as of July 31, 2016, and for the three months ended July 31, 2016 and 2015 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information 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 and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period. They do not include all of the information and footnotes required by GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended April 30, 2016.

2. GOING CONCERN

The Company's financial statements are prepared using generally accepted accounting principles applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business.  As shown in the accompanying financial statements, the Company has incurred a net loss of $6,607 and negative cash flow for the three months ended July 31, 2016. The Company has sustained losses and additional equity financing will be required by the Company to fund its development activities and to support operations. However, there is no assurance that the Company will be able to obtain additional financing. The Company has not generated any operating revenues to date. Furthermore, the Company’s existence is dependent upon management’s ability to develop profitable operations. These factors, among others, raise substantial doubt that the Company will be able to continue as a going concern. These financial statements do not include any adjustments that might result from this uncertainty.

3. RECLASSIFICATIONS

Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position.

4. DUE TO RELATED PARTY

During the three months ended July 31, 2016, the sole officer and director of the Company paid $50,360 expense on behalf of the Company. As of July 31, 2016 , $50,360 was due to the sole officer and director. The amount due was unsecured, non-interest bearing and due on demand.

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

Forward-Looking Statements

Certain statements, other 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.” These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are 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. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse affect on our operations and future prospects on a consolidated basis 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.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

We are an oil and gas company incorporated in Nevada on April 9, 2013.

In view of the current world wide depressed market for oil, we have chosen to remain on the sidelines and consider all possibilities including the possibility of changing business direction.

Results of Operations for the three months ended July 31, 2016.

We have not earned any revenues during the three months ended July 31, 2016 and 2015. We incurred expenses and a net loss in the amount of $6,607 and $6,854. For the three months ended July 31, 2016. Our expenses consisted of $2,857 accounting and legal fees, $3,000 rent fees and $750 stock management fees.

Our losses are attributable to operating expenses together with a lack of any revenues.

Liquidity and Capital Resources

As ofJuly 31, 2016, we had total current assets of $2 of cash. We had current liabilities of $111,640.

 Going Concern

As discussed in the notes to our consolidated financial statements, we have no established source of revenue.  This has raised substantial doubt for our auditors about our ability to continue as a going concern.  Without realization of additional capital, it would be unlikely for us to continue as a going concern.

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Our activities to date have been supported by equity financing.  Management continues to seek funding from its shareholders and other qualified investors to pursue its business plan.

Off Balance Sheet Arrangements

As of July 31, 2016, there were no off balance sheet arrangements.

Critical Accounting Policies

In December 2001, the SEC requested that all registrants list their most “critical accounting polices” in the Management Discussion and Analysis. The SEC indicated that a “critical accounting policy” is one which is both important to the portrayal of a company’s financial condition and results, and requires management’s most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. Currently, we do not believe that any accounting policies fit this definition.

Recently Issued Accounting Pronouncements

We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations, financial position or cash flow.

ITEM 3.          QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

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

ITEM 4.          CONTROLS AND PROCEDURES.

Under the supervision and with the participation of our management, including the principal executive officer and principal financial officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation by the Principal Executive Officer.

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PART II - OTHER INFORMATION

ITEM 1.          LEGAL PROCEEDINGS.

None.

ITEM 1A.       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 2.          UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3.          DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4.          MINE SAFETY DISCLOSURES.

None.

ITEM 5.          OTHER INFORMATION.

None.

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ITEM 6. EXHIBITS.

Exhibit	Document Description	Incorporated by reference			Filed herewith
		Form	Date	Number
3.1	Articles of Incorporation.	S-1	7/08/13	3.1
3.2	Bylaws.	S-1	7/08/13	3.2
3.3	Amended Articles of Incorporation.	S-1	7/08/13	3.3
14.1	Code of Ethics.	10-		14.1
		K/A
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
99.2	Audit Committee Charter.	10-		99.2
		K/A
99.3	Disclosure Committee Charter.	10-		99.3
		K/A
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension – Schema.
101.CAL	XBRL Taxonomy Extension – Calculations.
101.DEF	XBRL Taxonomy Extension – Definitions.
101.LAB	XBRL Taxonomy Extension – Labels.
101.PRE	XBRL Taxonomy Extension – Presentation.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on 2 day of February, 2017

BLACK ROCK PETROLEUM COMPANY

BY:

ZOLTAN NAGY
Zoltan Nagy President, Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer, Secretary, Treasurer and sole member of the Board of Directors

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EXHIBIT INDEX

Exhibit	Document Description	Incorporated by reference			Filed herewith
		Form	Date	Number
3.1	Articles of Incorporation.	S-1	7/08/13	3.1
3.2	Bylaws.	S-1	7/08/13	3.2
3.3	Amended Articles of Incorporation.	S-1	7/08/13	3.3
14.1	Code of Ethics.	10-		14.1
		K/A
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
99.2	Audit Committee Charter.	10-		99.2
		K/A
99.3	Disclosure Committee Charter.	10-		99.3
		K/A
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension – Schema.
101.CAL	XBRL Taxonomy Extension – Calculations.
101.DEF	XBRL Taxonomy Extension – Definitions.
101.LAB	XBRL Taxonomy Extension – Labels.
101.PRE	XBRL Taxonomy Extension – Presentation.

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