10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 10-Q/A

Amendment No. 1

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

For the quarterly period ended June 30, 2015

or

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

For the transition period from _________ to ___________

333-196409

Commission File Number

AMERICA RESOURCES EXPLORATION INC.

(Exact name of registrant as specified in its charter)

Nevada	98-1153516
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
2800 Post Oak Boulevard
Suite 4100
Houston, TX	77056
(Address of principal executive offices)	(Zip Code)

(832) 390-2273

(Registrant’s telephone number, including area code)

 (Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [  ] 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). [X] Yes [  ] 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 [  ] (Do not check if a smaller reporting company)	Smaller reporting company [X]

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

As of August 6, 2015, the issuer had 129,400,000 shares of common stock issued and outstanding.

The purpose of this Amendment No. 1 (the “Amendment”) to the America Resources Exploration Inc. Quarterly Report on Form 10-Q for the quarter ended June 30, 2015, filed with the Securities and Exchange Commission on August 21, 2015 (the “Form 10-Q”), is solely to (a) include Exhibit 10.2, which was inadvertently not attached to the previously filed 10-Q; and (b) furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 to this report provides the financial statements and related notes from the Form 10-Q formatted in XBRL (eXtensible Business Reporting Language).

No other changes have been made to the Form 10-Q. This Amendment speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred after the original filing date, and does not modify or in any way update disclosures made in the original Form 10-Q.

Pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Section 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

2

Item 6. Exhibits.

Certain of the following exhibits are incorporated by reference from prior filings.  The form with which each exhibit was filed and the date of filing are as indicated below; the reports described below are filed as Commission File No. 333-196409 unless otherwise indicated.

3.1	Articles of Incorporation of the Registrant incorporated by reference to Exhibit 3.1 to the Registrant’s registration statement on Form S-1 filed with the SEC on May 20, 2014, file number 333-196409
3.2	Bylaws of Registrant incorporated by reference to Exhibit 3.2 to the Registrant’s registration statement on Form S-1 filed with the SEC on May 20, 2014, file number 333-196409.
10.1	Asset Purchase Agreement, among the Registrant, Zheng Xiangwu and Nelaco Operating Inc., dated June 10, 2015 incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on June 16, 2015, file number 333-196409.
10.2	Asset Purchase Agreement, between the Seabourn Oil Company, LLC, Mr. Joe M. Seabourn and Nelaco Operating Inc. dated May 27, 2015. (1)
31.1	Certification of the Principal Executive Officer and Principal Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (1)
32.1	Certification of the Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350). (1)
101	The following financial information from our Quarterly Report on Form 10-Q for the period ended June 30, 2015, formatted in Extensible Business Reporting Language (XBRL). (1)

(1) Filed herewith electronically.

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.

America Resources Exploration Inc.

(Registrant)

Date: August 22, 2015

By: /s/ Huang Yu

Huang Yu

President and Chief Financial Officer

3

EX-10.2

Exhibit 10.2

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Huang Yu, President and Chief Financial Officer of AMERICA RESOURCES EXPLORATION INC., certify that:

1. I have reviewed this Form 10-Q/A of AMERICA RESOURCES EXPLORATION INC. (the “Registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d- 15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure control and procedures to be designed under my supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

d) disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter (the Registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date: August 22, 2015

/s/ Huang Yu

Huang Yu, President, Chief Financial Officer,

Principal Executive Officer,

Principal Financial Officer and Principal Accounting Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of AMERICA RESOURCES EXPLORATION INC. (the "Company") on Form 10-Q/A for the period ended June 30, 2015 as filed with the Securities and Exchange Commission on or about the date hereof (the "Report"), the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 22, 2015

/s/ Huang Yu

Huang Yu, President, Chief Financial Officer,

Principal Executive Officer,

Principal Financial Officer and Principal Accounting Officer

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OIL AND GAS PROPERTIES

3 Months Ended

Jun. 30, 2015

Oil and Gas Property [Abstract]

OIL AND GAS PROPERTIES

NOTE 2 – OIL AND GAS PROPERTIES

On June 10, 2015, the Company entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with Zheng Xiangwu, a resident of Guang Dong Province, China, whereby the Company issued 4 million shares of its common stock in exchange for rights to certain oil and gas leases located in Frio and Atascosa Counties, Texas, consisting of a total of 714 total acres of land, two (2) working wells and a total of seven (7) wells (the “Leases”).

On June 11, 2015 the Company has become an assignee of multiple properties listed in the table below, upon completion of the acquisitions and signing Asset Purchase Agreement, company will issue 650,000 shares of its common stock to Mr. Zheng Xiangwu. The number of shares issued to Mr. Zheng was determined by using original purchase price of the property.

Assignment Date	Name of The Property	Type of Property	Location
June 11th, 2015	Ellis County	Overriding Royalty Int.	Oklahoma
June 11th, 2015	Hemphill County	Overriding Royalty Int	Texas
June 11th , 2015	Madison County	Wellbore Interest	Texas
June 11th, 2015	Shelby County	Wellbore Interest	Texas
June 11th, 2015	Emergy County	Lease Purchase	Utah

On June 12, 2015, the Company completed the acquisition of the Leases pursuant to the Asset Purchase Agreement. As a result of the completion of this acquisition, 4 million shares of the Company’s common stock were issued to Mr. Zheng Xiangwu, which owns the Company’s largest shareholder, Rise Fast Limited (see Note 5). The number of shares issued to Mr. Zheng was determined by valuing the Leases at $160,000 and valuing the Company’s stock at $0.04 per share. The price per share was determined by reference to the last price at which the Company sold shares of its common stock, $0.01, pursuant to its offering of shares under its S-1 Registration Statement in August 2014, and slightly adjusted by reference to the market bid price of $0.15 immediately prior to the sale of the 4 million shares to Mr. Zheng.

Mr. Zheng is the owner of Rise Fast Limited, a Hong Kong corporation (“Rise Fast”), which is the majority shareholder of the Company. Rise Fast owns 90,000,000 shares of the Company’s common stock.

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SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

3 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

As of June 30, 2015, the Company’s significant accounting policies were consistent with those discussed in the audited financial statements as of March 31, 2015.

Oil and Gas Properties—The Company follows the full cost accounting method to account for oil and natural gas properties, whereby costs incurred in the acquisition, exploration and development of oil and gas reserves are capitalized. Such costs include lease acquisition, geological and geophysical activities, rentals on nonproducing leases, drilling, completing and equipping of oil and gas wells and administrative costs directly attributable to those activities and asset retirement costs. Disposition of oil and gas properties are accounted for as a reduction of capitalized costs, with no gain or loss recognized unless such adjustment would significantly alter the relationship between capital costs and proved reserves of oil and gas, in which case the gain or loss is recognized to operations.

The capitalized costs of oil and gas properties, excluding unevaluated and unproved properties, are amortized as depreciation, depletion and amortization expense using the units-of-production method based on estimated proved recoverable oil and gas reserves.

The costs associated with unevaluated and unproved properties, initially excluded from the amortization base, relate to unproved leasehold acreage, wells and production facilities in progress and wells pending determination of the existence of proved reserves, together with capitalized interest costs for these projects. Unproved leasehold costs are transferred to the amortization base with the costs of drilling the related well once a determination of the existence of proved reserves has been made or upon impairment of a lease. Costs associated with wells in progress and completed wells that have yet to be evaluated are transferred to the amortization base once a determination is made whether or not proved reserves can be assigned to the property. Costs of dry wells are transferred to the amortization base immediately upon determination that the well is unsuccessful.

All items classified as unproved property are assessed on a quarterly basis for possible impairment or reduction in value. Properties are assessed on an individual basis or as a group if properties are individually insignificant. The assessment includes consideration of various factors, including, but not limited to, the following: intent to drill; remaining lease term; geological and geophysical evaluations; drilling results and activity; assignment of proved reserves; and economic viability of development if proved reserves are assigned. During any period in which these factors indicate an impairment, the cumulative drilling costs incurred to date for such property and all or a portion of the associated leasehold costs are transferred to the full cost pool and become subject to amortization.

Under full cost accounting rules for each cost center, capitalized costs of evaluated oil and gas properties, including asset retirement costs, less accumulated amortization and related deferred income taxes, may not exceed an amount (the "cost ceiling") equal to the sum of (a) the present value of future net cash flows from estimated production of proved oil and gas reserves, based on current prices and operating conditions, discounted at ten percent (10%), plus (b) the cost of properties not being amortized, plus (c) the lower of cost or estimated fair value of any unproved properties included in the costs being amortized, less (d) any income tax effects related to differences between the book and tax basis of the properties involved. If capitalized costs exceed this limit, the excess is charged to operations.  For purposes of the ceiling test calculation, current prices are defined as the unweighted arithmetic average of the first day of the month price for each month within the 12 month period prior to the end of the reporting period.  Prices are adjusted for basis or location differentials.  Unless sales contracts specify otherwise, prices are held constant for the productive life of each well.  Similarly, current costs are assumed to remain constant over the entire calculation period.

Given the volatility of oil and gas prices, it is reasonably possible that the estimate of discounted future net cash flows from proved oil and gas reserves could change in the near term. If oil and gas prices decline in the future, even if only for a short period of time, it is possible that impairments of oil and gas properties could occur. In addition, it is reasonably possible that impairments could occur if costs are incurred in excess of any increases in the present value of future net cash flows from proved oil and gas reserves, or if properties are sold for proceeds less than the discounted present value of the related proved oil and gas reserves.

Revenue Recognition—Oil and gas sales result from undivided interests held by the Company in oil and gas properties. Sales of oil and gas produced from oil and gas operations are recognized when the product is delivered to the purchaser and title transfers to the purchaser. Charges for gathering and transportation are included in production expenses.  The Company had no sales of oil and gas during the quarter ended June 30, 2015.

Asset Retirement Obligations—The Company records a liability for asset retirement obligations ("ARO") associated with its oil and gas wells when those assets are placed in service. The corresponding cost is capitalized as an asset and included in the carrying amount of oil and gas properties and is depleted over the useful life of the properties. Subsequently, the ARO liability is accreted to its then-present value.

Inherent in the fair value calculation of an ARO are numerous assumptions and judgments including the ultimate settlement amounts, inflation factors, credit adjusted discount rates, timing of settlement, and changes in the legal, regulatory, environmental and political environments. To the extent future revisions to these assumptions impact the fair value of the existing ARO liability, a corresponding adjustment is made to the oil and gas property balance. Settlements greater than or less than amounts accrued as ARO are recorded as a gain or loss upon settlement.

Capitalized Interest—Interest is capitalized as part of the historical cost of developing and constructing assets for significant projects. Significant oil and gas investments in unproved properties, significant exploration and development projects for which depreciation, depletion and amortization expense is not currently recognized, and exploration or development activities that are in progress qualify for interest capitalization. Interest is capitalized until the asset is ready for service. Capitalized interest is determined by multiplying the Company's weighted-average borrowing cost on debt by the average amount of qualifying costs incurred. Once an asset subject to interest capitalization is completed and placed in service, the associated capitalized interest is expensed through depletion or impairment, along with other capitalized costs related to that asset.

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BALANCE SHEET - USD ($)		Jun. 30, 2015	Mar. 31, 2015
Current assets
Cash and cash equivalents		$ 145,911	$ 5,971
Total current assets		145,911	5,971
Oil and gas, on the basis of full cost accounting
Proved properties		164,504
Overriding Royalty Interests		45,328
Unproved Property		5,935
Total assets		361,678	5,971
Current liabilities
Accounts payable		2,275	400
Other liabilities		10,200	5,600
Other AP		51,263
Total current liabilities		63,738	6,000
Asset retirement obligations		4,549
Total liabilities		$ 68,287	$ 6,000
Commitments and contingencies
Stockholders' (deficit) equity
Common stock, par value $0.001; 300,000,000 shares authorized, 130,400,000 and 125,400,000 shares issued and outstanding as of June 30, 2015 and March 31, 2015 respectively	[1]	$ 13,360	$ 8,360
Additional paid in capital		326,158	21,159
Retained deficit		(46,127)	(29,548)
Total stockholders' (deficit) equity		293,391	(29)
Total liabilities and stockholders' (deficit) equity		$ 361,678	$ 5,971

[1] All common share amounts and per share amounts in these financial statements reflect the 15-for-1 split of the issued and outstanding shares of common stock of the Company, effective April 29, 2015, including retroactive adjustment of common share amounts. See Note 5.

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STATEMENT OF CASH FLOWS - USD ($)	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net loss	$ (16,580)	$ (5,275)
Adjustments to reconcile net loss to net cash from operating activities:
Asset retirement obligation accretion	45
Change in operating assets and liabilities:
Accounts payable	1,875	1,250
Other liabilities	4,600	4,500
Net cash from operating activities	(10,060)	475
Cash flows from financing activities
Proceeds from sale of common stock	150,000
Net cash from financing activities	150,000
Net change in cash and cash equivalents	139,940	475
Cash and cash equivalents
Beginning of period	5,971	178
End of period	145,911	$ 653
Noncash investing and financing activities:
Issuance of common stock for acquisition of oil and gas properties	160,000
Asset retirement obligations incurred	$ 4,549

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BASIS OF PRESENTATION

3 Months Ended

Jun. 30, 2015

Basis Of Presentation [Abstract]

BASIS OF PRESENTATION

NOTE 1 – BASIS OF PRESENTATION

These financial statements of America Resources Exploration, Inc., formerly Alazzio Entertainment Corp. (“the Company"), have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). In the opinion of management, these financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the results for the interim periods. Certain information, accounting policies and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to Securities and Exchange Commission (SEC) rules and regulations. These financial statements should be read along with the Company’s audited financial statements as of March 31, 2015.

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BALANCE SHEET (Parentheticals)		3 Months Ended
		Jun. 30, 2015 $ / shares shares	Mar. 31, 2015 $ / shares shares
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share) | $ / shares	[1]	$ 0.001	$ 0.001
Common stock, shares authorized	[1]	300,000,000	300,000,000
Common stock, shares issued	[1]	130,400,000	125,400,000
Common stock, shares outstanding	[1]	130,400,000	125,400,000
Common Shares, Stock Split, Conversion Ratio		15

[1] All common share amounts and per share amounts in these financial statements reflect the 15-for-1 split of the issued and outstanding shares of common stock of the Company, effective April 29, 2015, including retroactive adjustment of common share amounts. See Note 5.

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ASSET RETIREMENT OBLIGATIONS (Details 1)	3 Months Ended
	Jun. 30, 2015 USD ($)
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligations at April 1, 2015
Asset retirement obligations incurred	$ 4,504
Accretion expense	45
Asset retirement obligations at June 30, 2015	$ 4,549

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Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2015	Aug. 06, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	America Resources Exploration Inc.
Entity Central Index Key	0001609258
Trading Symbol	aren
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		129,400,000
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1

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COMMON STOCK (Detail Textuals)			1 Months Ended	3 Months Ended
		Jun. 12, 2015 $ / shares shares	Jun. 15, 2015 USD ($) shares	Jun. 30, 2015 USD ($) shares	Mar. 31, 2015 shares
Stockholders Equity Note [Line Items]
Prior amendment on common stock share authorized				75,000,000
Common stock, shares authorized	[1]			300,000,000	300,000,000
Common Shares, Stock Split, Conversion Ratio				15
Proceeds from sale of common stock | $				$ 150,000
Subscription Agreement
Stockholders Equity Note [Line Items]
Sale of stock description of transaction		The Subscription Agreement provides that the shares shallbe sold as follows: (i) upon execution thereof, the purchase irrevocably agrees to purchase 1million at $0.15 per share; (ii) withinsixty (60) days of the date of the Subscription Agreement, the purchaser has the right to purchase an additional 750,000 shares atthe price of $0.20 per share; and (iii) within one hundred twenty (120) days of the date of the Subscription Agreement, the purchaser has the right to purchase an additional 800,000 shares at the price of $0.20 per share.
Shares issued for cash			1,000,000
Proceeds from sale of common stock | $			$ 150,000
Subscription Agreement | Maximum
Stockholders Equity Note [Line Items]
Sale of stock		2,550,000
Subscription Agreement | Upon execution thereof
Stockholders Equity Note [Line Items]
Sale of stock		1,000,000
Sale of stock, price per share | $ / shares		$ 0.15
Subscription Agreement | Within sixty (60) days
Stockholders Equity Note [Line Items]
Sale of stock		750,000
Sale of stock, price per share | $ / shares		$ 0.20
Subscription Agreement | Within one hundred twenty (120) days
Stockholders Equity Note [Line Items]
Sale of stock		800,000
Sale of stock, price per share | $ / shares		$ 0.20
Mr. Zheng | Asset Purchase Agreement
Stockholders Equity Note [Line Items]
Number of shares issued		4,000,000
Sale of stock, price per share | $ / shares		$ 0.01

[1] All common share amounts and per share amounts in these financial statements reflect the 15-for-1 split of the issued and outstanding shares of common stock of the Company, effective April 29, 2015, including retroactive adjustment of common share amounts. See Note 5.

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STATEMENT OF OPERATIONS - USD ($) None in scaling factor is -9223372036854775296		3 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenues
Operating expenses
Lease operating expense		$ 2,592
Accretion expense		45
Total operating expense		2,637
General and administrative expenses		13,943	$ 5,275
Net loss		$ (16,580)	$ (5,275)
Net loss per share - basic and diluted (in dollars per share)
Weighted average shares outstanding - basic and diluted (in shares)	[1]	127,024,542	90,000,000

[1] All common share amounts and per share amounts in these financial statements reflect the 15-for-1 split of the issued and outstanding shares of common stock of the Company, effective April 29, 2015, including retroactive adjustment of common share amounts. See Note 5.

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COMMON STOCK

3 Months Ended

Jun. 30, 2015

Stockholders' Equity Note [Abstract]

COMMON STOCK

NOTE 5 – COMMON STOCK

On April 16, 2015,  the Company filed  a Certificate of Amendment with the Nevada Secretary of State whereby it amended its Articles of  Incorporation  by  increasing  the Company's authorized  number of shares of common  stock from 75 million to 300 million and increasing all of its issued and outstanding  shares of common stock at a ratio of fifteen (15) shares for every one (1) share  held.  All share amounts in these financial statements have been adjusted to reflect this stock split. On June 12, 2015, Company issued 4,000,000 shares of common stock related to the acquisition of oil and gas property (see Note 2).

On June 12, 2015, the Company accepted a Subscription Agreement for the sale of up to 2.55 million shares of its common stock.No underwriters were utilized in connection with this sale ofsecurities. The Subscription Agreement provides that the shares shallbe sold as follows: (i) upon execution thereof, the purchase irrevocably agrees to purchase 1million at $0.15 per share; (ii) withinsixty (60) days of the date of the Subscription Agreement, the purchaser has the right to purchase an additional 750,000 shares atthe price of $0.20 per share; and (iii) within one hundred twenty (120) days of the date of the Subscription Agreement, thepurchaser has the right to purchase an additional 800,000 shares at the price of $0.20 per share. On June 15, 2015,Company issued 1,000,000 shares of common stock for cash proceeds of $150,000.

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INCOME TAXES

3 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 4 – INCOME TAXES

The Company estimates its annual effective income tax rate in recording its quarterly provision for income taxes in the various jurisdictions in which the Company operates. Statutory tax rate changes and other significant or unusual items are recognized as discrete items in the quarter in which they occur. The Company recorded no income tax expense for the three-month period ended June 30, 2015 because the Company estimates it will record no income tax expense for the fiscal year ended March 31, 2016.  The Company recorded no income tax expense for the fiscal year ended March 31, 2015. The Company has a valuation allowance that fully offsets net deferred tax assets.

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OIL AND GAS PROPERTIES (Detail Textuals) - Mr. Zheng Xiangwu - USD ($)	Jun. 12, 2015	Jun. 11, 2015	Jun. 10, 2015
Oil And Gas Properties [Line Items]
Number of shares issued	90,000,000
Asset Purchase Agreement
Oil And Gas Properties [Line Items]
Number of shares issued	4,000,000	650,000	4,000,000
Value of shares issued	$ 160,000
Shares Issued, Price Per Share	$ 0.04
Sale of stock, price per share	0.01
Share price per share	$ 0.15

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SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Oil and Gas Properties

Oil and Gas Properties—The Company follows the full cost accounting method to account for oil and natural gas properties, whereby costs incurred in the acquisition, exploration and development of oil and gas reserves are capitalized. Such costs include lease acquisition, geological and geophysical activities, rentals on nonproducing leases, drilling, completing and equipping of oil and gas wells and administrative costs directly attributable to those activities and asset retirement costs. Disposition of oil and gas properties are accounted for as a reduction of capitalized costs, with no gain or loss recognized unless such adjustment would significantly alter the relationship between capital costs and proved reserves of oil and gas, in which case the gain or loss is recognized to operations.

The capitalized costs of oil and gas properties, excluding unevaluated and unproved properties, are amortized as depreciation, depletion and amortization expense using the units-of-production method based on estimated proved recoverable oil and gas reserves.

The costs associated with unevaluated and unproved properties, initially excluded from the amortization base, relate to unproved leasehold acreage, wells and production facilities in progress and wells pending determination of the existence of proved reserves, together with capitalized interest costs for these projects. Unproved leasehold costs are transferred to the amortization base with the costs of drilling the related well once a determination of the existence of proved reserves has been made or upon impairment of a lease. Costs associated with wells in progress and completed wells that have yet to be evaluated are transferred to the amortization base once a determination is made whether or not proved reserves can be assigned to the property. Costs of dry wells are transferred to the amortization base immediately upon determination that the well is unsuccessful.

All items classified as unproved property are assessed on a quarterly basis for possible impairment or reduction in value. Properties are assessed on an individual basis or as a group if properties are individually insignificant. The assessment includes consideration of various factors, including, but not limited to, the following: intent to drill; remaining lease term; geological and geophysical evaluations; drilling results and activity; assignment of proved reserves; and economic viability of development if proved reserves are assigned. During any period in which these factors indicate an impairment, the cumulative drilling costs incurred to date for such property and all or a portion of the associated leasehold costs are transferred to the full cost pool and become subject to amortization.

Under full cost accounting rules for each cost center, capitalized costs of evaluated oil and gas properties, including asset retirement costs, less accumulated amortization and related deferred income taxes, may not exceed an amount (the "cost ceiling") equal to the sum of (a) the present value of future net cash flows from estimated production of proved oil and gas reserves, based on current prices and operating conditions, discounted at ten percent (10%), plus (b) the cost of properties not being amortized, plus (c) the lower of cost or estimated fair value of any unproved properties included in the costs being amortized, less (d) any income tax effects related to differences between the book and tax basis of the properties involved. If capitalized costs exceed this limit, the excess is charged to operations.  For purposes of the ceiling test calculation, current prices are defined as the unweighted arithmetic average of the first day of the month price for each month within the 12 month period prior to the end of the reporting period.  Prices are adjusted for basis or location differentials.  Unless sales contracts specify otherwise, prices are held constant for the productive life of each well.  Similarly, current costs are assumed to remain constant over the entire calculation period.

Given the volatility of oil and gas prices, it is reasonably possible that the estimate of discounted future net cash flows from proved oil and gas reserves could change in the near term. If oil and gas prices decline in the future, even if only for a short period of time, it is possible that impairments of oil and gas properties could occur. In addition, it is reasonably possible that impairments could occur if costs are incurred in excess of any increases in the present value of future net cash flows from proved oil and gas reserves, or if properties are sold for proceeds less than the discounted present value of the related proved oil and gas reserves.

Revenue Recognition

Revenue Recognition—Oil and gas sales result from undivided interests held by the Company in oil and gas properties. Sales of oil and gas produced from oil and gas operations are recognized when the product is delivered to the purchaser and title transfers to the purchaser. Charges for gathering and transportation are included in production expenses.  The Company had no sales of oil and gas during the quarter ended June 30, 2015.

Asset Retirement Obligations

Asset Retirement Obligations—The Company records a liability for asset retirement obligations ("ARO") associated with its oil and gas wells when those assets are placed in service. The corresponding cost is capitalized as an asset and included in the carrying amount of oil and gas properties and is depleted over the useful life of the properties. Subsequently, the ARO liability is accreted to its then-present value.

Inherent in the fair value calculation of an ARO are numerous assumptions and judgments including the ultimate settlement amounts, inflation factors, credit adjusted discount rates, timing of settlement, and changes in the legal, regulatory, environmental and political environments. To the extent future revisions to these assumptions impact the fair value of the existing ARO liability, a corresponding adjustment is made to the oil and gas property balance. Settlements greater than or less than amounts accrued as ARO are recorded as a gain or loss upon settlement.

Capitalized Interest

Capitalized Interest—Interest is capitalized as part of the historical cost of developing and constructing assets for significant projects. Significant oil and gas investments in unproved properties, significant exploration and development projects for which depreciation, depletion and amortization expense is not currently recognized, and exploration or development activities that are in progress qualify for interest capitalization. Interest is capitalized until the asset is ready for service. Capitalized interest is determined by multiplying the Company's weighted-average borrowing cost on debt by the average amount of qualifying costs incurred. Once an asset subject to interest capitalization is completed and placed in service, the associated capitalized interest is expensed through depletion or impairment, along with other capitalized costs related to that asset.

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ASSET RETIREMENT OBLIGATIONS (Tables)

3 Months Ended

Jun. 30, 2015

Asset Retirement Obligation Disclosure [Abstract]

Schedule of fair value of ARO

For the purpose of determining the fair value of ARO incurred during the three-month period ended June 30, 2015, the Company used the following assumptions.

Inflation Rate	3%
Estimated asset life	20 years
Credit adjusted risk free interest rate	18%

Schedule of change in ARO

Asset retirement obligations at April 1, 2015	$	-
Asset retirement obligations incurred		4,504
Accretion expense		45
Asset retirement obligations at June 30, 2015	$	4,549

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ASSET RETIREMENT OBLIGATIONS (Details) - 3 months ended Jun. 30, 2015	Total
Asset Retirement Obligation Disclosure [Abstract]
Inflation Rate	3.00%
Estimated asset life	20 years
Credit adjusted risk free interest rate	18.00%

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STATEMENT OF OPERATIONS (Parentheticals)	3 Months Ended
	Jun. 30, 2015
Income Statement [Abstract]
Common Shares, Stock Split, Conversion Ratio	15

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ASSET RETIREMENT OBLIGATIONS

3 Months Ended

Jun. 30, 2015

Asset Retirement Obligation Disclosure [Abstract]

ASSET RETIREMENT OBLIGATIONS

NOTE 3 –ASSET RETIREMENT OBLIGATIONS

The Company has asset retirement obligations for any wells that are permanently removed from service. The primary obligations involve the removal and disposal of surface equipment, plugging and abandoning the wells and site restoration. For the purpose of determining the fair value of ARO incurred during the three-month period ended June 30, 2015, the Company used the following assumptions.

Inflation Rate	3%
Estimated asset life	20 years
Credit adjusted risk free interest rate	18%

The following table shows the change in the Company’s ARO during the three-month period ended June 30, 2015:

Asset retirement obligations at April 1, 2015	$	-
Asset retirement obligations incurred		4,504
Accretion expense		45
Asset retirement obligations at June 30, 2015	$	4,549