10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

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

From transition period from ____________ to ____________ 

Commission File No.: 333-201740

BARREL ENERGY, INC.

(Exact name of registrant as specified in its charter)

Nevada	47-1963189
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
14890 66a Avenue, Surrey, B.C. Canada	V3S 0Y6
(Address of principal executive offices)	(Zip Code)

(604) 375-6005

(Registrant’s telephone number, including area code)

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

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	x

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

As of August 12, 2015 the registrant had 10,000,000 shares of common stock outstanding. 

TABLE OF CONTENTS

PART I FINANCIAL INFORMATION
Item 1:	Financial Statements	4
	Balance Sheets (Unaudited) as of June 30, 2015 and September 30, 2014	4
	Statements of Operations (Unaudited) for the Three and Nine Months Ended June 30, 2015 and January 27, 2014, inception, through June 30, 2014	5
	Statements of Cash Flows (Unaudited) for the Nine Months Ended June 30, 2015 and January 27, 2014, inception, to June 30, 2014	6
	Notes to Financial Statements (Unaudited)	7
Item 2:	Management’s Discussion and Analysis of Financial Condition and Results of Operations	8
Item 3:	Quantitative and Qualitative Disclosures about Market Risk	9
Item 4T:	Controls and Procedures	9
PART II OTHER INFORMATION
Item 1:	Legal Proceedings	10
Item 1A:	Risk Factors	10
Item 2:	Unregistered Sales of Securities and Use of Proceeds	10
Item 3:	Default upon Senior Securities	10
Item 4:	Mine Safety Information	10
Item 5:	Other information	10
Item 6:	Exhibits	10
Signatures		11

2

Reference in this report to “BARREL ENERGY” “we,” “us,” and “our” refer to BARREL ENERGY, Inc. 

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

The Securities and Exchange Commission (“SEC”) encourages companies to disclose forward-looking information so that investors can better understand future prospects and make informed investment decisions. This report contains these types of statements. Words such as “may,” “expect,” “believe,” “anticipate,” “estimate,” “project,” or “continue” or comparable terminology used in connection with any discussion of future operating results or financial performance identify forward-looking statements. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. All forward-looking statements reflect our present expectation of future events and are subject to a number of important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

3

PART I - FINANCIAL INFORMATION

ITEM 1: FINANCIAL STATEMENTS

The financial information set forth below with respect to our statements of operations for the three and nine months periods ended June 30, 2015 and January 27, 2014, inception, through June 30, 2014 is unaudited. This financial information, in the opinion of management, includes all adjustments consisting of normal recurring entries necessary for the fair presentation of such data. The results of operations for the three and nine month periods ended June 30, 2015, are not necessarily indicative of results to be expected for any subsequent period. Our year end is September 30. 

BARREL ENERGY INC

BALANCE SHEETS

(Unaudited)

	June 30, 2015			September 30, 2014
ASSETS
Current assets:
Cash and cash equivalents	$	532		$	1,770
Total current assets		532			1,770
Oil lease - unproved		48,555			53,772
Total assets	$	49,087		$	55,542
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$	2,026		$	--
Accrued interest		6,551			1,084
Advance from shareholder		12,026			--
Total current liabilities		20,602			1,084
Convertible notes payable		78,864			67,215
Total liabilities		99,467			68,299
Stockholders’ equity (deficit):
Common stock, $0.001 par value, 75,000,000 authorized, 10,000,000 issued and outstanding		8,989			8,989
Accumulated other comprehensive income (loss)		3,443			395
Accumulated deficit		(62,812	)		(22,141	)
Total stockholders’ deficit		(50,380	)		(12,757	)
Total liabilities and stockholders’ equity	$	49,087		$	55,542

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

4

BARREL ENERGY INC

STATEMENTS OF OPERATIONS

(Unaudited)

	Three Months Ended June 30,						From inception, January 27, 2014 through June 30,
	2015			2014			2015			2014
Operating expenses:
General and administrative expense	$	3,221		$	6,442		$	34,232		$	6,450
Loss from operations		(3,221	)		(6,442	)		(34,232	)		(6,450	)
Other income (expense)
Interest expense		(1,882	)		--			(5,742	)		--
Currency loss		--			(827	)		(697	)		(828	)
Total other income (expense)		(1,882	)		(827	)		(6,439	)		(828	)
Net loss	$	(5,103	)	$	(7,269	)	$	(40,671	)	$	(7,278	)
Foreign currency translation adjustment		197			--			3,443			196
Comprehensive (loss)		(5,300	)		(7,269	)		(44,114	)		(7,474	)
Net loss per share, basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average number of shares outstanding, basic and diluted		10,000,000			10,000,000			10,000,000			10,000,000

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

5

BARREL ENGERGY INC

STATEMENTS OF CASH FLOWS

(Unaudited)

	Nine Months ended June 30, 2015			From Inception, January 27, 2014 through June 30, 2014
Cash flows from operating activities:
Net loss	$	(40,671	)	$	(7,278	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Changes in operating assets and liabilities:
Accounts payable		2,026			--
Accrued interest		5,467			7,278
Net cash used in operating activities		(33,178	)		(7,278	)
Cash flows from financing activities:
Proceeds from sale of common stock		--			8,989
Advance- related party		12,512			--
Proceeds from convertible note payable		20,173			70,285
Net cash provided by (used in) financing activities		32,685			79,274
Effects of currency translation		(745	)		196
Net increase (decrease) in cash		(493	)		72,192
Cash beginning of period		1,770			--
Cash end of period	$	532		$	72,196
SUPPLEMENT DISCLOSURES:
Interest paid	$	--		$	--
Income taxes paid	$	--		$	--

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

6

BARREL ENERGY INC

NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF BUSINESS

Barrel Energy Inc (Barrel) was incorporated on January 27, 2014 under the laws of the State of Nevada. The Company was formed to invest in producing oil and gas properties. On September 26, 2014 the Company leased a non-producing oil and gas property in the province of Alberta, Canada.

BASIS OF PRESENTATION 

The accompanying unaudited financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information required to be included in a complete set of financial statements in accordance with accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2015. The accompanying unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company’s form S-1 filed with the SEC on June 23, 2015. 

NOTE 2 - GOING CONCERN 

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company, as shown in the accompanying consolidated balance sheets, has no assets and an accumulated deficit of $62,812 as of June 30, 2015. The Company has not established any source of revenue to cover its operating costs. These factors raise substantial doubt about the company’s ability to continue as a going concern. The Company will engage in very limited activities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.

NOTE 3 - CONVERTIBLE NOTE 

On October 30, 2014, the Company issued a USD $20,173 (CAD $22,454) convertible note for cash. The note bears an interest rate of 9.5% and matures on December 31, 2016. The note, plus accrued interest, is convertible by the holder, in part or whole, until the date of maturity into common stock of the Company at CAD one cent ($0.01) per share.  

The Company analyzed the conversion option for derivative accounting and beneficial conversion features consideration under ASC 815-15 “Derivatives and Hedging” and ASC 470-20 “Convertible Securities with Beneficial Conversion Features” and noted none. 

As of June 30, 2015 the convertible debt outstanding was US $78,864 plus accrued interest of US $6,551 for a total liability of $85,415. 

NOTE 4 - RELATED PARTY TRANSACTION 

During the nine months period ended June 30, 2015 an officer and director advanced $12,512 to the Company. The advances are on demand and do not bear interest. 

7

ITEM 2: MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Executive Overview

BARREL ENERGY Inc. (“BARREL ENERGY” or the “Company”) was incorporated on May 22, 2008 as a Nevada corporation. The Company has developed a product for the repair of hanging venetian blinds. As part of this development the Company has completed the development and is building a machine to make the parts for blind repair that it is selling. The development and testing of the machine is near completion with production and marketing of the product to begin in the very near future. 

As of the date of this filing we have minimal operations and have recorded minimal revenues for the past two years. Our focus for the next twelve months will be to obtain additional funding to develop and expand our operations and new projects. Our success will depend on our ability to obtain funding through equity and/or debt transactions. However, with the downturn of the United States and world economies, we will encounter substantial competition for the limited financing that will be available in the market place. If we are unable to obtain financing, then we will likely delay further business development and marketing of our product.  

In summary, management continues to position the company in a way to best benefit from worldwide economic conditions, trends, events, and demand for new technologies. 

Liquidity and Capital Resources

As of June 30, 2015, we had an accumulated deficit of $ 62,812. We recorded a net loss of $5,103 and $40,671 for the three and nine months ending June 30, 2015. The net loss was $7,269 and $7,278 for the same periods during 2014. Based on these numbers there is substantial doubt that we can continue as a going concern unless we obtain external funding. Management plans to continue limited operations until we obtain additional funding to expand our operations.  

Working capital was a negative $20,070 as of June 30, 2015 compared to a positive $686 as of September 30, 2015. Cash used in operations totaled $27,527 during the nine months ending June 30, 2015 compared to $7,278 during the same period in 2014. Funds provided from financing activities was $23,677 in 2015 compared to $79,274 in 2014.  

Management expects to continue to issue common stock to pay for the marketing of the product once the machine is in production. The purchasers and manner of issuance will be determined according to our financial needs and the available exemptions. We also note that if we issue more shares of our common stock our shareholders may experience dilution in the value per share of their common stock.  

We intend to rely on debt and equity financing, capital contributions from management and sales of our common stock to pay for costs, services, operating leases, litigation expense and future development of our business opportunities. Accordingly, our focus for the next twelve months will be to obtain additional funding through debt or equity financing. Our success in obtaining funding will depend upon our ability to sell our common stock or borrow on terms that are financially advantageous to us. If we are unable to obtain financing, then expansion of our operations will be delayed. 

8

Results of Operations

The Company recorded no revenue during the three and nine months periods ended June 30, 2015 and 2014.  

General and administrative expenses for the three and nine months ended June 30, 2015 totaled $3,221 and $34,232 compared to $6,442 and $6,450 for the same periods in 2014. The decrease for the nine month’s periods in 2014 compared to 2015 was due to lower accounting, legal and consulting costs. 

The Company incurred a net loss of $5,103 and $40,671 in the three and nine months period ended June 30, 2015 compared to $7,269 and $7,278 in the same periods in 2014. The higher net loss was due to higher general and administrative cost in the nine month period ended June 30, 2015 compared to the same period in 2014. 

Off-Balance Sheet Arrangements

None 

ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable. 

ITEM 4: CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures  

Based on their evaluation of our disclosure controls and procedures (as defined in Rule 13a-15e under the Securities Exchange Act of 1934 the "Exchange Act"), our principal executive officer and principal financial officer have concluded that as of the end of the period covered by this quarterly report on Form 10-Q such disclosure controls and procedures were not effective due to the lack of segregation of duties and lack of a formal review process that includes multiple levels of review to ensure that 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 time periods specified in Securities and Exchange Commission rules and forms because of the identification of a material weakness in our internal control over financial reporting which we view as an integral part of our disclosure controls and procedures. The material weakness relates to the lack of segregation of duties in financial reporting, as our financial reporting and all accounting functions are performed by an external consultant with no oversight by a professional with accounting expertise. Our CEO /CFO do not possess accounting expertise and our company does not have an audit committee. This weakness is due to the company’s lack of working capital to hire additional staff. To remedy this material weakness, we intend to engage another accountant to assist with financial reporting as soon as our finances will allow.  

Changes in Internal Control over Financial Reporting  

Except as noted above, there have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during our first quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.  

9

PART II - OTHER INFORMATION

ITEM 1: LEGAL PROCEEDINGS. 

None 

ITEM 1A: RISK FACTORS 

None 

ITEM 2: SALES OF EQUITY SECURITIES AND USE OF PROCEEDS. 

None 

ITEM 3: DEFAULTS UPON SENIOR SECURITIES. 

None 

ITEM 4: MINE SAFETY INFORMATION 

None 

ITEM 5: OTHER INFORMATION. 

None 

ITEM 6. EXHIBITS

No.	Description
31	Chief Executive Officer Certification
32	Section 1350 Certification

101.INS **	XBRL Instance Document
101.SCH **	XBRL Taxonomy Extension Schema Document
101.CAL **	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF **	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB **	XBRL Taxonomy Extension Label Linkbase Document
101.PRE **	XBRL Taxonomy Extension Presentation Linkbase Document

 ________________

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections. 

10

SIGNATURES

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

	BARREL ENERGY, INC.
Date: August 12, 2015	By:	/s/ Gurm Sangha
		Gurm Sangha
		President Chief Executive Officer
		Principal Financial and Accounting Officer

11

EX-31

 EXHIBIT 31

PURSUANT TO RULE 13a-14 AND 15d-14

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

CERTIFICATION

I, certify that: 

1.	I has reviewed this quarterly report on Form 10-Q of BARREL ENERGY, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements are 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.	The registrant's other certifying officer(s) and I are 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 has:

(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant is made known to us 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 our 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 our 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; and
(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. The registrant’s other certifying officer(s) and I have disclosed, based on our 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 The 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 has a significant role in the registrant’s internal control over financial reporting.

 

 

Date: August 12, 2015	By:	/s/ Gurm Sangha
		Gurm Sangha
		Chief Executive Officer
		Chief Financial Officer

EX-32

EXHIBIT 32

CERTIFICATIONS PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

In connection with the Quarter Report of BARREL ENERGY, Inc. on Form 10-Q for the period ended June 30, 2015 as filed with the Securities and Exchange Commission (the "Report") Gurm Sangha, Chief Executive Officer and Chief Financial Officer of the Company, does hereby certify, pursuant to §906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. §1350), 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 operation of the Company.

 

 

Date: August 12, 2015	By:	/s/ Gurm Sangha
		Gurm Sangha
		Chief Executive Officer
		Chief Financial Officer

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended. 

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RELATED PARTY TRANSACTION

9 Months Ended

Jun. 30, 2015

Notes to Financial Statements

NOTE 4 - RELATED PARTY TRANSACTION

During the nine months period ended June 30, 2015 an officer and director advanced $12,512 to the Company. The advances are on demand and do not bear interest.

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CONVERTIBLE NOTE

9 Months Ended

Jun. 30, 2015

Notes to Financial Statements

NOTE 3 - CONVERTIBLE NOTE

On October 30, 2014, the Company issued a USD $20,173 (CAD $22,454) convertible note for cash. The note bears an interest rate of 9.5% and matures on December 31, 2016. The note, plus accrued interest, is convertible by the holder, in part or whole, until the date of maturity into common stock of the Company at CAD one cent ($0.01) per share.  

The Company analyzed the conversion option for derivative accounting and beneficial conversion features consideration under ASC 815-15 “Derivatives and Hedging” and ASC 470-20 “Convertible Securities with Beneficial Conversion Features” and noted none. 

As of June 30, 2015 the convertible debt outstanding was US $78,864 plus accrued interest of US $6,551 for a total liability of $85,415.

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BALANCE SHEETS - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Current assets:
Cash and cash equivalents	$ 532	$ 1,770
Total current assets	532	1,770
Oil lease - unproved	48,555	53,772
Total assets	49,087	$ 55,542
Current liabilities:
Accounts payable	2,026
Accrued interest	6,551	$ 1,084
Advance from shareholder	12,026
Total current liabilities	20,602	$ 1,084
Convertible notes payable	78,864	67,215
Total liabilities	99,467	68,299
Stockholders" equity (deficit):
Common stock, $0.001 par value, 75,000,000 authorized, 10,000,000 issued and outstanding	8,989	8,989
Accumulated other comprehensive income (loss)	3,443	395
Accumulated deficit	(62,812)	(22,141)
Total stockholders" deficit	(50,380)	(12,757)
Total liabilities and stockholders" equity	$ 49,087	$ 55,542

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NATURE OF BUSINESS

9 Months Ended

Jun. 30, 2015

Notes to Financial Statements

NOTE 1 - NATURE OF BUSINESS

Barrel Energy Inc (Barrel) was incorporated on January 27, 2014 under the laws of the State of Nevada. The Company was formed to invest in producing oil and gas properties. On September 26, 2014 the Company leased a non-producing oil and gas property in the province of Alberta, Canada.

BASIS OF PRESENTATION 

The accompanying unaudited financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information required to be included in a complete set of financial statements in accordance with accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2015. The accompanying unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company’s form S-1 filed with the SEC on June 23, 2015.

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GOING CONCERN

9 Months Ended

Jun. 30, 2015

Notes to Financial Statements

NOTE 2 - GOING CONCERN

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company, as shown in the accompanying consolidated balance sheets, has no assets and an accumulated deficit of $62,812 as of June 30, 2015. The Company has not established any source of revenue to cover its operating costs. These factors raise substantial doubt about the company’s ability to continue as a going concern. The Company will engage in very limited activities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.

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BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2015	Sep. 30, 2014
Stockholders" equity (deficit):
Common Stock, Par value	$ 0.001	$ 0.001
Common Stock, Authorized	75,000,000	75,000,000
Common Stock, Issued	10,000,000	10,000,000
Common Stock, Outstanding	10,000,000	10,000,000

XML

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2015	Aug. 12, 2015
Document And Entity Information
Entity Registrant Name	Barrel Energy Inc.
Entity Central Index Key	0001631463
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		10,000,000
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2015

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STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		5 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Operating expenses:
General and administrative expense	$ 3,221	$ 6,442	$ 34,232	$ 6,450
Loss from operations	(3,221)	$ (6,442)	(34,232)	$ (6,450)
Other income (expense)
Interest expense	$ (1,882)		(5,742)
Currency loss		$ (827)	(697)	$ (828)
Total other income (expense)	$ (1,882)	(827)	(6,439)	(828)
Net loss	(5,103)	$ (7,269)	(40,671)	(7,278)
Foreign currency translation adjustment	197		3,443	196
Comprehensive (loss)	$ (5,300)	$ (7,269)	$ (44,114)	$ (7,474)
Net loss per share, basic and diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted average number of shares outstanding, basic and diluted	10,000,000	10,000,000	10,000,000	10,000,000

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RELATED PARTY TRANSACTION (Details Narrative)	9 Months Ended
	Jun. 30, 2015 USD ($)
Related Party Transaction Details Narrative
Officer and director advanced	$ 12,512

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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	5 Months Ended	9 Months Ended
	Jun. 30, 2014	Jun. 30, 2015
Cash flows from operating activities:
Net loss	$ (7,278)	$ (40,671)
Changes in operating assets and liabilities:
Accounts payable		2,026
Accrued interest	$ 7,278	5,467
Net cash used in operating activities	(7,278)	$ (33,178)
Cash flows from financing activities:
Proceeds from sale of common stock	$ 8,989
Advance- related party		$ 12,512
Proceeds from convertible note payable	$ 70,285	20,173
Net cash provided by (used in) financing activities	79,274	32,685
Effects of currency translation	196	(745)
Net increase (decrease) in cash	$ 72,192	(493)
Cash - beginning of period		1,770
Cash - end of period	$ 72,196	$ 532
SUPPLEMENT DISCLOSURES:
Interest paid
Income taxes paid

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CONVERTIBLE NOTE (Details Narrative)	Jun. 30, 2015 USD ($)
Convertible Note Details Narrative
Convertible debt outstanding	$ 78,864
Accrued interest	6,551
Total liability	$ 85,415