The following discussion should be read in conjunction with our condensed consolidated financial statements and notes to our financial statements included elsewhere in this report. This discussion contains forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors discussed elsewhere in this report.





Overview

Sino American Oil Company (the "Company") is a development stage enterprise that was originally incorporated, on April 2, 2010, under the laws of the State of Nevada. The Company is in the Oil and Gas Exploration, Development and Production Business and has been since inception. The Company had appointed Ronald Hughes as CEO from the company formation to December 16, 2016 and then appointed Richard Tang to be the CEO and sole director on December 16, 2016. On November 11, 2018, the Company filed a re-domestication to have its domestic corporation be administered under the laws of the State of Wyoming. On January 31, 2021, the Company appointed Jeffrey Standen, as CEO and Director to negotiate and oversee the exploration, development, acquisition and development of new oil and natural gas reserves as well as explore new sources of revenue opportunities.

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

Sino American Oil Company is currently negotiating deals within a very large exploration area oil field owners located in the Western Canadian sedimentary basin. The deals involve oil and gas production acquisitions, mineral land acquisitions and further production increases through production optimization and drilling activities as well as production infrastructure installations.

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

Results of Operations for the Three Months Ended December 31, 2021, Compared to the Three Months Ended December 31, 2020

We have not generated any revenue to date.

Consulting expense was $45,000 compared to $24,000 for the three months ended December 31, 2021 and 2020, respectively. During the three months ended December 31, 2021, we had one additional consultant working with the Company.

Consulting expense - related party was $45,000 compared to $15,000 for the three months ended December 31, 2021 and 2020, respectively. We incur consulting expense of $15,000 per month for services provided by Triage.

General and administrative expense ("G&A") was $34,384 compared to $54,854 for the three months ended December 31, 2021 and 2020, respectively. G&A expense increased in the current period due to expenditures related to moving into the oil and gas industry.

Liquidity and Capital Resources

Cash flow from operations

Cash used in operating activities for the three months ended December 31, 2021 was $36,214 as compared to $30,854 of cash used in operating activities for the three months ended December 31, 2020.

Cash Flows from Financing

For the three months ended December 31, 2021, we received $20,000 from related party loans and $21,848 from other loans. In the prior period we received $30,854 from related party loans.

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Going Concern

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

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements.





Critical Accounting Policies

We have identified the policies outlined below as critical to our business operations and an understanding of our results of operations. Refer to Note 2 - Summary of Significant Accounting Policies for discussion.

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