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Blacksands Petroleum, Inc. Symbol:  BSPE Click here for a printable version Business Summary: Blacksands Petroleum, Inc., through its subsidiary, Access Energy Inc., engages in the exploration and development of unconventional oil and gas projects in Canada.   Address   645 7 Ave SW Suite 1250   Calgary , AB T2P4G8   Phone: 403-806-1667   Website: http://www.blacksandspetroleum.com Auditor   Sherb & Co.   New York Transfer Agent   Continental Stock & Transfer Co. ShareHolders:  43 Founded:  2004 Domicile:  Nevada      S & P Disclaimer   Blacksands Petroleum, Inc. Symbol:  BSPE Click here for a printable version Blacksands Petroleum, Inc., through its subsidiary, Access Energy Inc., engages in the exploration and development of unconventional oil and gas projects in Canada. It primarily focuses on the exploration for oil sands deposits in the A10 Project in western Saskatchewan and La Loche Project in northwestern Saskatchewan. The company was formerly known as Lam Liang Corp. and changed its name to Blacksands Petroleum, Inc. in June 2006. Blacksands Petroleum, Inc. was founded in 2004 and is headquartered in Toronto, Canada. History:  INCORPORATED in Nevada Oct. 12, 2004 as Lam Liang Corp. Name changed to Blacksands Petroleum, Inc. June 9, 2006. August 3, 2007 (effective July 31, 2007), acquired 600 newly issued shares of Access Energy Inc. (incorporated in Ontario Aug. 26, 2005), representing 75.0% of the common stock of that company, for Canadian Dollar 3.428 million (U.S. Dollar 3.235 million) and warrants to acquire 1,500,000 shares of the company's common stock.   Subsidiaries: Access Energy Inc.            S & P Disclaimer   Blacksands Petroleum, Inc. Symbol:  BSPE Click here for a printable version Management Officers Position  Mark  Holcombe President & Chief Executive Officer  Richard  Wilson Investor Relations Contact  Richard  Wilson Chief Financial Officer & Chief Accounting Officer  Jennifer  Dawson Secretary & Controller Directors  Mark  Holcombe  Bruno J. Mosiman  Paul A. Parisotto  Richard  Wilson      S & P Disclaimer   Blacksands Petroleum, Inc. Symbol:  BSPE Click here for a printable version   Capitalization as of 10/31/2008:     Authorized Shares Outstanding Shares Common $0.001 par 300,000,000 44,854,700so1 Preferred $0.001 par 10,000,000 None   LONG TERM DEBT: None.   Common $0.001 par   COMMON OFFERED: February 15, 2005, the company offered 1,100,000 common shares at $0.05 per share on a best efforts, all-or-none basis in a self-underwritten offering. UNITS SOLD PRIVATELY: August 9, 2006, the company completed a private placement of 10,854,700 units at $1.00 per unit, for gross proceeds of $10,854,700. Each unit consisted of one common share and one warrant to purchase one additional common share at $3.00 per share for a period of two years beginning Oct. 1, 2006.   Stockholders:  01/28/2009, 43. Transfer Agent:  Continental Stock & Transfer Co.   New York , NY   OTC Bulletin Board( Primary): BSPE   Exchange Year High Low OTC Bulletin Board 2008 2.2500 0.1000 OTC Bulletin Board 2007 5.0000 1.7500 OTC Bulletin Board 2006 2.1000 2.0000   DIVIDENDS: Common $0.001 par: No cash. Common split 30-for-1, June 22, 2006.       so1Incl. treas. shares.    S & P Disclaimer   Blacksands Petroleum, Inc. Symbol:  BSPE Click here for a printable version Annual Report   Income Statement   2008 2007 EXPENSES Management and Directors' Fees (319,929) (154,296) Office & AdministratiOn (136,978) (171,653) Professional Fees (616,882) (616,629) Exploration Expenses (905,691) (1,772,481) Depreciation (3,076) (8,124) Interest Income 141,846 405,691 Currency Translation Gain(Loss) 263,868 (567,111) Funding on Behalf of Minority Stockholder (276,399) (261,656) Loss on Disposal of Fixed Assets (12,588) - Earnings before Taxes (1,865,829) (3,146,259) TAXES AND OTHER EXPENSES Minority Interest (After Tax) 301,739 194,749 Net Income (Loss) (1,564,090) (2,951,510) SUPPLEMENTARY INFO Operating Income (Loss) (1,995,144.00) (2,723,183.00) Basic and diluted Eps-continuing Operations (0.03) (0.07)   Balance Sheet   2008 2007 CURRENT ASSETS Cash and Cash Equivalents 2,610,232 6,548,707 Short-term Investments 835,418 - Accounts Receivables 105,929 - Prepaid Expenses and Deposit 6,554 20,634 Cash Held in Attorney's Trust Account - 44,396 Total Current Assets 3,558,133 6,613,737 NON CURRENT ASSETS Oil and Gas Property Costs 3,685,522 4,626,809 Property and Equipment, net - 25,306 Total Assets 7,243,655 11,265,852 CURRENT LIABILITIES Accounts Payable and Accrued Liabilities 301,710 589,855 Accounts Payable to Related Parties 72,520 275,022 Total Current Liabilities 374,230 864,877 NON CURRENT LIABILITIES Minority Interest 485,003 503,364 SHAREHOLDERS' EQUITY Common Stock-par Value 74,855 74,855 Additional Paid in Capital 11,861,465 11,853,355 Treasury Stock-common (50,000) (50,000) Deficit Accumulated during the Exploration Stages (4,838,178) (3,274,088) Accumulated Comprehensive (Loss) Income (663,720) 1,293,489 Total Shareholders Equity 6,384,422 9,897,611 Total Liabilities & Shareholders Equity 7,243,655 11,265,852      S & P Disclaimer   Blacksands Petroleum, Inc. Symbol:  BSPE Click here for a printable version Interim Report      Data Not Available            S & P Disclaimer   Blacksands Petroleum, Inc. Symbol:  BSPE Click here for a printable version Pro Forma Report      Data Not Available            S & P Disclaimer   Blacksands Petroleum, Inc. Symbol:  BSPE Click here for a printable version Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   1 Nil   2008   1 Nil   2008   2 Nil   2008   3 Nil   2008   4 Nil   2008   Full Year Nil   2007   3 Nil   2007   Full Year Nil   2006   Full Year Nil     Quarterly Net Income, US$ Year Quarter Revenue   2009   1 Nil   2009   2 Nil   2008   1 Nil   2008   2 Nil   2008   3 Nil   2008   4 Nil   2008   Full Year (1,560,000)   2007   3 (160,000)   2007   Full Year (1,720,000)   2006   Full Year (310,000)   2005   Full Year (10,000)     Quarterly EPS, US$ Year Quarter Revenue   2009   1 (.01)   2009   2 (.08)   2008   1 (.01)   2008   2 Nil   2008   3 Nil   2008   4 (.02)   2008   Full Year (.03)   2007   1 Nil   2007   2 (.02)   2007   3 Nil   2007   4 (.01)   2007   Full Year (.07)   2006   1 Nil   2006   2 Nil   2006   3 Nil   2006   4 Nil   2006   Full Year Nil   2005   1 Nil   2005   2 Nil   2005   3 Nil   2005   4 Nil   2005   Full Year Nil      S & P Disclaimer