UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended ~~September~~June 30, ~~2013~~2014

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

For the transition period from

Commission File No.

000-16974

TEXSTAR OIL CORPORATION

(Exact name of registrant as specified in its charter)

Nevada		59-2158586
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

3500 Maple Avenue, Suite 1325, Dallas, Texas	75219
2301 Cedar Springs, Suite 450, Dallas, Texas	75201
(Address of principal executive offices)	(Zip Code)

(214) 855-0808

(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. Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, 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” 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 x No ¨

The number of shares outstanding of the Registrant’s Common Stock as of ~~October~~August 211, ~~2013~~2014 was 27,634,112.

TABLE OF CONTENTS

		Page
PART I –FINANCIAL INFORMATION		1
ITEM 1.	FINANCIAL STATEMENTS	1
	Balance Sheets as of September 30, 2013 (Unaudited) and December 31, 2012 (Audited)	1
	Condensed Balance Sheets as of June 30, 2014 (Unaudited) and December 31, 2013 (Audited)	1
	Statements of Operations for the Three and Nine Months Ended September 30, 2013 and 2012 and for the Period from Re-entry into Development Stage (June 23, 2011) through September 30, 2013 (Unaudited)	2
	Condensed Statements of Operations for the Three and Six Months Ended June 30, 2014 and 2013 (Unaudited)	2
	Statements of Stockholders’ Deficit for the Period from Re-entry into Development Stage (June 23, 2011) through September 30, 2013	3
	Condensed Statements of Cash Flows for the Six Months Ended June 30, 2014 and 2013 (Unaudited)	3
	Statements of Cash Flows for the Nine Months Ended September 30, 2013 and 2012 and for the Period from Re-entry into Development Stage (June 23, 2011) through September 30, 2013 (Unaudited)	4
	Condensed Notes to Financial Statements	4
	Condensed Notes to Financial Statements	5
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	6
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	7
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	7
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	9
ITEM 4.	CONTROLS AND PROCEDURES	8
ITEM 4.	CONTROLS AND PROCEDURES	9
PART II – OTHER INFORMATION		9
PART II – OTHER INFORMATION		10
ITEM 1.	LEGAL PROCEEDINGS	9
ITEM 1.	LEGAL PROCEEDINGS	10
ITEM 1A.	RISK FACTORS	9
ITEM 1A.	RISK FACTORS	10
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	9
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	10
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	9
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	10
ITEM 4.	MINE SAFETY DISCLOSURES	9
ITEM 4.	MINE SAFETY DISCLOSURES	10
ITEM 5.	OTHER INFORMATION	9
ITEM 5.	OTHER INFORMATION	10
ITEM 6.	EXHIBITS	9
ITEM 6.	EXHIBITS	10
SIGNATURES		10
SIGNATURES		11

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

TEXSTAR OIL CORPORATION
(A DEVELOPMENT STAGE COMPANY)
CONDENSED BALANCE SHEETS
BALANCE SHEETS
		June 30, 2014				December 31,
			September 30,
		(unaudited)				2013
			2013				December 31,
ASSETS
			(unaudited)				2012
Current Assets:
	ASSETS
Cash		$	126			$	131
Current Assets:
Total current assets		$	126			$	131
	Cash		$	200			$	-
LIABILITIES AND STOCKHOLDERS' DEFICIT
	Total current assets		$	200			$	-
Current Liabilities:
	LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts payable		$	40,028			$	20,893
Current Liabilities:
Amount due to related parties			346,731				331,929
	Accounts payable		$	39,407			$	77,734
Accrued expenses			85,000				-
	Amount due to related parties			290,043				85,976
Total current liabilities			471,759				352,822
	Total current liabilities			329,450				163,710
Commitments and Contingencies
Commitments and Contingencies
Stockholders' Deficit:
Stockholders' Deficit:
Preferred stock - par value $0.001; 50,000,000 shares authorized;
	Preferred stock - par value $0.001; 50,000,000 shares authorized;
5,004,609 shares of Series A issued and outstanding			5,005				5,005
	5,004,609 shares of Series A issued and outstanding			5,005				5,005
Common stock - par value $0.001; 500,000,000 shares authorized;
	Common stock - par value $0.001; 500,000,000 shares authorized;
27,634,112 shares issued and outstanding			27,634				27,634
	27,634,112 shares issued and outstanding			27,634				27,634
Additional paid in capital			2,188,671				2,188,671
	Additional paid in capital			2,188,671				2,188,671
Accumulated deficit			(2,692,943	)			(2,574,001	)
	Prepaid stock based consulting			(51,369	)			(1,453,766	)
Total stockholders' deficit			(471,633	)			(352,691	)
	Accumulated deficit prior to re-entry into development stage			(312,409	)			(312,409	)
Total liabilities and stockholders' deficit		$	126			$	131
	Deficit accumulated during development stage			(2,186,782	)			(618,845	)
	Total stockholders' deficit			(329,250	)			(163,710	)
	Total liabilities and stockholders' deficit		$	200			$	-

The accompanying condensed footnotes are an ~~intergral~~integral part of these financial statements.

TEXSTAR OIL CORPORATION
(A DEVELOPMENT STAGE COMPANY)
CONDENSED STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2014 AND 2013
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2013 AND 2012 AND
(Unaudited)
FOR THE PERIOD FROM RE-ENTRY INTO DEVELOPMENT STAGE (JUNE 23, 2011) THROUGH SEPTEMBER 30, 2013
	Three Months Ended						Six Months Ended
(Unaudited)
	June 30, 2014			June 30, 2013			June 30, 2014			June 30, 2013
													Cumulative from
Revenue	$	-		$	-		$	-		$	-
													Re-entry into
Operating expenses:
													Development Stage
Selling, general and administration		98,638			547,917			118,942			1,066,582
	Three Months Ended						Nine Months Ended						through
Total operating expenses		98,638			547,917			118,942			1,066,582
	September 30, 2013			September 30, 2012			September 30, 2013			September 30, 2012			September 30, 2013
Loss before taxes		(98,638	)		(547,917	)		(118,942	)		(1,066,582	)
Revenue	$	-		$	-		$	-		$	-		$	-
Provision for income taxes		-			-			-			-
Operating expenses:
Net loss	$	(98,638	)	$	(547,917	)	$	(118,942	)	$	(1,066,582	)
Selling, general and administration		501,355			21,151			1,567,937			68,372			2,186,782
Loss per share, basic and diluted	$	(0.00	)	$	(0.02	)	$	(0.00	)	$	(0.04	)
Total operating expenses		501,355			21,151			1,567,937			68,372			2,186,782
Weighted average number of shares outstanding		27,634,112			27,634,112			27,634,112			27,634,112
Loss before taxes		(501,355	)		(21,151	)		(1,567,937	)		(68,372	)		(2,186,782	)
Provision for income taxes		-			-			-			-			-
Net loss	$	(501,355	)	$	(21,151	)	$	(1,567,937	)	$	(68,372	)	$	(2,186,782	)
Loss per share, basic and diluted	$	(0.02	)	$	(0.16	)	$	(0.06	)	$	(0.51	)
Weighted average number of shares outstanding		27,634,112			133,612			27,634,112			133,612

The accompanying condensed footnotes are an ~~intergral~~integral part of these financial statements.

TEXSTAR OIL CORPORATION
(A DEVELOPMENT STAGE COMPANY)
CONDENSED STATEMENTS OF CASH FLOWS
STATEMENTS OF STOCKHOLDERS' DEFICIT
FOR THE SIX MONTHS ENDED JUNE 30, 2014 AND 2013
FOR THE PERIOD FROM RE-ENTRY INTO DEVELOPMENT STAGE (JUNE 23, 2011) THROUGH SEPTEMBER 30, 2013
(Unaudited)
																		Accumulated
	Six Months Ended
																		Deficit prior to			Accumulated
	June 30, 2014			June 30, 2013
															Prepaid			Re-entry into			Deficit during
CASH FLOWS FROM OPERATING ACTIVITIES
	Preferred Stock						Common Stock						Additional Paid		Stock Based			Development			Development
Net loss	$	(118,942	)	$	(1,066,582	)
	Shares			Amount			Shares			Amount			in Capital		Consulting			Stage			Stage			Total
Adjustments to reconcile net loss to net cash flows
Balance, June 23, 2011		-			-			50,000,000			50,000			261,701		-			(312,409	)		-			(708	)
provided by (used in) operating activities:
Effect of reverse stock split		-			-			(49,865,888	)		(49,866	)		49,866		-			-			-			-
Amortization of prepaid stock based consulting		-			929,795
Net loss during development stage		-			-			-			-			-		-			-			(44,993	)		(44,993	)
Change in operating assets and liabilities:
Balance, December 31, 2011		-			-			134,112			134			311,567		-			(312,409	)		(44,993	)		(45,701	)
Prepaid expense		-			-
Shares issued for debt		4,609			5			-			-			4,604		-			-			-			4,609
Accounts payable		19,135			(9,098	)
Issuance of shares pursuant to stock
Accrued expenses		85,000			-
purchase agreement		5,000,000			5,000			25,000,000			25,000			-		-			-			-			30,000
Amount due to related parties		14,802			145,959
Shares issued for services		-			-			2,500,000			2,500			1,872,500		(1,453,766	)		-						421,234
Net cash flows provided by (used in) operating activities		(5	)		74
Net loss		-			-			-			-			-		-			-			(573,852	)		(573,852	)
CASH FLOWS FROM INVESTING ACTIVITIES		-			-
Balance, December 31, 2012		5,004,609			5,005			27,634,112			27,634			2,188,671		(1,453,766	)		(312,409	)		(618,845	)		(163,710	)
CASH FLOWS FROM FINANCING ACTIVITIES
Amortization of prepaid stock
Proceeds from sale of preferred stock		-			-
based consulting		-			-			-			-			-		1,402,397			-			-			1,402,397
Net cash flows provided by financing activities		-			-
Net loss		-			-			-			-			-		-			-			(1,567,937	)		(1,567,937	)
Increase (decrease) in cash		(5	)		74
Balance, September 30, 2013		5,004,609		$	5,005			27,634,112		$	27,634		$	2,188,671	$	(51,369	)	$	(312,409	)	$	(2,186,782	)	$	(329,250	)
Cash, beginning of period		131			-
Cash, end of period	$	126		$	74
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Issuance of preferred stock in exchange for related party debt	$	-		$	-
Issuance of common stock for services	$	-		$	-

The accompanying condensed footnotes are an ~~intergral~~integral part of these financial statements.

TEXSTAR OIL CORPORATION
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2013 AND 2012 AND
FOR THE PERIOD FROM RE-ENTRY INTO DEVELOPMENT STAGE (JUNE 23, 2011)
THROUGH SEPTEMBER 30, 2013
(Unaudited)
							Cumulative from
							Re-entry into
							Development Stage
	Nine Months Ended						through
	September 30, 2013			September 30, 2012			September 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(1,567,937	)	$	(68,372	)	$	(2,186,782	)
Adjustments to reconcile net loss to net cash flows
provided by (used in) operating activities:
Amortization of prepaid stock based consulting		1,402,397			-			1,823,631
Change in operating assets and liabilities:
Prepaid expense		-			1,925			-
Accounts payable		(38,327	)		25,838			38,699
Amount due to related parties		204,067			40,609			299,652
Net cash flows provided by (used in) operating activities		200			-			(24,800	)
CASH FLOWS FROM INVESTING ACTIVITIES		-			-			-
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of preferred stock		-			-			25,000
								-
Net cash flows provided by financing activities		-			-			25,000
Increase in cash		200			-			200
Cash, beginning of period		-			-			-
Cash, end of period	$	200		$	-		$	200
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid	$	-		$	-		$	-
Income taxes paid	$	-		$	-		$	-
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Issuance of preferred stock in exchange for related party debt	$	-		$	4,609		$	9,609
Issuance of common stock for services	$	-		$	-		$	1,875,000

The accompanying condensed footnotes are an intergral part of these financial statements.

TEXSTAR OIL CORPORATION

(A DEVELOPMENT STAGE COMPANY)

CONDENSED NOTES TO FINANCIAL STATEMENTS

NOTE 1 – BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Interim Financial Reporting

While the information presented in the accompanying interim financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with generally accepted accounting principles in the United States of America ("GAAP"). These interim financial statements follow the same accounting policies and methods of application as used in the December 31, ~~2012~~2013 audited financial statements of TexStar Oil Corporation (the “Company”). All adjustments are of a normal, recurring nature. Interim financial statements and the notes thereto do not contain all of the disclosures normally found in year-end audited financial statements and these Condensed Notes to Financial Statements are abbreviated and contain only certain disclosures related to the ~~nine~~six month ~~and three month~~ periods ended ~~September~~June 30, ~~2013~~2014 and ~~2012~~2013. It is suggested that these interim financial statements be read in conjunction with the Company’s audited financial statements and related notes for the year ended December 31, ~~2012~~2013 included in our Form 10-K, filed with the Securities Exchange Commission on ~~May~~April 1615, ~~2013~~2014. Operating results for the ~~three~~six ~~and nine~~ months ended ~~September~~June 30, ~~2013~~2014 are not necessarily indicative of the results that can be expected for the year ending December 31, ~~2013~~2014.

Development Stage Activities

The Company is presently in the development stage with no significant revenues from operations. Accordingly, all of the Company’s operating results and cash flows reported in the accompanying financial statements are considered to be those related to development stage activities and represent the cumulative from inception amounts from its development stage activities reported pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 915-10-05, Development Stage Entities.

Recent Accounting Pronouncements

In June 2014, the FASB issued ASU No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation. The amendments in this update remove the definition of a development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage that in prior years it had been in the development stage.

The amendments also clarify that the guidance in Topic 275, Risks and Uncertainties, is applicable to entities that have not commenced planned principal operations. Finally, the amendments remove paragraph 810-10-15-16. Paragraph 810-10-15-16 states that a development stage entity does not meet the condition in paragraph 810-10-15-14(a) to be a variable interest entity if (1) the entity can demonstrate that the equity invested in the legal entity is sufficient to permit it to finance the activities that it is currently engaged in and (2) the entity’s governing documents and contractual arrangements allow additional equity investments. The amendments in the update also eliminate an exception provided to development stage entities in Topic 810, Consolidation, for determining whether an entity is a variable interest entity on the basis of the amount of investment equity that is at risk. The amendments to eliminate that exception simplify GAAP by reducing avoidable complexity in existing accounting literature and improve the relevance of information provided to financial statement users by requiring the application of the same consolidation guidance by all reporting entities. The elimination of the exception may change the consolidation analysis, consolidation decision, and disclosure requirements for a reporting entity that has an interest in an entity in the development stage. The amendments related to the elimination of inception-to-date information and the other remaining disclosure requirements of Topic 915 should be applied retrospectively except for the clarification to Topic 275, which shall be applied prospectively. For public business entities, those amendments are effective for annual reporting periods beginning after December 15, 2014, and interim periods therein. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915.

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its results of operations, financial position or cash flow.

~~Reclassifications~~4

Certain 2012 amounts have been reclassified to conform to current year presentation.

NOTE 2 -- GOING CONCERN

The financial statements of the Company have been prepared in conformity with GAAP, and assume that the Company will continue as a going concern. The Company expects to incur losses as it expands. To date, the Company's cash flow requirements have been met through the sale of its common stock and cash advances from related parties. There is no assurance that additional funds will be available for the Company to finance its operations should the Company be unable to realize profitable operations. These conditions, among others, give rise to substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation.

TEXSTAR OIL CORPORATION

(A DEVELOPMENT STAGE COMPANY)

CONDENSED NOTES TO FINANCIAL STATEMENTS

NOTE 3 – RELATED PARTIES

During the ~~nine~~six months ended ~~September~~June 30, ~~2013~~2014, ~~Bon Amour International, LLC (“BAI”), a Texas limited liability company for which~~ Nathan Halsey, the Company’s President, Chief Executive Officer and Chief Financial Officer, ~~serves~~through ~~as a principal, provided services to the Company, including office space (see below) and personnel, valued at $22,001. BAI also made~~ cash advances and direct payments to certain vendors on the Company’s behalf ~~totaling $107~~,~~855. During~~ ~~the~~advanced ~~period from June 2011 through December 31, 2012, BAI also made direct payments to certain vendors on~~ the Company’s ~~behalf totaling~~ $33311,~~170~~130. As of ~~September~~June 30, ~~2013~~2014, the Company owed ~~BAI~~Mr. Halsey $~~163~~311,~~026~~130.

During the ~~nine~~six months ended ~~September~~June 30, ~~2013~~2014, Mr. Halsey and TexStar Oil Co., Ltd. (“TexStar Ltd.”), a corporation owned and controlled by Mr. Halsey, ~~through cash advances and direct payments to certain vendors on the Company’s behalf,~~ advanced the Company $535,~~146. During November and December 2012, TexStar Ltd. also made cash advances on the Company’s behalf totaling $20,~~000. As of ~~September~~June 30, ~~2013~~2014, the Company owed TexStar Ltd. $7335,~~146~~000.

During the ~~period~~six ~~from~~months ~~February~~ended ~~2012~~June ~~through December 31~~30, ~~2012~~2014, Mr. Halsey and Bonamour Asia, LLC (“Bonamour Asia”), a limited liability company owned and controlled by Mr. Halsey, made direct payments to certain vendors on the Company’s behalf totaling $~~41,192~~601. As of ~~September~~June 30, ~~2013~~2014, the Company owed Bonamour Asia, LLC $~~41,192~~601.

~~During~~As ~~the~~of ~~nine~~December ~~months ended September 30~~31, 2013, ~~Mr.~~the ~~Halsey,~~Company ~~through~~owed ~~cash~~Bon ~~advances~~Amour ~~and~~International, ~~direct~~LLC ~~payments~~(“BAI”), toa ~~certain~~Texas ~~vendors~~limited onliability ~~the~~company ~~Company’s~~for ~~behalf,~~which ~~advanced~~Mr. ~~the~~Halsey ~~Company~~serves $8as a principal,~~039~~ $301.929. ~~Between~~During ~~June~~the ~~and~~six ~~December~~months ~~2012,~~ended ~~Mr.~~June ~~Halsey~~30, ~~also~~2014, ~~made~~the ~~direct~~Company ~~payments~~repaid toBAI ~~certain~~the ~~vendors~~full onamount ~~the~~of ~~Company’s~~this ~~behalf~~debt ~~totaling~~and ~~$4,640. As~~as of ~~September~~June 30, ~~2013,~~2014 ~~the~~has ~~Company~~incurred ~~owed~~no ~~Mr.~~further ~~Halsey~~debt ~~$12,679~~with BAI.

~~BAI~~The ~~provides office space for the~~ Company~~. The~~’s ~~fair~~current ~~value of this~~ office space ~~was estimated to be $1,000 per month, and this amount~~ is ~~recorded~~provided asby ~~occupancy costs reflected in the selling, general and administration expenses noted in the accompanying financial statements and included in the amount due BAI, as detailed above~~Mr. ~~Management~~ ~~considers~~Halsey ~~the~~at ~~Company’s~~no ~~current office space arrangement adequate~~charge.

NOTE 4 – INCOME TAXES

Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company does not expect to pay any significant federal or state income tax for ~~2013~~2014 as a result of the losses recorded during the ~~nine~~six months ended ~~September~~June 30, ~~2013~~2014 and net operating loss carry forwards from prior years. Accounting standards require the consideration of a valuation allowance for deferred tax assets if it is "more likely than not" that some component or all of the benefits of deferred tax assets will not be realized. As of ~~September~~June 30, ~~2013~~2014, the Company maintains a full valuation allowance for all deferred tax assets. Based on these requirements, no provision or benefit for income taxes has been recorded. There were no recorded unrecognized tax benefits at the end of the reporting period.

6NOTE 5 – LEGAL PROCEEDINGS

In June 2014, a settlement was reached on the lawsuit filed on October 31, 2012 in the 162nd Judicial District Court, Dallas County, Texas, Cause No. DC-12-12868, styled Pam J. Halter, Individually and Derivatively on Behalf of Nominal Defendant, Bonamour Pacific, Inc. v. Nathan Halsey and Bonamour Pacific, Inc. (the “Halter Lawsuit”) (Bonamour Pacific, Inc. is the former name of the Company). Under the terms of the Confidential Settlement Agreement and Mutual Release executed by the parties, Pam J. Halter agreed to dismiss with prejudice all claims in the Halter Lawsuit in exchange for $85,000.

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

We urge you to read the following discussion in conjunction with management’s discussion and analysis contained in our Annual Report on Form 10-K for the year ended December 31, ~~2012~~2013, as well as with our condensed financial statements and the notes thereto included elsewhere herein.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Our prospects are subject to uncertainties and risks. In this Quarterly Report on Form 10-Q, we make forward-looking statements in this Item 2 and elsewhere that also involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business, and reflect our beliefs and assumptions based upon information available to us at the date of this report. In some cases, you can identify these statements by words such as “if,” “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” and other similar terms. These forward-looking statements include, among other things, plans for proposed operations, descriptions of our strategies, our development plans, and other objectives, expectations and intentions, the trends we anticipate in our business and the markets in which we operate, and the competitive nature and anticipated growth of those markets.

We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors including, but not limited to, the risks and uncertainties discussed in our other filings with the Securities Exchange Commission (“SEC”). We undertake no obligation to revise or update any forward-looking statement for any reason.

Overview

InWe ~~October~~are ~~2012,~~currently a shell company as defined in Rule 405 promulgated under the ~~Company~~Securities ~~changed~~Act ~~its~~of ~~business~~1933, ~~operations~~as toamended ~~focus~~(the ~~upon~~“Securities ~~oil~~Act”) and ~~gas~~Rule ~~exploration~~12b-2 ~~and/or~~promulgated ~~production~~under ~~projects,~~the ~~and~~Securities onExchange ~~December~~Act 3of 1934, ~~2012~~as amended (the “Exchange Act”), ~~changed~~with ~~its~~limited ~~name~~current tooperations ~~TexStar~~and ~~Oil~~nominal ~~Corporation~~assets. ~~Though~~However, in October 2012, management ~~has~~began ~~evaluated~~making ~~certain~~arrangements ~~projects,~~for the Company ~~has~~to ~~not~~seek ~~yet~~financing ~~engaged~~and engage in ~~any~~the business of oil and gas exploration orand production ~~activities as of the date of this report~~.

Our principal office is located at ~~3500~~2301 ~~Maple~~Cedar ~~Avenue~~Springs, Suite ~~1325~~450, Dallas, Texas ~~75219~~75201 and our telephone number is (214) 855-0808. Our Common Stock is quoted on the OTC Market Groups, Inc. OTCQB under the symbol "TEXS." We domaintain ~~not currently have~~ a corporate website at http://www.texstaroil.com.

Basis of Presentation of Financial Information

The accompanying financial statements have been prepared in conformity with GAAP, which contemplate continuation of the Company as a going concern, which is dependent upon the Company's ability to obtain sufficient financing or establish itself as a profitable business. At ~~September~~June 30, ~~2013~~2014, the Company had an accumulated deficit ~~since re-entry into the development stage~~ of $2,~~186~~692,~~782~~943 and for the ~~nine~~six months ended ~~September~~June 30, ~~2013~~2014, the Company incurred losses of $1118,~~567,937~~942. Management expects that the Company will need to raise additional capital through sales of equity or debt securities to sustain operations until such time as the Company can achieve profitability. However, there can be no assurance that management will be successful in obtaining additional funding or in attaining profitable operations. The financial statements do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation.

Critical Accounting Policies

There have been no changes from the Critical Accounting Policies described in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on ~~May~~April 1615, ~~2013~~2014.

Liquidity and Capital Resources

We ~~are a development stage company and~~ have not achieved any revenues as a result of our current business operations. Since our inception, we have not attained a level of operations that allows us to meet our current overhead. We do not contemplate attaining profitable operations until we obtain financing and execute plans to acquire interests in oil and gas exploration and/or production projects. Nevertheless, there can be no assurance that management will be able to successfully implement such plans, and if executed, there can be no assurance that operating levels sufficient to sustain profitability can ever be achieved. We expect to be dependent upon obtaining additional financing in order to adequately fund working capital, infrastructure and expenses in order to execute plans for future operations, so that we can achieve a level of revenue adequate to support our cost structure, none of which can be assured. These factors raise substantial doubt about our ability to continue as a going concern and the accompanying financial statements do not include any adjustments related to the recoverability or classification of asset carrying amounts or the amounts and classification of liabilities that may result should we be unable to continue as a going concern.

As of ~~September~~June 30, ~~2013~~2014, the Company’s cash balance was $~~200~~126 and we had liabilities totaling $~~329~~471,~~450~~759, which include $~~290~~346,~~043~~731 of related party debt. At ~~September~~June 30, ~~2013~~2014 the Company’s working capital deficit was $~~329~~471,~~250~~633.

Since the change in control of the Company that occurred in 2011, BAI, Mr. Halsey, Bonamour Asia, and TexStar Ltd. have advanced funds to and on behalf of the Company to satisfy current legal, accounting and administrative obligations and have made available certain office space and personnel for the Company’s use.

During the nine months ended September 30, 2013, BAI provided services to the Company, including office space and personnel, valued at $22,001. BAI also made cash advances and direct payments to certain vendors on the Company’s behalf totaling $107,855. During the period from June 2011 through December 31, 2012, BAI also made direct payments to certain vendors on the Company’s behalf totaling $33,170. As of September 30, 2013, the Company owed BAI $163,026. During the nine months ended September 30, 2013, Mr. Halsey, through cash advances and direct payments to certain vendors on the Company’s behalf, advanced the Company $8,039. Between June and December 2012, Mr. Halsey also made direct payments to certain vendors on the Company’s behalf totaling $4,640. As of September 30, 2013, the Company owed Mr. Halsey $12,679. During the period from February 2012 through December 31, 2012, Bonamour Asia, made direct payments to certain vendors on the Company’s behalf totaling $41,192. As of September 30, 2013, the Company owed Bonamour Asia $41,192. During the nine months ended September 30, 2013, TexStar Ltd., through cash advances and direct payments to certain vendors on the Company’s behalf, advanced the Company $53,146. During November and December 2012, TexStar Ltd. also made cash advances the Company’s behalf totaling $20,000. As of September 30, 2013, the Company owed TexStar Ltd. $73,146.

The Company will need to raise additional capital to commence and sustain operations until such time as the Company can fully implement its plan of future operation and achieve profitability. The terms of financing that may be raised may not be on terms acceptable by the Company. If adequate funds cannot be raised outside of the Company, the Company’s current stockholders may need to contribute additional funds to sustain operations.

Results of Operations

Comparison of Three Months Ended ~~September~~June 30, ~~2013~~2014 and ~~2012~~2013

For the three months ended ~~September~~June 30, ~~2013~~2014 and ~~2012~~2013, the Company had no revenue.

For the three months ended ~~September~~June 30, ~~2013~~2014, the Company had operating expenses totaling $~~501~~98,~~355~~638 compared to $21547,~~151~~917 for the same period in ~~2012~~2013, ana ~~increase~~decrease of $~~480~~449,~~204~~279. This change is ~~primarily~~ a result of ana ~~increase~~decrease in consulting expenses of ~~approximately~~$495,703, $~~473~~470,~~000.~~703 Inof ~~addition,~~which ~~audit~~resulted ~~fees~~from ~~increased~~the byfull ~~$1,000,~~amortization ~~legal~~of ~~fees~~prepaid ~~increased~~consulting byexpense ~~approximately~~as of December 31, 2013 and $825,000 ~~and~~of ~~other~~which ~~general~~was attributable to marketing consultant expenses. Accounting and ~~administrative~~legal expenses decreased by ~~approximately~~$25,410, wages decreased by $25,~~000~~688 inand ~~the~~office ~~three~~expense ~~months~~and ~~ended~~other ~~September~~operating 30costs decreased by $7,478. These ~~2013~~decreases aswere ~~compared~~partially tooffset ~~the~~by ~~same~~an ~~period~~increase in ~~2012~~legal settlement expense of $85,000.

Comparison of ~~Nine~~Six Months Ended ~~September~~June 30, ~~2013~~2014 and ~~2012~~2013

For the ~~nine~~six months ended ~~September~~June 30, ~~2013~~2014 and ~~2012~~2013, the Company had no revenue.

For the ~~nine~~six months ended ~~September~~June 30, ~~2013~~2014, the Company had operating expenses totaling $1118,~~567,937~~942 compared to $681,~~372~~066,582 for the same period in ~~2012~~2013, ana ~~increase~~decrease of $1947,~~499,565~~640. This change is ~~primarily~~ a result of ana ~~increase~~decrease in consulting expenses of approximately $1988,~~460~~032,~~000.~~ ~~In addition~~$933,032 ~~audit~~of ~~fees~~which ~~increased~~resulted byfrom ~~approximately~~the ~~$4,000,~~full ~~legal~~amortization ~~fees~~of ~~increased~~prepaid byconsulting expense as of December 31, 2013 and $1455,000 ~~and~~of ~~other~~which ~~general~~was attributable to marketing consultant expenses. Accounting and ~~administrative~~legal expenses ~~increased~~decreased by $2223,~~000~~393, inwages ~~the~~decreased ~~nine~~by ~~months~~$11,376 ~~ended~~and ~~September~~office 30expense and other operating costs decreased by $9,839. These ~~2013~~decreases aswere ~~compared~~partially tooffset ~~the~~by ~~same~~an ~~period~~increase in ~~2012~~legal settlement expense of $85,000.

Off Balance Sheet Arrangements

We do not have any off balance sheet arrangements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Our Company is a “smaller reporting company” as defined by Rule 12b-2 of the Exchange Act, and as such, is not required to provide the information required under this Item.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Nathan Halsey, our principal executive officer and principal financial officer, conducted an evaluation of the effectiveness of the design and operation of the Company's disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) promulgated under the Exchange Act) as of ~~September~~June 30, ~~2013~~2014, pursuant to Exchange Act Rule 13a-15. Such disclosure controls and procedures are designed to ensure that information required to be disclosed by the Company is accumulated and communicated to the appropriate management on a basis that permits timely decisions regarding disclosure. Based upon that evaluation, the Company’s principal executive officer and principal financial officer concluded that the Company's disclosure controls and procedures as of ~~September~~June 30, ~~2013~~2014 were not effective to provide reasonable assurance that information required to be disclosed in the Company’s periodic filings under the Exchange Act is accumulated and communicated to our management to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal controls over financial reporting during the quarter ended ~~September~~June 30, ~~2013~~2014 that have materially affected or are reasonably likely to materially affect our internal controls over financial reporting.

Limitations on the Effectiveness of Controls

Our disclosure controls and procedures provide our principal executive officer and principal financial officer with reasonable assurances that our disclosure controls and procedures will achieve their objectives. However, our management does not expect that our disclosure controls and procedures or our internal control over financial reporting can or will prevent all human error. A control system, no matter how well designed and implemented, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Furthermore, the design of a control system must reflect the fact that there are internal resource constraints, and the benefit of controls must be weighed relative to their corresponding costs. Because of the limitations in all control systems, no evaluation of controls can provide complete assurance that all control issues and instances of error, if any, within our company are detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur due to human error or mistake. Additionally, controls, no matter how well designed, could be circumvented by the individual acts of specific persons within the organization. The design of any system of controls is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated objectives under all potential future conditions.

Management is aware that there is a lack of segregation of duties at the Company due to the fact that the Company only has one executive officer/director dealing with general administrative and financial matters. This may constitute a significant deficiency in the internal controls. Management has decided that considering the officer/director involved, the control procedures in place, and the outsourcing of certain financial functions, the risks associated with such lack of segregation were low and the potential benefits of adding additional employees to clearly segregate duties did not justify the expenses associated with such increases. Management periodically reevaluates this situation periodically. In light of the Company’s current cash flow situation, the Company does not intend to increase staffing to mitigate the current lack of segregation of duties within the general administrative and financial functions.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

OnIn ~~December 12~~June 2014, ~~2012,~~a ~~Mullin~~settlement ~~Hoard~~was &reached ~~Brown,~~on ~~LLP (“MHB”)~~the ~~filed a~~ lawsuit ~~styled~~filed ~~Mullin~~on ~~Hoard~~October ~~& Brown~~31, ~~LLP v. Reunion Sports Group~~2012, ~~LLC,~~in ~~John Bryant, Janet Bryant, Byron Pierce, and Millenia, Inc.; In~~ the ~~251st~~162nd Judicial District Court, ofDallas ~~Potter~~ County, Texas;, Cause No. ~~101083C~~DC-12-12868, ~~asserting~~styled ~~claims~~Pam ~~for breach of contract~~J. ~~MHB~~ isHalter, aIndividually ~~law~~and ~~firm~~Derivatively ~~that~~on ~~was~~Behalf ~~engaged~~of toNominal ~~provide~~Defendant, ~~legal~~Bonamour ~~services to Reunion Sports Group~~Pacific, ~~LLC~~Inc. ~~MHB~~v. ~~alleges~~Nathan ~~that~~Halsey ~~Millennia~~and Bonamour Pacific, Inc. (the ~~Company~~“Halter Lawsuit”) ~~and~~(Bonamour ~~the~~Pacific, ~~other~~Inc. ~~defendants~~is ~~executed~~the anformer ~~amended~~name ~~payment~~of ~~and~~the ~~guaranty~~Company). ~~agreement~~Under ~~pursuant~~the toterms ~~which~~of ~~they~~the ~~agreed~~Confidential toSettlement ~~remain~~Agreement ~~liable for the fees~~ and ~~expenses~~Mutual ~~owed~~Release atexecuted ~~that time~~ by ~~Reunion and those incurred in~~ the ~~future. MHB claims it is owed $133~~parties,~~528.95~~ inPam ~~unpaid legal fees~~J. On ~~July~~Haler ~~23,~~agreed ~~2013,~~to ~~MHB~~dismiss ~~took~~with aprejudice ~~nonsuit~~all asclaims toin the ~~Company~~Halter ~~without~~Lawsuit ~~prejudice~~in toexchange ~~its~~for ~~claims against the remaining defendants~~$85,000.

There are no other material pending legal or governmental proceedings relating to our Company or properties to which we are a party, and to our knowledge, there are no other material proceedings in which any of our directors, executive officers, affiliates or shareholders are a party adverse to us or have a material interest adverse to us.

ITEM 1A. RISK FACTORS

Our Company is a “smaller reporting company” as defined by Rule 12b-2 of the Exchange Act, and as such, is not required to provide the information required under this Item.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEEDS

There are no unreported sales of unregistered securities during the quarter ended ~~September~~June 30, ~~2013~~2014.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

The following exhibits are filed with this Quarterly Report on Form 10-Q or are incorporated by reference as described below.

Exhibit	Description
31.1	Certification of Principal Executive Officer ~~and Principal Financial Officer~~ pursuant to Rule 13a-14a/Rule 14d-14(a)*
31.2	Certification of Principal Financial Officer pursuant to Rule 13a-14a/Rule 14d-14(a)*
32.1	Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350*
101.1	Interactive data files pursuant to Rule 405 of Regulation S-T*

*Filed herewith.

109

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.

November 6, 2013	TEXSTAR OIL CORPORATION
August 13, 2014	TEXSTAR OIL CORPORATION
	By:	/s/ Nathan Halsey
		Nathan Halsey
		President and Chief Executive Officer (Principal Executive Officer, Principal Financial and Accounting Officer and Authorized Signatory)

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