UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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 ~~April 30,~~July 31, 2012

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

For the transition period from ______________________ to ______________________

Commission File Number: 000-53575

Richland Resources Corp.

(Exact name of registrant as specified in its charter)

Nevada		90-0787192
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

2255 Ridge Road, Suite 100

Rockwall, TX 75087

(Address of principal executive offices)

(972) 722-7520

(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 require 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 (of 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 ¨ No x

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act subsequent to the distribution of securities under a plan confirmed by a court.

Yes ¨ No ¨

APPLICABLE ONLY TO CORPORATE ISSUERS:

As of ~~May~~August 31, 2012, the registrant’s outstanding common stock consisted of 5,456,400 shares.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION			2
Item 1. Financial Statements			2
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			3
Item 3. Quantitative and Qualitative Disclosures About Market Risk			6
Item 4A. Controls and Procedures			6
PART II – OTHER INFORMATION			7
Item 1. Legal Proceedings			7
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			7
Item 3. Defaults Upon Senior Securities			7
Item 4. Removed and Reserved			7
Item 5. Other Information			7
Item 6. Exhibits			7

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

The unaudited interim consolidated financial statements of Richland ~~Resources~~ ~~Corp. (formerly known as Shengrui~~ Resources CoCorp. ~~Ltd.)~~ follow. All currency references in this report are to US Dollars unless otherwise noted.

Table of Contents

Balance Sheets			F-1
Unaudited Consolidated Balance Sheets			F-1
Statement of Operations and Comprehensive Loss			F-2
Unaudited Consolidated Statement of Operations			F-2
Statement of Cash Flows			F-3
Unaudited Consolidated Statement of Cash Flows			F-3
Statements of Shareholders' Equity (Deficiency)			F-4
Notes to Unaudited Consolidated Financial Statements			F-4
Notes to the Financial Statements			F-5

RICHLAND RESOURCES CORP.

(Formerly Shengrui Resources Co. Ltd.)

(A Development Stage Company)

UNAUDITED CONSOLIDATED BALANCE SHEETS

(Expressed in US Dollars)

	As of April 30, 2012			As of October 31, 2011
	As of July 31, 2012			As of October 31, 2011
ASSETS
Current assets
Current assets-
Cash	$	~~1,705~~648		$	-0-
Total current assets		~~1,705~~648			-0-
Other assets
Oil and gas properties, successful efforts method		356,827
Deposits		1058,~~500~~197			-0-
Total other assets		10,500			-0-
Total assets	$	415,672		$	-0-
Total assets	$	12,205		$	-0-
LIABILITIES
Current
Current Liabilities
Due to related parties	$	860,766		$	49,763
Accounts payable and accrued liabilities	$	136,943		$	-0-
Accounts payable and accrued liabilities		44,322			-0-
Due to related parties		794,358			49,763
Total Liabilities		905,088			49,763
Noncontrolling interests		1,250,000			-0-
COMMITMENTS AND CONTINGENCIES (NOTES 1 and 5)
Total Liabilities	$	2,181,301			49,763
SHAREHOLDERS' DEFICIT
Common stock - 100,000,000 shares authorized, $0,0001 par value, 5,456,400
Common stock - 100,000,000 shares authorized, $0.0001 par value, 5,456,400
shares issued and outstanding at April 30, 2012 and October 31, 2011		546			546
shares issued and outstanding at July 31, 2012 and October 31, 2011		546			546
Additional paid-in capital		793,633			793,633
Accumulated deficit		(12,~~687~~559,~~062~~808	)		(843,942	)
Total shareholders’ deficit		(~~892~~1,~~883~~765,629	)		(49,763	)
Total liabilities and shareholders’ deficit	$	12415,~~205~~672		$	-0-

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

F-1

RICHLAND RESOURCES CORP.

(Formerly Shengrui Resources Co. Ltd.)

(A Development Stage Company)

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS ~~AND COMPREHENSIVE LOSS~~

(Expressed in US Dollars)

	Period from Inception on October 31, 2006 to April 30, 2012			For the three months ended April 30, 2012			For the three months ended April 30, 2011			For the six months ended April 30, 2012			For the six months ended April 30, 2011
	Period from October 31, 2006 (inception) to			For the three months ended July 31,						For the nine months ended July 31,
	July 31, 2012			2012			2011			2012			2011
							(restated)						(restated)
Expenses
General and administrative expenses	$	~~16.676~~64,853		$	1248,~~284~~177					$	1260,~~636~~813
Management fees		13,500
Rent		~~273~~424,~~648~~874			~~185~~151,~~958~~226						~~260~~411,~~148~~374
Stock -based compensation		449,550
Professional fees		~~413~~485,~~353~~683			3172,~~101~~330			216,~~950~~169			63136,~~950~~280			3137,~~827~~996
Bank charges and interest		647
Foreign exchange loss		4,302
Telephone and Telecom		1727,~~036~~792			1110,~~820~~757						1727,~~036~~792
Salaries and wages		~~489~~1,~~350~~079,607			~~324~~590,~~116~~257						~~489~~1,~~350~~079,607
Total Expenses		12,~~678~~550,~~062~~808			~~565~~872,~~479~~746			216,~~950~~169			~~843~~1,~~121~~715,866			3137,~~827~~996
Loss before other items		(12,~~678~~550,~~062~~808	)		(~~565~~872,~~479~~746	)		(216,~~950~~169	)		(~~843~~1,~~120~~715,866	)		(3137,~~827~~996	)
Write-off of exploration advances		(20,000	)
Write-off of exploration costs		(25,000	)
Gain on settlement of debt		36,000
Net loss for the period	$	(1,687,062	)	$	(565,479	)		(21,950	)		(843,120	)	$	(31,827	)
Net loss	$	(2,559,808	)	$	(872,745	)		(6,169	)		(1,715,866	)	$	(37,996	)
Loss per share
Loss per share, basic and diluted				$	(0.16	)	$	(0.00	)	$	(0.31	)	$	(0.01	)
Basic and diluted				$	(0.10	)	$	(0.00	)	$	(0.15	)	$	(0.01	)
Weighted average shares outstanding, basic and diluted					5,456,000			5,456,000			5,456,000			5,456,000
Weighted average number of shares outstanding					5,456,000			5,456,000			5,456,000			5,456,000

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

F-2

RICHLAND RESOURCES CORP.

(Formerly Shengrui Resources Co. Ltd.)

(A Development Stage Company)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Expressed in US Dollars)

	Period from inception on October 31, 2006 to April 30, 2012			For the six months ended April 30, 2012			For the six months ended April 30, 2011
	Period from October 31, 2006 (inception) to			For the nine months ended July 31
	July 31, 2012			2012			2011
Cash flow from operating activities
Net gain (loss) and comprehensive loss for the period	$	(1,687,062	)	$	(843,120	)	$	(31,827	)
Net loss	$	(2,559,808	)	$	(1,715,866	)	$	(37,966	)
Add back non cash operating activities
Donated rent and other services		5227,000
Write off of exploration advances		20,000
Write off of exploration costs		50,930
Consulting fees		25,930
Gain on settlement of debt		(36,000	)
Gain on Settlement of Debt		(36,000	)
Stock based compensation		449,550
Changes in operating working capital
Other assets		(1058,~~500~~197	)		(1058,~~500~~197	)
Exploration advances		(20,000	)
Accounts payable and accrued liabilities		390,482			136,943			37,966
Accounts payable and accrued liabilities		149,278			44,322			31,827
Due to related parties		702,847			744,595
Due from related parties		917,838			811,003
Net cash used in operating activities		(1,033,196	)		(892,525	)		-0-
Net cash used in operating activities		(138,966	)		1,705			0
Cash flow from investing activities
Acquisition of oil and gas properties		(50407,~~930~~757	)		(356,827	)
Cash flow from financing activities
Advances from related parties		91,511
Capital stock subscribed		71,660
Proceeds from the issuance of capital stock		114,440
Proceeds from the issuance of capital stock		42,780
Repurchase of capital stock		(14,350	)
Cash provided by financing activities		191,601			0
Contributions from noncontrolling interests		1,250,000			1,250,000
Net change in cash during the period		1,705			1,705			0
Cash provided by financing activities		1,441,601			1 250,000
Cash beginning of the period		0			0			0
Net change in cash during the period		648			648			-0-
Cash end of the period	$	1,705		$	1,705		$	-
Cash beginning of the period		-0-			-0-			-0-
Cash end of the period	$	648		$	648		$	-

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

F-3

RICHLAND RESOURCES CORP.

(Formerly Shengrui Resources Co. Ltd)

(A Development Stage Company)

NOTES TO ~~THE~~UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in US Dollars)

~~January~~July 31, 2012

1. ORGANIZATION, NATURE OF OPERATIONS AND GOING CONCERN

Richland Resources Corp. ~~(formerly Shengrui Resources Co. Ltd. and Double Halo Resources Inc.) (the “Company”)~~ was incorporated in the State of Nevada on October 30, 2006. The Company is an independent oil and natural gas company in the Development Stage. The Company’s principal lines of business is are the acquisition and development of oil and natural gas properties and the provision of fracing services to the oil and gas industry. Manek Energy Holdings, Inc., (“Holdings”) our wholly-owned subsidiary, holds a majority controlling membership interest in Manek Energy Pressure Pumping, LLC (“Manek Pressure Pumping”), which is our entity under which we carry out our fracing operations. The terms “we,” “us,” “our,” and the “Company” collectively refer to the parent and subsidiaries on a consolidated basis.

These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. ~~The~~ ~~Company~~We ~~has~~have never generated revenues since inception. The continuation of the Company as a going concern is dependent upon the continued financial support from ~~its~~our shareholders, the ability ~~of the Company~~ to obtain necessary ~~equity~~ financing to continue operations, and the attainment of profitable operations. ~~The~~We ~~Company~~have ~~has~~ accumulated losses of $12,~~687~~559,~~062~~808 since inception and ~~has minimal~~our liabilities exceed our assets. These factors raise substantial doubt regarding ~~the~~our ~~Company’s~~ ability to continue as a going concern. These financial statements do not include any adjustments to the classification or amounts of liabilities that might be necessary should ~~the~~ ~~Company~~we be unable to continue as a going concern.

2. SIGNIFICANT ACCOUNTING POLICIES

WeConsolidation ~~prepared the accompanying unaudited financial statements in conformity with accounting principles generally accepted in the United States of America applicable to interim financial information~~ and ~~with~~Basis ~~the rules and regulations~~ of ~~the United States Securities and Exchange Commission.~~Presentation

The accompanying consolidated financial statements include the accounts of Richland Resources Corp. and its subsidiaries. Intercompany accounts and transactions are eliminated on consolidation. We prepared the accompanying unaudited financial statements in conformity with accounting principles generally accepted in the United States of America applicable to interim financial information and with the rules and regulations of the United States Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed, or omitted, pursuant to such rules and regulations. In the opinion of management, the unaudited interim financial statements include all adjustments necessary for the fair presentation of the results of the interim periods presented. All adjustments are of a normal recurring nature, except as otherwise noted below. These financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended October 31, 2011, filed with the Securities and Exchange Commission on February 29, 2012. The results of operations for the interim periods are not necessarily indicative of the results of operations for any other interim period or for a full fiscal year.

~~Based~~Proved onOil ~~our current level of operating activities, our critical accounting policies are limited to estimating liabilities~~ and ~~costs~~Gas incurred. As of April 30, 2012, we had cash accounts with a bank. However, most of our operating costs are funded by a company under common ownership. We record liabilities to the company under common ownership based on those charges incurred on our behalf.Properties

3.As ~~RELATED~~of ~~PARTY~~July ~~TRANSACTIONS~~31, 2012, our oil and gas properties consisted solely of mineral interests in unproved properties.

~~For~~We follow the ~~three~~successful ~~month~~efforts ~~periods~~method ~~ended~~of ~~April 30,~~accounting ~~2012~~for our oil and ~~2011,~~gas ~~companies~~producing ~~with~~activities. ~~directors~~Under inthis ~~common~~method, ~~have~~all ~~provided~~property ~~accounting~~acquisition ~~services~~costs toand ~~us,~~cost ~~including~~of ~~the~~development ~~management~~wells ofare ~~amounts~~capitalized ~~payable~~as toincurred. ~~outside~~Costs ~~vendors~~to ~~and~~drill ~~the~~exploratory ~~payment~~wells ofare ~~those~~capitalized ~~amounts~~pending ondetermination ~~our behalf. As~~ of ~~April~~whether ~~30, 2012,~~ the ~~Company~~well ~~was~~has ~~indebted~~found toproved areserves. ~~company~~If ~~with~~an ~~directors~~exploratory inwell ~~common~~does ~~for~~not ~~$860,766,~~find ~~representing~~proved ~~expenditures~~reserves, ~~paid~~the oncosts ~~behalf~~ of drilling the ~~Company.~~well ~~This~~are ~~amount~~charged isto ~~unsecured, non-interest~~expense. ~~bearing,~~There ~~due~~were ~~on demand and has~~ no ~~specific~~exploratory wells ~~terms~~capitalized ofpending ~~repayment.~~determinations ~~Substantially all~~ of ~~our~~whether ~~operating~~the ~~expenses~~wells ~~listed on~~found ~~our~~proved ~~statements~~reserves as of ~~operations~~July ~~are~~31, ~~incurred under this informal arrangement.~~2012

~~For~~Geological ~~the~~and ~~three~~geophysical ~~months~~costs, ~~ended~~including ~~April~~seismic ~~30, 2012,~~studies ~~the~~and ~~brother~~costs of ~~our~~carrying ~~Chief~~and ~~Executive~~retaining ~~Officer~~unproved ~~provided~~properties, ~~services~~are ~~related~~charged to ~~business~~exploration ~~development~~expense ~~and~~as ~~shareholder~~incurred. ~~relations~~Expenditures ~~amounting~~for maintenance, repairs and minor renewals necessary to ~~approximately~~maintain ~~$24~~properties in operating condition are charged to workover expense as incurred. Major betterments,~~621,~~ ~~included~~replacements inand ~~professional~~renewals ~~fees~~are oncapitalized ~~our~~to ~~statement~~the ofappropriate ~~operations~~property and equipment accounts.

F-4

We intend to capitalize interest on expenditures for significant exploration and development projects that last more than one year while activities are in progress to bring the assets to their intended use. As of July 31, 2012, we did not incur interest costs relating to our Oil and Gas activities.

Capitalized costs of proved properties are amortized using the unit-of-production basis based on production and estimates of proved reserves quantities. Capitalized costs of proved mineral interests are depleted over total estimated proved reserves, and capitalized costs of wells and related equipment and facilities are depleted over estimated proved developed reserves.

On the sale or retirement of a complete unit of a proved property or field, the cost and related accumulated depletion, depreciation and amortization are eliminated from the property accounts, and the resulting gain or loss is recognized in income. On the retirement or sale of a partial unit of proved property, the cost is charged to accumulated depletion, depreciation and amortization unless doing so significantly affects the unit-of-production amortization rate for an entire field, in which case the resulting gain or loss is recognized in income.

Unproved Oil and Gas Properties

Unproved oil and gas properties consist of costs incurred to acquire unproved leases. Unproved lease acquisition costs are capitalized until the leases expire or when we specifically identify leases that will revert to the lessor, at which time we expense the associated unproved lease acquisition costs to impairment. Lease acquisition costs related to successful drilling are reclassified to proved properties.

On the sale of an entire interest in an unproved property for cash or cash equivalents, gain or loss is recognized to the extent of the difference between the proceeds received and the net carrying value of the property. Proceeds from sales of partial interests in unproved properties are accounted for as a recovery of costs unless the proceeds exceed the entire cost of the property.

Impairment of Oil and Gas Properties

We review our proved oil and gas properties for impairment whenever events and circumstances indicate that a decline in the recoverability of their carrying value may have occurred. We estimate the expected undiscounted future cash flows of our oil and gas properties and compare such undiscounted future cash flows to the carrying amount of the oil and gas properties to determine if the carrying amount is recoverable. If the carrying amount exceeds the estimated undiscounted future cash flows, we will adjust the carrying amount of the oil and gas properties to fair value.

3. RELATED PARTY TRANSACTIONS

For the three-month periods ended July 31, 2012 and 2011, companies with directors in common have provided accounting services to us, including the management of amounts payable to outside vendors and the payment of those amounts on our behalf. As of July 31, 2012, the Company was indebted to a company with directors in common for $794,358; the amount is net of $1,615,858 of total expenditures paid on our behalf offset by cash payments of $821,500. This amount is unsecured, non-interest bearing, due on demand and has no specific terms of repayment. Substantially all operating expenses listed on our statements of operations were incurred under this informal arrangement.

The Company has recorded an expense and accrued a liability of approximately $35,000 per month from March 2012 through July 2012 for the lease of office space in Fort Worth, Texas, which had been entered into by a related party. The Company occupied the office space during January and February 2012. We are not a party to the lease, but reimburse the related party for a portion of the rent, based on our previous occupancy, under an informal month-to-month arrangement.

For the three months ended July 31, 2012, the brother of our Chief Executive Officer provided services related to business development and shareholder relations amounting to approximately $24,621, included in professional fees on our statement of operations.

F-5

4. CORRECTION OF ERROR IN PREVIOUSLY ISSUED FINANCIAL STATEMENTS

Subsequent to filing our quarterly report on Form 10-Q for the period ended ~~April~~July 3031, 2011, we noted that we had erroneously recorded accounts payable assumed by our former parent company as a gain on settlement of liabilities. The following is a summary of the effects of the correction of this error on the statement of operations and comprehensive income for the three months ended ~~April~~July 3031, 2011 (the effects on our statement of cash flows for the ~~three~~nine months ~~and six months~~ ended ~~April~~July 3031, 2011 were inconsequential).

Quarter Ending April 30, 2012	As Originally Reported		As Restated			Effect of Correction
Three Months Ending July 31, 2011	As Originally Reported		As Restated			Effect of Correction
OPERATING COSTS AND EXPENSES
Professional fees	$	-0-	$	216,~~950~~169		$	216,~~950~~169
Total operating costs and expenses		-0-		216,~~950~~169			216,~~950~~169
Operating loss		-0-		(216,~~950~~169	)		(216,~~950~~169	)
Net income (loss)	$	-0-	$	(21,950	)	$	(21,950	)
Net loss	$	-0-	$	(6,169	)	$	(6,169	)
Earnings (loss) per share, basic and diluted	$	-0-	$	(.00	)	$	(0.00	)
Loss per share, basic and diluted	$	-0-	$	(.00	)	$	(0.00	)
Weighted average shares outstanding, basic and diluted		5,456,000		5,456,000

Six Months Ending April 30, 2012	As Originally Reported			As Restated			Effect of Correction
Nine Months Ending July 31, 2011	As Originally Reported			As Restated			Effect of Correction
OPERATING COSTS AND EXPENSES
Professional fees	$	9,877		$	3137,~~827~~996		$	2128,~~950~~119
Total operating costs and expenses		9,877			3137,~~827~~996			2128,~~950~~119
Operating loss		(9,877	)		(3137,~~827~~996	)		(2128,~~950~~119	)
Gain on settlement of debt		36,068			0			(36,068	)
Net income (loss)	$	26,191		$	(3137,~~827~~996	)	$	(5864,~~018~~187	)
Earnings (loss) per share, basic and diluted	$	0.00		$	(0.01	)	$	(0.01	)
Weighted average shares outstanding, basic and diluted		5,456,000			5,456,000

5. COMMITMENTS

We ~~entered~~are ~~into~~party ato ~~non-cancelable~~ operating ~~lease~~ leases for ~~our Rockwall, Texas~~ office space ~~during~~and ~~the~~an ~~three-months~~equipment yard. ~~ended~~Our ~~April~~leases ~~30,~~expire ~~2012.~~between ~~Our~~August ~~lease~~2013 ~~expires~~and March ~~31,~~ 2015, and future minimum rentals under our ~~lease~~operating leases were as follows as of ~~April~~July 3031, 2012:

Years ending October 31:
2012	$	7670,~~500~~632
2013		~~148~~256,~~500~~439
2014		99,000
2015		41,250
Total	$	~~365~~467,~~250~~321

~~F-5~~We have ordered two Fracing fleets consisting on many equipment components for a total cost of approximately $28 Million. We are currently pursuing financing arrangements to pay for these fleets, however, if we are not successful in raising the funds necessary to pay for and release of these fleets, we may be liable for cancellation charges and fees relating to restocking of these equipment ranging from 25% to 100% of the original cost of the related equipment.

6. SUBSEQUENT EVENTS

On May 4, 2012, we executed an order for approximately $28 million in oil and gas field services equipment. We are attempting to secure financing to pay for our order.

* * * * * * * *

F-6

6. FORMATION OF MANEK ENERGY PRESSURE PUMPING, LLC

Entry into Fracing Business. During the second quarter we entered the oil and gas fracing business, in order, to take advantage of the synergy achieved by creating a vertically integrated company combining acquisition and development of oil and natural gas properties and fracing services. To that end, we formed Manek Energy Pressure Pumping on June 11, 2012. Pursuant to the terms of the Formation Agreement, we agreed to contribute fracing equipment and other assets in exchange for a controlling membership interest in Manek. Further, two other members of Manek Pressure Pumping agreed to make cash contributions in the aggregate of $21,777,778 for a minority interest. As of July 31, 2012, we had received contributions from the other members amounting to $1,250,000, which are included on our consolidated balance sheet under current liabilities as “noncontrolling interest”. We recorded these amounts as liabilities because the arrangements to finalize the operations of Manek Pressure Pumping are ongoing, and until such time as the arrangements are finalized, the other members may withdraw their capital contributions.

During the third quarter, we ordered two fracing fleets at a cost of approximately $28 million, hired a crew of 38 persons and began negotiating sales contracts for Manek Pressure Pumping. We have identified additional equipment needed to mobilize the fracing fleets at an estimated cost of approximately $7 Million. Negotiations with various vendors for the remainder are underway.

We are pursuing definitive financing arrangements with our co-venturers and are seeking additional debt or equity capital to complete the financing.

7. SUBSEQUENT EVENTS

On August 18, 2012, we began drilling our first Woodbine well in Leon County, Texas. The proposed total well cost is approximately $7.0 Million. Richland Resources has a 16.66% working interest in this well . Richland Resources has cash called for prepayments from other interest owners as allowed under the joint operating agreement.

As mentioned in the preceding paragraph, our first Woodbine well commenced on August 18, 2012. Richland Resources has received approximately $3.1 Million from other interest owners in the well as prepayments for the drilling of this well. In addition, Richland Resources has made prepayments of approximately $1.7 Million to various vendors for the drilling of this well.

On August 15, 2012, Manek Pressure Pumping purchased a manifold trailer to be used in the Fracing division of the Company. The purchase price was $354,700, including freight.

On August 18, 2012, Richland Resources purchased a 2012 Lincoln Navigator for $60,303. The vehicle is for the exclusive use of the CEO in his duties to the Company.

On August 31, 2012, Holdings purchased eleven new pickup trucks of various sizes for its operations in its Fracing business, for an aggregate purchase price of approximately $494,000. Holdings paid approximately $140,000 as a downpayment and issued notes payable for the remainder. The notes bear interest at at 17.9% per annum and require monthly principal and interest payments of approximately $15,000 in the aggregate for 23 months, with a final payment of approximately $96,000 due on August 30, 2014. The following is a summary of contractual maturities under the notes payable for the years ending October 31:

Years ending October 31:
2012	$	19,149
2013		127,607
2014		207, 277
Total	$	354,033

* * * * * * * *

F-7

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward Looking Statements

This quarterly report contains forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could", "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report.

As used in this quarterly report, the terms "we", "us", "our", and "Richland Resources" mean Richland Resources Corp., unless otherwise indicated.

All dollar amounts in this annual report refer to U.S. dollars unless otherwise indicated.

Business Overview

We were incorporated as a Nevada company on October 30, 2006. We intend to build our business through the acquisition and development of oil and natural gas properties.

~~During~~Entry ~~the~~into ~~second~~Fracing ~~quarter~~Business. ~~of 2012, after~~During ~~considerable discussions and research by~~ the ~~management~~second ~~team,~~quarter ~~the management team headed by the chief executive officer and chief financial officer has reached~~ a decision was made to enter the oil and gas Fracing business., ~~The~~in ~~driving~~order, ~~force~~to ~~behind~~take ~~the~~advantage ~~decision~~of ~~was~~ the synergy achieved by creating a vertically integrated company combining acquisition and development of oil and natural gas properties ~~and~~ ~~Fracing services. The company acted swiftly on the establishment of the Fracing division~~ and ~~documented necessary infrastructure. The main elements necessary to run a~~ Fracing ~~division are the equipment followed by labor and materials. Consequently, the company~~ placed an order with Surefire industries covering two complete Fracing fleets at a cost of approximately $28 Million, additional equipment necessary prior to the mobilization of the fleets was estimated at approximately, $7 Million which have been identified and negotiated with local vendors but orders have not been issued as of to dateservices. The company intends to finance its Fracing business through partners in a joint venture agreement as well as raising capital through debt or equity. As of June 6, 2012, the company has not formalized any financing arrangements with partners or other resources.

During the third quarter, the company formed a Fracing subsidiary, has ordered two fracing fleets at a cost of approximately $28 million, hired a crew of 38 persons and has begun sales activities for this business. The subsidiary has identified additional equipment needed to mobilize the fracing fleets at an estimated cost of approximately $7 Million. Some equipment has been acquired through leasing arrangements. Negotiations with various vendors for the remainder are underway.

The company intends to finance the Fracing business through a joint venture arrangement as well as raising capital through debt or equity. As of September 14, 2012, our co-venturers have contributed a total of $1,250,000 pursuant to a joint venture formation agreement entered into as of June 1, 2012. Since that time, we have been pursuing definitive financing arrangements with these joint venturers and additional debt or equity capital to complete the financing.

Entry into Farmout Agreement. During the third quarter of 2012, we entered into a farm-out agreement (the “Farmout Agreement”) with the holders of certain oil and gas mineral leases comprising 1,360 acres located in Leon County, Texas (collectively, the “Leases”) pursuant to which we acquired the right to earn an interest in the Leases and to the lands covered thereby. On the same date, we entered into an option agreement (the “Option Agreement”) under which we granted to another party the option to purchase up to 50% of the collective working interests of the farmees under the Farmout Agreement, and the aggregate interests of the other farmees would be proportionately reduced, and the aggregate interests of each farmee would be divided equally.

Under the Farmout Agreement, as modified by the Option Agreement, the farmors under the Farmout Agreement received a fee of $500,000, of which we paid $83,333, and we will earn a 16.66%working interest in the test well, and subsequent well drilled on the Leases.

The test well under the Farmout Agreement (the “Test Well”) is a single lateral horizontal with a total depth of 12,341 feet. The target formation is the Top Woodbine sand at approximately 6,384 feet in depth with production being primarily oil. We estimate the total cost of the Test Well be approximately $6.963 Million, of which we are responsible for $1,160,035. We have cash called for prepayments from other interest owners in the Test Well as allowed under the joint operating agreement. The Farmout Agreement requires that, in the event of an interruption or cessation in drilling the Test Well, we resume drilling within 60 days after such interruption or cessation

In August 2012, we engaged a Texas based contractor to commence drill site construction in preparation and drilling of the test well in Leon County, Texas. The Test Well was spudded on August 18, 2012, and the drilling and testing of the Test Well is ongoing as of the date of this report.

Our common stock is quoted on the Over the Counter Quotation Bureau (OTCQB) under the symbol “RRCH”.

Going Concern

We have not generated any revenues, have incurred losses since our inception, and rely upon advances from related parties to fund our operations. We may not generate any revenues even if we complete the acquisition of one or more operating companies, and we are dependent on obtaining outside financing in order to maintain our operations and continue our proposed activities. These factors ~~raised~~ raise substantial doubt about our ability to continue as a going concern. If we are unable to raise equity or secure alternative financing, we may not be able to continue our operations and our business plan may fail.

If our operations and cash flow improve, management believes that we can continue to operate. However, no assurance can be given that management's actions will result in profitable operations or an improvement in our liquidity situation. The threat of our ability to continue as a going concern will cease to exist only if our revenues reach a level able to sustain our business operations.

Results of Operations

Results of Operations for the Three Months Ended ~~April~~July 3031, 2012

For the three months ended ~~April~~July 3031, 2012, we did not generate any revenues and we had a net loss of $~~565~~872,~~479~~745 compared to a net loss of $216,~~950~~169 for the same period in fiscal 2011. The reason for the net loss in both periods is due to incurring normal general and administrative expenses. Our net loss per share for the three months ended ~~April~~July 3031, 2012 amounted to $0.1016, compared to a net loss per share of $0.00001 for the same period in fiscal 2011.

3Our total expenses for the three months ended July 31, 2012 were $872,746, compared to total expenses of $6,169 or the same period in fiscal 2011, for a net increase of approximately $866,576. Our total expenses for the three months ended July 31, 2012 consisted of $72,330in professional fees, $151,226 in rent, $10,757in telephone and telecom charges, $590,257 in salaries and wages and $48,177 in miscellaneous general and administrative expenses. Expenses for the same period in fiscal 2011 consisted mainly of professional fees. Our general and administrative expenses consist primarily of transfer agent fees and general office expenses. Our professional fees include legal, accounting and auditing fees. The increase in our general and administrative expenses is due to adding staff, office space and other activities subsequent to the change in management in April 2011.

~~Our~~Results ~~total expenses for the three months ended April 30, 2012 were $565,479, compared to total expenses~~ of ~~$21,950~~Operations for the ~~same~~Nine ~~period in fiscal 2011, for a net increase of approximately $543,529. Our total expenses for the three~~ months ended ~~April~~July ~~30, 2012 consisted of $~~31,~~301 in~~ professional fees, $185,958 in rent, $11,820 in telephone and telecom charges, $324,116 in salaries and wages and $12,284 in miscellaneous general and administrative expenses. Expenses for the same period in fiscal 2011 consisted mainly of professional fees. Our general and administrative expenses consist primarily of transfer agent fees and general office expenses. Our professional fees include legal, accounting and auditing fees. The increase in our general and administrative expenses is due to adding staff, office space and other activities subsequent to the change in management in April 2011.2012

~~Results~~For the nine months ended July 31, 2012, we did not generate any revenues and we had a net loss of ~~Operations~~$1,715,866 compared to a net loss of $37,996 for the ~~Six~~same ~~Months~~period ~~Ended~~in ~~April~~fiscal 2011. ~~30,~~The reason for the 2012 net loss is due to incurring normal general and administrative expenses. Our net income per share for the nine months ended July 31, 2012 amounted to $.31, compared to a net loss per share of $.01 for the same period in fiscal 2011.

~~For~~Our total expenses for the ~~six~~nine months ended July ~~April 30~~31, 2012 were $1, we715,866, ~~did~~compared ~~not~~to ~~generate~~total ~~any~~expenses ~~revenues~~of ~~and~~$37,996 wefor ~~had~~the asame ~~net~~period ~~loss~~in offiscal ~~$843~~2011,~~121~~ ~~compared~~for to a net ~~loss~~increase of approximately $311,~~827~~677,870. Our total expenses for the ~~same~~nine ~~period~~months ended July 31, 2012 consisted of $136,280 in ~~fiscal~~professional fees, ~~2011.~~$ ~~The~~411,374 ~~reason~~in ~~for~~rent, ~~the~~$27,792 ~~2012~~in ~~net~~telephone ~~loss~~and istelecom ~~due~~charges, to$1,079,607 ~~incurring~~in ~~normal~~salaries ~~general~~and wages and $60,813 in miscellaneous general and administrative expenses. ~~Our~~We ~~net~~had ~~income~~professional ~~per~~fees ~~share for~~of $ 37,996 during the ~~six~~same ~~months~~period ~~ended~~in ~~April~~fiscal 302011 consisting primarily of legal, ~~2012~~accounting ~~amounted~~and toauditing $0fees.~~16,~~ ~~compared~~The increase in our general and administrative expenses is due to aadding ~~net~~staff, ~~loss~~office ~~per~~space and ~~share~~other ofactivities ~~$0.006~~subsequent ~~for~~to the ~~same~~change ~~period~~in management in ~~fiscal~~ April 2011.

~~Our~~Results ~~total expenses for the six months ended April 30, 2012 were $843,120, compared to total expenses~~ of ~~$31,827~~Operations for the ~~same~~Period ~~period~~from inOctober fiscal 2011, for a net increase of approximately $811,293. Our total expenses for the six months ended April 30, 2012 consisted of $63,950 in professional fees, $260,148 in rent, $17,036 in telephone and telecom charges, $489,350 in salaries and wages and $12,636 in miscellaneous general and administrative expenses. We had professional fees of $31,~~827~~ ~~during the same period in fiscal 2011.~~2006 ~~Our~~(Date ~~general and administrative expenses consist primarily~~ of ~~transfer~~Inception) ~~agent fees and general office expenses. Our professional fees include legal, accounting and auditing fees. The increase in our general and administrative expenses is due~~ to ~~adding~~July ~~staff~~31, ~~office space and other activities subsequent to the change in management in April 2011.~~2012

~~Results~~From ofour ~~Operations~~inception ~~for~~on ~~the Period from~~ October 31, 2006 to ~~(Date~~July of31, ~~Inception)~~2012 towe ~~April~~did ~~30,~~not ~~2012~~generate any revenues and we incurred a net loss of $2,559,808.

From our inception on October 31, 2006 to ~~April~~July 3031, 2012, we ~~did~~incurred ~~not~~total ~~generate~~expenses ~~any~~of ~~revenues~~$2,559,808, including $485,683 in professional fees, $13,500in management fees, $424,874in rent, $449,550in stock-based compensation, $4,302 in foreign currency transaction losses, $647 in bank charges and weinterest, ~~incurred~~$1,079,607 in salaries, wages and benefits, $27,792 in telephone and telecom expenses and $64,852 in general and administrative expenses. We also received $36,000 in the form of a ~~net~~gain ~~loss~~on the settlement of debt, wrote off $125,~~687~~000 in oil and gas exploration costs because we allowed our interest in an undeveloped oil and gas property to expire and wrote off $20,~~062~~000 in exploration advances as we determined that it was not feasible to continue exploring and developing the oil and gas properties in which we held an interest.

From our inception on October 31, 2006 to April 30, 2012, we incurred total expenses of $1,687,062, including $413,353 in professional fees, $13,500 in management fees, $273,648 in rent, $449,550 in stock-based compensation, $4,302 in foreign exchange losses, $647 in bank charges and interest, $489,350 in salaries, wages and benefits, and $16,676 in general and administrative expenses. We also received $36,000 in the form of a gain on the settlement of debt, wrote off $25,000 in oil and gas exploration costs because we allowed our interest in an undeveloped oil and gas property to expire and wrote off $20,000 in exploration advances as we determined that it was not feasible to continue exploring and developing the oil and gas properties in which we held an interest.

On April 1, 2012 the company entered into an Office Building lease with Daiker Partners Ltd. Of 2255 Ridge Road, Suite 100, Rockwall, Texas. The lease term is 3 years with option to terminate after 18 months providing a four months prior notice has been served.

The lease is accounted for as an operating lease, monthly rental charge is either, option (1) $10, 500 for 3 years or option (2) $12,750 for the first 18 months and $8,250 for the second 18 months. Company has elected option (2) as it contemplates that planned increased activities will result in an increase in the head count and therefore increase in the office space requirement in the near future.

After company decision to enter the oil and gas Fracing service, an order with Surefire industries was issued for the first two fleets at an estimated cost of $28 million.

Liquidity and Capital Resources

We have limited operational history. As of ~~April~~July 3031, 2012, we had minimal cash or cash equivalents, $~~905~~2,~~088~~181,301 in total liabilities and a working capital deficit of $~~903~~2,~~383~~180,653. As of ~~April~~July 3031, 2012, we had an accumulated deficit of $12,~~687~~559,~~062~~808.

From our inception on October 30, 2006 until the change of control on March 9, 2011 we were solely dependent on the funds raised through our equity financing however, subsequent to the change of control, the company was financed by a company under common ownership. Our net loss of $12,~~687~~559,~~062~~808 from our inception on October 30, 2006 to ~~April~~July 3031, 2012 was funded by equity financing and advances from related parties.

During the three months ended July 31, 2012 and 2011 we did not generate significant cash flow from operating, investing or financing activities.

For the next 12 months we intend to continue seeking financing to acquire and develop additional oil and gas properties in the United States and to finance the purchase of Fracing equipment and commence those operations.

During the third quarter we entered into a Farmout agreement with independent mineral owners, under which we plan to drill our first three to four wells. Our plans for the next 12 months are to drill between six to eight wells at a total cost of approximately $40 Million. We estimate that we will spend approximately $6 million on general and administrative expenses. Our general and administrative expenses for the year will consist of salaries and wages, professional fees, investor relations expenses, rent, utilities and general office expenses. The professional fees will be related principally to maintaining our status as a public company, particularly our regulatory filings throughout the year, as well as the completion of any acquisitions and any financings.

During the three months ended April 30, 2012 and 2011 we did not generate significant cash flow from operating, investing or financing activities.

For the next 12 months we intend to seek financing to acquire and develop oil and gas properties in the United States and to finance the purchase of Fracing equipment and commence those operations.

We continue our efforts to negotiate farmout agreement with independent mineral owners, under which we plan to drill our first four wells. Our plans for the next 12 months are to drill six wells at a total cost of approximately $26.5 Million. We estimate that we will spend approximately $1.8 million on general and administrative expenses. Our general and administrative expenses for the year will consist of salaries and wages, professional fees, investor relations expenses, rent, utilities and general office expenses. The professional fees will be related principally to maintaining our status as a public company, particularly our regulatory filings throughout the year, as well as the completion of any acquisitions and any financings.

We intend to raise our cash requirements for the next 12 months from private placements, loans from related parties or possibly a registered public offering (either self-underwritten or through a broker-dealer). If we are unsuccessful in raising enough money through such efforts, we may review other financing possibilities such as bank loans. At this time we do not have a commitment from any broker-dealer or lender to provide us with financing. There is no assurance that any financing will be available to us or if available, on terms that will be acceptable to us.

Even though we plan to raise capital through equity or debt financing, we believe that the latter may not be a viable alternative for funding our operations as we do not have tangible assets to secure any such financing. We anticipate that any additional funding will be in the form of equity financing from the sale of our common stock. However, we do not have any financing arranged and we cannot provide any assurance that we will be able to raise sufficient funds from the sale of our common stock to finance our operations or activities. In the absence of such financing, we will not be able to complete any business acquisitions and we may be forced to cease our limited operations.

Off-Balance Sheet Arrangements

None.

Inflation

The amounts presented in the financial statements do not provide for the effect of inflation on our operations or financial position. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging operations with amounts that represent replacement costs or by using other inflation adjustments.

Audit Committee

The functions of the audit committee are currently carried out by our Board of Directors, who has determined that we do not have an audit committee financial expert on our Board of Directors to carry out the duties of the audit committee. The Board of Directors has determined that the cost of hiring a financial expert to act as a director and to be a member of the audit committee or otherwise perform audit committee functions outweighs the benefits of having a financial expert on the audit committee at this time.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission (the “SEC”), and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

As of the end of the period covered by this report, our management, with the participation of our Chief Executive Officer and Chief Financial Officer, carried out an evaluation of the effectiveness of our disclosure controls and procedures. Based upon this evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that our disclosure controls and procedures were not effective to ensure that information we are required to disclose in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. In our assessment of the effectiveness of internal control over financial reporting as of ~~April~~July 3031, 2012, we determined that there were control deficiencies that constituted material weaknesses, as described below.

1. Given our current infrastructure, we do not have sufficient segregation of duties in internal controls.

	1.	Given our current infrastructure, we do not have sufficient segregation of duties in internal controls.
	2.	We do not have a system in place to review and monitor internal controls over financial reporting. Management is currently evaluating remediation plans for the above control deficiencies.

2.In Welight doof ~~not~~the ~~have~~existence of these control deficiencies, we concluded that there is a ~~system~~reasonable inpossibility ~~place~~that toa ~~review~~material ~~and~~misstatement ~~monitor~~of ~~internal~~our ~~controls~~annual ~~over~~or interim financial statements ~~reporting~~will not be prevented or detected on a timely basis by our internal controls. ~~Management~~As isa ~~currently~~result, ~~evaluating~~management ~~remediation~~has ~~plans~~concluded that ~~for~~we ~~the~~did ~~above~~not maintain effective internal control ~~deficiencies~~over financial reporting as of July 31, 2012.

In light of the existence of these control deficiencies, we concluded that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis by our internal controls. As a result, management has concluded that we did not maintain effective internal control over financial reporting as of April 30, 2012.5

Changes in Internal Control

During the three months ended ~~April~~July 3031, 2012, there were no changes in our internal control over financial reporting (as defined in Rule 13a-15(e) and Rule 15d-15(e) under ~~the~~ the Exchange Act) that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1. Legal Proceedings

We are not aware of any legal proceedings to which we are a party. None of our directors, officers, affiliates, any owner of record or beneficially of more than 5% of our voting securities, or any associate of any such director, officer, affiliate or security holder are (i) a party adverse to us in any legal proceedings, or (ii) have a material interest adverse to us in any legal proceedings. We are not aware of any other legal proceedings that have been threatened against us.

Item 1A. Risk Factors

Not required by small reporting company.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures.

Not Applicable

Item 5. Other Information

~~None~~Entry into Farmout Agreement. On July 23, 2012, we entered into a farm-out agreement (the “Farmout Agreement”) with the holders of certain oil and gas mineral leases comprising 1,360 acres located in Leon County, Texas (collectively, the “Leases”) pursuant to which we acquired the right to earn an interest in the Leases and to the lands covered thereby. On the same date, we entered into an option agreement (the “Option Agreement”) under which we granted to another party the option to purchase up to 50% of the collective working interests of the farmees under the Farmout Agreement, and the aggregate interests of the other farmees would be proportionately reduced, and the aggregate interests of each farmee would be divided equally.

Under the Farmout Agreement, as modified by the Option Agreement, the farmors under the Farmout Agreement received a fee of $500,000, of which we paid $83,333, and we will earn a 16.67%working interest in the test well, and subsequent well drilled on the Leases.

To earn the interests we are required to commence a test well on the Leases (“Test Well”) within 45 days of the effective date of the Farmout Agreement, subject to rig availability. The Test Well is a single lateral horizontal with a total depth of 12,341 feet. The target formation is the Top Woodbine sand at approximately 6,384 feet in depth with production being primarily oil. We estimate the total cost of the Test Well be approximately $6.963 Million, of which we are responsible for $1,160,035. We have cash called for prepayments from other interest owners in the Test Well as allowed under the joint operating agreement. The Farmout Agreement requires that, in the event of an interruption or cessation in drilling the Test Well, we resume drilling within 60 days after such interruption or cessation

Entry into Fracing Business. During the second quarter a decision was made to enter the oil and gas Fracing business, in order to take advantage of the synergy achieved by creating a vertically integrated company combining acquisition and development of oil and natural gas properties and Fracing services.

The company intends to finance the Fracing business through a joint venture arrangement as well as raising capital through debt or equity. As of September 14, 2012, our co-venturers have contributed $1,000,000 and $250,000, respectively pursuant to a joint venture formation agreement entered into as of June 1, 2012. Since that time, we have pursued definitive arrangements with these joint venturers as well as additional alternative financial arrangements to complete the financing.

Item 6. Exhibits

Exhibit Number		Exhibit Description
10.1		Farmout Agreement dated July 23, 2012 between Bancorp Holdings, LLC, Carrier Acquisitions, LLC, LHMF, LLC, as Farmors and Richland Resources Corp., Sun Delta, Inc. and Amerril Energy LLC, as Farmees
10.2		Option Agreement dated July 23, 2012 between Bancorp Holdings, LLC, Carrier Acquisitions, LLC, LHMF, LLC, Richland Resources Corp., Sun Delta, Inc., Amerril Energy LLC, and Leon County Minerals, LLC
10.3		Exercise of Option and Amendment to Farmout Agreement dated August 3, 2012
10.4		Manek Energy Pressure Pumping, LLC Formation Agreement
31.1		Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) promulgated under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) promulgated under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of Chief Executive Officer pursuant to Rule 13a-14(b) or Rule 15d-14(b) promulgated under the Securities Exchange Act of 1934 and 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of Chief Financial Officer pursuant to Rule 13a-14(b) or Rule 15d-14(b) promulgated under the Securities Exchange Act of 1934 and 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

SIGNATURES

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

	Richland Resources Corp.
	(Registrant)
Date: June 6, 2012	/s/ Kenneth A. Goggans
Date: September 14, 2012	/s/ Kenneth A. Goggans
	Kenneth A. Goggans
	Chief Executive Officer, President, and Sole Director
Date: June 6, 2012	/s/ Max Elghandour
Date: September 14, 2012	/s/ Max Elghandour
	Max Elghandour
	Chief Financial Officer and Treasurer

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