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      8-K</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>TO
      SECTION 13 OR 15(d) OF THE</strong></font></div>
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      EXCHANGE ACT OF 1934</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Date
      of Report (date of earliest event reported) August 9, 2006</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><strong>BLACKSANDS
      PETROLEUM, INC.</strong></font></div>
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      name of Registrant as specified in its charter)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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                  Employer Identification No.)</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">of
                  incorporation or organization)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Suite
      328, 369 Rocky Vista Park Drive Calgary, Alberta T3G 5K7, Canada
</font>
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      399-2836
</font>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation for the registrant under any of the following
      provisions (</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>see</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
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              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Section
      3 - Securities and Trading Markets</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      3.02. Unregistered Sales of Equity Securities.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Effective
      August 9, 2006, Blacksands Petroleum, Inc. (the &#8220;Company&#8221;) closed a private
      placement of units (&#8220;Units&#8221;) of its securities. The offering was conducted
      pursuant to the exemption from the registration requirements of the federal
      securities laws provided by Regulation S and Section 4(2) of the Securities
      Act
      of 1933, as amended (the &#8220;Securities Act&#8221;) and Rule 506 of Regulation D under
      the Securities Act. Each Unit consisted of one share of common stock (&#8220;Common
      Stock&#8221;) and one common stock purchase warrant (&#8220;Warrants&#8221;). Each Warrant
      entitles its holder to purchase one share of Common Stock for an exercise price
      of $3.00 per share, and is exercisable for a two year period commencing October
      1, 2006. The Units were offered at a price of $1.00 per Unit. The Company
      derived total gross proceeds of $10,604,700 from the sale of 10,854,700 Units
      in
      the offering. The Units were offered and sold only to &#8220;accredited investors,&#8221; as
      that term is defined by Rule 501 of Regulation D, and/or to persons who were
      neither resident in, nor citizens of, the United States. No commissions were
      paid in connection with the offering.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company intends to utilize the proceeds of the offering to identify and acquire
      suitable candidates in the unconventional petroleum industry. Following the
      closing of the offering the funds will remain in escrow until a suitable
      acquisition candidate is identified and acquired. If the Company fails to
      complete a business acquisition within 12 months after the closing of the
      offering, subscription proceeds will be promptly returned to investors without
      interest or deduction.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
      previously reported, effective May 6, 2006 the Company issued $1,000,000
      principal amount of its convertible debentures (&#8220;Debentures&#8221;) to two accredited
      investors pursuant to the exemption from registration provided by Regulation
      D.
      The entire principal amount of the Debentures automatically converted into
      1,000,000 Units, at a conversion price of $1.00 per Unit, simultaneously with
      the closing of the offering. No interest had accrued on the Debentures as of
      the
      date of their conversion.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      accordance with the requirements of the Exchange Act, the registrant caused
      this
      report to be signed on its behalf by the undersigned, thereunto duly authorized.
      </font></div>
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          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: "><strong>BLACKSANDS
              PETROLEUM, INC.</strong></font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:&#160;August
              9, 2006</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Darren
              R.
              Stevenson</font></td>
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            </td>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td>
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Name:&#160;&#160;
                Darren R. Stevenson</font></div>
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Title:&#160;&#160;&#160;&#160;
                Chief Executive Officer</font></div>
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{"company-data": {"conformed-name": "BLACKSANDS PETROLEUM, INC.", "cik": "0001308137", "assigned-sic": "3571", "irs-number": "201740044", "state-of-incorporation": "NV", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51427", "film-number": "061020035"}, "business-address": {"street1": "SUITE 328", "street2": "369 ROCKY VISTA PARK DRIVE", "city": "CALGARY", "state": "A0", "zip": "T3G 5K7", "phone": "(403) 399-2836"}, "mail-address": {"street1": "SUITE 328", "street2": "369 ROCKY VISTA PARK DRIVE", "city": "CALGARY", "state": "A0", "zip": "T3G 5K7"}, "former-company": {"former-conformed-name": "Lam Liang Corp.", "date-changed": "20041108"}}
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
WASHINGTON,
      D.C. 20549
FORM
      8-K
CURRENT
      REPORT
PURSUANT
TO
      SECTION 13 OR 15(d) OF THE
SECURITIES
      EXCHANGE ACT OF 1934
Date
      of Report (date of earliest event reported) August 9, 2006
BLACKSANDS
      PETROLEUM, INC.
(Exact
      name of Registrant as specified in its charter)
Nevada
000-51427
20-1740044
(State
                  or other jurisdiction
(Commission
                  File number)
(IRS
                  Employer Identification No.)
of
                  incorporation or organization)
Suite
      328, 369 Rocky Vista Park Drive Calgary, Alberta T3G 5K7, Canada
(Address
      of principal executive offices) (Zip Code)
(403)
      399-2836
(Registrant's
      Telephone Number, Including Area Code)
(Former
      Name, Address and Fiscal Year, If Changed Since Last Report)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation for the registrant under any of the following
      provisions (
see
General
      Instruction A.2. below):
o
Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)
o
Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)
o
Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))
o
Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))
Section
      3 - Securities and Trading Markets
Item
      3.02. Unregistered Sales of Equity Securities.
Effective
      August 9, 2006, Blacksands Petroleum, Inc. (the "Company") closed a private
      placement of units ("Units") of its securities. The offering was conducted
      pursuant to the exemption from the registration requirements of the federal
      securities laws provided by Regulation S and Section 4(2) of the Securities
      Act
      of 1933, as amended (the "Securities Act") and Rule 506 of Regulation D under
      the Securities Act. Each Unit consisted of one share of common stock ("Common
      Stock") and one common stock purchase warrant ("Warrants"). Each Warrant
      entitles its holder to purchase one share of Common Stock for an exercise price
      of $3.00 per share, and is exercisable for a two year period commencing October
      1, 2006. The Units were offered at a price of $1.00 per Unit. The Company
      derived total gross proceeds of $10,604,700 from the sale of 10,854,700 Units
      in
      the offering. The Units were offered and sold only to "accredited investors," as
      that term is defined by Rule 501 of Regulation D, and/or to persons who were
      neither resident in, nor citizens of, the United States. No commissions were
      paid in connection with the offering.
The
      Company intends to utilize the proceeds of the offering to identify and acquire
      suitable candidates in the unconventional petroleum industry. Following the
      closing of the offering the funds will remain in escrow until a suitable
      acquisition candidate is identified and acquired. If the Company fails to
      complete a business acquisition within 12 months after the closing of the
      offering, subscription proceeds will be promptly returned to investors without
      interest or deduction.
As
      previously reported, effective May 6, 2006 the Company issued $1,000,000
      principal amount of its convertible debentures ("Debentures") to two accredited
      investors pursuant to the exemption from registration provided by Regulation
      D.
      The entire principal amount of the Debentures automatically converted into
      1,000,000 Units, at a conversion price of $1.00 per Unit, simultaneously with
      the closing of the offering. No interest had accrued on the Debentures as of
      the
      date of their conversion.
SIGNATURES
In
      accordance with the requirements of the Exchange Act, the registrant caused
      this
      report to be signed on its behalf by the undersigned, thereunto duly authorized.
BLACKSANDS
              PETROLEUM, INC.
Date: August
              9, 2006
By:
/s/ Darren
              R.
              Stevenson
Name:  
                Darren R. Stevenson
Title:    
                Chief Executive Officer