Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Hunter Richard S. T.
 2. Date of Event Requiring Statement (Month/Day/Year)
01/26-06:00/2012		 3. Issuer Name and Ticker or Trading Symbol
BLACKSANDS PETROLEUM, INC. [BSPE]
(Last)
(First)
(Middle)
C/0 BLACKSANDS PETROLEUM, INC., 800 BERING, SUITE 250		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77057		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, $0.001 par value 25,000 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (2) 11/01-05:00/2012 01/25-06:00/2017 Common Stock 88,000 $ 4.5 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hunter Richard S. T.
C/0 BLACKSANDS PETROLEUM, INC.
800 BERING, SUITE 250
HOUSTON, TX 77057		        

Signatures

/s/ RICHARD S. T. HUNTER 01/08-06:00/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Mr. Hunter was granted a stock award of 25,000 shares of the Company's common stock, of which 6,250 shares vested immediately upon issuance and 3,125 shares shall vest every six months thereafter. Therefore, Mr. Hunter currently beneficially owns 18,750 shares of the Company's common stock.
(2) Mr. Hunter was granted an option award of 88,000 options, exercisable at $4.50 per share, which options shall vest 25% on November 1 of 2012 through 2015. Therefore, Mr. Hunter currently beneficially owns 44,000 stock options.

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