SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB
(Mark One)

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

                  For the quarterly period ended June 30, 2006

                                       OR

[ ] TRANSITION REPORT UNDER SECTION 13 OF 15(d) OF THE EXCHANGE ACT OF 1934

          From the transition period from ____________ to ___________.

                       Commission File Number 33-55254-40

                        LATIN AMERICAN TELECOMMUNICATIONS
                            VENTURE COMPANY - LATVCO.
        (Exact name of small business issuer as specified in its charter)

        Nevada                                            87-0485311
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation or organization)


                      1301 Travis, #1200, Houston, TX 77002
                    (Address of principal executive offices)

                                 (713) 547-8900
                               (Issuer's telephone
                                     number)

                                       N/A
              (Former name, former address and former fiscal year,
                         if changed since last report)

         Indicate by check mark whether the registrant (1) filed all reports
required to be filed by Section 13 or 15(d) of the Exchange Act during the past
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 |_|

          Class              Shares Outstanding            Date
Common, $.001 par value            119,600             July 15, 2006



<PAGE>




                        LATIN AMERICAN TELECOMMUNICATIONS
                            VENTURE COMPANY - LATVCO.

                                      INDEX
<TABLE>

                                                                                            Page
                                                                                           Number
<S>                                                                                      <C>

PART I - FINANCIAL INFORMATION

         Item 1.Financial Statements

                  Condensed Balance Sheets - June 30, 2006 (Unaudited) and
                  December 31, 2005 ........................................................3

                  Condensed Statements of Operations (Unaudited)  - For the three months
                  and six months ended June 30, 2006 and 2005 and for the period from
                  inception (July 26, 1990) to June 30, 2006................................4

                  Condensed Statements of Cash Flows (Unaudited)  - For the six months ended
                  June 30, 2006 and 2005 and for the period from inception (July 26, 1990)
                  to June 30, 2006  ........................................................5

                  Notes to Condensed Financial Statements (Unaudited) ......................6

          Item 2.Management's Discussion and Analysis or Plan of Operations
                  of Operations.............................................................7
          Item 3. Controls and Procedures...................................................7

PART II - OTHER INFORMATION

          Item 1. Legal Proceedings.........................................................7
          Item 2. Changes in Securities.....................................................7
          Item 3. Defaults Upon Senior Securities...........................................7
          Item 4. Submission of Matters to a Vote of Security Holders.......................7
          Item 5. Other Information.........................................................7

          Item 6. Exhibits and Reports on Form 8-K..........................................7

SIGNATURES..................................................................................8

Certifications...........................................................................9-10


</TABLE>


<PAGE>




                 See Notes to the Unaudited Financial Statements
                                                                   3
                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                          (A Development Stage Company)
                                  Balance Sheet
<TABLE>


                                     Assets

                                                                                June 30,          December 31,
                                                                                  2006                2005
                                                                               (Unaudited)
<S>                                                                            <C>                 <C>

Current Assets

      Cash                                                                   $         0      $             0

      Total Current Assets                                                             0                    0

Total Assets                                                                 $         0      $             0
                                                                             =============    =================

                       Liabilities & Stockholders' Deficit

Current Liabilities

      Accounts Payable - Director                                            $     47,500     $         42,500

Total Current Liabilities                                                          47,500               42,500

Stockholders' Deficit
   Authorized shares 99,000,000
   $0.001 par value; 119,600 outstanding at 6-30-06 and at 12-31-05                   120                  120

Additional paid-in Capital                                                         11,840               11,840

Deficit accumulated during development stage                                     (59,460)              (54,460)

Total Stockholders' Deficit                                                      (47,500)              (42,500)

Total Liabilities & Stockholders' Deficit                                    $          0     $              0
                                                                             =============    =================
</TABLE>

<PAGE>

           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                          (A Development Stage Company)
                      Statements of Operations (Unaudited)
<TABLE>

                                                                                      From Inception (July
                         For the Three Months Ended       For the Six Months         26, 1990) Through
                                  June 30,                  Ended June 30,                June 30,

                           2006            2005           2006          2005                2006
<S>                      <C>             <C>             <C>           <C>               <C>


REVENUES                $         0    $          0    $        0    $        0    $            0

EXPENSES
     Administrative
     Expenses                 2,500           2,500         5,000         5,000            59,460


       Total Expenses         2,500           2,500         5,000         5,000            59,460


NET LOSS                $   (2,500)    $    (2,500)    $   (5,000)    $  (5,000)    $     (59,460)
                         ============     ==============  ===========   ===========     ===========

(LOSS) PER SHARE        $     (.02)    $      (.02)    $     (.04)    $    (.04)
                         ============     ==============  ===========   ===========

WEIGHTED AVERAGE SHARES
OUTSTANDING                 119,600          119,600      119,600       119,600
                         ============    ==============   ===========   ===========
</TABLE>



<PAGE>



           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                          (A Development Stage Company)
                      Statements of Cash Flows (Unaudited)


<TABLE>

                                                                               From Inception
                                              For the Six Months Ended        (July 26, 1990)
                                                      June 30,                    through

                                               2006             2005           June 30, 2006
<S>                                          <C>              <C>              <C>

CASH FLOWS FROM FINANCING ACTIVITIES
Net Income (Loss)                             $ ( 5,000)      $(5,000)           $(59,460)
Non-Cash expense                                      0             0               7,785
Increase in accounts payable                      5,000         5,000              50,675

Net Cash Used By Operating Activities                 0             0              (1,000)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock                0             0               1,000

Net cash provided from financing activities           0             0               1,000

Net increase (Decrease) in cash                       0             0                   0

Cash at beginning of year                             0             0                   0

Cash at end of year                               $   0         $   0             $     0
                                                ============== ===========      ============

Supplemental Cash flow information
stock issued for accounts payable                 $   0         $   0           $  10,960
                                                ============== ===========      ============
</TABLE>


<PAGE>


           LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
                          (A Development Stage Company)
             Notes to the Condensed Financial Statements (Unaudited)
                                  June 30, 2006


1.   General

     The interim financial statements are prepared pursuant to the requirements
for reporting on Form 10-QSB. The December 31, 2005 balance sheet data was
derived from audited financial statements but does not include all disclosures
required by generally accepted accounting principles. The interim financial
statements and notes thereto should be read in conjunction with the financial
statements and notes included in the Company's Form 10-KSB for the year ended
December 31, 2005. In the opinion of management, the interim financial
statements reflect all adjustments of a normal recurring nature necessary for a
fair statement of the results for the interim periods presented.

2.       Related Parties

     Administration Expenses and current liabilities represent legal services
performed by the Company's director and corporate expenses paid by the Company
director and are convertible into common stock of the Company at the rate of ten
shares of common stock for every dollar advanced, exercisable at the option of
the advancing party.



<PAGE>



ITEM 2.           MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Material Changes in Result of Operations

     During the three months and six months ended June 30, 2006 and 2005, the
Company had no operations other than the search for a business to acquire or
with which to combine.

     The Company reported no revenues for either the three month or six month
periods ended June 30, 2006 or 2005. However, the company incurred
administrative expenses of $2,500 and $5,000 respectively for the three and six
month periods of both 2006 and 2005.

Material Changes in Financial Condition, Liquidity and Capital Resources

     At June 30, 2006 the Company had no current assets and current liabilities
of $47,500 this compares with no assets and current liabilities of $42,500 as of
December 31, 2005.

     Although the Company has no liquidity, it believes that it will be able to
find a suitable Company with which to merge.

ITEM 3. CONTROLS AND PROCEDURES

     Based on their evaluation, as of a date within ninety days of the filing of
this Report on form 10-Q, our Chief Executive Officer and Chief Accounting
Officer have concluded that our disclosure controls and procedures (as defined
in Rules (13a-14 and 15d-14 under the Securities Exchange Act of 1934) are
effective. There have been no significant changes in internal controls or in
other factors that could significantly affect these controls subsequent to the
date of their evaluation.

     Item 1.      Legal proceedings
                  None

     Item 2.      Changes in Securities
                  None

     Item 3.      Defaults Upon Senior Securities
                  None

     Item 4.      Submission of Matters to a Vote of Security Holders
                  None

     Item 5.      Other Information
                  None


                           PART II - OTHER INFORMATION


ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

a) Exhibits

                           None

b) Reports on Form 8-K

                           None


<PAGE>






                                   SIGNATURES

     In accordance with 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.


                                LATIN AMERICAN TELECOMMUNICATIONS
                                VENTURE COMPANY - LATVCO.



Date: July 12, 2006            By: /s/ Hank Vanderkam

                                     Hank Vanderkam
                                     Principal Executive Officer and
                                     Chief Financial Officer


<PAGE>





                                 CERTIFICATIONS

I, Hank Vanderkam, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Semper Resources
Corporation

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. I am responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
registrant and I have:

         a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, is made known to me by others
within those entities, particularly during the period in which this quarterly
report is being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

         c) presented in this quarterly report my conclusions about the
effectiveness of the disclosure controls and procedures based on my evaluation
as of the Evaluation Date;

5. I have disclosed, based on my most recent evaluation, to the registrant's
auditors and the audit committee of registrant's board of directors (or persons
performing the equivalent function):

         a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

         b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and

6. I have indicated in this quarterly report whether or not there were
significant changes in internal controls or in other factors that could
significantly affect internal controls subsequent to the date of our most recent
evaluation, including any corrective actions with regard to significant
deficiencies and material weaknesses.

Dated: July 12, 2006

By: /s/ Hank Vanderkam
Hank Vanderkam
Chief Executive Officer and Chief Accounting Officer
<PAGE>

      CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER
           PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
                 SECTION 906 OF TEHE SARBANES-OXLEY ACT OF 2002


-------------------------------------------------------------------------------

I, Hank Vanderkam, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly
Report of Latin American Telecommunications Venture Company on Form 10-QSB for
the quarterly period ended June 30, 2005 fully complies with the requirements of
Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that
information contained in such Form 10-QSB fairly presents in all material
respects the financial condition and results of operations of Latin American
Telecommunications Venture Company


By: /s/ Hank Vanderkam
----------------------------
Name: Hank Vanderkam
Title: Chief Financial Officer and Chief Accounting Officer

July 12, 2006