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| Nevada                                                                  | 33-0967648                                   |
|-------------------------------------------------------------------------|----------------------------------------------|
| (State      or other jurisdiction of incorporationor      organization) |  (IRS      Employer Identification No.) |
|  1369      Forest Park Circle, Suite 202Lafayette,      Colorado   | 80026                                        |
| (Address      of principal executive office)                       | (Postal      Code)                           |
| (303)      926-4415(Issuer's      telephone number)                     |

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Table of Contents

FELLOW

|         |       |  Page |
|--------------|------------|------------|
| Item      13 | Exhibits   | 3          |
|         |       |       |
|         | Signatures | 6          |

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Table of Contents

ITEM 13.

| Exhibit      No. | Description |
|------------------|-------------|

| 3.1  | Articles      of Incorporation, filed as an exhibit to the registration statement on      Form SB-2 filed with the Securities and Exchange Commission (the      "Commission") on August 10, 2001, and incorporated herein by      reference. |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2  | Certificate      of Amendment to Articles of Incorporation, filed as an exhibit to the      amended annual report on Form 10-KSB/A filed with the Commission on May 2,      2005, and incorporated herein byreference. |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | Bylaws,      filed as an exhibit to the registration statement on Form SB-2 filed with      the Commission on August 10, 2001, and incorporated herein by      reference. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.1  | Form      of Convertible Debenture issued by Fellows Energy, Ltd., dated June 4,      2004, filed as an exhibit to the current report on Form 8-K filed with the      Commission on June 17, 2004, and incorporated herein by      reference. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2  | Form      of Warrant to Purchase Common Stock of Fellows Energy, Ltd., dated June 4,      2004, filed as an exhibit to the current report on Form 8-K filed with the      Commission on June 17, 2004, and incorporated herein by      reference. |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.3  | Form      of Security Agreement of Fellows Energy, Ltd., dated June 4, 2004, filed      as an exhibit to the current report on Form 8-K filed with the Commission      on June 17, 2004, and incorporated herein by  reference. |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.4   | Form      of Warrant to Purchase Common Stock of Fellows Energy Ltd. dated May 18,      2005, filed as an exhibit to the quarterly report on Form 10-QSB filed      with the Commission on May 23, 2005, and incorporated herein by      reference. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.5 | Form      of Registration Rights Agreement dated May 18, 2005, filed as an exhibit      to the quarterly report on Form 10-QSB filed with the Commission on May      23, 2005, and incorporated herein byreference. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.6 | Form      of Subscription Agreement dated May 18, 2005, filed as an exhibit to the      registration statement on Form SB-2 filed with the Commission on August      10, 2005, and incorporated herein byreference. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.7  | Form      of Securities Purchase Agreement of Fellows Energy Ltd. dated June 17,      2005, filed as an exhibit to the registration statement on Form SB-2 filed      with the Commission on August 10, 2005, and incorporated herein by      reference.  |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.8   | Form      of Debenture issued by the Company, dated June 17, 2005, filed as an      exhibit to the registration statement on Form SB-2 filed with the      Commission on August 10, 2005, and incorporated herein by      reference. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.9  | Form      of Warrant to purchase Common Stock of the Company, dated June 17, 2005,      filed as an exhibit to the registration statement on Form SB-2 filed with      the Commission on August 10, 2005, and incorporated herein by      reference. |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.10   | Form      of Registration Rights Agreement of Fellows Energy Ltd. dated June 17,      2005, filed as an exhibit to the registration statement on Form SB-2 filed      with the Commission on August 10, 2005, and incorporated herein by      reference. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.11 | Form      of Securities Purchase Agreement of Fellows Energy Ltd. dated September      21, 2005, filed as an exhibit to the current report on Form 8-K filed with      the Commission on September 22, 2005, and incorporated herein by      reference |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.12 | Form      of Debenture issued by the Company, dated September 21, 2005, filed as an      exhibit to the current report on Form 8-K filed with the Commission on      September 22, 2005, and incorporated herein by  reference |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.13 | Form      of Warrant to purchase Common Stock of the Company, dated September 21,      2005, filed as an exhibit to the current report on Form 8-K filed with the      Commission on September 22, 2005, and incorporated herein by      reference |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

| 4.14 | Form      of Registration Rights Agreement of Fellows Energy Ltd. dated September      21, 2005, filed as an exhibit to the current report on Form 8-K filed with      the Commission on September 22, 2005, and incorporated herein by      reference |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.15 | First      Amendment and Waiver Agreement, dated as of February 15, 2007, by and      between Fellows Energy Ltd. and Palisades Master Fund, L.P., filed as an      exhibit to the current report on Form 8-K filed with the Commission on      February 21, 2007, and incorporated herein by  reference |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.16 | First      Amendment and Waiver Agreement, dated as of February 15, 2007, by and      between Fellows Energy Ltd. and Crescent International Ltd., filed as an      exhibit to the current report on Form 8-K filed with the Commission on      February 21, 2007, and incorporated herein by  reference |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.17 | Securities      Purchase Agreement by and between Fellows Energy Ltd. and Palisades Master      Fund, L.P., filed as an exhibit to the current report on Form 8-K filed      with the Commission on February 21, 2007, and incorporated herein by      reference |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.18 | Debenture      issued to Palisades Master Fund, L.P., filed as an exhibit to the current      report on Form 8-K filed with the Commission on February 21, 2007, and      incorporated herein by reference |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.19 | Registration      Rights Agreement by and between Fellows Energy Ltd. and Palisades Master      Fund, L.P., filed as an exhibit to the current report on Form 8-K filed      with the Commission on February 21, 2007, and incorporated herein by      reference |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.20 | Security      Agreement by and among Fellows Energy Ltd., Palisades Master Fund, L.P.      and Crescent International Ltd., filed as an exhibit to the current report      on Form 8-K filed with the Commission on February 21, 2007, and      incorporated herein by reference |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.1 | Purchase      Agreement of October 22, 2003 with Diamond Oil and Gas Corporation, filed      as an exhibit to the proxy statement on Schedule 14A filed with the      Commission on October 22, 2003, and incorporated herein by      reference. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2 | Stock      Option Plan, filed as an exhibit to the quarterly report on Form 10-QSB      filed with the Commission on May 23, 2005, and incorporated herein by      reference. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.3 | Exploration      Services Funding Agreement, dated January 26, 2004, between Fellows Energy      Ltd. and Thomasson Partner Associates, Inc., filed as an exhibit to the      registration statement on Form SB-2 filed with the Commission on October      6, 2005, and incorporated herein byreference. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4 | Agreement      to Extend and Amend Exploration Funding Service Agreement, dated February      24, 2005, between Fellows Energy Ltd. and Thomasson Partner Associates,      Inc. filed as an exhibit to the amended annual report on Form 10-KSB/A      filed with the Commission on May 2, 2005, and incorporated herein by      reference. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.5 | Purchase      and Option Agreement, dated March 16, 2004, between Fellows Energy Ltd.      and Quaneco, L.L.C., filed as an exhibit to the registration statement on      Form SB-2 filed with the Commission on October 14, 2005, and incorporated      herein by reference. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.6 | Amendment      to Purchase and Option Agreement, dated September 14, 2004, between      Fellows Energy Ltd. and Quaneco, L.L.C., filed as an exhibit to the      registration statement on Form SB-2 filed with the Commission on October      6, 2005, and incorporated herein byreference. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.7 | Agreement      for Purchase of Interests in the Castle Rock and Kirby CBNG Projects of      March 4, 2005 with Quaneco, L.L.C., filed as an exhibit to the      registration statement on Form SB-2 filed with the Commission on October      6, 2005, and incorporated herein byreference. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.8 | Promissory      Note of November 8, 2004 with JMG Exploration, Inc., filed as an exhibit      to the quarterly report on Form 10-QSB filed with the Commission on      November 15, 2004, and incorporated herein by  reference. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.9 | General      Security Agreement of November 8, 2004 with JMG Exploration, Inc., filed      as an exhibit to the quarterly report on Form 10-QSB filed with the      Commission on November 15, 2004, and incorporated herein by      reference. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

| 10.10 | Exploration      and Development and Conveyance Agreement of November 8, 2004 with JMG      Exploration, Inc., filed as an exhibit to the quarterly report on Form      10-QSB filed with the Commission on November 15, 2004, and incorporated      herein by reference. |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.11 | Letter      Agreement, dated December 1, 2004, between Fellows Energy, Ltd. and Axiom      Capital Management, Inc., filed as an exhibit to the amended annual report      on Form 10-KSB/A filed with the Commission on May 2, 2005, and      incorporated herein by reference. |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.12 | Letter      Agreement regarding Bacaroo Project, dated April 14, 2004, between      Thomasson Partner Associates, Inc. and Fellows Energy Ltd., filed as an      exhibit to the registration statement on Form SB-2 filed with the      Commission on October 6, 2005, and incorporated herein by      reference. |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.13 | Settlement      Agreement, dated as of February 15, 2007, by and between Fellows Energy      Ltd. and JGB Capital, L.P., filed as an exhibit to the current      report on Form 8-K filed with the Commission on February 21, 2007,      and incorporated herein byreference |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.1 | Letter      on change in Certifying Accountant on Form 8-K filed with the      Commission on February 21, 2007, and incorporated herein by      reference |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 23.1 | Letter      of Consent from former Certifying Accountant dated April 14, 2008 filed      with the Commission on April 15, 2008, and incorporated herein by      reference |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.1 | Certification      of Chief Executive Officer pursuant to Rule 13a-14 and Rule 15d-14(a),      promulgated under the Securities and Exchange Act of 1934, as      amended |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.2  | Certification      of Chief Financial Officer pursuant to Rule 13a-14 and Rule 15d 14(a),      promulgated under the Securities and Exchange Act of 1934, as      amended |
|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.1 | Certification      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of      the Sarbanes-Oxley Act of 2002 (Chief Executive  Officer) |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.2 | Certification      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of      the Sarbanes-Oxley Act of 2002 (Chief Financial  Officer) |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

SIGNATU

| Date:  March      13, 2009 | By: /s/ GEORGE S.      YOUNG             |
|--------------------------------------|-------------------------------------------------------------------|
|                                 | George      S. Young                                              |
|                                 | Chief      Executive Officer, President and Chairman of the Board |
|                                 |                                                              |

| Name                                                                          | Position                                                          | Date                     |
|-------------------------------------------------------------------------------|-------------------------------------------------------------------|--------------------------|
|                                                                          |                                                              |                     |
| By: /s/ GEORGE S.      YOUNG   George      S. Young            | Chief      Executive Officer, President and Chairman of the Board | March      13, 2009      |
|                                                                          |                                                              |                     |
| By:      /s/      BROOKE E. HORSPOOL   Brooke      E. Horspool | Chief      Financial Officer                                      | March      13, 2009 |