| | U.S. SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 10-QSB | 
| | ------------------------------------------------------------------------ | 

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2006

[   ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to

Commission file number: 0-50190

| | New Pacific Ventures, Inc.(Name of small business issuer in its
    charter) | 
| | ---------------------------------------------------------------------------- | 

|Colorado(State or other jurisdiction of incorporation or
      organization)                                           |  | 47-0877018(I.R.S. Employer Identification No.)
|---------------------------------------------------------------------------------------------------------------------- |  | ----------------------------------------------
|                                                                                                                       |  |                                               
|Suite 213-630 Roche Point DriveNorth Vancouver, British Columbia,
      Canada(Address of principal executive offices) |  | V7H 3A1(Zip Code)                             

Issuer's telephone number: (604) 762-5652

Check whether the issuer (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 [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [X]      No [ ]

State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practical date:

Outstanding at July 31, 2006

9,000,000

$.001 par value common stock



Transitional Small Business Disclosure Format (Check one): Yes
[ ]      No [X]



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NEW PACIFIC VENTURES , INC.



FORM 10-QSB







## TABLE OF CONTENTS





PART I--FINANCIAL INFORMATION



|              |                                                                | Page
|------------- | -------------------------------------------------------------- | ----
|ITEM
      1. | Financial
      Statements                                     | 3   
|ITEM
      2. | Management
      Discussion and Anaylsis or Plan of Operations | 4   
|ITEM
      3. | Controls
      and Procedures                                  | 5   





|PART II--OTHER INFORMATION
|--------------------------
|ITEM
      1.             
|ITEM
      2.             
|ITEM
      3.             
|ITEM
      4.             
|ITEM
      5.             
|ITEM
      6.             

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PART I--FINANCIAL INFORMATION



ITEM 1. Financial Statements



NEW PACIFIC VENTURES, INC.

(A Pre-exploration Stage Company)



INTERIM FINANCIAL STATEMENTS

UNAUDITED



July 31, 2006





## INDEX





|                                                                                                                                                                                   | Page
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----
|                                                                                                                                                                                   |     
|Interim Balance
      Sheets                                                                                                                                                       | F-1 
|                                                                                                                                                                                   |     
|Interim Statements
      of Operations for the three and nine-months ended July 31, 2006 and 2005
      and for the period May 22, 2001 (Date of Inception) to July 31,
      2006 | F-2 
|                                                                                                                                                                                   |     
|Interim Statements
      of Changes in Stockholders' Equity (Deficiency) for the period May 22, 2001 (Date of
      Inception) to July 31, 2006                                    | F-3 
|                                                                                                                                                                                   |     
|Interim Statements
      of Cash Flows for the nine months ended July 31, 2006 and 2005 and for the
      period May 22, 2001 (Date of Inception) to July 31, 2006                 | F-4 
|                                                                                                                                                                                   |     
|Notes
      to Financial Statements                                                                                                                                                | F-5 

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NEW PACIFIC VENTURES, INC.(A Pre-exploration Stage
Company)INTERIM BALANCE SHEETSAs at July 31, 2006 and October 31,
2005(Unaudited)

|                                                                                                  |                   |                        
|------------------------------------------------------------------------------------------------- | ----------------- | -----------------------
|                                                                                                  | July 31,2006      | October 31,2005        
|ASSETS                                                                                           
|Current Assets                                                                                    |                   |                        
|Cash                                                                                              | $1,250,274        | $2,300                 
|LIABILITIES                                                                                      
|Current Liabilities                                                                               |                   |                        
|Accounts payable                                                                                  | 67,075            | 59,500                 
|
|Advances payable - Note 3                                                                         | 1,250,000         | —                      
|
|                                                                                                  | 1,317,075         | 59,500                 
|STOCKHOLDERS' EQUITY (DEFICIENCY)                                                                
|Preferred stock                                                                                   |                   |                        
|25,000,000 shares authorized at $0.001 par
      value, none outstanding                          | —                 | —                      
|Common stock - Notes 4 & 5                                                                        |                   |                        
|100,000,000 shares authorized, at $0.001 par
      value, 9,000,000 shares issued and outstanding | 9,000             | 9,000                  
|Deficit accumulated during the pre-exploration stage                                              | (         75,801) | (        66,200)       
|Total stockholders' deficiency                                                                    | (         66,801) | (
              57,200)
|                                                                                                  | $1,250,274        | $2,300                 
|                                                                                                  |                   |                        

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

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NEW PACIFIC VENTURES, INC.(A Pre-exploration Stage
Company)INTERIM STATEMENTS OF OPERATIONSfor the three and nine months ended July 31, 2006 and 2005and for the period May 22, 2001 (Date of Inception) to
July 31, 2006(Unaudited)



|                           | Three months endedJuly 31, | Nine months endedJuly 31, | May 22, 2001(date ofInception) toJuly 31,
|-------------------------- | -------------------------- | ------------------------- | -----------------------------------------
|                           | 2006                       | 2005                      | 2006                                     
|                           |                            |                           |                                          
|Interest income            | $                  —       | $                   15    | $                  23                    
|Expenses                   | 3,018                      | 3,560                     | 9,624                                    
|Net loss                   | $(3,018)                   | $(3,545)                  | $(9,601)                                 
|Net loss per common share  |                            |                           |                                          
|Basic and diluted          | $0.00                      | $0.00                     | $0.00                                    
|Average outstanding shares |                            |                           |                                          
|Basic                      | 9,000,000                  | 9,000,000                 | 9,000,000                                

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

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NEW PACIFIC VENTURES, INC.(A Pre-exploration Stage
Company)INTERIM STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)for the period May
22, 2001 (Date of Inception) to July 31, 2006(Unaudited)

|                                                                         | Common StockShares | Common StockAmount | Capital inExcess ofPar value | CommonStockSubscribed | AccumulatedDeficit
|------------------------------------------------------------------------ | ------------------ | ------------------ | ---------------------------- | --------------------- | ------------------
|Balance, May 22, 2001 (Date of Inception)                                | —                  | $          —       | $          —                 | $                —    | $                —
|Issuance of common stock for cash at $0.001                              | 9,000,000          | 9,000              | —                            | —                     | —                 
|Net operating loss for the period May 22, 2001 to October
      31, 2001 | —                  | —                  | —                            | —                     | —                 
|Balance, October 31, 2001                                                | 9,000,000          | 9,000              | —                            | —                     | —                 
|Net operating loss for the year                                          | —                  | —                  | —                            | —                     | (         6,300)  
|Balance, October 31, 2002                                                | 9,000,000          | 9,000              | —                            | —                     | (         6,300)  
|Net operating loss for the year                                          | —                  | —                  | —                            | —                     | (       13,045)   
|Balance, October 31, 2003                                                | 9,000,000          | 9,000              | —                            | —                     | (       19,345)   
|Net operating loss for the year                                          | —                  | —                  | —                            | —                     | (       23,233)   
|Balance, October 31, 2004                                                | 9,000,000          | 9,000              | —                            | —                     | (       42,578)   
|Net operating loss for the year                                          | —                  | —                  | —                            | —                     | (       23,622)   
|Balance, October 31, 2005                                                | 9,000,000          | 9,000              | —                            | —                     | (       66,200)   
|Net operating loss for the period                                        | —                  | —                  | —                            | —                     | (         9,601)  
|Balance, July 31, 2006                                                   | 9,000,000          | $9,000             | $—                           | $               —     | $(       75,801)  



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

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NEW PACIFIC VENTURES, INC.(A Pre-exploration Stage
Company)INTERIM STATEMENTS OF CASH FLOWSfor the nine months ended July 31, 2006
and 2005and for the period May 22, 2001 (Date of Inception) to July 31,
2006(Unaudited)



|                                                                                       |  | Nine months endedJuly 31, | May 22, 2001(Date ofInception) toJuly 31,
|-------------------------------------------------------------------------------------- |  | ------------------------- | -----------------------------------------
|                                                                                       |  |                           | 2006                                     
|Cash flows from operating activities                                                   |  |                           |                                          
|Net loss                                                                               |  |                           | $(        9,601)                         
|Adjustment to reconcile net loss to net cash      provided by
      operating activity |  |                           |                                          
|Changes in accounts
payable                                                            |  |                           | 7,575                                    
|Net cash provided (used in) operations                                                 |  |                           | (2,026)                                  
|Cash flows from financing activities                                                   |  |                           |                                          
|Proceeds from issuance of
      stock                                                  |  |                           | —                                        
|                                                                                      
|Advances payable                                                                       |  |                           | 1,250,000                                
|                                                                                       |  |                           | 1,250,000                                
|Net increase in cash                                                                   |  |                           | 1,247,974                                
|Cash at beginning of period                                                            |  |                           | 2,300                                    
|Cash at end of period                                                                  |  |                           | $1,250,274                               



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

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NEW PACIFIC VENTURES, INC.(A Pre-exploration Stage
Company)NOTES TO THE FINANCIAL STATEMENTSJuly 31,
2006(Unaudited)

|Note 1 | Organization 
      
      The Company was incorporated under the laws of the State
      of Colorado on May 22, 2001 with authorized common stock of 100,000,000
      shares at $0.001 par value and preferred stock of 25,000,000 at $0.001 par
      value.
      The preferred shares may be issued in one or more series
      with terms at the discretion of the Board of Directors. There have been no
      preferred shares issued.
      The Company was organized for the purpose of acquiring
      and exploring mineral properties.  The Company has not established the existence of a commercially minable ore deposit and therefore is considered to be in the pre-exploration stage.  During the period ended July 31, 2006, the Company abandoned the Riley mineral claims.
      Since inception, the Company has completed a private
      placement offering of 9,000,000 common shares for $9,000.
|------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Note 2 | Summary Of Significant Accounting Policies
      Accounting Methods
      The Company recognizes income and expenses based on the
      accrual method of accounting.
      Dividend Policy
      The Company has not yet adopted a policy regarding
      payment of dividends,
      Income Taxes
      On July 31, 2006, the Company had a net operating loss
      carry forward of $75,801. The resulting tax benefit of $22,740 from the
      loss carry forward has been fully offset by a valuation reserve because
      the use of the future tax benefit is doubtful since the Company has no
      operations. The net operating loss will expire in the year 2027.
      Basic and Diluted Net Loss Per Share
      Basic net loss per share amounts are computed based on
      the weighted average number of shares actually outstanding. Diluted net
      loss per share amounts are computed using the weighted average number of
      common shares and common equivalent shares outstanding as if shares had
      been issued on the exercise of the preferred share rights unless the
      exercise becomes antidilutive and then only the basic per share amounts
      are shown.
Capitalization of Mineral Claim Costs
      Cost of acquisition, exploration, carrying and retaining
      unproven properties are expensed as incurred.
|------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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NEW PACIFIC VENTURES, INC.(A Pre-exploration Stage
Company)NOTES TO THE FINANCIAL STATEMENTSJuly 31,
2006(Unaudited)

|Note 2 | Summary of Significant Accounting Policies-
      (cont'd)
      

      Financial Instruments
      The carrying amounts of financial instruments, including
      cash, accounts payable and advances payable are considered by
      management to be their estimated fair values due to their short term maturities.
      Estimates and Assumptions
      Management uses estimates and assumptions in preparing
      financial statements in accordance with generally accepted accounting
      principles. Those estimates and assumptions affect the reported amounts of
      the assets and liabilities, the disclosure of contingent assets and
      liabilities, and the reported revenues and expenses. Actual results could
      vary from the estimates that were assumed in preparing these financial
      statements.
      Recent Accounting Pronouncements
      The Company does not expect that the adoption of other
      recent accounting pronouncements will have a material impact on its
      financial statements.
|------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Note 3 | Advances Payable
      Advances payable are unsecured, non-interest bearing and have no specific terms for repayment.
|------ | ---------------------------------------------------------------------------------------------------------------------

|Note 4 | Related Party Transactions
      Directors of the Company have acquired 33% of the outstanding
      common stock.
|------ | ------------------------------------------------------------------------------------------------------------------

|Note 5 | Commitments and Subsequent events
      a)    The Company proposes to forward split its common stock on a four new shares for one old share basis.  In conjunction with the forward split, the Company proposes to issue 10,000,000 post forward split common shares at $0.50 per share pursuant to a private placement offering for total proceeds of $5,000,000.
      b)  Pursuant to a proposed share exchange agreement dated August 8, 2006, the   Company has agreed to issue 15,000,000 post forward split common shares to acquire 100% of Tatonka Oil and Gas Company, Inc. ("Tatonka").  Tatonka is a private Colorado company with interests in oil and gas properties located in Wyoming and Colorado.  This agreement is subject to shareholder approval and the Company raising $5,000,000 pursuant to the private placement discussed above.
|------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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ITEM 2.  Management's Discussion and Analysis or Plan of
Operations.

The following discussion should be read in conjunction with the
Financial Statements and Notes thereto appearing elsewhere in this Form 10-QSB.
As described elsewhere in this Form 10-QSB, New Pacific is a pre-exploration
stage company. As of the date of this filing, New Pacific is in the business of
acquiring and exploring mineral properties and does not have a source of revenue
at this time.



(a) Plan of Operation.





As of the financial period ended July 31, 2006, New Pacific
had not generated any revenues from operations since its inception on May 22,
2001 and has accumulated a deficit of $66,801.



New Pacific anticipates spending approximately $10,000 for
exploration activities and capital expenditures during the next twelve months.
And, during its fiscal year ending October 31, 2006, and through the third
quarter ending July 31, 2007, New Pacific anticipates its corporate expenses
to be approximately $15,000.



The Company does not expect any significant changes in the
number of its employees from its third quarter ended July 31, 2006, and the next 12 months.



During its fiscal year ending October 31, 2006 and the third
quarter ending July 31, 2007, management of New Pacific plans to satisfy its
cash requirements of approximately $25,000 by raising additional capital by way
of loans, private placements and/or a public offering, to satisfy working
capital needs.





ITEM 3.  Controls and Procedures



(a) Evaluation of Disclosure Controls & Procedures.

Based on their evaluation as of the end of the period covered
by this Form 10-QSB, the Company's president, as its principal executive
officer, and secretary/treasurer, as its principal financial officer, have
carried out an evaluation of the effectiveness of the Company's disclosure
controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the
Securities Exchange Act of 1934). Based upon this evaluation, the principal
executive officer and principal financial officer have concluded the Company's
disclosure controls and procedures are effective in timely informing them of
material information relating to the Company required to be disclosed in its
reports under the Securities Exchange Act of 1934.

(b) Changes in Internal Control over Financial Reporting.



There was no change in the Company's internal control over
financial reporting during the Company's fiscal quarter covered by this Form
10-QSB that has materially affected, or is reasonably likely to materially
affect, the Company's internal control over financial reporting.



PART II -- OTHER INFORMATION





ITEM 1.  Legal Proceedings.



We have no legal proceedings in effect.





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



There have been no changes in securities during this reporting
period.

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ITEM 3.  Defaults Upon Senior Securities.

We incurred no defaults upon senior securities during this
reporting period.





ITEM 4.  Submission of Matters to a Vote of Security
Holders.



As a subsequent event on August 31, 2006, New Pacific held an Annual Shareholders' Meeting whereby 5,100,000 shares of the Company's $0.001 par value common stock was represented  either in person or by proxy, thus constituting a quorum.  At the meeting, the shareholders re-elected Gerry Jardine (5,100,000 shares for, 0 shares against and 0 shares withheld), Roy Brown (5,100,000 shares for, 0 shares against and 0 shares withheld) and Brent Pettersen (5,100,000 shares for, 0 shares against and 0 shares withheld) to the Board of Directors for the following year.  And by a vote of 5,100,000 shares for, 0 shares against and 0 shares abstaining to vote, the shareholders ratified the retention of Madsen & Associates, CPA's, Inc. as the Company's independent auditor for the fiscal year 2006; gave authority, to the Board of Directors, and Officers of the Company; to seek funding through public offerings, private placements, commercial funding, or other sources of financing, to promote and expand operations; approved the acquisition of 100% of Tatonka Oil and Gas Company, Inc., a Colorado Corporation, through the issuance of 15,000,000 post forward split shares of the Company's $0.001 par value common stock; approved a four (4) for one (1) forward split of the Company's $0.001 par value common stock; ratified an amendment to the Company's Articles of Incorporation to change the Company's name to Tatonka Oil and Gas Company, Inc., conditioned upon the completion of the Company's acquisition of Tatonka Oil and Gas Company, Inc. and approved the issuance of stock options to key personnel, consultants and directors.



ITEM 5.  Other Information.

On August 8, 2006, the Company entered into an Agreement of Share Exchange and Purchase and Sale with Tatonka Oil and Gas Company, Inc. (attached herein as "Exhibit A").  Under the terms of the Agreement, at Closing, the Company will have a total of 30,000,000 shares issued and outstanding, exclusive of those shares issued prior to Closing, whereby the Company will have issued at least an additional 10,000,000 shares of its Common Stock at $0.50 per share in a private placement and for aggregate, fees, expenses and commissions equal to not more than ten percent (10%) of the total funds to be raised in the placement.  The Company further agrees that at Closing, it will issue an additional 15,000,000 shares of its Common Stock for all, and not less than one hundred percent (100%) of the Seller's authorized, issued and outstanding no par value Common Stock.  Accordingly, the total number of shares of Common Stock of the Company outstanding immediately after Closing shall be 55,000,000 shares.  Additionally, the Company further agrees that immediately after the Closing, the selling Shareholder shall be entitled to receive $650,000 for reimbursement of its advances to the Seller as of July 31, 2006.



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ITEM 6.  Exhibits and Reports on Form 8-K.



(a) Exhibits



Exhibit
No.         Description of
Exhibit



31.1                   Certification
Required Pursuant to Section 302 of the Sarbanes-Oxley Act of 202 for period
ending
                           July
31, 2006

31.2                   Certification
Required Pursuant to Section 302 of the Sarbanes-Oxley Act of 202 for period
ending                           July
31, 2006

32.1                   Certification
Required Pursuant to Section 906 of the Sarbanes-Oxley Act of 202 for period
ending                           July
31, 2006

32.2                   Certification
Required Pursuant to Section 906 of the Sarbanes-Oxley Act of 202 for period
ending
                           July
31, 2006





(b) Reports on Form 8-K

There have been no reports filed on Form 8-K for the
period.



SIGNATURES



In accordance with the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.



New Pacific Ventures, Inc.(Registrant)





/s/Gerry JardineGerry JardinePresident

Date:  September 14, 2006

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