[As adopted in Release No. 34-32231, April 28, 1993, 58 F.R. 26509]

                     U.S. Securities and Exchange Commission

                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)
              [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended:         September 30, 2006
                               -------------------------------------------------

             [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE
                                  EXCHANGE ACT

For the transition period from                        to
                               ----------------------    -----------------------
Commission file number                         333-105008
                       ---------------------------------------------------------

                              Caliber Energy, Inc.
    ------------------------------------------------------------------------
                     (Exact name of small business issuer as
                            specified in its charter)

                     Delaware                       87-0700927
--------------------------------------------------------------------------------
             (State or other jurisdiction              (IRS Employer
         of incorporation or organization)           Identification No.)

          9595 Wilshire Boulevard #900, Beverly Hills, California 90212
--------------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (310) 300-4064
                            Issuer's telephone number


 (Former  name,  former  address and former  fiscal year,  if changed since last
report.)

         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 by Rule 12b-2 of the Exchange Act). Yes [ ] No [X]



<PAGE>



                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDING DURING THE PRECEDING FIVE YEARS

         Check whether the registrant  filed all documents and reports  required
to be  filed  by  Section  12,  13 or  15(d)  of  the  Exchange  Act  after  the
distribution of securities under a plan confirmed by a court. Yes ----- No -----


                      APPLICABLE ONLY TO CORPORATE ISSUERS

         State the number of shares  outstanding of each of the issuer's classes
of  common  equity,  as  of  the  latest  practical  date:  September  30,  2006
182,825,805

         Transitional Small Business Disclosure Format (check one).
Yes      ;  No   X
    ----       -----



<PAGE>



                                     PART I

ITEM 1.  FINANCIAL STATEMENTS

                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                                 BALANCE SHEETS


<TABLE>
<CAPTION>

                                                                                (Unaudited)
                                                                                September 30,       December 31,
                                                                                     2006               2005
                                                                              ------------------  -----------------
ASSETS
Current Assets
<S>                                                                           <C>                 <C>
   Cash and cash equivalents                                                  $           13,491  $               -
   Prepaid expenses                                                                        3,425              3,425
   Receivable from oil & gas properties                                                        -             40,998
   Interest receivable                                                                         -                993
   Notes receivable                                                                            -             40,512
                                                                              ------------------  -----------------
     Total Assets                                                             $           16,916  $          85,928
                                                                              ==================  =================

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
   Accounts payable                                                           $           31,583  $         197,924
   Accrued liabilities & short term contract payable                                      18,700             52,756
   Accrued interest                                                                            -             20,334
                                                                              ------------------  -----------------
     Total Current Liabilities                                                            50,283            271,014
                                                                              ------------------  -----------------

Long-Term Liabilities
   Convertible debentures                                                                      -            463,453
   Contract payable - the "Ritz Claim"                                                    15,000             15,000
                                                                              ------------------  -----------------
      Total Long-Term Liabilities                                                         15,000            478,453
                                                                              ------------------  -----------------
     Total Liabilities                                                                    65,283            749,467
                                                                              ------------------  -----------------

Stockholders' Equity
   Preferred stock, $.0001 par value, authorized 10,000,000
     shares, -0- issued                                                                        -                  -
   Common stock, $.0001 par value, authorized 500,000,000
     shares, 182,825,805 issued at September 30, 2006 and
     62,595,000 issued at December 31, 2005                                               18,283              6,260
   Stock to be issued                                                                         10                 10
   Additional paid-in capital                                                          1,295,857            586,495
   Deficit accumulated during exploration state                                       (1,362,517)        (1,256,304)
                                                                              ------------------  -----------------
     Total Stockholders' Equity                                                          (48,367)          (663,539)
                                                                              ------------------  -----------------

     Total Liabilities and Stockholders' Equity                               $           16,916  $          85,928
                                                                              ==================  =================
</TABLE>



                             See accompanying notes.

                                        3

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                            STATEMENTS OF OPERATIONS


<TABLE>
<CAPTION>
                                                                                                                Accumulated
                                                                                                                   Since
                                                                                                                November 21,
                                         (Unaudited)                              (Unaudited)                      2002
                                      For the Three Months                     For the Nine Months              Inception of
                                       Ended September 30,                     Ended September 30,              Exploration
                                     2006               2005                2006                2005               State
                              ------------------  -----------------  ------------------  ------------------  ------------------
<S>                           <C>                 <C>                <C>                 <C>                 <C>
Revenues                      $                -  $               -  $                -  $                -  $                -
                              ------------------  -----------------  ------------------  ------------------  ------------------

Expenses
   Consulting                                  -              9,000               9,000              27,000              71,000
   Officers compensation                  23,700             22,500              69,900              67,800             231,605
   General and administrative                 12             41,940              21,558              99,794             198,538
   Investor relations                          -                  -                   -                   -              60,000
   General exploration                         -                  -                   -              12,095             334,763
                              ------------------  -----------------  ------------------  ------------------  ------------------

     Total Expenses                       23,712             73,440             100,458             206,689             895,906

Other Income (Expense)
   Interest Income                             -                  -                   -                   -               1,203
   Interest Expense                            -             (5,946)             (5,755)           (454,169)           (467,814)
                              ------------------  -----------------  ------------------  ------------------  ------------------

Net Income (Loss)             $          (23,712) $         (79,386) $         (106,213) $         (660,858) $       (1,362,517)
                              ==================  =================  ==================  ==================  ==================

Weighted Average Shares              182,825,805         62,595,000         103,486,813          73,025,850
                              ==================  =================  ==================  ==================

Loss per Common Share         $                -  $               -  $                -  $           (0.01)
                              ==================  =================  ==================  ==================
</TABLE>

                             See accompanying notes.

                                        4

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS


<TABLE>
<CAPTION>
                                                                                                      Deficit
                                                                                                    Accumulated
                                                                                                       Since
                                                                                                    November 6,
                                                                       (Unaudited)                     2002
                                                               For the Nine Months Ended            Inception of
                                                                      September 30,                 Development
                                                                2006                2005               Stage
                                                          -----------------  ------------------  ------------------
<S>                                                       <C>                <C>                 <C>
CASH FLOWS FROM OPERATING
ACTIVITIES:
Net Loss                                                  $        (106,213) $         (660,858) $       (1,362,517)
Adjustments used to reconcile net loss to net
  cash provided by (used in) operating activities:
   Depreciation and Amortization                                          -                   -                 744
   Common stock issued for liabilities                              257,932             441,515             257,932
   Stock compensation                                                     -                   -             102,000
   Interest expense from beneficial conversion                            -                   -             441,515
   Common stock to be issued for mineral rights                           -                   -              19,000
   Mineral rights expensed                                                -                   -              16,000
(Increase) decrease in prepaid expenses                                   -             (33,824)             (3,425)
(Increase) decrease in receivables                                   40,998                   -                   -
(Increase) decrease in interest receivable                              993                   -                   -
Increase (decrease) in accrued interest                             (20,334)             12,654                   -
Increase (decrease) in accounts payable                            (166,341)              7,953              31,583
Increase (decrease) in accrued liabilities                          (34,056)            (73,774)             18,700
Increase (decrease) in contracts payable                                  -                   -              15,000
                                                          -----------------  ------------------  ------------------
Net cash used in operating activities                               (27,021)           (306,334)           (463,468)
                                                          -----------------  ------------------  ------------------

CASH FLOWS FROM INVESTING
ACTIVITIES:
Acquisition of oil and gas properties                                     -             (40,999)                  -
Cash paid for website design                                              -                   -                (744)
Cash paid for mineral rights                                              -                   -             (16,000)
                                                          -----------------  ------------------  ------------------
Net cash used by investing activities                                     -             (40,999)            (16,744)
                                                          -----------------  ------------------  ------------------

CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from convertible debentures                                      -             361,923             361,923
Proceeds from loans                                                       -                   -              78,695
Proceeds from shareholder loan                                            -                   -              22,835
Loans to related parties                                                  -                   -             (40,512)
Proceeds from loans to related parties                               40,512                   -              40,512
Proceeds on sale of common stock                                          -                   -              30,250
                                                          -----------------  ------------------  ------------------
Net Cash Provided by Financing  Activities                           40,512             361,923             493,703
                                                          -----------------  ------------------  ------------------
</TABLE>

                                       5
<PAGE>


                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (continued)


<TABLE>
<CAPTION>
                                                                                                      Deficit
                                                                                                    Accumulated
                                                                                                       Since
                                                                                                    November 6,
                                                                      (Unaudited)                       2002
                                                                For the Nine Months Ended           Inception of
                                                                      September 30,                 Development
                                                                2006                2005               Stage
                                                          -----------------  ------------------  ------------------
<S>                                                       <C>                 <C>                 <C>
Net Increase (Decrease) in
   Cash  and Cash Equivalents                                        13,491              14,590              13,491
Cash and Cash Equivalents at
   Beginning of the Period                                                -                 728                   -
                                                          -----------------  ------------------  ------------------
Cash and Cash Equivalents at
   End of the Period                                      $          13,491  $           15,318  $           13,491
                                                          =================  ==================  ==================

SUPPLEMENTAL DISCLOSURE OF CASH
  FLOW INFORMATION:
Interest                                                  $               -  $                -  $                -
Income Taxes                                              $               -  $                -  $                -

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING
ACTIVITIES:
</TABLE>

         During the quarter ended June 30, 2006,  convertible  debt of $463,453,
accrued  interest of $26,299,  accounts payable of $166,579 and accrued expenses
of $65,054 were converted into 120,230,805 shares of common stock.















                             See accompanying notes.

                                        6

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - NATURE OF OPERATIONS AND GOING CONCERN

         This summary of accounting  policies for Caliber Energy is presented to
assist in understanding the Company's  consolidated  financial  statements.  The
accounting policies conform to generally accepted accounting principles and have
been consistently applied in the preparation of the financial statements.

         The unaudited  financial  statements as of September 30, 2006,  and for
the nine month period then ended,  reflect,  in the opinion of  management,  all
adjustments  (which  include  only normal  recurring  adjustments)  necessary to
fairly state the financial  position and results of operations for the three and
nine  months.   Operating  results  for  interim  periods  are  not  necessarily
indicative of the results which can be expected for full years.

         The accompanying  consolidated  financial statements have been prepared
on the basis of accounting  principles  applicable to a "going  concern",  which
assume that the Company  will  continue in  operation  for at least one year and
will be able to realize its assets and discharge its  liabilities  in the normal
course of operations.

         Several conditions and events cast doubt about the Company's ability to
continue as a "going concern".  The Company is an exploration state company, and
has  incurred net losses of $106,213  for the nine months  ended  September  30,
2006,  losses of $660,858 for the nine months  ended  September  30,  2005,  and
losses of  $1,362,517  since  inception.  The Company has not realized  economic
production from its mineral  properties as of September 30, 2006.  These factors
raise  substantial  doubt  about the  Company's  ability to  continue as a going
concern.  Management continues to actively seek additional sources of capital to
fund current and future operations.  There is no assurance that the Company will
be successful in continuing to raise additional capital,  establishing  probable
or proven  reserves,  or  determining  if the  mineral  properties  can be mined
economically.  These financial  statements do not include any  adjustments  that
might result from the outcome of these uncertainties.

Organization and Basis of Presentation

         Caliber Energy, Inc. (the Company),  an exploration state company,  was
incorporated on November 6, 2002 in the State of Delaware as Twin Ventures, Ltd.
On June 18,  2004,  the Company  changed the name to Rincon  Resources,  Inc. On
March 14, 2005, the Company changed its name to Caliber Energy, Inc.





                                        7

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 1 - NATURE OF OPERATIONS AND GOING CONCERN (continued)

Nature of Operations

         The Company is an  exploration  state oil and gas company.  The Company
also has  interests in mining and mineral  properties.  On November 21, 2002 the
Company  became  actively  engaged  in  acquiring  mineral  properties,  raising
capital, and preparing properties for production.

         The  Company  did  not  have  any  significant   mining  operations  or
activities  from  inception;  accordingly,  the  Company  is deemed to be in the
exploration  state.  For purposes of recording the Company's  mineral  claims in
Canada,  the  Company  acquired  New  Heights  Capital  Corporation  (a Canadian
corporation)  and transferred the claims listed in the following  paragraph into
the subsidiary in exchange for 100% of the subsidiary's outstanding stock.

         On November 21, 2002,  the Company  acquired  mineral claims (the "Ritz
Claims")  located in the  Lillooet  Lake Region of Southwest  British  Columbia,
Canada.  The property  consists of twenty unpatented two post mineral claims and
one unpatented four post mineral claim  representing  forty units that have been
staked and  recorded  in the  Lillooet  mining  division.  The  Company  has not
commenced  economic  production and is therefore  still  considered to be in the
exploration stage.

         On July 26, 2004,  the Company  executed an agreement  and made the 1st
statutory  payment  of  $55,000  to  acquire a 75%  interest  in the Tudor  Gold
Property.  The Tudor  Gold  Property  is  located  in  eastern  Ontario,  Canada
approximately 100 miles northeast of Toronto. The property lies within Tudor and
Grimsthorpe Townships. The property consists of twenty-two contiguous unpatented
mining claims containing sixty units covering approximately 2,965 acres of land.
The  Company  intends  to  launch  a  comprehensive,   property  wide,   surface
exploration  program  immediately.  The Company  intends to follow-up with drill
testing of the  mineralized  zones of the  property.  The data  derived from the
drill  testing of the various  zones  should  enable the Company to identify and
assess gold bearing structures to ultimately establish the size and grade of the
gold resource.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

         The  consolidated  financial  statements  for the three and nine months
ended September 30, 2006 and 2005 include the accounts of Caliber  Energy,  Inc.
and  its  subsidiary  New  Heights  Capital  Corporation.  New  Heights  Capital
Corporation was acquired by the Company on April 22, 2003.


                                        8

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

         The  results  of  subsidiaries  acquired  or sold  during  the year are
consolidated  from their effective dates of acquisition  through their effective
dates of disposition.

         All  significant  intercompany  balances  and  transactions  have  been
eliminated.

Revenue and Cost Recognition

         The  Company  uses  the  accrual  basis  of  accounting  for  financial
statement  reporting.  Revenues and expenses are  recognized in accordance  with
Generally  Accepted  Accounting  Principles  for the  industry.  Certain  period
expenses are recorded when obligations are incurred.

Use of Estimates

         The  preparation  of  the  financial   statements  in  conformity  with
generally accepted  accounting  principles requires management to make estimates
and assumptions that affect the reported amount of assets and  liabilities,  and
disclosure of contingent  liabilities  at the date of the financial  statements,
and the reported  amount of revenues and expenses  during the reporting  period.
Actual results could differ from those results.

Accounts Receivable, Deposits, Accounts Payable and Accrued Expenses

         Accounts  receivable have historically been immaterial and therefore no
allowance  for  doubtful  accounts  has  been   established.   Normal  operating
refundable  Company  deposits are listed as Other Assets.  Accounts  payable and
accrued  expenses  consist of trade  payables  created from the normal course of
business.

Mineral Properties and Mining Equipment

         Mineral  properties  and  mining  equipment  include  land  and  mining
equipment  carried  at cost.  Mining  equipment  including  mill  facilities  is
depreciated using the  straight-line  method over estimated useful lives of 5 to
15 years,  or the  units-of-production  method  based on  estimated  tons of ore
reserves  if the  equipment  is located at a producing  property  with a shorter
economic life. Mining equipment not in service is not depreciated.








                                        9

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

         During  1997,  the  Securities  and  Exchange  Commission  (SEC)  staff
reconsidered  existing accounting  practices for mineral  expenditures by United
States junior mining companies. They now interpret generally accepted accounting
policy for junior mining companies to permit  capitalization  of acquisition and
exploration  costs only after  persuasive  engineering  evidence  is obtained to
support  recoverability  of these costs  (ideally upon  determination  of proven
and/or  probable  reserves  based upon dense  drilling  samples and  feasibility
studies by a recognized independent engineer). Although the Company has obtained
samples,  and an  independent  engineer  has deemed the  properties  may contain
platinum  group metals,  management  has chosen to follow the more  conservative
method of  accounting  by  expensing  all mineral  costs,  for which there is no
feasibility study.

Land Options

         As  noted  above,  since  the  Company  interprets  generally  accepted
accounting  policies to permit  capitalization  of acquisition  costs  including
leases and land  options  only after  persuasive  engineering  evidence has been
obtained to support recoverability of these costs, these costs will be expensed.

Reclamation and Environmental Costs

         Reclamation  costs and  related  accruals  are  based on the  Company's
interpretation of environmental and regulatory  requirements.  Minimum standards
for mine  reclamation have been  established by various  governmental  agencies.
Reclamation,  site  restoration,  and closure costs for each  producing mine are
accrued over the life of the mine using the units-of-production  method. Ongoing
reclamation activities are expensed in the period incurred.

Oil and Gas Properties

         The Company  follows the full cost method of accounting for its oil and
gas  operations  whereby all costs related to the  acquisition  of petroleum and
natural  gas  interests  are  capitalized.  Such  costs  include  land and lease
acquisition  costs,   annual  carrying  charges  of  non-producing   properties,
geological and geophysical costs, costs of drilling and equipping productive and
non- productive  wells, and direct  exploration  salaries and related  benefits.
Proceeds from the disposal of oil and gas properties are recorded as a reduction
of the related  capitalized  costs without  recognition of a gain or loss unless
the  disposal  would  result in a change of 20 percent or more in the  depletion
rate. The Company operates in one cost center, being Canada. To date the Company
has not established any proven recoverable reserves on its properties.



                                       10

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

         Depletion and depreciation of the capitalized  costs are computed using
the unit-of-production  method based on the estimated proven reserves of oil and
gas determined by independent consultants.

         Estimated future removal and site  restoration  costs are provided over
the life of proven reserves on a unit-of-production  basis. Costs, which include
the  cost of  production  equipment  removal  and  environmental  clean-up,  are
estimated  each  period  by  management  based on  current  regulations,  costs,
technology and industry  standards.  The charge is included in the provision for
depletion and depreciation and the actual  restoration  expenditures are charged
to the accumulated provision amounts as incurred.

         The Company applies a ceiling test to capitalized  costs to ensure that
such costs do not exceed estimated future net revenues from production of proven
reserves  at year end market  prices  less  future  production,  administrative,
financing,  site  restoration,  and  income  tax costs plus the lower of cost or
estimated  market  value  of  unproved  properties.  If  capitalized  costs  are
determined to exceed  estimated  future net  revenues,  a write-down of carrying
value is charged to depletion in the period.

Income  Taxes

         The Company  accounts for income taxes using the liability method which
requires  recognition  of deferred tax  liabilities  and assets for the expected
future tax  consequences  of events  that have been  included  in the  financial
statements or tax returns.  Deferred tax assets and  liabilities  are determined
based on the difference between the financial statements and tax basis of assets
and  liabilities  using  enacted  tax rates in effect  for the year in which the
differences are expected to reverse.

         The  Company's  management  determines  if  a  valuation  allowance  is
necessary to reduce any tax benefits when the available benefits are more likely
than not to expire before they can be used.

Cash  and  Cash  Equivalents, and Credit Risk

         For purposes of reporting  cash flows,  the Company  considers all cash
accounts  with  maturities  of 90 days or less  and  which  are not  subject  to
withdrawal  restrictions  or  penalties,  as cash  and cash  equivalents  in the
accompanying balance sheet.

         The portion of deposits in a  financial  institution  that  insures its
deposits  with the FDIC up to $100,000  per  depositor in excess of such insured
amounts are not subject to insurance and represent a credit risk to the Company.


                                       11

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Stock  Based  Compensation

         Effective  January 1, 2006, the company  adopted the provisions of SFAS
No. 123(R).  SFAS No. 123(R) requires employee equity awards to be accounted for
under the fair value method.  Accordingly,  share-based compensation is measured
at grant date,  based on the fair value of the award.  Prior to January 1, 2006,
the company accounted for awards granted to employees under its equity incentive
plans under the intrinsic value method prescribed by Accounting Principles Board
(APB) Opinion No. 25,  "Accounting  for Stock Issued to Employees" (APB 25), and
related  interpretations,  and  provided  the  required  pro  forma  disclosures
prescribed by SFAS No. 123, "Accounting for Stock-Based  Compensation" (SFAS No.
123), as amended.  No stock  options were granted to employees  during the three
and  nine  months  ended  September  30,  2006  or  2005  and  accordingly,   no
compensation  expense  was  recognized  under  APB No. 25 for the three and nine
months ended September 30, 2006 or 2005. In addition, no compensation expense is
required to be  recognized  under  provisions of SFAS No. 123(R) with respect to
employees.

         Under the modified  prospective method of adoption for SFAS No. 123(R),
the  compensation  cost  recognized by the company  beginning on January 1, 2006
includes (a) compensation cost for all equity incentive awards granted prior to,
but not yet vested as of January 1,  2006,  based on the  grant-date  fair value
estimated in  accordance  with the original  provisions of SFAS No. 123, and (b)
compensation cost for all equity incentive awards granted  subsequent to January
1, 2006,  based on the grant-date  fair value  estimated in accordance  with the
provisions of SFAS No. 123(R).  The company uses the  straight-line  attribution
method to recognize  share-based  compensation  costs over the service period of
the award.  Upon  exercise,  cancellation,  forfeiture,  or  expiration of stock
options,  or upon vesting or forfeiture of restricted stock units,  deferred tax
assets for options and  restricted  stock units with multiple  vesting dates are
eliminated  for each vesting  period on a first-in,  first-out  basis as if each
vesting  period was a  separate  award.  To  calculate  the excess tax  benefits
available  for  use in  offsetting  future  tax  shortfalls  as of the  date  of
implementation, the company followed the alternative transition method discussed
in FASB Staff Position No. 123(R)-3.

Foreign Currency Translation and Transactions

         The  Company's  functional  currency  is the  US  dollar.  No  material
translations or transactions have occurred. Upon the occurrence of such material
transactions  or the need for  translation  adjustments,  the Company will adopt
Financial  Accounting  Standard  No. 52 and other  methods  in  conformity  with
Generally Accepted Accounting Principles.




                                       12

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Earnings Per Share

         Basic  earnings per common share were  computed by dividing net loss by
the weighted  average  number of shares of common stock  outstanding  during the
year. There are no dilutive  outstanding  common stock  equivalents at September
30, 2006.

NOTE 3 - EXPLORATION STATE COMPANY/ GOING CONCERN

         The Company has not begun principal  operations and as is common with a
company  in the  exploration  state,  the  Company  has  had  recurring  losses.
Continuation  of the Company as a going concern is dependent  upon obtaining the
additional  working capital  necessary to be successful in its planned activity,
and the  management of the Company has  developed a strategy,  which it believes
will accomplish this objective  through  additional equity funding and long term
financing, which will enable the Company to operate for the coming year.

NOTE 4  -  AFFILIATES  AND  RELATED  PARTIES

         Significant  relationships with (1) companies affiliated through common
ownership and/or management, and (2) other related parties are as follows:

         On July 26th,  2004, the Company  executed an agreement with Louvicourt
Gold Mines Inc.  and made a first  payment of  $55,000.00  (US) to acquire a 75%
interest and the rights to explore a series of gold occurrences  situated on the
Tudor Gold  Property.  The  President  of  Louvicourt  Gold Mines Inc. is Fenton
Scott,  a related party and father of Graeme F. Scott,  the President and CEO of
the Company.  Additionally,  Graeme F. Scott was a past  director of  Louvicourt
Gold Mines, Inc. See Note 8 for a description of this Project.

         During October 2004,  the Company  received a loan from a related party
for $19,590 for exploration  costs associated with the Tudor Gold Property.  The
loan is due on demand with interest accrued at 5% annually.  In March 2005, this
loan was converted to convertible debentures (see Note 11).

         During December 2004, the Company received a loan from a shareholder of
$3,245 for payment of accounts payable.  The loan is due on demand with interest
accrued at 5% annually.  In March 2005,  this loan was converted to  convertible
debentures (see Note 11).

         During  the  year  ended  December  31,  2005,  the  Company  made  two
short-term loans totaling $40,512 to two affiliated  companies.  The loans carry
an interest  rate of 6% per annum.  In February  2006,  both of these loans were
repaid.


                                       13

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 5 - NOTES PAYABLE

         In  July  2004,  the  Company   received  a  loan  of  $58,000  from  a
third-party.  The loan is due July 14,  2005 with  interest at 5%  annually.  In
March 2005, this loan was converted to convertible debentures (see Note 11).

         In  December  2004,  the  Company  received  a loan of  $20,695  from a
third-party.  The loan is due on demand with  interest at 5% annually.  In March
2005, this loan was converted to convertible debentures (see Note 11).

NOTE 6 -  INCOME  TAXES

         As  of  December  31,  2005,  the  Company  had a  net  operating  loss
carryforward for income tax reporting purposes of approximately  $1,257,000 that
may be offset against future taxable income through 2025. Current tax laws limit
the amount of loss  available to be offset  against future taxable income when a
substantial  change in  ownership  occurs.  Therefore,  the amount  available to
offset future taxable income may be limited. No tax benefit has been reported in
the financial statements, because the Company believes there is a 50% or greater
chance the  carryforwards  will expire  unused.  Accordingly,  the potential tax
benefits of the loss  carryforwards  are offset by a valuation  allowance of the
same amount.

NOTE 7 - LONG-TERM DEBT

         On November 21, 2002,  the Company  entered into an agreement  with Mr.
Garth Barton for the purchase of mining property,  the "Ritz Claim",  located in
the Lillooet Lake Region of Southwest British Columbia, Canada. The "Ritz Claim"
is title to forty  (40)  mineral  claim  units  that are  unpatented.  The total
purchase  price of the  claim is  $33,500  due per  terms of the  contract  with
advance  royalties of $25,000 to be paid annually  commencing 36 months from the
date of  signature  of the  agreement.  The  property  is  subject  to a royalty
agreement.

         The  contract  payment  schedule  calls  for  $13,500  to be paid  upon
delivery of a summary  geological  report and  transfer of property  title.  The
$13,500 was paid per the contract.  On February 28, 2003 a payment of $2,500 was
made per contract schedule.  Twelve months from the date of title  registration,
$2,500 becomes due with another $2,500 due twenty four months from such date. No
later than thirty six months from the date of  signature  on the  contract,  the
balance of payment is due for a total purchase price of $33,500.





                                       14

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 8 -  SHAREHOLDERS'  EQUITY

Preferred Stock

         The Company has authorized ten million (10,000,000) shares of preferred
stock with a par value of $.0001, none of which have been issued.

Common Stock

         The Company has authorized five hundred million (500,000,000) shares of
common stock with a par value of $.0001.

         On April 8, 2004,  180,000,000 shares were returned to the treasury and
cancelled.

         On July 23, 2004,  the Company did a 10 to 1 forward stock split of its
issued  and  outstanding  shares  of  common  stock  from  9,257,000  shares  to
92,570,000  shares. All references to common stock have been adjusted to reflect
the stock split.

         On April 6, 2005,  29,975,000  shares of common stock were  returned to
the treasury and cancelled.

         During the quarter ended June 30, 2006,  convertible  debt of $463,453,
accrued  interest of $26,299,  accounts payable of $166,579 and accrued expenses
of $65,054 were converted into 120,230,805 shares of common stock.

Common Stock Subscribed and Issued for Cash

         During  December,  2002, the Company  undertook an offering exempt from
registration  pursuant to Section  4(2) of the  Securities  Act of 1933 to raise
$16,000 in the issuance of 32,000,000  shares of common stock for the purpose of
the acquisition and exploration of mining properties.  The Company's  management
considers this offering to be exempt under the Securities Act of 1933.

         During  March 2003,  the  Company  undertook  a  Regulation  D Rule 506
private  placement  offering to raise $14,250 for the issuance of 570,000 shares
of common stock for the purpose of mineral exploration. The Company's management
considers this offering to be exempt under the Securities Act of 1933.






                                       15

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 8 -  SHAREHOLDERS'  EQUITY (continued)

Common Stock to be Issued

         On July 26, 2004, the Company entered into a property option  agreement
with Louvicourt Gold Mines,  Inc. As part of this agreement,  the Company was to
issue 100,000 shares of common stock upon the execution of the agreement.  As of
December 31, 2005, the Company had expensed $19,000 in exploration costs related
to the 100,000 shares of common stock due upon  execution of the agreement.  The
shares were valued at $.19 per share and as of September 30, 2006,  had not been
issued.

NOTE 9 - MINERAL RIGHTS

         On November 21, 2002,  the Company  entered into an agreement  with Mr.
Garth Barton for the purchase of mining property,  the "Ritz Claim",  located in
the Lillooet Lake Region of Southwest British Columbia, Canada. The "Ritz Claim"
is title to forty  (40)  mineral  claim  units  that are  unpatented.  The total
purchase  price of the  claim is  $33,500  due per  terms of the  contract  with
advance  royalties of $25,000 to be paid annually  commencing 36 months from the
date of signature of the  agreement.  Failure to pay the advance  royalties will
cause a reversion of the property  within 10 days of such failure.  The property
is subject to a 2 1/2% Net Smelter Royalty (NSR) and a 7 1/2% Gross Rock Royalty
(GRR).  1 1/2% of the NSR can be acquired for $1.0 million within 12 months from
the  commencement of commercial  production.  Mr. Barton is required to keep the
claims in good  standing for at least 18 months from the date of the  agreement.
In addition,  Mr.  Barton will provide  geological  consulting  services for the
claims and will  maintain the claims in good  standing for a period of 36 months
with fees advanced by the Company prior to the anniversary  dates from signature
of the  agreement.  Said fees are to be deducted from the total cost.  All costs
related to this claim have been expensed in accordance  with Generally  Accepted
Accounting Principals for the industry.

         On April 22, 2003, the Company  acquired the  outstanding  common share
(one common  share) of New Heights  Capital  Corporation,  an inactive  Canadian
corporation, for the purpose of recording the Company's Canadian "Ritz Claim" in
a Canadian  corporation  as required.  The "Ritz Claim" was  transferred  to the
subsidiary in exchange for the subsidiary's  outstanding  common share of stock.
New Heights  Capital  Corporation is a wholly owned  Canadian  subsidiary of the
Company.









                                       16

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 9 - MINERAL RIGHTS (continued)

         On July 26, 2004,  the Company  executed a Property  Option  Agreements
with Louvicourt Gold Mines,  Inc.  ("Louvicourt")  (see Note 3) to acquire a 75%
interest in the Tudor Gold  Property.  The Company  agreed to make the following
cash and share option payments to Louvicourt:

         1. $55,000 upon the full execution of the Agreement.
         2.  $55,000  on or before one year from the date of full  execution  of
         this  Agreement.  3. 100,000 shares of common stock upon full execution
         of this  Agreement,  and 4. 200,000 shares of common stock on or before
         one year from the date of full
                  execution of this Agreement.

         The Company also agreed to fund work programs on the mineral  claims by
advancing exploration funds to Louvicourt on the following basis:

         1.       by no later  than July 31,  2004,  the  Company  will  advance
                  Exploration Funds of $150,000
         2.       by no later than one year from the signing of this  Agreement,
                  the  Company  will  advance  additional  Exploration  Funds of
                  $350,000;
         3.       by no later than two years from the signing of this Agreement,
                  the  Company  will  advance  additional  Exploration  Funds of
                  $250,000; and
         4.       by no later than 4 years from the  signing of this  Agreement,
                  the  Company  will  advance  additional  Exploration  Funds of
                  $1,250,000.

         Provided  the Company has made the option  payments  and  advanced  the
exploration  funds required for work programs  costing a total of $750,000,  the
Company  shall have  earned an  immediately  vested 50%  interest in the mineral
claims.  Provided  the Company has made the option  payments  and  advanced  the
exploration funds required for work programs costing a total of $1,250,000,  the
Company shall have earned an immediately  vested  additional 25% interest in the
mineral  claims,  bringing the Company's total interest in the mineral claims to
75%.

         As of December 31, 2005, the Company had paid Louvicourt a cash payment
of $55,000 as part of this  agreement.  The $55,000 was expensed in 2004 as part
of exploration  costs.  The Company has accrued $150,000 in accounts payable for
the  exploration  funds due on July 31, 2004. This $150,000 was expensed in 2004
as part of exploration  costs.  The Company also expensed $19,000 in exploration
costs in 2004 related to the 100,000  shares of common stock due upon  execution
of the  agreement.  The shares were valued at $.19 per share and as of September
30, 2006, had not been issued.







                                       17

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 9 - MINERAL RIGHTS (continued)

         The Tudor Gold Property is located in Tudor and  Grimsthorpe  Townships
in the  Madoc-  Bancroft  region of the  Providence  of  Ontario  and is located
approximately 100 miles northeast of Toronto,  Canada.  The property consists of
twenty-two  contiguous  unpatented mining claims containing sixty units covering
approximately   2,965  acres  of  land.   The   Company   intends  to  launch  a
comprehensive,  property wide, surface  exploration  program  immediately.  Once
further funding is acquired and the agreement can be fully executed, the Company
intends  to  follow-up  with  drill  testing  of the  mineralized  zones  of the
property.  The data derived from the drill  testing of the various  zones should
enable the Company to identify and assess gold bearing  structures to ultimately
establish the size and grade of the gold resource.

NOTE 10 -  COMMITMENTS  AND  CONTINGENCIES

         As of  September  30,  2006,  all  activities  of the Company have been
conducted by  corporate  officers  from either their homes or business  offices.
Currently,  there are no  outstanding  debts owed by the  company for the use of
these facilities and there are no commitments for future use of the facilities.

         The  Company's  "Ritz  Claims" will revert back to the seller within no
less  than a 10 day  period  if the  Company  fails to make the  $25,000  annual
advance  royalty  payments per the sales contract  commencing 36 months from the
date of the contract.

         On June 1, 2004, the Company  entered into a consulting  agreement with
Mr. Robert  McIntosh.  Mr. McIntosh will provide  geological and  administrative
services to the Company for $3,000 per month.

         Pursuant  to  consulting  agreements  dated June 1, 2004,  the  Company
agreed to pay $2,500 per month to the CFO and director of the Company and $5,000
per month to the President and director of the Company. Pursuant to a consulting
agreement  dated April 23, 2004,  the Company  agreed to pay $400 per month to a
director.

         Management  is not aware of any  contingent  matters  that could have a
material  adverse  effect  on the  Company's  financial  condition,  results  of
operations, or liquidity.








                                       18

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 11 - CONVERTIBLE DEBENTURES

         On March 9, 2005, the Company executed three Convertible Debentures for
up to $870,000. The notes are due and payable in full on or before March 9, 2006
and carry an interest rate of 5% per annum.  The notes are  convertible,  at the
discretion  of the  holder,  into  shares of common  stock of the  Company  at a
conversion price of $.10 per share.

         On March 9, 2005, the Company sold $383,610 of convertible  debentures.
On that date the fair market value of the stock was $.20.  Since the fair market
value of the stock was greater than the  conversion  price of $.10,  the Company
has recognized interest expense of $383,610.

         On June 1, 2005, the Company sold $50,000 of convertible debentures. On
that date the fair  market  value of the stock was $.18.  Since the fair  market
value of the stock was greater than the  conversion  price of $.10,  the Company
has recognized interest expense of $40,000.

         On June 10, 2005, the Company sold $29,842 of  convertible  debentures.
On that date the fair value of the stock was $.16.  Since the fair market  value
of the stock was  greater  than the  conversion  price of $.10,  the Company has
recognized interest expense of $17,905.

         The Company had received  approximately  $463,453 from the  convertible
debentures.  As of June 30, 2006,  the  convertible  debentures  of $463,453 and
accrued interest of $26,299 was converted common stock.

NOTE 12 - OIL AND GAS PROPERTIES

         On March 28, 2005,  the Company  entered into an agreement  with Salida
Capital,  Inc.  (Salida)  whereby  the  Company  will be  entitled to 49% of the
benefits and interests earned by Salida, pursuant to an agreement between Salida
and Vega  Resources,  Ltd.  (Vega),  on  certain  lands  known  as the  Bolloque
Prospect,  located in the  Province  of  Alberta.  To earn the  interest  in the
Bolloque  Prospect,  the Company shall be required to assume the  obligations of
Salida  pursuant to Salida's  agreement  with Vega,  including the drilling of a
test well, and the drilling of two additional  option wells.  If all three wells
are not drilled and completed,  or capped and abandoned, as the case may be, the
Company  will earn no interest in the Bolloque  Prospect.  During the year ended
December 31, 2005, the Company paid $40,998 towards the drilling of wells. These
costs had been capitalized.  However, the Company was unable to advance the full
funds for the Test-Well,  and was in default pursuant to the original agreement.
On August 26, 2005,  the Company and Salida  agreed that Salida would  reimburse
the Company the full amount of its investment in the Test-Well. In consideration
for the  advancement of funds paid,  Salida will grant the Company a 10% carried
interest in the


                                       19

<PAGE>



                              CALIBER ENERGY, INC.
                         (An Exploration State Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (continued)

NOTE 12 - OIL AND GAS PROPERTIES (continued)

section of lands  earned by Salida  under the Vega  Participation  Agreement  by
virtue of the completion of the Test-Well. At December 31, 2005, the capitalized
cost  of  the  investment  in  oil  and  gas  properties  of  $40,998  has  been
reclassified  as a  receivable.  On March 3, 2006,  the  Company  received  this
payment from Salida.


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

GENERAL  - This  discussion  should  be read in  conjunction  with  Management's
Discussion and Analysis of Financial  Condition and Results of Operations in the
Company's annual report on Form 10-KSB for the year ended December 31, 2005.

PLAN OF OPERATIONS

         The  following  discussion  and  analysis  provides  information  which
management  believes is  relevant  to an  assessment  and  understanding  of our
results of operations and financial condition.  The discussion should be read in
conjunction  with our financial  statements and notes thereto  appearing in this
prospectus.

         The accompanying  financial statements have been prepared assuming that
we will continue as a going concern.  As discussed in the notes to the financial
statements,  we have experienced  losses from inception.  Our financial position
and operating results raise substantial doubt about its ability to continue as a
going  concern.  The financial  statements do not include any  adjustments  that
might result from the outcome of this uncertainty.

         The  following   discussion  and  analysis   contains   forward-looking
statements, which involve risks and uncertainties. Our actual results may differ
significantly  from the  results,  expectations  and  plans  discussed  in these
forward-looking statements.

         The Company began negotiations with a private Company to participate in
oil and gas  exploration  in Kansas.  The oil and gas boom returned to Kansas in
2005. Its impact on the state economy  depends on how long it lasts.  Kansas oil
and gas production was worth $4.7 billion in 2005, according to estimates by the
Kansas  Geological  Survey at the  University of Kansas.  The total value of oil
produced in the state in 2005 was estimated at about $1.8 billion, up from about
$500 million in 2004.  The total value of natural gas  production  was more than
$2.8  billion in 2005,  up from $2.2  billion  the  previous  year.  Natural gas
production in 2005 is estimated at 380 billion cubic

                                       20

<PAGE>



feet,  down about 20 billion  cubic feet from the previous  year.  The statewide
peak was 990 billion cubic feet in 1970.

         Caliber  will join  other  partners  that have  acquired  participation
rights  in a large  data  base  that  includes  a  geophysical  survey  covering
approximately  one million acres,  located in central Kansas,  covering parts of
Ellsworth,  Salina,  McPherson,  Reno, Harvey,  Kingman,  and Sedgwick counties.
Total  cumulative oil  production  through 1999 from these counties is more than
978 million  barrels of oil. The  geophysical  survey  utilized RAM  technology,
owned by Paramount  Energy  Corp.,  which is a geophysical  methodology  used to
highlight oil and gas deposits. Unlike 2-D and 3-D seismic methods, which gather
information  based upon  artificially  induced sonic  responses  recorded at the
surface,  RAM technology  identifies "unique bright spots" using its proprietary
software to process certain aspects of the earth's magnetic field data.

         Data is collected by a low flying  aircraft  equipped with  specialized
equipment  and  then  analyzed  by RAM  software.  These  "unique  bright  spot"
anomalies  can be  correlated  to  near-surface  alterations  caused by the slow
geochemical  processes  that  occur  over  both  oil and gas  deposits.  The RAM
technology is an indirect hydrocarbon indicator independent of structure so it a
good tool in areas where  seismic is not.  Since RAM data is  collected  from an
aircraft, large acreage surveys can be acquired many times faster and many times
less  costly  than   traditional   seismic.   That  makes  RAM  an  ideal  first
reconnaissance  tool.  Several  identified RAM anomalies  interpreted within the
survey area are believed to have hydrocarbon  potential over  multi-sections  of
lands that have never been  tested  with a drill  bit.  Most  nearby  production
within this region of the Central Kansas  Platform  produces from  Mississippian
age and older limestone rocks above the Arbuckle dolomite formation. Some of the
accumulations  of hydrocarbons  are  stratagraphically  trapped and unrelated to
structure and therefore not easily  identifiable  by  traditional  seismic.  The
magnetic survey and  interpretation of the region is of excellent  quality.  Oil
wells will be drilled to test the most promising  prospects to the deepest known
petroleum  formation,  the Arbuckle,  generally  less than 4000' in depth in the
Central Kansas  Platform.  Drilling costs have been estimated to be in the order
of $200,000 for a cased and completed well.

         The Central Kansas  Platform  covered by the survey and  interpretation
contains some of the most prolific  production  from shallow depths in that part
of the country.  There are many  established oil fields within the boundaries of
the survey area. The survey  indicates  "bright spots" that could be hydrocarbon
accumulations  not  yet  discovered  by  traditional   seismic  or  other  older
exploration technologies.  Multiple prospects are expected to be generated after
more extensive field tests. When formalized,  Caliber will join partners who are
proceeding  to further  evaluate  the most  prospective  oil and gas targets for
drilling utilizing  complimentary  geochemical and geophysical  methodologies in
their field testing. The operator will then recommend leases for acquisition and
the exploration program will commence.

         Caliber will join other  Companies  which are Silver  Star,  with a 20%
working interest,  Fidelis Energy,  Inc. which has a 25% working  interest,  and
Cascade Energy, Inc. which also has a 25% working interest.  The private company
will be  carried  through  the  drilling  and  completion  of the  first two (2)
exploratory  wells. The 70% working interest partners will pay 100% of the costs
of

                                       21

<PAGE>



drilling and  completing  the initial two wells.  Subsequent  to those first two
wells,  all  participants  in the play will  contribute on a straight up working
interest basis.


ITEM 3.  CONTROLS AND PROCEDURES

         The Company's Chief Executive  Officer and Chief Financial  Officer are
responsible for establishing and maintaining  disclosure controls and procedures
for the Company.

         (a) Evaluation of Disclosure Controls and Procedures

         As of the end of the period covered by this report, the Company carried
out an  evaluation,  under the  supervision  and with the  participation  of the
Company's management, including the Company's President, of the effectiveness of
the design and operation of the  Company's  disclosure  controls and  procedures
pursuant to Rule 13a-15 under the  Securities  Exchange Act of 1934,  as amended
(the  "Exchange  Act").  Based  upon the  evaluation,  the  Company's  President
concluded that, as of the end of the period, the Company's  disclosure  controls
and  procedures  were effective in timely  alerting him to material  information
relating to the Company  required to be included in the reports that the Company
files and submits pursuant to the Exchange Act.

         (b) Changes in Internal Controls

         Based  on his  evaluation  as of  September  30,  2006,  there  were no
significant  changes in the Company's internal controls over financial reporting
or in any other areas that could  significantly  affect the  Company's  internal
controls  subsequent  to the date of his most recent  evaluation,  including any
corrective  actions  with  regard  to  significant   deficiencies  and  material
weaknesses.

                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

         None.

ITEM 2.  CHANGES IN SECURITIES

         None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         None.




                                       22

<PAGE>



ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

         None.

ITEM 5.  OTHER INFORMATION

         None.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

Exhibit
Number          Title of Document

31.1     Certification  Pursuant  to Section  302 of the  Sarbanes-Oxley  Act of
         2002.
31.2     Certification  Pursuant  to Section  302 of the  Sarbanes-Oxley  Act of
         2002.
32.1     Certification  Pursuant  to Section  906 of the  Sarbanes-Oxley  Act of
         2002.
32.2     Certification  Pursuant  to Section  906 of the  Sarbanes-Oxley  Act of
         2002.
(b) Reports on Form 8-K filed.

         None.

























                                       23

<PAGE>



                                   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.


Caliber Energy, Inc.
(Registrant)


DATE:      November 9, 2006




/S/     Graeme Scott
Graeme Scott
President, CEO and Director
(Principal Executive Officer)

/S/     David Naylor
David Naylor
Treasurer, CFO and Director
(Principal Financial Officer)


























                                       24

<PAGE>