UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

(Mark One)

(X)      Quarterly  Report  Pursuant  Section  13 or  15(d)  of  the  Securities
         Exchange Act of 1934

For Quarter Ended: June 30, 2000
                   -------------

                                       OR

( )      TRANSITION  REPORT  PURSUANT  TO SECTION 13 OR 15(d) OF THE  SECURITIES
         EXCHANGE ACT OF 1934

For the transition period from             to
                               ----------     ------------


Commission File: 0-8447

                               DOL RESOURCES, INC.
--------------------------------------------------------------------------------
             (Exact Name of Registrant as specified in its Charter)

         Wyoming                                                  82-0219465
----------------------------------                           -------------------
  (State of other Jurisdiction                                (I.R.S. Employer
of Incorporation or Organization)                            Identification No.)


            13636 Neutron Road, Dallas, Texas                 75244
--------------------------------------------------------------------------------
         (Address of Principal Executive Offices)           (Zip Code)


Registrant's Telephone Number (Area code (214) 661 5869)


Indicate by check mark whether  Registrant (1) has filed all reports required to
be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
the preceding 12 months (or such shorter period that  Registrant was required to
file such reports and (2) has been subject to such filing  requirements  for the
past 90 days YES:   NO: X

The  number of shares  outstanding  of each of the  Issuer's  Classes  of Common
Stock, as of the close of the period covered by this report:

Common - $0.01 Par Value - 25,000,000 shares as of June 30, 2000.


<PAGE>

                               DOL RESOURCES, INC.

            Index to Form 10-Q for Fiscal Quarter ended June 30, 1999



                                                                        Page No.
PART 1 -  Financial Information

Condensed Unaudited Balance Sheet, June 30, 2000
      and December 31, 1999                                                3

Condensed Unaudited Statement of Income,
      Six Months ended June 30, 2000 and 1999                              4

Condensed Unaudited Statement of Shareholder's
      Equity Six Months ended June 30, 2000 and 199                        5

Condensed Unaudited Statement of Changes in
      Financial Position Six-Months Ended
        June 30, 2000 and 1999                                             5

Summary of Significant Accounting Policies and
      Notes to Condensed Unaudited Financial Statements                  6 - 8

Management's Discussion and Analysis of Condensed
      Financial Condition and Results of Operations                        9
PART 11 - Other Information

      Item 6(b) - Exhibits and Reports on Form 8-K                         10

      Signature Pursuant to General Instruction E                          10

All  other  items  called  for by the  instructions  are  omitted  as  they  are
inapplicable,  not  required,  or the  information  is included in the condensed
financial statements or notes thereto.


                                       2
<PAGE>

                               DOL RESOURCES, Inc.
                                  BALANCE SHEET

                                   (Unaudited)

                                     ASSETS
                                                        June 30       Dec. 31
                                                          2000          1999
                                                       ----------    ----------
CURRENT ASSETS

Cash                                                   $      -0-           -0-

Marketable securities, at
  lower or aggregate cost
  or market                                               400,000       400,000

Due from related parties-Note 3                           105,347        11,482
Prepaid Expenses                                              -0-           -0-
                                                       ----------    ----------

     Total Current Assets                                 505.347       411,482
                                                       ----------    ----------

PROPERTIES - Using full costing-
   Note 1
   Production payment                                     100,000       100,000
   Exploration, acquisition &
     development, cost, net of
     allowance for reduction of
     oil & gas assets of $137,083
     in 1985                                            1,998,262     2,057,928
                                                       ----------    ----------
           Total cost                                   2,098,262     2,157,928


Less accumulated depletion                              1,421,617     1,395,617
                                                       ----------    ----------
                                                          676,645       762,311

TOTAL ASSETS                                            1,181,992     1,173,793
                                                       ----------    ----------

Total Liabilities                                             -0-           -0-

STOCKHOLDERS' EQUITY
         Capital Stock, common,
     $.01 par value:
     Authorized 25,000,000 shares
     issued and outstanding
     25,000,000 shares at 6-30-00
         and 12-31-99
     and 25,000,000 shares at 6-30-99                     250,000       207,835
     Capital in excess of
        par value                                       2,526,770     2,526,770
        Accumulated deficit                            (1,594,778)   (1,602,977)
                                                       ----------    ----------

        Total Stockholders Equity                      (1,181,992)   (1,173,793)
                                                       ----------    ----------

            TOTAL LIABILITIES & EQUITY                  1,181,992     1,173,793
                                                       ----------    ----------


                                       3
<PAGE>

                               DOL RESOURCES, INC.
                     CONDENSED UNAUDITED STATEMENT OF INCOME

                                          3 Months            6 Months
                                           Ended         Ended
                                          6-30-00       6-30-00       6-30-99
                                        -----------   -----------   -----------
Operating Revenue:
   Oil and Gas Sales                         51,008        79,984        15,495
   Interest and other income                    -0-           -0-         3,896
                                        -----------   -----------   -----------

                Total                        51,008        79,984        19,391

Operating Expenses:
   Depletion,depreciation
     and amortization                        13,000        26,000         5,594

   General and administrative                   -0-           500         2,715
   Interest                                     -0-           -0-        13,650
   Consulting & Mgmt Fees                     4,090         8,181           -0-
   Production Taxes                           4,192         6,560         1,654
   Lease Operating Expense                   14,306        30,544        11,241
   Lease Rentals                                -0-           -0-           -0-
                                        -----------   -----------   -----------

      Total Operating Expenses               35,588        71,785        34,854

Net Income (Loss) before income
    taxes                                    15,420         8,199       (15,463)
Provision for income taxes
(note 4)                                        -0-           -0-           -0-
                                        -----------   -----------   -----------
Net Income (Loss)                            15,420         8,199       (15,463)



Weighted Average Number of Common
  Shares Outstanding                     25,000,000    25,000,000    21,392,712
20,671,254

Earnings (Loss) for Common Share        $     .0006   $     .0003   $   (.00072)
                                        -----------   -----------   -----------



The accompany notes are an integral part of this statement.








                                       4
<PAGE>
<TABLE>
<CAPTION>

                               DOL RESOURCES, INC.
              CONDENSED UNAUDITED STATEMENT OF STOCKHOLDER'S equity
                     Six Months ended June 30, 1998 and 1999

                Capital Stock                     Capital in
                  Number of                        Excess of      Accumulated       Treasury
                    Shares           Amount        Par Value        Deficit           Stock
                -------------    -------------   -------------   -------------    -------------
<S>             <C>              <C>             <C>             <C>              <C>
Balance at
1/1/00             25,000,000          250,000       2,526,770      (1,602,977)             -0-
Net Income                -0-               -0             -0-          15,420              -0-
                -------------    -------------   -------------   -------------    -------------

Balance at
6/30/00            25,000,000          250,000       2,526,770      (1,594,778)             -0-
                -------------    -------------   -------------   -------------    -------------

Balance at
1/1/99             20,783,529          207,835       1,501,618      (1,546,947)            (375)
Net Income                -0-              -0-             -0-          15,463              -0-
                -------------    -------------   -------------   -------------    -------------
Treas.. Stock
  Canceled               (375)             375
ELGT Stock
 Exchange           4,216,471           42,165         357,835
Parent Con-
 tribution            667,692
                -------------    -------------   -------------   -------------    -------------
Balance at
6/30/99            25,000,000          250,000       2,526,770      (1,562,410)             -0-
</TABLE>



                          CONDENSED UNAUDITED STATEMENT
                        OF CHANGES IN FINANCIAL POSITION
                                Six Months Ended:
                                                   June 30,2000   June 30,1999

Financial Resources Provided
  By Operations:
  Net Income                                              8,199        (15,463)
  Items not requiring outlay of working Capital:
     Depletion, Deprec. and
     Amortization                                        26,000          5,594
                                                   ------------   ------------
Working Capital provided by
  operations                                             34,199         (9,869)
Decease (Increase) in Properties                         59,666       (407,619)
Reduction in other Assets                                   -0-         67,168
Increase in long term debt                                  -0-            -0-
                                                   ------------   ------------

     Total Resources                                     93,865       (350,320)
Financial Resources Applied to:
  Retirement of long-term debt                              -0-       (330,472)
Increase in common stock                                    -0-         42,165
Increase in contributed stock                               -0-       1.025,528
                                                   ------------   ------------
Net Increase (Decrease) in
 Working Capital                                         93,865        386,901
Working Capital at begin of period                      411,482         13,099

Working Capital at end of period                        505,347        400,000



                                       5
<PAGE>

                               DOL Resources, Inc.
                          NOTES TO FINANCIAL STATEMENTS

NOTE 1.  Summary of Significant Accounting Policies

         Organization and Operations
         ---------------------------
         The  Company  was  organized  on November 6, 1973 under the laws of the
         State of Wyoming.  Its primary  activities have been the acquisition of
         interests in various oil and gas properties,  coal properties  (Note 8)
         and exploration for oil and gas.

          Allowance for Bad Debts:
          ------------------------
         Accounts  receivable  from  participants in oil and gas exploration are
         estimated to be at least 90% collectible,  consequently a 10% allowance
         for  bad  debts  has  been  established   against  those   receivables.
         Receivables  from the  sale of oil and gas are  fully  collectible,  as
         accruals  are  based  primarily  on  collection  of oil and  gas  sales
         subsequent to year-end.

         Properties:
         -----------
         The  Company  uses the full cost method of  accounting  for oil and gas
         acquisition,   exploration  and  development  costs.  The  Company  has
         operations only within the continental  United States and  consequently
         has only one cost center.

         All  costs  associated  with  property  acquisition,   exploration  and
         development activities are capitalized within the cost center. No costs
         related to production, general corporate overhead or similar activities
         are capitalized.

         Capitalized   costs  within  the  cost  center  are  amortized  on  the
         units-of-production  basis  using  proved  oil  and gas  reserves.  The
         carrying  value of  capitalized  cost is  limited to the sum of (A) the
         present  value of future net  revenues  from  estimated  production  of
         proved oil and gas reserves,  plus (B) the cost of properties not being
         amortized,  plus (C) the lower cost or estimated fair value of unproved
         properties  included in the costs being  amortized  less (D) income tax
         effects  related  to  differences  between  book  and tax  basis of the
         properties  involved.  For the year  ended  December  31,  1985,  total
         capitalized  costs  exceeded the cost center  ceiling by $137,083.  The
         excess was expense to current operations.




                                       6
<PAGE>

                               DOL RESOURCES, INC
                      NOTES TO FINANCIAL STATEMENTS (CONT.)

NOTE 1:  Sales and  abandonments  of oil and gas properties are accounted for as
         adjustment of capitalized costs, with no gain or loss recognized.

         Drilling in  progress  is  included  in the cost center with  depletion
         being calculated on all costs with cost center.

         Earnings per Common Share
         -------------------------

         Earnings per common share were computed by dividing the net loss by the
         weighted average number of common shares outstanding during the year.


NOTE 2.  Related Party Transactions
         --------------------------

         The Company ended 1999 with accounts receivable from Glauber Management
         Corp.  of  $11,482.  The  balance of this  account on June 30, 2000 was
         $105,347.


NOTE 3.  Income Taxes
         ------------

         The Company as of December  31,  1999 had a net  operating  income loss
         carryover  for income  tax  purposes  of  approximately  $557,000.  The
         carryover  is available  to offset  taxable  income of future years and
         expires as follows:


                           2000      109,000
                           2001       40,000
                           2002       48,000
                           2003        3,000
                           2004       34,000
                           2007       14,000
                           2008       19,000
                           2009        1,000
                           2011      217,000
                           2012       57,000
                           2013       15,000
                                  ----------
                                     557,000




                                       7
<PAGE>



         For financial reporting purposes,  the net operating loss has been used
         to offset  prior  deferred  income  taxes.  To the extend  that the net
         operating  loss  carryovers  are  utilized  for income tax  purposes in
         future  years,  the deferred  income taxes  eliminated  to give credits
         related to timing differences of the current year not recorded, will be
         reinstated.

         Because  of  timing  differences   related  principally  to  intangible
         drilling  costs,  cumulative  losses for income tax reporting  purposes
         exceed  those  reported  by  approximately  $576,000.  Because  of  the
         uncertainly as to realization, no future tax benefits are recognized at
         December 31, 1999.































                                       8
<PAGE>

                   MANAGEMENT'S DISCUSSION AND ANALYSIS OF THE
                     CONDENSED UNAUDITED STATEMENT OF INCOME

         The  following  is  Management's  discussion  and  analysis  of certain
significant factors which have affected the Company's earnings during the period
included in the accompanying Condensed Unaudited Statement of Income.

         A summary  of the  period  to period  changes  in the  principal  items
included in the Condensed Unaudited Statement of Income is as shown below:

                                        Six Months
                                      ending June 30,
                                       2000 and 1999
                                      ---------------
Net Sales                                 64,489
Interest and Other Income                 (3,896)
General and Administrative                (2,215)
Depletion, Depreciation
  and Amortization                        20,409
Consulting & Management Fees               8,181
Interest Expense                         (13,650)
Net Income (Loss)                         23,662

         Oil and gas sales  decreased  as  compared to the same period last year
due to a decrease in the price per BBL of oil and normal decline in production.

         The  recurring  cash  flow  for  the  first  six  months  of  2000  was
approximately  $21,200  per  month.   Consulting  and  Management  fee  expenses
increased due to the payment to Glauber  Management  effective 7-1-99.  Interest
expense  decreased  due to the  assumption  of bank debt by Glauber  Management.
General and  Administrative  expenses  decreased  due to lack of  insurance  and
transfer fees.

         Management  expects a upward  trend in oil and gas  prices to level off
and hold steady at around $25,00 pr barrel  through most of 2000.  This not only
increases  revenues  and cash flow but would  enhances our ability to raise much
needed funds for drilling and reworking  wells.  It is the opinion of management
that a minimum  of $25.00 per Bbl.  oil is needed in order to expand  operations
and replace  depleted  reserves.  A continuing  effort is being made to increase
production,   and   consequently   revenues  by  seeking  out  and   negotiating
joint-venture recompletion projects where positive reserve information exists.

         Management has been seeking out possible  merger  opportunities.  There
have been several  negotiations with private companies desiring to go public. In
preparation for an impending  merger Glauber  Management,  by an agreement dated
June 30, 1999  assumed all  liabilities  and  selected  assets of the company in
exchange for contributed capital.  Also, Oklahoma oil properties held by Glauber
Management were contributed to the Company



                                       9
<PAGE>

         Review of Independent Public Accountants:
         -----------------------------------------

         The information  contained in  substantially  all financial  statements
accompanying  this report were supplied by internal  accountant  of  registrant.
Although such statements have not been reviewed by registrant's certified public
accountant they are available for review.


                               Office Information
                               ------------------

   No reports on Form 8-K were filed by the Company in the quarter for which
this report is filed.


                                   SIGNATURES
                                   ----------

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned there unto duly authorized.

                          DOL RESOURCES, INC.


                           /s/  Fred M. Updegraff
                          -----------------------------
                          Fred M. Updegraff
                          Vice President, Treasurer and
                          Principal Accounting Officer

Date: August 12, 2000


















                                       10