`U. S. Securities and Exchange Commission
                             Washington, D. C. 20549

                                   FORM 10-QSB



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

         For the quarterly period ended September 30, 2004

[    ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT

         For the transition period from _____ to _____.



                           Commission File No. 0-9458

                            Eagle Exploration Company
            (Exact name of registrant as specified in its character)


              Colorado                                    84-0804143
              --------                                    ----------
(State or other jurisdiction of              (IRS Employer Identification Number)
incorporation or organization)

                1801 Broadway, Suite 810, Denver, Colorado 80202
                ------------------------------------------------
              (Address and zip code of principal executive offices)

Registrant's telephone number, including area code: (303) 296-3677



     Indicated  by check  mark  whether  the  registrant  (1) filed all  reports
required to be filed by Section 13 or 15(d) of the  Exchange  Act of 1934 during
the  preceding 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 the number of shares  outstanding of each of the issuer's  classes
of common equity, as of the latest practicable date:

                  Class                              Number of Shares
                  -----                              ----------------

              Common stock                               3,072 836

     Transitional Small Business  Disclosure format:  (Check one) Yes ___ No X .


                   EAGLE EXPLORATION COMPANY AND SUBSIDIARIES



         INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS



PART I   FINANCIAL INFORMATION
------   ---------------------

Item 1

Condensed Consolidated Balance Sheets - September 30, 2004 (unaudited), and March 31, 2004

Unaudited Condensed Consolidated Statements of Operations - Three and Six Months Ended September 30, 2004, and 2003

Unaudited Condensed Consolidated Statements of Cash Flows - Six Months Ended September 30, 2004, and 2003

Notes to Unaudited Condensed Consolidated Financial Statements

Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 3

Controls and Procedures


PART II

OTHER INFORMATION

Item 6

Exhibits and Reports on Form 8-K



SIGNATURES








PART I - FINANCIAL INFORMATION

Item 1

                   EAGLE EXPLORATION COMPANY AND SUBSIDIARIES

                      Condensed Consolidated Balance Sheets


                                                                                     September 30,   March 31,
                                                                                         2004           2004
                                                                                     -----------    -----------
                                                                                     (Unaudited)
                                                             Assets
Current assets
   Cash and cash equivalents .....................................................   $   765,749    $   264,257
   Certificates of deposits ......................................................          --          200,000
   Marketable securities .........................................................       344,685        458,406
   Accounts receivable ...........................................................         6,003          4,891
                                                                                     -----------    -----------
         Total current assets ....................................................     1,116,437        927,554
                                                                                     -----------    -----------

Office  furniture,  equipment  and  other,  net of  accumulated  depreciation  of
   $199,289 and $195,408 at September 30, 2004 and March 31, 2004, respectively ..        56,729         56,925
Real estate held for sale ........................................................          --          298,525
Equity investment in LLC .........................................................       212,739        212,739
Other assets .....................................................................        24,837         24,837
                                                                                     -----------    -----------
         Total non-current assets ................................................       294,305        593,026
                                                                                     -----------    -----------

Total assets .....................................................................   $ 1,410,742    $ 1,520,580
                                                                                     ===========    ===========


                                              Liabilities and Stockholders' Equity
Current liabilities
   Accounts payable ..............................................................   $     7,565    $     7,565
   Deposits, deferred revenue and other ..........................................        11,387         11,387
                                                                                     -----------    -----------
         Total current liabilities ...............................................        18,952         18,952
                                                                                     -----------    -----------

Stockholders' equity
   Common stock, no par value; authorized 10,000,000 shares;
    3,072,836 shares issued and outstanding ......................................     6,632,998      6,632,998
   Accumulated deficit ...........................................................    (5,272,346)    (5,176,228)
   Unrealized holding loss on investments available for sale .....................        31,138         44,858
                                                                                     -----------    -----------
         Total stockholders' equity ..............................................     1,391,790      1,501,628
                                                                                     -----------    -----------

Total liabilities and stockholders' equity .......................................   $ 1,410,742    $ 1,520,580
                                                                                     ===========    ===========

       See notes to unaudited condensed consolidated financial statements.


                   EAGLE EXPLORATION COMPANY AND SUBSIDIARIES

            Unaudited Condensed Consolidated Statements of Operations

                                                        For the Three Months Ended    For the Six Months Ended
                                                               September 30,               September 30,
                                                        --------------------------    --------------------------
                                                           2004           2003           2004           2003
                                                        -----------    -----------    -----------    -----------
Revenue
   Oil and gas ......................................   $    12,684    $    14,727    $    18,819    $    34,653
                                                        -----------    -----------    -----------    -----------
         Total revenue ..............................        12,684         14,727         18,819         34,653
                                                        -----------    -----------    -----------    -----------

Expenses
   Depreciation .....................................         2,407          3,059          3,881          4,985
   General and administrative expense ...............        76,140         56,705        122,190        107,236
                                                        -----------    -----------    -----------    -----------
         Total expense ..............................        78,547         59,764        126,071        112,221
                                                        -----------    -----------    -----------    -----------

Loss from operations ................................       (65,863)       (45,037)      (107,252)       (77,568)
                                                        -----------    -----------    -----------    -----------

Other income (expense)
   Interest and dividend income .....................         1,935          1,667         15,012         12,129
   Realized loss on sale of investments
     available-for-sale .............................          --             --           (6,230)          --
   Realized gain on sale of real estate held for sale         2,352           --            2,352           --
   Miscellaneous income .............................          --             --             --            4,531
                                                        -----------    -----------    -----------    -----------
         Total other income .........................         4,287          1,667         11,134         16,660
                                                        -----------    -----------    -----------    -----------

Net loss before other comprehensive income (loss) ...       (61,576)       (43,370)       (96,118)       (60,908)
                                                        -----------    -----------    -----------    -----------

Other comprehensive income (loss)
   Unrealized gain (loss) on investments
     available-for-sale .............................        10,426         (9,040)       (13,720)        10,784
                                                        -----------    -----------    -----------    -----------

Comprehensive loss ..................................   $   (51,150)   $   (52,410)   $  (109,838)   $   (50,124)
                                                        ===========    ===========    ===========    ===========

Basic and diluted weighted average common shares
   outstanding ......................................     3,072,836      3,072,836      3,072,836      3,072,836
                                                        ===========    ===========    ===========    ===========

Basic and diluted loss per common share .............   $    (0.017)   $    (0.017)   $    (0.036)   $    (0.016)
                                                        ===========    ===========    ===========    ===========

       See notes to unaudited condensed consolidated financial statements.



                                              EAGLE EXPLORATION COMPANY AND SUBSIDIARIES

                                       Unaudited Condensed Consolidated Statements of Cash Flows


                                                                                              For the Six Months Ended
                                                                                                    September 30,
                                                                                      ----------------------------------------
                                                                                            2004                    2003
                                                                                      ----------------        ----------------
Cash flows from operating activities
   Net loss                                                                           $        (96,118)       $        (60,908)
                                                                                      ----------------        ----------------
   Adjustments to reconcile net loss to net cash used in operating activities:
     Depreciation                                                                                3,881                   4,985
     Loss on disposal of investments available-for-sale                                          6,230                      -
     Gain on disposal of real estate held for sale                                              (2,352)                     -
     Gain on trade-in of vehicle                                                                    -                   (4,531)
     Change in assets and liabilities:
       Decrease in accounts receivable                                                          (1,112)                  4,895
                                                                                      ----------------        ----------------
                                                                                                 6,647                   5,349
                                                                                      ----------------        ----------------
         Net cash flows used in operating activities                                           (89,471)                (55,559)
                                                                                      ----------------        ----------------

Cash flows from investing activities
   (Purchase) redemption of certificates of deposit                                            200,000                (375,000)
   Purchase of office furniture, equipment and other                                            (3,685)                (22,342)
   Proceeds from the sale of assets                                                                 -                    6,500
   Purchase of investment available-for-sale                                                   (50,000)                     -
   Proceeds from the sale for investments available-for-sale                                   143,771                      -
   Proceeds from real estate held for sale                                                     300,877                   2,750
                                                                                      ----------------        ----------------

         Net cash flows provided by (used in) investing activities                             590,963                (388,092)
                                                                                      ----------------        ----------------


Net increase (decrease) in cash and cash equivalents                                           501,492                (443,651)

Cash and cash equivalents, beginning of year                                                   264,257                 720,331
                                                                                      ----------------        ----------------

Cash and cash equivalents, end of quarter                                             $        765,749        $        276,680
                                                                                      ================        ================


Supplemental disclosure of cash flow information:

         The change in  unrealized  gain (loss) on  investments  available-for-sale  for the six months  ended  September  30, 2004 and
         September 30, 2003 was $(13,720) and $10,784, respectively.

See notes to unaudited condensed consolidated financial statements.



         Notes to Unaudited Condensed Consolidated Financial Statements


Opinion of Management
---------------------

1. The financial information  furnished reflects all adjustments,  which are, in
the opinion of management, necessary for a fair presentation of the consolidated
financial  position  at  September  30,  2004,  and March 31,  2004,  and of the
condensed  consolidated  statements  of operations  and  condensed  consolidated
statements of cash flows for the three and six months ended  September 30, 2004,
and 2003. The results of operations and statements of cash flows for the periods
presented are not necessarily  indicative of those to be expected for the entire
year.


2. The accompanying  unaudited condensed  consolidated financial statements have
been prepared in accordance with generally  accepted  accounting  principles for
interim  financial  information.  Accordingly,  they do not  include  all of the
information and footnotes required by generally accepted account principles. For
further information refer to the audited  consolidated  financial statements and
notes  thereto for the year ended  March 31,  2004,  included  in the  Company's
10-KSB filed with the Securities and Exchange Commission on July 14, 2004.




Item 2:    Management's Discussion and Analysis of Financial Condition and Results of Operation
-----------------------------------------------------------------------------------------------

Financial Condition, Liquidity and Capital Resources
----------------------------------------------------

The  Company's  cash at September  30, 2004 was $765,749 as compared to cash for
the year ended  March 31,  2004 of  $264,257.  This  increase  of  $501,492  was
attributed to the redemption of $200,000 in certificates of deposit and proceeds
from  the  sale of the  Company's  interest  in a  commercial  lot in  Thornton,
Colorado,   for  approximately   $300,000.  At  September  30,  2004  marketable
securities were $344,685  compared to March 31, 2004 marketable  securities were
$458,406.  The  Company's  investment  in Verizon  Trust  Certificates  was also
redeemed in the period ended September 30, 2004.

Stockholder's  equity  decreased from $1,501,628 at March 31, 2004 to $1,391,790
at September 30, 2004 or $109,838.  The Company  incurred an unrealized  loss on
investments  available-for-sale  for the  period  ended  September  30,  2004 of
$13,720 and a net loss before other comprehensive income of $96,118.

As reported in its Annual  Report of Form 10-KSB for the fiscal year ended March
31,  2004,  Eagle  Development  Company,  a  wholly  owned  subsidiary  of Eagle
Exploration  Company ("the  Company") owns a 25% membership  interest in, and is
co-manager of, Buffalo  Highlands,  LLC, a Colorado  limited  liability  company
formed on August 20, 2001,  ("the LLC"). The LLC owns an option ("First Option")
to  purchase  approximately  420  acres of  undeveloped  land in  Adams  County,
Colorado, immediately north of Denver, Colorado.

The First Option  provided for a $25,000  earnest money payment and five $200,00
option payments from the LLC to the landowners.  The first of these payments was
made in August of 2001,  the second  payment  was made on August 20,  2002,  the
third  payment was made on January 15,  2003,  the fourth  payment was made by a
homebuilder  through the escrow  described  below on January 15,  2004,  and the
remaining  payment is due  December 31,  2004.  The First  Option  period can be
extended  thereafter under certain  conditions  through December 31, 2008 by the
payment  each six months of $100,000  plus  interest.  All option  payments  are
non-refundable.  The earnest money and all option payments may be applied toward
the $5,000,000 purchase price of the land if the First Option is exercised.

In accordance with its plan, the LLC entered into an option  agreement  ("Second
Option")  with  an  unaffiliated   national   homebuilder.   The  Second  Option
essentially  assigned  the First  Option to the  homebuilder,  and  required the
homebuilder,  to the  extent  it  continued,  to  escrow  with a  title  company
semi-annual  payments in the amount of $234,000,  which amount was  subsequently
amended to  $134,000  at the time the second  option  payment was due and may be
applied  to its  purchase  price,  as  consideration  for  the  assignment.  The
homebuilder  also agreed to pay the  remaining  option  payment  under the First
Option and pay all entitlement, zoning and development costs.

On September 3, 2004,  the  homebuilder  notified the LLC that it had elected to
terminate  the  Second  Option and all other  agreements  between  the  parties,
including  an  agreement  with the  project  consultants  whose work to date was
assigned to the LLC.  This work  completed  the  engineering  and planning  with
respect  to the  property  necessary  to submit the PUD zone  document  for city
approval.  The LLC understands  the city staff has recommended  approval of this
document for a planning commission hearing scheduled for September 8, 2004 and a
city council hearing scheduled for November 1, 2004.

The homebuilder also agreed to release $168,000,  which was being held in escrow
to the LLC. The LLC intends to proceed with the scheduled hearings,  and subject
to zoning  approval,  pay the $200,000  option payment due in December 2004, and
begin negotiations with other homebuilders who have expressed an interest in the
property.

There can be no assurance  that the LLC will be  successful  in obtaining all of
the many local,  county and state  approvals,  permits and licenses  required to
commence  development  of the land subject to the option.  In addition,  the LLC
faces risks outside its control,  including,  city approval of final plat, title
defects,  inability to obtain adequate water and sanitation facilities,  general
economic  conditions,  changes in interest  rates and  infrastructure  problems.
Finally,  there  can be no  assurance  that the LLC can find  other  parties  to
develop the property within the time periods remaining under the First Option.

Results of Operations
---------------------

For the Six Months Ended  September  30, 2004,  Compared to the Six Months Ended
September 30, 2003.

For the six months ended  September 30, 2004,  the  Company's  total oil and gas
revenue was $18,819 as  compared to $34,653 for the six months  ended  September
30,  2003.  This  decrease  is  primarily  due to a shut in well.  Other  income
including  interest  and  dividend  income  was  $11,134  for the  period  ended
September 30, 2004 and $16,660 for the period ended September 30, 2003.

Total  expense  for the six months  ended  September  30,  2004 was  $126,071 as
compared to $112,221 for the six months ended  September 30, 2003. This increase
in expense was due to workover costs for a well.  Unrealized loss on investments
available-for-sale  for the period ended  September 30, 2004 was $13,720 and for
the period  ended  September  30,  2003 the Company  had an  unrealized  gain on
investments available-for-sale of $10,784. This resulted in a comprehensive loss
of  $109,838  and  $50,124  for the period  ended  September  30, 2004 and 2003,
respectively.



Item 3:  Controls and Procedures
--------------------------------

As of the end of the period  covered by this  report,  the Company  conducted an
evaluation,  under the supervision and with the  participation  of the principal
executive officer and principal financial officer,  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 (the "Exchange Act"). Based on this evaluation,
the principal  executive officer and principal  financial officer concluded that
the Company's  disclosure  controls and  procedures are effective to ensure that
information  required to be disclosed by the Company in reports that it files or
submits under the Exchange Act is recorded,  processed,  summarized and reported
within the time periods  specified in Securities and Exchange  Commission  rules
and forms.  There was no change in the Company's internal control over financial
reporting  during the Company's most recently  completed fiscal quarter that has
materially  affected or is reasonably  likely to materially affect the Company's
internal control over financial reporting.

In  connection  with the audit of the year ended March 31,  2004,  there were no
"Reportable  Events" within the meaning of Item  304(a)(1)(v) of Regulation S-K.
However,  there is a lack of  segregation  of duties that is  considered to be a
weakness in the  Registrant's  internal  controls  relating  to the  adequacy of
staffing and size of the accounting and finance department.



PART II - OTHER INFORMATION
---------------------------

Item 6.  Exhibits
-----------------------------------------

(a)      Exhibits

Exhibit 31.1  Certification of President and Chief Financial Officer Pursuant to
18 USC Section  1350, as adopted  pursuant to section 302 of the  Sarbanes-Oxley
Act of 2002

Exhibit  31.2  Certification  of  Secretary  and Vice  President  of  Operations
Pursuant  to 18 USC  Section  1350,  as adopted  pursuant  to section 302 of the
Sarbanes-Oxley Act of 2002

Exhibit 32.1  Certification of President and Chief Financial Officer Pursuant to
18 USC Section  1350, as adopted  pursuant to section 906 of the  Sarbanes-Oxley
Act of 2002

Exhibit  32.2  Certification  of  Secretary  and Vice  President  of  Operations
Pursuant  to 18 USC  Section  1350,  as adopted  pursuant  to section 906 of the
Sarbanes-Oxley Act of 2002

(b)  No reports on Form 8-K have been filed during the quarter  ended  September
     30, 2003.





                                   SIGNATURES

     Pursuant to 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 thereunto duly authorized.


                                      EAGLE EXPLORATION COMPANY
                                      (Registrant)


                                      By: /s/ Raymond N. Joeckel
                                          ----------------------
                                          Raymond N. Joeckel
                                          President and Chief Financial Officer


                                      By: /s/ Paul M. Joeckel
                                          -------------------
                                          Secretary and Vice President Operations

Date:    November 15, 2004`