`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 June 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 Street, 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 ___.

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

                   PROCEEDINGS 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 court.

  Yes   X   No __.

     Indicate the number of shares  outstanding of each of the issuer's  classed
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 - March 31, 2004, and June 30, 2004 (Unaudited)

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

Unaudited Condensed Consolidated Statement of Cash Flows - Three Months Ended June 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 - Disclosure Controls and Procedures

PART II

Item 6.  Exhibits and reports on Form 8-K


SIGNATURES





                   EAGLE EXPLORATION COMPANY AND SUBSIDIARIES

PART I   FINANCIAL INFORMATION

Item 1

                      Condensed Consolidated Balance Sheets


                                                                                        June 30,     March 31,
                                                                                         2004          2004
                                                                                     -----------    -----------
                                                                                                    (Unaudited)
                                                             Assets
Current assets
   Cash and cash equivalents .....................................................   $   526,319    $   264,257
   Certificates of deposits ......................................................             0        200,000
   Marketable securities .........................................................       334,259        458,406
   Accounts receivable ...........................................................         3,532          4,891
                                                                                     -----------    -----------
         Total current assets ....................................................       864,110        927,554
                                                                                     -----------    -----------

Non-current assets
   Office furniture, equipment and other, net of accumulated depreciation of
    $195,408 and $196,882 at March 31, 2004 and June 30, 2004, respectively ......        55,451         56,925
   Real estate held for sale .....................................................       298,525        298,525
   Investment in option to purchase real estate ..................................       212,739        212,739
   Other assets ..................................................................        24,837         24,837
                                                                                     -----------    -----------
         Total non-current assets ................................................       591,552        593,026
                                                                                     -----------    -----------

Total assets .....................................................................   $ 1,455,662    $ 1,520,580
                                                                                     ===========    ===========

                                              Liabilities and Stockholders' Equity
Current liabilities
   Accounts payable ..............................................................   $     7,565    $     7,565
   Accrued expenses ..............................................................        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 ...........................................................    (5,217,000)    (5,176,228)
   Unrealized gain on investments available-for-sale .............................        20,712         44,858
                                                                                     -----------    -----------
         Total stockholders' equity ..............................................     1,436,710      1,501,628
                                                                                     -----------    -----------

Total liabilities and stockholders' equity .......................................   $ 1,455,662    $ 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
                                                                            June 30,
                                                                    --------------------------
                                                                        2004          2003
                                                                    -----------    -----------
Revenues
   Oil and gas ..................................................   $     6,135    $    19,926
                                                                    -----------    -----------
       Total revenue ............................................         6,135         19,926
                                                                    -----------    -----------

Expenses
   Depreciation .................................................         1,474          1,926
   General and administrative expenses ..........................        52,280         50,531
                                                                    -----------    -----------
       Total expense ............................................        53,754         52,457
                                                                    -----------    -----------

Loss from operations ............................................       (47,619)       (32,531)
                                                                    -----------    -----------

Other income
   Interest and dividend income .................................        13,077         10,462
   Realized gain (loss) on sale of investments available-for-sale        (6,230)             0
   Miscellaneous income .........................................             0          4,531
                                                                    -----------    -----------
       Total other income .......................................         6,847         14,993
                                                                    -----------    -----------

Net loss before other comprehensive income (loss) ...............       (40,772)       (17,538)
                                                                    -----------    -----------

Other comprehensive income (loss)
   Unrealized gain (loss) on investments available-for-sale .....       (24,146)        19,824
                                                                    -----------    -----------
       Total other comprehensive income (loss) ..................       (24,146)        19,824
                                                                    -----------    -----------

Comprehensive gain (loss) .......................................   $   (64,918)   $     2,286
                                                                    ===========    ===========

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

Basic and diluted loss per common share .........................   $      (.01)   $     (.005)
                                                                    ===========    ===========


       See notes to unaudited condensed consolidated financial statements.




                   EAGLE EXPLORATION COMPANY AND SUBSIDIARIES

            Unaudited Condensed Consolidated Statements of Cash Flows


                                                                               For the Three Months Ended
                                                                                       June 30,
                                                                                 ----------------------
                                                                                   2004         2003
                                                                                 ---------    ---------
Cash flows from operating activities
   Net loss ..................................................................   $ (40,772)   $ (17,538)
   Adjustments to reconcile net loss to net cash used in operating activities:
     Depreciation ............................................................       1,474        1,926
     Loss on disposal of investments available for sale ......................       6,230            0
     Gain on sale of assets ..................................................           0       (4,531)
     Change in assets and liabilities:
       Decrease in accounts receivable .......................................       1,359        4,300
                                                                                 ---------    ---------
                                                                                     9,063        1,695
                                                                                 ---------    ---------
         Net cash flows used in operating activities .........................     (31,709)     (15,843)
                                                                                 ---------    ---------


Cash flows from investing activities
   (Purchase) redemption of certificates of deposit ..........................     200,000     (375,000)
   Proceeds from the sale of assets ..........................................           0        6,500
   Purchase of investments available-for-sale ................................     (50,000)           0
   Proceeds from the sale of investments available-for-sale ..................     143,771            0
                                                                                 ---------    ---------
         Net cash flows provided by (used in) investing activities ...........     293,771     (368,500)
                                                                                 ---------    ---------

Net increase (decrease) in cash and cash equivalents .........................     262,062     (384,343)

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

Cash and cash equivalents, end of quarter ....................................   $ 526,319    $ 335,988
                                                                                 =========    =========

Supplemental disclosure of cash flow information:
     The change in unrealized gain (loss) on investments  available for sale for
     the three  months ended June 30, 2004 and June 30, 2003 was  $(24,146)  and
     $19,824, respectively.



       See notes to unaudited condensed consolidated financial statements.




                   EAGLE EXPLORATION COMPANY AND SUBSIDIARIES

         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
     financial  position  at June 30,  2004,  and  March  31,  2004,  and of the
     condensed consolidated  statements of operations and condensed consolidated
     statements of cash flows for the three months ended June 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 and pursuant to rules and regulations of
     the Securities and Exchange  Commission.  Accordingly,  they do not include
     all of  the  information  and  footnotes  required  by  generally  accepted
     accounting  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 June 30, 2004 was  $526,319 as compared to cash for
the year ended March 31, 2004 of $264,257. At year-end, the Company had $200,000
in certificates of deposit.  These certificates  matured during the period ended
June 30, 2004. Marketable securities at March 31, 2004 were $458,406 and at June
30, 2004  marketable  securities  were  $334,259.  The  Company's  investment in
Verizon Trust Certificates was also redeemed in the first quarter

     Stockholders'  equity  decreased  from  $1,501,628  at  March  31,  2004 to
$1,436,710 at June 30, 2004 or $64,918.  The Company incurred an unrealized loss
on investments  available-for-sale for the period ended June 30, 2004 of $24,146
and a net loss before other comprehensive income of $40,772.


Results of Operations

For the Three  Months  Ended June 30,  2004,  Compared to the Three Months Ended
June 30, 2003.

     For the three months ended June 30, 2004, the Company's oil and gas revenue
was $6,135 as compared to $19,926 for the three months ended June 30, 2004. This
decrease is primarily  due to a well shut in. Other income,  including  interest
and dividend income and realized gain on sale of investments  available-for-sale
was $6,847 for the period  ended June 30, 2004 and $14,993 for the period  ended
June 30, 2003.

     Total  expense for the three  months  ended June 30,  2004,  was $53,754 as
compared to $52,457 for the three months ended June 30, 2003. Unrealized loss on
investments  available-for-sale  was $24,146 for the period ended June 30, 2004,
and an unrealized  gain on  investments  available-for-sale  was $19,824 for the
period ended June 30, 2003. This resulted in a comprehensive loss of $64,918 for
the period ended June 30, 2004 and a comprehensive gain of $2,286 for the period
ended June 30, 2003.





Item 3 - Disclosure 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.

PART II

Item 6.  Exhibits and reports on Form 8-K

      (a) Exhibits

Exhibit 31.1  Certification of  President/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/Vice  President  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/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/Vice  President  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 June 30, 2004.




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/Chief Financial Officer



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

Date:    August 16, 2004`