`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 December 31, 2002

[   ] 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)

              1630 Welton Street, Suite 530, 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
                                                                 ---    ---


                   EAGLE EXPLORATION COMPANY AND SUBSIDIARIES


         INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS



PART I      FINANCIAL INFORMATION

Item 1      Condensed Consolidated Balance Sheets -
             March 31, 2002, and December 31, 2002 (Unaudited)

            Unaudited Condensed Consolidated Statements of Operations -
             Three and Nine Months Ended December 31, 2002 and 2001

            Unaudited Condensed Consolidated Statements of Cash Flows -
             Nine Months Ended December 31, 2002 and 2001

            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



                         EAGLE EXPLORATION COMPANY AND SUBSIDIARIES



PART I     FINANCIAL INFORMATION

Item 1

                           Condensed Consolidated Balance Sheets


                                                           December 31,      March 31,
                                                               2002            2002
                                                           -----------      ----------
                                                           (Unaudited)
                                         Assets
Current assets
  Cash and cash equivalents                                 $  586,269      $  661,251
  Short term investments                                       344,203         421,794
  Certificates of deposit                                      194,000         297,043
  Accounts receivable                                           10,923           5,875
                                                            ----------      ----------
     Total current assets                                    1,135,395       1,385,963

Office furniture, equipment and other, net of
 accumulated depreciation of $233,050 and $248,328 at
 December 31, 2002 and March 31, 2002, respectively             43,875          24,102
Real estate held for sale                                      301,275         301,275
Investment in option to purchase real estate                   144,000          74,000
Other assets                                                    26,637          26,637
                                                            ----------      ----------

Total assets                                                $1,651,182      $1,811,977
                                                            ==========      ==========

                          Liabilities and Stockholders' Equity
Current liabilities
  Accounts payable                                          $   11,816      $   15,380
  Deposits, deferred revenue and other                           8,148           8,148
                                                            ----------      ----------
      Total current liabilities                                 19,964          23,528
                                                            ----------      ----------

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                                       (4,265,301)     (4,185,661)
  Unrealized  holding loss on investments  available for
   sale                                                       (736,479)       (658,888)
                                                            ----------      ----------
                                                             1,631,218       1,788,449
                                                            ----------      ----------

Total liabilities and stockholders' equity                  $1,651,182      $1,811,977
                                                            ==========      ==========


            See notes to unaudited condensed consolidated financial statements.



                 Unaudited Condensed Consolidated Statements of Operations


                                      For the Three                  For the Nine
                                       Months Ended                  Months Ended
                                       December 31,                  December 31,
                                 -------------------------     -------------------------
                                    2002           2001           2002           2001
                                 -----------    ----------     ----------     ----------
Revenue
  Interest and dividend
   income                        $    12,077    $   22,579     $   29,246     $   56,951
  Other income                        10,890        18,378         44,661         60,664
                                 -----------    ----------     ----------     ----------
   Total revenue                      22,967        40,957         73,907        117,615
                                 -----------    ----------     ----------     ----------

Expenses
  Depreciation                         2,325         2,836          6,975          8,508
  Other operating expense             49,448        48,377        146,572        144,834
                                 -----------    ----------     ----------     ----------
   Total expense                      51,773        51,213        153,547        153,342
                                 -----------    ----------     ----------     ----------

Net loss                         $   (28,806)   $  (10,256)    $  (79,640)    $  (35,727)
                                 ===========    ==========     ==========     ==========

Other comprehensive income
  Unrealized gain (loss) on
   investments
   available-for-sale                 (7,339)        2,088        (77,591)      (570,082)
                                 -----------    ----------      ---------     ----------

Comprehensive (loss) income      $   (36,145)   $   (8,168)    $ (157,231)    $ (605,809)
                                 ===========    ==========     ==========     ==========

Basic and diluted net loss
 per share                       $     (0.01)   $   (0.003)    $    (0.03)    $    (0.01)
                                 ===========    ==========     ==========     ==========

Weighted average number of
 shares outstanding                3,072,836     3,072,836      3,072,836      3,072,836
                                 ===========    ==========     ==========     ==========

      See notes to unaudited condensed consolidated financial statements.



                         EAGLE EXPLORATION COMPANY AND SUBSIDIARIES

                 Unaudited Condensed Consolidated Statements of Cash Flows


                                                             For the Nine Months Ended
                                                                   December 31,
                                                           ----------------------------
                                                               2002            2001
                                                           ------------    ------------
Cash flows from operating activities
  Net loss                                                 $    (79,640)   $    (35,727)
                                                           ------------    ------------
  Adjustments to reconcile net loss to net cash used in
   operating activities:
   Depreciation                                                   6,975           8,508
   Change in assets and liabilities:
     Increase in accounts receivable                             (5,048)         (4,263)
     Decrease in accounts payable                                (3,564)        (13,598)
                                                           ------------    ------------
                                                                 (1,637)         (9,353)
                                                           ------------    ------------
      Net cash flows used in operating activities               (81,277)        (45,080)
                                                           ------------    ------------

Cash flows from investing activities
  Redemption of certificates of deposit, net                    103,043              -
  Purchases of office furniture and equipment                   (26,748)         (1,031)
  Purchase of investment in option to purchase real
   estate                                                       (70,000)        (74,000)
  Proceeds from sale of investments available-for-sale               -          218,284
                                                           ------------    ------------
      Net cash flows used in investing activities                 6,295         143,253
                                                           ------------    ------------

Net decrease in cash and cash equivalents                       (74,982)         98,173

Cash and cash equivalents, beginning of year                    661,251         839,864
                                                           ------------    ------------

Cash and cash equivalents, end of quarter                  $    586,269    $    938,037
                                                           ============    ============

Supplemental disclosure of cash flow information:

     The change in unrealized (loss) on investments  available-for-sale  for the
     nine months ended December 31, 2002 and December 31, 2001 was $(77,591) and
     $(570,082), 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  December  31,  2002  and  March  31,  2002  and of  the  condensed
consolidated  statements of operations and condensed consolidated  statements of
cash flows for the three and nine months ended  December 31, 2002 and 2001.  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 accounting  principles.
For further information refer to the audited  consolidated  financial statements
and notes  thereto for the year ended March 31, 2002,  included in the Company's
10-KSB filed with the Securities and Exchange Commission on June 28, 2002.

Stockholders' Equity

In July 2002,  the  Company  issued  options to purchase  275,000  shares of the
Company's common stock to the two officers of the Company and one employee.  The
options  were  issued at market  value on the date of grant  with a term of five
years.




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


Financial Condition, Liquidity and Capital Resources

Cash and cash equivalents and certificates of deposit  decreased during the nine
months ended  December 31, 2002 to $780,269 as compared to $958,294 at March 31,
2002.  This decrease is primarily due to the  Company's  operating  costs and an
investment in the option to purchase real estate in the amount of $70,000.

Stockholders'  equity  decreased from $1,788,449 at March 31, 2002 to $1,631,218
at December 31, 2002 or $157,231.  The Company  incurred an  unrealized  loss on
investments  available-for-sale  of $77,591 and a net operating  loss of $79,640
for the period ended December 31, 2002.


Results of Operations

For the Nine Months Ended  December 31, 2002,  Compared to the Nine Months Ended
December 31, 2001.

For the nine months ended  December 31, 2002,  the  Company's  total revenue was
$73,907 as compared to $117,615  for the nine months  ended  December  31, 2001.
This decrease in income is primarily  due to the Company's  decrease in cash and
cash  equivalents and the interest and dividend income derived from those assets
along with lower interest rates.

Total  expense for the nine months  ended  December  31,  2002,  was $153,547 as
compared to $153,342  for the nine months ended  December  31, 2001.  Unrealized
losses on investments  available-for-sale were $77,591 and $570,082 for the nine
months  ended  December  31,  2002 and 2001,  respectively.  This  resulted in a
comprehensive  loss of $157,231 and $605,809 for the nine months ended  December
31, 2002 and 2001, respectively.


Item 3:  Controls and Procedures

The Company, under the supervision of the chief executive and financial officer,
has conducted an evaluation of the  effectiveness of the design and operation of
the Company's  disclosure  controls and procedures  within 90 days of the filing
date of this quarterly  report.  Based upon the results of this evaluation,  the
Company believes that they maintain proper  procedures for gathering,  analyzing
and  disclosing  all  information  in a timely  fashion  that is  required to be
disclosed in its Exchange Act reports. There have been no significant changes in
the Company's controls subsequent to the evaluation date.



PART II     OTHER INFORMATION

Item 6.           Exhibits and Reports on Form 8-K

(a) Exhibit 99.1  Certification of Principal Executive and Accounting and Financial
                  Officer, Raymond N. Joeckel, pursuant to 18 U.S.C. Section 1350



                                   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
                                    Paul M. Joeckel
                                    Secretary/Vice President Operations

Date: February 13, 2003



                                  CERTIFICATION

I, Raymond N. Joeckel, certify that:

1.   I have reviewed this quarterly  report on Form 10-QSB of Eagle  Exploration
     Company and subsidiaries;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     (a)  designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     (b)  evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     (c)  presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent functions):

     (a)  all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     (b)  any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Date: February 13, 2003                /s/ Raymond N. Joeckel
                                       Raymond N. Joeckel
                                       Title: Director, Principal Executive and
                                              Accounting and Financial Officer`