SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549


                                FORM 10-QSB


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

              For the Quarterly Period Ended August 31, 2001

                      Commission File Number 1-14809

                            GOLD & GREEN, INC.
     (Exact name of registrant as specified in its corporate charter)


                Nevada                         11-34543389
   (State or other jurisdiction of    (IRS Employer Identification No.)
  incorporation or organization)


                 334 Main Street Port Washington, NY 11050
                 (Address of principal executive offices)

                              (516) 944-0789
           (Registrant's telephone number, including area code)

Indicate  by  check mark whether the 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 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.

                          _X__ Yes        ___ No

     State the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date.


          Class                 Outstanding as of August 31, 2001
     Common Stock                       20,440,000









                      PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements.






                     GOLD & GREEN, INC. AND SUBSIDIARY
                       [A Development Stage Company]

           UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

                              AUGUST 31, 2001







<PAGE>




                     GOLD & GREEN, INC. AND SUBSIDIARY
                       [A Development Stage Company]




                                 CONTENTS

                                                             PAGE

  -    Unaudited Condensed Consolidated Balance
         Sheets, August 31, 2001 and November 30, 2000          2


  -    Unaudited Condensed Consolidated Statements of
         Operations, for the three and nine months ended
         August 31, 2001 and for the period from inception
         on June 4, 1995 through August 31, 2001            3 - 4


  -    Unaudited Condensed Consolidated Statements of
         Cash Flows, for the nine months ended
         August 31, 2001 and for the period from inception
         on June 4, 1995 through August 31, 2001                5


  -    Notes to Unaudited Condensed Consolidated Financial
         Statements                                        6 - 10



<PAGE>




                     GOLD & GREEN, INC. AND SUBSIDIARY
                       [A Development Stage Company]

              UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

                                  ASSETS

                                     August 31,  November 30,
                                        2001         2000
                                    ___________  ___________
CURRENT ASSETS:
  Cash                               $        -   $      499
                                    ___________  ___________
        Total Current Assets         $        -   $      499
                                   ____________ ____________

                   LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accounts payable                   $    3,586   $    1,033
  Accounts payable - related party        2,235          100
  Accrued expenses                        8,627          938
  Convertible note payable               65,000       25,000
                                    ___________  ___________
        Total Current Liabilities        79,448       27,071
                                    ___________  ___________
STOCKHOLDERS' EQUITY:
  Common stock, $.001 par value,
   25,000,000 shares authorized,
   20,440,000 shares issued and
   outstanding                           20,440       20,440
  Capital in excess of par value         14,958       14,958
  Deficit accumulated during the
    development stage                 (114,846)     (61,970)
                                    ___________  ___________
        Total Stockholders' Equity     (79,448)     (26,572)
                                    ___________  ___________
                                     $        -   $      499
                                   ____________ ____________







NOTE:   The balance sheet at November 30, 2000 was taken from the audited
     financial statements at that date and condensed.

 The accompanying notes are an integral part of these unaudited condensed
                    consolidated financial statements.


-2-
<PAGE>





                     GOLD & GREEN, INC. AND SUBSIDIARY
                       [A Development Stage Company]


         UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


                     For the Three        For the Nine  From Inception
                      Months Ended        Months Ended    on June 4,
                       August 31,          August 31,    1995 Through
                  ___________________ ___________________ August 31,
                     2001      2000      2001      2000      2001
                  _________ _________ _________ _________ __________
REVENUE            $      -  $      -  $      -  $      -  $       -
                  _________ _________ _________ _________ __________
EXPENSES:
  General and
    administrative   11,254    11,434    45,164    11,434     80,661
                  _________ _________ _________ _________ __________
LOSS FROM
  OPERATIONS        (11,254)  (11,434)  (45,164)  (11,434)   (80,661)

OTHER EXPENSES
  Interest expense    2,717         -     7,712         -      8,650
                  _________ _________ _________ _________ __________
LOSS BEFORE INCOME
  TAXES             (13,971)  (11,434)  (52,876)  (11,434)   (89,311)

CURRENT TAX
  EXPENSE                 -         -         -         -          -

DEFERRED TAX
  EXPENSE                 -         -         -         -          -
                  _________ _________ _________ _________ __________
LOSS FROM
  CONTINUING
  OPERATIONS        (13,971)        -   (52,876)  (11,434)   (89,311)

LOSS FROM
  DISCONTINUED
  OPERATIONS
  (Net of $0 in
  income taxes)           -         -         -    (1,208)   (24,535)

CUMULATIVE EFFECT
  OF CHANGE IN
  ACCOUNTING
  PRINCIPLE               -         -         -         -     (1,000)
                  _________ _________ _________ _________ __________
NET LOSS           $(13,971) $(11,434) $(52,876) $(12,642) $(114,846)
                  _________ _________ _________ _________ __________


                                [Continued]

-3-
<PAGE>






                     GOLD & GREEN, INC. AND SUBSIDIARY
                       [A Development Stage Company]


         UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


                                [Continued]


                     For the Three        For the Nine  From Inception
                      Months Ended        Months Ended    on June 4,
                       August 31,          August 31,    1995 Through
                  ___________________ ___________________ August 31,
                     2001      2000      2001      2000      2001
                  _________ _________ _________ _________ _________
LOSS PER COMMON
  SHARE:
  Continuing
    operations     $  (.00) $   (.00) $   (.00) $   (.00) $   (.01)
  Discontinued
    operations           -      (.00)        -         -      (.00)
  Change in
    accounting
    principle            -         -         -         -      (.00)
                  _________ _________ _________ _________ _________
LOSS PER COMMON
  SHARE            $  (.00) $   (.00) $   (.00) $   (.00) $   (.01)
                 __________ _________ _________ _________ _________










 The accompanying notes are an integral part of these unaudited condensed
                    consolidated financial statements.


-4-
<PAGE>





                     GOLD & GREEN, INC. AND SUBSIDIARY
                       [A Development Stage Company]

         UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                              For the Nine  From Inception
                                              Months Ended    on June 4,
                                               August 31,   1995 Through
                                         ____________________ August 31,
                                            2001       2000      2001
                                         __________ _________ __________
Cash Flows (Used) by Operating
  Activities:
 Net loss                                $ (52,876) $(12,642) $(114,846)
 Adjustments to reconcile net
   loss  to net cash used
   by operating activities:
   Non-cash expense                              -    10,140     10,140
   Changes in assets and liabilities:
     Increase (decrease) in
       accounts payable                      2,553    (2,902)     3,586
     Increase (decrease) in accounts
       payable - related party               2,135       151      2,235
     Increase in accrued expenses            7,689         -      8,627
                                         __________ _________ __________
        Net Cash (Used) by
          Operating Activities             (40,499)   (5,253)   (90,258)
                                         __________ _________ __________
Cash Flows From Investing Activities:            -         -          -
                                         __________ _________ __________
Cash Flows From Financing Activities:
 Proceeds from common stock Issuance             -         -     31,000
 Payment of stock offering costs                 -         -     (7,906)
 Capital contributed by shareholder              -     2,164      2,164
 Proceeds from convertible notes payable    40,000         -     65,000
                                         __________ _________ __________
        Net Cash Provided by
          Investing Activities              40,000     2,164     90,258
                                         __________ _________ __________
Net Increase in Cash                          (499)   (3,089)         -

Cash at Beginning of Period                    499     3,089          -
                                         __________ _________ __________
Cash at End of Period                     $      -   $     -   $      -
                                         __________ _________ __________
Supplemental Disclosures of Cash Flow Information:
 Cash paid during the period for:
   Interest                               $      -   $     -   $      -
   Income taxes                           $      -   $     -   $      -

Supplemental Schedule of Noncash Investing and Financing Activities:
 For the Period Ended August 31, 2001
   None

 For the Period Ended August 31, 2000
   None








 The accompanying notes are an integral part of these unaudited condensed
                    consolidated  financial statements.


-5-
<PAGE>




                     GOLD & GREEN, INC. AND SUBSIDIARY
                       [A Development Stage Company]

      NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Organization  -  Gold & Green, Inc. (the Company) was organized  under  the
  laws  of  the  State of Nevada on June 4, 1995.  It originally  planned  to
  develop  and pursue patent protection for novelty items for the  automotive
  industry.  During July 2000, the company discontinued operations  upon  the
  resignation  of  the  former officers and the sale by  the  officers  of  a
  controlling  interest of the Company common stock to the  new  Officer  and
  Director (See Note 3).

  On  August  8,  2000, the Company formed a wholly owned  subsidiary,  Royal
  Energy Corporation ("Subsidiary") and appointed Dr. O'Brein as Royal's sole
  officer  and director.  Additionally, the Board approved the employment  of
  Kathleen Casale as the Subsidiary's Director of Marketing and Thomas Gordon
  as  Subsidiary's Director of Sales.  The business of the Subsidiary will be
  to implement and operate a business to business energy concern that brokers
  and  markets  electricity,  natural  gas  and  other  energy  products  and
  services.   Current  Management has spent extensive  time  researching  and
  developing this plan, which Management feels is now ready to market.

  The  Company  has  not generated significant revenues and is  considered  a
  development  stage company as defined in Statement of Financial  Accounting
  Standards (SFAS) No. 7.

  Consolidated - The consolidated financial statement include the accounts of
  the  Company  and  its wholly-owned subsidiary, Royal Energy,  Corporation.
  All   significant  intercompany  transactions  have  been   eliminated   in
  consolidation.

  Organization Costs - The Company has expensed its organization costs, which
  reflect  amounts expended to organize the Company, in accordance  with  the
  Financial Accounting Standards Board's Statement of Position 98-5.

  Loss Per Share - The computation of loss per share is based on the weighted
  average  number  of  shares  outstanding during  the  period  presented  in
  accordance  with  Statement  of  Financial Accounting  Standards  No.  128,
  "Earnings Per Share".  [See Note 6]

  Cash  and Cash Equivalents - For purposes of the financial statements,  the
  Company  considers  all  highly liquid debt investments  purchased  with  a
  maturity of three months or less to be cash equivalents.

  Recently  Enacted Accounting Standards - Statement of Financial  Accounting
  Standards  ("SFAS")  No. 140, "Accounting for Transfers  and  Servicing  of
  Financial Assets and Extinguishments of Liabilities - a replacement of FASB
  Statement  No. 125", SFAS No. 141, "Business Combinations", SFAS  No.  142,
  "Goodwill  and Other Intangible Assets", and SFAS No. 143, "Accounting  for
  Asset  Retirement Obligations", were recently issued.  SFAS No.  140,  141,
  142,  and 143 have no current applicability to the Company or their  effect
  on the financial statements would not have been significant.


-6-
<PAGE>





                     GOLD & GREEN, INC. AND SUBSIDIARY
                       [A Development Stage Company]

      NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]

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

NOTE 2 - DISCONTINUED OPERATIONS

  During July 2000, The Company's management decided to abandon the Company's
  original  business  plan of developing and pursuing patent  protection  for
  novelty  items for the automotive industry.  The Company also  intended  to
  manufacture  and market its inventions and to seek a merger or  acquisition
  with an existing business.

NOTE 3 - CAPITAL STOCK

  Common  Stock - In October 1998, the Company issued 300,000 shares  of  its
  previously authorized, but unissued common stock.  Proceeds from  the  sale
  of  stock  amounted to $22,094 (or $.10 per share), net of  stock  offering
  costs of $7,906.

  On  June 21, 1995, in connection with its organization, the Company  issued
  10,000,000 shares of its previously authorized, but unissued common  stock.
  Total proceeds from the sale of stock amounted to $1,000.

  On November 12, 1999, the Company's board of directors approved a 10 for  1
  forward  stock-split for shareholders of record on November 12, 1999.   The
  financial  statements  for  all periods presented  have  been  restated  to
  reflect the stock-split.

  On  July  31,  2000, the Company's former president, director and  majority
  shareholder  as  well  as  the  Company's former  secretary,  director  and
  shareholder  executed  an  agreement  with  Roger  Piacentini  to  transfer
  5,975,000  shares or 58% of the outstanding shares of common stock  of  the
  Company owned by the former president and the former secretary.  The  terms
  of  the agreement required the former officers and directors to resign  and
  appoint Mr. Piacentini as Sole officer and director.

  On  August  7,  2000 the shareholders amended the articles of incorporation
  increasing  the authorized common shares, par value $.001, from  25,000,000
  to 100,000,000.

  During  August  2000, pursuant to a meeting of the new board of  directors,
  Dr.  John  O'Brien accepted appointment as Vice President and Director  and
  was  issued 10,100,000 shares of the Company's common stock in lieu of cash
  compensation,  valued at $10,100, resulting in Dr. O'Brien's  ownership  of
  49%  of the issued and outstanding common stock of the Company and reducing
  Piacentini's ownership to 29%.

  During  August  2000, the Company issued 40,000 shares of common  stock  to
  employees of the Company in lieu of cash compensation valued at $40.


-7-
<PAGE>





                     GOLD & GREEN, INC. AND SUBSIDIARY
                       [A Development Stage Company]

      NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 4 - RELATED PARTY TRANSACTIONS

  Contribution  Capital  - A former shareholder of the  Company  forgave  the
  Company  of  $2,164 in advances which has been accounted for as  a  capital
  contribution.

  Professional  Services - The principal shareholders  are  officers  of  the
  Company  who  also  provide  professional and managerial  services  to  the
  Company.

  Rent - The Company maintains, rent free, a mailing address at the office of
  one of its officers.

  Accounts  Payable - As of August 31, 2001, an officer of  the  Company  has
  lent the Company a total of $2,235 to pay expenses.

NOTE 5 - INCOME TAXES

  The  Company  accounts  for income taxes in accordance  with  Statement  of
  Financial Accounting Standards No. 109 "Accounting for Income Taxes".  SFAS
  No.  109 requires the Company to provide a net deferred tax asset/liability
  equal  to  the  expected future tax benefit/expense of temporary  reporting
  differences  between  book  and tax accounting methods  and  any  available
  operating  loss  or  tax credit carryforwards.  At  August  31,  2001,  the
  Company  has available unused operating loss carryforwards of approximately
  $114,000,  which  may be applied against future taxable  income  and  which
  expire in 2019 through 2021.

  The  amount of and ultimate realization of the benefits from the  operating
  loss carryforwards for income tax purposes is dependent, in part, upon  the
  tax  laws  in effect, the future earnings of the Company, and other  future
  events,  the  effects  of  which  cannot be  determined.   Because  of  the
  uncertainty  surrounding  the realization of  the  loss  carryforwards  the
  Company  has established a valuation allowance equal to the tax  effect  of
  the  loss  carryforwards and, therefore, no deferred  tax  asset  has  been
  recognized  for  the  loss carryforwards.  The net deferred  tax  asset  is
  approximately  $38,700 as of August 31, 2001, with an offsetting  valuation
  allowance  of  the  same  amount resulting in a  change  in  the  valuation
  allowance of approximately $3,400 for the year ended August 31, 2001.  As a
  result  of  the  change in control of the Company the  net  operating  loss
  carryover  of  approximately  $26,700 were  loss  and  offset  against  the
  allowance.

-8-
<PAGE>




                     GOLD & GREEN, INC. AND SUBSIDIARY
                       [A Development Stage Company]

      NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 6 - LOSS PER SHARE
  The  following data show the amounts used in computing loss per  share  for
  the periods presented.
                          For the Three          For the Nine    From Inception
                           Months Ended          Months Ended      on June 4,
                            August 31,             August 31,     1995 Through
                       ____________________ ______________________ August 31,
                          2001       2000       2001       2000       2001
                       __________ __________ __________ __________ __________
 Loss from continuing
   operations available
   to common
   shareholders
   (numerator)         $ (13,971) $ (11,434) $ (52,876) $ (11,434) $ (89,311)
                       __________ __________ __________ __________ __________
 Loss from
   discontinued
   operations          $       -  $       -  $       -  $  (1,208) $ (24,535)
                       __________ __________ __________ __________ __________
 Cumulative effect
  of change in
  accounting
  principle
  (numerator)          $       -  $       -  $       -  $       -  $  (1,000)
                       __________ __________ __________ __________ __________
 Weighted average
   shares outstanding
   used in loss
   per share for the
   period
   (denominator)       20,440,000 13,606,522 20,440,000 11,406,182 11,822,281
                       __________ __________ __________ __________ __________

  Dilutive earnings per share was not presented, as the Company had no common
  equivalent  shares  for  all  periods  presented  that  would  effect   the
  computation of diluted earnings (loss) per share.

NOTE 7 - GOING CONCERN

  The accompanying financial statements have been prepared in conformity with
  generally accepted accounting principles, which contemplate continuation of
  the  Company as a going concern.  However, the Company has incurred  losses
  since  its  inception,  and  has not yet been  successful  in  establishing
  profitable  operations.   Further the Company has  current  liabilities  in
  excess  of current assets. These factors raise substantial doubt about  the
  ability  of  the Company to continue as a going concern.  In  this  regard,
  management  is  proposing  to  raise any  necessary  additional  funds  not
  provided by operations through loans and/or through additional sales of its
  common stock.  There is no assurance that the Company will be successful in
  raising this additional capital or in achieving profitable operations.  The
  financial statements do not include any adjustments that might result  from
  the outcome of these uncertainties.

NOTE 8 - CONVERTIBLE NOTE PAYABLE

  At August 31, 2001, a venture capital group had loaned the Company $65,000.
  The unsecured convertible notes payable bear interest at 18%, are due March
  1,  2001, and are convertible into common stock of the Company at $1.00 per
  share.



-9-
<PAGE>



                     GOLD & GREEN, INC. AND SUBSIDIARY
                       [A Development Stage Company]

      NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 9 - MARKETING AGREEMENT

  During  October  2000,  the  Company entered into  a  definitive  marketing
  agreement  with  an  Ohio  licensed  utilities  supplier  under  which  the
  Company's  subsidiary is a marketing and sales agent for  the  supplier  in
  certain  areas of Ohio. The term of the agreement is for two years with  an
  automatic one year renewal unless cancelled by either party 120 days before
  the  expiration of the agreement.  The Company's subsidiary will receive  a
  commission  from their sales based on a percentage of the net profits.   In
  connection  with  the  agreement  the Company  granted  the  Ohio  licensed
  utilities  supplier an option to purchase a 10% interest of  the  Company's
  Subsidiary's  outstanding common stock at $.001 per share.  The  option  is
  exercisable for one year from the signing of the agreement and expires upon
  termination of the agreement.

NOTE 10 - SUBSEQUENT EVENT

  On  September  4,  2001, officers of the company contributed  back  to  the
  company 8,037,500 common shares valued at $8,038.

-10-
<PAGE>




Item 2. Management's Discussion and Analysis or Plan of Operation.

      Certain statements contained with this report may be deemed "forward-
looking statements" within the meaning of Section 27A of the Securities Act
of  1933,  as  amended, and Section 21E of the Securities Exchange  Act  of
1934,  as amended (collectively, the "Private Securities Litigation  Reform
Act  of  1995").  All statements in this report other than a  statement  of
historical fact are forward- looking statements that are subject  to  known
and unknown risks, uncertainties and other factors which could cause actual
results  and  performance  of the Company to differ  materially  from  such
statements. The words "believe," "expect," "anticipate," "intend,"  "will,"
and  similar  expressions identify forward-looking  statements.  While  the
Company   believes  the  expectations  reflected  in  such  forward-looking
statements are reasonable, it can give no assurance such expectations  will
prove  to  have been correct.  Forward-looking statements contained  herein
relate to, among other things:

-    ability or inability to create and improve operations and become
     profitable on an annualized  basis;
-    anticipated financial performance;
-    ability to comply with the Company's general working capital
     requirements;
-    ability to generate sufficient cash flow from operations to fund all
     costs of operations; and
-    all other statements which are not statements of historical fact.

     While the Company believes the expectations reflected in such forward-
looking   statements  are  reasonable,  it  can  give  no  assurance   such
expectations  will  prove to have been correct.  There  are  a  variety  of
factors  which could cause future outcomes to differ materially from  those
described in this report, including, but not limited to:

-    general economic conditions;
-    inability to collect in a timely manner a material amount of
     receivables;
-    material reduction in revenues;
-    increased competitive pressures;
-    management retention and development;
-    the requirement to use internally generated funds for purposes not
     presently anticipated;
-    the inability to become profitable or if not profitable, the inability
     to secure additional  liquidity in the form of additional equity or debt;

    The  Company  undertakes no obligations to update  any  forward-looking
statement,  whether  as  a  result of new  information,  future  events  or
otherwise

Plan of Operation
     Royal  Energy Corp. ("Royal"), the Company's subsidiary is  continuing
to  look for marketing opportunities in the retail natural gas and electric
markets  by  analyzing  the  various stages of  deregulation  in  different
States, including Texas, Ohio, New York, New Jersey and Pennsylvania. Royal
is  awaiting  NASD  approval for trading on the Over the  Counter  Bulletin
Board  and has been unable to raise additional capital.  It is management's
opinion that once NASD approval is achieved, the Company should be able  to
raise the additional capital necessary to begin delivering electricity  and
natural gas to retail customers.
     Royal   has  assembled  an  experienced  management  team   that   has
demonstrated  the ability to acquire and serve customers cost  effectively.
The  Company's  core  target markets, commercial  and  industrial  business
customers  are  high  value customers because sales margins  are  typically
substantial  and  customer  loyalty  is  typically  high.   The   Company's
management  has  developed  and refined the  processes  and  procedures  to
acquire  the  targeted  customers at a very rapid rate.  Adding  staff  and
additional  geographic markets can increase the projected rate of  customer
acquisition.   The  Company's  growth  plan  involves  leveraging   current
management,  organization  and  infrastructure  assets  to  build  a  large
customer  base  of commercial and industrial electricity  and  natural  gas
customers  in  markets  that  are currently  opening  to  competition.   In
addition  to  the  customer base providing substantial sales  margins,  the
opportunity exists to cross-sell additional products in the future at  very
low cost.
     Sales  of  electricity and natural gas to ultimate  consumers  in  the
United  States  exceeded $300 billion in 1998, which  makes  these  markets
among  the  largest physical commodity markets in the  U.S.   The  gas  and
electric   industries   are  currently  in  the  process   of   substantial
deregulation,  which  is beginning to allow retail  customers  to  purchase
their  electricity and natural gas from competitive vendors such as  Royal.
Historically,  the  energy  industry was dominated  by  federal  and  state
chartered  vertically  integrated entities  that  were  granted  geographic
monopolies.  States  have reacted to the need for competition  by  enacting
laws and regulations that free natural gas and electric consumers to choose
a  competitive  supplier. Electric and gas utilities are becoming  delivery
conduits for supplies of energy that are not price regulated.  As a  result
of  the  ongoing  deregulation of the natural gas and electric  markets  by
state  and federal authorities, many energy users are now in a position  to
seek  to  purchase, at a savings, their electricity and  natural  gas  from
competitive suppliers rather than the incumbent monopoly.
      The  electric  industry  is  comprised of three  distinct  segments--
generation,   transmission  and  distribution.  All  three  segments   have
traditionally  been owned and operated by vertically integrated,  investor-
owned  or municipal utilities that delivered monopoly service within  their
franchised  service area. Through deregulation, the generation  segment  of
the  market  is  being  subject to competition while the  transmission  and
distribution  segments  will  continue to be price-regulated.    A  growing
number  of  electric  and  gas utilities, including  the  Company's  target
markets,  are  now  offering  delivery services  for  electricity  that  is
purchased from competitive suppliers.  In most jurisdictions, utilities are
actually  being  required  to  divest  their  generation  plants  so   that
generators,  independent  from the regulated electric  company,  will  sell
directly  to retail customers with the utility simply delivering the  power
that  customers  purchase.   Royal purchases or  brokers  electricity  from
generators and resells it to retail customers.
     In the natural gas industry, most gas utilities have delivery services
available for commercial and industrial business customers under which  the
gas  utility  delivers  gas  purchased from  competitive  suppliers.   Most
competitors  in the marketplace have concentrated on obtaining  very  large
industrial  customers  and  the small to medium commercial  and  industrial
customer  market has been largely ignored.  Only recently has  this  market
segment  been targeted, but only four or five firms appear to be  targeting
this  segment in the Company's target markets.  In the target markets  that
Royal  intends  to  pursue during the next twelve months,  there  are  over
1,000,000 commercial business customers of which less than 10% have  chosen
competitive suppliers.
     In  the  markets  where  the Company currently markets  and  where  it
intends  to  expand,1  there are over 1,000,000 commercial  and  industrial
business  customers.   The vast majority of these customers  will  have  to
choose  a  competitive supplier within the next year. It is estimated  that
only  about  10%  of  these customers have thus far  chosen  a  competitive
electricity and natural gas supplier.  In addition, other areas are opening
to  competition  in  the electric and gas markets in the  next  two  years.
Royal  will closely monitor additional markets that can be cost effectively
and successfully entered.
      Royal's  goal is to obtain 25,000 to 50,000 commercial and industrial
business  customers in these target markets. The trend is  for  traditional
utilities to leave the business of supplying commodity services and  reduce
the  scope  of the services offered to energy delivery services only,  thus
providing large growth opportunities to Royal.
     Royal Energy Corporation started operations in September 2000 with the
investigation  into entering the deregulating market in  Ohio.  In  October
2000,  a  definitive  marketing agreement was entered into  with  Advantage
Energy,  Inc. ("Advantage") under which Royal is marketing and sales  agent
to  Advantage  in  certain  areas within Ohio. Marketing  plans  have  been
developed  to  market  electricity in the  service  area  of  First  Energy
Corporation  in  northern  Ohio. Engagement of inbound  and  outbound  call
centers is underway and marketing literature is being printed for a  direct
mail  campaign  scheduled for early November. A product offering  has  been
developed and client contracts are being designed.

Currently   Royal  Energy  is  preparing  a  marketing  program   for   the
Metropolitan New York area (New York City, Northern New Jersey, Westchester
County and Long Island). Royal is developing marketing materials, retaining
telemarketers  and  a sales force. We are also in discussion  with  various
suppliers  of  natural  gas and electricity for the Metropolitan  New  York
area.

                        PART II - OTHER INFORMATION


Item 1.  Legal Proceedings.

     None.

Item 2.  Changes in Securities and Use of Proceeds.

      On  September  4,  2001,  Roger Piacentini, the  Company's  President
returned 2,987,500 Shares to the Company, which represents one-half of  his
holdings.  On September 4, 2001, John O'Brien, a Director and President  of
Royal  Energy Corp., the Company's subsidiary returned 5,050,000 shares  to
the  Company, which represents one-half of his holdings. Both the President
and  Vice  President  believed it beneficial to the company'  s  future  to
return their Shares.

Item 3.  Defaults Upon Senior Securities.

     None.

Item 4.  Submission of Matters to Vote of Security holders.

     None.

Item 5.  Other Information.

     None.

Security Ownership of Management

Name                  Title           Class   No. of Shares   Percent
Dr. John O'Brien   Vice President    Common     5,050,000       40%
Roger Piacentini     President       Common     2,987,500       24%

MANAGEMENT

      The  following are the directors, officers and key employees  of
the Company's Subsidiary Royal Energy Corp. as of the date hereof:

Name                     Age          Position

Dr. John N. O'Brien      48        President and CEO

Kathy Casale             45        Director of Marketing

Thomas Gordon            48        Director of Sales



DR.  JOHN N. O'BRIEN is President, Chief Executive Officer and Director  of
Royal  Energy Corp. Dr. O'Brien has over twenty years of experience in  the
energy  regulatory  and  business  fields.  His  expertise  began  in   the
regulation of nuclear facilities then moving into the regulation of natural
gas  during the deregulation of that industry and finally into the electric
power  industry as it restructures. Dr. O'Brien started his career in  1976
as  a  scientist in Brookhaven National Laboratory's Department of  Nuclear
Energy where he worked principally on how to best regulate the organization
and  management of nuclear facilities. While at Brookhaven he was among the
youngest  individuals in the Brookhaven's history to achieve  the  rank  of
Full  Scientist and he provided numerous research reports to the Department
of  Energy,  the  Nuclear Regulatory Commission, the Office  of  Technology
Assessment, the Congressional Research Service and the U.S. Military, among
others.  He  also  provided  testimony and background  in  many  regulatory
proceedings  having  to  do with energy regulation  and  authored  over  40
published articles, reports and a book on energy matters.

In  1985  Dr.  O'Brien  left  Brookhaven and  founded  Direct  Gas  Supply
Corporation, which under his supervision grew to a $51 million Company  in
five years. Direct Gas was the first participant in New York State in  the
deregulation  of the natural gas industry and moved the first  non-utility
gas  to  consumers in the State under the new regulations. While at Direct
Gas,  Dr.  O'Brien participated in many proceedings before  the  New  York
Public  Service  Commission  ("PSC") and  the  Federal  Energy  Regulatory
Commission and was also responsible for starting the first new utility  in
New  York  State  in  over forty years. Dr. O'Brien sold  his  Company  to
British  Petroleum  and  left  in 1992. In 1993,  Wheeled  Electric  Power
Company  retained  Dr.  O'Brien in order to  participate  in  the  ongoing
deregulation of the electric power market. Wheeled Electric  was  able  to
acquire over 22,000 gas and electric customers during his tenure. In 1999,
he  was  retained  by  Full  Power Corp. to  run  their  All  Power  Corp.
subsidiary  to  participate  in the ongoing natural  gas  and  electricity
deregulation  market  in  the  Northeast United  States.  Dr.  O'Brien  is
considered to be an expert on energy deregulation and frequently  lectures
and  testifies on the subject. He has also testified several times  before
the U.S. Congress and New York Legislature on electric power deregulation.

Dr.  O'Brien received a Bachelors Degree in Chemistry in 1972, and an  M.A.
in  1974 and Ph.D. in 1976 from the Maxwell School of Public Administration
at Syracuse University.

KATHLEEN  CASALE  is  employed as Royal's Director of Marketing.  Prior  to
joining  ROYAL,  Ms. Casale was Director of Marketing for All  Power  Corp.
Prior to that she was Director of Marketing at Wheeled Electric Power where
she  was  instrumental in acquiring over 22,000 gas and electric customers.
Ms.  Casale  also  has  an  extensive background  in  corporate  restaurant
management,   including  extensive  experience  with  the   General   Mills
Restaurant  Group  and  Bennigan's Restaurants, specializing  in  staffing,
customer  and  employee relations and P&L management.  Her  entrepreneurial
skills were honed in restaurants that she owned and operated over the  last
twenty years, being responsible for start up and organization of all facets
of the business.

At  All  Power, Ms. Casale developed the telemarketing department  and  all
promotional   materials.  Her  responsibilities   included   inbound   call
management   including  outsource  management,  outbound  solicitation   of
commercial  customers,  and  setting appointments  and  schedules  for  All
Power's  outside  salespeople. Ms. Casale coordinated the  advertising  and
promotion of All Power projects. She also performed background studies  and
developed  reports  on issues important to All Power's  evolution  such  as
outsource  marketing efforts, future business alliances, and evaluation  of
customer demographics.

THOMAS  GODRON  is  Royal's Director of Sales. Prior to joining  ROYAL  Mr.
Gordon  was  Director  of Sales at All Power Corp. Prior  to  that  he  was
Director  of  Sales at Wheeled Electric Power where he was instrumental  in
acquiring over 22,000 gas and electric customers for WEPCO. Mr. Gordon also
has an extensive sales background.

At  All Power, Mr. Gordon developed a sales program and was responsible for
the  sales  department.  His responsibilities included  coordinating  sales
efforts, direct solicitation of commercial customers, and appointments  and
schedules for All Power's outside salespeople. He also performed background
studies  and developed reports on issues important to All Power's evolution
such  as  outsource  marketing  efforts,  future  sales  initiatives,   and
evaluation of customer demographics.

Item 6.  Exhibits and Reports on Form 8-K.

     (a) Exhibits - None

     (b) Reports on Form 8-K - None.


SIGNATURES

      In  accordance  with  the  requirements  of  the  Exchange  Act,  the
Registrant  has  caused  this Report to be signed  on  its  behalf  by  the
undersigned, thereunto duly authorized.

GOLD & GREEN, INC.

      /s/ Roger Piacentini               November 6, 2001
By: __________________________   Date: ___________________
Roger Piacentini, Pres. & Director
Date:  Port Washington, New York

_______________________________
1 The Company's current target markets are the natural gas and electric
service areas of Consolidated Edison of New York ("Con Ed"), Orange &
Rockland Utilities ("ORU"), Brooklyn Union Gas Company ("BUG"), United
Illuminating ("UI"), Philadelphia Electric Company ("PECO") and Public
Service Electric & Gas ("PSE&G").