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

                                   Form 10-KSB

(  )     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES ACT OF
1934  9(FEE  REQUIRED)

For  the  fiscal  year  ended          December  31,  1999
                                       -------------------

(  )     TRANSACTION  REPORT  PURSUANT  TO  SECTION 13 OR 15(D)OF THE SECURITIES
EXCHANGE  AGE  OF  1934  (NO  FEE  REQUIRED)
for  the  transaction  period  from               to

Commission  File  number               000-25579
                                       ---------


                              HADRO RESOURCES, INC.

                 (Exact name of Company as specified in charter)


           NEVADA                                   87-0571853
           ------                                   ----------
State or other jurisdiction of                  (I.R.S. Employee
   Incorporation                                    I.D.  No.)


145  Tyee  Road  #1526  Point  Roberts, Washington              98281
---------------------------------------------------            -------
(Address of  principal  executive  offices)                    (Zip  code)

Issuer's  telephone  number,  incl  area  code:               (604)  943-7515
                                                              ---------------

Securities  registered  pursuant  to  section  12  (b)  of  the  Act:

TITLE  OF EACH SHARE                              NAME OF EACH EXCHANGE ON WHICH
--------------------                              ------------------------------
                                                             REGISTERED:
                                                             -----------

       None                                                   None
       ----                                                   ----

Securities  registered  pursuant  to  Section  12  (g)  of  the  Act:

       None
  --------------
(Title  of  Class)

Check  whether  the Issuer (1) filed all reports required to be filed by section
13  or  15  (d)  of  the  Exchange  Act
during  the  past  12  months  (or  for  a  shorter  period that the Company was
required to  file  such  reports),  and  (2)  has
been  subject  to  such  filing  requirements  for  the  past  90  days.

    (1)  Yes(  X  )     No (  )          (2)  Yes(  X  )     No(    )

<PAGE>

Check  if there is no disclosure of delinquent filers in repsonse to Item 405 of
Regulation  S-B  is  not  contained  in
this  form,  and  no  disclosure will be contained, to the best of the Company's
knowledge,  in  definitive  proxy  or
information statements incorporated by reference in Part III of this Form 10-KSB
or  any  amendment  to
this  Form  10-KSB  (     )

State  issuer's  revenues  for  its  most  recent  fiscal  year     $     -0-
                                                                          ---

State  the  aggregate  market value of the voting stock held by nonaffiliates of
the  Company.  The  aggregate
market  value shall be computed by reference to the price at which the stock was
sold,  of  the
average  bid  and  asked  prices of such stock, as of a specific date within the
past  60  days.

As  at  December 31, 1999 the aggregate market value of the voting stock held by
nonaffiliates  is  undeterminable
and  is  considered  to  be  0

   THE COMPANY INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE LAST FIVE YEARS.

                                 Not applicable

                      APPLICABLE ONLY TO CORPORATE COMPANYS


As  of  December  31,  1999,  the Company has 13.054,200  shares of common stock
issued  and  outstanding.

                       DOCUMENTS INCORPORATED BY REFERENCE


List hereunder the following documents if incorporated by reference and the part
of  this  Form  10-KSB  (eg.
Part  I,  part  II,  etc)  into  which  the  documents  is  incorporated:

(1)     Any  annual  report  to  securities  holders;

(2)     Any  proxy  or  other  information  statement;

(3)     Any  prospectus  filed  pursuant  to  Rule  424  (b)  or  (c)  under the
        Securities  act  of  1933.



NONE



<PAGE>


                                TABLE OF CONTENTS



PART  I

ITEM  1          DESCRIPTION  OF  BUSINESS

ITEM  2          DESCRIPTION  OF  PROPERTY

ITEM  3          LEGAL  PROCEEDINGS

ITEM  4          SUBMISSION  OF  MATTERS  TO  VOTE  OF  SECURITIES  HODLERS




PART  II

ITEM  5          MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS

ITEM  6          MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF OPERATION

ITEM  7          FINANCIAL  STATEMENTS

ITEM  8          CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON
                 ACCOUNTING  AND  FINANCIAL  DISCLOSURE




PART  III

ITEM  9      DIRECTORS,  EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS,
             COMPLIANCE  WITH  SECTION  16  (A)  OF  THE  EXCHANGE  ACT.

ITEM  10     EXECUTIVE  COMPENSATION

ITEM  11     SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS AND MANAGEMENT

ITEM  12     CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS




PART  IV

ITEM  13     EXHIBITS





<PAGE>
                                     PART I


                         ITEM 1. DESCRIPTION OF BUSINESS



Hadro Resources, Inc. (the "Company") was incorporated in the State of Nevada on
December  3,  1997  under  the  name Hadrosaurus Resources, Inc.  On January 20,
1998,  the  Company filed an Amendment to its Articles of Incorporation changing
the  name  of the Company to Hadro Resources, Inc. The Company is engaged in the
production  of  oil  and  gas.

The  Company  expects to generate revenues from operations and obtain additional
working  capital  through  future  equity  and/or  financings.

The  Company  maintains  principal  business offices at (1) 145 Tyee Road #1526,
Point  Roberts,  Washington  98281  and  (2) 5405 12th Avenue, Suite 204, Delta,
B.C.,  Canada  V4M  2B2.   Its statutory office is located at 3230 East Flamingo
Road,  Suite  156, Reno, Nevada 89121. The Company's fiscal year end is December
31.

The  Company  is  a  natural  resource  exploration  company  engaged  in  the
acquisition,  exploration and development of oil and natural gas properties.  On
August  1,  1998,  the  Company  entered  into an Option Agreement to acquire an
interest  in an oil and gas property in Alberta, Canada from Donn Capital Corp.,
a  privately-held  company  wholly  owned  by  frank  W. Donis, President of the
Company.  On  June  15,  1999,  the  Company terminated the Agreement and has no
further  right,  title  and/or  interest  in  or  to the property subject of the
Agreement and has no further obligation to Donn Capital regarding this property.

On  November  1,  1998, the Company entered into an Agreement and Declaration of
Trust  with  W.  G. Van Bebber, an unrelated third party, whereby Mr. Van Bebber
will research and acquire available oil and gas leases on behalf of the Company.
Pursuant  to  the terms of the Agreement, leases will be taken in the name of W.
G.  Van  Bebber, as Trustee for the exclusive use and benefit of the Company and
all approved costs and expenses incurred in such leasing and acquisition will be
paid  by  the  Company.

                        ITEM 2. DESCRIPTION OF PROPERTIES



In  June,  1999,  Mr.  Van  Bebber,  on  behalf  of the Company, entered into an
Assignment  Agreement  with  Ibis  Petroleum,  Inc. ("Ibis"), whereby Ibis sold,
assigned,  transferred  and conveyed all of its right, title and interest in and
to  a  total  of  35 oil and gas leases located in the Hadrosaurus Area of Union
County,  New  Mexico.  The  leasehold  interests  are  as  follows:


<PAGE>
1.     28   State  of New Mexico Leases, covering a total of 6174.23 acres, with
an  annual  rental  rate  of  $0.25  per acre until 2002, at which time the rate
increases to $0.50 per acre through expiration.  22 of the leases will expire on
January  31,  2007 and the remaining 6 will expire on March 31, 2007.  The State
of  New Mexico will receive a 12.5% royalty payment on any oil or gas production
on  the  properties;  Ibis will receive a 2% overriding royalty; and three other
unrelated  third  parties will receive a total of 2% overriding royalties on any
production.  The  Company's total royalty burden for these leases is 16.5%.  The
Company's  working  interest  in and to these leases is 100% and its net revenue
interest  (after  royalty  payments)  is  83.5%.

2.     2  federal  leases,  covering  a  total  of 2323.33 acres, with an annual
rental  rate  of $1.50 per acre.  These leases will expire on May 31, 2009.  The
federal  government  will  receive  a  12.5%  royalty  payment on any oil or gas
production  on  the  properties.  The  Company's  total royalty burden for these
leases  if 12.5%.  The Company's working interest in and to these leases is 100%
and  its  net  revenue  interest  (after  royalty  payments)  is  87.5%.

3.     5  State of New Mexico Leases, covering a total of 1252.04 acres, with an
annual  rental  rate  of  $0.25  per  acre  until  2004,  at which time the rate
increases  to $0.50 per acre through expiration.  The leases will expire on July
31,  2009.  The  State of New Mexico will receive a 12.5% royalty payment on any
oil or gas production on the properties.  The Company's total royalty burden for
these leases is 12.5%.  The Company's working interest in and to these leases is
100%  and  its  net  revenue  interest  (after  royalty  payments)  is  87.5%


                            ITEM 3. LEGAL PROCEEDINGS



There  are  no legal proceedings to which the Company is a party or to which its
property  is subject, nor to the best of management's knowledge are any material
legal  proceedings  contemplated.

           ITEM 4. SUBMISSION OF MATTERS TO VOTE OF SECURITIES HOLDERS



No  matters  were  submitted to a vote of shareholders of the Company during the
period  year  ended  December  31,  1999.

                                     PART II



        ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS



<PAGE>
The  company's application to trade and list its securities on the NASD over the
counter  Bulletin  Board was approved on February 9, 2000.  Since its inception,
the Company has not paid any dividends on its common stock, and the Company does
not  anticipate  that  it  will  pay dividends in the foreseeable future.  As at
December  31,  1999 the Company had 39 shareholders; three of these shareholders
are  officers  and  directors  of  the  Company.

      ITEM 6.    MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION




Overview
--------

     Since  its  formation  in  December,  1997, the Company has been engaged in
research  and development activities relating to the acquisition of possible oil
and  gas  producing  properties.  Currently,  it  has  a total of 35 oil and gas
leases  acquired  by  and  held in the name of its agent, W. G. Van Bebber.  The
properties  subject  of  the Leases are located in Union County, New Mexico. The
Company  intends  to  acquire additional oil and gas leases in Union County, and
Los  Animas  County,  Colorado  and  any  additional properties that may warrant
acquisition.  The  Company is currently seeking a joint venture partner/operator
to  perform  exploration  activities  on  the  properties.

Liquidity  and  Capital  Resources
----------------------------------

As  at  December  31,  1999,  the  Company  had $ 9,197 of assets, and $5,748 of
liabilities,  including  cash  or  cash  equivalents  amounting to $ 9,197.  The
liabilities  of  $5,748 consist of amounts accrued for audit and  accounting  of
$ 2,859.57  and  amounts  due  to  related  parties.

The  Company  will  need additional working capital to finance its activities on
the  New  Mexico  leases.
Results  of  Operations
-----------------------

There  are  no  operations  at  this  time.






                          ITEM 7. FINANCIAL STATEMENTS




The  financial  statements  of  the Company are included following the signature
page  to  this  Form  10-KSB.

      ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
                              FINANCIAL DISCLOSURE

<PAGE>



From  inception to date, the Company's principal accountant is Andersen Andersen
&  Strong  L.C.  of Salt Lake City, Utah.  The firm's report for the period from
inception to December 31,1999 did not contain any adverse opinion or disclaimer,
nor  were  there  any  disagreements  between  management  and  the  Company's
accountants.

                                    PART III.


      ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS,
               COMPLIANCE WITH SECTION 16 (A) OF THE EXCHANGE ACT




Each director of the Company is elected by the stockholders to a term of one (1)
year  and  serves  until  his  or  her  successor is elected and qualified. Each
officer of the Company is elected by the Board of Directors to a term of one (1)
year  and  serves  until  his or her successor is duly elected and qualified, or
until  he  or  she  is  removed  from  office.  The  Board  of  Directors has no
nominating,  auditing  or  compensation  committees.

The  names,  addresses, ages and positions of the present officers and directors
of  the  Company  are  set  forth  below:
<TABLE>
<CAPTION>



<S>                             <C>          <C>                             <C>

                                                                            Term
                                                                          Director
Name and Address. . . . .      Age       Position(s)                        Since
-------------------------      ---       -----------                     ---------

Frank W. Donis                 55     President and Director                 1997
413 Tsawwassen Beach Road
Delta, British Columbia
Canada, V4M 2J2

Marilyn Rafter                 47     Secretary, Treasurer                   1997
5268 IA Avenue                            and Director
Delta, British Columbia
Canada, V4M ICI


Gene D. Wilson                 70          Director                          1997
8 10 Four Hills Road
Albuquerque, NM
USA, 8712-3
</TABLE>




<PAGE>
FRANK  W.  DONIS  has  been  the  President  and a Director of the Company since
inception.  Since September 1980, he has also been the President of Epic Oil and
Gas  Ltd.,  a  publicly  traded  Canadian  corporation  engaged  in  oil and gas
exploration.  Since  June  1968,  he  has also been a self-employed Dentist.  He
graduated  from  the  University  of Alberta in 1968 with a Degree in Dentistry.
Mr.  Donis  devotes  his  time  as  required  to  the  business  of the Company.

MARILYN  RAFTER  has been the Secretary, Treasurer and a Director of the Company
since inception.  Since April 1995, she has also been the Manager of A.D. Garnet
Investments,  Ltd.,  a  privately  held  Canadian  corporation,  engaged  in the
business of real estate development and management.  From October 1991 to August
1993,  she  was  a  Consultant  for  ExperDent  Consulting,  Inc.,  a  Canadian
corporation  engaged  in the business dental consulting.  Ms. Rafter devotes her
time  as  required  to  the  business  of  the  Company.

GENE  WILSON has been a Director of the Company since inception.  Since 1960, he
has  also been a self-employed Consulting Geologist.  He graduated from Marshall
University  in  Huntington,  W.  Virginia,  in 1950 with a Degree in Geology and
from  the  University  of Illinois 9n 1954 with a Masters Degree in Geology. Mr.
Wilson  devotes  his  time  as  required  to  the  business  of  the  Company.

Each of the persons named above has held his/her office/position since inception
of  the  Company  and  is  expected  to hold said office/position until the next
annual  meeting  of  stockholders.

To the knowledge of management, during the past five years, no present or former
director,  executive  officer  or  person  nominated  to become a director or an
executive  officer  of  the  Company:

4.       filed  a  petition  under  the  federal  bankruptcy  laws  or any state
insolvency law, nor had a receiver, fiscal agent or similar officer appointed by
the  court  for  the  business or property of such person, or any partnership in
which  he  was  a general partner at or within two years before the time of such
filings;


5.       was  convicted  in  a criminal proceeding or named subject of a pending
criminal  proceeding  (excluding  traffic  violations and other minor offenses);

6.       was  the  subject  of  any  order, judgment or decree, not subsequently
reversed,  suspended  or  vacated,  of  any  court  of  competent  jurisdiction,
permanently  or  temporarily  enjoining  him  from  or  otherwise  limiting, the
following  activities:


<PAGE>
(4)        acting  as  a  futures  commission  merchant,  introducing  broker,
commodity  trading  advisor,  commodity  pool  operator,  floor broker, leverage
transaction  merchant,  associated  person  of  any  of  the foregoing, or as an
investment  advisor,  underwriter,  broker  or  dealer  in  securities, or as an
affiliate person, director or employee of any investment company, or engaging in
or  continuing  any  conduct  or  practice  in  connection  with  such activity:


(5)          engaging  in  any  type  of  business  practice:  or


(6)          engaging  in any activities in connection with the purchase or sale
of  any  security
          or  commodity  or in connection with any violation of federal or state
securities
            laws  or  federal  commodities  laws:

7.       was  the  subject  of any order, judgement, or decree, not subsequently
reversed,  suspended,  or  vacated,  of  any federal or state authority barring,
suspending  or otherwise limiting for more than 60 days the right of such person
to  engage  in  any activity described above under this Item or to be associated
with  persons  engaged  in  any  such  activities:


8.       was  found by a court of competent jurisdiction in a civil action or by
the  Securities  and
       Exchange Commission to have violated any federal or state securities law,
and  the
      judgement  in  such civil action or finding by the Securities and Exchange
Commission  has
      not  been  subsequently  reversed,  suspended,  or  vacated.


9.       was  found by a court of competent jurisdiction in a civil action or by
the  Commodity  Futures  Trading  Commission  to  have  violated  any  federal
commodities  law,  and  the  judgement  in  such  civil action or finding by the
Commodity  Futures  Trading  Commission  ahs  not  been  subsequently  reversed,
suspended  or  vacated.



               COMPLIANCE WITH SECTION 16 (A) OF THE EXCHANGE ACT



The  Company  knows  of  no director, officer, beneficial owner of more than ten
percent  of any class of equity securities of the Company registered pursuant to
Section  12  ("Reporting Person") that failed to file any reports required to be
furnished  pursuant  to  Section  16  (a).

The following table sets forth as at December 31, 1999, the name and position of
each Reporting Person that failed to file on a timely basis any reports required
pursuant  to  Section  16  (a)  during  the  most  recent  fiscal  year.

Name                            Position                  Report  to  be  Filed
-------------------          --------------               ---------------------
N/A

                       ITEM 10.    EXECUTIVE COMPENSATION



<PAGE>


None of the Company's officers and directors are currently compensated for their
services  as  the Company is only in the development stage and has not yet fully
commenced  business  operations.  However,  the  officers  and  directors  are
reimbursed  for  any  expenses  they  incur  on  behalf  of  the  Company.

Employment  Agreements

None  of  the  Company's officers or directors are currently party to employment
agreements  with  the  Company.  The  Company  presently has no pension, health,
annuity,  insurance,  stock  options,  profit  sharing or similar benefit plans;
however,  the Company may adopt such plans in the future. There are presently no
personal benefits available for directors, officers or employees of the Company.

   ITEM 11.    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT



Principal  Shareholders
-----------------------

The  following  table  sets  forth  certain  information regarding the Company's
Common Stock, par value $.001 ("Common Stock") beneficially owned as of  January
31,  1999  for  (i)  each  stockholder known by the Company to be the beneficial
owner  of  five  (5%) percent or more of the Company's outstanding Common Stock;
(ii)  each  of  the  Company's directors; (iii) each named executive officer (as
defined  in  Item  402(a)(2) of Regulation S-B); and (iv) all executive officers
and  directors  as a group. At January 31, 1999, there were 13,054,200 shares of
Common  Stock  outstanding.


<TABLE>
<CAPTION>

                                         Amount  and
                  Name  and                 Nature  of
Title  of        Address  of                Beneficial          Percent
 Class         Beneficial  Owner(1)         Ownership(2)         Class
-------        -------------------          -----------         -------

<S>             <C>                      <C>                   <C>
Common  Stock   Frank  W.  Donis            7,005,000(i)(ii)        53.7 %
                413  Tsawwassen
                Beach  Road
                Delta,  B.C.,
                Canada,  V4M  2J2


Common  Stock   Marilyn  J.  Rafter            255,000 (i)(ii)       2%
                5268  IA  Avenue
                Delta,  B.C.,
                Canada,  V4M  1  C  1


<PAGE>
Common  Stock   Gene  Wilson                   500,000  (i)          3.8 %
                811 Four Hills Rd. S.E.
                Albuquerque,  N.M.
                87123

Common  Stock   Bond Mercantile  Ltd.        1,000,000               8%
                Principal-Juan Mashburn
                Akara Building. 24
                De Castro St. Road Town
                Tortola, British Virgin
                Islands

Common  Stock   Commodore Management Corp.   1,000,000               8%
                Principal-Antoinette Stubbs
                Saffrey  Square, Suite 205
                Nassau,  Bahamas

Common  Stock   Douglas  inc.                1,000,000               8%
                Principal-Tim  O"Sullivan
                Box  260  Butterfield Sq.
                Providenciales
                Turks  and  Caicos Islands

Common  Stock   Peregrine Corporation        1,000,000               8%
                Principal-Frances Perez
                No. 2. Commecial Centre Sq.
                Alofi,  Niue


All  Officers  and
Directors  as  a  Group                      7,750,000              59.5%

<FN>


(i) Each  person  named  above may be deemed to be a "parent" and "promoter"
    of  the  Company,
    within  the  meaning  of  such  terms  under the Securities Act of 1933, as
    amended,  by  virtue  of
    his/her direct and indirect holdings in the Company.  These persons are the only
    "promoters"of  the  Company.

(ii) Frank  Donis  and  Marilyn  Rafter's  spouses  each  own 5,000 shares of the
     Company's
     Common  Stock  included  in  these  shares.

</TABLE>




<PAGE>
            ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS




Transactions  with  Management  and  Others

On  January  5,  1998 , Frank Donis and Marilyn Rafter, officers and director of
the  Company,  purchased a total of 7,250,000 shares of Common Stock, at a price
of  $.001  per  share,  for  a  total  consideration  of  $7,250.

On  February  23,  1998, the Company sold 500,000 shares of Common Stock to Gene
Wilson,  a  director  of  the  Company, at a price of $.01 per share for a total
consideration  of  $5,000.

On  August  1,  1998, the Company entered into an Option Agreement to acquire an
interest  in an oil and gas property in Alberta, Canada from Donn Capital Corp.,
a  privately-held  company  wholly  owned  by  Frank  W. Donis, President of the
company.  On  June 15, 1999, the Agreement was terminated and the Company has no
further  right,  title  or  obligations  due  to  Donn  Capital.

Certain  officers,  directors  and  related  parties  have  engaged  in business
transactions  with  the  Company  which  were  not  the  result  of arms' length
negotiations between independent parties.  Management believes that the terms of
these  transactions  were  as  favorable to the Company as those that could have
been obtained from unaffiliated parties under similar circumstances.  All future
transactions  between  the  Company  and its affiliates will be on terms no less
favorable  than  could  be  obtained from unaffiliated third parties and will be
approved by a majority of the disinterested members of the Board of Directors of
the  Company.

INDEBTEDNESS  OF  MANAGEMENT

None

TRANSACTIONS  WITH  PROMOTERS

None












<PAGE>
                                     PART IV



                          ITEM 13. EXHIBITS AND REPORTS



(a)     (1)     Financial  Statements

The  following  financial  statements  are  included  in  this  report:

Title  of  Document

Report  of  Andersen,  Andersen  &  Strong,  Certified  Public  Accounts

Balance  Sheet  as  at  December  31,  1999

Statement  of  Operations  for  the  Period  from     December  3, 1997 (Date of
inception)  to  December  31,  1999

Statement  in  Changes  in  Stockholders' Equity for the period from December 3,
1997 (Date  of  inception)  to  December  31,  1999.

Statement of Cash Flows for the period from December 3, 1997 (Date of inception)
to  December  31,  1999.

Notes  to  the  Financial  statements

(a)     (2)     Financial  Statement  Schedules

The  Following financial statement schedules are included as part of this report

None

(a)     (3)     Exhibits

The  following  exhibits  are  included  as  part  of  this report by reference:

None.



<PAGE>


                                   SIGNATURES




Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
this  report  has  been  signed  below by the following persons on behalf of the
Company  and  in  its  capacities  and  on  the  date  indicated:





                                         HADRO  RESOURCES,  INC.


Date: 3-21-00                           By:    "Frank  Donis"
                                                --------------
                                               Frank  W.  Donis
                                               President  &  Director


Date: 3-21-00                           By:    "Marilyn  Rafter"
                                               -----------------
                                               Marilyn  Rafter
                                            Corporate  Secretary



<PAGE>

            [LETTERHEAD ANDERSEN ANDERSEN & STRONG]


Board  of  Directors
Hadro  Resources,  Inc.
Point  Roberts,  Washington

     REPORT  OF  INDEPENDENT  CERTIFIED  PUBLIC  ACCOUNTANTS

We  have  audited  the  accompanying  balance  sheet of Hadro Resources, Inc.  (
development  stage  company)  at  December  31,  1999  and  the  statements  of
operations,  stockholders'  equity,  and cash flows for the years ended December
31,  1999  and 1998  and the period from December 3, 1997 (date of inception) to
December  31,  1999.  These  financial  statements are the responsibility of the
Company's  management.  Our  responsibility  is  to  express an opinion on these
financial  statements  based  on  our  audits.

We conducted our audit in accordance with generally accepted auditing standards.
Those  standards require that we plan and perform the audit to obtain reasonable
assurance  about  whether the balance sheet is free of material misstatement. An
audit  includes  examining, on a test basis, evidence supporting the amounts and
disclosures  in  the  balance  sheet.  An  audit  also  includes  assessing  the
accounting  principles used and significant estimates made by management as well
as  evaluating the overall balance sheet presentation. We believe that our audit
provides  a  reasonable  basis  for  our  opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects,  the  financial  position  of  Hadro Resources, Inc. at
December  31, 1999 and the results of  operations, and  cash flows for the years
ended December 31, 1999 and 1998  and the period from December 3, 1997  (date of
inception)  to  December  31,  1999,  in  conformity  with  generally  accepted
accounting  principles.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will continue as a going concern.  The Company has sustained continuing
losses since inception  and will need additional working capital for its planned
activity,  which  raises  substantial  doubt  about its ability to continue as a
going  concern.  Management's  plans in regard to these matters are described in
Note  4  .  These financial statements do not include any adjustments that might
result  from  the  outcome  of  this  uncertainty.

                                                 /s/  ANDERSEN ANDERSEN & STRONG

Salt  Lake  City,  Utah
March  18



                              HADRO RESOURCES, INC.
                          ( DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET
                                DECEMBER 31, 1999
<TABLE>
<CAPTION>

ASSETS

CURRENT ASSETS
<S>                                       <C>
Cash                                          $9,197
                                              ------

Total Current Assets                          $9,197
                                              ======


LIABILITIES  AND  STOCKHOLDERS'  EQUITY

CURRENT  LIABILITIES
  Accounts  payable  -  related  parties      $1,651
  Accounts  payable                            4,097
                                               -----

Total  Current  Liabilities                    5,748
                                               -----

STOCKHOLDERS'  EQUITY

     Common  stock
     100,000,000  shares  authorized,  at
     $0.001  par  value;13,054,200 shares
     issued  and  outstanding                 13,054

    Capital  in  excess  of  par  value      126,795

    Deficit  accumulated  during the
    development stage                       (136,400)
                                            --------

Total  Stockholders'  Equity                   3,449
                                              ------
                                            $  9,197
                                             =======
</TABLE>


<PAGE>
<TABLE>
<CAPTION>

                                  ( DEVELOPMENT STAGE COMPANY)

                                      HADRO RESOURCES, INC.
                                     STATEMENT OF OPERATIONS
                     FOR THE  YEARS ENDED DECEMBER 31, 1999 AND 1998 AND THE
                PERIOD DECEMBER 3, 1997 (DATE OF INCEPTION) TO DECEMBER  31, 1999



                                               DEC 31         DEC 31      DEC 3, 1997
                                                1999           1998      TO DEC 31, 1999
                                              -------------------------------------------
<S>                                           <C>         <C>            <C>
REVENUES . . . . . . . . . . . . . . . . . .  $    -          $      -       $      -

EXPENSES . . . . . . . . . . . . . . . . . .    105,362          31,038       136,400
                                              -------------------------------------------

NET LOSS . . . . . . . . . . . . . . . . . .   (105,362)      $ (31,038)     $(136,400)
                                              ===========================================



NET LOSS PER COMMON SHARE

Basic. . . . . . . . . . . . . . . . . . . .     $  -        $   -
                                              ---------------------------


AVERAGE   OUTSTANDING SHARES

    Basic                                     13,054,200      12,300,000
                                              ----------------------------


</TABLE>

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

<PAGE>


                                          HADRO RESOURCES INC.
                                      (A DEVELOPMENT STAGE COMPANY)
                              STATEMENT OF CHANGES  IN STOCKHOLDERS' EQUITY
                        FOR THE PERIOD FROM DECEMBER 3, 1997 (DATE OF INCEPTION)
                                          TO DECEMBER  31, 1999

<TABLE>
<CAPTION>


                                                         COMMON  STOCK        CAPITAL In
                                                     --------------------      EXCESS OF   ACCUMULATED
                                                      SHARES          AMOUNT   PAR VALUE      DEFICIT
                                               --------------------  --------  ----------  ----------
<S>                                            <C>                   <C>       <C>         <C>

BALANCE DECEMBER 3,  1997 (date of inception)                     -  $      -  $        -  $       -

Issuance of common stock for cash
   at $.001 - February through July  1998 . .            12,350,000    12,350           -          -


Issuance of common stock for cash
  at $.01 - July  1998                                      560,000       560       5,040          -

Issuance of common stock for cash
     at $.50 - July  1998 . . . . . . . . . .               114,000       114      56,886          -

Issuance of common stock for cash
     at $.50 - August  1998 . . . . . . . . .                30,200        30      15,069          -

Net operating loss for the year ended
December 31, 1998 . . . . . . . . . . . . . .                     -         -           -    (31,038)

                                                     --------------  --------  ----------  ----------

BALANCE DECEMBER  31, 1998. . . . . . . . . .            13,054,200    13,054      76,995    (31,038)

Contributions to capital by related
   parties - expenses . . . . . . . . . . . .                     -         -      49,800          -
Net operating loss for the year
ended December 31, 1999 . . . . . . . . . . .                     -         -           -   (105,362)
                                                     --------------  --------  ----------  ----------
BALANCE DECEMBER 31, 1999 . . . . . . . . . .            13,054,200  $ 13,054  $  126,795  $(136,400)
                                                     ==============  ========  ==========  ==========


</TABLE>


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




<PAGE>



                             HADRO  RESOURCES,  INC.
                          ( DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CASH FLOWS
           FOR THE  YEARS ENDED  DECEMBER 31, 1998 AND 1998   AND THE
        PERIOD DECEMBER 3, 1997 (DATE OF INCEPTION) TO DECEMBER  31, 1999
<TABLE>
<CAPTION>


                                                  DEC 31       DEC 31         DEC 3, 1997
                                                   1999         1998        TO DEC 31, 1999
                                             --------------  ------------  -----------------
<S>                                          <C>             <C>           <C>
CASH FLOWS FROM
OPERATING ACTIVITIES

Net loss                                          (105,362)      (31,038)         $(136,400)

Adjustments to reconcile net loss to
net cash provided by operating
activities

         Contribution to capital - expenses         49,800                           49,800
         Changes in accounts payable. . . .          5,620           127              5,747
                                             --------------  ------------       -------------

Net (decrease) in Cash From Operations. . .        (49,942)      (30,911)           (80,853)
                                             --------------  ------------       -------------

CASH FLOWS FROM INVESTING
ACTIVITIES

Purchase of mineral  lease. . . . . . . . .              -             -                  -
                                             --------------  ------------  -----------------


CASH FLOWS FROM FINANCING
ACTIVITIES

     Proceeds from issuance of common stock              -        90,050             90,050
                                             --------------  ------------  -----------------

Net Increase (Decrease) in Cash . . . . . .        (49,942)       59,139              9,197

Cash at Beginning of Period . . . . . . . .         59,139             -                  -
                                             --------------  ------------  -----------------

Cash at End of Period . . . . . . . . . . .  $       9,197   $    59,139   $          9,197
                                             ==============  ============  =================



NON CASH FLOWS FROM OPERATING ACTIVITIES

Contributions to capital by officers - 1999  $      49,800
                                             --------------

</TABLE>




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


<PAGE>
                              HADRO RESOURCES, INC.
                          ( DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS




1.     ORGANIZATION

The  Company  was incorporated under the laws of the State of Nevada on December
3,  1997  with authorized common stock of 100,000,000 shares at $0.001 par value
with  the  name  "Hadrosaurus Resources, Inc".  On January 12, 1998 the name was
changed  to  Hadro  Resources  Inc.

The  Company  was organized for the purpose of acquiring  a business opportunity
which  management  believes  can  be  profitable.

The  Company  is  in  the  development  stage.

Since  its  inception  the  Company  has  completed  a  Regulation D offering of
4,174,200  shares  of  its  capital  stock  for  cash.

2.  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

Accounting  Methods
-------------------

The  Company  recognizes  income  and  expenses  based  on the accrual method of
accounting.

Dividend  Policy
----------------

The  Company  has  not  yet  adopted  a  policy  regarding payment of dividends.

Income  Taxes
-------------

At  December  31,  1999,  the Company had a net operating loss  carry forward of
$136,400. The  tax benefit from the loss carry forward  has been fully offset by
a valuation reserve because the use of the future tax benefit is doubtful, since
the  Company  has  no  operations  on  which  to  project  future  net  profits.

The  loss  carryover  will  expire  starting  in  2014  through  2020.

Earnings  (Loss)  Per  Share
----------------------------

Earnings  (loss)  per  share  amounts are computed based on the weighted average
number  of  shares  actually  outstanding.

Financial  Instruments
----------------------

The  carrying  amounts  of  financial  instruments, including cash  and accounts
payable,  are  considered by management to be their estimated fair values. These
values  are  not  necessarily  indicative  of the amounts that the Company could
realize  in  a  current  market  exchange.


<PAGE>
                              HADRO RESOURCES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)



Estimates  and  Assumptions
---------------------------

Management  uses  estimates and assumptions in preparing financial statements in
accordance  with  generally accepted accounting principles.  Those estimates and
assumptions  affect  the  reported  amounts  of  the assets and liabilities, the
disclosure  of  contingent assets and liabilities, and the reported revenues and
expenses.  Actual  results  could  vary  from the estimates that were assumed in
preparing  these  financial  statements.

Comprehensive  Income
---------------------

The  Company  adopted  Statement  of Financial Accounting Standards No. 130. The
adoption  of  this  standard  had no impact on the total stockholder's equity on
December  31,  1999.

Recent  Accounting  Pronouncements
----------------------------------

The  Company  does  not  expect  that  the  adoption  of other recent accounting
pronouncements  will
have  a  material  impact  on  its  financial  statements.

3.  RELATED  PARTY  TRANSACTIONS

Related  parties  have  acquired  58%  of  the  common  stock  issued.

4.  GOING  CONCERN

Management  is  currently seeking a business opportunity  which it  believes can
be profitable.  To be successful in this effort the Company will need additional
working  capital.

Continuation  of  the  Company  as  a  going concern is dependent upon obtaining
additional  working  capital  and  the management of the Company has developed a
strategy,  which  it  believes will accomplish this objective through additional
equity  funding,  and  long  term  financing,  which  will enable the Company to
operate  in  the  future.

Management  recognizes  that,  if  it is unable to raise additional capital, the
Company  cannot  be  successful  in  its  efforts.