SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

            QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE

                         SECURITIES EXCHANGE ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2002

                            Commission File #0-30503

                          PANGEA PETROLEUM CORPORATION
        (Exact name of small business issuer as specified in its charter)

                                    COLORADO
         (State or other jurisdiction of incorporation or organization)

                                   76-0635938
                      (IRS Employer Identification Number)

                5090 Richmond Avenue, #425, Houston, Texas 77056
               (Address of principal executive offices)(Zip Code)

                                 (910) 457-1121
                (Registrant's telephone no., 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.
Yes  [X]  No  [ ]

The  number  of shares outstanding of the Company's common stock as of March 31,
2002  is  shown  below:

Title  of  Class                                    Number of Shares Outstanding
Common Stock, par value $.001 per share             53,456,900


                    Documents Incorporated by Reference: None


5/20/2002                      Pangea 2001 10-K                           Page 1
<PAGE>
                          PANGEA PETROLEUM CORPORATION

                                   FORM 10-QSB

                                Table of Contents

PART  I  -  FINANCIAL  INFORMATION

Item  1  -  Financial  Statements

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

PART II  -  OTHER INFORMATION

Item  2  -  Changes  in  Securities  and  Use  of  Proceeds

Item  6  -  Reports  on  Form  8-K

SIGNATURES

                         PART I - FINANCIAL INFORMATION

Item  1.  Consolidated  Financial  Statements
The  financial  statements  of  the company are set forth beginning on page F-1.


<PAGE>


                          PANGEA PETROLEUM CORPORATION
                                   __________



              UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
               FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001



                                       F-1
<PAGE>
                          PANGEA PETROLEUM CORPORATION
                                TABLE OF CONTENTS
                                   __________


                                                                            PAGE
                                                                            ----

Unaudited Consolidated Condensed Financial Statements:

  Unaudited Consolidated Condensed Balance Sheets as of
    March 31, 2002 and December 31, 2001                                     F-3

  Unaudited Consolidated Condensed Statements of Operations
    for the three months ended March 31, 2002 and 2001                       F-4

  Unaudited Consolidated Condensed Statements of Stockholders'
    Equity for the three months ended March 31, 2002                         F-5

  Unaudited Consolidated Condensed Statements of Cash Flows
    for the three months ended March 31, 2002 and 2001                       F-6

Notes to Unaudited Consolidated Condensed Financial Statements               F-7


                                       F-2
<PAGE>
<TABLE>
<CAPTION>
                          PANGEA PETROLEUM CORPORATION
                 UNAUDITED CONSOLIDATED CONDENSED BALANCE SHEET
                                   __________


                                                           MARCH 31,     DECEMBER 31,
                                                             2002            2001
     ASSETS                                               (UNAUDITED)       (NOTE)
     ------                                              -------------  --------------
<S>                                                      <C>            <C>
Current assets:
  Cash                                                   $        730   $      17,377
  Accounts receivable, net                                     14,198          14,188
  Prepaid expenses                                              1,693           1,693
                                                         -------------  --------------

    Total current assets                                       16,621          33,258
                                                         -------------  --------------

Property held for investment                                   46,642          46,642

Investment in Paradigm Advanced Technologies, Inc.            125,000         125,000

Property and equipment                                        562,390         562,390
  Less accumulated depreciation, depletion and
    amortization                                             (102,790)       (101,482)
                                                         -------------  --------------

  Net property and equipment                                  459,600         460,908
                                                         -------------  --------------

      Total assets                                       $    647,863   $     665,808
                                                         =============  ==============


LIABILITIES AND STOCKHOLDERS' DEFICIT
-------------------------------------

Current liabilities:
  Accounts payable                                       $  1,516,745   $   1,557,590
  Accrued liabilities                                          71,937          52,716
  Notes payable to related parties                            491,580         474,480
                                                         -------------  --------------

    Total current liabilities                               2,080,262       2,084,786

Notes payable to related parties, net of current
  portion                                                      37,846          44,946
                                                         -------------  --------------

      Total liabilities                                     2,118,108       2,129,732
                                                         -------------  --------------

Commitments and contingencies

Stockholders' equity (deficit):
  Common stock: $.001 par value; 100,000,000 shares
    authorized; 53,456,900 and 52,186,900 shares issued
    and outstanding at December 31, 2001 and 2000,
    respectively                                               53,457          52,187
  Additional paid-in capital                               14,777,361      14,717,956
  Accumulated deficit                                     (16,262,563)    (16,218,067)
                                                         -------------  --------------

                                                           (1,431,745)     (1,447,924)
  Less common stock subscriptions receivable                  (38,500)        (16,000)
                                                         -------------  --------------

      Total stockholders' deficit                          (1,470,245)     (1,463,924)
                                                         -------------  --------------

        Total liabilities and stockholders' deficit      $    647,863   $     665,808
                                                         =============  ==============


<FN>
Note:  The  balance  sheet  at  December  31,  2001  has been derived from the audited
financial  statements  at  that  date  but does not include all of the information and
footnotes  required by generally accepted accounting principles for complete financial
statements.
</TABLE>

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


                                       F-3
<PAGE>
<TABLE>
<CAPTION>
                          PANGEA PETROLEUM CORPORATION
            UNAUDITED CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS
               FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001
                                   __________


                                              MARCH 31,     MARCH 31,
                                                 2002          2001
                                             ------------  ------------
<S>                                          <C>           <C>
Revenues:
  Sales and operating revenues               $    31,895   $         -
                                             ------------  ------------

    Total revenues                                31,895             -
                                             ------------  ------------

Costs and expenses:
  Selling, general and administrative             56,875       788,927
  Depreciation, depletion and amortization             -         1,845
  Interest expense                                19,516             -
                                             ------------  ------------

    Total costs and expenses                      76,391       790,772
                                             ------------  ------------

      Net loss                               $   (44,496)  $  (790,772)
                                             ============  ============


Basic and diluted net loss per common share  $     (0.00)  $     (0.02)
                                             ============  ============

Weighted average common shares                52,660,178    43,356,020
                                             ============  ============
</TABLE>

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


                                       F-4
<PAGE>
<TABLE>
<CAPTION>
                                            PANGEA PETROLEUM CORPORATION
                                  CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT
                                 FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001
                                                     __________


                                                                                                    TOTAL
                                                      ADDITIONAL                    STOCK       STOCKHOLDERS'
                                    COMMON STOCK       PAID-IN      RETAINED     SUBSCRIPTIONS     EQUITY
                                  SHARES    AMOUNT     CAPITAL      EARNINGS      RECEIVABLE      (DEFICIT)
                                ----------  -------  -----------  -------------  -------------  -------------
<S>                             <C>         <C>      <C>          <C>            <C>           <C>
Balance at December 31, 2001    52,186,900  $52,187  $14,717,956  $(16,218,067)  $    (16,000)  $ (1,463,924)

Issuance of stock for cash       1,205,000    1,205       43,870             -        (22,500)        22,575

Issuance of stock for services      65,000       65       15,535             -              -         15,600

Net loss                                 -        -            -       (44,496)             -        (44,496)
                                ----------  -------  -----------  -------------  -------------  -------------

Balance at March 31, 2002       53,456,900  $53,457  $14,777,361  $(16,262,563)  $    (38,500)  $ (1,470,245)
                                ==========  =======  ===========  =============  =============  =============
</TABLE>

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


                                       F-5
<PAGE>
<TABLE>
<CAPTION>
                          PANGEA PETROLEUM CORPORATION
            UNAUDITED CONSOLIDATED CONDENSED STATEMENT OF CASH FLOWS
               FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001
                                   __________


                                                          MARCH 31,    MARCH 31,
                                                            2002          2001
                                                         -----------  ------------
<S>                                                      <C>          <C>
Cash flows from operating activities:
  Net loss                                               $  (44,496)  $  (790,772)
  Adjustments to reconcile net loss to net cash
    used in operating activities:
    Depreciation expense                                      1,308         1,845
    Stock issued as compensation for services                15,600        52,364
    Issuance of compensatory stock options                        -       169,250
    Changes in operating assets and liabilities, net of
      effects of acquisition:
      Accounts receivable                                       (10)       20,505
      Accounts payable and accrued liabilities              (21,624)    1,165,118
                                                         -----------  ------------

        Net cash (used in) provided by operating
          activities                                        (49,222)      618,310
                                                         -----------  ------------

Cash flows from investing activities:
  Purchase of investment real estate                              -    (2,375,740)
                                                         -----------  ------------

        Net cash used in investing activities                     -    (2,375,740)
                                                         -----------  ------------

Cash flows from financing activities:
  Proceeds from the sale of common stock                     22,575       825,773
  Proceeds from notes payable to related parties             10,000             -
  Proceeds from the exercise of stock options                     -       712,500
                                                         -----------  ------------

         Net cash provided by financing activities           32,575     1,538,273
                                                         -----------  ------------

Net decrease in cash and cash equivalents                   (16,647)     (219,157)

Cash and cash equivalents at beginning of year               17,377       629,186
                                                         -----------  ------------

Cash and cash equivalents at end of year                 $      730   $   410,029
                                                         ===========  ============
</TABLE>

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


                                       F-6
<PAGE>
                          PANGEA PETROLEUM CORPORATION
         NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                                   __________

1.   ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
     ----------------------------------------------------

     ORGANIZATION
     ------------

     Pangea  Petroleum  Corporation  (the  "Company"), is a Colorado corporation
     engaged  in  oil  and  gas  exploration  and  development.  The Company was
     originally incorporated in 1997 as Zip Top, Inc. and subsequently adopted a
     name change to Pangea Petroleum Corporation. On April 26, 2000, the Company
     was recapitalized when the Company acquired the non-operating public shell,
     Segway  II  Corporation. Segway II Corporation had no significant assets or
     liabilities  at  the  date of acquisition and, accordingly, the transaction
     was  accounted  for  as  a  recapitalization.  In  October 2000 the Company
     acquired  its  wholly  owned  subsidiary,  Mass  Energy,  Inc.


2.   ACCOUNTING ESTIMATES
     ---------------------

     The  preparation  of  financial  statements  in  conformity with accounting
     principles  generally  accepted  in  the  United States of America requires
     management  to  make  estimates  and  assumptions  that affect the reported
     amounts  of  assets and liabilities at the date of the financial statements
     and  the  reported  amounts  of  revenue  and expenses during the reporting
     period.  Actual  results could differ from those estimates. These estimates
     mainly  involve  the useful lives of property and equipment, the impairment
     of  unproved  oil  and gas properties, the valuation of deferred tax assets
     and  the  realizability  of  accounts  receivable.


3.   INTERIM FINANCIAL STATEMENTS
     ------------------------------

     The  accompanying  unaudited  consolidated  financial  statements have been
     prepared  in  accordance  with generally accepted accounting principles for
     interim  financial information and with the instructions to Form 10-QSB and
     Article  10  of Regulation S-B. Accordingly, they do not include all of the
     information  and  footnotes  required  by  generally  accepted  accounting
     principles for complete financial statements. In the opinion of management,
     all  adjustments  (consisting  of  normal  recurring  accruals)  considered
     necessary for a fair presentation have been included. Operating results for
     the  three  month periods ended March 31, 2002 and 2001 are not necessarily
     indicative  of  the  results  that  may be expected for the respective full
     years.

     A  summary  of  the  Company's  significant  accounting  policies and other
     information  necessary  to  understand these consolidated interim financial
     statements  is  presented  in  the  Company's  audited financial statements
     included  in  Form  10-K  for  the  years ended December 31, 2001 and 2000.
     Accordingly,  the  Company's audited financial statements should be read in
     connection  with  these  financial  statements.


4.   GOING  CONCERN  CONSIDERATIONS
     ------------------------------

     Since  its  inception,  the  Company  has  suffered  recurring  losses from
     operations  and  has  been  dependent  on  existing  stockholders  and  new
     investors  to  provide the cash resources to sustain its operations. During
     the years ended December 31, 2001 and 2000, the Company reported net losses
     and  negative  cash  flows  from  operations  as  follows:


                                       F-7
<PAGE>
                          PANGEA PETROLEUM CORPORATION
    NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS, CONTINUED
                                   __________


4.   GOING  CONCERN  CONSIDERATIONS,  CONTINUED
     ------------------------------------------

                                                 2001          2000
                                             ------------  ------------
        Net loss                             $(9,000,347)  $(6,502,646)
        Negative cash flows from operations  $  (396,624)  $(1,573,624)

     The  Company's  continuing  negative  operating  results produced a working
     capital  deficit  of  $(2,051,528) at December 31, 2001 and have caused the
     Company  to become severely delinquent on various accounts payable. Vendors
     have  initiated legal actions against Mass Energy, Inc. to force payment of
     past  due  accounts,  but  Mass  Energy, Inc. and the Company lack the cash
     resources  to  make  such  payments. Accordingly, the results of such legal
     actions  cannot  be  predicted. These factors raise substantial doubt about
     the  Company's  ability  to  continue  as  a  going  concern.

     The  Company's  strategic  plan  for dealing with its cash flow problems is
     currently being developed, but may include additional private placements of
     the  Company's  common  stock, the abandonment of unprofitable projects and
     the  exchange  of common stock for settlement of vendor accounts. There can
     be no assurance that any of the plans developed by the Company will produce
     cash  flows  sufficient  to  overcome  current  liquidity  problems.

     The  Company's  long-term  viability  as  a  going  concern is dependent on
     certain  key  factors,  as  follows:

          -    The  Company's  ability  to  obtain  adequate  sources of outside
               financing  to  convince vendors to drop legal actions against the
               Company and to allow the Company to continue forward with current
               exploration  efforts.

          -    The  Company's  ability  to  locate,  prove  and  produce  from
               economically  viable  oil  and  gas  reserves.

          -    The  Company's  ability  to  ultimately  achieve  adequate
               profitability  and  cash  flows to sustain continuing operations.


5.   INCOME  TAXES
     -------------

     The Company has incurred losses since its inception and, therefore, has not
     been subject to federal income taxes. As of March 31, 2002, the Company had
     net  operating  loss  ("NOL")  carryforwards  for  income  tax  purposes of
     approximately  $19,400,000  which expire in various tax years through 2022.
     Under  the  provisions of Section 382 of the Internal Revenue Code, the net
     operating loss carryforwards resulting from the acquisition of Mass Energy,
     Inc.  and the ownership change in the Company when it recapitalized in 2000
     could  severely limit the Company's ability to utilize its NOL carryforward
     to  reduce future taxable income and related tax liabilities. Additionally,
     because  United  States  tax  laws  limit  the  time  during  which  NOL
     carryforwards may be applied against future taxable income, the Company may
     be unable to take full advantage of its NOL for federal income tax purposes
     should  the  Company  generate  taxable  income.


                                       F-8
<PAGE>
                          PANGEA PETROLEUM CORPORATION
    NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS, CONTINUED
                                   __________


5.   INCOME  TAXES,  CONTINUED
     -------------------------

     The difference between the income tax benefit in the accompanying statement
     of  operations  and  the  amount  that  would  result  if  the U.S. federal
     statutory  rate  of  34%  were applied to pre-tax loss for the three months
     ended  March  31,  2002  and  2001  relates  primarily  to increases in the
     valuation  allowances  for  deferred  tax  assets  related to net operating
     losses.


6.   RELATED  PARTY  TRANSACTIONS
     ----------------------------

     During the three months ended March 31, 2002, the Company obtained proceeds
     under  a  $10,000  note  payable  to  a related party. The note is due upon
     demand,  bears  interest  at  a  stated  rate  of  10%  per  year  and  is
     uncollateralized.  The  Company  has also agreed to issue the related party
     100,000 shares of the Company's common stock with a fair value of $5,000 as
     an  origination  fee.


7.   NON-CASH  INVESTING  AND  FINANCING  ACTIVITIES
     -----------------------------------------------

     During  the three months ended March 31, 2002 and 2001, the Company engaged
     in  various  non-cash  financing  and  investing  activities  as  follows:

                                                     2001          2000
                                                 ------------  ------------

     Subscription receivable for issuance of
       common  stock                             $     22,500  $          -


                                       F-9
<PAGE>
Item  2.  Management's  Discussion  and  Analysis  of  Financial  Condition and
Results  of  Operations.

FORWARD-LOOKING  INFORMATION-GENERAL

This report contains a number of forward-looking statements, which reflect the
Company's current views with respect to future events and financial performance
including statements regarding the Company's projections. These forward-looking
statements are subject to certain risks and uncertainties that could cause
actual results to differ materially from historical results or those
anticipated. In this report, the words "anticipates", "believes", "expects",
"intends", "future", "plans", "targets" and similar expressions identify
forward-looking statements. Readers are cautioned to not place undue reliance on
the forward-looking statements contained herein, which speak only as of the date
hereof the Company undertakes no obligation to publicly revise these
forward-looking statements, to reflect events or circumstances that may arise
after the date hereof. Additionally, these statements are based on certain
assumptions that may prove to be erroneous and are subject to certain risks
including, but not limited to, the Company's dependence on limited cash
resources, and its dependence on certain key personnel within the Company.
Accordingly, actual results may differ, possibly materially, from the
predictions contained herein.

GENERAL
Pangea Petroleum Corporation ("Pangea" or "Company"), a Colorado corporation,
was organized on March 11, 1997, as Zip Top, Inc. On December 11, 1998, the
Company changed our name to Pangea Petroleum Corporation. Pangea has one
subsidiary; Mass Energy, Inc. Pangea is located at 5090 Richmond, #425, Houston,
Texas 77056.


5/20/2002                      Pangea 2001 10-K                           Page 2
<PAGE>
Since its inception, the Company has suffered recurring losses from operations
and has been dependent on existing stockholders and new investors to provide the
cash resources to sustain its operations. The Company's continuing negative
operating results have produced a working capital deficit of $(16,262,563) at
March 31, 2002 and have caused the Company's subsidiary Mass Energy, Inc. to
become severely delinquent on various accounts payable. Vendors have initiated
legal actions against Mass Energy, Inc. to force payment of past due accounts,
but Mass Energy, Inc. lacks the cash resources to make such payments.
Accordingly, the results of such legal actions cannot be predicted. These
factors raise substantial doubt about the Company's ability to continue as a
going concern.

The Company's strategic plan for dealing with its cash flow problems is
currently being developed, but may include additional private placements of the
Company's common stock, the abandonment of unprofitable projects and the
exchange of common stock for settlement of vendor accounts. There can be no
assurance that any of the plans developed by the Company will produce cash flows
sufficient to overcome current liquidity problems.

The Company's long-term viability as a going concern is dependent on certain key
factors,  as  follows:

- The Company's ability to obtain adequate sources of outside financing to
convince vendors to drop legal actions against the Company and to allow the
Company to continue forward with current exploration efforts.

- The Company's ability to locate, prove and produce from economically viable
oil and gas reserves.

- The Company's ability to ultimately achieve adequate profitability and cash
flows to sustain continuing operations.


RESULTS  OF  OPERATIONS

In the first quarter of 2002, the results of the Company oil and gas investments
through its subsidiary Mass Energy have yielded revenue only $31,895. These
revenues are substantially less than what the Company expected when investments
were made in the Jackson County well. The first Mass Energy well in Jackson
County has produced substantially less product than the Company was lead to
believe by experts and the well also incurred a very substantial cost over run.
Consequently, that well is now judged to be non-economic to produce. The Company
is currently evaluating its investment in Mass Energy and expects to make a
decision on that investment before the middle of the year. The Company's Duval
County well has produced since the third quarter, however revenue from that
activity is currently tied up in a legal dispute between Pangea and the operator
of the well. The Company expects to prevail in this case.

COMPARISON OF QUARTER ENDED MARCH 31, 2001 TO YEAR ENDED MARCH 31, 2002.

The net loss for the quarter ended March 31, 2002 compared to March 31, 2001 is
due to the lack of active drilling on the part of the subsidiary, Mass Energy.
The balance sheet for the two quarters has remained consistent since most of the
costs incurred by Mass Energy for their drilling in Jackson County was in the
first quarter of 2001.


5/20/2002                      Pangea 2001 10-K                           Page 3
<PAGE>
LIQUIDITY  AND  CAPITAL  RESOURCES

The Company's Mass Energy subsidiary has accounts payable of more approximately
1.3 million, Mass Energy also has notes receivables of more than $.2 million and
property and equipment valued at approximately $.4 million. The receivables may
not be collectable and the liquidity of Mass is in doubt. Pangea has essentially
no long term debt and assets valued at more than $100,000.

2002 Outlook

The Company is liquid and intends to invest in additional oil and gas projects.
The Company intends to convert current assets into cash in order to invest in
projects. The investment level will be heavily dependent on securing additional
capital from investors or debt. There is no assurance that additional equity or
debt financing will be available on terms acceptable to Management. Management
also believes that the Company will prevail in the previously mentioned legal
action against the operator of the Duval County well.

The market price of the Company's common stock has fluctuated significantly
since it began to be publicly traded in 1997 and may continue to be highly
volatile. Factors such as the ability of the Company to achieve development
goals, ability of the Company to profitably complete energy projects, the
ability of the Company to raise additional funds, general market conditions and
other factors affecting the Company's business that are beyond the Company's
control may cause significant fluctuations in the market price of the Company's
common stock. The market prices of the stock of many energy companies have
fluctuated substantially, often unrelated to the operating or research and
development performance of the specific companies. Such market fluctuations
could adversely affect the market price for the Company's common stock.


                                     PART II

Pursuant to the Instructions on Part II of the Form 10-QSB, Items 1, 3, and 5
are omitted.

Item 2. Changes in Securities

The following information sets forth certain information as of March 31, 2002,
for all securities the Company sold since July 1, 2000, without registration
under the Act, excluding any information "previously reported as defined in Rule
12B-2 of the Securities Exchange Act of 1934." There were no underwriters in any
of these transactions, nor were any sales commissions paid thereon.

Pangea sold 1,200,000 total shares of restricted stock for a total price of
$45,000 on February 1, 2002 to two accredited investors.  Each accredited
investor paid $22,500 each for 600,000 shares.

On February 25, 2002, Pangea issued 5,000 shares of restricted stock in
consideration for the settlement of an outstanding dispute.


Item 4. Submission of Matters to a Vote of Security Holders.

None


5/20/2002                      Pangea 2001 10-K                           Page 4
<PAGE>
Item  6.  Exhibits  and  Reports  on  Form  8-K

(a)     Exhibits  -  None
(b)     Reports  on  Form  8-K  --  None


5/20/2002                      Pangea 2001 10-K                           Page 5
<PAGE>
                                   SIGNATURES
Pursuant  to  the requirements of section 13 or 15(d) of the Securities Exchange
Act  of  1934,  the undersigned has duly caused this Form 10-QSB to be signed on
its  behalf  by  the  undersigned,  there  unto  duly authorized, in the City of
Houston,  Texas,  on  May  20,  2002.

PANGEA PETROLEUM CORPORATION

By:  /s/  Charles  B.  Pollock                            Date: May 20, 2002
     -------------------------------------
     Charles  B.  Pollock,
     Chairman of the Board, and Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1933, this 10-QSB
has  been  signed below by the following persons on behalf of the registrant and
in  the  capacities  and  on  the  date  indicated.

By:  /s/  Charles  B.  Pollock                            Date: May 20, 2002
     Charles  B.  Pollock,
     Chairman of the Board, and Chief Executive Officer


By:  /s/  AJ  Leigh,  III                                 Date: May 20, 2002
     -------------------------------------
     AJ  Leigh,  III,
     Chief  Financial  Officer


By:  /s/  Edward  R.  Skaggs                              Date: May 20, 2002
     -------------------------------------
     Edward  R.  Skaggs,  Director


5/20/2002                      Pangea 2001 10-K                           Page 6
<PAGE>