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

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

                                   FORM 10-QSB

|X|   Quarterly report pursuant to section 13 or 15(d) of the Securities
      Exchange Act of 1934

      For the quarterly period ended September 30, 2005

                                       OR

|_|   Transition report pursuant to section 13 or 15(d) of the Securities
      Exchange Act of 1934

      For the transition period from________________to________________

                        Commission file number 333-116890

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

                          COLLEGE OAK INVESTMENTS, INC.
             (Exact Name of Registrant as Specified in Its Charter)

                 Nevada                                          30-0226902
    (State or Other Jurisdiction of                           (I.R.S. Employee
     Incorporation or Organization)                          Identification No.)

            20022 Creek Farm
           San Antonio, Texas                                       78259
(Address of principal executive offices)                         (Zip Code)

                                 (210) 418-5177
              (Registrant's Telephone Number, Including Area Code)

              (Former Name, Former Address and Former Fiscal Year,
                         if Changed Since Last Report)

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

      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 requirement for the past 90 days: Yes |X| No |_|

      The number of shares outstanding of each of the issuer's classes of common
equity, as of November 1, 2005: 19,320,000

      Transitional Small Business Disclosure Format (check one): Yes |_| No |X|

<PAGE>

                                     PART I
                              FINANCIAL INFORMATION

Item 1. Financial Statements.

                          COLLEGE OAK INVESTMENTS, INC.
                    (Formerly COASTAL ENERGY SERVICES, INC.)
                          (A Development Stage Company)
                                  BALANCE SHEET
                               September 30, 2005
                                   (Unaudited)

ASSETS
  Cash                                                             $     37,242
                                                                   ------------
      Total current assets                                               37,242

     Other assets                                                         1,605
                                                                   ------------
      Total assets                                                 $     38,847
                                                                   ============

LIABILITIES & STOCKHOLDERS' DEFICIT

  Accounts payable and accrued liabilities                         $    109,309

  Convertible notes, net of discount                                    224,241
                                                                   ------------
      Total current liabilities                                         333,550

  Note payable                                                           16,293
                                                                   ------------
      Total liabilities                                                 349,843

  Commitments and contingencies                                              --

STOCKHOLDERS' DEFICIT

  Preferred stock, $.001 par value,
    10,000,000 shares authorized,
    none issued and outstanding                                              --

  Common stock, $.001 par value,
    140,000,000 shares authorized,
    19,320,000 shares issued and outstanding                             19,320

  Additional paid-in-capital                                         16,691,365

  Deficit accumulated during the development stage                  (17,021,681)
                                                                   ------------
      Total stockholders' deficit                                      (310,996)
                                                                   ------------
      Total liabilities & stockholders' deficit                    $     38,847
                                                                   ============

                 See accompanying summary of accounting policies
                       and notes to financial statements.

<PAGE>

                          COLLEGE OAK INVESTMENTS, INC.
                    (Formerly COASTAL ENERGY SERVICES, INC.)
                          (A Development Stage Company)
                             STATEMENTS OF EXPENSES
          Three and Nine-Month Periods Ended September 30, 2005 and the
      Periods from June 29, 2004 (Inception) Through September 30, 2004 and
                               September 30, 2005
                                   (Unaudited)

<TABLE>
<CAPTION>
                              Three Months      Nine Months       Inception        Inception
                                  Ended            Ended           Through          Through
                              September 30,    September 30,    September 30,    September 30,
                              -------------    -------------    -------------    -------------
                                  2005              2005            2004             2005
                                  ----              ----            ----             ----
<S>                           <C>              <C>              <C>              <C>
General and administrative
   expenses                   $     61,123     $    343,549     $      1,654     $    435,012

Share based compensation                --       16,462,694               --       16,462,694

Interest expense                    66,874          123,131              375          123,975
                              ------------     ------------     ------------     ------------
     Total expenses                127,997       16,929,374            2,029       17,021,681
                              ------------     ------------     ------------     ------------
     Net loss                 $   (127,997)    $(16,929,374)    $     (2,029)    $(17,021,681)
                              ============     ============     ============     ============

Basic and diluted net loss
  per common share            $      (0.01)    $      (1.29)
                              ============     ============
Weighted average common
  shares outstanding            19,320,000       13,157,121
                              ============     ============
</TABLE>

                 See accompanying summary of accounting policies
                       and notes to financial statements.

<PAGE>

                          COLLEGE OAK INVESTMENTS, INC.
                    (Formerly COASTAL ENERGY SERVICES, INC.)
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                  Nine-Months Ended September 30, 2005 and the
      Periods from June 29, 2004 (Inception) Through September 30, 2004 and
                               September 30, 2005
                                   (Unaudited)

<TABLE>
<CAPTION>
                                          Nine Months       Inception        Inception
                                             Ended           Through          Through
                                         September 30,    September 30,    September 30,
                                         -------------    -------------    -------------
                                             2005             2004             2005
                                             ----             ----             ----
<S>                                      <C>              <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                 $(16,929,374)    $     (2,029)    $(17,021,681)
Adjustments to reconcile net loss to
 Cash used in operating activities:
  Share based compensation                 16,462,694               --       16,462,694
 Amortization of debt discount                105,642               --          105,642

Changes in:
 Increase in accounts payable
  and accrued liabilities                      32,265              375          109,572
                                         ------------     ------------     ------------
NET CASH USED IN OPERATING ACTIVITIES        (328,773)          (1,654)        (343,773)
                                         ------------     ------------     ------------
CASH FLOWS FROM INVESTING ACTIVITIES
 Investment in joint venture                     (749)              --             (749)
                                         ------------     ------------     ------------
NET CASH FLOWS USED IN INVESTING
  ACTIVITIES                                     (749)              --             (749)
                                         ------------     ------------     ------------
CASH FLOWS FROM FINANCING ACTIVITIES
 Proceeds from note payable                        --           15,000           15,000
 Proceeds from sale of common stock            16,764               --           16,764
 Proceeds from convertible notes              350,000               --          350,000
                                         ------------     ------------     ------------
NET CASH PROVIDED BY FINANCING
  ACTIVITIES                                  366,764           15,000          381,764
                                         ------------     ------------     ------------
NET CHANGE IN CASH                             37,242           13,346           37,242
  Cash balance, beginning of period                --               --               --
                                         ------------     ------------     ------------
  Cash balance, end of period            $     37,242     $     13,346     $     37,242
                                         ============     ============     ============
SUPPLEMENTAL DISCLOSURES:
  Cash paid for interest                 $         --     $         --     $         --
  Cash paid for income taxes             $         --     $         --     $         --
</TABLE>

                 See accompanying summary of accounting policies
                       and notes to financial statements.

<PAGE>

                          COLLEGE OAK INVESTMENTS, INC.
                    (Formerly COASTAL ENERGY SERVICES, INC.)
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of College Oak
Investments, Inc. (formerly Coastal Energy Services, Inc.) have been prepared in
accordance with accounting principles generally accepted in the United States of
America and the rules of the Securities and Exchange Commission, and should be
read in conjunction with Coastal's audited 2004 annual financial statements and
notes thereto contained in College Oak's Form 8-K/A. In the opinion of
management, all adjustments, consisting of normal recurring adjustments,
necessary for a fair presentation of financial position and the results of
operations for the interim periods presented have been reflected herein. The
results of operations for interim periods are not necessarily indicative of the
results to be expected for the full year. Notes to the financial statements,
which would substantially duplicate the disclosure contained in Coastal's
audited 2004 annual financial statements, as reported in College Oak's Form
8-K/A, have been omitted.

Stock Compensation. College Oak adopted the disclosure requirements of Financial
Accounting Standard No. 123, Accounting for Stock-Based Compensation FAS No. 123
and FAS No. 148 with respect to pro forma disclosure of compensation expense for
options issued. For purposes of the pro forma disclosures, the fair value of
each option grant is estimated on the grant date using the Black-Scholes
option-pricing model.

College Oak accounts for its employee stock-based compensation plans under
Accounting Principles Board ("APB") Opinion No. 25, Accounting for Stock Issued
to Employees. College Oak granted 12,600,000 options to purchase common stock to
employees during the nine months ended September 30, 2005. All options vest
immediately, have an exercise price of $0.05 per share and expire 5 years from
the date of grant. College Oak recorded compensation expense of $10,080,000
under the intrinsic value method during the nine month period ended September
30, 2005.

<PAGE>

The following table illustrates the effect on net loss and net loss per share if
College Oak had applied the fair value provisions of FASB Statement No. 123,
Accounting for Stock-Based Compensation, to stock-based employee compensation.

                                         Three Months Ended   Nine Months Ended
                                         September 30, 2005   September 30, 2005
                                         ------------------   ------------------
Net loss as reported                        $   (127,997)        $(16,929,374)
Add: share based
 compensation determined
 under intrinsic value
 based method                                         --           10,080,000

Less: share based
 compensation determined
 under fair value
 based method                                         --          (10,710,000)
                                            ------------         ------------
Pro forma net loss                          $   (127,997)        $(17,559,374)
                                            ============         ============
Basic and diluted net loss
 per common share:
 As reported                                $      (0.01)        $      (1.29)
                                            ============         ============
 Pro Forma                                  $      (0.01)        $      (1.33)
                                            ============         ============

The weighted average fair value of the stock options granted during 2005 $0.85.
Variables used in the Black-Scholes option-pricing model include (1) 3.9%
risk-free interest rate, (2) expected option life is the actual remaining life
of the options as of each period end, (3) expected volatility was 553%, and (4)
zero expected dividends.

NOTE 2 - REVERSE MERGER TRANSACTION

On April 6, 2005 (the effective date), College Oak acquired Coastal in exchange
for 17,206,000 shares of College Oak common stock. Coastal was merged with and
into College Oak with College Oak continuing as the surviving entity.

The share issuance resulted in the Coastal shareholders controlling
approximately 89% of College Oak's issued and outstanding shares of common
stock. Consequently, the transaction is being accounted for as a reverse merger
with Coastal being deemed the accounting acquirer. Since the transaction
involved the merger of a private company (Coastal) into a public shell (College
Oak), it is considered to be a capital transaction rather than a purchase
business combination. For financial accounting and reporting purposes, the
historical financial statements of College Oak prior to the effective date have
been restated to be those of Coastal.

NOTE 3 - CONVERTIBLE NOTES

During April 2005, Coastal borrowed $350,000. The notes are convertible at any
time into shares of Coastal's common stock at an effective conversion rate of
$0.21 per share, accrue interest at the rate of 10% per annum and mature in
twelve months from the date of issuance. Based on the effective conversion rate
of $0.21, Coastal has recognized a beneficial conversion feature on the notes of
$231,401 which was recorded as a debt discount. The discount is being amortized
over the life of the Notes. As of September 30, 2005, $125,758 of the discount
had been amortized.

<PAGE>

As of the effective date, the notes became convertible into an equal number of
College Oak shares.

NOTE 4 - ISSUANCE OF COMMON STOCK

On March 28, 2005, Coastal issued 17,006,000 shares as follows:

o 100,000 shares of common stock for services valued at $35,000 and is included
in share based compensation; and o 16,906,000 shares of common stock valued at
$5,917,100 for cash proceeds of $16,906. The $5,900,194 of value in excess of
the cash proceeds received has been charged to expense as share based
compensation;

The value of the shares issued was determined by reference to the closing price
of College Oak's stock on the date of issuance.

NOTE 5 - STOCK OPTION GRANTS

On April 1, 2005, Coastal granted stock options to a non-employee to purchase up
to 500,000 shares of common stock at $0.30 per share. The option shall terminate
no later than March 31, 2010 and may be exercised in whole or in part, at any
time from and after October 1, 2005. The fair value of the option was $150,000
and has been fully expensed as share based compensation. As of the effective
date of the merger, the shares available in connection with the option converted
into an equal number of College Oak shares.

On April 29, 2005, College Oak granted stock options to seven persons, five of
which are company directors and/or officers and two of which are non-employees,
to acquire up to 12,950,000 shares of College Oak's common stock. The options
are immediately exercisable at $0.05 per share and will expire on April 28,
2010. The options were granted as an inducement to retain management and for
services rendered to College Oak. The intrinsic value of the options granted to
the employees was $10,080,000 and has been expensed as share based compensation.
The fair value of the options granted to the non-employees was $297,500 and has
been expensed as share based compensation.

<PAGE>

Item 2. Management's Plan of Operation.

College Oak Investments, Inc. ("we", "our" or the "Company") has recently been
reorganized to engage in the energy industry. Presently, the Company is pursuing
a number of potential acquisitions and or joint ventures relating to natural gas
and/or oil properties. We are a "shell company" as that term is defined in Rule
405 promulgated under the Securities Act of 1933 and Rule 12b-2 promulgated
under the Securities Exchange Act of 1934 ("Exchange Act"). As such, we are
subject to rules recently adopted by the Securities and Exchange Commission
applicable to shell companies. In particular, upon completion of a merger,
capital stock exchange, asset acquisition or other similar business combination
with a third party (a "Business Combination"), we will be obligated to disclose
on an accelerated basis the same type of information we would be required to
provide in registering a class of securities under the Exchange Act.

Item 3. Controls and Procedures

Our CEO/CFO, after evaluating the effectiveness of our "disclosure controls and
procedures" (pursuant to the Securities Exchange Act of 1934) as of the end of
the period covered by this quarterly report (the "Evaluation Date"), has
concluded that as of the Evaluation Date, our disclosure controls and procedures
were adequate and designed to ensure that material information required to be
included in our periodic SEC filings is (1) recorded, processed, summarized and
reported, within the time periods specified in the Commission's rules and forms;
and (2) accumulated and communicated to him as appropriate to allow timely
decisions regarding disclosure, except that adjustments were required by our
auditors in their review. We are reviewing our accounting department procedures
to ensure that future adjustments in these areas are not required. There were no
significant changes in our internal control over financial reporting during the
period ended September 30, 2005 that materially affected, or were reasonably
likely to materially affect, our internal control over financial reporting.

<PAGE>

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

      (a) Exhibits

      Exhibit Number                Description
--------------------------------------------------------------------------------

      31.1                    Certification of Chief Executive Officer pursuant
                              to Section 302 of the Sarbanes-Oxley Act of 2002
      31.2                    Certification of Chief Financial Officer pursuant
                              to Section 302 of the Sarbanes-Oxley Act of 2002
      32.1                    Certification pursuant to 18 U.S.C. 1350, adopted
                              pursuant to Section 906 of the Sarbanes-Oxley Act
                              of 2002, by Chief Executive Officer
      32.2                    Certification pursuant to 18 U.S.C. 1350, adopted
                              pursuant to Section 906 of the Sarbanes-Oxley Act
                              of 2002, by Chief Financial Officer

      (b) Reports on Form 8-K

      During the period covered by this Report, we filed an amendment to a
Report on Form 8-K on August 19, 2005 (restating our financial statements).

<PAGE>

                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                         COLLEGE OAK INVESTMENTS, INC.

Date: November 2, 2005                   By: /s/ Carey G. Birmingham
                                             -----------------------------------
                                         Name:  Carey G. Birmingham
                                         Title: President,
                                                Chief Executive Officer

Date: November 2, 2005                   By: /s/ Carey G. Birmingham
                                             -----------------------------------
                                         Name:  Carey G. Birmingham
                                         Title: Chief Financial Officer

<PAGE>

                                INDEX TO EXHIBITS

      Exhibit Number                Description
--------------------------------------------------------------------------------

      31.1                    Certification of Chief Executive Officer pursuant
                              to Section 302 of the Sarbanes-Oxley Act of 2002
      31.2                    Certification of Chief Financial Officer pursuant
                              to Section 302 of the Sarbanes-Oxley Act of 2002
      32.1                    Certification pursuant to 18 U.S.C. 1350, adopted
                              pursuant to Section 906 of the Sarbanes-Oxley Act
                              of 2002, by Chief Executive Officer
      32.2                    Certification pursuant to 18 U.S.C. 1350, adopted
                              pursuant to Section 906 of the Sarbanes-Oxley Act
                              of 2002, by Chief Financial Officer