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 quarter ended September 30, 1999

                           Commission File No. 0-24684

                             LONE WOLF ENERGY, INC.
                 (Name of small business issuer in its charter)

                                    Colorado
         (State or other jurisdiction of Incorporation or Organization)

                                   73-1550360
                      (IRS Employer Identification Number )

                               2400 NW 30th, #814
                          0klahoma City, Oklahoma 73112
                                 (405) 946-4850
        (Address, including zip code and telephone number, including area
                     Code of registrant's executive offices)

                               K&S VENTURES, INC.
                           (Former Name of Registrant)

      Securities registered under Section 12 (b) of the Exchange Act: none

                   Securities registered under Section 12 (g)
                              of the Exchange Act:

                         Common Stock, $0.001 par value
                                (Title of class)

Check whether the issuer (1) 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 [_]

State the number of shares outstanding of each of the issuer's classes of common
equity,  as of the latest  practicable date: As of September 30, 1999 there were
11,670,000 shares of the Company's common stock issued and outstanding.

Documents Incorporated by Reference:  None



                                       1
<PAGE>


PART 1. - FINANCIAL INFORMATION

Item 1.  Financial Statements


                             LONE WOLF ENERGY, INC.
                          (A Development Stage Company)
                                 BALANCE SHEETS
                    September 30, 1999 and December 31, 1998
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                            September 30,  December 31,
                                                                               1999           1998
                                                                             ---------      ---------
                                  ASSETS
<S>                                                                           <C>                <C>
Current Assets
    Cash, general checking                                                      $2,307           $282
    Accrued interest receivable                                                 11,991              0
    Current portion of notes receivable                                         60,496              0
                                                                             ---------      ---------
        Total current assets                                                    74,794            282

Notes receivable, excluding current portion                                    597,765              0
Investments                                                                     32,344              0
Cash, restricted savings                                                       104,140              0
                                                                             ---------      ---------

TOTAL ASSETS                                                                  $809,043           $282
                                                                             =========      =========

                   LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
    Current installments of long-term obligations                              $51,854             $0
    Accounts payable                                                             3,232              0
    Accrued interest payable                                                     2,902              0
    Note payable                                                                 7,000
                                                                             ---------      ---------
        Total current liabilities                                               64,988              0

Long-term obligations, excluding current installments                          427,606              0
Deposits                                                                        24,140              0
Note payable-shareholder                                                       100,000              0
Deferred revenue                                                               166,867              0
                                                                             ---------      ---------

TOTAL LIABILITIES                                                              783,601              0
                                                                             ---------      ---------

Stockholders' Equity
     Preferred Stock, $0.001 par value, 20,000,000 shares authorized,
      No shares issued and outstanding                                               0              0
     Common Stock, $0.001 par value, 100,000,000 shares authorized,
      11,670,000 shares issued and outstanding at September 30, 1999 and
      11,170,000 at December 31, 1998                                           11,670         11,170
     Additional Paid in Capital                                                 45,941         45,941



                                       2
<PAGE>


     Retained Earnings (Deficit)                                                 5,103        (19,557)

Deficit Accumulated During The Development Stage                               (37,272)       (37,272)
                                                                             ---------      ---------

     Total stockholders' equity                                                 25,442            282
                                                                             ---------      ---------

TOTAL LIABILITIES' AND STOCKHOLDERS' EQUITY                                   $809,043           $282
                                                                             =========      =========
</TABLE>



     The accompanying notes are an integral part of the Financial Statements



                                       3
<PAGE>


                              LONE WOLF ENRGY, INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
     For the three months and nine months ended September 30, 1999 and 1998
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                   Three Months                       Nine Months
                                                      Ended                              Ended
                                          -----------------------------        -----------------------------
                                          September 30,    September 30,       September 30,    September 30,
                                              1999              1998               1999             1998
                                          -----------       -----------        -----------       -----------
<S>                                        <C>                <C>               <C>                <C>
Revenue                                       $26,811                $0            $95,730                $0

Expenses
     Legal                                      2,248             8,481             24,481            11,425
     Accounting                                     0             4,508              2,750             4,595
     Consulting                                 6,000                 0             14,500                 0
     Transfer Agent                               375               254              1,403             1,032
     Telephone                                    921                 0              3,205                 0
     Office                                        19                 0                351                 0
     Public Relations                             496                 0              1,441                 0
     Filing Fees                                  294                 0                564                 0
     Interest                                  12,681                 0             22,254                 0
     Miscellaneous                                  0             1,364                120             1,818
                                          -----------       -----------        -----------       -----------
         Total Expenses                        23,034            14,607             71,069            18,870
                                          -----------       -----------        -----------       -----------

Net Income(Loss)                               $3,777          $(14,607)           $24,661          $(18,870)
                                          -----------       -----------        -----------       -----------


Weighted Average Shares Outstanding        11,670,000         4,250,000         11,670,000         4,250,000
                                          -----------       -----------        -----------       -----------

Loss Per Share                                  $0.00             $0.00              $0.00             $0.00
                                          -----------       -----------        -----------       -----------
</TABLE>


     The accompanying notes are an integral part of the Financial Statements



                                       4
<PAGE>


                              LONE WOLF ENERGY INC.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
              For the nine months ended September 30, 1999 and 1998
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                         September 30,    September 30,
                                                             1999             1998
                                                           ---------        ---------
<S>                                                          <C>             <C>
Operating Activities:
     Net Income (loss)                                       $24,661         $(18,870)
     Change in Accounts Payable                                3,232           12,530
     Increase in Interest Payable                              2,902                0
     Increase in Notes Payable                                 7,000
     Increase in Long-Term Debt                              479,460                0
     Increase in Deposits                                     20,000
     Increase in Deferred Revenue                            166,866                0
     Increase in Interest Receivable                         (11,991)               0
     Increase in Notes Receivable                           (658,261)               0
     Increase in Investments                                 (32,344)               0
                                                           ---------        ---------

     Cash provided by (Used In) Operating Activities          15,525           (6,430)
                                                           ---------        ---------

Financing Activities:
     Common Stock Issued For Services Rendered                   500
     Contribution of Capital by Stockholders                                    6,340
                                                           ---------        ---------
       Cash provided by financing activities                     500            6,430

Investing Activities                                              --               --
                                                           ---------        ---------

Change in Cash                                                 2,025               --

Cash at Beginning of Period                                      282               --

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

Cash at End of Period                                         $2,307               $0
                                                           ---------        ---------
</TABLE>

     The accompanying notes are an integral part of the Financial Statements


                                       5
<PAGE>

                             LONE WOLF ENERGY, INC.
                           A Development Stage Company
                          (Formerly K&S Ventures, Inc.)
                          NOTES TO FINANCIAL STATEMENTS
     For the three months and nine months ended September 30, 1999 and 1998

1.   SIGNIFICANT ACCOUNTING POLICIES

     Organization

     Lone Wolf Energy, Inc. (formerly K&S Ventures, Inc.) was incorporated on
March 4, 1991 in the state of Colorado. In February 1999 the Company signed a
Master Sales Agreement with Eagle Capital, Inc. (OTCBB: ECIC) to sell
specialized equipment used in producing patented IMSI blocks for mortarless dry
stack construction. The agreement calls for the Company to provide ten mobile
block plants and five portable Q-Bond plants over the next three years.

     Basis of Accounting

     Assets, liabilities, equity, revenue and expenses are recorded under the
accrual method of accounting in conformity with generally accepted accounting
principles.

     Cash and cash equivalents

     The Company considers all cash and marketable securities as cash
equivalents.

     Income Taxes

     For the years prior to 1997, the Company was taxed under the provisions of
Subchapter S of the Internal Revenue Code. Under the provisions of the Code, all
losses or taxable income flowed to the stockholders of the Company. In January
1997, the Company's standing as a Subchapter S corporation, as defined by the
Internal Revenue Code, was changed because of the purchase of common stock
during 1997 by a corporate shareholder. Beginning with the year ended December
31, 1997, the Company will be considered a "C" corporation for income tax
purposes.

     Fiscal Year End

     The Company's fiscal year end is December 31.

     Earnings (Loss) per Share

     Primary income (loss) per share is calculated by dividing net income (loss)
by the weighted average shares of common stock of the Company outstanding during
the period .

     Use of Estimates

     The preparation of financial statements in conformity with generally
accepted principles 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 revenues and expenses during the reporting
period. Actual results could differ from those estimates.



                                       6
<PAGE>


2.   STOCKHOLDERS' EQUITY

     Issuance of Common Stock

     During 1998 6,500,000 shares were issued at 0.001 for services rendered by
     related parties and stockholders. There were 500,000 additional shares of
     stock that were to be issued which were overlooked in 1998 and were Issued
     in the quarter ended June 30, 1999.

3.   INCOME TAXES

     The deferred tax assets and liabilities are as follows:

                 Net operating loss carryforward       $14,909
                 Less:  valuation allowance             14,909
                                                       -------

                 Net deferred tax asset                $     0
                                                       -------

     As of December 31, 1998, the Company has a net operating loss carryforward
of approximately $37,000 for income tax purposes and expires as follows:

Year of Loss       Expires        Carryforward Amount    Deferred Tax Asset
                                                          or (Liability)
1997                2012            $    11,000            $    4,332
1998                2013                 26,000                10,577
                                    -----------            ----------
                                    $    37,000            $   14,909
                                    ===========            ==========

     Deferred taxes reflect a combined federal and state tax rate of
approximately 40%.


4.   DEVELOPMENT STAGE OPERATIONS

     The Company has been is a development stage enterprise. Its primary focus
since inception of the new operating plan has been raising capital. In 1999 it
is being reported as an operating entity.

5.   NOTES RECEIVABLE

     The Company purchased a piece of equipment for resale for $500,000. The
     sale call for the Company to receive 84 monthly installments of $12,000
     beginning in May of 1999. The sale price was imputed using an interest rate
     of 12%, which resulted in a sale price of $679,000. The current and
     long-term portions of the note receivable represent the balance due on this
     debt.

6.   CASH-RESTRICTED SAVINGS

     This represents a deposit on the equipment sold plus $100,000, which was
loaned to the Company by a shareholder which is pledged to the bank as
additional collateral on the loan the any has against the equipment purchased.


                                       7
<PAGE>


7.   LONG-TERM OBLIGATIONS

     This is an 8 1/2 % seven year note payable to a bank in monthly
     installments of $7,918 including principal and Interest on the equipment
     the Company purchased and resold. It is secured by the equipment, $100,000
     cash loaned by a shareholder and the personal guarantee of another
     shareholder. The bank also received an option to purchase 500,000 shares of
     the Company's stock at $0.15 per share for making the loan.

8.   DEFERRED REVENUE

     This is the difference between the purchase price of the equipment sold and
the imputed sale price. The original balance at April 8, 1999 $179,700 is being
recognized on the installment method with $2,193 per month being recognized over
the 84 month term of the agreement.



                                       8
<PAGE>

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

     Plan of Operations

     In February of 1999 the Company signed a Master Equipment Sales Agreement
with Eagle Capital, Inc, (OTCBB:ECIC) to sell specialized equipment used in
producing patented IMSI blocks for mortarless dry stack construction. The
Agreement calls for the Company to provide ten mobile blocks plants and five
portable Q-Bond plants over the next three years. Through the guarantees of
certain key shareholders the Company has already obtained $500,000 in financing
for the first plant. In April of 1999 Eagle ordered the first plant and paid a
deposit of $48,000 covering the first two and last two payments on the plant.
The Company incurred approximately $22,000 in legal fees to get this contract
signed.

     In May of 1999 the company signed a letter of intent to acquire EP
Distributing Company. EP Distributing and its affiliated groups brokers in the
nutritional area with its primary line being Earths' Pharmacy products which
include 17 private labeled nutritional products which are sold through some
retail pharmacies, Doctors, Radio Talk show sponsorship and the internet
(www.epphysiciansformula.com). The Company is currently negotiating financing to
complete this acquisition.

     Results of operations

     Due to problems incurred on the sale contract the Company negotiated a
payment of approximately $44,000 in cash and stock which is included in the year
to date quarter revenues. The Company turned profitable from operations in the
second quarter of 1999 and anticipates this to continue and grow as more plants
are ordered and the current plant is shipped and production payments begin.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Not Applicable

Item 2. Change in Securities

Not Applicable

Item 3. Defaults Upon Senior Securities

Not Applicable

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

Not Applicable

Item 5. Other Information

Not Applicable

Item 6. Exhibits and Reports on Form 8-K

Exhibits

         None

Reports on Form 8-K

         None


                                       9
<PAGE>

SIGNATURES

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


                                           LONE WOLF ENERGY, INC.

                                           /s/ Douglas A. Newman
                                           -------------------------------------
                                           By: Douglas A. Newman, Sec,y

Date:    November 10, 1999