FORM 10-Q

                SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, D.C. 20549

          QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
               THE SECURITIES EXCHANGE ACT OF 1934

For Quarter Ended   March 31, 1998

Commission File No. 0-10286

       General Energy Resources and Technology Corporation
      (Exact name of registrant as specified in its charter)

          Michigan                                38-2266968
(State or other jurisdiction of              (I.R.S. Employer
 incorporation or organization)               Identification No.)

                       401 W. Front Street
                  Traverse City, Michigan 49684
             (Address of principal executive offices)

                           616-946-1473
       (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for a 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 ( ).

              Applicable only to Corporate Issuers:

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

Common Stock, Par Value $.10 - 7,991,870 shares, as of March 31,
1998.<PAGE>
       GENERAL ENERGY RESOURCES AND TECHNOLOGY CORPORATION

                        Index to Form 10-Q


          PART I - Financial Information                 Page
Item 1    Balance Sheets. . . . . . . . . . . . . . . . . . .3
          Statements of Operations. . . . . . . . . . . . . .5
          Statement of Cash Flows . . . . . . . . . . . . . .6
          Notes to Financial Statements . . . . . . . . . . .7
Item 2    Management's Discussion and Analysis of Financial
            Conditions and Results of Operations. . . . . . .8

          PART II - Other Information
          Signatures. . . . . . . . . . . . . . . . . . . . .9
<PAGE>
                  PART I - FINANCIAL INFORMATION

       General Energy Resources and Technology Corporation
                          Balance Sheets

Item 1
                              ASSETS
                                       March 31,    December 31,
                                         1998           1997
                                      (Unaudited)    (Unaudited)
CURRENT ASSETS
 Cash                                $    5,081      $      294
 Accounts Receivable Trade               56,514          56,425 
 Less Allowance for Doubtful 
   Accounts                             (11,223)        (11,223)
 Prepaid Expenses                         1,755           1,641
                                      _________       _________
     Total Current Assets                52,127          47,137

PROPERTY AND EQUIPMENT, AT COST
 Proved Oil and Gas Properties,
   Successful Efforts Method of
   Accounting                         2,370,761       2,510,896
                                      _________       _________
     Total Property and Equipment     2,370,761       2,510,896 

 Less Accumulated Depreciation,
   Depletion, and Amortization        2,222,976       2,360,425
                                      _________       _________
     Net Property and Equipment         147,785         150,471

OTHER ASSETS
 Investments (net of unrealized
   loss of $288,950)                      1,050           1,050
                                      _________       _________
                                     $  200,962      $  198,658
                                      =========       =========

               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
 Current Installments of
   Long-Term Debt                    $    2,500      $    2,500
 Accounts Payable Trade                 421,255         420,396
 Notes Payable                           33,500          16,500
 Salaries Payable                        53,692          53,692
                                      _________       _________
     Total Current Liabilities          510,947         493,088

LONG-TERM DEBT                           45,521          45,521

STOCKHOLDERS' EQUITY
 Common Stock ($.10 Par Value,
   18,000,000 Shares Authorized,
   7,991,870 Shares Issued and
   Outstanding)                         799,187         799,187
 Additional Paid-in Capital           7,435,012       7,435,012
 Deficit                             (8,589,705)     (8,574,150)
                                      _________       _________
     Total Stockholders' Equity        (355,506)       (339,951)

                                     $  200,962      $  198,658
                                      =========       =========

          See Accompanying Notes to Financial Statements
<PAGE>
       General Energy Resources and Technology Corporation
                     Statements of Operations
             Three Months Ended March 31, (Unaudited)

                                         1998            1997
                                         ____            ____

REVENUES
 Oil and Gas Sales
   Working Interest                  $   18,283      $   25,825
   Royalty Interest                       2,768          18,598
 Expense Reimbursement                   15,000               0
 Administrative Overhead                  4,200           4,200
 Gain(Loss) in sale of oil and
   gas property                             900               0
 Oilfield Revenue Distribution              420               0
                                      _________       _________
     Total Revenues                      41,571          48,623

COSTS AND EXPENSES
 Lease and Operating Expenses            17,352          18,944
 Taxes Other Than on Income                 936           2,810
 Dry Holes and Abandonments                  11            (182)
 Depreciation, Depletion and
   Amortization                           2,686           3,004
 General and Administrative              35,382          48,637
 Interest Expense                           759             857
                                      _________       _________
     Total Expenses                      57,126          74,070
                                      _________       _________
NET INCOME (LOSS)                    $  (15,555)     $  (25,447)
                                      =========       =========
NET INCOME (LOSS) PER WEIGHTED
 AVERAGE SHARE OF COMMON STOCK       $    (.002)     $    (.003)
                                      _________       _________
WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING                          7,991,870       7,991,870
                                      _________       _________

          See Accompanying Notes to Financial Statements
<PAGE>
       General Energy Resources and Technology Corporation
                     Statement of Cash Flows
             Three Months Ended March 31, (Unaudited)

                                         1998            1997
                                         ____            ____
CASH FLOWS FROM OPERATING ACTIVITIES
 Net Income (Loss)                   $  (15,555)     $  (25,447)
 Adjustments to Reconcile Net
   Earnings to Net Cash Provided by
   Operating Activities
 Depreciation, Depletion and
   Amortization                           2,686           3,004
 Abandonments, Expired and
   Surrendered Leases                         0               0
 (Gain)Loss on Sale of Oil and
   Gas Properties                             0               0
 (Increase)Decrease in Current Assets:
   Trade Accounts Receivable                (89)         10,596
   Prepaid Expenses                        (114)         (1,372)
 Increase(Decrease) in Current Liabilities:
   Trade Accounts Payable                   859          (2,652)
   Notes Payable                         17,000          15,000
                                      _________       _________
       NET CASH FROM OPERATING
         ACTIVITIES                       4,787            (871)

CASH FLOWS FROM INVESTING ACTIVITIES
 Acquisition of Property and
   Equipment                                  0               0
                                      _________       _________
       NET CASH FROM INVESTING
         ACTIVITIES                           0               0

CASH FLOWS FROM FINANCING ACTIVITIES
 Increase(Decrease) in Long-Term Debt         0          (1,726)
                                      _________       _________
       NET CASH FROM FINANCING
         ACTIVITIES                           0          (1,726)
                                      _________       _________
       NET INCREASE(DECREASE) IN
         CASH                             4,787          (2,597)

CASH AT BEGINNING OF PERIOD                 294           8,858
                                      _________       _________
       CASH AT END OF PERIOD         $    5,081      $    6,261
                                      =========       =========
<PAGE>
       General Energy Resources and Technology Corporation
                  Notes to Financial Statements
 NOTE 1
 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 Property and Equipment
The Company utilizes the successful efforts method of accounting
for it's oil and gas exploration and development program. Under
this method of accounting, costs of drilling and completing
successful wells are capitalized, while costs of dry hole are
charged to expense when incurred. Depletion and amortization of
producing leasehold and mineral interests and related intangible
development costs are provided by the unit-of-production method
based on estimates of recoverable oil and gas reserves prepared
by independent petroleum engineers. Lease and well equipment is
depreciated over its' estimated useful life (seven years) by the
straight-line method.

Costs of nonproducing leasehold and mineral interests are not
amortized but are charged to operations when such properties are
abandoned, surrendered, determined to be worthless or transferred
to producing properties and depleted when successfully developed.

Maintenance and repairs are charged to expense when incurred.
Renewals and betterments are capitalized. When assets are sold,
retired or otherwise disposed of, applicable costs and
accumulated depreciation and depletion are removed from the
accounts and the resulting gain or loss is recognized.

 Interest Capitalization
Interest costs applicable to the drilling and equipment of in-
progress and shut-in oil and gas wells are capitalized until such
time as the wells begin producing. There were no entries for
interest capitalization during 1998 and 1997.

 Earnings Per Share
Earnings per share is based on the weighted average number of
shares outstanding.

 NOTE 2
 NON CASH TRANSACTIONS
The Company had the following non    March 31,       Dec. 31,
cash transactions during the           1998            1997
periods ending March 31, 1998
and December 31, 1997                  -0-             -0-

 NOTE 3
 LONG-TERM DEBT
On June 1, 1990, the Company signed a $292,814 promissory note
with Mosbacher Energy Company (MEC) for the amount owed MEC by
General Energy Corporation for well operations as of May 7, 1990.
The note is secured by the Company's interest in eleven producing
properties operated by MEC and bears interest at 7 1/4 percent
per annum. Additional terms of the agreement call for monthly
payments of the lesser of $20,000 or the month's production to
MEC. Based on current production estimates, management expects to
reduce this loan by approximately $208 per month.

 NOTE 4
 INTERIM STATEMENTS
The Company believes that the accompanying unaudited financial
statements contain all adjustments (including appropriate
provision for depreciation, depletion and amortization normally
determined at year end) necessary to present fairly the financial
position as of March 31, 1998 and December 31, 1997, and the
results of operations for the three months ended March 31, 1998
and 1997. All adjustments are of a normal recurring nature.

Interim financials should not necessarily be considered to be
indicative of the results of operations for the entire year.

 NOTE 5
 CONTINGENCIES
The prices of the Company's natural gas production are subject to
the regulations of the Federal Energy Regulatory Commission
(FERC). The Company believes it has substantially complied with
regulations as issued.

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

 Results of Operations
The Company's total earned revenue for the quarter ended March
31, 1998 totaled $41,571. This represents a decrease of ($7,052) 
from the same quarter in 1997 and is largely the result of a
reduction in oil and gas royalty interest income.

Total expenses decreased ($16,944) from $74,070 at March 31, 1997
to $57,126 at March 31, 1998. 

The Company's net profit for the three months ended March 31,
1998 increased $9,892 from ($25,447) at March 31, 1997 to
($15,555) at March 31, 1998.

 Liquidity/Capital Resources
Net cash from operating activities increased $5,658 to $4,787 at
March 31, 1998 compared to ($871) at March 31, 1997.

Management feels that cash flows will be sufficient to pay
current operating liabilities and to amortize the remaining
current portion of it's long-term debt.

Management has developed contingency plans to obtain additional
capital by the issuance of debt or sale of equities to the extent
that these actions become necessary in the future.<PAGE>
                   

                    PART II - OTHER INFORMATION
       General Energy Resources and Technology Corporation
                            Signatures

Pursuant to the requirements of the Securities and Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized, on
the 18th day of May, 1998.

                            GENERAL ENERGY RESOURCES AND
                              TECHNOLOGY CORPORATION

                            By: H. TERRY SNOWDAY, JR.
                                _______________________________
                                H. Terry Snowday, Jr.
                                President and Director
                                (Principal Executive Officer)