SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    FORM 10-Q

(Mark One)
|X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES  EXCHANGE
ACT OF 1934.
                                   For the quarterly period ended March 31, 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 000-29541

                            BRONCO ENERGY FUND, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


                   NEVADA                                    86-0972709
(STATE OR OTHER JURISDICTION OF INCORPORATION OR (I.R.S. EMPLOYER IDENTIFICATION
               ORGANIZATION)                                    NO.)

                 2920 N. SWAN ROAD, SUITE 206, TUCSON, AZ 85712
               (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

        REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (866) 305-0485



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 requirements for the past 90 days. Yes |X| No |_|

         Indicate by check mark whether the Registrant is an  accelerated  filer
(as defined by Rule 12b-2 of the Act). Yes |_| No |X|


                            BRONCO ENERGY FUND, INC.

      THIS QUARTERLY  REPORT ON FORM 10-Q CONTAINS  HISTORICAL  INFORMATION  AND
FORWARD-LOOKING  STATEMENTS.  STATEMENTS LOOKING FORWARD IN TIME ARE INCLUDED IN
THIS  FORM  10-Q  PURSUANT  TO THE  "SAFE  HARBOR"  PROVISIONS  OF  THE  PRIVATE
SECURITIES  LITIGATION  REFORM ACT OF 1995. THEY INVOLVE KNOWN AND UNKNOWN RISKS
AND  UNCERTAINTIES  THAT MAY CAUSE BRONCO ENERGY FUND,  INC.'S (THE "COMPANY'S")
ACTUAL RESULTS TO DIFFER FROM FUTURE PERFORMANCE SUGGESTED HEREIN.


<PAGE>



<TABLE>
<CAPTION>

              INDEX                                                                                       PAGE NO.
              ----------------------------------------------------------------------------------------------------

<S>                                                                                                               <C>
PART I.       FINANCIAL INFORMATION                                                                               3

   Item 1.    Financial Statements                                                                                3

              Balance Sheets as of March 31, 2005 and December 31, 2004                                           3

              Statements of Operations for the three-month periods ended March 31, 2005 and March 31,
                2004                                                                                             4

              Statements of Stockholders' Equity for the three-month periods ended March 31, 2005 and
                March 31, 2004                                                                                   5

              Statements of Cash Flows for the three-month periods ended March 31, 2005 and March 31,
                2004                                                                                             6

              Notes to Financial Statements                                                                       7


   Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations              12

   Item 3.    Quantitative and Qualitative Disclosures about Market Risk                                         13

   Item 4.    Controls and Procedures                                                                            13

PART II.      OTHER INFORMATION                                                                                  11

   Item 1.    Legal Proceedings                                                                                  13

   Item 2.    Changes in Securities and Use of Proceeds                                                          13

   Item 3.    Defaults Upon Senior Securities                                                                    13

   Item 4.    Submission of Matters to a Vote of Security Holders                                                14

   Item 5.    Other Information                                                                                  14

   Item 6.    Exhibits and Reports on Form 8-K                                                                   14

              Signatures                                                                                         14
</TABLE>


                                       2


<PAGE>


PART I. FINANCIAL INFORMATION

ITEM 1.    FINANCIAL STATEMENTS.


                            BRONCO ENERGY FUND, INC.
                                AND SUBSIDIARIES
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                                 March 31,           December 31,
                                                                                   2005                  2004
                                                                              ---------------      -----------------
                                                                                (unaudited)
                               Assets:

<S>                                                                           <C>                  <C>
                               Cash and cash equivalents                      $       23,284       $              -
                               Prepaid expenses                                        5,000                      -
                               Deposits                                               12,147                      -
                                                                              --------------       ----------------
                                    Total Assets                              $       40,431       $              -
                                                                              ==============       ================

                               Liabilities
                                  Accounts payable                            $       46,937       $         10,318
                                  Accrued expenses                                    33,000                      -
                                  Short-term notes payable                                 -                250,000
                                                                              --------------       ----------------
                                    Total Liabilities                                 79,937                260,318
                                                                              --------------       ----------------

                               Stockholders' Equity:
                                 Common Stock, Par value $.001
                                   Authorized 100,000,000 shares,
                                   Issued 11,376,000 and 200,000 Shares
                                   at March 31, 2005 and December 31, 2004            11,376                   200
                                 Paid-In Capital                                     291,024                     -
                                 Retained Deficit                                     (1,200)               (1,200)
                                 Deficit Accumulated During the
                                   Development Stage                                (340,706)             (259,318)
                                                                              --------------       ---------------
                                    Total Stockholders' Equity                       (39,506)             (260,318)
                                                                              --------------       ---------------

                                    Total Liabilities and
                                      Stockholders' Equity                    $       40,431       $             -
                                                                              ==============       ===============
</TABLE>




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


                                       3
<PAGE>




                            BRONCO ENERGY FUND, INC.
                                AND SUBSIDIARIES
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                 Cumulative
                                                                                                    since
                                                                                                 October 20,

                                                              For the three months ended           1999
                                                            March 31,         March 31,         inception of
                                                         ----------------- ------------------    development
                                                               2005               2004             stage
                                                         ----------------- ------------------ ------------------
<S>                                                      <C>               <C>                <C>
                   Revenues:                             $               - $                - $                -

                   Expenses:
                      Consulting Expense                             5,000                  -            105,000
                      General and Administrative                    76,388                300             90,094
                                                         ----------------- ------------------ ------------------

                        Net Loss                         $         (81,388)$             (300)$         (195,094)
                                                         ================= ================== ==================

                   Basic & Diluted loss per share        $           (0.02)$            (0.00)
                                                         ================= ==================
                   Weighted average shares outstanding           5,117,333          1,000,000
                                                         ================= ==================
</TABLE>



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

                                       4
<PAGE>



                            BRONCO ENERGY FUND, INC.
                                AND SUBSIDIARIES
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                        STATEMENT OF STOCKHOLDERS' EQUITY
              SINCE JUNE 19, 1997 (INCEPTION) TO DECEMBER 31, 2004
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                                       Deficit
                                                                                                                     Accumulated
                                                                                                                        Since
                                                                                                                     October 20,
                                                                                                                         1999
                                                                                                                    Inception of
                                                              Common Stock             Paid-In        Retained       Development
                                                         Shares         Par Value      Capital         Deficit          Stage
                                                     ---------------  -------------  ------------   -------------  -------------
         Balance at June 19, 1997
<S>                                                  <C>              <C>            <C>            <C>            <C>
         (inception)                                               -  $            - $           -  $            - $          -
         November 4, 1997 Issuance of
         Stock for Services and payment
          of Accounts Payable                              1,000,000          1,000             -               -             -
         Net Loss                                                  -              -             -          (1,100)            -
                                                     ---------------  -------------  ------------   -------------  ------------
         Balance at December 31, 1997                      1,000,000          1,000             -          (1,100)
         Net Loss                                                  -              -             -            (100)            -
                                                     ---------------  -------------  ------------   -------------  ------------
         Balance at December 31, 1998                      1,000,000          1,000             -          (1,200)            -

         Capital contributed by shareholder                        -              -           350               -             -
         Net Loss                                                  -              -             -               -          (150)
                                                     ---------------  -------------  ------------   -------------  ------------
         Balance at December 31, 1999                      1,000,000          1,000           350          (1,200)         (150)

         Capital contributed by shareholder                        -              -         2,181               -             -
         Net Loss                                                  -              -             -               -        (2,181)
                                                     ---------------  -------------  ------------   -------------  ------------
         Balance at December 31, 2000                      1,000,000          1,000         2,531          (1,200)       (2,331)
         Capital contributed by shareholder                        -              -         1,057               -             -
         Net Loss                                                  -              -             -               -        (1,275)
                                                     ---------------  -------------  ------------   -------------  ------------
         Balance at December 31, 2001                      1,000,000          1,000         3,588          (1,200)       (3,606)

         Net Loss                                                  -              -             -               -          (300)
                                                     ---------------  -------------  ------------   -------------  ------------
         Balance at December 31, 2002                      1,000,000          1,000         3,588          (1,200)       (3,906)
                                                     ---------------  -------------  ------------   -------------  ------------

         Net Loss                                                  -              -             -               -          (300)
                                                     ---------------  -------------  ------------   -------------  ------------
         Balance at December 31, 2003                      1,000,000          1,000         3,588          (1,200)       (4,206)

         Purchase and retire Treasury Stock                 (800,000)          (800)       (3,588)              -      (145,612)
         Net Loss                                                  -              -             -               -      (109,500)
                                                     ---------------  -------------  ------------   -------------  ------------
         Balance at December 31, 2004                        200,000  $         200  $          -   $      (1,200)     (259,318)

         Conversion of note to stock                       5,000,000          5,000       245,000               -             -
         Stock grants                                      5,200,000          5,200             -               -
         -
         Exercise of stock options                           900,000            900         8,100               -
         -
         Sale of stock                                        76,000             76        37,924               -             -
         Net Loss                                                                                                       (81,388)
                                                     ---------------  -------------  ------------   -------------  ------------
         Balance at March 31, 2005                        11,376,000  $      11,376  $    291,612   $      (1.200) $   (340,706)
                                                     ===============  =============  ============   =============  ============
</TABLE>


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


                                       5
<PAGE>


                            BRONCO ENERGY FUND, INC.
                                AND SUBSIDIARIES
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                                   Cumulative
                                                                                                                 since October
                                                                                    For the      For the           20, 1999
                                                                                 three months   three months      Inception of
                                                                                ended March 31, ended March 31,    Development
                                                                                     2005          2004              Stage
                                                                                -------------  -------------   ---------------
       CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                             <C>           <C>             <C>
       Net Loss                                                                 $     (81,388)$        (300)  $     (195,094)
       Adjustments to reconcile net income to net cash
         provided by operating activities:
       Stock issued for services                                                        5,200             -            5,200
       Increase in Prepaids and Deposits                                              (17,147)            -          (17,147)
       Increase in Accounts Payable and Accrued Liabilities                            69,619           300           79,737
                                                                                ------------- -------------   --------------
         Net Cash Used in operating activities                                        (23,716)            -         (127,304)
                                                                                ------------- -------------   --------------

       CASH FLOWS FROM INVESTING
       ACTIVITIES:
       Net cash provided by investing activities                                            -             -                -
                                                                                ------------- -------------   --------------

       CASH FLOWS FROM FINANCING
       ACTIVITIES:
       Proceeds from notes payable                                                                                    250,000
       Purchase and cancel treasury stock                                                    -             -         (150,000)
       Capital contributed by shareholder                                                    -             -            3,588
       Proceeds from exercise of stock options                                           9,000             -            9,000
       Proceeds from sale of common stock                                               38,000             -           38,000
                                                                                 ------------- -------------   --------------
       Net Cash Provided by
         Financing Activities                                                           47,000             -          150,588
                                                                                 ------------- -------------   --------------

       Net (Decrease) Increase in
         Cash and Cash Equivalents                                                      23,284             -                -
       Cash and Cash Equivalents
         at Beginning of Period                                                              -             -                -
                                                                                 ------------- -------------   --------------
       Cash and Cash Equivalents
         at End of Period                                                        $      23,284 $           -   $       23,284
                                                                                 ============= =============   ==============

       SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
       Cash paid during the year for:
         Interest                                                                $           - $           -   $            -
</TABLE>



SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
None

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

                                       6

<PAGE>


                            BRONCO ENERGY FUND, INC.
                                AND SUBSIDIARIES
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE THREE MONTHS ENDED MARCH 31, 2005, AND 2004
                                   (UNAUDITED)

               NOTE 1 - NATURE OF OPERATIONS AND GOING CONCERN

               On December 21, 2004 the Company filed a Form N-54A, Notification
               with the Securities and Exchange  Commission electing to become a
               Business  Development  Company pursuant to Sections 55 through 65
               of the Investment Company Act of 1940.

               Bronco has been in the  developmental  stage since  inception and
               its  operations  to date have been limited to issuing  shares and
               other organizational  matters. At March 31, 2005, the Company has
               no investments.

               Bronco  will  attempt  to  locate  and  negotiate  with  eligible
               portfolio  companies  for  Bronco to invest  in,  lend  funds to,
               acquire an interest in and/or possibly manage.  Bronco intends to
               offer managerial  assistance to eligible  portfolio  companies in
               which it invests.

               As a business development  company,  Bronco will be able to raise
               money to acquire interests in small private business,  as well as
               larger companies.

               The accompanying  financial  statements have been prepared on the
               basis of accounting  principles  applicable to a "going concern",
               which assume that the Company will  continue in operation  for at
               least  one  year  and  will be able to  realize  its  assets  and
               discharge its liabilities in the normal course of operations.

               Several  conditions  and events  cast doubt  about the  Company's
               ability  to  continue  as a  "going  concern."  The  Company  has
               incurred net losses of approximately $81,388 for the three months
               ended  March 31,  2005 and  $109,500,  $300 and $300 for the year
               ended  December  31,  2004,  2003  and 2002  respectively,  has a
               liquidity problem,  and requires additional financing in order to
               finance its business  activities on an ongoing basis. The Company
               is  actively   pursuing   alternative   financing   and  has  had
               discussions   with  various  third  parties,   although  no  firm
               commitments  have been  obtained.  The Company's  future  capital
               requirements will depend on numerous factors  including,  but not
               limited to, continued  progress in finding a merger candidate and
               the pursuit of business opportunities.

               These financial  statements do not reflect adjustments that would
               be  necessary  if the Company were unable to continue as a "going
               concern".  While  management  believes  that the actions  already
               taken or planned, will mitigate the adverse conditions and events
               which  raise  doubt  about the  validity  of the "going  concern"
               assumption used in preparing these  financial  statements,  there
               can be no assurance that these actions will be successful. If the
               Company  were  unable  to  continue  as a "going  concern,"  then
               substantial adjustments would be necessary to the carrying values
               of assets, the reported amounts of its liabilities,  the reported
               revenues  and  expenses,  and the balance  sheet  classifications
               used.

               NATURE OF BUSINESS

               The Company has no products or services as of March 31, 2005. The
               Company was organized as a vehicle to seek merger or  acquisition
               candidates.  The Company intended to acquire interests in various
               business opportunities,  which in the opinion of management would
               provide a profit to the Company. On December 16, 2004 the Company
               filed a  notification  under  Form  N54a with the  United  States
               Securities  and  Exchange   Commission   ("SEC")  indicating  its
               election to be  regulated as a business  development  company ("a
               BDC") under the  Investment  Company Act of 1940.  In  connection
               with this election, the Company has adopted corporate resolutions
               and  intends  to operate as a  closed-end  management  investment
               company.


                                       7
<PAGE>


                            BRONCO ENERGY FUND, INC.
                                AND SUBSIDIARIES
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
               FOR THE THREE MONTHS ENDED MARCH 31, 2005, AND 2004
                                   (UNAUDITED)
                                   (Continued)


               NOTE 1 - NATURE OF OPERATIONS AND GOING CONCERN (CONTINUED)

               ORGANIZATION AND BASIS OF PRESENTATION

               The  Company  was  incorporated  under  the laws of the  State of
               Nevada  on June  19,  1997.  The  Company  ceased  all  operating
               activities  during the period  from June 19,  1997 to October 20,
               1999 and was  considered  dormant.  Since  October 20, 1999,  the
               Company  is in the  development  stage,  and  has  not  commenced
               planned principal operations.

               NOTE 2 - SUMMARY OF ACCOUNTING POLICIES

               This summary of accounting  policies for Bronco Energy Fund, Inc.
               (a   development   stage  company)  is  presented  to  assist  in
               understanding the Company's financial statements.  The accounting
               policies conform to generally accepted accounting  principles and
               have  been  consistently   applied  in  the  preparation  of  the
               financial statements.

               CASH AND CASH EQUIVALENTS

               For  purposes  of  the  statement  of  cash  flows,  the  Company
               considers all highly  liquid debt  instruments  purchased  with a
               maturity of three  months or less to be cash  equivalents  to the
               extent the funds are not being held for investment purposes.

               PERVASIVENESS OF ESTIMATES

               The  preparation  of  financial  statements  in  conformity  with
               generally accepted  accounting  principles required management to
               make estimates and assumptions  that affect the reported  amounts
               of assets and liabilities and disclosure of contingent assets and
               liabilities  at the  date  of the  financial  statements  and the
               reported  amounts of revenues and expenses  during the  reporting
               period. Actual results could differ from those estimates.

               CONCENTRATION OF CREDIT RISK

               The Company has no significant  off-balance-sheet  concentrations
               of  credit  risk  such as  foreign  exchange  contracts,  options
               contracts or other foreign hedging arrangements.

               LOSS PER SHARE

               The  reconciliations  of the numerators and  denominators  of the
               basic loss per share computations are as follows:

<TABLE>
<CAPTION>
                                                         Income              Shares
                                                          ------             ------                  Per Share
                                                       (Numerator)       (Denominator)                Amount
                                                     For the three months ended March 31, 2005
               BASIC LOSS PER SHARE
<S>                                               <C>                     <C>                 <C>
               Loss to common shareholders        $    (81,388)           5,117,333           $       (0.02)
                                                  ============            =========           =============
                                                     For the three months ended March 31, 2004
               BASIC LOSS PER SHARE
               Loss to common shareholders       $        (300)           1,000,000           $            -
                                                  ============            =========           ==============
</TABLE>

                                       8
<PAGE>


                            BRONCO ENERGY FUND, INC.
                                AND SUBSIDIARIES
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
               FOR THE THREE MONTHS ENDED MARCH 31, 2005, AND 2004
                                   (UNAUDITED)
                                   (Continued)


               NOTE 2 - SUMMARY OF ACCOUNTING POLICIES (CONTINUED)

               LOSS PER SHARE (CONTINUED)

               The  effect of  outstanding  common  stock  equivalents  would be
               anti-dilutive  for  March  31,  2005  and  2004  and are thus not
               considered.  At March 31,  2005 there are  4,900,000  outstanding
               common stock  equivalents.  At March 31, 2004 there are no common
               stock equivalents outstanding.

               NOTE 3 - INCOME TAXES

               As of March  31,  2005,  the  Company  had a net  operating  loss
               carryforward  for income tax reporting  purposes of approximately
               $191,888 that may be offset against future taxable income through
               2025.  Current tax laws limit the amount of loss  available to be
               offset against future taxable income when a substantial change in
               ownership  occurs.  Therefore,  the  amount  available  to offset
               future  taxable  income may be  limited.  No tax benefit has been
               reported  in  the  financial  statements,   because  the  Company
               believes there is a 50% or greater chance the carryforwards  will
               expire  unused.  Accordingly,  the  potential tax benefits of the
               loss  carryforwards  are offset by a valuation  allowance  of the
               same amount.

               NOTE 4 - DEVELOPMENT STAGE COMPANY

               The Company has not begun  principal  operations and as is common
               with a development  stage company,  the Company has had recurring
               losses during its  development  stage.  The  Company's  financial
               statements  are  prepared  using  generally  accepted  accounting
               principles  applicable to a going concern which  contemplates the
               realization  of assets  and  liquidation  of  liabilities  in the
               normal  course of  business.  However,  the Company does not have
               significant  cash or other material  assets,  nor does it have an
               established source of revenues  sufficient to cover its operating
               costs  and to allow it to  continue  as a going  concern.  In the
               interim,  shareholders  of the Company have  committed to meeting
               its minimal operating expenses.

               NOTE 5 - COMMITMENTS

               As of March 31, 2005  substantially all activities of the Company
               have been conducted by corporate officers from either their homes
               or business  offices.  Currently,  there are no outstanding debts
               owed by the company for the use of these facilities and there are
               no commitments for future use of the facilities.

               Commencing  on  January  1,  2005,   the  Company   entered  into
               employment  agreements  with Dan Baker,  Jim  Marshall  and Kevin
               Sherlock, the President,  Treasurer and Secretary, in the amounts
               of $60,000 $36,000 and 36,000, respectively. The officer salaries
               are  contingent  on the Company  having the cash flow and/or cash
               reserves to meet the Company's operating expenses.


                                       9
<PAGE>


                            BRONCO ENERGY FUND, INC.
                                AND SUBSIDIARIES
                (formerly known as Green Clover Luck Corporation)
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
               FOR THE THREE MONTHS ENDED MARCH 31, 2005, AND 2004
                                   (UNAUDITED)
                                   (Continued)


               NOTE 6 - COMMON STOCK

               On February 8, 2005 notes  payable in the amount of $250,000 were
               converted  into  5,000,000  shares of common  stock under the 1-E
               exemption.

               During January and February,  2005 the Company  issued  5,200,000
               shares of common stock to officers  and  directors at the rate of
               $.001.

               On January 24, 2005, the Company filed an offering to sell common
               stock equal to $5,000,000  under  Regulation E promulgated  under
               the  Securities  Act of 1933 at prices between $.05 and $5.00 per
               share.  The offering became  effective on February 8, 2005. As of
               March 31, 2005 the  Company  had sold  76,000  shares at $.50 per
               share.

               During January and February the Company  granted  5,200,000 stock
               options to Board of Directors exercisable at $.01.

               During February and March,  2005,  director's options for 900,000
               common shares were exercised at $.01

               NOTE 7 - SUBSEQUENT EVENTS

               On April 21,  2005,  Bronco Coal  Company of Utah, a wholly owned
               subsidiary  of the  Company,  purchased  the  Columbia  Coal Mine
               ("Columbia")  located  in  Books  Cliff,  near  Price  Utah.  The
               estimated  reserves  of  metallurgical  coal at the  mine  are in
               excess of 100 million  tons.  The mine has been out of  operation
               since  1966  and  will   require   significant   renovation   and
               improvement  to meet  current  standards  and  achieve  operating
               efficiency.  The Company does not expect  significant  production
               operations at the mine until the first quarter of 2006.

               The cost of Columbia was $16,300,632,  for which the sellers took
               back a note for $15,  203,647 of which $888,393 is due before the
               end of June 2005,  and on the 2nd, 3rd and 4th  anniversaries  of
               the purchase  payments of $4,264,297,  $5,906,231 and $4,144,726,
               respectively,  plus interest imputed at 8% per annum are due. The
               Company  has  secured  a  $3,000,000  line of  credit,  of  which
               $900,000 was applied to the purchase down payment and the balance
               will be drawn  over the next 5 months  to meet the June  purchase
               payment and to fund some of the  engineering  studies,  licensing
               and  improvement  costs  necessary  put  the  mine  in  operating
               condition.  The line of credit bears interest at a rate of 8% per
               annum and is due April 21, 2006.

               In  conjunction  with the  purchase,  Bronco Coal Company of Utah
               agreed to pay the sellers a mineral royalty of 2.25% of all sales
               from the  mine.  Additionally,  the  Company  agreed  to sell the
               lender  157,020  shares of its common  stock at $0.001 per share.
               The  current  sales  price  of  the  stock  at  the  time  of the
               transaction  was $.50  per  share.  The  difference  reflects  an
               addition to paid in capital of $78,353. The lender exercised this
               option with the initial funding of the loan.

               The following proforma balance sheet reflects the acquisitions of
               the  Columbia  property as if it had  occurred at March 31, 2005.
               The property has not been in production since 1966, therefore, no
               results of  operations  have been as if it had been in  operation
               during the three months ended March 31, 2005 are presented.

                                       10
<PAGE>


<TABLE>
<CAPTION>

                                                          Historical        Adjustments          Proforma

<S>                                                    <C>                 <C>              <C>
Cash                                                   $ 23,284            $   (20,000)     $ 3,284

Prepaid Expenses                                         5,000                   -            5,000
                                                         ------            ----------         -----

   Current Assets                                        28,284            (20,000)           8,284


Investments                                              12,147              16,288,485       16,300,632
                                                         -------           -------------      ----------

   Total Assets                                        $ 40,431            $16,268,485         $  16,308,916
                                                         =======           ============       ==============



Accounts payable                                        $46,937            $86,328            $133,265

Accrued expenses                                         33,000                               33,000

Notes payable due within one year                                -         900,000            900,000
                                                         ------------      --------           -------

   Current Liabilities                                   79,937            986,328            1,066,265



Long term notes payable                                  -                 15,203,647         15,203,647
                                                         ----              -----------        ----------

   Total Liabilities                                     79,937            16,189,975         16,269,912
                                                         -------           -----------        ----------


Common Stock                                             11,376            157                11,533

Paid in Capital                                          291,024           78,353             369,377

Retained Deficit                                         (1,200)               -              (1,200)

Deficit accumulated during development stage             (340,706)             -              (340,706)
                                                         -------------     --------           ---------

   Stockholders' Deficit                                 (39,506)          78,510             39,004
                                                         --------          ---------          ------
   Total Liabilities and Stockholders' Deficit          $40,431            $16,268,485         $  16,308,916
                                                         =======           ============       ==============

-------
</TABLE>

                                       11
<PAGE>



ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS.  THREE-MONTH  PERIOD  ENDED  MARCH 31,  2005 AS  COMPARED TO THE
SIMILAR PERIOD IN 2004

LIQUIDITY AND CAPITAL RESOURCES

We have conducted limited  operations to date. We have been organized to provide
investors with the opportunity to  participate,  with a modest amount in venture
capital,  in investments that are generally not available to the public and that
typically require  substantially larger financial  commitments.  In addition, we
will provide professional  management and administration that might otherwise be
unavailable  to  investors  if they were to engage  directly in venture  capital
investing.

At March 31,  2005,  the  Company  held  $40,431 in assets as  compared to $0 in
assets at December 31, 2004.

Cash and cash  equivalents  from  inception  to date have been  insufficient  to
provide the operating  capital  necessary to operate the Company.  The necessary
capital to operate the  Company was  initially  provided by the  principals  and
founders of the Company in the form of both debt and capital stock  issuances as
set forth in the financial  statements  incorporated  herein.  In order to raise
capital,  the  Company,  on  January  24,  2005,  filed a Form 1-E with the SEC,
proposing to sell up to $5,000,000  of its common stock at prices  between $0.05
and $5.00. Pursuant to the 1-E exemption,  the Company,  through March 31, 2005,
converted  outstanding  promissory notes in the amount of $250,000 for 5,000,000
shares of common stock at the price of $0.05,  and sold a total of 76,000 shares
of common stock at the price of $0.50 to 14 purchasers.

In summary,  there has been an absence of  liquidity  and capital  resources  to
operate the Company  self-sufficiently.  Such inadequacy will continue until the
Company is able to raise  additional  funds pursuant to the filed 1-E exemption,
or by securing funding partners.

The Company  believes that its  liquidity and capital  resources are adequate to
satisfy its current operational needs as well as its investment objectives.

RESULTS OF OPERATIONS

INVESTMENT INCOME AND EXPENSES

For the three months ended March 31, 2005, the Company had no investment income,
and operating expenses of $81,388, resulting in a net loss of ($81,388). For the
three months ended March 31, 2004,  the Company had no  investment  income,  and
operating  expenses of $300,  resulting in a net loss of ($300). The increase in
expenses  for the three months ended March 31, 2005 over the same period in 2004
resulted  from the Company  commencing  its  primary  operations.  The  expenses
consist  of  consulting  expenses  in the  amount  of  $5,000  and  general  and
administrative  expense of  $76,388.  The  general  and  administrative  expense
consisted  primarily of accrued  wages,  director fees and expense,  and general
business expenses.

NET ASSETS

The Company's net assets  (liabilities)  were  $(39,506),  excess of liabilities
over net  assets,  or a net  liability  value per share of $(0.003) at March 31,
2005.  This  represents  a slight  change from net assets of $0, at December 31,
2005. This decrease in net asset (liability) value per share resulted  primarily
from the proceeds of the sale of stock  pursuant to the  Company's  1-E offering
exemption offset by operating costs during the period.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

The Company's  Valuation  and Audit  Committees,  consisting of the  independent
Directors of the Company,  will make certain critical accounting  estimates with
respect to the valuation of private  portfolio  investments.  As the Company has
only  commenced  limited  investing  activities,  the Company  has no  portfolio
investments at March 31, 2005.

                                       12
<PAGE>



ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

EQUITY PRICE RISK

The Company anticipates that a majority of its investment portfolio will consist
of securities in private companies and private  investment funds,  which are not
publicly traded. These investments would be recorded at fair value as determined
by the Investment  Advisers in accordance with valuation  guidelines  adopted by
the Board of Directors. This method of valuation does not result in increases or
decreases in the fair value of these securities in response to changes in market
prices.  Thus,  these  securities  would not be  subject  to equity  price  risk
normally  associated with public equity markets,  except that to the extent that
the private investment funds hold underlying public  securities,  the Company is
indirectly  exposed to equity  price risk  associated  with the public  markets.
Thus, there is no exposure to equity price risk, estimated as the potential loss
in fair value due to a  hypothetical  10% decrease in quoted market  prices.  At
March 31, 2005, the Company held no publicly traded equity securities.

ITEM 4. CONTROLS AND PROCEDURES.
      (a) Evaluation of Disclosure Controls and Procedures. As of March 31, 2005
(the  end of the  period  covered  by  this  report),  the  Company's  principal
executive  officers and principal  financial officer evaluated the effectiveness
of the Company's  disclosure controls and procedures (as defined in Exchange Act
Rules  13a-15(e)  and  15d-15(e))  and  have  concluded  that,   based  on  such
evaluation,  the Company's  disclosure controls and procedures were adequate and
effective to ensure that material  information  relating to the Company was made
known to them by others within those entities.

      (b) Changes in Internal  Controls.  There were no changes in the Company's
internal  control over  financial  reporting  identified in connection  with the
evaluation of such  internal  control that  occurred  during the Company's  last
fiscal  quarter,  that have  materially  affected,  or are reasonably  likely to
materially affect, the Company's internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.
      None.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS.

                                 USE OF PROCEEDS

      During the three  months  ended  March 31,  2005,  we  received a total of
$288,000 in proceeds  from the sale of shares of commons  stock being offered by
the  Company  pursuant  to the Form 1-E  filed  January  24,  2005 with the SEC,
proposing to sell up to $5,000,000  of its common stock at prices  between $0.05
and $5.00. Pursuant to the 1-E exemption,  the Company,  through March 31, 2005,
converted  outstanding  promissory notes in the amount of $250,000 for 5,000,000
shares of common stock at the price of $0.05.  Additionally,  the Company sold a
total of 76,000  shares of common stock at the price of $0.50 to 14  purchasers,
netting the Company  $38,000.  The directors also exercised  options to purchase
900,000 shares of common stock for an exercise price of $9,000.  We used the net
proceeds from this offering as follows:

      Retirement of debt                                               $250,000
      Deposits on Columbia Mine Purchase    and other deposits           17,147
      Operating and administrative expenses                               6,569
      Working capital (cash)                                             23,284
                                                                      ---------
                                                                       $297,000

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
      None.



                                       13
<PAGE>

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
      None.

ITEM 5. OTHER INFORMATION.
      None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K. (A) EXHIBITS.


31.1     Certification of Chief Executive Officer Pursuant to 18 U.S.C.  Section
         1350, as Adopted Pursuant to Section 302 of the  Sarbanes-Oxley  Act of
         2002.

31.2     Certification  of  Treasurer  Pursuant to 18 U.S.C.  Section  1350,  as
         Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32       Certification  Pursuant to 18 U.S.C.  Section 1350, as Adopted Pursuant
         to Section 906 of the Sarbanes-Oxley Act of 2002.


(B) REPORTS ON FORM 8-K.

(1)      On February 10, 2005, the Company filed a Current Report on Form 8-K to
         report under Item 5.02 appointment of additional Directors.

(2)      On February 14, 2005, the Company filed a Current Report on Form 8-K to
         report under Item 5.02 appointment of additional Directors.

(3)    On May 4, 2005,  the Company filed a Current Report on Form 8-K to report
       under Item 4.01 that  Robison,  Hill & Co had  resigned as the  Company's
       certifying  accountant,  and that Epstein,  Weber & Conover,  P.L.C.  was
       appointed the Company's certifying accountant.

                                   SIGNATURES

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



                         BRONCO ENERGY FUND, INC.

Date: May 13 2005        BY:  /s/ Dan Baker
                             ---------------------------------------------------
                              Dan Baker
                              Chief Executive Officer/principal executive
                                officer

Date: May 13 2005        BY:   /s/ James Marshall
                             ---------------------------------------------------
                              James Marshall
                              Chief Financial Officer/principal financial
                                officer



                                       14