**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

| [                X                ] | Quarterly                report under Section 13 or 15(d) of the Securities Exchange Act of                1934 |
|-------------------------------------|-----------------------------------------------------------------------------------------------------------------|

| [                ] | Transition                report under Section 13 or 15(d) of the Securities Exchange Act of                1934 |
|--------------------|------------------------------------------------------------------------------------------------------------------|

**MONUMENT      RESOURCES, INC.**

| **Colorado**                                   | **84-1028449**                                      |
|------------------------------------------------|-----------------------------------------------------|
| (State                or Other Jurisdiction of | (I.R.S.                Employer Identification No.) |
| Incorporation                or Organization)  |                                                |

**2050      South Oneida Street, Suite 106, Denver, Colorado 80224**

**(303)      692-9468**

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**INDEX**

|                   |                                                                                             |
|------------------------|--------------------------------------------------------------------------------------------------|
|                   |                  |
|                   |                                                                                             |   | PageNumber |
| PART                I. |                                                                                             | FINANCIAL INFORMATION |   |
|                   |                                                                                             |   |   |
|                   | Item                1.                                                                           | Condensed                Consolidated Balance Sheets as of December 31, 2006 and September                30,                2006 | 2-3 |
|                   |                                                                                             |   |   |
|                   |                                                                                             | Condensed                Consolidated Statements of Operations for the Three Months ended                December                31, 2006 and 2005. | 4 |
|                   |                                                                                             |   |   |
|                   |                                                                                             | Condensed                Consolidated Statements of Cash Flows for the Three Months ended                December                31, 2006 and 2005. | 5 |
|                   |                                                                                             |   |   |
|                   |                                                                                             | Notes                to Condensed Consolidated Financial Statements | 6 |
|                   |                                                                                             |   |   |
|                   | Item                2.                                                                           | Management’s                Discussion and Analysis of Financial Condition and Results of                Operations | 12 |
|                   |                                                                                             |   |   |
|                   | Item                3.                                                                           | Controls                and Procedures | 15 |
|                   |                                                                                             |   |   |
| PART              II.  |                                                                                             |  OTHER INFORMATION |   |
|                   |                                                                                             |   |   |
|                   |                                                                                             | Signatures | 17 |
|                   |                                                                                             |   |   |
|                   |                                                                                             | Exhibit                Index | 18 |

*-          1          -*

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**CONDENSED      CONSOLIDATED BALANCE SHEETS**

|                                                                                                             |   | December                31, |      | September                30, |   |
|------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|-----------|------------------------------|--------|
|                                                                                                             |   | 2006                        |      | 2006                         |   |
| **ASSETS**                                                                    |   | (Unaudited)                 |      | (Audited)                    |   |
|                                                                                                             |   |                        |      |                         |   |
| Current                assets                                                                                    |   |                        |      |                         |   |
| Cash                and cash equivalents                                                                    |   | $                           | 45,713    |                         | $      | 719,188 |   |
| Marketable                securities available-for-sale                                                |   |                        | 908,874   |                         |   | 410,158 |   |
| Accounts                receivable                                                                          |   |                        | 50,860    |                         |   | 36,629 |   |
| Prepaid                expenses and other assets                                                       |   |                        | 36,823    |                         |   | 18,936 |   |
|                                                                                                             |   |                        |      |                         |   |   |   |
| Total                current assets                                                                    |   |                        | 1,042,270 |                         |   | 1,184,911 |   |
|                                                                                                             |   |                        |      |                         |   |   |   |
| Proved                and unproved oil and gas                                                                   |   |                        |      |                         |   |   |   |
| properties,                successful efforts method                                                             |   |                        |      |                         |   |   |   |
| net                of accumulated depletion                                                            |   |                        | 610,918   |                         |   | 608,117 |   |
|                                                                                                             |   |                        |      |                         |   |   |   |
| Property                and equipment:                                                                           |   |                        |      |                         |   |   |   |
| Gas                pipeline, net of                                                                              |   |                        |      |                         |   |   |   |
|                     accumulated depreciation                                            |   |                        | 231,114   |                         |   | 232,657 |   |
|       Property                and equipment, net of                                |   |                        |      |                         |   |   |   |
|                           accumulated depreciation   |   |                        | 204,839   |                         |   | 112,962 |   |
|                                                                                                             |   |                        |      |                         |   |   |   |
| Net                property and equipment                                                              |   |                        | 435,953   |                         |   | 345,619 |   |
|                                                                                                             |   |                        |      |                         |   |   |   |
| Total                assets                                                                                 |   | $                           | 2,089,141 |                         | $      | 2,138,647 |   |

*-          2          -*

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**CONDENSED      CONSOLIDATED BALANCE SHEETS**

|                                                                          |   | December                31,  |       | September                30, |   |
|-------------------------------------------------------------------------------|--------|-----------------------------------|------------|------------------------------|--------|
|                                                                          |   | 2006                    |       | 2006                         |   |
| **LIABILITIES                AND STOCKHOLDERS’ EQUITY**            |   | (Unaudited)             |       | (Audited)                    |   |
|                                                                          |   |                              |       |                         |   |
| Current                liabilities                                            |   |                              |       |                         |   |
| Accounts                payable and accrued expenses                     |   | $                                 | 60,889     |                         | $      | 61,829 |   |
|                                                                          |   |                              |       |                         |   |   |   |
| Asset                retirement obligation                          |   |                              | 80,947     |                         |   | 80,947 |   |
| Total                liabilities                                    |   |                              | 141,836    |                         |   | 142,776 |   |
|                                                                          |   |                              |       |                         |   |   |   |
| Stockholders’                equity:                                    |   |                              |       |                         |   |   |   |
| Preferred                Stock, no par value, authorized                      |   |                              |       |                         |   |   |   |
| 1,000,000                shares; none issued                             |   |                              | -          |                         |   | - |   |
| Common                Stock, no par value, authorized                         |   |                              |       |                         |   |   |   |
| 10,000,000                shares; 5,319,000 issued                            |   |                              |       |                         |   |   |   |
| and                outstanding                                           |   |                              | 3,290,518  |                         |   | 3,290,518 |   |
| Accumulated                (deficit)                                     |   |                              | (1,331,352 | )                            |   | (1,284,070 | ) |
| Unrealized                gain (loss) on investment in securities   |   |                              | (11,861    | )                            |   | (10,577 | ) |
| Total                stockholders’ equity                     |   |                              | 1,947,305  |                         |   | 1,995,871 |   |
|                                                                          |   |                              |       |                         |   |   |   |
| Total                liabilities and stockholders’ equity          |   | $                                 | 2,089,141  |                         | $      | 2,138,647 |   |

*-          3          -*

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**CONDENSED      CONSOLIDATED STATEMENTS OF OPERATIONS**

**(UNAUDITED)**

|                                                                                               |   | Three                Months Ended December 31, |      |
|----------------------------------------------------------------------------------------------------|--------|------------------------------------------------|-----------|
|                                                                                     |   | 2006                                           |      | 2005 |   |
|                                                                                               |   |                                           |      |   |   |
| Revenue                                                                                            |   |                                           |      |   |   |
| Oil                and gas sales                                                    |   | $                                              | 66,497    |   | $ | 198,248 |   |
| Pipeline                income                                            |   |                                           | 29,936    |   |   | 42,143 |   |
|                                                                                               |   |                                           |      |   |   |   |   |
| Total                revenue                                                                       |   |                                           | 96,433    |   |   | 240,391 |   |
|                                                                                               |   |                                           |      |   |   |   |   |
| Expenses                                                                                           |   |                                           |      |   |   |   |   |
| Oil                and gas operating expense                                        |   |                                           | 23,155    |   |   | 16,843 |   |
| Pipeline                operating expense                                      |   |                                           | 48,723    |   |   | 45,783 |   |
| General                and administrative                                                          |   |                                           | 62,656    |   |   | 69,645 |   |
| Depletion,                depreciation and amortization                                       |   |                                           | 18,088    |   |   | 15,138 |   |
|                                                                                               |   |                                           |      |   |   |   |   |
| Total                expenses                                                                      |   |                                           | 152,622   |   |   | 147,409 |   |
|                                                                                               |   |                                           |      |   |   |   |   |
| Net                (loss) income from operations                                                   |   |                                           | (56,189   | ) |   | 92,982 |   |
|                                                                                               |   |                                           |      |   |   |   |   |
| Other                income and (expense)                                                          |   |                                           |      |   |   |   |   |
| Interest                and other                                         |   |                                           | 8,908     |   |   | 12,259 |   |
|                                                                                               |   |                                           |      |   |   |   |   |
| Net                (loss) income                                          |   | $                                              | (47,281   | ) | $ | 105,241 |   |
|                                                                                               |   |                                           |      |   |   |   |   |
| Basic                and diluted (loss) income per common share                               |   | $                                              | (.01      | ) | $ | .02 |   |
|                                                                                                    |   |                                           |      |   |   |   |   |
| Weighted                  average number of shares outstanding, basic and                  diluted |   |                                           | 5,319,000 |   |   | 5,319,000 |   |

*-          4          -*

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**CONDENSED      CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(UNAUDITED)**

|                                                                              |   | Three                Months Ended December 31, |     |
|-----------------------------------------------------------------------------------|--------|------------------------------------------------|----------|
|                                                                              |   | 2006                                           |     | 2005 |   |
| Cash                flows from operating activities:                         |   |                                           |     |   |   |
| Net                (loss) income                                             |   | $                                              | (47,281  | ) | $ | 105,241 |   |
| Adjustment                to reconcile net income to net                          |   |                                           |     |   |   |   |   |
|                    cash provided by operating activities:          |   |                                           |     |   |   |   |   |
| Depreciation,                depletion and amortization                           |   |                                           | 18,088   |   |   | 15,138 |   |
| Changes                in operating assets and liabilities:                       |   |                                           |     |   |   |   |   |
| (Increase)                decrease in accounts receivables                        |   |                                           | (14,231  | ) |   | (35,423 | ) |
| (Increase)                decrease in prepaid expenses                            |   |                                           |     |   |   |   |   |
|                     and other assets                          |   |                                           | (17,887  | ) |   | 50,158 |   |
| Increase                (decrease) in accounts payable                            |   |                                           |     |   |   |   |   |
|                     and accrued expenses                 |   |                                           | (940     | ) |   | 36,590 |   |
|                                                                              |   |                                           |     |   |   |   |   |
| Net                cash flow provided (used) by operations         |   |                                           | (62,251  | ) |   | 171,704 |   |
|                                                                              |   |                                           |     |   |   |   |   |
| Cash                flows from investing activities:                              |   |                                           |     |   |   |   |   |
|                                                                              |   |                                           |     |   |   |   |   |
| Purchase                of land                                                   |   |                                           | (95,191  | ) |   | -  |   |
| Proceeds                from sale of investment securities                        |   |                                           | -        |   |   | 1,388 |   |
| Additions                to oil and gas equipment                                 |   |                                           | (8,601   | ) |   | (675 | ) |
| Additions                to property and equipment                                |   |                                           | (7,432   | ) |   | (56,277 | ) |
| Purchase                of investment securities                             |   |                                           | (500,000 | ) |   | - |   |
|                                                                              |   |                                           |     |   |   |   |   |
| Net                cash flows used by investing activities                   |   |                                           | (611,224 | ) |   | (55,564 | ) |
|                                                                              |   |                                           |     |   |   |   |   |
| Net                increase (decrease) in cash                                    |   |                                           | (673,475 | ) |   | 16,140 |   |
|                                                                              |   |                                           |     |   |   |   |   |
| Cash                and cash equivalents at beginning of period    |   |                                           | 719,188  |   |   | 654,987 |   |
|                                                                              |   |                                           |     |   |   |   |   |
| Cash                and cash equivalents at end of period                         |   | $                                              | 45,713   |   | $ | 771,127 |   |
|                                                                              |   |                                           |     |   |   |   |   |
| Schedule                of Non-cash Investing Activities                          |   |                                           |     |   |   |   |   |
| (Increase)                decrease in unrealized (loss)                           |   |                                           |     |   |   |   |   |
| on                securities available for sale                                   |   | $                                              | (1,284   | ) | $ | 3,897 |   |
|                                                                              |   |                                           |     |   |   |   |   |

*-          5          -*

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING      POLICIES**

**THE      COMPANY**

**BASIS      OF PRESENTATION**

**CONSOLIDATION**

*-          6          -*

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**REVENUE      RECOGNITION**

**EARNINGS      PER SHARE**

**MINERAL      PROPERTIES**

**OIL      AND GAS PROPERTIES**

*-          7          -*

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**INCOME      TAXES**

**INVESTMENT      IN SECURITIES**

**COMPREHENSIVE      INCOME**

** **

**ASSET      RETIREMENT OBLIGATIONS**

*-          8          -*

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**NOTE      2 -- ESTIMATES AND RISKS**

**NOTE      3 -- SEGMENT INFORMATION**

*-          9          -*

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|                                                                                                                                   |   | Oil                and Gas  |    | Pipeline |   | Mining  |   | Corporate |   | Consolidated |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|----------|--------|--------------|--------|-----------|--------|--------------|--------|
| Revenues                                                                                                                               |   |                             |    |     |   |         |   |      |   |         |   |
| 2006                                                                                                                                   |   | $                                | 66,497  |     | $      | 29,936       |   | $         | --     |         | $      | 8,908 |   | $ | 105,341 |   |
| 2005                                                                                                                         |   |                             | 198,248 |     |   | 42,143       |   |      | --     |         |   | 12,259 |   |   | 252,650 |   |
|                                                                                                                                   |   |                             |    |     |   |         |   |      |   |         |   |   |   |   |   |   |
| Net                Income (Loss)                                                                                                       |   |                             |    |     |   |         |   |      |   |         |   |   |   |   |   |   |
| 2006                                                                                                                                   |   | $                                | 34,581  |     | $      | (27,877      | )      | $         | --     |         | $      | (53,985 | ) | $ | (47,281 | ) |
| 2005                                                                                                                                   |   |                             | 174,347 |     |   | (11,324      | )      |      | --     |         |   | (57,782 | ) |   | 105,241 |   |
|                                                                                                                                   |   |                             |    |     |   |         |   |      |   |         |   |   |   |   |   |   |
| Depreciation,                Depletion                                                                                                 |   |                             |    |     |   |         |   |      |   |         |   |   |   |   |   |   |
| and                Valuation Charged                                                                                                   |   |                             |    |     |   |         |   |      |   |         |   |   |   |   |   |   |
| to                Identifiable Assets                                                                                                  |   |                             |    |     |   |         |   |      |   |         |   |   |   |   |   |   |
| 2006                                                                                                                                   |   | $                                | 8,761   |     | $      | 9,090        |   | $         | --     |         | $      | 237 |   | $ | 18,088 |   |
| 2005                                                                                                                              |   |                             | 7,058   |     |   | 7,684        |   |      | --     |         |   | 396 |   |   | 15,138 |   |
|                                                                                                                                   |   |                             |    |     |   |         |   |      |   |         |   |   |   |   |   |   |
| Capital                Expenditures                                                                                                    |   |                             |    |     |   |         |   |      |   |         |   |   |   |   |   |   |
| 2006                                                                                                                                   |   | $                                | 8,601   |     | $      | 102,378      |   | $         | --     |         | $      | 245 |   | $ | 111,224 |   |
| 2005                                                                                                                         |   |                             | 675     |     |   | 56,277       |   |      | --     |         |   | -- |   |   | 56,952 |   |
|                                                                                                                                   |   |                             |    |     |   |         |   |      |   |         |   |   |   |   |   |   |
| Segment                information as of December 31, 2006 compared to September 30, 2006                is as                follows. |
|                                                                                                                                   |   |                             |    |     |   |         |   |      |   |         |   |   |   |   |   |   |
| Identifiable                Assets                                                                                                     |   |                             |    |     |   |         |   |      |   |         |   |   |   |   |   |   |
| December                31, 2006                                                                                                       |   | $                                | 700,299 |     | $      | 418,753      |   | $         | --     |         | $      | 970,089 |   | $ | 2,089,141 |   |
| September                30, 2006                                                                                                      |   |                             | 675,005 |     |   | 313,731      |   |      | --     |         |   | 1,149,911 |   |   | 2,138,647 |   |

**NOTE      4 -- OIL AND GAS ACTIVITIES**

**KANSAS      GAS PROJECT -- LEAVENWORTH COUNTY, KANSAS**

*-          10          -*

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**NOTE      5 -- MINERAL ACTIVITIES**

**DOBLER      GOLD MINE PROSPECT -- BROADWAY COUNTY, MONTANA**

**NOTE      6 -- COMPREHENSIVE INCOME (LOSS)**

**Three      months ended December 31, 2006**

| Accumulated                other comprehensive (loss) at September 30, 2006 |   | $      | (10,577 | )      |
|-----------------------------------------------------------------------------|--------|--------|---------|--------|
|                                                                        |   |   |    |   |
| Change                in unrealized (loss) on securities held for sale      |   |   | (1,284  | )      |
|                                                                        |   |   |    |   |
| Accumulated                other comprehensive (loss) at December 31, 2006  |   | $      | (11,861 | )      |

**Three      months ended December 31, 2005**

| Accumulated                other comprehensive income at September 30, 2005 |   | $      | (6,975  | )      |
|-----------------------------------------------------------------------------|--------|--------|---------|--------|
|                                                                        |   |   |    |   |
| Change                in unrealized gain on securities held for sale        |   |   | (3,897  | )      |
|                                                                        |   |   |    |   |
| Accumulated                other comprehensive income at December 31, 2005  |   | $      | (10,872 | )      |

*-          11          -*

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**Item      2.    **
**MANAGEMENT’S      DISCUSSION AND ANALYSIS OF **
**FINANCIAL      CONDITION **

**                           AND      RESULTS OF OPERATIONS.**

**LIQUIDITY      AND CAPITAL RESOURCES**

**RESULTS      OF OPERATIONS **

*-          12          -*

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**Item        2.    **
**MANAGEMENT’S        DISCUSSION AND ANALYSIS OF **
**FINANCIAL        CONDITION **

**                             AND        RESULTS OF OPERATIONS. (CONTINUED).**

**                  **

**RESULTS      OF OPERATIONS (CONTINUED)**

**CONTRACTUAL      OBLIGATIONS**

**CRITICAL      ACCOUNTING POLICIES AND ESTIMATES**

**Reserve      Estimates**

*-          13          -*

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** **
**Item        2.    MANAGEMENT’S        DISCUSSION AND ANALYSIS OF ****FINANCIAL        CONDITION **

**                             AND        RESULTS OF OPERATIONS. (CONTINUED).**

**Reserve      Estimates (Continued):**

**Oil      and Gas Properties**

*-          14          -*

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**Item      3.**
**          CONTROLS AND PROCEDURES**

*-          15          -*

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**PART      II -- OTHER INFORMATION**

*-          16          -*

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**SIGNATURES**

|                                 |                                                                                                                                                                            |                                               |
|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------|
|                                 | MONUMENT                RESOURCES, INC.                                  (Registrant) |
|                            |                                                                                                                                                                       |                                          |
| Date:              February 14, 2007 | By:                                                                                                                                                                   | /s/ A.G.              Foust    |
|                                 | A.G.                Foust, President(Chief                Executive Officer, Principal Financial                and Accounting Officer) anda                Director            |
|                                 |                                                                                                                                                                            |

*-          17          -*

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**EXHIBIT      INDEX**

| EXHIBIT    |                                                                                                                                                     |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| NUMBER     | DESCRIPTION                                                                                                                                              |
|       |                                                                                                                                                     |
| 31.1  | Certification                of Chief Executive and Financial Officer under Section                302 of the Sarbanes-Oxley Act of 2002.                |
|       |                                                                                                                                                     |
| 32.1  | Certification                of Chief Executive and Financial Officer under Section                906 of the Sarbanes-Oxley Act of                2002. |

*-          18          -*

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