| [ 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 |
|----------|----------------------------------------------------------------------------------------------|

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

----

|          |         |                                                                                                                     | PageNumber |
|---------------|--------------|--------------------------------------------------------------------------------------------------------------------------|------------|
| PART      I.  |         | FINANCIAL INFORMATION                                                                                                    |       |
|          |         |                                                                                                                     |       |
|          | Item      1. | Condensed      Consolidated Balance Sheet as of  December      31, 2007 and September 30, 2007                      | 2-3        |
|          |         |                                                                                                                     |       |
|          |         | Condensed      Consolidated Statements of Operations for the      Three Months ended December 31, 2007 and    2006. | 4          |
|          |         |                                                                                                                     |       |
|          |         | Condensed      Consolidated Statements of Cash Flows for the Three      Months ended December 31, 2007 and 2006     | 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                                                                                                  | 16         |
|          |         |                                                                                                                     |       |
|          |         | Signatures                                                                                                               | 17         |
|          |         |                                                                                                                     |       |
|          |         | Exhibit      Index                                                                                                       | 18         |

----

|                                                                            |   | December      31, 2007 |      |   | September      30, 2007 |   |
|---------------------------------------------------------------------------------|--------|------------------------|-----------|--------|-------------------------|--------|
|                                                                            |   |  (Unaudited)      |      |   |  (Audited)         |   |
| ASSETS                                                                          |   |                   |      |   |                    |   |
|                                                                            |   |                   |      |   |                    |   |
| Current      assets                                                             |   |                   |      |   |                    |   |
|     Cash      and cash equivalents                          |   | $                      | 121,650   |   |                    | $      | 213,808 |   |
|     Marketable      securities available-for-sale           |   |                   | 399,048   |   |                    |   | 394,725 |   |
|     Accounts      receivable                                |   |                   | 39,042    |   |                    |   | 32,316 |   |
|     Prepaid      expenses and other assets                  |   |                   | 12,512    |   |                    |   | 17,293 |   |
|                                                                            |   |                   |      |   |                    |   |   |   |
| Total      current assets                                                       |   |                   | 572,252   |   |                    |   | 658,142 |   |
|                                                                            |   |                   |      |   |                    |   |   |   |
|     Proved      and unproved oil and gas                    |   |                   |      |   |                    |   |   |   |
|             properties, successful efforts method |   |                   |      |   |                    |   |   |   |
|             net of accumulated depletion          |   |                   | 647,915   |   |                    |   | 653,790 |   |
|                                                                            |   |                   |      |   |                    |   |   |   |
| Property      and equipment:                                                    |   |                   |      |   |                    |   |   |   |
|     Gas      pipeline, net of                               |   |                   |      |   |                    |   |   |   |
|              accumulated depreciation        |   |                   | 219,335   |   |                    |   | 225,799 |   |
|     Property and      equipment, net of                     |   |                   |      |   |                    |   |   |   |
|              accumulated depreciation        |   |                   | 341,432   |   |                    |   | 317,945 |   |
|                                                                            |   |                   |      |   |                    |   |   |   |
| Net      property, equipment and pipeline                                       |   |                   | 560,767   |   |                    |   |  543,744 |   |
|                                                                            |   |                   |      |   |                    |   |   |   |
| Total      assets                                                               |   | $                      | 1,780,934 |   |                    | $      | 1,855,676 |   |

----

|                                                                          |   | December      31,       |       |   | September      30, |   |
|-------------------------------------------------------------------------------|--------|-------------------------|------------|--------|--------------------|--------|
|                                                                          |   | 2007                    |       |   | 2007               |   |
| LIABILITIES AND STOCKHOLDERS’      EQUITY      |   |   (Unaudited) |       |   | (Audited)          |   |
|                                                                          |   |                    |       |   |               |   |
| Current      liabilities                                                      |   |                    |       |   |               |   |
|     Accounts      payable and accrued expenses            |   | $                       | 37,201     |   |               | $      | 36,866 |   |
|                                                                          |   |                    |       |   |               |   |   |   |
|     Asset      retirement obligation                      |   |                    | 113,185    |   |               |   | 113,185 |   |
| Total      liabilities                                                        |   |                    | 150,386    |   |               |   | 150,051 |   |
|                                                                          |   |                    |       |   |               |   |   |   |
| 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)                                                    |   |                    | (1,658,184 | )      |               |   | (1,578,784 | ) |
| Unrealized      gain (loss) on investment in securities                       |   |                    | (1,786     | )      |               |   | (6,109 | )  |
| Total      stockholders’ equity                                         |   |                    | 1,630,548  |   |               |   | 1,705,625 |   |
|                                                                          |   |                    |       |   |               |   |   |   |
| Total      liabilities and stockholders’ equity                         |   | $                       | 1,780,934  |   |               | $      | 1,855,676 |   |

----

|                                                                  |   |        Three      Months Ended December 31, |      |
|-----------------------------------------------------------------------|--------|--------------------------------------------------|-----------|
|                                                                  |   | 2007                                             |      |   | 2006 |   |
|                                                                  |   |                                             |      |   |   |   |
| Revenue                                                               |   |                                             |      |   |   |   |
|     Oil      and gas sales                        |   | $                                                | 34,732    |   |   | $ | 66,497 |   |
|     Pipeline      income                          |   |                                             | 10,166    |   |   |   |  29,936 |   |
|                                                                  |   |                                             |      |   |   |   |   |   |
|         Total      revenue    |   |                                             | 44,898    |   |   |   |  96,433 |   |
|                                                                  |   |                                             |      |   |   |   |   |   |
| Expenses                                                              |   |                                             |      |   |   |   |   |   |
|     Oil      and gas operating expense            |   |                                             | 12,657    |   |   |   | 23,155 |   |
|     Pipeline      operating expense               |   |                                             | 36,335    |   |   |   | 48,723 |   |
|     General and      administrative               |   |                                             | 60,508    |   |   |   | 62,656 |   |
|     Depletion,      depreciation and amortization |   |                                             | 23,508    |   |   |   |  18,088 |   |
|                                                                  |   |                                             |      |   |   |   |   |   |
|         Total      expenses   |   |                                             | 133,008   |   |   |   |  152,622 |   |
|                                                                  |   |                                             |      |   |   |   |   |   |
| Net      loss from operations                                         |   |                                             | (88,110   | ) |   |   | (56,189 | ) |
|                                                                  |   |                                             |      |   |   |   |   |   |
| Other      income and (expense)                                       |   |                                             |      |   |   |   |   |   |
|     Interest and      other                       |   |                                             | 8,710     |   |   |   |  8,908 |   |
|                                                                  |   |                                             |      |   |   |   |   |   |
| Net      loss                                                         |   | $                                                | (79,400   | ) |   | $ | (47,281 | ) |
|                                                                  |   |                                             |      |   |   |   |   |   |
| Basic      and diluted loss per common share                          |   | $                                                | (.01      | ) |   | $ | (.01 | ) |
|                                                                  |   |                                             |      |   |   |   |   |   |
| Weighted      average number of shares outstanding, basic             |   |                                             |      |   |   |   |   |   |
|    and      diluted                                    |   |                                             | 5,319,000 |   |   |   | 5,319,000 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                              |   | Three Months Ended December 31, |          |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|---------------|
|                                                                                                                                                                                                                                                                                                                                                                                              |   | 2007                            |          |   | 2006 |   |
| Cash      flows from operating activities:                                                                                                                                                                                                                                                                                                                                                        |   |                            |          |   |   |   |
| Net      loss                                                                                                                                                                                                                                                                                                                                                                                     |   | $                               | (79,400       | ) |   | $ | (47,281 | ) |
| Adjustment      to reconcile net loss to net                                                                                                                                                                                                                                                                                                                                                      |   |                            |          |   |   |   |   |   |
|    cash      used in operating activities:                                                                                                                                                                                                                                                                                                                                         |   |                            |          |   |   |   |   |   |
|     Depreciation,      depletion and amortization                                                                                                                                                                                                                                                                                                                             |   |                            | 23,508        |   |   |   | 18,088 |   |
| Changes      in operating assets and liabilities:                                                                                                                                                                                                                                                                                                                                                 |   |                            |          |   |   |   |   |   |
|     (Increase)      decrease in prepaid expenses                                                                                                                                                                                                                                                                                                                              |   |                            |          |   |   |   |   |   |
|          and      other assets                                                                                                                                                                                                                                                                                                                       |   |                            | 4,781         |   |   |   | (17,887 | ) |
|     Increase in      accounts and                                                                                                                                                                                                                                                                                                                                             |   |                            |          |   |   |   |   |   |
|         other      receivables                                                                                                                                                                                                                                                                                                                            |   |                            | (6,726        | ) |   |   | (14,231 | ) |
|     Increase      (decrease) in accounts payable                                                                                                                                                                                                                                                                                                                              |   |                            |          |   |   |   |   |   |
|         and      accrued      expenses                                                                                        |   |                            | 335           |   |   |   |  (940 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                              |   |                            |          |   |   |   |   |   |
| Net      cash flow used in operations                                                                                                                                                                                                                                                                                                                                                             |   |                            |  (57,502 | ) |   |   | (62,251 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                              |   |                            |          |   |   |   |   |   |
| Cash      flows from investing activities:                                                                                                                                                                                                                                                                                                                                                        |   |                            |          |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                              |   |                            |          |   |   |   |   |   |
| Purchase      of land                                                                                                                                                                                                                                                                                                                                                                             |   |                            | -             |   |   |   | (95,191 | ) |
| Additions      to oil and gas properties                                                                                                                                                                                                                                                                                                                                                          |   |                            | -             |   |   |   | (8,601 | ) |
| Additions      to equipment                                                                                                                                                                                                                                                                                                                                                                       |   |                            | (34,656       | ) |   |   | (7,432 | ) |
| Purchase      of investment      securities                                                          |   |                            | -             |   |   |   | (500,000 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                              |   |                            |          |   |   |   |   |   |
| Net      cash flows used in investing      activities                                                                                                                                                                                                           |   |                            | (34,656       | ) |   |   | (611,224 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                              |   |                            |          |   |   |   |   |   |
| Net      decrease in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                    |   |                            | (92,158       | ) |   |   | (673,475 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                              |   |                            |          |   |   |   |   |   |
| Cash      and cash equivalents at beginning of period                                                                                                                                                                                                                                                                                                                                             |   |                            | 213,808       |   |   |   | 719,188  |   |
|                                                                                                                                                                                                                                                                                                                                                                                              |   |                            |          |   |   |   |   |   |
| Cash      and cash equivalents at end of period                                                                                                                                                                                                                                                                                                                                                   |   | $                               | 121,650       |   |   | $ | 45,713 |   |
|                                                                                                                                                                                                                                                                                                                                                                                              |   |                            |          |   |   |   |   |   |
| Schedule of Non-cash      Investing Activities                                                                                                                                                                                                                                                                                                                                                    |   |                            |          |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                              |   |                            |          |   |   |   |   |   |
| (Increase)      decrease in unrealized loss                                                                                                                                                                                                                                                                                                                                                       |   |                            |          |   |   |   |   |   |
|         on securities available for sale                                                                                                                                                                                                                                                                                                                                                |   | $                               | 4,323         |   |   | $ | (1,284 | ) |

----

----

----

----

| §   | The      fact that we are reliant on a single gas purchaser under an agreement that      requires us to maintain certain quality  standards. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| §   | The      possibility that our gas transmission facilities and equipment may      experience mechanical difficulties and breakdowns substantially curtailing      our gas deliverability. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Severe      weather conditions are typical in our area of operations and may cause      interruptions of our ability to produce and/or deliver gas to our      purchaser. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Our      limited financial resources may impede our ability to maintain gas      deliveries at current levels and our ability to increase such      levels. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | The      possibility that the described operations, reserves, or development,      re-completion or production activities will not be completed, continued or      realized on economic terms, if atall. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | The      development and production of oil and gas enterprises attendant with high      risk, including the risk of fluctuating prices for oil and natural      gas. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Not      developing adequate reserves despite expending large sums of      money. |
|--------------------|-----------------------------------------------------------------------------------|

| §   | Test      results and reserve estimates may not be  accurate. |
|--------------------|---------------------------------------------------------------|

| §   | The      possibility that the estimates on which we are relying are inaccurate and      that unknown or unexpected future events may occur that will tend to      reduce our ability to operate successfully, if at  all. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Although      we currently do not have active operations in the mining segment, mining      exploration and mining have inherent risks including the environment, low      prices for commodities, competition from better financed companies and the      risk of failure in either exploration or mining.  There is no      assurance we will be able to compete successfully in the exploration and      mining business should that course of action be  undertaken. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                |   | Oil and Gas |    |   | Pipeline |   |    | Corporate |   |   | Consolidated |   |
|-----------------------------------------------------------------------------------------------------|--------|-------------|---------|--------|----------|--------|---------|-----------|--------|--------|--------------|--------|
| Revenues                                                                                            |   |        |    |   |     |   |    |      |   |   |         |   |
|     2007                                                                        |   | $           | 34,732  |   |     | $      | 10,166  |      |   | $      | 8,710        |   |   | $ | 53,608 |   |
|     2006                                                                        |   |        | 66,497  |   |     |   | 29,936  |      |   |   | 8,908        |   |   |   | 105,341 |   |
|                                                                                                |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| Net      Income (Loss)                                                                              |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
|     2007                                                                        |   | $           | 12,181  |   |     | $      | (37,924 | )         |   | $      | (53,657      | )      |   | $ | (79,400 | ) |
|     2006                                                                        |   |        | 34,581  |   |     |   | (27,877 | )         |   |   | (53,985      | )      |   |   | (47,281 | ) |
|                                                                                                |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| Depreciation,      Depletion                                                                        |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| and      Valuation Charged                                                                          |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| to      Identifiable Assets                                                                         |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
|     2007                                                                        |   | $           | 9,895   |   |     | $      | 11,754  |      |   | $      | 1,859        |   |   | $ | 23,508 |   |
|     2006                                                                        |   |        | 8,761   |   |     |   | 9,090   |      |   |   | 237          |   |   |   | 18,088 |   |
|                                                                                                |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| Capital      Expenditures                                                                           |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
|     2007                                                                        |   | $           | -       |   |     | $      | 34,656  |      |   | $      | -            |   |   | $ | 34,656 |   |
|     2006                                                                        |   |        | 8,601   |   |     |   | 102,378 |      |   |   | 245          |   |   |   | 111,224 |   |
|                                                                                                |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| Segment      information as of December 31, 2007 compared to September 30, 2007 is as      follows. |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
|                                                                                                |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| Identifiable      Assets                                                                            |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
|     December 31,      2007                                                      |   | $           | 822,326 |   |     | $      | 423,229 |      |   | $      | 535,379      |   |   | $ | 1,780,934 |   |
|     September 30,      2007                                                     |   |        | 724,531 |   |     |   | 502,809 |      |   |   | 628,336      |   |   |   | 1,855,676 |   |

----

| Accumulated      other comprehensive (loss) at September 30, 2007 |   | $      | (6,109 | )      |
|-------------------------------------------------------------------|--------|--------|--------|--------|
|                                                              |   |   |   |   |
| Change      in unrealized (loss) on securities held for sale      |   |   | 4,323  |   |
|                                                              |   |   |   |   |
| Accumulated      other comprehensive (loss) at December 31, 2007  |   | $      | (1,786 | )      |

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

----

----

----

----

----

----

|                        |                                                                                                                                                        |                                  |
|-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|
|                        | MONUMENT      RESOURCES, INC.                        (Registrant) |
|                   |                                                                                                                                                   |                             |
| Date:      February 7, 2008 | By:                                                                                                                                               | /s/ A.G. Foust    |
|                        | A.G.      Foust, President(Chief      Executive Officer, Principal Financial      and Accounting Officer) anda      Director                                |
|                        |                                                                                                                                                        |

----

| 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 of2002.  |

----