SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

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

         For the quarterly period ended December 31, 2005
                                        -----------------

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

         For the transition period from ______________ to _______________


                        Commission file number 033-15528
                                               ---------


                            MONUMENT RESOURCES, INC.
     ----------------------------------------------------------------------
        (Exact name of Small Business Issuer as Specified in its Charter)


               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
           -----------------------------------------------------------
          (Address of Principal Executive Offices, Including Zip Code)


                                 (303) 692-9468
           -----------------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)


Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange Act during the past 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 a shell company as defined in
Rule 12b-2 of the Exchange Act.     Yes [ ]   No  [ X }


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 5,319,000 shares of common stock were
outstanding at February 9, 2006.

Transitional Small Business Disclosure Format (Check One):
                                    Yes [ ]   No  [ X }

<PAGE>


                     MONUMENT RESOURCES, INC. AND SUBSIDIARY

                                      INDEX

                                                                     Page Number
                                                                     -----------

PART I.  FINANCIAL INFORMATION

         Item 1. Condensed Consolidated Balance Sheets as of              2
                 December 31, 2005 and September 30, 2005

                 Condensed Consolidated Statements of Operations          4
                 for the Three Months ended December 31, 2005 and 2004

                 Condensed Consolidated Statements of Cash Flows          5
                 for the Three Months ended
                 December 31, 2005 and 2004

                 Notes to Condensed Consolidated Financial Statements     6

         Item 2. Management's Discussion and Analysis of                 14
                 Financial Condition and Results of Operations

         Item 3. Controls and Procedures                                 16

PART II. OTHER INFORMATION                                               17

         Signatures                                                      18

         Exhibit Index                                                   19

                                        1
<PAGE>



Item 1. Financial Statements.


                     MONUMENT RESOURCES, INC. AND SUBSIDIARY
                      CONDENSED CONSOLIDATED BALANCE SHEETS


                                                December 31, September 30,
                                                    2005         2005
ASSETS                                          (Unaudited)   (Audited)
------                                           ----------   ----------
Current assets
         Cash and cash equivalents               $  771,127   $  654,987
         Investment in securities, at market        411,236      416,521
         Accounts receivable                         82,838       47,415
         Prepaid expenses                            10,441       60,599
                                                 ----------   ----------

Total current assets                              1,275,642    1,179,522

Mineral properties                                   28,706       28,706
Proved and unproved oil and gas
         properties, successful efforts method
         net of accumulated depletion               388,991      392,578

Property and equipment:
         Gas pipeline, net of
           accumulated depreciation                 242,897      223,864
         Property and equipment, net of
           accumulated depreciation                 120,575       94,207
                                                 ----------   ----------

Net property and equipment                          363,472      318,071
                                                 ----------   ----------

Total assets                                     $2,056,811   $1,918,877
                                                 ==========   ==========

            See Notes to Condensed Consolidated Financial Statements.

                                        2
<PAGE>



Item 1.  Financial Statements. (Continued)


                     MONUMENT RESOURCES, INC. AND SUBSIDIARY
                      CONDENSED CONSOLIDATED BALANCE SHEETS


                                                 December 31,  September 30,
                                                    2005           2005
LIABILITIES AND STOCKHOLDERS' EQUITY             (Unaudited)     (Audited)
----------------------------------------         -----------    -----------
Current liabilities
         Accounts payable and accrued expenses   $    69,694    $    33,104

Asset retirement obligation                           29,001         29,001
                                                 -----------    -----------

Total liabilities                                     98,695         62,105

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 on December 31, 2005
         and September 30, 2005                    3,290,518      3,290,518
Accumulated deficit                               (1,321,530)    (1,426,771)
Unrealized gain on investment in securities          (10,872)        (6,975)
                                                 -----------    -----------

Total stockholders' equity                         1,958,116      1,856,772
                                                 -----------    -----------

Total liabilities and stockholders' equity       $ 2,056,811    $ 1,918,877
                                                 ===========    ===========

            See Notes to Condensed Consolidated Financial Statements.

                                        3
<PAGE>



Item 1.  Financial Statements. (Continued)


                     MONUMENT RESOURCES, INC. AND SUBSIDIARY
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)


                                                          Three Months Ended
                                                              December 31,
                                                      -------------------------
                                                          2005          2004


Revenue
         Oil and gas sales                            $   198,248   $   104,754
         Pipeline income                                   42,143        38,373
                                                      -----------   -----------

                  Total revenue                           240,391       143,127
                                                      -----------   -----------

Expenses
         Oil and gas operating expense                     16,843        12,959
         Pipeline operating expense                        45,783        34,412
         General and administrative                        69,645        71,851
         Depletion, depreciation and amortization          15,138        15,565
                                                      -----------   -----------

                  Total expenses                          147,409       134,787
                                                      -----------   -----------

Net income from operations                                 92,982         8,340

Other income and (expense)
         Loss on sale of securities                          --            (125)
         Interest and other                                12,259         8,243
                                                      -----------   -----------

Net income                                            $   105,241   $    16,458
                                                      ===========   ===========

Basic income per common share                         $       .02   $      --
                                                      ===========   ===========
Diluted income per common share                       $       .02   $      --
                                                      ===========   ===========
Weighted average number of shares outstanding           5,319,000     4,569,000
                                                      ===========   ===========

Diluted weighted average number of shares outstanding   5,319,000     4,749,000
                                                      ===========   ===========

            See Notes to Condensed Consolidated Financial Statements.

                                        4
<PAGE>


Item 1.  Financial Statements. (Continued)


                     MONUMENT RESOURCES, INC. AND SUBSIDIARY
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

                                              Three Months Ended December 31,
                                              -------------------------------
                                                      2005         2004
                                                   ---------    ---------

Cash flows from operating activities:
Net income                                         $ 105,241    $  16,458
Adjustment to reconcile net income to net
   cash provided by operating activities:
         Depreciation, depletion and amortization     15,138       15,565
         (Gain) loss on sale of securities              --            125
Changes in operating assets and liabilities:
         Decrease in prepaid expense                  50,158        5,452
         (Increase) in accounts receivable           (35,423)     (40,761)
         Increase (decrease) in accounts payable
         and accrued expenses                         36,590       13,001
                                                   ---------    ---------

Net cash flow provided by operation                  171,704        9,840
                                                   ---------    ---------

Cash flows from investing activities:

Proceeds from sale of investment securities            1,388       52,238
Additions to oil and gas properties                     (675)      (2,158)
Additions to equipment                               (56,277)     (33,715)
                                                   ---------    ---------
Net cash flows provided  (used) by
   investing activities                              (55,564)      16,365
                                                   ---------    ---------

Net increase in cash                                 116,140       26,205

Cash and cash equivalents at beginning of period     654,987       51,397
                                                   ---------    ---------

Cash and cash equivalents at end of period         $ 771,127    $  77,602
                                                   =========    =========


                    Schedule of Non-cash Investing Activities
                    -----------------------------------------


Decrease (increase) in unrealized gain
         on securities available for sale           $   3,897    $  (4,774)
                                                    =========    =========

            See Notes to Condensed Consolidated Financial Statements

                                        5
<PAGE>



Item 1.  Financial Statements. (Continued)



                     MONUMENT RESOURCES, INC. AND SUBSIDIARY

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

THE COMPANY

     Monument Resources, Inc, (the "Company") was organized under the laws of
the State of Colorado on October 1, 1984. We are in the business of acquiring
and brokering mineral and oil and gas properties and exploring, developing, and
selling production from our gas properties. Our mineral property is in Montana.
See Note 6 below. Our gas properties are in Leavenworth County, Kansas. We also
operate a gas pipeline in conjunction with our Leavenworth gas wells.

     We have a substantial investment in mineral and gas properties. We may not
have sufficient capital to fully explore our mineral holdings or to develop some
of our gas properties, which would require additional investment. We have in the
past relied on joint venture partners to supply most of the funds needed to
explore or develop our properties, and may also rely on such partners for
similar funding in the future. Our ability to obtain outside funding may be
critical to our exploration and development efforts of some of our properties.
As a result of these factors, recovery of our investments in these properties
cannot be assured.

BASIS OF PRESENTATION

     The accompanying condensed consolidated financial statements are unaudited.
However, in our opinion, the accompanying condensed consolidated financial
statements reflect all adjustments, consisting of only normal recurring
adjustments, necessary for fair presentation. Interim results of operations are
not necessarily indicative of results for subsequent interim periods or the
remainder of the year. These financial statements should be read in conjunction
with our Annual Report on Form 10-KSB for the year ended September 30, 2005.

     Except for the historical information contained in this Form 10-QSB, this
Report contains forward-looking statements that involve risks and uncertainties.
Our actual results could differ materially from those discussed in this Report.
Factors that could cause or contribute to such differences include, but are not
limited to, those discussed in this Report and in our Annual Report on Form
10-KSB for the year ended September 30, 2005.

CONSOLIDATION

     The accompanying condensed consolidated financial statements include the
accounts of our Company, and our wholly owned Kansas subsidiary, COG
Transmission Corporation. All inter-company transactions and balances have been
eliminated in consolidation.

                                        6
<PAGE>



Item 1.  Financial Statements. (Continued)

REVENUE RECOGNITION

     Sales of oil and gas production and pipeline income are recognized at the
time of delivery of the product to the purchaser.

EARNINGS PER SHARE

     We have adopted Statement of Financial Accounting Standards ("SFAS") No.
128, addressing earnings per share. SFAS No. 128 established the methodology of
calculating basic earnings per share and diluted earnings per share. The
calculations differ by adding any instruments convertible to common stock (such
as stock options, warrants, and convertible preferred stock) to weighted average
shares outstanding when computing diluted earnings per share.

     The following is a reconciliation of the numerators and denominators used
in the calculations of our basic and diluted earnings per share for the three
months ended:
<TABLE>
<CAPTION>

                                                              December 31,
                                 -------------------------------------------------------------------
                                                2005                               2004
                                 ---------------------------------   -------------------------------
                                                            Per                                Per
                                    Net                    Share         Net                  Share
                                  Income      Shares       Amount      Income      Shares     Amount
                                 ---------   ---------   ---------   ---------   ---------   -------
<S>                              <C>         <C>         <C>         <C>         <C>         <C>
Basic earnings per share:
     Net income
     and share amounts           $ 105,241   5,319,000   $     .02   $  16,458   4,569,000   $  --

Dilutive securities:
     Stock options                    --           -0-        --          --       180,000      --
                                 ---------   ---------   ---------   ---------   ---------   -------

Diluted earnings per share:
     Net income and
      assumed share conversion   $ 105,241   5,319,000   $     .02   $  16,458   4,749,000   $  --
                                 =========   =========   =========   =========   =========   =======
</TABLE>


MINERAL PROPERTIES

     Costs of acquiring, exploring, and developing specific mineral properties
are capitalized on a property-by-property basis until the commercial viability
of each property is determined. When a property reaches the production stage,
the related capitalized costs will be amortized, using the units of production
method on the basis of periodic estimates of ore reserves. Proved and unproved
mining properties are periodically assessed for impairment of value and any
impairments are charged to operations at the time of impairment. Should a
property be sold or abandoned, its capitalized costs are charged to operations
and gain or loss recognized.

                                        7
<PAGE>



Item 1.   Financial Statements. (Continued)

OIL AND GAS PROPERTIES

     We follow the successful efforts method of accounting for our oil and gas
activities. Under this method, costs associated with the acquisition, drilling
and equipping of successful exploratory and development wells are capitalized.
Geological and geophysical costs, delay rentals and drilling costs of
unsuccessful exploratory wells are charged to expense as incurred. Depletion and
depreciation of the capitalized costs for producing oil and gas properties are
provided by the unit-of-production method based on proved oil and gas reserves.
Undeveloped and unproved properties are periodically assessed for possible
impairment due to unrecoverability of costs invested. Developed and proved
properties are periodically assessed under the accounting rules of SFAS No. 144,
"Accounting for the Impairment and Disposal of Long-Lived Assets". Cash received
for partial conveyances of property interests is treated as a recovery of cost
and no gain or loss is recognized.

INCOME TAXES

     We have made no provision for income taxes for the three-month period ended
December 31, 2005 since the pre-tax income will be offset by net operating loss
carryforwards. We had approximately $1,559,704 of such carryforwards at
September 30, 2005.

INVESTMENT IN SECURITIES

     We follow SFAS No. 115, "Accounting for Certain Investments in Debt and
Equity Securities," in accounting for our security investments. In accordance
with SFAS No. 115, our investment in securities has been classified as
available-for-sale because they are being held for an indefinite period of time.
Under the available-for-sale classification, the securities are recorded as an
asset at current market value on the balance sheet with an equal amount
representing unrealized gains and losses recorded as a component of
stockholders' equity. The current market value is derived from published
newspaper quotations as of the end of each quarter. At the time of sale, a gain
or loss is recognized in the statement of operations using the cost basis of
securities sold as determined by specific identification.

COMPREHENSIVE INCOME

     We have adopted SFAS No. 130, "Reporting Comprehensive Income", which
establishes standards for reporting comprehensive income. This pronouncement
requires that all items recognized under accounting standards as components of
comprehensive income, as defined in the pronouncement, be reported in a
financial statement that is displayed with the same prominence as other
financial statements. Comprehensive income includes changes in equity during a
period, except those resulting from investments by owners and distributions to
owners. Under comprehensive income, we report unrealized gains and losses on
investments in debt and equity securities as changes in equity.

                                        8
<PAGE>



Item 1.   Financial Statements. (Continued)

ASSET RETIREMENT OBLIGATIONS

     We have adopted SFAS No. 143, "Accounting for Asset Retirement
Obligations". SFAS No. 143 addresses financial accounting and reporting for
obligations associated with the retirement of tangible long-lived assets and the
associated asset retirement costs. We have adopted SFAS No. 143 and recorded our
estimated obligations. Quarterly accretion is not material.

STOCK BASED COMPENSATION

     We have adopted SFAS Standards No. 148, "Accounting for Stock-Based
Compensation - Transition and Disclosure" - an amendment of FASB Statement No.
123. SFAS No. 148 amends No. SFAS 123, "Accounting for Stock-Based Compensation"
to provide alternative methods of transition for a voluntary change to the fair
value based method of accounting for stock-based employee compensation. In
addition, SFAS No. 148 amends the disclosure requirements of SFAS No. 123 to
require prominent disclosures in both annual and interim financial statements
about the method of accounting for stock-based employee compensation and the
effect of the method used on reported results. Going forward we will apply the
new rules that apply to stock-based compensation as set out in SFAS 123.R.

NEW ACCOUNTING PRONOUNCEMENTS

FASB 151 -  Inventory Costs

     In November 2004, the FASB issued FASB Statement No. 151, which revised ARB
No. 43, relating to inventory costs. This revision is to clarify the accounting
for abnormal amounts of idle facility expense, freight, handling costs and
wasted material (spoilage). This Statement requires that these items be
recognized as a current period charge regardless of whether they meet the
criterion specified in ARB 43. In addition, this Statement requires the
allocation of fixed production overheads to the costs of conversion be based on
normal capacity of the production facilities. This Statement became effective
for financial statements for fiscal years beginning after June 15, 2005.
Management believes this Statement has not any and will not have any material
impact on our financial statements.

FASB 153 - Exchanges of Non-monetary Assets

     In December 2004, the FASB issued FASB Statement No. 153. This Statement
addresses the measurement of exchanges of non-monetary assets. The guidance in
APB Opinion No. 29, "Accounting for Non-monetary Transactions", is based on the
principle that exchanges of non-monetary assets should be measured based on the
fair value of the assets exchanged. The guidance in that Opinion, however,
included certain exceptions to that principle. This Statement amends Opinion 29
to eliminate the exception for non-monetary exchanges of similar productive
assets and replaces it with a general exception for exchanges of non-monetary
assets that do not have commercial substance. A non-monetary exchange has
commercial substance if the future cash flows of the entity are expected to
change significantly as a result of the exchange. This

                                        9
<PAGE>



Item 1.   Financial Statements. (Continued)

     Statement is effective for financial statements for fiscal years beginning
after June 15, 2005. Earlier application is permitted for non-monetary asset
exchanges incurred during fiscal years beginning after the date of this
Statement is issued. Management believes this Statement will have no impact on
our financial statements.

FASB 123 (revised 2004) - Share-Based Payments

     In December 2004, the FASB issued a revision to FASB Statement No. 123,
"Accounting for Stock Based Compensation". This Statement supersedes APB Opinion
No. 25, "Accounting for Stock Issued to Employees", and its related
implementation guidance. This Statement establishes standards for the accounting
for transactions in which an entity exchanges its equity instruments for goods
or services. It also addresses transactions in which an entity incurs
liabilities in exchange for goods or services that are based on the fair value
of the entity's equity instruments or that may be settled by the issuance of
those equity instruments. This Statement focuses primarily on accounting for
transactions in which an entity obtains employee services in share-based payment
transactions. This Statement does not change the accounting guidance for
share-based payment transactions with parties other than employees provided in
Statement 123 as originally issued and EITF Issue No. 96-18, "Accounting for
Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in
Conjunction with Selling, Goods or Services." This Statement does not address
the accounting for employee share ownership plans, which are subject to AICPA
Statement of Position 93-6, Employers' Accounting for Employee Stock Ownership
Plans.

     A nonpublic entity will measure the cost of employee services received in
exchange for an award of equity instruments based on the grant-date fair value
of those instruments, except in certain circumstances.

     A public entity will initially measure the cost of employee services
received in exchange for an award of liability instruments based on its current
fair value; the fair value of that award will be re-measured subsequently at
each reporting date through the settlement date. Changes in fair value during
the requisite service period will be recognized as compensation cost over that
period. A nonpublic entity may elect to measure its liability awards at their
intrinsic value through the date of settlement.

     The grant-date fair value of employee share options and similar instruments
will be estimated using the option-pricing models adjusted for the unique
characteristics of those instruments (unless observable market prices for the
same or similar instruments are available).

     Excess tax benefits, as defined by this Statement, will be recognized as an
addition to paid-in-capital. Cash retained as a result of those excess tax
benefits will be presented in the statement of cash flows as financing cash
inflows. The write-off of deferred tax assets relating to unrealized tax
benefits associated with recognized compensation cost will be recognized as
income tax expense unless there are excess tax benefits from previous awards
remaining in paid-in capital to which it can be offset.

                                       10
<PAGE>



Item 1.   Financial Statements. (Continued)

     The notes to the financial statements of both public and nonpublic entities
will disclose information to assist users of financial information to understand
the nature of share-based payment transactions and the effects of those
transactions on the financial statements.

     The effective date for public entities that do not file as small business
issuers will be as of the beginning of the first interim or annual reporting
period that begins after June 15, 2005. For public entities that file as small
business issuers and nonpublic entities the effective date will be as of the
beginning of the first interim or annual reporting period that begins after
December 15, 2005. Management has complied with this Statement as of the
effective date.

NOTE 2 -- ESTIMATES AND RISKS

     The mining and oil and gas industries are subject, by their nature, to
environmental hazards and cleanup costs for which we carry liability insurance.
At this time, we know of no substantial costs from environmental accidents or
events for which we may be currently liable. In addition, our oil and gas
business makes us vulnerable to changes in wellhead prices of crude oil and
natural gas. Such prices have been volatile in the past and can be expected to
be volatile in the future. By definition, proved reserves are based on current
oil and gas prices. Price declines reduce the estimated proved reserves and
increase annual amortization expense (which is based on proved reserves).

NOTE 3 -- SEGMENT INFORMATION

     We operate in three industry segments within the United States: (1) oil and
gas exploration and development, (2) mineral exploration and development, and
(3) gas transmission pipeline.

     Identified assets by industry are those assets that are used in our
operations in each industry. Corporate assets are principally cash, investment
securities, furniture, and fixtures.

     We have adopted SFAS No. 131, which requires the presentation of
descriptive information about reportable segments which is consistent with that
made available to us in order to assess performance.

     Our oil and gas segment derives its revenues from the sale of oil and gas.
Our mining segment receives its revenues primarily from option or the sale of a
mineral venture that we have originated. Corporate income is primarily derived
from interest income on our funds held in money market accounts and the sale of
government backed bonds. Our pipeline segment derives revenue from the sale,
transportation and compression of our gas in Leavenworth County, Kansas.

     During the three months ended December 31, 2005, we had no inter-segment
revenues. The accounting policies applied by each segment are the same as those
we use in general.

     Net sales to one customer of our gas transmission pipeline segment totaled
$198,248, or 100% of our revenues for the three months ended December 31, 2005.

                                       11
<PAGE>



Item 1.   Financial Statements. (Continued)

     There have been no differences from our last annual report in the bases of
measuring segment profit or loss. There have been no material changes in the
amount of assets for any of our operating segments since our last annual report.

Segment information for the three months ended December 31, 2005 and 2004 is as
follows:
<TABLE>
<CAPTION>

                            Oil and Gas   Pipeline         Mining      Corporate     Consolidated
                           -----------   -----------    -----------   ------------   ------------
<S>                        <C>           <C>            <C>           <C>            <C>
Revenues
     2005                  $   198,248   $    42,143    $      --     $    12,259    $   252,650
     2004                      104,754        38,383           --           8,118        151,245

Income (Loss)
From Operations
     2005                  $   174,347   $   (11,324)   $      --     $   (57,782)   $   105,241
     2004                       83,669        (2,592)          --         (64,619)        16,458

Identifiable Assets
     2005                  $   455,724   $   376,219    $    28,706   $ 1,196,162    $ 2,056,811
     2004                      523,088       273,112         28,706       548,655      1,373,561

Depreciation, Depletion
and Valuation Charged
to Identifiable Assets
     2005                  $     7,058   $     7,684    $      --     $       396    $    15,138
     2004                        8,096         7,073           --             396         15,565

Capital Expenditures
     2005                  $       675   $    56,277    $      --     $      --      $    56,952
     2004                        2,158        33,715           --            --           35,873
</TABLE>


NOTE 4 -- OIL AND GAS ACTIVITIES

KANSAS GAS PROJECT -- LEAVENWORTH COUNTY, KANSAS

     During the quarter ended December 31, 2005, we completed approximately
three miles of gas pipeline necessary to complete the connection of two new gas
wells. These wells are currently producing and should have a positive impact on
our current and future gas production volumes.

                                       12
<PAGE>



Item 1.  Financial Statements. (Continued)

NOTE 5 -- MINERAL ACTIVITIES

DOBLER GOLD MINE PROSPECT -- BROADWAY COUNTY, MONTANA

     We carry a cost basis of $28,706 on the Dobler Mine property in Broadway
County, Montana. On January 15, 2006, we entered into a contract to sell the
Dobler Mine property for $140,000 less a 6 1/2% commission. The scheduled
closing is February 15, 2006. Although there is no assurance the closing will
take place, we have had no indication from the real estate agent that there are
any difficulties with the transaction.

NOTE 6 -- COMPREHENSIVE INCOME (LOSS)

     Comprehensive income is the total of net income and all other non-owner
changes in equity. Comprehensive income includes our net income and the change
in unrealized gain (loss) on available for sale investments. We report the
unrealized gain on the investment in securities in our Consolidated Balance
Sheet. The table below details the changes during the three months ended
December 31, 2005 and 2004, in our Accumulated Other Comprehensive Income
balance and the components of our comprehensive income.

Three months ended December 31, 2005
Accumulated other comprehensive loss at September 30, 2005         $(6,975)

Change in unrealized gain on securities held for sale               (3,897)

                                                                  ----------
Accumulated other comprehensive loss at December 31, 2005         $(10,872)
                                                                  ==========

Three months ended December 31, 2004
Accumulated other comprehensive income at September 30, 2004        $16,047

Change in unrealized gain on securities held for sale                 4,774

                                                                  ----------
Accumulated other comprehensive income at December 31, 2004         $20,821
                                                                  ==========

                                       13
<PAGE>



Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

LIQUIDITY AND CAPITAL RESOURCES

     At December 31, 2005, our current assets were $1,275,642 and current
liabilities were $69,694 and we had working capital of $1,205,948 compared to
current assets of $1,179,522 at September 30, 2005 and current liabilities of
$33,104 at September 30, 2005, resulting in working capital at September 30,
2005 of $1,146,418. Our working capital increased $59,530, or about 5%.

     At the present time, our primary source of cash for operations and
exploration is our current working capital, cash that can be raised by selling
shares held for investment or our investment in U.S. government sovereign agency
securities and other corporate bonds and funds derived from our oil and gas
operations. We have in the past, and plan in the future, to rely on joint
venture partners or equity funding to supply some of the funds needed to
evaluate and develop our properties. Any inability we may have to raise
additional capital through a stock offering, to liquidate our securities
holdings or obtain third party funding may limit development of most of our
properties.

RESULTS OF OPERATIONS

Three months ended December 31, 2005 compared to December 31, 2004

     Due to an increase in the average sales price received for our gas and an
increase in production volumes, revenue from our gas and pipeline sales
increased for the three months ended December 31, 2005 when compared to the same
period in 2004. Gas production increased 10% from 21,800 MCF to 23,900 MCF due
to the addition of two new gas wells in Kansas, and the price received for our
natural gas increased from an average of $4.53 per MCF for the three months
ended December 31, 2004 compared to an average of $8.29 per MCF for the three
months ended December 31, 2005, a 83% increase. Gas sales increased 89%, or
$93,494, from $104,754 to $198,248. Pipeline sales were $42,143 for the three
months ended December 31, 2005 and $38,373 for the three months ended December
31, 2004, an increase of $3,770, or 10%.

Interest and other revenue of $12,259 for the three months ended December 31,
2005 increased from $8,243 for the three months ended December 31, 2004
primarily due to an increase in cash from sale of assets in the previous year.
Oil and gas and pipeline operating costs increased $15,255, or 32% from $47,371
to $62,626 when comparing the three months ended December 31, 2005 to December
31, 2004. The increase is due to the addition of two producing wells and start
up costs incurred in our new pipeline addition.

     General and administrative expenses totaled $69,645 for the three months
ended December 31, 2005, compared to $71,851 for the three-month period ended
December 31, 2004. The decrease of $2,206, or 3%, in general and administrative
costs was primarily due to decreased legal expenses.

                                       14
<PAGE>



Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS (CONTINUED)

CONTRACTUAL OBLIGATIONS

     We have no contractual obligations as of December 31, 2005.

     We lease our corporate offices in Denver, Colorado on a month-to-month
basis. Yearly payments under the lease are $12,456.

     We have an operating lease on a gas compressor that we use in our pipeline
operation. The lease is renewable on a month-to-month basis at a rate of $2,489
per month or $29,868 per year.

     We also lease a compressor site from a third party. We can cancel the lease
upon thirty days written notice. The lease payment for the calendar year 2006 is
$10,000 and was paid in January 2006. If we elect to continue the lease in 2007,
the lease payment for that year will be $10,000.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

     We believe the following critical accounting policies affect our more
significant judgments and estimates used in the preparation of our Consolidated
Financial Statements.

Reserve Estimates:

     Our estimates of oil and natural gas reserves, by necessity, are
projections based on geological and engineering data, and there are
uncertainties inherent in the interpretation of such data as well as the
projection of future rates of production and the timing of development
expenditures. Reserve engineering is a subjective process of estimating
underground accumulations of oil and natural gas that are difficult to measure.
The accuracy of any reserve estimate is a function of the quality of available
data, engineering and geological interpretation and judgment. Estimates of
economically recoverable oil and natural gas reserves and future net cash flows
necessarily depend upon a number of variable factors and assumptions, such as
historical production from the area compared with production from other
producing areas, the assumed effects of regulations by governmental agencies and
assumptions governing future oil and natural gas prices, future operating costs,
severance and excise taxes, development costs and workover and remedial costs,
all of which may in fact vary considerably from actual results. For these
reasons, estimates of the economically recoverable quantities of oil and natural
gas attributable to any particular group of properties, classifications of such
reserves based on risk of recovery, and estimates of the future net cash flows
expected there from may vary substantially. Any significant variance in the
assumptions could materially affect the estimated quantity and value of the
reserves, which could affect the carrying value of our oil and gas properties
and/or the rate of depletion of the oil and gas properties. Actual production,
revenues and expenditures with respect our reserves will likely vary from
estimates, and such variances may be material.

                                       15
<PAGE>



Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS (CONTINUED)

         Many factors will affect actual net cash flows, including:

         o   The amount and timing of actual production;
         o   Supply and demand for natural gas;
         o   Curtailments or increases in consumption by natural gas purchasers;
             and
         o  Changes in governmental regulations or taxation.

Property, Equipment and Depreciation:

     We follow the successful efforts method of accounting for oil and gas
properties. Under this method all productive costs incurred in connection with
the exploration for and development of oil and gas reserves are capitalized.
Such capitalized costs include lease acquisition, geological and geophysical
work, delay rentals, drilling, completing and equipping oil and gas wells,
including salaries, benefits and other internal salary related costs directly
attributable to these activities. Costs associated with production and general
corporate activities are expensed in the period incurred. Interest costs related
to unproved properties and properties under development are also capitalized to
oil and gas properties. If the net investment in oil and gas properties exceeds
an amount equal to the sum of (1) the standardized measure of discounted future
net cash flows from proved reserves, and (2) the lower of cost or fair market
value of properties in process of development and unexplored acreage, the excess
is charged to expense as additional depletion. Normal dispositions of oil and
gas properties are accounted for as adjustments of capitalized costs, with no
gain or loss recognized.

ITEM 3.  CONTROLS AND PROCEDURES

     Our management evaluated, with the participation of our chief executive and
financial officer, the effectiveness of our disclosure controls and procedures
as of the end of the period covered by this report. Based on that evaluation,
the chief executive and financial officer concluded that our disclosure controls
and procedures are effective to ensure that information required to be disclosed
by us in the reports that we file or submit under the Securities Exchange Act of
1934 is recorded, processed, summarized and reported within the time periods
specified in the Securities and Exchange Commission's rules and forms.

     There were no changes in our internal control over financial reporting that
occurred during our last fiscal quarter that have materially affected, or are
reasonably likely to materially affect, our internal control over financial
reporting.

     We have held preliminary discussions with our independent accountants with
respect to our future compliance with Section 404 of the Sarbanes-Oxley Act of
2002. We understand the Securities and Exchange Commission is considering
certain relief measures for small business issuers. In the meantime, we intend
to continue our discussions with our independent accountants to determine
whether we have, and wish to devote, the management and financial resources
required to comply with the referenced Section 404. If not, we may elect to
suspend our reporting obligations under the Securities Exchange Act of 1934.

                                       16
<PAGE>



                     MONUMENT RESOURCES, INC. AND SUBSIDIARY

                          PART II -- OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

                  N/A

ITEM 2. UNREGISTERED SALES OF SECURITIES AND USE OF PROCEEDS.

                  N/A

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

                  N/A

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

                  N/A

ITEM 5. OTHER INFORMATION.

                  N/A

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

(a)     Exhibit 31.1  --    Certification  of Chief Executive and Financial
                            Officer under Section 302 of the  Sarbanes-Oxley
                            Act of 2002

        Exhibit 32.1  --    Certification of the Chief Executive and Financial
                            Officer under Section 906 of the Sarbanes-Oxley Act
                            of 2002.

(b) Reports on Form 8-K. None.

                                       17
<PAGE>





                                   SIGNATURES

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

                                     MONUMENT RESOURCES, INC.
                                     (Registrant)


Date:  February 9, 2006              By:  /s/ A.G. Foust
                                        ---------------------------------------
                                        A.G. Foust, President
                                        (Chief Executive Officer, Principal
                                        Financial and Accounting Officer) and
                                        a Director


                                       18
<PAGE>



                                            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.

                                       19