| [ 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)  |                                      |

----

|                                                   |   |                                                                                                                         | Page      Number |   |
|--------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------|------------------|--------|
|           |   |                                                                                                                         |
|  PART I.                                     |   |  FINANCIAL      INFORMATION                                                                                             |             |   |
|                                                   |   |                                                                                                                         |             |   |
| Item      1.                                           |   | Condensed      Consolidated Balance Sheets as of March 31, 2008 and September 30,      2007.                                 | 2-3              |   |
|                                                   |   |                                                                                                                         |             |   |
|                                                   |   | Condensed      Consolidated Statements of Operations for the Three Months and Six Months      ended March 31, 2008 and 2007. | 4                |   |
|                                                   |   |                                                                                                                         |             |   |
|                                                   |   | Condensed      Consolidated Statements of Cash Flowsfor the Six Months ended March 31,      2008 and 2007.                   | 5                |   |
|                                                   |   |                                                                                                                         |             |   |
|                                                   |   | Notes      to Condensed Consolidated Financial Statements                                                                    | 6                |   |
|                                                   |   |                                                                                                                         |             |   |
| Item      2.                                           |   | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations                   | 14               |   |
|                                                   |   |                                                                                                                         |             |   |
| Item      3.                                           |   | Controls      and Procedures                                                                                                 | 17               |   |
|                                                   |   |                                                                                                                         |             |   |
|                     |   |                                                                                                                         |
|  PART II.                                    |   |  OTHER INFORMATION                                                                                                      |             |   |
|                                                   |   |                                                                                                                         |             |   |
| Item      1.                                           |   | Legal      Proceedings                                                                                                       | 18               |   |
|                                                   |   |                                                                                                                         |             |   |
| Item      2.                                           |   | Unregistered      Sales of Equity Securities and Use of Proceeds                                                             | 18               |   |
|                                                   |   |                                                                                                                         |             |   |
| Item      3.                                           |   | Defaults      Upon Senior Securities                                                                                         | 18               |   |
|                                                   |   |                                                                                                                         |             |   |
| Item      4.                                           |   | Submission      of Matters to a Vote of Security Holders                                                                     | 18               |   |
|                                                   |   |                                                                                                                         |             |   |
| Item      5.                                           |   | Other      Information                                                                                                       | 18               |   |
|                                                   |   |                                                                                                                         |             |   |
| Item      6.                                           |   | Exhibits                                                                                                                     | 18               |   |
|                                                   |   |                                                                                                                         |             |   |
|                                                   |   | Signatures                                                                                                                   | 19               |   |
|                                                   |   |                                                                                                                         |             |   |
|                                                   |   | Exhibit      Index                                                                                                           | 20               |   |

----

|                                                                     |   |   | March 31, |      |   | September      30, |   |
|--------------------------------------------------------------------------|--------|--------|----------------|-----------|--------|--------------------|--------|
|                                                                     |   |   | 2008           |      |   | 2007               |   |
| ASSETS                                                                   |   |   | (Unaudited)    |      |   |               |   |
|                                                                     |   |   |           |      |   |               |   |
| Current      assets                                                      |   |   |           |      |   |               |   |
|     Cash      and cash equivalents                   |        |   | $              | 865,888   |   |               | $      | 213,808 |   |
|     Marketable      securities, available-for-sale   |        |   |           | 204,361   |   |               |   | 394,725 |   |
|     Accounts      receivable                         |        |   |           | 51,730    |   |               |   | 32,316 |   |
|     Prepaid      expenses and other assets           |        |   |           | 6,294     |   |               |   | 17,293 |   |
|                                                                     |   |   |           |      |   |               |   |   |   |
| Total      current assets                                                |   |   |           | 1,128,273 |   |               |   | 658,142 |   |
|                                                                     |   |   |           |      |   |               |   |   |   |
| Proved      and unproved oil and gas                                     |   |   |           |      |   |               |   |   |   |
|     properties,      successful efforts method,      |   |   |           |      |   |               |   |   |   |
|     net of      accumulated depletion                |   |   |           | 642,040   |   |               |   | 653,790 |   |
|                                                                     |   |   |           |      |   |               |   |   |   |
| Property      and equipment:                                             |   |   |           |      |   |               |   |   |   |
|     Gas      pipeline, net of                        |        |   |           |      |   |               |   |   |   |
|              accumulated depreciation |        |   |           | 212,870   |   |               |   | 225,799 |   |
|     Property and      equipment, net of              |        |   |           |      |   |               |   |   |   |
|              accumulated depreciation |        |   |           | 372,635   |   |               |   | 317,945 |   |
|                                                                     |   |   |           |      |   |               |   |   |   |
| Net      property, equipment and pipeline                                |   |   |           | 585,505   |   |               |   | 543,744 |   |
|                                                                     |   |   |           |      |   |               |   |   |   |
| Total      assets                                                        |   |   | $              | 2,355,818 |   |               | $      | 1,855,676 |   |

----

|                                                                                                                                                                                         |   | March      31, |       |   | September      30, |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|------------|--------|--------------------|--------|
|                                                                                                                                                                                         |   | 2008           |       |   | 2007               |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY                                                                                                                                              |   | (Unaudited)    |       |   |               |   |
|                                                                                                                                                                                         |   |           |       |   |               |   |
| Current      liabilities                                                                                                                                                                     |   |           |       |   |               |   |
|               Accounts      payable and accrued expenses                                                               |   | $              | 29,602     |   |               | $      | 36,866 |   |
|                                                                                                                                                                                         |   |           |       |   |               |   |   |   |
| Asset      retirement obligation                                                                                                                                                             |   |           | 113,185    |   |               |   | 113,185 |   |
| Total      liabilities                                                                                                                                                                       |   |           | 142,787    |   |               |   | 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; 7,719,000 and 5,319,000     shares      issued and outstanding, respectively |   |           | 3,890,518  |   |               |   | 3,290,518 |   |
| Accumulated      (deficit)                                                                                                                                                                   |   |           | (1,681,013 | )      |               |   | (1,578,784 | ) |
| Accumulated      other comprehensive (loss) income                                                                                                                                           |   |           | 3,526      |   |               |   | (6,109 | ) |
| Total      stockholders’ equity                                                                                                                                                        |   |           | 2,213,031  |   |               |   | 1,705,625 |   |
|                                                                                                                                                                                         |   |           |       |   |               |   |   |   |
| Total      liabilities and stockholders’ equity                                                                                                                                        |   | $              | 2,355,818  |   |               | $      | 1,855,676 |   |

----

|                                                                      |   | Three      Months |      |   | Six      Months |   |
|---------------------------------------------------------------------------|--------|-------------------|-----------|--------|-----------------|--------|
|                                                                 |   | Ended March 31,   |      |   | Ended March 31, |   |
|                                                                      |   | 2008              |      |   | 2007            |   |   | 2008 |   |   | 2007 |   |
| Revenue                                                                   |   |              |      |   |            |   |   |   |   |   |   |   |
| Oil and gas sales                                                         |   | $                 | 76,433    |   |            | $      | 19,934 |   |   | $ | 111,165 |   |   | $ | 86,431 |   |
| Pipeline income                                                           |   |              | 24,555    |   |            |   | 8,977 |   |   |   | 34,721 |   |   |   | 38,913 |   |
|                                                                      |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Total revenue                                                             |   |              | 100,988   |   |            |   | 28,911 |   |   |   | 145,886 |   |   |   | 125,344 |   |
|                                                                      |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                                                                  |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Oil and gas operating      expense                                        |   |              | 13,346    |   |            |   | 12,747 |   |   |   | 26,003 |   |   |   | 35,902 |   |
| Pipeline operating      expense                                           |   |              | 37,947    |   |            |   | 61,013 |   |   |   | 74,282 |   |   |   | 109,736 |   |
| General and      administrative                                           |   |              | 53,055    |   |            |   | 57,112 |   |   |   | 113,563 |   |   |   | 119,768 |   |
| Depletion, depreciation and      amortization                             |   |              | 24,778    |   |            |   | 24,877 |   |   |   | 48,286 |   |   |   | 42,965 |   |
|                                                                      |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Total operating      expenses                                             |   |              | 129,126   |   |            |   | 155,749 |   |   |   | 262,134 |   |   |   | 308,371 |   |
|                                                                      |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss) from operations                                    |   |              | (28,138   | )      |            |   | (126,838 | ) |   |   | (116,248 | ) |   |   | (183,027 | ) |
|                                                                      |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Other      income and (expense)                                           |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| (Loss) on sale of      securities                                         |   |              | -         |   |            |   | (226 | ) |   |   | - |   |   |   | (226 | ) |
| Interest income and      other                                            |   |              | 5,309     |   |            |   | 13,435 |   |   |   | 14,019 |   |   |   | 22,342 |   |
|                                                                      |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss)                                                    |   | $                 | (22,829   | )      |            | $      | (113,629 | ) |   | $ | (102,229 | ) |   | $ | (160,911 | ) |
|                                                                      |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Basic      and diluted (loss) income per common share                     |   | $                 | (.00      | )      |            | $      | (.02 | ) |   | $ | (.02 | ) |   | $ | (.02 | ) |
|                                                                      |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Basic      and dilutive weighted average number ofshares      outstanding |   |              | 6,031,088 |   |            |   | 5,319,000 |   |   |   | 5,673,098 |   |   |   | 5,319,000 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | Six Months Ended March 31, |     |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 2008                       |     |   | 2007 |   |
| Cash      flows from operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                       |     |   |   |   |
| Net      loss                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $                          | (102,229 | ) |   | $ | (160,911 | ) |
| Adjustment      to reconcile net loss to net                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                       |     |   |   |   |   |   |
|    cash      (used in) operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                       |     |   |   |   |   |   |
| Depreciation, depletion and      amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                       | 48,286   |   |   |   | 42,965 |   |
| Loss on sale of      securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                       | -        |   |   |   | 226 |   |
| Changes      in operating assets and liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                       |     |   |   |   |   |   |
| (Increase) decrease in prepaid      expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                       |     |   |   |   |   |   |
|      and      other assets                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                       | 10,999   |   |   |   | (20,826 | ) |
| (Increase) decrease in accounts      and                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                       |     |   |   |   |   |   |
|     other      receivables                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                       | (19,414  | ) |   |   | 31,560 |   |
| Decrease in accounts      payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                       |     |   |   |   |   |   |
|     and      accrued      expenses                                                                                                                                                                                                                             |   |                       | (7,264   | ) |   |   | (33,282 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                       |     |   |   |   |   |   |
| Net      cash flow (used in)      operations                                                                            |   |                       | (69,622  | ) |   |   | (140,268 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                       |     |   |   |   |   |   |
| Cash      flows from investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                       |     |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                       |     |   |   |   |   |   |
| Purchase      of      land                                                                                                                                                                                                       |   |                       | -        |   |   |   | (95,191 | ) |
| Additions      to equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                       | (78,297  | ) |   |   | (37,565 | ) |
| Additions      to oil and gas properties                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                       | -        |   |   |   | (9,590 | ) |
| Proceeds      from sale of investment securities                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                       | 199,999  |   |   |   | 19,675 |   |
| Purchase      of investment securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                       | -        |   |   |   | (200,000 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                       |     |   |   |   |   |   |
| Net      cash flows (used in) provided by investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                       | 121,702  |   |   |   | (322,671 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                       |     |   |   |   |   |   |
| Cash      flows from financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                       |     |   |   |   |   |   |
| Proceeds      from sale of common stock in private                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                       |     |   |   |   |   |   |
| placement      memorandum                                                                                                                                                                                                        |   |                       | 600,000  |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                       |     |   |   |   |   |   |
| Net      cash flow provided by financing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                       | 600,000  |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                       |     |   |   |   |   |   |
| Net      increase (decrease) in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                       | 652,080  |   |   |   | (462,939 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                       |     |   |   |   |   |   |
| Cash      and cash equivalents at beginning of      period                                                                                                                                                                                                                                                                                                                                                                     |   |                       | 213,808  |   |   |   | 719,188 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                       |     |   |   |   |   |   |
| Cash      and cash equivalents at end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                          | 865,888  |   |   | $ | 256,249 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                       |     |   |   |   |   |   |
| Schedule of Non-cash      Investing Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                       |     |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                       |     |   |   |   |   |   |
| Decrease      in unrealized loss                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                       |     |   |   |   |   |   |
| on securities available for      sale                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $                          | 9,635    |   |   | $ | 1,815 |   |

----

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| §   | 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                                                                                                                                                                                             |   |        |    |   |     |   |    |      |   |   |         |   |
| 2008                                                                                                                                                                                                 |   | $           | 111,165 |   |     | $      | 34,721  |      |   | $      | 14,019       |   |   | $ | 159,905 |   |
| 2007                                                                                                                                                                                                 |   |        | 86,431  |   |     |   | 38,913  |      |   |   | 22,117       |   |   |   | 147,461 |   |
|                                                                                                                                                                                                 |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| Net      Income (Loss)                                                                                                                                                                               |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| 2008                                                                                                                                                                                                 |   | $           | 65,372  |   |     | $      | (64,340 | )         |   | $      | (103,261     | )      |   | $ | (102,229 | ) |
| 2007                                                                                   |   |        | 26,294  |   |     |   | (89,203 | )         |   |   | (98,002      | )      |   |   | (160,911 | ) |
|                                                                                                                                                                                                 |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| Depreciation,      Depletion                                                                                                                                                                         |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| and      Valuation Charged                                                                                                                                                                           |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| to      Identifiable Assets                                                                                                                                                                          |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| 2008                                                                                                                                                                                                 |   | $           | 19,790  |   |     | $      | 24,779  |      |   | $      | 3,717        |   |   | $ | 48,286 |   |
| 2007                                                                                                                                                                                                 |   |        | 24,235  |   |     |   | 18,380  |      |   |   | 350          |   |   |   | 42,965 |   |
|                                                                                                                                                                                                 |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| Capital      Expenditures                                                                                                                                                                            |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |
| 2008                                                                                                                                                                                                 |   | $           | -       |   |     | $      | 78,297  |      |   | $      | -            |   |   | $ | 78,297 |   |
| 2007                                 |   |        | 16,816  |   |     |   | 125,286 |      |   |   | 244          |   |   |   | 142,346 |   |
|                                                                                                                                                                                                 |   |        |    |   |     |   |    |      |   |   |         |   |   |   |   |   |

| March 31, 2008    |   | $      | 812,431 |   |   | $      | 465,017 |   |   | $      | 1,078,370 |   |   | $      | 2,355,818 |   |
|-------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|-----------|--------|--------|--------|-----------|--------|
| September 30,2007 |   |   | 724,531 |   |   |   | 502,809 |   |   |   | 628,336   |   |   |   | 1,855,676 |   |

----

| Accumulated      other comprehensive income (loss) at September 30, 2007 |   | $      | (6,109 | )      |
|--------------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                     |   |   |   |   |
| Change      in unrealized gain on securities held for sale               |   |   | 9,635  |   |
|                                                                     |   |   |   |   |
| Accumulated      other comprehensive income (loss) at March 31, 2008     |   | $      | 3,526  |   |

| Accumulated      other comprehensive income (loss) at September 30, 2006 |   | $      | (10,577 | )      |
|--------------------------------------------------------------------------|--------|--------|---------|--------|
|                                                                     |   |   |    |   |
| Change      in unrealized gain on securities held for sale               |   |   | 1,815   |   |
|                                                                     |   |   |    |   |
| Accumulated      other comprehensive income (loss) at March 31, 2007     |   | $      | (8,762  | )      |

----

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| ITEM      1. | LEGAL      PROCEEDINGS.                                                                                                                                                                                                                                                                                                                                                |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                   |
|         | N/A                                                                                                                                                                                                                                                                                                                                                                    |
|         |                                                                                                                                                                                                                                                                                                                                                                   |
| ITEM      2. | UNREGISTERED      SALES OF EQUITY SECURITIES                                                                                                                                                                                                                                                                                                                           |
|         | AND      USE OF PROCEEDS.                                                                                                                                                                                                                                                                                                                                              |
|         |                                                                                                                                                                                                                                                                                                                                                                   |
|         | On      March 5, 2008, the Company sold 2,400,000 units consisting of one share of      common stock and warrants to purchase 2,400,000 additional shares as more      fully described in the Company’s Report on Form 8-K filed with the      Securities and Exchange Commission on March 6, 2008 and incorporated      herein by this reference.               |
|         |                                                                                                                                                                                                                                                                                                                                                                   |
| 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                                                                                                                                                                                                                                                                                                                                                               |
|         |                                                                                                                                                                                                                                                                                                                                                                   |
|         |             Exibit 31.1-- Certification of the 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. |

|   | . |
|--------|---|

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|                         | MONUMENT      RESOURCES, INC.                     (Registrant) |                                                                                                                   |
|------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------|
|                         |                                                                                                                                                                    |                                                                                                                   |   |
| Date:  May 1, 2008 | By:                                                                                                                                                                     | /s/ A.G. Foust                                                                                                    |   |
|                         |                                                                                                                                                                    | A.G. Foust, President(Chief      Executive Officer, PrincipalFinancial      and Accounting Officer) anda      Director |   |
|                         |                                                                                                                                                                    |                                                                                                                   |   |
|                         |                                                                                                                                                                    |                                                                                                                   |   |

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| 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.  |

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