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 June 30, 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
Incorporation or Organization)                               Identification No.)

           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
                                -----        -----

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 August 10, 2005.

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              2-3
               June 30, 2005 and September 30, 2004

               Condensed Consolidated Statements of Operations          4
               for the Three Months and Nine Months ended
               June 30, 2005 and 2004

               Condensed Consolidated Statements of Cash Flows          5
               for the Nine Months ended June 30, 2005 and 2004

               Notes to Condensed Consolidated Financial Statements     6

     Item 2.   Management's Discussion and Analysis of                  17
               Financial Condition and Results of Operations

     Item 3.   Controls and Procedures                                  20

PART II.       OTHER INFORMATION                                        22

               Signatures                                               23

               Exhibit Index                                            24
<PAGE>


Item 1. Financial Statements.

<TABLE>
<CAPTION>

                              MONUMENT RESOURCES, INC. AND SUBSIDIARY
                              CONDENSED CONSOLIDATED BALANCE SHEETS


                                                            June 30,               September 30,
                                                              2005                     2004
ASSETS                                                     (Unaudited)               (Audited)
------                                                     -----------               ---------

<S>                                                        <C>                       <C>
Current assets
         Cash and cash equivalents                         $  227,910                $   51,397
         Investment in securities, at market                  428,684                   478,481
         Accounts receivable                                   36,043                    28,268
         Stock subscription receivable                         20,000                      --
         Other receivables                                     27,000                      --
         Prepaid expenses and other assets                     44,525                    19,179
                                                           ----------                ----------

Total current assets                                          784,162                   577,325

Mineral property held for sale                                 28,706                    28,706
Proved and unproved oil and gas
         properties, successful efforts method
         net of accumulated depletion                         430,301                   442,015

Property and equipment:
         Gas pipeline, net of
           accumulated depreciation                           212,079                   157,793
         Property and equipment, net of
           accumulated depreciation                            98,995                   113,468
                                                           ----------                ----------

Net property and equipment                                    311,074                   271,261

Investments in securities, at market                             --                      20,021
                                                           ----------                ----------

Total assets                                               $1,554,243                $1,339,328
                                                           ==========                ==========




See Notes to Condensed Consolidated Financial Statements.

                                                 2
<PAGE>


Item 1.  Financial Statements. (Continued)


                          MONUMENT RESOURCES, INC. AND SUBSIDIARY
                           CONDENSED CONSOLIDATED BALANCE SHEETS


                                                             June 30,                  September 30,
                                                               2005                       2004
LIABILITIES AND STOCKHOLDERS' EQUITY                        (Unaudited)                 (Audited)
------------------------------------                        -----------                 ---------

Current liabilities
         Accounts payable and accrued expenses              $    25,783                $    21,843

Asset retirement obligation                                      27,569                     27,569
                                                            -----------                -----------

Total liabilities                                                53,352                     49,412

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 June 30, 2005 and
         4,569,000 issued and outstanding on
         September 30, 2004                                   3,290,518                  3,148,018
Accumulated deficit                                          (1,793,607)                (1,874,149)
Unrealized gain on investment in securities                       3,980                     16,047
                                                            -----------                -----------

Total stockholders' equity                                    1,500,891                  1,289,916
                                                            -----------                -----------

Total liabilities and stockholders' equity                  $ 1,554,243                $ 1,339,328
                                                            ===========                ===========





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                      Nine Months
                                                                     Ended June 30,                   Ended June 30,
                                                                     -------------                    -------------
                                                                  2005            2004             2005             2004
                                                                  ----            ----             ----             ----
Revenue
         Oil and gas sales                                   $    94,268      $    86,103       $   302,498      $   258,187
         Pipeline income                                          31,529           37,221           111,425          127,902
         Interest and other                                        7,748            5,673            18,550           21,449
         Gain (loss) on sale of assets                            47,913           (1,100)           47,788              175
                                                             ----------------------------       ----------------------------

                  Total                                          181,458          127,897           480,261          407,713
                                                             ----------------------------       ----------------------------

Expenses
         Oil and gas operating expense                            11,840           16,073            41,466           40,790
         Pipeline operating expense                               55,955           37,837           139,190          116,074
         General and administrative                               63,506           51,966           176,384          159,892
         Depletion, depreciation and amortization                 14,143            9,475            42,677           28,925
                                                             ----------------------------       ----------------------------

                  Total                                          145,444          115,351           399,717          345,681
                                                             ----------------------------       ----------------------------


Net income                                                   $    36,014      $    12,546       $    80,544      $    62,032
                                                             ============================       ============================
Basic income per common share                                $       .01      $      --         $       .02      $       .01
                                                             ============================       ============================
Diluted income per common share                              $       .01      $      --         $       .02      $       .01
                                                             ============================       ============================
Weighted average number of shares outstanding                  4,827,242        4,569,000         4,655,080        4,569,000
                                                             ============================       ============================

Diluted weighted average number of shares outstanding          4,827,242        4,887,182         4,655,080        4,887,182
                                                             ============================       ============================




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)

                                                                          Nine Months Ended June 30,
                                                                          --------------------------
                                                                         2005                   2004
                                                                         ----                   ----
Cash flows from operating activities:
Net income                                                            $  93,544              $  62,032
Adjustment to reconcile net income to net
   cash provided by operating activities:
         Depreciation, depletion and amortization                        42,677                 28,925
         Gain on sale of property and
            investment securities                                       (47,788)                  (175)
         Change in deferred tax asset                                   (13,000)                  --
Changes in operating assets and liabilities:
         Decrease in prepaid expenses and other assets                  (25,346)                13,395
         (Increase) in accounts and other receivables                   (34,775)               (19,329)
         Increase (decrease) in accounts payable
         and accrued expenses                                             3,940                (32,793)
                                                                      ---------              ---------

Net cash flow provided by operations                                     19,252                 52,055
                                                                      ---------              ---------

Cash flows from investing activities:

Proceeds from sale of investment securities                              55,223                162,258
Additions to oil and gas properties                                      (2,109)               (99,360)
Additions to pipeline                                                   (68,669)               (77,237)
Proceeds from sale of property and
   Investment securities                                                 50,316                   --
Purchase of investment securities                                          --                 (100,000)
                                                                      ---------              ---------

Net cash flows provided (used) by
   investing activities                                                  34,761               (114,339)
                                                                      ---------              ---------

Cash flows from financing activities:
  Proceeds from sale of common stock                                    122,500                   --
                                                                      ---------              ---------

Net increase (decrease) in cash                                         176,513                (62,284)

Cash and cash equivalents at beginning of period                         51,397                124,099
                                                                      ---------              ---------

Cash and cash equivalents at end of period                            $ 227,910              $  61,815
                                                                      =========              =========

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

Decrease) in unrealized gain
         on securities available for sale                             $ (12,067)             $ (17,011)
                                                                      =========              =========

Receivable from exercise of stock options                             $  20,000              $    --
                                                                      =========              =========



See Notes to Condensed Consolidated Financial Statements

                                                      5
</TABLE>

<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 oil and gas properties. Our mineral property is in
Montana. Our oil and gas properties are in Leavenworth County, Kansas and
Kimball County, Nebraska. We also operate a gas pipeline in conjunction with our
Leavenworth gas wells.

     At a shareholders meeting held on June 30, 2005, the shareholders approved
a plan to liquidate our oil and gas and other assets and liquidate the Company
through a liquidating dividend. To this end, a number of our properties have
been liquidated for cash and our principal asset, the Leavenworth County, Kansas
gas project has been contracted for sale to an unrelated third party for
$1,800,000 of which $300,000 was received subsequent to the end of the quarter
ending June 30, 2005. (See Note 8) However, there is no assurance that the
transaction will be completed as planned.

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, 2004.

     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 any documents incorporated herein
by reference, as well as our Annual Report on Form 10-KSB for the year ended
September 30, 2004.

CONSOLIDATION

     The accompanying condensed consolidated financial statements include the
accounts of the 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)


NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)

REVENUE RECOGNITION

     The Company recognizes its share of sales of oil and gas production, net of
transportation fees (pipeline income), at the time of delivery of the product to
the purchaser.

     Pipeline income is earned from the transportation of gas from the wellhead
to the purchaser. Pipeline income is contractually determined and is 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 nine
months ended:
<TABLE>
<CAPTION>

                                                                            June 30,
                                       --------------------------------------------------------------------------------------
                                                        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                 $  80,544       4,655,080       $     .02      $  62,032       4,569,000       $   .01

Dilutive securities:
     Stock options                                          --                                          318,182
                                       ---------       ---------       ---------       ---------       --------       -------

Diluted earnings per share:
     Net income and
      assumed share conversion         $  80,544       4,655,080       $     .02       $  62,032       4,887,182       $   .01
                                       =========       =========       =========       =========       =========       =======
</TABLE>

                                                            7

<PAGE>


Item 1.   Financial Statements. (Continued)


NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)

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.

OIL AND GAS PROPERTIES

     We follow the successful efforts method of accounting for oil and gas
activities. Under this accounting 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 are 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 nine month period ended
June 30, 2005 since taxable income will be offset by net operating loss
carryforwards. We had approximately $1,732,935 of such carryforwards at
September 30, 2004.

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.

                                       8

<PAGE>


Item 1.   Financial Statements. (Continued)


NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)

COMPREHENSIVE INCOME

     We have adopted SFAS No. 130, "Reporting Comprehensive Income", which
establishes standards for reporting of 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.

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 No. 148, "Accounting for Stock-Based Compensation -
Transition and Disclosure - an amendment of SFAS No. 123". SFAS No. 148 amends
Statement of Financial Accounting Standards No. 123, "Accounting for Stock-Based
Compensation" (SFAS No. 123) 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. We
will continue to account for stock based compensation using the methods detailed
in the stock-based compensation accounting policy.

NEW ACCOUNTING PRONOUNCEMENTS

FASB 151 - Inventory Costs

     In November 2004, the Financial Accounting Standards Board ("FASB") issued
SFAS 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 No. 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 is effective for financial statements for fiscal years beginning

                                       9
<PAGE>


Item 1.   Financial Statements. (Continued)


NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)

NEW ACCOUNTING PRONOUNCEMENTS (CONTINUED)

FASB 151 - Inventory Costs (continued)

after June 15, 2005. Earlier application is permitted for inventory costs
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 once adopted.

FASB 152 - Accounting for Real Estate Time-Sharing Transactions

     In December 2004, the FASB issued SFAS No. 152, which amends SFAS No. 66,
Accounting for Sales of Real Estate, to reference the financial accounting and
reporting guidance for real estate time-sharing transactions that is provided in
AICPA Statement of Position (SOP) 04-2, Accounting for Real Estate Time-Sharing
Transactions. This Statement also amends SFAS No. 67, Accounting for Costs and
Initial Rental Operations of Real Estate Projects, to state that the guidance
for (a) incidental operations and (b) costs incurred to sell real estate
projects does not apply to real-estate time-sharing transactions. The accounting
for those operations and costs is subject to the guidance in SOP 04-2. This
Statement is effective for financial statements for fiscal years beginning after
June 15, 2005. Management believes this Statement will have no impact on our
financial statements once adopted.

FASB 153 - Exchanges of Non-monetary Assets

     In December 2004, the FASB issued SFAS 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 No. 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 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 once adopted.

                                       10
<PAGE>


Item 1. Financial Statements. (Continued)


NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)

NEW ACCOUNTING PRONOUNCEMENTS (CONTINUED)

FASB 154 -Accounting for Changes and Error Corrections

     In May 2005, the FASB issued FASB Statement 154. This Statement replaces
APB Opinion No. 20, Accounting Changes, and FASB Statement No. 3, Reporting
Accounting Changes in Interim Financial Statements, and changes the requirements
for the accounting for and reporting of a change in accounting principle. This
Statement applies to all voluntary changes in accounting principle. It also
applies to changes required by an accounting pronouncement in the unusual
instance that the pronouncement does not include specific transition provisions.
When a pronouncement includes specific transition provisions, those provisions
should be followed. Management believes this Statement will have no impact on
our financial statements once adopted.

FASB 123 R (revised 2004) - Share-Based Payments

     In December 2004, the FASB issued a revision to SFAS 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 No. 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.

                                       11

<PAGE>


Item 1.      Financial Statements. (Continued)


NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)

NEW ACCOUNTING PRONOUNCEMENTS (CONTINUED)

FASB 123 R (revised 2004) - Share-Based Payments (continued)

     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.

     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 of this Statement for the Company is the first
     interim reporting period after the Company's year end or the period ending
December 31, 2005, unless such deadline is extended by the SEC. Management
intends to comply with this Statement at the scheduled effective date for our
relevant financial statements and does not believe the adoption of the Statement
will have a material impact on the Company's financial statements.

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).

                                       12

<PAGE>


Item 1.   Financial Statements. (Continued)


NOTE 3 -- STOCK OPTIONS

         The following schedule summarizes information with respect to options
granted under our equity plans:
                                             Number            Weighted Average
                                              of               Exercise Price of
                                             Shares           Shares Under Plans
                                             ------           ------------------

Outstanding September 30, 2004               750,000              $   .19
                                                                  =======
Granted                                         --
Exercised                                   (750,000)             $   .19
                                                                  =======
Forfeited or expensed                           --
                                             -------
Outstanding June 30, 2005                       -0-
                                             =======

NOTE 4 -- 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 the sale of minerals and
precious metals and from time to time from 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 securities. Our pipeline
segment derives revenue from the sale of natural gas from our gas fields in
Leavenworth County, Kansas.

     During the nine months ended June 30, 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 totaled $319,041, or approximately 66% of our
revenues for the nine months ended June 30, 2005.

     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 the last annual report,
however, on June 30, 2005, the shareholders approved a plan to liquidate the
Company (See Note 8).

                                       13
<PAGE>


Item 1.  Financial Statements. (Continued)


NOTE 4 -- SEGMENT INFORMATION (CONTINUED)

Segment information for the nine months ended June 30, 2005 and 2004 is as
follows:
<TABLE>
<CAPTION>

                            Oil and Gas        Pipeline       Mining       Corporate        Consolidated
                            -----------        --------       ------       ---------        ------------
Revenues
<S>  <C>                     <C>              <C>           <C>           <C>                <C>
     2005                    $ 302,498        $ 111,425     $     --      $    66,338        $   480,261
     2004                      258,187          127,902           --           21,624            407,713

Income (Loss)
     2005                    $ 238,821        $ (47,043)    $     --      $  (111,234)       $   80,544
     2004                      202,197            3,578           --         (143,743)           62,032

Identifiable Assets
     2005                    $ 512,514        $ 303,254     $   28,706    $   709,769        $1,554,243
     2004                      418,903          317,398         33,706        590,797         1,360,804

Depreciation, Depletion
and Valuation Charged
to Identifiable Assets
     2005                   $   22,211        $  19,278      $    --      $     1,188        $    42,677
     2004                       15,200            8,250           --            5,475             28,925

Capital Expenditures
     2005                   $    2,109        $  68,669      $    --      $      --          $    70,778
     2004                       99,360           77,237           --             --              176,597
</TABLE>

NOTE 5 -- OIL AND GAS ACTIVITIES

KANSAS GAS PROJECT -- LEAVENWORTH COUNTY, KANSAS

     During the quarter ended December 31, 2002, we acquired five gas wells near
our pipeline system. Construction of from three to six miles of new pipeline
will be required to connect the new wells. Construction of the pipeline began in
April 2005 but was delayed due to right-of-way issues.

     During the quarter ended June 30, 2005, we continued to acquire the
right-of-ways needed to construct part of the above pipeline and the pipeline
should be completed during the quarter ending September 30, 2005. We also
purchased at a cost of $22,929 nearly 14,000 feet of gas pipe necessary to
complete the connection of two new gas wells.

GALVAN RANCH PROPERTY- WEBB COUNTY, TEXAS

     During the quarter ended June 30, 2005 we sold our 2% overriding royalty
interests in the property to a third party for $27,000. The sale was effective
June 1, 2005. This sale is consistent with our plans to liquidate the Company
through a liquidating dividend.

                                       14
<PAGE>


Item 1.  Financial Statements. (Continued)


NOTE 6 -- MINERAL ACTIVITIES

DOBLER GOLD MINE PROSPECT -- BROADWAY COUNTY, MONTANA

     Since July 19, 2002, we have received non-refundable payments from Montana
Mining Corp. totaling $25,000 in accordance with the sales contract with Montana
Mining Corp. During January 2005, we were notified by Montana Mining Corp. that
it was not going to exercise its option to acquire the Dobler prospect for a
payment of $200,000. Our current plan is to sell the property as real estate for
significantly more than our cost basis of $28,706.

NOTE 7 -- COMPREHENSIVE INCOME

     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 Condensed Consolidated
Balance Sheet. The table below details the changes during the three and nine
months ended June 30, 2005 and 2004, in our Accumulated Other Comprehensive
Income balance and the components of our comprehensive income.


Three months ended June 30, 2005
--------------------------------
Accumulated other comprehensive income at March 31, 2005               $ 32,828

Change in unrealized gain on securities available for sale              (28,848)

                                                                       --------
Accumulated other comprehensive income at June 30, 2005                $  3,980
                                                                       ========

Three months ended June 30, 2004
--------------------------------
Accumulated other comprehensive income at March 31, 2004               $ 20,857

Change in unrealized gain on securities available for sale              (14,117)

                                                                       --------
Accumulated other comprehensive income at June 30, 2004                $  6,740
                                                                       ========

Nine months ended June 30, 2005
-------------------------------
Accumulated other comprehensive income at September 30, 2004           $ 16,047

Change in unrealized gain on securities available for sale              (12,067)

                                                                       --------
Accumulated other comprehensive income at June 30, 2005                $  3,980
                                                                       ========

Nine months ended June 30, 2004
-------------------------------
Accumulated other comprehensive income at September 30, 2003           $ 23,751

Change in unrealized gain on securities available for sale              (17,011)

                                                                       --------
Accumulated other comprehensive income at June 30, 2004                $  6,740
                                                                       ========

                                       15

<PAGE>


Item 1.  Financial Statements. (Continued)


NOTE 8 - CONTINGENT TRANSACTION

     On May 10, 2005, we entered into a Purchase and Sale Agreement
("Agreement") to sell our Leavenworth County, Kansas assets to an unaffiliated
party. Under the agreement, we agreed to sell and purchaser agreed to purchase
all of our right, title and interests to its producing gas properties located in
the state of Kansas along with its related gas, pipeline and other operating
equipment. The purchase price for the assets was $1,775,000 plus reimbursements
for certain capital expenditures and closing adjustments, payable in cash at
closing. Our shareholders approved the sale at a June 30, 2005 shareholders
meeting. The sale was scheduled to close on or before July 31, 2005, however, on
July 22, 2005 the purchaser requested an extension of the closing until
September 2005.

     On August 2, 2005, we agreed to extend the closing to not later than
September 21, 2005 and an Amended Purchase and Sale Agreement was executed by
the parties. Under the Agreement, the purchaser paid us $300,000 on August 3,
2005. This amount is applicable against the revised purchase price of
$1,800,000. The balance of the purchase price is payable by the purchaser on or
before September 21, 2005. If the purchaser fails to close on or before that
date, the $300,000 heretofore received by us will be retained as liquidated
damages and the Agreement will be terminated with no further rights or duties of
the parties. However, there are no assurances that the transaction will be
completed as planned.

NOTE 9 - SUBSEQUENT EVENTS

1). Stock Options

     As of June 30, 2005, all of our outstanding stock options were exercised
and payment was made to us, except for a $20,000 receivable from one employee.
On July 19, 2005, we received the $20,000 payment from the employee to satisfy
the outstanding receivable.

2).      Canadian Stock Investment Sales

     During the quarter ended June 30, 2005, we began liquidating our Canadian
stock investments. As of July 19, 2005, our entire Canadian stock position was
sold and we received proceeds of approximately $37,000 resulting in a gain of
approximately $34,500.

                                       16
<PAGE>


Item 2.  Financial Statements.


                     MONUMENT RESOURCES, INC. AND SUBSIDIARY
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

LIQUIDITY AND CAPITAL RESOURCES

     At June 30, 2005, our current assets were $797,162 and current liabilities
were $25,783 and we had positive working capital of $771,379 compared to current
assets of $577,325 at September 30, 2004 and current liabilities of $21,843 at
September 30, 2004, resulting in working capital at September 30, 2004 of
$555,482. Our working capital increased $215,897, or 39%. This increase is due
to 1) the exercise of stock options totaling $142,500, 2) the sale of our Texas
oil and gas royalties for $27,000, and 3) the sale of our Canadian stock
investments for a gain of approximately $34,500.

     At the present time, our primary source of cash for operations and
exploration is our current working capital, including $118,140 of cash held in a
demand deposit account, 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, with a market value of $428,684 at June 30, 2005, and
funds derived from our oil and gas operations.

RESULTS OF OPERATIONS

Nine Months Ended June 30, 2005
-------------------------------

     Due to an increase in the average sales price received for our gas and
despite a decline in production volumes, revenue from our oil, gas and pipeline
sales increased for the nine months ended June 30, 2005 when compared to the
same period in 2004. While our oil and gas production decreased 14%, the price
received for our natural gas increased 9% from an average of $4.07 per MCF for
the nine months ended June 30, 2004 compared to an average of $4.45 per MCF for
the nine months ended June 30, 2005. Oil and gas sales increased 17%, or
$44,311, from $258,187 to $302,498. In addition, pipeline sales decreased
$16,477, or 13% to $111,425 for the nine months ended June 30, 2005 from
$127,902 for the nine months ended June 30, 2004. Pipeline sales are generated
on a contractual price and are therefore, more susceptible to production
decreases.

     Oil and gas and pipeline operating costs increased $23,772 for the nine
months ended June 30, 2005 when compared to June 30, 2004 primarily due to
increased fuel cost, water disposal fees and expensing of a bonus to field
personnel.

     Interest and other revenue of $18,550 for the nine months ended June 30,
2005 decreased from $21,449 for the nine months ended June 30, 2004 primarily
due to a decrease in yield on bonds currently held when compared to the yield
received from bonds that matured in fiscal 2004.

                                       17

<PAGE>


Item 2.  Financial Statements (Continued).


RESULTS OF OPERATIONS (CONTINUED)

Nine Months Ended June 30, 2005 (continued)
-------------------------------------------

     Gain on sale of assets totaled $47,788 for the nine months ended June 30,
2005 compared to $175 for the nine months ended June 30, 2004. The gain is
composed of the following items; gain on the sale of stock held for
investment $22,527, gain on the sale of our Texas overriding royalties $25,386
and a loss of $125 on the sale of a bond from our investment portfolio.

     General and administrative expenses totaled $176,384 for the nine months
ended June 30, 2005 compared to $159,892 for the nine-month period ended June
30, 2004. The increase of $16,492 in general and administrative costs was
primarily due to an increase in legal and accounting expenses due to the
preparation of a Purchase and Sale Agreement, proxy material and the special
meeting of our shareholders held on June 30, 2005. See Note 8 above.

Three months ended June 30, 2005
--------------------------------

     Due to an increase in the average sales price received for our gas and
despite a decline in production volumes, revenue from our oil, gas and pipeline
sales increased for the three months ended June 30, 2005 when compared to the
same period in 2004. While our oil and gas production decreased, the price
received for our natural gas increased 14% from an average of $4.69 per MCF for
the three months ended June 30, 2004 compared to an average of $5.36 per MCF for
the three months ended June 30, 2005. Oil and gas sales increased $8,165, from
$86,103 to $94,268. In addition, pipeline sales decreased $5,692, or 15% to
$31,529 for the three months ended June 30, 2005 from $37,221 for the three
months ended June 30, 2004. Pipeline sales are generated on a contractual price
and are therefore more susceptible to production decreases.

     Oil and gas costs decreased $4,233, or 26%, while pipeline operating costs
increased $18,118, or 48%, respectively, primarily due to salary and fuel
increases when comparing the three months ended June 30, 2005 to June 30, 2004
and for allocation a greater percentage of costs to the pipeline rather than to
the Kansas gas wells.

     Interest and other revenue of $7,748 for the three months ended June 30,
2005 increased from $5,673 for the three months ended June 30, 2004 primarily
due to holding larger cash balances in interest bearing accounts when compared
to the prior three month period.

     General and administrative expenses totaled $63,506 for the three months
ended June 30, 2005, compared to $51,966 for the three-month period ended June
30, 2004. The increase of $11,540, or 22%, in general and administrative costs
was primarily due to an increase in legal and accounting expenses associated
with the preparation of a Purchase and Sale Agreement, proxy material and the
special meeting of our shareholders held on June 30, 2005.

                                       18
<PAGE>


Item 2.  Financial Statements. (Continued)


CONTRACTUAL OBLIGATIONS

     We have no long-term contractual obligations as of June 30, 2005.

     We lease our corporate offices in Denver, Colorado under the terms of an
operating lease, which expired on December 31, 2004. We are currently leasing
the office space 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 $2,073
per month or $24,876 per year.

     We also lease a compressor site from a third party. We can cancel the lease
upon thirty - day written notice. The lease payment for the calendar year 2005
is $9,000 and was paid in January 2005. If we elect to continue the lease in
2006, 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 Condensed
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 costs. 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 to our reserves will likely vary from
estimates, and such variances may be material.

                                       19
<PAGE>


Item 2.  Financial Statements. (Continued)


CRITICAL ACCOUNTING POLICIES AND ESTIMATES (CONTINUED)

Reserve Estimates (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.

                                       20
<PAGE>


Item 2.  Financial Statements. (Continued)


CRITICAL ACCOUNTING POLICIES AND ESTIMATES (CONTINUED)

ITEM 3.  CONTROLS AND PROCEDURES (CONTINUED)

     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
because we have fewer than 300 shareholders.

     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.

                                       21


<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.

          On June 30, 2005, a special meeting of our shareholders was
          convened to consider and act upon a proposal to sell our
          producing Kansas gas properties and transmission pipeline, our
          principal asset. Shareholders approved this proposal by a vote
          of 3,763,577 shares voting in favor and -0- shares voting
          against. Another proposal to conditionally dissolve Monument
          at the board of directors' discretion was also approved by a
          vote of 3,743,577 shares voting in favor and 20,000 shares
          voting against.

ITEM 5.   OTHER INFORMATION.

          N/A

ITEM 6.   EXHIBITS.

          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.

                                       22

<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:  August 10, 2005              By: /s/  A.G. Foust
                                       -----------------------------------------
                                        A.G. Foust, President
                                        (Chief Executive Officer, Principal
                                        Financial and Accounting Officer) and
                                        a Director

                                       23

<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.

                                       24
<PAGE>