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

|   | For      the quarterly period ended March 31,2009 |
|--------|---------------------------------------------------|

| [    ] | 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 |
|--------|--------------------------------------------------------|

|   | (Exact      name of Registrant as Specified in itsCharter) |
|--------|------------------------------------------------------------|

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

|   | 2050 South Oneida      Street, Suite 106, Denver, Colorado80224 |
|--------|-----------------------------------------------------------------|

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

| (Registrant’s      Telephone Number, Including AreaCode) |
|----------------------------------------------------------------|

| Large      accelerated filer [    ]                                                                   | Accelerated      filer [    ] |
|---------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------|
| Non-accelerated      filer   [    ] (Do not check if a      smaller reporting company) | Smaller      reporting company [ X ]              |

----

|                                  |                                                                                                                        | Page      Number |
|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------|------------------|
|                                  |                                                                                                                        |             |
| PART      I.                          | FINANCIAL      INFORMATION                                                                                                  |             |
|                                  |                                                                                                                        |             |
|     Item      1.  | Condensed      Consolidated Balance Sheets as of March 31, 2009 and September 30,      2008                                 | 2                |
|                                  |                                                                                                                        |             |
|                                  | Condensed      Consolidated Statements of Operations for the Three Months and Six Months      ended March 31, 2009 and 2008 | 4                |
|                                  |                                                                                                                        |             |
|                                  | Condensed      Consolidated Statements of Cash Flows for the Six Months ended March 31,      2009 and 2008                  | 5                |
|                                  |                                                                                                                        |             |
|                                  | Notes      to Condensed Consolidated Financial Statements                                                                   | 6                |
|                                  |                                                                                                                        |             |
|     Item      2.  | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations                       | 12               |
|                                  |                                                                                                                        |             |
|     Item      3.  | Quantitative      and Qualitative Disclosures about Market Risk.                                                            | 15               |
|              |                                                                                                                        |             |
|     Item      4.  | Controls      and Procedures                                                                                                | 16               |
|                                  |                                                                                                                        |             |
| PART      II.                         | OTHER      INFORMATION                                                                                                      | 17               |
|                                  |                                                                                                                        |             |
|     Item      1.  | Legal      Proceedings                                                                                                      | 17               |
|                                  |                                                                                                                        |             |
|     Item      1A. | Risk      Factors                                                                                                           | 17               |
|                                  |                                                                                                                        |             |
|     Item      2.  | Unregistered      Sales of Equity Securities and Use of Proceeds                                                            | 17               |
|                                  |                                                                                                                        |             |
|     Item      3.  | Defaults      Upon Senior Securities                                                                                        | 17               |
|                                  |                                                                                                                        |             |
|     Item      4.  | Submission      of Matters to a Vote of Security Holders                                                                    | 17               |
|                                  |                                                                                                                        |             |
|     Item      5.  | Other      Information                                                                                                      | 17               |
|                                  |                                                                                                                        |             |
|     Item      6.  | Exhibits                                                                                                                    | 17               |
|                                  |                                                                                                                        |             |
|                                  | Signatures                                                                                                                  | 18               |
|                                  |                                                                                                                        |             |
|                                  | Exhibit      Index                                                                                                          | 19               |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | March      31, |      |   | September      30, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|-----------|--------|--------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 2009           |      |   | 2008               |   |
| ASSETS                                                                            |   | (Unaudited)    |      |   |               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |           |      |   |               |   |
| Current      assets                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |           |      |   |               |   |
| Cash and cash      equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $              | 107,114   |   |               | $      | 204,613 |   |
| Marketable securities      available-for-sale                                                                                                                                                                                                                                                                                                                                                                                                                            |   |           | 495,533   |   |               |   | 666,949 |   |
| Accounts    receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |           | 17,633    |   |               |   | 45,471 |   |
| Prepaid expenses and other      assets                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |           | 3,147     |   |               |   | 4,829 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |           |      |   |               |   |   |   |
| Total      current assets                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |           | 623,427   |   |               |   | 921,862 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |           |      |   |               |   |   |   |
| Proved      and unproved oil and gas                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |           |      |   |               |   |   |   |
| properties, successful efforts      method                                                                                                                                                                                                                                                                                                                                                                                                                               |   |           |      |   |               |   |   |   |
| net of accumulated      depletion                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |           | 265,700   |   |               |   | 667,150 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |           |      |   |               |   |   |   |
| Property      and equipment:                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |           |      |   |               |   |   |   |
| Gas pipeline, net    of                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |           |      |   |               |   |   |   |
|   accumulated      depreciation                                                                                                                                                                                                                                                                                                                                                                                                                                |   |           | -         |   |               |   | 182,105 |   |
| Property and equipment, net      of                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |           |      |   |               |   |   |   |
|   accumulated      depreciation                                                                                                                                                                                                                                                                                                                                                                                                                                |   |           | 451,404   |   |               |   | 478,731 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |           |      |   |               |   |   |   |
| Net      property, equipment and pipeline                                                                                                                                                                                                                                                                                                                                                                                                                                |   |           | 451,404   |   |               |   | 660,836 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |           |      |   |               |   |   |   |
| Total      assets                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $              | 1,340,531 |   |               | $      | 2,249,848 |   |

----

|                                                    |   |           |       |   |               |   |
|---------------------------------------------------------|--------|----------------|------------|--------|--------------------|--------|
|                                                    |   | March      31, |       |   | September      30, |   |
|                                               |   | 2009           |       |   | 2008               |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY         |   | (Unaudited)    |       |   |               |   |
|                                               |   |           |       |   |               |   |
| Current      liabilities                                |   |           |       |   |               |   |
| Accounts payable and accrued      expenses              |   | $              | 22,349     |   |               | $      | 64,145 |   |
|                                                    |   |           |       |   |               |   |   |   |
| Asset      retirement obligation                        |   |           | 106,492    |   |               |   | 103,343 |   |
| Total      liabilities                                  |   |           | 128,841    |   |               |   | 167,488 |   |
|                                                    |   |           |       |   |               |   |   |   |
| Stockholders’      equity:                        |   |           |       |   |               |   |   |   |
| Preferred      Stock, no par value, authorized          |   |           |       |   |               |   |   |   |
| 1,000,000 shares; none      issued                      |   |           | -          |   |               |   | - |   |
| Common      Stock, no par value, authorized             |   |           | 3,973,109  |   |               |   | 3,938,149 |   |
| 500,000,000; 7,869,000 and      7,719,000               |   |           |       |   |               |   |   |   |
| issued and outstanding at March      31, 2009           |   |           |       |   |               |   |   |   |
| and September 30, 2008      respectively                |   |           |       |   |               |   |   |   |
| Accumulated      (deficit)                              |   |           | (2,756,952 | )      |               |   | (1,847,801 | ) |
| Unrealized      gain (loss) on investment in securities |   |           | (4,467     | )      |               |   | (7,988 | ) |
| Total      stockholders’ equity                   |   |           | 1,211,690  |   |               |   | 2,082,360 |   |
|                                                    |   |           |       |   |               |   |   |   |
| Total      liabilities and stockholders’ equity   |   | $              | 1,340,531  |   |               | $      | 2,249,848 |   |

----

|                                                                                                                                                                                                                                                                                                                                                               |   | Three      Months |      |   | Six      Months |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-----------|--------|-----------------|--------|
|                                                                                                                                                                                                                                                                                                                                                          |   | Ended March 31,   |      |   | Ended March 31, |   |
|                                                                                                                                                                                                                                                                                                                                                               |   | 2009              |      |   | 2008            |   |   | 2009 |   |   | 2008 |   |
| Revenue                                                                                                                                                                                                                                                                                                                                                            |   |              |      |   |            |   |   |   |   |   |   |   |
| Oil and gas sales                                                                                                                                                                                                                                                                                                                                                  |   | $                 | 28,735    |   |            | $      | 76,433 |   |   | $ | 64,183 |   |   | $ | 111,165 |   |
| Pipeline income                                                                                                                                                                                                                                                                                                                                                    |   |              | 24,262    |   |            |   | 24,555 |   |   |   | 50,228 |   |   |   | 34,721 |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Total revenue                                                                                                                                                                                                                                                                                                                                                      |   |              | 52,997    |   |            |   | 100,988 |   |   |   | 114,411 |   |   |   | 145,886 |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                                                                                                                                                                                                                                                                                                                                                           |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Oil and gas operating      expense                                                                                                                                                                                                                                                                                                                                 |   |              | 25,652    |   |            |   | 13,346 |   |   |   | 47,669 |   |   |   | 26,003 |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Pipeline operating      expense                                                                                                                                                                                                                                                                                                                                    |   |              | 53,213    |   |            |   | 37,947 |   |   |   | 94,697 |   |   |   | 74,282 |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Impairment of oil and gas      and                                                                                                                                                                                                                                                                                                                                 |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| pipeline assets                                                                                                                                                                                                                                                                                                                                                    |   |              | 699,688   |   |            |   | - |   |   |   | 699,688 |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| General      and administrative                                                                                                                                                                                                                                                                                                                                    |   |              | 74,235    |   |            |   | 53,055 |   |   |   | 151,388 |   |   |   | 113,563 |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Depletion, depreciation and      amortization                                                                                                                                                                                                                                                                                                                      |   |              | 10,345    |   |            |   | 24,778 |   |   |   | 42,437 |   |   |   | 48,286 |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Total operating      expenses                                                                                                                                                                                                                                                                                                                                      |   |              | 863,133   |   |            |   | 129,126 |   |   |   | 1,035,879 |   |   |   | 262,134 |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss) from operations                                                                                                                                                                                                                                                                                                                             |   |              | (810,136  | )      |            |   | (28,138 | ) |   |   | (921,468 | ) |   |   | (116,248 | ) |
| Other      income and (expense)                                                                                                                                                                                                                                                                                                                                    |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Gain on sale of      securities                                                                                                                                                                                                                                                                                                                                    |   |              | 63        |   |            |   | - |   |   |   | 63 |   |   |   | - |   |
| Interest income and      other                                                       |   |              | 4,693     |   |            |   | 5,309 |   |   |   | 12,254 |   |   |   | 14,019 |   |
|                                                                                                                                                                                                                                                                                                                                                               |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss)                                                                                                                                                                                                                                                                                                                                             |   | $                 | (805,380  | )      |            | $      | (22,829 | ) |   | $ | (909,151 | ) |   |   | (102,229 | ) |
|                                                                                                                                                                                                                                                                                                                                                               |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Basic      and diluted (loss) income per common share                                                                                                                                                                                                                                                                                                              |   | $                 | (.10      | )      |            | $      | (.00 | ) |   | $ | (.12 | ) |   | $ | (.02 | ) |
|                                                                                                                                                                                                                                                                                                                                                               |   |              |      |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Basic      and dilutive weighted average number of shares outstanding                                                                                                                                                                                                                                                                                              |   |              | 7,869,000 |   |            |   | 6,031,088 |   |   |   | 7,793,176 |   |   |   | 5,673,098 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Six Months EndedMarch 31, |     |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2009                      |     |   | 2008 |   |
| Cash      flows from operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                      |     |   |   |   |
| Net      loss                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | $                         | (909,151 | ) |   | $ | (102,229 | ) |
| Adjustment      to reconcile net loss to net cash                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                      |     |   |   |   |   |   |
|    used      in operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      |     |   |   |   |   |   |
| Depreciation, depletion and      amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                      | 42,437   |   |   |   | 48,286 |   |
| Impairment of oil and gas and      pipeline assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                      | 699,688  |   |   |   | - |   |
| Stockcompensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                      | 4,960    |   |   |   | - |   |
| Changes      in operating assets and liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                      |     |   |   |   |   |   |
| Decrease in prepaid      expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                      |     |   |   |   |   |   |
|      and      other assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                      | 1,682    |   |   |   | 10,999 |   |
| (Increase) decrease in accounts      and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                      |     |   |   |   |   |   |
|     other      receivables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                      | 27,838   |   |   |   | (19,414 | ) |
| (Decrease) in accounts      payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                      |     |   |   |   |   |   |
|     and      accrued expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                      | (41,796  | ) |   |   | (7,264 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      |     |   |   |   |   |   |
| Net      cash flows (used in) operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                      | (174,342 | ) |   |   | (69,622 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      |     |   |   |   |   |   |
| Cash      flows from investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                      |     |   |   |   |   |   |
| Proceeds      from sales of marketable securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                      | 674,937  |   |   |   | 199,999 |   |
| Purchase      marketable securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                      | (500,000 | ) |   |   | - |   |
| Additions      to oil and gas properties                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                      | (69,422  | ) |   |   | - |   |
| Additions      to equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                      | (28,672  | ) |   |   | (78,297 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      |     |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      |     |   |   |   |   |   |
| Net      cash flows provided by investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      | 76,843   |   |   |   | 121,702 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      |     |   |   |   |   |   |
| 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      (decrease) increase  in cash and cashequivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                      | (97,499  | ) |   |   | 652,080 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      |     |   |   |   |   |   |
| Cash      and cash equivalents at beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                      | 204,613  |   |   |   | 213,808 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      |     |   |   |   |   |   |
| Cash      and cash equivalents at end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $                         | 107,114  |   |   | $ | 865,888 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      |     |   |   |   |   |   |
| Schedule of Non-cash Investing      Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                      |     |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      |     |   |   |   |   |   |
| Stock      issued for purchase of royalty      interest                                                                                                 |   | $                         | 30,000   |   |   | $ | - |   |
| Decrease      in unrealized loss                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                      |     |   |   |   |   |   |
| on securities available for      sale                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                      | 3,522    |   |   |   | 9,635 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      |     |   |   |   |   |   |
| Total      non-cash investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                         | 33,522   |   |   | $ | 9,635 |   |

----

----

----

| Description             |   | March      31, 2009 |    |   | Quoted      Prices in Active Markets for Identical Assets(Level      1) |   | Significant      Other      Observable      Inputs(Level      2) | Significant      Unobservable      Inputs(Level      3) |
|-------------------------|--------|---------------------|---------|--------|-------------------------------------------------------------------------|--------|------------------------------------------------------------------|---------------------------------------------------------|
| Trading      Securities |   |                | 495,533 |   |                                                                    |   | 495,533                                                          |                                                    |   |   |
| Total                   |   | $                   | 495,533 |   |                                                                    | $      | 495,533                                                          |                                                    |   |   |

----

|   | § | 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                                                               |   |        |     |   |     |   |     |      |   |   |         |   |
| 2009                                                                   |   | $           | 64,183   |   |     | $      | 50,228   |      |   | $      | 12,317       |   |   | $ | 126,728 |   |
| 2008                                                                   |   |        | 111,165  |   |     |   | 34,721   |      |   |   | 14,019       |   |   |   | 159,905 |   |
|                                                                   |   |        |     |   |     |   |     |      |   |   |         |   |   |   |   |   |
| Net      Income (Loss)                                                 |   |        |     |   |     |   |     |      |   |   |         |   |   |   |   |   |
| 2009                                                                   |   | $           | (507,075 | )      |     | $      | (261,179 | )         |   | $      | (140,897     | )      |   | $ | (909,151 | ) |
| 2008                                                                   |   |        | 65,372   |   |     |   | (64,340  | )         |   |   | (103,261     | )      |   |   | (102,229 | ) |
|                                                                   |   |        |     |   |     |   |     |      |   |   |         |   |   |   |   |   |
| Depreciation,      Depletion                                           |   |        |     |   |     |   |     |      |   |   |         |   |   |   |   |   |
| and      Valuation Charged                                             |   |        |     |   |     |   |     |      |   |   |         |   |   |   |   |   |
| to      Identifiable Assets                                            |   |        |     |   |     |   |     |      |   |   |         |   |   |   |   |   |
| 2009                                                                   |   | $           | 25,465   |   |     | $      | 15,146   |      |   | $      | 1,826        |   |   | $ | 42,437 |   |
| 2008            |   |        | 19,790   |   |     |   | 24,779   |      |   |   | 3,717        |   |   |   | 48,286 |   |
|                                                                   |   |        |     |   |     |   |     |      |   |   |         |   |   |   |   |   |
| Capital      Expenditures                                              |   |        |     |   |     |   |     |      |   |   |         |   |   |   |   |   |
| 2009                                                                   |   | $           | 69,422   |   |     | $      | 28,138   |      |   | $      | 534          |   |   | $ | 98,094 |   |
| 2008                                                                   |   |        | -        |   |     |   | 78,297   |      |   |   | -            |   |   |   | 78,297 |   |

| Identifiable      Assets                        |   |   |    |   |   |   |    |   |   |   |    |   |
|-------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|
|     March      31, 2009     |   | $      | 514,428 |   |   | $      | 209,355 |   |   | $      | 616,748 |   |   | $ | 1,340,531 |   |
|     September 30,      2008 |   |   | 929,147 |   |   |   | 435,162 |   |   |   | 885,539 |   |   |   | 2,249,848 |   |

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| Accumulated      other comprehensive loss at September 30, 2008 |   | $      | (7,989 | )      |
|-----------------------------------------------------------------|--------|--------|--------|--------|
|                                                            |   |   |   |   |
| Change      in unrealized loss on securities held for sale      |   |   | 3,522  |   |
|                                                            |   |   |   |   |
| Accumulated      other comprehensive income at March 31, 2009   |   | $      | (4,467 | )      |

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

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|   | As      of January 1, 2009 we acquired a 2.5% overriding royalty interest in some      of our Kansas gas properties from our consulting engineer who earned the      interests under our 2001 agreement with him.  In consideration      for the interests, we paid $5,000 cash and issued 150,000 shares of our      restricted common stock.  No underwriters or sales agents were      involved.  The shares bear a restrictive legend against resale      and the restriction is so noted in our transfer records.  We      relied on Section 4(2) under the Securities Act of 1933 as providing an      exemption from the registration requirements of that Act since the      issuance was made in an isolated transaction not involving a public      offering. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Exhibit      31.1--Certification of the Chief Executive and Financial Officer under      Section 302 of the Sarbanes-Oxley Act of2002. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | Exhibit      32.1--Certification of the Chief Executive and Financial Officer under      Section 906 of the Sarbanes-Oxley Act of2002. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------|

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|                          | MONUMENT      RESOURCES, INC.(Registrant) |                                                                                                |
|-------------------------------|-------------------------------------------|-----------------------------------------------------------------------------------------------------|
|                          |                                      |                                                                                                |   |
| Date:  May 12, 2009 | By:                                       | /s/ A.G. Foust                                                                                 |   |
|                          |                                      | A.G. Foust, President(Chief      Executive Officer, PrincipalFinancial      and Accounting Officer) |   |
|                          |                                      |                                                                                                |   |
|                          |                                      |                                                                                                |   |

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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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