**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

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

|   | For                the quarterly period ended June 30,                2007 |
|--------|----------------------------------------------------------------------------|

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

|   | For                the transition period from ______________ to                _______________ |
|--------|------------------------------------------------------------------------------------------------|

**MONUMENT      RESOURCES, INC.**

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

**2050      South Oneida Street, Suite 106, Denver, Colorado 80224**

**(303)      692-9468**

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**INDEX**

| PART                I                          | FINANCIAL                INFORMATION                                                                                      | Page                Number |
|------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|----------------------------|
|                                           |                                                                                                                      |                       |
|     Item                1. | Condensed                Consolidated Balance Sheets as of                                                                | 2-3                        |
|                                           | June                30, 2007 and September 30, 2006                                                                       |                       |
|                                           |                                                                                                                      |                       |
|                                           | Condensed                Consolidated Statements of Operations                                                            | 4                          |
|                                           | for                the Three Months and Nine Months ended June 30, 2007 and                2006                           |                       |
|                                           |                                                                                                                      |                       |
|                                           | Condensed                Consolidated Statements of Cash Flows                                                            | 5                          |
|                                           | for                the Nine Months ended June 30, 2007 and 2006                                                           |                       |
|                                           |                                                                                                                      |                       |
|                                           | Notes                to Condensed Consolidated Financial Statements                                                       | 6                          |
|                                           |                                                                                                                      |                       |
|     Item                2. | Management’s                Discussion and Analysis of Financial Condition and Results of                Operations | 12                         |
|                                           |                                                                                                                      |                       |
|    Item                3.       | Controls                and Procedures                                                                                    | 16                         |
|                                           |                                                                                                                      |                       |
| PART                II.                        | OTHER                INFORMATION                                                                                          | 17                         |
|                                           |                                                                                                                      |                       |
|                                           | Signatures                                                                                                                | 18                         |
|                                           |                                                                                                                      |                       |
|                                           | Exhibit                Index                                                                                              | 19                         |

*-          1          -*

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**CONDENSED      CONSOLIDATED BALANCE SHEETS**

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | June                30, |      |   | September                30, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|-----------|--------|------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2007                    |      |   | 2006                         |   |
| **ASSETS**                                                                                                                                    |   | (Unaudited)             |      |   | (Audited)                    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    |      |   |                         |   |
| Current                assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                    |      |   |                         |   |
| Cash                and cash                equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $                       | 137,008   |   |                         | $      | 719,188 |   |
| Marketable                securities                available-for-sale                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    | 587,455   |   |                         |   | 410,158 |   |
| Accounts                receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                    | 39,530    |   |                         |   | 36,629 |   |
| Prepaid                expenses and other                assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                    | 38,293    |   |                         |   | 18,936 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    |      |   |                         |   |   |   |
| Total                current                assets                                                                                                                                                                                                                                                            |   |                    | 802,286   |   |                         |   | 1,184,911 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    |      |   |                         |   |   |   |
| Proved                and unproved oil and gas                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                    |      |   |                         |   |   |   |
| properties,                successful efforts                method                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                    |      |   |                         |   |   |   |
|  net                of accumulated                depletion                                                                                                                                     |   |                    | 595,525   |   |                         |   | 608,117 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    |      |   |                         |   |   |   |
| Property                and equipment:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    |      |   |                         |   |   |   |
| Gas                pipeline, net                of                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                    |      |   |                         |   |   |   |
|   accumulated                depreciation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                    | 231,246   |   |                         |   | 232,657 |   |
| Property                and equipment, net                of                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                    |      |   |                         |   |   |   |
|   accumulated                depreciation                                                                                                                                                  |   |                    | 255,317   |   |                         |   | 112,962 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    |      |   |                         |   |   |   |
| Net                property, equipment and                pipeline                                                                            |   |                    | 486,563   |   |                         |   | 345,619 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    |      |   |                         |   |   |   |
| Total                assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $                       | 1,884,374 |   |                         | $      | 2,138,647 |   |

*-          2          -*

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**CONDENSED      CONSOLIDATED BALANCE SHEETS**

|                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | June                30, |       |   | September                30, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|------------|--------|------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 2007                    |       |   | 2006                         |   |
| **LIABILITIES                AND STOCKHOLDERS’ EQUITY**                                                                                                                                                                                                                                                                                                                                                                                             |   | (Unaudited)             |       |   | (Audited)                    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                    |       |   |                         |   |
| Current                liabilities                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                    |       |   |                         |   |
| Accounts                payable and accrued                expenses                                                                                                                                                                                                                                                                                                                                                                                       |   | $                       | 18,952     |   |                         | $      | 61,829 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                    |       |   |                         |   |   |   |
| Asset                retirement                obligation                                                                 |   |                    | 80,947     |   |                         |   | 80,947 |   |
| Total                liabilities                                                                                                                                                                                                                                                          |   |                    | 99,899     |   |                         |   | 142,776 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                    |       |   |                         |   |   |   |
| Stockholders’                equity:                                                                                                                                                                                                                                                                                                                                                                                                                |   |                    |       |   |                         |   |   |   |
| Preferred                Stock, no par value, authorized                                                                                                                                                                                                                                                                                                                                                                                                  |   |                    |       |   |                         |   |   |   |
| 1,000,000                shares; none                issued                                                                                                                                                                                                                                                                                                                                                                                               |   |                    | -          |   |                         |   | - |   |
| Common                Stock, no par value, authorized                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |       |   |                         |   |   |   |
| 10,000,000                shares; 5,319,000                issued                                                                                                                                                                                                                                                                                                                                                                                         |   |                    |       |   |                         |   |   |   |
|             and                outstanding                                                                                                                                                                                                                                                                                                                                                    |   |                    | 3,290,518  |   |                         |   | 3,290,518 |   |
| Accumulated                (deficit)                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                    | (1,492,664 | )      |                         |   | (1,284,070 | ) |
| Unrealized                gain (loss) on investment in securities                                                                                                                                                                                                                                                                                                                                                                                         |   |                    | (13,379    | )      |                         |   | (10,577 | ) |
| Total                stockholders’                equity                                                                                                              |   |                    | 1,784,475  |   |                         |   | 1,995,871 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                    |       |   |                         |   |   |   |
| Total                liabilities and stockholders’ equity                                                                                                                                                                                                                                                                                                                                                                                           |   | $                       | 1,884,374  |   |                         | $      | 2,138,647 |   |

*-          3          -*

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**CONDENSED      CONSOLIDATED STATEMENTS OF OPERATIONS**

**(UNAUDITED)**

|                                                              |   | Three                Months      |      |   | Nine                Months       |   |
|------------------------------------------------------------------------|--------|-------------------------------------------------|-----------|--------|-------------------------------------------------|--------|
|                                                              |   | Ended                June 30,    |      |   | Ended                June 30,    |   |
|                                                                   |   | 2007                                            |      |   | 2006                                            |   |   | 2007 |   |   | 2006 |   |
| Revenue                                                                |   |                                            |      |   |                                            |   |   |   |   |   |   |   |
| Oil                and gas sales                                       |   | $                                               | 56,427    |   |                                            | $      | 66,126 |   |   | $ | 142,858 |   |   | $ | 396,791 |   |
| Pipeline                income                                         |   |                                            | 17,831    |   |                                            |   | 30,911 |   |   |   | 56,744 |   |   |   | 115,038 |   |
|                                                                   |   |                                            |      |   |                                            |   |   |   |   |   |   |   |   |   |   |   |
| Total                revenue                                           |   |                                            | 74,258    |   |                                            |   | 97,037 |   |   |   | 199,602 |   |   |   | 511,829 |   |
|                                                                   |   |                                            |      |   |                                            |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                                                               |   |                                            |      |   |                                            |   |   |   |   |   |   |   |   |   |   |   |
| Oil                and gas operating                expense            |   |                                            | 14,943    |   |                                            |   | 13,414 |   |   |   | 50,845 |   |   |   | 53,681 |   |
| Pipeline                operating                expense               |   |                                            | 42,592    |   |                                            |   | 43,216 |   |   |   | 152,328 |   |   |   | 144,403 |   |
| General                and                administrative               |   |                                            | 49,163    |   |                                            |   | 52,826 |   |   |   | 168,931 |   |   |   | 177,599 |   |
| Depletion,                depreciation and                amortization |   |                                            | 24,217    |   |                                            |   | 17,501 |   |   |   | 67,182 |   |   |   | 49,543 |   |
|                                                                   |   |                                            |      |   |                                            |   |   |   |   |   |   |   |   |   |   |   |
| Total                expenses                                          |   |                                            | 130,915   |   |                                            |   | 126,957 |   |   |   | 439,286 |   |   |   | 425,226 |   |
|                                                                   |   |                                            |      |   |                                            |   |   |   |   |   |   |   |   |   |   |   |
| Income                (loss) from operations                           |   |                                            | (56,657   | )      |                                            |   | (29,920 | ) |   |   | (239,684 | ) |   |   | 86,603 |   |
|                                                                   |   |                                            |      |   |                                            |   |   |   |   |   |   |   |   |   |   |   |
| Other                income and (expense)                              |   |                                            |      |   |                                            |   |   |   |   |   |   |   |   |   |   |   |
| Gain                on sale of securities                              |   |                                            | -         |   |                                            |   | - |   |   |   | (226 | ) |   |   | - |   |
| Gain                on sale of mineral interest                        |   |                                            | -         |   |                                            |   | - |   |   |   | - |   |   |   | 100,359 |   |
| Interest                and other                                      |   |                                            | 8,974     |   |                                            |   | 10,996 |   |   |   | 31,316 |   |   |   | 32,340 |   |
|                                                                   |   |                                            |      |   |                                            |   |   |   |   |   |   |   |   |   |   |   |
| Total                other income and                expense           |   |                                            | 8,974     |   |                                            |   | 10,996 |   |   |   | 31,090 |   |   |   | 132,699 |   |
|                                                                   |   |                                            |      |   |                                            |   |   |   |   |   |   |   |   |   |   |   |
| Net                income (loss)                                       |   | $                                               | (47,683   | )      |                                            | $      | (18,924 | ) |   | $ | (208,594 | ) |   | $ | 219,302 |   |
| Basic                and diluted income (loss) per common share        |   | $                                               | (.009     | )      |                                            | $      | (.003 | ) |   | $ | (.04 | )$ |   |   | .04 |   |
|                                                                   |   |                                            |      |   |                                            |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                average number of shares outstanding           |   |                                            | 5,319,000 |   |                                            |   | 5,319,000 |   |   |   | 5,319,000 |   |   |   | 5,319,000 |   |

*-          4          -*

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**CONDENSED      CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(UNAUDITED)**

|                                                                                                                                                                                                                                                                                                                                          |   | Nine                Months Ended June 30,    |     |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------|----------|
|                                                                                                                                                                                                                                                                                                                                          |   | 2007                                                        |     |   | 2006 |   |
| Cash                flows from operating activities:                                                                                                                                                                                                                                                                                               |   |                                                        |     |   |   |   |
| Net                income (loss)                                                                                                                                                                                                                                                                                                                   |   | $                                                           | (208,594 | ) |   | $ | 219,302 |   |
| Adjustment                to reconcile net income (loss) to net                                                                                                                                                                                                                                                                                    |   |                                                        |     |   |   |   |   |   |
|    cash                provided by (used in) operating activities:                                                                                                                                                                                                                                                                  |   |                                                        |     |   |   |   |   |   |
| Depreciation,                depletion and                amortization                                                                                                                                                                                                                                                                             |   |                                                        | 67,182   |   |   |   | 49,543 |   |
| (Gain)                on sale of mineral                property                                                                                                                                                                                                                                                                                   |   |                                                        | -        |   |   |   | (100,359 | ) |
|  Loss                on sale of                securities                                                                                                                                                                                                                                                                                     |   |                                                        | 226      |   |   |   | - |   |
| Changes                in operating assets and liabilities:                                                                                                                                                                                                                                                                                        |   |                                                        |     |   |   |   |   |   |
| (Increase)                decrease in prepaid                expenses                                                                                                                                                                                                                                                                              |   |                                                        |     |   |   |   |   |   |
|      and                other assets                                                                                                                                                                                                                                                                                      |   |                                                        | (19,357  | ) |   |   | 60,049 |   |
| (Increase)                decrease in accounts                and                                                                                                                                                                                                                                                                                  |   |                                                        |     |   |   |   |   |   |
|     other                receivables                                                                                                                                                                                                                                                                                           |   |                                                        | (2,901   | ) |   |   | 16,467 |   |
| (Decrease)                in accounts                payable                                                                                                                                                                                                                                                                                       |   |                                                        |     |   |   |   |   |   |
|     and                accrued                expenses                                             |   |                                                        | (42,877  | ) |   |   | (15,274 | ) |
|                                                                                                                                                                                                                                                                                                                                               |   |                                                        |     |   |   |   |   |   |
| Net                cash flow provided by (used in)                operations                                                                                                                                                              |   |                                                        | (206,321 | ) |   |   | 229,728 |   |
|                                                                                                                                                                                                                                                                                                                                               |   |                                                        |     |   |   |   |   |   |
| Cash                flows from investing activities:                                                                                                                                                                                                                                                                                               |   |                                                        |     |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                               |   |                                                        |     |   |   |   |   |   |
| Purchase                of land                                                                                                                                                                                                                                                                                                                    |   |                                                        | (95,191  | ) |   |   | - |   |
| Proceeds                from sale of mineral investment                                                                                                                                                                                                                                                                                            |   |                                                        | -        |   |   |   | 129,065 |   |
| Proceeds                from sale of investment securities                                                                                                                                                                                                                                                                                         |   |                                                        | 19,675   |   |   |   | 2,762 |   |
| Additions                to oil and gas properties                                                                                                                                                                                                                                                                                                 |   |                                                        | (11,727  | ) |   |   | (55,786 | ) |
| Additions                to equipment                                                                                                                                                                                                                                                                                                              |   |                                                        | (88,616  | ) |   |   | (63,987 | ) |
| Purchase                of investment securities                                                                                                                                                                                                                                                                                                   |   |                                                        | (200,000 | ) |   |   | (500,000 | ) |
|                                                                                                                                                                                                                                                                                                                                               |   |                                                        |     |   |   |   |   |   |
| Net                cash flows used in investing activities                                                                                                                                                                                                                                                                                         |   |                                                        | (375,859 | ) |   |   | (487,946 | ) |
|                                                                                                                                                                                                                                                                                                                                               |   |                                                        |     |   |   |   |   |   |
| Net                decrease in cash and cash equivalents                                                                                                                                                                                                                                                                                           |   |                                                        | (582,180 | ) |   |   | (258,218 | ) |
|                                                                                                                                                                                                                                                                                                                                               |   |                                                        |     |   |   |   |   |   |
| Cash                and cash equivalents at beginning of                period                                                                                                                                                                                                                                       |   |                                                        | 719,188  |   |   |   | 654,987 |   |
|                                                                                                                                                                                                                                                                                                                                               |   |                                                        |     |   |   |   |   |   |
| Cash                and cash equivalents at end of period                                                                                                                                                                                                                                                                                          |   | $                                                           | 137,008  |   |   | $ | 396,769 |   |
|                                                                                                                                                                                                                                                                                                                                               |   |                                                        |     |   |   |   |   |   |
| Schedule                of Non-cash Investing Activities                                                                                                                                                                                                                                                                                           |   |                                                        |     |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                               |   |                                                        |     |   |   |   |   |   |
| Increase                in unrealized loss                                                                                                                                                                                                                                                                                                         |   |                                                        |     |   |   |   |   |   |
| on                securities available for                sale                                                                                                                                                                                                                                                                                     |   | $                                                           | (2,802   | ) |   | $ | (14,346 | ) |

*-          5          -*

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**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE      1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING      POLICIES**

**THE      COMPANY**

**BASIS      OF PRESENTATION**

**CONSOLIDATION**

*-          6          -*

----

**REVENUE      RECOGNITION**

**EARNINGS      PER SHARE**

**MINERAL      PROPERTIES**

**OIL      AND GAS PROPERTIES**

*-          7          -*

----

**INCOME      TAXES**

**INVESTMENT      IN SECURITIES**

**COMPREHENSIVE      INCOME**

**ASSET      RETIREMENT OBLIGATIONS**

**NOTE      2 -- ESTIMATES AND RISKS**

*-          8          -*

----

**NOTE      2 -- ESTIMATES AND RISKS (CONTINUED)**

**NOTE      3 -- SEGMENT INFORMATION**

*-          9          -*

----

|                                                                                                                               |   | Oil                and Gas |    |   | Pipeline |   |     | Mining |   |   | Corporate |   |   | Consolidated |      |
|------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|---------|--------|----------|--------|----------|--------|--------|--------|-----------|--------|--------|--------------|-----------|
| Revenues                                                                                                                           |   |                       |    |   |     |   |     |   |   |   |      |   |   |         |      |
| 2007                                                                                                                               |   | $                          | 142,858 |   |     | $      | 56,744   |   |   | $      | -         |   |   | $            | 31,316    |   |   | $ | 230,918 |   |
| 2006                                                                                                                               |   |                       | 396,791 |   |     |   | 115,038  |   |   |   | 100,359   |   |   |         | 32,340    |   |   |   | 644,528 |   |
|                                                                                                                               |   |                       |    |   |     |   |     |   |   |   |      |   |   |         |      |   |   |   |   |   |
| Net                Income (Loss)                                                                                                   |   |                       |    |   |     |   |     |   |   |   |      |   |   |         |      |   |   |   |   |   |
| 2007                                                                                                                               |   | $                          | 55,634  |   |     | $      | (125,364 | )      |   | $      | -         |   |   | $            | (138,864  | ) |   | $ | (208,594 | ) |
| 2006                                                                                                                               |   |                       | 321,130 |   |     |   | (56,365  | )      |   |   | 100,359   |   |   |         | (145,822  | ) |   |   | 219,302 |   |
|                                                                                                                               |   |                       |    |   |     |   |     |   |   |   |      |   |   |         |      |   |   |   |   |   |
| Depreciation,                Depletion and                                                                                         |   |                       |    |   |     |   |     |   |   |   |      |   |   |         |      |   |   |
| Valuation                Charged to                                                                                                |   |                       |    |   |     |   |     |   |   |   |      |   |   |         |      |   |   |   |   |   |
| Identifiable                Assets                                                                                                 |   |                       |    |   |     |   |     |   |   |   |      |   |   |         |      |   |   |   |   |   |
| 2007                                                                                                                               |   | $                          | 36,379  |   |     | $      | 29,780   |   |   | $      | --        |   |   | $            | 1,023     |   |   | $ | 67,182 |   |
| 2006                                                                                                                               |   |                       | 21,980  |   |     |   | 27,000   |   |   |   | --        |   |   |         | 563       |   |   |   | 49,543 |   |
|                                                                                                                               |   |                       |    |   |     |   |     |   |   |   |      |   |   |         |      |   |   |   |   |   |
| Capital                Expenditures                                                                                                |   |                       |    |   |     |   |     |   |   |   |      |   |   |         |      |   |   |   |   |   |
| 2007                                                                                                                               |   | $                          | 11,727  |   |     | $      | 183,562  |   |   | $      | --        |   |   | $            | 245       |   |   | $ | 195,534 |   |
| 2006                                                                                                                               |   |                       | 55,786  |   |     |   | 62,513   |   |   |   | --        |   |   |         | 1,474     |   |   |   | 119,773 |   |
|                                                                                                                               |   |                       |    |   |     |   |     |   |   |   |      |   |   |         |      |   |   |   |   |   |
| Segment                information as of June 30, 2007 compared to September 30, 2006 is                as                follows. |   |
|                                                                                                                               |   |                       |    |   |     |   |     |   |   |   |      |   |   |         |      |   |   |   |   |   |
| Identifiable                Assets                                                                                                 |   |                       |    |   |     |   |     |   |   |   |      |   |   |         |      |   |   |   |   |   |
| June                30, 2007                                                                                                       |   | $                          | 692,948 |   |     | $      | 450,777  |   |   | $      | --        |   |   | $            | 740,649   |   |   | $ | 1,884,374 |   |
| September                30,                2006                                                                                   |   |                       | 675,005 |   |     |   | 313,731  |   |   |   | --        |   |   |         | 1,149,911 |   |   |   | 2,138,647 |   |

**NOTE      4 -- OIL AND GAS ACTIVITIES**

**KANSAS      GAS PROJECT -- LEAVENWORTH COUNTY, KANSAS**

*-          10          -*

----

**NOTE      4 -- OIL AND GAS ACTIVITIES (CONTINUED)**

**KANSAS      GAS PROJECT -- LEAVENWORTH COUNTY, KANSAS (CONTINUED)**

**NOTE      5 -- MINERAL ACTIVITIES**

**DOBLER      GOLD MINE PROSPECT -- BROADWAY COUNTY, MONTANA**

**NOTE      6 -- COMPREHENSIVE INCOME (LOSS)**

**Nine      months ended June 30, 2007**

| Accumulated                other comprehensive (loss) at September 30, 2006 |   | $      | (10,577 | )      |
|-----------------------------------------------------------------------------|--------|--------|---------|--------|
|                                                                        |   |   |    |   |
| Change                in unrealized (loss) on securities held for sale      |   |   | (2,802  | )      |
|                                                                        |   |   |    |   |
| Accumulated                other comprehensive (loss) at June 30, 2007      |   | $      | (13,379 | )      |

**Nine      months ended June 30, 2006**

| Accumulated                other comprehensive income at September 30, 2005 |   | $      | (6,975  | )      |
|-----------------------------------------------------------------------------|--------|--------|---------|--------|
|                                                                        |   |   |    |   |
| Change                in unrealized gain on securities held for sale        |   |   | (14,346 | )      |
|                                                                        |   |   |    |   |
| Accumulated                other comprehensive income at June 30, 2006      |   | $      | (21,321 | )      |

*-          11          -*

----

**Item      2.   MANAGEMENT’S      DISCUSSION AND ANALYSIS OFFINANCIAL CONDITION**
**AND      RESULTS OF OPERATIONS.**

**LIQUIDITY      AND CAPITAL RESOURCES**

**RESULTS      OF OPERATIONS**

*Three      Months Ended June 30, 2007 vs. 2006*

*-          12          -*

----

**Item      2. **

**MANAGEMENT’S DISCUSSION AND ANALYSIS OF**
**FINANCIAL CONDITION **
**AND      RESULTS OF OPERATIONS.**

**RESULTS      OF OPERATIONS (CONTINUED)**

*Nine      Months Ended June 30, 2007 vs. 2006*

*-          13          -*

----

**Item      2. MANAGEMENT’S DISCUSSION      AND ANALYSIS OFFINANCIAL CONDITION**
**      AND RESULTS OF OPERATIONS (CONTINUED).**

**RESULTS      OF OPERATIONS (CONTINUED)**

**CONTRACTUAL        OBLIGATIONS**

**CRITICAL      ACCOUNTING POLICIES AND ESTIMATES**

**Reserve      Estimates**

*-          14          -*

----

**Item      2.**

** **

**MANAGEMENT’S      DISCUSSION AND ANALYSIS OF **
**FINANCIAL      CONDITION**
**AND      RESULTS OF OPERATIONS (CONTINUED).**

**CRITICAL      ACCOUNTING POLICIES AND ESTIMATES (CONTINUED)**

**Reserve      Estimates (Continued):**

**Oil      and Gas      Properties**

*-          15          -*

----

**Item      3.  CONTROLS AND      PROCEDURES**

*-          16          -*

----

**MONUMENT      RESOURCES, INC. AND SUBSIDIARY**

**PART      II -- OTHER INFORMATION**

**ITEM        1.     LEGAL        PROCEEDINGS.**

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

**ITEM        3.            DEFAULTS        UPON SENIOR SECURITIES.**

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

**ITEM        5.            OTHER        INFORMATION.**

**ITEM        6.             EXHIBITS**

| Exhibit                    31.1     | Certification                    of the Chief Executive and Financial Officer under Section 302                    of the                    Sarbanes-Oxley Act of 2002  |
|---------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                    |                                                                                                                                                                     |
| Exhibit                    32.1     | Certification                    of the Chief Executive and Financial Officer under Section 906                    of the                    Sarbanes-Oxley Act of 2002. |

*-          17          -*

----

**SIGNATURES**

|                                           | MONUMENT                RESOURCES, INC.(Registrant) |                                                                                                                                                  |
|------------------------------------------------|-----------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                           |                                                |                                                                                                                                                  |   |
| Date:  August                2, 2007 | By:                                                 | /s/ A.G.              Foust                                                                                                                      |   |
|                                           |                                                | A.G.              Foust,              President                                                                                                       |   |
|                                           |                                                |  (Chief                Executive Officer, Principal Financial                and Accounting                Officer) anda                Director |   |
|                                           |                                                |                                                                                                                                                  |   |

*-          18          -*

----

**EXHIBIT      INDEX**

| **EXHIBIT** |                                                                                                                                                                                                                                                                                                                                        |
|-------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **NUMBER**  | **                                                                  DESCRIPTION** |
|        |                                                                                                                                                                                                                                                                                                                                        |
| 31.1        | Certification                of Chief Executive and Financial Officer under Section 302 of the                Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                   |
|        |                                                                                                                                                                                                                                                                                                                                        |
| 32.1        | Certification                of Chief Executive and Financial Officer under Section 906 of the                Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                   |

*-          19          -*

----