SECURITIES AND EXCHANGE COMMISSION 
	Washington, DC  20549

	FORM 10-QSB/A1
	                     

[  X ] 	Quarterly Report Pursuant to Section 13 or 15(d) of the Securities 
Exchange Act of 1934

For the quarterly period ended December 31, 1995

[    ]	TRANSITION REPORT UNDER SECTION 10 OR 15(d) OF THE EXCHANGE ACT

	Commission File Number 0-3926

	ANTARES RESOURCES CORPORATION
	(Exact name of small business issuer as specified in its charter)

	New York							   13-1950459
(State or other jurisdiction     					(I.R.S. Identification number)
of incorporation or organization)

100 Quentin Roosevelt Boulevard, Suite 202 Garden City, New York 11530
(address of principal executive offices)

	(516) 683-8116
	(Issuer's Telephone Number, Including Area Code)

	(Former name, former address and former fiscal year,
	if changed since last report)

Check whether the issuer(1) filed all reports required to be filed by Section
 13 or 15(d) of the Exchange Act during the past 12 months (or for such 
shorter period that the registrant was required to file such reports), and 
(2) has been subject to such filing requirements for the past 90 days.

	Yes   X                      No         

State the number of shares outstanding of each of the issuer's classes of common
 equity, as of the latest practicable date.

	Outstanding Equity Securities at February 16, 1996

Class of Securities 					Outstanding Shares

Common Stock,    .001 par value, 	           		14,415,395 shares 
Preferred Stock,  .01 par value
Series A ($10.00 Liquidation Preference),	  	     100,000 shares 
Series B ($ 2.50 Liquidation Preference)	  	      135,000 shares

	Transitional Small Business Disclosure Format
	Yes  X                         No        


ANTARES RESOURCES CORPORATION

Exhibit Index to Quarterly Report on Form 10-QSB
	For the Quarter Ended December 31, 1995

EXHIBITS
		EX-27 		Financial Data Schedule
				
				

	SIGNATURES



	Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Registrant has duly caused this report to be signed on its behalf of the 
undersigned thereunto duly authorized.


					ANTARES RESOURCES CORPORATION
						  (Registrant)



					By/s/Joan Kushay    

					  Joan Kushay
					  Assistant Secretary and Director
					  (Duly Authorized Officer)



Dated: March 20, 1996
     
ANTARES RESOURCES CORPORATION
Financial Data Schedule
As of December 31, 1995 and for the three month period then ended
Article 5 of Regulation S-X

This schedule contains summary financial information extracted from the 
condensed consolidated financial statements filed with Form 10QSB for the
quarterly period ended December 31, 1995 and is qualified in its entirety 
by reference to such financial statements.

<DOCUMENTS>
[TYPE]		EX-27
[DESCRIPTION]	ART. 5 FDS FOR 1ST QUARTER 10-QSB/A1
[ARTICLE]	5
<TABLE>
<S>                                                 <C>
[PERIOD-TYPE]	               		3-MOS
[FISCAL-YEAR-END]						                          SEP-30-1995
[PERIOD-END]							                              DEC-31-1995
[CASH]	                                            3,626,305									
[SECURITIES]                                              	0
[RECEIVABLES]	                                        40,107
[ALLOWANCES]	                                         23,000
[INVENTORY]	                                       1,075,991
[CURRENT-ASSETS]	                                  4,908,308
[PP&E]	                                            2,352,634
[DEPRECIATION]	                                       73,251
[TOTAL-ASSETS]	                                   11,636,339
[CURRENT-LIABILITIES]	                               737,119
[BONDS]	                                             655,159
[PREFERRED-MANDATORY]                                     	0
[PREFERRED]                                           	2,350
<COMMON STOCK>	                                        6,983
[OTHER-SE]	                                       10,234,728
[TOTAL-LIABILITY-AND-EQUITY]	                     11,636,339
[SALES]	                                             350,669
[TOTAL-REVENUES]	                                    350,669
<CSG>	                                               233,270
[TOTAL-COSTS]	                                       233,270
[OTHER-EXPENSES]	                                    700,881
[LOSS-PROVISION]                                          	0
[INTEREST-EXPENSE]	                                   26,616
[INCOME-PRETAX]	                                    (583,482)
[INCOME-TAX]	                                              0
[INCOME-CONTINUING]	                                (552,625)
[DISCONTINUED]	                                            0
[EXTRAORDINARY]	                                           0
[CHANGES]	                                                 0
[NET-INCOME]	                                       (552,625)
[EPS-PRIMARY]	                                         (0.08)
<EPS-DILUTED)                                             	0
</TABLE>