|OMB APPROVAL                                                                                                                                        
|----------------------------------------------------------------------------------------------------------------------------------------------------
|OMB Number                       3235-0416
Expires                          March 31, 2007
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U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-QSB



AMENDMENT NO. 1



(Mark One)



[ x ]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended:

July 31, 2006



[    ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the transition period from ____ to ____



Commission file number    333-115053



LOGSEARCH, INC.

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



|NEVADA                                                         | 09-0420135                       
|-------------------------------------------------------------- | ---------------------------------
|(State or other jurisdiction of
incorporation or organization) | (IRS Employer
Identification No.)



Suite 2605, 505-6th Street S.W.

Calgary, Alberta, T2P 1X6

(Address of principal executive offices)



Telephone: (403) 689-3901

(Issuers telephone number)



(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



Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes X   No



APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court

Yes  ___  No ___



APPLICABLE ONLY TO CORPORATE ISSUERS



State the number of shares outstanding of each of the issuers classes of common equity, as of the last practicable date:



21,000,000 shares of common stock, $.001 par value, as of September 8, 2006



Transitional Small Business Disclosure Format (check one):

Yes

No  X









PART I FINANCIAL INFORMATION



ITEM 1.  FINANCIAL STATEMENTS



The accompanying unaudited condensed financial statements set forth at the end of the quarterly report, starting on page F-1, have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-QSB and Rule 10-01 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.  In the opinion of management, all adjustments considered necessary for a fair presentation have been included.  Operating results for the nine month periods ended July 31, 2006 and 2005 are not necessarily indicative of the results that may be expected for the year ending October 31, 2005.  For further information refer to the audited financial statements and footnotes thereto included in the Companys Registration Statement Amendment No. 10 on Form SB-2 as filed on January 23, 2006.





---

|LOGSEARCH, INC.                 
|--------------------------------
|(A development stage enterprise)
|Index to Financial Statements   
|(Unaudited)                     

|Balance Sheet:                                     |                  
|-------------------------------------------------- | -----------------
|July
      31, 2006                                | F-2              
|                                                   |                  
|Statements of Operations:                          |                  
|For
      the periods ended July 31, 2006 and 2005 | F-3 and
      F-4
|                                                   |                  
|Statements of Stockholders' Equity:                |                  
|For
      the periods ended July 31, 2006          | F-5              
|                                                   |                  
|Statements of Cash Flows:                          |                  
|For
      the periods ended July 31, 2006 and 2005 | F-6              
|                                                   |                  
|Notes to Financial Statements:                     |                  
|July
      31, 2006                                | F-7              

F-1

---

|LOGSEARCH, INC.                 
|--------------------------------
|(A development stage enterprise)
|Balance Sheet                   
|(Unaudited)                     

|                                                       |   | July 31, |  
|------------------------------------------------------ | - | -------- | -
|                                                       |   | 2006     |  
|ASSETS                                                 |   |          |  
|Current assets:                                        |   |          |  
|Cash                                                   | $ | 15,811   |  
|Total current assets                                   |   | 15,811   |  
|                                                       |   |          |  
|Other assets:                                          |   |          |  
|Deferred registration
      costs                      |   | 20,657   |  
|Total other assets                                     |   | 20,657   |  
|Total assets                                           | $ | 36,468   |  
|                                                       |   |          |  
|                                                       |   |          |  
|LIABILITIES                                            |   |          |  
|Current liabilities:                                   |   |          |  
|Accounts payable and accrued expenses                  | $ | 2,428    |  
|Total current
      liabilities                        |   | 2,428    |  
|                                                       |   |          |  
|STOCKHOLDERS' EQUITY                                   |   |          |  
|Common stock, $.001 par value, 75,000,000 authorized,  |   |          |  
|21,000,000 shares
      issued and outstanding         |   | 21,000   |  
|Capital in excess of par value                         |   | 58,000   |  
|Deficit accumulated during the
      development stage |   | (44,960  | )
|Total stockholders' equity                             |   | 34,040   |  
|Total
      liabilities and stockholders' equity       | $ | 36,468   |  

F-2

The accompanying notes are an integral part of these
statements.

---

|LOGSEARCH, INC.                 
|--------------------------------
|(A development stage enterprise)
|Statements of Operations        
|(Unaudited)                     

|                                                    |   | Cumulative,   |   |   |             |   |   |             |  
|--------------------------------------------------- | - | ------------- | - | - | ----------- | - | - | ----------- | -
|                                                    |   | Inception,    |   |   |             |   |   |             |  
|                                                    |   | March 2, 2004 |   |   | Nine Months |   |   | Nine Months |  
|                                                    |   | Through       |   |   | Ended       |   |   | Ended       |  
|                                                    |   | July 31,      |   |   | July 31,    |   |   | July 31,    |  
|                                                    |   | 2006          |   |   | 2006        |   |   | 2005        |  
|                                                    |   |               |   |   |             |   |   |             |  
|                                                    |   |               |   |   |             |   |   |             |  
|                                                    |   |               |   |   |             |   |   |             |  
|Revenues                                            | $ | -             |   | $ | -           |   | $ | -           |  
|                                                    |   |               |   |   |             |   |   |             |  
|General and administrative expenses:                |   |               |   |   |             |   |   |             |  
|Professional fees                                   |   | 37,736        |   |   | 14,626      |   |   | 14,320      |  
|Other general and administrative
      expenses     |   | 7,738         |   |   | 1,245       |   |   | 911         |  
|Total operating expenses                            |   | 45,474        |   |   | 15,871      |   |   | 15,231      |  
|(Loss) from operations                              |   | (45,474       | ) |   | (15,871     | ) |   | (15,231     | )
|                                                    |   |               |   |   |             |   |   |             |  
|Other income (expense):                             |   |               |   |   |             |   |   |             |  
|Interest income                                     |   | 514           |   |   | 106         |   |   | 202         |  
|(Loss) before taxes                                 |   | (44,960       | ) |   | (15,765     | ) |   | (15,029     | )
|                                                    |   |               |   |   |             |   |   |             |  
|Provision (credit) for taxes on income:             |   | -             |   |   | -           |   |   | -           |  
|Net (loss)                                          | $ | (44,960       | ) | $ | (15,765     | ) | $ | (15,029     | )
|                                                    |   |               |   |   |             |   |   |             |  
|                                                    |   |               |   |   |             |   |   |             |  
|Basic earnings (loss) per common share              |   |               |   | $ | (0.00       | ) | $ | (0.00       | )
|                                                    |   |               |   |   |             |   |   |             |  
|Weighted average number of shares
      outstanding |   |               |   |   | 21,000,000  |   |   | 21,000,000  |  

F-3

The accompanying notes are an integral part of these
statements.

---

|LOGSEARCH, INC.                 
|--------------------------------
|(A development stage enterprise)
|Statements Of Operations        
|(Unaudited)                     

|                                                    |   | Quarter    |   |   | Quarter    |  
|--------------------------------------------------- | - | ---------- | - | - | ---------- | -
|                                                    |   | Ended      |   |   | Ended      |  
|                                                    |   | July 31,   |   |   | July 31,   |  
|                                                    |   | 2006       |   |   | 2005       |  
|                                                    |   |            |   |   |            |  
|                                                    |   |            |   |   |            |  
|                                                    |   |            |   |   |            |  
|Revenues                                            | $ | -          |   | $ | -          |  
|                                                    |   |            |   |   |            |  
|General and administrative expenses:                |   |            |   |   |            |  
|Professional fees                                   |   | 4,057      |   |   | 2,880      |  
|Other general and administrative
      expenses     |   | 696        |   |   | 125        |  
|Total operating expenses                            |   | 4,753      |   |   | 3,005      |  
|(Loss) from operations                              |   | (4,753     | ) |   | (3,005     | )
|                                                    |   |            |   |   |            |  
|Other income (expense):                             |   |            |   |   |            |  
|Interest income                                     |   | 27         |   |   | 56         |  
|(Loss) before taxes                                 |   | (4,726     | ) |   | (2,949     | )
|                                                    |   |            |   |   |            |  
|Provision (credit) for taxes on income:             |   | -          |   |   | -          |  
|Net (loss)                                          | $ | (4,726     | ) | $ | (2,949     | )
|                                                    |   |            |   |   |            |  
|                                                    |   |            |   |   |            |  
|Basic earnings (loss) per common share              | $ | (0.00      | ) | $ | (0.00      | )
|                                                    |   |            |   |   |            |  
|Weighted average number of shares
      outstanding |   | 21,000,000 |   |   | 21,000,000 |  

F-4

The accompanying notes are an integral part of these
statements.

---

|LOGSEARCH, INC.                   
|----------------------------------
|(A development stage enterprise)  
|Statements of Stockholders' Equity
|(Unaudited)                       

|                                    |  |              |  |   |           |  |   |             |  |   | (Deficit)   |   |   |         |  
|----------------------------------- |  | ------------ |  | - | --------- |  | - | ----------- |  | - | ----------- | - | - | ------- | -
|                                    |  |              |  |   |           |  |   |             |  |   | Accumulated |   |   |         |  
|                                    |  |              |  |   |           |  |   | Capital in  |  |   | During the  |   |   |         |  
|                                    |  | Common Stock |  |   | Excess of |  |   | Development |  |   |             |  
|                                    |  | Shares       |  |   | Amount    |  |   | Par Value   |  |   | Stage       |   |   | Total   |  
|                                    |  |              |  |   |           |  |   |             |  |   |             |   |   |         |  
|Inception, March 2, 2004            |  | -            |  | $ | -         |  | $ | -           |  | $ | -           |   | $ | -       |  
|Shares issued for cash              |  | 21,000,000   |  |   | 21,000    |  |   | 58,000      |  |   |             |   |   | 79,000  |  
|Development stage net income (loss) |  |              |  |   |           |  |   |             |  |   | (11,527     | ) |   | (11,527 | )
|Balances, October 31, 2004          |  | 21,000,000   |  | $ | 21,000    |  | $ | 58,000      |  | $ | (11,527     | ) | $ | 67,473  |  
|                                    |  |              |  |   |           |  |   |             |  |   |             |   |   |         |  
|Development stage net income (loss) |  |              |  |   |           |  |   |             |  |   | (17,668     | ) |   | (17,668 | )
|Balances, October 31, 2005          |  | 21,000,000   |  | $ | 21,000    |  | $ | 58,000      |  | $ | (29,195     | ) | $ | 49,805  |  
|                                    |  |              |  |   |           |  |   |             |  |   |             |   |   |         |  
|Development stage net income (loss) |  |              |  |   |           |  |   |             |  |   | (15,765     | ) |   | (15,765 | )
|Balances, July 31, 2006             |  | 21,000,000   |  | $ | 21,000    |  | $ | 58,000      |  | $ | (44,960     | ) | $ | 34,040  |  

F-5

The accompanying notes are an integral part of these
statements.

---

|LOGSEARCH, INC.                 
|--------------------------------
|(A development stage enterprise)
|Statements of Cash Flows        
|(Unaudited)                     

|                                                 |   | Cumulative    |   |   |             |   |   |             |  
|------------------------------------------------ | - | ------------- | - | - | ----------- | - | - | ----------- | -
|                                                 |   | Inception,    |   |   |             |   |   |             |  
|                                                 |   | March 2, 2004 |   |   | Nine Months |   |   | Nine Months |  
|                                                 |   | Through       |   |   | Ended       |   |   | Ended       |  
|                                                 |   | July 31,      |   |   | July 31,    |   |   | July 31,    |  
|                                                 |   | 2006          |   |   | 2006        |   |   | 2005        |  
|Cash flows from operating activities:            |   |               |   |   |             |   |   |             |  
|Net (loss)                                       | $ | (44,960       | ) | $ | (15,765     | ) | $ | (15,029     | )
|Adjustments to reconcile net (loss) to cash      |   |               |   |   |             |   |   |             |  
|provided (used) by
      operating activities:   |   |               |   |   |             |   |   |             |  
|Changes in current assets and
      liabilities: |   |               |   |   |             |   |   |             |  
|Accounts payable
      and accrued expenses      |   | 2,428         |   |   | (37         | ) |   | 724         |  
|Net cash flows from operating
      activities   |   | (42,532       | ) |   | (15,802     | ) |   | (14,305     | )
|                                                 |   |               |   |   |             |   |   |             |  
|Cash flows from investing activities             |   | -             |   |   | -           |   |   | -           |  
|                                                 |   |               |   |   |             |   |   |             |  
|Cash flows from financing activities:            |   |               |   |   |             |   |   |             |  
|Proceeds from sale of common stock               |   | 79,000        |   |   | -           |   |   | -           |  
|Increase in deferred registration costs          |   | (20,657       | ) |   | (1,419      | ) |   | (1,238      | )
|Net cash flows
      from financing activities   |   | 58,343        |   |   | (1,419      | ) |   | (1,238      | )
|Net cash flows                                   |   | 15,811        |   |   | (17,221     | ) |   | (15,543     | )
|                                                 |   |               |   |   |             |   |   |             |  
|Cash and equivalents, beginning of period        |   | -             |   |   | 33,032      |   |   | 51,836      |  
|Cash and equivalents, end of period              | $ | 15,811        |   | $ | 15,811      |   | $ | 36,293      |  
|                                                 |   |               |   |   |             |   |   |             |  
|Supplemental cash flow disclosures:              |   |               |   |   |             |   |   |             |  
|Cash paid for interest                           | $ | -             |   | $ | -           |   | $ | -           |  
|Cash paid for income taxes                       |   | -             |   |   | -           |   |   | -           |  

F-6

The accompanying notes are an integral part of these
statements.

---

|LOGSEARCH, INC.                 
|--------------------------------
|(A development stage enterprise)
|Notes to Financial Statements   
|July 31, 2006                   
|(Unaudited)                     

The accompanying unaudited interim financial statements include
all adjustments, which in the opinion of management, are necessary in order to
make the accompanying financial statements not misleading, and are of a normal
recurring nature. However, the accompanying unaudited financial statements do
not include all of the information and footnotes necessary for a complete
presentation of financial position, results of operations, cash flows and
stockholders equity in conformity with generally accepted accounting
principles. Except as disclosed herein, there has been no material change in the
information disclosed in the notes to the financial statements included in our
annual financial statements for the period ended October 31, 2005 included in
Form SB-2. Operating results for the periods ended July 31, 2006, are not
necessarily indicative of the results that can be expected for the fiscal year
ending October 31, 2006.

Note 1  Future operations:

At July 31, 2006, operations have been minimized
during the traditionally slow spring/summer season in the oil & gas business.
The well log search software, to which we have the exclusive
US marketing rights and which is our main
asset, is used for geological lead generation in advance of oil & gas prospect
determination and these activities usually take place in the fall/winter
budget/drilling season.  Additionally, the Company believes it is in the
shareholders' best interests to conserve cash until the lengthy OTC Bulletin
Board quotation process is complete. Once the OTC Bulletin Board quotation
process is complete and we enter the active prospect generation season, we
intend to accelerate our business operations. Until then, we expect to incur
development stage operating losses and to rely on our officers and directors to
perform essential functions without compensation until the business operation
can be accelerated. Management believes we have sufficient capital to implement
our business plan and to complete a stock offering, and thus will continue as a
going concern during this period while the plans are implemented

Note 2 - Federal income tax:

We follow Statement of Financial Accounting Standards Number
109 (SFAS 109), Accounting for Income Taxes. Deferred income taxes
reflect the net effect of (a) temporary difference between carrying amounts of
assets and liabilities for financial purposes and the amounts used for income
tax reporting purposes, and (b) net operating loss carryforwards. No net
provision for refundable Federal income tax has been made in the accompanying
statement of loss because no recoverable taxes were paid previously. Similarly,
no deferred tax asset attributable to the net operating loss carryforward has
been recognized, as it is not deemed likely to be realized.

The provision for refundable Federal income tax consists of the
following:

|                                               |   | Nine Months |   |   | Nine Months |  
|---------------------------------------------- | - | ----------- | - | - | ----------- | -
|                                               |   | Ended       |   |   | Ended       |  
|                                               |   | July 31,    |   |   | July 31,    |  
|                                               |   | 2006        |   |   | 2005        |  
|Refundable Federal income tax attributable to: |   |             |   |   |             |  
|Current operations                             | $ | (5,400      | ) | $ | (5,000      | )
|Less, Change in valuation allowance            |   | 5,400       |   |   | 5,000       |  
|Net refundable amount                          | $ | -           |   | $ | -           |  

The cumulative tax effect at the expected rate of 34% of
significant items comprising our net deferred tax amount as of July 31, 2006 is
as follows:

F-7

---

|LOGSEARCH, INC.                 
|--------------------------------
|(A development stage enterprise)
|Notes to Financial Statements   
|July 31, 2006                   
|(Unaudited)                     

|                                    |   | Nine Months |   |   | Nine Months |  
|----------------------------------- | - | ----------- | - | - | ----------- | -
|                                    |   | Ended       |   |   | Ended       |  
|                                    |   | July 31,    |   |   | July 31,    |  
|                                    |   | 2006        |   |   | 2006        |  
|Deferred tax asset attributable to: |   |             |   |   |             |  
|Net operating loss carryover        | $ | 15,300      |   | $ | 8,900       |  
|Less, Valuation allowance           |   | (15,300     | ) |   | (8,900      | )
|Net
      refundable amount         | $ | -           |   | $ | -           |  

At July 31, 2006, we had an unused net operating loss carryover
approximating $44,900 that is available to offset future taxable income; it
expires beginning in 2024.

Note 3  Issuance of shares:

As of July 31, 2006, the Company had issued shares of its $.001
par value common stock as follows:

|         |                        |            | Price Per |        
|-------- | ---------------------- | ---------- | --------- | -------
|Date     | Description            | Shares     | Share     | Amount 
|         |                        |            |           |        
|03/02/04 | Shares issued for cash | 21,000,000 | $.00376   | $79,000
|         | Cumulative Totals      | 21,000,000 |           | $79,000

We sold 4,000,000 of the 21,000,000 shares for $59,000 in cash
to Puroil Technology, Inc., and also issued 4,000,000 warrants in connection
therewith. The warrants became effective on February 3, 2006, concurrent with
the effective date of the Form SB-2 that we filed with the Securities and
Exchange Commission, and expire February 3, 2007. They allow the holder to
purchase 1 share of common stock for each 2 warrants tendered, at a price of
$0.10 per share. At the time of issuance, the warrants did not have any value,
as computed using the Black-Scholes pricing model. Accordingly, no value was
assigned to them in the accompanying financial statements. Puroil Technology,
Inc. is controlled by our President.

We originally sold 17,000,000 of the 21,000,000 shares for
$20,000 in cash to Unitech Energy Corporation, and received a license to market
the LeadScan database management and analysis system (without the database) in
the United States of America. By virtue of this purchase, Unitech owned
approximately 80% of our outstanding shares. Unitech subsequently sold its
shares to our President, James Durward on October 27, 2005. Mr. Durward owns
approximately 40% of Unitechs shares. As described in Note 1 to our October 31,
2005 financial statements, no value was assigned to the license.

F-8

---







ITEM 2.  MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATION OPERATIONS



Plan of Operation



LogSearch has been in the development stage since its formation on March 2, 2004. LogSearch plans to market software pursuant to a Commercialization Agreement with Unitech Energy Corp. for the United States market. The Commercialization Agreement covers a database management and analysis system known as Leadscan ("LeadScan").   The LeadScan system is currently being used by its developer and owner, Unitech, to locate oil and gas in the Western Canadian Sedimentary Basin.



Recent increases in oil and gas prices have kept the oil and gas software market very active, and we believe, based on our subjective observations of the U.S. oil and gas market, that exploration and production companies in the U.S. may, in the near future, become increasingly dependent on third-party technology and information services to support their ongoing exploration activities. We believe, based on our subjective observations of the U.S. oil and gas market, that the recent increased oil and gas industry profitability in the U.S., propelled by recent increases in oil and gas prices, may be creating a corresponding emphasis on operational efficiency and we believe that this may create a continuing demand for efficiency-based software, such as LeadScan.



LogSearch has minimized its expenditures during the traditionally slow spring/summer season in the oil&gas industry. The Companys well log search software is used to generate geological leads that are used as the basis for prospect generation and prospect activities generally take place during the fall/winter budget and drilling season. The Company also chooses to minimize its expenditures as it waits quotation on the OTC Bulletin Board. LogSearch has purposely minimized its expenses during this quotation process as the quotation process is long and the ultimate time frame is unknown and the Company believes that it is in the shareholders best interests to conserve cash during the process. The Company plans to continue to operate under very tight cash control until such time as an OTC Bulletin Board quotation is achieved as the Company believes that it may be impossible to raise additional financing during the quotation achievement process and, although the Company does not believe it requires additional capital at this time, it wants the financing option open to it should the need arise. During this process, the Company believes that its expenses will be less than $500 monthly.



LogSearch's activities during the development stage have included corporate formation, stock issuance, and work on development of operating plans for the commercialization of the LeadScan software system in the United States. LogSearch maintains a web site at http://142.59.159.130/laszip/logsearch. The Company plans to pursue a growth by channel sales model, which is a common computer software industry practice of using specialized software marketing firms that sell and support software written or offered by third parties. As of the date hereof, the Company has not contacted any channel sales companies to assist in the marketing of the LeadScan system and no revenue producing activities have yet commenced. The Company HAS contacted potential sales channels but only in an information gathering capacity to help determine the factors that are the basis for the determination of sales revenue splits between a provider and the sales channel. Management believes that the marketing approach needs to be directly to the end-user to establish as small base of users in order to demonstrate to the potential channel distributors that distribution of the software may present a profitable business opportunity to them. As such, the planned magazine advertising plan that was set out in the prior quarterly filing has been cancelled and a direct Beta program has been developed whereby a small number of users (i.e. between 10 and 15) will be offered the software for free in order to achieve initial penetration and feedback. Management believes that this type of marketing will be more cost effective and will allow the Company to achieve a better sale price split ratio with any channel distribution partner.



LogSearch intends to enter into licensing agreements with U.S. oil and gas companies. The initial terms of these proposed license agreements are not known at this time and will not be known until after the Beta program has been completed. LogSearch does not intend to offer consulting services to its potential customers.



2



A market study was conducted during March and April, 2006 and is ongoing. This market study was/is conducted by our President, using telephonic and Internet means, and has determined a number of potential purchasers of our system. Potential distributors are to be identified in a second study as set out below. Estimated cost for this survey is $1,000 and funds will come from our current cash balance.



The ongoing study anticipates personal contact is planned with potential customers. This market study is planned to be comprised of telephone interviews with multiple potential oil and gas company buyers, who will be located via Internet and industry magazine searches. The nature of the study is to determine the general level of interest in the product, desired product features, the level of well log data available to be analyzed by LeadScan at any particular company, and pricing resistance points. The study will also comprise the location and canvassing of potential distributors for LeadScan. Management has determined that this study needs to take place as part of the Beta marketing plan and that it needs to take place in the fall/winter buidget/drilling season which is the traditionally active part of the year for this type of software. Management will conduct this marketing program at no cost to the company other than telephone bills, expected to be less than $500 per month. The software will be downloaded to the Beta user via the internet. The Beta marketing phase is expected to take approximately 3 to 6 months to generate paying customers.



Establishment of pricing models and potential channel distribution partners is planned during the Beta marketing program as set out above.



LeadScan could be sold on a "seat" basis where each user is billed monthly or annually for access to LeadScan or on a "site" basis where the oil and gas company pays a single annual fee for an unlimited number of users of LeadScan. Based on research to date, the Company feels that the software could be sold for between $5000 and $100,000 for a site license or $900 for a seat (single user) license. Annual maintenance fees could be approximately 20% of the initial sales price. In the case of a channel distribution partner's involvement, the difference is that the channel distribution partner would take a percentage of whatever fees are generated by the sale of LeadScan. We do not know at this time what pricing models and channel distribution costs will be acceptable and the main reason for the Beta marketing program is to determine this.



Once the Beta program has achieved initial penetration, the Company will pursue potential channel distributors for further market penetration. The Company cannot accurately predict the timing of this desired arrangement.



Currently, LogSearch is pursuing arrangements for the quotation of its securities on the OTC/Bulletin Board, the establishment of its stated business operations, and marketing of the LeadScan system. There can be no assurance we will achieve these objectives, or any one of them.



If these objectives are met, then LogSearch expects to be able to generate revenues and operate profitably without raising further equity. There can be no assurance we will achieve these objectives, or any one of them.



We believe LogSearch has sufficient cash resources to operate at the present level of operations and expenditures for the next twelve (12) months. Our general operating costs are expected to be less than $1,000 monthly and are not expected to exceed this level within the next 12 months. We expect to be able to generate some revenues during the next twelve months as we complete out marketing studies and advertising and sales programs.   We cannot at this time determine what those revenues may be.  Depending upon a variety of factors that may affect our business plan and proposed operations, we may seek additional capital in the future, either through debt, equity or a combination of both. LogSearch may also need to raise additional capital in the case where LogSearch desires to acquire another company and the other company's shareholders demand cash for their shares. While LogSearch management will always consider merger and acquisition candidates to grow LogSearch for the benefit of its shareholders, there are currently no merger and acquisition candidates known to LogSearch management and there are no plans to merge with or acquire any other business in the foreseeable future. Our business plan is not specifically to engage in a merger or acquisition with another company but it is possible that LogSearch may combine with another company.



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We do not expect to undertake any research and development for the next twelve months of operations.



We do not have any plans to purchase or sell any plants or significant equipment over the next twelve months of operations.



We do not presently have any plans to hire any employees over the next twelve months of operations.. LogSearch plans to operate using contract employees rather than salaried employees so that overhead is kept to a minimum during the start-up stage of LogSearch. Contract employees are paid no pension or dental benefits and no filings, such as employment insurance and tax deductions needs to be made to the government on their behalf. As of the date of this report, LogSearch operations are carried out by two part-time employees, its President and Director James Durward, and Daryl Cozac, the other LogSearch Director. There are no full-time employees. There has been no salary or compensation paid or accrued and there are no plans to pay or accrue any compensation until such time as LogSearch has sufficient capital and/or revenues to do so, of which there is no assurance. Mr. Durward performs similar functions at Unitech and is paid by Unitech in his capacity with that company. The market studies, channel negotiations, and financing/acquisition activities are to be performed by Mr. Durward. LogSearch plans to hire a part time office manager as cash becomes available to do so, of which there is no assurance. All other activities are carried out by the officers and directors who currently provide, and will continue to provide their services for no compensation until such time as LogSearch can afford to pay for their services, of which there is no assurance. There is no compensation accrual or back pay allowance, and none is contemplated in the future.



Off Balance Sheet Arrangements



The Company presently does not have any off-balance sheet arrangements.



ITEM 3.  CONTROLS AND PROCEDURES



We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the United States Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our President and acting Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.



We carried out an evaluation, under the supervision and with the participation of our management, including our President and acting Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Exchange Act Rule 13a-14 as of the end of period covered by this report.  Based upon the foregoing, our President and our acting Chief Financial Officer concluded that our disclosure controls and procedures are effective.



There were no changes in our internal control over financial reporting identified in connection with the evaluation referred to in the immediately preceding paragraph that occurred during our last fiscal quarter that has materially affected or is reasonably likely to materially affect, our internal control over financial reporting.



PART II  OTHER INFORMATION



ITEM 1.

LEGAL PROCEEDINGS



Not applicable



ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.



Not applicable





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The following information is an itemization of all expenses incurred in relation to the offering from the effective date of the registration statement:



|Expense                                 | Amount of Expense | Direct or indirect payments to Directors, Officers, Affiliates or Persons Holding more than 10% of the shares of LogSearch, Inc. | Direct or Indirect Payments to others
|--------------------------------------- | ----------------- | -------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------
|Professional Fees                       | $20,657.00        | $0.00                                                                                                                            | $20,657.00                           
|Other General & Administrative Expenses | $   0.00          | $0.00                                                                                                                            | $0.00                                



There were no direct or indirect payments to Directors, Officers, Affiliated or Persons Holding more than 10% of the shares of LogSearch, Inc.



There are no net proceeds to LogSearch, Inc. from the distribution under the registration statement as at July 31, 2006.



ITEM 3.

DEFAULTS UPON SENIOR SECURITIES



Not applicable



ITEM 4.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS



Not applicable



ITEM 5.

OTHER INFORMATION



Not applicable



ITEM 6.

EXHIBITS AND REPORTS ON FORM 8-K



|EXHIBIT NUMBER | EXHIBIT                                                      | REFERENCE                                                                                                                                           
|-------------- | ------------------------------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------
|3.1            | Articles of Incorporation                                    | Incorporated by reference to the Exhibits filed with LogSearchs registration statement on Form SB-2 filed on April 30, 2004                        
|3.2            | Bylaws                                                       | Incorporated by reference to the Exhibits filed with LogSearchs registration statement on Form SB-2 filed on April 30, 2004                        
|4.1            | Instrument Defining the Right of Holders Share Certificate   | Incorporated by reference to the Exhibits filed with LogSearchs registration statement on Form SB-2 filed on April 30, 2004                        
|4.1            | Instrument Defining the Right of Holders Warrant Certificate | Incorporated by reference to the Exhibits filed with LogSearchs registration statement on Form SB-2 filed on April 30, 2004                        
|10.1           | Commercialization Agreement                                  | Incorporated by reference to the Exhibits filed with LogSearchs Amendment No. 4 to its registration statement on Form SB-2 filed on August 18, 2005

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|31 | Section 302 Certification- Chief Executive Officer                                                                    | Filed herewith
|-- | --------------------------------------------------------------------------------------------------------------------- | --------------
|32 | Certification Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | Filed herewith



SIGNATURES

In accordance with the requirements of the Exchange Act, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



LOGSEARCH, INC.





Date: October 6, 2006



By: /s/ James Durward

Name:  James Durward

Title:   President, CFO, Treasurer, Chief Accounting Officer and Director



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