EXHIBIT  31.02
                                 CERTIFICATIONS

I,  Kent  E.  Lovelace,  Jr.,  certify  that:

     1.     I have reviewed this quarterly report on Form 10-Q of Colony Energy,
Inc.;

2.     Based  on my knowledge, this report does not contain any untrue statement
of  a  material  fact  or  omit  to  state a material fact necessary to make the
statements  made, in light of the circumstances under which such statements were
made,  not  misleading  with  respect  to  the  period  covered  by this report;

3.     Based  on  my  knowledge,  the  financial statements, and other financial
information included in this report, fairly present in all material respects the
financial  condition, results of operations and cash flows of the company as of,
and  for,  the  periods  presented  in  this  report;

4.     The  company's  other  certifying  officer  and  I  are  responsible  for
establishing  and  maintaining disclosure controls and procedures (as defined in
Exchange  Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial
reporting  (as  defined  in  Exchange Act Rules 13a-15(f) and 15d-15(f)) for the
company  and  have:

(a)  Designed such disclosure controls and procedures, or caused such disclosure
controls  and  procedures  to  be designed under our supervision, to ensure that
material  information  relating  to  the  company,  including  its  consolidated
subsidiaries,  is made known to us by others within those entities, particularly
during  the  period  in  which  this  report  is  being  prepared;

(b)  Designed  such  internal  control  over financial reporting, or caused such
internal  control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial reporting
and  the preparation of financial statements for external purposes in accordance
with  generally  accepted  accounting  principles;

(c)  Evaluated  the  effectiveness  of  the  company's  disclosure  controls and
procedures  and presented in this report our conclusions about the effectiveness
of  the  disclosure controls and procedures, as of the end of the period covered
by  this  report  based  on  such  evaluation;  and

(d)  Disclosed in this report any change in the company's internal controls over
financial  reporting  that  occurred  during  the  company's  most recent fiscal
quarter  (the  company's  fourth fiscal quarter in the case of an annual report)
that  has materially affected, or is reasonably likely to materially affect, the
company's  internal  controls  over  financial  reporting;  and

     5.     The  company's  other  certifying  officer(s)  and I have disclosed,
based  on  our  most  recent  evaluation  of  internal  controls  over financial
reporting,  to  the  company's auditors and the audit committee of the company's
Board  of  Directors  (or  persons  performing  the  equivalent  functions):

(a)  All  significant  deficiencies  and  material  weaknesses  in the design or
operation  of  internal  controls  over financial reporting which are reasonably
likely  to  adversely affect the company's ability to record, process, summarize
and  report  financial  information;  and

(b)  Any  fraud,  whether  or  not  material,  that involves management or other
employees  who  have  a significant role in the company's internal controls over
financial  reporting.

Date  November  18,  2008

                                                  /s/  Kent  E.  Lovelace,  Jr.
                                                  ------------------------
                                                  Kent  E.  Lovelace,  Jr.,
                                                  Chief  Financial  Officer