SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB
(Mark One)

(X)   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

For the Fiscal Year Ended December 31, 1999
                                       OR
( )   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

Commission File No. 0-27609

                         MONET ENTERTAINMENT GROUP, LTD.
                 (Name of Small Business Issuer in its charter)

                  Colorado                                 84-1391993
         (State of incorporation)                        (IRS Employer
                                                       Identification No.)
    222 Milwaukee Street, Suite 304
             Denver, Colorado                              80206
    (Address of Principal Executive Office)              Zip Code

Registrant's telephone number, including Area Code: (303) 329-3479

Securities registered pursuant to Section 12(b) of the Act:  None

Securities registered pursuant to Section 12(g) of the Act:

                                  Common Stock
                                (Title of Class)

Check whether the Registrant  (1) has filed all reports  required to be filed by
Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 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.
                                       X
                                     YES NO

Check if disclosure  of delinquent  filers in response to Item 405 of Regulation
S-B is not contained in this form, and no disclosure  will be contained,  to the
best  of  the  Registrant's   knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part III of this Form  10-KSB or any
amendment to this Form 10-KSB. [X]

The Company's revenues for the most recent fiscal year were $ -0- .

The  aggregate  market value of the voting stock held by  non-affiliates  of the
Company on March 20, 2000 was $0.00.

As of March 20, 2000 the Company had 5,000,000 issued and outstanding  shares of
common stock.

<PAGE>


ITEM 1. DESCRIPTION OF BUSINESS Monet Entertainment Group, Ltd., (the "Company")
was  formed in 1996 in order to finance  the  production  of low budget  feature
length motion pictures and a variety of other  entertainment  projects including
documentaries,  video recordings and musical recordings.  Many small independent
producers are financially  unsophisticated and have little experience in raising
the  capital  required  to produce  their  projects.  As a result,  the  Company
believes that there is an  opportunity  to provide  financing for projects which
have a production  budget of between $50,000 and  $1,000,000.  The Company is of
the opinion that there is virtually no organized  competition  for  financing of
this nature.

      The Company's offices are located at 222 Milwaukee St., Suite 304, Denver,
Colorado 80206. The Company's telephone number is (303) 329-3479.


The financing to be provided by the Company will typically be in the form of one
or more of the following:

1.    Direct loans
2.    Equity participations
3.    Project completion bonds

      In the case of direct  loans,  the interest  rate will normally be five to
seven  percentage  points above the then prevailing  prime lending rate, plus an
origination fee which will normally not exceed 3% of the amount of the loan. The
loans will generally have a maturity of two years or less.  Direct loans will be
secured by the specific project being financed,  the personal  guarantees of the
producer  and/or  others  involved  in the  project  and in some  cases by other
collateral.

      Equity  participation  will  involve an  investment  in the  entertainment
project in return for a  percentage  of any profits  earned from the  commercial
exploitation of the project.

      A  completion  bond  will be the  financial  guaranty  of the  Company  to
complete  production of the project in the event that the production exceeds its
budget and additional capital is unavailable.  The Company plans to reinsure any
bonds which its issues with insurers of sufficient financial resources such that
the Company will never be fully at risk for any capital which may be required if
the Company is called upon to pay the bond. In the  alternative,  the production
entity may be asked to pledge sufficient collateral to cover the bonded guaranty
such that the  Company  will be fully  covered in the event there is any call on
the bond. The Company  believes that its proposed  completion  bond program will
assist small independent producers in obtaining financing for their projects and
will be unique in the industry.  The Company will charge the producer  receiving
the bond a fee, which will normally be in the range of 3% to 5% of the amount of
the bond, for providing the completion bond.



<PAGE>


      In addition  to direct  funding  from the  Company or a Company  sponsored
joint  venture,  the Company also plans to provide small  independent  producers
with assistance in raising financing for entertainment  projects with production
budgets in the range of $50,000 to $1,000,000.  The Company intends to introduce
independent  producers  to persons  willing to fund  entertainment  projects and
prepare,  or supervise the preparation of, all documentation  required to obtain
such financing.

      The  Company  may  also  assist   small   independent   producers  in  the
distribution of low budget motion pictures.  In addition to standard  theatrical
release, other distribution channels which the Company will pursue include video
cassette, video disc, DVD technology, airline syndication and foreign television
syndication. Depending upon the nature and commercial appeal of the project, the
Company may also  license the sound track to a motion  picture and the rights to
market  merchandise based upon the film. If the Company can obtain  distribution
agreements for a motion picture and/or  licensing  agreements  pertaining to the
commercial  exploitation of ancillary  rights to the film, the Company is of the
opinion that obtaining production financing will be less difficult.

      In 1996 Stephen Replin, an officer,  director and principal shareholder of
the Company,  purchased a 25% interest in a feature-length  motion picture (then
in  production)  for $25,000.  In 1996 Mr. Replin  conveyed a 5% interest in the
film (20% of Mr.  Replin's  interest) to the Company in exchange  for  2,295,000
shares of the  Company's  common  stock.  The film in which the Company has a 5%
interest was completed in 1998 and its producer is presently  attempting to sell
the film to a  distributor.  If a sale is completed it is not expected  that the
Company or the other  owners of the film will retain any rights in the  profits,
if any, resulting from the distribution of the film.

      At the present time, the Company is in the  development  stage and has not
earned any revenues from its proposed operations.

      Before the Company can begin operations, the Company will need to raise at
least  $250,000  so that the  Company  will be in a  position  to begin  funding
entertainment projects and/or issuing completion bonds. The Company will attempt
to raise this capital through:

      1.    The private sale of its debt and/or equity securities.

      2.    Borrowings from private lenders.

      3.    Joint ventures which will be formed by the Company and third parties
            for the purpose of funding one or more entertainment projects.

      The Company does not have any  commitments  from any person to provide any
capital to either the  Company or to any  producer  of motion  pictures or other
form of entertainment.  The Company does not have any agreements with any motion

<PAGE>

picture  producer or producer  of other  forms of  entertainment  to finance the
production  of any  entertainment  project.  There can be no assurance  that the
Company  will be  successful  in terms  of  raising  any  capital,  funding  any
entertainment projects, or earning any profits.

Employees and Offices

      As of March 20, 2000, the Company did not have any full time employees.

     The Company's  offices are located at 222 Milwaukee St., Suite 304, Denver,
CO 80206 and its telephone number is (303) 329-3479.

ITEM 2.  DESCRIPTION OF PROPERTIES

See Item 1 of this report.

ITEM 3.  LEGAL PROCEEDINGS.

      The Company is not party to any pending legal proceeding nor is any of its
property the subject of any pending legal  proceeding.  The Company is not aware
of any proceeding that a governmental authority is contemplating.

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

      Not Applicable

ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

      As of March 20, 2000, there were approximately  1,300 beneficial owners of
the Company's common stock. The Company's common stock is not publicly traded.

Common Stock

      The Company is authorized to issue 25,000,000  shares of common stock (the
"Common Stock").  Holders of Common Stock are entitled to cast one vote for each
share held of record of all matters presented to shareholders. Cumulative voting
is not allowed, which allows the holders of a majority of the outstanding Common
Stock to elect all directors.

      Holders of Common Stock are  entitled to receive such  dividends as may be
declared  by the  Board of  Directors  out of funds  legally  available  for the
payment of dividends and, in the event of liquidation,  to share pro rata in any
distribution of the Company's  assets after payment of liabilities.  The Company
has never declared a dividend and it is not  anticipated  that dividends will be
paid in the foreseeable future.


<PAGE>

      Holders of Common  Stock do not have  preemptive  rights to  subscribe  to
additional shares issued by the Company. All of the outstanding shares of Common
Stock are fully paid and non-assessable.

Preferred Stock

      The Company is authorized  to issue up to  25,000,000  shares of preferred
stock.  The  Company's  Articles  of  Incorporation  provide  that the  Board of
Directors has the authority to issue the Preferred Stock from time to time, with
such  designations,   preferences,   conversion  rights,  cumulative,  relative,
participating,  optional  or  other  rights,  qualifications,   limitations,  or
restrictions  thereof as they  determine,  within the  limitations  provided  by
Colorado statute.

ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

      See Item 1 of this Report.

ITEM 7.   FINANCIAL STATEMENTS

      See the financial statements attached to this report.

ITEM 8.   CHANGES  IN AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON  ACCOUNTING AND
          FINANCIAL DISCLOSURE

      Not applicable.

ITEM 9.   DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS AND CONTROL PERSONS,
          COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

         Name                 Age                  Position

         Stephen D. Replin    52          President and a Director

         Raven Printz         58          Executive Vice-President and Secretary

      Directors are elected at each annual general meeting and serve until their
successors  have been elected.  Officers are appointed by the board of directors
and serve at the pleasure of the board.

      Stephen D.  Replin has been an officer and  director of the Company  since
its  inception in  September  1996.  From October 1988 through the present,  Mr.
Replin has served as the President of Regatta Capital,  Ltd. Mr. Replin has been
an asset-based lender in the state of Colorado since 1977. Mr. Replin received a
Bachelor of Science Degree in accounting from the University of Colorado in June
1969 and a Masters Degree in Business Administration, with distinction, from the

<PAGE>

New York  University  Graduate  School of  Business  in June 1971,  majoring  in
corporate  finance and investments.  Mr. Replin received his law degree from the
University  of Denver  College of Law in June  1976,  and a Master of Law Degree
(LL.M) in taxation from the New York University  School of Law in June 1977. Mr.
Replin is a certified public accountant, licensed in the state of Colorado.

    Raven Printz has been an officer of the Company since  January  1999.  Since
July 1996 Ms.  Printz has been the  President  of Cherry  Creek  Film,  Inc.,  a
corporation engaged in the development of independent full length feature films.
Cherry  Creek Film also  provides  consulting  services  to the  motion  picture
industry and sponsors  instructional  seminars in the fields of  filmmaking  and
screen  writing.  For the past  twenty-three  years Ms. Printz has been involved
with  over  twenty  full  length  feature  films or  documentaries  as  either a
producer,   co-producer,   writer,  director,  technical  director,   production
assistant, casting director, talent assistant, or consultant.

ITEM 10.  EXECUTIVE COMPENSATION

      The  following  table  on  discloses  all  compensation  received  by  the
Company's  President (the Company's  Chief  Executive  Officer) during the three
years  ending  December  31, 1999.  During this  three-year  period no executive
officer  received annual salary and bonus payments from the Company in excess of
$100,000.

<TABLE>
<S>                <C>   <C>   <C>      <C>        <C>         <C>         <C>      <C>

                      Annual Compensation      Long Term Compensation
                                       Other                Securities              All
Name and                              Annual    Restricted  Underlying             Other
Principal                             Compen-     Stock       Options/    LTIP    Compen-
Position          Year  Salary Bonus  sation    Awards        SARs      Payouts   sation

Stephen Replin,   1999     -     -       -         -            -          -         -
President         1998     -     -       -         -            -          -         -
                  1997     -     -       -         -            -          -         -
</TABLE>


      The following  table shows the amount which the Company expects to pay its
executive  officers  during the year ending December 31, 2000 and the time which
the Company's executive officers plan to devote to the Company's business.

                                 Proposed        Time to be Devoted to
Name                          Compensation      the Company's Business

Stephen D. Replin                $5,000                  10%
Raven Printz (1)                $25,000                  50%

(1)  It is not expected that Ms. Printz will devote any substantial time to the
     Company's  business  until the  Company  raises  approximately  $250,000 in
     capital.


<PAGE>



ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

     The following  table shows the  ownership of the Company's  common stock by
the  Company's  officers and directors and by those persons known by the Company
to be the beneficial  owners of more than 5% of the Company's common stock as of
March 20, 2000. Unless otherwise indicated all shares are owned of record.

                                                                    Percent of
   Name and Address                   Shares Owned                    Class

   Stephen D. Replin                  3,870,000 (1)                  77.4%
   222 Milwaukee St.
   Suite 304
   Denver, CO  80206

   Raven Printz                          75,000                        1.5
   222 Milwaukee St.
   Suite 304
   Denver, CO  80206

   Chester Cedars
   222 Milwaukee St.                    450,000                       9.0%
   Suite 304
   Denver, CO 80206

   Laurie Rhoades
   222 Milwaukee St.                    450,000                       9.0%
   Suite 304
   Denver, CO 80206

   All Officers and Directors as
   a Group (2 persons)                3,945,000                      78.9%

(1) Includes shares owned by various business entities controlled by Mr. Replin.

    There are no  arrangements  known to the  Company  which  may  result in a
change in control of the Company.

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

      Since  September  1996 Regatta  Capital,  Ltd. has provided  office space,
furniture, and office equipment to the Company. Regatta Capital is controlled by
Stephen Replin, an officer and director of the Company.  As of December 31, 1999

<PAGE>

Regatta  Capital had not  charged  the Company for rent or any related  costs or
expenses.  It is not expected  that Regatta  Capital will charge the Company for
rent or other services until the Company begins to generate revenues.

ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits

      Number        Exhibit                                         Page Number

        3      Articles and Bylaws                                      (1)

        4      Instruments Defining the Rights of Security Holders      (2)

       10   Material Contracts                                         None

       27    Financial Data Schedule                                   _____

     (1)   Incorporated  by  reference,  and as same exhibit  number,  from the
           Company's  Registration  Statement  on Form 10-SB  (Commission  File
           Number 0-27609).

     (2)   Included as part of Exhibit 3.

(b)  The Company did not file any reports on Form 8-K during the quarter  ending
     December 31, 1999.

<PAGE>






                              FINANCIAL STATEMENTS




<PAGE>



                              Story & Company, P.C.
                          Certified Public Accountants


              REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS



To the Board of Directors
Monet Entertainment Group, Ltd.

We have  audited  the  accompanying  balance  sheets of the Monet  Entertainment
Group,  Ltd. (a Development  Stage  Enterprise) as of December 31, 1998 and 1999
and the related statements of income,  stockholders'  equity, and cash flows for
the two years then ended.  These financial  statements are the responsibility of
management.  Our  responsibility  is to express  an  opinion on these  financial
statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards  require that we plan and perform the audit to obtain reasonable
assurance as to whether the balance sheet is free of material misstatements.  An
audit includes examining,  on a test basis,  evidence supporting the amounts and
disclosures in the financial  statements.  An audit also includes  assessing the
accounting principles used and significant estimates made by management, as well
as evaluating the overall balance sheet presentation.  We believe that our audit
of the financial  statements  provides a reasonable basis for our opinion.  . In
our opinion,  the financial  statements referred to above present fairly, in all
material respects,  the financial position of Monet Entertainment Group, Ltd. (a
Development  Stage Enterprise) as of December 31, 1998 and 1999, and the results
of its operations and its cash flows for the two years then ended. in conformity
with generally accepted accounting principles.




Story and Company, P.C.
Certified Public Accountants
March 6, 2000
Denver, Colorado




<PAGE>



                         MONET ENTERTAINMENT GROUP, LTD
                        (A Development Stage Enterprise)

                                  BALANCE SHEET

                           December 31, 1998 and 1999


ASSETS:                                                  1999        1998
-------                                                  ----        ----

 Cash                                                   $1,961      $1,961


   Investments
        Energy Acquisition Group, Common Stock (note B)    115         115
        Interest in motion picture (note C)              5,000       5,000

Organizational Expenses (note D)                         2,843       2,843
                                                        -------     -------


TOTAL ASSETS                                            $9,919      $9,919
                                                        ======      ======



SHAREHOLDERS EQUITY

   Common Stock, no par value, 25,000,000 shares
    authorized, of which 5,000,000 are outstanding
    (notes B and C)                                     $9,919      $9,919

   Preferred stock, no par value, 25,000,000
      authorized, none outstanding                      ------      ------

      Total Shareholders Equity                          9,919       9,919
                                                       --------    --------


TOTAL LIABILITIES AND SHAREHOLDERS EQUITY               $9,919      $9,919
-----------------------------------------                =====      ======






    The accompanying notes are an integral part of these financial statements



<PAGE>


                         MONET ENTERTAINMENT GROUP, LTD
                        (A Development Stage Enterprise)


                    STATEMENT OF INCOME AND RETAINED EARNINGS
                   For Years Ended December 31, 1998 and 1999



                                                         1999        1998

Income:                                                   $0          $0

Expense                                                    0           0
                                                         ---          --
Net Operating Income Before Taxes                          0           0

                                                        ----          --
Net Income                                                 0           0

                                                        ----          --
Beginning Retained Earnings                                0           0

                                                        ----        ----
Ending Retained Earnings                              $    0       $   0
                                                      ======       =====








    The accompanying notes are an integral part of these financial statements



<PAGE>


                         MONET ENTERTAINMENT GROUP, LTD
                        (A Development Stage Enterprise)


                             STATEMENT OF CASH FLOWS

                 From the Years Ended December 31, 1998 and 1999





                                                         1999        1998

Cash Flows From Operating Activities

      Net Income                                        $   0       $   0
                                                        -----       -----


      Net Cash provided by Operating Activities             0           0
                                                       ------      ------


Cash Flows From Investing Activities

      Net Cash provided by Investing Activities             0           0
                                                       ------      ------


Cash Flow From Financing Activities

      Issuance of Capital Stock                             0           0
                                                       ------      ------

      Net Cash Provided by Financing Activities             0           0
                                                       ------      ------


Net Increase in Cash                                        0           0

Cash, Beginning of Year                                 1,961       1,961
                                                        -----       -----

Cash, December 31, 1999; 1998                          $1,961      $1,961
                                                       ======      ======



    The accompanying notes are an integral part of these financial statements




<PAGE>


                         MONET ENTERTAINMENT GROUP, LTD
                        (A Development Stage Enterprise)

                          Notes to Financial Statements

A - Background and Summary of Significant Accounting Policies

Background

The Monet  Entertainment  Group, Ltd.. (the Company) was formed on September 20,
1996 for the  purpose of  engaging  in two  pursuits  within  the  entertainment
industry which involve developing a unique "completion  guarantee" to assure the
completion  of selected  projects and  developing  a financing  program for full
length motion pictures:

      1.  Completion  bonding  activities  are  associated  with  and a part  of
commercial  film production and other  entertainment  production  activities.  A
"completion  bond" is a guarantee  that should a film  project go over budget or
not have sufficient capital to complete the film, the guarantor will provide the
additional  capital needed to insure  completion of the project.  This guarantee
for small  independent  producers is unique in the  entertainment  industry.  At
present  completion  bonding has been a requirement  for medium and large budget
productions but generally unavailable for small producers.  Lack of availability
of this or a similar  financial  product  has  resulted in  secondary  producers
having great  difficulty  in obtaining  financing  and has kept many  worthwhile
projects from reaching theaters. It is anticipated that Monet's completion bonds
will be reinsured with companies with sufficient  capital  resources to preclude
the possibility that Monet will ever be at risk for capital  shortages in bonded
projects.

      2. Financing feature length budget films will be accomplished  through the
formation of a continuing series of joint ventures with independent film makers.
Plans  include  taking  fractional  interests in selected  film  projects,  thus
spreading  investor risk in the most advantageous  manner.  Project  involvement
will be financed through  joint-venture  arrangements with individual  investors
and small non-entertainment related companies.

Monet  Entertainment  Group,  Ltd.  is  considered  to  be a  Development  Stage
Enterprise because planned principal operations have not commenced and there has
been no revenue therefrom.

Accounting Policies

The  accompanying  balance  sheet is  presented  in the  format  prescribed  for
development stage enterprises by Statement of Financial Accounting Standards No.
7 issued by the Financial Accounting Standards Board.




<PAGE>


                         MONET ENTERTAINMENT GROUP, LTD
                        (A Development Stage Enterprise)


                          Notes to Financial Statements

B - Investments The Company has exchanged  shares of its common stock for shares
of Series C common stock of Energy Acquisition  Companies,  Inc.(Energy),  a New
York Corporation.

The exchange,  which was effective on October 7, 1996, (the date the Certificate
of Share  Exchange was filed by the  Colorado  Secretary of State and by the New
York Department of State),  resulted in the exchange of 115,531 shares of Energy
Acquisition Companies,  Inc. Series C, Par Value $0.001 Common Stock for 500,000
shares of Monet Entertainment Group, Ltd. Common Stock

The 115,531 shares of Energy Acquisition  Companies,  Inc. common stock received
by Monet  represents  9/10 of one percent of Energy's  outstanding  shares.  The
500,000  shares of Monet common stock  surrendered to Energy  represents  eleven
percent of of the Company's  outstanding  common  stock,  and two percent of its
authorized stock.

C - Interest in Motion Picture During its initial  operating  period the Company
acquired an interest in a feature-length  motion picture,  tentatively  entitled
Salvation.  This  interest was conveyed by Mr.  Stephen  Replin,  President  and
principal  stockholder  of Monet  Entertainment  Group,  Ltd.,  in exchange  for
2,295,000  shares of common  stock.  In 1996 Mr.  Replin  purchased a 25 percent
interest in the film for $25,000.  He conveyed 20 percent of his interest in the
film, thereby providing Monet with a five percent ownership position.

When Monet  Entertainment  acquired its interest the film was incomplete.  As of
December 31, 1999 the film has been  completed for more than a year.  Management
continues efforts to sell the film outright to a distributor,  however a sale in
the immediate future is not anticipated.  An outright sale  contemplates a fixed
price  agreement  in which  the  sellers  do not  retain  rights to share in the
profits,  is any,  resulting from the distribution and promotion of the film. It
is not anticipated  that the owners of the film,  including Monet  Entertainment
Group, will be required to contribute additional capital to sell the film.

D -  Organizational  Expenses Three former officers of the Corporation were each
awarded 435,000 shares of common stock in recognition for their service rendered
without  compensation to the  Corporation.  The value of their  contribution has
been classified as an organizational expense and will be amortized over a period
of time consistent with tax law, once the corporation is no longer classified as
a development stage enterprise.




<PAGE>


                                   SIGNATURES


    In accordance  with Section 13 or 15(a) of the Exchange Act, the  Registrant
has caused this Report to be signed on its behalf by the undersigned,  thereunto
duly authorized on the ____ day of March, 2000.

                                       MONET ENTERTAINMENT GROUP, LTD.


                                       By  /s/ Stephen D. Replin
                                          Stephen D. Replin, President,
                                          Chief Executive Officer and
                                          Pricipal Financial Officer


         In accordance with the Exchange Act, this Report has been signed by the
following persons on behalf of the Registrant in the capacities and on the dates
indicated.

Signature                            Title                    Date


/s/ Stephen Replin
Stephen Replin                      Director             March 27, 2000