**FORM      10-QSB/A**

**Amendment      No. 1**

| x | QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|---|--------------------------------------------------------------------------------------------------------------------------------------|

| o | TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|---|---------------------------------------------------------------------------------------------------------------------------------------|

**Forster      Drilling Corporation**

| Nevada                                                                        |   | 91-2070995                                       |
|-------------------------------------------------------------------------------|--------|--------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) |   | (IRS                Employer Identification No.) |

| 2425                Fountain View, #305, Houston, Texas |   | 77057                     |
|---------------------------------------------------------|--------|---------------------------|
| (Address                of principal executive offices) |   | (Zip                Code) |

Registrant’s      telephone number, including area code:  (713)      266-8005

**APPLICABLE      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY**

**PROCEEDINGS      DURING THE PRECEDING FIVE YEARS**

**APPLICABLE      ONLY TO CORPORATE ISSUERS**

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**EXPLANATORY      NOTE**

----

**Forster      Drilling Corporation**

**INDEX**

|             |                   |                                                                                                                                                              | **Page No.** |
|------------------|------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------|
| **Part I**  |                   | Financial                Information                                                                                                                              |              |
|             |                   |                                                                                                                                                              |              |
|             | Item                1. | Consolidated                Financial Statements of Forster Drilling Corporation                                                                                  | 1                 |
|             |                   |                                                                                                                                                              |              |
|             |                   | Consolidated                Balance Sheets dated February 29, 2008 (Unaudited) and November 30,                2007                                               | 2                 |
|             |                   |                                                                                                                                                              |              |
|             |                   | Consolidated                Statements of Operations for the Three Months Ended February 29,                2008 and                February 28, 2007 (Unaudited) | 3                 |
|             |                   |                                                                                                                                                              |              |
|             |                   | Consolidated                Statements of Cash Flows for the Three Months Ended February 29,                2008 and                February 28, 2007 (Unaudited) | 4                 |
|             |                   |                                                                                                                                                              |              |
|             |                   | Notes                to Consolidated Financial Statements (Unaudited)                                                                                             | 5                 |
|             |                   |                                                                                                                                                              |              |
|             | Item                2. | Management’s                Discussion and Analysis                                                                                                         | 8                 |
|             |                   |                                                                                                                                                              |              |
|             | Item                3. | Controls                and Procedures                                                                                                                            | 11                |
|             |                   |                                                                                                                                                              |              |
| **Part II** |                   | Other                Information                                                                                                                                  | 12                |
|             |                   |                                                                                                                                                              |              |
|             | Item                1. | Legal                Proceedings                                                                                                                                  | 12                |
|             |                   |                                                                                                                                                              |              |
|             | Item                2. | Unregistered                Sales of Equity Securities and Use of Proceeds                                                                                        | 12                |
|             |                   |                                                                                                                                                              |              |
|             | Item                3. | Defaults                Upon Senior Securities                                                                                                                    | 12                |
|             |                   |                                                                                                                                                              |              |
|             | Item                4. | Submission                of Matters to a Vote of Security Holders                                                                                                | 12                |
|             |                   |                                                                                                                                                              |              |
|             | Item                5. | Other                Information.                                                                                                                                 | 12                |
|             |                   |                                                                                                                                                              |              |
|             | Item                6. | Exhibits                and Reports on Form 8-K                                                                                                                   | 13                |
|             |                   |                                                                                                                                                              |              |
|             |                   | Signatures                                                                                                                                                        | 13                |

----

**PART      I**

**ITEM      1.**
**CONSOLIDATED      FINANCIAL STATEMENTS**

----

**FORSTER      DRILLING CORPORATION**

**CONSOLIDATED      BALANCE SHEETS**

|                                                                                                                                                                                 |   | February 29, |        | November 30, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-------------|-------------------|--------|
|                                                                                                                                                                                 |   | 2008              |        | 2007              |   |
|                                                                                                                                                                                 |   | (Unaudited)       |        |              |   |
|  ASSETS                                                                                                                                                                         |   |              |        |              |   |
| Current                assets:                                                                                                                                                       |   |              |        |              |   |
| Cash                and cash equivalents                                                                                                                                             |   | $                 | 31,252      |              | $      | 15,831 |   |
| Trade                accounts receivable, net                                                                                                                                        |   |              | 391,382     |              |   | 447,789 |   |
| Prepaid                insurance and other current assets                                                                                                                            |   |              | 250,362     |              |   | 453,326 |   |
| Total                current assets                                                                                                                                                  |   |              | 672,996     |              |   | 916,946 |   |
|                                                                                                                                                                                 |   |              |             |              |   |  |   |
| Property                & equipment, net                                                                                                                                         |   |              | 14,336,983  |              |   | 11,675,660 |   |
|                                                                                                                                                                                 |   |              |             |              |   |  |   |
| Other                assets                                                                                                                                                          |   |              | 40,925      |              |   | 205,189 |   |
|                                                                                                                                                                                 |   |              |             |              |   |  |   |
| Total                assets                                                                                                                                                          |   | $                 | 15,050,904  |              | $      | 12,797,795 |   |
|                                                                                                                                                                                 |   |              |             |              |   |  |   |
| LIABILITIES                AND STOCKHOLDERS’ EQUITY (DEFICIT)                                                                                                                  |   |              |             |              |   |  |   |
|                                                                                                                                                                                 |   |              |             |              |   |  |   |
| Current                liabilities:                                                                                                                                                  |   |              |             |              |   |  |   |
| Current                portion notes payable to related parties                                                                                                                      |   | $                 | 428,889     |              | $      | 1,050,180 |   |
| Current                portion of notes payable                                                                                                                                      |   |              | 4,062,875   |              |   | 4,613,090 |   |
| Accounts                payable                                                                                                                                                      |   |              | 2,789,102   |              |   | 2,172,368 |   |
| Taxes                payable                                                                                                                                                         |   |              | 897,051     |              |   | 917,031 |   |
| Accrued                liabilities                                                                                                                                                   |   |              | 870,844     |              |   | 629,089 |   |
| Stock                payable                                                                                                                                                         |   |              | -           |              |   | 102,106 |   |
| Advances                from stockholders                                                                                                                                            |   |              | 132,442     |              |   | 132,690 |   |
|                                                                                                                                                                                 |   |              |             |              |   |  |   |
| Total                current liabilities                                                                                                                                             |   |              | 9,181,203   |              |   | 9,616,554 |   |
|                                                                                                                                                                                 |   |              |             |              |   |  |   |
| Notes                payable to related parties, net of current maturities                                                                                                           |   |              | 401,748     |              |   | 1,191,389 |   |
| Notes                payable, net of current maturities                                                                                                                              |   |              | 6,505,651   |              |   | 1,329,598 |   |
| Total                long-term debt                                                                                                                                                  |   |              | 6,907,399   |              |   | 2,520,987 |   |
|                                                                                                                                                                                 |   |              |             |              |   |  |   |
| Total                liabilities                                                                                                                                                     |   |              | 16,088,602  |              |   | 12,137,541 |   |
|                                                                                                                                                                                 |   |              |        |              |   |   |   |
| Commitment                                                                                                                                                                           |   |              |        |              |   |   |   |
|                                                                                                                                                                                 |   |              |             |              |   |  |   |
| Stockholders’                equity (deficit):                                                                                                                                 |   |              |             |              |   |  |   |
| Preferred                stock, $0.25 par value per share, 12,500,000                shares authorized, 5,835 issued and outstanding                                                 |   |              | 1,459       |              |   | 1,459 |   |
| Common                stock, $0.002 par value per share, 200,000,000                shares authorized, 47,069,620 and 46,171,128 issued and outstanding,                respectively |   |              | 94,139      |              |   | 92,344 |   |
| Additional                paid-in capital                                                                                                                                            |   |              | 16,821,967  |              |   | 13,168,768 |   |
| Accumulated                deficit                                                                                                                                                   |   |              | (17,955,263 | )                 |   | (12,602,317 | ) |
| Total                stockholders’ equity (deficit)                                                                                                                            |   |              | (1,037,698  | )                 |   | 660,254 |   |
| Total                liabilities and stockholders’ equity (deficit)                                                                                                            |   | $                 | 15,050,904  |              | $      | 12,797,795 |   |

*The      accompanying notes are an integral part of these consolidated financial      statements.*

----

**FORSTER      DRILLING CORPORATION**

**CONSOLIDATED      STATEMENTS OF OPERATIONS**

**(Unaudited)**

|                                                                |   | **Three months ending                  February 29, 2008** |       | **Three months ending                  February 28, 2007** |   |
|--------------------------------------------------------------------------|--------|----------------------------------------------------------------------|------------|----------------------------------------------------------------------|--------|
|                                                                     |   | (Restated)                                                           |       |                                                                 |   |
| REVENUES                                                            |   | $                                                                    | 679,021    |                                                                 | $      | 1,430,880 |   |
|                                                                |   |                                                                 |            |                                                                 |   |  |   |
| COST                  OF SALES                                      |   |                                                                 | 570,108    |                                                                 |   | 782,962 |   |
|                                                                |   |                                                                 |            |                                                                 |   |  |   |
| GROSS                  PROFIT                                       |   |                                                                 | 108,913    |                                                                 |   | 647,918 |   |
|                                                                |   |                                                                 |            |                                                                 |   |  |   |
| GENERAL                  & ADMINISTRATIVE EXPENSES              |   |                                                                 | 2,760,360  |                                                                 |   | 1,042,752 |   |
|                                                                |   |                                                                 |            |                                                                 |   |  |   |
| OPERATING                  LOSS                                     |   |                                                                 | (2,651,447 | )                                                                    |   | (394,834 | ) |
|                                                                |   |                                                                 |            |                                                                 |   |  |   |
| OTHER                  EXPENSES:                                    |   |                                                                 |            |                                                                 |   |  |   |
| Other                  expenses                                     |   |                                                                 | (159,913   | )                                                                    |   | (2,100 | ) |
| Interest                  expense                                   |   |                                                                 | (2,541,588 | )                                                                    |   | (441,309 | ) |
|                                                                |   |                                                                 |            |                                                                 |   |  |   |
| NET                  LOSS                                           |   | $                                                                    | (5,352,948 | )                                                                    | $      | (838,243 | ) |
|                                                                |   |                                                                 |            |                                                                 |   |  |   |
| Basic                  and diluted net loss per share               |   | $                                                                    | (0.11      | )                                                                    | $      | (0.02 | ) |
|                                                                |   |                                                                 |            |                                                                 |   |  |   |
| Weighted                  average common shares  outstanding   |   |                                                                 | 46,844,494 |                                                                 |   | 40,448,101 |   |

*The      accompanying notes are an integral part of these consolidated financial      statements.*

----

**FORSTER      DRILLING CORPORATION**

**CONSOLIDATED      STATEMENTS OF CASH FLOWS**

**(Unaudited)**

|                                                                                                                |   | **Three months ending                  February 29, 2008**  |       | **Three months ending                  February 28, 2007**  |   |
|---------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------|------------|----------------------------------------------------------------------------|--------|
| **Cash                  flows from operating activities:**                                                          |   |                                                        |       |                                                             |   |
| Net                  loss                                                                                           |   | $                                                                          | (5,352,948 | )                                                                          | $      | (838,243 | ) |
|  Adjustments                  to reconcile net loss to net cash used in operating                  activities: |   |                                                                       |            |                                                                       |   |  |   |
| Stock-based                  compensation expense                                                                   |   |                                                                       | -          |                                                                       |   | 108,625 |   |
| Amortization                  of beneficial conversion feature                                                      |   |                                                                       | -          |                                                                       |   | 153,939 |   |
| Amortization                  of debt discount                                                                      |   |                                                                       | 246,518    |                                                                       |   | 210,916 |   |
| Bad                  debt expense                                                                                   |   |                                                                       | 331,200    |                                                                       |   | - |   |
| Depreciation                  & amortization expense                                                            |   |                                                                       | 180,608    |                                                                       |   | 133,734 |   |
| Interest                  paid with common stock and warrants                                                       |   |                                                                       | 1,472,457  |                                                                       |   | 19,183 |   |
| Changes                  in:                                                                                        |   |                                                                       |            |                                                                       |   |  |   |
| Trade                  accounts receivable                                                                          |   |                                                                       | (274,793   | )                                                                          |   | 200,000 |   |
| Prepaid                  insurance and other current assets                                                         |   |                                                                       | 203,964    |                                                                       |   | 91,256 |   |
| Other                  assets                                                                                       |   |                                                                       | 163,264    |                                                                       |   | (30,612 | ) |
| Accounts                  payable                                                                                   |   |                                                                       | 616,734    |                                                                       |   | 315,205 |   |
| Deferred                  revenue                                                                                   |   |                                                                       | -          |                                                                       |   | 9,120 |   |
| Accrued                  liabilities & other liabilities                                                        |   |                                                                       | 221,528    |                                                                       |   | 151,608 |   |
| Net                  cash provided by (used in) operating activities                                                |   |                                                                       | (2,191,468 | )                                                                          |   | 524,731 |   |
|                                                                                                                |   |                                                                       |            |                                                                       |   |  |   |
| **Cash                  flows from investing activities:**                                                          |   |                                                                       |            |                                                                       |   |  |   |
| Purchases                  of property and equipment                                                                |   |                                                                       | (2,841,931 | )                                                                          |   | (3,070,224 | ) |
| Net                  cash used in investing activities                                                              |   |                                                                       | (2,841,931 | )                                                                          |   | (3,070,224 | ) |
|                                                                                                                |   |                                                                       |            |                                                                       |   |  |   |
| **Cash                  flows from financing activities:**                                                          |   |                                                                       |            |                                                                       |   |  |   |
| Proceeds                  from notes payable to related parties                                                     |   |                                                                       | 375,000    |                                                                       |   | - |   |
| Proceeds                  from notes payable                                                                        |   |                                                                       | 8,695,000  |                                                                       |   | 3,114,750 |   |
| Advances                  from customers                                                                            |   |                                                                       | -          |                                                                       |   | 480,000 |   |
| Payments                  on notes payable to related parties                                                       |   |                                                                       | (195,500   | )                                                                          |   | (60,000 | ) |
| Payments                  on notes payable                                                                          |   |                                                                       | (3,825,680 | )                                                                          |   | (1,013,536 | ) |
| Net                  cash provided by financing activities                                                          |   |                                                                       | 5,048,820  |                                                                       |   | 2,521,214 |   |
|                                                                                                                |   |                                                                       |            |                                                                       |   |  |   |
| Increase                  (decrease) in cash and cash equivalents                                                   |   |                                                                       | 15,421     |                                                                       |   | (24,279 | ) |
| Cash                  and cash equivalents, beginning of period                                                     |   |                                                                       | 15,831     |                                                                       |   | 24,279 |   |
| Cash                  and cash equivalents, end of period                                                           |   | $                                                                          | 31,252     |                                                                       | $      | - |   |
|                                                                                                                |   |                                                                       |            |                                                                       |   |  |   |
| **Supplemental                  cash flow disclosures:**                                                            |   |                                                                       |            |                                                                       |   |  |   |
| Cash                  paid for income taxes                                                                         |   | $                                                                          | -          |                                                                       | $      | - |   |
| Cash                  paid for interest                                                                             |   |                                                                       | -          |                                                                       |   | 28,561 |   |
|                                                                                                                |   |                                                                       |            |                                                                       |   |  |   |
| **Non-cash                  investing and financing activities:**                                                   |   |                                                                       |            |                                                                       |   |  |   |
| Debt                  paid with common stock                                                                        |   | $                                                                          | 380,432    |                                                                       | $      | 805,500 |   |
| Conversion                  of notes payable to equity                                                              |   |                                                                       | 1,700,000  |                                                                       |   | - |   |
| Purchased                  drilling rig parts with note payable to seller                                           |   |                                                                       | -          |                                                                       |   | 58,750 |   |
| Discount                  on notes payable                                                                          |   |                                                                       | -          |                                                                       |   | 527,800 |   |
| Discount                  on notes for beneficial conversion feature                                                |   |                                                                       | -          |                                                                       |   | 552,813 |   |

*The      accompanying notes are an integral part of these consolidated financial      statements.*

----

**FORSTER      DRILLING CORPORATION**

**NOTE      1 - BASIS OF PRESENTATION**

**NOTE      2 - GOING CONCERN**

**NOTE      3 – PROPERTY & EQUIPMENT**

**NOTE      4 - NOTES PAYABLE TO RELATED PARTIES**

| Unsecured                notes payable to related party trusts, principal and interest at                10% per                annum payable on maturity dates ranging from August 2008 through                November                2008 |   | $      | 428,889  |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------|--------|
|                                                                                                                                                                                                                                         |   |   |          |   |
| Unsecured                notes payable to related parties, principal and interest at 10% per                annum                payable November 2009                                                                                       |   |   | 401,748  |   |
|                                                                                                                                                                                                                                         |   |   |          |   |
| Total                notes payable to related parties                                                                                                                                                                                        |   |   | 830,637  |   |
|                                                                                                                                                                                                                                         |   |   |          |   |
| Less                current maturities of notes payable to related parties                                                                                                                                                                   |   |   | (428,889 | )      |
|                                                                                                                                                                                                                                         |   |   |          |   |
| Notes                payable to related parties, net of current maturities                                                                                                                                                                   |   | $      | 401,748  |   |

----

**NOTE      5 - NOTES PAYABLE**

| In                January 2008, Forster entered into financing arrangements and executed                $4,805,000 10% senior secured notes and $1,215,000 17% subordinated                notes                for total new financing of $6,020,000. (1)                                                                                                                                                                                                        |   | $      | 6,020,000  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |            |   |
| Unsecured                convertible notes payable issued in 2007 to third parties, interest                at 12%                per annum payable at maturity, maturing at various dates through                the first                three quarters of fiscal year 2008, net of unamortized discount of                $374,288.                                                                                                                            |   |   | 1,748,230  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |            |   |
| Notes                payable to third parties, personally guaranteed by an officer of                Forster,                interest at 10% per annum payable at maturity. These notes were delinquent                as of April 30, 2008.                                                                                                                                                                                                                      |   |   | 725,000    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |            |   |
| Note                payable to Sterling Bank, secured by a first lien deed of trust on                Odessa                real property, incurs interest at an annual rate of prime plus 1%                and will                mature on October 11, 2011, due in 59 monthly payments of approximately                $1,333 plus interest and one balloon payment of $161,353 plus any                unpaid                accrued interest upon maturity |   |   | 145,247    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |            |   |
| Note                payable to Independence Bank, collateralized by company vehicle,                interest                at 8.5% per annum, matures on July 28, 2009, due in 36 monthly paymentsof                approximately $935                                                                                                                                                                                                                           |   |   | 17,354     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |            |   |
| Note                payable to Daimler Chrysler, collateralized by company vehicle, interest                at 8.7% per annum, matures in June 2011, due in 60 monthly payments                of                approximately $697                                                                                                                                                                                                                               |   |   | 25,040     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |            |   |
| Unsecured                installment note payable to insurance finance Company, monthly payments                of                $65,795, including interest at 8.5% per annum, payable through June,                2008                                                                                                                                                                                                                                        |   |   | 237,655    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |            |   |
| Note                payable to third party, for the purchase of rig 42, principal and                interest                at 10% per annum payable on December 31, 2007 (2)                                                                                                                                                                                                                                                                                    |   |   | 1,650,000  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |            |   |
| Total                notes payable                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 10,568,526 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |            |   |
| Less                current maturities                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   | (4,062,875 | )      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |            |   |
| Notes                payable, net of current maturities                                                                                                                                                                                                                                                                                                                                                                                                           |   | $      | 6,505,651  |   |

----

**NOTE      6 - STOCKHOLDERS EQUITY**

| · |   | Issued                305,992 shares for debt totaling $380,432, which includes $190,432                of debt                from a related party.                                                                                                                                                                                                                                        |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| · |   | 592,500                shares in payment of outstanding interest of $297,563, which includes                $106,642 of interest paid to a related party.                                                                                                                                                                                                                                   |
| · |   | Issued                warrants for extension of debt valued at $576,715 using the black-scholes                valuation model.                                                                                                                                                                                                                                                             |
| · |   | The                Company converted $2,400,286 of debt, interest and finance charges                to                stock for which the shares have not been issued as of February 29,                2008.                The entire amount was recorded to additional paid in capital. The                $2,400,286 includes interest and finance charges of                $598,179. |

**NOTE**
**7 –      CONCENTRATIONS**

**NOTE      8 - RELATED PARTY TRANSACTIONS**

----

**NOTE      9 - SUBSEQUENT EVENTS**

**NOTE      10 – RESTATEMENT**

|                                               |   | As previously stated |       |       |   | As Restated       |   |
|----------------------------------------------------|--------|--------------------------------|------------|------------|--------|------------------------|--------|
| Three                months ended 2/29/2008        |   | THREE MONTHSENDED         |       | Increase   |   | THREE MONTHSENDED |   |
|                                               |   | 2/29/2008                      |       | (Decrease) |   | 2/29/2008              |   |
|                                               |   |                           |       |       |   |                   |   |
| Revenues                                           |   | $                              | 679,021    |       | $      | -                      |   | $ | 679,021 |   |
| Cost                of sales                       |   |                           | (950,782   | )          |   | 380,674                |   |   | (570,108 | ) |
| Gross                Profit                        |   |                           | (271,761   | )          |   | 380,674                |   |   | 108,913 |   |
| General                and administrative expenses |   |                           | (2,187,146 | )          |   | (573,214               | )      |   | (2,760,360 | ) |
| Operating                loss                      |   |                           | (2,458,907 | )          |   | (192,540               | )      |   | (2,651,447 | ) |
| Other                expense                       |   |                           | (150,824   | )          |   | (9,089                 | )      |   | (159,913 | ) |
| Interest                expense                    |   |                           | (2,743,217 | )          |   | 201,629                |   |   | (2,541,588 | ) |
| Net                loss                            |   | $                              | (5,352,948 | )          | $      | -                      |   | $ | (5,352,948 | ) |

**NOTE      11 - COMMITMENT**

**ITEM 2.**

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

**Forward      Looking Statements**

**Overview**

*Revenue      Recognition*

----

**Results      of Operations**

**Liquidity**

*Historical      Financial Data*

----

*Need      for Additional Capital*

**Off-Balance      Sheet Arrangements**

**Critical      Accounting Policies**

*Use      of Estimates in Financial Statement Preparation.*

** **

*Property      and Equipment.*

*Revenue      Recognition*

----

*Basic      and Diluted Net Loss Per Common Share. *

*Share-Based      Payments.*

**Newly      Issued Accounting Pronouncements. **

** **

**ITEM      3.**
**CONTROLS      AND PROCEDURES.**

**Evaluation      of Disclosure Controls and Procedures**

----

**Changes      in Internal Control Over Financial Reporting**

**PART      II**

**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      AND REPORTS ON FORM 8-K.**

| **Exhibit                No.** | **Identification                of Exhibit**                                                                                                                                                                                               |
|--------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |                                                                                                                                                                                                                                       |
| 31.1                           | Certification                Pursuant to Section 302 of the Sarbanes-Oxley Act provided by F.                E.                Forster, III, Chief Executive Officer                                                                       |
|                           |                                                                                                                                                                                                                                       |
| 31.2                           | Certification                Pursuant to Section 302 of the Sarbanes-Oxley Act provided by Garrick                Clayton, Chief Financial Officer                                                                                         |
|                           |                                                                                                                                                                                                                                       |
| 32.1                           | Certification                Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002 provided by F. E. Forster, III, Chief                Executive Officer |
|                           |                                                                                                                                                                                                                                       |
| 32.2                           | Certification                Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002 provided by Garrick Clayton, Chief                Financial Officer    |

**SIGNATURES**

| **FORSTER                DRILLING CORPORATION**            |
|------------------------------------------------------------|
|                                                       |
| By:                                                        | /s/                F. E. FORSTER, III |
| F.                E. Forster, III, Chief Executive Officer |
|                                                       |
| Date:                May 6, 2008                           |

| Signature                             |   | Title                                    |   | Date                       |
|---------------------------------------|--------|------------------------------------------|--------|----------------------------|
|                                  |   |                                     |   |                       |
| /s/                F. E. FORSTER, III |   | Chairman                of the Board and |   | May                6, 2008 |
| F.                E. Forster, III     |   | Chief                Executive Officer   |   |                       |
|                                  |   |                                     |   |                       |
| /s/                GARRICK CLAYTON    |   | Chief                Financial Officer   |   | May                6, 2008 |
| Garrick                Clayton        |   |                                     |   |                       |

----

**EXHIBIT      INDEX**

| **Exhibit                No.** | **Identification                of Exhibit**                                                                                                                                                                                               |
|--------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |                                                                                                                                                                                                                                       |
| 31.1                           | Certification                Pursuant to Section 302 of the Sarbanes-Oxley Act provided by F.                E.                Forster, III, Chief Executive Officer                                                                       |
|                           |                                                                                                                                                                                                                                       |
| 31.2                           | Certification                Pursuant to Section 302 of the Sarbanes-Oxley Act provided by Garrick                Clayton, Chief Financial Officer                                                                                         |
|                           |                                                                                                                                                                                                                                       |
| 32.1                           | Certification                Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002 provided by F. E. Forster, III, Chief                Executive Officer |
|                           |                                                                                                                                                                                                                                       |
| 32.2                           | Certification                Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002 provided by Garrick Clayton, Chief                Financial Officer    |

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