UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  FORM 10-QSB/A

[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
    Act of 1934 For the quarterly period ended May 31, 2007
                                    or

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

                          Commission File Number: None

                           SPRINGBANK RESOURCES, INC.
                  ---------------- ---------------------------
        (Exact name of small business issuer as specified in its charter)


              Nevada                                  20-4854758
--------------------------------------           ---------------------
 (State or other jurisdiction of          (IRS Employer Identification Number)
 incorporation or organization)

                         Suite 150, 1300 8th Street, SW
                                Calgary, Alberta
                                 Canada T2R 1B2
                         ------------------------------
                    (Address of principal executive offices)

                                 (866) 581-0266
                       ---------------------------------
                           (Issuer's Telephone Number)

                                       N/A
                               -------------------
                 (Former name, former address and former fiscal
                       year, if changed since last report)

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

        Yes [X]      No  [  ]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-25 of the Exchange Act):

        Yes  [  ]    No  [X]

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

       Class                              Outstanding at March 15, 2007
       -----                              -----------------------------

       Common Stock                                5,162,500

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]


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                           SPRINGBANK RESOURCES, INC.
                          (A Development Stage Company)

                                  BALANCE SHEET
                                  May 31, 2007


   ASSETS

CURRENT ASSETS
 Cash and cash equivalents                          $       3,385
 Accounts receivable                                        3,638
 Prepaid rent                                               1,100

 Total current assets                                       8,123

 Oil and Gas Properties - Full Cost Method, net           185,053
                                                    --------------
   TOTAL ASSETS                                     $     193,176
                                                    ==============

   LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
 Accounts payable                                   $      41,495

STOCKHOLDERS' EQUITY
 Preferred stock, $0.01 par value, 10,000,000 shares
  authorized; no shares issued or outstanding                   -
 Common stock, no par value;
  100,000,000 shares authorized; 5,162,500 shares
  issued and outstanding                                  205,423
 Deficit accumulated during the
   development stage                                      (53,742)
                                                    --------------
   Total stockholders' equity                             151,681

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY        $     193,176
                                                    ==============



          The accompanying notes are an integral part of the financial
statements.

                                       F-2


<PAGE>

                           SPRINGBANK RESOURCES, INC.
                          (A Development Stage Company)

                             STATEMENT OF OPERATIONS
            For the Nine Month Period ended May 31, 2007 and for the
             Periods from Inception to May 31, 2006 and May 31, 2007


                                    Inception     For the nine     Inception
                                 (April 20, 2006) Month Period  (April 20, 2006)
                                        to           ended             to
                                   May 31, 2007   May 31, 2007    May 31, 2006
                                 ---------------- ------------  ----------------

Revenues                         $    8,842       $    8,842       $       -

Expenses
 Selling, general &
  administrative                     62,584           61,962             622
                                 -----------      -----------      ----------

 Total expenses                      62,584           61,962             622
                                 -----------      -----------      ----------
Net Loss                            (53,742)         (53,120)           (622)

Accumulated Deficit

 Balance, beginning of period             -             (622)              -
                                 -----------      -----------      ----------

 Balance, end of period          $  (53,742)      $  (53,742)      $    (622)
                                 ===========      ===========      ==========

Net Loss Per Share               $    (0.02)      $    (0.01)      $   (0.00)
                                 ===========      ===========      ==========
Weighted Average Number of
  Shares Outstanding              2,327,623        3,721,292       1,825,000
                                 ===========      ===========      ==========


          The accompanying notes are an integral part of the financial
statements.

                                       F-3


<PAGE>


                           SPRINGBANK RESOURCES, INC.
                          (A Development Stage Company)

                             STATEMENT OF CASH FLOWS
            For the Nine Month Period ended May 31, 2007 and for the
             Periods from Inception to May 31, 2006 and May 31, 2007

                                    Inception     For the nine     Inception
                                 (April 20, 2006) Month Period  (April 20, 2006)
                                        to           ended             to
                                   May 31, 2007   May 31, 2007    May 31, 2006
                                 ---------------- ------------  ----------------
Cash Flows from Operating
Activities
 Net Loss                         $   (53,120)    $   (53,742)    $     (622)
 Adjustment to reconcile
 net loss to net cash flow
 from operating activities
  Depletion                               870             870              -
  Increase in accounts receivable      (3,638)         (3,638)             -
  Increase in prepaid rent             (1,100)         (1,100)             -
  Increase in accounts payable            585             585              -
                                  ------------    ------------    -----------
    Net Cash Flow from
      Operating Activities            (57,025)        (56,403)          (622)

Cash Flow from Investing
Activities
  Purchase of oil and gas properties (120,013)       (120,013)             -
                                  ------------    ------------    -----------
  Net Cash Flow from Investing
  Activities                         (120,013)       (120,013)             -
Cash Flow from Financing Activitites
  Shareholder Advances                      -            (682)           622
  Issuance of Common Stock            180,423         176,281              -
                                  ------------    ------------    -----------
    Net Cash Flow from
      Financing Activities            180,423         175,599            622

Net Increase in Cash
 and Cash Equivalents                   3,385            (817)             -

Cash and Cash Equivalents,
  Beginning of Period                       -           4,202              -
                                  ------------    ------------    -----------

Cash and Cash Equivalents,
  End of Period                   $     3,385     $     3,385     $        -
                                  ============    ============    ===========


          The accompanying notes are an integral part of the financial
statements.

                                       F-4

<PAGE>


                           SPRINGBANK RESOURCES, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                  May 31, 2007

Note 1 - Management's Representation of Interim Financial Information

The accompanying financial statements have been prepared by Springbank
Resources, Inc. without audit pursuant to the rules and regulations of the
Securities and Exchange Commission. Certain information and footnote disclosures
normally included in financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted as allowed by such
rules and regulations, and management believes that the disclosures are adequate
to make the information presented not misleading. These financial statements
include all of the adjustments which, in the opinion of management, are
necessary to a fair presentation of financial position and results of
operations. All such adjustments are of a normal and recurring nature. These
financial statements should be read in conjunction with the audited financial
statements at August 31, 2006.

Note 2 - Acquisition of Oil and Gas Properties

On September 20, 2006, the Company consummated its agreement, entered into on
July 11, 2006, to purchase, through a cash payment of $100,000 plus the issuance
of 1,475,000 of its common shares, a 32.5% working interest, 26% net revenue
interest, in and to the oil and gas lease known as Glencoe #1-31 located in
Pawnee County, Oklahoma. A well has been drilled on the lease and completed on
November 4, 2005. The well's initial production was 15 BOPD and vented 70 MCF of
gas and was produced for approximately 4 months which during 3 of those months
oil was sold. The well has been operated by Southstar Oil and Gas, Inc.

The working interest was purchased from Futures Investment Corporation, a
company controlled by Mr. Cory Dosdall, a former officer and director of the
Company. Mr. Dosdall resigned as officer and director on May 2, 2006. The
Glencoe #1-31 lease was recorded on the Company's books at an amount not
exceeding the seller's original cost of the asset.

Effective December 18, 2006, the Company acquired a 5% working interest in five
newly drilled Glencoe wells operated by Southstar Oil and Gas, Inc, as well as
additional drilling sites that will be held by production of these wells. The
Company acquired its interest in these wells by assigning 27.5% of its existing
working interest in Glencoe #1-31, plus a cash payment of $20,000 to Southstar
Oil and Gas, Inc. After the assignment, the Company has a 5% working interest in
6 wells, namely, the original Glencoe #1-31, Glencoe #2-31, Glencoe #3-31,
Glencoe #4-31, Glencoe #1-32 and Glencoe #5-31, additional drill site acreage,
and a 5% interest in the newly constructed gas gathering system on the Glencoe
leases.
The Company anticipates that all five additional wells will produce a
substantial amount of water based upon conditions present in the Glencoe 4-31
and 5-31 wells, which have been recently completed and are currently producing.
It is management's intention to use the Glencoe #1-31 well as a water disposal
well until other arrangements can be made. Glencoe 2-31, 3-31 and 1-32 are in
the final stages of completion, including connection to the gas gathering
system.


                                       F-5

<PAGE>


                           SPRINGBANK RESOURCES, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                  May 31, 2007

Note 2 - Acquisition of Oil and Gas Properties (cont'd)

For the quarter ended May 31, 2007, the Company received revenue from production
totaling $6,573.

3.    Recent Accounting Pronouncements

In June 2006, the Financial Accounting Standards Board ("FASB") issued FASB
Interpretation ("FIN") No. 48, "Accounting for Uncertainty in Income Taxes -- an
interpretation of FASB Statement No. 109." This interpretation prescribes a
"more-likely-than-not" recognition threshold and measurement attribute (the
largest amount of benefit that is greater than 50% likely of being realized upon
ultimate settlement with tax authorities) for the financial statement
recognition and measurement of a tax position taken or expected to be taken in a
tax return. This interpretation also provides guidance on derecognition,
classification, interest and penalties, accounting in interim periods,
disclosure and transition. FIN No. 48 is effective for fiscal years beginning
after December 15, 2006. The adoption of FIN No. 48 is not expected to have a
material effect on the financial statements of the Company.

In September 2006, the FASB issued Statement of Financial Accounting Standards
("SFAS") No. 157, "Fair Value Measurements." SFAS No. 157 defines fair value,
establishes a framework for measuring fair value in generally accepted
accounting principles, and expands disclosures about fair value measurements.
SFAS No. 157 does not require any new fair value measurements, however, for some
entities, the application of SFAS No. 157 will change current practice. SFAS No.
157 is effective for fiscal years beginning after November 15, 2007, and is not
expected to have a material impact on the financial statements upon adoption by
the Company.

In September 2006, the United States Securities and Exchange Commission issued
Staff Accounting Bulletin ("SAB") No. 108, "Considering the Effects of Prior
Year Misstatements when Quantifying Misstatements in Current Year Financial
Statements." SAB No. 108 provides guidance on the consideration of the effects
of prior year misstatements in quantifying current year misstatements for the
purpose of a materiality assessment. The adoption of SAB No. 108 is not expected
to have a material effect on the financial statements of the Company.





                                      F-6

<PAGE>




                                        3




ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

      The following discussion of financial condition and results of operations
should be read in conjunction with Springbank's financial statements and related
notes, which are included elsewhere in this report.

RESULTS OF OPERATIONS

         The factors that most significantly affect Springbank's results of
operations will be (i) the sale prices of crude oil and natural gas, (ii) the
amount of production from oil or gas wells in which Springbank has an interest,
and (iii) and lease operating expenses. Springbank's revenues will also be
significantly impacted by its ability to maintain or increase oil or gas
production through exploration and development activities.

      Prices received by Springbank for sales of crude oil and natural gas may
fluctuate significantly from period to period. The fluctuations in oil prices
during these periods reflect market uncertainty regarding the inability of the
Organization of Petroleum Exporting Countries ("OPEC") to control the production
of its member countries, as well as concerns related to the global supply and
demand for crude oil. Gas prices received by Springbank will fluctuate with
changes in the spot market price for gas.

      Changes in natural gas and crude oil prices will significantly affect the
revenues and cash flow of the wells and the value of the oil and gas properties.
Declines in the prices of crude oil and natural gas could have a material
adverse effect on the success of Springbank's operations and activities,
recoupment of the costs of acquiring, developing and producing its wells and
profitability. Springbank is unable to predict whether the prices of crude oil
and natural gas will rise, stabilize or decline in the future.

      Other than the foregoing, Springbank does not know of any trends, events
or uncertainties that have had or are reasonably expected to have a material
impact on Springbank's net sales, revenues or expenses.

LIQUIDITY AND CAPITAL RESOURCES

      It is expected that Springbank's principal source of cash flow will be
from the production and sale of crude oil and natural gas reserves which are
depleting assets. Cash flow from the sale of oil and gas production depends upon
the quantity of production and the price obtained for the production. An
increase in prices will permit Springbank to finance its operations to a greater
extent with internally generated funds, may allow Springbank to obtain equity
financing more easily or on better terms, and lessens the difficulty of
obtaining financing. However, price increases heighten the competition for oil
and gas prospects, increase the costs of exploration and development, and,
because of potential price declines, increase the risks associated with the
purchase of producing properties during times that prices are at higher levels.

<PAGE>

      A decline in oil and gas prices (i) will reduce the cash flow internally
generated by Springbank which in turn will reduce the funds available for
exploring for and replacing oil and gas reserves, (ii) will increase the
difficulty of obtaining equity and debt financing and worsen the terms on which
such financing may be obtained, (iii) will reduce the number of oil and gas
prospects which have reasonable economic terms, (iv) may cause Springbank to
permit leases to expire based upon the value of potential oil and gas reserves
in relation to the costs of exploration, (v) may result in marginally productive
oil and gas wells being abandoned as non-commercial, and (vi) may increase the
difficulty of obtaining financing. However, price declines reduce the
competition for oil and gas properties and correspondingly reduce the prices
paid for leases and prospects.

      Springbank was incorporated on April 20, 2006.

      Between August and November 2006 Springbank sold 1,862,500 shares of its
common stock, at a price of $.10 CDN per share, to a group of private investors.

      In September 2006 Springbank acquired a 32.5% working interest (26% net
revenue interest) in the Glencoe #31 well for $100,000 in cash and 1,475,000
shares of its restricted common stock. At the time of the acquisition, the
Glencoe #31 well was shut in pending the installation of a gathering system
which would transport the gas production.

      In December 2006 Springbank exchanged a 27.5% working interest in the
Glencoe #31 well, as well as a cash payment of $20,000, for a 5% working
interest in five new wells adjoining the Glencoe #31 well, plus drill sites for
14 additional wells. As a result of this transaction, and as of February 15,
2007, Springbank had a 5% working interest in six wells, additional drill site
acreage, and a 5% interest in a gas gathering system servicing the six wells.

     As of July 10, 2007, five of the six wells were producing approximately 120
barrels  of oil per day and 125 MCF of gas per  day.  The  sixth  well is  being
utilized as a salt water disposal well.

      Springbank's material sources and (uses) of cash during the period from
its inception (April 20, 2006) to May 31, 2007:

      Cash used by operations                                 $(57,025)
      Purchase of oil and gas properties                      (120,013)
      Sale of common stock                                     180,423


     In July 2007 Springbank signed a letter of intent to acquire a company, not
affiliated with Springbank, which is engaged in the development of a wireless
personal location device which uses the U.S. Department of Defense's Global
Positioning System ("GPS") satellites and General Packet Radio Service ("GPRS")
technology. If the acquisition is completed, Springbank plans to dispose of its
oil and gas assets.

                                       2

<PAGE>


ITEM 3.  CONTROLS AND PROCEDURES

Clint R. Black, Springbank's President and Chief Executive Officer and Philip F.
Grey, Springbank's Principal Financial and Accounting Officer, have evaluated
the effectiveness of Springbank's disclosure controls and procedures as of the
end of the period covered by this report and in their opinion, Springbank's
disclosure controls and procedures ensure that material information relating to
Springbank is made known to them by others within those entities, particularly
during the period in which this report is being prepared, so as to allow timely
decisions regarding required disclosure. To the knowledge of Mr. Black and Mr.
Grey there has not been any change in Springbank's internal controls over
financial reporting during the quarter ended May 31, 2007 that has materially
affected, or is reasonably likely to materially affect, Springbank's controls.

                                    PART III

ITEM 6. EXHIBITS


    Number        Title

   31             Rule 13a-14(a) Certifications

   32             Section 1350 Certifications




<PAGE>


                                   SIGNATURES


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


                                          SPRINGBANK RESOURCES, INC.


July 13, 2007                          /s/ Clint R. Black
                                       ---------------------------------
                                       Clint R. Black
                                       President and Chief Executive Officer

July 13, 2007                          /s/ Philip F. Grey
                                       ---------------------------------
                                       Philip F. Grey
                                       Principal Financial and Accounting
                                       Officer






















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