UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

    (Mark One)

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

                  For the quarterly period ended December 31, 1999

                                       OR

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

                       For the transition period from to
                          -----------------------------

                             Commission file number:

                            MASON HILL HOLDINGS, INC.
             (Exact name of registrant as specified in its charter)

<TABLE>
<CAPTION>
<S>                                                      <C>
         Delaware                                        650109088
(State or other jurisdiction of                       (I.R.S. employer
incorporation or organization)                       identification No.)
</TABLE>
                                110 Wall Street

                            New York, New York 10005
               (Address of principal executive offices) (Zip code)

       Registrant's telephone number, including area code: (212) 425-3000

         Indicate by check whether 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 preceding 12 months (or for such shorter period that registrant was required
to file such reports),  and (2) has been subject to such filing requirements for
the past 90 days. Yes [X] No [ ]

         As of February  17, 2000,  approximately  9,760,106  shares,  $.002 par
value per share, of the Company were issued and outstanding.
<PAGE>
PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS (UNAUDITED)

                                TABLE OF CONTENTS
<TABLE>
<CAPTION>

                                                                                                      PAGE

         <S>                                                                                           <C>
         Consolidated Balance Sheets as of December 31, 1999 and March 31, 1999                        3

         Consolidated Statements of Income for the nine
                  months ended December 31, 1999 and 1998                                              4

         Consolidated Statements of Cash Flows for the nine months
                  ended December 31, 1999 and 1998                                                     5

         Notes to Unaudited Financial Statements                                                   6 - 7
</TABLE>
<PAGE>
MASON HILL HOLDINGS, INC.

CONSOLIDATED BALANCE SHEET
(unaudited)
<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------------------------


                                                                           Dec. 31, 1999        March 31, 1999
                                                                        -------------------------------------------
Assets:

<S>                                                                               <C>                  <C>
    Cash                                                                          $   62,919           $   484,377
    Receivable from broker dealers                                                    75,733               776,199
    Securities owned                                                               2,847,209               169,415
    Property and equipment, net                                                       60,745                48,854
    Other assets                                                                     515,086             4,265,886
                                                                        -------------------------------------------

                                                                                $  3,561,692          $  5,744,731
                                                                        ===========================================

Liabilities:

    Commissions payable                                                          $   833,506           $   653,647
    Accrued expenses and other liabilities                                           884,054               312,672
    Securities sold, but not yet purchased                                           230,315
                                                                        -------------------------------------------
                                                                                   1,947,875               966,319

Subordinated liabilities                                                             230,000               230,000
                                                                        -------------------------------------------
                                                                                   2,177,875             1,196,319
                                                                        -------------------------------------------

Stockholders' equity:

    Common stock; $0.002 par value, 20,000,000 shares
       authorized, 8,940,988 shares issued and outstanding                            17,882                17,882
    Paid in Capital                                                               13,449,129            13,449,129
    Foreign currency translation                                                    (76,650)              (76,650)
    Retained earnings (deficit)                                                 (12,006,544)           (8,841,949)
                                                                        -------------------------------------------
                                                                                   1,383,817             4,548,412
                                                                        -------------------------------------------

                                                                                $  3,561,692          $  5,744,731
                                                                        ===========================================
</TABLE>
<PAGE>
MASON HILL HOLDINGS, INC.

CONSOLIDATED STATEMENT OF OPERATIONS
(unaudited)

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------

                                                         Nine Months Ended Dec. 31                 Three Months Ended Dec. 31,
                                                         -----------------------                   ---------------------------
                                                          1999              1999                      1998             1998
                                          -------------------------------------------------------------------------------------

<S>                                                   <C>               <C>                        <C>              <C>
Revenue                                               $ 9,397,988       $ 2,792,037                $ 3,388,012      $1,516,301
                                          -------------------------------------------------------------------------------------

Expenses:

    Salaries and commissions                            5,758,638         2,034,106                  2,103,341         963,709
    Clearing costs                                        531,014           226,143                    142,231         110,828
    Communications                                        338,836           223,984                     83,183          97,483
    Occupancy                                             346,784           327,375                     86,986         132,885
    Interest                                               11,194            17,971                      3,095           5,332
    Operating expenses                                  1,216,031           474,631                    681,127         213,118
                                          -------------------------------------------------------------------------------------
                                                        8,202,497         3,304,210                  3,099,963       1,523,355
                                          -------------------------------------------------------------------------------------

Income (loss) before taxes                              1,195,491         (512,173)                    288,049         (7,054)
Income taxes                                              432,109                 0                    396,598               0
                                          -------------------------------------------------------------------------------------
Income (loss) before discontinued
operations                                                763,382         (512,173)                  (108,549)         (7,054)
Loss from discontinued operations                     (3,927,977)
                                          -------------------------------------------------------------------------------------
Net loss                                            $ (3,164,595)      $  (512,173)               $  (108,549)       $ (7,054)
                                          =====================================================================================

Income (Loss) per Common Share

Income (Loss) before discontinued                       $    0.08       $    (0.06)                $    (0.01)          $    -
Loss from discontinued operations                          (0.43)              0.00                       0.00            0.00
                                          -------------------------------------------------------------------------------------
                                                      $    (0.35)       $    (0.06)                $    (0.01)          $    -
                                          =====================================================================================

Weighted Average Number of

  Common Shares Outstanding                             9,223,014         8,940,988                  9,487,067       8,940,988
                                          =====================================================================================

</TABLE>
<PAGE>
MASON HILL HOLDINGS, INC.

STATEMENT OF CASH FLOWS
(unaudited)

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------


                                                            Nine Months Ended Dec. 31,

                                                             1999              1998
                                                       ------------------------------------
Cash flows from operating activities:

<S>                                                        <C>                <C>
 Net loss                                                  $ (3,164,595)      $  (512,173)
                                                       ------------------------------------
Adjustments to reconcile net loss to net
cash used by operating activities:
(Increase) decrease in assets
    Due from broker dealers                                      700,466         (174,920)
    Securities owned                                         (2,677,794)           114,596
    Other assets                                               3,750,800         (122,662)
Increase in liabilities

    Commissions payable                                          179,859           162,625
    Accrued expenses and other liabilities                       571,382            34,877
    Securities sold, but not yet purchased                       230,315            29,827
                                                       ------------------------------------
Total adjustments                                              2,755,028            44,343
                                                       ------------------------------------
Net cash used by operating activities                          (409,567)         (467,830)
                                                       ------------------------------------

Cash flows from investing activities:

    Cash paid for equipment                                     (11,891)             (851)
                                                       ------------------------------------
Net cash used by investing activities                           (11,891)             (851)
                                                       ------------------------------------

Cash flows from financing activities:
    Decrease in subordinated liabilities
    Proceeds from paid in capital                                                  462,500
                                                       ------------------------------------
Net cash provided by financing activities                              0           462,500
                                                       ------------------------------------
Net decrease in cash                                           (421,458)           (6,181)
Cash - beginning                                                 484,377            20,194
                                                       ------------------------------------
Cash - end                                                   $    62,919       $    14,013
                                                       ====================================


Supplemental  disclosure of cash flow information:
 Cash paid during the periods for:

Interest expense                                             $     2,530       $     4,033
                                                       ====================================
Income taxes                                                 $       611       $       -
                                                       ====================================

</TABLE>


                                       29
<PAGE>
                    MASON HILL HOLDINGS, INC. AND SUBSIDIARY
    NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Unaudited)

NOTE 1 - BASIS OF PRESENTATION

     The accompanying  unaudited consolidated financial statements are presented
in  accordance  with  generally  accepted  accounting   principles  for  interim
financial  information  and the  instructions  to Form 10-QSB and item 310 under
subpart A of  Regulation  S-B. In the  opinion of  management,  all  adjustments
considered  necessary  for a fair  presentation  have been  included.  Operating
results for the three and nine month  periods  ended  December  31, 1999 are not
necessarily  indicative  of the results  that may be expected for the year ended
March 31, 2000.

     The  balance  sheet at March 31,  1999 has been  derived  from the  audited
financial  statements  at that date but does not include all of the  information
and footnotes required by generally accepted accounting  principles for complete
financial statements.

     For further information, refer to the consolidated financial statements and
footnotes  thereto included in the Company's current report on Form 8-K filed on
December 15, 1999.

NOTE 2 -DESCRIPTION OF COMPANY

     On October 1, 1999, the Company completed the acquisition of all the issued
and  outstanding  capital of Mason Hill & Co., Inc. in exchange for the issuance
of  15,886,618  shares  of Common  Stock.  In  addition  to the  foregoing,  the
Company's  then  existing  subsidiaries  were  reorganized  and  spun-off to its
shareholders.

     Simultaneously  with the acquisition of Mason Hill & Co., Inc., the Company
changed its name from Pride,  Inc. to Mason Hill  Holdings,  Inc. For  financial
reporting  purposes the transaction was accounted for as a reverse  acquisition.
Mason Hill & Co., Inc. was treated as the acquirer and is the ongoing  reporting
entity. As a result of the foregoing,  the Company has effectively  discontinued
its prior operations, and has now been reconstituted as a parent holding company
for Mason Hill & Co., Inc.

     Mason Hill Holdings is engaged, through its wholly-owned subsidiary,  Mason
Hill & Co., Inc., in commercial  brokerage  operations,  particularly retail and
institutional  sales of securities,  trading and market making  activities,  and
investment and merchant banking. In addition, Mason Hill & Co. intends to engage
in other aspects of the  securities  business,  such as the purchase and sale of
United States Government obligations, money market instruments, mortgage related
securities,  municipal and tax exempt  securities,  options and foreign exchange
commodities.

     In  the  opinion  of  management,   the  accompanying   unaudited   interim
consolidated  condensed  financial  statements of Mason Hill & Co., Inc. and its
subsidiary, contain all adjustments necessary to present the Company's financial
position as of December 31, 1999 and the results of its operations for the three
and nine month periods  ended  December 31, 1999 and 1998 and the cash flows for
the nine month periods ended December 31, 1999 and 1998.
<PAGE>
NOTES 3-FIXED ASSETS

Fixed assets consists of the following:
<TABLE>
<CAPTION>

                                                                        December 31,    March 31,
                                                                           1999           1999
                                                                         ------------------------
                                                                        (unaudited)
<S>                                                                     <C>             <C>
Leasehold improvements                                                  $106,839        $106,839
Furniture, fixtures and equipment                                        117,318          85,829
                                                                        ------------------------
                                                                         224,157         192,668
Less: Accumulated depreciation                                           163,412         143,814
                                                                        ------------------------
                                                                        $ 60,745        $ 48,854
                                                                        ------------------------

</TABLE>

NOTE 4-NEW ACCOUNTING PRONOUNCEMENTS

           Earnings (Loss) per share

The Company has adopted SFAS 128 'Earnings  Per Share'  ("SFAS  128'),  which is
effective for periods  ending after December 15, 1997 and has changed the method
of calculating  eamings (loss) per share.  SFAS 128 requires the presentation of
basic and diluted earnings (loss) per share on the face of the income statement.
Prior period earnings (loss) per share data has been restated in accordance with
SFAS  128.Loss  per common  share is computed  by  dividing  the net loss by the
weighted average number of common shares outstanding during the period.


<PAGE>
ITEM 2   Management's Discussion and Analysis of Financial Condition and
         Results of Operations

Overview

     Statements in this Quarterly Report on Form 10-QSB concerning the Company's
outlook  or  future  economic  performance,   anticipated  profitability,  gross
billings,   expenses  or  other  financial  items,  and  statements   concerning
assumption made or exceptions to any future events,  conditions,  performance or
other matter are "forward looking statements," as that term is defined under the
Federal  Securities  Laws.  Forward-looking  statements  are  subject  to risks,
uncertainties,  and other  factors  which would cause  actual  results to differ
materially from those stated in such statements. Such risks, uncertainties,  and
other factors which would cause actual results to differ  materially  from those
stated in such statements.  Such risks, and  uncertainties  and factors include,
but are not limited to: (i) changes in external  competitive  market  factors or
trends in the Company's results of operation; (ii) unanticipated working capital
or other cash requirements; and (iii) changes in the Company's business strategy
or an inability to execute its competitive  factors that may prevent the Company
from competing successfully in the marketplace.

Background

     Mason  Hill  Holdings,  Inc.  (the  "Company")  is a  Delaware  corporation
originally  incorporated  under the name  International  Sportfest,  Inc. in the
state of Delaware,  on September 11, 1988.  The Company was a development  stage
company with no operations  through  January 1994. In January 1994,  the Company
acquired  100% of the issued and  outstanding  common stock of Pride  Management
Services  Plc ("PMS").  PMS was a holding  company of six  subsidiaries,  in the
United Kingdom,  engaged in the leasing of motor vehicles  primarily on contract
hire to local authorities and selected corporate customers throughout the United
Kingdom.  Simultaneously with the acquisition, the Company changed its name from
International  Sportfest,  Inc. to Pride, Inc. From January 1994 through October
1999, the Company engaged in the leasing of motor vehicles primarily on contract
hire to local authorities and selected corporate customers throughout the United
Kingdom.

     On October 1, 1999, the Company completed the acquisition of all the issued
and  outstanding  capital of Mason Hill & Co., Inc. in exchange for the issuance
of  15,886,618  shares  of Common  Stock.  In  addition  to the  foregoing,  the
Company's  then  existing  subsidiaries  were  reorganized  and  spun-off to its
shareholders.

     Simultaneously  with the acquisition of Mason Hill & Co., Inc., the Company
changed its name from Pride,  Inc. to Mason Hill  Holdings,  Inc. For  financial
reporting  purposes the transaction was accounted for as a reverse  acquisition.
Mason Hill & Co., Inc. was treated as the acquirer and is the ongoing  reporting
entity. As a result of the foregoing,  the Company has effectively  discontinued
its prior operations, and has now been reconstituted as a parent holding company
for Mason Hill & Co., Inc.



<PAGE>
     Mason  Hill  Holdings,  Inc.  (the  "Company"),  through  its  wholly-owned
subsidiary,  Mason  Hill & Co.,  Inc.  ("Mason  Hill"),  offers  a full  line of
securities  brokerage  services to its  clients.  Mason Hill is a  broker-dealer
registered with the Securities and Exchange  Commission  ("SEC") and a member of
the National  Association of Securities  Dealers,  Inc. ("NASD").  Mason Hill is
currently  licensed to conduct  activities as a broker-dealer in forty-five (45)
states.  Mason Hill offers a full line of securities  brokerage  services to its
clients,  including  the  purchase  and  sale  of  listed  and  over-the-counter
securities,  fixed income instruments,  annuities and mutual funds. In addition,
Mason Hill  engages  in  investment  banking  activities  for small to  mid-size
companies by structuring  their  financing and raising  capital  through private
placements,  initial public offerings and secondary  offerings.  Mason Hill also
provides financial consulting services to publicly and privately held companies.

Results of Operations

Three months ended December 31, 1999 compared to three months ended December 31,
1998.

     Revenues for the three months ended  December 31, 1999 were  $3,388,012,  a
123% increase over prior year's revenues of $1,516,301. The increase in revenues
experienced  by the Company  resulted  primarily from an increase in commissions
and trading profits generated by the Company's  wholly-owned  subsidiary,  Mason
Hill & Co., Inc. The increase in commissions generated resulted from an increase
in the number of brokers  employed by Mason Hill & Co., as well as from revenues
generated by the Mason Hill & Co.'s new office  located in Linwood,  New Jersey.
Furthermore,  Mason Hill & Co.  benefited from the general increase in the stock
market and the increased level of trading activity by customers.

     Salaries and related  costs for the three  months  ended  December 31, 1999
were $2,103,341, a 118% increase over prior year's salaries and related costs of
$963,709.  The increase in salaries and commissions  primarily  resulted from an
increase in the number of brokers  employed by Mason Hill & Co.,  which resulted
in increased commission  generating activity, as well as from an increase in the
salaries payable to existing personnel.

     Operating  expenses  for the three  months  ended  December  31,  1999 were
$996,622, a 78% increase over prior year's operating expenses of $559,646.

     The Company  showed a loss  before  discontinued  operations  for the three
months  ended  December  31,  1999 of  $108,549  as  compared  to a loss  before
discontinued  operations of $7,054 for the same period ended  December 31, 1998.
The increase in the net loss was primarily a result of start-up costs associated
with the  opening  of Mason  Hill & Co.'s new office  located  in  Linwood,  New
Jersey.

     The Company showed a loss from discontinued operations for the three months
ended  December  31,  1999  that  was the  result  of the  discontinued  leasing
operations of the Company's former subsidiaries.
<PAGE>
     Loss per share for the three  months  ended  December 31, 1999 were ($0.35)
compared  to  ($0.06)  for the same  period  last year  using  the total  shares
presently outstanding of 8,940,988 in each period.

Nine months ended  December 31, 1999 compared to nine months ended  December 31,
1998.

     Revenues for the nine months ended  December  31, 1999 were  $9,397,988,  a
237% increase over prior year's revenues of $2,792,037. The increase in revenues
experienced  by the Company  resulted  primarily from an increase in commissions
and trading profits generated by the Company's  wholly-owned  subsidiary,  Mason
Hill & Co., Inc. The increase in commissions generated resulted from an increase
in the number of brokers  employed by Mason Hill & Co., as well as from revenues
generated by the Mason Hill & Co.'s new office  located in Linwood,  New Jersey.
Furthermore,  Mason Hill & Co.  benefited from the general increase in the stock
market and the increased level of trading activity by customers.

     Salaries and related costs for the nine months ended December 31, 1999 were
$5,758,638,  a 183%  increase  over prior year's  salaries and related  costs of
$2,034,106.  The increase in salaries and commissions primarily resulted from an
increase in the number of brokers  employed by Mason Hill & Co.,  which resulted
in increased commission  generating activity, as well as from an increase in the
salaries payable to existing personnel.

     Operating  expenses  for the nine  months  ended  December  31,  1999  were
$2,443,859, a 92% increase over prior year's operating expenses of $1,270,104.

     The Company  showed net loss for the nine months ended December 31, 1999 of
$3,164,595  as  compared to a net loss of  $512,173  for the same  period  ended
December 31, 1998. The increase in the net loss was a result of the discontinued
leasing operations of the Company's former subsidiaries.

     Loss per share for the nine  months  ended  December  31,  1999 were  $0.35
compared to $0.06 for the same period last year using the total shares presently
outstanding of 8,940,988.

Liquidity and Capital Resources

     Prior to the  completion  of the  acquisition  of Mason  Hill & Co.,  Inc.,
Pride, Inc. had limited working capital and its prospects were severely limited.
Upon  completion  of the  acquisition  of Mason Hill & Co.,  Inc.,  the  Company
changed its name to Mason Hill Holdings,  Inc. For financial  reporting purposes
the  transaction was accounted for as a reverse  acquisition.  Mason Hill & Co.,
Inc.  was  treated  as  the  acquirer  and  is  the  ongoing  reporting  entity.
Accordingly, the Company's working capital and its capital resources consists of
the financial situation of Mason Hill & Co., Inc.

     Mason Hill Holdings has subordinated loans outstanding pursuant to which it
has borrowed an aggregate of $230,000.  Such loans bear  interest at the rate of
10% per annum and are due and payable on August 31, 2000.
<PAGE>
     Mason Hill Holdings' working capital at December 31, 1999 was $1,383,817.

     Except for the existing  subordinated loans totaling  $230,000,  Mason Hill
Holdings has no other current  arrangements  in place with respect to financing.
Mason Hill Holdings is currently seeking to raise additional  capital to provide
the  necessary  capital  to fund our  expanding  operations  and to  pursue  our
business growth strategy.  There can be no assurances that additional  financing
will be available on acceptable terms, if at all.

Year 2000

     Neither the Company nor any of its third party vendors experienced any year
2000 problems.
<PAGE>
                                     PART II

                                OTHER INFORMATION

Item 1.  Legal Proceedings

         None.

Item 2.  Changes in Securities and Use of Proceeds

         None.

Item 3.  Defaults Upon Senior Securities

         None.

Item 4.  Submission of Matters to a Vote of Security Holders

         None.

Item 5.  Other Information

         None.

Item 6.  Exhibits and Reports on Form 8-K.

                  (A)      Exhibits:

                  None.

                  (B) Reports of Form 8-K filed during quarter:

                         On October 15, 1999 the Company  filed a report on Form
                    8-K regarding the acquisition of Mason Hill & Co., Inc.

                         On December 15, 1999 the Company filed a report on Form
                    8-K/A regarding the acquisition of Mason Hill & Co., Inc.
<PAGE>
                                   SIGNATURES

                  Pursuant to the requirements of the Securities Exchange Act of
                  1934,  the Registrant has duly caused this report to be signed
                  on its behalf by the undersigned thereunto duly authorized.

                                                       MASON HILL HOLDINGS, INC.

                                                     By: /s/ Christopher Kinsley
                                                                       President

Dated: February 17, 2000