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                SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, D.C. 20549

   
                             FORM 10Q/A

                           Amendment No. 1
    

           QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
              OF THE SECURITIES EXCHANGE ACT OF 1934


                For Quarter Ended March 31, 1998


                  Commission File Number 0-9394




 
                  BLACK DOME ENERGY CORPORATION
      -----------------------------------------------------
      (Exact name of registrant as specified in its charter)




          Colorado                                       84-0808397
-------------------------------              ---------------------------------
(State or other jurisdiction of              (IRS Employer Identification No.)
 incorporation or organization)


                        2374 Eldorado Lane
                    Evergreen, Colorado 80439
       ---------------------------------------------------
        (Address of principal executive offices) (Zip code)


Registrant's telephone number, including area code: (303)674-8756






Indicate by check mark whether the registrant (1) has filed all reports required
to be filed  by  Section  13 or 15 (d) of the  Securities  Exchange  Act of 1934
during the preceding 12 months (or for such shorter  period that the  registrant
was  required  to file such  reports),  and (2) has been  subject to such filing
requirements for the past 90 days.

                      __X__ Yes     _____ No



At March 31, 1998,  73,755 shares of no par value common stock (the registrant's
only class of voting stock) were outstanding.


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PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

                 BLACK DOME ENERGY CORPORATION
                    CONDENSED BALANCE SHEET

                                          March 31,     December 31,
                                            1998           1997
                                         (Unaudited)      (Note)
                                        -------------   ----------
                       ASSETS

Current Assets:

       Cash                               $        --   $       --
 
       Accounts Receivable                         --           --

             Total current assets         $        --   $       --


Property and equipment, at cost:

       Oil and gas properties - net
       (successful efforts method)                 --           --

       Materials and supplies                      --           --
                                                                --
 
       Deferred income tax assets                  --           --

             Total assets                 $        --   $       --
                                          -----------   ----------





















Note:  The balance  sheet at  December  31, 1997 has been taken from the audited
financial statements at that date, and condensed.

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                  BLACK DOME ENERGY CORPORATION
               CONDENSED BALANCE SHEET (Continued)

                                           March 31,       December 31,
                                             1998              1997
                                          (Unaudited)         (Note)
                                         -------------      -----------
LIABILITIES AND STOCKHOLDER'S EQUITY

Current Liabilities:

  Accounts Payable                        $        --       $        --

  Deferred Compensation                            --                --

        Total Current Liabilities                  --                --

  Stockholders' Equity:

  Common stock; no par value;
  authorized 10,000,000 shares,
  issued and outstanding 73,755               292,415           292,415

  Additional paid-in capital                1,895,938         1,895,938

  Accumulated deficit                      (2,188,353)       (2,188,353)

                                          $        --       $        --

       Total stockholders' equity                  --                --

       Total liabilities and
       stockholders' equity               $        --       $        --
                                          -----------       -----------





















Note:  The balance  sheet at  December  31, 1997 has been taken from the audited
financial statements at that date, and condensed.

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                 BLACK DOME ENERGY CORPORATION
                     STATEMENT OF OPERATIONS
                           (Unaudited)

                                               Three Months
                                                  Ended
                                                  March 31,
                                              1998       1997
                                            --------   --------
 Income (loss) from:
 
   Discontinued Operations                        --   $ (67,242)
                                                        --------
   Gain on sale of oil and gas properties         --     742,484

   Income Tax expense                             --     300,000
                                                        --------
                                                  --     442,484
                                                        --------
    Net Income (loss)                             --   $ 375,242
                                                        ========

   Income (loss) per common share                 --   $    5.09
                                            --------    ========








 

























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                 BLACK DOME ENERGY CORPORATION
                    STATEMENT OF CASH FLOWS

                                             Three Months Ended
                                                  March 31,
                                              1998       1997
                                            --------   ---------
Cash flows from operating activities:
    Net income (loss)                             --   $ 375,242

Less gain on sale of oil & gas properties         --    (742,484)

Changes in assets and liabilities:
  Increase  decrease in receivables               --      97,326
  (Decrease) in accounts payable                  --     (48,019)
  Incease in deferred tax asset                   --     300,000
  (Decrease) in deferred compensation             --    (132,100)
                                                        --------
  Net cash (used) by operating activities         --    (150,035)
                                                        --------
Cash flows from investing activities:
  Proceeds from sale of oil and gas properties    --     921,250
  Purchase of capital items                       --      (7,483)
                                                        --------
  Net cash provided by investing activities       --     913,767
                                                        --------
Cash flows from financing activities:
  Increase in cash                                --     767,732
                                                        --------
Cash balance at beginning of period               --     128,220
                                                        --------
Cash balance at end of period                     --   $ 891,952
                                                        ========
























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                 Notes to Financial Statements of
                  Black Dome Energy Corporation

                          March 31, 1998
                           (UNAUDITED)

NOTE 1 -- Basis of Preparation and Presentation

The Black Dome Energy Corporation financial statements included herein have been
prepared by the Company, without audit, pursuant to the rules and regulations of
the Securities and Exchange Commission and include all adjustments which are, in
the  opinion  of  management,   necessary  for  a  fair  presentation.   Certain
information and footnote  disclosures  normally included in financial statements
prepared in accordance with generally accepted  accounting  principles have been
condensed  or  omitted  pursuant  to such  rules and  regulations.  The  Company
believes that the disclosures are adequate to make the information presented not
misleading;  however, it is suggested that these financial statements be read in
conjunction  with the  financial  statements  and the  notes  thereto  which are
incorporated  by reference in the  Company's  Annual Report on Form 10-K for the
fiscal year ended December 31, 1997. The financial data for the interim  periods
may not necessarily be indicative of results to be expected for the year.

NOTE  2 -- On  May  15,  1998,  all  of  the  assets  were  distributed  to  the
shareholders of the Corporation.

Item 2.  Management's Discussion and Analysis of Financial Condition and Results
of Operations.

General

This discussion and analysis covers variations in the balance sheets of December
31, 1997, and March 31, 1998, and in the statements of operations and changes in
cash flows for the three-month periods ended March 31, 1998 and 1997.

Liquidity and Capital Resources
 
As a result of the sale of all the Corporation's oil and gas properties, working
capital at March 31, 1998 was zero.

Results of Operations
 
The  Corporation  sold all of its  operating  oil and gas  properties  effective
December 31, 1996 and ceased  operations.  Costs incurred through March 31, 1998
resulted mostly from administrative costs incurred in the closing of operations.

                  PART II - OTHER INFORMATION

Item 1.  Legal Proceedings.  None.
Item 2.  Changes in Securities.  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:   None
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                         SIGNATURES

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

                                 BLACK DOME ENERGY CORPORATION


Date: July 8, 1998                 By: /s/ Edgar J. Huff
                                   Edgar J. Huff, President
                                   and Chief Financial Officer







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                               EXHIBIT INDEX
EXHIBIT                                               METHOD OF FILING
-------                                        ------------------------------
  27.     Financial Data Schedule               Filed herewith electronically