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 September 30, 2000

                                       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:   033-24178-A

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

<TABLE>
<CAPTION>
<S>                                                               <C>
                  Delaware                                        65-0109088
         (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 December 20, 2000,  approximately  16,833,216  shares,  $.002 par
value per share, of the Company were issued and outstanding.

<PAGE>
PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS (UNAUDITED)
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<CAPTION>

TABLE OF CONTENTS                                                                                                 PAGE

<S>                                                                                                               <C>
Consolidated  Balance Sheets as at September 30, 2000 and March 31, 2000                                          3

Consolidated Statements of Operations for the three months ended September 30, 2000 and September 30,1999         4

Consolidated Statements of Operations for the six months ended September 30, 2000 and September 30,1999           5

Consolidated Statements of Cash Flows for the six months ended September 30, 2000 and September 30,1999           6

Notes to Consolidated Financial Statements                                                                      7-8
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<PAGE>
MASON HILL HOLDINGS, INC.

CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>

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

                                                                   September 30, 2000         March 31, 2000
                                                                      (unaudited)
                                                                ==================================================
Assets:
<S>                                                                            <C>                      <C>
                Cash                                                           $ 509,439                $ 713,244
                Receivables from broker dealers                                        -                1,379,400
                Securities owned                                               1,080,146                  839,335
                Property and equipment, net                                       88,096                   84,952
                Other assets                                                     183,444                  212,455
                                                                --------------------------------------------------

                                                                             $ 1,861,125              $ 3,229,386
                                                                ==================================================

Liabilities:
                Commission payable                                             $ 115,495              $ 1,081,269
                Payable to broker dealers                                        560,891
                Accrued expenses and other liabilities                           155,283                  274,147
                Securities sold, but not yet purchased                             9,888                   10,875
                Loans payable                                                     64,000                  281,500
                                                                --------------------------------------------------
                                                                                 905,557                1,647,791

                Subordinated liabilities                                               -                  230,000
                                                                --------------------------------------------------

                                                                                 905,557                1,877,791
                                                                --------------------------------------------------

Stockholder's Equity:
                Common stock; $0.002 par value,
                20,000,000 shares authorized,
                15,138,769 shares issued and
                outstanding in 2000 and12,726,269 in 2000                         30,277                   25,452
                Paid-in-capital                                               15,315,223               14,402,243
                Foreign currency translation                                     (76,645)                 (76,645)
                Retained deficit                                             (14,313,287)             (12,999,455)
                                                                --------------------------------------------------

                                                                                 955,568                1,351,595
                                                                --------------------------------------------------

                                                                             $ 1,861,125              $ 3,229,386
                                                                ==================================================
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<PAGE>
MASON HILL HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
<TABLE>
<CAPTION>

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

                                                            Three months ended             Three months ended
                                                            September 30, 2000             September 30, 1999
                                                            ==================================================

<S>                                                                        <C>                    <C>
Revenue                                                                    $ 685,203              $ 3,467,271
                                                            --------------------------------------------------

Expenses:
                Salaries and commissions                                     937,986                1,508,381
                Stock based compensation Svc.                                232,050
                Clearing costs                                               358,126                  186,664
                Communications                                               157,457                  136,839
                Occupancy                                                     88,279                   90,862
                Interest                                                       2,867                    3,690
                Operating expenses                                           324,712                  185,330
                                                            --------------------------------------------------
                Salaries and related costs                                   685,012                2,146,917
                Commissions and clearing charges                             146,844                  202,119
                Communications and data processing                           164,718                  147,559
                Occupancy                                                    115,968                  169,570
                Interest (income) expense                                     (9,546)                   4,409
                Operating expenses                                           275,673                  355,702
                                                            --------------------------------------------------

                                                                           1,378,669                3,026,276
                                                            --------------------------------------------------

                Income (loss) before Taxes                                  (693,466)                 440,995

                Provision for Income taxes

                                                            --------------------------------------------------
                Net income (loss)                                         $ (693,466)               $ 440,995
                                                            ==================================================
</TABLE>

<PAGE>
MASON HILL HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
<TABLE>
<CAPTION>

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

                                                            Six months ended               Six months ended
                                                            September 30, 2000             September 30, 1999
                                                            ==================================================

<S>                                                                      <C>                      <C>
Revenue                                                                  $ 2,140,317              $ 6,009,974
                                                            --------------------------------------------------

Expenses:
                Salaries and commissions                                     937,986                1,508,381
                Stock based compensation Svc.                                232,050
                Clearing costs                                               358,126                  186,664
                Communications                                               157,457                  136,839
                Occupancy                                                     88,279                   90,862
                Interest                                                       2,867                    3,690
                Operating expenses                                           324,712                  185,330
                                                            --------------------------------------------------
                Salaries and related costs                                 1,855,048                3,655,298
                Commissions and clearing charges                             504,970                  388,783
                Communications and data processing                           322,175                  284,398
                Occupancy                                                    204,247                  260,432
                Interest (income) expense                                     (6,679)                   8,099
                Operating expenses                                           574,388                  541,032
                                                            --------------------------------------------------

                                                                           3,454,149                5,138,042
                                                            --------------------------------------------------

                Income (loss) before Taxes                                (1,313,832)                 871,932

                Provision for Income taxes
                                                            --------------------------------------------------
                Net income (loss)                                       $ (1,313,832)               $ 871,932
                                                            ==================================================



Income (Loss) per Common Share

Basic and diluted loss per common share                                      $ (0.09)                  $ 0.10
                                                            ==================================================

Weighted average common shares outstanding                                14,438,769                8,940,988
                                                            ==================================================
</TABLE>

<PAGE>
MASON HILL HOLDINGS, INC.

STATEMENTS OF CASH FLOW
(unaudited)
<TABLE>
<CAPTION>

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

                                                            Six months ended               Six months ended
                                                            September 30, 2000             September 30, 1999

                                                            ==================================================

Cash flow from operating activities:
<S>                                                                      <C>                      <C>
                Cash received from customers                             $ 4,130,608              $ 5,500,147
                Cash paid to suppliers and employees                      (4,283,525)              (5,430,079)
                Interest received (paid)                                       6,679                   (8,099)
                Income tax paid                                                 (880)                       -
                                                            --------------------------------------------------

                     Net Cash Provided by (Used in) Operating Activities    (147,118)                  61,969
                                                            --------------------------------------------------

Cash flows from investing activities:
                Purchase of investments                                     (247,846)                (533,581)
                Purchase of equipment                                         (3,144)                  (9,913)
                                                            --------------------------------------------------

                     Net Cash Used in Investing Activities                  (250,990)                (543,494)
                                                            --------------------------------------------------

Cash flows from financing activities:
                Short-term borrowing from (payments to) related parties         (987)                   8,475
                Proceeds from (payments of) loans                           (317,500)                   5,000
                Proceeds from issuance of stock                              512,790
                                                            --------------------------------------------------

                     Net Cash Provided by (Used in) Financing Activities     194,303                   13,475
                                                            --------------------------------------------------

Net decrease in cash                                                        (203,805)                (468,050)

Cash at beginning                                                            713,244                  484,377
                                                            --------------------------------------------------

                          Cash at End                                      $ 509,439                 $ 16,327
                                                            ==================================================
</TABLE>

<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.

General

     Mason Hill Holdings 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 on contract hire to local authorities and selected
corporate customers throughout the United Kingdom.

     On October 1, 1999, Mason Hill Holdings consummated an acquisition of all
of the issued and outstanding stock of Mason Hill & Co., in exchange for the
issuance of 15,886,618 shares of Common Stock of Mason Hill Holdings. As part of
the completed transaction, Mason Hill Holdings changed its name from Pride, Inc.
to Mason Hill Holdings, Inc., reduced its authorized capital from 500,000,000
shares of common stock to 20,000,000 shares, and accepted the resignation of its
officers and replaced them with the officers of Mason Hill & Co. In addition to
the foregoing, Mason Hill Holdings (i) reorganized its AC Investments and Pride
Management Services Investments, Inc. subsidiaries as wholly-owned subsidiaries
of AC Holdings, Inc., (ii) delivered 350,000 shares of Digital Mafia
Entertainment common stock to AC Holdings as a capital contribution, and (iii)
it spun-off 743,000 shares of Digital Mafia Entertainment common stock that it
owned to its shareholders. AC Holdings is a newly formed minority-owned
subsidiary of Mason Hill Holdings that Mason Hill Holdings intends to spin-off
to its shareholders. Finally, simultaneous with the closing of the agreement,
Mason Hill Holdings' stock underwent a 1 for 2 reverse split.

                                       3
<PAGE>
     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, through its wholly-owned subsidiary, Mason Hill & Co,
offers a full line of securities brokerage services to its clients. Mason Hill &
Co. 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 & Co. is currently licensed to conduct activities as a
broker-dealer in forty-five (45) states. Mason Hill & Co. 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 & Co. 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 & Co. also provides financial consulting
services to publicly and privately held companies.

Results of Operations

Six months ended  September 30, 2000 compared to six months ended  September 30,
1999.

     Total revenues for the six months ended September 30, 2000 decreased
$3,869,657 or 64.4% to $2,140,317 from $6,009,974 for the six months ended
September 30, 1999. The decrease in revenues experienced by the Company resulted
primarily from a decrease in commissions generated, as well as from trading
losses incurred, by the Company's wholly-owned subsidiary, Mason Hill & Co.,
Inc. The decrease in commissions generated resulted from the general decrease in
the stock market and the decreased level of trading activity by customers.

     Salaries and related costs for the six months ended September 30, 2000 were
$1,855,048, a $1,800,250 or 49.3% decrease over the salaries and related costs
of $3,655,298 for the same period last year. The decrease in salaries and
related costs primarily resulted from a decrease in the commissions payable to
existing personnel due to a decreased level of trading activity as well as from
a decrease in total salaries paid due to reductions in personnel.

     Commissions and clearing costs for the six months ended September 30, 2000
were $504,970, a $116,187 or 29.9% increase over the commissions and clearing
expenses of $388,783 for the same period last year. The increase related to
charges stemming from customer reneges on unsecured margin calls or non-payment
of deficits resulting from the general decrease in the stock market.

     The Company had a net loss for the six months ended September 30, 2000 of
($1,313,832) as compared to net income of $871,932 for the same period ended
September 30, 1999. The net loss primarily resulted from the reduction of
customer trades, as well as proprietary trading losses incurred by Mason Hill &
Co.

                                       4
<PAGE>
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.

     In March 2000, Mason Hill Holdings completed a private placement of
1,499,500 shares of its common stock from which it received net proceeds of
$578,300.

     In March 2000, Mason Hill also sold 555,555 shares of common stock to
Christopher Kinsley for an aggregate purchase price of $150,000. In addition, in
March 2000, Mason Hill sold 961,111 shares of common stock to an entity
controlled by Christopher Kinsley for an aggregate purchase price of $259,500.

     In July and August 2000, Mason Hill sold an aggregate of 1,362,500 Units,
each Unit composed of one share of common stock and two warrants to purchase
common stock of the Company, at a purchase price of $0.40 per Unit, from which
it received aggregate net proceeds of approximately $512,700.

     In September 2000, Christopher Kinsley agreed to exchange a $130,000
subordinated loan that he had made to the Company's wholly-owned subsidiary for
an aggregate of 1,444,444 shares of Common Stock.

     Mason Hill Holdings has no 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 its expanding operations and to pursue
its business growth strategy. There can be no assurances that additional
financing will be available on acceptable terms, if at all.

                                       5
<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:

                  27.1 - Financial Data Schedule

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

                  None.


<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
                                                         Christopher J. Kinsley,
                                                         President

Dated: December 20, 2000