| Colorado                                                       | 84-1508638                                 |
|----------------------------------------------------------------|--------------------------------------------|
| (State or Other Jurisdiction of Incorporation or Organization) |  (I.R.S. Employer Identification No.) |
|                                                           |                                       |
|                                                           |                                       |
|  P.O. Box 141 Westminster, Colorado                       |  80036                                |
| (Address of Principal Executive Offices)                       |   (Zip Code)                     |

| LargeAccelerated Filer [] |   | AcceleratedFiler [] |   | Non-Accelerated Filer [] (Do not check if a smaller reporting company) |   | Smaller ReportingCompany [X] |
|---------------------------|--------|---------------------|--------|----------------------------------------------------------------------------------|--------|------------------------------|

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|   | Part 1 - Financial Information                                                |      |   |
|--------|-------------------------------------------------------------------------------|-----------|--------|
|   |                                                                          |      |   |
|   | Item 1 - Financial Statements (Unaudited)                                     |   3  |   |
|   |                                                                          |      |   |
|   | Item 2 - Management’s Discussion and Analysis and Results of Operations |  9   |   |
|   |                                                                          |      |   |
|   | Item 3 - Quantitative and Qualitative Disclosures about Market Risk           |   12 |   |
|   |                                                                          |      |   |
|   | Item 4 - Controls and Procedures                                              |   13 |   |
|   |                                                                          |      |   |
|   | Part 2 - Other Information                                                    |      |   |
|   |                                                                          |      |   |
|   | Item 1 - Legal Proceedings                                                    |  13  |   |
|   |                                                                          |      |   |
|   | Item 2 - Sales of Unregistered Equity Securities and Use of Proceeds          |   13 |   |
|   |                                                                          |      |   |
|   | Item 3 - Defaults upon Senior Securities                                      |   13 |   |
|   |                                                                          |      |   |
|   | Item 4 - Submission of Matters to a Vote of Security Holders                  |   13 |   |
|   |                                                                          |      |   |
|   | Item 5 - Other Information                                                    |   14 |   |
|   |                                                                          |      |   |
|   | Item 6 - Exhibits                                                             |   15 |   |

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|                                                                                      |   | December 31, |        |   | June 30, |   |
|-------------------------------------------------------------------------------------------|--------|--------------|-------------|--------|----------|--------|
| ASSETS                                                                                    |   | 2008         |        |   | 2009     |   |
| Current assets                                                                            |   |         |        |   |     |   |
|     Cash and cash equivalents                                         |   | $            | 23,904      |   |     | $      | 22,553 |   |
|     Advances                                                          |   |         | 30,000      |   |     |   | - |   |
|     Revenue receivable                                                |   |         | 5,151       |   |     |   | 15,476 |   |
| Total current assets                                                                      |   |         | 59,055      |   |     |   | 38,029 |   |
|                                                                                      |   |         |        |   |     |   |   |   |
| Furniture and equipment, at cost net of accumulated                                       |   |         |        |   |     |   |   |   |
|     depreciation of $95,682(2008) and $117,792(2009)                  |   |         | 366,184     |   |     |   | 344,075 |   |
|                                                                                      |   |         |        |   |     |   |   |   |
|                                                                                      |   |         |        |   |     |   |   |   |
|                                                                                      |   |         |        |   |     |   |   |   |
|                                                                                      |   | $            | 425,239     |   |     | $      | 382,103 |   |
|                                                                                      |   |         |        |   |     |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                     |   |         |        |   |     |   |   |   |
| Current liabilities                                                                       |   |         |        |   |     |   |   |   |
|     Accounts payable                                                  |   | $            | 343,088     |   |     | $      | 383,172 |   |
|     Accrued expenses                                                  |   |         | 86,728      |   |     |   | 118,491 |   |
|     Accrued payroll taxes                                             |   |         | 235,898     |   |     |   | 235,898 |   |
|     Notes payable & advances related parties                      |   |         | 492,125     |   |     |   | 492,125 |   |
|                                                                                      |   |         |        |   |     |   |   |   |
| Total current liabilities                                                                 |   |         | 1,157,839   |   |     |   | 1,229,686 |   |
|                                                                                      |   |         |        |   |     |   |   |   |
| Stockholders' deficit                                                                     |   |         |        |   |     |   |   |   |
|     Convertible Class A preferred stock; $10 face value,              |   |         |        |   |     |   |   |   |
|       1,000,000 shares authorized                           |   |         |        |   |     |   |   |   |
|       Series 1, 30,000 shares authorized, 0 (2008)          |   |         |        |   |     |   |   |   |
|       and 0 (2009) shares issued and outstanding            |   |         | -           |   |     |   | - |   |
|       Series 2, 25,000 shares authorized, 0 (2008)          |   |         |        |   |     |   |   |   |
|       and 0 (2009) shares issued and outstanding            |   |         | -           |   |     |   | - |   |
|     Common stock, no par value; 499,000,000 shares                    |   |         |        |   |     |   |   |   |
|       authorized, 491,155,754 (2008) and 493,155,754 (2009) |   |         | 13,577,403  |   |     |   | 13,587,403 |   |
|       shares issued and outstanding                         |   |         |        |   |     |   |   |   |
|     Accumulated deficit                                               |   |         | (14,307,664 | )      |     |   | (14,432,647 | ) |
|     Notes receivable from sale of stock                               |   |         | (2,339      | )      |     |   | (2,339 | ) |
|                                                                                      |   |         |        |   |     |   |   |   |
| Total stockholders' deficit                                                               |   |         | (732,600    | )      |     |   | (847,583 | ) |
|                                                                                      |   |         |        |   |     |   |   |   |
|                                                                                      |   |         |        |   |     |   |   |   |
|                                                                                      |   | $            | 425,239     |   |     | $      | 382,103 |   |

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|                                               |   | Three Months    |        |   | Three Months    |   |        | Six Months      |   |   | Six Months      |   |
|----------------------------------------------------|--------|-----------------|-------------|--------|-----------------|--------|-------------|-----------------|--------|--------|-----------------|--------|
|                                               |   | Ending June 30, |        |   | Ending June 30, |   |        | Ending June 30, |   |   | Ending June 30, |   |
|                                               |   | 2008            |        |   | 2009            |   |        | 2008            |   |   | 2009            |   |
| Revenues                                           |   |            |        |   |            |   |        |            |   |   |            |   |
|    Oil & gas revenue            |   | $               | 243,917     |   |            | $      | 49,060      |            |   | $      | 437,128         |   |   | $ | 83,132 |   |
|    Other income                     |   |            | -           |   |            |   | -           |            |   |   | -               |   |   |   | - |   |
|                                               |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
| Total revenues                                     |   |            | 243,917     |   |            |   | 49,060      |            |   |   | 437,128         |   |   |   | 83,132 |   |
|                                               |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
| Operating expenses                                 |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
|    Oil & gas operating expenses |   |            | 241,013     |   |            |   | 74,169      |            |   |   | 445,002         |   |   |   | 130,121 |   |
|    Depreciation                     |   |            | 11,055      |   |            |   | 11,055      |            |   |   | 22,110          |   |   |   | 22,110 |   |
|    Rent                             |   |            | 792         |   |            |   | 750         |            |   |   | 1,747           |   |   |   | 2,081 |   |
|    Other operating expenses         |   |            | 140,713     |   |            |   | 9,714       |            |   |   | 336,009         |   |   |   | 30,208 |   |
|                                               |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
| Total operating expenses                           |   |            | 393,573     |   |            |   | 95,688      |            |   |   | 804,868         |   |   |   | 184,520 |   |
|                                               |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
| Net loss from operations                           |   |            | (149,656    | )      |            |   | (46,628     | )               |   |   | (367,740        | )      |   |   | (101,388 | ) |
|                                               |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
| Other income (expense):                            |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
|     Extinguishment of debt     |   |            | -           |   |            |   | -           |            |   |   | -               |   |   |   | - |   |
|     Interest expense           |   |            | (11,798     | )      |            |   | (11,798     | )               |   |   | (23,595         | )      |   |   | (23,595 | ) |
|                                               |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
| Total other income (expense)                       |   |            | (11,798     | )      |            |   | (11,798     | )               |   |   | (23,595         | )      |   |   | (23,595 | ) |
|                                               |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
|                                               |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
| Net income (loss)                                  |   | $               | (161,454    | )      |            | $      | (58,426     | )               |   | $      | (391,335        | )      |   | $ | (124,983 | ) |
|                                               |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
| Basic and diluted loss per share                   |   |            | *           |   |            |   | *           |            |   |   | *               |   |   |   | * |   |
|                                               |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
|                                               |   |            |        |   |            |   |        |            |   |   |            |   |   |   |   |   |
| Weighted average common shares outstanding         |   |            | 465,000,000 |   |            |   | 493,000,000 |            |   |   | 453,000,000     |   |   |   | 493,000,000 |   |

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|                                                                         |   | Common Stock Shares |        |   | Amount |   |       | Accumulated Deficit |   |   | Notes Receivable from Sale of Stock |   |   | Total  |   |
|------------------------------------------------------------------------------|--------|---------------------|-------------|--------|--------|--------|------------|---------------------|--------|--------|-------------------------------------|--------|--------|--------|--------|
| Balance at December 31, 2008                                                 |   |                | 491,155,754 |   |   | $      | 13,577,403 |                |   | $      | (14,307,664                         | )      |   | $      | (2,339 | ) |   | $ | (732,600 | ) |
|     Issuance of common stock to directors                |   |                |        |   |   |   |       |                |   |   |                                |   |   |   |   |   |   |   |   |   |
|         and consultants for services |   |                | 2,000,000   |   |   |   | 10,000     |                |   |   |                                |   |   |   |   |   |   |   | 10,000 |   |
|      Net loss                                       |   |                |        |   |   |   |       |                |   |   | (124,983                            | )      |   |   |   |   |   |   | (124,983 | ) |
| Balance at June 30, 2009                                                     |   |                | 493,155,754 |   |   | $      | 13,587,403 |                |   | $      | (14,432,647                         | )      |   | $      | (2,339 | ) |   | $ | (847,583 | ) |

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|                                                                                                                |   | 2008   |     |   | 2009   |   |
|---------------------------------------------------------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|
|                                                                                                                |   |   |     |   |   |   |
| Cash flows from operating activities:                                                                               |   |   |     |   |   |   |
|     Net (loss) income                                                                           |   | $      | (391,335 | )      |   | $      | (124,983 | ) |
|     Adjustments to reconcile net loss to net                                                    |   |   |     |   |   |   |   |   |
|       cash used in operating activities:                                              |   |   |     |   |   |   |   |   |
|           Depreciation and amortization                           |   |   | 22,110   |   |   |   | 22,110 |   |
|           Stock  and options issued for services and    |   |   |     |   |   |   |   |   |
|             interest on notes                           |   |   | 316,400  |   |   |   | 10,000 |   |
|          Changes in assets and liabilities:                            |   |   |     |   |   |   |   |   |
|             Accounts receivable                         |   |   | (45,479  | )      |   |   | (10,325 | ) |
|             Advances                                    |   |   | -        |   |   |   | 30,000 |   |
|             Prepaid expenses                            |   |   | (28,792  | )      |   |   | - |   |
|             Accounts payable                            |   |   | 214,819  |   |   |   | 40,084 |   |
|             Accrued expenses                            |   |   | 6,934    |   |   |   | 31,763 |   |
| Total adjustments                                                                                                   |   |   | 485,992  |   |   |   | 123,632 |   |
|                                                                                                                |   |   |     |   |   |   |   |   |
|                                                                                                                |   |   |     |   |   |   |   |   |
| Net cash provided (used) in operating activities                                                                    |   |   | 94,657   |   |   |   | (1,351 | ) |
|                                                                                                                |   |   |     |   |   |   |   |   |
| Cash flows from investing activities:                                                                               |   |   |     |   |   |   |   |   |
|      Purchase of property and equipment                                                    |   |   | -        |   |   |   | - |   |
|                                                                                                                |   |   |     |   |   |   |   |   |
| Net cash used in investing activities                                                                               |   |   | -        |   |   |   | - |   |
|                                                                                                                |   |   |     |   |   |   |   |   |
| Cash flows from financing activities:                                                                               |   |   |     |   |   |   |   |   |
|      Reciept of advances - related parties                                                 |   |   | -        |   |   |   | - |   |
|      Payment of advances - related parties                                                 |   |   | -        |   |   |   | - |   |
|                                                                                                                |   |   |     |   |   |   |   |   |
| Net cash provided by financing activities                                                                           |   |   | -        |   |   |   | - |   |
|                                                                                                                |   |   |     |   |   |   |   |   |
| Net increase (decrease) in cash and cash equivalents                                                                |   |   | 94,657   |   |   |   | (1,351 | ) |
| Cash and cash equivalents at beginning of period                                                                    |   |   | 28,992   |   |   |   | 23,904 |   |
|                                                                                                                |   |   |     |   |   |   |   |   |
| Cash and cash equivalents at end of period                                                                          |   | $      | 123,649  |   |   | $      | 22,553 |   |
|                                                                                                                |   |   |     |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                                                                   |   |   |     |   |   |   |   |   |
|                                                                                                                |   |   | 2008     |   |   |   | 2009 |   |
|     Interest paid during the period                                                             |   | $      | 17,500   |   |   | $      | - |   |
|     Income taxes paid during the period                                                         |   | $      | -        |   |   | $      | - |   |
|                                                                                                                |   |   |     |   |   |   |   |   |
| Supplemental disclosure of non-cash investing and financing activities:                                             |   |   |     |   |   |   |   |   |
|      During the six months ended June 30, 2008 wages to officers and directors and fees to |   |   |     |   |   |   |   |   |
|         consultants of $316,400 were paid by the issuance of common stock   |   |   |     |   |   |   |   |   |
|      During the six months ended June 30, 2009 wages to officers and directors and fees to |   |   |     |   |   |   |   |   |
|         consultants of $10,000 were paid by the issuance of common stock    |   |   |     |   |   |   |   |   |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   | 2008    |   |   |    | 2009    |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|---------|---------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |    |   |   |    |    |   |
|           Advances – Donald Prosser                                                                                                                                                                                                                                                                                                                                                                |   | $      | 200,000 |   |   | $  | 200,000 |   |
|           Advances – Donald Prosser                                                                                                                                                                                                                                                                                                                                                                |   |   | 24,290  |   |   |    | 24,290  |   |
|           Advances – Charles Gamber                                                                                                                                                                                                                                                                                                                                                                |   |   | 4,966   |   |   |    | 4,966   |   |
|           Advances – William Stewart                                                                                                                                                                                                                                                                                                                                                               |   |   | 20,219  |   |   |    | 20,219  |   |
|           Advances – William Stewart                                                                                                                                                                                                                                                                                                                                                               |   |   | 75,000  |   |   |    | 75,000  |   |
|           Advances – Charles Davis                                                                                                                                                                                                                                                                                                                                                                 |   |   | 125,000 |   |   |    | 125,000 |   |
|           Advances – Charles Davis                                                                                                                                                                                                                                                                                                                                                                 |   |   | 40,000  |   |   |    | 40,000  |   |
|           Advances – John Herzog                                                            |   |   | 2,650   |   |   |    | 2,650   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |    |   |   |    |    |   |
| Balances                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $      | 492,125 |   |   | $       | 492,125 |   |

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|  Exhibit Number | Description                                                                                                                                            |
|----------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
|                 |                                                                                                                                                   |
| 31.1                 | Certification of CEO pursuant to Rule 13a-14(a)  or 15d-14(a) of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.2                 | Certification of CFO pursuant to Rule 13a-14(a)  or 15d-14(a) of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 32.1                 | Certification of CEO pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                          |
| 32.2                 | Certification of CFRO pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                         |

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| By:    | /s/ Charles L. Gamber, CEO                         |
|-----------------------|----------------------------------------------------|
|                  | Charles L. Gamber, Principal Executive Officer     |
|                  | Dated: February 2, 2011                            |
|                  |                                               |
|                  |                                               |
| By:    | /s/ John Herzog, Interim CFO                       |
|                  | John Herzog,                                       |
|                  | Interim Principal Financial and Accounting Officer |
|                  | Dated: February 2, 2011                            |

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