| 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] |
|---------------------------|--------|---------------------|--------|----------------------------------------------------------------------------------|--------|------------------------------|

----

|   | 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                                                    |   13 |   |
|   |                                                                          |      |   |
|   | Item 6 - Exhibits                                                             |   14 |   |

----

|                                                                                      |   |         |        |   |      |   |
|-------------------------------------------------------------------------------------------|--------|--------------|-------------|--------|-----------|--------|
|                                                                                      |   | December 31, |        |   | March 31, |   |
| ASSETS                                                                                    |   | 2006         |        |   | 2007      |   |
| Current assets                                                                            |   |         |        |   |      |   |
|     Cash and cash equivalents                                         |   | $            | 9,626       |   |      | $      | 8,892 |   |
|     Prepaid expenses                                                  |   |         | -           |   |      |   | 43,184 |   |
|     Revenue receivable                                                |   |         | -           |   |      |   | 3,933 |   |
| Total current assets                                                                      |   |         | 9,626       |   |      |   | 56,009 |   |
|                                                                                      |   |         |        |   |      |   |   |   |
| Furniture and equipment, at cost net of accumulated                                       |   |         |        |   |      |   |   |   |
|     depreciation of $19,437(2006) and $19,672(2007)                   |   |         | 330,235     |   |      |   | 408,897 |   |
|                                                                                      |   |         |        |   |      |   |   |   |
|                                                                                      |   |         |        |   |      |   |   |   |
|                                                                                      |   |         |        |   |      |   |   |   |
|                                                                                      |   | $            | 339,861     |   |      | $      | 464,906 |   |
|                                                                                      |   |         |        |   |      |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                     |   |         |        |   |      |   |   |   |
| Current liabilities                                                                       |   |         |        |   |      |   |   |   |
|     Accounts payable                                                  |   | $            | 51,675      |   |      | $      | 78,866 |   |
|     Accrued expenses                                                  |   |         | -           |   |      |   | 10,826 |   |
|     Accrued payroll taxes                                             |   |         | 273,976     |   |      |   | 306,311 |   |
|     Notes payable & advances related parties                      |   |         | 419,375     |   |      |   | 482,026 |   |
|                                                                                      |   |         |        |   |      |   |   |   |
| Total current liabilities                                                                 |   |         | 745,026     |   |      |   | 878,029 |   |
|                                                                                      |   |         |        |   |      |   |   |   |
| Stockholders' deficit                                                                     |   |         |        |   |      |   |   |   |
|     Convertible Class A preferred stock; $10 face value,              |   |         |        |   |      |   |   |   |
|       1,000,000 shares authorized                           |   |         |        |   |      |   |   |   |
|       Series 1, 30,000 shares authorized, 0 (2006)          |   |         |        |   |      |   |   |   |
|       and 0 (2007) shares issued and outstanding            |   |         | -           |   |      |   | - |   |
|       Series 2, 25,000 shares authorized, 0 (2006)          |   |         |        |   |      |   |   |   |
|       and 0 (2007) shares issued and outstanding            |   |         | -           |   |      |   | - |   |
|     Common stock, no par value; 499,000,000 shares                    |   |         |        |   |      |   |   |   |
|       authorized, 307,155,754 (2006) and 329,655,754 (2007) |   |         | 12,810,628  |   |      |   | 12,866,878 |   |
|       shares issued and outstanding                         |   |         |        |   |      |   |   |   |
|     Accumulated deficit                                               |   |         | (13,201,268 | )      |      |   | (13,265,476 | ) |
|     Notes receivable from sale of stock                               |   |         | (14,525     | )      |      |   | (14,525 | ) |
|                                                                                      |   |         |        |   |      |   |   |   |
| Total stockholders' deficit                                                               |   |         | (405,165    | )      |      |   | (413,123 | ) |
|                                                                                      |   |         |        |   |      |   |   |   |
|                                                                                      |   |         |        |   |      |   |   |   |
|                                                                                      |   | $            | 339,861     |   |      | $      | 464,906 |   |

----

|                                                |   |   |        |   |   |   |
|-----------------------------------------------------|--------|--------|-------------|--------|--------|--------|
|                                                |   | 2006   |        |   | 2007   |   |
| Revenues                                            |   |   |        |   |   |   |
|    Oil & gas revenue             |   | $      | -           |   |   | $      | 3,933 |   |
|    Other income                      |   |   | 3,000       |   |   |   | - |   |
|                                                |   |   |        |   |   |   |   |   |
| Total revenues                                      |   |   | 3,000       |   |   |   | 3,933 |   |
|                                                |   |   |        |   |   |   |   |   |
| Operating expenses                                  |   |   |        |   |   |   |   |   |
|    Oil & gas operating expenses  |   |   | -           |   |   |   | 4,671 |   |
|    Depreciation                      |   |   | 544         |   |   |   | 235 |   |
|    Rent                              |   |   | -           |   |   |   | 625 |   |
|    Other operating expenses          |   |   | 69,703      |   |   |   | 59,316 |   |
|                                                |   |   |        |   |   |   |   |   |
| Total operating expenses                            |   |   | 70,247      |   |   |   | 64,846 |   |
|                                                |   |   |        |   |   |   |   |   |
| Net loss from operations                            |   |   | (67,247     | )      |   |   | (60,913 | ) |
|                                                |   |   |        |   |   |   |   |   |
| Other income (expense):                             |   |   |        |   |   |   |   |   |
|     Minority interest           |   |   | 2,005       |   |   |   | - |   |
|     Loss on sale of investments |   |   | -           |   |   |   | - |   |
|     Extinguishment of debt      |   |   | 97,859      |   |   |   | 7,530 |   |
|     Interest expense            |   |   | -           |   |   |   | (10,825 | ) |
|     Interest income             |   |   | -           |   |   |   | - |   |
|                                                |   |   |        |   |   |   |   |   |
| Total other income (expense)                        |   |   | 99,864      |   |   |   | (3,295 | ) |
|                                                |   |   |        |   |   |   |   |   |
|                                                |   |   |        |   |   |   |   |   |
| Net income (loss)                                   |   | $      | 32,617      |   |   | $      | (64,208 | ) |
|                                                |   |   |        |   |   |   |   |   |
| Basic and diluted loss per share                    |   |   | *           |   |   |   | * |   |
|                                                |   |   |        |   |   |   |   |   |
|                                                |   |   |        |   |   |   |   |   |
| Weighted average common shares outstanding          |   |   | 272,445,000 |   |   |   | 328,000,000 |   |
|                                                |   |   |        |   |   |   |   |   |

----

|                                                                         |   |                |        |   |   |   |       |                |   |   |                                |   |   |   |    |
|------------------------------------------------------------------------------|--------|---------------------|-------------|--------|--------|--------|------------|---------------------|--------|--------|-------------------------------------|--------|--------|--------|---------|
|                                                                         |   |                |        |   |   |   |       |                |   |   |                                |   |   |   |    |
|                                                                         |   |                |        |   |   |   |       |                |   |   |                                |   |   |   |    |
|                                                                         |   | Common Stock Shares |        |   | Amount |   |       | Accumulated Deficit |   |   | Notes Receivable From Sale of Stock |   |   | Total  |    |
|                                                                         |   |                |        |   |   |   |       |                |   |   |                                |   |   |   |    |   |   |   |   |   |
| Balance at December 31, 2006                                                 |   |                | 307,155,754 |   |   | $      | 12,810,628 |                |   | $      | (13,201,268                         | )      |   | $      | (14,525 | ) |   | $ | (405,165 | ) |
|     Issuance of common stock to directors                |   |                |        |   |   |   |       |                |   |   |                                |   |   |   |    |   |   |   |   |   |
|         and consultants for services |   |                | 22,500,000  |   |   |   | 56,250     |                |   |   | -                                   |   |   |   | -       |   |   |   | 56,250 |   |
|      Net loss                                       |   |                | -           |   |   |   | -          |                |   |   | (64,208                             | )      |   |   | -       |   |   |   | (64,208 | ) |
| Balance at March 31, 2007                                                    |   |                | 329,655,754 |   |   | $      | 12,866,878 |                |   | $      | (13,265,476                         | )      |   | $      | (14,525 | ) |   | $ | (413,123 | ) |

----

|                                                                                                              |   | 2006   |    |   | 2007   |   |
|-------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                                              |   |   |    |   |   |   |
| Cash flows from operating activities:                                                                             |   |   |    |   |   |   |
|     Net (loss) income                                                                         |   | $      | 32,617  |   |   | $      | (64,208 | ) |
|     Adjustments to reconcile net loss to net                                                  |   |   |    |   |   |   |   |   |
|       cash used in operating activities:                                            |   |   |    |   |   |   |   |   |
|           Depreciation and amortization                         |   |   | 544     |   |   |   | 235 |   |
|           Loss related to subsidiary spun-off                   |   |   | -       |   |   |   | - |   |
|           Stock  and options issued for services and  |   |   |    |   |   |   |   |   |
|             interest on notes                         |   |   | 62,050  |   |   |   | 56,250 |   |
|          Write down of assets included in loss from                  |   |   |    |   |   |   |   |   |
|             discontinued operations                   |   |   | -       |   |   |   | - |   |
|          Gain on reduction of notes receivable on sale of stock      |   |   | -       |   |   |   | - |   |
|          Changes in assets and liabilities:                          |   |   |    |   |   |   |   |   |
|             Accounts receivable                       |   |   | -       |   |   |   | (3,933 | ) |
|             Interest receivable                       |   |   | -       |   |   |   | - |   |
|             Prepaid expenses                          |   |   | -       |   |   |   | (43,184 | ) |
|             Accounts payable                          |   |   | (97,536 | )      |   |   | 59,054 |   |
|             Accrued expenses                          |   |   | (40     | )      |   |   | 10,826 |   |
|             Customer deposits                         |   |   | -       |   |   |   | - |   |
| Total adjustments                                                                                                 |   |   | (34,982 | )      |   |   | 79,248 |   |
|                                                                                                              |   |   |    |   |   |   |   |   |
|                                                                                                              |   |   |    |   |   |   |   |   |
| Net cash used in operating activities                                                                             |   |   | (2,365  | )      |   |   | 15,040 |   |
|                                                                                                              |   |   |    |   |   |   |   |   |
| Cash flows from investing activities:                                                                             |   |   |    |   |   |   |   |   |
|      Purchase of property and equipment                                                  |   |   | -       |   |   |   | (78,425 | ) |
|      Minority interest receivable                                                        |   |   | (503    | )      |   |   | - |   |
|                                                                                                              |   |   |    |   |   |   |   |   |
| Net cash used in investing activities                                                                             |   |   | (503    | )      |   |   | (78,425 | ) |
|                                                                                                              |   |   |    |   |   |   |   |   |
| Cash flows from financing activities:                                                                             |   |   |    |   |   |   |   |   |
|      Proceeds from issuance of preferred stock                                           |   |   | -       |   |   |   | - |   |
|      Proceeds from issuance of common stock                                              |   |   | -       |   |   |   | - |   |
|      Proceeds from exercise of stock options                                             |   |   | -       |   |   |   | - |   |
|      Reciept of advances - related parties                                               |   |   | 9,166   |   |   |   | 62,651 |   |
|      Payment of advances - related parties                                               |   |   | -       |   |   |   | - |   |
|                                                                                                              |   |   |    |   |   |   |   |   |
| Net cash provided by financing activities                                                                         |   |   | 9,166   |   |   |   | 62,651 |   |
|                                                                                                              |   |   |    |   |   |   |   |   |
| Net increase (decrease) in cash and cash equivalents                                                              |   |   | 6,298   |   |   |   | (734 | ) |
| Cash and cash equivalents at beginning of period                                                                  |   |   | 224     |   |   |   | 9,626 |   |
|                                                                                                              |   |   |    |   |   |   |   |   |
| Cash and cash equivalents at end of period                                                                        |   | $      | 6,522   |   |   | $      | 8,892 |   |
|                                                                                                              |   |   |    |   |   |   |   |   |
|                                                                                                              |   |   |    |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                                                                 |   |   |    |   |   |   |   |   |
|                                                                                                              |   |   | 2006    |   |   |   | 2007 |   |
|                                                                                                              |   |   |    |   |   |   |   |   |
|     Interest paid during the period                                                           |   | $      | -       |   |   | $      | - |   |
|     Income taxes paid during the period                                                       |   | $      | -       |   |   | $      | - |   |
|                                                                                                              |   |   |    |   |   |   |   |   |
| Supplemental disclosure of non-cash investing and financing activities:                                           |   |   |    |   |   |   |   |   |
|      During the quarter ended March 31, 2006 wages to officers and directors and fees to |   |   |    |   |   |   |   |   |
|         consultants of $62,050 were paid by the issuance of common stock  |   |   |    |   |   |   |   |   |
|      During the quarter ended March 31, 2007 wages to officers and directors and fees to |   |   |    |   |   |   |   |   |
|         consultants of $56,250 were paid by the issuance of common stock  |   |   |    |   |   |   |   |   |

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | December 31, |    |   | March 31, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|---------|--------|-----------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2006         |    |   | 2007      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |         |    |   |      |   |
|           Advances – Donald Prosser                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $            | 184,190 |   |      | $      | 224,190 |   |
|           Advances – Charles Gamber                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |         | 4,966   |   |      |   | 4,967 |   |
|           Advances – William Stewart                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |         | 75,219  |   |      |   | 95,219 |   |
|           Advances – John Herzog                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |         | --      |   |      |   | 2,650 |   |
|           Advances – Charles Davis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |         | 125,000 |   |      |   | 125,000 |   |
|           Advances – Thomas Raabe                                                                                                  |   |         | 30,000  |   |      |   |  30,000 |   |
| Balances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $            | 419,375 |   |      | $      | 482,026 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |         |    |   |      |   |   |   |
|     $420,000 of the advances bears interest at 9.7% per annum ;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |         |    |   |      |   |   |   |
|     $  62,026 of the advances bears interest at 8.0% per annum;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |         |    |   |      |   |   |   |
|     $  30,000 of the advances bears no interest.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |         |    |   |      |   |   |   |

----

----

----

----

----

----

| 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.                         |

----

| By:    | /s/ Charles L. Gamber, CEO                         |
|-----------------------|----------------------------------------------------|
|                  | Charles L. Gamber, Principal Executive Officer     |
|                  | Dated: December 17, 2010                           |
|                  |                                               |
|                  |                                               |
| By:    | /s/ John Herzog, Interim CFO                       |
|                  | John Herzog,                                       |
|                  | Interim Principal Financial and Accounting Officer |
|                  | Dated: December 17, 2010                           |

----

----