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             MARCH 31, 2001

[]   Transition Report Under Section 13 or 15(d) of the Exchange
     Act

For the transition period from  _______________to________________

Commission file number                     0-20193

                        AMERICOMM RESOURCES CORPORATION
      (Exact name of small business issuer as specified in its Charter)

             DELAWARE                              73-1238709
(State or other jurisdiction of                (I.R.S. Employer
incorporation or organization)                 Identification No.)

15 E. 5TH STREET, SUITE 4000, TULSA, OK            74103-4346
(Address of principal executive offices)           (Zip Code)

(Issuer's telephone number)                        (918) 587-8093

                           NOT APPLICABLE
   (Former name, former address and former fiscal year, if changed
                      since last report)

    State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date:

    Common Stock, $.001 Par Value - 16,002,908 shares outstanding as of
April 30, 2001.

Transitional Small Business Disclosure Format: [] Yes   [X] No


                       AMERICOMM RESOURCES CORPORATION

                          INDEX TO FORM 10-QSB


Part I.         FINANCIAL INFORMATION               Page

Item 1.         Financial Statements

                Balance Sheet at March 31, 2001
                (Unaudited)                            3

                Statement of Income for the three
                months ended March 31, 2001
                and March 31, 2000
                (Unaudited)                            4

                Statement of Cash Flows for the
                three months ended March 31, 2001
                and March 31, 2000
                (Unaudited)                            5

                Notes to Financial Statements          6

Part II. OTHER INFORMATION

Item 2.  Changes in Securities                        10

Item 6.  Exhibits and Reports on Form 8-K             10

Signatures                                            11


Item 1.  FINANCIAL STATEMENTS

                       AMERICOMM RESOURCES CORPORATION

                              BALANCE SHEET

                               (UNAUDITED)

                             MARCH 31, 2001

                                 ASSETS


Current assets:
  Cash and cash equivalents                      $      82,988
  Accounts receivable                                   35,604
                                                 _____________

     Total current assets                              118,592
                                                 _____________

Investments in prospects                               926,946
Property & equipment net of accumulated
   depreciation of $3,799                                8,834
                                                 _____________

     Total property & equipment                        935,780
                                                 _____________

TOTAL ASSETS                                     $   1,054,372
                                                 _____________


            LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accrued payroll                                      55,395
  Payroll taxes payable                                  (112)
                                                 ____________

     Total current liabilities                         55,283
                                                 ____________

Stockholders' equity:
  Common stock, $.001 par value;
    authorized 50,000,000 shares
    16,003,040 shares issued, of which
    132 shares are held in Treasury                   16,003
  Capital in excess of par value                   2,841,420
  Retained earnings                               (1,815,254)
  Net income (loss)                               (   43,080)
                                                 ___________

     Total stockholders' equity                      999,089
                                                 ___________

TOTAL LIABILITIES AND EQUITY                     $ 1,054,372
                                                 ___________


See accompanying notes to financial statements.


                        AMERICOMM RESOURCES CORPORATION

                             STATEMENT OF INCOME

                                (UNAUDITED)

                            FOR THE THREE MONTHS

                   ENDED MARCH 31, 2001 AND MARCH 31, 2000



                                       Three Months   Three Months
                                              Ended          Ended
                                          March 31,      March 31,
                                               2001           2000
                                       ____________   ____________

Revenues:
  Income                               $          0   $          0
                                       ____________   ____________

     Total income                                 0              0
                                       ____________   ____________

Costs and expenses:
  General and administrative
    Expenses                                39,757          27,303
                                       ___________    ____________

     Total costs and expenses               39,757          27,303
                                       ___________    ____________

Other (income) & expenses:
  Interest income                           (1,199)              0
  Miscellaneous income                      (   47)              0
  Interest expense                           4,571               0
                                       ___________    ____________
     Total other (income) expenses           3,323               0
                                       ___________    ____________

  Net income (loss)                    $   (43,080)   $    (27,303)
                                       ___________    ____________
  Net income (loss)
    per common share                             0               0
                                       ___________    ____________

Weighted average number of
  common shares outstanding             16,003,040      14,212,923
                                       ___________    ____________

See accompanying notes to financial statements


                        AMERICOMM RESOURCES CORPORATION

                           STATEMENT OF CASH FLOWS

                                (UNAUDITED)

                            FOR THE THREE MONTHS

                   ENDED MARCH 31, 2001 AND MARCH 31, 2000


                                       Three Months   Three Months
                                              Ended          Ended
                                          March 31,      March 31,
                                               2001           2000
                                       ____________   ____________


CASH FLOWS FROM OPERATING ACTIVITIES:
  Operations:
  Net income (loss)                    $    (43,080)  $    (27,303)
    Adjustments to reconcile net
    loss to net cash provided
    by operating activities:
    Depreciation expense                        525            681
  Changes in operating assets
    and liabilities:
    Prepaid expenses                          3,569          3,244
    Deposits                                      0          3,244
    Accruals                                (39,747)             0
                                        ___________    ___________

  Total adjustments                         (35,653)         7,169
                                        ___________    ___________
  Net cash provided (used)
    by operating activities                 (78,733)       (20,134)
                                        ___________    ___________

CASH FLOWS FROM INVESTING ACTIVITIES:
  Cash payments for investments
    in prospects                            (45,541)      (108,299)
                                        ___________    ___________
  Net cash provided (used)
    by investing activities                 (45,541)      (108,299)
                                        ___________    ___________

CASH FLOWS FROM FINANCING ACTIVITIES:
  Issuance of common stock                  477,016              0
  Proceeds from note payable -
    related party                                 0        110,000
  Repayment of note payable -
    related party                          (282,754)             0
                                        ___________    ___________

  Net cash provided (used) by
    financing activities                    194,262        110,000
                                        ___________    ___________

NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS                            69,988         (18,433)

CASH AND CASH EQUIVALENTS,
  beginning of year                         13,000          23,153
                                       ___________    ___________

CASH AND CASH EQUIVALENTS,
  end of quarter                       $    82,988    $     4,720
                                       ___________    ___________

See accompanying notes to financial statements.


                        AMERICOMM RESOURCES CORPORATION

                         NOTES TO FINANCIAL STATEMENTS

                                (UNAUDITED)


1.	BASIS OF PRESENTATION:

In the opinion of management the accompanying unaudited financial
statements contain all adjustments, all of which were of a normal
recurring nature, necessary to summarize fairly the Registrant's
financial position and results of operations.  The results of
operations for the three months ended March 31, 2001 may not be
indicative of the results that may be expected for the year ending
December 31, 2001.  These statements should be read in conjunction
with the financial statements and notes thereto included in the
Registrant's Form 10-KSB for its fiscal year ended December 31, 2000.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Oil and gas properties - The Company uses the successful efforts
method of accounting for its oil and gas activities.  Costs
incurred are deferred until exploration and completion results are
evaluated.  At such time, costs of activities with economically
recoverable reserves are capitalized as proven properties, and
costs of unsuccessful or uneconomical development work are expensed.

Cash and cash equivalents - The Company defines cash and cash
equivalents to be cash on hand, cash in checking accounts,
certificates of deposit, cash in money market accounts and certain
investments with maturities of three months or less from the date
of purchase.

3.	INCOME TAXES:

As of December 31, 2000, the Company has tax net operating loss
carryforwards totaling approximately $856,000.  If not used,
these carryforwards will expire in the years 2005 to 2020.

Item 2.  PLAN OF OPERATION

	All statements, other than statements of historical fact
contained in this report are forward-looking statements.
Forward-looking statements generally are accompanied by words
such as "anticipate," "believe," "estimate," "expect," "may,"
"might," "potential," "project" or similar statements.
Although the Registrant believes that the expectations reflected
in such forward-looking statements are reasonable, no assurance
can be given that such expectations will prove correct.  Factors
that could cause the Registrant's results to differ materially
from the results discussed in such forward-looking statements
include the need for additional capital, the costs expected to
be incurred in the exploration and development of the
Registrant's properties, unforeseen engineering, mechanical
or technological difficulties in drilling wells, uncertainty of
exploration results, operating hazards, competition from
other natural resource companies, the fluctuations of prices for oil
and gas, the effects of governmental and environmental regulation,
general economic conditions and other risks described in the
Registrant's filings with the Securities and Exchange Commission.
Accordingly, the actual results of the Registrant's operations in
the future may vary widely from the forward-looking statements
included herein, and all forward-looking statements in this Report
are expressly qualified in their entirety by the cautionary
statements in this paragraph.

     The Registrant had no income producing oil and gas properties
at March 31, 2001.  However, an oil and gas test well was drilled
in January 2001 on the Registrant's principal asset, the Cheyenne
River Prospect.  The test well encountered flows of oil and natural
gas during the drilling period and was subsequently completed as an
oil well as described below.

     As of April 30, 2001, the Registrant had approximately $28,138.58
cash on hand, which amount includes the proceeds of a $150,000 sale of
its common stock which was effected in January, 2001.  The Registrant
expects that its cash on hand will be sufficient to fund its operations
for the next 3 months.  The Registrant's material commitments consist of
annual lease payments on the Cheyenne River Prospect of approximately
$142,882, of which $102,942 were paid in March 2001, with $40,424 of
this amount paid by the Registrant and the balance of $62,518 paid by
the parties to the Farmout Agreement in the Cheyenne River Prospect.
The Registrant's additional commitments consist of office lease payments
of $3,568.58 per month and the salary of one secretary.  In January
2000, the Registrant sublet a portion of its office space at
$1,000.00 per month.  Mr. Whitehead serves as an executive officer of
the Registrant without compensation.  Pending receipt of additional
capital by the Registrant, Mr. Bradley suspended his salary during
1999 and, effective January 1, 2000, agreed to serve as an executive
officer without compensation.  The Registrant has recorded an accrued
liability of $55,395 as of December 31, 2000, represented the amount
of Mr. Bradley's suspended salary payments during 1999.  This
suspended salary amount was paid to Mr. Bradley on April 3, 2001.

     On April 4, 2000, the Registrant sold 666,666 shares of its Common
Stock at a purchase price of $200,000 to one accredited investor in a
private placement under Section 4(2) of the Securities Act.  The
Registrant used the proceeds of this offering for working capital
purposes.  A $150,000 sale of its common stock was made to Empire
Petroleum Corporation in January 2001 as a provision of the Farmout
Agreement with Empire for drilling the test well on the Registrant's
Cheyenne River Prospect.  In March 1999, the Registrant borrowed
$105,000 from Albert E. Whitehead Living Trust pursuant to a
promissory note due March 15, 2000 earning interest at the rate
of 10% per annum (the "AEW Note").  The proceeds of this loan
were used to pay lease rentals on the Cheyenne River Prospect.
The AEW Trust also paid the Registrant's day-to-day operating
expenses from April through September 1999 including, without
limitation, the monthly office lease payments and the salary of
the Registrant's secretary.  Amounts paid by Mr. Whitehead were
added to the principal of the AEW Note which was $172,754.00 as
of December 31, 1999 and $185,508 as of March 15, 2000.  On March
15, 2000, the Registrant issued  a convertible promissory note due
March 15, 2001 in the principal amount of $295,508 to the AEW Trust,
bearing interest at the rate of 10% per annum and convertible into
shares of the Registrant's common stock at the price of $0.4370 per
share, which represented the market price of the Registrant's
common stock on such date.  The convertible note was issued to the
AEW Trust in consideration of the surrender of the original AEW Note
and the advancement of an additional $110,000 to the Registrant by
the AEW Trust.  The proceeds of this additional loan were used to
pay lease rentals on the Cheyenne River Prospect.  On March 1, 2001,
Albert E. Whitehead, as Trustee of the AEW Trust, exercised the
right to convert this note to shares of the Registrant's common
stock and received 748,319 shares covering the principal and
interest due on this note at March 1, 2001.  Mr. Whitehead
requested that this new share issue be divided equally between
the AEW Trust and the Lacy E. Whitehead Living Trust (Lacy E.
Whitehead is Mr. Whitehead's spouse, and Mr. Whitehead disclaims
any interest in her shares in the Registrant).

     In March 1998, the Registrant paid $234,500 to cover the
initial expenses of acquiring leases in an oil and gas prospect
in the Eastern Powder River Basin in the State of Wyoming (the
"Cheyenne River Prospect").  The Registrant also issued an
aggregate of 566,000 shares of Common Stock and agreed to grant
overriding royalty interests to five individuals as consideration
for services performed and to be performed in connection with the
acquisition and exploration of the Cheyenne River Prospect.  As
of the date of this report the parties to the agreement have
obtained approximately 100,000 acres of oil and gas leases
covering the prospect.

     In November 2000, the Registrant entered into a Farmout Agreement
with Empire Petroleum Corporation ("Empire"), a Delaware corporation and
successor to Wells Gray Resort and Resources Ltd., which previously
entered into a Letter of Intent with the Registrant to test a
portion of the prospect.  Participating with Empire (50%) in this
test are Maxy Resources, LLC (25%), Big Horn Resources Ltd. (15%)
and 74305 Alberta Ltd. (10%).

     Pursuant to the Farmout Agreement, Empire commenced drilling of the
Registrant's Timber Draw 1-AH test well during December 2000 within the
25,000 acre Timber Draw Federal Drilling Unit included in the
Registrant's Cheyenne River Prospect.  Drilling of the Timber
Draw 1-AH test well was completed at a total measured depth of
10,578 feet of which the last 2,030 feet was drilled horizontally
through the Newcastle "B" formation (the "Muddy").  During horizontal
drilling, flows of oil and gas were encountered.  The well was then
shut in for the removal of the drilling rig and erection of oil
storage tanks and an oil and gas separator, for production testing.
On February 13, 2001, production was commenced and continued until
March 14, at which time production was shut in to allow performance
of pressure surveys and other tests.  During this period the well
continually flowed oil and gas, with no water, through a 20/64 inch
diameter choke, with total production during this time of 4,383
barrels of 44 degree API gravity sweet crude oil and 12,537,000
cubic feet of natural gas, with a BTU content of 1,493.  Empire
is preparing a production application on the well for submission
to the U. S. Bureau of Land Management in order for the well to be
designated as a commercial producer under BLM criteria for such
designation.  With the completion of this well, Empire and its
partners have earned a 100% working interest in the test well
spacing unit (600 acres), and a 50% working interest in
approximately 60,000 acres of the Registrant's Cheyenne River
Prospect.  The Registrant reserves an overriding royalty interest
(7%) until Empire recovers its drilling and completion costs at
which time the Registrant's overriding royalty will convert to
a 50% working interest.  Empire has an option to drill a second
test well on the farmout block within six (6) months from
completion of the first test well.  Should it drill the second test,
Empire and its participants will earn an interest in the balance
of the farmout lands (approximately 40,000 acres) on the same terms
and conditions as the first test well.

     Exploration for oil and gas, is highly speculative and involves
greater risks than many other businesses.   Oil and gas drilling
and development is frequently marked by unprofitable efforts, not
only from unproductive prospects, but also from producing prospects
which do not produce sufficient amounts to return a profit on the
amount expended.  Accordingly, there can be no assurance that
the Registrant will be able to discover, develop or produce
sufficient reserves to recover the expenses incurred in connection
with the exploration of its properties, to fund additional
exploration or to achieve profitability.

     The Registrant does not at this time expect any significant
change in the number of its employees during the next twelve months.
If the Registrant is successful in raising additional capital, it
will employ part-time or temporary persons and consultants in
situations where special expertise is required.

     During the next twelve months, the Registrant intends to continue
to work with Empire to test and, if economically feasible, to exploit
the Timber Draw 1-AH well and to further evaluate the Cheyenne River
Prospect.  Empire has indicated to the Registrant that it may exercise
its option to drill a second test well on the prospect to earn an
interest in 40,000 acres of the prospect pursuant to the Farmout
Agreement.  If the results of tests being conducted on the Timber
Draw 1-AH well are satisfactory, drilling may commence on the second
test well in June or July of 2001.  However, there can be no assurance
that a second test well will be drilled or successfully completed.


PART II.     OTHER INFORMATION

Item 2.      CHANGES IN SECURITIES

             Recent Sales of Unregistered Securities

During January 2001 in connection with the Farmout Agreement relating
to its Cheyenne River Prospect, the Registrant sold to Empire Petroleum
Corporation 375,000 shares of Common Stock for $0.40 per share for a
total purchase price of $150,000.

     During March 2001, as described elsewhere herein, the Registrant
issued 748,319 shares of common stock to the Albert E. Whitehead Living
Trust upon conversion by such trust of a convertible promissory note due
March 15, 2001.  The convertible promissory note had an outstanding
balance of principal and accrued interest of $327,015.63 and was
convertible at the rate of $0.4370 per share of common stock, which
represents the market price of the common stock on the date this
convertible promissory note was issued.

     All of such shares were issued in reliance on the exemption from
registration afforded by Section 4(2) of the Securities Act of 1933,
as amended.  Among the facts supporting the Registrant's reliance on
such exemption are that the shares were issued to a small number of
sophisticated purchasers and that the purchasers acquired the shares
for their own accounts and without intention of distributing or
reselling the shares except in compliance with applicable securities
laws.  The shares bear appropriate restrictive legends.

Item 6.      Exhibits and Reports on Form 8-K

             (a)   Exhibits

                   10.1  Common Stock Purchase Agreement dated as of
                         November 15, 2000 by and between the
                         Registrant and Empire Petroleum Corporation.

             (b)   Reports on Form 8-K.  The Registrant has not filed,
                   during the quarter for which this report is filed,
                   a Form 8-K.

                           AMERICOMM RESOURCES CORPORATION

                                     SIGNATURES

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

                                             AMERICOMM RESOURCES
                                                 CORPORATION

Date:  May 11, 2001                          By:  /s/ Thomas R. Bradley
                                             Thomas R. Bradley
                                             President & Chief Financial
                                             Officer (Principal
                                             Financial and
                                             Accounting Officer)