UNITED STATES

                              SECURITIES AND EXCHANGE COMMISSION

                                   Washington, D.C. 20549

                                        FORM 10-QSB

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934

For the quarterly period ended         June 30, 1999

Commission file Number          0-20193

                       AMERICOMM RESOURCES CORPORATION
           (Exact name of registrant 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, Oklahoma     74103-4346
(Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code:  (918) 587-8093

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

                 YES [X]                 NO [ ]

     Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practical date:

     Common Stock, $.001 Par Value - 13,879,589 shares as of June 30, 1999.
<PAGE>
<TABLE>

                               PART I. - FINANCIAL INFORMATION

                               AMERICOMM RESOURCES CORPORATION

                                       BALANCE SHEET


(Amounts in thousands, except per share data)
<CAPTION>
                                                   June 30, 1999
                                                   ______________

<S>                                                	<C>
ASSETS
Current assets
   Cash and cash equivalents                       $        1,007
   Prepaid expenses                                         3,244
                                                   ______________

Total Current Assets                                        4,251
                                                   ______________

Investments in prospects                                  975,304
Property & equip. net of accum. dep. of $1,564             12,466
Deposits                                                    3,244
                                                   ______________

Total property & equipment                                991,014

TOTAL ASSETS                                       $      995,265
                                                   ______________
</TABLE>
<TABLE>

<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
<S>                                                	<C>
Current liabilities
   Notes payable - Related party                          146,058
   Payroll taxes payable                                     (315)
                                                   ______________

Total Current Liabilities                                 145,743
                                                   ______________

Stockholders' equity (deficiency)
   Common stock, $.001 par value;
     authorized 50,000,000 shares
     13,879,589 shares issued, of which                    13,879
     132 shares are held in Treasury
   Capital in excess of par value                       2,066,528
   Retained earnings                                     (663,318)
   Net income (loss)                                     (567,567)
                                                   ______________

Total Stockholders' Equity                                849,522

TOTAL LIABILITIES & EQUITY                         $      995,265
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
                       AMERICOMM RESOURCES CORPORATION

                             STATEMENT OF INCOME

                              FOR THE SIX MONTHS

                        ENDED June 30, 1999 AND 1998

(Amounts in thousands, except per share data)
<CAPTION>
                                    Six Months            Six Months
                                         Ended                 Ended
                                      June 30,              June 30,
                                          1999                  1998
                                  ____________          ____________
<S>                               <C>                   <C>
Revenues
   Interest income                $        155          $      1,966
   Disposal of assets                 (498,647)                    0
                                  ____________          ____________

Total Income                          (498,492)                1,966
                                  ____________          ____________

Costs and expenses
   General and administrative
     expenses                           69,075                40,721
   Interest expense                          0                   984
                                  ____________          ____________

Total Costs and Expenses                69,075                41,705
                                  ____________          ____________

Net Income (Loss)                 $   (567,567)         $    (39,739)

Net Income (Loss)
   per common share                          0                     0

Weighted average number of
   common shares outstanding        13,879,589            13,879,589
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
<TABLE>
                       AMERICOMM RESOURCES CORPORATION

                           STATEMENT OF CASH FLOWS

                             FOR THE SIX MONTHS

                        ENDED JUNE 30, 1999 AND 1998

(Amounts in thousands)
<CAPTION>
                                        Six Months            Six Months
                                             Ended                 Ended
                                          June 30,              June 30,
                                              1999                  1998
                                      ____________          ____________
<S>                                   <C>                   <C>
Cash Flow From Operating Activities
  Operations
  Net income (loss)                   $   (567,567)         $    (39,739)
   Plus adjustments to reconcile
   net income to net cash flows
   from operating activities
   Depreciation expense                      1,050                     0
   Disposal of assets                      498,647
  Changes in operating assets
   and liabilities
   Accounts payable                              0               (11,492)
   Prepaid expenses                              0                  (350)
   Deposits                                      0                (3,244)
   Accruals                                 (3,000)                1,352
                                       ___________          ____________
  Net cash provided (used)
   by operating activities                 (70,870)              (53,473)

Cash Flows From Investing Activities
  Cash payments for investments in
   prospects                              (148,406)             (337,069)
                                       ___________          ____________
  Net cash provided (used) by
   investing activities                   (148,406)             (337,069)
                                       ___________          ____________

Cash Flows From Financing Activities
  Proceeds from issuance of common
   stock                                         0               680,999
  Proceeds from note payable - related
   party                                   146,058                     0
  Repayment of note payable - related
   party                                         0                     0
                                      ____________          ____________
  Net cash provided (used) by
     financing activities                  146,058               680,999

Net Increase(Decrease) in Cash and
Cash Equivalents                           (73,218)              290,457

Cash and Cash Equivalents,
  beginning of quarter                      74,225               103,168
                                      ____________          ____________

Cash and Cash Equivalents,
  end of quarter                      $      1,007          $    393,625
<FN>
See accountants' report and accompanying notes to financial statements
</TABLE>

<PAGE>
                       AMERICOMM RESOURCES CORPORATION

                        NOTES TO FINANCIAL STATEMENTS

                               JUNE 30, 1999

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 six months
ended June 30, 1999 may not be indicative of the results that may be
expected for the year ending December 31, 1999.  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, 1998.

2.  Summary of Significant Accounting Policies

    Mining and oil and gas properties - The Company uses the successful
efforts method of accounting for its mining and 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, 1998, the Company has tax net operating loss
carryforwards totaling approximately $603,000.  If not used, these
carryforwards will expire in the years 2000 to 2013.


                       AMERICOMM RESOURCES CORPORATION

                              PLAN OF OPERATION


All statements other than statements of historical fact contained herein
are forward-looking statements.  The forward-looking statements were
prepared on the basis of certain assumptions which relate, among other
things, to costs expected to be incurred in the acquisition, exploration
and development of the Company's properties.  Even if the assumptions on
which the projections are based prove accurate and appropriate, the actual
results of the Company's operations in the future may vary widely from the
financial projections due to unforseen engineering, mechanical or
technological difficulties in drilling wells, general economic conditions,
increased competition, changes in government regulation or intervention
in the oil and gas or mining industries, and other risks described in the
Company's filings with the Securities and Exchange Commission.  Accordingly,
the actual results of the Company's operations in the future may vary
widely from the forward-looking statements included herein.

As of December 31, 1998, the Registrant had approximately $74,000 in cash.
In March 1999, the Registrant borrowed $105,000 from Albert E. Whitehead
Living Trust pursuant to a promissory note due September 15, 1999 which
bears 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.

As of June 30, 1999, the Registrant had approximately $1,000 cash on hand,
which amount is not sufficient to fund the Registrant's continued operations.
In addition to the salaries of Mr. Bradley and his secretary, the
Registrant's material commitments consist of office lease payments of $3,244
per month, which payments have been guaranteed by Mr. Whitehead, and
lease rentals on the Cheyenne River Prospect of approximately $138,000 per
year.  Pending receipt of additional capital by the Registrant, Mr.
Bradley has agreed to suspend payment of his salary.  In July the Registrant
notified the lessors of 94 of the claims in its Jessup gold exploration
property in Nevada, that it was canceling its Lease Agreement with them,
thereby relieving the Registrant of any further lease payment obligations
relating to these claims.  In August 1999, the Registrant transferred its
interest in the Verlee prospect to a third party by Quitclaim Deed in
exchange for a 1% net smelter interest in that property.  The Registrant
plans to dispose of the remainder of its gold exploration properties and
concentrate its activities on its Cheyenne River Prospect which consists of
102,000 acres of oil and gas exploration leases in the Powder River Basin
in Wyoming.  As a result of the cancellation of the leases on the Jessup
Property and the transfer of its interests in the Verlee Prospect, the
Registrant wrote off $498,646.65 of its assets as of June 30, 1999.

Mr. Whitehead has agreed to pay the Registrant's day-to-day operating
expenses including, without limitation, the monthly office lease payments
and the salary of the Registrant's secretary until the earlier to occur
of receipt of additional capital by the Registrant or September 15, 1999.
Amounts paid by Mr. Whitehead will be added to the principal of the AEW
Note.  If the Registrant is not successful in raising additional capital
by September 15, 1999 or negotiating an extension of the commitment by Mr.
Whitehead beyond September 15, 1999, the Registrant's continued operation
would depend on its ability to sublet its office space, the continued
cooperation and support of Messrs. Whitehead and Bradley and its ability
to raise additional capital or locate an industry partner to pay the annual
lease rentals on, and the costs of exploring, its Cheyenne River Prospect.
Under the terms of the agreement governing the Cheyenne River Prospect, as
amended, if the Registrant is unable to finance the cost of the first well
on the Cheyenne River Prospect by December 1, 1999, the Registrant will be
required to seek a buyer for the prospect.  In such event, assuming the
parties are successful in locating a buyer for the prospect, the
Registrant would recover its costs in acquiring the prospect and would
receive 50% of any profits from the sale of the prospect in excess of such
costs.  Given the present environment for selling oil and gas prospects,
there can be no assurance that a sale could be effected on advantageous
terms.

The Registrant has been actively engaged in discussions with numerous
sources of additional financing for the Registrant and parties which
may be interested in acquiring an interest in the Registrant's
properties.  In March 1999, the Registrant engaged Oak Creek Capital, Inc.,
on a non-exclusive basis, to assist the Registrant in locating an industry
partner to participate in the Cheyenne River Prospect.  If Oak Creek Capital,
Inc. is successful in locating  industry partners which invest in the
prospect, the Registrant has agreed to pay Oak Creek a fee of 6% of the
transaction amount.  Although management believes the Registrant should be
successful in raising the additional capital required to continue operations
and/or locating industry partners to assist in the cost of the exploration
of its properties, the present environment for financing oil and gas
operations is extremely difficult.  There can be no assurance that the
Registrant will be successful in entering into arrangements with others
to pay the costs of exploring its properties or in raising the additional
capital required to continue its operations.

The Registrant funded its operations during 1998 through amounts received
from Echo Bay Exploration Inc. ("Echo Bay") a subsidiary of Echo Bay Mines
LTD., Denver, Colorado pursuant to a Heads of Agreement covering exploration
of its Churchill County, Nevada property (the "Jessup Property") and by
borrowing from, and stock issuances to, directors of the Registrant.  In
September 1997, the Registrant borrowed $20,000 from the Albert E. Whitehead
Living Trust pursuant to the terms of a 6% Convertible Note due September
23, 1998.  In November 1997, Echo Bay elected to continue its work program
during 1998 and paid an additional $100,000 to the Registrant.  In March
1998, the Registrant raised an additional $275,000 through the issuance
of 1,375,000 shares of Common Stock to Mr. Whitehead and agreed to use
substantially all of the proceeds of this issuance to fund its acquisition
of oil and gas leases on the Cheyenne River Prospect.  On April 1, 1998,
the Albert E. Whitehead Living Trust converted its note into shares of
Common Stock of the Registrant at a purchase price of $0.15 per share.
In June 1998, Messrs. Whitehead and Plewes, directors of the Registrant
purchased an aggregate of 533,332 shares of Common Stock upon exercise
of previously issued stock options at an exercise price of $0.68 per share,
which provided $362,499 in additional working capital to the Registrant.

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 expect any significant change in the number of its
employees during 1999.  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.

Year 2000 Issues

The Registrant relies on standard office computer hardware and software
equipment to run its operations.  The Registrant has contacted the suppliers
of the hardware and software utilized by the Registrant and has been
verbally assured that the hardware and software is Year 2000 compliant.
As the Registrant is not actively engaged in drilling or mining operations,
the Registrant is not currently dependent on any additional computer
hardware or software at this time.  If the Registrant is successful in
raising the additional capital necessary to explore its properties, the
Registrant will seek to retain consultants to perform such exploration and
intends to inquire, prior to retaining such consultants, as to the
consultant's Year 2000 readiness.  Although the Registrant does not rely on
computer hardware or software for its limited operations at this time,
given the pervasive nature of the Year 2000 issues, there can be no
assurance that the Registrant will not be adversely affected by the failure
of third parties to be Year 2000 compliant.


                         PART II - OTHER INFORMATION


Item #5  Other Information - NONE

Item #6  Exhibits and Reports on Form 8-K

         	a.  Exhibits

                    (1)  Promissory Note dated March 15, 1999 issued to Albert
                         E. Whitehead Living Trust.

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

         	c.  27-Financial Data Schedule


                       AMERICOMM RESOURCES CORPORATION

                                 SIGNATURES

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


                                      AMERICOMM RESOURCES CORPORATION
                                      Registrant

August 12, 1999                       Thomas R. Bradley
Date                                  Thomas R. Bradley
                                      President & CEO

August 12, 1999                       Thomas R. Bradley
Date                                  Thomas R. Bradley
                                      Principal Financial and Accounting
                                        Officer