**SECURITIES      AND EXCHANGE COMMISSION**

**Washington      D.C. 20549**

**FORM      10-QSB**

**September      30, 2006**

**      0-21847**

**BOULDER      CAPITAL OPPORTUNITIES, II, INC.**

| **Colorado**                                                                                 |   | **84-1356598**                                      |
|----------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation                or organization) |   | (I.R.S.                Employer Identification No.) |

**P.O.      Box 12483 Chandler, Arizona 85248**

**(480)792-6603**

**Yes      [X]**

**Yes      [X]**

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**PART      I--FINANCIAL INFORMATION**

**ITEM      2. **
**MANAGEMENT'S      DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.**

**Plan      Of Operations**

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**Liquidity      And Capital Resources**

**ITEM      3. CONTROLS AND PROCEDURES**

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**BOULDER      CAPITAL OPPORTUNITIES II, INC.**

**NINE-MONTHS      ENDED SEPTEMBER 30, 2006**

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**BOULDER        CAPITAL OPPORTUNITIES II, INC.**

|                                                                                                                  |   | Unaudited                      |     | Audited                       |   |
|-----------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|----------|-------------------------------|--------|
|                                                                                                                  |   | September                  30, |     | December                  31, |   |
|                                                                                                                  |   | 2006                           |     | 2005                          |   |
|                                                                                                                  |   |                           |     |                          |   |
| **ASSETS;**                                                                                                           |   |                           |     |                          |   |
| Current                  Assets:                                                                                      |   |                           |     |                          |   |
|     Cash                                                                                          |   | $                              | 11,317   |                          | $      | 37,184 |   |
|                                                                                                                  |   |                           |     |                          |   |   |   |
|         Total                  Current Assets                                 |   |                           | 11,317   |                          |   | 37,184 |   |
|                                                                                                                  |   |                           |     |                          |   |   |   |
| Other                  Assets:                                                                                        |   |                           |     |                          |   |   |   |
|     Deposits                                                                                      |   |                           | 2,500    |                          |   | 2,500 |   |
|     Undeveloped                  Oil                  Leases                                      |   |                           | 20,000   |                          |   | 20,000 |   |
|                                                                                                                  |   |                           |     |                          |   |   |   |
|         Total                  Other Assets                                   |   |                           | 22,500   |                          |   | 22,500 |   |
|                                                                                                                  |   |                           |     |                          |   |   |   |
| **TOTAL                  ASSETS**                                                                                     |   | $                              | 33,817   |                          | $      | 59,684 |   |
|                                                                                                                  |   |                           |     |                          |   |   |   |
|                                                                                                                  |   |                           |     |                          |   |   |   |
| **TOTAL                  STOCKHOLDERS' EQUITY (DEFICIT):**                                                            |   |                           |     |                          |   |   |   |
|     Stockholders                  Equity (Deficit):                                               |   |                           |     |                          |   |   |   |
|     Preferred                  Stock, no par value, 10,000,000 shares authorized                  |   |                           | -        |                          |   | - |   |
|                          None issued.                                              |   |                           |     |                          |   |   |   |
|     Common                  stock, no par value, 100,000,000 shares authorized                    |   |                           | 234,384  |                          |   | 144,164 |   |
|                          3,215,537 shares issued and outstanding in September 2006 |   |                           |     |                          |   |   |   |
|                          2,430,200 shares issued and outstanding December 2005     |   |                           |     |                          |   |   |   |
|     Common                  stock to be issued                                                    |   |                           | -        |                          |   | 85,200 |   |
|     Deficit                  accumulated during the exploration stage                             |   |                           | (200,567 | )                             |   | (169,680 | ) |
|                                                                                                                  |   |                           |     |                          |   |   |   |
| **        Total                  Stockholders' Equity (Deficit)**             |   |                           | 33,817   |                          |   | 59,684 |   |
|                                                                                                                  |   |                           |     |                          |   |   |   |
| **TOTAL                  LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)**                                           |   | $                              | 33,817   |                          | $      | 59,684 |   |

----

**BOULDER        CAPITAL OPPORTUNITIES II, INC.**

|                                                                    |   |                                  |      |   |   |                                 |   |   |      | August                    6, 1996 |   |
|-------------------------------------------------------------------------|--------|---------------------------------------|-----------|--------|--------|--------------------------------------|--------|--------|-----------|-----------------------------------|--------|
|                                                                    |   | Three-Months                    Ended |      |   |   | Nine-Months                    Ended |   |   |      | (Inception)                    to |   |
|                                                                    |   | September                    30,      |      |   |   | September                    30,     |   |   |      | September                    30,  |   |
|                                                                    |   | 2006                                  |      | 2005   |   | 2006                                 |   | 2005   |      | 2006                              |   |
|                                                                    |   |                                  |      |   |   |                                 |   |   |      |                              |   |
| **Revenue:**                                                            |   |                                  |      |   |   |                                 |   |   |      |                              |   |
|     Sales                                           |   | $                                     | -         |   | $      | -                                    |   | $      | -         |                              | $      | - |   | $ | 5,000 |   |
|                                                                    |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
| **Total                    Income**                                     |   |                                  | -         |   |   | -                                    |   |   | -         |                              |   | - |   |   | 5,000 |   |
|                                                                    |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
| **Operating                    Expenses:**                              |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
|     Amortization                                    |   |                                  | -         |   |   | -                                    |   |   | -         |                              |   | - |   |   | 28,400 |   |
|     Professional                    Fees            |   |                                  | 455       |   |   | 13,561                               |   |   | 14,212    |                              |   | 13,561 |   |   | 119,799 |   |
|     Other                    Expenses               |   |                                  | 1,858     |   |   | 10,850                               |   |   | 16,675    |                              |   | 10,850 |   |   | 57,444 |   |
|                                                                    |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
| **Total                    Operating Expenses**                         |   |                                  | 2,313     |   |   | 24,411                               |   |   | 30,887    |                              |   | 24,411 |   |   | 205,643 |   |
|                                                                    |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
| **Other                    Income/Expense:**                            |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
|     Interest                    Expense             |   |                                  | -         |   |   | (241                                 | )      |   | -         |                              |   | (241 | ) |   | 76 |   |
|                                                                    |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
| **Total                    Other Income/Expense**                       |   |                                  | -         |   |   | (241                                 | )      |   | -         |                              |   | (241 | ) |   | 76 |   |
|                                                                    |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
| **Net                    Loss From Operations**                         |   | $                                     | (2,313    | )      | $      | (24,652                              | )      | $      | (30,887   | )                                 | $      | (24,652 | ) | $ | (200,567 | ) |
|                                                                    |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
| **Per                    Share Information:**                           |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
|                                                                    |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
|     Weighted                    average number      |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
|     of                    common shares outstanding |   |                                  | 3,215,537 |   |   | 2,230,200                            |   |   | 2,969,377 |                              |   | 2,230,200 |   |   |   |   |
|                                                                    |   |                                  |      |   |   |                                 |   |   |      |                              |   |   |   |   |   |   |
| Net                    Loss per common share                            |   | $                                     | -         |   | $      | (0.111                               | )      | $      | (0.011    | )                                 | $      | (0.111 | ) |   |   |   |

----

**BOULDER        CAPITAL OPPORTUNITIES II, INC.**

|                                                |   |                           |      |   |   |                           |   | Deficit     |    |          |   |
|-----------------------------------------------------|--------|--------------------------------|-----------|--------|--------|--------------------------------|--------|-------------|---------|---------------|--------|
|                                                |   | COMMON                  STOCKS |      |   |   | Accum.                  During |   | Total       |    |
|                                                |   |                           |      |   |   | Shares                  to     |   | Exploration |    | Stockholders' |   |
|                                                |   | #                  of Shares   |      | Amount |   | be                  Issued     |   | Stage       |    | Equity        |   |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |
| Balance                  - August 8, 1996           |   |                           | -         |   | $      | -                              |   | $           | -       |          | $      | - |   | $ | - |   |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Issuance                  of stock for compensation |   |                           | 710,000   |   |   | 28,400                         |   |        | -       |          |   | - |   |   | 28,400 |   |
| Issuance                  of stock for cash         |   |                           | 100,000   |   |   | 4,000                          |   |        | -       |          |   | - |   |   | 4,000 |   |
| Issuance                  of stock for cash         |   |                           | 200,000   |   |   | 8,000                          |   |        | -       |          |   | - |   |   | 8,000 |   |
| Net                  Loss for Year                  |   |                           | -         |   |   | -                              |   |        | -       |          |   | (6,448 | ) |   | (6,448 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Balance                  - December 31, 1996        |   |                           | 1,010,000 |   |   | 40,400                         |   |        | -       |          |   | (6,448 | ) |   | 33,952 |   |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Issuance                  of stock for compensation |   |                           | 20,200    |   |   | 20,200                         |   |        | -       |          |   | - |   |   | 20,200 |   |
| Net                  Loss for Year                  |   |                           | -         |   |   | -                              |   |        | -       |          |   | (32,493 | ) |   | (32,493 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Balance                  - December 31, 1997        |   |                           | 1,030,200 |   |   | 60,600                         |   |        | -       |          |   | (38,941 | ) |   | 21,659 |   |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Additional                  Paid-In Capital         |   |                           | -         |   |   | 5,564                          |   |        | -       |          |   | - |   |   | 5,564 |   |
| Net                  Loss for Year                  |   |                           | -         |   |   | -                              |   |        | -       |          |   | (12,792 | ) |   | (12,792 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Balance                  - December 31, 1998        |   |                           | 1,030,200 |   |   | 66,164                         |   |        | -       |          |   | (51,733 | ) |   | 14,431 |   |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Net                  Loss for Year                  |   |                           | -         |   |   | -                              |   |        | -       |          |   | (17,940 | ) |   | (17,940 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Balance                  - December 31, 1999        |   |                           | 1,030,200 |   |   | 66,164                         |   |        | -       |          |   | (69,673 | ) |   | (3,509 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Issuance                  of stock for compensation |   |                           | 1,200,000 |   |   | 48,000                         |   |        | -       |          |   | - |   |   | 48,000 |   |
| Net                  Loss for Year                  |   |                           | -         |   |   | -                              |   |        | -       |          |   | (48,000 | ) |   | (48,000 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Balance                  - December 31, 2000        |   |                           | 2,230,200 |   |   | 114,164                        |   |        | -       |          |   | (117,673 | ) |   | (3,509 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Net                  Loss for Year                  |   |                           | -         |   |   | -                              |   |        | -       |          |   | - |   |   | - |   |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Balance                  - December 31, 2001        |   |                           | 2,230,200 |   |   | 114,164                        |   |        | -       |          |   | (117,673 | ) |   | (3,509 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Net                  Loss for Year                  |   |                           | -         |   |   | -                              |   |        | -       |          |   | - |   |   | - |   |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Balance                  - December 31, 2002        |   |                           | 2,230,200 |   |   | 114,164                        |   |        | -       |          |   | (117,673 | ) |   | (3,509 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Net                  Loss for Year                  |   |                           | -         |   |   | -                              |   |        | -       |          |   | (8,700 | ) |   | (8,700 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Balance                  - December 31, 2003        |   |                           | 2,230,200 |   |   | 114,164                        |   |        | -       |          |   | (126,373 | ) |   | (12,209 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Net                  Loss for Year                  |   |                           | -         |   |   | -                              |   |        | -       |          |   | (13,865 | ) |   | (13,865 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Balance                  - December 31, 2004        |   |                           | 2,230,200 |   |   | 114,164                        |   |        | -       |          |   | (140,238 | ) |   | (26,074 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Issuance                  of stock for cash         |   |                           | 200,000   |   |   | 30,000                         |   |        | -       |          |   | - |   |   | 30,000 |   |
| Shares                  to be issued for services   |   |                           | -         |   |   | -                              |   |        | 85,200  |          |   | - |   |   | 85,200 |   |
| Net                  Loss for Year                  |   |                           | -         |   |   | -                              |   |        | -       |          |   | (29,442 | ) |   | (29,442 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Balance                  - December 31, 2005        |   |                           | 2,430,200 |   |   | 144,164                        |   |        | 85,200  |          |   | (169,680 | ) |   | 59,684 |   |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Issuance                  of stock for services     |   |                           | 552,003   |   |   | 85,200                         |   |        | (85,200 | )             |   | - |   |   | - |   |
| Issuance                  of stock for services     |   |                           | 200,000   |   |   | 20                             |   |        | -       |          |   | - |   |   | 20 |   |
| Issuance                  of stock for cash         |   |                           | 33,334    |   |   | 5,000                          |   |        | -       |          |   | - |   |   | 5,000 |   |
| Net                  Loss for Period                |   |                           | -         |   |   | -                              |   |        | -       |          |   | (30,887 | ) |   | (30,887 | ) |
|                                                |   |                           |      |   |   |                           |   |        |    |          |   |   |   |   |   |   |
| Balance                  - September 30, 2006       |   |                           | 3,215,537 |   | $      | 234,384                        |   | $           | -       |          | $      | (200,567 | ) | $ | 33,817 |   |

----

**BOULDER        CAPITAL OPPORTUNITIES II, INC.**

|                                                                                                     |   |                                       |    |   |   |                            |   |
|----------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|---------|--------|--------|---------------------------------|--------|
|                                                                                                     |   |                                       |    |   |   | August                  6, 1996 |   |
|                                                                                                     |   | For                  the Nine-Months Ended |    |   |   | (Inception)                  to |   |
|                                                                                                     |   | September                  30,             |    |   |   | September                  30,  |   |
|                                                                                                     |   | 2006                                       |    | 2005   |   | 2006                            |   |
|                                                                                                     |   |                                       |    |   |   |                            |   |
| **Cash                  Flows from Operating Activities:**                                               |   |                                       |    |   |   |                            |   |
|                                                                                                     |   |                                       |    |   |   |                            |   |
|     Net                  (Loss)                                                      |   | $                                          | (30,887 | )      | $      | (24,652                         | )      | $ | (200,567 | ) |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
|     Stock                  issued for services                                       |   |                                       | 20      |   |   | -                               |   |   | 96,620 |   |
|     Amortization                                                                     |   |                                       | -       |   |   | 2,600                           |   |   | 28,400 |   |
|     Adjustments                  to                  reconcile net loss to cash used |   |                                       |    |   |   |                            |   |   |   |   |
|       by                  operating activities                             |   |                                       |    |   |   |                            |   |   |   |   |
|     (Increase)                  deposits                                             |   |                                       | -       |   |   | (2,500                          | )      |   | (2,500 | ) |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
| **Net                  Cash Used by Operating Activities**                                               |   |                                       | (30,867 | )      |   | (24,552                         | )      |   | (78,047 | ) |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
| **Cash                  Flows from Investing Activities:**                                               |   |                                       |    |   |   |                            |   |   |   |   |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
|     Acquisition                  of                  Oil Leases                      |   |                                       |    |   |   |                            |   |   | (20,000 | ) |
|     Acquisition                  of                  organizational services         |   |                                       | -       |   |   | -                               |   |   | (28,400 | ) |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
| **Net                  Cash Used for Investing Activities**                                              |   |                                       | -       |   |   | -                               |   |   | (48,400 | ) |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
| **Cash                  Flows from Financing Activities:**                                               |   |                                       |    |   |   |                            |   |   |   |   |
|     Proceeds                  from                  stock issuance for cash          |   |                                       | 5,000   |   |   | 30,000                          |   |   | 137,764 |   |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
| **Net                  Cash Provided by Financing Activities**                                           |   |                                       | 5,000   |   |   | 30,000                          |   |   | 137,764 |   |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
| **Net                  Increase in Cash & Cash Equivalents**                                         |   |                                       | (25,867 | )      |   | 5,448                           |   |   | 11,317 |   |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
| **Beginning                  Cash & Cash Equivalents**                                               |   |                                       | 37,184  |   |   | -                               |   |   | - |   |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
| **Ending                  Cash & Cash Equivalents**                                                  |   | $                                          | 11,317  |   | $      | 5,448                           |   | $ | 11,317 |   |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
| **SUPPLEMENTAL                  DISCLOSURE OF CASH FLOW INFORMATION**                                    |   |                                       |    |   |   |                            |   |   |   |   |
|     Cash                  paid for Interest                                          |   | $                                          | -       |   | $      | -                               |   | $ | - |   |
|     Cash                  paid for Income Taxes                                      |   | $                                          | -       |   | $      | -                               |   | $ | - |   |
|                                                                                                     |   |                                       |    |   |   |                            |   |   |   |   |
| **NON-CASH                  TRANSACTIONS**                                                               |   |                                       |    |   |   |                            |   |   |   |   |
|     Common                  stock issued for services                                |   | $                                          | 20      |   | $      | -                               |   | $ | 96,620 |   |

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**BOULDER      CAPITAL OPPORTUNITIES II, INC.**

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**PART      II--OTHER INFORMATION**

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**SIGNATURES**

|                                          |                                                                                                     |                                                                     |
|-----------------------------------------------|----------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------|
|                                          |                                                                                                     |
|                                     |                                                                                                |  **BOULDER                  CAPITAL OPPORTUNITIES, II, INC.**  |
| Date: November                  15, 2006 | By:                                                                                            | /s/ Michael                  Delaney                                |
|                                          | Director,                  Principal Executive Officer, and                  Principal Financial Officer |

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