Mail Stop 4561

	June 27, 2006

James Yeatman
President and Chief Executive Officer
Consolidated Oil & Gas, Inc.
316 Main Street, Suite L
Humble, TX 77338

Re:	Consolidated Oil & Gas, Inc.
	Form 10-SB
	Amendment No. 3 filed June 20, 2006
	File No. 0-51667

Dear Mr. Yeatman:

      We have reviewed the above filing and have the following
comments.  Where indicated, we think you should revise your
document
in response to these comments.  If you disagree, we will consider
your explanation as to why our comment is inapplicable or a
revision
is unnecessary.  Please be as detailed as necessary in your
explanation.  In some of our comments, we may ask you to provide
us
with additional information so we may better understand your
disclosure.  After reviewing this information, we may or may not
raise additional comments.

	Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comments or on any other
aspect
of our review.  Feel free to call us at the telephone numbers
listed
at the end of this letter.

General
1. We have referred your response to prior comment 1 to the
Division
of Market Regulation for review and we may have further comments.
In
addition, please tell us whether the finders who receive
commissions
for referrals of other investors to the company are acting as
"brokers" as that term is defined under Section 3(a)(4) of the
Securities Exchange Act of 1934.  Please provide a detailed
analysis
of your conclusions under the federal securities laws rather than
under state law.  Refer also to Rule 3a4-1 of the Exchange Act.

Interim Results - 1st Quarter 2006 compared with 1st Quarter 2005,
page 6
2. It is unclear from your response to previous comment 3 how the
"more expensive" drilling projects contribute to an increase in
revenue for the period.

Recent Sales of Unregistered Securities, page 27
3. We note your response to our prior comment 8.  Please revise to
disclose the information included in your response.  In addition,
please revise the chart to separate the number and value of shares
sold for cash versus the number and value of shares given in
exchange
for certain stockholder`s assistance in getting the company
started
on projects as mentioned in your response.  Please clarify whether
the value of the shares issued to these individuals with their
working interest purchase was equal to the amount of seed capital
they contributed to the company.

*	*	*

       As appropriate, please amend your filing and respond to
these
comments within 10 business days or tell us when you will provide
us
with a response.  You may wish to provide us with marked copies of
the amendment to expedite our review.  Please furnish a cover
letter
with your amendment that keys your responses to our comments and
provides any requested supplemental information.  Detailed cover
letters greatly facilitate our review.  Please understand that we
may
have additional comments after reviewing your amendment and
responses
to our comments.

	Direct any questions regarding the accounting comments to
Wilson
Lee at (202) 551-3468, or Jorge Bonilla, at (202) 551-3414.
Direct
any other questions to Charito A. Mittelman at (202) 551-3402, or
the
undersigned at (202) 551-3780.



Sincerely,



Karen J. Garnett
Assistant Director

cc (via facsimile):	Doug Newman, CFO
			Consolidated Oil & Gas, Inc.






James Yeatman
Consolidated Oil & Gas, Inc.
June 27, 2006
Page 3