EXHIBIT 23.3


                       CONSENT OF HANIFEN IMHOFF, INC.


     We consent to the use of our name in the Pennaco Energy, Inc. 
Registration Statement on Form SB-2 under the heading "BUSINESS."  In giving 
such consent, we do not thereby admit that we come within the category of 
persons whose consent is required under Section 7 of the Securities Act of 
1933, as amended, or the rules and regulations of the Securities and Exchange 
Commission thereunder.


                                       /s/ Hanifen Imhoff, Inc.
                                       ----------------------------------------
                                       Hanifen Imhoff, Inc.


Denver, Colorado
May 4, 1999