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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-QSB

[X] Quarterly Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended November 30, 2007

Commission File Number 333-118138

QUANTUM ENERGY, INC.
(Exact name of small business issuer as specified in its charter)

Nevada	98-0428608
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

260-7250 NW Expressway
Oklahoma City, Oklahoma, USA	73132
(Address of principal executive offices)	(Zip Code)

405-728-3800
Issuer’s telephone number

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 pas t 90 days. [X] Yes [ ]No

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12B-2 of the Exchange Act) [ ] Yes [X] No

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of January 7, 2008 47,000,000 shares of common stock of the issuer were issued and outstanding.

Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]

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PART 1 – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

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QUANTUM ENERGY, INC.

(formerly Boomers’ Cultural Development Inc.)

INTERIM BALANCE SHEETS

November 30, 2007

(Stated in US Dollars)

		Nov 30,			February 28,
		2007			2007
ASSETS		(Unaudited)
Current assets
Cash and cash equivalents	$	64,570		$	58,316
Accounts receivable
Trade		35,506			15,722
Sale of assets		-			308,200
Prepaid expense		-			2,500
Total current assets		100,076			384,738
Oil and gas properties
Proved properties, net of accumulated depletion		844,100			845,500
Well equipment, net of accumulated depreciation		83,199			102,398
Total oil and gas properties		927,299			947,898
Other assets
Other equipment, net of accumulated depreciation		1,816			2,686
Website development, net of accumulated amortization		5,246			8,394
Total other assets		7,062			11,080
TOTAL ASSETS	$	1,034,437		$	1,343,716
LIABILITIES AND STOCKHOLDERS’ (DEFICIT)
Current liabilities
Accounts payable and accrued liabilities	$	233,453		$	179,165
Accounts payable to related parties		69,533			69,533
Promissory notes payable		1,944,760			2,144,760
Total current liabilities		2,247,746			2,393,458
Common stock issuance liability		381,250			381,250
Total liabilities		2,628,996			2,774,708
Stockholders’ (deficit)
Common stock, par value $0.001 per share:
75,000,000 shares authorized: 47,000,000
Shares issued and outstanding, respectively		47,000			47,000
Additional paid-in capital		1,685,913			1,685,913
Retained (deficit)		(3,327,472	)		(3,163,905	)
Total stockholders’ (deficit)		(1,594,559	)		(1,430,992	)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT)	$	1,034,437		$	1,343,716

F-1

SEE ACCOMPANYING NOTES

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QUANTUM ENERGY, INC.

(formerly Boomers’ Cultural Development Inc.)

INTERIM STATEMENTS OF OPERATIONS

for the nine months ended November 30, 2007 and 2006

(Stated in US Dollars)

(Unaudited)

		Three months ended						Nine months ended
		November 30,						November 30,
		2007			2006			2007			2006
Oil and gas revenue	$	9,952		$	35,362		$	95,369		$	46,241
Lease operating expenses		-			(16,759	)		(33,411	)		(26,029	)
Production taxes		-			-			(5,245	)		-
Net oil and gas revenue		9,952			18,603			56,713			20,212
Operating expenses
Amortization depletion and depreciation		8,739			12,104			24,617			23,551
Management fees		22,800			15,200			44,400			30,200
Marketing		7,811			10,692			23,850			14,733
Office and administration		5,169			19,101			10,471			21,101
Professional fees		13,182			37,237			37,620			129,130
Total operating expenses		57,701			94,334			140,958			218,715
Net loss before other income (expenses)		(47,749	)		(75,731	)		(84,245	)		(198,503	)
Other items
Interest income		240			-			433			-
Interest expense		(23,648	)		(401,545	)		(74,891	)		(441,337	)
Currency translation		(1,415	)		(2,790	)		(4,864	)		5,089
Total other income (expenses)		(24,823	)		(404,335	)		(79,322	)		(436,248	)
Net loss	$	(72,572	)	$	(480,066	)	$	(163,567	)	$	(634,751	)
Basic and diluted loss per share	$	(0.00	)	$	(0.01	)	$	(0.00	)	$	(0.01	)
Weighted average number of shares outstanding		47,000,000			47,000,000			47,000,000			47,000,000

F-2

SEE ACCOMPANYING NOTES

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QUANTUM ENERGY, INC.

(formerly Boomers’ Cultural Development Inc.)

INTERIM STATEMENTS OF CASH FLOWS

for the nine months ended November 30, 2007 and 2006

(Stated in US Dollars)

(Unaudited)

		Nine months ended
		November 30,
		2007			2006
Operating activities
Net loss	$	(163,567	)	$	(634,751	)
Adjustment to reconcile net loss to net cash used by operating activities
Amortization, depreciation and depletion					23,551
Interest paid in stock		-			381,250
Changes in operating assets and liabilities
Accounts receivable trade		(19,784	)		(16,645	)
Accounts receivable sale of assets		308,200			-
Other receivables		-			-
Prepaid expenses		2,500			-
Accounts payable and accrued liabilities		54,288			66,746
Cash provided by (used in) operating activities		206,254			(179,849	)
Investing Activities		24,617
Acquisition of oil and gas properties		-			(819,000	)
Acquisition of other equipment		-			(11,592	)
Cash provided by (used) in investing activities		-			(830,592	)
Financing Activities
Notes receivable		-			-
Promissory notes payable		(200,000	)		1,065,050
Due to related party		-			(5,000	)
Cash provided by (used in) financing activities		(200,000	)		1,060,050
Increase (decrease) in cash during the period		6,254			49,609
Cash, beginning of the period		58,316			1,016
Cash, end of the period	$	64,570		$	50,625
Supplemental disclosure of cash flow information:
Cash paid for income tax purposes	$	-		$	-
Cash paid for interest	$	-		$	-

F-3

SEE ACCOMPANYING NOTES

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QUANTUM ENERGY, INC.

(formerly Boomers’ Cultural Development Inc.)

INTERIM STATEMENTS OF CASH FLOWS- CONTINUED

for the nine months ended November 30, 2007 and 2006

(Stated in US Dollars)

(Unaudited)

		Nine months ended
		November 30,
		2007			2006
Non-Cash Transactions
Acquisition of capital assets	$	-		$	(127,998	)
Acquisition of oil and gas properties		-			(2,648,625	)
Issuance of common stock		-			1,500
Issuance of promissory notes payable		-			1,029,710
Accounts payable and accrued liabilities		-			100,000
Additional paid-in capital		-			1,645,413
	$	-		$	-

F-4

SEE ACCOMPANYING NOTES

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QUANTUM ENERGY, INC.

(formerly Boomers’ Cultural Development Inc.)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

November 30, 2007

(Stated in US Dollars)

(Unaudited)

Note 1	Basis of Presentation of Interim Financial Statements
	While the information presented in the accompanying interim three-month financial statements is unaudited, it includes all adjustments which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim period presented. All adjustments are of a normal recurring nature. Except as disclosed below, these interim financial statements follow the same accounting policies and methods of their application as Quantum Energy, Inc.’s (“the Company’s”) audited February 28, 2007 annual financial statements.
	The results of operations for the nine-month period ended November 30, 2007, are not necessarily indicative of the results to be expected for the year ending February 28, 2008.
	These unaudited interim financial statements should be read in conjunction with the February 28, 2007 audited financial statements of the Company.
Note 2	Nature and Continuance of Operations
	a)	Organization
	Boomers Cultural Development Inc. (“the Company”) was incorporated in the State of Nevada, United States of America, on February 5, 2004. On May 18, 2006, the name of the Company was changed from Boomers Cultural Development Inc. to Quantum Energy, Inc.
	b)	Going Concern
	These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At November 30, 2007, the Company had not yet achieved profitable operations, has accumulated losses of $3,327,472 since its inception, has a working capital deficiency of $2,147,670 and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however there is no assurance of additional funding being available.

F-5

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QUANTUM ENERGY, INC.

(formerly Boomers’ Cultural Development Inc.)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

November 30, 2007

(Stated in US Dollars)

(Unaudited)

Note 2

Significant Accounting Policies

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates, which have been made using careful judgment. Actual results may vary from these estimates.

The financial statements have, in management’s opinion, been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies summarized below:

a)

Cash and Cash Equivalents

For purposes of the balance sheet and the statement of cash flows, the Company considers all highly liquid debt instruments purchased with maturity of three months or less to be cash equivalents. As at November 30, 2007, the Company had no cash equivalents.

b)

Foreign Currency Translation

The Company’s uses the U.S. dollar as its reporting currency for consistency with registrants of the Securities and Exchange Commission (“SEC”) and in accordance with the SFAS No. 52.Transactions in Canadian dollars are translated into U.S. dollars as follows:

	i)	monetary items at the rate prevailing at the balance sheet date;
	ii)	non monetary items at the historical exchange rate
	iii)	revenue and expenses at the average rate in effect during the period

Gains and losses are recorded in the statement of operations.

c)

Capital Assets

Capital assets are recorded at cost. Depreciation of computer equipment is at a rate of 30% per annum, on a straight-line basis. Depreciation of office equipment is at a rate of 20% per annum, on a straight-line basis. Depreciation of other equipment is at a rate of 20% per annum, on a straight-line basis.

d)

Website Development Costs

Website development costs represent capitalized costs of design, configuration, coding, installation and testing of the Company’s web-site up to its initial implementation. The asset is being amortized over its estimated useful life of three years using the straight-line method. Ongoing website maintenance costs will be expensed as incurred.

F-6

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QUANTUM ENERGY, INC.

(formerly Boomers’ Cultural Development Inc.)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

November 30, 2007

(Stated in US Dollars)

(Unaudited)

Note 2	Significant Accounting Policies (continued)
	f)	Basic and Diluted Loss Per Share
	In accordance with SFAS No. 128 – “Earnings per Share”, the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. At November 30, 2007, the Company had no stock equivalents that were anti-dilutive and excluded in the earnings per share computation.
	g)	Financial Instruments
	The carrying value of the Company’s financial instruments consisting of cash, accounts payable, accrued liabilities and notes payable approximate their fair value due to the short term maturity of such instruments. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial statements.

Note 3

Other Assets

			Cost			Accumulated			Net Book Value			Net Book Value
						Depreciation			November 30, 2007			February 2007
	Office equipment	$	3,629		$	1,935		$	1,695		$	2,239
	Computer equipment		1,433			1,312			121			447
		$	5,062		$	3,247		$	1,816		$	2,686

Note 4

Website Development

			Cost			Accumulated			Net Book Value			Net Book Value
						Amortization			November 30, 2007			February 2007
	Website development	$	12,591		$	7,345		$	5,246		$	8,394
		$	12,591		$	7,345		$	5,246		$	8,394

F-7 (Continued)

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QUANTUM ENERGY, INC.

(formerly Boomers’ Cultural Development Inc.)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

November 30, 2007

(Stated in US Dollars)

(Unaudited)

Note 5

Oil and Gas Properties

The Company uses the successful efforts method of accounting for oil and gas producing activities. Costs to acquire mineral interests in oil and gas properties, to drill and equip exploratory wells that find proved reserves, to drill and equip development wells and related asset retirement costs are capitalized. Costs to drill exploratory wells that do not find proved reserves, geological and geophysical costs, and costs of carrying and retaining unproved properties are expensed.

Unproved oil and gas properties that are individually significant are periodically assessed for impairment of value, and a loss is recognized at the time of impairment by providing an impairment allowance. Other unproved properties are amortized based on the Company’s experience of successful drilling and average holding period. Capitalized costs of producing oil and gas properties, after considering estimated residual salvage values, are depreciated and depleted by the unit-of-production method. Support equipment and other property and equipment are depreciated over their estimated useful lives.

On the sale or retirement of a complete unit of a proved property, the cost and related accumulated depreciation, depletion, and amortization are eliminated from the property accounts, and the resultant gain or loss is recognized. On the retirement or sale of a partial unit of proved property, the cost is charged to accumulated depreciation, depletion, and amortization with a resulting gain or loss recognized in income.

On the sale of an entire interest in an unproved property for cash or cash equivalent, gain or loss on the sale is recognized, taking into consideration the amount of any recorded impairment if the property had been assessed individually. If a partial interest in an unproved property is sold, the amount received is treated as a reduction of the costs of the interest retained.

Depletion for the nine months ended November 30, 2007 was $1,400.

Corsicana Field – JMT pilot project

On October 11, 2005, KOKO (“KOKO”) Petroleum Inc. signed a letter of intent with JMT Resources Ltd., a majority owner and operator of certain oil and gas leases, comprising 4,000 acres of mineral leasehold, located in Corsicana, Navarro County, Texas. KOKO provided an initial equity contribution of $602,300 during the year ended 2005. KOKO contributed a further $150,000 on May 23, 2006 which brought its joint venture partnership interest to 25%.

On May 31, 2006, the Company entered into an asset purchase agreement with KOKO, whereby the Company would purchase KOKO’s interest in the oil and gas leases located in Corsicana, Texas. The effective date of the KOKO Purchase agreement was July 1, 2006 with the following terms:

	a)	The Company would acquire all of the oil and gas operations, leases and wells in the Corsicana, Texas and Barnett Shale, Texas properties.
	b)	The Company would assume all of the promissory notes payable. See Note 6.
	c)	The Company agreed to contribute up to $100,000 to assist KOKO in its common stock SEC registration. To date, the Company has contributed $27,000.

F-8 (Continued)

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QUANTUM ENERGY, INC.

(formerly Boomers’ Cultural Development Inc.)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

November 30, 2007

(Stated in US Dollars)

(Unaudited)

Note 5

Oil and Gas Properties (continued)

Corsicana Field – JMT pilot project – (continued)

d)

The Company will cause to be issued 1,500,000 common stock shares of the Company to KOKO.

Any reference to the KOKO acquisition of oil and gas assets means an acquisition by the Company pursuant to this agreement purchase agreement.

On January 31, 2007, the Company reached a settlement with JMT Resources whereby the Company sold its interest in the Corsicana field for gross settlement proceeds of $308,200. The proceeds were received on May 27, 2007.

Boyd #1, Barnett Shale Project, Texas

On May 1, 2006, by letter of agreement with KOKO, the company acquired a 10% undivided working interest in and to a lease known as Boyd #1, Barnett Shale Project in Cooke County, Texas, containing approximately 40 acres and burdened by a total of 25% royalty and overriding royalty interest for $140,000. The undivided 10% working interest is subject to a pro-rata share of the royalty and overriding royalty interest equal to a 7.5% net revenue. The operator of record is Rife Energy Operating Inc. A standard operating lease governs the day to day operations.

Inglish #2, Barnett Shale Project, Texas

On May 1, 2006, by letter of agreement with KOKO, the company acquired a 10% undivided working interest in and to a lease known as Inglish #2, Barnett Shale Project in Cooke County, Texas, containing approximately 40 acres and burdened by a total of 25% royalty and overriding royalty interest for $140,000. The undivided 10% working interest is subject to a pro-rata share of the royalty and overriding royalty interest equal to a 7.5% net revenue. The operator of record is RIFE Energy Operating Inc. A standard operating lease governs the day to day operations.

Corsicana Seismic Project

The Company has also acquired a 23.5% working interest the lands under lease by JMT Resources and Rife Energy Operating Inc. and referred to as the Corsicana Field - JMT Project. The Company's geologist believes there are substantial potentials for deeper zone discoveries in this project. At present, only the Nacatoch zone is being produced at 900 feet. This area is known to possess significant oil bearing structures or traps in the Pecan Gap, Woodbine, Wolf City, Cotton Valley and Smackover down to 11,000 feet.

The intention of the Corsicana partners and the purpose of the 3 dimensional seismic is to "shoot" seismic lines over the 8 square miles and 4,000 acres of land, which upon interpretation will identify the existence of potential traps for exploratory or development drilling in one or more of the above mentioned reservoirs. Total cost to shoot is approximately $500,000. The Company has paid $100,000 towards 50% of the cost and will pay the next $150,000 upon seismic completion.

The Company entered into a settlement agreement and mutual release dated January 31, 2007 whereby the Company agreed to assign its interest in all Corsicana projects back to JMT Resources and Rife Energy Operating Inc. for a total consideration of $308,185.

F-9 Continued

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QUANTUM ENERGY, INC.

(formerly Boomers’ Cultural Development Inc.)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

November 30, 2007

(Stated in US Dollars)

(Unaudited)

Note 5

Oil and Gas Properties (continued)

Inglish #1H - Barnett Shale Project

The Company acquired a 5% working interest for gross proceeds of $135,000. This is the first horizontal well drilled by REO Energy Ltd. (the operator) in the Barnett Shale. All previous wells were vertical wells. Total cost of this well is approximately $2,700,000. The well has been drilled, completed and is now in production.

Inglish #4, #5, #D1, #D2, Craig Muncaster #6 and #7

On September 1, 2006, the Company acquired a 50% working interest in oil and gas projects located in the State of Texas. Terms of the asset purchase agreement were for gross proceeds of $400,000 payable by way of a non-interest bearing promissory note, due November 1, 2006.

On February 28, 2007 another extension was granted by way of a new promissory note, with an extended due date to October 31, 2007, which bears interest at 10% per annum and is secured by a general security agreement. As part of the extension, the Company agreed to issue 250,000 common shares to the seller, free and clear of all liens and encumbrances. If the Company duly observes and performs all of the Company’s covenants, one-half of the common stock issued (125,000 shares) shall be returned to the Company by the seller.

On October 31, 2007 a further extension was granted, with an extended due date to February 28, 2008.

The Company recognized and has recorded a charge to interest expense of $381,250 which represented the fair value ($3.05 per share) of the 125,000 shares of common stock which will not be returned to the Company. The Company and the seller have a director in common.

Other properties

On November 17, 2006 the Company acquired an oil lease, located in Oklahoma ("Cannon Lease") for gross proceeds of $14,000 and future stock, (amount to be determined) in the Company.

Note 6

Promissory Notes Payable

In accordance with the KOKO Purchase Agreement, the Company has accepted financing for $1,594,760 due on demand, interest compounded annually at 4% and $550,000 at 10%. At any time the Company may pay off all or any part of the principal that remains unpaid together with applicable interest. Gross promissory notes of $1,944,760 are not secured, and have no defined terms of repayment. Promissory notes of $250,000 are secured, by way of 250,000 shares in the capital stock of the Company and a collateral interest in the oil and gas properties. Interest of $74,891 has been accrued in the November 30, 2007 financial statements.

F-10 Continued

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QUANTUM ENERGY, INC.

(formerly Boomers’ Cultural Development Inc.)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

November 30, 2007

(Stated in US Dollars)

(Unaudited)

Note 7	Common Stock
	The authorized number of common shares remains at 75,000,000 common shares with a par value of $0.001. The Company also issued 250,000 shares in the capital stock of the Company as a collateral interest against a promissory note issued by the Company.
Note 8	Well Equipment

						Accumulated			Net Book Value			Net Book Value
			Cost			Depreciation			November 30, 2007			February 28, 2007
	Well equipment	$	127,998		$	44,799		$	83,199		$	102,398

F-11

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ITEM 2. MANAGEMENT’S DISCUSSSION AND ANALYSIS OR PLAN OF OPERATION

Overview
Quantum Energy Inc. (referred to as “Quantum” or the “Company”) was incorporated on February 5, 2004, in the State of Nevada. The Company's principal executive offices now are located at 260 – 7250 NW Expressway, Oklahoma City, OK 73132. The Company’s telephone number is 405-728-3800.

Starting in May of 2006 the Company embarked on a new business path in oil and gas exploration and acquisitions. The Company intends to acquire interests in the properties and working interests in the production owned by established oil and gas production companies, whether public or private, in United States oil producing areas. The Company believes this opportunity may have considerable future potential.

The degree of expansion of the Company’s oil and gas business will depend on availability of funds. When and if funding becomes available, the Company plans to acquire high-quality oil and gas properties. The Company will also explore low-risk development drilling and work-over opportunities with experienced, well-established operators.

Financial Condition and Results of Operations

For the three and nine-month periods ended November 30, 2007, the Company received revenue of $9,952 and $95,369 respectively from production of oil and gas from the Barnett Shale properties, as compared to $35,362 and $46,241 in revenue for the three and nine-month periods ended November 30, 2006.

For the three and nine-month period ended November 30, 2007, the Company had a net loss of approximately $72,572 and $163,567 respectively, as compared to a net loss of $480,065 and $634,751 respectively, for the three and nine-month period ended November 30, 2006, a decrease of approximately 85% and 74%, respectively.

This decrease in the net loss was the result of additional oil and gas revenues reported during the second quarter, as well as a decrease in general and administrative expenses, as compared to this same period one year ago. General and administrative expenses totaled $5,169 and $10,471 for the three and nine months ended November 30, 2007, respectively, compared to $19,101 and $21,101 for the three and nine months ended November 30, 2006, respectively. This was the result of an decrease in legal and accounting fees incurred by the Company during this quarter.

Liquidity and Capital Resources

For the nine-month period ended November 30, 2007, the Company had cash of $64,570 compared to cash of $50,625 for the nine-month period ended November 30, 2006, an increase of approximately 28%. The increase is due to $308,185 received June 4, 2007 for assets sold in the prior year.

2

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For the nine-month period ended November 30, 2007, the Company had a working capital deficit of $2,147,670, which was substantially similar to the working capital deficit of $2,154,434 for the nine-month period ended November 30, 2006.

The Company will continue to utilize the free labor of its directors and stockholders until such time as funding is sourced from the capital markets. It is anticipated that substantial additional funding will be required to maintain the Company for the next twelve months.

The Company’s continued operations will depend upon its ability to raise additional funds through bank borrowings, equity or debt financing. While the Company has been successful in raising funds to date, there is no assurance that the Company will be able to obtain additional funding when needed, or that such funding, if available, can be obtained on terms acceptable to the Company. If the Company cannot obtain needed funds, it may be forced to curtail or cease its activities.

If additional shares are issued to obtain financing, current shareholders may suffer a dilutive effect on their percentage of stock ownership in the Company. A large portion of the Company's financing to date has been through the issuance of shares or through equity financing with share based collateral. There can be no assurances that the Company will become self-sufficient. Therefore, the Company may continue to issue shares to further the business, and existing shareholders may suffer a dilutive effect on the price of their shares as well as a loss of voting power in the Company.

Going Concern
The Company has not attained profitable operations and is dependent upon obtaining financing to pursue its business objectives. For these reasons, the Company’s auditors stated in their report on the Company’s audited financial statements that they have substantial doubt the Company will be able to continue as a going concern without further financing.

The Company may continue to rely on equity sales of the common shares in order to continue to fund the Company’s business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that the Company will achieve any additional sales of the equity securities or arrange for debt or other financing to fund planned business activities.

Off-Balance Sheet Arrangements
The Company has no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

ITEM 3. CONTROLS AND PROCEDURES.

The Company maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed by it in the reports that it files or submits to the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified by the Securities and Exchange Commission’s rules and forms, and that information is accumulated and communicated to management, including the Company’s principal executive and principal financial officers (whom the Company refers to in this periodic report as its Certifying Officers), as appropriate to allow timely decisions regarding required disclosure. The Company’s management evaluated, with the participation of its Certifying Officers, the effectiveness of the Company’s disclosure controls and procedures as of August 31, 2007, pursuant to

3

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Rule 13a-15(b) under the Securities Exchange Act. Based upon that evaluation, the Company’s Certifying Officers concluded that, as of November 30, 2007, the Company’s disclosure controls and procedures were effective.

Changes in internal controls

There were no changes in the Company’s internal control over financial reporting that occurred during its most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II

ITEM 5. OTHER INFORMATION

On December 1, 2007, the Board appointed Mr. Richard Porterfield to the position of President, Secretary and member of the Board of Directors of the Corporation.

On December 1, 2007, the Board accepted the resignations of Shane Lowry as President, Chief Executive Officer and a Director of the Corporation. The resignations of Mr. Lowry was not as a result of any disagreement with the Company on any matters relating to the Company's operations, policies, or practices.

Mr. Porterfield has been in the geological community since 1978 providing his services as a geologist and successful manager. His experiences have ranged from establishing and managing of the geo-science companies to providing services as a consulting geologist for various oil and gas companies. Mr. Porterfield worked as geologist for HOKO, Inc., OKC, OK & Braden Companies in Edmond from 2002 through to 2007 and Oak Hills Energy in Ada, Oklahoma in 1997 and 1998. During 2001 and 2002 he was a geologist and a drilling forman for Young Resources, Inc. in Ft. Worth, Texas. He established and successfully managed a few of his own companies – Graphics Logging Systems, LLC in 1998-2001 and Technical Well Logging Services in Edmond, Oklahoma, which he successfully run from 1978 until 1997. Mr. Porterfield's management skills and industry network are imperative for a junior company as Quantum.

Since the change in management, the location of the Company’s offices have changed as well. The Company has changed its address from 29 – 3800 Pinnacle Way, Gallaghers Canyon, Kelowna, British Columbia, Canada, V1W 3Z8 to 260 – 7250 NW Expressway, Oklahoma City, OK 73132. The phone number has been also changed from 250 – 809 -9185 to 405-728-3800 .

ITEM 6. EXHIBITS

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*	The number preceding the decimal indicates the applicable SEC reference number in Item 601, and the number following the decimal indicating the sequence of the particular document.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on this 18^th day of January, 2008.

QUANTUM ENERGY INC.

By:	/s/ Richard Porterfield
	Richard Porterfield
	President

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