U.S.
SECURITIES AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549





FORM
10-Q


[X]  QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d)


OF THE
SECURITIES EXCHANGE ACT OF 1934


For the
quarterly period ended September 30, 2009


OR


[  ]  TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d)


OF THE
SECURITIES EXCHANGE ACT OF 1934


For the
transition period from _________ to __________





Commission
File No. 0-27633





SHAWNEE
ENERGY, INC.


(Exact
name of registrant as specified in its charter)





State of
Incorporation:  Nevada


IRS
Employer I.D. Number:  95-4679342





413
Avenue G, # 1


Redondo
Beach, California 90277


Telephone
310-493-2244


(Address
and telephone number of registrant’s principal


executive
offices and principal place of business)





INTERNET INFINITY,
INC.


(former
name, if changed since last report)





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 twelve 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
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company.


Large accelerated filer
[  ]                                                                         Accelerated
filer [  ]


Non-accelerated filer
[  ]                                                                           Smaller
reporting company [X]





As of November 18, 2009, there were
28,718,780 shares of the Registrant’s Common Stock, par value $0.001 per share,
outstanding.





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





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




1




TABLE
OF CONTENTS




PagePART I - FINANCIAL
      INFORMATION
                            3Item
      1.
                            Financial
      Statements
                            3Item
      2.
                            Management’s
      Discussion and Analysis of Financial Condition andResults
      of Operations
                            14Item
      4.
                            Controls
      and Procedures
                            15PART II - OTHER
      INFORMATION
                            15Item
      1.
                            Legal
      Proceedings
                            15Item
      6.
                            Exhibits
                            16SIGNATURES
                            17




2




PART
I – FINANCIAL INFORMATION




Item
      1. Financial
      StatementsPageBalance
      Sheets (Unaudited) at September 30, 2009
                                            
                                            4Statements
      of Operations (Unaudited)for the Three Month
      and Six Month Periods EndedSeptember
      30, 2009 and 2008
                                            
                                            5Statements
      of Cash Flows (Unaudited) for theSix
      Month Periods Ended September 30, 2009 and
    2008
                                            
                                            6Notes
      to Unaudited Financial Statements
                                            
                                            7




3






SHAWNEE
      ENERGY, INC.(FORMERLY
      KNOWN AS INTERNET INFINITY, INC.)BALANCE
      SHEETS(UNAUDITED)September
      30, 2009
                                    
                                    
                                    March
      31, 2009ASSETSCURRENT
      ASSETSCash
      & cash equivalents
                                    
                                    $
                                    50
                                    
                                    
                                    $
                                    -Accounts
      Receivable, Net
                                    
                                    
                                    6,000
                                    
                                    
                                    
                                    -Total
      assets
                                    
                                    
                                    6,050
                                    
                                    
                                    
                                    -LIABILITIES AND STOCKHOLDERS'
      DEFICITCURRENT
      LIABILITIESAccounts
      payable & accrued expenses
                                    
                                    $
                                    329,313
                                    
                                    
                                    $
                                    231,363Note
      payable
                                    
                                    
                                    27,000
                                    
                                    
                                    
                                    27,000Note
      payable - related parties
                                    
                                    
                                    410,022
                                    
                                    
                                    
                                    407,622Due
      to officer
                                    
                                    
                                    219,529
                                    
                                    
                                    
                                    258,038Due
      to related party
                                    
                                    
                                    7,209
                                    
                                    
                                    
                                    7,209Total
      current liabilities
                                    
                                    
                                    993,073
                                    
                                    
                                    
                                    931,232STOCKHOLDERS'
      DEFICITPreferred
      stock, $.001 par value; 30,000,000 sharesauthorized,
      none outstanding
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -Common
      stock, $.001 par value; 100,000,000 shares authorized28,718,780
      shares issued and outstanding
                                    
                                    
                                    28,719
                                    
                                    
                                    
                                    28,719Additional
      paid in capital
                                    
                                    
                                    1,075,042
                                    
                                    
                                    
                                    1,075,042Accumulated
      deficit
                                    
                                    
                                    (2,090,784
                                    )
                                    
                                    
                                    (2,034,993
                                    )Total
      stockholders' deficit
                                    
                                    
                                    (987,023
                                    )
                                    
                                    
                                    (931,232
                                    )Total
      liabilities and stockholders' deficit
                                    
                                    $
                                    6,050
                                    
                                    
                                    $
                                    -The
      accompanying notes are an integral part of these unaudited financial
      statements.
  4
  SHAWNEE
      ENERGY, INC.(FORMERLY
      KNOWN AS INTERNET INFINITY, INC.)STATEMENTS
      OF OPERATIONSFOR
      THE THREE MONTH AND SIX MONTH PERIODS ENDED SEPTEMBER 30, 2009 &
      2008(UNAUDITED)For
      the Three Month Periods Ended September 30,
                                                
                                                
                                                For
      the Six Month Periods Ended September 30,2009
                                                
                                                
                                                2008
                                                
                                                
                                                2009
                                                
                                                
                                                2008Net
      revenues
                                                
                                                $
                                                9,000
                                                
                                                
                                                $
                                                -
                                                
                                                
                                                $
                                                9,000
                                                
                                                
                                                $
                                                -Cost
      of revenues
                                                
                                                
                                                1,800
                                                
                                                
                                                
                                                -
                                                
                                                
                                                
                                                1,800
                                                
                                                
                                                
                                                -Gross
      profit
                                                
                                                
                                                7,200
                                                
                                                
                                                
                                                -
                                                
                                                
                                                
                                                7,200
                                                
                                                
                                                
                                                -Operating
      expensesProfessional
      fees
                                                
                                                
                                                23,935
                                                
                                                
                                                
                                                16,211
                                                
                                                
                                                
                                                30,009
                                                
                                                
                                                
                                                20,104Salaries
      and related expenses
                                                
                                                
                                                -
                                                
                                                
                                                
                                                -
                                                
                                                
                                                
                                                -
                                                
                                                
                                                
                                                180Consulting
      fees to related party
                                                
                                                
                                                -
                                                
                                                
                                                
                                                1,800
                                                
                                                
                                                
                                                900
                                                
                                                
                                                
                                                9,099Others
                                                
                                                
                                                3,920
                                                
                                                
                                                
                                                1,603
                                                
                                                
                                                
                                                5,120
                                                
                                                
                                                
                                                3,275Total
      operating expenses
                                                
                                                
                                                27,855
                                                
                                                
                                                
                                                19,614
                                                
                                                
                                                
                                                36,029
                                                
                                                
                                                
                                                32,658Loss
      from operations
                                                
                                                
                                                (20,655
                                                )
                                                
                                                
                                                (19,614
                                                )
                                                
                                                
                                                (28,829
                                                )
                                                
                                                
                                                (32,658
                                                )Other
      income (expense):Interest
      expense
                                                
                                                
                                                13,173
                                                
                                                
                                                
                                                10,776
                                                
                                                
                                                
                                                26,161
                                                
                                                
                                                
                                                21,132Loss
      before income taxes
                                                
                                                
                                                (33,828
                                                )
                                                
                                                
                                                (30,390
                                                )
                                                
                                                
                                                (54,990
                                                )
                                                
                                                
                                                (53,790
                                                )Provision
      for income taxes
                                                
                                                
                                                -
                                                
                                                
                                                
                                                -
                                                
                                                
                                                
                                                800
                                                
                                                
                                                
                                                800Net
      loss
                                                
                                                $
                                                (33,828
                                                )
                                                
                                                $
                                                (30,390
                                                )
                                                
                                                $
                                                (55,790
                                                )
                                                
                                                $
                                                (54,590
                                                )Basic
      & diluted weighted average number ofcommon
      stock outstanding
                                                
                                                
                                                28,718,780
                                                
                                                
                                                
                                                28,718,780
                                                
                                                
                                                
                                                28,718,780
                                                
                                                
                                                
                                                28,718,780Basic
      & diluted net loss per share
                                                
                                                $
                                                (0.00
                                                )
                                                
                                                $
                                                (0.00
                                                )
                                                
                                                $
                                                (0.00
                                                )
                                                
                                                $
                                                (0.00
                                                )Weighted
      average number of shares used to compute basic and diluted loss per share
      is the same as the effect of dilutive securities is
      anti-dilutive.The
      accompanying notes are an integral part of these unaudited financial
      statements.
  5
  SHAWNEE
      ENERGY, INC.(FORMERLY
      KNOWN AS INTERNET INFINITY, INC.)STATEMENTS
      OF CASH FLOWSFOR
      THE SIX MONTH PERIODS ENDED SEPTEMBER 30, 2009 AND 2008(UNAUDITED)2009
                                      
                                      
                                      2008CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      loss
                                      
                                      $
                                      (55,790
                                      )
                                      
                                      $
                                      (54,590
                                      )Adjustments
      to reconcile net loss to net cash provided byoperating
      activities:Capital
      contribution via services provided
                                      
                                      
                                      -
                                      
                                      
                                      
                                      5,499(Increase)
      in accounts receivable
                                      
                                      
                                      (6,000
                                      )
                                      
                                      
                                      -Increase
      in accounts payable and accrued expenses
                                      
                                      
                                      97,949
                                      
                                      
                                      
                                      48,306Increase
      in due to related company
                                      
                                      
                                      -
                                      
                                      
                                      
                                      3,444Net
      cash provided by operating activities
                                      
                                      
                                      36,159
                                      
                                      
                                      
                                      2,659CASH
      FLOWS FROM FINANCING ACTIVITIES:Payment
      to officer
                                      
                                      
                                      (38,509
                                      )
                                      
                                      
                                      (5,987
                                      )Proceeds
      from notes payable - related party
                                      
                                      
                                      2,400
                                      
                                      
                                      
                                      2,400Net
      cash used in financing activities
                                      
                                      
                                      (36,109
                                      )
                                      
                                      
                                      (3,587
                                      )NET
      INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS
                                      
                                      
                                      50
                                      
                                      
                                      
                                      (928
                                      )CASH
      & CASH EQUIVALENTS, BEGINNING BALANCE
                                      
                                      
                                      -
                                      
                                      
                                      
                                      990CASH
      & CASH EQUIVALENTS, ENDING BALANCE
                                      
                                      $
                                      50
                                      
                                      
                                      $
                                      62SUPPLEMENTARY
      DISCLOSURES OF CASH FLOW INFORMATION:Interest
      paid
                                      
                                      $
                                      -
                                      
                                      
                                      $
                                      -Taxes
      paid
                                      
                                      $
                                      -
                                      
                                      
                                      $
                                      -The
      accompanying notes are an integral part of these unaudited financial
      statements.
  6
  SHAWNEE
ENERGY, INC.
 (formerly
known as Internet Infinity, Inc.)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
   NOTE
      1
                ORGANIZATION
 
 Internet
Infinity, Inc. (III) was incorporated in the State of Delaware on
October 27, 1995. III was re-incorporated in Nevada on December 17,
2004. On September 18, III filed its Certificate of Amendment to Articles of
Incorporation.  This amendment changed the name of the corporation to
Shawnee Energy, Inc. (the Company) effective September 21, 2009. The Company is
in the business of creating internet marketing strategies and supporting
management in the plan and design of social marketing networks and distribution
of electronic media services through replication and the creation of replication
masters.
  
 NOTE
      2
                BASIS
      OF PRESENTATION AND BUSINESS
 
 Unaudited
Interim Financial Information
 
 The
accompanying unaudited consolidated financial statements have been prepared by
the Company, pursuant to the rules and regulations of the Securities and
Exchange Commission (the “SEC”) as applicable to smaller reporting companies,
and generally accepted accounting principles for interim financial reporting.
The information furnished herein reflects all adjustments (consisting of normal
recurring accruals and adjustments) which are, in the opinion of management,
necessary to fairly present the operating results for the respective periods.
Certain information and footnote disclosures normally presented in annual
consolidated financial statements prepared in accordance with accounting
principles generally accepted in the United States of America (“U.S. GAAP”) have
been omitted pursuant to such rules and regulations. These unaudited condensed
consolidated financial statements should be read in conjunction with the audited
consolidated financial statements and footnotes included in the Company’s Annual
Report on Form 10. The results of the six month period ended September 30, 2009
are not necessarily indicative of the results to be expected for the full year
ending March 31, 2010.
 
  Use
of estimates
  The
preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.
  7
 SHAWNEE
ENERGY, INC.
 (formerly
known as Internet Infinity, Inc.)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
 Reclassifications
  Certain
comparative amounts have been reclassified to conform to the current year's
presentation.
  Revenue
Recognition
  During
the three months and the six months ended September 30, 2009, the Company began
to assist More American Jobs, from which the CEO of the Company holds minority
interest, in developing its website, social network, marketing strategies and
public relations. Revenue was recognized on a monthly basis when the service was
performed and billed to the customer, and the collectability of accounts
receivable was reasonably assured. During the three months and the six months
ended September 30, 2009, the Company generated $9,000 as revenue and recorded
accounts receivable at $6,000 (net of bad debt allowance of
$3,000).
 
 Recent
Pronouncements
  In June
2009, the FASB issued ASC 105 (previously SFAS No. 168, The FASB Accounting Standards
Codification and the Hierarchy of Generally Accepted Accounting Principles
("GAAP") - a replacement of FASB Statement No. 162), which will become
the source of authoritative accounting principles generally accepted in the
United States recognized by the FASB to be applied to nongovernmental entities.
The Codification is effective in the third quarter of 2009, and accordingly,
the Quarterly Report on Form 10-Q for the quarter ending September 30, 2009
and all subsequent public filings will reference the Codification as the sole
source of authoritative literature. The Company does not believe that this will
have a material effect on its consolidated financial statements.
 
 In
June 2009, the FASB issued amended standards for determining whether to
consolidate a variable interest entity. These amended standards eliminate a
mandatory quantitative approach to determine whether a variable interest gives
the entity a controlling financial interest in a variable interest entity in
favor of a qualitatively focused analysis, and require an ongoing reassessment
of whether an entity is the primary beneficiary. These amended standards are
effective for us beginning in the first quarter of fiscal year 2010 and we are
currently evaluating the impact that adoption will have on our consolidated
financial statements.
 
 In June
2009, the FASB issued ASC 855 (previously SFAS No. 165, Subsequent Events), which
establishes general standards of accounting for and disclosures of events that
occur after the balance sheet date but before the financial statements are
issued or available to be issued. It is effective for interim and annual periods
ending after June 15, 2009. There was no material impact upon the adoption of
this standard on the Company’s consolidated financial statements.
  8
 SHAWNEE
ENERGY, INC.
 (formerly
known as Internet Infinity, Inc.)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
 In August
2009, the FASB issued Accounting Standards Update (“ASU”) 2009-05, which amends
ASC Topic 820, Measuring
Liabilities at Fair Value, which provides additional guidance on the
measurement of liabilities at fair value. These amended standards clarify that
in circumstances in which a quoted price in an active market for the identical
liability is not available, we are required to use the quoted price of the
identical liability when traded as an asset, quoted prices for similar
liabilities, or quoted prices for similar liabilities when traded as assets. If
these quoted prices are not available, we are required to use another valuation
technique, such as an income approach or a market approach. These amended
standards are effective for us beginning in the fourth quarter of fiscal year
2009 and are not expected to have a significant impact on our consolidated
financial statements.
 
 NOTE
      3
                UNCERTAINTY
      OF ABILITY TO CONTINUE AS A GOING
CONCERN
 
 The
Company's financial statements are prepared using the generally accepted
accounting principles applicable to a going concern, which contemplates the
realization of assets and liquidation of liabilities in the normal course of
business. However, the Company has accumulated deficit of $2,090,784 at
September 30, 2009, and its total liabilities exceed its total assets by
$987,023.
  In view
of the matters described above, recoverability of a major portion of the
recorded asset amounts shown in the accompanying balance sheets is dependent
upon continued operations of the Company, which in turn is dependent upon the
Company’s ability to raise additional capital, obtain financing and to succeed
in its future operations. The financial statements do not include any
adjustments relating to the recoverability and classification of recorded asset
amounts or amounts and classification of liabilities that might be necessary
should the Company be unable to continue as a going concern.
  Management
has taken the following steps to revise its operating and financial
requirements, which it believes are sufficient to provide the Company with the
ability to continue as a going concern. The Company is actively pursuing the new
business development company activities and additional funding from strategic
partners, which would enhance stockholders’ investment. Management believes that
the above actions will allow the Company to continue operations through the next
fiscal year.
  9
 SHAWNEE
ENERGY, INC.
 (formerly
known as Internet Infinity, Inc.)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
 NOTE
      4
                ACCOUNT
      PAYABLE & ACCRUED EXPENSES
 
 Accrued
expenses consist of the following at
 
 September
       30,
                                  2009
                                
                                
                                March 31,
                                  2009Accrued
      taxes
                                $
                                5,600
                                
                                
                                $
                                4,800Accrued
      interest
                                
                                241,767
                                
                                
                                
                                175,047Accrued
      accounting
                                
                                32,680
                                
                                
                                
                                26,000Accounts
      payable
                                
                                49,266
                                
                                
                                
                                25,516$
                                329,313
                                
                                
                                $
                                231,363
 
 
 NOTE
      5
                NOTES
      PAYABLE
 
 September
      30,2009
                                        
                                        
                                        March 31,2009Five
      notes payable with various unrelated individuals. The notes
      are
                                          due
      upon 90 days written notice from the individuals. The notes
      are
                                          unsecured,
      with interest ranging from 6% to 12% payable quarterly.
                                          The
      notes have been outstanding since 1990. Interest expense for
                                          the
      six month periods ended September 30, 2009 and 2008 was
                                          $990
      and $990.
                                        
                                        $
                                        27,000
                                        
                                        
                                        $
                                        27,000
   NOTE
      6
                RELATED
      ENTITIES TRANSACTIONS
 George
Morris is chief financial officer, vice president, the chairman of the Board of
directors of the Company and the controlling shareholder of the Company and its
related parties through his beneficial ownership of the
following percentages of the outstanding voting shares of the related
parties:
  Internet
      Infinity, Inc. (The Company)
                          
                          
                          85.10
                          %Morris
      & Associates, Inc.
                          
                          
                          71.30
                          %Morris
      Business Development Company
                          
                          
                          82.87
                          %Apple
      Realty, Inc.
                          
                          
                          100.00
                          %L&M
      Media, Inc.
                          
                          
                          100.00
                          %
 10
  SHAWNEE
ENERGY, INC.
 (formerly
known as Internet Infinity, Inc.)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
   The
Company has notes payable to related parties on September 30, 2009 and
March 31, 2009 as follows:
 
 September
      30,
                      
                      
                      March 31,2009
                      
                      
                      2009Anna
      Moras (mother of George Morris), with interest at 6% per annum, due upon
      90 days written notice. Interest expenses for the six months ended
      September 30, 2009 and 2008 on this note are $1,012 and $953,
      respectively.
                      
                      $
                      14,652
                      
                      
                      $
                      14,652Apple
      Realty, Inc. (related through a common controlling shareholder), secured
      by assets of the Company, past due and payable upon demand. Interest
      accrues at 6% per annum. This note is in connection with consulting fees
      and office expenses owed. Interest expenses on this note for the six
      months ended September 30, 2009 and 2008 are $14,490 and $10,438,
      respectively.
                      
                      
                      359,615
                      
                      
                      
                      357,215L&M
      Media, Inc. (related through a common controlling shareholder) – Accounts
      payable for purchases, converted into a note during the three month period
      ended September 30, 2004. The note is due on demand, unsecured and
      interest accrues at 6% per annum. Interest expenses on this note for the
      six months ended September 30, 2009 and 2008 are $1,522 and $1,434,
      respectively.
                      
                      
                      35,755
                      
                      
                      
                      35,755Total
      notes payable – related parties
                      
                      $
                      410,022
                      
                      
                      $
                      407,622
 
 The
Company utilizes office space, telephone and utilities provided by Apple Realty,
Inc. at estimated fair market values, as follows:
 
 Monthly
                        
                        
                        AnnuallyRent
                        
                        $
                        100
                        
                        
                        $
                        1,200Telephone
                        
                        
                        100
                        
                        
                        
                        1,200Utilities
                        
                        
                        100
                        
                        
                        
                        1,200Office
      Expense
                        
                        
                        100
                        
                        
                        
                        1,200$
                        400
                        
                        
                        $
                        4,800
 
 11
 SHAWNEE
ENERGY, INC.
 (formerly
known as Internet Infinity, Inc.)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
   The
Company has a month-to-month agreement with Apple Realty, Inc. for a total
monthly fee of $400 for the above expenses.
  The
Company has a payable to officer of $219,529 and $258,038 as of September 30,
2009 and March 31, 2009, respectively, as follows:
  September
      30,
                            2009
                          
                          
                          March 31,
                            2009Unsecured
      miscellaneous payables upon demand to the chairman with interest at 6% per
      annum.
                          
                          $
                          219,529
                          
                          
                          $
                          258,038
  Interest
accrued for the six month periods ended September 30, 2009 and 2008, on the
above note in the amounts of $7,830 and $3,647, respectively. Total interest
payable at September 30, 2009 and March 31, 2009 on this note are $48,358
and $40,558 respectively have been included in the financial
statements.
  The
Company has a payable to Morris Business Development Company and Morris &
Associates, Inc., parties related through a common controlling shareholder,
amounting to $7,209 as of September 30, 2009 and $7,209 as of
March 31, 2009. The amount is interest free, unsecured and due on
demand.
  NOTE
      7
                INCOME
      TAXES
 
 No
provision was made for federal income tax for the six months period ended
September  30, 2009 and year ended March 31, 2009, since the Company
had significant net operating loss. The net operating loss carry forwards may be
used to reduce taxable income through the year 2027. The availability of the
Company’s net operating loss carry forwards are subject to limitation if there
is a 50% or more positive change in the ownership of the Company’s stock. The
provision for income taxes consists of the state minimum tax imposed on
corporations.
 
 The net
operating loss carry forward for federal and state income tax purposes of
approximately $1,418,375 and $1,362,585 as of September 30, 2009 and March 31,
2009 respectively.
 
 The
Company has recorded a 100% valuation allowance for the deferred tax asset due
to the uncertainty of its realization.
 
 The
components of the net deferred tax asset are summarized below:
  12
 SHAWNEE
ENERGY, INC.
 (formerly
known as Internet Infinity, Inc.)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
 September
      30, 2009
                            
                            
                            March
      31, 2009Deferred
      tax asset – net operating loss
                            
                            $
                            567,323
                            
                            
                            $
                            545,007Less
      valuation allowance
                            
                            
                            (567,323
                            )
                            
                            
                            (545,007
                            )Net
      deferred tax asset
                            
                            $
                            -
                            
                            
                            $
                            -
   The
following is a reconciliation of the provision for income taxes at the U.S.
federal income tax rate to the income taxes reflected in the Statement of
Operations:
 
 September
      30, 2009
                
                
                March
      31, 2009Tax
      expense (credit) at statutory rate-federal
                -34
                %
                
                
                -34
                %State
      tax expense net of federal tax
                -6
                %
                
                
                -6
                %Changes
      in valuation allowance
                40
                %
                
                
                40
                %Tax
      expense at actual rate
                -
                
                
                
                -
 
 Income
tax expense consisted of the following:
 
 September
      30, 2009
                
                
                March
      31, 2009Current
      tax expense:Federal
                
                $
                -
                
                
                $
                -State
                
                
                800
                
                
                
                800Total
      current
                
                $
                800
                
                
                $
                800Deferred
      tax credit:Federal
                
                $
                18,969
                
                
                $
                36,560State
                
                
                3,347
                
                
                
                6,452Total
      deferred
                
                $
                22,316
                
                
                $
                43,011Less:
      valuation allowance
                
                
                (22,316
                )
                
                
                (43,011
                )Net
      deferred tax credit
                
                
                -
                
                
                
                -Tax
      expense
                
                $
                800
                
                
                $
                800
   13




Item
2. Management’s
Discussion and Analysis or Plan of Operation





The following discussion and analysis
should be read in conjunction with the financial statements and the accompanying
notes thereto for the six-month period ended September 30, 2009 and is qualified
in its entirety by the foregoing and by more detailed financial information
appearing elsewhere.  See “Item 1.  Financial
Statements.”  The discussion includes management’s expectations for
the future.





Results
of Operations – Second Quarter (“Q2”) of Fiscal 2010 Compared to Second Quarter
(“Q2”) of Fiscal 2009





Operating
Revenue





Operating revenue for Q2 2010 increased
to $9,000 from $0 for Q2 2009.  This increase in operating revenue is
primarily due to providing continuing Internet and social network marketing
services to clients.





Operating
Expenses





Operating expenses for Q2 2010
increased to $27,855 from $19,613 for Q2 2009.  This increase in
operating expenses is primarily due to overhead associated  with
revenue generation.





Net
Income (Loss)





The company had a net loss of $33,828
in Q2 2010, as compared with a net loss of $30,390 in Q2 2009.  This
increase was due to primarily to a $7,724 increase in professional legal and
accounting fees for business development.





Balance
Sheet Items





Our cash position decreased to $50 at
September 30, 2009 (Q2 2010) by $12 from $62 at September 30, 2008 (Q2
2009).





Results of Operations –
First Half of Fiscal Year 2010 Compared to First Half of Fiscal Year
2009





Internet
Infinity revenues for the first half of FY 2010 were $9,000, an increase in
revenues from $0 in the first half of FY 2009.  The lack of sales was
attributable to the change in our Company’s business eCommerce model and the
lack of sales opportunities.  The Company is now providing some
Internet and social marketing services to a startup company “More American Jobs”
(“MAJ”) in which our CEO George Morris has a minority interest through Morris
Business Development Company and Patrick Howell is President and holds the
single largest ownership interest of More American Jobs.





14


Cost
of Sales - Gross Margin





Our cost of sales was $1,800 for the
first half of FY 2010, an increase of $1,800 from the first half of FY 2009
amount of $0.





Operating
Expenses





Operating
expenses for the first half of FY 2010 increased to $36,029 from $32,658 for the
first half of FY 2009, or a $3,371 increase.  This increase in
operating expenses is primarily due to an increase of $9,905 in professional
fees, a decrease in consulting fees to related party of $8,199 offset by a $180
decrease in salaries and a $1,845 increase in other expenses.





Net
Income (Loss)





We had net loss of $55,790 in the first
half of FY 2010, as compared with a net loss of $54,590 in the first half of FY
2009.  The net loss for the first half of 2010 is attributable to new
business development costs for the Company.





Item
4.    Controls and Procedures





Evaluation of disclosure
controls and procedures.  The Company carried out an
evaluation, under the supervision and with the participation of the Company's
management, including the Company's Chief Executive Officer and Chief Financial
Officer, of the effectiveness of the design and operation of the Company's
disclosure controls and procedures as of the end of the period covered by this
report. Based upon that evaluation, the Chief Executive Officer and Chief
Financial Officer concluded that the Company's disclosure controls and
procedures are effective and are designed to provide reasonable assurances of
achieving their objectives.  Further, the Company’s officers concluded
that its disclosure controls and procedures are also effective to ensure that
information required to be disclosed in the reports that it files or submits
under the Exchange Act is accumulated and communicated to its management,
including its chief executive officer and chief financial officer, to allow
timely decisions regarding required disclosure.  There were no
significant changes in the Company's internal control over financial reporting
during the period covered by this report that have materially affected, or are
reasonably likely to materially affect our internal controls over financial
reporting.





PART
      II - OTHER INFORMATION





Item
1. Legal
Proceedings





We are not, and none of our property
is, a party to any pending legal proceedings, and no such proceedings are known
to be contemplated.





No director, officer or affiliate of
the company, and no owner of record or beneficial owner of more than 5.0% of the
securities of the company, or any associate of any such director, officer or
security holder is a party adverse to the company or has a material interest
adverse to the Company in reference to any litigation.





15


Item
6.                                Exhibits





The following exhibits are filed, by
incorporation by reference, as part of this Form 10-Q:





2
            Certificate
      of Ownership and Merger of Morris & Associates, Inc., a
      California corporation, into Internet Infinity, Inc., a Delaware
      corporation*





2.1
            Plan
      of Merger (Internet Infinity - Delaware into Internet Infinity -
      Nevada)***





2.2
            State
      of Delaware Certificate of Merger of Domestic Corporation into Foreign
      Corporation which merges Internet Infinity, Inc., a Delaware corporation,
      with and into Internet Infinity, Inc., a Nevada
    corporation***





2.3
            Articles
      of Merger (Pursuant to NRS 92A.200) which merges Internet Infinity, Inc.,
      a Delaware corporation, with Internet Infinity, Inc., a Nevada
      corporation, with the Nevada corporation being the surviving
      entity***





3
            Articles
      of Incorporation of Internet Infinity,
Inc.*





3.1
            Amended
      Certificate of Incorporation of Internet Infinity,
  Inc.*




3.2
              Bylaws
      of Internet Infinity, Inc.*


3.3
            Corporate
      Charter and Articles of Incorporation of Internet Infinity, Inc., a Nevada
      corporation***





3.4
            Certificate
      of Amendment to Articles of Incorporation of Internet Infinity, Inc., a
      Nevada corporation++





3.5
            Certificate
      of Amendment to Articles of Incorporation of Internet Infinity, Inc., a
      Nevada corporation+++





10.1
            Master
      License and non-exclusive Distribution Agreement between Internet
      Infinity, Inc. and Lord & Morris Productions,
    Inc.*





10.2
            Master
      License and Exclusive Distribution Agreement between L&M Media, Inc.
      and Internet Infinity, Inc.*





10.3
            Master
      License and Exclusive Distribution Agreement between
      Hollywood Riviera Studios and Internet Infinity,
  Inc.*





10.4
            Fulfillment
      Supply Agreement between Internet Infinity, Inc. and Ingram Book
      Company**




14
              Code
      of Ethics for CEO and Senior Financial
  Officers+
  16


31.1
            Certification
      of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted
      pursuant to Section 302 of the Sarbanes-Oxley Act of
  2002.




31.2
            Certification
      of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted
      pursuant to Section 302 of the Sarbanes-Oxley Act of
  2002.




32.1
            Certification
      of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted
      pursuant to Section 906 of the Sarbanes-Oxley Act of
  2002.




32.2
            Certification
      of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted
      pursuant to Section 906 of the Sarbanes-Oxley Act of
  2002.







*Previously
filed with Form 10-SB 10-13-99; Commission File No. 0-27633incorporated
herein.





**Previously
filed with Amendment No. 2 to Form 10-SB 02-08-00; Commission FileNo. 0-27633
incorporated herein.





***Previously
filed with Form 8-K Current Report March 14, 2005, Commission File No. 0-27633
incorporated herein.





+Previously
filed with Form 10-KSB; Commission File No. 0-27633 incorporated herein.





++Previously
filed with Form 8-K Current Report February 17, 2006; Commission File No.
0-27633 incorporated herein.





+++Previously
filed with Form 8-K Current Report September 21, 2009; Commission File No.
0-27633 incorporated herein.





SIGNATURES





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




SHAWNEE
      ENERGY, INC.Dated:  November
      20, 2009
              By:
              /s/
      George
      MorrisGeorge
      Morris, Chief Executive Officer







17