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

                             FORM 10-QSB
(Mark One)

[X]    QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
       SECURITIES EXCHANGE ACT OF 1934

             For the quarterly period ended June 30, 2007


[ ]    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
       For the Transition Period from ____________ to _________________


                       Commission File Number
                             000-52470

                         KNIGHT ENERGY CORP.
   -----------------------------------------------------------------
   (Exact name of small business issuer as specified in its charter)

           Maryland                                     87-0583192
-------------------------------                     -------------------
(State or other jurisdiction of                      (I.R.S. Employer
incorporation or organization)                      Identification No.)

                         836 Blue Jay Lane
                         Coppell, TX 75019
             ----------------------------------------
             (Address of principal executive offices)

                           972-841-6298
                    ---------------------------
                    (Issuer's telephone number)

                                N/A
       ----------------------------------------------------
       (Former name, former address and former fiscal year,
                     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 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 past 90 days.

            Yes [X]                                No [ ]

Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act):

            Yes [ ]                                No [X]


State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date: Common Stock,
$.0001 par value, 25,497,855 outstanding as of August 10, 2007.

Transitional Small Business Disclosure Format (check one):

            Yes [ ]                                No [X]

<PAGE>





                           KNIGHT ENERGY CORP.
                              FORM 10-QSB

                            TABLE OF CONTENTS

                                                                       Page
                                                                       ----

PART I - FINANCIAL INFORMATION........................................  1

Item 1. Consolidated Financial Statements.............................  2

Item 2. Management's Discussion and Analysis or Plan of Operation.....  10

Item 3. Controls and Procedures.......................................  14

PART II - OTHER INFORMATION...........................................  14

Item 1.  Legal Proceedings............................................  14

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds...  15

Item 3. Defaults Upon Senior Securities...............................  15

Item 4. Submission of Matters to a Vote of Security Holders...........  15

Item 5. Other Information.............................................  16

Item 6. Exhibits......................................................  16

SIGNATURES............................................................  17


<PAGE>





                     PART I - FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements

Filed herewith are the following consolidated financial statements:

Consolidated Balance Sheets at June 30, 2007 (Unaudited) and December
31, 2006 (Audited)

Consolidated Statements of Operations for the three and six months
ended June 30, 2007 (Unaudited) and for the three months ended June
30, 2006 (Unaudited) and from Inception Date of March 2, 2006 to June
30, 2006 (Audited)

Consolidated Statements of Cash Flows for the six months ended June
30, 2007 (Unaudited) and from Inception Date of March 2, 2006 to June
30, 2006 (Audited)

Notes to Consolidated Financial Statements
















































                                  1

<PAGE>

                 Knight Energy Corp. and Subsidiaries
                     Consolidated Balance Sheets
<TABLE>
<CAPTION>

                   ASSETS
                   ------
                                             (Unaudited)        (Audited)
                                               June 30,        December 31,
                                                 2007              2006
                                            -------------     -------------
<S>                                         <C>               <C>
Current assets:
Cash and cash equivalents                   $     182,847     $      15,544
Trade receivables                                 129,056            27,609
Prepaid consulting, related party                  61,906             2,040
Other current assets                               40,183            48,478
                                            -------------     -------------
Total current assets                              413,992            93,671

Property and equipment:
Oil and gas properties, successful
  efforts method                                2,483,787         1,105,398
Other property and equipment                    2,530,622         2,140,442
Accumulated depreciation and depletion           (389,123)         (108,631)
                                            -------------     -------------
Property and equipment, net                     4,625,286         3,137,209
                                            -------------     -------------
Total assets                                $   5,039,278     $   3,230,880
                                            =============     =============

                 LIABILITIES
                 -----------

Current liabilities:
Accounts payable                            $     203,368     $     115,734
Accrued expenses                                  404,689           288,212
Note payable - related party                            -           100,000
                                            -------------     -------------
Total current liabilities                         608,057           503,946

Asset retirement obligations                      136,494            80,279
                                            -------------     -------------
Total liabilities                                 744,551           584,225

Commitments and contingencies                           -                 -

             STOCKHOLDERS' EQUITY
             --------------------

Preferred stock, $0.0001 par value,
  50,000,000 shares authorized
  Zero shares issued and outstanding                    -                 -
Common stock, $0.0001 par value,
  500,000,000 shares authorized
  25,497,855 and 18,522,505 shares
  issued and outstanding at June
  30, 2007 and December 31, 2006,
  respectively                                      2,550             1,852
Common stock issuable, $0.0001 par
  value 2,660,980 and 6,235,550 at
  June  30, 2007 and December 31, 2006,
  respectively                                        266               624
Additional paid in capital                      7,148,961         4,568,422
Accumulated deficit                            (2,855,800)       (1,922,993)
Less: Stock subscription receivable                (1,250)           (1,250)
                                            -------------     -------------
Total stockholders' equity                      4,294,727         2,646,655
                                            -------------     -------------
Total liabilities and stockholders' equity  $   5,039,278     $   3,230,880
                                             ============      ============
</TABLE>
            The accompanying notes are an integral part of the
                    consolidated financial statements.


                                  2
<PAGE>

                 Knight Energy Corp. and Subsidiaries
                Consolidated Statements of Operations

<TABLE>
<CAPTION>

                                                                                 (Audited)
                                 (Unaudited)                (Unaudited)     From Inception Date
                               Three Months Ended        Six Months Ended     of March 2, 2006
                                    June 30                   June 30,          to June 30,
                               2007          2006               2007                2006
                             ------------------------------------------------------------------
<S>                          <C>           <C>             <C>                  <C>
Revenues, net                $   445,128   $       926     $    504,481         $        926

Operating expenses:
Lease operating costs            105,358             -          116,010                    -
Repairs and maintenance           90,543        29,456          110,702               32,545
General and administrative       481,387        17,519          625,444               21,243
Rent                               2,268         1,301            3,752                2,808
Consulting                        86,547        83,554          122,797              711,669
Professional                     104,037        34,356          155,359               34,356
Depreciation, depletion,
  and accretion                  153,172         9,886          282,294                9,886
                             ------------------------------------------------------------------
Total operating expenses       1,023,312       176,072        1,416,358              812,507

Operating loss                  (578,184)     (175,146)        (911,877)            (811,581)

Interest income                      116             -              116                    -
Interest expense                 (18,712)       (7,373)         (21,046)              (7,373)
                             ------------------------------------------------------------------

Net loss                     $  (596,780)  $  (182,519)    $   (932,807)        $   (818,954)
                             ==================================================================


Net loss per share
  - basic and diluted        $     (0.02)  $     (0.01)    $      (0.04)        $      (0.05)
                             ==================================================================

Weighted average shares
   - basic and diluted        27,091,604    16,885,984       26,106,544           16,399,360
                             ==================================================================
</TABLE>






















            The accompanying notes are an integral part of the
                    consolidated financial statements.



                                  3
<PAGE>

                 Knight Energy Corp. and Subsidiaries
                Consolidated Statements of Cash Flows
<TABLE>
<CAPTION>


                                            (Unaudited)             (Audited)
                                                               From Inception Date
                                          Six Months Ended      of March 2, 2006
                                             June 30,               to June 30
                                               2007                     2006
                                          ----------------------------------------
<S>                                       <C>                  <C>
Cash Flows From Operating Activities:
Net loss                                  $      (932,807)     $         (818,954)
Adjustments to reconcile net loss to
  net cash used in operations:
    Depreciation and depletion expense            280,492                   9,886
    Accretion expense                               1,802                       -
    Stock issued for consulting                         -                  67,500
    Stock issued for employee bonus                20,000                       -
    Warrant issued for consulting                       -                 574,000
    Imputed interest on shareholder note                -                   7,373
    Trade receivables                            (101,447)                   (926)
    Prepaid consulting, related party             (59,866)                      -
    Other current assets                            8,295                  (7,488)
    Accounts payable                               87,634                  84,965
    Accrued expenses                              116,477                       -
                                          ----------------------------------------
Net Cash Used In Operating Activities            (579,420)                (83,644)

Cash Flows From Investing Activities:
  Cash for acquisition of Charles Hill
    Drilling, Inc., net of cash acquired                -                (349,989)
  Investment in oil and gas properties         (1,323,976)                      -
  Purchase of property and equipment             (390,180)               (385,800)
                                          ----------------------------------------
  Net Cash Used In Investing Activities        (1,714,156)               (735,789)

Cash Flows From Financing Activities:
  Repayment of note payable,
    related party                                (100,000)               (499,000)
  Proceeds from issuance of note
    payable, related party                              -                 170,000
  Proceeds from issuance of note payable          210,000                       -
  Repayment of note payable                      (210,000)                      -
  Stock subscription receivable                         -                  (1,250)
  Proceeds from sale of common stock            2,560,879               1,438,250
  Proceeds from sale of founders'
    common stock                                        -                  13,750
                                          ----------------------------------------
Net Cash Provided By Financing
  Activities                                    2,460,879               1,121,750
                                          ----------------------------------------

Net Increase in Cash                              167,303                 302,317
Cash at Beginning of Period                        15,544                       -
Cash at End of Period                     $       182,847     $           302,317
                                          ========================================

</TABLE>







            The accompanying notes are an integral part of the
                    consolidated financial statements.



                                  4
<PAGE>

                 Knight Energy Corp. and Subsidiaries
           Consolidated Statements of Cash Flows (Continued)

<TABLE>
<CAPTION>

                                            (Unaudited)             (Audited)
                                                               From Inception Date
                                          Six Months Ended      of March 2, 2006
                                             June 30,               to June 30
                                               2007                     2006
                                          ----------------------------------------
<S>                                       <C>                  <C>

Supplemental Disclosure of Cash Flow
------------------------------------
Information:
-----------
  Cash paid during the period for:
    Interest                              $         21,047     $                -
                                          ========================================
    Taxes                                 $              -     $                -
                                          ========================================


Supplemental Disclosure of Non-Cash
-----------------------------------
Investing and Financing Transactions:
-------------------------------------
  Acquisition of Charles Hill
    Drilling, Inc.:
  Net assets acquired from acquisition,
    net of cash acquired                                -               1,767,000
  Common stock issued for acquisition                   -                 750,000
  Note payable issued for acquisition                   -                 667,000
  Note payable assumed from
    recapitalization                                    -                  10,000
  Prepayment of note payable in
    property and equipment                              -                  18,000
  Subscription receivable                               -                   1,250
  Capitalized asset retirement
    obligation                                     54,413                       -

</TABLE>























            The accompanying notes are an integral part of the
                    consolidated financial statements.



                                  5
<PAGE>

                 Knight Energy Corp. and Subsidiaries
              Notes to Consolidated Financial Statements
                            June 30, 2007
                             (Unaudited)


1.  BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in
accordance with accounting principles generally accepted in the United
States of America for interim financial information and with the
instructions to Form 10-QSB of Regulation S-B.  They do not include
all information and footnotes required by accounting principles
generally accepted in the United States of America for complete
financial statements.  However, except as disclosed herein, there has
been no material change in the information disclosed in the notes to
the consolidated financial statements for the period from Inception
Date of March 2, 2006 to December 31, 2006 included in the Company's
Amendment No. 2 to Form 10-SB filed with the Securities and Exchange
Commission on July 13, 2007 (the "Form 10-SB").  The interim
consolidated unaudited financial statements should be read in
conjunction with those consolidated financial statements included in
the Form 10-SB.  In the opinion of Management, all adjustments
considered necessary for a fair presentation, consisting solely of
normal recurring adjustments, have been made.  Operating results for
the three months and six months ended June 30, 2007 are not
necessarily indicative of the results that may be expected for the
year ending December 31, 2007.

2.  HISTORY AND NATURE OF BUSINESS

Knight Energy Corp. ("Knight", "we", "us", "our", or the "Company") is
a Maryland company formed in March 2006.  The Company's business plan
is to acquire, develop, own, operate and otherwise be involved and
invest in energy-related businesses, assets and investments,
including, without limitation, the acquisition, exploration and
development of natural gas and crude oil, the acquisition and
operation of drilling rigs and/or gathering systems and/or pipelines
for natural gas and/or crude oil, and the acquisition of other related
businesses, assets and investments.

Commencing March 16, 2006 and finalized on May 31, 2006, Knight
acquired a 100% interest in Charles Hill Drilling, Inc. ("Hill"), an
independent oil and gas services company that owns an executed lease
agreement among other assets in Stephens County, Texas.  The lease
agreement contains approximately 160 acres that include proved,
developed non-producing natural gas wells.   Hill Drilling is now a
wholly-owned subsidiary of Knight, and is operating as an oil and gas
services company.

In June 2006, the Company executed a stock exchange agreement with
Integrated Technology Group, Inc. (ITGI), which, upon closing,
resulted in the former stockholders of Knight owning approximately 84
percent of the issued and outstanding common stock of ITGI. In connection
with the closing of this transaction, ITGI changed its name to
"Knight Energy Corp".  The transaction was treated as a recapitalization
of the Company.

3.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Going Concern
-------------

The accompanying consolidated financial statements have been prepared
assuming that the Company will continue as a going concern. The
ability of the Company to continue as a going concern is dependent on
the successful implementation of its business plan which includes
obtaining additional capital, and generating sufficient revenues and
cash flows. The consolidated financial statements do not include any
adjustments that might be necessary if the Company is unable to
continue as a going concern. The time required for the Company to
become profitable is highly uncertain, and we cannot be assured that
it will achieve or sustain profitability or generate sufficient cash
flow from operations to meet planned capital expenditures and working
capital needs. The ability to obtain additional financing from other
sources depends on many factors beyond the control of the Company,
including the state of the capital markets and the prospects for
business growth. The necessary additional financing may not be
available or may be available only on terms that would result in


                                  6
<PAGE>

                 Knight Energy Corp. and Subsidiaries
              Notes to Consolidated Financial Statements
                            June 30, 2007
                             (Unaudited)

further dilution to the current owners of the Company's common stock.
The consolidated financial statements do not include any adjustments
to reflect the possible effects on recoverability and classification
of assets or the amounts and classification of liabilities which may
result from the inability of the Company to continue as a going
concern.

Impact of Recently Issued Accounting Standards
----------------------------------------------

In 2006, the FASB issued Interpretation No. 48 (FIN 48), "Accounting
for Uncertainty in Income Taxes - an Interpretation of FASB Statement
No. 109 Accounting for Income Taxes." FIN 48 clarifies the accounting
for uncertainty in income taxes recognized in an enterprise's
financial statements in accordance with SFAS 109. FIN 48 also
prescribes a recognition threshold and measurement attribute for the
financial statement recognition and measurement of a tax position
taken or expected to be taken in a tax return. FIN 48 provides
guidance on de-recognition, classification, interest and penalties,
accounting in interim periods, disclosure and transition. The Company
adopted FIN 48 as of January 1, 2007, as required.

The current Company policy classifies any interest recognized on an
underpayment of income taxes as interest expense, and classifies any
statutory penalties recognized on a tax position as selling,
general and administrative expense. There was no interest or selling,
general and administrative expenses accrued or recognized related to
income taxes for the three months and six months ended June 30, 2007.
The Company has not taken a tax position that would have a material
effect on the financial statements or the effective tax rate for the
three months and six months ended June 30, 2007 or during the prior
three years applicable under FIN 48. It is determined not to be
reasonably possible for the amounts of unrecognized tax benefits to
significantly increase or decrease within 12 months of the adoption of
FIN 48. The Company is currently subject to a three year statute of
limitations by major tax jurisdictions.

Net Income (Loss) per Common Share
----------------------------------

Basic earnings per share are computed only on the weighted average
number of common shares outstanding during the respective periods.

There were 5,000,000 outstanding warrants that could potentially
dilute earnings per share in the future, but were not included in the
computation of diluted earnings per share for the periods presented
because their impact was anti-dilutive for the periods presented.

4.  NOTES PAYABLE

Significant current period changes in notes payable during the six
months ended June 30, 2007 consisted of the following:

In March 2007, a third party loaned the Company $60,000 for working
capital purposes.  The loan has an annual interest rate of ten percent
(10%) and was to be repaid from the sale of common stock.   In June
2007, the Company repaid this $60,000 loan to a third party.  The
payment was $66,000 representing the $60,000 principal and a $6,000
charge for interest and fees.

In March 2007, a third party loaned our wholly-owned subsidiary Hill
$150,000 for working capital purposes.  The loan was repaid within 45
days from the sale of common stock and includes a $15,000 charge
representing interest and fees for the loan.   In May 2007, our wholly-
owned subsidiary Hill repaid this $150,000 loan to a third party.  The
payment was $165,000 representing the $150,000 principal and a $15,000
charge for interest and fees.


                                  7
<PAGE>

                 Knight Energy Corp. and Subsidiaries
              Notes to Consolidated Financial Statements
                            June 30, 2007
                             (Unaudited)

5.  NOTE PAYABLE, RELATED PARTY

Significant current period changes in notes payable during the six
months ended June 30, 2007 consisted of the following:

The Company repaid a $100,000 loan to a related party in the quarter
ended June 30, 2007.

6.  STOCKHOLDERS' EQUITY

On April 12, 2007, 15,950,000 stockholders (constituting a majority
of the outstanding common stock) signed written resolutions approving
(i) an amendment to our Articles of Incorporation increasing the
authorized capital to a total of 550,000,000 shares of stock,
consisting of 50,000,000 shares of A preferred stock, $0.0001 par
value per share, and 500,000,000 shares of common stock, $0.0001 par
value per share; (ii) the reorganization of the Corporation by
merging the Nevada Corporation with and into Knight Energy Corp,
a Maryland corporation and newly formed wholly-owned subsidiary of
the Corporation ("Knight Maryland"). In accordance with FAS 128,
all share and per share amounts have been retroactively adjusted
to the beginning of the period to reflect the amendment to
our Articles of Incorporation.


Capital Structure
-----------------

The Company is authorized to issue up to 500,000,000 shares of our
common stock, $0.0001 par value per share, of which 25,497,855 were
issued and outstanding at June 30, 2007.  The holders of the common
stock do not have any preemptive right to subscribe for, or purchase,
any shares of any class of stock.  Additionally, the Company has
2,660,980 shares that are issuable as of June 30, 2007.  Including
issuable shares, the Company has 28,158,835 shares outstanding and
issuable as of June 30, 2007 - See Subsequent Events.

The Company is also authorized to issue 50,000,000 shares of our
Series A preferred stock, of which zero are issued and outstanding as
of June 30, 2007.

Significant current period changes in stockholders' equity during the
six months ended June 30, 2007 consisted of the following:

Common Stock Issuable
---------------------

In March 2006, the Company commenced a private placement offering of
the Company's common stock and the offering was completed in April
2007.  For the six months ended June 30, 2007, the Company sold
1,499,800 shares of common stock at $0.50 per share and raised
$699,900 in net proceeds.  In total for the offering, the Company sold
7,735,350 shares of common stock at $0.50 per share and raised
approximately $3,866,345 in net proceeds from this placement.  These
sales were completed in reliance on exemptions from registration under
Section 4(2) of the Act and Rule 506 of Regulation D promulgated under
the Act.

In March 2007, the Company agreed to issue 40,000 shares of restricted common
stock to an employee for an employment bonus.  The Company has valued
these shares at $0.50 per share, which represents the offering price of
common stock in a private placement offering occurring at the time of this
issuance. Accordingly, the Company has recorded $20,000 of general and
administrative expense in the consolidated financial statements.   These
shares were issued in April 2007 in reliance on exemptions from registration
under Section 4(2) of the Act and Rule 506 of Regulation D promulgated
under the Act.

In May 2007, the Company commenced a second private placement offering
of the Company's common stock.  For the six months ended June 30,
2007, the Company sold 1,860,980 shares of common stock at $1.00 per
share and raised $1,860,980 in net proceeds.  These sales were
completed in reliance on exemptions from registration under Section
4(2) of the Act and Rule 506 of Regulation D promulgated under the Act
(see Subsequent Events).

As a result of the above transactions, the Company has 2,660,980
shares of common stock recorded as common stock issuable as of June
30, 2007.


                                  8
<PAGE>

                 Knight Energy Corp. and Subsidiaries
              Notes to Consolidated Financial Statements
                            June 30, 2007
                             (Unaudited)

7.  RELATED PARTY TRANSACTIONS

Prepaid consulting - related party at June 30, 2007 consisted of the
following:

Prepaid consulting from Nortia Capital Partners, Inc. $ 61,906.

Effective March 1, 2007, the Company commenced a consulting contract
with Nortia Capital Partners, Inc. ("Nortia"), a related company. The
consulting contract specifies Nortia to provide financial consulting
services to the Company for a consulting fee of $20,000 monthly and
during the six months ended June 30, 2007, Nortia invoiced the Company
$80,000 for consulting services. Additionally, the Company has prepaid
Nortia $61,906 of consulting and classified this as a prepaid
consulting - related party at June 30, 2007. The Company anticipates
that the prepaid balance with Nortia will be reduced to zero on or
before December 31, 2007.  The Company's chief executive officer and
chief financial officer are officers and directors of Nortia.

8.  SUBSEQUENT EVENTS

In July 2007, a third party loaned the Company $125,000 which is due
and payable in 30 days with a 10% fee or a $137,500 total payback.

In July 2007, the Company's Chief Financial Officer and a director
loaned the Company $50,000 which is due in 30 days with a 10% fee or a
$55,000 total payback.

From July 1, through August 5, the Company sold 74,000 shares of common
stock at $1.00 per share and raised approximately $73,957 in net
proceeds.





























                                  9
<PAGE>


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

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

The following is a discussion of our financial condition, results of
operations, liquidity and capital resources. This discussion should be
read in conjunction with our unaudited financial statements and the
notes thereto included elsewhere in this Form 10-QSB and with our
report on Form 10-SB filed with the SEC.

Some of the statements under "Description of Business," "Risk
Factors," "Management's Discussion and Analysis or Plan of Operation,"
and elsewhere in this Report and in our periodic filings with the
Securities and Exchange Commission constitute forward-looking
statements.  These statements involve known and unknown risks,
significant uncertainties and other factors that may cause actual
results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by such forward-
looking statements.  Such factors include, among other things, those
listed under "Risk Factors" and elsewhere in this Report.

In some cases, you can identify forward-looking statements by
terminology such as "may," "will," "should," "could," "intends,"
"expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "potential" or "continue" or the negative of such terms or
other comparable terminology.

The forward-looking statements herein are based on current
expectations that involve a number of risks and uncertainties.  Such
forward-looking statements are based on assumptions that we will
obtain or have access to adequate financing for each successive phase
of our growth, that there will be no material adverse competitive or
technological change in condition of our business, that our Chief
Executive Officer, Chief Financial Officer and other significant
employees will remain employed as such by us, and that there
will be no material adverse change in the Company's operations,
business or governmental regulation affecting us.  The foregoing
assumptions are based on judgments with respect to, among other
things, further economic, competitive and market conditions, and
future business decisions, all of which are difficult or impossible to
predict accurately and many of which are beyond our control.

Although our management believes that the expectations reflected in
the forward-looking statements are reasonable, management cannot
guarantee future results, levels of activity, performance or
achievements.  Moreover, neither management nor any other persons
assumes responsibility for the accuracy and completeness of such
statements.

GENERAL

Knight Energy Corp. ("Knight", "we", "us", "our", or the "Company") is
a Maryland company formed in March 2006.  Our business plan is to
acquire, develop, own, operate and otherwise be involved and invest in
energy-related businesses, assets and investments, including, without
limitation, the acquisition, exploration and development of natural
gas and crude oil, the acquisition and operation of drilling rigs
and/or gathering systems and/or pipelines for natural gas and/or crude
oil, and the acquisition of other related businesses, assets and investments.

We are a reporting company pursuant to Section 12 (g) of the
Securities Exchange Act of 1934, as amended, and our shares of common
stock are publicly traded on the Pink Sheets under the symbol "KNEC".


                                  10
<PAGE>

RECENT DEVELOPMENTS

In July 2007, a third party loaned the Company $125,000 which is due
and payable in 30 days with a 10% fee or a $137,500 total payback.

In July 2007, the Company's Chief Financial Officer and a director
loaned the Company $50,000 which is due in 30 days with a 10% fee or a
$55,000 total payback.

From July 1, through August 5, the Company sold 74,000 shares of common
stock at $1.00 per share and raised approximately $73,957 in net
proceeds.




































                                  11
<PAGE>


RESULTS OF OPERATIONS

Three and six months ended June 30, 2007 compared to the three months
ended June 30, 2006 and the period from March 2, 2006 (Inception Date)
to June 30, 2006

<TABLE>
<CAPTION>

                                                                                 (Audited)
                                 (Unaudited)                (Unaudited)     From Inception Date
                               Three Months Ended        Six Months Ended     of March 2, 2006
                                    June 30                   June 30,          to June 30,
                               2007          2006               2007                2006
                             ------------------------------------------------------------------
<S>                          <C>           <C>             <C>                  <C>
Revenues, net                $   445,128   $       926     $    504,481         $        926

Operating expenses:
Lease operating costs            105,358             -          116,010                    -
Repairs and maintenance           90,543        29,456          110,702               32,545
General and administrative       481,387        17,519          625,444               21,243
Rent                               2,268         1,301            3,752                2,808
Consulting                        86,547        83,554          122,797              711,669
Professional                     104,037        34,356          155,359               34,356
Depreciation, depletion,
  and accretion                  153,172         9,886          282,294                9,886
                             ------------------------------------------------------------------
Total operating expenses       1,023,312       176,072        1,416,358              812,507

Operating loss                  (578,184)     (175,146)        (911,877)            (811,581)

Interest income                      116             -              116                    -
Interest expense                 (18,712)       (7,373)         (21,046)              (7,373)
                             ------------------------------------------------------------------

Net loss                     $  (596,780)  $  (182,519)    $   (932,807)        $   (818,954)
                             ==================================================================
</TABLE>
















                                  12
<PAGE>



Three Months Ended June 30, 2007 Compared To the Three Months Ended
June 30, 2006
-------------------------------------------------------------------

Revenues:
--------

Revenues increased $444,202, or 47,970%, to $445,128 for the three
months ended June 30, 2007, from $926 for the three months ended June
30, 2006.    Revenues for the three months ended June 30, 2007
comprised of $199,817 of natural gas sales less $37,658 of gas
royalties and $342,344 of oil sales less $59,375 of oil royalties.
Revenues for the three months ended June 30, 2006 comprised of $926 of
natural gas sales less $0 of gas royalties.

Operating Expenses:
------------------

Operating expenses increased $847,240 or 481%, to $1,023,312 for the
three months ended June 30, 2007 from $176,072 for the three months
ended June 30, 2006. The increase was primarily the result of $463,868
of increased general and administrative expense, $143,286 of increased
depreciation, depletion, and accretion expense, $105,358 of lease
operating expenses, $69,681 of increased professional fees, and $61,087
of increased repair and maintenance expense.

Other Expense:
-------------

Interest expense increased $11,339 or 154%, to $18,712 for the three
months ended June 30, 2007 from $7,373 for the three months ended June
30, 2006. The increase was primarily the result of increased
borrowings for the three months ended June 30, 2007 versus the three
months ended June 30, 2006.

Six Months Ended June 30, 2007 Compared To the Period from March 2,
2006 (Inception Date) to June 30, 2006
-------------------------------------------------------------------

Revenues:
--------

Revenues increased $503,555 to $504,481 for the six months
ended June 30, 2007, from $926 for the period from March 2,
2006 (Inception Date) to June 30, 2006.    Revenues for the three
months ended June 30, 2007 comprised of $263,851 of natural gas sales
less $49,664 of gas royalties and $351,796 of oil sales less $61,502
of oil royalties.   Revenues for the period from March 2, 2006
(Inception Date) to June 30, 2006 comprised of $926 of natural gas
sales less $0 of gas royalties.

Operating Expenses:
------------------

Operating expenses increased $603,851 or 74%, to $1,416,358 for the
three months ended June 30, 2007 from $812,507 for the period from
March 2, 2006 (Inception Date) to June 30, 2006. The increase was
primarily the result of $604,201 of increased general and
administration expense, $272,408 of increased depreciation, depletion,
and accretion expense, $121,003 of increased professional expense,
$116,010 of lease operating expenses, $78,157 of increased repair and
maintenance expense, offset by a decrease of $588,872 of consulting
expense.

Other Expense:
-------------

Interest expense increased $13,673 or 185%, to $21,046 for the six
months ended June 30, 2007 from $7,373 for the period from March 2,
2006 (Inception Date) to June 30, 2006. The increase was primarily the


                                  13
<PAGE>


result of increased borrowings for the six months ended June 30, 2007
versus the period from March 2, 2006 (Inception Date) to June 30,
2006.

Liquidity and Capital Resources

Cash and cash equivalents were $182,847 at June 30, 2007 as compared
to $15,544 at December 31, 2006.

Although we believe that our oil and gas operations and the sale of
our common stock or issuance of indebtedness will be sufficient for
our capital requirements, we cannot provide assurance that this will
occur.  The consolidated financial statements do not include any
adjustments to reflect the possible effects on recoverability and
classification of assets or the amounts and classification of
liabilities, which may result from our inability to continue as a
going concern.

Operating Activities:  Net cash used in operating activities was
$579,420 for the six months ended June 30, 2007, primarily from the
net loss for the period, which was partially offset by an increase
in accounts payable of $87,634, and an increase in accrued expenses
of $116,477.

Investing Activities:  Net cash used in investing activities was
$1,714,156 for the six months ended June 30, 2007 consisting of
$1,323,976 of investment in oil in gas properties and $390,180 of
purchase of property and equipment.

Financing Activities:  Net cash provided by financing activities was
$2,460,879 for the six months ended June 30, 2007 consisting of
$2,560,879 of proceeds from the sale of common stock, partially offset
with $100,000 repayment of note payable - related party.

Notes payable

Significant current period changes in notes payable during the six
months ended June 30, 2007 consisted of the following:

In March 2007, a third party loaned the Company $60,000 for working
capital purposes.  The loan has an annual interest rate of ten percent
(10%) and was repaid in the quarter ended June 30, 2007.

In March 2007, a third party loaned our wholly-owned subsidiary Hill
$150,000 for working capital purposes.  The loan was repaid within 45
days and includes a $15,000 charge representing interest and fees for
the loan.

Notes payable, Related Party

Significant current period changes in notes payable, related party
during the six months ended June 30, 2007 consisted of the following:

In May and June 2007, the Company repaid a $100,000 loan to a related
party.

Liquidity

To continue with our business plan, we will require additional working
capital and we have not previously generated sufficient cash from our
oil and gas operations to fund our operating activities for the next
twelve months.


                                  14
<PAGE>


Our ability to continue as a going concern is dependent on the ability
to further implement our oil and gas business plan, obtain additional
capital, and generate sufficient revenues and cash flows.  The
consolidated financial statements do not include any adjustments that
might be necessary if we are unable to continue as a going concern. If
required, the ability to obtain additional financing from other
sources also depends on many factors beyond our control, including the
state of the capital markets and the prospects for business growth.
The necessary additional financing may not be available or may be
available only on terms that would result in further dilution to the
current owners of our common stock.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements.

2007 OUTLOOK

Our ability to have a successful oil and gas company is heavily
dependent on securing additional capital to cover our operational
expenses until our oil and gas revenues and cash flows are
sufficient to cover these operating expenses.  As a result, we are
searching for an alternative means of securing additional capital,
which may include the sale of additional shares of our common stock
or the issuance of additional debt securities.  Additionally, we
require additional funds for working capital and for growth
opportunities. There is no assurance that additional equity or debt
financing will be available on terms acceptable to our management
or that the additional financing will be available when we require
the funds.

If we are unable to obtain additional capital or successfully
implement our business strategy, this will have a significant
impact on our ability to continue as a going concern.

Item 3. Controls and Procedures.


As of the end of the period covered by this report, the Company
conducted an evaluation under the supervision and with the participation
of the principal executive officer and principal financial officer,
of the Company's disclosure controls and procedures (as defined in
Rules 13a-15 (e) and 15d-15 (e) under the Securities Exchange Act of
1934 (the "Exchange Act"). Based o this evaluation, the principal
executive officer and principal financial officer concluded that the
Company's disclosure controls and procedures are effective to ensure
that information required to be disclosed by the Company in reports
that it files or submits under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in Securities
and Exchange Commission rules and forms. There was no change in the
Company's internal controls over financial reporting during the
Company's most recently completed fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the Company's
internal control over financial reporting.



                     PART II - OTHER INFORMATION


Item 1. Unregistered Sales of Equity Securities and Use of Proceeds

In March 2006, the Company commenced a private placement offering of
the Company's common stock and the offering was completed in April
2007.  During the six months ended June 30, 2007, the Company sold
1,499,800 shares of common stock at $0.50 per share and raised
$699,900 in net proceeds.  Including period prior to January 1,
2007, in  total for the offering, the Company sold 7,735,350
shares of common stock at $0.50 per share and raised approximately
$3,866,345 in net proceeds from this placement.  These sales were
completed in reliance on exemptions from registration under
Section 4(2) of the Act and Rule 506 of Regulation D promulgated
under the Act. These sales qualified for exemption from registration
because (i) the securities were purchased by accredited investors
only; (ii) the Company did not engage in any general solicitation
or advertising to market the securities; (iii) each purchaser was
provided the opportunity to ask questions and receive answers from
the Company regarding the offering; and (iv) the purchasers received
"restricted securities."



                                  15
<PAGE>


In March 2007, the Company agreed to issue 40,000 shares of restricted
Common stock to an employee for an employment bonus.  The Company has
valued these shares at $0.50 per share, which represents the offering
price of common stock in a private placement offering occurring at the
time of this issuance.  Accordingly, the Company has recorded $20,000
of general and administrative expense in the consolidated financial
statements. These shares were issued in April 2007 in reliance on
exemptions from registration under Section 4 (2) of the Act and
Rule 506 of Regulation D promulgated under the Act. This issuance
qualified for exemption from registration because (i) the securities
were issued to accredited investors; (ii) the Company did not engage
in any general solicitation or advertising to market the securities;
(iii) the purchaser was provided the opportunity to ask questions and
receive answers from the Company regarding the offering; and (iv) the
purchaser received "restricted securities."

In May 2007, the Company commenced a second private placement offering
of the Company's common stock.  For the six months ended June 30,
2007, the Company sold 1,860,980 shares of common stock at $1.00 per
share and raised $1,860,980 in net proceeds.  As a result of the above
transactions, the Company has 2,660,980 shares of common stock recorded
as common stock issuable as of June 30, 2007. These sales were
completed in reliance on exemptions from registration under Section
4(2) of the Act and Rule 506 of Regulation D promulgated under the Act
(see Subsequent Events). These sales qualified for exemption from
registration because (i) the securities were purchased by accredited
investors only; (ii) the Company did not engage in any general solicitation
or advertising to market the securities; (iii) each purchaser was
provided the opportunity to ask questions and receive answers from
the Company regarding the offering; and (iv) the purchasers received
"restricted securities."


Item 2. Submission of Matters to a Vote of Security Holders

On April 12, 2007, 15,950,000 stockholders (constituting a majority
Of the outstanding common stock) signed written resolutions approving
(i) an amendment to our Articles of Incorporation increasing the
authorized capital to a total of 550,000,000 shares of stock, consisting
of 50,000,000 shares of A preferred stock, $0.0001 par value per share,
and 500,000,000 shares of common stock, $0.0001 par value per share;
(ii) the reorganization of the Corporation by merging the Nevada
Corporation with and into Knight Energy Corp, a Maryland corporation
and newly formed wholly-owned subsidiary of the Corporation ("Knight
Maryland")




                                  16
<PAGE>


Item 3. Exhibits


(a)	Exhibits


31.1   Certification by Principal Executive Officer pursuant to
       Section 302 of the Sarbanes-Oxley Act of 2002.

31.2   Certification of Principal Financial Officer pursuant to
       Section 302 Of the Sarbanes-Oxley Act of 2002.

32     Certifications of Principal Executive and Financial Officer
       pursuant to 18 U.S.C. Section 1350 as adopted pursuant to
       Section 906 of the Sarbanes-Oxley Act of 2002.






























                                  17
<PAGE>

                               SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant
Caused this report to be signed on its behalf by the undersigned, thereto
duly authorized.


                                Knight Energy Corp.



August 13, 2007			/s/ William J. Bosso
                                --------------------------
                                William J. Bosso
                                Principal Executive Officer



August 13, 2007			/s/ Bruce A. Hall
                                --------------------------
                                Bruce A. Hall
                                Principal Financial Officer













                                  18
<PAGE>