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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

FORM 10-Q

(Mark One)

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

For the quarter ended March 31, 2011

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 Number 000-30095

WESCORP ENERGY INC.(Exact
name of registrant as specified in its charter)

|Delaware                       | 98-0447716         
|------------------------------ | -------------------
|State or other jurisdiction of | (I.R.S. Employer   
|incorporation or organization  | Identification No.)

Suite 400, 435  4th Avenue South West, Calgary, Alberta
T2P 3A8(Address of principal executive offices) (Zip Code)

(403) 206 - 3990(Registrants telephone
number, including area code)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during
the preceding 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 has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).
Yes [ ] 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. See the definitions of large accelerated filer,
accelerated filer and smaller reporting company in Rule 12b-2 of the
Exchange Act.

|Large accelerated filer ____                                                 | Accelerated filer
      ____
|---------------------------------------------------------------------------- | ----------------------------
|Non-accelerated filer____(Do not check if a smaller
      reporting company) | Smaller reporting company X 

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

Number of shares outstanding of the registrants class of common
stock as of May 19, 2011 was 127,362,558.

1

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

THIS QUARTERLY REPORT ON FORM 10-Q CONTAINS PREDICTIONS,
PROJECTIONS AND OTHER STATEMENTS ABOUT THE FUTURE THAT ARE INTENDED TO BE
FORWARD- LOOKING STATEMENTS (COLLECTIVELY, FORWARD-LOOKING STATEMENTS).
FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES. A NUMBER OF
IMPORTANT FACTORS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN
THE FORWARD- LOOKING STATEMENTS. IN ASSESSING FORWARD-LOOKING STATEMENTS
CONTAINED IN THIS QUARTERLY REPORT ON FORM 10-Q, READERS ARE URGED TO READ
CAREFULLY ALL CAUTIONARY STATEMENTS  INCLUDING THOSE CONTAINED IN OTHER
SECTIONS OF THIS QUARTERLY REPORT AND OF OUR ANNUAL REPORT ON FORM 10-K FOR
2010. AMONG THOSE RISKS AND UNCERTAINTIES ARE THE FOLLOWING RISKS:

- there may not be adequate capital to fund our business;
- our water remediation technologies may not receive sufficient market
  demand or be commercially successful;
- our water remediation technology may be replaced in the market by a more
  technically advanced process;
- we may not be able to adequately protect our intellectual property, which
  may affect the realizable value of our investment;
- sales of Raider Chemical product, and the resulting revenues, have ceased;
- our primary customers are in energy-related industries, which tend to be
  cyclical and therefore any downturns in these cyclical industries could
  adversely affect our operations;
- the energy-related industry that we service is heavily regulated
  (including CO2related issues), and the costs associated with such
  regulated industries increase the costs of doing business;
- management may not be able to integrate any technologies acquired;
- management may not be able to carry out its business plan and to manage
  its growth effectively and efficiently;
- management may not be able to effectively deal with current and future
  competitive forces in the market;
- we may not be able to manage any foreign exchange risk adequately;
- we could face significant liabilities in connection with our technology
  and operations, which if incurred beyond any insurance limits, could adversely
  affect our business and financial condition;
- the current American and world financial markets and credit situation may
  make it difficult or impossible to adequately finance the ongoing capital and
  operating requirements for the Company;
- our need for additional capital may harm our financial condition or limit
  our ability to fund acquisitions; and
- if acquisitions are completed, they may be unsuccessful for technical,
  economic or other reasons.

Any of the factors listed above and other factors contained in
this Quarterly Report could cause our actual results to differ materially from
the results implied by these or any other forward-looking statements made by us
or on our behalf. We cannot assure you that our future results will meet our
expectations. Additional statements concerning important factors that could
cause actual results to differ materially from our expectations are disclosed in
the Risk Factors section and elsewhere in our 2011 Annual Report on Form 10-K.
In addition, the words believe, may, will, when, estimate, continue,
anticipate, intend, expect and similar expressions, as they relate to the
Company, our business or our management, are intended to identify
forward-looking statements. All written and oral forward-looking statements
attributable to us or persons acting on our behalf subsequent to the date of
this Quarterly Report are expressly qualified in their entirety by all risks and
uncertainties disclosed in our filings with the Securities and Exchange
Commission (the SEC), all of which are accessible on the SECs website at
http://www.sec.gov.

Our forward-looking statements speak only as of the date
made.

CURRENCIES

All amounts expressed herein are in U.S. dollars unless
otherwise indicated.

2

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Wescorp Energy Inc.

REPORT ON FORM 10-Q

FOR THE PERIOD ENDED MARCH 31, 2011

Table of Contents

|PART I - FINANCIAL
      INFORMATION |           
|------------------------------------ | ----------
|                                     | Item 1.   
|                                     |           
|                                     |           
|                                     |           
|                                     |           
|                                     | Item 2.   
|                                     | Item 4.   
|PART II. OTHER
      INFORMATION     | 16        
|                                     | Item 6.   
|                                     | SIGNATURES

3

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PART I - FINANCIAL INFORMATION

|ITEM 1. | FINANCIAL STATEMENTS
|------- | --------------------



|WESCORP ENERGY INC.          
|-----------------------------
|CONSOLIDATED BALANCE SHEETS  
|(A Development Stage Company)

|                                                                                                                                                                                                                                    |   | March 31,   |   |   |              |  
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - | ----------- | - | - | ------------ | -
|                                                                                                                                                                                                                                    |   | 2011        |   |   | December 31, |  
|                                                                                                                                                                                                                                    |   | (Unaudited) |   |   | 2010         |  
|ASSETS                                                                                                                                                                                                                              |   |             |   |   |              |  
|CURRENT ASSETS                                                                                                                                                                                                                      |   |             |   |   |              |  
|Cash                                                                                                                                                                                                                                | $ | 18,497      |   | $ | 430,549      |  
|Accounts
      receivable, net of allowance for doubtful 
                               
      accounts of $136,717 and $131,581, respectively                                                                                     |   | 1,312       |   |   | 2,600        |  
|Prepaid expenses                                                                                                                                                                                                                    |   | 15,330      |   |   | 15,069       |  
|Current assets of discontinued operations                                                                                                                                                                                           |   | 29,646      |   |   | 30,157       |  
|TOTAL
      CURRENT ASSETS                                                                                                                                                                                                          |   | 64,785      |   |   | 478,375      |  
|                                                                                                                                                                                                                                    |   |             |   |   |              |  
|EQUIPMENT,
      net                                                                                                                                                                                                                |   | 6,508       |   |   | 6,846        |  
|TOTAL ASSETS                                                                                                                                                                                                                        | $ | 71,293      |   | $ | 485,221      |  
|                                                                                                                                                                                                                                    |   |             |   |   |              |  
|LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                                                                                                                               |   |             |   |   |              |  
|CURRENT LIABILITIES                                                                                                                                                                                                                 |   |             |   |   |              |  
|Accounts payable                                                                                                                                                                                                                    | $ | 785,170     |   | $ | 754,220      |  
|Accrued liabilities                                                                                                                                                                                                                 |   | 1,462,050   |   |   | 1,241,579    |  
|Notes payable                                                                                                                                                                                                                       |   | 2,506,121   |   |   | 2,490,428    |  
|Agreement payable                                                                                                                                                                                                                   |   | 4,268,758   |   |   | 4,081,867    |  
|Due to related parties                                                                                                                                                                                                              |   | 372,624     |   |   | 369,084      |  
|Current liabilities of discontinued operations                                                                                                                                                                                      |   | 747,238     |   |   | 745,116      |  
|TOTAL CURRENT LIABILITIES                                                                                                                                                                                                           |   | 10,141,961  |   |   | 9,682,294    |  
|                                                                                                                                                                                                                                    |   |             |   |   |              |  
|STOCKHOLDERS' DEFICIT                                                                                                                                                                                                               |   |             |   |   |              |  
|Preferred stock, 50,000,000 shares authorized, $0.0001 
                                       par
      value; no shares issued                                                                                                    |   |             |   |   |              |  
|Common stock, 250,000,000 shares authorized, $0.0001 
                                       par
      value; 122,362,588 and 120,498,559 shares 
                                       issued
      and outstanding, respectively |   | 12,237      |   |   | 12,052       |  
|Additional paid-in capital                                                                                                                                                                                                          |   | 48,348,377  |   |   | 48,132,686   |  
|Deferred compensation                                                                                                                                                                                                               |   | -           |   |   | (5,918       | )
|Obligation to issue shares                                                                                                                                                                                                          |   | 1,417,860   |   |   | 1,177,780    |  
|Accumulated other comprehensive income                                                                                                                                                                                              |   | 185,445     |   |   | 191,643      |  
|Accumulated deficit                                                                                                                                                                                                                 |   | (54,215,178 | ) |   | (54,215,178  | )
|Deficit accumulated in the development stage                                                                                                                                                                                        |   | (5,819,409  | ) |   | (4,490,138   | )
|TOTAL
      STOCKHOLDERS' DEFICIT                                                                                                                                                                                                   |   | (10,070,668 | ) |   | (9,197,073   | )
|                                                                                                                                                                                                                                    |   |             |   |   |              |  
|TOTAL
      LIABILITIES AND SHAREHOLDERS' DEFICIT                                                                                                                                                                                   | $ | 71,293      |   | $ | 485,221      |  

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

4

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|WESCORP ENERGY INC.                                               
|------------------------------------------------------------------
|CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
      LOSS
|(A Development Stage Company)                                     
|(Unaudited)                                                       

|                                                                             |   |                              |   |   |            |   |   | Cumulative      |  
|---------------------------------------------------------------------------- | - | ---------------------------- | - | - | ---------- | - | - | --------------- | -
|                                                                             |   |                              |   |   |            |   |   | Results From    |  
|                                                                             |   |                              |   |   |            |   |   | January 1, 2010 |  
|                                                                             |   | Three Months Ended March 31, |   |   | to         |  
|                                                                             |   | 2011                         |   |   | 2010       |   |   | March 31, 2010  |  
|                                                                             |   |                              |   |   |            |   |   |                 |  
|EXPENSES                                                                     |   |                              |   |   |            |   |   |                 |  
|Wages and benefits                                                           | $ | 339,760                      |   | $ | 171,101    |   |   | 993,425         |  
|Wages - stock
      based                                                    |   | -                            |   |   | -          |   |   | 924,000         |  
|Consulting                                                                   |   | 162,772                      |   |   | 49,052     |   |   | 778,580         |  
|Consulting
      - stock based                                               |   | -                            |   |   | -          |   |   | 163,800         |  
|Office                                                                       |   | 67,550                       |   |   | 71,281     |   |   | 374,724         |  
|Advertising
      and investor relations                                     |   | 81,260                       |   |   | 94,657     |   |   | 464,688         |  
|Advertising and investor
      relations - stock based                       |   | -                            |   |   | -          |   |   | 184,600         |  
|Travel                                                                       |   | 45,788                       |   |   | 52,990     |   |   | 239,473         |  
|Legal and accounting                                                         |   | 19,986                       |   |   | 64,426     |   |   | 315,222         |  
|Bad debts                                                                    |   | 4,492                        |   |   | -          |   |   | 124,729         |  
|Equipment repairs and maintenance                                            |   | 271,059                      |   |   | 22,918     |   |   | 375,736         |  
|Insurance                                                                    |   | 19,963                       |   |   | 26,788     |   |   | 110,474         |  
|Depreciation and amortization                                                |   | 338                          |   |   | 559        |   |   | 1,566           |  
|Interest,
      finance and bank charges                                     |   | 76,591                       |   |   | 72,968     |   |   | 459,132         |  
|Directors fees                                                               |   | 5,918                        |   |   | 10,243     |   |   | 37,193          |  
|Interest
      accreted on financial instruments                             |   | -                            |   |   | -          |   |   | 168,600         |  
|Beneficial conversion interest                                               |   | -                            |   |   | -          |   |   | 6,360           |  
|TOTAL OPERATING EXPENSES                                                     |   | 1,095,477                    |   |   | 636,983    |   |   | 5,722,302       |  
|                                                                             |   |                              |   |   |            |   |   |                 |  
|LOSS FROM OPERATIONS                                                         |   | (1,095,477                   | ) |   | (636,983   | ) |   | (5,722,302      | )
|                                                                             |   |                              |   |   |            |   |   |                 |  
|OTHER INCOME (EXPENSE)                                                       |   |                              |   |   |            |   |   |                 |  
|Penalty for late delivery
      of shares                                    |   | (198,891                     | ) |   | 130,906    |   |   | (3,094,389      | )
|Foreign currency
      loss                                                  |   | (19,743                      | ) |   | (21,709    | ) |   | (64,724         | )
|Loss on settlement of debt                                                   |   | (9,248                       | ) |   | -          |   |   | (45,271         | )
|Gain on disposal
      of subsidiaries                                       |   | -                            |   |   | -          |   |   | 86,984          |  
|Loss on impairment in value
      of investment                              |   | -                            |   |   | -          |   |   | (29,592         | )
|Gain on settlement
      of agreement payable (Note 13)                      |   | -                            |   |   | -          |   |   | 3,486,867       |  
|TOTAL OTHER INCOME (EXPENSE)                                                 |   | (227,882                     | ) |   | 109,197    |   |   | 339,875         |  
|                                                                             |   |                              |   |   |            |   |   |                 |  
|LOSS FROM CONTINUING OPERATIONS                                              |   | (1,323,359                   | ) |   | (527,786   | ) |   | (5,382,427      | )
|                                                                             |   |                              |   |   |            |   |   |                 |  
|INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax                       |   | (5,912                       | ) |   | 108,290    |   |   | (436,982        | )
|                                                                             |   |                              |   |   |            |   |   |                 |  
|NET LOSS                                                                     |   | (1,329,271                   | ) |   | (419,496   | ) |   | (5,819,409      | )
|                                                                             |   |                              |   |   |            |   |   |                 |  
|OTHER COMPREHENSIVE INCOME (LOSS)                                            |   |                              |   |   |            |   |   |                 |  
|Foreign currency
      translation loss                                      |   | (18,198                      | ) |   | (2,712     | ) |   | (30,979         | )
|Unrealized gain on financial
      instruments                               |   | 12,000                       |   |   | 48,000     |   |   | 132,000         |  
|                                                                             |   | (6,198                       | ) |   | 45,288     |   |   | 101,021         |  
|                                                                             |   |                              |   |   |            |   |   |                 |  
|COMPREHENSIVE LOSS                                                           | $ | (1,335,469                   | ) | $ | (374,208   | ) | $ | (5,718,388      | )
|                                                                             |   |                              |   |   |            |   |   |                 |  
|LOSS FROM CONTINUING OPERATIONS BASIC AND DILUTED
      NET LOSS PER SHARE   | $ | (0.01                        | ) | $ | (0.01      | ) |   |                 |  
|                                                                             |   |                              |   |   |            |   |   |                 |  
|LOSS FROM DISCONTINUED OPERATIONS BASIC AND
      DILUTED NET LOSS PER SHARE | $ | 0.00                         |   | $ | 0.00       |   |   |                 |  
|                                                                             |   |                              |   |   |            |   |   |                 |  
|WEIGHTED AVERAGE NUMBER COMMON SHARES OUTSTANDING
      - BASIC AND DILUTED  |   | 121,389,798                  |   |   | 97,265,286 |   |   |                 |  

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

5

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|WESCORP ENERGY INC.                  
|-------------------------------------
|CONSOLIDATED STATEMENTS OF CASH FLOWS
|(A Development Stage Company)        
|(Unaudited)                          

|                                                                                  |   |                              |   |   |          |   |   | Cumulative      |  
|--------------------------------------------------------------------------------- | - | ---------------------------- | - | - | -------- | - | - | --------------- | -
|                                                                                  |   |                              |   |   |          |   |   | Results From    |  
|                                                                                  |   |                              |   |   |          |   |   | January 1, 2010 |  
|                                                                                  |   | Three Months Ended March 31, |   |   | to       |  
|                                                                                  |   | 2011                         |   |   | 2010     |   |   | March 31, 2010  |  
|CASH FLOWS FROM OPERATING ACTIVITIES:                                             |   |                              |   |   |          |   |   |                 |  
|Net loss                                                                          | $ | (1,329,271                   | ) | $ | (419,496 | ) | $ | (5,819,409      | )
|Adjustments to reconcile net loss
      to net cash used in operating activities: |   |                              |   |   |          |   |   |                 |  
|Depreciation
      and amortization                                               |   | 338                          |   |   | 559      |   |   | 1,566           |  
|Stock-based
      compensation                                                    |   | -                            |   |   | -        |   |   | 1,272,400       |  
|Interest accreted
      on financial instruments                                  |   | -                            |   |   | -        |   |   | 168,600         |  
|Beneficial
      conversion interest                                              |   | -                            |   |   | -        |   |   | 6,360           |  
|Gain on settlement
      of agreement payable                                     |   | -                            |   |   | -        |   |   | (3,486,867      | )
|Gain
      on disposal of subsidiaries                                            |   | -                            |   |   | -        |   |   | (86,984         | )
|Loss on impairment
      in value of investment                                   |   | -                            |   |   | -        |   |   | 29,592          |  
|Fair
      value of common stock issued for services                              |   | -                            |   |   |          |   |   | 337,316         |  
|Loss (gain)
      on forgiveness of debt                                          |   | 9,248                        |   |   | -        |   |   | 45,271          |  
|Amortization
      of deferred share compensation                                 |   | 5,918                        |   |   | 9,543    |   |   | 33,543          |  
|Penalty for
      late delivery of shares                                         |   | 198,891                      |   |   | (130,906 | ) |   | 3,094,389       |  
|Loss
      (income) from discontinued operations                                  |   | 5,912                        |   |   | (108,290 | ) |   | 436,982         |  
|Changes in
      operating assets and liabilities:                                |   |                              |   |   |          |   |   |                 |  
|Accounts receivable                                                               |   | 1,288                        |   |   | (6,017   | ) |   | 104,532         |  
|Prepaid
      expenses                                                            |   | (261                         | ) |   | (3,618   | ) |   | (2,430          | )
|Accounts
      payable and accrued liabilities                                    |   | 458,240                      |   |   | 186,924  |   |   | 1,271,535       |  
|Net cash used
      in operating activities                                       |   | (649,697                     | ) |   | (471,301 | ) |   | (2,593,604      | )
|CASH FLOWS FROM INVESTING ACTIVITIES:                                             |   |                              |   |   |          |   |   |                 |  
|Purchase of
      equipment                                                       |   | -                            |   |   | -        |   |   | (6,846          | )
|Cash
      utililzed in disposition of subsidiaries                               |   | -                            |   |   | -        |   |   | (780            | )
|Net cash used
      in investing activities                                       |   | -                            |   |   | -        |   |   | (7,626          | )
|CASH FLOWS FROM FINANCING ACTIVITIES:                                             |   |                              |   |   |          |   |   |                 |  
|Payments on
      notes payable                                                   |   | (9,702                       | ) |   | -        |   |   | (78,670         | )
|Proceeds
      from notes payable                                                 |   | 25,395                       |   |   | 210,401  |   |   | 264,011         |  
|Proceeds from
      convertible debentures                                        |   | -                            |   |   | -        |   |   | 100,000         |  
|Repayments
      on debentures payable                                            |   | -                            |   |   | -        |   |   | (47,775         | )
|Increase in
      amounts due to related parties                                  |   | -                            |   |   | -        |   |   | 150,810         |  
|Proceeds
      from issuance of common stock                                      |   | -                            |   |   | -        |   |   | 1,126,658       |  
|Private placement
      issuance costs                                            |   | -                            |   |   | (7,823   | ) |   | (7,823          | )
|Proceeds
      received from private placement                                    |   | 240,080                      |   |   | -        |   |   | 598,552         |  
|Net cash provided
      by financing activities                                   |   | 255,773                      |   |   | 202,578  |   |   | 2,105,763       |  
|CASH FLOWS FROM (USED BY) DISCONTINUED OPERATIONS                                 |   | (8,764                       | ) |   | 255,011  |   |   | 425,901         |  
|Effect of exchange rates                                                          |   | (9,364                       | ) |   | (644     | ) |   | (30,223         | )
|Net increase (decrease) in cash                                                   |   | (412,052                     | ) |   | (14,356  | ) |   | (99,789         | )
|Cash, beginning of period                                                         |   | 430,549                      |   |   | 118,286  |   |   | 118,286         |  
|Cash, end of period                                                               | $ | 18,497                       |   | $ | 103,930  |   | $ | 18,497          |  
|SUPPLEMENTAL CASH FLOW DISCLOSURES:                                               |   |                              |   |   |          |   |   |                 |  
|Cash paid for:                                                                    |   |                              |   |   |          |   |   |                 |  
|Interest                                                                          | $ | 3,127                        |   | $ | 5,794    |   | $ | 92,592          |  
|Income taxes                                                                      | $ | -                            |   | $ | -        |   | $ | -               |  

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

6

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|WESCORP ENERGY INC.                       
|------------------------------------------
|NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|(Unaudited)                               
|March 31, 2011                            
|                                          

NOTE 1  BASIS OF PRESENTATION

These unaudited interim consolidated financial statements do
  not include all information and footnotes required by US GAAP for complete financial
  statement disclosure. However, except as disclosed herein, there have been no
  material changes in the information contained in the notes to the audited consolidated
  financial statements for the year ended December 31, 2010, included in the Companys
  Form 10-K, which was filed with the Securities and Exchange Commission. These
  unaudited interim consolidated financial statements should be read in conjunction
  with the audited financial statements included in the Form 10-K. In the opinion
  of management, all adjustments considered necessary for fair presentation and
  consisting solely of normal recurring adjustments have been made. Operating
  results for the three months ended March 31, 2011 are not necessarily indicative
  of the results that may be expected for the year ending December 31, 2011.

Recent Accounting Pronouncements

The Company has reviewed recently issued accounting pronouncements
  and plans to adopt those that are applicable to it. It does not expect the adoption
  of these pronouncements to have a material impact on its financial position,
  results of operations or cash flows.

NOTE 2  AGREEMENT PAYABLE

In connection with the acquisition of Flowstar, the Company concluded
  the acquisition of 100% of the outstanding shares of Vasjar Trading Ltd. (Vasjar),
  a British Virgin Islands company. The acquisition required the Company to issue
  2,400,000 free-trading common shares, and an additional minimum 2,080,000 common
  shares issued over three years (480,000 on or before April 1, 2005, 800,000
  on or before April 1, 2006, and 800,000 on or before April 1, 2007).

On April 1, 2007, the Company was not able to deliver 800,000
  free-trading shares required under the purchase agreement to acquire Vasjar,
  and thus the Company is obligated to issue the former Vasjar shareholders an
  additional 10% penalty common shares of the Company, compounded monthly, for
  each month that the free-trading common shares are not delivered resulting in
  a charge to operations for the fair value of these penalty common shares. The
  Company and the former Vasjar shareholders disagree as to whether the number
  of shares that can be issued is limited by another provision of the agreement.
  To date, no shares have been issued. The Company has been able to reach a mutually
  acceptable settlement with one of the former Vasjar shareholder on April 12,
  2011 (See Note 4); however, the Company was not yet been able to reach an agreement
  with the other former Vasjar shareholder.

The penalty common shares resulted in a charge to operations
  of $198,891 for the three months ended March 31, 2010 (2009 other income - $130,906).
  As at March 31, 2011, the Company has recorded an estimated aggregate of 38,806,894
  in common shares valued at $4,268,758 in relation to the penalty shares owing
  to the shareholder the Company has not reached a settlement with. The cumulative
  amount accrued for the obligation has been recorded based on the quoted market
  price at March 31, 2011 multiplied by the aggregate share amount.

There is a measurement uncertainty as to the actual value of
  this obligation as it is impacted by the market price of the common shares.
  Accordingly, the actual loss from the Vasjar purchase agreement is contingent
  upon future events which cannot be reasonably measured at this time.

7

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On April 12, 2011, the Company entered into a liability release
  agreement with one of the former Vasjar shareholders. Under the terms of the
  agreement, the Company agreed to issue 980,000 free trading common shares and
  4,020,000 restricted common shares to settle the claim made by the former Vasjar
  shareholder as described above in Note 5. In return the former Vasjar shareholder
  has released all claims against the Company. The estimated fair value of the
  shares to be issued under the agreement is $595,000 and is included in the balance
  of obligation to issue shares. The Company is to have all restrictions removed
  from the restricted shares within 14 months of this agreement. If such restrictions
  are not removed the Company is to pay a late penalty of $1,000 per day until
  such restrictions are removed up to a maximum of $20,000

.NOTE 3  DISCONTINUED OPERATIONS

During fiscal 2009, the Company determined to leave the electronic
  metering business. On January 5, 2010, the Company sold a substantial portion
  of its assets related to the electronic metering business. The Company had operated
  its electronic metering systems business through its subsidiary Flowstar.

The Company also discontinued operations in its subsidiary Raider,
  as a result the Company has left the drilling related products and services
  business.

The following table summarizes the operating results of the discontinued
  operations for the quarters ended March 31, 2011 and 2010 (unaudited):

|                                           |   | 2011   |   |   | 2010    | 
|------------------------------------------ | - | ------ | - | - | ------- | 
|Revenue                                    | $ | -      |   | $ | 542,793 | 
|Cost of sales                              |   | -      |   |   | 354,412 | 
|                                           |   | -      |   |   | 188,381 | 
|Expenses                                   |   | 5,912  |   |   | 80,091  | 
|Income (loss) from discontinued operations | $ | (5,912 | ) | $ | 108,290 | 

The following table sets forth the assets and liabilities of
  the discontinued operations.

|                                             |   | March 31,   |  |   |              | 
|-------------------------------------------- | - | ----------- |  | - | ------------ | 
|                                             |   | 2011        |  |   | December 31, | 
|                                             |   | (unaudited) |  |   | 2010         | 
|Accounts receivable                          | $ | 11,448      |  | $ | 11,448       | 
|Inventories                                  |   | 10,686      |  |   | 10,441       | 
|Prepaids                                     |   | 7,512       |  |   | 8,268        | 
|Total assets of discontinued operations      | $ | 29,646      |  | $ | 30,157       | 
|                                             |   |             |  |   |              | 
|Accounts payable and accrued liabilities     | $ | 688,449     |  | $ | 687,675      | 
|Current portion of notes payable             |   | 58,789      |  |   | 57,441       | 
|Total liabilities of discontinued operations | $ | 747,238     |  | $ | 745,116      | 

NOTE 4  SUBSEQUENT EVENT

On April 6, 2011, the Company entered into an agreement with
  Allied Holdings Group, Inc. (Allied) to pursue certification of
  the Company's H2Omaxx clean water technology for international maritime
  vessel operations. The Company will provide the H2Omaxx technology
  and technical support and Allied will focus on international and US certification
  for H2Omaxx as well as market development and funding. The joint
  venture, known as Wescorp Marine, Inc. will be a Delaware corporation owned
  65% by the Company and 35% by Allied. Wescorp Marine Inc. will have the exclusive
  rights to develop the H2Omaxx technology.

8

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|ITEM 2. | MANAGEMENTS DISCUSSION AND ANALYSIS OF
      FINANCIAL CONDITION OR PLAN OF**OPERATION**.
|------- | ------------------------------------------------------------------------------------------

The following discussion and analysis should be read in
conjunction with the consolidated financial statements and related notes
included elsewhere in this Quarterly Report on Form 10-Q. This discussion
contains forward-looking statements reflecting our current expectations and
estimates and assumptions concerning events and financial trends that may affect
our future operating results or financial position. Actual results and the
timing of events may differ materially from those contained in these
forward-looking statements due to a number of factors, including those discussed
in the Cautionary Note Regarding Forward-Looking Statements set forth above.

Unless the context warrants otherwise, Wescorp Energy Inc.,
including it subsidiaries, is referred to herein as we, us, our,
Wescorp, the Company or our Company.

Overview

Wescorp Energy Inc. is a clean water technology company.
Wescorp holds three technologies: the H2Omaxx oil-water separation
technology, the HCXT oil-solids technology, and a desalinization technology.
During the first three months of 2011 Wescorp focused on commercializing its key
technology, the H2Omaxx, which significantly reduces
hydrocarbon-contaminated  water-treatment and disposal costs for oil and
gas producers. The H2Omaxx also has applications to the marine
(shipping) and other industries which use hydrocarbons.

During the first three months of 2011, we operated primarily
through one Strategic Business Unit, or SBU; Total Fluid Solutions Inc. (Total
Fluid), which holds non-exclusive rights to utilize, with respect to
hydrocarbons, H2Omaxx and HCXT.

Our corporate offices are located at Suite 400, 435  4thAvenue S.W., Calgary, Alberta, Canada T2P 3A8, and our telephone number
there is (403) 206-3990. Our website is http://www.wescorpenergy.com.

Company Background

In 2004 and 2005, the Company recorded its first operating
revenue from the acquired operating businesses of Flowstar Technologies Inc.
(Flowstar), Flowray and their affiliated companies. Flowstar produced advanced
natural gas and gas liquids measurement devices based on electronic flow meters
and advanced turbine measurement technology. We divested ourselves of Flowstar
on January 5, 2010.

On December 18, 2007, Wescorp Technologies Ltd, our
wholly-owned subsidiary, executed and closed an Asset Purchase Agreement with
FEP Services, Inc. (FEP), pursuant to which Wescorp Technologies acquired
certain non-exclusive rights to three different water remediation technologies
and assets that we used to create two new business units - Total Fluid Solutions
Inc. (Total Fluid) and Raider Chemical Corporation (Raider). The three
technologies address, respectively, remediating three separate contaminates in
oilfield water as the result of the exploration for, and production of, oil and
gas, in particular, solids and hydrocarbon:

| | a. | Total Fluid  Our wholly owned subsidiary, Total Fluid
      Solutions Inc., owns non-exclusive rights to the use of the H2Omaxx oil-water separation technology with regard to hydrocarbons.
      The original aerator patents used in the H2Omaxx technology
      have expired, however Process Patents covering the H2Omaxx
      have been applied for in the United States and Canada. We also have
      non-exclusive rights to the HCXT solids-oil separation technology that is
      not patented, but is held as a trade secret. With these technologies, we
      hope to be able to remediate two of the main contaminates (solids,
      hydrocarbon) in oilfield water as the result of exploration for, and
      production of, oil and gas.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| |    | The H2Omaxx uses a unique aeration process
      that is expected to reduce the hydrocarbon content from the conventional
      5,000 to 30,000 parts per million range to less than 10 parts per million.
      The H2Omaxx can remove hydrocarbon contaminants and ultra
      small solids from industrial water, often without the need for chemicals,
      filters, heat, or long-term gravity storage. The H2Omaxx
      technology has a wide potential for various oil and gas water uses, both
      onshore and offshore.                                                                                                                                                                                                                           

9

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| |    | The HCXT technology for the removal of solids from
      oilfield water uses a proprietary, environmentally friendly, chemical
      process to separate drilling solids from the water and hydrocarbon
      mixtures, which are found in the water as a result of drilling oil or gas
      wells. The solids are cleaned to a standard that allows them to be used in
      construction.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                                                                                                                                             
| |    | The third technology, which is designed to remove salt
      from the oilfield water, uses a low-energy process of flash distillation
      to separate the salts from the water. However, our management has halted
      development of this technology until the H2Omaxx and HCXT
      technologies achieve commercial success, of which there is no
      assurance.                   
| |    |                                                                                                                                                                                                                                                                                                                                                                                             
| |    | We intend to use these technologies independently or in
      conjunction with each other or other water remediation technologies in
      order to address the critical water issues facing the oil and gas industry
      today.                                                                                                                                                          
| |    |                                                                                                                                                                                                                                                                                                                                                                                             
| | b. | Raider  Our wholly owned subsidiary, Raider Chemical
      Corporation, designed and manufactured specialized chemicals used in the
      cementing and stimulation services area, within the oil and gas industry.
      In October, 2010, we closed the operations of this business unit in order
      to focus on the H2Omaxx technology.                                              

The Company has yet to reach profitability. During the first
quarter ended March 31, 2011, we experienced negative cash flows. If we continue
to experience negative cash flows, then we will have to continue to fund our
operations by the issuance of new equity and/or the assumption of debt. There
can be no assurance that we will be successful in these regards, which would
significantly affect our ability to execute our business plan. Management is
seeking new capital, as discussed below.

Additional cash will be required: (i) to fund the purchase of
sufficient inventory; (ii) to finance the build-up of trade accounts receivable;
and (iii) to fund the ramp-up of our water remediation technologies.
Consequently, forecasting our total cash requirement is difficult at this time
due to the contingent nature of the timing and volume of sales we expect over
that same period.

In the near future, we intend to raise additional capital by
selling new equity, or incurring debt, to finance the following:

- The business development and expansion of water and soil remediation
  technologies (Total Fluid); and
- Payables and any negative cash flow resulting from operations.

Our current and future opportunities for success depend, to a
great extent, on the continued employment of and performance by senior
management and key personnel. As we continue to grow, the demands and skill sets
of our senior management will change. We intend to hire, as needed, new
executives with the skill sets and experience required to enhance those areas
which require specialized expertise. There is no assurance that we will be able
to hire new executives with the appropriate skill sets and experience at a
reasonable price, or at all.

Past Acquisitions

Acquisition of Flowstar and Flowray

On March 31, 2004, we, through our Alberta subsidiary 1049265
Alberta Ltd., acquired 100% of the outstanding shares of Flowstar and Flowray
for cash payments to the selling shareholders totaling approximately $414,074
(CAD $550,000) pursuant to the share purchase and subscription agreement dated
June 9, 2003, as amended effective January 14, 2004.

Related Agreements to Acquire 100% of Vasjar Trading
Ltd.

We also entered into share purchase agreements dated effective
January 14, 2004 pursuant to which we acquired 100% of the outstanding shares of
Vasjar Trading Ltd. (Vasjar). Vasjar in turn owns 100% of the outstanding
shares of Quadra, a Barbados corporation. Pursuant to an agreement dated
effective as of August 30, 2003, Flowray had transferred to Quadra all of its
intellectual property rights, including rights to the technology related to the
DCR 900 system, in consideration of a promissory note in the principal amount of
CAD $604,500 without interest. Flowstar and Flowray were legally amalgamated on
December 31, 2004 into one company that continued under the name Flowstar
Technologies Inc.

10

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In consideration of the purchase of all the outstanding shares
of Vasjar from its two shareholder entities - Abuelo Trust and Epitihia Trust -
(that each owned 50% of Vasjars outstanding shares), Wescorp issued shares (and
will issue additional shares), all of which are required to be registered for
resale upon delivery, to each of the two shareholders of Vasjar in equal amounts
as follows:

- Tranche 1: an aggregate of 2,400,000 shares of common stock of the
  Company (1,200,000 shares to each of the two shareholders) on April 28, 2004;
  and
- Tranche 2: an aggregate of up to 2,080,000 additional shares of
  common stock of the Company (up to 1,040,000 additional shares to each of the
  two shareholders) to be issued in stages as follows:

Stage One. On or before April 1, 2005,
the Company was required to issue 480,000 additional shares based on sales
achieved in the 2004 calendar year (240,000 shares to each shareholder).

Stage Two. On or before April 1, 2006,
the Company was required to issue 800,000 additional shares based on sales
achieved in the 2005 calendar year (400,000 shares to each shareholder).

Stage Three. On or before April 1,
2007, Wescorp was required to issue 800,000 additional shares based on sales
achieved in the 2006 calendar year (400,000 shares to each shareholder).

We were not able to deliver free-trading shares on April 1,
2005, and under the Vasjar purchase agreements we were required to pay an
additional 48,000 Wescorp shares for each month that the shares were not
delivered, covering the months April through September 2005. In September 2005,
a third party acquired the interests of the former Vasjar shareholders in
connection with the share delivery requirements of Tranche 2, Stage One. As a
result, we owed shares under Tranche 2, Stage One to the third party.

On November 22, 2006, we entered into a letter agreement with
the third party (the Third Party Letter Agreement), pursuant to which we
agreed to deliver to the third party 1,000,000 restricted shares of our common
stock to fulfill the Tranche 2, Stage One debt requirements that the third party
acquired from the former Vasjar shareholders. These shares were delivered to,
and accepted by, the third party on November 22, 2006.

On April 1, 2006, we were not able to deliver free-trading
shares called for under Tranche 2, Stage Two, and thus we were required to pay
the former Vasjar shareholders additional Wescorp common shares for each month
that the shares were not delivered. In February 2007, the third party acquired
the interests of the former Vasjar shareholders in connection with the share
delivery requirements of Tranche 2, Stage Two. As a result, the Company owed the
shares under Tranche 2, Stage Two to a third party. By December 18, 2007,
Wescorp had issued 3,654,750 restricted common shares to the third party in
fulfillment of Tranche 2, Stage Two.

Under the agreement, if any of the Wescorp shares to be issued
to the former Vasjar shareholders have not been delivered for a period of 182
days after the applicable due date, the former Vasjar shareholders may at their
option terminate the share purchase agreements, without notice or prior
opportunity to cure. The former Vasjar shareholders did not exercise these
rights, and they sold to a third party their rights, including their rights to
receive shares and/or penalty shares from the Company under both Stage One and
Stage Two. We have also received a written waiver from the third party waiving
and canceling any termination rights that the third party may have as a result
of his purchase of certain rights under the Vasjar purchase agreements. In
addition, we pledged to the former Vasjar shareholders all the Vasjar shares as
security to guarantee Wescorps performance under the share purchase
agreements.

Although the Registration Statement covering the shares to be
  delivered to the Vasjar shareholders became effective in January 2008, as of
  May 17, 2010, we had not delivered the Vasjar shares under Tranche 2, Stage
  Three because we were involved in discussions with the former Vasjar shareholders
  concerning the possibility of reaching a mutually acceptable agreement regarding
  the number of free-trading shares to be delivered. Without taking into account
  the Companys position that the number of shares should be smaller and
  that the agreement limits the total number of shares issuable in connection
  with Tranche 2, the former Vasjar shareholders believe they are entitled to
  the 800,000 shares issuable under Stage Three plus penalty shares for the delayed
  delivery. Because we did not deliver any shares under Tranche 2, Stage Three
  by October 1, 2007, the former Vasjar shareholders currently have the right
  to terminate their respective share purchase agreements with us. If they do
  so, we would no longer own Vasjar or its subsidiary, Quadra, including the intellectual
  property rights owned by Quadra. With the completion of the acquisition of Vasjar,
  Wescorp owns, subject to Vasjars right to terminate the acquisition agreement,
  all the proprietary technology originally owned by Flowray (which was subsequently
  amalgamated with Flowstar) related to the DCR 900 system and other products.

11

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As of April 12, 2011, Wescorp has settled totally with the Abuelo
  Trust with the payment of five million Wescorp common shares.

Acquisition of Intellectual Property and Other Assets from
FEP Services Inc.; Business of Total Fluid Solutions and Raider Chemical
Corporation

On December 18, 2007, the Company effectively completed an
agreement to purchase intellectual property and other assets from FEP. Different
portions of this intellectual property and these other assets were transferred
to our newly formed wholly-owned subsidiaries, Total Fluid Solutions and Raider
Chemical Corporation, respectively, as described below. Under the terms of the
purchase agreement, our wholly-owned subsidiary, Wescorp Technologies, assumed
liabilities of approximately CAD $240,000 and delivered to FEP: (i) a two-year
promissory note in the face amount of CAD $2,665,000; (ii) 13,900,000 restricted
shares of common stock of Wescorp Energy; and (iii) 470,143 shares of common
stock of Oilsands at an agreed value of $2,192,277. Also in connection with the
Asset Purchase Agreement, Wescorp Technologies entered into a license agreement
with a third party and a consulting agreement with each of Messrs. Bowhay and
McCaw to provide various consulting services.

Total Fluid Solutions

Our wholly owned subsidiary, Total Fluid Solutions Inc., holds
non-exclusive proprietary rights to the H2Omaxx oil-water separation
technology with respect to hydrocarbons. The original aerator patents used in
the H2Omaxx technology have expired; however, Process Patents
covering the H2Omaxx have been applied for in the United States and
Canada. We also hold non-exclusive proprietary rights to the HCXT solids-oil
separation technology that is not patented, but is held as a trade secret. With
these technologies, we hope to be able to remediate two of the main contaminates
(solids, hydrocarbon) in oilfield water that result from the exploration for,
and production of, oil and gas.

The H2Omaxx uses an aeration process that is
expected to reduce the hydrocarbon content from the conventional 5,000 to 30,000
parts per million range to less than 10 parts per million. The
H2Omaxx can remove hydrocarbon contaminants and ultra small solids
from industrial water, often without the need for chemicals, filters, heat, or
long-term gravity storage. The H2Omaxx technology has a wide potential for
various oil and gas water uses, both onshore and offshore.

The HCXT technology for the removal of solids from oilfield
water uses a proprietary, environmentally friendly, chemical process to separate
drilling solids from the water and hydrocarbon mixtures, which are found in the
water as a result of drilling oil or gas wells. The solids are cleaned to a
standard that allows them to be used in construction.

The third technology, to remove salt from the oilfield water,
uses a low-energy process of flash distillation to separate the salts from the
water. However, Management has determined not to pursue this technology
development until the H2Omaxx and HCXT technologies achieve
commercial success, of which there is no assurance.

We intend to use these technologies independently or in
conjunction with each other or other water remediation technologies in order to
address the critical water issues facing the oil and gas industry today.

Raider Chemical Corporation

Our wholly owned subsidiary, Raider Chemical Corporation,
designed and manufactured specialized chemicals used in the cementing and
stimulation services area, within the oil and gas industry.

In October, 2010, we closed the operations of this business unit
  in order to focus on the H2Omaxx technology.

12

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Results from Operations  2011 Compared to 2010 - Adjusted
for Discontinued Operations

Three Months Ended March 31, 2011 Compared to Three Months
Ended March 31, 2010

Revenues

The Company had no sales, and no revenues, for the quarter
ended March 31, 2011. The revenues for the prior-year first quarter were
attributable to the Companys wholly-owned subsidiary, Raider Chemical
Corporation, which closed operations in October 2010 and accordingly have been
reclassified to discontinued operatons. The Company continues to market its
H2Omaxx operating units for sale and/or lease.

Expenses

Operating expenses for the quarter ended March 31, 2011 were
$1,095,477 versus $636,983 for the quarter ended March 31, 2010, an increase of
$458,494. The largest increases in operating expenses were in equipment repairs
and maintenance; wages and benefits; consulting; bad debts; and interest,
finance and bank charges as explained below.

During the quarter ended March 31, 2011, expenses in the amount
of $271,059 were incurred for repairs and maintenance compared to $22,918 for
the quarter ended March 31, 2010, an increase of $248,141. This increase can be
attributed to the purchase of ten new aerators in the amount of approximately
$253,685 (CAD $250,000) which will be used in the construction of new
H2Omaxx units. As no existing contracts exist for the sale of new
H2Omaxx units the costs for the aerators have beenexpensed in the
period they were acquired.

Wages and benefits increased to $339,760 during the quarter
ended March 31, 2011 versus $171,101 during the quarter ended March 31, 2010, an
increase of $168,659. Most of increase can be attributed to the employment
contract of our executive chairman, Mr. Robert Power (Power), which was
entered into on September 24, 2010, to be effective as of January 1, 2010. Under
the terms of the contract, the annual base compensation is approximately
$308,700 (CAD $300,000), which Power elected to be paid in cash for the year
2011. Also as part of the compensation, Power will receive a one-time incentive
payment of approximately $154,350 (CAD $150,000) which Power has elected to be
paid in cash and which has been accrued in the financial statements for the
quarter ended March 31, 2011. The average exchange rate for the Canadian dollar
compared to the US dollar increased by approximately 5.5% .for the quarter ended
March 31, 2011 compared to the same quarter in 2010. As all employees are paid
in Canadian dollars instead of US dollars, some additional costs were also
incurred due to the strengthening of the Canadian dollar when compared to the US
dollar. These increases were partially offset by savings that can be attributed
to not replacing employees who left the Company and the Companys decision to
lay off certain employees.

Consulting fees incurred in the three-month period ended March
31, 2011, in the amount of $162,772, were $113,720 higher than the $49,052
incurred in the same period for 2010. There were four additional contracts with
consultants in the quarter ended March 31, 2011 when compared to the same period
in 2010 which resulted in additional consulting fees of approximately $101,800.
In addition, in the quarter ended March 31, 2010, consultants were used in
developing a safety program and to assist with obtaining a Canadian stock
exchange listing. As most of the consultants are paid in Canadian dollars
instead of US dollars, some additional costs were also incurred due to the
strengthening of the Canadian dollar when compared to the US dollar as explained
above.

During the quarter ended March 31, 2011, it was determined that
the receivable for the sublet of office space was questionable as to its
collectability and was fully allowed for as bad debt. In the same period for
2010, no adjustments to receivable balances were required for uncollectable
accounts. Thus, the Company had an increase of $4,492 in bad debts during the
quarter ended March 31, 2011 when compared to the quarter ended March 31,
2010.

We incurred interest, finance and bank charges of $76,591 for
the quarter ended March 31, 2011 compared to $72,968 incurred during the quarter
ended March 31, 2010. The increase in this expense can be attributed to the
increase in interest-bearing debt from $2,507,633 at March 31, 2010, to
$2,777,348 at March 31, 2011.

The above increases were partially offset by decreases in legal
  and accounting; advertising and investor relations; travel; insurance; directors
  fees; and office expenses.

13

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Legal and accounting costs for the three months ended March 31,
2011, were $19,986, which was a decrease of $44,440 compared to the
corresponding period of 2010. The decrease in the quarter ended March 31, 2011,
is directly related to the over-accrual of estimated audit fees at December 31,
2010, which was reversed in the current period. In addition there was a
reduction in legal fees as the fees for patents and receivable collections
incurred in the quarter ended March 31, 2011 were lower than the fees incurred
in the corresponding period of 2010 regarding new contracts.

Advertising and investor relations expenses decreased by
$13,397 to $81,260 for the quarter ended March 31, 2011 versus $94,657 reported
for the quarter ended March 31, 2010. This decrease is because certain costs
were incurred in the first quarter of 2010 for presentations to potential
investors and for website development that were not incurred in the first
quarter of 2011.

Travel expenses during the quarter ended March 31, 2011
decreased to $45,788 versus the $52,990 incurred in the quarter ended March 31,
2010. This decrease is a direct result of doing presentations to potential
investors in the US in the quarter ended March 31, 2010 which did not occur in
the corresponding period in 2011. In addition, the costs associated with vehicle
lease contracts were at lower amounts in the three months ended March 31, 2011
than similar contracts in the three months ended March 31, 2010. Offsetting
these savings were travel costs for Total Fluid which increased to $24,341 in
the quarter ended March 31, 2011 versus the $15,219 incurred in the same period
for 2010.

Insurance expense for the quarter ended March 31, 2011, was
$19,963 compared to $26,788 for the quarter ended March 31, 2010. The decrease
is due to a decrease in our comprehensive insurance premiums.

During the quarter ended March 31, 2011, the Company incurred
$5,918 in directors fees compared to $10,243 for the same period in 2010.
During the year ended December 31, 2010, the Company disposed of its interest in
Vasjar. As a result no compensation was incurred for directors involved with
Vasjar for the quarter ended March 31, 2011, when compared to the same period in
2010. In addition, lower costs for directors fees were incurred as a direct
result of a decrease in the market price of Wescorp shares.

Office expenses for the quarter ended March 31, 2011 were
$67,550 compared to $71,281 for the quarter ended March 31, 2010. The decrease
of $3,731 is primarily a result of the disposition of the Companys interest in
Vasjar as described above and the resulting reduction in expenses required to
operate the related subsidiaries.

Other Income and Expenses

For the quarter ended March 31, 2011, other expenses have
increased by $337,079 from the same period in 2010. This increase is the net
result of the matters described below.

On April 12, 2011, the Company entered into a liability release
agreement with one of the former Vasjar shareholders. Under the terms of the
agreement, the Company agreed to issue 980,000 free trading common shares and
4,020,000 restricted common shares to settle the claim made by the former Vasjar
shareholder. In return the former Vasjar shareholder has released all claims
against the Company. This transaction was accounted for in the year ended
December 31, 2010 financial statements and therefore has no impact on the March
31, 2011 financial statements. We did not deliver free-trading shares called for
under Tranche 2, Stage Three of the agreement to acquire the outstanding shares
of Vasjar, and we have accounted for certain penalty shares that may be due to
the other former Vasjar shareholder for each month that the shares are not
delivered. This accounting resulted in other expense of $198,891 being recorded
for the quarter ended March 31, 2011, (March 31, 2010  other income of
$130,906) which reflects the increase in shares potentially needed to be
delivered and the closing trading price of Wescorp shares as at March 31, 2011.
We do not agree with this other former Vasjar shareholder that it is entitled to
all these shares, but we intend to account for the shares in this manner until
the matter is resolved. Wescorp continues to attempt to reach a settlement with
the other former shareholder. Other income arose in the three months ended March
31, 2010 as the closing price of Wescorp common shares at March 31, 2010 was
$0.21, a drop of $0.08 per share from the closing price of Wescorp common shares
at December 31, 2009. This large decrease in the share price reduced the
estimated value of the liability with respect to Tranche 2, Stage Three from the
amount that was estimated at December 31, 2009, and accordingly, other income
was recorded in the three months ended March 31, 2010.

The foreign currency loss of $19,743 for the quarter ended March
  31, 2011 is a direct result of the Canadian dollar being stronger than the U.S.
  dollar at March 31, 2011 when compared to December 31, 2010. Many payables are
  denominated in Canadian dollars, and as that currency strengthens, exchange
  losses result when payables are settled. The foreign currency loss of $21,709
  for the quarter ended March 31, 2010 was a direct result of the Canadian dollar
  being stronger than the U.S. dollar at March 31, 2010 when compared to December
  31, 2009.

14

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The $9,248 loss on the settlement of debt incurred in the year
  ended December 31, 2010, is the result of the Company settling trade payables
  in the amount of $87,434 in exchange for 863,999 common shares of the Company
  valued at $96,682.

Income (Loss) from Discontinued Operations

During the year ended December 31, 2009, the Company decided to
exit the natural gas flow measurement business to focus on developing its water
remediation technology. In January 2010, the Company sold a substantial portion
of its assets related to the natural gas flow measurement business to a
non-related full service engineering firm based in Calgary, Alberta, Canada. The
Company had sold its natural gas flow measurement systems through its subsidiary
Flowstar.

In October 2010, the major customer of the Companys subsidiary
Raider Chemical Corporation (Raider) gave notice that it was no longer going
to be purchasing any more product from Raider. As a result the Company has
determined that it will leave the drilling related products and related services
business.

After taxes, the Company had a loss from discontinued
operations of $5,912 in the quarter ended March 31, 2011 compared to income of
$108,290 for the quarter ended March 31, 2010. The Company has reclassified the
operating results of these business units as discontinued operations as they are
material to the Companys consolidated financial statements.

Net Loss

The net loss for the quarter ended March 31, 2011 of $1,329,271
compared to a net loss of $419,496 for 2010 is due to the net effect in the 2011
first quarter of the increase in operating expenses of $458,494, in other
expenses of $337,079, and in the loss from discontinued operations of $114,202
as set forth above.

Liquidity and Capital Resources

Three Months Ended March 31, 2011

From inception, we have been dependent on investment capital
and debt financing as our primary sources of liquidity. Prior to our acquisition
of Flowstar in 2004, we had not generated any revenue or income from our
operations. We had an accumulated deficit at March 31, 2011 of $60,034,587.

As at March 31 2011, we had current assets totaling $64,785
compared to $478,375 at the end of December 31, 2010. This decrease is a direct
result of decrease in cash. Our cash position at March 31, 2011 decreased to
$18,497 from the $430,549 balance we had at December 31, 2010. We used cash in
operations of $649,697 in 2011 compared to $471,301 during 2010. Most of this
amount relates to the operating loss adjusted for non-cash items totaling
$1,108,964 for the three months ended March 31, 2011 (2010 -$648,590). Changes
in operating assets and liabilities are explained below.

The net cash used in operating activities was funded with
$255,773  from financing activities for the three months ended March 31, 2011
(March 31, 2010  $202,578). The cash flow from financing activities for the
three months ended March 31, 2011 was primarily a result of: proceeds received
from a private placement prior to issuing shares in the amount of $240,080, as
compared to $Nil proceeds for 2010. In the year ended December 31, 2010, we
incurred debt of $25,395 from new notes payable, as compared to $210,401
received in 2010. During the period ended March 31, 2011 we repaid notes payable
in the amount of $9,702 compared to $Nil repaid in the same period in 2010. In
the three months ended March 31, 2010 we also incurred $7,823 in costs related
to the issuance of private placements.

The Company had $10,141,961 in current liabilities as at March
  31, 2011 compared to $9,682,294 as at the December 31, 2010. The cumulative
  agreement payable at March 31, 2011, is estimated at $4,268,758 and represents
  a non-financial obligation of the Company. Additional penalties related to the
  penalty shares issuable pursuant to the Vasjar agreement in the amount of $198,891
  were incurred during the period and are included in the balance for the agreement
  payable. The fair value of the 400,000 shares still owed pursuant to the agreement
  payable has been determined to be $44,000, a reduction of $12,000 from the amount
  included in the balance at December 31, 2010. Accounts payable and accrued liabilities
  decreased in the amount of $251,421. Most of this decrease relates to the issuance
  of common shares of the Company valued at $192,000 to settle a liability release
  agreement. In addition, the Company issued common shares valued at $96,682 to
  settle trade accounts payable. Also, an additional $15,693 in new notes payable
  net of note repayments was incurred during the period.

15

---

Continued Liquidity and Financing of Business Plan

To date, our operations have been funded by a combination of
short-term debt and equity financing. Currently, cash on hand, short-term
investments and collection of trade accounts receivable are our only existing
sources of liquidity. In the event that we do not achieve positive cash flow
from operations in 2010, we will be relying on debt and equity financings to
provide our Company with sufficient capital to continue our development and
operational plans. There can be no assurance that we can continue to grow, which
would have a significant effect on the financial condition of our Company and
our ability to effectively implement our proposed business plans.

Although we do not have any lending arrangements in place with
banking or financial institutions, we intend to seek conventional bank financing
for the Company once we redeem or effect the conversion of the outstanding
short-term convertible debenture to equity as noted herein.

We are also currently in the process of arranging financing for
our 2011 operations and investment plan. Our total anticipated funding
requirement through the end of 2011 is estimated to be approximately $3,500,000.
We believe that if we are able to obtain this financing, of which there is no
assurance, our cash balances will be sufficient to carry on normal operations
for the next nine months plus meet any cash requirements that may be needed
for the building of new H2Omaxx units.Any sale of
additional equity securities, if undertaken, will result in dilution to our
stockholders. There can be no assurance that additional financing, when
required, will be available to us or on acceptable terms.

Off-Balance Sheet Arrangements

We have never entered into any off-balance sheet financing
arrangements and have not formed any special purpose entities. We have not
guaranteed any debt or commitments of other entities or entered into any options
on non-financial assets.

|ITEM 4. | CONTROLS AND PROCEDURES
|------- | -----------------------

(a) Disclosure Controls and Procedures. An evaluation was
carried out under the supervision and with the participation of our management,
including our Principal Financial Officer and Principal Executive Officer, of
the effectiveness of our disclosure controls and procedures as of the end of the
period covered by this report on Form 10-Q. Disclosure controls and procedures
are procedures designed with the objective of ensuring that information required
to be disclosed in our reports filed under the Securities Exchange Act of 1934,
such as this Form 10-Q, is recorded, processed, summarized and reported, within
the time period specified in the Securities and Exchange Commissions rules and
forms, and that such information is accumulated and is communicated to our
management, including our Principal Executive Officer and Principal Financial
Officer, or persons performing similar functions, as appropriate, to allow
timely decisions regarding required disclosure. Based on that evaluation, our
Principal Financial Officer and Principal Executive Officer concluded that, as
of March 31, 2011, our disclosure controls and procedures are effective to
satisfy the objectives for which they are intended.

(b) Changes in Internal Control over Financial Reporting. There
were no changes in our internal control over financial reporting identified in
connection with the evaluation required by paragraph (d) of Rule 13a-15 or Rule
15d-15 under the Exchange Act that occurred during the Companys last fiscal
quarter that have materially affected, or are reasonably likely to materially
affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

|ITEM 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND
      USE OF PROCEEDS
|------- | -----------------------------------------------------------------

On February 1, 2011, in connection with a Unilateral Liability
  Release entered into on December 15, 2010 pursuant to which the claimant agreed
  to release the Company jointly and severally from any claims relating to a claim
  made by a former director for unpaid amounts, the Company issued 1,000,000 shares
  of common stock with a fair value of $119,200 in full settlement of the claim.
  The shares were issued to the claimant in a private transaction under Section
  4(2) of the Securities Act. This issuance qualified for this exemption from
  registration because (i) the claimant was an accredited investor; (ii) the Company
  did not engage in any general solicitation or advertising to market the securities;
  (iii) the claimant was provided the opportunity to ask questions and receive
  answers from the Company regarding the Company and the issuance; (iv) the claimant
  had knowledge and experience in financial and business matters so that they
  are capable of evaluating the merits and risks of an investment in the Company;
  and (v) the claimant received restricted securities.

16

---

In March 2011, in connection with three settlement agreements,
  the Company issued 863,999 shares of common stock in full settlement of $87,434
  owed with respect to outstanding accounts payables. The shares were issued to
  vendors in private transactions under Section 4(2) of the Securities Act. These
  issuances qualified for this exemption from registration because (i) the vendors
  were accredited investors; (ii) the Company did not engage in any general solicitation
  or advertising to market the securities; (iii) the vendors were provided the
  opportunity to ask questions and receive answers from the Company regarding
  the Company and the issuance; (iv) the vendors had knowledge and experience
  in financial and business matters so that they are capable of evaluating the
  merits and risks of an investment in the Company; and (v) the vendors received
  restricted securities.

|ITEM 5. | OTHER INFORMATION.
|------- | ------------------

The information set forth in Item 4 of Part II of this
Quarterly Report on Form 10-Q is incorporated herein by reference to the extent
applicable.

|ITEM 6. | EXHIBITS.
|------- | ---------

|Exhibit |                                                                                                                                                                                                                                                                                                                                                                           
|------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  | Description                                                                                                                                                                                                                                                                                                                                                               
|2.1     | Share Purchase and Subscription
      Agreement dated June 9, 2003 among the Company, 1049265 Alberta Ltd.,
      Flowray, Flowstar, New Millennium Acquisitions Ltd. (New Millennium) and
      Gregory Burghardt. (Incorporated by reference to the Companys Current
      Report on Form 8-K/A filed with the Commission on May 12, 2004, File No.
      000-30095.)
|        |                                                                                                                                                                                                                                                                                                                                                                           
|2.2     | Share Purchase Agreement dated
      as of January 14, 2004 between the Company and the Trustee of the Epitihia
      Trust. (Incorporated by reference to the Companys Current Report on Form
      8-K/A filed with the Commission on May 12, 2004, File No. 000-30095.)                                                                                               
|        |                                                                                                                                                                                                                                                                                                                                                                           
|2.3     | Share Purchase Agreement dated
      as of January 14, 2004 between the Company and the Trustee of the Abuelo
      Trust. (Incorporated by reference to the Companys Current Report on Form
      8-K/A filed with the Commission on May 12, 2004, File No. 000-30095.)                                                                                                 
|        |                                                                                                                                                                                                                                                                                                                                                                           
|2.4     | Share Purchase and Subscription
      Amending Agreement dated January 14, 2004 among the Company, 1049265
      Alberta Ltd., Flowray, Flowstar, New Millennium and Gregory Burghardt.
      (Incorporated by reference to the Companys Current Report on Form 8- K/A
      filed with the Commission on May 12, 2004, File No. 000-30095.)                             
|        |                                                                                                                                                                                                                                                                                                                                                                           
|2.5     | Share Purchase Agreement dated
      as of January 14, 2004 between the Company and Epitihia Trust.
      (Incorporated by reference to the Companys Current Report on Form 8-K/A
      filed with the Commission on May 12, 2004, File No. 000-30095.)                                                                                                                  
|        |                                                                                                                                                                                                                                                                                                                                                                           
|2.6     | Share Purchase Agreement dated
      as of January 14, 2004 between the Company and Abuelo Trust. (Incorporated
      by reference to the Companys Current Report on Form 8-K/A filed with the
      Commission on May 12, 2004, File No. 000-30095.)                                                                                                                    
|        |                                                                                                                                                                                                                                                                                                                                                                           
|2.7     | Share Purchase Option Agreement
      dated February 10, 2004 between the Company and Olav Ellingsen
      (Incorporated by reference to the Companys Current Report on Form 8-K
      filed with the Commission on April 9, 2004, File No. 000-30095.)                                                                                                                  
|        |                                                                                                                                                                                                                                                                                                                                                                           
|2.8     | Amending Agreement dated as of
      June 16, 2004 between the Company and the Trustee of the Epitihia Trust.
      (Incorporated by reference to the Companys Quarterly Report on Form
      10-QSB filed with the Commission on August 26, 2004, File No. 000-30095.)                                                                                                  
|        |                                                                                                                                                                                                                                                                                                                                                                           
|2.9     | Amending Agreement
        dated as of June 16, 2004 between the Company and the Trustee of the Abuelo
        Trust. (Incorporated by reference to the Companys Quarterly Report
        on Form 10-QSB filed with the Commission on August 26, 2004, File No.
        000-30095.)                                                                                      

17

---

|Exhibit |                                                                                                                                                                                                                                                                                                                                            
|------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  | Description                                                                                                                                                                                                                                                                                                                                
|2.10    | Form of Subscription
        Agreement dated March 15, 2005 by and between Wescorp and the Purchaser
        named therein. (Incorporated by reference to the Companys Current
        Report on Form 8-K filed with the Commission on March 21, 2005, File No.
        000-30095.)                                                       
|        |                                                                                                                                                                                                                                                                                                                                            
|2.11    | Form of Subscription
        Agreement dated April 28, 2005 between and Wescorp and the Purchaser named
        therein. (Incorporated by reference to the Companys Current Report
        on Form 8-K filed with the Commission on April 29, 2005, File No. 000-30095.)                                                                  
|        |                                                                                                                                                                                                                                                                                                                                            
|2.12    | Form of Subscription
        Agreement between the Company and the United States Resident Purchaser
        named therein. (Incorporated by reference to the Companys Current
        Report on Form 8-K filed with the Commission on December 24, 2006, File
        No. 000-30095.)                                                     
|        |                                                                                                                                                                                                                                                                                                                                            
|2.13    | Form of Subscription
        Agreement between the Company and the Non-United States Resident Purchaser
        named therein. (Incorporated by reference to the Companys Current
        Report on Form 8-K filed with the Commission on December 24, 2006, File
        No. 000-30095.)                                                 
|        |                                                                                                                                                                                                                                                                                                                                            
|2.14    | Purchase Agreement
        dated March 23, 2007 between the Company and 306538 Alberta Ltd. (Incorporated
        by reference to the Companys Current Report on Form 8-k filed with
        the Commission on March 27, 2007, File No. 000-30095.)                                                                                       
|        |                                                                                                                                                                                                                                                                                                                                            
|2.15    | Agreement and
        Plan of Merger between the Company and Strategic Decision Sciences, USA,
        Inc. dated as of September 5, 2007 (Incorporated by reference to Form
        8-K filed on September 11, 2007.)                                                                                                                     
|        |                                                                                                                                                                                                                                                                                                                                            
|3.1     | Restated Articles
        of Incorporation of the Company filed February 17, 2004. (Incorporated
        by reference to the Companys Annual Report on Form 10-KSB/A filed
        with the Commission on May 13, 2004, File No. 000- 30095.)                                                                                             
|        |                                                                                                                                                                                                                                                                                                                                            
|3.2     | Amended and Restated
        Bylaws (Incorporated by reference to the Companys Annual Report
        on Form 10-K filed with the Commission on April 15, 2009, File No. 000-
        30095.)                                                                                                                                              
|        |                                                                                                                                                                                                                                                                                                                                            
|4.1     | Form of Common
        Stock Purchase Warrant dated March 15, 2005. (Incorporated by reference
        to the Companys Current Report on Form 8-K filed with the Commission
        on March 21, 2005, File No. 000- 30095.)                                                                                                              
|        |                                                                                                                                                                                                                                                                                                                                            
|4.2     | Certificate for
        14% Secured Convertible Debenture dated April 28, 2005 (Incorporated by
        reference to the Companys Current Report on Form 8-K filed with
        the Commission on April 29, 2005, File No. 000- 30095.)                                                                                                   
|        |                                                                                                                                                                                                                                                                                                                                            
|4.3     | Form of Common
        Stock Purchase dated April 28, 2005. (Incorporated by reference to the
        Companys Current Report on Form 8-K filed with the Commission on
        April 29, 2005, File No. 000-30095.)                                                                                                                       
|        |                                                                                                                                                                                                                                                                                                                                            
|4.4     | Addendum dated
        February 6, 2003 to that certain Loan Agreement dated January 28, 2003
        between the Company and AHC Holdings Ltd. containing Stock Purchase Warrant
        (Incorporated by reference to the Companys Current Report on Form
        8-K filed with the Commission on April 28, 2003, File No. 000- 30095.)
|        |                                                                                                                                                                                                                                                                                                                                            
|4.5     | Form of Warrant
        issued to the United States Resident Purchaser named therein. (Incorporated
        by reference to the Companys Current Report on Form 8-K filed with
        the Commission on December 24, 2006, File No. 000- 30095.)                                                                                         
|        |                                                                                                                                                                                                                                                                                                                                            
|4.6     | Form of Warrant
        issued to the Non-United States Resident Purchaser named therein. (Incorporated
        by reference to the Companys Current Report on Form 8-K filed with
        the Commission on December 24, 2006, File No. 000- 30095.)                                                                                     
|        |                                                                                                                                                                                                                                                                                                                                            
|4.7     | Form of Debenture
        Certificate 14% Redeemable Secured Debenture issued to Non-United States
        Residents (Incorporated by reference to the Companys Current Report
        on Form 8-K filed with the Commission on February 20, 2008.)                                                                                       

18

---

|Exhibit |                                                                                                                                                                                                    
|------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  | Description                                                                                                                                                                                        
|        |                                                                                                                                                                                                    
|4.8     | Form of Warrant issued to Non-United
      States Residents (Incorporated by reference to the Companys Current
      Report on Form 8-K filed with the Commission on February 20, 2008.)          
|        |                                                                                                                                                                                                    
|4.9     | Form of Warrant issued to Non-United
      States Residents (Incorporated by reference to the Companys Current
      Report on Form 8-K filed with the Commission on May 7, 2009.)                
|        |                                                                                                                                                                                                    
|10.10 * | Unilateral Liability  Release dated December 15, 2010                                                                                                                                              
|        |                                                                                                                                                                                                    
|10.11*  | Form of Settlement Agreement                                                                                                                                                                       
|        |                                                                                                                                                                                                    
|31.1*   | Certification
      of Chief 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                                                                                 
|        |                                                                                                                                                                                                    
|32.1*   | Certification
      of Chief Executive Officer and Principal Financial Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
      Act of 2002

* Filed herewith.

19

---

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

|                   | Wescorp Energy, Inc.               
|------------------ | -----------------------------------
|                   |                                    
|Date: May 23, 2011 | By: /s/ Douglas Biles              
|                   | Douglas Biles                      
|                   | Chief Executive Officer            
|                   | (Principal Executive Officer)      
|                   |                                    
|Date: May 23, 2011 | By: /s / Blaine Miciak             
|                   | Blaine Miciak                      
|                   | Controller                         
|                   | (Principal Financial and Accounting
|                   | Officer)                           

20

---

EXHIBIT INDEX

|Exhibit |                                                                                                                                                                                                                                                                                                                                                                     
|------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  | Description                                                                                                                                                                                                                                                                                                                                                         
|2.1     | Share Purchase and Subscription Agreement dated June 9,
      2003 among the Company, 1049265 Alberta Ltd., Flowray, Flowstar, New
      Millennium Acquisitions Ltd. (New Millennium) and Gregory Burghardt.
      (Incorporated by reference to the Companys Current Report on Form 8-K/A
      filed with the Commission on May 12, 2004, File No. 000-30095.)
|        |                                                                                                                                                                                                                                                                                                                                                                     
|2.2     | Share Purchase Agreement dated as of January 14, 2004
      between the Company and the Trustee of the Epitihia Trust. (Incorporated
      by reference to the Companys Current Report on Form 8-K/A filed with the
      Commission on May 12, 2004, File No. 000-30095.)                                                                                         
|        |                                                                                                                                                                                                                                                                                                                                                                     
|2.3     | Share Purchase Agreement dated as of January 14, 2004
      between the Company and the Trustee of the Abuelo Trust. (Incorporated by
      reference to the Companys Current Report on Form 8-K/A filed with the
      Commission on May 12, 2004, File No. 000-30095.)                                                                                           
|        |                                                                                                                                                                                                                                                                                                                                                                     
|2.4     | Share Purchase and Subscription Amending Agreement dated
      January 14, 2004 among the Company, 1049265 Alberta Ltd., Flowray,
      Flowstar, New Millennium and Gregory Burghardt. (Incorporated by reference
      to the Companys Current Report on Form 8- K/A filed with the Commission
      on May 12, 2004, File No. 000-30095.)                       
|        |                                                                                                                                                                                                                                                                                                                                                                     
|2.5     | Share Purchase Agreement dated as of January 14, 2004
      between the Company and Epitihia Trust. (Incorporated by reference to the
      Companys Current Report on Form 8-K/A filed with the Commission on May
      12, 2004, File No. 000-30095.)                                                                                                            
|        |                                                                                                                                                                                                                                                                                                                                                                     
|2.6     | Share Purchase Agreement dated as of January 14, 2004
      between the Company and Abuelo Trust. (Incorporated by reference to the
      Companys Current Report on Form 8-K/A filed with the Commission on May
      12, 2004, File No. 000-30095.)                                                                                                              
|        |                                                                                                                                                                                                                                                                                                                                                                     
|2.7     | Share Purchase Option Agreement dated February 10, 2004
      between the Company and Olav Ellingsen (Incorporated by reference to the
      Companys Current Report on Form 8-K filed with the Commission on April 9,
      2004, File No. 000-30095.)                                                                                                            
|        |                                                                                                                                                                                                                                                                                                                                                                     
|2.8     | Amending Agreement dated as of June 16, 2004 between the
      Company and the Trustee of the Epitihia Trust. (Incorporated by reference
      to the Companys Quarterly Report on Form 10-QSB filed with the Commission
      on August 26, 2004, File No. 000-30095.)                                                                                            
|        |                                                                                                                                                                                                                                                                                                                                                                     
|2.9     | Amending Agreement dated as of June 16, 2004 between the
      Company and the Trustee of the Abuelo Trust. (Incorporated by reference to
      the Companys Quarterly Report on Form 10-QSB filed with the Commission on
      August 26, 2004, File No. 000-30095.)                                                                                              
|        |                                                                                                                                                                                                                                                                                                                                                                     
|2.10    | Form of Subscription Agreement dated March 15, 2005 by
      and between Wescorp and the Purchaser named therein. (Incorporated by
      reference to the Companys Current Report on Form 8-K filed with the
      Commission on March 21, 2005, File No. 000-30095.)                                                                                              
|        |                                                                                                                                                                                                                                                                                                                                                                     
|2.11    | Form of Subscription Agreement dated April 28, 2005
      between and Wescorp and the Purchaser named therein. (Incorporated by
      reference to the Companys Current Report on Form 8-K filed with the
      Commission on April 29, 2005, File No. 000-30095.)                                                                                                 
|        |                                                                                                                                                                                                                                                                                                                                                                     
|2.12    | Form of Subscription Agreement between the Company and
      the United States Resident Purchaser named therein. (Incorporated by
      reference to the Companys Current Report on Form 8-K filed with the
      Commission on December 24, 2006, File No. 000-30095.)                                                                                            
|        |                                                                                                                                                                                                                                                                                                                                                                     
|2.13    | Form of Subscription Agreement between the Company and
      the Non-United States Resident Purchaser named therein. (Incorporated by
      reference to the Companys Current Report on Form 8-K filed with the
      Commission on December 24, 2006, File No. 000-30095.)                                                                                        

21

---

|Exhibit |                                                                                                                                                                                                                                                                                                                                    
|------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  | Description                                                                                                                                                                                                                                                                                                                        
|        |                                                                                                                                                                                                                                                                                                                                    
|2.14    | Purchase Agreement dated March 23, 2007 between the
      Company and 306538 Alberta Ltd. (Incorporated by reference to the
      Companys Current Report on Form 8-k filed with the Commission on March
      27, 2007, File No. 000-30095.)                                                                                     
|        |                                                                                                                                                                                                                                                                                                                                    
|2.15    | Agreement and Plan of Merger between the Company and
      Strategic Decision Sciences, USA, Inc. dated as of September 5, 2007
      (Incorporated by reference to Form 8-K filed on September 11, 2007.)                                                                                                                         
|        |                                                                                                                                                                                                                                                                                                                                    
|3.1     | Restated Articles of Incorporation of the Company filed
      February 17, 2004. (Incorporated by reference to the Companys Annual
      Report on Form 10-KSB/A filed with the Commission on May 13, 2004, File
      No. 000- 30095.)                                                                                           
|        |                                                                                                                                                                                                                                                                                                                                    
|3.2     | Amended and Restated Bylaws (Incorporated by reference to
      the Companys Annual Report on Form 10-K filed with the Commission on
      April 15, 2009, File No. 000- 30095.)                                                                                                                                                  
|        |                                                                                                                                                                                                                                                                                                                                    
|4.1     | Form of Common Stock Purchase Warrant dated March 15,
      2005. (Incorporated by reference to the Companys Current Report on Form
      8-K filed with the Commission on March 21, 2005, File No. 000- 30095.)                                                                                                                  
|        |                                                                                                                                                                                                                                                                                                                                    
|4.2     | Certificate for 14% Secured Convertible Debenture dated
      April 28, 2005 (Incorporated by reference to the Companys Current Report
      on Form 8-K filed with the Commission on April 29, 2005, File No. 000-
      30095.)                                                                                                 
|        |                                                                                                                                                                                                                                                                                                                                    
|4.3     | Form of Common Stock Purchase dated April 28, 2005.
      (Incorporated by reference to the Companys Current Report on Form 8-K
      filed with the Commission on April 29, 2005, File No. 000-30095.)                                                                                                                           
|        |                                                                                                                                                                                                                                                                                                                                    
|4.4     | Addendum dated February 6, 2003 to that certain Loan
      Agreement dated January 28, 2003 between the Company and AHC Holdings Ltd.
      containing Stock Purchase Warrant (Incorporated by reference to the
      Companys Current Report on Form 8-K filed with the Commission on April
      28, 2003, File No. 000- 30095.)
|        |                                                                                                                                                                                                                                                                                                                                    
|4.5     | Form of Warrant issued to the United States Resident
      Purchaser named therein. (Incorporated by reference to the Companys
      Current Report on Form 8-K filed with the Commission on December 24, 2006,
      File No. 000- 30095.)                                                                                       
|        |                                                                                                                                                                                                                                                                                                                                    
|4.6     | Form of Warrant issued to the Non-United States Resident
      Purchaser named therein. (Incorporated by reference to the Companys
      Current Report on Form 8-K filed with the Commission on December 24, 2006,
      File No. 000- 30095.)                                                                                   
|        |                                                                                                                                                                                                                                                                                                                                    
|4.7     | Form of Debenture Certificate 14% Redeemable Secured
      Debenture issued to Non-United States Residents (Incorporated by reference
      to the Companys Current Report on Form 8-K filed with the Commission on
      February 20, 2008.)                                                                                     
|        |                                                                                                                                                                                                                                                                                                                                    
|4.8     | Form of Warrant issued to Non-United States Residents
      (Incorporated by reference to the Companys Current Report on Form 8-K
      filed with the Commission on February 20, 2008.)                                                                                                                                          
|        |                                                                                                                                                                                                                                                                                                                                    
|4.9     | Form of Warrant issued to Non-United States Residents
      (Incorporated by reference to the Companys Current Report on Form 8-K
      filed with the Commission on May 7, 2009.)                                                                                                                                                
|        |                                                                                                                                                                                                                                                                                                                                    
|10.1    | Hypothecation Agreement dated as of July 6, 2004 between
      the Company, the Trustee of the Epitihia Trust and Yearwood & Boyce.
      (Incorporated by reference to the Companys Quarterly Report on Form
      10-QSB filed with the Commission on August 26, 2004, File No. 000-30095.)                                     
|        |                                                                                                                                                                                                                                                                                                                                    
|10.2    | Hypothecation Agreement dated as of July 6, 2004 between
      the Company, the Trustee of the Abuelo Trust and Yearwood & Boyce.
      (Incorporated by reference to the Companys Quarterly Report on Form
      10-QSB filed with the Commission on August 26, 2004, File No. 000-30095.)                                       
|        |                                                                                                                                                                                                                                                                                                                                    
|10.3    | License Agreement dated and effective December 1, 2001
      between Flowray and Flowstar Technologies, Inc. (Incorporated by reference
      to the Companys Current Report on Form 8-K/A filed with the Commission on
      May 12, 2004, File No. 000-30095.)                                                                  

22

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|Exhibit        |                                                                                                                                                                                                                                              
|-------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number         | Description                                                                                                                                                                                                                                  
|               |                                                                                                                                                                                                                                              
|10.4           | Memorandum of
        Understanding, dated as of September 21, 2004 between the Company and
        Ellycrack AS (Incorporated by reference to Form 8-K filed on September
        23, 2004.)                                                
|               |                                                                                                                                                                                                                                              
|10.5 **        | Employment Agreement
        dated as of September 1, 2007 by and among the Company and Douglas Biles
        (Incorporated by reference to Form 8-K filed on September 21, 2007.)                                                           
|               |                                                                                                                                                                                                                                              
|10.6 **        | Employment Agreement
        dated as of September 1, 2007 between the Company and Scott Shemwell (Incorporated
        by reference to Form 8-K filed on September 21, 2007.)                                                               
|               |                                                                                                                                                                                                                                              
|10.7           | Asset Purchase
        Agreement, dated as of December 18, 2007, by and among Wescorp Technologies
        Ltd., FEP Services Inc., Kyle Plante and Norman Plante (Incorporated by
        reference to Form 8-K filed on December 21, 2007.)
|               |                                                                                                                                                                                                                                              
|10.8           | Agreement between
        Ellycrack AS and Wescorp Energy Inc. effective as of September 16, 2010.
        (Incorporated by reference to Form 8-K filed on October 9, 2010.)                                                                 
|               |                                                                                                                                                                                                                                              
|10.9 **        | Employment Agreement
    dated as of January 1, 2010 between the Company and Robert Power                                                                                                                                                    
|               |                                                                                                                                                                                                                                              
|10.10 *        | Unilateral Liability  Release dated December 15, 2010                                                                                                                                                                                        
|               |                                                                                                                                                                                                                                              
|10.11 *        | Form of Settlement
        Agreement                                                                                                                                                                                                         
|               |                                                                                                                                                                                                                                              
|14.1           | Code of Ethics
        (Incorporated by reference to the Companys Annual Report on Form
        10-KSB filed with the Commission on April 11, 2007, File No. 000-30095.)                                                                    
|               |                                                                                                                                                                                                                                              
|21.1           | Schedule of Subsidiaries
        of the Company (Incorporated by reference to the Companys Annual
        Report on Form 10-KSB filed with the Commission on May 15, 2008, File
        No. 000-30095.)                                     
|               |                                                                                                                                                                                                                                              
|31.1
        * | Certification
        of Chief 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                                                                                                                       
|               |                                                                                                                                                                                                                                              
|32.1
        * | Certification
        of Chief Executive Officer and Principal Financial Officer pursuant to
        18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
        Act of 2002                                    

|*  | Filed herewith.                                                  
|-- | -----------------------------------------------------------------
|** | Management contracts or compensatory plans or
      arrangements.

23

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