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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, 2009

OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 
For the transition period from __________to __________

Commission File 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 770, 435  4th Avenue South West, Calgary, Alberta
T2P 3A8(Address of principal executive offices) (Zip Code)

(403) 206 - 3990Registrant'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 [X]

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 small
      reporting company) | Small 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 5, 2009 was 90,457,557.

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-KSB FOR
2008. AMONG THOSE RISKS AND UNCERTAINTIES ARE THE FOLLOWING RISKS:

- OUR ELECTRONIC FLOW METER TECHNOLOGY MAY NOT REMAIN COMPETITIVE WITHIN OUR
  CURRENT MARKETS OR WE MAY NOT BE ABLE TO GENERATE SUFFICIENT REVENUE FROM THE
  TECHNOLOGY TO BECOME PROFITABLE WITHIN THAT DIVISION;
- WE MAY NOT BE ABLE TO SUCCESSFULLY DELIVER FREE-TRADING SHARES TO COMPLETE
  THE PURCHASE OF THE FLOWSTAR TECHNOLOGY;
- THE ELLYCRACK TECHNOLOGY MAY NOT BE TECHNICALLY EFFECTIVE OR COST
  EFFECTIVE IN THE MARKETS TARGETED BY MANAGEMENT;
- WE MAY NOT BE ABLE TO ADEQUATELY PROTECT OUR INTELLECTUAL PROPERTY;
- OUR WATER REMEDIATION TECHNOLOGY MAY NOT RECEIVE SUFFICIENT MARKET DEMAND
  OR BE COMMERCIALLY SUCCESSFUL, OR IT MAY BE REPLACED IN THE MARKET BY A MORE
  TECHNICALLY ADVANCED PROCESS OR TECHNOLOGY;
- OUR WESCORP NAVIGATOR MAY NOT HAVE ADEQUATE DEMAND OR BE PROFITABLE;
- WE WILL NOT SUCCESSFULLY IDENTIFY OR COMPLETE ANY OTHER SUITABLE
  ACQUISITIONS;
- OUR PRIMARY CUSTOMERS ARE ENERGY-RELATED, WHICH TEND TO BE CYCLICAL AND
  THEREFORE ANY DOWNTURNS IN THIS CYCLICAL INDUSTRY COULD ADVERSELY AFFECT
  OPERATIONS;
- THE ENERGY-RELATED INDUSTRY THAT WE SERVICE IS HEAVILY REGULATED
  (INCLUDING CO2 RELATED ISSUES) AND THE COSTS ASSOCIATED WITH SUCH
  REGULATED INDUSTRIES INCREASE THE COSTS OF DOING BUSINESS;
- MANAGEMENT IS ADEQUATE TO INTEGRATE ANY BUSINESSES ACQUIRED;
- MANAGEMENT IS ADEQUATE TO CARRY OUT ITS BUSINESS PLAN AND TO MANAGE ITS
  GROWTH EFFECTIVELY AND EFFICIENTLY;
- MANAGEMENT WILL BE ABLE TO EFFECTIVELY DEAL WITH CURRENT AND FUTURE
  COMPETITIVE FORCES IN THE MARKET;
- THERE WILL BE ADEQUATE CAPITAL TO FUND OUR BUSINESS;
- WE MANAGE ANY FOREIGN EXCHANGE RISK ADEQUATELY;
- WE COULD FACE SIGNIFICANT LIABILITIES IN CONNECTION WITH OUR TECHNOLOGY
  AND OPERATIONS THAT, IF INCURRED BEYOND ANY INSURANCE LIMITS, COULD ADVERSELY
  AFFECT OUR BUSINESS AND FINANCIAL CONDITION;
- OUR NEED FOR ADDITIONAL CAPITAL MAY HARM OUR FINANCIAL CONDITION OR LIMIT
  OUR ABILITY TO FUND ACQUISITIONS;
- IF ACQUISITIONS ARE COMPLETED, THEY MAY BE UNSUCCESSFUL FOR TECHNICAL,
  ECONOMIC, OR OTHER REASONS; AND
- 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.

2

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CURRENCIES

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

3

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Wescorp Energy Inc.

REPORT ON FORM 10-Q

FOR THE PERIOD ENDED MARCH 31, 2009

Table of Contents

|PART I - FINANCIAL INFORMATION     |                                                                                                         
|---------------------------------- | --------------------------------------------------------------------------------------------------------
|                                   |                                                                                                         
|                                   | Item 1. Financial Statements                                                                            
|                                   |                                                                                                         
|                                   |                                                                                                         
|                                   |                                                                                                         
|                                   |                                                                                                         
|                                   |                                                                                                         
|                                   |                                                                                                         
|                                   |                                                                                                         
|                                   |                                                                                                         
|                                   |                                                                                                         
|                                   |                                                                                                         
|                                   |                                                                                                         
|                                   | Item
      2. Managements Discussion and Analysis of Financial Condition and
      Results of Operation
|                                   |                                                                                                         
|                                   | Item
      4. Controls and Procedures                                                                   
|                                   |                                                                                                         
|PART
        II. OTHER INFORMATION | 15                                                                                                      
|                                   |                                                                                                         
|                                   | Item
      6. Exhibits                                                                                  
|                                   |                                                                                                         
|                                   | SIGNATURES                                                                                              

4

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PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

5

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|WESCORP ENERGY INC.        
|---------------------------
|CONSOLIDATED BALANCE SHEETS

|                                                             |   | March 31,   |   |   | December 31, |  
|------------------------------------------------------------ | - | ----------- | - | - | ------------ | -
|                                                             |   | 2009        |   |   | 2008         |  
|                                                             |   | (Unaudited) |   |   |              |  
|ASSETS                                                       |   |             |   |   |              |  
|CURRENT ASSETS                                               |   |             |   |   |              |  
|Cash                                                         | $ | 186,546     |   | $ | 429,171      |  
|Accounts receivable, net of allowance for doubtful           |   |             |   |   |              |  
|accounts of $18,281 and $18,813, respectively                |   | 294,591     |   |   | 992,105      |  
|Inventories                                                  |   | 523,379     |   |   | 621,353      |  
|Prepaid expenses                                             |   | 176,251     |   |   | 193,951      |  
|TOTAL CURRENT ASSETS                                         |   | 1,180,767   |   |   | 2,236,580    |  
|                                                             |   |             |   |   |              |  
|EQUIPMENT, net                                               |   | 673,494     |   |   | 731,335      |  
|                                                             |   |             |   |   |              |  
|OTHER ASSETS                                                 |   |             |   |   |              |  
|Investments                                                  |   | 29,592      |   |   | 29,592       |  
|                                                             |   |             |   |   |              |  
|TOTAL ASSETS                                                 | $ | 1,883,853   |   | $ | 2,997,507    |  
|                                                             |   |             |   |   |              |  
|LIABILITIES AND STOCKHOLDERS' DEFICIT                        |   |             |   |   |              |  
|CURRENT LIABILITIES                                          |   |             |   |   |              |  
|Accounts payable and accrued liabilities                     | $ | 2,410,942   |   | $ | 2,770,933    |  
|Current portion of notes payable                             |   | 1,306,099   |   |   | 1,290,550    |  
|Agreement payable                                            |   | 2,600,329   |   |   | 2,190,474    |  
|Due to related parties                                       |   | 201,397     |   |   | 201,397      |  
|Related party note payable                                   |   | 1,924,681   |   |   | 1,924,681    |  
|Convertible debenture                                        |   | 2,250,000   |   |   | 2,250,000    |  
|Debentures payable                                           |   | 339,163     |   |   | 382,905      |  
|TOTAL CURRENT LIABILITIES                                    |   | 11,032,611  |   |   | 11,010,940   |  
|                                                             |   |             |   |   |              |  
|NOTES PAYABLE, net of current
      portion                  |   | 13,731      |   |   | 16,708       |  
|                                                             |   |             |   |   |              |  
|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; 88,752,557and
      88,152,557 shares             |   |             |   |   |              |  
|issued
      and outstanding, respectively                   |   | 8,875       |   |   | 8,815        |  
|Additional paid-in capital                                   |   | 38,996,288  |   |   | 38,745,266   |  
|Deferred compensation                                        |   | (48,000     | ) |   | (57,418      | )
|Warrant subscriptions                                        |   | 185,506     |   |   | 166,462      |  
|Subscription receivable                                      |   | (22,500     | ) |   | (22,500      | )
|Shares issuable                                              |   | 288,664     |   |   | 188,664      |  
|Accumulated other comprehensive income                       |   | 8,937       |   |   | 78,328       |  
|Accumulated deficit                                          |   | (48,580,259 | ) |   | (47,137,758  | )
|                                                             |   | (9,162,489  | ) |   | (8,030,141   | )
|                                                             |   |             |   |   |              |  
|TOTAL LIABILITIES AND                                        |   |             |   |   |              |  
|STOCKHOLDERS'
      DEFICIT                                  | $ | 1,883,853   |   | $ | 2,997,507    |  

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

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|WESCORP ENERGY INC.                                                                    
|---------------------------------------------------------------------------------------
|CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
      INCOME 
      (Unaudited)

|                                                                        |   | Three Months Ended March 31, |  
|----------------------------------------------------------------------- | - | ---------------------------- | -
|                                                                        |   | 2009                         |  
|                                                                        |   |                              |  
|REVENUES                                                                | $ | 569,599                      |  
|                                                                        |   |                              |  
|COST OF SALES                                                           |   | 368,442                      |  
|                                                                        |   |                              |  
|GROSS PROFIT                                                            |   | 201,157                      |  
|                                                                        |   |                              |  
|EXPENSES                                                                |   |                              |  
|Wages and benefits                                                      |   | 489,564                      |  
|Wages stock
      based                                                 |   | 35,500                       |  
|Consulting                                                              |   | 152,556                      |  
|Research
      and development                                          |   | 26,801                       |  
|Office                                                                  |   | 122,933                      |  
|Advertising
      and investor relations                                |   | 52,759                       |  
|Travel                                                                  |   | 46,847                       |  
|Legal and
      accounting                                              |   | 61,800                       |  
|Insurance                                                               |   | 28,248                       |  
|Depreciation
      and amortization                                     |   | 57,841                       |  
|Interest, finance and bank
      charges                                |   | 113,888                      |  
|Directors
      fees                                                    |   | 15,618                       |  
|Interest accreted on financial
      instruments                        |   | -                            |  
|TOTAL OPERATING EXPENSES                                                |   | 1,204,355                    |  
|                                                                        |   |                              |  
|LOSS FROM OPERATIONS                                                    |   | (1,003,198                   | )
|                                                                        |   |                              |  
|OTHER INCOME (EXPENSE)                                                  |   |                              |  
|Penalty for late delivery
      of shares                               |   | (441,855                     | )
|Foreign currency
      translation gain (loss)                          |   | 2,552                        |  
|Interest and other income                                               |   | -                            |  
|Gain on disposal
      of investment                                    |   | -                            |  
|Gain on disposition of assets                                           |   | -                            |  
|TOTAL OTHER EXPENSE                                                     |   | (439,303                     | )
|                                                                        |   |                              |  
|NET LOSS                                                                | $ | (1,442,501                   | )
|                                                                        |   |                              |  
|OTHER COMPREHENSIVE INCOME (LOSS)                                       |   |                              |  
|Foreign currency translation
      gain (loss)                          |   | (101,391                     | )
|Unrealized
      gain on adjustment of agreement payable to fair market |   |                              |  
|value                                                                   |   | 32,000                       |  
|                                                                        |   | (69,391                      | )
|                                                                        |   |                              |  
|COMPREHENSIVE LOSS                                                      | $ | (1,511,892                   | )
|                                                                        |   |                              |  
|BASIC AND DILUTED NET LOSS PER SHARE                                    | $ | (0.02                        | )
|                                                                        |   |                              |  
|WEIGHTED AVERAGE NUMBER COMMON SHARES                                   |   |                              |  
|OUTSTANDING - BASIC AND DILUTED                                         |   | 88,521,447                   |  

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

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|WESCORP ENERGY INC.                              
|-------------------------------------------------
|CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

|                                                                          |   | Three Months Ended March 31, |  
|------------------------------------------------------------------------- | - | ---------------------------- | -
|                                                                          |   | 2009                         |  
|CASH FLOWS FROM OPERATING ACTIVITIES:                                     |   |                              |  
|Net loss                                                                  | $ | (1,442,501                   | )
|Adjustments to reconcile net loss                                         |   |                              |  
|to net cash used in operating activities:                                 |   |                              |  
|Depreciation
      and amortization                                       |   | 57,841                       |  
|Stock-based
      compensation                                            |   | 35,500                       |  
|Interest accreted
      on financial instruments                          |   | -                            |  
|Gain
      on disposition of assets                                       |   | -                            |  
|Gain on disposal
      of investment                                      |   | -                            |  
|Amortization
      of deferred share compensation                         |   | 9,418                        |  
|Fair value
      of common stock issued for services                      |   | 99,900                       |  
|Penalty for late delivery of shares                                       |   | 441,855                      |  
|Changes
      in operating assets and liabilities:                        |   |                              |  
|Accounts
      receivable                                                 |   | 697,514                      |  
|Inventories                                                               |   | 97,974                       |  
|Prepaid
      expenses                                                    |   | 17,700                       |  
|Accounts payable and accrued liabilities                                  |   | (359,991                     | )
|Net cash used
      in operating activities                               |   | (344,790                     | )
|CASH FLOWS FROM INVESTING ACTIVITIES:                                     |   |                              |  
|Decrease in
      short-term investment                                   |   | -                            |  
|Purchase
      of equipment                                               |   | -                            |  
|Proceeds from
      disposition of investment                             |   | -                            |  
|Proceeds
      from disposition of assets                                 |   | -                            |  
|Net cash used
      in investing activities                               |   | -                            |  
|CASH FLOWS FROM FINANCING ACTIVITIES:                                     |   |                              |  
|Payments on
      notes payable                                           |   | (5,718                       | )
|Proceeds
      from notes payable                                         |   | 19,610                       |  
|Proceeds from
      debentures payable                                    |   | -                            |  
|Repayments
      on debentures payable                                    |   | (39,700                      | )
|Increase in
      amounts due to related parties                          |   | -                            |  
|Proceeds
      received from exercise of warrants prior to issuing shares |   | 19,044                       |  
|Proceeds received
      from private placement                            |   | 220,000                      |  
|Private
      placement issuance costs                                    |   | (4,318                       | )
|Net cash provided
      by financing activities                           |   | 208,918                      |  
|Effect of exchange rates                                                  |   | (106,753                     | )
|Net decrease in cash                                                      |   | (242,625                     | )
|Cash, beginning of period                                                 |   | 429,171                      |  
|Cash, end of period                                                       | $ | 186,546                      |  
|SUPPLEMENTAL CASH FLOW DISCLOSURES:                                       |   |                              |  
|Cash paid for:                                                            |   |                              |  
|Interest                                                                  | $ | 14,892                       |  
|Income taxes                                                              | $ | -                            |  

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

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|WESCORP ENERGY INC.                                 
|----------------------------------------------------
|CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|(Unaudited)                                         
|March 31, 2009                                      

NOTE 1  BASIS OF PRESENTATION

These unaudited interim consolidated financial statements may
  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, 2008, 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, 2009 are not necessarily indicative
  of the results that may be expected for the year ending December 31, 2009.

NOTE 2  AGREEMENT PAYABLE

On April 1, 2007, the Company was not able to deliver 800,000 free-trading shares called for under Tranche 2, Stage Three of the purchase agreements to acquire Vasjar Trading Ltd. (“Vasjar”), and thus the Company is required to issue the former Vasjar shareholders an additional 80,000 penalty common shares of the Company, compounded monthly, for each month that the free-trading shares are not delivered resulting in a charge to operations for the fair value of these penalty common shares.  The aggregate penalty common shares under this stage resulted in a charge to operations of $441,855 for the three months ended March 31, 2009 ($240,514 for the three months ended March 31, 2008), based on the fair value of the shares.  Through March 2009, the Company had recorded an aggregate charge to operations of $2,336,329 to issue an additional 7,079,786 penalty common shares as the free-trading shares associated with Stage Three have not been issued.

If any of the common shares of the Company 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. The former Vasjar shareholders did
  not exercise these rights, and they received all of the penalty shares that
  accrued until this obligation had been met under both Stage One and Stage Two.
  The Company is currently negotiating with the former Vasjar shareholders with
  respect to its failure to satisfy the obligations that have arisen with respect
  to Stage Three. In addition, the Company pledged to the former Vasjar shareholders
  all the Vasjar shares as security to guarantee Wescorps performance under
  the share purchase agreements.

Included in the balance for the agreement payable at March 31, 2009 is $2,336,329 (December 31, 2008 – $1,894,474) for the fair value of the penalty common shares plus the fair value of the 800,000 shares relating to Tranche 2, Stage Three in the amount of $264,000 (December 31, 2008 – $296,000).

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NOTE 3  OPERATING SEGMENTS

The Company recognizes revenues, operating income, depreciation
  and amortization expense, total assets and capital expenditures by segment.
  Interest expense and other income (expense) are not monitored by segment. Summarized
  information for the Companys reportable segments is contained in the following
  tables:

As of and for the three months ended March 31, 2009:

|                              |   | Gas         |   |   |          |   |   |           |   |   |            |  
|----------------------------- | - | ----------- | - | - | -------- | - | - | --------- | - | - | ---------- | -
|                              |   | Measurement |   |   | Drilling |   |   | Corporate |   |   | Total      |  
|Revenues                      | $ | 368,724     |   | $ | 200,875  |   | $ | -         |   | $ | 569,599    |  
|Loss from operations          |   | (163,725    | ) |   | (34,111  | ) |   | (805,362  | ) |   | (1,003,198 | )
|Depreciation and amortization |   | 7,773       |   |   | 16,724   |   |   | 33,344    |   |   | 57,841     |  
|Total assets                  |   | 1,096,160   |   |   | 208,073  |   |   | 579,620   |   |   | 1,883,853  |  
|Capital expenditures          |   | -           |   |   | -        |   |   | -         |   |   | -          |  

As of and for the three months ended March 31, 2008:

|                              |   | Gas         |   |   |          |   |   |            |   |   |            |  
|----------------------------- | - | ----------- | - | - | -------- | - | - | ---------- | - | - | ---------- | -
|                              |   | Measurement |   |   | Drilling |   |   | Corporate  |   |   | Total      |  
|Revenues                      | $ | 678,991     |   | $ | 246,644  |   | $ | -          |   | $ | 925,635    |  
|Loss from operations          |   | (156,442    | ) |   | (28,060  | ) |   | (1,316,118 | ) |   | (1,500,620 | )
|Depreciation and amortization |   | 14,679      |   |   | 15,154   |   |   | 42,485     |   |   | 72,318     |  
|Total assets                  |   | 1,722,317   |   |   | 426,712  |   |   | 3,090,410  |   |   | 5,239,439  |  
|Capital expenditures          |   | 11,935      |   |   | 6,469    |   |   | 38,760     |   |   | 57,164     |  

NOTE 4  SUBSEQUENT EVENT

On May 5, 2009 the Company issued 1,705,000 units at a price of $0.40 per unit pursuant to a private placement.  Each unit consists of one common share and one share purchase warrant.  One share purchase warrant entitles the holder to purchase one additional common share at a price of $0.60 for a period of 2 years from the date the units are issued.  The Company has agreed to pay a commission of 10% in shares upon the final closure of the private placement.

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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 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.

Wescorp Energy Inc. is referred to herein as we, us, our,
Wescorp, the Company or our Company.

Overview

We are an oil and gas operations solution and engineering
company committed to acquiring, developing and commercializing technologies that
are designed to improve the management, environmental and economic performance
of field operations for oil and gas producers and to provide solutions to help
them overcome the tough operational challenges they face. To this end, our
primary business strategy is to acquire, fund and develop new systems and
technologies in our field through investments in companies or products for which
early stage product development has been completed, and to provide consulting
services with respect to these systems and technologies. We prefer investments
for which we can control the intellectual property of technologies that have
emerged from research and initial development and are essentially market-ready.
We also acquire companies with one or more technology products being developed
that can benefit from the financial, technical and business development
experience of our management to bring those products to market in a meaningful
manner after they have been fully developed. Among other strategies, we may
attempt to license or form third-party commercial partnerships based on these
acquired technologies.

In short, our goal is to generate enhanced capital appreciation
for our shareholders by continuing to acquire, develop, and commercialize timely
effective product solutions or strategic investment opportunities for
energy-related applications that generate real returns with above-average cash
flow and margins. To this end, we currently have investments in five projects,
including: (i) our subsidiary, Flowstar (as
defined below); (ii) our joint venture with Ellycrack (as defined below); (iii)
our Wescorp NAVIGATOR; (iv) our subsidiary Total Fluid Solutions Inc. (Total
Fluid); and (v) our subsidiary Raider Chemical Corporation (Raider).

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 produces advanced
natural gas and gas liquids measurement devices based on electronic flow meters
and advanced turbine measurement technology. Flowstar devices are
self-contained, energy-efficient flow computers with turndown ratios of 40:1 or
more for more precise flow measurements and volume calculations that are
installed directly to the well-head. Currently, these products carry a one-year
warranty and have no right of return. There is no price protection plan in
place.

On September 11, 2007, we effectively completed an Agreement
and Plan of Merger (the Merger Agreement) with Strategic Decisions Sciences
USA Inc. (SDS) and Scott Shemwell, who was the sole shareholder of SDS and who
is our current Chief Operating Officer. The transaction was structured as a
merger of SDS into Wescorp in accordance with the applicable provisions of the
Delaware General Corporation Law (the Merger), with Wescorp remaining as the
surviving entity following the Merger. The technology developed by SDS is
operating as Wescorp Navigator, a division of Wescorp. It is a Houston-based
engineering business focused on providing process-driven consulting services to
help oil and gas operators improve the management, economics and environmental
performance of field operations. As part of our acquisition of SDS, we acquired
its NAVIGATOR Process Management Solution, a collaborative solution that manages
the interactions of people, processes and equipment in complex oil and gas field
operations. We believe that the Wescorp NAVIGATOR offers powerful, integrated,
field operations capability that we intend to use to drive the development,
commercialization and management of our client offerings. We also intend to make
the Wescorp NAVIGATOR available to our clients to manage field complexities,
especially in the areas of oil and gas flow measurement and metering,
environmental remediation and compliance, enhanced oil recovery, unconventional
oil and gas production, and field intelligence, including radio frequency
identification (RFID) tagging and implementation.

6

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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 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 rights owned by Total
Fluid are for North America.) The three technologies address 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,
      owns a North American patent for certain oil- water separation technology.
      We are in the process of filing a provisional patent application for
      additional technology which we have developed in the same area. We also
      own all of the intellectual property rights for a 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 technology to remove solids from the
      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 the wells.
      The solids are cleaned to a standard that allows them to be used in
      construction. The technology to remove hydrocarbons from the oilfield
      water uses a patented 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 100 parts per million. 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.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|b. | Raider  Our wholly-owned subsidiary, Raider, designs and
      manufactures specialized chemicals used in the cementing and stimulation
      services area, within the oil and gas industry. Raider is currently making
      sales in Canada and is also evaluating possibly expanding operations into
      the US.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

Our sources of revenue now include (a) continued revenues from
our subsidiary, Flowstar; (b) revenues from our subsidiary Wescorp Services
(Navigator) (c) revenues from our subsidiary, Raider and (d) revenues from our
subsidiary, Total Fluid.

Results for 2008 and the first quarter of 2009 were not as
strong as anticipated due to the world wide financial situation, and
specifically, the sharp downturn in gas drilling and exploration. Performance
for Flowstar during the first quarter of 2009 was below average. Wescorp
Services (Navigator) is a new business with strong potential for the future, but
it may take some time for the sales to ramp-up. The Raider division has shown
encouraging sales considering the drilling market has been slow.

Overall, the Company as a whole has yet to reach profitability
and during the first quarter ended March 31, 2009, 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 assurances that we will be successful in
these regards, which would significantly affect our ability to execute our
business plan.

Although we are somewhat optimistic regarding our future
operations based on our sales for the last three quarters of 2008, 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 continued expansion of Flowstar operations within our current markets
  and possibly into the United States;
- The business development and expansion of water and soil remediation
  technologies (Total Fluid and Raider), ;
- The potential acquisition of possible new technologies and businesses
  related to our existing strategic business units, with the intent that they
  would add value to our overall business almost immediately upon closing; and
- Any negative cash flow resulting from operations.

Our current and future opportunities for success depend on, to
a great extent, 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. As needed, new executives will be hired with the
skill sets and experience required to enhance those areas which require
specialized expertise.

7

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Past Acquisitions

Flowstar and Flowray Terms of 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.

In consideration of the purchase of all the outstanding shares
of Vasjar from its two shareholder entities (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 2,080,000 additional shares of common
  stock of the Company (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 pay the third party 1,000,000 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 an additional 80,000 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 issued 3,654,750 common shares to the third party.

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

8

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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 became
effective in January 2008, as of May 12, 2009, we had not delivered the Vasjar
shares 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 for the Company to deliver
under Tranche 2, Stage Three. Under the terms of the agreement, without taking
into account the Companys position that the number of shares should be smaller,
the former Vasjar shareholders would be entitled to an additional 80,000 Wescorp
common shares for each month that the shares are not delivered. Because we were
unable to deliver these shares, plus the penalty shares, 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.

Investment in Ellycrack AS

Pursuant to a letter of intent dated February 10, 2004,
Ellycrack AS (Ellycrack), of Florø, Norway, had granted Wescorp, or its
subsidiary, options to acquire three separate exclusive territorial licenses in
Canada, the United States and Mexico to make, use, copy, develop and exploit
Ellycracks technology and intellectual property and to design, manufacture,
market and sell products or systems derived from or utilizing Ellycracks
technology or sublicense others to do the same in each territory.

However, on September 28, 2004, Ellycrack and the Company
signed the MOU to form a 50% / 50% Joint Venture to make, use, copy, develop and
exploit Ellycrack's technology and intellectual property and to design,
manufacture, market and sell products or systems derived from or utilizing
Ellycrack's technology or sublicense others to do the same on a world-wide
basis.

The MOU also provides for cancellation of the options to
purchase licenses in Canada, the United States and Mexico and the institution of
an obligation to build and operate a pilot plant in Canada to determine the
overall economics of the technology and, subject to the viability of these
economics, to market the technology on a worldwide basis. For further details
see our Current Report on Form 8-K filed with the SEC on September 28, 2004.

In addition to our interest in Ellycrack through the MOU
described above, the Company owns an aggregate of 724,000 shares of Ellycrack
representing approximately 13% of Ellycrack's outstanding shares.

Ellycrack has developed what is believed to be a cost effective
technology in which heavy oil can be upgraded to lighter more commercially
saleable oil via a low-energy mechanical cracking process which can be located
directly in a field environment. By upgrading heavy oil in the field, oil
companies can eliminate on-site storage tanks as well as the cost associated
with transporting heavy oil great distances to centralized upgraders. As
such, heavy oil can be transported directly to
a refinery.

Since Wescorps business relationship with Ellycrack A/S
started, Ellycrack has reported improved results in experiments with its test
rig. These experiments have been conducted by the prestigious Norwegian
research center SINTEF. Demonstration tests for several major oil companies were
done at Wescorps expense. This has resulted in current negotiations by
Ellycrack with two major companies, to conduct further testing in Canada at
their expense.

In accordance with the MOU with Ellycrack, Wescorp has been
working with Ellycrack on plans to develop a pilot plant. During the third
quarter of 2005, we made various improvements to core technology within the
Ellycrack process in order to optimize it for the pilot plant and subsequent
commercial applications. As a result of those improvements, we scheduled tests
for several major energy producers who have requested a demonstration of the
Ellycrack process for possible consideration within their field operations as a
commercial application. Those improvements and tests were very successful,
resulting in a significant increase in the process upper limit of API
upgrading. To date, we have hired a major engineering firm to prepare the design
for a 50 to 200 barrel-per-day pilot plant utilizing the Ellycrack technology.
This design was completed in the first quarter of 2006. We have also hired an
engineer to act as project manager for pilot plant fabrication and to oversee
Ellycrack-related operations.

9

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We have moved the VISCOSITOR test rig from a research center
at Trondheim, Norway to Canada in order to develop the technology under
world-class Canadian heavy oil expertise for the commercialization effort. The
aim is to automate the test rig as an approximately 20-50 BOPD pilot plant, and
prove out longer term operation before seeking markets for the technology.

Since arriving in Canada, the test rig was reassembled and
modified at a fabrication shop in Manitoba to meet Canadian Electrical Code and
other standards. Then the unit was moved to a Canadian research center for
installation. Upon completion of installation, it is to be subjected to a staged
test program. The unit is to be operated under conditions that duplicate those
that existed in Norway in order to validate proper operation.

Acquisition and Business of Strategic Decision Sciences USA
Inc.

On September 11, 2007, we acquired SDS, a Houston-based
engineering firm focused on providing process-driven consulting and services to
help oil and gas operators improve the management, economics and environmental
performance of field operations. As part of our acquisition of SDS, we acquired
its NAVIGATOR Process Management Solution, a collaborative solution that manages
the interactions of people, processes and equipment in complex oil and gas field
operations. We believe that the Wescorp NAVIGATOR offers powerful, integrated,
field operations capability that we intend to use to drive the development,
commercialization and management of our client offerings. We also intend to make
the Wescorp NAVIGATOR available to our clients to manage field complexities,
especially in the areas of oil and gas flow measurement and metering,
environmental remediation and compliance, enhanced oil recovery, unconventional
oil and gas production, and field intelligence, including radio frequency
identification (RFID) tagging and implementation.

SDS focuses on the operations level and is committed to
assisting its clients to achieve operational excellence.

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. (Total
Fluid), owns the world-wide rights to certain oil-water separation technology
in the oil and gas field. The Canadian patent rights expire in March 2011. We
have filed a provisional patent application for the world-wide oil and gas
rights for additional technology in the same area. We also own all of the
intellectual property rights for a 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. 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.

The technology to remove solids from the 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 the wells. The solids are cleaned to a standard that allows
them to be used in construction. The technology to remove hydrocarbons from the
oilfield water uses a patented aeration process that is expected to reduce the
hydrocarbon content from the conventional range of 5,000 to 30,000 parts per
million to less than 10 parts per million. 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.

The Total Fluid field testing has been completed at our
industry-sponsored production facility, involving 120 oil and gas wells. During
the last phase of our test period, we maintained over 90% uptime, with minimal
interruptions. Our operational results have provided valuable data to our
industry sponsors, allowing them to recommend technical improvements to our
equipment,

10

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resulting in savings in operating costs. These independent
third-party verified results showed that the H2Omaxx unit reduced the
hydrocarbon content in water down to below 10 parts per million.

We believe that all indications are that our technology is
sound and that the market opportunity is vast. We continue to work with the
University of Calgary and the Canadian Environmental Technology Advancement
Corporation on proving scalability and validating the technologys use in other
areas of applications.

Since the beginning of the second quarter of 2008, we have
demonstrated our unit to over 100 investors, clients, industry experts, and
government officials. It is hoped that these demonstrations will lead to future
sales opportunities of the unit. We have signed our first sales order for one
unit with options for up to an additional 255 units over the next five years.

Wescorp has had extensive discussions with interested parties
regarding a world-wide strategic marketing and distribution alliance for the
H2Omaxx technology in the oil and gas sector. A Letter of Intent for
a Worldwide Exclusive Licensing Agreement to market and manufacture the
H2Omaxx technology was signed with Weatherford International Inc. The
parties currently are negotiating an agreement.

Raider Chemical Corporation

Our wholly-owned subsidiary, Raider Chemical Corporation
(Raider), designs and manufactures specialized chemicals used in the cementing
and stimulation services area, within the oil and gas industry. Raider is
currently making sales in Canada, and the US.

Operations Summary

Results from Operations  2009 Compared to 2008

Three Months Ended March 31, 2009 Compared to Three Months
Ended March 31, 2008

Revenues

Revenues during the quarter ended March 31, 2009 were $569,599
compared to $925,635 for the quarter ended March 31, 2008, a decrease of
$356,036, or 38.5% . This decrease is primarily attributed to the decline in the
price of natural gas which has resulted in the customers of Flowstar to either
defer or abandon plans to bring new wells into production. Revenues attributable
to our wholly-owned subsidiary Flowstar were $368,965 (2008 - $678,991) while
revenues of Raider contributed $203,541 (2008 - $246,644). Problems continue to
be caused by reductions in well licensing, drilling activities, and capital
spending which still plague the Canadian natural gas industry. Based on
information published by the Canadian Association of Petroleum Producers, well
licensing is down 48% and well completions are down 42% for gas wells in the
first quarter of 2009 when compared to the same period for 2008 in the province
of Alberta, Canada.

Also contributing to the decrease in revenue is the decline in
the Canadian dollar relative to the US dollar. The average exchange rate for the
Canadian dollar compared to the US dollar decreased by approximately 19.4% . As
virtually all revenue is from sales to customers in Canada, the decrease in the
exchange rate had a significant impact on revenue for the three months ended
March 31, 2009.

We continue to look for additional product offerings that will
further expand our existing product line, and to find new market niches for our
existing products. Flowstar has been focusing its sales efforts by identifying
applications and markets where its electronic flow measurement systems have
advantages over competing products in order to increase its market share in the
Canadian natural gas flow measurement market. We also intend to utilize existing
client and industry relationships to attract new customers. We believe that
these efforts will lead to increases in revenues in the future, but there is no
certainty that this will occur.

Cost of Sales

As a percentage of revenues, cost of sales for the quarter
ended March 31, 2009 increased to 64.7% versus 53.4% for the quarter ended March
31, 2008. A significant portion of the inventory is purchased from suppliers in
the U.S.A. Given the depressed market in the Canadian natural gas industry and
the resulting decrease in drilling activity as described above, these

11

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costs could not be passed on to our customers. Also, pricing of
products was reduced to try to stimulate demand. In addition, a portion of this
increase can be attributed to the slightly lower margins achieved in the sale of
Raider products versus those margins that are realized on the sale of Flowstar
products and having a higher percentage of the sales this quarter being
contributed by Raider.

Expenses

Operating expenses for the quarter ended March 31, 2009 were
$1,204,355 versus $1,931,934 for the quarter ended March 31, 2008, a decrease of
$727,579. The largest decreases in our operating expenses were in advertising
and investor relations, interest accreted on financial instruments, and wages
and benefits as explained below.

Advertising and investor relations expenses decreased by
$189,347 to $52,759 for the quarter ended March 31, 2009 versus $242,106
reported for the quarter ended March 31, 2008. This decrease is a direct result
of the contracts for investor relations consulting services in the quarter ended
March 31, 2009 were for lower amounts than the contracts that existed during the
quarter ended March 31, 2008. In addition, significant costs that were incurred
in the first quarter of 2008 for brand imaging and extensive promotion of the
Wescorp Navigator and Flowstar product offerings were not incurred in 2009.

To account for the issuance of the Companys $400,000
non-convertible debentures that include attached warrants in the fourth quarter
of the year ended December 31, 2007, a beneficial conversion feature of $100,000
was recorded as a debt discount and will be amortized over the life of the
debenture. An additional $12,500 was recorded as a debt discount related to a
debenture issued in January 2008. As a result $56,250 in interest accretion
related to the debt discount was charged to operations in the quarter ended
March 31, 2008. In December 2007, an unsecured note, bearing interest at a rate
of 0.0%, in the amount of approximately $2,696,980 (CAD $2,665,000) was issued.
The fair value of this note was computed as $2,183,635 using an interest rate of
18.0% which represents the incremental borrowing rate of the Company. This
resulted in $513,345 being recorded as a debt discount which will be amortized
over the life of the note. During the quarter ended March 31, 2008, amortization
of $94,367 related to the debt discount was recorded. No costs for the accretion
of interest related to financial instruments was incurred in the quarter ended
March 31, 2009 as there were no financial instruments that required amortization
of debt discounts outstanding during that period.

Wages and benefits decreased to $489,564 during the quarter
ended March 31, 2009 versus $645,512 during the quarter ended March 31, 2008, a
decrease of $155,948. As most of the employees are paid in Canadian dollars, the
Company realized a significant decrease in payroll costs due to the decrease in
the Canadian dollar when compared to the US dollar as described above. Further
savings can be attributed to not replacing employees who left the Company and
the laying off of employees. In addition, commencing in October 2008 our Chief
Financial Officer is no longer receiving any compensation.

Travel expenses during the quarter ended March 31, 2009
decreased by $86,573 versus the quarter ended March 31, 2008, a direct result of
reduced marketing of Wescorp Navigator, Wescorp, and Flowstar in international
markets and decreased activity in the Ellycrack project. Travel costs for Total
Fluid decreased to $10,831 in the quarter ended March 31, 2009 versus the
$24,064 incurred in the same period for 2008. As a greater portion of the travel
expenses in the current period were incurred in Canadian dollars instead of US
dollars, some additional savings were also realized by the reduction in the
exchange rate for the Canadian dollar.

Office expenses for the quarter ended March 31, 2009 were
$122,933 compared to $184,125 for the quarter ended March 31, 2008. The decrease
of $61,192 is a direct result of the decreased cost of rental space for the
office in Houston, Texas, decreased spending for the operations of Wescorp
Navigator and reductions in cellular telephone charges due to decreases in
travel outside of North America. As a greater portion of the office expenses in
the current period were incurred in Canadian dollars instead of US dollars some
additional savings were also realized by the reduction in the exchange rate for
the Canadian dollar.

Legal and accounting costs for the three months ended March 31,
2009 were $61,800, which was a decrease of $29,644 compared to the corresponding
period of 2008. The decrease in 2009 is directly related to decreased audit fees
and lower legal fees required for compliance with various regulatory filings,
and for due diligence work undertaken with respect to potential business
acquisitions and other contracts. These decreases were offset by higher costs
related to SOX 404 compliance.

We incurred interest, finance and bank charges of $113,888 for
the quarter ended March 31, 2009 compared to $133,352 incurred during the
quarter ended March 31, 2008. Most of the decrease can be attributed to
financing fees of $31,695 being

12

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incurred in the three months ended March 31, 2008 with no
financing fees being incurred in the quarter ended March 31, 2009. In addition,
interest bearing debt at March 31, 2009 was $4,051,183 versus $4,321,931 at
March 31, 2008.

Costs for research and development dropped in the quarter ended
March 31, 2009 to $26,801 compared to the $43,601 incurred in the quarter ended
March 31, 2008. Most of this decrease can be attributed to the reduction in
costs associated with modifying the VISCOSITOR to be a 20 to 50 barrel-per-day
pilot plant. Two consulting contracts related to this project were terminated in
the year ended December 31, 2008 and therefore costs that had been incurred in
the quarter ended March 31, 2008 were not incurred in the quarter ended March
31, 2009. With current efforts being concentrated on completing development of
the H2Omaxx technology, no resources were committed to the
development of the VISCOSITOR in the quarter ended March 31, 2009 while costs
incurred in the first quarter of 2008 totaled $168,111. During the quarter ended
March 31, 2009, expenditures totaling $41,566 were made on the development of
the H2Omaxx technology which were offset by grant funds received in the period.
Expenses in the amount of $24,890 to develop the H2Omaxx technology
were incurred in the three months ended March 31, 2008 and were offset by the
receipt of a grant in the amount of approximately $149,400 (CAD $150,000) to
assist in the development of the water remediation technology in Total Fluid
into a commercial product.

Depreciation and amortization expense for the quarter ended
March 31, 2009 was $57,841 versus $22,654 for the quarter ended March 31, 2008,
a decrease of $14,477. This decrease was a direct result of having fully
depreciated property and equipment as at December 31, 2008 that were still being
utilized by the Company in the first quarter of 2009. The value of property and
equipment that was not fully depreciated at March 31, 2008 was higher than at
March 31, 2009.

Consulting fees incurred in the current three-month period in
the amount of $152,556 were $10,315 lower than the $162,871 incurred in the same
period for 2008. This decrease is a direct result of having fewer contracts with
consultants in the quarter ended March 31, 2009 when compared to the same period
in 2008. The costs associated with the new consulting contracts that did not
exist in the first quarter of 2009 were for lower amounts than those that have
terminated since March 31, 2008. Included in the costs for consulting in the
quarter ended March 31, 2009 was $100,100 for the value of shares issued
pursuant to consulting agreements. Only $14,333 in corresponding costs for
consulting fees paid with shares were incurred in the quarter ended March 31,
2008.

Insurance expense for the quarter ended March 31, 2009 was
$28,248 compared to $37,626 for the quarter ended March 31, 2008. The decrease
is due to a reduction in our premium for our comprehensive insurance partially
offset by a slight increase in our directors and officers liability
insurance.

In order to strengthen the Board of Directors, the Company
decided to compensate outside directors in the form of shares commencing on
April 1, 2006. During the quarter ended March 31, 2009, the Company incurred
$15,618 in directors fees compared to $20,342 for the same period in 2008. The
lower costs are a direct result of a slight decrease in the market price of
Wescorp shares.

The above decreases were partially offset by an increase in
stock-based wages. During the quarter ended March 31, 2009, 100,000 options to
purchase common shares pursuant to employment agreements for executive officers
vested. In the same period for 2008, 59,524 options to purchase common shares
pursuant to employment agreements for executive officers vested. Thus, the
Company had an increase of $20,900 in stock-based wages during the three months
ended March 31, 2009 to $35,500 compared to the $14,600 incurred during the
three months ended March 31, 2008.

Other Income and Expenses

For the quarter ended March 31, 2009, other expenses have
increased by $207,693 from the same period in 2008. This increase is the net
result of the matters described below.

We were not able to deliver free-trading shares called for
under Tranche 2, Stage Three of the agreement to acquire Vasjar, and thus we
were required to pay the former Vasjar shareholders an additional 80,000 Wescorp
common shares for each month that the shares are not delivered. This resulted in
an accrual of $441,855 being recorded for the quarter ended March 31, 2009,
(March 31, 2008 - $240,514) which reflects the increase in shares needed to be
delivered and the closing trading price of Wescorp shares as at March 31, 2009.

The foreign currency gain of $2,552 for the quarter ended March
31, 2009 is a direct result of the Canadian dollar being slightly weaker than
the U.S. dollar at March 31, 2008 when compared to December 31, 2007. Many
payables are denominated in Canadian dollars and as that currency weakens
exchange gains result when payables are settled. The foreign currency loss of

13

---

$54,999 for the quarter ended March 31, 2008 was a direct
result of the Canadian dollar being weaker than the U.S. dollar at March 31,
2008 when compared to December 31, 2007. Wescorp had a short-term investment of
approximately $1,439,903 denominated in Canadian dollars which decreased in
value as the Canadian dollar weakened against the U.S. dollar.

The gain on the disposal of investment for the three months
ended March 31, 2008 is the direct result of disposing of 4.5% of the investment
in Tarblaster AS.

Interest income for the three months ended March 31, 2008 is
directly related to the short-term investment made in June 2007.

The gain on the disposal of assets is the direct result of
disposing of assets that were completely depreciated and no longer being
utilized by the Company during the quarter ended March 31, 2008.

Net Loss

The net loss for the quarter ended March 31, 2009 of $1,442,501
compared to a net loss of $1,732,230 for 2008 is due to the net effect of the
decrease in operating expenses of $727,579 partially offset by decrease in gross
profit of $230,157, and an increase in other expenses of $207,693 as set forth
above.

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 2009, 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 Flowstar 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 2009 operations and investment plan. As part of our overall investment
objectives, we intend to acquire and develop one or more additional remediation
technologies in 2009. Our total anticipated funding requirement through the end
of 2009 is estimated to be approximatelythree million dollars. 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 twelve months plus meet any cash requirements that may be needed
for target investments or acquisitions. 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.

We anticipate that the most likely major purchases of capital
assets in the next 12 months will be the expansion of Flowstar operations into
the United States, the potential acquisition of one or more new businesses
and/or technologies, and the costs of developing and marketing the next in the
series of environmental remediation technologies acquired in late 2007. However,
there may be some small purchases of office equipment and shop equipment as
required.

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 4T. 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

14

---

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, 2009, 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 January 14, 2009, we issued 200,000 units of unregistered
common stock, for $0.40 per unit, for total proceeds of $80,000. Each unit
consists of one share of common stock and one common stock warrant. One warrant
entitles the holder to purchase one additional common share at a price of $0.60
per share at any time until the close of business on January 14, 2011. We will
be paying a commission of 10% in shares upon the final closure of the Private
Placement. The units were issued to non-US residents outside the United States
in reliance upon the exemption from registration under Regulation S of the
Securities Act of 1933, as amended. This issuance qualified for exemption from
registration because (i) the securities were sold to non-U.S. investors in an
offshore transaction (as defined under Regulation S); (ii) the Company did not
use any directed selling efforts (as defined under Regulation S) in the United
States; (iii) offering restrictions (as defined under Regulation S) were
implemented by the Company; and (iv) the investors received and will receive
upon execution of any warrant restricted securities that include all
applicable legends and are subject to resale limitations in accordance with
Regulation S.

On March 16, 2009, we issued 100,000 units of unregistered
common stock, for $0.40 per unit, for total proceeds of $40,000. Each unit
consists of one share of common stock and one common stock warrant. One warrant
entitles the holder to purchase one additional common share at a price of $0.60
per share at any time until the close of business on March 16, 2011. We will be
paying a commission of 10% in shares upon the final closure of the Private
Placement. The units were issued to non-US residents outside the United States
in reliance upon the exemption from registration under Regulation S of the
Securities Act of 1933, as amended. This issuance qualified for exemption from
registration because (i) the securities were sold to non-U.S. investors in an
offshore transaction (as defined under Regulation S); (ii) the Company did not
use any directed selling efforts (as defined under Regulation S) in the United
States; (iii) offering restrictions (as defined under Regulation S) were
implemented by the Company; and (iv) the investors received and will receive
upon execution of any warrant restricted securities that include all
applicable legends and are subject to resale limitations in accordance with
Regulation S.

During the three months ended March 31, 2009, the Company
issued 300,000 shares of common stock valued at $99,900. These shares were
issued for consulting fees at values ranging from $0.3285 to $0.342 per share.
The shares were issued to the consultants as private transactions under Section
4(2) of the Securities Act.

In February 2009, we received funds for 250,000 units, at a
price of $0.40 per unit, for total proceeds of $100,000. Each unit consists of
one share of common stock and one common stock warrant. One warrant entitles the
holder to purchase one additional common share at a price of $0.60 per share at
any time until the second anniversary. The units were issued to non-US residents
outside the United States in reliance upon the exemption from registration under
Regulation S of the Securities Act of 1933, as amended. This issuance qualified
for exemption from registration because (i) the securities were sold to non-U.S.
investors in an offshore transaction (as defined under Regulation S); (ii) the
Company did not use any directed selling efforts (as defined under Regulation S)
in the United States; (iii) offering restrictions (as defined under Regulation
S) were implemented by the Company; and (iv) the investors received and will
receive upon execution of any warrant restricted securities that include all
applicable legends and are subject to resale limitations in accordance with
Regulation S.

In April 2009, we received funds for 375,000 units, at a price
of $0.40 per unit, for total proceeds of $150,000. Each unit consists of one
share of common stock and one common stock warrant. One warrant entitles the
holder to purchase one additional common share at a price of $0.60 per share at
any time until the second anniversary. The units were issued to non-US residents
outside the United States in reliance upon the exemption from registration under
Regulation S of the Securities Act of 1933, as amended. This issuance qualified
for exemption from registration because (i) the securities were sold to non-U.S.
investors in an offshore transaction (as defined under Regulation S); (ii) the
Company did not use any directed selling efforts (as defined under Regulation S)
in the United States; (iii) offering restrictions (as defined under Regulation
S) were

15

---

implemented by the Company; and (iv) the investors received and
will receive upon execution of any warrant restricted securities that include
all applicable legends and are subject to resale limitations in accordance with
Regulation S.

Unless otherwise indicated, no commissions were paid for these
transactions.

ITEM 5. OTHER INFORMATION

Effective May 14, 2009, Mr. John Anderson announced his
resignation as Secretary  Treasurer and as a Director of Wescorp Energy Inc.
(the "Company"). His resignation was not due to a disagreement with the Company
on any matter relating to the Company's operations, policies, or practices.

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.)                                                                                                    
|        |                                                                                                                                                                                                                                                                                                                                                                           
|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,                                                                                                                                  

16

---

|     | 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.)                                                                                     
|     |                                                                                                                                                                                                                                                                                                                                    
|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                                                                                               

17

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|        | 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.)                  
|        |                                                                                                                                                                                                                                                                                          
|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    | Letter Agreement,
        dated as of November 22, 2006, between the Company and Jack Huber (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.)                                   
|        |                                                                                                                                                                                                                                                                                          
|10.7 ** | 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.)                                                                                                           
|        |                                                                                                                                                                                                                                                                                          
|10.8 ** | Consulting Agreement
        dated as of September 1, 2007 between the Company and Steve Cowper (Incorporated
        by reference to Form 8-K filed on September 21, 2007.)                                                                                                             
|        |                                                                                                                                                                                                                                                                                          
|10.9    | 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.)                                            
|        |                                                                                                                                                                                                                                                                                          
|10.10   | September 13,
        2007 Letter Agreement between the Company and Jack Huber regarding the
        retirement of certain debt. (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.)
|        |                                                                                                                                                                                                                                                                                          
|10.11   | December 19,
        2007 Letter Agreement between the Company and Jack Huber regarding the
        retirement of certain debt. (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 Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley
        Act of 2002                                                                                                                                                                       
|        |                                                                                                                                                                                                                                                                                          
|32.1*   | Certification
        of Chief Executive Officer and Chief 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.

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 15, 2009 | By: /s/ Douglas Biles        
|                   | Douglas Biles                
|                   | Chief Executive Officer      
|                   | (Principal Executive Officer)
|                   |                              
|Date: May 15, 2009 | By: /s / Terry Mereniuk      

18

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Terry Mereniuk Chief Financial
Officer (Principal Financial and Accounting Officer)

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.)                                                                                            

19

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|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.)                                                                                     
|     |                                                                                                                                                                                                                                                                                                                                    
|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.)                                                                  

20

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|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    | Letter Agreement, dated as of November
      22, 2006, between the Company and Jack Huber (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.)                           
|        |                                                                                                                                                                                                                                                                            
|10.7 ** | 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.)                                                                                                 
|        |                                                                                                                                                                                                                                                                            
|10.8 ** | Consulting Agreement dated as of
      September 1, 2007 between the Company and Steve Cowper (Incorporated by
      reference to Form 8-K filed on September 21, 2007.)                                                                                                   
|        |                                                                                                                                                                                                                                                                            
|10.9    | 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.)                                    
|        |                                                                                                                                                                                                                                                                            
|10.10   | September 13, 2007 Letter Agreement
      between the Company and Jack Huber regarding the retirement of certain debt.
      (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.)
|        |                                                                                                                                                                                                                                                                            
|10.11   | December 19, 2007 Letter Agreement
      between the Company and Jack Huber regarding the retirement of certain debt.
      (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 Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley
      Act of 2002                                                                                                                                                             
|        |                                                                                                                                                                                                                                                                            
|32.1*   | Certification
      of Chief Executive Officer and Chief 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.

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