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| x | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934:For the quarterly period ended March 31, 2011 |
|---|---------------------------------------------------------------------------------------------------------------------------------|

| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934:For the transition period from ____to____ |
|---|------------------------------------------------------------------------------------------------------------------------------------|

| Nevada                                                        | 27-2304001                          |
|---------------------------------------------------------------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification No.) |

| 9190 Double Diamond Parkway, Reno, NV, 89521        |
|-----------------------------------------------------|
| (Address of principal executive offices) (Zip Code) |

| (888) 542-7720                                             |
|------------------------------------------------------------|
| (Registrant’s telephone number, including area code) |
|                                                       |   |

| Large accelerated filer                                         | o |                                          | Accelerated filer         | o |
|-----------------------------------------------------------------|---|-----------------------------------------------|---------------------------|---|
| Non-accelerated filer        | o | (Do not check if a smaller reporting company) | Smaller reporting company | x |

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| Balance Sheets                                      | 3  |
|-----------------------------------------------------|---------|
| Statement of Operations                        | 4       |
| Statement of Changes in Stockholder's Deficit  | 5       |
| Statement of Cash Flows                        | 6       |
| Notes to Financial Statements                  | 7       |

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LJM ENERGY CORP.

|                            |   | March 31,   |    |   |     |   |
|---------------------------------|--------|-------------|---------|--------|----------|--------|
|                            |   | 2011        |    |   | June 30, |   |
|                            |   | (Unaudited) |    |   | 2010     |   |
|                            |   |        |    |   |     |   |
| Current assets                  |   |        |    |   |     |   |
| Cash                            |   | $           | 212,687 |   |     | $      | 7,983 |   |
|                            |   |        |    |   |     |   |   |   |
| Total current assets            |   |        | 212,687 |   |     |   | 7,983 |   |
|                            |   |        |    |   |     |   |   |   |
| Investment in Magnolia Prospect |   |        | 18,266  |   |     |   | 18,266 |   |
|                            |   |        |    |   |     |   |   |   |
| Total assets                    |   | $           | 230,953 |   |     | $      | 26,249 |   |

| Current liabilities                                                                                                               |   |   |         |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------|--------|--------|--------|
| Accounts payable and accrued expenses                                                                                             |   | $      | 58,915       |   |   | $      | 3,132 |   |
| Loans from stockholders                                                                                                           |   |   | 30,000       |   |   |   | 30,000 |   |
|                                                                                                                              |   |   |         |   |   |   |   |   |
| Total current liabilities                                                                                                         |   |   | 88,915       |   |   |   | 33,312 |   |
|                                                                                                                              |   |   |         |   |   |   |   |   |
| Stockholders’ deficit                                                                                                       |   |   |         |   |   |   |   |   |
| Preferred stock, $.001 par value; 5,000,000 shares authorized, no shares issued and outstanding                                   |   |   | -            |   |   |   | - |   |
| Common stock, $.001 par value; 105,000,000 shares authorized, 5,133,570 and 3,000,000 shares issued and outstanding, respectively |   |   |   5,134 |   |   |   |   3,000 |   |
| Additional paid-in capital                                                                                                        |   |   | 215,123      |   |   |   | 1,200 |   |
| Deficit accumulated during the exploration stage                                                                                  |   |   | (78,219      | )      |   |   | (11,083 | ) |
|                                                                                                                              |   |   |         |   |   |   |   |   |
| Total stockholders’ deficit                                                                                                 |   |   | 142,038      |   |   |   | (6,883 | ) |
|                                                                                                                              |   |   |         |   |   |   |   |   |
| Total liabilities and stockholders’ deficit                                                                                 |   | $      | 230,953      |   |   | $      | 26,249 |   |

----

LJM ENERGY CORP.

|                                                                         |   |           |      |   |           |   |      | From Inception   |   |   | From Inception   |   |
|------------------------------------------------------------------------------|--------|----------------|-----------|--------|----------------|--------|-----------|------------------|--------|--------|------------------|--------|
|                                                                         |   | For the Three  |      |   | For the Nine   |   |      | (March 10, 2010) |   |   | (March 10, 2010) |   |
|                                                                         |   | Months Ended   |      |   | Months Ended   |   |      | Through          |   |   | Through          |   |
|                                                                         |   | March 31, 2011 |      |   | March 31, 2011 |   |      | March 31, 2010   |   |   | March 31, 2011   |   |
|                                                                         |   |           |      |   |           |   |      |             |   |   |             |   |
|  Net revenue                                                            |   | $              | -         |   |           | $      | -         |             |   | $      | -                |   |   | $ | - |   |
|                                                                         |   |           |      |   |           |   |      |             |   |   |             |   |   |   |   |   |
| Operating expenses                                                           |   |           |      |   |           |   |      |             |   |   |             |   |   |   |   |   |
|    General and administrative                                 |   |           | 21,746    |   |           |   | 64,884    |             |   |   | 3,325            |   |   |   | 75,211 |   |
|                                                                         |   |           |      |   |           |   |      |             |   |   |             |   |   |   |   |   |
| Total operating expenses                                                     |   |           | 21,746    |   |           |   | 64,884    |             |   |   | 3,325            |   |   |   | 75,211 |   |
|                                                                         |   |           |      |   |           |   |      |             |   |   |             |   |   |   |   |   |
| Loss from operations                                                         |   |           | (21,746   | )      |           |   | (64,884   | )                |   |   | (3,325           | )      |   |   | (75,211 | ) |
|                                                                         |   |           |      |   |           |   |      |             |   |   |             |   |   |   |   |   |
| Interest expense                                                             |   |           | (740      | )      |           |   | (2,252    | )                |   |   | (8               | )      |   |   | (3,008 | ) |
|                                                                         |   |           |      |   |           |   |      |             |   |   |             |   |   |   |   |   |
| Loss before income taxes                                                     |   |           | (22,486   | )      |           |   | (67,136   | )                |   |   | (3,333           | )      |   |   | (78,219 | ) |
|                                                                         |   |           |      |   |           |   |      |             |   |   |             |   |   |   |   |   |
| Provision for income taxes                                                   |   |           | -         |   |           |   | -         |             |   |   | -                |   |   |   | - |   |
|                                                                         |   |           |      |   |           |   |      |             |   |   |             |   |   |   |   |   |
|                                                                         |   |           |      |   |           |   |      |             |   |   |             |   |   |   |   |   |
| Net loss                                                                     |   | $              | (22,486   | )      |           | $      | (67,136   | )                |   | $      | (3,333           | )      |   | $ | (78,219 | ) |
|                                                                         |   |           |      |   |           |   |      |             |   |   |             |   |   |   |   |   |
|  Net loss per common share – basic and diluted                    |   | $              | (0.01     | )      |           | $      | (0.02     | )                |   | $      | (0.00            | )      |   | $ | (0.03 | ) |
|                                                                         |   |           |      |   |           |   |      |             |   |   |             |   |   |   |   |   |
| Weighted average of common   shares – basic and diluted |   |           | 3,071,119 |   |           |   | 3,023,360 |             |   |   | 3,000,000        |   |   |   | 3,008,810 |   |

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LJM ENERGY CORP.

|                                                                            |   |             |      |   |         |   |   | Deficit                   |   |   |                     |
|---------------------------------------------------------------------------------|--------|------------------|-----------|--------|--------------|--------|--------|---------------------------|--------|--------|--------------------------|
|                                                                            |   | Common Stock     |      |   |         |   |   | Accumulated               |   |   |                     |
|                                                                            |   | Number of Shares |      |   |  Amount |   |   | Additional Paid-InCapital |   |   | During Exploration Stage |   | Total Stockholders’ Equity (Deficit) |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |
| Balance, March 10, 2010                                                         |   |             | -         |   |         | $      | -      |                      |   | $      | -                        |   |   | $ | - |   |   | $ | - |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Issuance of common stock, March 11, 2010                                        |   |             | 3,000,000 |   |         |   | 3,000  |                      |   |   | -                        |   |   |   | - |   |   |   | 3,000 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Additional paid-in capital in exchange for facilities provided by related party |   |             | -         |   |         |   | -      |                      |   |   | 1,200                    |   |   |   | - |   |   |   | 1,200 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Net loss                                                                        |   |             | -         |   |         |   | -      |                      |   |   | -                        |   |   |   | (11,083 | ) |   |   | (11,083 | ) |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Balance, June 30, 2010                                                          |   |             | 3,000,000 |   |         |   | 3,000  |                      |   |   | 1,200                    |   |   |   | (11,083 | ) |   |   | (6,883 | ) |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Issuance of common stock, March 28, 2011                                        |   |             | 2,133,570 |   |         |   | 2,134  |                      |   |   | 211,223                  |   |   |   | - |   |   |   | 213,357 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Additional paid-in capital in exchange for facilities provided by related party |   |             | -         |   |         |   | -      |                      |   |   | 2,700                    |   |   |   | - |   |   |   | 2,700 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Net loss                                                                        |   |             | -         |   |         |   | -      |                      |   |   | -                        |   |   |   | (67,136 | ) |   |   | (67,136 | ) |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Balance, March 31, 2011                                                         |   |             | 5,133,570 |   |         | $      | 5,134  |                      |   | $      | 215,123                  |   |   | $ | (78,219 | ) |   | $ | 142,038 |   |

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LJM ENERGY CORP.

|                                                                            |   |           |    |   | From Inception   |   |    | From Inception   |   |
|---------------------------------------------------------------------------------|--------|----------------|---------|--------|------------------|--------|---------|------------------|--------|
|                                                                            |   | For the Nine   |    |   | (March 10, 2010) |   |    | (March 10, 2010) |   |
|                                                                            |   | Months Ended   |    |   | Through          |   |    | Through          |   |
|                                                                            |   | March 31, 2011 |    |   | March 31, 2011   |   |    | March 31, 2011   |   |
|                                                                            |   |           |    |   |             |   |    |             |   |
| Cash flows from operating activities                                            |   |           |    |   |             |   |    |             |   |
| Net loss                                                                        |   | $              | (67,136 | )      |             | $      | (3,333  | )                |   | $ | (78,219 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities      |   |           |    |   |             |   |    |             |   |   |   |   |
| Additional paid-in capital in exchange for facilities provided by related party |   |           | 2,700   |   |             |   | 300     |             |   |   | 3,900 |   |
| Common stock issued for services                                                |   |           | -       |   |             |   | 3,000   |             |   |   | 3,000 |   |
| Changes in operating assets and liabilities                                     |   |           |    |   |             |   |    |             |   |   |   |   |
| Increase in accounts payable and accrued  expenses                    |   |           | 55,783  |   |             |   | 8       |             |   |   | 58,915 |   |
|                                                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Net cash used in operating activities                                           |   |           | (8,653  | )      |             |   | (25     | )                |   |   | (12,404 | ) |
|                                                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Cash flows from investing activities                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Investment in Magnolia Prospect                                                 |   |           | -       |   |             |   | (18,266 | )                |   |   | (18,266 | ) |
|                                                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Net cash used by investing activities                                           |   |           | -       |   |             |   | -       |             |   |   | (18,266 | ) |
|                                                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Cash flows from financing activities                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Proceeds from issuance of common stock                                          |   |           | 213,357 |   |             |   | -       |             |   |   | 213,357 |   |
| Proceeds from issuance of stockholder loan                                      |   |           | -       |   |             |   | 30,000  |             |   |   | 30,000 |   |
|                                                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Net cash provided by financing activities                                       |   |           | 213,357 |   |             |   | 30,000  |             |   |   | 243,357 |   |
|                                                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Net increase (decrease)  in cash                                      |   |           | 204,704 |   |             |   | 11,709  |             |   |   | 212,687 |   |
|                                                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Cash, beginning of period                                                       |   |           | 7,983   |   |             |   | -       |             |   |   | - |   |
|                                                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Cash, end of period                                                             |   | $              | 212,687 |   |             | $      | 11,709  |             |   | $ | 212,687 |   |
|                                                                            |   |           |    |   |             |   |    |             |   |   |   |   |
|                                                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Supplemental disclosure of cash flow   information               |   |           |    |   |             |   |    |             |   |   |   |   |
| Income taxes paid                                                               |   | $              | -       |   |             | $      | -       |             |   | $ | - |   |
|                                                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Interest paid                                                                   |   | $              | -       |   |             | $      | -       |             |   | $ | - |   |
|                                                                            |   |           |    |   |             |   |    |             |   |   |   |   |
| Non-cash transactions                                                           |   |           |    |   |             |   |    |             |   |   |   |   |
|   Common stock for services                                           |   | $              | -       |   |             | $      | 3,000   |             |   | $ | 3,000 |   |

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LJM ENERGY CORP.

| 1.   | NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|----------------|---------------------------------------------------------------------|

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|   | Working interest, royalty and net profit interests are recognized as revenue when oil and gas is sold and collectibility is reasonably assured. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

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|   •   | Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. |
|----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   •   | Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. |
|----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   •   | Level 3 - Inputs that are both significant to the fair value measurement and unobservable. These inputs rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability. (The unobservable inputs are developed based on the best information available in the circumstances and may include the Company's own data.) |
|----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |                                        |   |  March 31, 2011 |   |
|--------|---------------------------------------------|--------|----------------------|--------|
|   |                                        |   | Level 1              |   |   | Level 2 |   |   | Level 3 |   |   | Total |   |
|   | Assets                                      |   |                 |   |   |   |   |   |   |   |   |   |   |
|   |   Investment in Magnolia Prospect |   | $                    | -      |   |   | $ | - |   |   | $ | 18,266 |   |   | $ | 18,266 |   |
|   | Liabilities                                 |   |                 | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |
|   |                                        |   | $                    | -      |   |   | $ | - |   |   | $ | 18,266 |   |   | $ | 18,266 |   |

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|   |                                 |   | 2011   |    |
|--------|--------------------------------------|--------|--------|---------|
|   |                                 |   |   |    |   |
|   | Federal net operating loss (@ 25%)   |   | $      | 42,000  |   |
|   | Less:  valuation allowance |   |   | (42,000 | ) |
|   |                                 |   |   |    |   |
|   | Net deferred tax asset               |   | $      | ---     |   |

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|   |   |
|--------|--------|

| 31 | Certification of Principal Executive and Financial Officer, pursuant to Rule 13a-14 and 15d-14 of the Securities Exchange Act of 1934 |
|----|--------------------------------------------------------------------------------------------------------------------------------------------|

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

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|         | LJM Energy Corp.,a Nevada corporation  |                                                                                                                        |
|--------------|---------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------|
|         |                                        |                                                                                                                        |   |
| May 13, 2011 | By:                                         | /s/ Joel Felix                                                                                                         |   |
|         |                                        | Joel FelixPresident, Secretary, Treasurer and a Director (Principal Executive, Financial and Accounting Officer)  |   |

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