================================================================================

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

                                   FORM 10-QSB


|X| Quarterly Report Pursuant To Section 13 or 15(d) Of The Securities Exchange
    Act Of 1934


                 For the quarterly period ended August 31, 2006


                        Commission File Number 333-118138

                              QUANTUM ENERGY, INC.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

            Nevada                                       98-0428608
-----------------------------------        ------------------------------------
   (State or other jurisdiction of         (I.R.S. Employer Identification No.)
    incorporation or organization)


              29 - 3800 Pinnacle Way
 Gallaghers Canyon, Kelowna, British Columbia, Canada                V1W 3Z8
 -----------------------------------------------------               -------
              (Address of principal executive offices)              (Zip Code)


                                 250 - 809 -9185
                            -------------------------
                            Issuer's telephone number

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. [X] Yes [ ]No

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

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest  practicable  date: As of October 12, 2006,  47,000,000
shares of common stock of the issuer were issued and outstanding.


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

<page>


                         PART 1 - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS








                               QUANTUM ENERGY INC.

                  (formerly Boomers' Cultural Development Inc.)

                          (A Development Stage Company)

                              FINANCIAL STATEMENTS

                                 August 31, 2006

                             (Stated in US Dollars)









<page>


                             SEE ACCOMPANYING NOTES

                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                                 BALANCE SHEETS
                             (Stated in US Dollars)


<table>
<caption>
                                                                                August 31,          February 28,
                                                     ASSETS                       2006                  2006
                                                     ------                       ----                  ----
                                                                             ( Unaudited)

                                                                          <c>                  <c>
Current
     Cash and cash equivalents                                              $           47,395   $            1,016
     Accounts receivable                                                                 3,036                    -
                                                                            ------------------   ------------------
          Total Current Assets                                                          50,431                1,016
Capital Assets                                                                         121,663                3,846
Website Development                                                                     11,659                1,333
Oil and Gas Properties                                                               3,033,625                    -
                                                                            ------------------   ------------------

                                                                            $        3,217,378   $            6,195
                                                                            ==================   ==================

                                                 LIABILITIES
                                                 -----------
Current
    Accounts payable and accrued liabilities                                $          133,899   $            4,703
     Promissory notes payable                                                        1,594,760                    -
    Due to related party                                                                     -                5,000
                                                                            ------------------   ------------------

            Total Liabilities                                                        1,728,659                9,703
                                                                            ------------------   ------------------

                                       STOCKHOLDERS' EQUITY (DEFICIT)
                                       ------------------------------
Common stock
    Authorized:
            75,000,000  common stock, $0.001 par value
    Issued and outstanding:
            47,000,000  and 45,500,000 common shares, respectively                      47,000               45,500
Additional paid-in capital                                                           1,685,913               40,500
Deficit accumulated during the development stage                                      (244,194)             (89,508)
                                                                            ------------------   ------------------

                                                                                     1,488,719               (3,508)
                                                                            ------------------   -------------------

                                                                            $        3,217,378   $            6,195
                                                                            ==================   ==================
</table>

                             SEE ACCOMPANYING NOTES

<page>

                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
         for the three and six months ended August 31, 2006 and 2005 and
   for the period February 4, 2004 (Date of Incorporation) to August 31, 2006
                             (Stated in US Dollars)

<table>
<caption>
                                    Three months ended                          Six months ended                February 4, 2004
                                         August 31,                                 August 31,                   To August 31,
                         ----------------------------------------------------------------------------------------------------------
                                   2006               2005                 2006                    2005                     2006
                                   ----               ----                 ----                    ----                     ----
                             ( Unaudited)       ( Unaudited)         ( Unaudited)            ( Unaudited)

                         <c>                 <c>               <c>                   <c>                       <c>
Royalty income           $           10,879   $             -   $            10,879   $                 -      $            10,879
                         ------------------   ---------------   -------------------   -------------------      -------------------
   Total Income                      10,879                 -                10,879                     -                   10,879

Operating Expenses
Amortization                         10,825               622                11,447                 1,196                   12,330
Management fees                      15,000                 -                15,000                     -                   15,000
Marketing                             4,041             9,482                 4,041                14,470                   31,068
Office and administration            41,908             2,931                42,348                 6,621                   57,374
Professional fees                    87,465            23,820                92,993                26,823                  139,565
Royalty costs                         9,270                -                 9,270                     -                     9,270
                          -----------------   ---------------   -------------------   -------------------      -------------------
    Total Operating Expenses        168,509            36,855               175,099                49,110                  264,607
                          -----------------   ---------------   -------------------   -------------------      -------------------


 Net loss before other items       (157,630)          (36,855)             (164,220)              (49,110)                (253,728)

 Other Items
    Other income                      9,534                 -                 9,534                     -                    9,534
                          -----------------   ----------------   -------------------   -------------------      -------------------

 Net loss for the period $         (148,096)  $       (36,855)  $          (154,686)  $           (49,110)     $          (244,194)
                          ==================  ================   ===================   ===================      ===================

 Basic and diluted
 loss per share          $            (0.00)  $         (0.00)  $            (0.00)  $             (0.00)
                          ==================  ================   ===================   ===================
 Weighted average number
of shares outstanding            47,000,000        45,500,000            46,250,000            45,500,000
                          ==================  ================   ===================   ===================
</table>




                             SEE ACCOMPANYING NOTES

<page>

                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                for the six months ended August 31, 2006 and 2005
           and for the period February 4, 2004 (Date of Incorporation)
                               to August 31, 2006
                             (Stated in US Dollars)

<table>
<caption>
                                                                                                            February 4, 2004
                                                                              Six months ended                (Inception) to
                                                                                  August 31,                    to August 31,
                                                                         2006                 2005                  2006
                                                                         ----                 ----                  ----
                                                                     ( Unaudited)         ( Unaudited)

                                                                  <c>                 <c>                    <c>
Operating Activities
    Net loss for the period from continued operations             $         (154,686)  $          (49,110)   $         (244,194)
    Change in non-cash working capital balance
     related to  operations
        Amortization                                                          11,447                1,194                12,330
        Accounts receivable                                                   (3,036)                   -                (3,036)
      Accounts payable and accrued liabilities                                29,196                2,177                33,899
                                                                   ------------------   ------------------    ------------------

Cash used in operating activities                                           (117,079)             (45,739)             (201,001)
                                                                   ------------------   ------------------    ------------------

Investing Activities
    Acquisition of capital assets                                                  -               (3,629)               (5,062)
    Acquisition of oil and gas properties                                   (385,000)                   -              (385,000)
    Acquisition of other assets                                              (11,592)                   -               (12,592)
                                                                   ------------------   ------------------    ------------------

Cash used in investing activities                                           (396,592)              (3,629)             (402,654)
                                                                   ------------------   -------------------   ------------------

Financing activities
    Sale of common stock for cash                                                  -                    -                86,000
    Issuance of promissory notes payable                                     565,050                    -               565,050
    Due to related party                                                      (5,000)                   -                     -
                                                                  -------------------  ------------------    ------------------

Cash used in financing activities                                            560,050                    -               651,050
                                                                   ------------------   ------------------    ------------------

Increase (decrease) in cash during the period                                 46,379              (49,368)               47,395

Cash, beginning of the period                                                  1,016               61,722                     -
                                                                   ------------------   ------------------    ------------------

Cash, end of the period                                           $           47,395   $           12,354    $           47,395
                                                                   ==================   ==================    ==================
</table>

                             SEE ACCOMPANYING NOTES

<page>



                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                       STATEMENTS OF CASH FLOWS-CONTINUED
                for the six months ended August 31, 2006 and 2005
           and for the period February 4, 2004 (Date of Incorporation)
                               to August 31, 2006
                              (Stated in US Dollars

<table>
<caption>
                                                                 Six months ended              February 4, 2004
                                                                    August 31,
                                                                                                   to August 31,
                                                             2006                 2005                  2006
                                                             ----                 ----                  ----
                                                         ( Unaudited)         ( Unaudited)

                                                     <c>                   <c>                   <c>
Non-Cash Transactions
    Acquisition of capital assets                     $          (127,998)  $                -    $         (127,998)
    Acquisition of oil and gas properties                      (2,648,625)                   -            (2,648,625)
    Issuance of common stock                                        1,500                    -                 1,500
    Issuance of promissory notes payable                        1,029,710                    -             1,029,710
    Accounts payable and accrued expenses                         100,000                    -               100,000
    Additional paid-in capital                                  1,645,413                    -             1,645,413
                                                       ------------------   ------------------    ------------------

                                                      $                 -   $                -     $               -
                                                       ==================   ==================    ==================
</table>













                             SEE ACCOMPANYING NOTES

<page>

                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                     STATEMENT OF STOCKHOLDERS' DEFICIT for
     the period February 4, 2004 (Date of Incorporation) to August 31, 2006
                             (Stated in US Dollars)

<table>
<caption>
                                                                                        Deficit
                                                                                      Accumulated
                                                                                      During the
                                               Common Shares            Paid-in       Development
                                       ------------------------------
                                          Number        Par Value       Capital          Stage           Total
                                          ------        ---------       -------          -----           -----

                                       <c>           <c>             <c>             <c>             <c>
Capital stock issued for cash:
February 12, 2004      - at $0.001        20,000,000 $       20,000  $      (18,000)$            -  $        2,000
February 27, 2004      - at $0.001        19,000,000         19,000               -              -          19,000
Net loss for the period                            -              -               -         (2,236)         (2,236)
                                       ------------- --------------  -------------- --------------- ---------------

Balance February 2004                     39,000,000         39,000         (18,000)        (2,236)         18,764

Capital stock issued for cash:
December, 2004 - at $0.01                  6,500,000          6,500          58,500              -          65,000
Net loss for the year                              -              -               -        (21,197)        (21,197)
                                       ------------- --------------  -------------- --------------- ---------------

Balance February 2005                     45,500,000         45,500          40,500        (23,433)         62,567

Net loss for the year                              -              -               -        (66,075)        (66,075)
                                       ------------- --------------  -------------- --------------- ---------------

Balance February 2006                     45,500,000         45,500          40,500        (89,508)         (3,508)

Koko Petroleum Acquisition                 1,500,000          1,500       1,645,413              -       1,646,913
Net loss for the period                            -              -                       (154,686)       (154,686)
                                       ------------- --------------  -------------- --------------- ---------------

Balance August 31, 2006                   47,000,000 $       47,000  $    1,685,913 $     (244,194) $   (1,488,719)
                                       ============= ==============  ============== ==============  ===============
</table>





                             SEE ACCOMPANYING NOTES

<page>


                               QUANTUM ENERGY INC.
                  formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                 August 31, 2006
                             (Stated in US Dollars)
                                   (Unaudited)


Note 1        Basis of Presentation of Interim Financial Statements
              -----------------------------------------------------

              While  the  information  presented  in  the  accompanying  interim
              three-month  and six month financial  statements is unaudited,  it
              includes all adjustments  which are, in the opinion of management,
              necessary to present  fairly the  financial  position,  results of
              operations  and cash flows for the interim period  presented.  All
              adjustments are of a normal recurring nature.  Except as disclosed
              below,   these  interim  financial   statements  follow  the  same
              accounting  policies and methods of their  application  as Quantum
              Energy,  Inc.'s ("the Company's") audited February 28, 2006 annual
              financial statements.

              The results of operations  for the  six-month  period ended August
              31,  2006,  are not  necessarily  indicative  of the results to be
              expected for the year ending February 28, 2007.

              These unaudited  interim  financial  statements  should be read in
              conjunction   with  the  February   28,  2006  audited   financial
              statements of the Company.

Note 2        Nature and Continuance of Operations
              ------------------------------------

              a)       Organization

              The Company was incorporated in the State of Nevada, United States
              of  America,  on  February  5, 2004.  The name of the  Company was
              changed from Boomers  Cultural  Development Inc. to Quantum Energy
              Inc on May 18, 2006

              b)       Development Stage Activities

              The Company is in the development  stage and has acquired  various
              working  interests  in six  oil and gas  projects  located  in the
              Corsican  and  Barnett  Shale oil  fields in Texas.  The  drilling
              activity carried on by the companies at the present is development
              drilling. There are no exploratory wells. Several of the wells are
              now in  production  and in the past  quarter the Company  realized
              some  revenues  from  its  operations.  The  Company  under  prior
              management  was  intending  to  establish  itself as a provider of
              personally guided tours for visitors to British Columbia,  Canada.
              The Company no longer intends to continue with this venture.


<page>


                               QUANTUM ENERGY INC.
                  formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                 August 31, 2006
                             (Stated in US Dollars)
                                   (Unaudited)

Note 2        Nature and Continuance of Operations (continued)
              ------------------------------------------------

              c)  Going Concern

              The accompanying  financial statements have been prepared assuming
              the Company  will  continue as a going  concern.  As of August 31,
              2006 the Company has not yet attained  profitable  operations  and
              has accumulated losses of $244,194 since inception.  The future of
              the Company is dependent upon its ability to obtain  financing and
              upon future  profitable  operations  from the development of their
              interest in the oil and gas projects and to repay its  liabilities
              arising from normal business  operations when they come due. These
              financial  statements do not include any adjustments to the amount
              and classification of assets and liabilities that may be necessary
              should the Company be unable to continue as a going concern.

Note 3        Significant Accounting Policies
              -------------------------------

              The  financial  statements  of the Company  have been  prepared in
              accordance with generally  accepted  accounting  principles in the
              United States of America.  Because a precise determination of many
              assets and  liabilities  is  dependent  upon  future  events,  the
              preparation  of  financial  statements  for a  period  necessarily
              involves the use of estimates,  which have been made using careful
              judgment. Actual results may vary from these estimates.

              The financial  statements  have,  in  management's  opinion,  been
              properly  prepared  within  reasonable  limits of materiality  and
              within  the  framework  of  the  significant  accounting  policies
              summarized below:

               a)       Cash and Cash Equivalents

              For purposes of the balance sheet and the statement of cash flows,
              the Company considers all highly liquid debt instruments purchased
              with maturity of three months or less to be cash  equivalents.  As
              at August 31, 2006, the Company had no cash equivalents.

              b)       Foreign Currency Translation

              The  Company's  functional  currency  is the  U.S.  dollar.
              Transactions  in Canadian dollars are translated into U.S. dollars
              as follows:

              i)     monetary items at the rate prevailing at the balance sheet
                     date;
              ii)    non monetary items at the historical exchange rate
              iii)   revenue and expenses at the average rate in effect during
                     the period

              Gains and losses are recorded in the statement of operations.

<page>

                               QUANTUM ENERGY INC.
                  formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                 August 31, 2006
                             (Stated in US Dollars)
                                   (Unaudited)

Note 3        Significant Accounting Policies (continued)
              -------------------------------------------

              c)       Capital Assets

              Capital  assets are  recorded  at cost.  Amortization  of computer
              equipment is at a rate of 30% per annum, on a straight-line basis.
              Amortization of office equipment is at a rate of 20% per annum, on
              a  straight-line  basis.  Amortization  of other equipment is at a
              rate of 20% per annum, on a straight-line basis.

              d)       Website Development Costs

              Website  development costs represent  capitalized costs of design,
              configuration,  coding,  installation and testing of the Company's
              web-site  up to its  initial  implementation.  The  asset is being
              amortized over its estimated  useful life of three years using the
              straight-line  method.  Ongoing website  maintenance costs will be
              expensed as incurred.

              e)       Basic and Diluted Loss Per Share

              In accordance with SFAS No. 128 - "Earnings per Share",  the basic
              loss per common share is computed by dividing  net loss  available
              to common  stockholders  by the weighted  average number of common
              shares  outstanding.  Diluted  loss per common  share is  computed
              similar to basic loss per common share except that the denominator
              is increased  to include the number of  additional  common  shares
              that would have been  outstanding  if the potential  common shares
              had been issued and if the additional common shares were dilutive.
              At August 31, 2006, the Company had no stock equivalents that were
              anti-dilutive and excluded in the earnings per share computation.

              f)       Financial Instruments

              The  carrying  value  of  the  Company's   financial   instruments
              consisting  of cash and accounts  payable and accrued  liabilities
              approximate  their fair value due to the short  term  maturity  of
              such  instruments.  Unless  otherwise  noted,  it is  management's
              opinion that the Company is not exposed to  significant  interest,
              currency or credit risks arising from these financial statements.

              g)       New Accounting Standards

              Management does not believe that any recently issued,  but not yet
              effective,  accounting standards, if currently adopted, could have
              a material effect on the accompanying financial statements.

<page>


                               QUANTUM ENERGY INC.
                  formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                 August 31, 2006
                             (Stated in US Dollars)
                                   (Unaudited)



Note 4        Capital Assets
              --------------
<table>
<caption>
                                                   Cost        Accumulated      Net Book     Net Book February
                                                               Amortization    August 2006          2006
              
                               <c>             <c>             <c>               <c>
              Office equipment                    $ 3,629        $ 1,028         $ 2,601          $ 2,965
              Computer equipment                    1,433            769             664              881
              Equipment                           127,998          9,600          18,398                -

                                              ------------------------------------------------------------------
                                                 $ 133,060       $ 11,397       $ 21,663          $ 3,846
                                              ------------------------------------------------------------------
</table>

Note 5        Website Development
              -------------------
<table>
<caption>
                                                   Cost        Accumulated      Net Book     Net Book February
                                                               Amortization    August 2006          2006
              
                                 <c>             <c>           <c>               <c>
              Website development                $ 12,591         $ 932         $ 11,659          $ 1,333

                                              ------------------------------------------------------------------
                                                 $ 12,591         $ 932         $ 11,659          $ 1,333
                                              ------------------------------------------------------------------
</table>


Note 6        Oil and Gas Properties
              ----------------------

              Corsicana Field - JMT Pilot Project

              On October 11, 2005,  KOKO  ("KOKO")  Petroleum,  whose assets and
              liabilities  were  acquired  and assumed by the Company on May 31,
              2006 (KOKO Purchase Agreement), signed a letter of intent with JMT
              Resources Ltd.  ("JMT"),  a majority owner and operator of certain
              oil and gas leases,  comprising 4,000 acres of mineral  leasehold,
              located in  Corsicana,  Navarro  County,  Texas.  KOKO provided an
              initial  equity  contribution  of  $602,300  during the year ended
              2005.  KOKO  contributed a further  $150,000 on May 23, 2006 which
              brings its joint venture partnership interest to 25%.

<page>


                               QUANTUM ENERGY INC.
                  formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                 August 31, 2006
                             (Stated in US Dollars)
                                   (Unaudited)

Note 6        Oil and Gas Properties (continued)
              ----------------------------------

              Boyd #1, Barnett Shale Project, Texas

              On September 20, 2005, by letter of agreement with REO Energy Ltd.
              ("REO")  for  $140,000  KOKO  acquired  a  10%  undivided  working
              interest in and to a lease known as Boyd #1, Barnett Shale Project
              in Cooke  County,  Texas,  containing  approximately  40 acres and
              burdened  by  a  total  of  25%  royalty  and  overriding  royalty
              interest.  The  undivided  10%  working  interest  is subject to a
              pro-rata  share of the royalty  and  overriding  royalty  interest
              equal to a 7.5% net revenue. The operator of record is Rife Energy
              Operating Inc. A standard  operating  lease governs the day to day
              operations.

              Inglish #2, Barnett Shale Project, Texas

              On October 20, 2005,  by letter of agreement  with REO Energy Ltd.
              ("REO")  for  $140,000  KOKO  acquired  a  10%  undivided  working
              interest  in and to a lease  known as Inglish  #2,  Barnett  Shale
              Project in Cooke County, Texas, containing  approximately 40 acres
              and  burdened  by a total of 25% royalty  and  overriding  royalty
              interest.  The  undivided  10%  working  interest  is subject to a
              pro-rata  share of the royalty  and  overriding  royalty  interest
              equal to a 7.5% net revenue. The operator of record is RIFE Energy
              Operating Inc. A standard  operating  lease governs the day to day
              operations.  This well was drilled in December  2005 and is now in
              production   producing   approximately   22  barrels  of  oil  and
              120,000,000 cubic feet of natural gas per day.


              McKinney 1-B, 2-B and Blackburn 1-C, Corsicana Field, Navarro
              County, Texas

              In 2004 KOKO entered into an informal participation agreement with
              Armen Energy LLC ("Armen"),  whereby the Company would participate
              with Armen in the  exploration  and  production  of 1,000 acres of
              held by production leases in the Corsicana Field.  Navarro County,
              Texas.  KOKO, for nominal initial  consideration,  was assigned an
              undivided 45% working interest in these leases after completion of
              well drilling, including a 37% net revenue interest.

              Corsicana Seismic Project

              KOKO has also  acquired a 23.5%  working  interest  in lands under
              lease by JMT Resources and Rife Energy Operating Inc. and referred
              to as the Corsicana Field - JMT Project.  The Company's  geologist
              believes  there  are   substantial   potentials  for  deeper  zone
              discoveries in this project. At present, only the Nacatoch zone is
              being  produced  at 900  feet.  This  area  is  known  to  possess
              significant  oil  bearing  structures  or traps in the Pecan  Gap,
              Woodbine,  Wolf City,  Cotton Valley and Smackover  down to 11,000
              feet.

<page>

                               QUANTUM ENERGY INC.
                  formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                 August 31, 2006
                             (Stated in US Dollars)
                                   (Unaudited)

Note 6        Oil and Gas Properties (continued)
              ----------------------------------

              The  purpose of the 3  dimensional  seismic is to "shoot"  seismic
              lines  over the 8 square  miles  which  upon  interpretation  will
              identify  the  existence  of potential  traps for  exploratory  or
              development  drilling  in  one or  more  of  the  above  mentioned
              reservoirs.  Total cost to shoot is  approximately  $500,000.  The
              Company has paid $100,000 towards 50% of the cost and will pay the
              next $150,000 upon seismic completion.

              Inglish #1H - Barnett Shale Project

              KOKO has  acquired  a 5%  working  interest  in this  project  for
              $135,000.  This is the first horizontal well drilled by REO Energy
              Ltd. (the operator) in the Barnett Shale.  All previous wells were
              vertical  wells.   Total  cost  of  this  well  is   approximately
              $2,700,000.  The well has been  drilled,  completed  and is now in
              production. The well has produced for approximately 13 days and to
              date has produced in excess of 2,000  barrels of oil and 4,000,000
              cubic feet of natural gas.

Note 7        Promissory Notes Payable
              ------------------------

              In accordance  with the KOKO Purchase  Agreement,  the Company has
              accepted   financing  for  $1,594,760  due  on  demand,   interest
              compounded annually at 4%. At any time the Company may pay off all
              or any part of the  principal  that remains  unpaid  together with
              applicable  interest.  These promissory notes are not secured, and
              have no  defined  terms of  repayment.  Interest  in the amount of
              $39,714 has been accrued to August 31, 2006 on these notes.

Note 8        Common Stock
              ------------

              In  the  period  ended  February  29,  2004,  the  Company  issued
              20,000,000  common shares at a price of $0.001 per share for total
              gross proceeds of $2,000 and  19,000,000  common shares at a price
              of $0.001 per share for total gross proceeds of $19,000.

              In the year ended February 28, 2005, the Company issued  6,500,000
              common  shares  at a price of $0.01  per  share  for  total  gross
              proceeds of $65,000.

              Effective  August 26, 2005, the Board of Directors  authorized a 1
              for 10 stock split of the Company's  issued common stock.  One (1)
              old  issued  common  share was  split  into 10 new  issued  common
              shares. All references in the accompanying financial statements to
              the number of common  shares  have been  restated  to reflect  the
              stock split.  The  authorized  number of common shares  remains at
              75,000,000 common shares with a par value of $0.001.

<page>


                               QUANTUM ENERGY INC.
                  formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                 August 31, 2006
                             (Stated in US Dollars)
                                   (Unaudited)

Note 8        Common Stock (continued)
              ------------------------

              In the period ended August 31, 2006, the Company issued  1,500,000
              common  shares at a price of $.001  pursuant to the Koko  Purchase
              Agreement.


Note 9        Subsequent Events
              -----------------

              On  September  1,  2006,  the  Company  signed  an Asset  Purchase
              Agreement (the  "Agreements")  with a public Company in the United
              States. The Agreements provides for the purchase of certain assets
              including interests in oil and gas projects in the State of Texas.
              In consideration for the purchase of the assets the Company agreed
              to pay, by way of Promissory Note, $400,000. The note requires the
              Company  repay the  principal  sum on or before  November 1, 2006.
              There is no provision for interest to be charged.

<page>

ITEM 2. MANAGEMENT DISCUSSSION AND ANALYSIS OR PLAN OF OPERATION


Overview
Quantum Energy Inc. (referred to as "Quantum" or the "Company") was incorporated
on February 5, 2004, in the State of Nevada. The Company's  principal  executive
offices now are located at 29 - 3800 Gallagers Canyon,  Kelowna, BC V1W 3Z8. The
Company's telephone number is (250) 809-9185.

Starting in May of 2006 the Company  decided to embark on a new business path in
oil and gas  exploration  and  acquisitions.  The  Company  intends  to  acquire
interests in the  properties and working  interests in the  production  owned by
established  oil and gas production  companies,  whether  public or private,  in
United States oil producing  areas.  The Company  believes this  opportunity may
have considerable future potential.

On May 19, 2006, the Company entered into an Asset Purchase  Agreement with KOKO
Petroleum,  Inc.,  purchasing  oil and gas assets in Texas,  USA,  which include
three producing  wells and 10% working  interests in two additional  wells.  The
transaction  was closed this quarter.  Ted Kozub,  the Company's chief executive
officer and a director, is also the president and a director of KOKO Petroleum.

On September 1, 2006, the Company entered into an Asset Purchase  Agreement with
Nitro Petroleum  Incorporated,  purchasing oil and gas assets in Texas,  USA. In
consideration,  the  Company  issued  Nitro  an  unsecured  promissory  note for
$400,000,  which does not accrue  interest and is due and payable on November 1,
2006. The assets acquired  consist of 50% of the working  interests in the wells
identified below:

1.       10% working interest in Inglish 4 well;
2.       10% working interest in Inglish 5 well;
3.       10% working interest in Inglish D1 well;
4.       10% working interest in Inglish D2 well;
5.       5% working interest in Craig Muncaster 6 well; and
6.       5% working interest in Craig Muncaster 7 well.

Mr. Kozub is also the president and a director of Nitro Petroleum.

The degree of expansion  of the  Company's  oil and gas business  will depend on
availability of funds. When and if funding becomes available,  the Company plans
to acquire  high-quality oil and gas properties,  primarily proven producing and
proven undeveloped reserves.  The Company will also explore low-risk development
drilling  and  work-over   opportunities   with  experienced,   well-established
operators.

<page>

Plan of Operation
The Company now owns the following oil and gas properties and projects:

Corsicana, Navarro County, Texas
o        A 50% working  interest in Corsicana Pilot Project,  which is currently
         partially  being  developed,  partially went into  production in a late
         August and upon  completion  will earn a 23.5% net revenue  interest in
         seven producing wells of the Corsicana leases.

o        Surtek  Engineers are designing the polymer flood program for the pilot
         project,  which is now  expected to commence by mid November  2006.  In
         addition,  the  Company  will  adopt  CO2 and  nitrogen  injections  to
         supplement Surtek process.  Six injecting wells are going to be used in
         this project. A seismic project is rescheduled to start in late October
         of 2006 to shoot the three-dimensional seismic over a 4,000 acre series
         of leases.

o        The Company is involved in exploration and production of 1,000 acres of
         leases in  Corsicana  Field,  from which the Company will receive a 45%
         working  interest  that  amounts  to 37% net  revenue in  McKinney  1B,
         McKinney 2B and Blackburn 1C wells.

Barnett Shale, Texas

o        The Company will  receive  revenues  from a 10% working  interest (7.5%
         net  revenue) in Boyd 1 well of Barnett  Shale lease,  which is subject
         to royalty and overriding royalty interests.

o        The Company will receive revenues from a 10% working interest in
         Inglish 2 well,  Barnett  Shale,  which amounts to 7.5% net revenue.

o        Quantum also acquired a 5% working  interest in Inglish 1H (horizontal)
         well for $135,000  from REO Energy Ltd.  The well is now in  production
         and the Company expecting to receive revenues in the next quarter.

Most of the wells did not go into production until late August, and some of them
remain in a completion  stage.  For that reason the Company's  revenues were not
significant this quarter.


General and Administrative Expenses

General  and  administrative  expenses  consist of  expenses  related to general
corporate functions including marketing expenses, development costs and travel.

General and administrative  expenses totaled $41,908 for the three months ending
August 31, 2006, compared to $2,931 for the three months ending August 31, 2005.
This increase was due to increases in office  administration and marketing costs
associated with the movement into the oil and gas business.

<page>

Liquidity and Capital Resources

The  Company  had cash of  $47,395 as of August 31,  2006,  compared  to cash of
$1,016 as of February 28,  2006.  The Company had a working  capital  deficit of
$1,678,228 as of August 31, 2006,  compared to working capital deficit of $8,687
as of February 28, 2006.

The decrease in working capital was  substantially  due to increased general and
administrative  expenses and expenditures for oil and gas properties incurred by
the  Company.  The  Company  will  continue  to  utilize  the free  labor of its
directors  and  stockholders  until such time as  funding  is  sourced  from the
capital markets.  It is anticipated that substantial  additional funding will be
required to maintain the Company for the next twelve months.

The  Company's  continued  operations  will  depend  upon its  ability  to raise
additional  funds through bank borrowings,  equity or debt financing.  While the
Company has been successful in raising funds to date, there is no assurance that
the Company will be able to obtain additional  funding when needed, or that such
funding,  if available,  can be obtained on terms acceptable to the Company.  If
the Company cannot obtain needed funds, it may be forced to curtail or cease its
activities.

If additional  shares are issued to obtain financing,  current  shareholders may
suffer a dilutive effect on their  percentage of stock ownership in the Company.
A large portion of the Company's financing to date has been through the issuance
of shares or through equity financing with share based collateral.  There can be
no  assurances  that the Company  will become  self-sufficient.  Therefore,  the
Company may  continue  to issue  shares to further the  business,  and  existing
shareholders  may suffer a dilutive  effect on the price of their shares as well
as a loss of voting power in the Company.

Going Concern

The  Company  has not  attained  profitable  operations  and is  dependent  upon
obtaining financing to pursue its business  objectives.  For these reasons,  the
Company's  auditors  stated in their report on the Company's  audited  financial
statements that they have substantial doubt the Company will be able to continue
as a going concern without further financing.

The Company may continue to rely on equity  sales of the common  shares in order
to continue to fund the Company's business  operations.  Issuances of additional
shares will result in dilution to existing  stockholders.  There is no assurance
that the Company will achieve any additional  sales of the equity  securities or
arrange for debt or other financing to fund planned business activities.

Off-Balance Sheet Arrangements

The Company has no significant  off-balance sheet  arrangements that have or are
reasonably likely to have a current or future effect on the Company's  financial
condition,  changes in financial  condition,  revenues or  expenses,  results of
operations,  liquidity,  capital  expenditures  or  capital  resources  that  is
material to stockholders.


ITEM 3. CONTROLS AND PROCEDURES.

The Company  maintains  disclosure  controls and procedures that are designed to
ensure that  information  required to be  disclosed by it in the reports that it
files or submits to the Securities and Exchange  Commission under the Securities
Exchange  Act of 1934,  as  amended,  is  recorded,  processed,  summarized  and
reported  within the time  periods  specified  by the  Securities  and  Exchange

<page>

Commission's   rules  and  forms,   and  that  information  is  accumulated  and
communicated  to  management,  including the Company's  principal  executive and
principal financial officers (whom the Company refers to in this periodic report
as its Certifying Officers),  as appropriate to allow timely decisions regarding
required disclosure.  The Company's management evaluated, with the participation
of its  Certifying  Officers,  the  effectiveness  of the  Company's  disclosure
controls and procedures as of August 31, 2006,  pursuant to Rule 13a-15(b) under
the  Securities  Exchange  Act.  Based  upon  that  evaluation,   the  Company's
Certifying  Officers  concluded  that,  as of August  31,  2006,  the  Company's
disclosure controls and procedures were effective.

There were no changes in the Company's internal control over financial reporting
that  occurred  during its most  recently  completed  fiscal  quarter  that have
materially  affected,  or  are  reasonably  likely  to  materially  affect,  the
Company's internal control over financial reporting.


                           PART II--OTHER INFORMATION

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

In July  2006,  the  Company  issued  1,500,000  shares of common  stock to KOKO
Petroleum,  Inc.,  in  connection  with the  acquisition  of certain oil and gas
properties.  This  transaction  was effected in reliance on the  exemption  from
registration provided in Section 4(2) of the Securities Act for transactions not
involving any public offering.  No general  solicitation was used, no commission
or other  remuneration  was paid in  connection  with  the  transaction,  and no
underwriter  participated.  The  transaction  was  negotiated  directly with the
Company's executive officer, and the certificates issued contained a restrictive
legend.

ITEM 6.               EXHIBITS
<table>
<caption>
     Exhibit
     Number*                          Description of Exhibit                                  Location
      
          <c>                                                          <c>
      Item 3       Articles of Incorporation and Bylaws
       3.1         Articles of Incorporation                                     Incorporated by reference from the
                                                                                 Registration Statement Amendment 2
                                                                                 on Form SB-2 filed October 26,
                                                                                 2004, SEC File No. 333-118138.

       3.2         Bylaws, as amended                                            Incorporated by reference from the
                                                                                 Registration Statement Amendment 2
                                                                                 on Form SB-2 filed October 26,
                                                                                 2004, SEC File No. 333-118138.

       3.3         Articles of Amendment                                         Incorporated by reference from
                                                                                 10-KSB annual report filed on June
                                                                                 14, 2006, SEC File No. 333-118138.
</table>

<page>

<table>
<caption>
     
           <c>                                                          <c>
     Item 10       Material Contracts
       10.3        Promissory Notes:                                             This filing

                   1. Sample of a Promissory Note; and
                   2. Schedule of Promissory Notes

       10.4        1. Asset Purchase Agreement with Nitro Petroleum              This filing
                      Incorporated entered into on September 1, 2006;

                   2. Promissory Note for $400,000 dated September 1,
                      2006 and attached as Schedule B

     Item 31       Rule 13a-14(a)/15d-14(a) Certifications

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

     Item 32       Section 1350 Certifications

       32.1          Certification of Chief Executive  Officer and Chief
                   Financial This filing Officer  pursuant to 18 U.S.C.  Section
                   1350,   as   adopted   pursuant   to   Section   906  of  the
                   Sarbanes-Oxley Act of 2002
</table>

---------------
*    The number  preceding the decimal  indicates the  applicable  SEC reference
     number in Item 601, and the number  following  the decimal  indicating  the
     sequence of the particular document.



                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  registrant  has duly  caused  this report to be signed on its
behalf  by the  undersigned,  thereunto  duly  authorized,  on this  12th day of
October, 2006.
                               QUANTUM ENERGY INC.
By:   /s/ Ted Kozub
      -------------------
      Ted Kozub
      President, CEO, CFO