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

                                  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 November 30, 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 January 8, 2007,  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

                                November 30, 2006

                             (Stated in US Dollars)









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

<table>
<caption>

                                                                               November 30,         February 28,
                                       ASSETS                                     2006                  2006
                                       ------                                  ------------         ------------
                                                                              ( Unaudited)

                                                                            <c>                 <c>
Current Assets
     Cash and cash equivalents                                              $           50,625   $            1,016
     Accounts receivable                                                                16,645                    -
                                                                            ------------------   ------------------
          Total Current Assets                                                          67,270                1,016
Capital Assets                                                                         111,774                3,846
Website Development                                                                      9,443                1,333
Oil and Gas Properties                                                               3,467,625                    -
                                                                            ------------------   ------------------

                                                                            $        3,656,112   $            6,195
                                                                            ==================   ==================

                                   LIABILITIES
                                   -----------
Current Liabilities
    Accounts payable and accrued liabilities                                $          171,448   $            4,703
     Promissory notes payable                                                        2,094,760                    -
    Due to related party                                                                     -                5,000
                                                                            ------------------   ------------------
        Total Current Liabilities                                                    2,266,208                9,703
Common Stock Issuance Liability                                                        381,250                    -
            Total Liabilities                                                        2,647,458                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                                      (724,259)             (89,508)
                                                                            ------------------   ------------------

                                                                                     1,008,654               (3,508)
                                                                            ------------------   -------------------

                                                                            $        3,656,112   $            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 nine months ended November 30, 2006 and 2005 and
  for the period February 4, 2004 (Date of Incorporation) to November 30, 2006
                             (Stated in US Dollars)


<table>
<caption>
                                              Three months ended                 Nine months ended               February 4, 2004
                                                  November 30,                       November 30,                  To August 31,
                                     ---------------------------------------------------------------------------------------------
  
                                 <c>               <c>                <c>                  <c>               <c>
                                              2006            2005             2006                2005                2006
                                              ----            ----             ----                ----                ----
                                          ( Unaudited)     ( Unaudited)    ( Unaudited)        ( Unaudited)         (Unaudited)

      Oil and Gas Revenue               $        35,362   $           -   $          46,241   $            -     $         46,241
                                     ------------------ ---------------   -----------------   ----------------   -----------------
          Total Oil and Gas Revenue              35,362               -              46,241                -               46,241


      Operating Expenses
    Amortization and Depreciation                12,104             622              23,551             1,817              27,434
    Management fees                              15,200               -              30,200                 -              30,200
    Marketing                                    10,691          10,335              14,733            23,027              41,760
    Office and administration                    19,101           2,985              21,101             6,255              33,127
    Professional fees                            37,237           1,074             129,130            27,619             175,702
    Lease operating expenses                     16,759               -              26,029                 -              26,029
                                     ------------------ ----------------     --------------   ----------------   -----------------
            Total Operating Expenses            111,092          15,016             244,744            58,718             334,252
                                     ------------------ ----------------     --------------   ----------------   -----------------


 Net loss before other income (expenses)        (75,730)        (15,016)           (198,503)          (58,718)           (288,011)
 Other Items
    Interest expense                           (401,545)                           (441,337)                             (441,337)
    Currency translation                         (2,790)                             (4,445)                               (4,445)
    Other income                                      -               -               9,534                 -               9,534
                                     ------------------ ----------------     ---------------   ---------------   -----------------
         Total Other Income (Expenses)         (404,335)              -            (436,248)                -            (436,248)
                                     ------------------ ----------------     ---------------   ---------------   -----------------

 Net loss                               $      (480,065)$       (15,016)  $        (634,751)  $       (58,718)     $     (724,259)
                                     ================== ================     ===============   ===============   =================

 Basic and diluted loss per share                 (0.01)$         (0.00)  $           (0.01)  $         (0.01)
                                     ================== ================     ===============  ================
 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 nine months ended November 30, 2006 and 2005 and
  for the period February 4, 2004 (Date of Incorporation) to November 30, 2006
                             (Stated in US Dollars)


<table>
<caption>
                                                                                Nine months ended                February 4, 2004
                                                                                    November 30,                  to November 30,
                                                                             2006                 2005                  2006
                                                                             ----                 ----                  ----
                                                                         ( Unaudited)         ( Unaudited)          (Unaudited)

                                                                    <c>                  <c>                    <c>
Operating Activities
    Net loss                                                        $         (634,751)  $          (58,718)   $         (724,259)
    Adjustment to reconcile net loss to net cash used by operating
    activities
        Amortization and depreciation                                           23,551                1,817                24,436
      Interest charge paid in common stock                                     381,250                    -               381,250
    Changes in operating assets and liabilities
        Accounts receivable                                                    (16,645)                   -               (16,645)
      Accounts payable and accrued liabilities                                  66,746                 (376)               71,447
                                                                     ------------------   -------------------   ------------------

Cash used in operating activities                                             (179,849)             (57,277)             (263,771)
                                                                     ------------------   ------------------    ------------------

Investing Activities
    Sale of common stock for cash                                                    -                    -                86,000
    Acquisition of capital assets                                                    -               (3,629)               (5,062)
    Acquisition of oil and gas properties                                     (819,000)                   -              (819,000)
    Acquisition of other assets                                                (11,592)                   -               (12,592)
                                                                     ------------------   ------------------    ------------------

Cash used in investing activities                                             (830,592)              (3,629)             (750,654)
                                                                     ------------------   -------------------   ------------------

Financing Activities
    Issuance of promissory notes payable                                     1,065,050                    -             1,065,050
    Due to related party                                                        (5,000)                   -                     -
                                                                     -------------------  ------------------    ------------------

Cash used in financing activities                                            1,060,050                    -             1,065,050
                                                                     ------------------   ------------------    ------------------

Increase (decrease) in cash during the period                                   49,609              (60,906)               50,625

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

Cash, end of the period                                             $           50,625   $              816    $           50,625
                                                                     ==================   ==================    ==================
</table>

                             SEE ACCOMPANYING NOTES

<page>


                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                       STATEMENTS OF CASH FLOWS-CONTINUED
            for the nine months ended November 30, 2006 and 2005 and
  for the period February 4, 2004 (Date of Incorporation) to November 30, 2006
                             (Stated in US Dollars)

<table>
<caption>
                                                                              Nine months ended                   February 4, 2004
                                                                                 November 30,                      to November 30,
                                                                            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' EQUITY (DEFICIT)
  for the period February 4, 2004 (Date of Incorporation) to November 30, 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                                           -              -               -         (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                                         65,000
                                                                             58,500              -
Net loss                                           -              -               -        (21,197)        (21,197)
                                       ------------- --------------  -------------- --------------- ---------------

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

Net loss                                           -              -               -        (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                                           -              -                       (634,751)       (634,751)
                                       ------------- --------------  -------------- --------------- ---------------

Balance November 30, 2006 (Unaudited)
                                          47,000,000 $       47,000  $    1,685,913 $     (724,259)     $1,008,654
                                       ============== =============  ============== =============== ===============
</table>


                             SEE ACCOMPANYING NOTES

<page>


                               QUANTUM ENERGY INC.
                  formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                November 30, 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 nine 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 nine-month period ended November
              30,  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
                                November 30, 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 November 30,
              2006 the Company has not yet attained  profitable  operations  and
              has accumulated losses of $343,009 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 November 30, 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
                                November 30, 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 November 30, 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
                                November 30, 2006
                             (Stated in US Dollars)
                                   (Unaudited)



Note 4        Capital Assets
              --------------

<table>
<caption>
                                                   Cost        Accumulated      Net Book     Net Book February
                                                               Amortization   November 2006         2006
              
                                 <c>           <c>             <c>             <c>

              Office equipment                    $ 3,629        $ 1,209         $ 2,420          $ 2,965
              Computer equipment                    1,433            877             556              881
              Equipment                           127,998         19,200         108,798                -

                                              ------------------------------------------------------------------
                                                 $ 133,060       $ 21,286       $ 111,774         $ 3,846
                                              ------------------------------------------------------------------
</table>

<table>
<caption>
Note 5        Website Development
              -------------------

              
                                <c>          <c>               <c>             <c>
                                                   Cost        Accumulated      Net Book     Net Book February
                                                               Amortization   November 2006         2006
              Website development                $ 12,591        $ 3,148         $ 9,443          $ 1,333

                                              ------------------------------------------------------------------
                                                 $ 12,591        $ 3,148         $ 9,443          $ 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
                                November 30, 2006
                             (Stated in US Dollars)
                                   (Unaudited)

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

              Corsicana Field - JMT Pilot Project (continued)

              The effective date of the KOKO Purchase agreement was July 1, 2006
              with the following terms:

              a)  The Company would  acquire all of the oil and gas  operations,
                  leases  and wells in the  Coriscana  Texas and  Barnett  Shale
                  Texas properties.

              b)  The Company would assume all of the promissory notes payable.
                  See note 7

              c)  The Company agreed to contribute up to $100,000 to assist KOKO
                  in KOKO SB2 application. To date the Company has contributed
                  $27,000.

              d)  The Company will cause to be issued 1,500,000 common stock
                  shares of the Company to KOKO.

              Any reference to the KOKO  acquisition of oil and gas assets means
              an acquisition by the Company pursuant to this purchase agreement.

              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.   Boyd  #1  is  now  in   production   and   producing
              approximately 5 barrels of oil and 130 mcf of natural gas per day.

              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 10 barrels of oil and 120 mcf
              of natural gas per day.

<page>

                               QUANTUM ENERGY INC.
                  formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                November 30, 2006
                             (Stated in US Dollars)
                                   (Unaudited)


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

              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.  The total
              production  for these three wells is  approximately  10 barrels of
              oil per day.

              Corsicana Seismic Project

              The Company has also acquired a 23.5%  working  interest the lands
              under lease by JMT  Resources and Rife Energy  Operating  Inc. and
              referred  to as the  Corsicana  Field - JMT  Project.  The Company
              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.

              The intention of the  Corsicana  partners and the purpose of the 3
              dimensional  seismic is to "shoot" seismic lines over the 8 square
              miles and 4,000  acres of land,  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.  Anticipated  completion of
              the seismic program is March 31, 2007.

              Inglish #1H - Barnett Shale Project

              The Company 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 3 months and
              to date has produced in excess of 4,160  barrels of oil and 20,156
              mcf of natural gas.

              Inglish#4,#5,#D1,#D2, Craig Muncaster#6 and#7

              On September 1, 2006, the Company  acquired a 50% working interest
              in oil and gas  projects  located in the State of Texas.  Terms of
              the asset  purchase  agreement were for gross proceeds of $400,000
              payable by way of a  non-interest  bearing  promissory  note,  due
              November 1, 2006. See note 9.

<page>

                               QUANTUM ENERGY INC.
                  formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                November 30, 2006
                             (Stated in US Dollars)
                                   (Unaudited)

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

              Other properties

              On November 17, 2006 the Company  entered into  negotiations in an
              agreement  to  acquire  a  property  lease,  located  in  Oklahoma
              ("Cannon  Lease") for gross  proceeds of $14,000 and future stock,
              (amount to be determined) in the Company.

              On  September  11,  2006 the  Company  completed  the waste  water
              disposal project for gross proceeds of $20,000.

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

              In accordance  with the KOKO Purchase  Agreement,  the Company has
              accepted   financing  for  $1,694,760  due  on  demand,   interest
              compounded  annually  at 4% and  $400,000  at 10%. At any time the
              Company may pay off all or any part of the principal  that remains
              unpaid together with applicable  interest.  Gross promissory notes
              of  $1,694,760  are not  secured,  and  have no  defined  terms of
              repayment.  Promissory  notes of $400,00  are  secured,  by way of
              250,000  shares  in  the  capital  stock  of  the  Company  and  a
              collateral  interest in the properties.  Interest in the amount of
              $60,038 has been accrued to November 30, 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.

              In the nine month  period ended  November  30,  2006,  the Company
              issued 1,500,000 common shares at a price of $.001 pursuant to the
              Koko Purchase Agreement.

<page>

                               QUANTUM ENERGY INC.
                  formerly Boomers' Cultural Development Inc.)
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                November 30, 2006
                             (Stated in US Dollars)
                                   (Unaudited)

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

              On  November 1, 2006,  the Company was in default of a  promissory
              note issued by the Company for gross consideration of $400,000. An
              extension to February 28, 2007 was granted with  security,  by way
              of 250,000 shares in the common stock of the Company, along with a
              collateral  interest  in the  property  obtained  by the  Company.
              Interest at ten percent (10%) will accrue,  commencing November 1,
              2006, on the principle of the note payable.

              The Company is under  obligation  to issue the  250,000  shares of
              common  stock of the  Company  free and  clear  of all  liens  and
              encumbrances. If the Company duly observes and performs all of the
              Company's covenants,  one-half of the common stock issued (125,000
              shares) shall be returned to the Company by the lender.

              The  Company  recognized  and has  recorded  a charge to  interest
              expense of $381,250  which  represented  the fair value ($3.05 per
              share) of the  125,000  shares of common  stock  which will not be
              returned to the Company.


<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.

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.


Plan of Operation

On May 19,  2006,  the  Company  acquired  its first oil and gas  interest.  The
company  entered into an Asset  Purchase  Agreement with KOKO  Petroleum,  Inc.,
purchasing oil and gas assets in Texas,  USA,  which  included  three  producing
wells  and 10%  working  interests  in two  additional  wells.  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 ("Nitro"),  purchasing oil and gas assets in Texas,
USA. In consideration, the Company issued Nitro an unsecured promissory note for
$400,000,  which did not accrue  interest and was 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.

<page>

On November 1, 2006 the Company  entered into an Extension  Agreement with Nitro
in regard to the APA and Company's obligation to Nitro.

Under the Extension  Agreement the Promissory  Note 1 has been cancelled and new
note has been executed (the  "Promissory  Note 2"). The Promissory Note 2 is for
the same amount of $400,000,  but now accrues interest at ten (10 %) percent per
annum. As security for the Promissory Note 2 Company granted to Nitro a security
interest  over all of Company's  assets  perfected by UCC-1 filing in a state of
Nevada,  which shall be released upon repayment of the  Promissory  Note 2. Also
under the new terms  Company is  required to issue to Nitro  250,000  restricted
shares of Company's common stock,  125,000 of which shall be returned to Company
if the principal  amount of the Promissory  Note 2 together with the interest is
repaid on time. The Promissory Note 2 is due and payable on February 28, 2007.

The Company now owns the following oil and gas projects:

Corsicana, Navarro County, Texas

o        A 50% working  interest in Corsicana Pilot Project,  which is currently
         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 the first  quarter of
         2007. Surtek filed the reservoir enhancement engineering report for the
         polymer flood program on August 28, 2008. 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 the  first  quarter  of 2007 to shoot  the
         three-dimensional seismic over a 4,000 acre series of leases.

o        The Company  has an  interest  in a 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. These well are currently in production.

o        The  Company is also  involved  into the water  disposal  project.  The
         Company  paid its share of the initial down payment for the purchase of
         a surface  area for the  drilling  and  construction  of a waste  water
         disposal project, which is reflected in the financial statements.  This
         project is expected to be  completed  in the first  quarter of 2007 and
         provide a revenue to the Company shortly  thereafter.  The company will
         earn a 25% interest in the project.

Barnett Shale, Texas
o        The Company is receiving 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.  Boyd 1 went into production
         in July 2006.

o        The Company is receiving revenues from a 10% working interest in
         Inglish 2 well, Barnett  Shale,  which amounts to 7.5% net revenue. The
         Inglish 2 went into production in October 2006.

o        Quantum also acquired a 5% working  interest in Inglish 1H (horizontal)
         well for $135,000  from REO Energy Ltd. The well is in  production  and
         the Company is receiving revenues since September 20, 2006.

<page>

o        The Inglish 4 and Inglish 5 wells are now complete.  Company's  working
         interest in each of these wells is 5% pursuant to the APA of  September
         1,  2006  described  above.  The  Inglish  D1 and D2  wells  have  been
         completed and are now in production (Quantum has 5% working interest in
         each of these wells).

o        Additionally,  as a result of the APA of September 1, 2006, the Company
         has 2.5% working  interest in Craig  Muncaster 7 and Craig Muncaster 6.
         Both these wells have been completed and are now  producing.  The Craig
         Muncaster 7 went into  production in October 2006 and Craig Muncaster 6
         went into production in late November 2006.

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 $19,101 for the three months ending
November 30, 2006,  compared to $2,985 for the three months ending  November 30,
2005. This increase was due to increases in office  administration and marketing
costs associated with the movement into the oil and gas business.

Liquidity and Capital Resources
The  Company had cash of $50,625 as of November  30,  2006,  compared to cash of
$1,016 as of February 28,  2006.  The Company had a working  capital  deficit of
$2,580,188  as of November  30,  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.

<page>

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
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 November 30,  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 November 30, 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.



ITEM 6.               EXHIBITS

     Exhibit
     Number*     Description of Exhibit                       Location

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.

<page>

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.

Item 10      Material Contracts

10.5   Extension Agreement between Nitro Petroleum and         This filing
       Quantum  Energy Inc. dated November 1, 2006

10.6   Promissory Note 2 dated November 1, 2006                This filing

10.7   General Security Agreement between Nitro Petroleum      This filing
       and Quantum Energy Inc. dated November 7, 2006

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

31.1   Certification of Chief Executive  Officer               This filing
       and Chief Financial 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           This filing
       Chief Financial Officer pursuant to 18 U.S.C.
       Section 1350, as  adopted pursuant to Section 906
       of the  Sarbanes-Oxley Act of 2002
--------------------------------------------------------------------------------
*    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  8th day of
January, 2006.
                               QUANTUM ENERGY INC.


By:   /s/Ted Kozub
      --------------------
      Ted Kozub
      President, CEO, CFO