---

UNITED STATESSECURITIES AND
EXCHANGE COMMISSIONWashington, 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, 2007

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 incorporation or
      organization) | (I.R.S. Employer Identification No.)

|260-7250 NW Expressway                   |           
|---------------------------------------- | ----------
|Oklahoma City, Oklahoma, USA             | 73132     
|(Address of principal executive offices) | (Zip Code)

405-728-3800Issuer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 pas t 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 7,
2008 47,000,000 shares of common stock of the issuer were issued and
outstanding.

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

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PART 1  FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

****

---

|QUANTUM ENERGY, INC.                         
|---------------------------------------------
|(formerly Boomers Cultural Development Inc.)
|INTERIM BALANCE SHEETS                       
|November 30, 2007                            
|(Stated in US Dollars)                       

|                                                           |   | Nov 30,     |   |   | February 28, |  
|---------------------------------------------------------- | - | ----------- | - | - | ------------ | -
|                                                           |   | 2007        |   |   | 2007         |  
|ASSETS                                                     |   | (Unaudited) |   |   |              |  
|                                                           |   |             |   |   |              |  
|Current assets                                             |   |             |   |   |              |  
|Cash and cash equivalents                                  | $ | 64,570      |   | $ | 58,316       |  
|Accounts receivable                                        |   |             |   |   |              |  
|Trade                                                      |   | 35,506      |   |   | 15,722       |  
|Sale
      of assets                                       |   | -           |   |   | 308,200      |  
|Prepaid expense                                            |   | -           |   |   | 2,500        |  
|Total
      current assets                                 |   | 100,076     |   |   | 384,738      |  
|Oil and gas properties                                     |   |             |   |   |              |  
|Proved properties, net
      of accumulated depletion      |   | 844,100     |   |   | 845,500      |  
|Well equipment, net of accumulated depreciation            |   | 83,199      |   |   | 102,398      |  
|Total
      oil and gas properties                         |   | 927,299     |   |   | 947,898      |  
|Other assets                                               |   |             |   |   |              |  
|Other equipment, net of
      accumulated depreciation     |   | 1,816       |   |   | 2,686        |  
|Website development, net of accumulated
      amortization |   | 5,246       |   |   | 8,394        |  
|Total
      other assets                                   |   | 7,062       |   |   | 11,080       |  
|                                                           |   |             |   |   |              |  
|TOTAL ASSETS                                               | $ | 1,034,437   |   | $ | 1,343,716    |  
|                                                           |   |             |   |   |              |  
|LIABILITIES AND STOCKHOLDERS
      (DEFICIT)              |   |             |   |   |              |  
|                                                           |   |             |   |   |              |  
|Current liabilities                                        |   |             |   |   |              |  
|Accounts payable and accrued liabilities                   | $ | 233,453     |   | $ | 179,165      |  
|Accounts payable to related
      parties                  |   | 69,533      |   |   | 69,533       |  
|Promissory notes payable                                   |   | 1,944,760   |   |   | 2,144,760    |  
|Total current liabilities                                  |   | 2,247,746   |   |   | 2,393,458    |  
|Common stock issuance liability                            |   | 381,250     |   |   | 381,250      |  
|Total liabilities                                          |   | 2,628,996   |   |   | 2,774,708    |  
|                                                           |   |             |   |   |              |  
|Stockholders (deficit)                                    |   |             |   |   |              |  
|Common stock, par value $0.001 per share:                  |   |             |   |   |              |  
|75,000,000
      shares authorized: 47,000,000             |   |             |   |   |              |  
|Shares issued
      and outstanding, respectively          |   | 47,000      |   |   | 47,000       |  
|Additional paid-in capital                                 |   | 1,685,913   |   |   | 1,685,913    |  
|Retained (deficit)                                         |   | (3,327,472  | ) |   | (3,163,905   | )
|Total stockholders (deficit)                              |   | (1,594,559  | ) |   | (1,430,992   | )
|                                                           |   |             |   |   |              |  
|TOTAL LIABILITIES AND STOCKHOLDERS (DEFICIT)              | $ | 1,034,437   |   | $ | 1,343,716    |  

F-1

SEE ACCOMPANYING NOTES

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|QUANTUM ENERGY, INC.                                
|----------------------------------------------------
|(formerly Boomers Cultural Development Inc.)       
|INTERIM STATEMENTS OF OPERATIONS                    
|for the nine months ended November 30, 2007 and 2006
|(Stated in US Dollars)                              
|(Unaudited)                                         

|                                              |   | Three months ended |   |   | Nine months ended |  
|--------------------------------------------- | - | ------------------ | - | - | ----------------- | -
|                                              |   | November 30,       |   |   | November 30,      |  
|                                              |   | 2007               |   |   | 2006              |  
|                                              |   |                    |   |   |                   |  
|Oil and gas revenue                           | $ | 9,952              |   | $ | 35,362            |  
|Lease operating expenses                      |   | -                  |   |   | (16,759           | )
|Production taxes                              |   | -                  |   |   | -                 |  
|Net oil and gas revenue                       |   | 9,952              |   |   | 18,603            |  
|                                              |   |                    |   |   |                   |  
|                                              |   |                    |   |   |                   |  
|Operating expenses                            |   |                    |   |   |                   |  
|Amortization depletion and depreciation       |   | 8,739              |   |   | 12,104            |  
|Management fees                               |   | 22,800             |   |   | 15,200            |  
|Marketing                                     |   | 7,811              |   |   | 10,692            |  
|Office and administration                     |   | 5,169              |   |   | 19,101            |  
|Professional fees                             |   | 13,182             |   |   | 37,237            |  
|Total operating expenses                      |   | 57,701             |   |   | 94,334            |  
|                                              |   |                    |   |   |                   |  
|Net loss before other income (expenses)       |   | (47,749            | ) |   | (75,731           | )
|Other items                                   |   |                    |   |   |                   |  
|Interest income                               |   | 240                |   |   | -                 |  
|Interest expense                              |   | (23,648            | ) |   | (401,545          | )
|Currency translation                          |   | (1,415             | ) |   | (2,790            | )
|Total other income (expenses)                 |   | (24,823            | ) |   | (404,335          | )
|                                              |   |                    |   |   |                   |  
|Net loss                                      | $ | (72,572            | ) | $ | (480,066          | )
|                                              |   |                    |   |   |                   |  
|Basic and diluted loss per share              | $ | (0.00              | ) | $ | (0.01             | )
|                                              |   |                    |   |   |                   |  
|Weighted average number of shares outstanding |   | 47,000,000         |   |   | 47,000,000        |  

F-2

SEE ACCOMPANYING NOTES

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|QUANTUM ENERGY, INC.                                
|----------------------------------------------------
|(formerly Boomers Cultural Development Inc.)       
|INTERIM STATEMENTS OF CASH FLOWS                    
|for the nine months ended November 30, 2007 and 2006
|(Stated in US Dollars)                              
|(Unaudited)                                         

|                                                                                |   | Nine months ended |  
|------------------------------------------------------------------------------- | - | ----------------- | -
|                                                                                |   | November 30,      |  
|                                                                                |   | 2007              |  
|                                                                                |   |                   |  
|Operating activities                                                            |   |                   |  
|Net loss                                                                        | $ | (163,567          | )
|Adjustment to reconcile
      net loss to net cash used by operating activities |   |                   |  
|Amortization,
      depreciation and depletion                                  |   |                   |  
|Interest
      paid in stock                                                    |   | -                 |  
|Changes in operating assets and
      liabilities                               |   |                   |  
|Accounts
      receivable trade                                                 |   | (19,784           | )
|Accounts receivable
      sale of assets                                        |   | 308,200           |  
|Other
      receivables                                                         |   | -                 |  
|Prepaid expenses                                                                |   | 2,500             |  
|Accounts
      payable and accrued liabilities                                  |   | 54,288            |  
|                                                                                |   |                   |  
|Cash provided by (used in) operating activities                                 |   | 206,254           |  
|                                                                                |   |                   |  
|Investing Activities                                                            |   | 24,617            |  
|Acquisition of oil and gas properties                                           |   | -                 |  
|Acquisition of other
      equipment                                            |   | -                 |  
|                                                                                |   |                   |  
|Cash provided by (used) in investing activities                                 |   | -                 |  
|                                                                                |   |                   |  
|Financing Activities                                                            |   |                   |  
|Notes receivable                                                                |   | -                 |  
|Promissory notes
      payable                                                  |   | (200,000          | )
|Due to related party                                                            |   | -                 |  
|                                                                                |   |                   |  
|Cash provided by (used in) financing activities                                 |   | (200,000          | )
|                                                                                |   |                   |  
|Increase (decrease) in cash during the period                                   |   | 6,254             |  
|                                                                                |   |                   |  
|Cash, beginning of the period                                                   |   | 58,316            |  
|                                                                                |   |                   |  
|Cash, end of the period                                                         | $ | 64,570            |  
|                                                                                |   |                   |  
|Supplemental disclosure of cash flow information:                               |   |                   |  
|Cash paid for income
      tax purposes                                         | $ | -                 |  
|Cash paid for interest                                                          | $ | -                 |  

F-3

SEE ACCOMPANYING NOTES

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|QUANTUM ENERGY, INC.                                
|----------------------------------------------------
|(formerly Boomers Cultural Development Inc.)       
|INTERIM STATEMENTS OF CASH FLOWS- CONTINUED         
|for the nine months ended November 30, 2007 and 2006
|(Stated in US Dollars)                              
|(Unaudited)                                         

|                                            |   | Nine months ended | 
|------------------------------------------- | - | ----------------- | 
|                                            |   | November 30,      | 
|                                            |   | 2007              | 
|                                            |   |                   | 
|Non-Cash Transactions                       |   |                   | 
|Acquisition of capital assets               | $ | -                 | 
|Acquisition of oil
      and gas properties |   | -                 | 
|Issuance of common stock                    |   | -                 | 
|Issuance of promissory
      notes payable  |   | -                 | 
|Accounts payable and accrued liabilities    |   | -                 | 
|Additional paid-in
      capital            |   | -                 | 
|                                            |   |                   | 
|                                            | $ | -                 | 

F-4

SEE ACCOMPANYING NOTES

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|QUANTUM ENERGY, INC.                         
|---------------------------------------------
|(formerly Boomers Cultural Development Inc.)
|NOTES TO THE INTERIM FINANCIAL STATEMENTS    
|November 30, 2007                            
|(Stated in US Dollars)                       
|(Unaudited)                                  

|Note 1 | Basis of Presentation of Interim
      Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | While the information
        presented in the accompanying interim three-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, 2007 annual financial statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | The results of operations
        for the nine-month period ended November 30, 2007, are not necessarily
        indicative of the results to be expected for the year ending February
        28, 2008.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | These unaudited interim
        financial statements should be read in conjunction with the February 28,
        2007 audited financial statements of the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|Note 2 | Nature and Continuance
        of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | Boomers Cultural Development
        Inc. (the Company) was incorporated in the State of Nevada,
        United States of America, on February 5, 2004. On May 18, 2006, the name
        of the Company was changed from Boomers Cultural Development Inc. to Quantum
        Energy, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | These financial statements
        have been prepared in accordance with generally accepted accounting principles
        applicable to a going concern, which assumes that the Company will be
        able to meet its obligations and continue its operations for its next
        fiscal year. Realization values may be substantially different from carrying
        values as shown and these financial statements do not give effect to adjustments
        that would be necessary to the carrying values and classification of assets
        and liabilities should the Company be unable to continue as a going concern.
        At November 30, 2007, the Company had not yet achieved profitable operations,
        has accumulated losses of $3,327,472 since its inception, has a working
        capital deficiency of $2,147,670 and expects to incur further losses in
        the development of its business, all of which casts substantial doubt
        about the Companys ability to continue as a going concern. The Companys
        ability to continue as a going concern is dependent upon its ability to
        generate future profitable operations and/or to obtain the necessary financing
        to meet its obligations and repay its liabilities arising from normal
        business operations when they come due. Management has no formal plan
        in place to address this concern but considers that the Company will be
        able to obtain additional funds by equity financing and/or related party
        advances, however there is no assurance of additional funding being available.

F-5

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|QUANTUM ENERGY, INC.                         
|---------------------------------------------
|(formerly Boomers Cultural Development Inc.)
|NOTES TO THE INTERIM FINANCIAL STATEMENTS    
|November 30, 2007                            
|(Stated in US Dollars)                       
|(Unaudited)                                  

|Note 2 | 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, 2007, the Company had no cash equivalents.

| | b) | Foreign Currency Translation
| | -- | ----------------------------

The Companys uses the U.S. dollar
  as its reporting currency for consistency with registrants of the Securities
  and Exchange Commission (SEC) and in accordance with the SFAS No.
  52.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.

| | c) | Capital Assets
| | -- | --------------

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

F-6

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|QUANTUM ENERGY, INC.                         
|---------------------------------------------
|(formerly Boomers Cultural Development Inc.)
|NOTES TO THE INTERIM FINANCIAL STATEMENTS    
|November 30, 2007                            
|(Stated in US Dollars)                       
|(Unaudited)                                  

|Note 2 | Significant Accounting Policies
      (continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|       | f)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|       | 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, 2007, the Company had no stock equivalents that were anti-dilutive
        and excluded in the earnings per share computation.
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|       | g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|       | The carrying value
        of the Companys financial instruments consisting of cash, accounts
        payable, accrued liabilities and notes payable 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.                                                                                                                                                                                                                                                                                                

|Note 3 | Other Assets
|------ | ------------

| |                    |   | Cost  |  |   | Accumulated  |  |   | Net Book Value    |  |   | Net Book Value | 
| | ------------------ | - | ----- |  | - | ------------ |  | - | ----------------- |  | - | -------------- | 
| |                    |   |       |  |   | Depreciation |  |   | November 30, 2007 |  |   | February 2007  | 
| | Office equipment   | $ | 3,629 |  | $ | 1,935        |  | $ | 1,695             |  | $ | 2,239          | 
| | Computer equipment |   | 1,433 |  |   | 1,312        |  |   | 121               |  |   | 447            | 
| |                    |   |       |  |   |              |  |   |                   |  |   |                | 
| |                    | $ | 5,062 |  | $ | 3,247        |  | $ | 1,816             |  | $ | 2,686          | 

|Note 4 | Website Development
|------ | -------------------

| |                     |   | Cost   |  |   | Accumulated  |  |   | Net Book Value    |  |   | Net Book Value | 
| | ------------------- | - | ------ |  | - | ------------ |  | - | ----------------- |  | - | -------------- | 
| |                     |   |        |  |   | Amortization |  |   | November 30, 2007 |  |   | February 2007  | 
| | Website development | $ | 12,591 |  | $ | 7,345        |  | $ | 5,246             |  | $ | 8,394          | 
| |                     |   |        |  |   |              |  |   |                   |  |   |                | 
| |                     | $ | 12,591 |  | $ | 7,345        |  | $ | 5,246             |  | $ | 8,394          | 

F-7 (Continued)

---

|QUANTUM ENERGY, INC.                         
|---------------------------------------------
|(formerly Boomers Cultural Development Inc.)
|NOTES TO THE INTERIM FINANCIAL STATEMENTS    
|November 30, 2007                            
|(Stated in US Dollars)                       
|(Unaudited)                                  

|Note 5 | Oil and Gas Properties
|------ | ----------------------

The Company uses the successful efforts
  method of accounting for oil and gas producing activities. Costs to acquire
  mineral interests in oil and gas properties, to drill and equip exploratory
  wells that find proved reserves, to drill and equip development wells and related
  asset retirement costs are capitalized. Costs to drill exploratory wells that
  do not find proved reserves, geological and geophysical costs, and costs of
  carrying and retaining unproved properties are expensed.

Unproved oil and gas properties that
  are individually significant are periodically assessed for impairment of value,
  and a loss is recognized at the time of impairment by providing an impairment
  allowance. Other unproved properties are amortized based on the Companys
  experience of successful drilling and average holding period. Capitalized costs
  of producing oil and gas properties, after considering estimated residual salvage
  values, are depreciated and depleted by the unit-of-production method. Support
  equipment and other property and equipment are depreciated over their estimated
  useful lives.

On the sale or retirement of a complete
  unit of a proved property, the cost and related accumulated depreciation, depletion,
  and amortization are eliminated from the property accounts, and the resultant
  gain or loss is recognized. On the retirement or sale of a partial unit of proved
  property, the cost is charged to accumulated depreciation, depletion, and amortization
  with a resulting gain or loss recognized in income.

On the sale of an entire interest in
  an unproved property for cash or cash equivalent, gain or loss on the sale is
  recognized, taking into consideration the amount of any recorded impairment
  if the property had been assessed individually. If a partial interest in an
  unproved property is sold, the amount received is treated as a reduction of
  the costs of the interest retained.

Depletion for the nine months ended
  November 30, 2007 was $1,400.

Corsicana Field  JMT pilot
  project

On October 11, 2005, KOKO (KOKO)
  Petroleum Inc. signed a letter of intent with JMT Resources Ltd., 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 brought its joint venture
  partnership interest to 25%.

On May 31, 2006, the Company entered
  into an asset purchase agreement with KOKO, whereby the Company would purchase
  KOKOs interest in the oil and gas leases located in Corsicana, Texas.
  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 Corsicana, Texas
        and Barnett Shale, Texas properties.        
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                   
| | b) | The Company would assume
        all of the promissory notes payable. See Note 6.                                                                                 
| |    |                                                                                                                                                                   
| | c) | The Company agreed to contribute
        up to $100,000 to assist KOKO in its common stock SEC registration. To
        date, the Company has contributed $27,000.

F-8 (Continued)

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|QUANTUM ENERGY, INC.                         
|---------------------------------------------
|(formerly Boomers Cultural Development Inc.)
|NOTES TO THE INTERIM FINANCIAL STATEMENTS    
|November 30, 2007                            
|(Stated in US Dollars)                       
|(Unaudited)                                  

|Note 5 | Oil and Gas Properties (continued)
|------ | ----------------------------------

Corsicana Field  JMT pilot
  project  (continued)

| | 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 agreement
  purchase agreement.

On January 31, 2007, the Company reached
  a settlement with JMT Resources whereby the Company sold its interest in the
  Corsicana field for gross settlement proceeds of $308,200. The proceeds were
  received on May 27, 2007.

Boyd #1, Barnett Shale Project, Texas

On May 1, 2006, by letter of agreement
  with KOKO, the company 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 for $140,000. 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 May 1, 2006, by letter of agreement
  with KOKO, the company 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 for $140,000. 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.

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'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.

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.

The Company entered into a settlement
  agreement and mutual release dated January 31, 2007 whereby the Company agreed
  to assign its interest in all Corsicana projects back to JMT Resources and Rife
  Energy Operating Inc. for a total consideration of $308,185.

F-9 Continued

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|QUANTUM ENERGY, INC.                         
|---------------------------------------------
|(formerly Boomers Cultural Development Inc.)
|NOTES TO THE INTERIM FINANCIAL STATEMENTS    
|November 30, 2007                            
|(Stated in US Dollars)                       
|(Unaudited)                                  

|Note 5 | Oil and Gas Properties (continued)
|------ | ----------------------------------

Inglish #1H - Barnett Shale Project

The Company acquired a 5% working interest
  for gross proceeds of $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.

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.

On February 28, 2007 another extension
  was granted by way of a new promissory note, with an extended due date to October
  31, 2007, which bears interest at 10% per annum and is secured by a general
  security agreement. As part of the extension, the Company agreed to issue 250,000
  common shares to the seller, 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 seller.

On October 31, 2007 a further extension
  was granted, with an extended due date to February 28, 2008.

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. The Company and the seller have a director in common.

Other properties

On November 17, 2006 the Company acquired
  an oil lease, located in Oklahoma ("Cannon Lease") for gross proceeds of $14,000
  and future stock, (amount to be determined) in the Company.

|Note 6 | 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% and $550,000 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 $1,944,760 are not secured, and
  have no defined terms of repayment. Promissory notes of $250,000 are secured,
  by way of 250,000 shares in the capital stock of the Company and a collateral
  interest in the oil and gas properties. Interest of $74,891 has been accrued
  in the November 30, 2007 financial statements.

F-10 Continued

---

|QUANTUM ENERGY, INC.                         
|---------------------------------------------
|(formerly Boomers Cultural Development Inc.)
|NOTES TO THE INTERIM FINANCIAL STATEMENTS    
|November 30, 2007                            
|(Stated in US Dollars)                       
|(Unaudited)                                  

|Note 7 | Common Stock                                                                                                                                                                                                                                                                       
|------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                    
|       | The authorized number of common
        shares remains at 75,000,000 common shares with a par value of $0.001.
        The Company also issued 250,000 shares in the capital stock of the Company
        as a collateral interest against a promissory note issued by the Company.
|       |                                                                                                                                                                                                                                                                                    
|Note 8 | Well Equipment                                                                                                                                                                                                                                                                     

| |                |   |         |  |   | Accumulated  |  |   | Net Book Value    |  |   | Net Book Value    | 
| | -------------- | - | ------- |  | - | ------------ |  | - | ----------------- |  | - | ----------------- | 
| |                |   | Cost    |  |   | Depreciation |  |   | November 30, 2007 |  |   | February 28, 2007 | 
| | Well equipment | $ | 127,998 |  | $ | 44,799       |  | $ | 83,199            |  | $ | 102,398           | 

F-11

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ITEM 2. MANAGEMENTS DISCUSSSION AND ANALYSIS OR PLAN OF
OPERATION

OverviewQuantum 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 260 
7250 NW Expressway, Oklahoma City, OK 73132. The Companys telephone number is
405-728-3800.

Starting in May of 2006 the Company embarked 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. The Company will
also explore low-risk development drilling and work-over opportunities with
experienced, well-established operators.

Financial Condition and Results of Operations

For the three and nine-month periods ended November 30, 2007,
the Company received revenue of $9,952 and $95,369 respectively from production
of oil and gas from the Barnett Shale properties, as compared to $35,362 and
$46,241 in revenue for the three and nine-month periods ended November 30,
2006.

For the three and nine-month period ended November 30, 2007,
the Company had a net loss of approximately $72,572 and $163,567 respectively,
as compared to a net loss of $480,065 and $634,751 respectively, for the three
and nine-month period ended November 30, 2006, a decrease of approximately 85%
and 74%, respectively.

This decrease in the net loss was the result of additional oil
and gas revenues reported during the second quarter, as well as a decrease in
general and administrative expenses, as compared to this same period one year
ago. General and administrative expenses totaled $5,169 and $10,471 for the
three and nine months ended November 30, 2007, respectively, compared to $19,101
and $21,101 for the three and nine months ended November 30, 2006, respectively.
This was the result of an decrease in legal and accounting fees incurred by the
Company during this quarter.

Liquidity and Capital Resources

For the nine-month period ended November 30, 2007, the Company
had cash of $64,570 compared to cash of $50,625 for the nine-month period ended
November 30, 2006, an increase of approximately 28%. The increase is due to
$308,185 received June 4, 2007 for assets sold in the prior year.

2

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For the nine-month period ended November 30, 2007, the Company
had a working capital deficit of $2,147,670, which was substantially similar to
the working capital deficit of $2,154,434 for the nine-month period ended
November 30, 2006.

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 ConcernThe 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 ArrangementsThe 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 August 31, 2007, pursuant to

3

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Rule 13a-15(b) under the Securities Exchange Act. Based upon
that evaluation, the Companys Certifying Officers concluded that, as of
November 30, 2007, the Companys disclosure controls and procedures were
effective.

Changes in internal controls

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

ITEM 5. OTHER INFORMATION

On December 1, 2007, the Board appointed Mr. Richard
Porterfield to the position of President, Secretary and member of the Board of
Directors of the Corporation.

On December 1, 2007, the Board accepted the resignations of
Shane Lowry as President, Chief Executive Officer and a Director of the
Corporation. The resignations of Mr. Lowry was not as a result of any
disagreement with the Company on any matters relating to the Company's
operations, policies, or practices.

Mr. Porterfield has been in the geological community since 1978
providing his services as a geologist and successful manager. His experiences
have ranged from establishing and managing of the geo-science companies to
providing services as a consulting geologist for various oil and gas companies.
Mr. Porterfield worked as geologist for HOKO, Inc., OKC, OK & Braden
Companies in Edmond from 2002 through to 2007 and Oak Hills Energy in Ada,
Oklahoma in 1997 and 1998. During 2001 and 2002 he was a geologist and a
drilling forman for Young Resources, Inc. in Ft. Worth, Texas. He established
and successfully managed a few of his own companies  Graphics Logging Systems,
LLC in 1998-2001 and Technical Well Logging Services in Edmond, Oklahoma, which
he successfully run from 1978 until 1997. Mr. Porterfield's management skills
and industry network are imperative for a junior company as Quantum.

Since the change in management, the location of the Companys
offices have changed as well. The Company has changed its address from 29  3800
Pinnacle Way, Gallaghers Canyon, Kelowna, British Columbia, Canada, V1W 3Z8 to
260  7250 NW Expressway, Oklahoma City, OK 73132. The phone number has been
also changed from 250  809 -9185 to 405-728-3800 .

ITEM 6. EXHIBITS

Exhibit Number*
    Description of
      Exhibit
    LocationItem 3
    Articles of Incorporation and Bylaws3.1
    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.


4

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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 Contracts10.12
      Consulting Agreement
        between Quantum Energy Inc. 
        and Shane Lowry dated September 15, 2007
      This filing10.13
      Extension Agreement
        3 dated November 1, 2007 
        between Nitro Petroleum Incorporated and Quantum 
        Energy inc. including a promissory note
      This filingItem 31
      Rule 13a-14(a)/15d-14(a) Certifications31.1
      Certification of Chief
        Executive Officer 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
      This filingItem 32
      Section 1350 Certifications32.1
      Certification of Chief
        Executive Officer and Chief 
        Financial Officer pursuant to 18 U.S.C. Section 1350, as 
        adopted pursuant to Section 906 of the Sarbanes-Oxley 
        Act of 2002
      This filing


|___________________
|-------------------
|*                  

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
18thday of January, 2008.

QUANTUM ENERGY INC.

|By: | /s/ Richard Porterfield | 
|--- | ----------------------- | 
|    | Richard Porterfield     | 
|    | President               | 

5

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