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

                                  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 May 31, 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           (I.R.S. Employer Identification No.)
incorporation or organization)


      401 - 1529 West 6th Avenue
    Vancouver, British Columbia, Canada                         V6J1R1
   ------------------------------------                       ---------
 (Address of principal executive offices)                     (Zip Code)


                                  604-737-8180
                            -------------------------
                            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 July 10,  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]

                                       1

<page>


                         PART 1 - FINANCIAL INFORMATION



ITEM 1. FINANCIAL STATEMENTS



                             SEE ACCOMPANYING NOTES
                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                              INTERIM BALANCE SHEET
                                  May 31, 2007
                             (Stated in US Dollars)
<table>
<caption>
                                                                                  May 31             February 28
                                                                                   2007                 2007
                                                     ASSETS                     (Unaudited)
                                                     ------
                                                                            -------------------- --------------------

                                                                          <c>                  <c>
Current assets
     Cash and cash equivalents                                              $         347,913   $           58,316
    Accounts receivable
       Trade                                                                           17,163               15,722
       Sale of assets                                                                       -              308,200
     Prepaid expense                                                                    2,500                2,500
                                                                            -------------------- --------------------
          Total Current Assets                                                        367,576              384,738
Oil and gas properties
    Proved properties, net of accumulated depletion                                   845,200              845,500
    Well equipment, net of accumulated depreciation                                    95,998              102,398
                                                                            -------------------- --------------------
       Total oil and gas properties                                                   941,198              947,898
Other assets
    Other equipment, net of accumulated depreciation                                    2,396                2,686
    Website development, net of accumulated amortization                                7,345                8,394
                                                                            -------------------- --------------------
       Total other assets                                                               9,741               11,080
                                                                            -------------------- --------------------

TOTAL ASSETS                                                                $       1,318,515   $        1,343,716
                                                                            ==================== ====================


                                      LIABILITIES AND STOCKHOLDERS' (DEFICIT)
                                      ---------------------------------------

Current Liabilities
    Accounts payable and accrued liabilities                                $         262,623   $          248,698
     Promissory notes payable                                                       2,144,760            2,144,760
                                                                            -------------------- --------------------
        Total Current Liabilities                                                   2,407,383            2,393,458
Common Stock Issuance Liability                                                                            381,250
                                                                                      381,250
                                                                            -------------------- --------------------
            Total Liabilities                                                       2,788,633            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)                                                            (3,203,031)          (3,163,905)
                                                                            -------------------- --------------------
        Total stockholders' (deficit)                                              (1,470,118)          (1,430,992)
                                                                            -------------------- --------------------

TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)                               $       1,318,515   $        1,343,716
                                                                            ==================== ====================
</table>

                            SEE ACCOMPANYING NOTES


                                       F1

<page>


                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                        INTERIM STATEMENTS OF OPERATIONS
                for the three months ended May 31, 2007 and 2006
                             (Stated in US Dollars)
                                   (Unaudited)
<table>
<caption>
                                                                                   Three months ended May 31
                                                                                  2007                2006
                                                                             ---------------- ---------------------

                                                                            <c>               <c>
Oil and gas revenue                                                          $      30,873     $            -
Lease operating expenses                                                            10,998                  -
                                                                             ---------------- ---------------------
Net oil and gas revenue                                                             19,875                  -


Operating Expenses
    Amortization depletion and depreciation                                          8,039                622
    Management fees                                                                 10,500                  -
    Marketing                                                                        6,950                  -
    Office and administration                                                        3,171                442
    Professional fees                                                                4,170              5,528
                                                                             ---------------- ---------------------
        Total Operating Expenses                                                    32,830              6,592
                                                                             ---------------- ---------------------

 Net loss before other income (expenses)                                           (12,955)            (6,592)
 Other Items
    Interest expense                                                               (27,448)                  -
    Currency translation                                                             1,277                   -
                                                                             ---------------- ---------------------
         Total Other Income (Expenses)                                             (26,171)                  -
                                                                             ---------------- ---------------------

Net loss                                                                      $    (39,126)    $       (6,592)
                                                                             ================ =====================

 Basic and diluted loss per share                                             $       (0.00)   $        (0.00)
                                                                             ================ =====================

Weighted average number of shares outstanding                                   47,000,000         45,500,000
                                                                             ================ =====================
</table>


                             SEE ACCOMPANYING NOTES


                                       F2

<page>

                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                        INTERIM STATEMENTS OF CASH FLOWS
                for the three months ended May 31, 2007 and 2006
                             (Stated in US Dollars)
                                   (Unaudited)

<table>
<caption>
                                                                                               Three months ended May 31
                                                                                              2007                  2006
                                                                                      -------------------------------------------

                                                                                            <c>                    <c>
Operating Activities
    Net loss                                                                          $          (39,126)   $           (6,592)
    Adjustment to reconcile net loss to net cash used by operating activities
    Amortization, depreciation and depletion                                                       8,039                   622
    Changes in operating assets and liabilities
    Accounts receivable trade                                                                     (1,441)                    -
    Accounts receivable sale of assets
                                                                                                 308,200                     -
    Accounts payable and accrued liabilities                                                      13,925                 4,245
                                                                                       ------------------------------------------


Cash from (used in) operating activities                                                         289,597                (1,725)
                                                                                       ------------------------------------------

Financing Activities
    Due to related party                                                                               -                 5,534
                                                                                       ------------------------------------------

Cash used in financing activities                                                                      -                 5,534
                                                                                       ------------------------------------------

Increase in cash during the period                                                                289,597                 3,809

Cash, beginning of the period                                                                      58,316                 1,016
                                                                                        -----------------------------------------

Cash, end of the period                                                                 $          347,913     $           4,825
                                                                                        =========================================

Supplemental disclosure of cash flow information:
    Cash paid for the year for income tax purposes                                      $                -      $              -
                                                                                        =========================================
    Cash paid for the year for interest                                                 $                -      $              -
                                                                                        =========================================
</table>


                            SEE ACCOMPANYING NOTES

                                       F3

<page>

                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
               INTERIM STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)
                     for the three months ended May 31, 2007
                             (Stated in US Dollars)
                                   (Unaudited)

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

                                           --------------------------------------------------------------------------

                                          <c>           <c>           <c>             <c>            <c>

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

Acquisition of oil and gas properties          1,500,000        1,500     1,645,413               -      1,646,913
Net loss                                               -            -                    (3,074,397)    (3,074,397)
                                           --------------------------------------------------------------------------

Balance February 28, 2007                     47,000,000       47,000      1,685,913      (3,163,905)    (1,430,992)

Net loss for the period                                -           -               -         (39,126)       (39,126)
                                           --------------------------------------------------------------------------

Balance May 31, 2007                          47,000,000 $     47,000    $ 1,685,913     $ (3,203,031)   $(1,470,118)
                                           ==========================================================================
</table>






                            SEE ACCOMPANYING NOTES

                                       F4

<page>


                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 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 three-month period ended May 31,
              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)       Organization

              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)       Going Concern

              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 May 31,  2007,  the
              Company  had  not  yet   achieved   profitable   operations,   has
              accumulated  losses  of  $3,203,031  since  its  inception,  has a
              working  capital  deficiency  of  $2,039,807  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.


                                       F5
<page>

                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 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 May 31, 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.  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)  Impairment of Long-Lived Assets

              The Company has adopted SFAS 144,  "Accounting  for the Impairment
              and Disposal of Long-lived Assets", which requires that long-lived
              assets to be held and used be  reviewed  for  impairment  whenever
              events or  changes in  circumstances  indicate  that the  carrying
              amount of an asset may not be recoverable. An impairment charge is
              recognized for the amount, if any, which the carrying value of the
              asset  exceeds  the fair value.  The  Company has not  recorded an
              impairment of long-lived  assets for the three month period ending
              May 31, 2007.

                                       F6

<page>

                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 2007
                             (Stated in US Dollars)
                                   (Unaudited)

Note 2        Significant Accounting Policies (continued)
              -------------------------------------------

              f)       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 May 31, 2007,  the Company had no stock  equivalents  that were
              anti-dilutive and excluded in the earnings per share computation.

              g)       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.

Note 3        Other Assets
              ------------
<table>
<caption>
                                                   Cost        Accumulated      Net Book Value       Net Book Value
                                                               Amortization      May 31, 2007         February 2007
                                              --------------------------------------------------------------------------
              
                               <c>            <c>              <c>                    <c>
              Office equipment                    $ 3,629        $ 1,572           $ 2,057               $ 2,239
              Computer equipment                    1,433          1,094               339                   447

                                              --------------------------------------------------------------------------
                                                $   5,062      $   2,666           $ 2,396               $ 2,686
                                              ==========================================================================


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

                                                   Cost        Accumulated      Net Book Value       Net Book Value
                                                               Amortization      May 31, 2007         February 2007
                                              --------------------------------------------------------------------------
              Website development                $ 12,591        $ 5,246           $ 7,345               $ 8,394

                                              --------------------------------------------------------------------------
                                                 $ 12,591        $ 5,246           $ 7,345               $ 8,394
                                              ==========================================================================
</table>





                                       F7

<page>

                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 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 three months ended May 31, 2007 was $300.

              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.

                                       F8

<page>

                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 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 $308,000. 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.



                                  F9 Continued

<page>

                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 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  an  extension  was  granted  by  way of a
              promissory  note,  with an extended  due date to October 31, 2007,
              which bares  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.

              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 a oil 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 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  $1,774,760  are not  secured,  and  have no  defined  terms of
              repayment.  Promissory  notes of $400,000 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
              $27,448 has been accrued in the May 31financial statements.




                                  F10 Continued
<page>

                               QUANTUM ENERGY INC.
                  (formerly Boomers' Cultural Development Inc.)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 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
              --------------

<table>
<caption>
                                                            Accumulated           Net Book Value           Net Book Value
                                            Cost           Amortization            May 31, 2007          February 28, 2007
                                        -------------- ---------------------- ----------------------- -------------------------
              
                         <c>                <c>                    <c>                     <c>
              Well equipment              $ 127,998          $ 32,000                $ 95,998                $ 102,398
                                        -------------- ---------------------- ----------------------- -------------------------
</table>















                                       F11

<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 401 - 1529  West 6th  Avenue,  Vancouver,  British
Columbia, Canada, V6J1R1. The Company's telephone number is (604)737-8180.

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,  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.


Financial Condition and Results of Operations

For the three-month  period ended May 31, 2007, the Company  received revenue of
$30,873 from  production  of oil and gas from the Barnett Shale  properties,  as
compared to no revenue for the fiscal period ended May 31, 2006.


For the  three-month  period ended May 31,  2007,  the Company had a net loss of
approximately  $39,126,  as compared to a net loss of $6,592 for the three-month
period ended May 31, 2006, an increase of approximately 83%.


This  increase  in the net  loss was the  result  of  increase  in  general  and
administrative  expenses,  which totaled  $32,830 for the three months ended May
31, 2007,  compared to $6,592 for the three months ended May 31, 2006,  which in
turn, was the result of an increase in legal and accounting fees incurred by the
Company during this quarter.

Liquidity and Capital Resources

The Company had cash of $347,913 as of May 31, 2007, compared to cash of $58,316
as of February 28, 2007. The increase is due to sale of assets in Corsicana. The

                                       2

<page>

Company had a working capital deficit of $2,039,807 as of May 31, 2007, compared
to working capital deficit of 2,008,720 as of February 28, 2007. The decrease in
working capital was substantially  due to increased  general and  administrative
expenses incurred by the Company during this quarter.

The  Company  will  continue  to  utilize  the free labor of its  directors  and
stockholders until such time as funding is sourced from the capital markets.  It
is anticipated that substantial  additional funding will be required to maintain
the Company for the next twelve months.

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

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

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

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

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


ITEM 3. CONTROLS AND PROCEDURES.

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

                                       3

<page>

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 May 31, 2007, pursuant to Rule 13a-15(b) under the
Securities  Exchange Act. Based upon that evaluation,  the Company's  Certifying
Officers concluded that, as of May 31, 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.



ITEM 6.               EXHIBITS
<table>
<caption>
     Exhibit
     Number*                          Description of Exhibit                                  Location

     <c>          
                                                           

      Item 3       Articles of Incorporation and Bylaws

       3.1         Articles of Incorporation                                     Incorporated by reference from the
                                                                                 Registration Statement Amendment 2
                                                                                 on Form SB-2 filed October 26,
                                                                                 2004, SEC File No. 333-118138.

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

       3.3         Articles of Amendment                                         Incorporated by reference from
                                                                                 10-KSB annual report filed on June
                                                                                 14, 2006, SEC File No. 333-118138.
     Item 10       Material Contracts

       10.5                                                                      Incorporated  by reference from the
                   Extension Agreement between Nitro Petroleum and Quantum Form  10 - QSB  filed  January  12,
                   Energy Inc. dated November 1, 2006                            2007, SEC File No. 333-118138

       10.6        Promissory Note 2 dated November 1, 2006                     Incorporated  by reference from the
                                                                                 Form  10 - QSB  filed  January  12,
                                                                                 2007, SEC File No. 333-118138

       10.7        General  Security   Agreement  between  Nitro  Petroleum  and Incorporated   by  reference  from
                   Quantum Energy Inc. dated November 7, 2006                    the  Form  10 - QSB  filed  January
                                                                                12, 2007, SEC File No. 333-118138

</table>

                                       4

<page>

<table>
<caption>
      <c>          
                                                           


                                                                                 Incorporated by reference from
                                                                                 8K form filed February 28,
       10.8        Settlement Agreement and Mutual Release dated January 31,     2007-05-31 SEC file No. 333-118138
                   2007

       10.9        Extension Agreement 2 dated February 28, 2007 between Nitro  Incorporated by reference from
                    Petroleum Incorporated and Quantum Energy Inc. including    10-KSB annual report filed on June
                   promissory note                                              12, 2007, SEC File No. 333-118138.

      10.10        Promissory Note dated January 12, 2007 in the amount of      Incorporated by reference from
                   $25,000.00 (USD) payable to Coach Capital LLC                10-KSB annual report filed on June
                                                                                14, 2006, SEC File No. 333-118138.

      10.11        Consulting agreement dated February 28, 2007 between Quantum Incorporated by reference from
                   Energy Inc. and T. Kozub Enterprises Ltd.                    10-KSB annual report filed on June
                                                                                14, 2006, SEC File No. 333-118138.

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

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

     Item 32       Section 1350 Certifications

       32.1        Certification of Chief Executive  Officer and Chief Financial
                   This filing  Officer  pursuant to 18 U.S.C.  Section 1350, as
                   adopted pursuant to Section 906 of the  Sarbanes-Oxley Act of
                   2002
</table>
     ---------------
*    The number  preceding the decimal  indicates the  applicable  SEC reference
     number in Item 601, and the number  following  the decimal  indicating  the
     sequence of the particular document.



                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  registrant  has duly  caused  this report to be signed on its
behalf by the undersigned,  thereunto duly authorized, on this 13th day of July,
2007.
                               QUANTUM ENERGY INC.
By:   /s/ Shane Lowry
      -----------------------------------------------------
      Shane Lowry
      President


                                       5