UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington,
D.C. 20549  FORM 10-Q  (Mark One)  xQuarterly report
under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the
quarterly period ended September 30, 2008.  oTransition report
under Section 13 or 15(d) of the Securities Exchange Act of 1934 (No fee
required) for the transition period from _____________ to
 _______________.   Commission file number: 000-27693  NOVA ENERGY, INC.   (Name of Small Business Issuer in its Charter)  Nevada
98-0211769(State of Incorporation)
(I.R.S. EmployerIdentification No.)   2050 Russet Way, Ste. 130 Carson City, NV 89703 (Address of principal executive offices) (Zip Code)  (775-720-9411) (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 small business issuer was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days.   Yes
o   No x  Indicate by check mark whether the small business issuer is a
shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes
o   No x  APPLICABLE ONLY TO CORPORATE ISSUERS:  As of
September 30, 2008, the number of the Company's shares of par value $.001 common
stock outstanding was 3,422,400.  Transitional Small Business Disclosure format (check one):
 Yes o   No x     TABLE
OF CONTENTS   PagePART IITEM 1.
CONDENSED
FINANCIAL STATEMENTS
3Nova Energy,
Inc. Condensed Consolidated
4Balance
SheetsNova Energy,
Inc. Condensed Consolidated
5Statements of
Operations (Unaudited)Nova Energy,
Inc. Condensed Consolidated
7Statements of
Cash Flows (Unaudited)ITEM 2.
MANAGEMENT'S
DISCUSSION AND
ANALYSIS OR
PLAN OF OPERATION
13PART IIITEM 1.
LEGAL
PROCEEDINGS
15ITEM 2.
CHANGES IN
SECURITIES
15ITEM 3.
DEFAULTS UPON
SENIOR SECURITIES
15ITEM 4.
SUBMISSION TO A
VOTE OF SECURITY HOLDERS
15ITEM 5.
OTHER
15ITEM 6.
EXHIBITS AND
REPORTS ON FORM 8-K
16SIGNATURES
16   2      Nova
Energy, Inc. (Exploration Stage Company) Financial Statements September 30, 2008     3    Nova
Energy, Inc. (Exploration Stage Company) Balance
Sheets  September 30,

June 30,2008

2008(Unaudited)

(Audited)ASSETSCurrent
AssetsCash
$
70,636
$
103,003Accounts
Receivable

-

-Total
Current Assets

70,636

103,003Fixed
AssetsEquipment

84,924

84,924Accumulated
Depreciation

(52,370)

(48,123)Total
Fixed Assets

32,554

36,801Other
AssetsInvestment -
Working Interest

-

-Total
Assets
$
103,190
$
139,804LIABILITIES AND STOCKHOLDERS' EQUITYLiabilitiesCurrent
LiabilitiesAccounts
Payable
$
325
$
1,549Accrued
Interest

120,543

106,078Accrued
Salaries

312,600

297,600Convertible
Note Payable - related party

510,722

526,679Total
Current Liabilities

944,190

931,906Long Term
Liabilities-

-Total
Long Term Liabilities

-

-Total
Liabilities

944,190

931,906Stockholders'
EquityCommon Stock,
authorized 52,000,000 shares, par value$0.001,3,422,400
and 3,433,301, respectively, issued and outstanding

3,422

3,422Paid in
Capital

511,182

511,182Retained
Earnings

(1,355,605)

(1,306,706)Total
Stockholders' Equity

(841,001)

(792,102)Total
Liabilities and Stockholders' Equity
$
103,190
$
139,804The accompanying notes are an integral part of these
statements  4   Nova Energy, Inc. (Exploration Stage Company) Statements of Operations  December 31For the Quarter Ended

2002 (Inception)September 30,

September 30,

September 30,2008

2007

2008RevenueProduction
Oil/Gas Sales
$
-
$
17,739
$
276,599Cost of Goods
SoldProduction
Expenses

-

13,606

99,383ExpensesGeneral
and Administrative

30,184

36,219

724,464Professional
Fees

4,250

4,476

55,597Consulting
Fees

-

-

54,825Well
Re-Development Expense

-

-

72,478Total
Expenses

34,434

40,695

907,364Other
Income/ExpenseInterest
Income

-

-

1,675Interest
Expense

(14,465)

(14,465)

(120,543)Net
(Loss)
$
(48,899)
$
(51,027)
$
(1,355,605)Basic and
Diluted(Loss)
per Share

(.00)

(.00)

(.00)Weighted
AverageNumber
of Shares

33,453,333

33,453,333

33,453,333The accompanying notes are an integral part of these
notes  5   Nova Energy, Inc. (Exploration Stage Company) Statements of Stockholders Equity  Common Stock

Paid in

Accumulated

TotalShares

Amount

Capital

Deficit

EquityBalance, June 30, 2004
17,000
$
17
$
153
$
(201,575)
$
(201,405)Common Shares issued for services
3,010,000

3,010

27,090

-

30,100Shares issued for debt settlement
300,000

300

2,700

-

3,000Net (Loss)
-

-

-

(69,323)

(69,323)Balance, June 30, 2005
3,327,000
$
3,327
$
29,943
$
(270,898)
$
(237,628)Net (Loss)
-

-

-

(82,953)

(82,953)Balance, June 30, 2006
3,327,000
$
3,327
$
29,943
$
(353,851)
$
(320,581)July 2006, Paid in Capital
50,000

50

374,950

-

375,000Sept 2006, Paid in Capital
56,450

57

564,443

-

564,500Sept 2006, Conv. Promissory Note - D. Bodard
-

-

(458,100)

-

(458,100)Adjustment to agree with stock agent
(149)

(1)

1

-

-Net (Loss)
-

-

-

(71,442)

(71,442)Balance, December 31, 2006
3,433,301
$
3,433
$
511,237
$
(425,293)
$
89,378Jan 2007, Stock Adjustment
-

-

(66)

-

(66)Net (Loss)
-

-

-

(31,029)

(31,029)Balance, March 31, 2007
3,433,301
$
3,433
$
511,171
$
(456,322)
$
58,283Net (Loss)
-

-

-

(87,730)

(87,730)Balance, June 30, 2007
3,433,301
$
3,433
$
511,171
$
(544,052)
$
(29,448)Net (Loss)
-

-

-

(51,027)

(51,027)Balance, September 30, 2007
3,433,301
$
3,433
$
511,171
$
(595,079)
$
(80,475)Net (Loss)
-

-

-

(28,232)

(28,232)Balance, December 31, 2007
3,433,301
$
3,433
$
511,171
$
(623,311)
$
(108,707)Stock Adjustment
(10,901)
$
(11)
$
11
$
-
$
-Net (Loss)
-

-

-

(117,921)

(117,921)Balance, March 31, 2008
3,422,400
$
3,422
$
511,182
$
(741,232)
$
(226,628)Net (Loss)
-

-

-

(565,474)

(565,474)Balance, June 30, 2008
3,422,400
$
3,422
$
511,182
$
(1,306,706)
$
(792,102)Net (Loss)
-

-

-

(48,899)

(48,899)Balance, September 30, 2008
3,422,400
$
3,422
$
511,182
$
(1,355,605)
$
(841,001)The accompanying notes are an integral
part of these statements  6   Nova Energy, Inc. (Exploration Stage Company) Statements of Cash Flows  For the quarter

For the quarter

December 31,ended

ended

2002 (Inception)September 30,

September 30,

to
September 30,2008

2007

2008Operating
ActivitiesNet
(Loss)
$
(48,899)
$
(51,027)
$
(1,355,605)Depreciation

4,246

4,246

52,370Increase
in Accounts Receivable

-

(2,549)

-Increase
in Accounts Payable

-

3,932

325Increase
in Accrued Expenses

29,465

29,465

433,143Decrease
in Accounts Receivable

-

-

-Decrease
in Accounts Payable

(1,224)

-

-Decrease
in Accrued Expenses

-

-

-Increase
in Shareholder Payable

-

-

-Decrease
in Shareholder Payable

(15,955)

(11,122)

(53,778)Net Cash (Used)
by Operating Activities

(32,367)

(27,055)

(923,545)Investing
ActivitiesInvestment
- Working Interest

-

-

-Capital
Expenditures

-

-

(84,924)Cash Provided
by Investing Activities

-

-

(84,924)Financing
ActivitiesConvertible
Notes Payable

-

-

564,500Proceeds
from Contributed Capital

-

-

480,271Proceeds
from Sale of Common Stock

-

-

34,333Cash Provided
by Financing Activities

-

-

1,079,104Net Increase in
Cash

(32,367)

(27,055)

70,636Cash, Beginning
of Period

103,003

127,470

-Cash, End of
Period
$
70,636
$
100,415
$
70,636Supplemental
Information:Interest
Paid
$
-
$
-
$
-Income
Taxes Paid
$
-
$
-
$
-The accompanying notes are an integral part of these
statements  7   NOTES TO UN-AUDITED FINANCIAL STATEMENTS OF NOVA ENERGY, INC.
(EXPLORATION STAGE COMPANY) FOR THE QUARTER ENDING SEPTEMBER 30, 2008  NOTE 1
- BASIS OF PRESENTATION  The
accompanying un-audited financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America.  Management's Use of Estimates - The preparation of financial
statements in conformity with accounting principles generally accepted in the
United States of America requires management to make estimates and assumptions
that effect the reported amounts of assets and liabilities, disclosures of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.  Fair
Value of Financial Instruments - The carrying amounts of financial instruments
including other current assets, accounts payable and other current liabilities
approximated fair value because of the immediate short-term maturity of these
instruments.  Income
Taxes - Income taxes are provided for the tax effects of transactions reported
in the financial statements and consist of deferred taxes related primarily to
differences between the basis of certain assets and liabilities for financial
and tax reporting and net operating loss-carry forwards. Deferred taxes
represent the future tax return consequences of those differences, which will
either be taxable or deductible when the assets and liabilities are recovered or
settled. The
income tax benefit consists of taxes currently refundable due to net operating
loss carry back provisions less the effects of accelerated depreciation for the
federal government. Deferred tax assets are reduced by a valuation allowance
when, in the opinion of management, it is more likely than not that some portion
or the entire deferred tax asset will not be realized. Deferred tax assets and
liabilities are adjusted for the effect of changes in tax laws and rates on the
date of enactment.  Earnings (Loss) Per Share - The Company reports earnings (loss)
per share in accordance with Statement of Financial Accounting Standard (SFAS)
No.128. This statement requires dual presentation of basic and diluted earnings
(loss) with a reconciliation of the numerator and denominator of the loss per
share computations. Basic earnings per share amounts are based on the weighted
average shares of common outstanding. If applicable, diluted earnings per share
assume the conversion, exercise or issuance of all common stock instruments such
as options, warrants and convertible securities, unless the effect is to reduce
a loss or increase earnings per share. Accordingly, this presentation has been
adopted for the periods presented. There were no adjustments required to net
income for the period presented in the computation of diluted earnings per
share. There were no common stock equivalents (CSE) necessary for the
computation of diluted loss per share.  Fixed
Assets - Fixed assets are recorded at cost and include expenditures that
substantially increase the productive lives of the existing assets. Maintenance
and repair costs are expensed as incurred. Depreciation is provided using the
straight-line method. Depreciation of property and equipment is calculated over
the management prescribed recovery periods, which range from 5 years for
equipment to 7 years for furniture and fixtures. When a
fixed asset is disposed of, its cost and related accumulated depreciation are
removed from the accounts. The difference between un-depreciated cost and
proceeds from disposition is recorded as a gain or loss.  Advertising Costs - Advertising costs are expensed as incurred.
The Company does not incur any direct-response advertising costs.  There
has been no advertising costs since inception.  8   Revenue Recognition - Revenue is recognized on an accrual basis,
when revenue is earned. Oil and Gas Revenues are received on a monthly basis
subject to oil production and sales to refinery. Revenues can be effected by
weather conditions and/or market deliveries.  Comprehensive Income (Loss) - The Company adopted Financial
Accounting Standards Board Statement of Financial Accounting Standards No. 130,
Reporting Comprehensive Income", which establishes standards for the reporting
and display of comprehensive income and its components in the financial
statements. There were no items of comprehensive income (loss) applicable to the
Company during the year covered in the financial statements.  Long-Lived Assets - In accordance with Financial Accounting
Standards Board Statement of Financial Accounting Standard No.121 "Accounting
for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed
Of, the carrying value of long-lived assets is reviewed by management on a
regular basis for the existence of facts or circumstances, both internally and
externally, that may suggest impairment. To date, no such impairment has been
indicated. Should there be impairment in the future; the Company will recognize
the amount of the impairment based on discounted expected consolidated future
cash flows from the impaired assets.  Cash
and Cash Equivalents - For purposes of the Statements of Cash Flows, the Company
considers liquid investments with an original maturity of three months or less
to be cash equivalents.  Recent
Accounting Pronouncements - In January 2003, the FASB issued FIN No. 46,
"Consolidation of Variable Interest Entities". FIN No. 46 requires the
consolidation of entities that cannot finance their activities without the
support of other parties and that lack certain characteristics of a controlling
interest, such as the ability to make decisions about die entity's activities
via voting rights or similar rights. The entity that consolidates the variable
interest entity is the primary beneficiary of the entity's activities. FIN No.
46 applies immediately to variable interest entities created after January
31,2003, and must be applied in the first period beginning after June 15, 2003
for entities in which an enterprise holds a variable interest entity that it
acquired before February 1, 2003. The adoption of this standard did not have an
impact on the Company's financial statements.  RECENT
ACCOUNTING PRONOUNCEMENTS  In May
2008, the Financial Accounting Standards Board (FASB) issued SFAS No. 163,
Accounting for Financial Guarantee Insurance Contracts-and interpretation of
FASB Statement No. 60.  SFAS No. 163 clarifies how Statement 60 applies to
financial guarantee insurance contracts, including the recognition and
measurement of premium revenue and claims liabilities. This statement also
requires expanded disclosures about financial guarantee insurance contracts.
SFAS No. 163 is effective for fiscal years beginning on or after December 15,
2008, and interim periods within those years. SFAS No. 163 has no effect on the
Companys financial position, statements of operations, or cash flows at this
time.  In May
2008, the Financial Accounting Standards Board (FASB) issued SFAS No. 162,
The Hierarchy of Generally Accepted Accounting Principles.  SFAS No. 162
sets forth the level of authority to a given accounting pronouncement or
document by category. Where there might be conflicting guidance between two
categories, the more authoritative category will prevail. SFAS No. 162 will
become effective 60 days after the SEC approves the PCAOBs amendments to AU
Section 411 of the AICPA Professional Standards. SFAS No. 162 has no effect on
the Companys financial position, statements of operations, or cash flows at
this time.  9   In March 2008, the Financial Accounting Standards Board, or FASB,
issued SFAS No. 161, Disclosures about Derivative Instruments and Hedging
Activitiesan amendment of FASB Statement No. 133.  This standard
requires companies to provide enhanced disclosures about (a) how and why an
entity uses derivative instruments, (b) how derivative instruments and related
hedged items are accounted for under Statement 133 and its related
interpretations, and (c) how derivative instruments and related hedged items
affect an entitys financial position, financial performance, and cash flows.
This Statement is effective for financial statements issued for fiscal years and
interim periods beginning after November 15, 2008, with early application
encouraged. The Company has not yet adopted the provisions of SFAS No. 161, but
does not expect it to have a material impact on its consolidated financial
position, results of operations or cash flows.  In
December 2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110 regarding
the use of a "simplified" method, as discussed in SAB No. 107 (SAB 107), in
developing an estimate of expected term of "plain vanilla" share options in
accordance with SFAS No. 123 (R), Share-Based Payment.  In particular,
the staff indicated in SAB 107 that it will accept a company's election to use
the simplified method, regardless of whether the company has sufficient
information to make more refined estimates of expected term. At the time SAB 107
was issued, the staff believed that more detailed external information about
employee exercise behavior (e.g., employee exercise patterns by industry and/or
other categories of companies) would, over time, become readily available to
companies. Therefore, the staff stated in SAB 107 that it would not expect a
company to use the simplified method for share option grants after December 31,
2007. The staff understands that such detailed information about employee
exercise behavior may not be widely available by December 31, 2007. Accordingly,
the staff will continue to accept, under certain circumstances, the use of the
simplified method beyond December 31, 2007. The Company currently uses the
simplified method for plain vanilla share options and warrants, and will
assess the impact of SAB 110 for fiscal year 2009. It is not believed that this
will have an impact on the Companys consolidated financial position, results of
operations or cash flows.  In
December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statementsan amendment of ARB No. 51.  This
statement amends ARB 51 to establish accounting and reporting standards for the
noncontrolling interest in a subsidiary and for the deconsolidation of a
subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an
ownership interest in the consolidated entity that should be reported as equity
in the consolidated financial statements. Before this statement was issued,
limited guidance existed for reporting noncontrolling interests. As a result,
considerable diversity in practice existed. So-called minority interests were
reported in the consolidated statement of financial position as liabilities or
in the mezzanine section between liabilities and equity. This statement improves
comparability by eliminating that diversity. This statement is effective for
fiscal years, and interim periods within those fiscal years, beginning on or
after December 15, 2008 (that is, January 1, 2009, for entities with calendar
year-ends). Earlier adoption is prohibited. The effective date of this statement
is the same as that of the related Statement 141 (revised 2007). The Company
will adopt this Statement beginning March 1, 2009. It is not believed that this
will have an impact on the Companys consolidated financial position, results of
operations or cash flows.  In
December 2007, the FASB, issued FAS No. 141 (revised 2007), Business
Combinations.This Statement replaces FASB Statement No. 141, Business
Combinations, but retains the fundamental requirements in
Statement 141.  This Statement establishes principles and
requirements for how the acquirer: (a) recognizes and measures in its financial
statements the identifiable assets acquired, the liabilities assumed, and any
noncontrolling interest in the acquiree; (b) recognizes and measures the
goodwill acquired in the business combination or a gain from a bargain purchase;
and (c) determines what information to disclose to enable users of the financial
statements to evaluate the nature and financial effects of the business
combination. This statement applies prospectively to business combinations for
which the acquisition date is on or after the beginning of the first annual
reporting period beginning on or after December 15, 2008. An entity may not
apply it before that date. The effective date of this statement is the same as
that of the related FASB Statement No. 160, Noncontrolling Interests in
Consolidated Financial Statements.  The Company will adopt this
statement beginning March 1, 2009. It is not believed that this will have an
impact on the Companys consolidated financial position, results of operations
or cash flows.  10   In February 2007, the FASB, issued SFAS No. 159, The Fair Value
Option for Financial Assets and LiabilitiesIncluding an Amendment of FASB
Statement No. 115.  This standard permits an entity to choose to
measure many financial instruments and certain other items at fair value. This
option is available to all entities. Most of the provisions in FAS 159 are
elective; however, an amendment to FAS 115 Accounting for Certain Investments in
Debt and Equity Securities applies to all entities with available for sale or
trading securities. Some requirements apply differently to entities that do not
report net income. SFAS No. 159 is effective as of the beginning of an entities
first fiscal year that begins after November 15, 2007. Early adoption is
permitted as of the beginning of the previous fiscal year provided that the
entity makes that choice in the first 120 days of that fiscal year and also
elects to apply the provisions of SFAS No. 157 Fair Value
Measurements.  The Company will adopt SFAS No. 159 beginning March 1,
2008 and is currently evaluating the potential impact the adoption of this
pronouncement will have on its consolidated financial statements.  In
September 2006, the FASB issued SFAS No. 157, Fair Value Measurements This
statement defines fair value, establishes a framework for measuring fair value
in generally accepted accounting principles (GAAP), and expands disclosures
about fair value measurements. This statement applies under other accounting
pronouncements that require or permit fair value measurements, the Board having
previously concluded in those accounting pronouncements that fair value is the
relevant measurement attribute. Accordingly, this statement does not require any
new fair value measurements. However, for some entities, the application of this
statement will change current practice. This statement is effective for
financial statements issued for fiscal years beginning after November 15, 2007,
and interim periods within those fiscal years. Earlier application is
encouraged, provided that the reporting entity has not yet issued financial
statements for that fiscal year, including financial statements for an interim
period within that fiscal year. The Company will adopt this statement March 1,
2008, and it is not believed that this will have an impact on the Companys
consolidated financial position, results of operations or cash flows.  NOTE 2
SEGMENTS  Statement of Financial Accounting Standards No. 131, "Disclosures
about Segments of an Enterprise and Related Information" requires companies to
report information about operating segments in interim and annual financial
statements. It also requires segment disclosures about products and services,
geographic areas and major customers. The Company determined that it did not
have any material, separately reportable operating segments as of September 30,
2008  NOTE 3
 GOING CONCERN  The
accompanying financial statements have been prepared assuming that the company
will continue as a going concern.  The Companys activities have been
primarily supported by loans from the Companys President and the acquisition of
the aforementioned working interest in one of its wells.  It has sustained
losses in all previous reporting periods with an inception to date loss of $
1,355,605 as of September 30, 2008.  Management continues to seek funding
from its shareholders and other qualified investors to pursue its business
plan.  NOTE 4 - RELATED
PARTY TRANSACTIONS  As a
result of financial assistance provided the Company by Daymon Bodard, the
Company executed a Convertible Promissory Note in the amount of $564,500 on
August 26, 2006. The Note is unsecured and interestaccrues annually at the statutory interest rate for the state of Nevada. There
is no penalty for prepayments.  NOTE 5
 ACCRUED SALARIES  Salaries are being accrued for Daymon Bodard at $5,000 per
month.  11   NOTE 6  STATEMENT OF STOCKHOLDERS EQUITY  On
April 22, 2008 the company effected a 1 for 10 reverse stock split.  The
Stockholders Equity has been restated since inception to reflect the stock
split.  NOTE 7
 MANAGEMENT DISCUSSION  The
Company continues to focus on opportunities available in the area known as the
Barnett-Shale oil and gas fields in the state of Texas as well as the Re-work
programs (previously announced) developing in the Northwest Texas (Taylor
County). Management feels that the current downturn in the credit/lending
marketplace and the uncertainty in the U.S. economy, combined with the U. S.
Presidential race not being completed as yet, has factored into our ability to
raise funds for the continued development of our current projects. However,
management feels that these are only temporary issues and will be resolved
shortly. To provide better access to information about the Company, management
has created a webpage at www.novaeneryinc.com and will continue to
maintain and update information about the Company as it occurs.  I,
Daymon Bodard, President and Director of Nova Energy, Inc. hereby certifies that
the financial statements and related footnotes hereto present fairly, in all
material respect, the financial position of Nova Energy, Inc., and the results
of its operations and cash flows as of and for the quarter ending September 30,
2008, in conformity with accounting principles generally accepted in the United
States, consistently applied.  NOVA
ENERGY, INC. By:
/s/ Daymon Bodard, President  12   Item 2.  MANAGEMENTS DISCUSSION FOR ANALYSIS OR PLAN OF
OPERATION  The
following discussion and analysis should be read in conjunction with the
financial statements and notes of Our, Inc. (hereinafter referred to as, Nova,
our or, we) thereto included elsewhere in this Form 10-Q.  Except
for the historical information contained herein, the discussion in this Form
10-Q as amended contains certain forward looking statements that involve risks
and uncertainties, such as statements of Our plans, objectives, expectations and
intentions. The cautionary statements made in this Form 10-Q should be read as
being applicable to all related forward statements wherever they appear in this
Form 10-Q. Our actual results could differ materially from those discussed
here.  Other
than what has been disclosed herein and in the year end financial report for
year 2008, filed on September 28th, 2008, the Company is not aware of any
immediate circumstances or trends which would have a negative impact upon future
sales or earnings.  There have been no material fluctuations in the
standard seasonal variations of the Company business.   The
accompanying financial statements include all adjustments, which in the opinion
of management are necessary in order to make the financial statements not
misleading.  Nature of Business.   We recently had a working interest in operating oil and gas wells
located in the Barnett Shale area in central Texas. This portfolio of working
interests provides the Company with a foundation to execute its business plan by
achieving growth through its investments. The aforementioned wells developed
severe highline pressure and essentially stopped producing oil or gas.  The
drilling operators required the Company to invest an additional $75,000 to
refrac one of the wells or as an option, sell the both wells back to the
operators. The Company made the business decision to sell the wells to the
operators rather than continuing to invest in non-producing wells.  The oil
and natural gas industry have a history of demonstrated, long term, fundamental
strength and viability. We expect to position the Company for expanded
growth.  The
Companys strategic objectives continue to be:  -
Research and identify known, proven, developed reserves that present low risk
opportunities;  -
Continue to review opportunities with potential joint venture partners with
proven track records in the oil and gas sector; and  - To
grow the Company and achieve exponential growth in order to build value per
share.  We
expect to continue to develop our business plan by locating, researching and
investing in quality drilling targets. We believe that in-depth research of
lease ownership, on-site visits as well as historical analysis of potential
drilling targets are paramount. Combining new technology that is now available
and being successfully used in the recovery of new deposits by other oil and gas
companies, could help reduce the risks traditionally associated with the
development of new or existing oil and gas reserves.  Based on current
engineering reports, well logs, site visits and the history and long-term
experiences of the operating company, Nova Energy, Inc. believes that key areas
of Texas will continue to be commercially viable and provide new opportunities
for Nova Energy, Inc. and will build long-term shareholder value.  13   BIOGRAPHIES  Daymon Bodard, President, director and CFO, 55 years old, has a university degree in Business Administration and
Management.In addition to being the President of Nova
Energy, Inc., since 2002, he has been President of a private company, MSI
Management Services, Inc., a general business management consulting services
company which has provided general consulting services for private companies
that are involved in the oil/gas energy sector.  He presently owns
1,352,643 shares, which represents 39.5% of the Companys issued and outstanding
common stock.  Work
History:  2002  Current- President Nova Energy, Inc.  1990 - 1994 - National Sales Manager for International Tobacco Company.  1994  Current- Independent business owner with operations in the natural
resources industry.   I. CAPITAL RESOURCES AND LIQUIDITY  During
the quarter ended September 30, 2008, there were no issuances of the Company's
common stock.   II. RESULTS OF OPERATIONS  The
accompanying consolidated financial statements have been prepared assuming that
the Company will continue as a going concern. However, the Company has incurred
a net loss of $48,899 for the three month period ended September 30, 2008, or,
($0.00) per share (basic and diluted) on no revenues compared to a loss of
($51,027) for the first quarter ended September 30, 2007. The loss in the first
quarter of 2008 can be contributed to the fact the Company had no revenues yet
still had administrative expenses. During the three month period ended September
30, 2008, the Company has used cash in the amount of $32,367 in its operating
activities as opposed to $27,055 for the period ending September 30, 2007. The
total liabilities and stockholder's deficit for the quarter ended September 30,
2008 was $103,190. The total liabilities and stockholder's deficit for the year
ended June 30, 2008 was 139,804. These conditions raise 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 (i) raising
additional capital to fund operations (ii) the further development of oil and
gas lease interests which have been presented to the company by various oil and
gas operators and, (iii) ultimately, the achievement of profitable
 operations.  Management is currently contemplating several additional
financing sources to fund operations until profitability can be achieved.
However, there can be no assurance that additional financing can be obtained on
conditions considered by management to be reasonable and appropriate, if at all.
The financial statements do not include any adjustments that might arise as a
result of this uncertainty.  During
the first quarter ended September 30, 2008, the Companys common stock was very
thinly traded, trading between $.20 and $.25.  One may construe this as a
cautionary indication of the Companys ability to continue as a going concern.   14   III. RELATED PARTY TRANSACTIONS  There
were no related party transactions during the period ended September 30,
2008.  ITEM 3.
 CONTROLS AND PROCEDURES.  The
Company maintains disclosure controls and procedures that are designed to ensure
that information required to be disclosed in the Company's Exchange Act reports
is recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms, and that such information is accumulated
and communicated to the Company's management, including its Chief Executive
Officer who is Daymon Bodard, and Chief Financial Officer, who is also, Daymon
Bodard, as appropriate, to allow timely decisions regarding required disclosure
based closely on the definition of "disclosure controls and procedures" in Rule
13a-14(c). In designing and evaluating the disclosure controls and procedures,
management recognized that any controls and procedures, no matter how well
designed and operated, can provide only reasonable assurance of achieving the
desired control objectives, and management necessarily was required to apply its
judgment in evaluating the cost-benefit relationship of possible controls and
procedures.  An
evaluation was carried out under the supervision and with the participation of
our management, including our Chief Executive Officer and Chief Financial
Officer, of the effectiveness of the design and operation of our disclosure
controls and procedures (as defined in Rule13a-14(c) under the Securities
Exchange Act of 1934) as of September 30, 2008. Based upon that evaluation, the
Chief Executive Officer and Chief Financial Officer concluded that the design
and operation of these disclosure controls and procedures were effective. No
significant changes were made in our internal controls or in other factors that
could significantly affect these controls subsequent to the date of their
evaluation.  PART
II. OTHER INFORMATION  ITEM 1.
LEGAL PROCEEDINGS  We are
not aware of any legal proceedings involving Nova Energy, Inc., during the
period ended September 30, 2008.  ITEM 2.
CHANGES IN SECURITIES AND USE OF PROCEEDS   None.  ITEM 3.
DEFAULTS UPON SENIOR SECURITIES   None.  ITEM 4.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS   None.  ITEM 5.
OTHER  During
the period ended September 30, 2008, we terminated our relationship with First
American Stock Transfer of Phoenix, AZ, and engaged Action Stock Transfer Corp
of Salt Lake City, UT.  15   On September 21, 2008, we filed a Form 10 with the Securities and
Exchange Commission. On October 8, 2008, we filed an amended Form 10.  It
is our objective to seek listing on the Over the Counter Bulletin Board
Exchange.  ITEM 6.
EXHIBITS AND REPORTS ON FORM 8-K  Number Description  31.1 Certification by Chief Executive Officer and Chief Financial
Officer, required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act,
promulgated pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  32.1 Certification by Chief Executive Officer and Chief Financial
Officer, required by Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and
Section 1350 of Chapter 63 of Title 18 of the United States Code, promulgated
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.     SIGNATURES  Pursuant to the requirements of the Securities Exchange Act of
1934, the small business issuer has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized this 5th day of November
2008.  Nova Energy, Inc.  /s/ Daymon
Bodard, President, Director &
CFO  16