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

                                    FORM 10-Q

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
    ACT OF 1934

                       For the quarter ended June 30, 2008

                                       OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

            For the transition period from __________ to __________

                        Commission File Number 333-141060


                         MINHAS ENERGY CONSULTANTS, INC.
             (Exact name of registrant as specified in its charter)

             Nevada                                              98-0518266
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

             Suite 110, 1915 - 27 Avenue NE Calgary Alberta T2E 7E4
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (403) 735-5009

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 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. Yes [X] No [ ]

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated filer, a non-accelerated  filer, or a smaller reporting company. See
the definitions of "large accelerated  filer,"  "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]                        Accelerated filer [ ]
Non-accelerated filer [ ]                          Smaller reporting company [X]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [X]

Number of shares  outstanding  of the  registrant's  class of common stock as of
July 29,2008: 6,475,000

Authorized share capital of the registrant: 100,000,000 common shares, par value
of $0.001

The Company recorded $nil revenue for the nine months ended June 30, 2008.
<PAGE>
                           FORWARD-LOOKING STATEMENTS

THIS QUARTERLY REPORT ON FORM 10-Q CONTAINS  PREDICTIONS,  PROJECTIONS AND OTHER
STATEMENTS ABOUT THE FUTURE THAT ARE INTENDED TO BE "FORWARD-LOOKING STATEMENTS"
WITHIN THE MEANING OF SECTION 21E OF THE  SECURITIES  EXCHANGE  ACT OF 1934,  AS
AMENDED (COLLECTIVELY, "FORWARD-LOOKING STATEMENTS"). FORWARD-LOOKING STATEMENTS
INVOLVE  RISKS AND  UNCERTAINTIES.  A NUMBER OF  IMPORTANT  FACTORS  COULD CAUSE
ACTUAL  RESULTS  TO  DIFFER   MATERIALLY  FROM  THOSE  IN  THE   FORWARD-LOOKING
STATEMENTS. IN ASSESSING FORWARD-LOOKING  STATEMENTS CONTAINED IN THIS QUARTERLY
REPORT  ON FORM  10-Q,  READERS  ARE  URGED  TO READ  CAREFULLY  ALL  CAUTIONARY
STATEMENTS  - INCLUDING  THOSE  CONTAINED  IN OTHER  SECTIONS OF THIS  QUARTERLY
REPORT ON FORM 10-Q.  AMONG SAID  RISKS AND  UNCERTAINTIES  IS THE RISK THAT THE
COMPANY WILL NOT SUCCESSFULLY  EXECUTE ITS BUSINESS PLAN, THAT ITS MANAGEMENT IS
ADEQUATE TO CARRY OUT ITS BUSINESS PLAN AND THAT THERE WILL BE ADEQUATE  CAPITAL
OR THEY MAY BE UNSUCCESSUFL FOR TECHNICAL, ECONOMIC OR OTHER REASONS.

                         PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                                                                     Page Number
                                                                     -----------

     Balance Sheets................................................       3

     Statements of Operations......................................       4

     Statement of Stockholder's Equity.............................       5

     Statements of Cash Flows......................................       6

     Notes to the Financial Statements.............................       7

                                       2
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)

                                 BALANCE SHEETS

                                                     June 30,       December 31,
                                                       2008             2007
                                                     --------         --------
                                                    (unaudited)
ASSETS

Current assets
  Cash                                               $  6,824         $ 35,550
                                                     --------         --------

      Total current assets                              6,824           35,550

Website, net of accumulated amortization (Note 7)       1,161            1,567
                                                     --------         --------

Total assets                                         $  7,985         $ 37,117
                                                     ========         ========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities
  Accounts payable & accrued liabilities             $  1,200         $  3,000
                                                     --------         --------

      Total current liabilities                         1,200            3,000
                                                     --------         --------
Stockholders' equity (Note 4,5)
  Authorized:
    100,000,000 common shares
    Par value $0.001
  Issued and outstanding:
    6,475,000 common shares                             6,475            6,475
  Additional paid-in capital                           96,775           96,775
  Deficit accumulated during the development stage    (96,465)         (69,133)
                                                     --------         --------

Total stockholders' equity                              6,785           34,117
                                                     --------         --------

Total liabilities and stockholders' equity           $  7,985         $ 37,117
                                                     ========         ========


   The accompanying notes are an integral part of these financial statements.

                                       3
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)

                            STATEMENTS OF OPERATIONS
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                                Cumulative Amounts
                                                                                                   From Date of
                             Three Months     Three Months      Six Months       Six Months      Incorporation on
                                ended            ended            ended            ended          May 11, 2006 to
                               June 30,         June 30,         June 30,         June 30,           June 30,
                                 2008             2007             2008             2007               2008
                              ----------       ----------       ----------       ----------         ----------
<S>                           <C>              <C>              <C>              <C>                <C>
REVENUE                       $       --       $       --       $       --       $       --         $       --
                              ----------       ----------       ----------       ----------         ----------
OPERATING EXPENSES
  Amortization                       203              201              406              408              1,277
  General & Administrative         4,207           13,564            9,426           19,959             41,498
  Marketing                           --           18,010           17,500           18,010             52,110
  Organization                        --               --               --               --              1,500
  Website                             --               --               --               --                500
                              ----------       ----------       ----------       ----------         ----------
Loss from operations              (4,410)         (31,775)         (27,332)         (38,377)           (96,885)

Foreign exchange gain                 --               --               --               --                420
                              ----------       ----------       ----------       ----------         ----------

Loss before income taxes          (4,410)         (31,775)         (27,332)         (38,377)           (96,465)

Provision for income taxes            --               --               --               --                 --
                              ----------       ----------       ----------       ----------         ----------

Net loss                      $   (4,410)      $  (31,775)      $  (27,332)      $  (38,377)        $  (96,465)
                              ==========       ==========       ==========       ==========         ==========

Basic and diluted loss per
Common share (1)                      --               --               --               --
                              ==========       ==========       ==========       ==========
Weighted average number
of common shares
outstanding (Note 4)           6,475,000        6,475,000        6,475,000        6,475,000
                              ==========       ==========       ==========       ==========
</TABLE>

----------
(1) less than $0.01


   The accompanying notes are an integral part of these financial statements.

                                       4
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)

                       STATEMENTS OF STOCKHOLDERS' EQUITY
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                         Deficit
                                                                                       Accumulated
                                             Common Stock              Additional      During the          Total
                                         ----------------------         Paid in        Development     Stockholders'
                                         Shares          Amount         Capital           Stage           Equity
                                         ------          ------         -------           -----           ------
<S>                                    <C>            <C>             <C>               <C>              <C>
Inception, May 11, 2006                       --        $    --        $     --        $      --         $     --

Initial capitalization, sale of
common stock to Directors on
May 11, 2006                           4,500,000          4,500                                             4,500

Private placement closed
September 30, 2006                     1,975,000          1,975          96,775                            98,750

Net loss for the year                         --             --              --           (9,055)          (9,055)
                                       ---------        -------        --------        ---------         --------
Balance December 31, 2006              6,475,000          6,475          96,775           (9,055)          94,195

Net loss for the year                         --             --              --          (60,078)         (60,078)
                                       ---------        -------        --------        ---------         --------
Balance December 31, 2007              6,475,000          6,475          96,775          (69,133)          34,117

Net loss for the period                       --             --              --          (27,332)         (27,332)
                                       ---------        -------        --------        ---------         --------

Balance June 30, 2008                  6,475,000        $ 6,475        $ 96,775        $ (96,465)        $  6,785
                                       =========        =======        ========        =========         ========
</TABLE>


   The accompanying notes are an integral part of these financial statements.

                                       5
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)

                            STATEMENTS OF CASH FLOWS
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                                Cumulative Amounts
                                                                                                   From Date of
                                                            Six Months          Six Months       Incorporation on
                                                              ended               ended           May 11, 2006 to
                                                             June 30,            June 30,            June 30,
                                                               2008                2007                2008
                                                             ---------           ---------           ---------
<S>                                                          <C>                 <C>                 <C>
OPERATING ACTIVITIES
  Net loss for the period                                    $ (27,332)          $ (38,377)          $ (96,465)
  Adjustments To Reconcile Net Loss To Net Cash
   Used By Operating Activities
     Amortization expense                                          406                 408               1,277
  Changes in operating assets and liabilities:
     Accounts payable and accrued liabilities                   (1,800)                 --               1,200
                                                             ---------           ---------           ---------
Net cash used in operating activities                          (28,726)            (37,969)            (93,988)
                                                             ---------           ---------           ---------
INVESTING ACTIVITIES
  Website                                                           --                (138)             (2,438)
                                                             ---------           ---------           ---------
Net cash used in investing activities                               --                (138)             (2,438)
                                                             ---------           ---------           ---------
FINANCING ACTIVITIES
  Proceeds from issuance of common stock                            --                  --             103,250
                                                             ---------           ---------           ---------
Net cash provided by financing activities                           --                  --             103,250
                                                             ---------           ---------           ---------

(Decrease) increase in cash during the period                  (28,726)            (38,107)              6,824

Cash, beginning of the period                                   35,550              91,959                  --
                                                             ---------           ---------           ---------

Cash, end of the period                                      $   6,824           $  53,852           $   6,824
                                                             =========           =========           =========

Supplemental disclosure with respect to cash flows:
  Cash paid for income taxes                                 $      --           $      --           $      --
  Cash paid for interest                                     $      --           $      --           $      --
</TABLE>


   The accompanying notes are an integral part of these financial statements.

                                       6
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2008
                                   (unaudited)


NOTE 1. GENERAL ORGANIZATION AND BUSINESS

The Company was originally incorporated under the laws of the state of Nevada on
May 11, 2006. The Company has limited operations and in accordance with SFAS #7,
is  considered  a  development  stage  company,  and  has had no  revenues  from
operations to date.

Initial operations have included capital formation,  organization, target market
identification and marketing plans. Management is planning to provide consulting
engineering services to the oil and gas industry in Western Canada.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES

The relevant accounting policies and procedures are listed below.

ACCOUNTING BASIS

The basis is generally accepted accounting principles.

EARNINGS PER SHARE

In February  1997,  the FASB issued SFAS No. 128,  "Earnings  Per Share",  which
specifies the computation, presentation and disclosure requirements for earnings
(loss) per share for entities  with  publicly  held common  stock.  SFAS No. 128
supersedes the provisions of APB No. 15, and requires the  presentation of basic
earnings (loss) per share and diluted earnings (loss) per share. The Company has
adopted the provisions of SFAS No. 128 effective its inception.

The basic earnings  (loss) per share is calculated by dividing the Company's net
income available to common shareholders by the weighted average number of common
shares during the year. The diluted  earnings  (loss) per share is calculated by
dividing the Company's net income (loss) available to common shareholders by the
diluted  weighted  average  number of shares  outstanding  during the year.  The
diluted  weighted  average  number of shares  outstanding  is the basic weighted
number  of  shares  adjusted  as of the  first of the  year for any  potentially
dilutive debt or equity.

The Company has not issued any options or warrants or similar  securities  since
inception.

                                       7
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2008
                                   (unaudited)


NOTE 2. (CONTINUED)

DIVIDENDS

The Company has not yet adopted any policy  regarding  payment of dividends.  No
dividends have been paid during the periods shown.

CASH EQUIVALENTS

The Company  considers  all highly  liquid  investments  with  maturity of three
months or less when purchased to be cash equivalents.

INCOME TAXES

Income taxes are provided in accordance  with Statement of Financial  accounting
Standards No. 109 (SFAS 109),  Accounting for Income Taxes. A deferred tax asset
or liability is recorded for all temporary differences between financial and tax
reporting and net operating loss  carryforwards.  Deferred tax expense (benefit)
results  from  the net  change  during  the  year of  deferred  tax  assets  and
liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management,  it is more likely than not that some portion of all of the deferred
tax assets will be realized.  Deferred tax assets and  liabilities  are adjusted
for the effects of changes in tax laws and rates on the date of enactment.

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  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the financial statements and the reported amounts of revenue and expenses during
the reporting period. Actual results could differ from those estimates.

                                       8
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2008
                                   (unaudited)


NOTE 2. (CONTINUED)

WEBSITE COSTS

Website costs consist of software development costs, which represent capitalized
costs  of  design,  configuration,  coding,  installation  and  testing  of  the
Company's  website up to its  initial  implementation.  Upon  implementation  in
December 2006, the asset is being amortized to expense over its estimated useful
life  of  three  years  using  the   straight-line   method.   Ongoing   website
post-implementation  costs of  operation,  including  training  and  application
maintenance, will be charged to expense as incurred. See Note 7.

NOTE 3. GOING CONCERN

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a going  concern,  which  contemplates,  among other
things,  the realization of assets and satisfaction of liabilities in the normal
course of business.  The Company has net losses for the period from inception to
June 30, 2008 of $(96,465). The Company intends to fund operations through sales
and equity financing arrangements, which may be insufficient to fund its capital
expenditures,  working  capital and other cash  requirements  for the year ended
December 31, 2008.

The  ability of the Company to emerge from the  development  stage is  dependent
upon the  Company's  successful  efforts to raise  sufficient  capital  and then
attaining profitable operations.  In response to these problems,  management has
planned the following actions:

     *    The Company has completed an SB-2 Registration  Statement and obtained
          a trading symbol for its common shares on the OTCBB.

     *    Management intends to raise additional funds through public or private
          placement offerings.

     *    Management is currently evaluating prospective engineering projects to
          generate  revenue.   There  can  be  no  assurances,   however,   that
          management's expectations of future sales will be realized.

These factors, among others, raise substantial doubt about the Company's ability
to continue as a going concern.  These  financial  statements do not include any
adjustments that might result from the outcome of this uncertainty.

                                       9
<PAGE>
                         MINHAS ENERGY CONSUTLANTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2008
                                   (unaudited)


NOTE 4. STOCKHOLDERS' EQUITY

AUTHORIZED

The Company is authorized to issue 100,000,000 shares of $0.001 par value common
stock. All common stock shares have equal voting rights,  are non-assessable and
have one vote per share.  Voting rights are not cumulative and,  therefore,  the
holders of more than 50% of the common  stock  could,  if they  choose to do so,
elect all of the directors of the Company.

ISSUED AND OUTSTANDING

On May 11, 2006  (inception),  the Company issued 4,500,000 shares of its common
stock to its Directors for cash of $4,500. See Note 5.

On September  30, 2006,  the Company  closed a private  placement  for 1,975,000
common  shares at a price of $0.05 per share,  or an aggregate  of $98,750.  The
Company accepted subscriptions from 38 offshore non-affiliated investors.

NOTE 5. RELATED PARTY TRANSACTIONS

The  Company's  neither  owns nor  leases  any real or  personal  property.  The
Company's  Directors  provides  office  space free of charge.  The  officers and
directors of the Company are involved in other  business  activities and may, in
the future,  become  involved  in other  business  opportunities.  If a specific
business  opportunity  becomes  available,  such  persons may face a conflict in
selecting  between the Company and their other business  interests.  The Company
has not formulated a policy for the resolution of such conflicts.

On May 11, 2006  (inception),  the Company issued 4,500,000 shares of its common
stock to its Directors for cash of $4,500. See Note 4.

NOTE 6. INCOME TAXES

Net  deferred  tax  assets  are $nil.  Realization  of  deferred  tax  assets is
dependent  upon  sufficient   future  taxable  income  during  the  period  that
deductible temporary differences and carry-forwards are expected to be available
to reduce taxable  income.  As the achievement of required future taxable income
is  uncertain,  the  Company  recorded a 100%  valuation  allowance.  Management
believes it is likely that any deferred tax assets will not be realized.

                                       10
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2008
                                   (unaudited)


NOTE 6. (CONTINUED)

As of December 31, 2007,  the Company has a net operating  loss carry forward of
approximately  $69,133, of which $9.055 will expire by December 31, 2026 and the
balance of $60,078 by December 31, 2027.

NOTE 7. WEBSITE

                                         Accumulated
                             Cost       amortization        Net book value
                             ----       ------------        --------------

     Website costs          $2,438         $1,277               $1,161
                            ======         ======               ======

Website costs are amortized on a straight line basis over 3 years, its estimated
useful life.

NOTE 8. OPERATING LEASES AND OTHER COMMITMENTS:

The  Company   currently  has  no  operating  lease  commitments  or  any  other
commitments.


                                       11
<PAGE>
ITEM 2. MANAGEMENT'S PLAN OF OPERATION

GENERAL OVERVIEW

Minhas Energy Consultants,  Inc. (referred to as "Minhas", "us", "we" and "our")
was  incorporated  on May 11, 2006, in the State of Nevada.  Minhas's  principal
executive  offices are located at Suite 110, 1915 - 27 Avenue NE Calgary Alberta
T2E 7E4. Our telephone  number is (403)  735-5009.  We are a  development  stage
company  with no  revenue  and  limited  operations  to  date.  There  can be no
assurance that we will generate  revenues in the future, or that we will be able
to operate  profitably in the future,  if at all. We have incurred net losses in
each fiscal year since inception of our operations. Since becoming incorporated,
we have not made any  significant  purchase or sale of assets,  nor have we been
involved in any mergers,  acquisitions or consolidations.  Our company has never
declared  bankruptcy,  it has never been in receivership,  and it has never been
involved in any legal action or proceedings.

Subsequent  to  our  incorporation,  we  focused  our  operations  on  providing
professional  engineering  consulting  services  to the oil  and  gas  industry,
specifically on reservoir and petroleum  engineering  and  engineering  services
related to the procurement and construction of infrastructure for the production
and  distribution  of oil and gas. We have not been  successful in obtaining any
contracts and we now have minimal cash for our operations.

During the  second  quarter,  our  management  has been  analyzing  the  various
alternatives available to our company to ensure our survival and to preserve our
shareholder's  investment  in our common  shares.  This  analysis  has  included
sourcing  additional  forms of  financing  to  continue  our  business as is, or
mergers and/or acquisitions which would likely involve a change of business.  At
this stage in our  operations,  we believe either course is  acceptable,  as our
operations  have not been  profitable and our future  prospects for our business
are not good without further significant financing.

We  are  focusing  our  preliminary  merger/acquisition  analysis  on  potential
business opportunities within the oil and gas industry. These may be established
business  entities or assets such as petroleum  leases for which we will have to
explore for hydrocarbons.  In certain  instances,  a target may wish to become a
subsidiary of our company or may wish to  contribute  assets to our company or a
joint venture  rather than merge.  We  anticipate  that any new  acquisition  or
business opportunity acquired by our company will require additional  financing.
There  can be no  assurance,  however,  that we will  be  able  to  acquire  the
financing necessary to enable us to pursue our plan of operation. If our company
requires  additional  financing  and we are unable to acquire  such  funds,  our
business may fail.

In   implementing  a  structure  for  a  particular   business   acquisition  or
opportunity, we may become a party to a merger,  consolidation,  reorganization,
joint venture, or licensing agreement with another corporation or entity. We may
also acquire stock or assets of an existing business. Upon the consummation of a
transaction,  it is  likely  that our  present  management  will no longer be in
control of our company and our existing  business  will close down. In addition,
it is likely that our officers and  directors  will, as part of the terms of the
acquisition transaction,  resign and be replaced by one or more new officers and
directors.

We  anticipate  that  the  selection  of a  business  opportunity  in  which  to
participate  will  be  complex  and  without  certainty  of  success.   Business
opportunities  may be available at various stages of  development,  all of which
will make the task of  comparative  investigation  and analysis of such business
opportunities extremely difficult and complex.

We may seek a business  opportunity  with entities who have  recently  commenced
operations,  or entities who wish to utilize the public  marketplace in order to
raise additional capital in order to expand business development activities.  We
may acquire assets and establish wholly-owned subsidiaries in various businesses
or acquire existing businesses as subsidiaries.

Mr. M.  Minhas is  undertaking  the  search  for and  analysis  of new  business
opportunities,  who  is not a  professional  business  analyst.  In  seeking  or
analyzing  prospective  business  opportunities,  Mr.  Minhas  may  utilize  the
services of outside consultants or advisors.

                                       12
<PAGE>
At this  stage,  we can  provide  no  assurance  that we will be able to  locate
compatible business opportunities,  what additional financing we will require to
complete a combination or merger with another business  opportunity,  or whether
the opportunity's operations will be profitable.

As of the date  hereof,  we have not been  successful  in  raising  the  funding
necessary  to  proceed  with  our  business  plan  for  our  existing  business.
Historically,  we have been able to raise a limited  amount of  capital  through
private placements of our equity stock, but we are uncertain about our continued
ability to raise funds privately.  Further, we believe that our company may have
more  difficulties  raising  capital for our  existing  business  than for a new
business  opportunity.  We have held preliminary  negotiations  with prospective
business entities but have not entered into any formal written  agreements for a
business combination or opportunity. If any such agreement is reached, we intend
to disclose  such an agreement  by filing a current  report on Form 8-K with the
Securities and Exchange Commission.

If we are  unable to  secure  adequate  capital  to  continue  our  business  or
alternatively, complete a merger or acquisition, our shareholders will lose some
or all of their investment and our business will likely fail.

If we change  our  business,  we will  face the  following  risks,  which are in
addition to those  disclosed  in our Annual  Report on Form 10K for December 31,
2007, which is incorporated for reference to this quarterly report.

WE WILL  REQUIRE  ADDITIONAL  FINANCING.  INADEQUATE  FINANCING  MAY  IMPAIR OUR
ABILITY TO COMPETE IN THE MARKETPLACE WHICH MAY RESULT IN THE DISSOLUTION OF OUR
COMPANY.

We require  additional  financing to complete a suitable  merger or  combination
with a  business  opportunity,  or  acquisition  of assets  such as  exploration
leases.  Further, we anticipate that we will not have sufficient capital to fund
our ongoing  operations for the next twelve  months.  We would likely secure any
additional financing necessary through a private placement of our common shares.

There  can be no  assurance  that,  if  required,  any  such  financing  will be
available upon terms and  conditions  acceptable to us, if at all. Our inability
to obtain additional financing in a sufficient amount when needed and upon terms
and conditions  acceptable to us could have a materially adverse effect upon our
company.  There  can be no  assurance  that  such  funds  will be  available  or
available on terms satisfactory to us. If additional funds are raised by issuing
equity securities, further dilution to existing or future shareholders is likely
to result.  If adequate funds are not available on acceptable terms when needed,
we may be required to delay,  scale back or  eliminate  the  development  of any
business  opportunity that we acquire.  Inadequate funding could also impair our
ability to compete in the  marketplace,  which may result in the  dissolution of
our company.

WE HAVE A LIMITED  OPERATING  HISTORY AND IF WE ARE NOT SUCCESSFUL IN CONTINUING
TO GROW OUR  BUSINESS,  THEN WE MAY HAVE TO SCALE BACK OR EVEN CEASE OUR ONGOING
BUSINESS OPERATIONS.

We have a  limited  operating  history  on  which to base an  evaluation  of our
business and prospects.  Our prospects must be considered in light of the risks,
uncertainties,  expenses and  difficulties  frequently  encountered by companies
seeking to acquire or establish a new business opportunity.  Some of these risks
and  uncertainties  relate to our ability to  identify,  secure and  complete an
acquisition of a suitable business opportunity.

We cannot be sure  that we will be  successful  in  addressing  these  risks and
uncertainties and our failure to do so could have a materially adverse effect on
our financial condition.  In addition,  our operating results are dependent to a
large degree upon factors  outside of our control.  There are no assurances that
we will be  successful  in  addressing  these  risks,  and  failure to do so may
adversely affect our business.

It is unlikely that we will generate any or significant revenues while we seek a
suitable business opportunity. Our short and long-term prospects depend upon our
ability to select and secure a suitable business opportunity. In order for us to
make a profit, we will need to successfully  acquire a new business  opportunity

                                       13
<PAGE>
in order to  generate  revenues  in an  amount  sufficient  to cover any and all
future costs and expenses in connection with any such business opportunity. Even
if we become  profitable,  we may not  sustain  or  increase  our  profits  on a
quarterly or annual basis in the future.

SCARCITY OF AND COMPETITION FOR BUSINESS  OPPORTUNITIES AND COMBINATIONS,  PLACE
OUR COMPANY AT A  COMPETITIVE  DISADVANTAGE  IN  IDENTIFYING  POSSIBLE  BUSINESS
OPPORTUNITIES AND SUCCESSFULLY COMPLETING A BUSINESS COMBINATION.

We are, and will continue to be, an insignificant  participant  amongst numerous
other companies seeking a suitable business opportunity or business combination.
A large number of established  and  well-financed  entities,  including  venture
capital firms, are actively seeking suitable business  opportunities or business
combinations,  which may also be desirable  target  candidates for us. Virtually
all such entities have  significantly  greater  financial  resources,  technical
expertise and managerial  capabilities  than we do. We are,  consequently,  at a
competitive  disadvantage in identifying  possible  business  opportunities  and
successfully  completing a business  combination  or  acquisition.  We will also
compete with numerous other small public  companies  seeking  suitable  business
opportunities or business combinations.

THE SUCCESS OF A POTENTIAL  MERGER OR COMBINATION  WILL DEPEND TO A GREAT EXTENT
ON THE OPERATIONS, FINANCIAL CONDITION AND MANAGEMENT OF ANY IDENTIFIED BUSINESS
OPPORTUNITY.

The  ultimate  success  of our  business  will  depend to a great  extent on the
operations,  financial  condition  and  management  of any  identified  business
opportunity.  In the event that we complete a business  combination or otherwise
acquire a business  opportunity,  the success of our operations may be dependent
upon management of the successor firm or venture  partner firm,  together with a
number of other factors beyond our control.

We have no arrangement,  agreement, or understanding with respect to acquiring a
business  opportunity  or  engaging in a business  combination  with any private
entity.  Accordingly,  we may enter into a business  combination with a business
opportunity  having no  significant  operating  history,  losses,  limited or no
potential for earnings,  limited  assets,  negative net worth or other  negative
characteristics.

Although we have entered into preliminary negotiations with prospective business
entities,  we have not entered into any formal written agreements for a business
combination or opportunity.  There can be no assurance that we will successfully
identify and evaluate  suitable  business  opportunities  or conclude a business
combination.  There  is no  assurance  that we will  be  able to  negotiate  the
acquisition  of a  business  opportunity  or a  business  combination  on  terms
favorable to us. We have not established a specific length of operating  history
or a specified level of earnings,  assets,  net worth or other criteria which we
will require a target business  opportunity to have achieved,  and without which
we would not  consider a  business  combination  in any form with such  business
opportunity.  Accordingly,  we may  enter  into a  business  combination  with a
business opportunity having no significant operating history, losses, limited or
no potential for earnings,  limited assets, negative net worth or other negative
characteristics.

PROBABLE   CHANGE  IN  CONTROL  AND  MANAGEMENT  MAY  REDUCE  OR  ELIMINATE  THE
PARTICIPATION OF OUR PRESENT OFFICERS AND DIRECTORS IN THE FUTURE AFFAIRS OF OUR
COMPANY.

A business  combination or acquisition of a business  opportunity  involving the
issuance  of our  common  shares  may  result  in new or  incoming  shareholders
obtaining a controlling  interest in our company.  Any such business combination
or acquisition of a business  opportunity may require  management of our company
to sell or transfer all or a portion of the common  shares in the capital of our
company  that  they hold or resign as  members  of our Board of  Directors.  The
resulting  change in our control  could  result in removal of one or more of our
present officers and directors, and a corresponding reduction in, or elimination
of, their participation in the future affairs of our company.

A FAILURE TO MANAGE GROWTH EFFECTIVELY COULD HAVE A MATERIALLY ADVERSE EFFECT ON
OUR BUSINESS.

                                       14
<PAGE>
Our ability to achieve any growth upon the  acquisition  of a suitable  business
opportunity or business  combination  will be dependent upon a number of factors
including,  but not  limited  to,  our  ability  to hire,  train and  assimilate
management and other employees and the adequacy of our financial  resources.  In
addition,  there can be no assurance that we will be able to manage successfully
any business opportunity or business combination.  Failure to manage anticipated
growth effectively and efficiently could have a materially adverse effect on our
business.

PLAN OF OPERATION

The following discussion of the plan of operation,  financial condition, results
of  operations,  cash flows and  changes in  financial  position  of our Company
should be read in  conjunction  with our most recent  financial  statements  and
notes  appearing  elsewhere  in this Form 10-Q;  and our 10KSB for  December 31,
2007.

Our immediate  priority is to either secure suitable  financing to continue with
our existing business or change our business and conclude a merger,  acquisition
or  combination  with a business  prospect.  This is  critical  to to ensure our
survival and to preserve our  shareholder's  investment in our common shares. At
this stage in our  operations,  we believe either course is  acceptable,  as our
operations  have not been  profitable and our company will fail without  further
significant  financing.  We currently  have only $5,624 in working  capital.  We
believe we require a minimum of $20,000 to meet our  statutory  obligations  and
$50-75,000  to continue with our existing  business.  Our director has indicated
that he is  willing  to lend our  company  minimum  funds to  enable us meet our
statutory  corporate and reporting  obligations  for the next 12 months  through
unsecured, no interest loans.

Concurrent with our search for additional  financing for our existing  business,
we are also actively seeking business  opportunities  with established  business
entities  for the  merger of a target  business  with our  company.  In  certain
instances,  a target  business may wish to become a subsidiary of our company or
may wish to contribute  assets to our company  rather than merge.  We anticipate
that any new acquisition or business  opportunities  by our company will require
additional financing and that we will close our existing business.  There can be
no assurance,  however,  that we will be able to acquire the financing necessary
to  enable  us to  pursue  this new plan.  If our  company  requires  additional
financing and we are unable to acquire such funds, our business may fail.

At this stage, we cannot  quantify what additional  financing we will require to
complete a combination or merger with another business  opportunity,  or whether
the opportunity's operations will be profitable.

RESULTS OF OPERATIONS

Our company  posted  losses of $4,410 for the three  months  ended June 30, 2008
compared to $31,775 for the three months ended June 30, 2008.  For the six month
period we posted  losses of  $27,332  compared  to  $38,377  for the  comparable
period. From inception to June 30, 2008 we have incurred losses of $99,465.  The
principal  components  of our losses for the three  months  ended June 30,  2008
included  general and  administrative  costs of $4,207 and  amortization  of our
website of $203. This compares to general and  administrative  costs of $13,564,
marketing expenses of $18,010 and amortization of $201 in 2007.

LIQUIDITY AND CASH RESOURCES

At June 30,  2008,  we had  working  capital of $5,624,  compared  to $32,550 at
December 31,  2007.  At June 30,  2008,  our total  assets  consisted of cash of
$6,824 and  property and  equipment  of $1,161,  compared to cash of $35,550 and
property and equipment of $1,567 at December 31, 2007.

Because we only have $5,624 in working capital remaining,  we have suspended our
existing  planned  consulting   operations  and  will  operate  in  a  corporate
maintenance mode until we either obtain  additional  financing and/or identify a
suitable  business  opportunity.  Our future  operations  are dependent upon the
identification  and successful  completion of additional  long-term or permanent
equity financing,  the support of creditors and shareholders,  and,  ultimately,
the  achievement of profitable  operations.  There can be no assurances  that we

                                       15
<PAGE>
will be successful, which would in turn significantly affect our ability to roll
out our business  plan. If not, we will likely be required to reduce  operations
or liquidate  assets.  We will continue to evaluate our  projected  expenditures
relative to our  available  cash and to seek  additional  means of  financing in
order to satisfy our  working  capital  and other cash  requirements.  We cannot
guarantee that  additional  funding will be available on favorable  terms, if at
all. Any further  shortfall  will affect our ability to expand or even  continue
our operations. We cannot guarantee that additional funding will be available on
favorable terms, if at all.

ITEM 4. CONTROLS AND PROCEDURES

As required  by Rule  13a-15  under the  Exchange  Act,  we have  carried out an
evaluation  of the  effectiveness  of the design and  operation of our company's
disclosure  controls and  procedures as of the end of the period covered by this
quarterly report for the second quarter ended June 30, 2008. This evaluation was
carried out under the  supervision and with the  participation  of our company's
management, including our company's president and chief executive officer. Based
upon that evaluation,  our company's  president and chief executive  officer and
our chief financial officer concluded that our company's disclosure controls and
procedures  are  effective  as at the end of the period  covered by this report.
There have been no changes in our internal  controls  over  financial  reporting
that  occurred  during  our most  recent  fiscal  quarter  that have  materially
affected,  or are reasonably  likely to materially  affect our internal controls
over financial reporting.

Disclosure  controls and procedures are controls and other  procedures  that are
designed to ensure that  information  required to be disclosed in our  company's
reports  filed or  submitted  under the  Exchange  Act is  recorded,  processed,
summarized and reported, within the time periods specified in the Securities and
Exchange  Commission's  rules and  forms.  Disclosure  controls  and  procedures
include,  without  limitation,  controls and procedures  designed to ensure that
information  required to be disclosed in our  company's  reports filed under the
Exchange Act is  accumulated  and  communicated  to  management,  including  our
company's president as appropriate, to allow timely decisions regarding required
disclosure.

                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

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 INFORMATION

None.

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<PAGE>
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

(a) Pursuant to Rule 601 of Regulation  SB, the following  exhibits are included
herein or incorporated by reference.

  Exhibit
  Number                                Description
  ------                                -----------

    3.1        Articles of Incorporation*
    3.2        By-laws*
   31.1        Certification of CEO Pursuant to 18 U.S.C. ss. 1350, Section 302
   31.2        Certification  of CFO Pursuant to 18 U.S.C. ss. 1350, Section 302
   32.1        Certification  Pursuant  to 18 U.S.C.  ss.1350,  Section 906
   32.2        Certification  Pursuant  to 18 U.S.C.  ss. 1350, Section 906

----------
*    Incorporated by reference to our SB2  Registration  Statement,  File Number
     333-141060

(b) Reports on Form 8-K

None.

                                   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 29th day of July
2008.

                               MINHAS ENERGY CONSULTANTS, INC.


Date: July 29, 2008            By: /s/ Monmohan Minhas
                                  ----------------------------------------------
                               Name:  Manmohan Minhas
                               Title: President/CEO, Principal Executive Officer


Date: July 29, 2008            By: /s/ Ravinder Minhas
                                  ----------------------------------------------
                               Name:  Ravinder Minhas
                               Title: Secretary Treasurer, Principal Financial
                                      and Accounting Officer

                                       17