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

                                   FORM 10-QSB
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                    For the quarter ended September 30, 2007

                                       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 shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [X] No [ ]

Number of shares  outstanding  of the  registrant's  class of common stock as of
October 17, 2007: 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 September 30, 2007.
<PAGE>
                           FORWARD-LOOKING STATEMENTS

THIS QUARTERLY REPORT ON FORM 10-QSB 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-QSB,  READERS  ARE  URGED TO READ  CAREFULLY  ALL  CAUTIONARY
STATEMENTS  - INCLUDING  THOSE  CONTAINED  IN OTHER  SECTIONS OF THIS  QUARTERLY
REPORT ON FORM 10-QSB.  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

<TABLE>
<CAPTION>
                                                          September 30,       December 31,
                                                              2007               2006
                                                            --------           --------
                                                           (unaudited)
<S>                                                         <C>                <C>
ASSETS

Current assets
  Cash and bank accounts                                    $ 50,891           $ 91,959
                                                            --------           --------

      Total current assets                                    50,891             91,959

Website, net of accumulated amortization (Note 7)              1,765              2,236
                                                            --------           --------

Total assets                                                $ 52,656           $ 94,195
                                                            ========           ========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities
  Accounts payable                                          $     --           $     --
                                                            --------           --------

      Total liabilities                                           --                 --
                                                            --------           --------
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           (50,594)            (9,055)
                                                            --------           --------

      Total stockholders' equity                              52,656             94,195
                                                            --------           --------

Total liabilities and stockholders' equity                  $ 52,656           $ 94,195
                                                            ========           ========
</TABLE>


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

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

                             STATEMENT OF OPERATIONS
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                                     Cumulative
                                                                                                    Amounts From
                                                                                    Date of            Date of
                                                                                 Incorporation      Incorporation
                              Three Months     Three Months     Nine Months     on May 11, 2006    on May 11, 2006
                                 Ended            Ended            Ended              to                 to
                              September 30,    September 30,    September 30,     September 30,      September 30,
                                  2007             2006             2007              2006               2007
                               ----------       ----------       ----------        ----------         ----------
<S>                            <C>              <C>              <C>               <C>                <C>
REVENUE                        $       --       $       --       $       --        $       --         $       --
                               ----------       ----------       ----------        ----------         ----------
OPERATING EXPENSES
  Amortization                        201              313              609               313                673
  General & Administrative          2,961               --           22,920                --             27,811
  Marketing                            --               --           18,010                --             20,110
  Organization                         --               --               --             1,500              1,500
  Website                              --               --               --                --                500
                               ----------       ----------       ----------        ----------         ----------
  Loss before income taxes         (3,162)            (313)         (41,539)           (1,813)           (50,594)

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

Net loss                       $   (3,162)      $     (313)      $  (41,539)       $   (1,813)        $  (50,594)
                               ==========       ==========       ==========        ==========         ==========
Basic and diluted loss per
Common share (1)
                               ==========       ==========       ==========        ==========         ==========
Weighted average number
of common shares
outstanding (Note 4)            6,475,000        4,521,467        6,475,000         4,513,908
                               ==========       ==========       ==========        ==========         ==========
</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)

                        STATEMENT 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 period                     --          --           --       (41,539)       (41,539)
                                     ---------      ------      -------      --------       --------

Balance September 30, 2007           6,475,000      $6,475      $96,775      $(50,594)      $ 52,656
                                     =========      ======      =======      ========       ========
</TABLE>

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

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

                             STATEMENT OF CASH FLOWS
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                                    Cumulative
                                                                                                   Amounts From
                                                                                 Date of             Date of
                                                                              Incorporation       Incorporation
                                                            Nine Months       on May 11, 2006     on May 11, 2006
                                                              Ended                 to                  to
                                                           September 30,       September 30,       September 30,
                                                               2007                2006                2007
                                                             ---------           ---------           ---------
<S>                                                          <C>                 <C>                 <C>
CASH FLOWS USED IN OPERATING ACTIVITIES
  Net loss for the period                                    $ (41,539)          $  (1,813)          $ (50,594)
  Adjustments to Reconcile Net Loss to Net Cash
   Used by Operating Activities
     Amortization expense                                          609                  --                 673
                                                             ---------           ---------           ---------

Net cash used in operating activities                          (40,930)             (1,813)            (49,921)
                                                             ---------           ---------           ---------
CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from issuance of common stock                            --             103,250             103,250
                                                             ---------           ---------           ---------

Net cash provided by financing activities                           --             103,250             103,250
                                                             ---------           ---------           ---------
CASH FLOWS USED IN INVESTING ACTIVITIES
  Website                                                         (138)                 --              (2,438)
                                                             ---------           ---------           ---------

Net cash used in investing activities                             (138)                 --              (2,438)
                                                             ---------           ---------           ---------

(Decrease) increase in cash during the period                  (41,068)            101,437              50,891

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

Cash, end of the period                                      $  50,891           $ 101,437           $  50,891
                                                             =========           =========           =========

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
                                   (unaudited)
                               September 30, 2007


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,  new product  development  and  marketing  plans.  Management is
planning to provide consulting  engineering services to the oil and gas industry
in Western Canada.

These  unaudited  financial  statements  have been prepared in  accordance  with
accounting  principles  generally  accepted in the United States ("US GAAP") for
interim  financial  information.  Accordingly,  they may not  include all of the
information and footnotes required by US GAAP for complete financial statements.
In the opinion of management,  all adjustments  (consisting of normal  recurring
accruals)  considered  necessary  for a fair  presentation  have been  included.
Operating  results  for the  six-month  period  ended  June  30,  2007,  are not
necessarily  indicative  of the results  that may be expected for the year ended
December 31, 2007.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES

The company's relevant  accounting policies and procedures are listed below. The
company has adopted a December 31 year end.

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

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

                          NOTES TO FINANCIAL STATEMENTS
                                   (unaudited)
                               September 30, 2007


NOTE 2. (CONTINUED)

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.

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
                                   (unaudited)
                               September 30, 2007


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 from  inception to September 30,
2007 of  $(50,594).  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 ending
December 31, 2007.

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 a SB-2  registration  statement  and been
          granted a trading  symbol for the trading of its common  shares on the
          OTCBB
     *    Management intends to raise additional funds through public or private
          placement offerings.
     *    Management is currently  funding  marketing efforts to generate sales.
          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
                                   (unaudited)
                               September 30, 2007


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 carryforwards are expected to be available
to reduce taxable  income.  As the achievement of required future taxable income
is uncertain, the Company recorded a valuation allowance.

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

                          NOTES TO FINANCIAL STATEMENTS
                                   (unaudited)
                               September 30, 2007


NOTE 7. WEBSITE

                                       Accumulated
                          Cost        amortization        Net book value
                          ----        ------------        --------------
Website costs           $ 2,438          $ 673               $ 1,765
                        =======          =====               =======

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

NOTE 8. NET OPERATING LOSSES

As of December 31, 2006,  the Company has a net operating  loss carry forward of
approximately  $7,560,  which  will  expire 20 years  from the date the loss was
incurred.

NOTE 9. 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 in this  prospectus 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. We do
not expect to commence  earning  revenues  until at least 2008.  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 have been in the process of  establishing
ourselves as a company that will focus its operations on providing  professional
engineering consulting services to the oil and gas industry. Our typical clients
may  include  petroleum  and  natural  gas  companies,  oil  service  companies,
utilities  and  manufacturing   companies  with  petroleum  and/or  natural  gas
interests and government agencies.

We will provide our services within Western Canada, which includes the provinces
of Saskatchewan,  Alberta,  and British  Columbia.  We are focusing on this area
because it provides approximately 93% of Canada's total conventional oil and gas
production  and is expected to remain the  dominant  area in to the  foreseeable
future.  Western  Canada is also well regarded  globally as a major producer and
recently has been  recognized  as a key to secure and stable  future oil and gas
supplies  for North  America.  It has been an active  area for  exploration  and
production  for over 60 years and is  represented  by many  participants  in all
segments of the industry.

We will focus our consulting services 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  from the
wellhead to the major transport systems for refining. These are two fast growing
engineering segments in the industry, and are presently experiencing significant
demand due to an  acceleration  of  exploration  activities  and a  shortage  of
related manpower.

We plan on  earning  our  revenues  by  charging  consulting  fees for  services
rendered. These fees, which will represent our primary source of revenues to our
company,  may be billed on an hourly  basis or fixed price  contracts.  Our long
term objective is to become a well recognized  consulting  engineering  company,
and to develop a well  rounded  contact and client base as we become  profitable
and generate revenues.

We have not yet entered into any engagements or consulting contracts.

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-QSB;  and our SB-2 filed on March 11,
2007.

Minhas Energy is a development  stage consulting  engineering  company with very
limited  operations to date, no revenue,  very limited financial backing and few
assets.  Our plan of operations is to establish  Minhas Energy as a company that
will  seek out oil and gas  consulting  engineering  opportunities  in  Alberta,
British Columbia and  Saskatchewan.  We will initially  concentrate on providing
consulting  engineering services in the reservoir and petroleum  engineering and
production facilities engineering segments of the oil and gas industry. We chose
this segment  because  there is currently  high demand for  consultants,  and we
believe demand will continue to increase in the  foreseeable  future.  These are

                                       12
<PAGE>
also segments that small  business such as ours that lack financial and manpower
resources,  can enter into far more  easily  than other  integrated  engineering
services or general contracting businesses.

Our business objectives are:

     *    To  become a well  recognized  and  respected  consulting  engineering
          company  oil  and gas  companies  in  Alberta,  British  Columbia  and
          Saskatchewan,  with a focus  on  reservoir/petroleum  engineering  and
          facilities engineering and project management.
     *    To develop a well rounded  client base and contacts  from which we can
          generate revenues and become profitable.
     *    To  build  long  term  relationships  with  many  of the  oil  and gas
          companies to expand our business and service offerings

Our goals over the next 12 months are:

     *    Build  awareness of our company in our target market through a program
          of direct  contact  and  advertising  through  selected  media that is
          focused on our prospective clients
     *    Achieve revenue by September 1, 2007.
     *    Achieve break even operations over the next 18 months

During the first stages of Minhas's  growth,  our officers  and  directors  will
provide all the labor required to execute our business plan at no charge.  Since
we intend to operate with very limited administrative  support, our officers and
directors will continue to be  responsible  for all labor required to market our
services  to  prospective  clients  and  perform  any  professional  engineering
services  for at least  the  first  year of  operations.  If we manage to obtain
engagements or contracts that necessitates the need for additional  professional
personnel, we plan on obtaining these services on an hourly contract basis only.
We presently  have no intention to hire  additional  employees  during our first
year  of  operations.  Due to  our  limited  financial  resources,  each  of the
management  team will  dedicate  approximately  20 - 30 hours a week in order to
carry out our operations.

We commenced  with our plan and budget during this quarter  starting in February
2007. Our total 12 month expenditure budget is $70,400.

RESULTS OF OPERATIONS

Our  company  posted  losses of $3,162 for the three  months and $41,539 for the
nine months ended September 30, 2007. This compares to $313 for the three months
and $1,813 for the period from our  incorporation  on May 11, 2006 to  September
30,  2006.  From  inception  to September  30, 2007 we have  incurred  losses of
$50,594.  The  principal  components  of our  losses for the nine  months  ended
September  30,  2007  included  general  and  administrative  costs of  $22,920,
marketing costs of $18,010 and amortization of our website of $609.

LIQUIDITY AND CASH RESOURCES

At September 30, 2007, we had working capital of $50,891, compared to $91,959 at
December 31, 2006. At September 30, 2007, our total assets  consisted of cash of
$50,891 and  property and  equipment  of 1,765,  compared to cash of $91,959 and
property and equipment of $2,136 at December 31, 2006.

We entered  fiscal  2007 with  $91,959 of cash.  During  the nine  months  ended
September  30, 2007,  we used $40,930 for  operations  and $138 for our website,
leaving a balance  of $50,891  at  September  30,  2007.  We used  approximately
$16,020 to pay for professional and other fees related to our SB-2  registration
statement  and $2,260 for our share  transfer  agent.  The  balance of $4,640 in
general and  administrative  costs was for general  corporate  purposes  and our
quarterly reports. During the second quarter, we also spent $18,010 on marketing
our company.  This included costs for the design and development of our brochure

                                       13
<PAGE>
marketing  materials in April of $9,000,  and the layout and  development of our
DVD based  marketing  material for $5,300.  We also purchased a trade show booth
for $3,710.

How long we will be able to satisfy our cash requirements depends on how quickly
our company can generate revenue and how much revenue can be generated. Although
there can be no  assurance  at present,  we plan to be in a position to generate
revenues  by 2008.  We must  generate  at least  $1,000  in net  consulting  fee
revenues in order to fund all expenditures under our 12-month plan of operation.
Net  consulting  fee revenue is defined as gross revenue net of any direct costs
that were necessary to produce the revenue,  such as subcontractors,  travel and
other direct costs attributable to the project that we have to pay for.

If we fail to generate sufficient net revenues, we will need to raise additional
capital  to  continue  our  operations  thereafter.  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 3. 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 third quarter ended September 30, 2007. 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  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.

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<PAGE>
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 5. OTHER INFORMATION

None.

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.

                                       15
<PAGE>
                                   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
October 2007.

                               MINHAS ENERGY CONSULTANTS, INC.


Date: October 29, 2007         By: /s/ Monmohan Minhas
                                  ----------------------------------------------
                               Name:  Manmohan Minhas
                               Title: President/CEO, Principal Executive Officer



Date: October 29, 2007         By: /s/ Ravinder Minhas
                                  ----------------------------------------------
                               Name: Ravinder Minhas
                               Title: Chief Financial Officer, Principal
                                      Financial Officer

                                       16