SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-KSB

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

                   For the fiscal year ended December 31, 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

         Securities registered under Section 12(b) of the Exchange Act:

Title of each class                    Name of each exchange on which registered
-------------------                    -----------------------------------------
     None                                                  None

         Securities registered under Section 12(g) of the Exchange Act:

                         Common Stock, $0.001 Par Value
                                (Title of class)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation  S-B is not  contained  in  this  form,  and no  disclosure  will  be
contained,  to the  best of  registrant's  knowledge,  in  definitive  proxy  or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [X]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [X] No [ ]

Net revenues for its most recent fiscal year: $nil

Aggregate  market  value of the  voting  common  equity  held by  non-affiliates
computed  by  reference  to the price at which the common  equity was sold as of
March 24, 2008: $98,750.00

Number of common voting shares outstanding as of March 20, 2008: 6,475,000
<PAGE>
                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----

PART I
Item 1.   Description of Business                                              3
Item 2.   Properties                                                          13
Item 3.   Legal Proceedings                                                   13
Item 4.   Submission of Matters to a Vote of Security Holders                 13

PART II
Item 5.   Market For Registrant's Common Equity and Related Stockholder
           Matters                                                            14
Item 6.   Plan of Operation                                                   16
Item 7.   Financial Statements and Supplementary Data                         18
Item 8.   Changes in and Disagreements With Accountants on Accounting
           and Financial Disclosure                                           18
Item 8A.  Controls and Procedures                                             18
Item 8B.  Other Information                                                   18

PART III
Item 9.   Directors, Executive Officers, Promoters and Control Persons        19
Item 10.  Executive Compensation                                              21
Item 11.  Security Ownership of Certain Beneficial Owners and Management      22
Item 12.  Interest of Management and Others in Certain Transactions           23
Item 13.  Exhibits                                                            24
Item 14.  Principal Accountant Fees and Services                              24

Signatures                                                                    25

                                       2
<PAGE>
                                     PART I

ITEM 1. DESCRIPTION OF BUSINESS.

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 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 are  providing  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 are focusing 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.

RESERVOIR AND PETROLEUM ENGINEERING

Reservoir  and  petroleum  engineering  consists of all  engineering  activities
related  to  the  analysis  and  recommendations  for an  underground  reservoir
containing  oil  and/or  gas.  In order  to  perform  an  analysis  and  reach a
conclusion,  we as professional  engineers will gather all available  geological
data for the subject property, including the type of rock, and the properties of
the rock,  such as porosity and  permeability.  The more porous or permeable the
rock is, the greater the likelihood that it can potentially  contain oil and gas
within  the voids or  structure  of the rock.  We will also  perform a  detailed
analysis of any  geological  mapping,  which shows the  potential  thickness and
extent  of oil and gas  reserves  located  underground.  Geological  mapping  is
generally  obtained  through  seismic data  activities and analysis of all other
data such as logs,  drill test results and oil and gas  production  history from
the wells  subject to analysis and any other wells that have been drilled in the
immediate  vicinity.  These types of  geological  mapping  data are  provided by
specialized contractors to the oil and gas exploration and production company,

We will  focus on  analysis  of this data with the use of  specialized  computer
programs,  for the purpose of determining the probability of the presence of oil
and gas, the most promising location to explore,  the likelihood of recovery and
ultimately,  the  probability  of  profitably  producing  oil and gas  from  the
underground  location.  The  results  are used by our  prospective  clients  for
investment  decisions  for new  exploration,  expansion of drilling  programs to
increase existing production,  or for regulatory purposes with respect to public
disclosure of potential oil and gas reserves.  With the help of these  services,
exploration  companies  are  able to make  decisions  whether  to  proceed  with
drilling and developing  their  properties.  As part of our engagement,  we will
also make recommendations regarding various drilling and production technologies
for  development  of various oil and gas  fields.  Many  finance and  investment
companies also rely heavily on these analyses to develop financing  decisions on
behalf of their oil and gas clients.

                                       3
<PAGE>
OIL AND GAS PRODUCTION  FACILITIES  ENGINEERING,  PROCUREMENT  AND  CONSTRUCTION
MANAGEMENT

Our  services  in this  segment  will be focused on securing  contracts  for the
engineering,  procurement and  construction  management of oil and gas gathering
and transportation  facilities,  processing plants and compressor stations,  gas
dehydration units and wellsite  engineering.  We will not be acting as a general
contractor or physically  constructing  any of the  facilities or equipment.  We
will be providing consulting  engineering services to contractors,  construction
companies and oil and gas production  companies.  Our engineering  services will
generally   include   preparation   of   basic   facilities   design,    writing
specifications,  inviting  bids  from  the  equipment  and  services  suppliers,
evaluation of bids and providing recommendations to the client for most suitable
supplier,  preparing Purchase Orders for equipment and services on behalf of the
owner, and sending  independent  inspectors to the  construction  site to ensure
quality  control.  This  work is all  undertaken  on  behalf of the owner of the
production facilities. We only provide the consulting engineering staff (and any
related people such as draftspeople, inspectors etc) to complete the project. We
bill for our services on an agreed consulting rate for actual hours spent on the
project.

We plan on earning  our  revenues  by charging  consulting  fees,  which will be
billed on an hourly basis for time spent providing our services, or we may enter
into fixed price  contracts.  Hourly  rates are  currently  $350.00 per hour for
fully  qualified and highly  experienced  engineers such as our  President,  and
$250.00 for more junior engineers. Hourly fees or rates are generally subject to
negotiation  with the client and are influenced  significantly  by  competitor's
rates, competitive bidding and the state of the industry with respect to overall
activity  levels.  Hourly  billings will be calculated on the basis on an agreed
hourly rate multiplied by the hours spent on the specific  project.  We may also
require the client to  reimburse  is for direct costs such as supplies or travel
expenses,  Fixed price contracts are usually  subject to competitive  bidding by
two or more  competitors.  The client will specify a detailed  scope of work and
invite  interested and qualified parties to provide a fixed price for completion
of the work.

While we have bid on several  contracts,  as of the date  hereof we have not yet
entered into any engagements or consulting contracts.

On March 14,  2007 the SEC  declared  our  registration  statement  on Form SB-2
effective,  which registered  1,975,000 common shares for resale.  Effective May
21,  2007 our  common  shares  were  posted for  trading on the OTCBB  under the
trading symbol "MHAS".  Of the 6,475,000  common shares  outstanding at present,
4,500,000 shares are held by our officers and directors.

THE MARKET

Almost all the  conventional oil and gas production in Canada comes from an area
referred to as the Western Canadian Sedimentary Basin ("WCSB").  Most regions in
Alberta,  northeastern  British Columbia,  and southwestern  Saskatchewan define
this area  geographically.  The oil and gas wells in the WCSB generally  contain
petroleum  reservoirs that vary in depth from  approximately  400 feet to 10,000
feet. It is generally believed this area was a shallow sea for millions of years
and that decaying sea life and vegetation over the millennia provided the inputs
for significant oil and gas reserves in the present age.

According to Canadian  Association of Petroleum  Producers  (CAPP),  the WCSB is
home to approximately  76% of oil and 98% of natural gas produced in Canada from
conventional methods (excluding offshore and oilsands production).

We believe  the  number of oil and gas wells  will  likely  remain  constant  or
increase slightly into the foreseeable future, and that overall conventional oil
and gas  production  from the WCSB will  decrease by 1 to 3%  annually,  despite
increased drilling for new wells and production,  due to overall depletion.  The
large number of operating oil and gas wells means that that need for significant
modifications  and  improvements to oil and gas facilities  should continue into
the foreseeable  future. As wells deplete,  the  characteristics  of oil and gas
being produced from the ground change (such as lower pressure,  additional water
etc.) requiring equipment and production facilities modifications. As production
rates decrease,  reservoir engineering studies are required to analyze different
ways to stimulate production from existing wells.

All of this increased activity has resulted in a significant increase in capital
spending  to bring  these new wells  into  production,  in  addition  to ongoing
expenditure  programs to keep older wells and equipment in operation.  According
to Canadian  Association of Petroleum  Producers  (CAPP),  oil and gas companies

                                       4
<PAGE>
spent $34.8 billion in 2005 for exploration and development of conventional  oil
and gas  fields.  Overall  drilling  expenditures  were $21.3  billion and field
equipment and gas plant  expenditures were $9.1 billion.  Recent estimates point
to a 5% increase in overall capital  expenditures  for 2006 and 2007 is expected
to be at 2006 levels, or slightly higher.  Engineering expenditures are included
in these amounts and not disclosed separately, as many engineering companies are
private or in house, or are large  vertically  integrated  companies  conducting
engineering services and construction contracting. We believe, based on the past
experiences  of our President and  aggregate  expenditures  disclosed by APPEGA,
that engineering services that we intend to provide generally form approximately
3% of the capital investment spent on engineering consulting work for facilities
construction,  and less than 1% of overall  drilling  expenditures for reservoir
engineering services.

All of this  increased  activity,  in a time  span of less  than 7 years  due to
rising prices, and the new coal bed methane developments has ultimately led to a
shortage  of  engineers  specialized  in  petroleum,  reservoir  and  production
facilities engineering.  The following factors have also compounded this current
industry problem:

     *    The  previous  10-15 year  period of low oil and gas prices  kept many
          young  people from  pursuing a career in the industry due to a lack of
          opportunities. The time to train new recruits takes a total of 7 to 10
          years subsequent to completion of high school,  including a minimum of
          4 years of full time university training.
     *    Increased  demand  for  engineering  talent  has also been  fuelled by
          mergers,   acquisitions  and  the  rapid  formation  of  income  trust
          companies.  Higher prices has lead to a  significant  increase in this
          activity over the last several  years.  For a merger or acquisition of
          an oil and gas company to take place, third party consulting engineers
          typically must first play a significant role in evaluating oil and gas
          reserves  on  behalf  of the  purchaser.  This  includes  an in  depth
          analysis of all geological,  engineering and production data. Very few
          companies  have their own in-house  expertise to undertake  this task,
          and  many  buyers  and  financiers  require  independent  third  party
          professional evaluations.
     *    According to Nickle's Oil  Bulletin,  Calgary  Alberta is home to more
          than 500  medium and large  exploration  companies.  Saskatchewan  and
          British Columbia are home to  approximately  50 additional  companies.
          The  number  has  grown  significantly  over the last  several  years,
          commensurate  with the  increase  in oil and gas prices  resulting  in
          significant manpower shortages,  as each new participant tries to find
          professional staff for its operations.
     *    Recently,  small  companies  have  been  playing  a large  role in the
          exploration for oil and gas. Many of these  companies  cannot afford a
          full time  complement of  professional  engineering  staff and rely on
          hourly consultants to control costs.

COMPETITION AND COMPETITIVE STRATEGY

Even though the industry is currently  experiencing  a shortage of qualified and
experienced engineers, it remains highly competitive.  We believe competition is
based primarily on relationships,  the quality and the professional  standard of
service,  the ability to provide integrated services for the entire project (ie:
engineering,  design,  construction  management  and start up  services  for the
completion of an entire project) and a competitive  price for the services.  Our
direct  competition is made up of many publicly and privately  owned  companies,
many of which are staffed and  structured  to provide a full range of integrated
services. APEGGA, our officers and directors professional association, currently
estimates there are  approximately  800 companies  offering  similar services to
those planned buy our company in Alberta alone.  Our large  competitors  include
NYSE  traded  public  companies  such  as  Fluor  Corporation  and  the  Bechtel
Companies,  likely the largest  private  company in existence in North  America.
Many companies within the industry are privately-held.  Therefore, we are unable
to  assess  the  size  of all of our  competitors,  but we  would  presently  be
classified as one of the smallest in our business segment.

We believe users of consulting engineering services are aligning themselves with
companies who are financially  stable,  market a broad portfolio of services and
offer  superior  customer  service.  Most,  if not all of our  competitors  have
broader  service  offerings  and  far  greater  financial  and  other  resources
available to them. They generally  possess extensive  professional  capabilities
and  an  extensive  track  record  of  accomplishments  in  the  industry.   Our
competition may have a material  adverse effect on our results of operations and
financial condition and prevent us from achieving profitable operations.

                                       5
<PAGE>
We plan to compete by positioning  ourselves as a supplier of quality  services.
Our  officers  and  directors  have are  experienced  in the  industry  and have
developed a number of contacts with senior engineering and management  personnel
in various  oil and gas  exploration  and  production  companies  located in our
target  market.  These contacts were developed  through  previous  employment in
senior and professional positions,  through Minhas Training and Development Inc.
(See "Directors,  Executive  Officers,  Promoters and Control  Persons") through
which our President conducted seminars to professional engineers and other staff
in Western Canada,  and through volunteer work in various  organizations such as
APEGGA.

Into the  foreseeable  future,  we also  plan to  implement  and  adhere  to the
following complementary strategies to build our business and compete effectively
with our competitors:

     *    Maintain  our  focus  on the  provision  of  consulting  services  for
          production  facilities  and  reservoir  engineering,  as these  market
          segments  are  currently   experiencing  the  highest  demand  in  the
          industry.  These  segments are also expected to experience the highest
          growth rates into the foreseeable future
     *    Actively market our company through trade shows,  targeted advertising
          to our  industry,  and follow up in person on a regular basis with our
          contacts in the various oil and gas companies
     *    Actively employ the use of third party engineering software to improve
          efficiency and minimize the need for manpower
     *    Establish  working  relationships  with  other  small to medium  sized
          consulting companies to offer integrated and comprehensive  service to
          compete with the larger integrated companies

SALES STRATEGY

One of our key primary strategies to generate consulting fees is regular contact
with  all  of  the  industry   professionals   with  who  we  have   established
relationships in the past. We will follow a process of personal contact at least
every 3 months. We also use the following complementary  strategies to build our
business and revenues:

     *    Review  of  all  trade  publications  for  tenders  or  proposals  for
          consulting  engineering  work.  Production and  exploration  companies
          regularly publish these requests in trade publications such as Alberta
          Oil, Oilweek and Nickle's Oil Bulletin.
     *    Follow a process of regular  cold calls with key  personnel at various
          oil and gas companies with whom we have not had past relationships.
     *    Regularly   monitor   all   reservoir   and   production   development
          applications  made  by the oil and  gas  companies  to the  Government
          regulatory  agencies  such EUB (Alberta  Energy  Utilities  Board) and
          their counterparts in BC and Saskatchewan.
     *    Attend all relevant oil and gas trade shows to locate  prospects  that
          could potentially use our consulting engineering services.
     *    Update our website at  www.Minhasenergy.com  regularly  to reflect any
          new projects that may be in process or that have been completed.

DISTRIBUTION OF PRODUCTS OR SERVICES

We are  planning  to  generate  revenues  through the  provision  of  consulting
services  to  various  companies  operating  in the oil and  gas  industry.  The
distribution of products and services to consumers or businesses is not a factor
in our business.

SOURCES AND AVAILABILITY OF PRODUCTS AND SUPPLIES

There are no constraints on the sources or availability of products and supplies
related to our  business,  other than  manpower.  Because we provide  consulting
services,  the supplies we need for our business are limited generally to office
supplies, and computer hardware and software, all of which are readily available
from multiple suppliers.

The most  significant  input impacting our business is professional  engineering
manpower,  of which  there is  currently  a  shortage  of  qualified  personnel.
Initially,  we do not anticipate this being a detriment to our business,  as our
officers and  directors  will apply their own  engineering  expertise to provide

                                       6
<PAGE>
consulting  work  themselves.  As the number of projects  and the demand for the
company's  services  grow,  we will  need to  retain  more  engineers  either as
employees  or on a  contract  basis.  In  order  to  plan  for and  fulfill  our
requirements,  we  will  need  to  maintain  an  extensive  database  of  highly
experienced consultants.

To minimize  any future  manpower  shortages,  we plan to draw upon our existing
contacts when necessary,  and we will also establish new  relationships and work
with  other   engineering   companies  that  offer   complementary  and  related
engineering expertise.  This may include companies that provide similar services
such  that  together  we can  complete  a project  with  combined  manpower,  or
complementary  services  such as  electrical  and civil  engineers  to  complete
construction  related projects that require  disciplines that our company has no
experience or expertise with.

If we cannot attract  qualified people, or align ourselves with other consulting
engineering companies that can assist with projects for which we cannot complete
ourselves  because of a lack of manpower,  our business and  operations  will be
materially impacted, and may even result in our clients taking their business to
our competitors.

DEPENDENCE ON ONE OR A FEW MAJOR CUSTOMERS

We do not have any  customers  or clients at present,  nor have we  completed or
entered into any consulting contracts.

Although there are numerous oil and gas companies located in Western Canada from
which we can obtain  consulting  work,  the type of services we are  planning to
provide typically involve significant time and financial commitment to complete.
A typical  contract may take  several  months and all of the limited time of our
Officers and Directors.

Dependence  on one or a few  major  clients  is also  due to the  nature  of our
business,  our small  operations and a lack of professional  employees,  and the
limited  time  that our  officers  and  directors  can  spend  on our  business.
Therefore,  there is a strong likelihood that we will become dependent on one or
a few  major  clients.  The  loss  of any  consulting  contract,  or  any  major
disagreement  with  respect to  performance  under a contract,  would  therefore
materially impact our business and financial condition

PATENT, TRADEMARK,  LICENSE & FRANCHISE RESTRICTIONS AND CONTRACTUAL OBLIGATIONS
& CONCESSIONS

There are no inherent factors or circumstances associated with our business that
would  give  cause  for  any  patent,  trademark  or  license  infringements  or
violations.  We do not hold any  intellectual  property and we do not anticipate
any additions in the  foreseeable  future.  Because we are focusing on providing
consulting  services,  we use various third party computer  software programs to
assist us with the engineering  processes and evaluations we perform to form our
work.  This software is readily  available from several  suppliers and we do not
plan on developing any software ourselves.

We do not hold any other  intellectual  property  and we do not  anticipate  any
additions in the  foreseeable  future.  We have not entered  into any  franchise
agreements  or  other  contracts  that  have  given,  or  could  give  rise,  to
obligations or concessions.

EXISTING OR PROBABLE GOVERNMENT REGULATIONS

There are no existing government regulations nor are we aware of any regulations
being contemplated that would adversely affect our ability to operate.

Mr. Manmohan Minhas is a fully qualified  professional engineer and Mr. Ravinder
Minhas is a member in training.  Both of our Officers and  Directors are members
in  good  standing  with  APEGGA  in  Alberta.  APEGGA  is  the  self  governing
professional  association  for  professional  engineers in Alberta.  It sets all
standards for education,  engineering  practice,  conduct,  discipline and entry
into the professions of Engineering, Geology and Geophysics. Current regulations
require that the  President of a company  carrying  out  consulting  engineering
based in Alberta,  must be a Professional Engineer and a member in good standing
with APEGGA.  Our  President has been a  professional  engineer in good standing
with  APEGGA  since  1984.  Because  Ravinder  Minhas is a member  in  training,
Manmohan  Minhas must approve and certify all of his work performed on behalf of
our company. This requirement will also apply to any other individual or company

                                       7
<PAGE>
performing  engineering  work on our  company's  behalf,  whether they are fully
qualified engineers or not.

If  we  are  successful  in  obtaining  consulting  engineering  engagements  or
contracts in British Columbia or  Saskatchewan,  we will be required to register
on a project by project  basis to obtain a "Permit to  Practice".  This involves
submission of an application describing the scope of work and payment of fees to
the respective professional engineering association.  The approval is routine in
nature and guided by the inter-provincial engineering association agreements and
their agreement to recognize each other's professional members.

There are no  regulations  that apply to carrying  out  reservoir  or  petroleum
engineering  activities other than  professional  certification and adherence to
good engineering standards and practices.  As disclosed herein, these activities
are  focused  solely  on  the  analysis  and  interpretation  of  data  and  the
formulation of recommendations.

There  are  many  legislative  and  professional  body  rules,  regulations  and
guidelines we must comply with when performing oil and gas production facilities
engineering.  These rules and regulations have all been enacted to ensure a safe
workplace and operation of equipment.  Professional  engineers, as part of their
training and the  practice of their  profession,  are required to have  thorough
knowledge of these  requirements  in the  jurisdictions  in which they practice.
They are also  responsible  for ensuring that all  subcontractors  and equipment
suppliers  have  complied with all  applicable  rules and  regulations  and must
certify to their client and regulatory bodies that there is compliance.

All oil and gas  production  facilities  have to be designed in accordance  with
good engineering  principles and in compliance with various  approved  equipment
codes of the Canadian  Standards  Association,  American,  Society of Mechanical
Engineers, Alberta Energy Utilities Board and certain other organizations. If we
fail to comply with these  standards,  there is a financial  risk to our company
and the  Discipline  Committee  of APEGGA may  suspend or cancel our  consulting
engineering  permit and/or the professional  engineering  permit of Mr. Manmohan
Minhas. This would prohibit us from engaging in further consulting work, subject
us to significant liabilities and materially effect our ability to operate.

RESEARCH AND DEVELOPMENT ACTIVITIES AND COSTS

Minhas Energy has not incurred any research and  development  costs to date, and
has no plans to undertake  any research and  development  activities  during the
first year of operation.

COMPLIANCE WITH ENVIRONMENTAL LAWS

We are not aware of any  environmental  laws that have been enacted,  nor are we
aware of any such laws being  contemplated  for the future,  that impact  issues
specific to our business. In our industry,  environmental laws apply directly to
the owners and operators of oil and gas  exploration  and production  companies.
They do not apply to companies or individuals providing professional  consulting
services,  unless they have been engaged to consult on environmental matters. We
are not planning to provide environmental consulting services.

FACILITIES

Our Officers and Directors  have provided us with 400 sq ft of furnished  office
space located at Suite 110, 1915 - 27 Avenue NE Calgary  Alberta T2E 7E4 Canada,
free of charge for at least the next 12 months.  This location will serve as our
primary  office for planning and  implementing  our business  plan. We have also
budgeted to maintain and host web server  space for our website  through a third
party at a cost of $500 per year. Mr. Manmohan  Minhas and Mr. Ravinder  Minhas,
our Officers and Directors,  will also work from their  residence  located at 28
Arbour Estates Green NW, Calgary, Alberta, Canada, at no charge to our company.

                                       8
<PAGE>
EMPLOYEES

Minhas has no employees at the present  time.  Our officers and  directors,  are
responsible  for all  planning,  developing  and  operational  duties,  and will
continue to do so throughout the early stages of our growth.

We  have  no  intention  of  hiring   employees  until  the  business  has  been
successfully  launched and we have  sufficient,  reliable  revenue  flowing into
Minhas from our  operations.  Our  officers  and  directors  are  planning to do
whatever  work is required  until our  business to the point of having  positive
cash flow. Human resource  planning will be part of an ongoing process that will
include  regular  evaluation of operations  and revenue  realization.  We do not
expect to hire any employees within the first year of operation.

During the next 12 months and into the foreseeable  future, if we are successful
in obtaining  consulting  projects that require  professional or  administrative
personnel  that is either  beyond  the scope or  capacity  of our  Officers  and
Directors,  we may enter into joint  ventures  with four private  Alberta  based
consulting  engineering companies with which we have established  relationships.
Subject  to  negotiation  of the terms and  compensation,  these  companies  are
receptive  to  revenue  or  profit  sharing  arrangements.  There  are also many
independent consultants with which we have long term relationships that we could
potentially  draw upon to fulfill our  manpower  requirements.  These people are
experienced in the  professional  services we intend to provide and that provide
their services on an hourly basis. We will not enter into  consulting  contracts
or  engagements  if we do not have the  manpower  to  complete  the project on a
timely basis or according to the specifications provided by our clients.

RISK FACTORS

You  should  carefully  consider  the  following  risk  factors  and  all  other
information  contained herein as well as the information included in this Annual
Report in evaluating  our business and  prospects.  The risks and  uncertainties
described  below are not the only  ones we face.  Additional  unknown  risks and
uncertainties,  or that we currently believe are immaterial, may also impair our
business  operations.  If any of the  following  risks  occur,  our business and
financial  results  could be harmed.  You should refer to the other  information
contained in this Annual  Report,  including  our financial  statements  and the
related notes.

Much of the information included in this annual report includes or is based upon
estimates,    projections   or   other   "forward-looking    statements".   Such
forward-looking  statements  include any projections or estimates made by us and
our  management  in  connection  with  our  business  operations.   While  these
forward-looking  statements,  and any assumptions upon which they are based, are
made in good faith and reflect our current  judgment  regarding the direction of
our business, actual results will almost always vary, sometimes materially, from
any  estimates,   predictions,   projections,   assumptions,   or  other  future
performance   suggested   herein.   We   undertake  no   obligation   to  update
forward-looking  statements to reflect events or  circumstances  occurring after
the date of such statements.

Such  estimates,  projections  or  other  "forward-looking  statements"  involve
various risks and  uncertainties  as outlined  below. We caution readers of this
quarterly report that important  factors in some cases have affected and, in the
future,  could  materially  affect  actual  results and cause actual  results to
differ materially from the results expressed in any such estimates,  projections
or other  "forward-looking  statements".  In evaluating us, our business and any
investment  in our business,  readers  should  carefully  consider the following
factors.

RISKS ASSOCIATED WITH OUR BUSINESS

WE HAVE NO OPERATING HISTORY AND HAVE MAINTAINED  LOSSES SINCE INCEPTION,  WHICH
WE EXPECT TO CONTINUE INTO THE FUTURE.

We were incorporated on May 11, 2006, and have very limited operations.  We have
not  realized any  revenues to date.  We have no  operating  history at all upon
which an evaluation of our future  success or failure can be made.  Our net loss
from  inception  to December 31, 2007 is  $(69,133).  Our ability to achieve and
maintain profitability and positive cash flow is dependent upon:

                                       9
<PAGE>
     *    our ability to market our services to the oil and gas  exploration and
          production companies in the industry;
     *    our ability to generate ongoing consulting fee revenues;
     *    our ability to control costs, and;
     *    our  ability  to  compete  with  competing  service  providers  in the
          industry, that are providing similar or broader services

Based upon our proposed  plans,  we expect to incur  operating  losses in future
periods.  This will happen  because  there are  substantial  costs and  expenses
associated  with the marketing of our  services,  and we believe it will take an
extended period of time to develop  relationships with prospective  clients.  We
may fail to generate  revenues in the future.  Failure to generate revenues will
cause us to go out of  business  because  we will not have the  money to pay our
ongoing expenses.

IF WE ARE UNABLE TO OBTAIN THE NECESSARY REVENUES AND FINANCING TO IMPLEMENT OUR
BUSINESS PLAN WE WILL NOT HAVE THE MONEY TO PAY OUR ONGOING  EXPENSES AND WE MAY
GO OUT OF BUSINESS.

We have no operating history, no revenues and only losses to date. We may not be
able to achieve profitability, and if this occurs we will not be able to pay our
operating costs and we may go out of business.

At December 31, 2007 we had $35,550 of cash. 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.  If we fail to generate  sufficient  net
revenues,  we will need to raise additional  capital to continue our operations.
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. We may need to issue  additional
equity  securities  in the  future  to  raise  the  necessary  funds.  If we are
successful, the issuance of additional equity securities by us would result in a
significant  dilution in the equity interests of our current  stockholders.  The
resale of shares by our existing  shareholders  pursuant to this  prospectus may
result in  significant  downward  pressure on the price of our common  stock and
cause negative impact on our ability to sell additional equity securities.

WE MAY NOT BE ABLE TO COMPETE EFFECTIVELY AGAINST OUR COMPETITORS.

We  are  engaged  in a  highly  competitive  industry.  Competition  from  other
companies  is intense and  expected to increase.  Most of our  competitors  have
substantially greater resources,  professional staff, sales and marketing staff,
and professional  capabilities  than we do. Many of our competitors offer a full
line of  complementary  consulting  services to the industry and have  developed
strong long lasting relationships with their clients.  There can be no assurance
that we will be able to effectively  compete with our  competitors or that their
present and future services would render our services noncompetitive.

MINHAS'  BUSINESS MODEL MAY NOT BE SUFFICIENT TO ENSURE  MINHAS'  SUCCESS IN ITS
INTENDED MARKET

Our  survival  is  currently  dependent  upon the success of our efforts to gain
market  acceptance  of our services in a small sector of the overall oil and gas
industry.  Should  our  services  be too  narrowly  focused or should the target
market  not be as  responsive  as Minhas  anticipates,  we may not have in place
alternate services that we can offer to ensure its survival.

INABILITY  OF OUR  OFFICERS  AND  DIRECTORS  TO  DEVOTE  SUFFICIENT  TIME TO THE
OPERATION OF THE BUSINESS MAY LIMIT MINHAS' SUCCESS.

Presently,  our officers and directors  allocate only a portion of their time to
the  operation of our  business.  Since our officers and directors are currently
employed  full time  elsewhere,  they are only able to commit up 30 hours a week
doing work for Minhas. As a result,  demands for the time and attention from our
directors  and officers  from our company and other  entities may conflict  from
time to time.  Because  we rely  primarily  on our  directors  and  officers  to
maintain  our  business  contacts  and to promote  our  product,  their  limited
devotion of time and  attention to our  business  may hurt the  operation of our
business.

Should the business develop faster than anticipated,  the officers and directors
may not be able to devote  sufficient  time to the  operation of the business to
ensure that it continues as a going concern.

                                       10
<PAGE>
WE NEED TO RETAIN KEY PERSONNEL TO SUPPORT OUR SERVICES AND ONGOING OPERATIONS.

The  marketing  and  performance  of our  services  will  continue  to  place  a
significant  strain on our limited personnel,  management,  and other resources.
Our future success depends upon the continued services of our executive officers
and other  needed key  employees  and  contractors  who have  critical  industry
experience and relationships that we rely on to implement our business plan. The
loss of the services of any of our officers  (specifically  Mr. Manmohan Minhas)
would  negatively  impact our ability to sell and perform  our  services,  which
could adversely affect our financial  results and impair our growth.  Currently,
we have no employment  agreements  with our key employees and do not  anticipate
entering into any such agreements in the foreseeable future.

Our business is labor  intensive  and our industry is currently  experiencing  a
shortage of qualified professional  engineers. If we are successful in obtaining
consulting  engagements or contracts and do not have the appropriate manpower to
fulfill our obligations, our reputation,  operations and financial condition may
be adversely effected.

OUR INDEPENDENT  AUDITORS' REPORT STATES THAT THERE IS A SUBSTANTIAL  DOUBT THAT
WE WILL BE ABLE TO CONTINUE AS A GOING CONCERN.

Our independent auditors, Moore and Associates,  Chartered, state in their audit
report,  dated March 18, 2008,  that since we are a development  stage  company,
have no established  source of revenue and are dependent on our ability to raise
capital from  shareholders  or other sources to sustain  operations,  there is a
substantial doubt that we will be able to continue as a going concern.

This qualification clearly highlights that we will, in all likelihood,  continue
to incur expenses without significant revenues into the foreseeable future until
our services gain significant  popularity.  Our only source of funds to date has
been the sale of our common stock. Because we cannot assure anyone at this stage
that we will be able to generate enough interest in our services that we will be
able to generate any significant  revenues or income,  the identification of new
sources  equity  financing  is  significantly  more  difficult,  and  if we  are
successful in closing on any new financing,  existing  investors will experience
substantially  more  dilution.  The  ability to obtain  debt  financing  is also
severely  impacted,  and  likely  not even  feasible,  given that we do not have
revenues or profits to pay interest or repay principal.

As a result,  if we are unable to obtain  additional  financing at this stage in
our  operations,  our  business  will  fail and you may lose some or all of your
investment in our common stock.

INVESTORS  WILL HAVE LITTLE VOICE  REGARDING THE MANAGEMENT OF MINHAS DUE TO THE
LARGE  OWNERSHIP  POSITION HELD BY OUR EXISTING  MANAGEMENT AND THUS IT WOULD BE
DIFFICULT FOR NEW INVESTORS TO MAKE CHANGES IN OUR OPERATIONS OR MANAGEMENT, AND
THEREFORE, SHAREHOLDERS WOULD BE SUBJECT TO DECISIONS MADE BY MANAGEMENT AND THE
MAJORITY SHAREHOLDERS.

Officers and directors  directly own 4,500,000  shares of the total of 6,475,000
issued and outstanding  shares of Minhas's common stock and are in a position to
continue to control Minhas. Of these 6,475,000 shares,  Mr. Manmohan Minhas, our
President,  owns  4,000,000  shares  and  Mr.  Ravinder  Minhas,  our  Secretary
Treasurer and CFO owns 500,000 shares.  Collectively they own 69.5% of our total
outstanding common shares, and Manmohan Minhas is the father of Ravinder Minhas.
Such  control  may be  risky  to  the  investor  because  the  entire  company's
operations  are  dependent  on a very few  people  who could  lack  ability,  or
interest in pursuing Minhas operations. In such event, our business may fail and
you may lose your entire investment. Moreover, new investors will not be able to
effect a change in the company's business or management.

RISKS ASSOCIATED WITH OUR COMMON STOCK

DIFFICULTY FOR MINHAS STOCKHOLDERS TO RESELL THEIR STOCK DUE TO A LIMITED PUBLIC
TRADING MARKET

There is a very limited public  trading  market for our common stock,  and it is
unlikely that an active public trading market can be established or sustained in
the foreseeable future. Until there is an established trading market, holders of
our common stock may find it difficult to sell their stock or to obtain accurate
quotations  for the price of the common stock.  If a market for our common stock
does develop, our stock price may be volatile.

                                       11
<PAGE>
BROKER-DEALERS  MAY BE  DISCOURAGED  FROM EFFECTING  TRANSACTIONS  IN OUR SHARES
BECAUSE  THEY ARE  CONSIDERED  PENNY  STOCKS AND ARE  SUBJECT TO THE PENNY STOCK
RULES.

Rules 15g-1 through 15g-9 promulgated under the Securities  Exchange Act of 1934
impose sales practice and disclosure  requirements  on NASD  broker-dealers  who
make a market in "penny stocks". A penny stock generally includes any non-Nasdaq
equity security that has a market price of less than $5.00 per share.  Purchases
and sales of our shares will be generally facilitated by NASD broker-dealers who
act as  market  makers  for  our  shares.  The  additional  sales  practice  and
disclosure    requirements    imposed   upon   broker-dealers   may   discourage
broker-dealers from effecting  transactions in our shares,  which could severely
limit the  market  liquidity  of the shares and impede the sale of our shares in
the secondary market.

Under the penny stock regulations, a broker-dealer selling penny stock to anyone
other than an  established  customer or  "accredited  investor"  (generally,  an
individual with net worth in excess of $1,000,000 or an annual income  exceeding
$200,000,  or  $300,000  together  with his or her  spouse)  must make a special
suitability  determination  for the purchaser  and must receive the  purchaser's
written consent to the transaction  prior to sale,  unless the  broker-dealer or
the transaction is otherwise exempt.

In addition,  the penny stock regulations  require the broker-dealer to deliver,
prior to any transaction involving a penny stock, a disclosure schedule prepared
by the Commission  relating to the penny stock market,  unless the broker-dealer
or the  transaction is otherwise  exempt.  A  broker-dealer  is also required to
disclose   commissions   payable  to  the   broker-dealer   and  the  registered
representative   and  current   quotations  for  the  securities.   Finally,   a
broker-dealer  is required to send monthly  statements  disclosing  recent price
information  with  respect to the penny stock held in a  customer's  account and
information with respect to the limited market in penny stocks.

WE ARE SUBJECT TO THE PERIODIC REPORTING REQUIREMENTS OF THE SECURITIES EXCHANGE
ACT OF 1934,  WHICH REQUIRES US TO INCUR AUDIT FEES AND LEGAL FEES IN CONNECTION
WITH THE PREPARATION OF SUCH REPORTS.  THESE ADDITIONAL COSTS NEGATIVELY  AFFECT
OUR ABILITY TO EARN A PROFIT.

In order to comply with these requirements,  our independent registered auditors
have to review  our  financial  statements  on a  quarterly  basis and audit our
financial  statements  on an annual  basis.  Moreover,  our legal counsel has to
review and assist in the  preparation  of such reports.  The incurrence of these
costs is an expense  to our  operations  and they have a negative  effect on our
ability to meet our overhead requirements and earn a profit.

INVESTORS THAT NEED TO RELY ON DIVIDEND INCOME OR LIQUIDITY  SHOULD NOT PURCHASE
SHARES OF OUR COMMON STOCK.

We have not  declared  or paid any  dividends  on our  common  stock  since  our
inception,  and  we  do  not  anticipate  paying  any  such  dividends  for  the
foreseeable  future.  Investors that need to rely on dividend  income should not
invest in our common  stock,  as any income would only come from any rise in the
market  price  of our  common  stock,  which  is  uncertain  and  unpredictable.
Investors  that require  liquidity  should also not invest in our common  stock.
There is no established trading market and should one develop, it will likely be
volatile and subject to minimal trading volumes.

BECAUSE WE CAN ISSUE ADDITIONAL SHARES OF COMMON STOCK, PURCHASERS OF OUR COMMON
STOCK MAY INCUR IMMEDIATE DILUTION AND MAY EXPERIENCE FURTHER DILUTION.

We are authorized to issue up to 100,000,000 shares of common stock. At present,
there are 6,475,000 common shares issued and outstanding. Our Board of Directors
has the authority to cause us to issue additional shares of common stock without
consent  of  any  of  our  stockholders.   Consequently,  the  stockholders  may
experience more dilution in their ownership of Minhas in the future.

SINCE OUR OFFICERS AND DIRECTORS OWN A SIGNIFICANT  PERCENTAGE OF OUR ISSUED AND
OUTSTANDING  COMMON  STOCK,  ANY  FUTURE  SALES OF THEIR  SHARES MAY RESULT IN A
DECREASE  IN THE PRICE OF OUR  COMMON  STOCK AND THE VALUE OF OUR  STOCKHOLDER'S
INVESTMENT

Our officers  and  directors,  currently  own  4,500,000  shares of the total of
6,475,000 issued and outstanding  shares of our common stock.  Collectively they
own 69.5% of our total  outstanding  common  shares.  These shares are currently

                                       12
<PAGE>
restricted  from trading and under Rule 144, these shares are only available for
resale to the public if:

     *    We are no longer a shell company as defined under section 12b-2 of the
          Exchange  Act. A "shell  company"  is defined as a company  with no or
          nominal operations, and with no or nominal assets or assets consisting
          solely of cash and cash equivalents.
     *    We have  filed  all  Exchange  Act  reports  required  for the past 12
          months; and
     *    If  applicable,  at least one year has  elapsed  from the time that we
          file current Form 10  information on Form 8-K changing our status from
          a shell company to an entity that is not a shell company.

At present we are considered to be a shell company under the Exchange Act. If we
meet the  requirements  at any date subsequent to the date hereof in the future,
our  officers  and  directors  would be  entitled to sell within any three month
period a number of shares  that does not exceed the greater of: 1% of the number
of shares of our  common  stock  then  outstanding  which,  in this  case,  will
currently equate to approximately  64,750 shares;  or the average weekly trading
volume of Minhas  common stock during the four  calendar  weeks,  preceding  the
filing of a notice  on Form 144 with  respect  to the sale for  sales  exceeding
5,000 shares or an aggregate sale price in excess of $50,000. If fewer shares at
lesser value are sold, no Form 144 is required.

The  possibility of future sales of  significant  amounts of shares held by them
could decrease the market price of our common stock if the marketplace  does not
orderly adjust to the increase in shares in the market.  In such case, the value
of your investment in us will decrease.

OTHER RISKS

ALL OF OUR ASSETS AND OUR OFFICERS AND DIRECTORS ARE LOCATED IN CANADA. THIS MAY
CAUSE  ANY  ATTEMPTS  TO  ENFORCE  LIABILITIES  UNDER  THE U.S.  SECURITIES  AND
BANKRUPTCY LAWS TO BE VERY DIFFICULT.

Currently,  all of our assets and each of our officers and directors are located
in Alberta, Canada. Our planned for operations will also be conducted in both of
these  countries  as well as any  additional  assets that we acquire  hereafter.
Therefore,  any investor that attempts to enforce against the company or against
any of our officers and directors  liabilities that accrue under U.S. securities
laws or bankruptcy laws will face the difficulty of complying with local laws in
these countries,  with regards to enforcement of foreign  judgments.  This could
make it impracticable or uneconomic to enforce such liabilities.

ITEM 2. DESCRIPTION OF PROPERTY.

We do not own any property,  real or otherwise.  Our Officers and Directors have
provided us with 400 sq ft of furnished  office space located at Suite 110, 1915
- 27 Avenue NE Calgary  Alberta T2E 7E4 Canada,  free of charge for at least the
next 12 months.  This location will serve as our primary office for planning and
implementing  our business  plan. We have also budgeted to maintain and host web
server  space for our website  through a third party at a cost of $500 per year.
Our  officers  and  directors  will also work from  their  residence  in Calgary
Alberta at no charge to our company.

We believe our current  premises are adequate for our current  operations and we
do  not  anticipate  that  we  will  require  any  additional  premises  in  the
foreseeable future.

We do not have any investments or interests in any real estate. Our company does
not invest in real estate  mortgages,  nor does it invest in  securities  of, or
interests in, persons primarily engaged in real estate activities.

ITEM 3. LEGAL PROCEEDINGS.

We  are  not a  party  to  any  legal  proceedings,  nor  are  we  aware  of any
contemplated or pending legal proceedings against us.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.

                                       13
<PAGE>
                                     PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

In the United States,  our common shares are traded on the National  Association
of  Securities  Dealers  Inc. OTC  Bulletin  Board under the symbol  "MHAS." The
quarterly  high and low reported  sales prices for our common stock as quoted on
the OTCBB for the periods indicated are as follows:

                                                       High        Low
                                                       ----        ---
     YEAR ENDED DECEMBER 31, 2007

        Three Months Ended December 31, 2007            --          --

        Three Months Ended September 30, 2007           --          --

        May 21 - June 30, 2007                          --          --

The  foregoing  quotations  were  provided by Yahoo  finance and the  quotations
reflect inter-dealer prices, without retail mark-up, mark-down or commission and
may not represent actual transactions. There were no reported sales or trades on
the OTCBB  subsequent to our common  shares being  approved for quotation on the
OTC Bulletin Board on May 21, 2007.

Of the  6,475,000  shares  of common  stock  outstanding  as of March 24,  2008,
4,500,000 shares were owned by our officers,  directors and affiliates,  and may
only be resold in compliance with Rule 144 of the Securities Act of 1933 and are
also subject to the volume and trading limitations of Rule 144 of the Act.

We have no outstanding options or warrants, or other securities convertible into
common stock.

At March 14, 2008 three were 32 holders of record.

Routh Stock Transfer, Suite 1000, West Plano Parkway, Plano, Texas, USA 75093 is
the registrar and transfer  agent for our common  shares.  Their phone number is
(972) 381-2782 and their fax number is (972) 381-2783.

RULES GOVERNING  LOW-PRICE STOCKS THAT MAY AFFECT OUR  SHAREHOLDERS'  ABILITY TO
RESELL SHARES OF OUR COMMON STOCK

Quotations on the OTCBB reflect  inter-dealer  prices,  without retail  mark-up,
markdown or commission and may not reflect actual transactions. Our common stock
is subject  to certain  rules  adopted  by the SEC that  regulate  broker-dealer
practices  in  connection  with  transactions  in "penny  stocks".  Penny stocks
generally are securities with a price of less than $5.00,  other than securities
registered  on  certain  national  exchanges  or  quoted on the  Nasdaq  system,
provided  that  the  exchange  or  system  provides  current  price  and  volume
information with respect to transaction in such securities. The additional sales
practice  and  disclosure  requirements  imposed  upon  broker-dealers  are  may
discourage  broker-dealers from effecting transactions in our shares which could
severely  limit the  market  liquidity  of the shares and impede the sale of our
shares in the secondary market.

The penny stock rules require broker-dealers,  prior to a transaction in a penny
stock  not  otherwise  exempt  from the  rules,  to make a  special  suitability
determination  for the purchaser to receive the  purchaser's  written consent to
the transaction prior to sale, to deliver standardized risk disclosure documents
prepared by the SEC that provides  information about penny stocks and the nature
and  level of risks in the  penny  stock  market.  The  broker-dealer  must also
provide the customer with current bid and offer  quotations for the penny stock.

                                       14
<PAGE>
In addition,  the penny stock regulations  require the broker-dealer to deliver,
prior to any transaction involving a penny stock, a disclosure schedule prepared
by the SEC relating to the penny stock market,  unless the  broker-dealer or the
transaction is otherwise  exempt.  A broker-dealer  is also required to disclose
commissions  payable to the broker-dealer and the registered  representative and
current  quotations for the securities.  Finally, a broker-dealer is required to
send monthly statements  disclosing recent price information with respect to the
penny stock held in a  customer's  account and  information  with respect to the
limited market in penny stocks.

DIVIDENDS

We have not declared any cash  dividends,  nor do we intend to do so. We are not
subject to any legal  restrictions  respecting the payment of dividends,  except
that they may not be paid to render us insolvent.  Dividend policy will be based
on our cash  resources and needs and it is  anticipated  that all available cash
will be needed for our operations in the foreseeable future.

RECENT SALES OF UNREGISTERED SECURITIES

We have sold  securities  within the past three years  without  registering  the
securities under the Securities Act of 1933 on two separate occasions.

On May 11, 2006 Mr.  Manmohan  Minhas,  our President  and  Director,  purchased
4,000,000  shares of our common  stock for $0.001 per share or an  aggregate  of
$4,000.  On May 11,  2006 Mr.  Ravinder  Minhas,  our  Secretary  Treasurer  and
Director,  purchased  500,000 shares of our common stock for $0.001 per share or
an aggregate of $500. No  underwriters  were used,  and no  commissions or other
remuneration was paid except to Minhas.  The securities were sold in an offshore
transaction  relying on Rule 903 of Regulation S of the  Securities Act of 1933.
Mr. M. Minhas and Mr. R. Minhas are not U.S.  persons as that term is defined in
Regulation  S. No directed  selling  efforts  were made in the United  States by
Minhas, any distributor, any of their respective affiliates or any person acting
on behalf of any of the  foregoing.  We are subject to Category 3 of Rule 903 of
Regulation S and accordingly we implemented the offering  restrictions  required
by Category 3 of Rule 903 of  Regulation S by including a legend on all offering
materials  and documents  which stated that the shares have not been  registered
under the  Securities  Act of 1933 and may not be  offered or sold in the United
States or to US persons  unless the shares are  registered  under the Securities
Act  of  1933,  or an  exemption  from  the  registration  requirements  of  the
Securities Act of 1933 is available.  The offering  materials and documents also
contained a statement that hedging transactions  involving the shares may not be
conducted  unless in  compliance  with the  Securities  Act of 1933.  The shares
continue to be subject to Rule 144 of the Securities Act of 1933.

On September 30, 2006 we accepted  subscription  agreements  that sold 1,975,000
common  shares to 38  subscribers  at an  offering  price of $0.05 per share for
gross offering proceeds of $98,750. This was an offshore transaction pursuant to
Regulation  S of the  Securities  Act.  The  offering  price  for  the  offshore
transactions was established on an arbitrary basis. All of the following persons
are not U.S. persons, as the term is defined under Regulation S and the sales of
our common stock to the following  person are made in offshore  transactions  as
the term is defined under  Regulation S. No direct selling  efforts were made in
the United States by Minhas, any distributor, any of ourr respective affiliates,
or any  person  acting on  behalf of any of the  foregoing.  We are  subject  to
Category  3 of Rule 903 of  Regulation  S and  accordingly  we  implemented  the
offering  restrictions  required  by Category 3 of Rule 903 of  Regulation  S by
including a legend on all offering materials and documents which stated that the
shares have not been registered  under the SECURITIES ACT OF 1933 and may not be
offered or sold in the United  States or to U.S.  persons  unless the shares are
registered  under the SECURITIES ACT OF 1933, if an exemption from  registration
requirements of the SECURITIES ACT OF 1933 is available.  The offering materials
and documents also contained a statement that hedging transactions involving the
shares may not be conducted  unless in  compliance  with the  SECURITIES  ACT OF
1933.

No  underwriters  were used, and no commissions or other  remuneration  was paid
except to the company for any of the above noted.

SALE OF FROM REGISTERED SECURITIES AND USE OF PROCEEDS

None.

                                       15
<PAGE>
DESCRIPTION OF SECURITIES

COMMON STOCK

We are authorized to issue  100,000,000  shares of common stock with a par value
of $0.001. We are not authorized to issue shares of preferred stock. As at March
24, 2008 we had  6,475,000  common  shares  outstanding.  There are no warrants,
options or convertible securities outstanding. Upon liquidation,  dissolution or
winding up of the corporation, the holders of common stock are entitled to share
ratably in all net assets  available  for  distribution  to  stockholders  after
payment to creditors.  The common stock is not convertible or redeemable and has
no  preemptive,  subscription  or conversion  rights.  There are no  conversion,
redemption,  sinking fund or similar provisions regarding the common stock. Each
outstanding  share of  common  stock  is  entitled  to one  vote on all  matters
submitted to a vote of stockholders. There are no cumulative voting rights.

Each  stockholder is entitled to receive the dividends as may be declared by our
board of directors  out of funds legally  available  for  dividends  and, in the
event of liquidation,  to share pro rata in any distribution of our assets after
payment of  liabilities.  Our board of directors  is not  obligated to declare a
dividend. Any future dividends will be subject to the discretion of our board of
directors  and will  depend  upon,  among other  things,  future  earnings,  the
operating  and  financial  condition of our company,  its capital  requirements,
general business  conditions and other pertinent factors.  It is not anticipated
that dividends will be paid in the foreseeable future.

There are no  provisions  in our  articles of  incorporation  or our bylaws that
would delay, defer or prevent a change in control of our company.

ITEM 6. MANAGEMENT'S 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-KSB;  and our  SB-2  Registration
Statement, filed on March 5, 2006.

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
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 December 31, 2008.
     *    Achieve break even operations over the next 18 months

                                       16
<PAGE>
During  2007,  we set up our Website  www.MinhasEnergy.com  , compiled a list of
perspective  customers  and  companies by  researching  Nickle's  Oil  Bulletin,
OIlweek and other industry publications.  We also attended the International Gas
and Oil (GO) Exposition held in Calgary June 12 to 14, 2007 where there were 600
exhibitions  and had 20 000 attendees.  This was very helpful in maintaining our
understanding  of the industry and talking to various  perspective  clients.  We
also attended  APEGGA  (Association  of  Professional  Engineers  Geologists and
Geophysicists of Alberta)  Luncheons and member meetings.  Various meetings were
held with perspective clients. Cold calls were also made and a brochure has also
been prepared.

Plans for 2008 consists of finishing the CD/DVD,  preparing designs and contents
of  the  billboards,  booking  booths  at  Tradeshows  including  APEGGA  Annual
Convention, Heavy Oil Shows in Edmonton and Regina. Also cold calls will be made
and further  meetings will be held with  perspective  consultants.  We will also
prepare to do a targeted mailing of our CD/DVD as well as brochure.

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  10 - 20 hours a week in order to
carry out our operations.

Our future operations are also 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 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.

Our  company  posted  losses of $60,078  for the year ended  December  31,  2007
compared to $9,055 for the prior period from our  incorporation on May 11, 2006.
From  inception to December  31, 2007 we have  incurred  losses of $69,133.  The
principal   component  of  these  losses  was  marketing   expenses  of  $32,510
(2006-$2,100)  and  general  and  administrative  expenses  of  $27,181  ( 2006-
$4,891).

At  December  31, 2007 we had  working  capital of $32,550,  compared to working
capital of $91,959 at December 31,  2006.  At December 31, 2007 our total assets
Consisted  of cash of $35,550 and net capital  assets of $1,567.  This  compares
with total assets at December 31, 2006 of $91,959 and $2,236 respectively.

At December  31,  2007 our total  current  liabilities,  all  accounts  payable,
increased to $3,000 from $nil at December 31, 2006.

We had $35,550 of cash at the  beginning of our 2008 fiscal  year.  We currently
believe our cash  resources  are only  sufficient  to satisfy our needs over the
next 4-6 months if we cannot  generate any  revenues.  Cash on hand is presently
our only source of liquidity.  We do not have any lending  arrangements in place
with banking or financial  institutions and we do not anticipate that we will be
able to secure these funding arrangements in the near future. To the extent that
we require  additional  funds to support our  operations or the expansion of our
business,  we may attempt to sell  additional  equity shares or issue debt.  Any
sale  of  additional   equity   securities   will  result  in  dilution  to  our
stockholders.  There can be no assurance that additional financing, if required,
will be available to our company or on acceptable terms.

We do not anticipate making any major purchases of capital assets in the next 12
months,  or  conducting  any research  and  development.  Our current  corporate
employee  count is expected to remain the same for the next 12 months  unless we
are  successful  in procuring  engineering  contracts  that  require  additional
manpower.

                                       17
<PAGE>
QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

We  believe  our  market  risk  exposures  arise  primarily  from  exposures  to
fluctuations  in interest rates and exchange  rates.  We presently only transact
business in Canadian  and US Dollars.  We believe  that the  exchange  rate risk
surrounding  the future  transactions  of the  Company  will not  materially  or
adversely  affect  our  future  earnings.  We do not  use  derivative  financial
instruments to manage risks or for speculative or trading purposes.

ITEM 7. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

The  financial  statements  required by this Item begin on Page F-1 of this Form
10-KSB, and include:

     *    the report of independent accountants

     *    balance sheet as of December 31, 2007

     *    statements of operations, cash flows and stockholders' deficiency from
          the incorporation date to December 31, 2007

     *    notes to the financial statements

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
        FINANCIAL DISCLOSURE.

None.

ITEM 8A. CONTROLS AND PROCEDURES

Evaluation of disclosure controls and procedures.

An evaluation was performed under the supervision and with the  participation of
our management,  including the Chief  Executive  Officer and the Chief Financial
Officer,  of the  effectiveness  of the design and  operation of our  disclosure
controls and procedures.  Based on management's  evaluation as of the end of the
period  covered by this Annual  Report,  our Chief  Executive  Officer and Chief
Financial  Officer  concluded  that as of the end of the period  covered by this
report,  our disclosure  controls and procedures (as defined in Rules  13a-15(e)
and  15d-15(e)  under the  Securities  Exchange  Act of 1934,  as  amended  (the
"EXCHANGE ACT")) were effective in ensuring that the information  required to be
disclosed  by us in the reports that we file under the Exchange Act is gathered,
analyzed and disclosed with adequate timeliness, accuracy and completeness.

Disclosure  controls and  procedures and other  procedures  that are designed to
ensure  that  information  required  to be  disclosed  in our  reports  filed or
submitted  under the  Securities  Exchange Act of 1934 is  recorded,  processed,
summarized and reported,  within the time period 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 reports filed under the  Securities
Exchange Act of 1934 is accumulated and  communicated  to management,  including
our president and chief  executive  officer and our chief  financial  officer as
appropriate, to allow timely decisions regarding required disclosure.

Changes in internal controls and procedures.

There were no changes in our internal  controls over financial  reporting,  that
occurred  during the last fiscal quarter that have materially  affected,  or are
reasonably  likely to materially  affect,  our internal  control over  financial
reporting

ITEM 8B. OTHER INFORMATION

None

                                       18
<PAGE>
                                    PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS

All  directors of our company  hold office until the next annual  meeting of the
stockholders  or until their  successors  have been elected and  qualified.  The
officers of our company are  appointed by our board of directors and hold office
until their  death,  resignation  or removal  from  office.  Our  directors  and
executive  officers,  their ages,  positions  held, and duration as such, are as
follows:

<TABLE>
<CAPTION>
                                                                              Date First Elected
       Name                  Position Held with the Company          Age         or Appointed
       ----                  ------------------------------          ---         ------------
<S>                      <C>                                        <C>        <C>
Manmohan S. Minhas       President, CEO and Director                  52         May 11, 2006
Ravinder S. Minhas       Secretary Treasurer, CFO and Director        24         May 11, 2006
</TABLE>

BUSINESS EXPERIENCE

The following is a brief  account of the  education  and business  experience of
each  director  and  executive  officer  during at least  the past  five  years,
indicating each person's business  experience,  principal  occupation during the
period,  and the name and principal business of the organization by which he was
employed.

MR. MANMOHAN S. MINHAS, PRESIDENT, CEO, MEMBER OF THE BOARD OF DIRECTORS

Mr.  Manmohan  Minhas  has been  serving as  Minhas'  President  and a member of
Minhas' Board of Directors since May 11, 2006. The term of his office is for one
year and is renewable on an annual basis.

Mr. Manmohan Minhas worked for  PanCanadian  Petroleum (now EnCana  Corporation)
from May 1980 to August 1993. He started as a Project Engineer and worked on the
design and  construction  of oil and gas production  facilities for the company.
These facilities included gas plants,  compressor stations,  pipelines,  and oil
production  batteries.  By August 1985, he had successfully  completed over $100
million worth of projects and led a department with 20 employees.  On July 1986,
he was  transferred  to Reservoir  Exploitation  Department,  where he worked on
conceptual  planning,  reservoir  engineering  studies,  primary  and  secondary
petroleum recovery studies, reserve estimates,  and production forecasts.  These
projects were all based in central and southern  Alberta.  In this position,  he
was responsible for the supervision of 12 engineers.

From June 1988 to September  1990 he was the leader of the  Reserves  Task Force
for  Pan  Canadian,  with a  group  of 15  engineers,  geologists  and  computer
personnel. The group reviewed over 15,000 oil and gas properties the company had
interest in Alberta,  Saskatchewan,  BC, Colorado and California for purposes of
regulatory  disclosure of oil and gas reserves reporting.  On September 1990, he
was appointed Supervisor, Production Revenue Department, and was responsible for
acquisitions and divestures of producing  properties,  and an operations  budget
for the  company of over $500  million  annually.  He was also  responsible  for
contracts for processing and transportation of oil and gas through the company's
facilities, and supervised a staff of approximately 20 personnel.

During his tenure with Pan Canadian,  he also supervised 7 Alberta based oil and
gas  exploration   projects  through   conceptual   development,   drilling  and
production,  with an aggregate expenditure budget in excess of $150 million. Mr.
Minhas left  PanCanadian  in August 1993.  From August 1993 to September 1994 he
acted as a  Principal  Consulting  Engineer  with  Quantel  Engineering  Ltd. At
Quantel, Mr. Minhas did conceptual,  detailed engineering and Project Management
of oil and gas  field  production  facilities  in  Southern  Alberta,  including
compressor  stations,  pipelines,  gas plants and gas wellsite  construction and
development.

In April  1990,  he  founded  and  acted  as  President  of  Minhas  Training  &
Development,  Inc., which conducted  seminars for  multi-national  oil companies
located throughout the world, including Indonesia,  Malaysia,  Thailand, Brunei,
Canada,   USA,   Singapore  and  Russia.   Subjects  taught  included  Reservoir
Engineering, Petroleum Economic Evaluations, Petroleum Production Facilities and
Project Management. He taught these seminars until July 2000.

                                       19
<PAGE>
He received his B.Sc. (Mechanical Engineering) from the University of Calgary in
1980. He is a Registered  Professional Engineer with Association of Professional
Engineers,  Geologists and Geophysicists of Alberta ("APEGGA").  He was given an
Exemplary  Voluntary  Service  Award by  APEGGA in 1992.  He has also  completed
numerous  seminars  and  courses  in many  facets of  petroleum  production  and
facilities, reservoir engineering, drilling, well testing and log analysis.

He is currently  devoting  approximately  20 hours a week of his time to Minhas,
and is planning to continue to do so during the next 12 months of operation.

Mr.  Manmohan Minhas is a member of the Board of Directors of American Oil & Gas
Inc., a publicly traded US oil and gas exploration and development company based
in Denver,  Colorado.  The  company  is listed on the AMEX and trades  under the
symbol  "AEZ".  He is  also  a  member  of the  company's  Audit  Committee  and
Compensation Committee.

MR.  RAVINDER  S.  MINHAS,  SECRETARY  TREASURER,  CFO,  MEMBER  OF THE BOARD OF
DIRECTORS

Mr. Ravinder Minhas has been serving as Minhas'  Secretary,  CFO and a member of
the Board of  Directors  since May 11,  2006.  The term of his office is for one
year and is renewable on an annual basis.

He  is  the  founder,  President  and  100%  owner  of  Mountain  Crest  Brewing
Corporation,  which he formed in 2001 and which  markets and sells 8 beer brands
in Alberta,  Canada. Its retail revenues are approximately $55 million annually.
In October,  2007,  he formed  Mountain  Crest SRL and  acquired an  independent
brewery located in Monroe, Wisconsin. It is presently ranked as the 12th largest
brewery  in the  USA,  producing  over 5  million  cases of beer  annually.  Mr.
Ravinder  Minhas is also  President and owner of Mountain  Crest Liquors Inc., a
private  company  that  markets  and sells its own brands of  distilled  spirits
throughout Alberta.

From May 2003 to  September  2003,  he worked for Husky  Energy  Inc. as a Field
Operating  Engineer.  He was responsible for  approximately 55 operating oil and
water injection wells, and related gathering systems, pipelines,  processing and
shipping facilities located in Unity  Saskatchewan.  From September 2003 to June
2004 he  worked  as an  Engineer  in the Heavy  Oil and  Enhanced  Oil  Recovery
Departments,  working on optimization  and development of the oil and gas fields
located in Northern Alberta.

Ravinder  obtained a B.Sc.  in Oil and Gas  Engineering  from the  University of
Calgary  in 2005.  He is  currently  a MIT  Engineer  (Member-in-Training)  with
APEGGA. He will be eligible to become a fully qualified Professional Engineer in
2008, on completion of certain prerequisites for work experience and an entrance
exam. He has also received several awards for his accomplishments in the brewery
and distilled spirits industry.

Mr. Ravinder Minhas is currently  devoting  approximately 10 hours a week of his
time to Minhas,  and is  planning to continue to do so during the next 12 months
of operation.

He is not an officer or director of any  reporting  company  that files  annual,
quarterly,  or periodic  reports with the United States  Securities and Exchange
Commission.

COMMITTEES OF THE BOARD

We do not have an audit or compensation committee at this time.

AUDIT COMMITTEE FINANCIAL EXPERT

We currenly do not have an audit committee  financial  expert, or an independent
audit committee expert on our Board of Directors.

FAMILY RELATIONSHIPS

Mr. Manmohan Minhas is the father of Ravinder Minhas.

                                       20
<PAGE>
INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS

Our directors,  executive officers and control persons have not been involved in
any of the following events during the past five years:

     1.   any bankruptcy petition filed by or against any business of which such
          person was a general  partner or executive  officer either at the time
          of the bankruptcy or within two years prior to that time;
     2.   any conviction in a criminal  proceeding or being subject to a pending
          criminal  proceeding  (excluding  traffic  violations  and other minor
          offenses);
     3.   being  subject to any order,  judgment,  or decree,  not  subsequently
          reversed,   suspended   or   vacated,   of  any  court  of   competent
          jurisdiction,   permanently   or   temporarily   enjoining,   barring,
          suspending  or  otherwise  limiting  his  involvement  in any  type of
          business, securities or banking activities; or
     4.   being found by a court of competent  jurisdiction (in a civil action),
          the  Commission or the Commodity  Futures  Trading  Commission to have
          violated a federal or state  securities  or  commodities  law, and the
          judgment has not been reversed, suspended, or vacated.

CONFLICT OF INTEREST

None of our officers or directors are subject to a conflict of interest.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING

Section 16(a) of the Securities  Exchange Act of 1934, as amended,  requires our
executive  officers  and  directors  and  persons  who own  more  than  10% of a
registered  class of our  equity  securities  to file  with the  Securities  and
Exchange  Commission  initial  statements  of beneficial  ownership,  reports of
changes in ownership and annual reports concerning their ownership of our common
stock and other equity securities,  on Forms 3, 4 and 5 respectively.  Executive
officers,  directors  and  greater  than 10%  shareholders  are  required by the
Securities and Exchange Commission  regulations to furnish us with copies of all
Section 16(a) reports they file.

To the best of our knowledge,  our executive  officers and directors filed their
Form 3 reports on a timely basis.

ITEM 10. EXECUTIVE COMPENSATION.

The following table sets forth  information with respect to compensation paid by
us to our officers  from our date of  incorporation  on May 11, 2006 to December
31, 2007.

SUMMARY COMPENSATION TABLE

<TABLE>
<CAPTION>
                                                                                    Change in
                                                                                     Pension
                                                                                    Value and
                                                                      Non-Equity   Nonqualified
                                                                      Incentive     Deferred       All
 Name and                                                               Plan         Compen-      Other
 Principal                                      Stock       Option     Compen-       sation       Compen-
 Position          Year   Salary     Bonus      Awards      Awards     sation       Earnings      sation     Totals
------------       ----   ------     -----      ------      ------     ------       --------      ------     ------
<S>                <C>       <C>       <C>          <C>        <C>        <C>           <C>         <C>        <C>
Manmohan Minhas    2007     0         0           0            0          0            0             0         0
President & CEO    2006     0         0           0            0          0            0             0         0

Ravinder Minhas    2007     0         0           0            0          0            0             0         0
Secretary,         2006     0         0           0            0          0            0             0         0
Treasurer, CFO
</TABLE>

                                       21
<PAGE>
Since our date of incorporation to the date hereof,  our executive officers have
not received and are not accruing any compensation. The officers anticipate that
they will not receive,  accrue, earn, be paid or awarded any compensation during
the first year of operations.  We have not entered into any employment agreement
or consulting agreement with our directors and executive officers.

The following table sets forth  information with respect to compensation paid by
us to our directors from our date of  incorporation  on May 11, 2006 to December
31, 2007.

DIRECTOR COMPENSATION TABLE

<TABLE>
<CAPTION>
                                                                     Change in
                                                                      Pension
                                                                     Value and
                   Fees                            Non-Equity       Nonqualified
                  Earned                            Incentive        Deferred
                 Paid in      Stock     Option        Plan         Compensation     All Other
    Name           Cash      Awards     Awards     Compensation      Earnings      Compensation     Total
    ----           ----      ------     ------     ------------      --------      ------------     -----
<S>             <C>       <C>        <C>           <C>             <C>            <C>              <C>
Manmohan Minhas      0         0           0            0                0               0            0

Ravinder Minhas      0         0           0            0                0               0            0
</TABLE>

All compensation received by the officers and directors has been disclosed.

OPTION/SAR GRANTS

There are no stock option, retirement,  pension, or profit sharing plans for the
benefit of our officers and directors.

LONG-TERM INCENTIVE PLAN AWARDS

We do not have any long-term incentive plans.

DIRECTORS COMPENSATION

We have no formal plan for  compensating  our  directors  for their  services in
their  capacity  as  directors.  Directors  are  entitled to  reimbursement  for
reasonable travel and other  out-of-pocket  expenses incurred in connection with
attendance  at meetings of our board of  directors.  The board of directors  may
award special  remuneration to any director  undertaking any special services on
behalf of our company  other than  services  ordinarily  required of a director.
Since  inception to the date hereof,  no director  received  and/or  accrued any
compensation  for  his  or  her  services  as a  director,  including  committee
participation and/or special assignments.

The  Executive  Officers  have not received any  compensation  since the date of
incorporation of our Company, and we did not accrue any compensation.  There are
no securities authorized for issuance under any equity compensation plan, or any
options, warrants, or rights to purchase our common stock.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
         RELATED STOCKHOLDER MATTERS

The following  table sets forth certain  information,  as of March 24, 2008 with
respect to any person  (including  any "group",  as that term is used in Section
13(d)(3) of the  Securities  Exchange  Act of 1934,  as amended  (the  "Exchange
Act")) who is known to the Company to be the beneficial  owner of more than five

                                       22
<PAGE>
percent of any class of the Company's voting securities,  and as to those shares
of the Company's equity securities  beneficially owned by each its director, the
executive  officers  of the  company  and  all of its  directors  and  executive
officers of the Company and all of its  directors  and  executive  officers as a
group.  Unless otherwise  specified in the table below, such information,  other
than information  with respect to the directors and officers of the Company,  is
based  on a  review  of  statements  filed,  with the  Securities  and  Exchange
commission (the "Commission") pursuant to Sections 13 (d), 13 (f), and 13 (g) of
the Exchange Act with respect to the  Company's  Common  Stock.  As of March 24,
2008, there were 6,475,000 shares of Common Stock outstanding.

The  number  of  shares of Common  Stock  beneficially  owned by each  person is
determined  under  the  rules  of the  Commission  and  the  information  is not
necessarily indicative of beneficial ownership for any other purpose. Under such
rules, beneficial ownership includes any shares as to which such person has sole
or  shared  voting  power or  investment  power  and also any  shares  which the
individual  has the  right to  acquire  within 60 days  after  the date  hereof,
through  the  exercise  of any stock  option,  warrant  or other  right.  Unless
otherwise indicated, each person has sole investment and voting power (or shares
such power with his or her spouse)  with  respect to the shares set forth in the
following table. The inclusion  herein of any shares deemed  beneficially  owned
does not constitute an admission of beneficial ownership of those shares.

The table  also shows the  number of shares  beneficially  owned as of March 24,
2008 by each of the  individual  directors  and  executive  officers  and by all
directors and executive officers as a group.

                                                          Amount and
                                                          Nature of     Percent
Title of                                                  Beneficial      of
 Class         Name and Address of Beneficial Owner       Ownership      Class
 -----         ------------------------------------       ---------      -----

Common         Mr. Manmohan S. Minhas                     4,000,000      61.78%
               President, CEO, Director
               28 Arbour Estates Green NW, Calgary,
               Alberta, Canada

Common         Mr. Ravinder S. Minhas                       500,000       7.72%
               Secretary Treasurer, CFO, Director
               28 Arbour Estates Green NW, Calgary,
               Alberta, Canada

Common         Directors and officers as a group
                of two (1)                                4,500,000      69.50%

----------
(1)  Percent of Ownership is calculated in accordance  with the  Securities  and
     Exchange Commission's Rule 13(d) - 13(d)(1)

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

Other than the stock transactions  disclosed below, we have not entered into any
transactions in which any of our directors, executive officers, or affiliates of
our Company,  including any member of an immediate  family,  had or is to have a
direct or indirect material interest.

On May 11, 2006 Mr.  Manmohan  Minhas,  our President  and  Director,  purchased
4,000,000  shares of our common  stock for $0.001 per share or an  aggregate  of
$4,000.  On May 11,  2006 Mr.  Ravinder  Minhas,  our  Secretary  Treasurer  and
Director,  purchased  500,000 shares of our common stock for $0.001 per share or
an aggregate of $500. No  underwriters  were used,  and no  commissions or other
remuneration was paid except to Minhas.  The securities were sold in an offshore
transaction  relying on Rule 903 of Regulation S of the  Securities Act of 1933.
Mr. M. Minhas and Mr. R. Minhas are not U.S.  persons as that term is defined in
Regulation  S. No directed  selling  efforts  were made in the United  States by
Minhas, any distributor, any of their respective affiliates or any person acting
on behalf of any of the  foregoing.  We are subject to Category 3 of Rule 903 of
Regulation S and accordingly we implemented the offering  restrictions  required
by Category 3 of Rule 903 of  Regulation S by including a legend on all offering
materials  and documents  which stated that the shares have not been  registered
under the  Securities  Act of 1933 and may not be  offered or sold in the United
States or to US persons  unless the shares are  registered  under the Securities
Act  of  1933,  or an  exemption  from  the  registration  requirements  of  the

                                       23
<PAGE>
Securities Act of 1933 is available.  The offering  materials and documents also
contained a statement that hedging transactions  involving the shares may not be
conducted  unless in  compliance  with the  Securities  Act of 1933.  The shares
continue to be subject to Rule 144 of the Securities Act of 1933.

ITEM 13. EXHIBITS.

      3.1         Articles of Incorporation*
      3.2         By-laws*
     31.1         Section 302 Certification - Chief Executive Officer
     31.2         Section 302 Certification - Chief Financial Officer
     32.1         Certification Pursuant to 18 U.S.C. Section 1350, as adopted
                  pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 -
                  Chief Executive Officer.
     32.2         Certification Pursuant to 18 U.S.C. Section 1350, as adopted
                  pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 -
                  Chief Financial Officer.

----------
*    Incorporated by reference to our SB2 Registration  Statement filed on March
     5, 2006, SEC File Number 333-141060.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

AUDIT FEES.

The aggregate fees billed by our auditors,  for professional  services  rendered
for the audit of our annual financial statements for the year ended December 31,
2007 and 2006, and for the reviews of the financial  statements  included in our
Quarterly Reports on Form 10-QSB during that fiscal year were $6,000, and $2,250
respectively.

AUDIT RELATED FEES.

We incurred nil fees to auditors  for audit  related fees during the fiscal year
ended December 31, 2007 and 2006.

TAX FEES.

We  incurred  nil  fees  to  auditors  for tax  compliance,  tax  advice  or tax
compliance services during the fiscal year ended December 31, 2007 and 2006.

ALL OTHER FEES.

We did not incur any other fees billed by auditors for services  rendered to our
Company,  other than the  services  covered in "Audit  Fees" for the fiscal year
ended December 31, 2007 and 2006.

The Board of  Directors  has  considered  whether  the  provision  of  non-audit
services is compatible with maintaining the principal accountant's independence.

                                       24
<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 24th day of March
2008.

                             MINHAS ENERGY CONSULTANTS, INC.


Date: March 24, 2008         By: /s/ Manmohan Minhas
                                ----------------------------------------------
                             Name:  Manmohan Minhas
                             Title: President/CEO, principal executive officer


Date: March 24, 2008         By: /s/ Ravinder Minhas
                                ----------------------------------------------
                             Name:  Ravinder Minhas
                             Title: Chief Financial Officer, principal financial
                                    officer

                                       25
<PAGE>
MOORE & ASSOCIATES, CHARTERED
  ACCOUNTANTS AND ADVISORS
     PCAOB REGISTERED


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors
Minhas Energy Consultants, Inc.
(A Development Stage Company)

We have audited the  accompanying  balance sheet of Minhas  Energy  Consultants,
Inc. (A  Development  Stage  Company) as of December  31, 2007 and  December 31,
2006, and the related  statements of operations,  stockholders'  equity and cash
flows from  inception  May 11, 2006  through  December 31, 2007 and December 31,
2006.  These  financial  statements  are  the  responsibility  of the  Company's
management.  Our  responsibility  is to express  an  opinion on these  financial
statements based on our audits.

We conducted  our audits in  accordance  with  standards  of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and  perform  the  audits to  obtain  reasonable  assurance  about  whether  the
financial  statements  are free of  material  misstatement.  An  audit  includes
examining,  on a test basis,  evidence supporting the amounts and disclosures in
the  financial  statements.  An audit also  includes  assessing  the  accounting
principles  used  and  significant  estimates  made  by  management,  as well as
evaluating the overall  financial  statement  presentation.  We believe that our
audits provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects, the financial position of Minhas Energy Consultants, Inc.
(A Development Stage Company) as of December 31, 2007 and December 31, 2006, and
the related statements of operations,  stockholders'  equity and cash flows from
inception  May 11, 2006 through  December  31, 2007 and  December  31, 2006,  in
conformity with accounting principles generally accepted in the United States of
America.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 3 to the
financial  statements,  the Company has net losses for the period from inception
to December  31,  2007 of  $69,133,  which  raises  substantial  doubt about its
ability to continue as a going  concern.  Management's  plans  concerning  these
matters are also  described in Note 3. The  financial  statements do not include
any adjustments that might result from the outcome of this uncertainty.


/s/ Moore & Associates, Chartered
------------------------------------------
Moore & Associates Chartered
Las Vegas, Nevada
March 18, 2008


               2675 S. Jones Blvd. Suite 109, Las Vegas, NV 89146
                       (702) 253-7499 Fax (702) 253-7501

                                      F-1
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)

                                  BALANCE SHEET

<TABLE>
<CAPTION>
                                                           December 31,       December 31,
                                                              2007               2006
                                                            --------           --------
<S>                                                         <C>                <C>
ASSETS

Current assets
  Cash and bank accounts                                    $ 35,550           $ 91,959
                                                            --------           --------

      Total current assets                                    35,550             91,959

Website, net of accumulated amortization (Note 7)              1,567              2,236
                                                            --------           --------

Total assets                                                $ 37,117           $ 94,195
                                                            ========           ========

LIABILITIES AND STOCKHOLDERS' EQUITY

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

      Total liabilities                                        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           (69,133)            (9,055)
                                                            --------           --------

      Total stockholders' equity                              34,117             94,195
                                                            --------           --------

Total liabilities and stockholders' equity                  $ 37,117           $ 94,195
                                                            ========           ========
</TABLE>


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

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

                             STATEMENT OF OPERATIONS

<TABLE>
<CAPTION>
                                                                                           Cumulative
                                                                                          Amounts From
                                                                       Date of              Date of
                                                                   Incorporation on     Incorporation on
                                                                     May 11, 2006         May 11, 2006
                                                 Year ended               to                   to
                                                 December 31,         December 31,         December 31,
                                                    2007                 2006                 2007
                                                 ----------           ----------           ----------
<S>                                              <C>                  <C>                  <C>
REVENUE                                          $       --           $       --           $       --
                                                 ----------           ----------           ----------
OPERATING EXPENSES
  Amortization                                          807                   64                  871
  General & Administrative                           27,181                4,891               32,072
  Marketing                                          32,510                2,100               34,610
  Organization                                           --                1,500                1,500
  Website                                                --                  500                  500
                                                 ----------           ----------           ----------
Loss from operations                                (60,498)              (9,055)             (69,553)

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

Loss before income taxes                            (60,078)              (9,055)             (69,133)

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

Net loss                                         $  (60,078)          $   (9,055)          $  (69,133)
                                                 ==========           ==========           ==========

Basic and diluted loss per Common share (1)
                                                 ==========           ==========
Weighted average number of common shares
 outstanding (Note 4)                             6,475,000            5,284,936
                                                 ==========           ==========
</TABLE>

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

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

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

                        STATEMENT OF STOCKHOLDERS' EQUITY

<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
                                   =========        =========      =========        =========       =========
</TABLE>


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

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

                             STATEMENT OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                                    Cumulative
                                                                                                  Amounts From
                                                                                Date of              Date of
                                                                            Incorporation on     Incorporation on
                                                                              May 11, 2006         May 11, 2006
                                                            Year ended             to                   to
                                                            December 31,       December 31,         December 31,
                                                               2007               2006                 2007
                                                             --------           --------             --------
<S>                                                          <C>                <C>                  <C>
OPERATING ACTIVITIES
  Net loss for the period                                    $(60,078)          $ (9,055)            $(69,133)
  Adjustments To Reconcile Net Loss To Net Cash
   Used By Operating Activities
     Amortization expense                                         807                 64                  871
  Changes in operating assets and liabilities:
     Accounts payable and accrued liabilities                   3,000                 --                3,000
                                                             --------           --------             --------
Net cash used in operating activities                         (56,271)            (8,991)             (65,262)
                                                             --------           --------             --------
INVESTING ACTIVITIES
  Website                                                        (138)            (2,300)              (2,438)
                                                             --------           --------             --------
Net cash used in investing activities                            (138)            (2,300)              (2,438)
                                                             --------           --------             --------
FINANCING ACTIVITIES
  Proceeds from issuance of common stock                           --            103,250              103,250
                                                             --------           --------             --------
Net cash provided by financing activities                          --            103,250              103,250
                                                             --------           --------             --------

(Decrease) increase in cash during the period                 (56,409)            91,959               35,550

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

Cash, end of the period                                      $ 35,550           $ 91,959             $ 35,550
                                                             ========           ========             ========

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.

                                      F-5
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS

                                December 31, 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 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.

                                      F-6
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS

                                December 31, 2007


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.

                                      F-7
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS

                                December 31, 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 for the period from inception to
December 31, 2007 of $69,133.  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.

                                      F-8
<PAGE>
                         MINHAS ENERGY CONSUTLANTS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS

                                December 31, 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 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.

                                      F-9
<PAGE>
                         MINHAS ENERGY CONSULTANTS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS

                                December 31, 2007


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           $871                $1,567

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.

                                      F-10