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

                                    FORM 10-Q

(Mark One)

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

                   For the quarterly period ended May 31, 2011

                                       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 333-133347

                              CREENERGY CORPORATION
                             -----------------------
             (Exact name of registrant as specified in its charter)


             Nevada                                        98-0479983
-----------------------------------               ------------------------------
 State or other jurisdiction of                         (I.R.S. Employer
 incorporation or organization                         Identification No.)


         57113, 2020 Sherwood Drive, Sherwood Park, AB, Canada, T8A 5L7
             -----------------------------------------------------
              (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (780) 668-7422

Indicate by check mark whether the registrant (1) filed all reports  required to
be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 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 [ ]

Indicate by check mark whether the registrant has submitted  electronically  and
posted on its corporate Web site, if any, every  Interactive  Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of
this chapter)  during the  preceding 12 months (or for such shorter  period that
the registrant was required to submit and post such files). Yes [ ]   No [ ]

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

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

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

<PAGE>

Number of shares  issued and  outstanding  of the  registrant's  class of common
stock as of July 13 2011: 96,000,000 shares of common stock

The Company recognized revenues of $nil during the quarter ended May 31, 2011.





























                                       2
<PAGE>


PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements (Unaudited)                                Page
                                                                         ----

         Interim Balance Sheets                                           F-6

         Interim Statements of Loss and Comprehensive Loss                F-7

         Interim Statements of Cash Flows                                 F-8

         Interim Statement of Changes in Stockholders' Deficiency         F-9

         Notes to Interim Financial Statements                      F-10 to F-14

Item 2.  Management's Discussion and Analysis or Plan of Operations       15

Item 3   Quantitative and Qualitative Disclosure about Market Risk        18

Item 4   Controls and Procedures                                          18


PART II - OTHER INFORMATION

Item 1   Legal Proceedings                                                18

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds      19

Item 3.  Defaults upon Senior Securities - Not Applicable                 19

Item 4.  Removed and Reserved                                             19

Item 5.  Other Information                                                19

Item 6.  Exhibits                                                         19

SIGNATURES                                                                20




                                       3
<PAGE>


                         PART I - FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS




                              CREENERGY CORPORATION

                          (A Development Stage Company)




                          INTERIM FINANCIAL STATEMENTS
                           (Expressed in U.S. Dollars)
                                   (Unaudited)
                                  MAY 31, 2011


Financial Statements
                                                                Page

   Interim Balance Sheets                                        F-6

   Interim Statements of Loss and Comprehensive Loss             F-7

   Interim Statements of Cash Flows                              F-8

   Interim Statement of Changes in Stockholders' Deficiency      F-9

   Notes to Interim Financial Statements                         F-10 to F-14


















                                       F-4
<PAGE>




                             CREENERGY CORPORATION
                         (A Development Stage Company)



                          Interim Financial Statements
                           (Express in U.S. Dollars)
                                  (Unaudited)
                                  May 31, 2011




















                                       F-5

<PAGE>

<TABLE>
<CAPTION>
                                      CREENERGY CORPORATION
                                  (A Development Stage Company)

                                     INTERIM BALANCE SHEETS



                                                                        May 31,            November 30,
                                                                          2011                 2010
                                                                      (Unaudited)            (Audited)
ASSETS
<S>                                                              <C>                 <C>

Current Assets
   Cash and cash equivalents                                      $         488      $         6,090
   Prepaid expenses                                                         109                  200
                                                                 -----------------------------------------

TOTAL ASSETS                                                      $         597      $         6,290
                                                                 =========================================


LIABILITIES AND STOCKHOLDERS' DEFICIENCY

LIABILITIES

Current Liabilities
    Accounts payable and accrued liabilities (Note 3)             $       6,675      $        13,133
   Note payable (Note 4)                                                 16,000               16,000
                                                                 -----------------------------------------

   Total Current Liabilities                                             22,675               29,133
                                                                 -----------------------------------------

STOCKHOLDERS' DEFICIENCY

Capital Stock (Note 6)
    Authorized:
        675,000,000 common shares, par value $0.001 per share
    Issued and outstanding:
         96,000,000 common shares                                        96,000               96,000
    Additional paid-in capital                                           25,000               13,000
    Accumulated other comprehensive income                                    -                  333
Accumulated deficit                                                    (105,837)            (105,837)
Accumulated deficit during Development Stage                            (37,241)             (26,339)
                                                                 -----------------------------------------

   Total Stockholders' Deficiency                                       (22,078)             (22,843)
                                                                 -----------------------------------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY                    $       597         $        6,290
                                                                 =========================================


                The accompanying notes are an integral part of these statements.

                                               F-6
</TABLE>


<PAGE>

<TABLE>
<CAPTION>

                                      CREENERGY CORPORATION
                                  (A Development Stage Company)

                        INTERIM STATEMENTS OF LOSS AND COMPREHENSIVE LOSS
                                           (Unaudited)
                                                                                                                Cumulative
                                                                                                               Amounts from
                                                                                                              re-entering of
                                     For the             For the            For the           For the           development
                                   three-month         three-month         six-month         six-month         stage on June
                                   period ended       period ended       period ended       period ended        26, 2010 to
                                   May 31, 2011       May 31, 2010       May 31, 2011       May 31, 2010       May 31, 2011

                                  --------------------------------------------------------------------------------------------
<S>                            <C>                 <C>                <C>               <C>                <C>

Expenses
   Office and administration   $             172   $            124   $            566  $             284  $            2,846
   Professional fees                       1,678              4,418             10,669              7,253              34,728
                                  --------------------------------------------------------------------------------------------

                                           1,850              4,542             11,235              7,537              37,574
                                  --------------------------------------------------------------------------------------------

Net Loss before Other Item               (1,850)            (4,542)           (11,235)            (7,537)            (37,574)
                                  --------------------------------------------------------------------------------------------

Other Item
   Foreign exchange gain                       -                  -                333                  -                 333

Net loss from Continuing
Operations                               (1,850)            (4,542)           (10,902)            (7,537)            (37,241)
                                  --------------------------------------------------------------------------------------------

Discontinued Operations
(Note 8)
   Net Profit from
   discontinued operations                     -              1,819                  -              4,070                   -
                                  --------------------------------------------------------------------------------------------

Net Loss For The Period                  (1,850)            (2,723)           (10,902)            (3,467)            (37,241)
                                  ============================================================================================

Other Comprehensive Loss
   Foreign currency
   translation adjustment                      -                  6              (333)                  7                   -
                                  --------------------------------------------------------------------------------------------

Comprehensive Loss For the
Period                         $         (1,850)   $        (2,717)   $       (11,235)  $         (3,460)  $         (37,241)
                                  ============================================================================================

Loss per share from
continuing operations -
Basic and diluted              $          (0.00)   $         (0.00)   $         (0.00)  $          (0.00)

Loss per share from
discontinued operations -
Basic and diluted              $          (0.00)   $         (0.00)   $         (0.00)  $          (0.00)
                                  ========================================================================

Weighted Average Number of
Shares Outstanding                    96,000,000        116,652,170         96,000,000        103,912,080
                                  ========================================================================

                The accompanying notes are an integral part of these statements.

                                               F-7
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                                      CREENERGY CORPORATION
                                  (A Development Stage Company)

                                INTERIM STATEMENTS OF CASH FLOWS
                                           (Unaudited)

                                                                                                                    Cumulative from
                                                  For the                         re-entering of
                                                 six-month          For the         development
                                               period ended        six-month       stage on June
                                                  May 31,        period ended       26, 2010 to
                                                   2011          May 31, 2010      May 31, 2011
<S>                                           <C>             <C>                 <C>

Cash Flows used in Operating Activities
     Net loss                                 $     (10,902)  $        (3,467)    $      (37,241)

Adjustments to Reconcile Net Loss to Net
Cash Used by Operating Activities:
     Depreciation and amortization                         -               476                  -
     Prepaid expenses                                     91           (1,750)              2,600
     Accounts payable and accrued
     liabilities                                     (6,458)           (9,571)              5,926
                                           -------------------------------------------------------

     Net Cash Used in Operating
     Activities                                     (17,269)          (14,312)           (28,715)
                                           =======================================================

Cash Flows From Financing Activities
    Increase in note payable                               -            16,000                  -
    Contribution by related party                     12,000                 -             25,000
                                           -------------------------------------------------------

    Net Cash Provided by Financing
    Activities                                        12,000            16,000             25,000
                                           =======================================================

Decrease in Cash during the Period                   (5,269)             1,688            (3,715)

Effect of Exchange Rate Changes on Cash                (333)                 7              (333)

Cash, Beginning of Period                              6,090             2,841              4,536
                                           -------------------------------------------------------

Cash, End of Period                                      488  $          4,536    $           488
                                           =======================================================


Supplemental Disclosure of Cash Flow
     Cash paid for:
         Interest                               $          -  $              -    $             -
         Income taxes                           $          -  $              -    $             -


                The accompanying notes are an integral part of these statements.

                                               F-8
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                                      CREENERGY CORPORATION
                                  (A Development Stage Company)

                          INTERIM STATEMENT OF STOCKHOLDERS' DEFICIENCY

                   For the Period from November 30, 2008 through May 31, 2011
                                           (Unaudited)

                                     CAPITAL STOCK                                    ACCUMULATED
                   -------------------------------------------------
                                                    ADDITIONAL                       DEFICIT DURING      ACCUMULATED
                                                      PAID-IN        ACCUMULATED      DEVELOPMENT       COMPREHENSIVE
                        SHARES       AMOUNT           CAPITAL          DEFICIT           STAGE          INCOME (LOSS)         TOTAL
                   -----------------------------------------------------------------------------------------------------------------
<S>                <C>             <C>           <C>             <C>               <C>              <C>                <C>

Balance,
November 30,
2008                  96,000,000    $  96,000    $          -    $     (98,397)    $         -       $    (129)         $   (2,526)
                   -----------------------------------------------------------------------------------------------------------------

Foreign
currency
translation
adjustment                     -            -               -                -               -             441                 441
Net loss for
the year ended                 -            -               -           (6,389)              -               -              (6,389)
                   -----------------------------------------------------------------------------------------------------------------
Balance,
November 30,
2009                  96,000,000       96,000               -         (104,786)              -             312              (8,474)
                   -----------------------------------------------------------------------------------------------------------------

Common shares
issued - cash
($0.004 per share)
(Note 6)             120,000,000      120,000               -         (104,000)              -               -              16,000
Foreign currency
translation
adjustment                     -            -               -                -               -               7                   7
Net loss for
the period                     -            -               -                -          (3,467)              -              (3,467)
                   -----------------------------------------------------------------------------------------------------------------
Balance, May 31,
2010                 216,000,000      216,000               -         (208,786)         (3,467)            319               4,066
                   -----------------------------------------------------------------------------------------------------------------

Common shares
cancelled           (120,000,000)     (120,000)                        104,000                                             (16,000)
Contribution by
related party
(Note 5)                       -            -          13,000                -               -               -              13,000
Foreign currency
translation
adjustment                     -            -               -                -               -              14                  14
Net loss for
the year                       -            -               -           (1,051)        (22,872)              -             (23,923)
                   -----------------------------------------------------------------------------------------------------------------
Balance, November
30, 2010              96,000,000       96,000          13,000         (105,837)        (26,339)            333             (22,843)
                   -----------------------------------------------------------------------------------------------------------------

Foreign currency
translation
adjustment                     -            -               -                -               -            (333)               (333)
Contribution by
related party
(Note 5)                       -            -          12,000                -               -               -              12,000
Net loss for
the period                     -            -               -                -         (10,902)              -             (10,902)
                   -----------------------------------------------------------------------------------------------------------------
Balance, May 31,
2011                  96,000,000    $  96,000    $     25,000    $    (105,837)    $   (37,241)      $       -          $  (22,078)
                   =================================================================================================================

                The accompanying notes are an integral part of these statements.

                                               F-9
</TABLE>

<PAGE>


                              CREENERGY CORPORATION
                          (A Development stage Company)
                      NOTES TO INTERIM FINANCIAL STATEMENTS
                                  May 31, 2011
                                   (Unaudited)


      1. NATURE AND CONTINUANCE OF OPERATIONS

a)        Organization

          CREENERGY   Corporation   (formerly  Online   Originals,   Inc.)  (the
          "Company") was  incorporated in the State of Nevada,  United States of
          America,  on November 18, 2005. On July 29, 2010,  the Company's  name
          was changed from Online Originals, Inc. to CREENERGY Corporation.  The
          Company's yearend is November 30.

b)        Nature of Operations and Change in Business

          Since the date of  inception  on  November  18,  2005,  the  Company's
          business   plan  was  to  develop  a   membership-based   website  art
          gallery/auction  house specifically  focused on displaying and selling
          original artwork.

          The Company changed its status from a development  stage company to an
          operating company on November 30, 2009.  Management  realized that the
          results  of  operations  from the sale of  artwork  lacks  luster  and
          decided  to change  the  Company's  business  focus and plan for other
          strategic  opportunities  and  discontinued  the sale of artwork  with
          effect from June 25,  2010.  Accordingly,  the  Company has  disclosed
          these  activities  as  discontinued  operations  in  the  accompanying
          interim  financial  statements.  Effective  June 26, 2010, the Company
          became  a  development   stage   company   focusing  on  new  business
          development in the form of obtaining  leases for the  exploration  and
          production of oil and gas in areas of northern Alberta, Canada.

c)        Unaudited Statements

          While the information  presented in the accompanying interim financial
          statements is unaudited, it includes all adjustments which are, in the
          opinion  of  management,  necessary  to present  fairly the  financial
          position, results of operations and cash flows for the interim periods
          presented.   Except  as  disclosed  below,   these  interim  financial
          statements  follow the same  accounting  policies and methods of their
          application  as  the  Company's   audited  November  30,  2010  annual
          financial  statements.  It is suggested  that these interim  financial
          statements be read in conjunction with the Company's audited financial
          statements  for the year ended  November  30,  2010,  included  in the
          annual  report  previously  filed  with the  Securities  and  Exchange
          Commission  on Form 10-K.  The results of  operations  for the interim
          periods presented are not necessarily  indicative of the results to be
          expected for the full year.

          The  information  as of  November  30,  2010 is taken from the audited
          financial statements as of that date.

d)        Basis of Presentation

          The accompanying  interim  financial  statements have been prepared in
          conformity with generally accepted accounting principles in the United
          States of America,  which contemplates the continuation of the Company
          as a going concern.  However, the Company has negative working capital
          and stockholders' deficiency at May 31, 2011 and has losses to date of
          approximately  $143,000.  These matters raise  substantial doubt about
          its ability to continue as a going concern.  In view of these matters,
          realization of certain of the assets in the accompanying balance sheet
          is  dependent  upon its  ability to meet its  financing  requirements,
          raise additional  capital,  and the success of its future  operations.
          There is no  assurance  that  future  capital  raising  plans  will be
          successful  in  obtaining  sufficient  funds to  assure  its  eventual
          profitability.  Management  is  actively  seeking to add new  products
          and/or services in order to show  profitability.  In addition,  one of
          the members of the board of directors  has agreed to loan funds to the
          Company if needed. To date, due to the continued economic  conditions,
          they have not yet been able to find  products and services  that would
          contribute  to their  business.  We believe that  actions  planned and
          presently   being  taken  to  revise  its   operating   and  financial

                                      F-10
<PAGE>

                              CREENERGY CORPORATION
                          (A Development stage Company)
                      NOTES TO INTERIM FINANCIAL STATEMENTS
                                  May 31, 2011
                                   (Unaudited)

          requirements  will provide the opportunity for the Company to continue
          as a going concern.  The interim  financial  statements do not include
          any adjustments that might result from these uncertainties.


2.        RECENT ACCOUNTING PRONOUNCEMENTS

          In June 2011, the Financial Accounting Standards Board ("FASB") issued
          Accounting   Standards  Update  ("ASU")   2011-05,   "Presentation  of
          Comprehensive  Income". This update presents an entity with the option
          to present the total of  comprehensive  income,  the components of net
          income, and the components of other  comprehensive  income either in a
          single continuous statement of comprehensive income or in two separate
          but consecutive statements.  In both choices, an entity is required to
          present each component of net income along with total net income, each
          component of other  comprehensive  income along with a total for other
          comprehensive  income,  and a total amount for  comprehensive  income.
          This update  eliminates  the option to present the components of other
          comprehensive   income  as  part  of  the   statement  of  changes  in
          stockholders'  equity. The amendments in this update do not change the
          items that must be reported in other  comprehensive  income or when an
          item of other comprehensive income must be reclassified to net income.
          As ASU  2011-05  relates  only to the  presentation  of  Comprehensive
          Income,  the Company  does not expect that the adoption of this update
          will have a material effect on its financial statements.

          In January 2010,  the Financial  Accounting  Standards  Board ("FASB")
          issued  Accounting   Standards  Update  ("ASU")  2010-06,   "Improving
          Disclosures  about  Fair Value  Measurements".  This  update  requires
          additional  disclosure  within the roll forward of activity for assets
          and liabilities measured at fair value on a recurring basis, including
          transfers of assets and liabilities between Level 1 and Level 2 of the
          fair value  hierarchy  and the  separate  presentation  of  purchases,
          sales,  issuances and  settlements  of assets and  liabilities  within
          Level 3 of the fair value hierarchy.  In addition, the update requires
          enhanced  disclosures  of the valuation  techniques and inputs used in
          the fair value measurements  within Levels 2 and 3. The new disclosure
          requirements  are effective for interim and annual  periods  beginning
          after 15 December 2009, except for the disclosure of purchases, sales,
          issuances and settlements of Level 3 measurements.  Those  disclosures
          are effective for fiscal years  beginning  after 15 December  2010. As
          ASU 2010-06 only requires enhanced  disclosures,  the Company does not
          expect that the adoption of this update will have a material effect on
          its financial statements.

3.        ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

          Accounts  payable and accrued  liabilities are  non-interest  bearing,
          unsecured and have settlement dates within one year.

4.        NOTE PAYABLE

          As of May 31,  2011,  the  Company  had  $16,000  note  payable  to an
          unrelated  party for expenses paid on behalf of the Company.  The note
          payable is unsecured,  non-interest bearing, and has no fixed terms of
          repayment.

5.        RELATED PARTY TRANSACTIONS

          During the three  month  period  ended May 31,  2011,  a director  and
          shareholder  of the Company  made cash  contribution  in the amount of
          $12,000 (May 31, 2010 - $Nil, Cumulative - $25,000).




                                      F-11
<PAGE>

                              CREENERGY CORPORATION
                          (A Development stage Company)
                      NOTES TO INTERIM FINANCIAL STATEMENTS
                                  May 31, 2011
                                   (Unaudited)


6.        CAPITAL STOCK

          Authorized

          The Company's  authorized common stock consists of 675,000,000  shares
          of common  stock with a par value of $0.001  per share.  On August 10,
          2010,  the Company  increased the number of  authorized  share capital
          from 75,000,000 shares of common stock to 675,000,000 shares of common
          stock with the same par value of $0.001 per share.

          Issued and outstanding

          On June 2, 2010,  and effective  August 10, 2010, the directors of the
          Company approved a forward split of the common stock of the Company on
          a basis of 30 new common shares for 1 old common share. As a result of
          the forward stock split,  208,800,000  additional  shares were issued.
          Capital and additional paid-in capital have been adjusted accordingly.
          When  adjusted  retroactively,  there  was  an  $119,501  shortage  of
          additional paid-in capital;  thus an adjustment to accumulated deficit
          of  $104,000  was  recorded  on May 21,  2010 (the date of issuance of
          120,000,000 shares) and $15,501 to the beginning balance.  The interim
          financial  statements  contained herein reflect the appropriate values
          for capital stock and accumulated deficit. Unless otherwise noted, all
          references in the  accompanying  interim  financial  statements to the
          number of common shares and per share amounts have been  retroactively
          restated to reflect the forward stock split.

          The total issued and  outstanding  capital stock is 96,000,000  common
          shares  with a par value of $0.001 per  common  share.  The  Company's
          common stock issuances to date are as follows:

          i)   On November 18, 2005,  54,000,000  shares of the Company's common
               stock were issued to a former director and officer of the Company
               for cash proceeds of $18,000.

          ii)  On November 28, 2005,  21,000,000  shares of the Company's common
               stock were issued to a former director and officer of the company
               for cash proceeds of $7,000.

          iii) On July 21,  2006,  the Company  completed a public  offering and
               issued  21,000,000  shares of the Company's common stock for cash
               totalling $70,000. The Company incurred offering costs of $14,501
               related to this offering, resulting in net proceeds of $55,499.

          iv)  On May 21, 2010,  120,000,000 shares of the Company's  restricted
               common stock, valued at $16,000, were issued to a former director
               and officer of the Company.  On October 29, 2010, the 120,000,000
               restricted  common shares of the Company  previously  issued to a
               former  director  and  officer of the  Company  were  returned to
               treasury  for no  consideration.  The shares were  cancelled on 2
               November 2010.


7.        INCOME TAXES

          The Company has losses  carry  forward for income tax  purposes to May
          31, 2011. There are no current or deferred tax expenses for the period
          ended May 31, 2011 due to the Company's loss position. The Company has
          fully  reserved  for any  benefits of these  losses.  The deferred tax
          consequences of temporary differences in reporting items for financial
          statement  and income tax purposes  are  recognized,  as  appropriate.
          Realization  of the future tax  benefits  related to the  deferred tax
          assets is dependent on many factors,  including the Company's  ability
          to generate taxable income within the net operating loss  carryforward
          period.  Management  has  considered  these  factors in  reaching  its
          conclusion  as to the  valuation  allowance  for  financial  reporting
          purposes.


                                      F-12
<PAGE>

                              CREENERGY CORPORATION
                          (A Development stage Company)
                      NOTES TO INTERIM FINANCIAL STATEMENTS
                                  May 31, 2011
                                   (Unaudited)

         The  provision  for  refundable  federal  income  tax  consists  of the
following:

<TABLE>
<CAPTION>

                                                        For the six-month period ended
                                                  -------------------------------------------
                                                     May 31, 2011            May 31, 2010
                                                  -------------------------------------------
<S>                                            <C>                      <C>

   Deferred tax asset attributable to
   Current operations                          $            3,816        $       1,213
   Less: Change in valuation allowance                     (3,816)              (1,213)
                                                  -------------------------------------------

   Net refundable amount                       $               -         $          -
                                                  -------------------------------------------
</TABLE>

   The composition of the Company's  deferred tax asset as at May 31, 2011
   and November 30, 2010 are as follows:

                                               May 31,         November 30,
                                                2011              2010
                                             (Unaudited)       (Audited)
                                           -----------------------------------

   Net operation loss carry-forward    $        127,577             116,675
   Statutory federal income tax rate                35%                 35%
   Deferred tax assets                           44,652              40,836
   Less: Valuation allowance                   (44,652)            (40,836)
                                           -----------------------------------

   Net Deferred Tax Assets              $             -      $            -
                                           -----------------------------------

          The potential  income tax benefit of these losses has been offset by a
          full valuation allowance.

          As at May 31, 2011, the Company has an unused net operating loss carry
          forward balance of approximately  $127,577 that is available to offset
          future  taxable  income.  This unused net operation loss carry forward
          balance for income tax purposes expires as follows:

                                                                  $

         2025                                                 2,680
         2026                                                14,178
         2027                                                37,588
         2028                                                28,450
         2029                                                 6,389
         2030                                                27,390
         2031                                                10,902
                                              ----------------------

                                                            127,577
                                              ----------------------

8.        DISCONTINUED OPERATIONS AND NEW DEVELOPMENTS

          The  Company's  attempts  over the past years to build a business that
          provides a website  where members and customers are able to bid on and
          purchase pieces of art had not come to fruition so management  decided
          to  change  the  business  focus  and  look for  other  opportunities.
          Therefore,  management  decided to discontinue  selling art pieces and
          reflect such  discontinuance in its operating  statement and cash flow
          statements effective June 25, 2010.

                                      F-13
<PAGE>

                              CREENERGY CORPORATION
                          (A Development stage Company)
                      NOTES TO INTERIM FINANCIAL STATEMENTS
                                  May 31, 2011
                                   (Unaudited)

          Management  decided on that date to focus on new business  development
          in the form of obtaining  leases for the exploration and production of
          oil and gas in First Nation areas of northern Alberta, Canada.

          During  the six  month  period  ended  May 31,  2011 and the six month
          period ended May 31, 2010, the Company had $Nil and $6,042 in revenue,
          respectively, related to its discontinued operations.
<TABLE>
<CAPTION>

                                                        For the six month          For the six month
                                                           period ended              Period ended
                                                           May 31, 2011              May 31, 2010
<S>                                                  <C>                       <C>

         Revenue                                     $                  -      $               6,042
                                                     -------------------------------------------------

         Expenses
            Depreciation and amortization                               -                        477
            Office and administration                                   -                      1,495
                                                     -------------------------------------------------

                                                                        -                      1,972
                                                     -------------------------------------------------

         Net Profit from Discontinued Operations     $                  -      $               4,070
                                                     =================================================
</TABLE>


9.        CONTINGENCY

          On November 22,  2010,  the Company was served with a claim filed by a
          former director and officer of the Company. The claim alleges that the
          former director and officer of the Company suffered losses and damages
          as a result  of the  failure  of the  Company  in  providing  him with
          corporate  documents  and  implementing  a  change  of  the  board  of
          directors.  The  Company  has  retained  legal  counsel to address the
          claim.  On December 8, 2010,  the Company filed a Statement of Defense
          requesting that the claim be dismissed.  In the opinion of management,
          this claim is without  merit and the  Company  intends to defend  this
          claim  vigorously.  As a loss is not deemed probable,  and as such, no
          accruals have been made as of May 31, 2011.


10.       COMPARATIVE FIGURES

          Certain  comparative  figures  have been  adjusted  to  conform to the
          current period's presentation.


11.       SUBSEQUENT EVENT

          There are no  reportable  events  during the period from the six month
          period ended May 31, 2011 to the date the interim financial statements
          are available to be issued on July 7, 2011.


                                      F-14

<PAGE>


Item 2.           MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

The  following  discussion  should  be read in  conjunction  with our  unaudited
financial  statements and notes thereto included herein. In connection with, and
because we desire to take  advantage  of, the "safe  harbor"  provisions  of the
Private  Securities  Litigation Reform Act of 1995, we caution readers regarding
certain forward looking statements in the following  discussion and elsewhere in
this report and in any other statement made by, or on our behalf, whether or not
in future filings with the Securities and Exchange  Commission.  Forward-looking
statements are statements not based on historical  information  and which relate
to future  operations,  strategies,  financial results,  or other  developments.
Forward-looking  statements are necessarily based upon estimates and assumptions
that are inherently subject to significant business,  economic, and competitive,
uncertainties and  contingencies,  many of which are beyond our control and many
of which,  with  respect to future  business  decisions,  are subject to change.
These  uncertainties and contingencies can affect actual results and could cause
actual results to differ materially from those expressed in any  forward-looking
statements  made by or on our  behalf.  We  disclaim  any  obligation  to update
forward-looking statements.

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 Quarterly  Report on Form 10-Q, our Schedule
14C Information  Statement filed July 7, 2010, our Quarterly Report on Form 10-Q
filed on July 19,  2010,  our  Quarterly  Report on Form 10-Q filed on April 14,
2011, and our Annual Report on Form 10-K filed on March 11, 2011.

The independent  registered  public  accounting  firms' reports on the Company's
financial  statements as of November 30, 2010,  and for each of the years in the
two-year period then ended; include a "going concern" explanatory paragraph that
describes  substantial  doubt about the Company's ability to continue as a going
concern.  Management's  plans in regard to the factors prompting the explanatory
paragraph  are  discussed  below and also in Note 1 to the  unaudited  quarterly
financial statements.

Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations

DISCONTINUED OPERATIONS AND NEW DEVELOPMENTS

Since inception,  the Company's  business plan was to develop a membership based
website art gallery/auction house specifically focused on displaying and selling
original  artwork.  The  Company  changed its status  from a  development  stage
company to an operating company on November 30, 2009.  Management  realized that
the results of operations from the sale of artwork was  lack-luster,  and it was
decided  to change the  Company's  business  focus and plan for other  strategic
opportunities  and  discontinued  the sale of artwork to be  effective  June 25,
2010.  Effective June 26, 2010,  the Company  started to focus on a new business
development. On July 29, 2010, the Company's name changed from Online Originals,
Inc. to Creenergy Corporation. The name change was intended to convey a sense of
the  Company's  new business  focus as it looks to pursue  other  opportunities.
Specifically,  the  Company  intends to obtain  leases for the  exploration  and
production of oil and gas in northern Canada and the United States.  At the date
of this  Quarterly  Report,  the Company has not  identified  any  prospects  or
entered into any leases or agreements.

Creenergy Corporation is a development stage oil and gas company that is engaged
in the development and exploration for natural resources.  The Company is active
in Canada and the United  States and is seeking to acquire  properties  that are
prospective  for  petroleum  and  natural  gas  and  related  hydrocarbons.  The
prospects the Company intends to target are those  properties that are generally
under leases and include partial and full working interests. It is intended that
in all of the core  properties,  Creenergy  will be the  operator  and  majority
interest  owner.  It is  understood  that,  the prospects are subject to varying
royalties due to the state, province,  territory, or federal governments and, in
some instances, to other royalty owners in the prospect.

Principal Products and Services
-------------------------------

Currently,  we have not acquired any leases or working interests. We do not have
any production.

                                       15
<PAGE>

Markets.
-------

The  availability  of a ready market for oil and gas  discovered,  if any,  will
depend on numerous factors beyond the Company's control, including the proximity
and capacity of refineries,  pipelines,  and the effect of provincial regulation
of production and of regulations  of products sold in interstate  commerce,  and
recent intrastate sales. The market price of oil and gas are volatile and beyond
the Company's  control.  The market for natural gas is also  unsettled,  and gas
prices  have  increased  dramatically  in the past four years  with  substantial
fluctuation, seasonally and annually.

There  generally are only a limited  number of gas  transmission  companies with
existing  pipelines  in the  vicinity of a gas well or wells.  In the event that
producing gas properties are not subject to purchase  contracts or that any such
contracts  terminate  and  other  parties  do not  purchase  the  Company's  gas
production,  there is no  assurance  that  Creenergy  will be able to enter into
purchase  contracts  with any  transmission  companies  or other  purchasers  of
natural  gas and there  can be no  assurance  regarding  the  price  which  such
purchasers  would be  willing  to pay for such gas.  There  presently  exists an
oversupply  of gas in the  certain  areas  of the  marketplace  due to  pipeline
capacity,  the extent and duration of which is not known.  Such  oversupply  may
result in restrictions of purchases by principal gas pipeline purchasers.

Effect of Changing Industry Conditions on Drilling Activity.
-----------------------------------------------------------

Lower oil and gas prices have caused a decline in drilling  activity in the U.S.
from time to time. However, such reduced activity has also resulted in a decline
in  drilling  costs,  lease  acquisition  costs  and  equipment  costs,  and  an
improvement in the terms under which drilling prospects are generally available.
Creenergy  cannot predict what oil and gas prices will be in the future and what
effect those prices may have on drilling activity in general,  or on its ability
to generate  economic  drilling  prospects and to raise the necessary funds with
which to drill them.

Material Changes in Financial Condition

At May 31,  2011,  our cash  balance  was $488.  In  addition,  we have  prepaid
expenses of $109. Cash on hand is currently 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.

At May 31,  2011,  we had a working  capital  deficit of $22,078  compared  to a
working  capital  deficit of $22,843 at November 30, 2010. At May 31, 2011,  our
total  assets  consisted  of cash of $488 and  prepaid  expenses  of $109.  This
compares  with total  assets at November 30,  2010,  which  consisted of cash of
$6,090, and prepaid expenses of $200.

At May 31, 2011, our total current liabilities decreased to $22,675 from $29,133
at November  30, 2010.  During the three  months  ended May 31,  2011,  accounts
payable and accrued liabilities decreased by $11,792.

We believe our existing cash balances will not be sufficient to carry our normal
operations over the next three (3) months.  Our short and long-term  survival is
dependent on sales of securities  as necessary or from  shareholder  loans,  and
thus, to the extent that we require  additional  funds to support our operations
or the  expansion of our  business,  we will attempt to sell  additional  equity
shares or issue debt. Any sale of additional  equity  securities  will result in
dilution to our stockholders. Continuing events in worldwide capital markets may
make it more difficult for us to raise additional  equity or capital.  There can
be no assurance that additional financing,  if required, will be available to us
or on acceptable terms.

Result of Operations

For The Three Months  Ended May 31, 2011  Compared To The Three Months Ended May
31, 2010.

We recognized nil revenues from operational sales during the three months ending
May 31, 2011.

During the three  months  ended May 31,  2011,  operating  expenses  were $1,850
compared to $4,542 for the three  months  ended May 31,  2010.  The  decrease of
$2,692 was due to decrease in our operational  activities over the prior period.
Operating  expenses  during the three months  ended May 31,  2011,  consisted of
professional fees of $1,678 and office and administration costs of $172 compared

                                       16
<PAGE>

to  professional  fees of $4,418  and  office  and  administration  fees of $124
incurred for the three months ended May 31, 2010.

We  recognized  a net loss of $1,850 for the three  months  ended May 31,  2011,
compared to a net loss of $2,723 for the three months ended May 31, 2010.

For The Six Months  Ended May 31, 2011  Compared To The Six Months Ended May 31,
2010.

We recognized nil revenues from  operational  sales during the six months ending
May 31, 2011. We do not show any cumulative  revenue  amounts since  re-entering
the development stage on June 26, 2010.

During  the six months  ended May 31,  2011,  operating  expenses  were  $10,902
compared to $7,537 for the six months ended May 31, 2010. The increase of $3,365
was due to  increase  in our  operational  activities  over  the  prior  period.
Operating  expenses  during  the six months  ended May 31,  2011,  consisted  of
professional  fees of  $10,669  and  office  and  administration  costs  of $566
compared to professional  fees of $7,253 and office and  administration  fees of
$284 incurred for the six months ended May 31, 2010.

We  recognized  a net loss of  $10,902  for the six months  ended May 31,  2011,
compared  to a net loss of $3,467 for the six  months  ended May 31,  2010.  The
cumulative loss of $37,241 is for the period June 26, 2010, to May 31, 2011.

Off-Balance Sheet Arrangements

We currently do not have any off-balance sheet arrangements.

Critical Accounting Policies and Estimates

The  preparation  of the  Company's  financial  statements  in  conformity  with
generally  accepted   accounting   principles  in  the  United  States  requires
management to make assumptions and estimates that affect the reported amounts of
assets,  liabilities,  revenues  and  expenses  as  well  as the  disclosure  of
contingent  assets and  liabilities at the date of the financial  statements and
the reported amounts of revenues and expenses during the reporting  period.  The
following  is a summary  of the  significant  accounting  policies  and  related
estimates that affect the Company's financial disclosures.

         Revenue Recognition

         Revenues are  recognized  when  persuasive  evidence of an  arrangement
         exists,  delivery  has occurred  (or service has been  performed),  the
         sales price is fixed and determinable and  collectability is reasonably
         assured.  Revenue  recognition from consignment  inventory  consists of
         commission income.

         Foreign Currency Translations

         The  functional  currency  is the  Canadian  dollar  and the  reporting
         currency is the U.S.  dollar.  At each balance  sheet date,  assets and
         liabilities  that are denominated in a currency other than U.S. dollars
         are adjusted to reflect the current  exchange  rate which may give rise
         to  a  foreign  currency  translation  adjustment  accounted  for  as a
         separate  component  of  shareholders'  equity  and  included  in other
         comprehensive loss.

         Revenues and expenses are  translated at the average daily rate for the
         year covering the financial  statement year to approximate  the rate of
         exchange  on the  transaction  date.  Exchange  gains  and  losses  are
         included in the determination of net income (loss) for the period.




                                       17
<PAGE>

ITEM 3.  QUANTATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

As a "smaller  reporting  company" as defined by Item 10 of Regulation  S-K, the
Company is not required to provide information required by this Item.


ITEM 4.  CONTROLS AND PROCEDURES

As of the end of the period covered by this report,  we conducted an evaluation,
under the supervision and with the  participation of our Chief Executive Officer
and Chief  Financial  Officer,  of our  disclosure  controls and  procedures (as
defined in Rules  13a-15(e)  and  15d-15(e)  under the 1934 Act).  Based on this
evaluation,  the Chief Executive  Officer and Chief Financial  Officer concluded
that our  disclosure  controls  and  procedures  are  effective  to ensure  that
information  required to be  disclosed  by us in reports  that we file or submit
under the 1934 Act is recorded,  processed,  summarized and reported  within the
time periods  specified in the  Securities  and  Exchange  Commission  rules and
forms.

Our management is responsible for establishing and maintaining adequate internal
control over financial  reporting for the company in accordance  with as defined
in Rules  13a-15(f) and 15d-15(f)  under the Exchange Act. Our internal  control
over financial  reporting is designed to provide reasonable  assurance regarding
the  reliability  of  financial  reporting  and  the  preparation  of  financial
statements  for  external   purposes  in  accordance  with  generally   accepted
accounting principles.

Management's  assessment of the  effectiveness  of the small  business  issuer's
internal  control over  financial  reporting is as of the quarter  ended May 31,
2011.  We believe that our internal  control over  financial  reporting  was not
effective due to material weaknesses in the system of internal control.

Specifically, management identified the following control deficiency:

             The Company has installed accounting software that does not prevent
             erroneous or unauthorized changes to previous reporting periods and
             does not  provide an adequate  audit  trail of entries  made in the
             accounting software.

Because of its inherent  limitations,  internal control over financial reporting
may not prevent or detect misstatements.  Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate  because of changes in  conditions,  or that the degree of compliance
with the policies or procedures may deteriorate.

There  was no change in our  internal  control  over  financial  reporting  that
occurred  during the fiscal  quarter  ended May 31,  2011,  that has  materially
affected,  or is reasonably  likely to materially  affect,  our internal control
over financial reporting.


                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

On  November  22,  2010,  the  Company was served with a claim filed by a former
director  and officer of the Company.  The claim,  filed in the court of Queen's
Bench of Alberta,  Canada,  alleges that the former  director and officer of the
Company suffered losses and damages as a result of the failure of the Company in
providing him with corporate documents and implementing a change of the board of
directors.  The  Company has  retained  legal  counsel to address the claim.  On
December 8, 2010, the Company filed a Statement of Defense  requesting  that the
claim be dismissed. The Company intends to defend this claim vigorously.

                                       18
<PAGE>

Other then the above preceding,  the Company is not a party to any other pending
legal  proceedings,  nor  is  the  Company  aware  of any  civil  proceeding  or
government  authority  contemplating any legal proceeding as of the date of this
filing.


Item 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

Item 3.  DEFAULTS UPON SENIOR SECURITIES

None.

Item 4.  REMOVED AND RESERVED.


Item 5.  Other Information

None.

Item 6.           Exhibits

(a) Pursuant to Item 601 of Regulation S-K, the following  exhibits are included
herein.

     Exhibit
     Number          Description

     31.1         Section 302 Certification - Chief Executive Officer and 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 and Chief Financial Officer.


                                       19
<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 13 day of July,
2011.


                              CREENERGY CORPORATION




Date: July 13, 2011                 By: /s/ Shari Sookarookoff
                                        ----------------------

                                    Name: Shari Sookarookoff
                                    Title: President/Chief Executive Officer and
                                           Chief Financial (Accounting) Officer

















                                       20