---

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, 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 November 30, 2008

or

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

For the transition period
from                 
to

Commission File Number: 000-52218

STRIKER ENERGY CORP.(Exact name of registrant as specified in its charter)

|Nevada                                                               | 20-2590810                          
|-------------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation or
      organization) | (I.R.S. Employer Identification No.)

901  360 Bay Street, Toronto, ON, Canada M5H 2V6(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (416)
489-0093

N/AFormer Name, Address and Fiscal Year, if
Changed Since Last Report

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.Yes
[X]     No [   ]

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

Large accelerated filer [   ]
    
    Accelerated
      filer                   [  
      ]Non-accelerated filer   [   ]
    (Do not check if a smaller
      reporting company)
    Smaller reporting company [X]


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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all
documents and reports required to be filed by Sections 12, 13 or 15(d) of
the Securities Exchange Act of 1934 subsequent to the distribution of securities
under a plan confirmed by a court. Yes [   ]    No
[   ]

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practicable date:
20,506,000 shares of common stock issued and outstanding as of January 9,
2009.

---

ii

TABLE OF CONTENTS

|PART
      I - FINANCIAL INFORMATION                                      | 3 
|------------------------------------------------------------------------- | --
|ITEM
      1. FINANCIAL STATEMENTS                                        | 3 
|Forward-Looking
      Statements                                          | 2 
|Corporate
      Overview                                                  | 3 
|Anticipated
      Cash Requirements                                       | 4 
|Plan
      of Operation/Projected Milestones                              | 4 
|Going
      Concern                                                       | 4 
|Liquidity
      and Capital Resources                                     | 5 
|Off-Balance
      Sheet Arrangements                                      | 6 
|ITEM
      3. QUANTITATIVE AND QUALITATIVE DISCLOSURES OF MARKET RISK     | 6 
|ITEM
      4. CONTROLS AND PROCEDURES                                     | 7 
|PART
      II - OTHER INFORMATION                                         | 7 
|ITEM
      1. LEGAL PROCEEDINGS                                           | 7 
|ITEM
      1A. RISK FACTORS                                               | 7 
|Risks
      Related to our Company                                        | 7 
|Risks
      Relating To Our Business and the Oil and Gas Industry         | 9 
|Risks
      Relating to Our Common Stock                                  | 11
|ITEM
      2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS | 13
|ITEM
      3. DEFAULTS UPON SENIOR SECURITIES                             | 13
|ITEM
      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.        | 13
|ITEM
      5. OTHER INFORMATION                                           | 13
|ITEM
      6. EXHIBITS                                                    | 13
|SIGNATURES                                                                | 14

---

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS









Striker Energy Corp.(An Exploration Stage Company)

Financial Statements (Expressed in U.S. Dollars)
(Unaudited) 30 November 2008

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Balance Sheets                
|(Expressed in U.S. Dollars)   
|(Unaudited)                   

|                                                                     |          |   | As at 29  |  
|-------------------------------------------------------------------- | -------- | - | --------- | -
|                                                                     | As at 30 |   | February  |  
|                                                                     | November |   | 2008      |  
|                                                                     | 2008     |   | (Audited) |  
|                                                                     | $        |   | $         |  
|                                                                     |          |   |           |  
|Assets                                                               |          |   |           |  
|                                                                     |          |   |           |  
|Current                                                              |          |   |           |  
|Cash and cash equivalents                                            | 14,294   |   | 252       |  
|                                                                     |          |   |           |  
|Liabilities                                                          |          |   |           |  
|                                                                     |          |   |           |  
|Current                                                              |          |   |           |  
|Accounts payable and accrued liabilities (Note 4)                    | 4,462    |   | 22,436    |  
|Due to related parties (Note 5)                                      | 1,128    |   | 33,924    |  
|                                                                     |          |   |           |  
|                                                                     | 5,590    |   | 56,360    |  
|                                                                     |          |   |           |  
|Stockholders deficiency                                             |          |   |           |  
|Capital stock(Note 7)                                                |          |   |           |  
|Authorized                                                           |          |   |           |  
|150,000,000 common shares, par value $0.0001                         |          |   |           |  
|Issued and outstanding                                               |          |   |           |  
|30 November 2008  20,506,000 common shares,
      par value $0.0001 | 2,506    |   | 2,006     |  
|29 February 2008  20,006,000 common shares,
      par value $0.0001 |          |   |           |  
|Additional paid-in capital                                           | 178,674  |   | 79,424    |  
|Deficit, accumulated during the exploration stage                    | (172,476 | ) | (137,538  | )
|                                                                     |          |   |           |  
|                                                                     | 8,704    |   | (56,108   | )
|                                                                     |          |   |           |  
|                                                                     | 14,294   |   | 252       |  

Nature and Continuance of Operations(Note 1)

On behalf of the Board:

|Joseph
      Carusone | Director
|----------------------- | --------

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

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Statements of Operations      
|(Expressed in U.S. Dollars)   
|(Unaudited)                   

For theperiod fromthe date ofinception on
    
    For the three
    
    For the three
    
    For the nine
    
    For the nine18 March
    
    month period
    
    month period
    
    month period
    
    month period2005 to 30
    
    ended 30
    
    ended 30
    
    ended 30
    
    ended 30November
    
    November
    
    November
    
    November
    
    November2008
    
    2008
    
    2007
    
    2008
    
    2007$
    
    $
    
    $
    
    $
    
    $ExpensesBank charges and interest
    827
    
    126
    
    75
    
    160
    
    175Consulting fees
    10,176
    
    -
    
    -
    
    -
    
    -Filing fees
    6,518
    
    1,668
    
    350
    
    2,668
    
    1,750Investor relations
    730
    
    730
    
    -
    
    730
    
    119Legal and accounting fees
    78,040
    
    11,890
    
    5,963
    
    21,423
    
    16,628Licenses and permits
    8,068
    
    638
    
    -
    
    763
    
    2,650Management fees (Notes6, 7 and 9)
    30,000
    
    3,000
    
    3,000
    
    9,000
    
    9,000Mineral propertyexpenditures
    15,124
    
    -
    
    17,124
    
    -
    
    17,124Office expenses
    568
    
    294
    
    39
    
    439
    
    101Recovery from mineralproperty acquisition costs(Notes 3 and 9)
    (5,000
    )
    -
    
    -
    
    (5,000
    )
    -Rent (Notes 6, 7 and 9)
    7,200
    
    600
    
    600
    
    1,800
    
    1,800Transfer agent fees
    8,386
    
    1,368
    
    1,949
    
    2,955
    
    2,904Web site development
    1,839
    
    -
    
    -
    
    -
    
    -Write down of mineralproperty acquisitioncosts (Note 3)
    10,000
    
    -
    
    -
    
    -
    
    -Net loss for the
      period
    (172,476
    )
    (20,314
    )
    (29,100
    )
    (34,938
    )
    (52,251
    )Basic and diluted lossper common share
    
    
    (0.001
    )
    (0.001
    )
    (0.002
    )
    (0.003
    )Weighted averagenumber of commonshares used in per sharecalculations
    
    
    20,140,409
    
    20,006,000
    
    20,051,126
    
    20,006,000


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

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Statements of Cash Flows      
|(Expressed in U.S. Dollars)   
|(Unaudited)                   

For theperiod from
    
    For the
    
    For the
    
    For the
    
    For thethe date of
    
    three
    
    three
    
    nine
    
    nineinception on
    
    month
    
    month
    
    month
    
    month18 March
    
    period
    
    period
    
    period
    
    period2005 to 30
    
    ended 30
    
    ended 30
    
    ended 30
    
    ended 30November
    
    November
    
    November
    
    November
    
    November2008
    
    2008
    
    2007
    
    2008
    
    2007$
    
    $
    
    $
    
    $
    
    $Cash flows from operating activitiesNet loss for the period
    (172,476
    )
    (20,314
    )
    (29,100
    )
    (34,938
    )
    (52,251
    )Adjustments to reconcile loss
      to netcash used by operating activitiesContributions to
      capital by relatedparty  expenses (Notes 6, 7 and
      9)
    37,200
    
    3,600
    
    3,600
    
    10,800
    
    10,800Common shares
      issued for services(Notes 7 and 9)
    30
    
    -
    
    
    
    -
    
    -Recovery from
      mineral propertyacquisition cost (Notes 3 and 9)
    (5,000
    )
    -
    
    -
    
    (5,000
    )
    -Write down of
      mineral propertyacquisition costs (Note 3)
    10,000
    
    -
    
    -
    
    -
    
    -Increase (decrease) in accounts payableand accrued liabilities
    9,462
    
    (20,245
    )
    11,215
    
    (12,974
    )
    1,550(120,784
    )
    (36,959
    )
    (14,285
    )
    (42,112
    )
    (39,901
    )Cash flows from financing activitiesIncrease in due to related party (Note 5)
    40,078
    
    1,031
    
    13,660
    
    6,154
    
    15,860Common shares returned to treasury(Notes 7 and 9)
    (5,000
    )
    -
    
    -
    
    -
    
    (5,000
    )Common shares issued for cash (Notes 6and 7)
    110,000
    
    50,000
    
    -
    
    50,000
    
    5,000145,078
    
    51,031
    
    13,660
    
    56,154
    
    15,860Cash flows from investing activitiesAcquisition of mineral property interest(Note 3)
    (10,000
    )
    -
    
    -
    
    -
    
    -Increase (decrease) in cash and cashequivalents
    14,294
    
    14,072
    
    (625
    )
    14,042
    
    (24,041
    )Cash and cash equivalents, beginningof period
    -
    
    222
    
    952
    
    252
    
    24,368Cash and cash equivalents, end ofperiod
    14,294
    
    14,294
    
    327
    
    14,294
    
    327


Supplemental Disclosures with Respect to Cash Flows
(Note 9)

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

---

|Striker Energy Corp.                             
|-------------------------------------------------
|(An Exploration Stage Company)                   
|Statements of Changes in Stockholders Deficiency
|(Expressed in U.S. Dollars)                      
|(Unaudited)                                      

Deficit,accumulatedNumber of
    
    
    
    Additional
    
    during the
    
    Totalshares
    
    
    
    paid-in
    
    exploration
    
    stockholdersissued
    
    Capital stock
    
    capital
    
    stage
    
    deficiency$
    
    $
    
    $
    
    $Balance at 18 March 2005 (inception)Restricted common shares issued forcash ($0.0005 per share) September 2005 (Note 7)
    10,000,000
    
    1,000
    
    4,000
    
    -
    
    5,000Contributions to capital by
      relatedparty (Notes 6, 7 and 9)
    -
    
    -
    
    600
    
    -
    
    600Net loss for the period
    -
    
    -
    
    -
    
    (21,237
    )
    (21,237
    )Balance at 28 February 2006
    10,000,000
    
    1,000
    
    4,600
    
    (21,237
    )
    (15,637
    )Common shares issued for cash($0.005 per share)  May 2006
      (Note7)
    10,000,000
    
    1,000
    
    49,000
    
    -
    
    50,000Common shares issued for
      services($0.005 per share)  August 2006(Notes 7 and 9)
    6,000
    
    6
    
    24
    
    -
    
    30Contributions to capital by relatedparties  expenses (Notes 6, 7
      and 9)
    -
    
    -
    
    11,400
    
    -
    
    11,400Net loss for the year
    -
    
    -
    
    -
    
    (50,890
    )
    (50,890
    )Balance at 28 February 2007
    20,006,000
    
    2,006
    
    65,024
    
    (72,127
    )
    (5,097
    )Contributions to capital by
      relatedparties  expenses (Notes 6, 7 and 9)
    -
    
    -
    
    14,400
    
    -
    
    14,400Common shares returned to
      treasuryand cancelled for cash ($0.005 pershare)  April 2007 (Notes 7
      and 9)
    (1,000,000
    )
    (100
    )
    (4,900
    )
    -
    
    (5,000
    )Common shares issued for cash($0.005 per share)  May 2007
      (Note7)
    1,000,000
    
    100
    
    4,900
    
    -
    
    5,000Net loss for the year
    -
    
    -
    
    -
    
    (65,411
    )
    (65,411
    )Balance at 29 February 2008
    20,006,000
    
    2,006
    
    79,424
    
    (137,538
    )
    (56,108
    )Contributions to capital by relatedparties  expenses (Notes 6, 7
      and 9)
    -
    
    -
    
    10,800
    
    -
    
    10,800Contributions to capital by relatedparties  loan forgiveness
      (Notes 5, 6and 9)
    -
    
    -
    
    38,950
    
    -
    
    38,950Common shares issued for cash($0.10 per share)  November 2008(Note 7)
    500,000
    
    500
    
    49,500
    
    -
    
    50,000Net loss for the period
    -
    
    -
    
    -
    
    (34,938
    )
    (34,938
    )Balance at 30 November 2008
    20,506,000
    
    2,506
    
    178,674
    
    (172,476
    )
    8,704


The accompanying notes are an integral part of these financial
statements

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(Expressed in U.S. Dollars)   
|(Unaudited)                   
|30 November
      2008        

|1. | Nature and Continuance of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | Striker Energy Corp. (the Company) was incorporated
      under the laws of the State of Nevada on 18 March 2005. From inception,
      the Company intended to engage in the acquisition and exploration of
      mineral properties. On 28 September 2005, the Company entered into a
      mineral property option agreement with an unrelated third party (the
      Seller), wherein the Company would acquire 50% of the rights, title and
      interests in and to the Bald Mountain Claims in Nevada. Early in the
      summer of 2008, the Company abandoned its efforts to acquire the Bald
      Mountain Claims with a notice to the Seller. The Company has transitioned
      it business from mineral property exploration to oil and natural gas
      exploration and is currently searching for oil and gas exploration
      opportunities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | The Company is an exploration stage company, as defined
      in Financial Accounting Standards Board (FASB) Statement of Financial
      Accounting Standards (SFAS) No. 7 Accounting and Reporting by
      Development Stage Enterprises, and Industry Guide 7 of the Securities
      Exchange Commission Industry Guide. The Company is devoting all of its
      present efforts to securing and establishing its new business, and its
      planned principle operations have not commenced, and, accordingly, no
      revenue has been derived during the organization period.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | The Companys financial statements as at 30 November 2008
      and for the nine month period ended 30 November 2008 have been prepared on
      a going concern basis, which contemplates the realization of assets and
      the settlement of liabilities and commitments in the normal course of
      business. The Company has a loss of $34,938 for the nine month period
      ended 30 November 2008 (30 November 2007  $52,251). The Company has a
      loss of $20,314 for the three month period ended 30 November 2008 (30
      November 2007  $29,100). The Company had working capital at 30 November
      2008 of $8,704 (29 February 2008  working capital deficit of
    $56,108).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | Effective 12 September 2008, the Company completed a
      forward stock split by the issuance of two new common shares for each one
      outstanding common share of the Company. Unless otherwise noted, all
      references herein to number of shares, price per share or weighted average
      number of shares outstanding have been adjusted to reflect this stock
      split on a retroactive basis (Note 7).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | Management cannot provide assurance that the Company will
      ultimately achieve profitable operations or become cash flow positive, or
      raise additional debt and/or equity capital. As at 30 November 2008, the
      Companys assets only consisted of cash in the amount of $14,294.
      Management believes that the Companys capital resources are not adequate
      to continue operating and maintaining its business strategy for the fiscal
      year ending 28 February 2009. Because the Company does not have any assets
      or revenue from operations, it does not believe it will be able to raise
      capital from traditional lending sources. Although the Company has
      historically raised capital from sales of equity, there is no assurance
      that it will be able to continue to do so. If the Company is unable to
      raise additional capital in the near future, due to the Companys
      liquidity problems, management expects that the Company will need to
      curtail or cease operations. These financial statements do not include any
      adjustments related to the recoverability and classification of assets or
      the amounts and classification of liabilities that might be necessary
      should the Company be unable to continue as a going
  concern.

(1)

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(Expressed in U.S. Dollars)   
|(Unaudited)                   
|30 November 2008              

|   | As at 30 November 2008 the Company was not fully engaged
      in an operating business. The Company expects to incur exploration stage
      operating losses for the next year to eighteen months. It intends to rely
      on officers and directors to perform essential functions with minimal
      compensation until a business operation can be fully commenced. Management
      believes the Company will be able to raise sufficient capital to implement
      its business plan, and thus will continue as a going concern during this
      period while its plans are implemented. There can be no assurance that the
      Company will be able to raise any capital.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|2. | Significant Accounting Policies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | The following is a summary of significant accounting
      policies used in the preparation of these financial statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | Basis of presentation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | The accounting and reporting policies of the Company
      conform to accounting principles generally accepted in the United States
      of America applicable to exploration stage enterprises. The functional
      currency is the U.S. dollar, and the financial statements are presented in
      U.S. dollars.                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | Cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | Cash and cash equivalents include highly liquid
      investments with original maturities of three months or less.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | Financial instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | The Companys financial instruments consist of cash and
      cash equivalents, accounts payable and accrued liabilities and amounts due
      to related parties. Unless otherwise noted, it is managements opinion
      that this Company is not exposed to significant interest or credit risks
      rising from these financial instruments. The fair values of these
      financial instruments approximate their carrying values, unless otherwise
      noted.                                                                                                                                                                                                             

(2)

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(Expressed in U.S. Dollars)   
|(Unaudited)                   
|30 November 2008              

Oil and gas property

The Company follows the successful
efforts method of accounting for its natural gas and oil activities. Under the
successful efforts method, lease acquisition costs and all development costs are
capitalized. Unproved properties are reviewed quarterly to determine if there
has been impairment of the carrying value, and any such impairment is charged to
expense in the period. Exploratory drilling costs are capitalized until the
results are determined. If proved reserves are not discovered, the exploratory
drilling costs are expensed. Other exploratory costs, such as seismic costs and
other geological and geophysical expenses, are expensed as incurred. The
provision for depreciation, depletion and amortization is based on the
capitalized costs as determined above. Depreciation, depletion and amortization
is on a cost center by cost center basis using the unit of production method,
with lease acquisition costs amortized over total proved reserves and other
costs amortized over proved developed reserves.

When circumstances indicate that proved
properties may be impaired, the Company compares expected undiscounted future
cash flows on a cost center basis to the unamortized capitalized cost of the
asset. If the future undiscounted cash flows, based on the Companys estimate of
future natural gas and oil prices and operating costs and anticipated production
from proved reserves, are lower than the unamortized capitalized cost, then the
capitalized cost is reduced to fair market value.

The Company amortizes and impairs
natural gas and oil properties on a field-by-field cost center basis. Management
believes this policy provides greater comparability with other successful
efforts natural gas and oil companies by conforming to predominant industry
practice. In addition, the field level is consistent with the Companys
operational and strategic assessment of its natural gas and oil investments.

The Company is in the process of
acquiring an oil and gas property and has no property at this time.

Reclamation costs

The Companys policy for recording
reclamation costs is to record a liability for the estimated costs to reclaim
mined land by recording charges to production costs for each tonne of ore mined
over the life of the mine. The amount charged is based on managements
estimation of reclamation costs to be incurred. The accrued liability is reduced
as reclamation expenditures are made. Certain reclamation work is performed
concurrently with mining and these expenditures are charged to operations at
that time.

Fair value of financial instruments
and derivative financial instruments

The carrying amounts of cash and
current liabilities approximate fair value because of the short maturity of
these items. These fair value estimates are subjective in nature and involve
uncertainties and matters of significant judgment, and, therefore, cannot be
determined with precision. Changes in assumptions could significantly affect
these estimates. The Company does not hold or issue financial instruments for
trading purposes, nor does it utilize derivative instruments in the management
of foreign exchange, commodity price or interest rate market risks.

(3)

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(Expressed in U.S. Dollars)   
|(Unaudited)                   
|30 November 2008              

Income taxes

Potential benefits of income tax losses
are not recognized in the accounts until realization is more likely than not.
The Company has adopted SFAS No. 109, Accounting for Income Taxes, as
of its inception. Pursuant to SFAS No. 109, the Company is required to compute
tax asset benefits for net operating losses carried forward. The potential
benefits of net operating losses have not been recognized in these financial
statements because the Company cannot be assured it is more likely than not it
will utilize the net operating losses carried forward in future years.

Basic and diluted net loss per share

The Company computes net income (loss)
per share in accordance with SFAS No.128, Earnings per Share. SFAS No.
128 requires presentation of both basic and diluted earnings per share (EPS)
on the face of the income statement. Basic EPS is computed by dividing net
income (loss) available to common shareholders (numerator) by the weighted
average number of shares outstanding (denominator) during the period. Diluted
EPS gives effect to all dilutive potential common shares outstanding during the
period using the treasury stock method and convertible preferred stock using the
if-converted method. In computing diluted EPS, the average stock price for the
period is used in determining the number of shares assumed to be purchased from
the exercise of stock options or warrants. Diluted EPS excluded all dilutive
potential shares if their effect is anti-dilutive.

Comprehensive loss

SFAS No. 130, Reporting
Comprehensive Income, establishes standards for the reporting and display
of comprehensive loss and its components in the financial statements. As at 30
November 2008, the Company has no items that represent a comprehensive loss and,
therefore, has not included a schedule of comprehensive loss in the financial
statements.

Segments of an enterprise and
related information

SFAS No. 131, Disclosures about
Segments of an Enterprise and Related Information, supersedes SFAS No. 14,
Financial Reporting for Segments of a Business Enterprise. SFAS No.131
establishes standards for the way that public companies report information about
operating segments in annual financial statements and requires reporting of
selected information about operating segments in interim financial statements
issued to the public. It also establishes standards for disclosures regarding
products and services, geographic areas and major customers. SFAS No.131 defines
operating segments as components of a company about which separate financial
information is available that is evaluated regularly by the chief operating
decision maker in deciding how to allocate resources and in assessing
performance. The Company has evaluated this SFAS and does not believe it is
applicable at this time.

(4)

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(Expressed in U.S. Dollars)   
|(Unaudited)                   
|30 November 2008              

Start-up expenses

The Company has adopted Statement of
Position No. 98-5, Reporting the Costs of Start-up Activities, which
requires that costs associated with start-up activities be expensed as incurred.
Accordingly, start-up costs associated with the Company's formation have been
included in the Company's general and administrative expenses for the period
from the date of inception on 18 March 2005 to 30 November 2008.

Foreign currency translation

The Companys functional and reporting
currency is the U.S. dollar. The financial statements of the Company are
translated to U.S. dollars in accordance with SFAS No. 52, Foreign Currency
Translation. Monetary assets and liabilities denominated in foreign
currencies are translated using the exchange rate prevailing at the balance
sheet date. Gains and losses arising on translation or settlement of foreign
currency denominated transactions or balances are included in the determination
of income. The Company has not, to the date of these financial statements,
entered into derivative instruments to offset the impact of foreign currency
fluctuations.

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
amounts of assets and liabilities and disclosures of contingent assets and
liabilities at the date of the financial statements and the reported amounts of
revenues and expenditures during the reporting period. Actual results could
differ from these estimates.

Recent accounting pronouncement

In May 2008, the FASB issued SFAS No.
163, Accounting for Financial Guarantee Insurance Contracts  an
interpretation of FASB Statement No. 60 (SFAS 163). SFAS No. 163 provides
enhanced guidance on the recognition and measurement to be used to account for
premium revenue and claim liabilities and related disclosures and is limited to
financial guarantee insurance (and reinsurance) contracts, issued by enterprises
included within the scope of FASB Statement No. 60, Accounting and Reporting
by Insurance Enterprises. SFAS 163 also requires that an insurance
enterprise recognize a claim liability prior to an event of default when there
is evidence that credit deterioration has occurred in an insured financial
obligation. SFAS 163 is effective for financial statements issued for fiscal
years and interim periods beginning after 15 December 2008, with early
application not permitted. The Company does not expect SFAS 163 to have an
impact on its financial statements.

(5)

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(Expressed in U.S. Dollars)   
|(Unaudited)                   
|30 November 2008              

|   | In May 2008, the FASB issued SFAS No. 162, The Hierarchy
      of Generally Accepted Accounting Principles(SFAS 162). SFAS No.
      162 is intended to improve financial reporting by identifying a consistent
      framework, or hierarchy, for selecting accounting principles to be used in
      preparing financial statements that are presented in conformity with U.S.
      Generally Accepted Accounting Principles (GAAP) for nongovernmental
      entities. Prior to the issuance of SFAS 162, GAAP hierarchy was defined in
      the American Institute of Certified Public Accountants (AICPA) Statement
      on Auditing Standards No. 69, The Meaning of Present Fairly in
      Conformity with Generally Accepted Accounting Principles(SAS 69).
      SAS 69 has been criticized because it is directed to the auditor rather
      than the entity. SFAS 162 addresses these issues by establishing that the
      GAAP hierarchy should be directed to entities because it is the entity,
      not its auditor, that is responsible for selecting accounting principles
      for financial statements that are presented in conformity with GAAP. SFAS
      162 is effective 60 days following the SECs approval of the Public
      Company Accounting Oversight Board Auditing amendments to AU Section 411,
      The Meaning of Present Fairly in Conformity with Generally Accepted
      Accounting Principles. The Company does not expect SFAS 162 to have a
      material effect on its financial statements.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | In March 2008, the FASB issued SFAS No. 161,
      Disclosures about Derivative Instruments and Hedging Activities  an
      amendment of FASB Statement No. 133 (SFAS 161). SFAS 161 is
      intended to improve transparency in financial reporting by requiring
      enhanced disclosures of an entitys derivative instruments and hedging
      activities and their effects on the entitys financial position, financial
      performance, and cash flows. SFAS 161 applies to all derivative
      instruments within the scope of SFAS No. 133, Accounting for
      Derivative Instruments and Hedging Activities(SFAS 133). It also
      applies to non-derivative hedging instruments and all hedged items
      designated and qualifying as hedges under SFAS 133. SFAS 161 is effective
      prospectively for financial statements issued for fiscal years beginning
      after 15 November 2008, with early application encouraged. The adoption of
      SFAS 161 is not expected to have a material impact on the Companys
      financial position, results of operations or cash flows.                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | In December 2007, the FASB issued SFAS No. 141 (revised
      2007), Business Combinations(SFAS No. 141(R)). SFAS No. 141(R)
      establishes principles and requirements for how an acquirer recognizes and
      measures in its financial statements the identifiable assets acquired, the
      liabilities assumed, any noncontrolling interest in the acquiree and the
      goodwill acquired. SFAS No. 141(R) also establishes disclosure
      requirements to enable the evaluation of the nature and financial effects
      of the business combination. SFAS No. 141(R) is effective for fiscal years
      beginning after 15 December 2008. The Company is currently evaluating the
      potential impact, if any, of the adoption of SFAS No. 141(R) on its
      results of operation and financial condition.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|3. | Mineral Properties                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | On 28 September 2005, the Company entered into a mineral
      property option agreement with an unrelated third party, whereby the
      Company could acquire 50% of all rights, title and interests in and to the
      Bald Mountain Claims in Nye County, Nevada (the Bald Mountain Claims) by
      paying $5,000 in cash on signing (paid), $5,000 on the second anniversary
      of the agreement (accrued), $10,000 on the third anniversary of the
      agreement and to complete exploration expenditures totalling $500,000 by
      28 September 2010.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

(6)

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(Expressed in U.S. Dollars)   
|(Unaudited)                   
|30 November 2008              

|   | During the nine month period ended 30 November 2008, the
      Company abandoned its interest in the Bald Mountain Claims and recorded a
      recovery of mineral property acquisition costs of $5,000. This amount was
      previously recorded as payable on 28 September 2007 (Note 9).                                                                                                     
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|4. | Accounts Payable and Accrued Liabilities                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|   | Accounts payable and accrued liabilities are non-interest
      bearing, unsecured and have settlement dates within one year.                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|5. | Due to Related Parties                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|   | The balance due to a related parties is non-interest
      bearing, unsecured and is due on demand.                                                                                                                                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|   | As at 30 November 2008, the amount due to related parties
      consisted of a loan in the amount of $1,128 payable to a shareholder that
      is the Companys sole officer and director. At 29 February 2008, the
      amount due to related parties consisted of loans payable to former
      shareholders, officers and directors of the Company in the aggregate
      amount of $33,924.
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|   | During the nine month period ended 30 November 2008, two
      former officers and directors of the Company forgave loans to the Company
      totaling $38,950. The forgiveness of these loans has been recorded as
      contributions to capital (Notes 6 and 9).                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|6. | Related Party Transactions                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|   | During the nine month period ended 30 November 2008, an
      officer and director of the Company made contributions to capital for
      management fees in the amount of $9,000 (30 November 2007  $9,000,
      cumulative  $30,000) and for rent in the amount of $1,800 (30 November
      2007  $1,800, cumulative  $7,200) (Notes 7 and 9).                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|   | During the nine month period, an officer and director of
      the Company subscribed to 400,000 common shares of the Company valued at
      $0.10 per share for total cash proceeds of $40,000 (Notes 7 and
  9).                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|   | During the nine month period ended 30 November 2008, two
      former officers and directors of the Company forgave loans to the Company
      totaling $38,950. The forgiveness of these loans has been recorded as
      contributions to capital (Notes 5 and 9).                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|7. | Capital Stock                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|   | Authorized                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|   | The total authorized capital is 150,000,000 common shares
      with a par value of $0.0001.                                                                                                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|   | Issued and outstanding                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                  
|   | As at 30 November 2008, the total issued and outstanding
      capital stock consisted of 20,506,000 shares of common stock with a par
      value of $0.0001.                                                                                                                                                                                                                                   

(7)

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(Expressed in U.S. Dollars)   
|(Unaudited)                   
|30 November 2008              

|   | On 1 September 2005, 10,000,000 common shares of the
      Company were issued to an officer and director of the Company for cash
      proceeds of $5,000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | On 2 May 2006, the Company completed a public offering of
      securities pursuant to an exemption provided by Rule 504 of Regulation D,
      registered in the State of Nevada, and issued 10,000,000 common shares for
      total cash proceeds of $50,000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | On 29 August 2006, 4,000 common shares valued at $0.005
      per share of the Company were issued to an officer and director of the
      Company for services rendered (Note 9).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | On 1 February 2007, 2,000 common shares valued at $0.005
      per share of the Company were issued to a director of the Company for
      services rendered (Note 9).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | On 30 April 2007, 1,000,000 common shares of the Company
      were returned to treasury and cancelled; $5,000 was returned to the
      investors (Note 9).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | On 14 May 2007, 1,000,000 common shares valued at $0.005
      per share of the Company were issued for total cash proceeds of
    $5,000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Effective 12 September 2008, the Company completed a 2 to
      1 forward stock split and increased the authorized share capital from
      75,000,000 common shares to 150,000,000 common shares with the same par
      value of $0.0001. Unless otherwise noted, all references herein to number
      of shares, price per share or weighted average number of shares
      outstanding have been adjusted to reflect this stock split on retroactive
      basis (Note 1).                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | On 6 November 2008, 500,000 common shares valued at $0.10
      per share of the Company were issued for total cash proceeds of $50,000
      (Note 6).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | During the nine-month period ended 30 November 2008, an
      officer and director of the Company made contributions to capital for
      management fees in the amount of $9,000 (30 November 2007  $9,000,
      cumulative  $30,000) and for rent in the amount of $1,800 (30 November
      2007  $1,800, cumulative  $7,200) (Notes 6 and 9).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|8. | Income Taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | The Company has losses carried forward for income tax
      purposes to 30 November 2008. There are no current or deferred tax
      expenses for the period ended 30 November 2008 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 carry-
      forward period. Management has considered these factors in reaching its
      conclusion as to the valuation allowance for financial reporting
      purposes.

(8)

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(Expressed in U.S. Dollars)   
|(Unaudited)                   
|30 November 2008              

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

| |                                                     |  | For the nine |   |  | For the nine |  
| | --------------------------------------------------- |  | ------------ | - |  | ------------ | -
| |                                                     |  | month period |   |  | month period |  
| |                                                     |  | ended 30     |   |  | ended 30     |  
| |                                                     |  | November     |   |  | November     |  
| |                                                     |  | 2008         |   |  | 2007         |  
| |                                                     |  | $            |   |  | $            |  
| | Refundable federal tax asset attributable
      to: |  |              |   |  |              |  
| | Current operations                                  |  | 11,879       |   |  | 17,765       |  
| | Contributions to capital by related party           |  | (3,672       | ) |  | (3,672       | )
| | Less: Change in valuation allowance                 |  | 8,207        |   |  | (14,093      | )
| |                                                     |  |              |   |  |              |  
| | Net refundable amount                               |  | -            |   |  | -            |  

The composition of the Companys
deferred tax assets as at 30 November 2008 and 29 February 2008 is as follows:

| |                                   |  |          |   |  | As at 29  |  
| | --------------------------------- |  | -------- | - |  | --------- | -
| |                                   |  | As at 30 |   |  | February  |  
| |                                   |  | November |   |  | 2008      |  
| |                                   |  | 2008     |   |  | (Audited) |  
| |                                   |  | $        |   |  | $         |  
| | Net operating loss carry-forward  |  | 135,276  |   |  | 111,108   |  
| |                                   |  |          |   |  |           |  
| | Statutory federal income tax rate |  | 34%      |   |  | 34%       |  
| | Effective income tax rate         |  | 0%       |   |  | 0%        |  
| |                                   |  |          |   |  |           |  
| | Deferred tax asset                |  |          |   |  |           |  
| | Tax loss carry-forward            |  | 45,994   |   |  | 37,777    |  
| | Less: Valuation allowance         |  | (45,994  | ) |  | (37,777   | )
| |                                   |  |          |   |  |           |  
| | Net deferred tax asset            |  | -        |   |  | -         |  

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

As at 30 November 2008, the Company has
an unused net operating loss carry-forward balance of approximately $135,276
that is available to offset future taxable income. This unused net operating
loss carry-forward balance expires through 2026 and 2028.

(9)

---

|Striker Energy Corp.          
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(Expressed in U.S. Dollars)   
|(Unaudited)                   
|30 November 2008              

|9. | Supplemental Disclosures with Respect to Cash
      Flows
|-- | ---------------------------------------------------------

| |                                              |  | For the      |  |  | For the  |  |  |            | 
| | -------------------------------------------- |  | ------------ |  |  | -------- |  |  | ---------- | 
| |                                              |  | period from  |  |  | nine     |  |  | For the    | 
| |                                              |  | inception on |  |  | month    |  |  | nine month | 
| |                                              |  | 18 March     |  |  | period   |  |  | period     | 
| |                                              |  | 2005 to 30   |  |  | ended 30 |  |  | ended 30   | 
| |                                              |  | November     |  |  | November |  |  | November   | 
| |                                              |  | 2008         |  |  | 2008     |  |  | 2007       | 
| |                                              |  | $            |  |  | $        |  |  | $          | 
| | Cash paid during the period for interest     |  | -            |  |  | -        |  |  | -          | 
| | Cash paid during the period for income taxes |  | -            |  |  | -        |  |  | -          | 

On 29 August 2006, 4,000 common shares
valued at $0.005 per share of the Company were issued to an officer and director
of the Company for services rendered (Note 7).

On 1 February 2007, 2,000 common shares
valued at $0.005 per share of the Company were issued to a director of the
Company for services rendered (Note 7).

On 30 April 2007, 1,000,000 common
shares of the Company were returned to treasury and cancelled; $5,000 was
returned to the investors (Note 7).

During the nine month period ended 30
November 2008, two former officers and directors of the Company forgave loans to
the Company totaling $38,950. This loan forgiveness has been recorded as
contributions to capital (Notes 5 and 6).

During the nine month period ended 30
November 2008, the Company abandoned its interest in the Bald Mountain Claims
and recorded a recovery of mineral property acquisition costs of $5,000. This
amount was previously recorded as payable on 28 September 2007 (Note 3).

During the nine month period ended 30
November 2008, an officer and director of the Company made contributions to
capital for management fees in the amount of $9,000 (30 November 2007  $9,000,
cumulative  $30,000) and for rent in the amount of $1,800 (30 November 2007 
$1,800, cumulative  $7,200) (Notes 6 and 7).

(10)

---

2

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS

Forward-Looking Statements

This report contains forward-looking statements.
Forward-looking statements are projections in respect of future events or our
future financial performance. In some cases, you can identify forward-looking
statements by terminology such as may, should, expects, plans,
anticipates, believes, estimates, predicts, potential or continue or
the negative of these terms or other comparable terminology. Forward-looking
statements made in this quarterly report on Form 10-Q include statements about:

- our plans to identify and acquire properties that we believe will be
  prospective for natural gas and crude oil;
- our plans to hire veteran industry experts and expand our management team;
- our expectation that the demand and market price for natural gas and crude
  oil will eventually increase;
- our expectation that we will be able to raise capital when we need it.

These statements are only predictions and involve known and
unknown risks, uncertainties and other factors, including the risks in the
section entitled Risk Factors and the risks set out below, any of which may
cause our or our industrys actual results, levels of activity, performance or
achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. These risks include, by way of example and not in
limitation:

- general economic and business conditions;
- our ability to identify attractive properties and negotiate their
  acquisition;
- our ability to establish or find reserves on any property that we acquire;
- volatility in market prices for natural gas and crude oil;
- risks inherent in natural gas and crude oil operations;
- competition for, among other things, capital, oil and natural gas
  properties and skilled personnel;
- political instability or changes of laws in the countries in which we
  operate or propose to operate and risks of terrorist attacks;
- other factors discussed under ITEM 1A. RISK FACTORS of this Form 10-Q,
  beginning at page 7, below.

These risks may cause our or our industry's actual results,
levels of activity or performance to be materially different from any future
results, levels of activity or performance expressed or implied by these forward
looking statements.

Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future results,
levels of activity or performance. Except as required by applicable law,
including the securities laws of the United States, we do not intend to update
any of the forward-looking statements to conform these statements to actual
results.

As used in this current report and unless otherwise indicated,
the terms "we", "us" and "our" refer to Striker Energy Corp. Unless otherwise
specified, all dollar amounts are expressed in United States dollars and all
references to "common shares" refer to the common shares in our capital stock.

---

3

Corporate Overview

The following discussion should be read in conjunction with the
information contained in our unaudited financial statements and notes thereto
included in this quarterly report on Form 10-Q, as well as our audited financial
statements and notes thereto included in our annual report on Form 10-KSB for
the year ended February 29, 2008, which can be found in its entirety on the
SECs website at www.sec.gov , filed under our SEC File Number 0-52218.

Our company was incorporated under the laws of Nevada on March
18 2005. Effective September 12, 2008, we amended our Articles of Incorporation
to effect a two-for-one forward split of both our issued and outstanding common
stock and our authorized capital. After giving effect to this split, we are
authorized to issue up to 150,000,000 shares of common stock, par value of
$0.0001. Unless otherwise noted, all references in this quarterly report on Form
10-QSB to number of shares, price per share or weighted average number of shares
outstanding have been adjusted to reflect this stock split on a retroactive
basis.

Change in Control

On August 18, 2008, our former president, chief executive
officer, principal accounting officer, treasurer and director sold 10,000,000
shares of our common stock to OPEX Energy Corp., a privately held Alberta
company. Although our company was not a party to this transaction, it resulted
in a change of control of our company as, at the completion of this transaction,
OPEX Energy Corp. owned approximately 49.9% of our issued and outstanding common
stock. Also on August 18, 2008, Konstantin Gregovic resigned from our board of
directors, and Shawn Perger and Brian Cole resigned from all offices held by
them in our company. Joseph Carusone, the president and a director of OPEX
Energy Corp., was appointed to our board to fill the vacancy created by Mr.
Gregovics resignation, and he was appointed to serve as our president,
secretary and treasurer.

On August 28, 2008, Messrs. Perger and Cole resigned from our
Board of Directors, leaving Mr. Carusone as our sole officer and director.

Business Plan

From inception, we were engaged in the mineral exploration
business. In September of 2005, we entered into a Mineral Property Option
Agreement with an unrelated vendor in which we agreed to acquire an option to
purchase a group of mineral claims located in the State of Nevada known as the
Bald Mountain claims. Early in the summer of 2008, we gave notice to the vendor
of our decision to abandon our option to acquire the Bald Mountain claims,
thereby terminating the mineral property option agreement. We have now
transitioned from the mineral exploration business to the oil and natural gas
business and we are currently searching for oil and gas exploration
opportunities.

We have begun to look for oil and gas opportunities in emerging
North American shale plays such as the Marcellus Shale, the Mowry Shale, the
Utica Shale and the Bakken Formation, among other as yet unidentified
opportunities. We have also begun to look to hire veteran industry experts to
expand our management team and better position our company in the oil and gas
business.

We believe that developments in technology and increasing
energy prices made development of gas shales in North America a priority among
exploration and production companies. Although the recent decline in the price
of oil and gas represents a reversal of this trend, we believe that the trend
towards increasing prices for energy will eventually be reinstated. We intend to
continue our search for large footprint oil and gas rights in less developed
shale plays that offer a similar prospect for appreciation in value, and are
prospective for large scale development.

We intend to add experts in finance, geology, engineering, and
land management to better capitalize on the specific opportunities available to
the company. Our CEO is an engineer by training with experience in finance and
oil and gas exploration and production. We intend to attract and retain
additional specialists to address the specific market segment already identified
and to cultivate additional value for shareholders. Specialists include
geologists with experience identifying regions prospective for oil and gas in
place, land managers capable of acquiring large contiguous blocks of land, and
engineers who know how to advance exploration into production.

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4

Anticipated Cash Requirements

We estimate our minimum operating expenses and working capital
requirements for the next 12 month period to be as follows:

Exploration (and appraisal) Costs
    $
    500,000Employee and Consultant Compensation
    
    200,000Professional Fees
    
    50,000General and Administrative Expenses
    
    50,000Total
    $
    800,000


Plan of Operation/Projected Milestones

We intend to advance our oil and gas interests by hiring
experienced personnel and acquiring oil and gas assets.

Over the next 12 months, we intend to focus on raising the
capital needed to achieve our short term goals. Our short term goals include
staffing and the identification of one or more oil or natural gas properties. We
believe that we will need approximately $800,000 in order to achieve these
goals, though there can be no assurance that we can raise this money or achieve
these goals.

During the next 12 months, we expect that we will incur general
and administrative expenses of approximately $50,000. This includes anticipated
office rent, travel costs and compensation during the period while we are
pursuing our goal of raising approximately $1,000,000 in capital.

With the capital in hand, we intend to attract and retain
professionals to serve in executive capacities and we expect to incur related
expenses totaling $200,000 in employee and consultant compensation over the
course of the next twelve months.

Within 12 months, we hope to identify an oil and gas asset for
acquisition or investment. We expect to incur expenses totaling $500,000 that
include costs associated with identification of the opportunity and the initial
acquisition cost (i.e. an option or farm-in agreement).

To support our ongoing disclosure and regulatory obligations as
well as irregular special events, we expect to incur professional services
(i.e. legal, accounting, and auditing) fees totaling $50,000 over the next 12
months.

Going Concern

Our unaudited financial statements and information for the
period ended November 30, 2008 have been prepared by our management on a going
concern basis, which contemplates the realization of assets and the settlement
of liabilities and commitments in the normal course of business. We have
generated no revenues to date and have incurred net losses of approximately
$20,314 during the three month period ended November 30, 2008 and approximately
$172,476 from inception (March 18, 2005) through November 30, 2008. We cannot
provide any assurance that we will ultimately achieve profitable operations or
become cash flow positive, or raise additional funds through the sale of debt
and/or equity. On November 30, 2008 we had cash of $14,294. Our management does
not believe that our current capital resources will be adequate to continue
operating our company and maintaining our business strategy for more than three
months. If we are unable to raise additional capital in the near future, we
expect that we will need to curtail operations, liquidate any assets that we
might own, seek additional capital on less favorable terms and/or pursue other
remedial measures. Our financial statements do not include any adjustments
related to the recoverability and classification of assets or the amounts and
classification of liabilities that might be necessary should we be unable to
continue as a going concern.

Revenues

We have had no operating revenues since our inception on March
18, 2005.

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5

Expenses

The major components of our expenses for the three and nine
months ended November 30, 2008 are outlined in the table below:

|                           |  |               |   |  | For the three |   |  |               |   |  | For the nine |  
|-------------------------- |  | ------------- | - |  | ------------- | - |  | ------------- | - |  | ------------ | -
|                           |  | For the three |   |  | month period  |   |  | For the nine  |   |  | month period |  
|                           |  | month period  |   |  | ended 30      |   |  | month period  |   |  | ended 30     |  
|                           |  | ended 30      |   |  | November      |   |  | ended 30      |   |  | November     |  
|                           |  | November 2008 |   |  | 2007          |   |  | November 2008 |   |  | 2007         |  
|                           |  | $             |   |  | $             |   |  | $             |   |  | $            |  
|Expenses                   |  |               |   |  |               |   |  |               |   |  |              |  
|Bank charges and interest  |  | 126           |   |  | 75            |   |  | 160           |   |  | 175          |  
|Consulting fees            |  | -             |   |  | -             |   |  | -             |   |  | -            |  
|Filing fees                |  | 1,668         |   |  | 350           |   |  | 2,668         |   |  | 1,750        |  
|Investor relations         |  | 730           |   |  | -             |   |  | 730           |   |  | 119          |  
|Legal and accounting fees  |  | 11,890        |   |  | 5,963         |   |  | 21,423        |   |  | 16,628       |  
|Licenses and permits       |  | 638           |   |  | -             |   |  | 763           |   |  | 2,650        |  
|Management fees            |  | 3,000         |   |  | 3,000         |   |  | 9,000         |   |  | 9,000        |  
|Mineral property           |  |               |   |  |               |   |  |               |   |  |              |  
|expenditures               |  | -             |   |  | 17,124        |   |  | -             |   |  | 17,124       |  
|Office expenses            |  | 294           |   |  | 39            |   |  | 439           |   |  | 101          |  
|Recovery from mineral      |  |               |   |  |               |   |  |               |   |  |              |  
|property acquisition costs |  | -             |   |  | -             |   |  | (5,000        | ) |  | -            |  
|Rent                       |  | 600           |   |  | 600           |   |  | 1,800         |   |  | 1,800        |  
|Transfer agent fees        |  | 1,368         |   |  | 1,949         |   |  | 2,955         |   |  | 2,904        |  
|Web site development       |  | -             |   |  | -             |   |  | -             |   |  | -            |  
|Write down of mineral      |  |               |   |  |               |   |  |               |   |  |              |  
|property acquisition costs |  | -             |   |  | -             |   |  | -             |   |  | -            |  
|                           |  |               |   |  |               |   |  |               |   |  |              |  
|Net loss for the period    |  | (20,314       | ) |  | (29,100       | ) |  | (34,938       | ) |  | (52,251      | )

Our net losses for the three and nine-month periods ended
November 30, 2008 were $20,314 and $34,938, respectively, as compared to a net
loss for the three and nine-month periods ended November 30, 2007 of $29,100 and
$52,251, respectively, a decrease of approximately $8,786 and $17,313,
respectively, or approximately 30% for the three-month period and 33% for the
nine-month period, year over year. The decrease in expenses for both the three
and the nine-month periods ended November 30, 2008 was due primarily to a
non-recurring mineral property expense incurred during the three month period
ended November 30, 2007. Our net loss for the period since inception is
$172,476.

Liquidity and Capital Resources

Working Capital

|                          |   | November 30, |   |   | February 29, |  
|------------------------- | - | ------------ | - | - | ------------ | -
|                          |   | 2008         |   |   | 2008         |  
|Current Assets            | $ | 14,294       |   | $ | 252          |  
|Current Liabilities       | $ | (5,590       | ) | $ | (56,360      | )
|Working Capital (Deficit) | $ | 8,704        |   | $ | (56,108      | )

The increase in our working capital was primarily due to a
private placement that we completed on November 5, 2008, in which we sold
500,000 shares of our common stock for $0.10 per share, for gross proceeds of
$50,000.

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Cash Flows

|                                          |   | Three Months Ended |   |   | Nine Months Ended |  
|----------------------------------------- | - | ------------------ | - | - | ----------------- | -
|                                          |   | November 30        |   |   | November 30       |  
|                                          |   |                    |   |   | Percentage        |  
|                                          |   |                    |   |   | Increase          |  
|                                          |   | 2008               |   |   | 2007 (Decrease)   |  
|Net cash used in Operating Activities     | $ | (36,959            | ) | $ | (14,285           | )
|Net cash provided by Financing Activities |   | 51,031             |   |   | 13,660            |  
|Net cash used in Investing Activities     |   | -                  |   |   | -                 |  
|Increase (decrease) Cash and Cash         |   |                    |   |   |                   |  
|Equivalents during the period             | $ | 14,072             |   | $ | (625              | )

Cash Used In Operating Activities

During the three months ended November 30, 2008 we used net
cash in operating activities in the amount of $36,959. The cash used in the
three months ended November 30, 2008 by our operating activities was used
primarily for legal and accounting fees.

Cash from Investing Activities

During the three months ended November 30, 2008, we incurred a
total of $Nil in investing activities compared to $Nil for the same period in
2007.

Cash from Financing Activities

We received $51,031 from financing activities during the three
months ended November 30, 2008 compared to $13,660 received during the three
months ended November 30, 2007. The increase in net cash generated by financing
activities is attributable to a private placement that we completed on November
5, 2008, in which we sold 500,000 shares of our common stock for $0.10 per
share, for gross proceeds of $50,000.

Off-Balance Sheet Arrangements

We have not entered into any transactions with unconsolidated
entities whereby we have financial guarantees or other contingent arrangements
that expose us to material continuing risks, contingent liabilities or any other
obligations that provide financing, liquidity, market risk or credit risk
support to us

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES OF MARKET
RISK

Not applicable.

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7

ITEM 4. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

As required by paragraph (b) of Rules 13a-15 or 15d-15 under
the Exchange Act, our principal executive officer and principal financial
officer evaluated our companys disclosure controls and procedures (as defined
in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as of the end of the
period covered by this quarterly report on Form 10-Q. Disclosure controls and
procedures are controls and other procedures that are designed to ensure that
information required to be disclosed in our company's reports filed or submitted
under the Exchange Act is recorded, processed, summarized and reported, within
the time periods specified in the Securities and Exchange Commission's rules and
forms. Disclosure controls and procedures include controls and procedures
designed to ensure that information required to be disclosed in our company's
reports filed under the Exchange Act is accumulated and communicated to our
principal executive officer and our principal accounting officer, as
appropriate, to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

There were no changes in our companys internal control over
financial reporting during the quarter ended November 30, 2008 that have
materially affected, or are reasonably likely to materially affect, our
companys internal control over financial reporting.

Certificates

Certificates with respect to disclosure controls and procedures
and internal control over financial reporting under Rules 13a-14(a) or 15d-14(a)
of the Exchange Act are attached to this Quarterly report on Form 10-Q.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

None.

ITEM 1A. RISK FACTORS

In addition to other information in this quarterly report, the
following risk factors should be carefully considered in evaluating our business
because such factors may have a significant impact on our business, operating
results, liquidity and financial condition. As a result of the risk factors set
forth below, actual results could differ materially from those projected in any
forward looking statements. Additional risks and uncertainties not presently
known to us, or that we currently consider to be immaterial, may also impact our
business, operating results, liquidity and financial condition. If any such
risks occur, our business, operating results, liquidity and financial condition
could be materially affected in an adverse manner. Under such circumstances, the
trading price of our securities could decline, and you may lose all or part of
your investment.

Risks Related to our Company

Our independent auditors have expressed substantial doubt
about our ability to continue as a going concern.

We have not generated any revenue from operations since our
incorporation. During the nine-month period ended November 30, 2008, we incurred
a net loss of $34,938. From inception through November 30, 2008, we have
incurred an aggregate loss of $172,476. We anticipate that we will continue to
incur operating expenses without generating any revenues unless and until we are
able to identify, acquire and develop an oil and gas opportunity. In addition,
we expect that our operating expenses will increase substantially over the next
12 months as we ramp-up our proposed oil and gas business. We estimate our
average monthly expenses over the next 12 months to be

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8

approximately $8,300, including general and administrative
expenses but excluding property acquisition costs and the cost of any
exploration activities. On November 30, 2008, we had cash and cash equivalents
of approximately $14,294. We believe that cash on hand as of the date of filing
of this quarterly report on Form 10-Q is not sufficient to fund our currently
budgeted operating requirements for the 12 month period ending December 31, 2009
and, in order to fund our anticipated budget for the next 12 months we believe
that we will need to raise approximately $800,000. This amount could increase if
we encounter difficulties that we are not now able to anticipate in advance. As
we cannot assure a lender that we will be able to successfully acquire, explore
and exploit and oil or natural gas property, we will almost certainly find it
difficult to raise debt financing from traditional lending sources. We have
traditionally raised our operating capital from the sale of equity but there can
be no assurance that we will continue to be able to do so. If we cannot raise
the money that we need in order to continue to operate our business, we will be
forced to delay, scale back or eliminate some or all of our proposed operations.
If any of these were to occur, there is a substantial risk that our business
would fail.

These circumstances raise substantial doubt about our ability
to continue as a going concern, as described in the explanatory paragraph to our
independent auditors report on our consolidated financial statements for the
year ended February 29, 2008, which were included in our annual report on Form
10-KSB filed with the SEC on May 30, 2008. Although our consolidated financial
statements raise substantial doubt about our ability to continue as a going
concern, they do not reflect any adjustments that might result if we are unable
to continue our business. Our financial statements contain additional note
disclosure describing the circumstances that lead to this disclosure by our
independent auditors.

We are a development stage company with a limited
operating history, which may hinder our ability to successfully meet our
objectives.

We are a development stage company with only a limited
operating history upon which to base an evaluation of our current business and
future prospects. We have only begun engaging in the oil and gas exploration and
development business and our company does not have an established history of
locating and developing properties that have oil and gas reserves. As a result,
the revenue and income potential of our business is unproven. In addition,
because of our limited operating history, we have limited insight into trends
that may emerge and affect our business. Errors may be made in predicting and
reacting to relevant business trends and we will be subject to the risks,
uncertainties and difficulties frequently encountered by early-stage companies
in evolving markets. We may not be able to successfully address any or all of
these risks and uncertainties. Failure to adequately do so could cause our
business, results of operations and financial condition to suffer.

Our only director and executive officer is employed
elsewhere and his time and effort will not be devoted to our company full-time.

Our sole director and officer works for our company on an
as-needed basis and he is employed in other positions with other companies. As
a result, our company is and will continue to be managed on a part-time basis
unless and until we can identify and hire additional skilled management
personnel. Because of this, the management of our company may suffer and our
company could under-perform or fail.

Because our sole director and officer is resident of
other countries other than the United States, investors may find it difficult to
enforce, within the United States, any judgments obtained against our sole
director and officer.

Our sole director and officer is not a resident of the United
States, and all or a substantial portion of his assets are located outside the
United States. As a result, it may be difficult for investors to enforce within
the United States any judgments obtained against our sole officer and director,
including judgments predicated upon the civil liability provisions of the
securities laws of the United States or any state thereof.

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We are a new entrant into the oil and gas industry
without a profitable or long operating history. We do not have any income
producing oil and gas properties and we have limited financial resources. There
is no means by which investors can evaluate our potential for success and there
is no assurance that we will ever operate profitably.

We are an exploration stage company with only a limited
operating history upon which to base an evaluation of our current business and
future prospects. We only became engaged in the oil and gas exploration and
development business on August 18, 2008 and we do not have an established
history of locating and developing properties that have oil and gas reserves. As
a result, the revenue and income potential of our business is unproven. In
addition, because of our limited operating history, we have limited insight into
trends that may emerge and affect our business. Errors may be made in predicting
and reacting to relevant business trends and we will be subject to the risks,
uncertainties and difficulties frequently encountered by early-stage companies
in evolving markets. We may not be able to successfully address any or all of
these risks and uncertainties. Failure to adequately do so could cause our
business, results of operations and financial condition to suffer.

If we are unable to successfully recruit qualified
managerial and field personnel having experience in oil and gas exploration, we
may not be able to continue our operations.

In order to successfully implement and manage our business
plan, we will depend upon, among other things, successfully recruiting qualified
managerial and field personnel having experience in the oil and gas exploration
business. Competition for qualified individuals is intense. We may not be able
to find, attract and retain qualified personnel on acceptable terms. If we are
unable to find, attract and retain qualified personnel with technical expertise,
our business operations could suffer.

Future growth could strain our resources, and if we are
unable to manage our growth, we may not be able to successfully implement our
business plan.

We expect to experience rapid growth in our operations, which
will place a significant strain on our management, administrative, operational
and financial infrastructure. Our future success will depend in part upon the
ability of our executive officers to manage growth effectively. This will
require that we hire and train additional personnel to manage our expanding
operations. In addition, we must continue to improve our operational, financial
and management controls and our reporting systems and procedures. If we fail to
successfully manage our growth, we may be unable to execute upon our business
plan.

Risks Relating To Our Business and the Oil and Gas Industry

The oil and gas industry is highly competitive and there
can be no assurance that we will be able to compete effectively.

The oil and gas industry is highly competitive. Although we do
not believe that we will compete with other oil and gas companies for the sale
of any oil and gas that we may produce, as there is sufficient demand in the
world market for these products, we will compete with other oil and natural gas
companies and other individuals for desirable oil and natural gas leases,
drilling equipment, personnel and funds. Many of the companies that we will
compete with have longer operating histories and substantially greater financial
and other resources than we do. These larger or more experienced competitors may
be able to more easily access capital markets than we can and may enjoy a
competitive advantage in the recruitment of qualified personnel. They may be
able to absorb the burden of any changes in laws and regulation in the
jurisdictions in which we do business and handle longer periods of reduced
prices for oil and gas more easily than we can. Our competitors may be able to
pay more for oil and gas leases and properties and may be able to define,
evaluate, bid for and purchase a greater number of leases and properties than we
can. Further, these companies may enjoy technological advantages and may be able
to implement new technologies more rapidly than we can. Our ability to acquire
additional properties in the future will depend upon our ability to conduct
efficient operations, evaluate and select suitable properties, implement
advanced technologies and consummate transactions in a highly competitive
environment. If we cannot compete, our business will fail and you could lose
your entire investment.

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There can be no assurance that we will identify and
acquire an oil and natural gas exploration property. Even if we do acquire such
a property, there can be no assurance that we will discover oil or natural gas
in any commercial quantity thereon.

Exploration for economic reserves of oil and natural gas is
subject to a number of risks. Even if we are able to acquire an oil and natural
gas exploration property, few properties that are explored are ultimately
developed into producing oil and/or natural gas wells. If we cannot acquire one
or more oil or natural gas opportunities and discover or develop oil or natural
gas in any commercial quantity thereon, our business will fail.

Oil and natural gas operations are subject to
comprehensive regulation which may cause substantial delays or require capital
outlays in excess of those anticipated causing an adverse effect on our
company.

Oil and natural gas operations are subject to federal, state,
and local laws relating to the protection of the environment, including laws
regulating removal of natural resources from the ground and the discharge of
materials into the environment. Oil and natural gas operations are also subject
to federal, state, and local laws and regulations which seek to maintain health
and safety standards by regulating the design and use of drilling methods and
equipment. Various permits from government bodies are required for drilling
operations to be conducted; no assurance can be given that standards imposed by
federal, provincial, or local authorities may be changed and any such changes
may have material adverse effects on our proposed activities. Moreover,
compliance with such laws may cause substantial delays or require capital
outlays in excess of those anticipated, which could have an adverse effect on
us. Additionally, we may be subject to liability for pollution or other
environmental damages. To date, we have not been required to spend any money on
compliance with environmental regulations. However, we may be required to do so
in the future and this may affect our ability to begin, expand or maintain our
operations.

Exploratory drilling involves many risks and we may
become liable for pollution or other liabilities which may have an adverse
effect on our financial position.

Drilling operations generally involve a high degree of risk.
Hazards such as unusual or unexpected geological formations, power outages,
labor disruptions, blow-outs, sour natural gas leakage, fire, inability to
obtain suitable or adequate machinery, equipment or labor, and other risks are
involved. We may become subject to liability for pollution or hazards against
which we cannot adequately insure or which we may elect not to insure. Incurring
any such liability may have a material adverse effect on our financial position
and operations.

Even if we acquire an oil and natural gas exploration
property and establish that it contains oil or natural gas in commercially
exploitable quantities, the potential profitability of oil and natural gas
ventures depends upon factors beyond the control of our company.

Even if we are able to establish any oil or gas reserves on our
properties, our ability to produce and market oil and gas is affected and also
may be harmed by:

- inadequate pipeline transmission facilities or carrying capacity;
- government regulation of natural gas and oil production;
- government transportation, tax and energy policies;
- changes in supply and demand; and
- general economic conditions.

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11

Our future performance is dependent upon our ability to
identify, acquire and develop oil and gas properties, the failure of which could
result in under use of capital and losses.

Our future performance depends upon our ability to identify,
acquire and develop oil and gas reserves that are economically recoverable. Our
success will depend upon our ability to acquire working and revenue interests in
properties upon which oil and gas reserves are ultimately discovered in
commercial quantities, and our ability to develop prospects that contain proven
oil and gas reserves to the point of production. Without successful acquisition
and exploration activities, we will not be able to develop oil and gas reserves
or generate revenues. We cannot provide you with any assurance that we will be
able to identify and acquire oil and gas reserves on acceptable terms, or that
oil and gas deposits will be discovered in sufficient quantities to enable us to
recover our exploration and development costs or sustain our business.

Exploratory drilling involves many risks that are outside
our control which may result in a material adverse effect on our business,
financial condition or results of operations.

The business of exploring for and producing oil and gas
involves a substantial risk of investment loss. Drilling oil and gas wells
involves the risk that the wells may be unproductive or that, although
productive, the wells may not produce oil or gas in economic quantities. Other
hazards, such as unusual or unexpected geological formations, pressures, fires,
blowouts, power outages, sour gas leakage, loss of circulation of drilling
fluids or other conditions may substantially delay or prevent completion of any
well. Adverse weather conditions can also hinder drilling operations. A
productive well may become uneconomic if water or other deleterious substances
are encountered that impair or prevent the production of oil or gas from the
well. In addition, production from any well may be unmarketable if it is
impregnated with water or other deleterious substances. There can be no
assurance that oil and gas will be produced from the properties in which we have
interests.

Risks Relating to Our Common Stock

If we issue additional shares in the future, it will
result in the dilution of our existing shareholders.

Our articles of incorporation authorize the issuance of up to
150,000,000 shares of common stock with a par value of $0.0001 per share. Our
board of directors may choose to issue some or all of such shares to acquire one
or more properties, to fund our proposed exploration programs and to fund our
overhead and general operating requirements. The issuance of any such shares
will reduce the book value and market price of the outstanding shares of our
common stock. If we issue any such additional shares, such issuance will reduce
the proportionate ownership and voting power of all current shareholders.
Further, such issuance may result in a change of control of our corporation.

Trading of our stock is restricted by the Securities
Exchange Commission's penny stock regulations, which may limit a stockholder's
ability to buy and sell our common stock.

The Securities and Exchange Commission has adopted regulations
which generally define penny stock to be any equity security that has a market
price (as defined) less than $5.00 per share or an exercise price of less than
$5.00 per share, subject to certain exceptions. Our securities are covered by
the penny stock rules, which impose additional sales practice requirements on
broker-dealers who sell to persons other than established customers and
accredited investors. The term accredited investor refers generally to
institutions with assets in excess of $5,000,000 or individuals with a net worth
in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly
with their spouse. The penny stock rules require a broker-dealer, prior to a
transaction in a penny stock not otherwise exempt from the rules, to deliver a
standardized risk disclosure document in a form prepared by the Securities and
Exchange Commission, which provides information about penny stocks and the
nature and level of risks in the penny stock market. The broker-dealer also must
provide the customer with current bid and offer quotations for the penny stock,
the compensation of the broker-dealer and its salesperson in the transaction and
monthly account statements showing the market value of each penny stock held in
the customer's account. The bid and offer quotations, and the broker-dealer and
salesperson compensation information, must be given to the customer orally or in
writing prior to effecting the transaction and must be given to the customer in
writing before or with the customer's confirmation. In addition, the penny stock
rules require that prior to a transaction in a penny stock not otherwise exempt
from these rules, the broker-dealer must make a special written determination
that the penny stock

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is a suitable investment for the purchaser and receive the
purchaser's written agreement to the transaction. These disclosure requirements
may have the effect of reducing the level of trading activity in the secondary
market for the stock that is subject to these penny stock rules. Consequently,
these penny stock rules may affect the ability of broker-dealers to trade our
securities. We believe that the penny stock rules discourage investor interest
in and limit the marketability of our common stock.

FINRA sales practice requirements may also limit a
stockholder's ability to buy and sell our stock.

In addition to the penny stock rules described above, the
Financial Industry Regulatory Authority (known as FINRA) has adopted rules
that require that in recommending an investment to a customer, a broker-dealer
must have reasonable grounds for believing that the investment is suitable for
that customer. Prior to recommending speculative low priced securities to their
non-institutional customers, broker-dealers must make reasonable efforts to
obtain information about the customers financial status, tax status, investment
objectives and other information. Under interpretations of these rules, FINRA
believes that there is a high probability that speculative low priced securities
will not be suitable for at least some customers. FINRA requirements make it
more difficult for broker-dealers to recommend that their customers buy our
common stock, which may limit your ability to buy and sell our stock and have an
adverse effect on the market for our shares.

Our common stock is illiquid and the price of our common
stock may be negatively impacted by factors which are unrelated to our
operations.

Although our common stock is currently listed for quotation on
the OTC Bulletin Board, none of our shares have yet been purchased or sold on
that market. Even when a market is established and trading begins, trading
through the OTC Bulletin Board is frequently thin and highly volatile. There is
no assurance that a sufficient market will develop in our stock, in which case
it could be difficult for shareholders to sell their stock. The market price of
our common stock could fluctuate substantially due to a variety of factors,
including market perception of our ability to achieve our planned growth,
quarterly operating results of our competitors, trading volume in our common
stock, changes in general conditions in the economy and the financial markets or
other developments affecting our competitors or us. In addition, the stock
market is subject to extreme price and volume fluctuations. This volatility has
had a significant effect on the market price of securities issued by many
companies for reasons unrelated to their operating performance and could have
the same effect on our common stock.

Because of the early stage of development and the nature
of our business, our securities are considered highly speculative.

Our securities must be considered highly speculative, generally
because of the nature of our business and the early stage of our development. We
are engaged in the business of identifying, acquiring, exploring and, if
warranted, developing commercial reserves of oil and gas. We do not currently
own any properties. Accordingly, we have not generated any revenues nor have we
realized a profit from our operations to date and there is little likelihood
that we will generate any revenues or realize any profits in the short term. Any
profitability in the future from our business will be dependent upon locating
and developing economic reserves of oil and gas, which itself is subject to
numerous risk factors as set forth herein. Since we have not generated any
revenues, we will have to raise additional monies through the sale of our equity
securities or debt in order to continue our business operations.

We do not intend to pay dividends on any investment in
the shares of stock of our company.

We have never paid any cash dividends and currently do not
intend to pay any dividends for the foreseeable future. Because we do not intend
to declare dividends, any gain on an investment in our company will need to come
through an increase in the stocks price. This may never happen and investors
may lose all of their investment in our company.

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

On November 5, 2008, we issued an aggregate of 500,000 shares
of common stock to two investors in a non-brokered off-shore private placement,
at a purchase price of US$0.10 per share, raising gross proceeds of $50,000,
which were used for working capital.

We issued the shares to non-U.S. persons (as that term is
defined in Regulation S of the Securities Act of 1933, as amended) in an
offshore transaction in which we relied on the registration exemption provided
for in Regulation S and/or Section 4(2) of the Securities Act of 1933, as
amended.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

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

None.

ITEM 5. OTHER INFORMATION

On October 30, 2008, we entered into a subscription agreement
with each of two investors for the sale of an aggregate of 500,000 shares of
common stock at a price of US $0.10 per share for gross proceeds of US $50,000.
These shares were issued on November 5, 2008. Proceeds will be used for working
capital.

ITEM 6. EXHIBITS

Exhibits required by Item 601 of Regulation S-K

|Exhibit No. | Description                                                                                                                                          
|----------- | -----------------------------------------------------------------------------------------------------------------------------------------------------
|3.1         | Articles of Incorporation
        (attached as an exhibit to our registration statement on Form 10-SB filed
        on September 8, 2006)            
|3.2         | By-laws (attached as an exhibit
        to our registration statement on Form 10-SB filed on September 8, 2006)                                      
|3.3         | Certificate of
        Change (attached as an exhibit to our current report on Form 8-K filed
        on September 15, 2008)                         
|10.1        | Option Agreement (attached as
        an exhibit to our registration statement on Form 10-SB filed on September
        8, 2006)                     
|10.2        | Geological Summary
        Report (attached as an exhibit to our registration statement on Form 10-SB
        filed on September 8, 2006)            
|10.3        | Form of Private Placement Subscription
        Agreement (attached as an exhibit to our current report on Form 8-K filed
        on November 6, 2008)
|31.1*       | Certification
        Pursuant to Section 302 of the Sarbanes-Oxley Act Of 2002                                                                      
|32.1*       | Certification
        Pursuant to Section 906 of the Sarbanes-Oxley Act Of 2002                                                                      

*attached herewith

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SIGNATURES

Pursuant to the requirements 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.

STRIKER ENERGY CORP.

By: /s/ Joseph Carusone Joseph Carusone, President, CEO and Director 
  (Principal
Executive Officer, Principal Financial Officer and Principal Accounting Officer)

Dated: January 12, 2009



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