UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2008 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to

	X	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
		For the Quarterly Period Ended September 30, 2008
		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 0-9083

ENERCORP, INC.

(Exact name of Registrant as specified in its charter)

Colorado 84-0768802

(State or other jurisdiction of (I.R.S. Employer

incorporation or organization) Identification Number)

23399 Commerce Drive Suite B-1

Farmington Hills, MI 48335

(Address of principal executive offices)

Registrant's telephone number, including area code: (248) 994-0099

Indicate by check mark whether the Company (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 X

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act) Yes No X

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

The number of shares outstanding of the registrant’s common stock as of ~~March~~September 3130, 2008 was 695,897.

PART I

Item 1: Financial Statements

Enercorp, Inc.

Statements of Net Assets

ASSETS	~~March~~September 3130, 2008 (Unaudited)	June 30, ~~2007~~2008
Investments, at fair value, as determined by the Board of Directors, cost of $7,750 at both March 31, 2008 and June 30, 2007	$ 5,396	$ 5,351
Investments, at fair value, as determined by the Board of Directors, cost of $7,750 at both September 30, 2008 and June 30, 2008	$ 5,363	$ 5,375
Cash	~~227~~1,157	~~190,370~~193
Prepaid expenses	1,767	884
Prepaid expense	13,649	884
Total assets	720,~~390~~169	~~196~~6,~~605~~452
LIABILITIES
Note payable	325,000	325,000
Notes payable	325,000	325,000
Note payable related parties	85,032	151,964
Notes payable-related parties	85,031	85,031
Accounts payable and accrued liabilities	1036,~~304~~291	1916,~~443~~126
Accrued management fees-related party	318,500	6711,~~500~~000
Interest payable -related parties	6,026	13,687
Interest payable-related parties	9,012	7,511
Interest payable - other	83,458	66,318
Interest payable-non related parties	94,864	89,130
Total liabilities	513,320	643,912
Other liability-deposit	30,000	-
Commitments and contingencies	-	-
NET ASSETS	(505,930)	(447,307)
Total liabilities	598,698	533,798
NET ASSETS	(578,529)	(527,346)
ANALYSIS OF NET ASSETS:
Common stock, no par value: 10,000,000 shares authorized, 695,897 shares issued and outstanding at March 31, 2008 and June 30, 2007.	1,888,251	1,888,251
Common stock, no par value: 10,000,000 shares authorized, 695,897 shares issued and outstanding at both September 30, 2008 and June 30, 2008.	1,888,251	1,888,251
Preferred stock, no par value, 1,000,000 shares authorized, zero issued and outstanding	-	-
Preferred Stock, no par value, 1,000,000 shares authorized, zero issued and outstanding	-	-
Accumulated deficit	(2,~~391~~464,~~826~~392)	(2,~~333~~413,~~158~~221)
Net unrealized depreciation on investments	(2,~~355~~388)	(2,~~400~~376)
Net assets (equivalent to $(0.73) and $(0.64) per share based on 695,897 shares of common stock outstanding)	$ (505,930)	$ (447,307)
Net assets (equivalent to $(0.83) and $(0.76) per share based on 695,897 shares of common stock outstanding)	$ (578,529)	$ (527,346)

See accompanying notes to unaudited financial statements

Enercorp, Inc.

Schedule of Investments as of ~~March~~September 3130, 2008

(Unaudited)

Description of Business		No of Shares	Price per Share	Cost/ Equity	Value before Discount	Discount	Fair Value
Affiliated Companies
Common Stocks-Public Market Method of Valuation
CompuSonics Video Corporation	Computer Software Product &	1,751	$ 0.001	$ -	$ 2	$ (1)	$ 1
	Web Site Development	9,500,000	0.001	7,600	13,300	(7,980)	5,320
				7,600	13,302	(7,981)	5,321
Unaffiliated Companies
Common Stocks-Public Market Method of Valuation
Vitro Diagnostics, Inc.	Diagnostic test kits	300	0.~~250~~140	150	7542	-	7542
Total All Companies				$ 7,750	$ 13,~~377~~344	$ (7,981)	$ 5,~~396~~363

See accompanying notes to unaudited financial statements

Enercorp, Inc.

Schedule of Investments as of June 30, ~~2007~~2008

Description of Business		No of Shares	~~Price per~~ Share Price	Cost/ Equity	Value ~~before~~Before Discount	Discount	Fair Value
Affiliated Companies
Common Stocks-Public Market Method of Valuation
CompuSonics Video Corporation	Computer Software Product &	1,751	$ 0.001	$ -	$ 2	$ (1)	$ 1
CompuSonics Video Corp.	Computer Software Product &	1,751	$0.001	$ -	$ 2	$ (1)	$ 1
	Web Site Development	9,500,000	0.001	7,600	13,300	(7,980)	5,320
				7,600	13,302	(7,981)	5,321
Unaffiliated Companies
Common Stocks-Public Market Method of Valuation
Vitro Diagnostics, Inc.	Diagnostic test kits	300	0.~~100~~180	150	3054	-	3054
Total All Companies				$ 7,750	$ 13,~~332~~356	$ (7,981)	$ 5,~~351~~375

See accompanying notes to unaudited financial statements

Enercorp, Inc.

Statements of Changes in Net Assets (Unaudited)

	Nine months ended March 31, 2008	Nine months ended March 31, 2007
	Three Months ended September 30, 2008	Three Months ended September 30, 2007
Decrease in net assets from operations:
Net investment loss	$ (5851,~~668~~171)	$ (~~111~~26,~~099~~436)
Net realized gain (loss) from investments	-	-
Net increase in unrealized depreciation on investments	(12)	(21)
Net increase (decrease) in unrealized appreciation (depreciation) on investments	45	86,176
Net decrease in net assets resulting from operations	(51,183)	(26,457)
Net decrease in net assets resulting from operations	(58,623)	(24,923)
Net assets
Beginning of the period	(~~447~~527,~~307~~346)	(~~370~~447,~~515~~307)
End of the period	$ (505,930)	$ (395,438)
End of period	$ (578,529)	$ (473,764)

See accompanying notes to unaudited financial statements

Enercorp, Inc.

Statements of Operations (Unaudited)

	Three months ended March 31,		Nine months ended March 31,
	Three months ended September 30,
	2008	~~2007~~	~~2008~~2007	~~2007~~
REVENUES
Consulting income-related party	$ -	$ 15,000	$ -	$ 47,500
Miscellaneous income	$ 5		$ 236
Sales commissions	-	-	-	1,670
Total revenues	5		236
Miscellaneous income	-	-	236	-
EXPENSES
Total revenues	-	15,000	236	49,170
Officer compensation	-		10,000
EXPENSES
Legal , accounting & other professional fees	35,523		585
Officer compensation	-	25,000	10,000	85,000
Management fees - related party	7,500		7,500
Legal, accounting & other professional fees	303	1,028	1,338	19,438
Interest expense	5,734		5,734
Management fees-related party	7,500	7,500	22,500	22,500
Interest expense- related parties	1,500		1,732
Interest expense-other	5,672	5,609	17,140	16,988
Other general & administrative expenses	919		1,121
Interest expense- related parties	1,484	2,563	4,716	7,574
Total expenses	51,176		26,672
Other general & administrative expenses	917	3,024	3,210	8,769
Investment loss before income tax expense	(51,171)		(26,436)
Total expenses	15,876	44,724	58,904	160,269
Income tax expense	-		-
Investment loss before income tax expense	(15,876)	(29,724)	(58,668)	(111,099)
Net investment loss	(51,171)		(26,436)
Income taxes expense	-	-	-	-
Net increase in unrealized depreciation on investments, net of $0 taxes	(12)		(21)
Net investment loss	(15,876)	(29,724)	(58,668)	(111,099)
Net decrease in net assets resulting from operations	$ (51,183)		$ (26,457)
Net increase (decrease) in unrealized appreciation (depreciation) on investments, net of $0 taxes	24	46,181	45	86,176
Decrease in net assets per share	$ (0.074)		$ (0.038)
Net increase (decrease) in net assets resulting from operations	(15,852)	16,457	(58,623)	(24,923)
Weighted average shares outstanding	695,897		695,897
Increase (decrease) in net assets per share	$ (0.023)	$ 0.024	$ (0.084)	$ (0.036)
Weighted average shares outstanding	695,897	695,897	695,897	695,897

See accompanying notes to unaudited financial statements

Enercorp, Inc.

Statements of Cash Flows (Unaudited)

		Nine Months Ended March 31, 2008	Nine Months Ended March 31, 2007
		Three Months Ended September 30, 2008	Three Months Ended September 30, 2007
Cash flows from operating activities:
Cash flows used in operating activities:
Net decrease in net assets resulting from operations	~~Net decrease in net assets resulting from operations~~	$ (5851,~~623~~183)	$ (2426,~~923~~457)
Adjustments to reconcile net decrease in net
assets to net cash used in operating activities:
assets to net cash provided by (used in) operating activities:
	Net change in unrealized appreciation on investments	(45)	(86,176)
	Net change in unrealized (appreciation) depreciation on investments	12	21
	Increase in other assets	(~~883~~12,765)	(12,~~034~~651)
	Increase (decrease) in accounts payable
	Increase in accounts payable
	and accrued expenses	~~(63~~34,~~660)~~900	~~101~~(78,~~460~~934)
	Total adjustments	(64,588)	14,250
	Increase in other liabilities	30,000	-
Net cash used in operating activities		(123,211)	(10,673)
	Total adjustments	52,147	(81,564)
Net cash provided by (used in) operating activities		964	(108,021)
Cash flows from financing activities:
	Proceeds from notes payable	-	12,829
	Payments of notes payable	-	(66,932)
	Payments of notes payable	(66,932)	(2,500)
Net cash (used in) financing activities		-	(66,932)
Net cash provided by (used in) financing activities		(66,932)	10,329
Net increase (decrease) in cash		964	(174,953)
Net decrease in cash		(190,143)	(344)
Cash, beginning of period		193	190,370
Cash, beginning of period		190,370	1,100
Cash, end of period		$ 1,157	$ 15,417
Cash, end of period		$ 227	$ 756
Supplemental disclosure of cash flow information:
Interest paid		$ -	$ 12,376

See accompanying notes to unaudited financial statements

Enercorp, Inc.

Notes to the Unaudited Financial Statements

Note 1: Financial Statements.

The financial data presented herein is unaudited, but in the opinion of management reflect those adjustments necessary for a fair presentation of the results of operations and financial condition of Enercorp, Inc. All of these adjustments are of normal recurring nature. Results of interim periods should not be considered indicative of results for a full year. Reference should be made to the financial statements contained in our Annual Report on Form 10-K for the year ended June 30, ~~2007~~2008. For purposes of this report, "Enercorp", the "Company", "we", "our", "us" or similar references mean Enercorp, Inc., unless the context requires otherwise.

Note 2.: Investments

The Company owns 9,501,751 shares of a related party, CompuSonics Video Corporation (“CPVD”), which were trading publicly at $0.001 per share as of ~~March~~September 3130, 2008. Subsequent to ~~March~~September 3130, 2008 this investment was trading atbelow ~~$0.0008~~that ~~per share~~price. Management deemed some of this decline to be permanent. This investment has been permanently written down by $94,050 to reflect the significant decline in its fair market value. Mr. Parlatore, director of the Company, is also a member of the Board of Directors of CPVD.

Note 3: ~~Related~~Fair ~~party~~value ~~transactions~~measurements

Effective January 1, 2008, the Company adopted SFAS No. 157. This statement defines fair value, establishes a framework for measuring fair value and expands the disclosures about fair value measurements. The Company has elected the option to defer the effective date of SFAS No. 157 as it pertains to non-financial assets and liabilities to January 1, 2009.

SFAS No. 157 establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value in three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). In some cases, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. SFAS 157 requires that certain liabilities be classified in their entirety based on the lowest level of input that is significant to the fair value measurement in its entirety. Assessing the significance of a particular input may require judgment considering factors specific to the asset or liability, and may affect the valuation of the asset or liability and its placement within the fair value of the hierarchy. The Company classifies the fair value balances based on the fair value hierarchy defined by SFAS No. 157 as follows:

Level 1. Consists of unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access as of the reporting date.

Level 2. Consists of inputs other than quoted prices included within Level 1 that are directly observable for the asset or liability or indirectly observable through corroboration with observable market data.

Level 3. Consist of unobservable inputs for assets or liabilities whose fair value is estimated based on internally developed models or methodologies using inputs that are generally less readily observable and supported by little, if any, market activity at the measurement date. Unobservable inputs are developed based on the best available information and subject to cost-benefit constraints.

The following table presents assets and liabilities measured and recorded at fair value on a recurring basis as of September 30, 2008 and the hierarchy in which these assets and liabilities are classified:

Net balance at

Assets:

Level 1

Level 2

Level 3

September 30, 2008

Investments:

$5,363

$ -

$5,363

Total assets at fair value

$5,363

$ -

$5,363

Note 4: Related party transactions

Consistent with its objective of long-term capital appreciation, a Business Development Company consults with its investees with respect to obtaining capital and offers managerial assistance to selected businesses that, in the opinion of the Company's Management, have a significant potential for growth. Therefore, by definition, this activity creates related party transactions.

Enercorp has an agreement with Acrodyne Corporation to pay a $2,500 per month management fee for office space and services including accounting and financial reporting. The Company ~~paid~~has ~~$86,500~~not ofmade ~~management~~any ~~fees~~payments to Acrodyne ~~Corporation~~ during the ~~nine~~three-month period ended ~~March~~September 3130, 2008. The balance of accrued fees due to Acrodyne Corporation was $318,500 as of ~~March~~September 3130, 2008. Acrodyne and Enercorp share the same office space and have common ownership.

~~Enercorp~~Note ~~made~~5: Income ~~$2,689~~tax and $7,000 of interest and principal payments, respectively, on the note payable to Quorum Capital, Inc. during the nine-month period ended March 31, 2008. Also, during the same period Enercorp made interest payments of $1,981 to TICO, a Michigan partnership, $2,567 to First Equity Corporation. Terms and conditions of these notes were approved by the independent board of directors of Enercorp. All of the above related companies share the same office space with Enercorp and have common ownership.expense

InThere ~~addition,~~was ~~Enercorp~~no ~~made~~income ~~interest~~tax ~~and~~expense ~~principal~~for ~~payments of $5,138 and $59,932, respectively, on~~ the ~~note~~three ~~payable~~months ~~to Brett Homovec during the nine month period~~ ended ~~March~~September 3130, 2008. ~~The~~and ~~Company~~2007. ~~recorded~~Financial astatement ~~$90,000~~tax ~~note~~expense ~~payable~~amounts todiffer ~~Brett~~from ~~Homovec for~~ the ~~services~~amounts ~~rendered~~computed ~~during~~by applying the ~~year~~statutory ~~ended~~federal ~~June~~tax ~~30,~~rate ~~2006. Mr. Homovec was serving as an independent consultant before his election as President and COO~~ of ~~the~~34% ~~Company~~to onpretax ~~June~~income ~~30,~~because ~~2006. He currently only serves on the Board~~ of ~~Directors. This~~permanent ~~note~~book-tax ~~bears~~differences ~~interest~~and atchanges ~~7%,~~in ~~and~~deferred istax ~~payable~~valuation ~~on demand~~allowances.

Note 46: Liabilities

The following schedule represents detailed liabilities as of ~~March~~September 3130, 2008 and June 30, ~~2007~~2008:

	March 31, 2008	June 30, 2007
	September 30, 2008	June 30, 2008
Notes payable	$ 325,000	$ 325,000
Notes payable-related parties
	325,000	325,000
Notes payable-related parties:
Note payable-TICO	14,000	14,000
Note payable-First Equity Corporation	23,636	23,636
Note payable-Quorum Capital	19,~~829~~828	2619,828
Note payable-Brett Homovec	27,567	87,500
Note payable - Brett Homovec	27,567	27,567
	85,032	151,964
	85,031	85,031
Accounts payable	1036,~~304~~847	1916,~~443~~126
Accrued management fees - Acrodyne	3,500	67,500
Accrued management fees - related party	18,500	11,000
Interest payable
Other liability-deposit	30,000	-
Interest payable-Quorum Capital	1,415	2,976
Interest payable:
Interest payable-TICO	738	1,982
Interest payable-Quorum Capital	2,112	1,761
Interest payable-First Equity Corporation	1,247	2,567
Interest payable-TICO	1,230	983
Interest payable - Brett Homovec	2,626	6,162
Interest payable-First Equity Corporation	2,076	1,659
Interest payable other	83,458	66,318
Interest payable - Brett Homovec	3,594	3,108
	$ 89,484	$ 80,005
Interest payable-Current	94,864	89,130
	$ 103,876	$ 96,641

The notes payable of $325,000 are short term notes at 7% interest. The creditors related to these notes have not demanded any payments on the notes nor the interest accrued on the notes. These investors are willing to extend the terms of the notes, or convert the notes to equity.

The notes payable to related parties are all short term notes at 7% interest. Related parties have continuously supported the operations of Enercorp by extending the terms of the notes, and/or lending additional funds to Enercorp.

Note 57: Recently Enacted Pronouncements

In February 2007, the FASB issued SFAS No. 159, “The Fair Value Option for Financial Assets and Financial Liabilities- Including an amendment of FASB Statement No. 115.” This Statement permits entities to choose to measure many financial instruments and certain other items at fair value that are not currently required to be measured at fair value. The objective is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. This Statement is expected to expand the use of fair value measurement, which is consistent with the Board’s long-term measurement objectives for accounting for financial instruments.

This Statement also establishes presentation and disclosure requirements designed to facilitate comparisons between entities that choose different measurement attributes for similar types of assets and liabilities. This Statement does not affect any existing accounting literature that requires certain assets and liabilities to be carried at fair value. This Statement does not establish requirements for recognizing and measuring dividend income, interest income, or interest expense. This Statement does not eliminate disclosure requirements included in other accounting standards, including requirements for disclosures about fair value measurements included in SFAS No. 157. This statement is effective as of the beginning of an entity’s first fiscal year that begins after November 15, 2007. Early adoption is permitted as of the beginning of the fiscal year that begins on or before November 15, 2007. The implementation of SFAS No. 159 is not expected to have a material impact on the Company’s results of operations and financial condition.

In December 2007, the FASB issued SFAS No. 141(R), Business Combinations, and SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements. SFAS No. 141(R) requires an acquirer to measure the identifiable assets acquired, the liabilities assumed and any noncontrolling interest in the acquiree at their fair values on the acquisition date, with goodwill being the excess value over the net identifiable assets acquired. SFAS No. 160 clarifies that a noncontrolling interest in a subsidiary should be reported as equity in the consolidated financial statements. The calculation of earnings per share will continue to be based on income amounts attributable to the parent. SFAS No. 141(R) and SFAS No. 160 are effective for financial statements issued for fiscal years beginning after December 15, 2008. Early adoption is prohibited. The Company has not yet determined the effect on our consolidated financial statements, if any, upon adoption of SFAS No. 141(R) or SFAS No. 160.

In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements - an Amendment of ARB No. 51 (“SFAS 160”), which establishes accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. SFAS No. 160 clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements. SFAS No. 160 also requires consolidated net income to be reported at amounts that include the amounts attributable to both the parent and the noncontrolling interest. It also requires disclosure, on the face of the consolidated statement of income, of the amounts of consolidated net income attributable to the parent and to the noncontrolling interest. SFAS No. 160 also provides guidance when a subsidiary is deconsolidated and requires expanded disclosures in the consolidated financial statements that clearly identify and distinguish between the interests of the parent’s owners and the interests of the noncontrolling owners of a subsidiary. SFAS 160 is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008. The Company is currently evaluating the impact this statement will have on its financial position and results of operations.

In February 2008, the FASB issued FASB Staff Position No. 157-2, Effective Date of FASB Statement No. 157 (“FSP 157-2”), which delays the effective date of SFAS 157 for nonfinancial assets and nonfinancial liabilities. Therefore, the Company has delayed application of SFAS 157 to its nonfinancial assets and nonfinancial liabilities, which include assets and liabilities acquired in connection with a business combination, goodwill, intangible assets and asset retirement obligations, until January 1, 2009. The Company is currently evaluating the impact of SFAS 157 for nonfinancial assets and liabilities on the Company's financial position and results of operations.

In March 2008, the FASB issued SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activities (“SFAS 161”), which amends and expands the disclosure requirements of FASB Statement No. 133, Accounting for Derivative Instruments and Hedging Activities (“SFAS 133”), with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why an entity uses derivative instruments; (b) how derivative instruments and related hedged items are accounted for under SFAS No. 133 and its related interpretations; and (c) how derivative instruments and related hedged items affect an entity’s financial position, financial performance and cash flows. SFAS 161 requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of and gains and losses on derivative instruments and disclosures about credit-risk-related contingent features in derivative instruments. This statement applies to all entities and all derivative instruments. SFAS 161 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008. The Company has not yet determined the effect on our financial statements, if any, upon adoption of SFAS No. 161.

In May, 2008, the Financial Accounting Standards Board (“FASB”) issued Statement of Financial Accounting Standard (“SFAS”) No. 162, “The Hierarchy of Generally Accepted Accounting Principles,” (“SFAS 162”). SFAS No. 162 identifies the sources of accounting principles and the framework for selecting the principles used in the preparation of financial statements of nongovernmental entities that are presented in conformity with generally accepted accounting principles (GAAP) in the United States (the GAAP hierarchy). SFAS No. 162 will be effective 60 days following the SEC’s approval of the Public Company Accounting Oversight Board’s amendments to AU Section 411, “The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles.” The FASB has stated that it does not expect SFAS No. 162 will result in a change in current practice. The application of SFAS No. 162 will have no effect on the Company’s financial position, results of operations or cash flows.

Also 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 163 interprets Statement 60 and amends existing accounting pronouncements to clarify their application to the financial guarantee insurance contracts included within the scope of that Statement. SFAS 163 is effective for financial statements issued for fiscal years beginning after December 15, 2008, and all interim periods within those fiscal years. ~~As such, the Company is required to adopt these provisions at the beginning of the fiscal year ended December 31, 2009.~~ The Company is currently evaluating the impact of SFAS 163 on its financial statements but does not expect it to have an effect on the Company’s financial position, results of operations or cash flows.

In May 2008, FASB issued FSP APB 14-1, Accounting for Convertible Debt Instruments that may be Settled in Cash upon Conversion (Including Partial Cash Settlement) ("FSP APB 14-1"). FSP APB 14-1 applies to convertible debt securities that, upon conversion, may be settled by the issuer fully or partially in cash. FSP APB 14-1 specifies that issuers of such instruments should separately account for the liability and equity components in a manner that will reflect the entity's nonconvertible debt borrowing rate when interest cost is recognized in subsequent periods. FSP APB 14-1 is effective for financial statements issued for fiscal years after December 15, 2008, and must be applied on a retrospective basis. Early adoption is not permitted. We are assessing the potential impact of this FSP on our convertible debt issuances.

In June 2008, the Financial Accounting Standards Board ("FASB") issued FASB Staff Position ("FSP") EITF 03-6-1, Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities ("FSP EITF 03-6-1"). FSP EITF 03-6-1 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting, and therefore need to be included in the earnings allocation in computing earnings per share under the two-class method as described in SFAS No. 128, Earnings per Share. Under the guidance of FSP EITF 03-6-1, unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of earnings-per-share pursuant to the two-class method. FSP EITF 03-6-1 is effective for financial statements issued for fiscal years beginning after December 15, 2008 and all prior-period earnings per share data presented shall be adjusted retrospectively. Early application is not permitted. We are assessing the potential impact of this FSP on our earnings per share calculation.

In June 2008, FASB ratified EITF No. 07-5, Determining Whether an Instrument (or an Embedded Feature) Is Indexed to an Entity's Own Stock ("EITF 07-5"). EITF 07-5 provides that an entity should use a two-step approach to evaluate whether an equity-linked financial instrument (or embedded feature) is indexed to its own stock, including evaluating the instrument's contingent exercise and settlement provisions. EITF 07-5 is effective for financial statements issued for fiscal years beginning after December 15, 2008. Early application is not permitted. We are assessing the potential impact of this EITF on our financial condition and results of operations.

Note 68 : New ~~Subsequent Events~~Agreements

~~Entry~~On ~~Into~~September 29, 2008, Enercorp, Inc. (“Enercorp”) entered into a ~~Material~~binding ~~Definitive~~letter ~~Agreement~~of intent (the “Binding Letter of Intent”) with American Plastics Processing Products, Inc. (“AP3”) and its President, Mr. DiNello, setting forth the principal terms on which AP3 will make an investment in Enercorp. As part of this investment, Enercorp will obtain a $500,000 secured line of credit, 500,000 shares of common stock of LBO Capital Corp., 250,000 shares of common stock of EDEN Research, PLC (a publicly listed company in the United Kingdom), and $250,000 worth of AP3 common stock. In exchange, AP3 will obtain approximately 3,083,333 shares of common stock of Enercorp. The Binding Letter of Intent does not set forth all of the terms related to this transaction, and Enercorp and AP3 agree to negotiate in good faith such other terms as well as definitive documents as appropriate to evidence this transaction. Consummation of this transaction was expected to occur in January 2009, however due to some unexpected delays the transaction is set to close by late spring.

OnAs ~~September~~conditions ~~29,~~of ~~2008,~~this ~~Enercorp~~transaction, ~~Inc. (“~~Enercorp”) ~~entered~~must, ~~into~~among aother ~~binding~~things, ~~letter~~use ofcommercially ~~intent~~reasonable ~~(the~~efforts ~~“Binding~~to ~~Letter~~become offully ~~Intent”)~~compliant with ~~American~~all ~~Plastics~~federal ~~Processing~~and ~~Products,~~state ~~Inc.~~laws ~~(“AP3”)~~by ~~and~~which ~~its~~it ~~President,~~is ~~Mr. DiNello~~governed, ~~setting~~including ~~forth~~ the ~~principal~~regulations ~~terms~~promulgated onby ~~which~~the ~~AP3~~Securities ~~will~~and ~~make~~Exchange ~~an investment in Enercorp~~Commission. ~~As part of this investment,~~ Enercorp ~~will~~must ~~obtain~~also ause ~~$500,000~~commercially ~~secured~~reasonable ~~line~~efforts ofto ~~credit,~~obtain ~~500,000~~agreements ~~shares~~from ofcurrent ~~common~~debt ~~stock~~holders ofto ~~LBO~~convert ~~Capital~~approximately ~~Corp. 250~~$500,000 ~~shares~~ of ~~common~~debt ~~stock~~into ~~of EDEN Research~~2, ~~PLC (a publicly listed company in the United Kingdom)~~500, ~~and $250,~~000 ~~worth of AP3 common stock. In exchange, AP3 will obtain approximately 3,083,333~~ shares of common stock of Enercorp. The Binding Letter of Intent does not set forth all of the terms related to this transaction, and Enercorp and AP3 agree to negotiate in good faith such other terms as well as definitive documents as appropriate to evidence this transaction. Consummation of this transaction is expected to occur in January 2009.

AsNote ~~conditions~~9 of this transaction, Enercorp must, among other things, use commercially reasonable efforts to become fully compliant with all federal and state laws by which it is governed, including the regulations promulgated by the Securities and Exchange Commission.: ~~Enercorp~~Going must also use commercially reasonable efforts to obtain agreements from current debt holders to convert approximately $500,000 of notes receivable from Enercorp into 2,500,000 shares of common stock of Enercorp.Concern

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. For the year ended June 30, 2008, the Company incurred a net decrease in net assets from operations of $80,039 and for the three months ended September 30, 2008, the Company incurred a net decrease in net assets from operations of $51,183. As of September 30, 2008 the Company had net assets of $(578,529).

The Company’s continuation as a going concern is dependent upon its ability to generate sufficient cash flow to meet its obligations on a timely basis, to obtain additional financing or refinancing as may be required, and ultimately to establish profitability. Until the Company is able to generate positive operating cash flows, additional funds will be required to support operations. The Company believes that the new financing obtained (See Note 8) will be sufficient to enable them to continue as a going concern through June 30, 2009. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations.

Material Changes in Financial Condition:.

The Company’s liquidity is affected primarily by the business success, securities’ prices and marketability of its investee companies and by the amount and timing of new or incremental investments it makes, as well as the availability of borrowing under its credit lines.

The Company owns 9,501,751 shares of a related party, CompuSonics Video Corporation, which were trading publicly at $0.001 per share as of ~~March~~September 3130, 2008. Subsequent to ~~March~~September 3130, 2008 this investment was trading atbelow ~~$0.0008~~that ~~per share~~price. Management deemed some of this decline to be permanent. This investment was permanently written down by $94,050 to reflect the significant decline in its fair market value.

Current liabilities ~~decreased~~increased by $~~130~~64,~~592~~900 and the net asset value decreased by $5851,~~623~~183 during the ~~nine~~three month period ended ~~March~~September 3130, 2008. Net asset value per share decreased from $(0.6476) to $(0.7383) during this ~~nine~~three month period.

Liquidity and Capital Resources.

Currently, the Company's investment activity and operations are restricted by its limited working capital position. ~~Capital~~The ~~required~~Company had no material commitments for ~~the~~capital ~~Company's~~expenditures, ~~investment~~as ~~activities~~of September 30, if2008. On ~~available~~September 29, ~~would~~2008, beEnercorp, ~~generated~~Inc. ~~from~~(“Enercorp”) ~~new~~entered ~~investments~~into a binding letter of intent (the “Binding Letter of Intent”) with American Plastics Processing Products, Inc. (“AP3”) and its President, Mr. DiNello, setting forth the ~~sale~~principal terms on which AP3 will make an investment in Enercorp. As part of ~~portfolio~~this ~~securities~~investment, orEnercorp ~~from~~will ~~additional~~obtain ~~offerings~~a $500,000 secured line of credit, 500,000 shares of common stock of LBO Capital Corp. 250,000 shares of common stock of EDEN Research, PLC (a publicly listed company in the ~~Company's~~United ~~restricted~~Kingdom), and ~~legended~~$250,000 worth of AP3 common stock. In exchange, AP3 will obtain approximately 3,083,333 shares of ~~which~~common ~~there~~stock ~~can~~of beEnercorp. The noBinding ~~assurance~~Letter of ~~success~~Intent does not set forth all of the terms related to this transaction, and Enercorp and AP3 agree to negotiate in ~~any~~good faith such ~~efforts.~~other ~~The~~terms ~~ability~~as ofwell ~~the~~as ~~Company~~definitive documents as appropriate to ~~sell~~evidence ~~restricted~~this ~~portfolio~~transaction. Consummation ~~held~~of ~~securities~~this istransaction ~~dependent~~was onexpected ~~market~~to ~~conditions~~occur ~~over~~in ~~which~~January 2009, however due to some unexpected delays the ~~Company~~transaction ~~has~~is noset ~~control~~to close by late spring. ~~The~~This ~~Company~~investment ~~had~~will noenhance ~~material~~Enercorp’s ~~commitments~~ability ~~for~~to ~~capital~~continue ~~expenditures,~~to position itself as ofa ~~March~~viable ~~31,~~business ~~2008~~development company.

Results of Operations

Three months ended ~~March~~September 3130, 2008 compared to three months ended ~~March~~September 3130, 2007.

The Company had a net investment loss of $1551,~~876~~171 for the three month period ended ~~March~~September 3130, 2008 as compared to a net investment loss of $2926,~~724~~436 for the three month period ended ~~March~~September 3130, 2007. The ~~decrease~~increase in losses for the three month period ended ~~March~~September 3130, 2008 is mainly due to ~~decrease~~increase in ~~compensation~~accounting expense. Enercorp ~~and~~has ~~other~~filed ~~general~~many ~~and~~past ~~administrative~~financial ~~expense~~reports during 2008, which explains the reason for the accounting fees.

~~The Company had no consulting income for this period as compared to $15,000 of consulting income for the same period in 2007.~~ Officer compensation decreased by $2510,000, ~~when~~during ~~comparing~~ the ~~2008~~three ~~and~~months ~~2007~~ended ~~periods~~September 30, 2008. Professional accounting expense ~~decreased~~increased by $~~725~~34,938 for this period. Interest expense~~-related~~ ~~party decreased by $1,079~~ and ~~other~~ general and administrative expense ~~decreased~~did bynot ~~$2,107~~have a significant change for this three-month period compared to the same period last year.

The Company had $24(12) and $~~46,181~~(21) of unrealized ~~appreciation~~depreciation on investment for the three-month periods ended ~~March~~September 3130, 2008 and 2007, respectively. The change is mainly due to ~~Williams~~CompuSonics ~~Controls,~~Video ~~Inc.~~ investment~~, which appreciated during the three months ended December 31, 2006 and was subsequently sold in June 2007~~.

The Company had a $0.~~023~~074 ~~decrease~~ and $0.~~024~~038 ~~increase~~decrease in net assets per share for the three-month periods ended ~~March~~September 3130, 2008 and 2007, respectively.

Nine months ended March 31, 2008 compared to nine months ended March 31, 2007.

The Company had a net investment loss of $58,668 and $111,099 for the nine-month periods ended March 31, 2008 and 2007, respectively.

The Company had no consulting income for this period compared to $47,500 for the same period last year. Officer compensation decreased by $75,000 during the nine months ended March 31, 2008 compared to the nine months ended March 31, 2007. Professional fees decreased by $18,100 for the nine months ended March 31, 2008 compared to the same 2007 period. Interest expense-related party decreased by $2,858 and other general and administrative expense decreased by $5,559 for this nine-month period compared to the same period last year.

The Company had $45 and $86,176 of unrealized appreciation on investment for the nine-month period ended March 31, 2008 and 2007, respectively. The change is mainly due to Williams Controls, Inc. investment, which appreciated during the nine months ended December 31, 2006 and was subsequently sold in June 2007.

The Company had a $0.084 and $0.036 decrease in net assets per share for the nine-month periods ended March 31, 2008 and 2007, respectively.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

None

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures designed to provide reasonable assurance that

information required to be disclosed in reports filed under the Securities Exchange Act of 1934, as amended (Exchange Act) is recorded, processed, summarized and reported within the specified time periods and accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

Our management, with the participation of Chief Executive Officer (CEO) and Chief Financial Officer (CFO), evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) promulgated under the Exchange Act) as of ~~March~~September 3130, 2008. Based on that evaluation, our current CEO and CFO concluded that, as of that date, our disclosure controls and procedures required by paragraph (b) of Rules 13a-15 or 15d-15 were not effective at the reasonable assurance level because of the identification of material weaknesses in our internal control over financial reporting, which we view as an integral part of our disclosure controls and procedures.

The Company has not filed on a timely basis, certain of its quarterly Forms 10-Q and annual Form 10-K with the Securities Exchange Commission (SEC) within the required due dates.

Changes in Internal Controls

There have been no changes in the Company’s internal control over financial reporting (as such term defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the three month period ended ~~March~~September 3130, 2008 to which this report relates that have materially affected, or are reasonably likely to affect, the Company’s internal control over financial reporting.

Management is working on filing with the SEC all of the Company’s past due filings. Expected improvement of cash flow will ensure that the audits and reviews be completed on a timely basis, in order for management to file the reports by the due dates imposed by the SEC rules.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

None

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

None

Item 3. Defaults Upon Senior Securities

None

Item 4. Submission of Matters to a Vote of Security Holders

None

Item 5. Other information

None

Item 6. Exhibits

Exhibit No. 31.1

Exhibit No. 31.2

Exhibit No. 32.1

Exhibit No. 32.2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

ENERCORP, INC

(Registrant)

By:/s/ Majlinda Xhuti

Majlinda Xhuti

Chairman, President & CEO

Date: April ~~January~~ 14, 2009

EXHIBIT INDEX

Exhibit No.		Identification of Exhibit
31.1		Certification of Majlinda Xhuti, Chief Executive Officer of the Company, pursuant to Rules 13a-14(a) and 15d-14(a) of the Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2		Certification of Majlinda Xhuti, Chief Financial Officer of the Company, pursuant to Rules 13a-14(a) and 15d-14(a) of the Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1		Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2		Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

EXHIBIT 31.1

Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Chief Executive Officer

I, Majlinda Xhuti certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Enercorp, Inc.

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April ~~January~~ 14, 2009

/s/ Majlinda Xhuti

Chief Executive Officer

EXHIBIT 31.2

Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Chief Financial Officer

I, Majlinda Xhuti, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Enercorp, Inc.

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(a)

(b)

(c)

(d)

5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April ~~January~~ 14, 2009

/s/ Majlinda Xhuti

Chief Financial Officer

EXHIBIT 32.1

Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

I, , Chief Executive Officer of Enercorp, Inc. (“the Company”), hereby certify pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

	1.	the Company’s Quarterly Report on Form 10-Q for the period ended ~~March~~September 3130, 2008, to which this statement is furnished as an exhibit (the “Report”), fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
	2.	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: April ~~January~~ 14, 2009

/s/Majlinda Xhuti. Chief Executive Officer

EXHIBIT 32.2

Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

I, Majlinda Xhuti, Chief Financial Officer of Enercorp, Inc. (“the Company”), hereby certify pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

	1.	the Company’s Quarterly Report on Form 10-Q for the period ended ~~March~~September 3130, 2008 to which this statement is furnished as an exhibit (the “Report”), fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
	2.	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: April ~~January~~ 14, 2009


/s/Majlinda Xhuti.

Chief Financial Officer

Filing Compare · ENERCORP INC