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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman;">UNITED
      STATES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman;">SECURITIES
      AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Washington
      D.C. 20549</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;">FORM
      S-8</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">REGISTRATION
      STATEMENT</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Under</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">THE
      SECURITIES ACT OF 1933</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman;"><strong>Mogul
      Energy International, Inc.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Exact
      name of Registrant as specified in charter)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Delaware</strong></font></div>
            </td>
            <td valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>980461623</strong></font></div>
            </td>
          </tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(State
                or other jurisdiction of incorporation)</font></div>
            </td>
            <td valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(I.R.S.
                Employer Identification)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
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      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>520
                Pike Street, Suite 2210</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Seattle,
                Washington</strong></font></div>
            </td>
            <td valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>98101</strong></font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Address
                of principal executive offices)</font></div>
            </td>
            <td valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Zip
                Code)</font></div>
            </td>
            <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Registrant&#8217;s
      telephone number, including area code:<strong> (206)
      357-4220</strong></font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2007
      Stock Incentive Plan of Mogul Energy International, Inc.</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Engagement
      Agreement between Mogul Energy International, Inc. and</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>The
      Otto Law Group, PLLC</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Consultant
      Agreement between Mogul Energy International, Inc. and Charles D.
      Flynn</strong></font></div>
    <div>
      <div>&#160;</div>
      <div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Full
      Titles of Plans)</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>The
      Corporation Trust Company</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Corporation
      Trust Center</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1209
      Orange Street</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Wilmington,
      Delaware 19801</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
      <div>
        <hr style="COLOR: black" align="center" noshade size="2" width="15%">
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Name
      and
      address of agent for service)</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(302)
      658-7581</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
      <div>
        <hr style="COLOR: black" align="center" noshade size="2" width="20%">
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Telephone
      number, including area code, of agent for service)</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">CALCULATION
      OF REGISTRATION FEE</font></div>
    <div><br></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Title
                of Securities to be Registered</font></div>
            </td>
            <td align="left" valign="top" width="20%" style="BORDER-RIGHT: black 2px solid; BORDER-TOP: black 2px solid; BORDER-LEFT: black 2px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Amount
                to be Registered(1)(2)(3)</font></div>
            </td>
            <td align="left" valign="top" width="20%" style="BORDER-TOP: black 2px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Proposed
                Offering Price per Share(4)</font></div>
            </td>
            <td align="left" valign="top" width="20%" style="BORDER-RIGHT: black 2px solid; BORDER-TOP: black 2px solid; BORDER-LEFT: black 2px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Maximum
                Aggregate Offering Price(4)</font></div>
            </td>
            <td align="left" valign="top" width="20%" style="BORDER-RIGHT: black 2px solid; BORDER-TOP: black 2px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Proposed
                Maximum Amount of Fee(4)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="20%" style="BORDER-LEFT: black 2px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Common
                Stock, $0.001 par value</strong></font></div>
            </td>
            <td align="left" valign="top" width="20%" style="BORDER-RIGHT: black 2px solid; BORDER-LEFT: black 2px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>4,460,000</strong></font></div>
            </td>
            <td align="left" valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>$0.11</strong></font></div>
            </td>
            <td align="left" valign="top" width="20%" style="BORDER-RIGHT: black 2px solid; BORDER-LEFT: black 2px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>$490,600</strong></font></div>
            </td>
            <td align="left" valign="top" width="20%" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>$15.06</strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
      2007 Stock Incentive Plan (the &#8220;Plan&#8221;) of Mogul Energy International, Inc. (the
&#8220;Company&#8221;) permits 4,000,000 shares of common stock of the Company to be issued
      to participants under the Plan.&#160;&#160;The general nature and purpose of the
      Plan is to provide a means for the Company to continue to attract, motivate
      and
      retain management, key employees, consultants and other independent contractors,
      and to provide these individuals with greater incentive for their service to
      the
      Company by linking their interests in the Company&#8217;s success with those of the
      Company and its shareholders.&#160;&#160;The incentives will be in the form of
      options to purchase shares of the Company&#8217;s common stock and other awards of the
      Company&#8217;s common stock.&#160;&#160;The Plan qualifies as a Qualified Stock
      Option Plan as defined under IRC Section 422.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
      engagement agreement (the &#8220;Engagement Agreement&#8221;) between The Otto Law Group,
      PLLC (&#8220;OLG&#8221;) and the Company provides for legal services to be rendered by OLG
      to the Company on a periodic basis.&#160;&#160;The Company has chosen to
      compensate OLG for legal services rendered, in part, by issuing 185,000 shares
      of the Company's common stock to David M. Otto on this Form S-8 registration
      statement.&#160;&#160;The general nature and purpose of the Engagement Agreement
      is to provide for legal services for the Company and compensate OLG for said
      legal services.&#160;&#160;The Engagement Agreement does not provide for a
      specific term, but remains in effect until terminated by either
      party.&#160;&#160;The Engagement Agreement qualifies as an Employee Benefit Plan
      as defined under Rule 405 of Regulation C.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
      Consulting Agreement between Charles Flynn and the Company provides for business
      consulting services to be rendered by Charles Flynn to the Company on a periodic
      basis.&#160;&#160;The Company has chosen to compensate Charles Flynn for
      services rendered by issuing 275,000 shares of the Company&#8217;s common stock to
      Charles Flynn.&#160;&#160;The shares are registered on this Form S-8
      registration statement.&#160;&#160;The Consultant Agreement is for a 3 month
      term, with a 3 month renewable option.&#160;&#160;The general nature and purpose
      of the Consultant Agreement is to provide for the Company identification of
      strategic business partners and to develop the Company&#8217;s business strategy in
      return for compensation to Charles Flynn for said consulting
      services.&#160;&#160;The Consultant Agreement qualifies as an Employee Benefit
      Plan as defined under Rule 405 of Regulation C.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(4)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Estimated
      solely for the purposes of determining the registration fee pursuant to Rule
      457.&#160;&#160;On October 22, 2007, the fair market value of the Company&#8217;s
      common stock, determined from the Company&#8217;s ten-day prior average closing bid
      and ask stock prices on the Over-the-Counter Bulletin Board was $0.11 per
      share.&#160;&#160;On this basis, the maximum aggregate offering price for the
      shares registered hereunder is $490,600.&#160;&#160;Such is the basis for
      computing the filing fee in accordance with Rule 457(h) and at a rate of the
      aggregate offering price multiplied by 0.0000307.</font></div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">2</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>PART
      I</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>INFORMATION
      REQUIRED IN THE SECTION 10(a) PROSPECTUS</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">ITEM
      1.&#160;&#160;PLAN INFORMATION*</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">ITEM
      2.&#160;&#160;REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL
      INFORMATION*</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font>
      <div>
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      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">*
      The
      documents constituting Part I of this Registration Statement will be sent or
      given to participants in the Plan as specified by Rule 428(b)(1) under the
      Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).&#160;&#160;Such
      documents are not filed with the Securities and Exchange Commission (the
&#8220;Commission&#8221;) either as part of this Registration Statement or as prospectuses
      or prospectus supplements pursuant to the note to Part I of Form
      S-8.&#160;&#160;These documents and the documents incorporated by reference in
      this Registration Statement pursuant to Item 3 of Part II of this Registration
      Statement, taken together, constitute the prospectus that meets the requirements
      of Section 10(a) of the Securities Act.&#160;&#160;Upon written or oral request,
      the Company will provide, without charge, the documents incorporated by
      reference in Item 3 of Part II of this Registration Statement.&#160;&#160;The
      documents are incorporated by reference in the Section 10(a)
      prospectus.&#160;&#160;The Company will also provide, without charge, upon
      written or oral request, other documents required to be delivered to employees
      pursuant to Rule 428(b).&#160;&#160;Requests for the above-mentioned information
      should be directed to the Company at the address and telephone number on the
      cover of this Registration Statement.</font></div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">3</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>PART
      II</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>INFORMATION
      REQUIRED IN THE REGISTRATION STATEMENT</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">ITEM
      3.&#160;&#160;INCORPORATION OF DOCUMENTS BY REFERENCE</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      following documents, which have been filed with the Commission by the Registrant
      are incorporated by reference into this Registration Statement:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)
      the
      Company's Quarterly Report on Form 10-QSB for the period ended June 30, 2007,
      filed with the Commission on August 15, 2007;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)
      the
      Company's periodic reports on Form 8-K filed with the Commission on July 19,
      2007; August 7, 2007; August 10, 2007; and September 19, 2007; and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)
      the
      Company's Form SB-2 Registration Statement filed with the Commission on November
      17, 2006; and amendments filed on February 6, 2007; March 29, 2007; April 25,
      2007; and May 8, 2007.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
      documents filed or subsequently filed by the Registrant pursuant to Sections
      13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the &#8220;Exchange
      Act&#8221;), prior to filing a post-effective amendment which indicates that all
      securities offered hereby have been sold or which deregisters all securities
      offered hereby then remaining unsold, shall be deemed to be incorporated by
      reference in this Registration Statement and shall be deemed to be part hereof
      from the date of the filing of such documents.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">ITEM
      4.&#160;&#160;DESCRIPTION OF SECURITIES</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Not
      Applicable.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">ITEM
      5.&#160;&#160;INTERESTS OF NAMED EXPERTS AND COUNSEL</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">David
      M.
      Otto of The Otto Law Group, PLLC, which has prepared this Registration Statement
      and the opinion regarding the authorization, issuance and status of the
      securities, as fully-paid and non-assessable, covered by this Registration
      Statement, has represented the Registrant in the past on certain legal matters,
      and is the recipient and beneficial owner of 185,000 securities of the Company
      registered hereunder.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">ITEM
      6.&#160;&#160;INDEMNIFICATION OF DIRECTORS AND OFFICERS</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
      145 of the Delaware General Corporation Law (the &#8220;DGCL&#8221;) provides that a
      corporation may indemnify directors and officers as well as other employees
      and
      individuals against expenses, including attorneys&#8217; fees, judgments, fines and
      amounts paid in settlement, that are incurred in connection with various
      actions, suits or proceedings, whether civil, criminal, administrative or
      investigative other than an action by or in the right of the corporation, known
      as a derivative action, if they acted in good faith and in a manner they
      reasonably believed to be in or not opposed to the best interests of the
      corporation, and, with respect to any criminal action or proceeding, if they
      had
      no reasonable cause to believe their conduct was unlawful. A similar standard
      is
      applicable in the case of derivative actions, except that indemnification only
      extends to expenses, including attorneys&#8217; fees, incurred in connection with the
      defense or settlement of these actions, and the statute requires court approval
      before there can be any indemnification if the person seeking indemnification
      has been found liable to the corporation.&#160;&#160;The statute provides that
      it is not excluding other indemnification that may be granted by a corporation&#8217;s
      bylaws, disinterested director vote, stockholder vote, agreement or
      otherwise.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">ITEM
      7.&#160;&#160;EXEMPTION FROM REGISTRATION CLAIMED</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Not
      Applicable.</font></div>
    <div><br></div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">4</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">ITEM
      8.&#160;&#160;EXHIBITS</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Exhibits required to be filed as part of this Registration Statement are listed
      in the attached Index to Exhibits and incorporated herein by this
      reference.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">ITEM
      9.&#160;&#160;UNDERTAKINGS</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(A)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                undersigned Registrant hereby
                undertakes:</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(1)&#160;&#160;To
      file, during any period in which offers or sales are being made, a
      post-effective amendment to this Registration Statement:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)&#160;&#160;To
      include any prospectus required by Section 10(a)(3) of the Securities
      Act;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)&#160;&#160;To
      reflect in the prospectus any facts or events arising after the effective date
      of this Registration Statement (or the most recent post-effective amendment
      thereof) which, individually or in the aggregate, represent a fundamental change
      in the information set forth in this Registration
      Statement.&#160;&#160;Notwithstanding the foregoing, any increase or decrease in
      volume of securities offered (if the total dollar value of securities offered
      would not exceed that which was registered) and any deviation from the low
      or
      high end of the estimated maximum offering range may be reflected in the form
      of
      prospectus filed with the Commission pursuant to Rule 424(b) if, in the
      aggregate, the changes in volume and price represent no more than a 20 percent
      change in the maximum aggregate offering price set forth in the
&#8220;<em>Calculation&#160;&#160;of&#160;&#160;Registration&#160;&#160;Fee</em>&#8221;
table in this Registration Statement;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)&#160;&#160;To
      include any&#160;&#160;material
      information&#160;&#160;with&#160;&#160;respect&#160;&#160;to&#160;&#160;the&#160;&#160;plan&#160;&#160;of
      distribution&#160;&#160;not&#160;&#160;previously&#160;&#160;disclosed in the
      registration statement or any material change to such information in this
      Registration Statement;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Provided,
      however</em>, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the
      Registration Statement is on Form S-8, and the information required to be
      included in a post-effective amendment by those paragraphs is contained in
      periodic reports filed with or furnished to the Commission by
      the&#160;&#160;Registrant&#160;&#160;pursuant&#160;&#160;to Section 13 or
      Section&#160;&#160;15(d) of the Exchange Act that are incorporated by reference
      in this Registration Statement.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(2)&#160;&#160;That
      for the purpose of determining any liability under the Securities Act, each
      such&#160;&#160;post-effective&#160;&#160;amendment&#160;&#160;shall
      be&#160;&#160;deemed to be a new&#160;&#160;registration statement relating to
      the securities&#160;&#160;offered therein,&#160;&#160;and the offering of such
      securities at that time shall be deemed to be
      the&#160;&#160;initial&#160;&#160;bona fide offering thereof.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(3)&#160;&#160;To
      remove from registration by means of a post-effective amendment any of the
      securities being registered which remain unsold at the termination of the
      offering.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(B)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The&#160;&#160;undersigned
      Registrant&#160;&#160;hereby&#160;&#160;undertakes&#160;&#160;that,&#160;&#160;for&#160;&#160;purposes&#160;&#160;of
      determining&#160;&#160;any&#160;&#160;liability under the Securities Act,
      each&#160;&#160;filing of the Company's annual report pursuant to
      Section&#160;&#160;13(a) or Section 15(d) of the Exchange Act, (and, where
      applicable, each filing of an employee benefit plan's annual report pursuant
      to
      section 15(d) of the Exchange Act) that is incorporated by reference in this
      Registration Statement shall be deemed to be a new registration statement
      relating to the securities offered therein, and the offering of such securities
      at that time shall be deemed to be the initial <em>bona fide</em> offering
      thereof.</font></div>
    <div><br></div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">5</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(C)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;Insofar
      as
      indemnification for liabilities arising under the Securities Act may be
      permitted to directors, officers and controlling persons of the Company pursuant
      to the foregoing provisions, or otherwise, the Company has been advised that
      in
      the opinion of the Commission such indemnification is against public policy
      as
      expressed in the Securities Act and is, therefore, unenforceable.&#160;&#160;In
      the event that a claim for indemnification against such liabilities (other
      than
      the payment by the Company of expenses incurred or paid by a director, officer
      or controlling person of the Company in the successful defense of any action,
      suit or proceeding) is asserted by such director, officer or controlling person
      in connection with the securities being registered, the Company will, unless
      in
      the opinion of its counsel the matter has been settled
      by&#160;&#160;controlling&#160;&#160;precedent, submit to a court of appropriate
      jurisdiction the question of whether such indemnification by it is against
      public policy as expressed in the Securities Act and will be governed by
      the&#160;&#160;final adjudication of such issue.</font></div>
    <div><br></div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">6</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>SIGNATURES</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pursuant
      to the requirements of the Securities Act, the Registrant certifies that it
      has
      reasonable grounds to believe that it meets all of the requirements for filing
      on Form S-8 and has duly caused this Registration Statement on Form S-8 to
      be
      signed on its behalf by the undersigned, thereunto duly authorized, in the
      City
      of Seattle, State of Washington, on the 22<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>nd</sup></font> day of
      October
      2007.</font></div>
    <div><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">MOGUL
                ENERGY INTERNATIONAL, INC.</font></div>
            </td>
            <td valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">/s/
                Naeem Tyab</font></div>
            </td>
            <td valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:&#160;&#160;Naeem
                Tyab</font></div>
            </td>
            <td valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Its:&#160;&#160;President</font></div>
            </td>
            <td valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">7</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
    </div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>INDEX
      TO EXHIBITS</strong></font></div>
    <div><br></div>
    <div align="center">
      <table cellpadding="0" cellspacing="0" width="60%">

          <tr>
            <td valign="middle" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">EXHIBIT
                NUMBER</font></div>
            </td>
            <td valign="middle" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">DESCRIPTION</font></div>
            </td>
            <td align="left" valign="middle" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">LOCATION</font></div>
            </td>
          </tr>
          <tr>
            <td valign="middle" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="middle" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="middle" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr bgcolor="#cceeff">
            <td valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="ex5.htm">5</a></font></div>
            </td>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Opinion
                of the Law Offices of The Otto Law Group, PLLC</font></div>
            </td>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Filed
                herewith.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr bgcolor="#cceeff">
            <td valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">4.1</font></div>
            </td>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">2007
                Stock Incentive Plan</font></div>
            </td>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Filed
                previously on the Company&#8217;s Form 8-K, August 10, 2007.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr bgcolor="#cceeff">
            <td valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="ex10_19.htm">10.19</a></font></div>
            </td>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Engagement
                Agreement between Mogul Energy International, Inc., and The Otto
                Law
                Group, PLLC</font></div>
            </td>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Filed
                herewith.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr bgcolor="#cceeff">
            <td valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="ex10_20.htm">10.20</a></font></div>
            </td>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Consultant
                Agreement between Mogul Energy International, Inc., and Charles
                Flynn</font></div>
            </td>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Filed
                herewith.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr bgcolor="#cceeff">
            <td valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">23.1</font></div>
            </td>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Consent
                of The Otto Law Group, PLLC</font></div>
            </td>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Contained
                in Exhibit 5.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr bgcolor="#cceeff">
            <td valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="ex23_2.htm">23.2</a></font></div>
            </td>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Consent
                of Public Accounting Firm</font></div>
            </td>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Filed
                herewith.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">8</font></div>
    <div>
      <div>
        <hr style="COLOR: black" align="left" noshade size="2" width="100%">
      </div><br></div>
  </body>
</html>
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{"company-data": {"conformed-name": "Mogul Energy International, Inc.", "cik": "0001378195", "assigned-sic": "1311", "irs-number": "980461623", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-146915", "film-number": "071188853"}, "business-address": {"street1": "520 PIKE TOWER, SUITE 2210", "city": "SEATTLE", "state": "WA", "zip": "98101", "phone": "206-357-4220"}, "mail-address": {"street1": "520 PIKE TOWER, SUITE 2210", "city": "SEATTLE", "state": "WA", "zip": "98101"}}
forms8.htm
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington
      D.C. 20549
FORM
      S-8
REGISTRATION
      STATEMENT
Under
THE
      SECURITIES ACT OF 1933
Mogul
      Energy International, Inc.
(Exact
      name of Registrant as specified in charter)
Delaware
980461623
(State
                or other jurisdiction of incorporation)
(I.R.S.
                Employer Identification)
520
                Pike Street, Suite 2210
Seattle,
                Washington
98101
(Address
                of principal executive offices)
(Zip
                Code)
Registrant's
      telephone number, including area code:
(206)
      357-4220
2007
      Stock Incentive Plan of Mogul Energy International, Inc.
Engagement
      Agreement between Mogul Energy International, Inc. and
The
      Otto Law Group, PLLC
Consultant
      Agreement between Mogul Energy International, Inc. and Charles D.
      Flynn
(Full
      Titles of Plans)
The
      Corporation Trust Company
Corporation
      Trust Center
1209
      Orange Street
Wilmington,
      Delaware 19801
(Name
      and
      address of agent for service)
(302)
      658-7581
(Telephone
      number, including area code, of agent for service)
CALCULATION
      OF REGISTRATION FEE
Title
                of Securities to be Registered
Amount
                to be Registered(1)(2)(3)
Proposed
                Offering Price per Share(4)
Maximum
                Aggregate Offering Price(4)
Proposed
                Maximum Amount of Fee(4)
Common
                Stock, $0.001 par value
4,460,000
$0.11
$490,600
$15.06
(1)           The
      2007 Stock Incentive Plan (the "Plan") of Mogul Energy International, Inc. (the
"Company") permits 4,000,000 shares of common stock of the Company to be issued
      to participants under the Plan.  The general nature and purpose of the
      Plan is to provide a means for the Company to continue to attract, motivate
      and
      retain management, key employees, consultants and other independent contractors,
      and to provide these individuals with greater incentive for their service to
      the
      Company by linking their interests in the Company's success with those of the
      Company and its shareholders.  The incentives will be in the form of
      options to purchase shares of the Company's common stock and other awards of the
      Company's common stock.  The Plan qualifies as a Qualified Stock
      Option Plan as defined under IRC Section 422.
(2)           The
      engagement agreement (the "Engagement Agreement") between The Otto Law Group,
      PLLC ("OLG") and the Company provides for legal services to be rendered by OLG
      to the Company on a periodic basis.  The Company has chosen to
      compensate OLG for legal services rendered, in part, by issuing 185,000 shares
      of the Company's common stock to David M. Otto on this Form S-8 registration
      statement.  The general nature and purpose of the Engagement Agreement
      is to provide for legal services for the Company and compensate OLG for said
      legal services.  The Engagement Agreement does not provide for a
      specific term, but remains in effect until terminated by either
      party.  The Engagement Agreement qualifies as an Employee Benefit Plan
      as defined under Rule 405 of Regulation C.
(3)           The
      Consulting Agreement between Charles Flynn and the Company provides for business
      consulting services to be rendered by Charles Flynn to the Company on a periodic
      basis.  The Company has chosen to compensate Charles Flynn for
      services rendered by issuing 275,000 shares of the Company's common stock to
      Charles Flynn.  The shares are registered on this Form S-8
      registration statement.  The Consultant Agreement is for a 3 month
      term, with a 3 month renewable option.  The general nature and purpose
      of the Consultant Agreement is to provide for the Company identification of
      strategic business partners and to develop the Company's business strategy in
      return for compensation to Charles Flynn for said consulting
      services.  The Consultant Agreement qualifies as an Employee Benefit
      Plan as defined under Rule 405 of Regulation C.
(4)           Estimated
      solely for the purposes of determining the registration fee pursuant to Rule
      457.  On October 22, 2007, the fair market value of the Company's
      common stock, determined from the Company's ten-day prior average closing bid
      and ask stock prices on the Over-the-Counter Bulletin Board was $0.11 per
      share.  On this basis, the maximum aggregate offering price for the
      shares registered hereunder is $490,600.  Such is the basis for
      computing the filing fee in accordance with Rule 457(h) and at a rate of the
      aggregate offering price multiplied by 0.0000307.
2
PART
      I
INFORMATION
      REQUIRED IN THE SECTION 10(a) PROSPECTUS
ITEM
      1.  PLAN INFORMATION*
ITEM
      2.  REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL
      INFORMATION*
*
      The
      documents constituting Part I of this Registration Statement will be sent or
      given to participants in the Plan as specified by Rule 428(b)(1) under the
      Securities Act of 1933, as amended (the "Securities Act").  Such
      documents are not filed with the Securities and Exchange Commission (the
"Commission") either as part of this Registration Statement or as prospectuses
      or prospectus supplements pursuant to the note to Part I of Form
      S-8.  These documents and the documents incorporated by reference in
      this Registration Statement pursuant to Item 3 of Part II of this Registration
      Statement, taken together, constitute the prospectus that meets the requirements
      of Section 10(a) of the Securities Act.  Upon written or oral request,
      the Company will provide, without charge, the documents incorporated by
      reference in Item 3 of Part II of this Registration Statement.  The
      documents are incorporated by reference in the Section 10(a)
      prospectus.  The Company will also provide, without charge, upon
      written or oral request, other documents required to be delivered to employees
      pursuant to Rule 428(b).  Requests for the above-mentioned information
      should be directed to the Company at the address and telephone number on the
      cover of this Registration Statement.
3
PART
      II
INFORMATION
      REQUIRED IN THE REGISTRATION STATEMENT
ITEM
      3.  INCORPORATION OF DOCUMENTS BY REFERENCE
The
      following documents, which have been filed with the Commission by the Registrant
      are incorporated by reference into this Registration Statement:
(i)
      the
      Company's Quarterly Report on Form 10-QSB for the period ended June 30, 2007,
      filed with the Commission on August 15, 2007;
(ii)
      the
      Company's periodic reports on Form 8-K filed with the Commission on July 19,
      2007; August 7, 2007; August 10, 2007; and September 19, 2007; and
(iii)
      the
      Company's Form SB-2 Registration Statement filed with the Commission on November
      17, 2006; and amendments filed on February 6, 2007; March 29, 2007; April 25,
      2007; and May 8, 2007.
All
      documents filed or subsequently filed by the Registrant pursuant to Sections
      13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the "Exchange
      Act"), prior to filing a post-effective amendment which indicates that all
      securities offered hereby have been sold or which deregisters all securities
      offered hereby then remaining unsold, shall be deemed to be incorporated by
      reference in this Registration Statement and shall be deemed to be part hereof
      from the date of the filing of such documents.
ITEM
      4.  DESCRIPTION OF SECURITIES
Not
      Applicable.
ITEM
      5.  INTERESTS OF NAMED EXPERTS AND COUNSEL
David
      M.
      Otto of The Otto Law Group, PLLC, which has prepared this Registration Statement
      and the opinion regarding the authorization, issuance and status of the
      securities, as fully-paid and non-assessable, covered by this Registration
      Statement, has represented the Registrant in the past on certain legal matters,
      and is the recipient and beneficial owner of 185,000 securities of the Company
      registered hereunder.
ITEM
      6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section
      145 of the Delaware General Corporation Law (the "DGCL") provides that a
      corporation may indemnify directors and officers as well as other employees
      and
      individuals against expenses, including attorneys' fees, judgments, fines and
      amounts paid in settlement, that are incurred in connection with various
      actions, suits or proceedings, whether civil, criminal, administrative or
      investigative other than an action by or in the right of the corporation, known
      as a derivative action, if they acted in good faith and in a manner they
      reasonably believed to be in or not opposed to the best interests of the
      corporation, and, with respect to any criminal action or proceeding, if they
      had
      no reasonable cause to believe their conduct was unlawful. A similar standard
      is
      applicable in the case of derivative actions, except that indemnification only
      extends to expenses, including attorneys' fees, incurred in connection with the
      defense or settlement of these actions, and the statute requires court approval
      before there can be any indemnification if the person seeking indemnification
      has been found liable to the corporation.  The statute provides that
      it is not excluding other indemnification that may be granted by a corporation's
      bylaws, disinterested director vote, stockholder vote, agreement or
      otherwise.
ITEM
      7.  EXEMPTION FROM REGISTRATION CLAIMED
Not
      Applicable.
4
ITEM
      8.  EXHIBITS
The
      Exhibits required to be filed as part of this Registration Statement are listed
      in the attached Index to Exhibits and incorporated herein by this
      reference.
ITEM
      9.  UNDERTAKINGS
(A)
The
                undersigned Registrant hereby
                undertakes:
(1)  To
      file, during any period in which offers or sales are being made, a
      post-effective amendment to this Registration Statement:
(i)  To
      include any prospectus required by Section 10(a)(3) of the Securities
      Act;
(ii)  To
      reflect in the prospectus any facts or events arising after the effective date
      of this Registration Statement (or the most recent post-effective amendment
      thereof) which, individually or in the aggregate, represent a fundamental change
      in the information set forth in this Registration
      Statement.  Notwithstanding the foregoing, any increase or decrease in
      volume of securities offered (if the total dollar value of securities offered
      would not exceed that which was registered) and any deviation from the low
      or
      high end of the estimated maximum offering range may be reflected in the form
      of
      prospectus filed with the Commission pursuant to Rule 424(b) if, in the
      aggregate, the changes in volume and price represent no more than a 20 percent
      change in the maximum aggregate offering price set forth in the
"
Calculation  of  Registration  Fee
"
table in this Registration Statement;
(iii)  To
      include any  material
      information  with  respect  to  the  plan  of
      distribution  not  previously  disclosed in the
      registration statement or any material change to such information in this
      Registration Statement;
Provided,
      however
, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the
      Registration Statement is on Form S-8, and the information required to be
      included in a post-effective amendment by those paragraphs is contained in
      periodic reports filed with or furnished to the Commission by
      the  Registrant  pursuant  to Section 13 or
      Section  15(d) of the Exchange Act that are incorporated by reference
      in this Registration Statement.
(2)  That
      for the purpose of determining any liability under the Securities Act, each
      such  post-effective  amendment  shall
      be  deemed to be a new  registration statement relating to
      the securities  offered therein,  and the offering of such
      securities at that time shall be deemed to be
      the  initial  bona fide offering thereof.
(3)  To
      remove from registration by means of a post-effective amendment any of the
      securities being registered which remain unsold at the termination of the
      offering.
(B)           The  undersigned
      Registrant  hereby  undertakes  that,  for  purposes  of
      determining  any  liability under the Securities Act,
      each  filing of the Company's annual report pursuant to
      Section  13(a) or Section 15(d) of the Exchange Act, (and, where
      applicable, each filing of an employee benefit plan's annual report pursuant
      to
      section 15(d) of the Exchange Act) that is incorporated by reference in this
      Registration Statement shall be deemed to be a new registration statement
      relating to the securities offered therein, and the offering of such securities
      at that time shall be deemed to be the initial
bona fide
offering
      thereof.
5
(C)
Insofar
      as
      indemnification for liabilities arising under the Securities Act may be
      permitted to directors, officers and controlling persons of the Company pursuant
      to the foregoing provisions, or otherwise, the Company has been advised that
      in
      the opinion of the Commission such indemnification is against public policy
      as
      expressed in the Securities Act and is, therefore, unenforceable.  In
      the event that a claim for indemnification against such liabilities (other
      than
      the payment by the Company of expenses incurred or paid by a director, officer
      or controlling person of the Company in the successful defense of any action,
      suit or proceeding) is asserted by such director, officer or controlling person
      in connection with the securities being registered, the Company will, unless
      in
      the opinion of its counsel the matter has been settled
      by  controlling  precedent, submit to a court of appropriate
      jurisdiction the question of whether such indemnification by it is against
      public policy as expressed in the Securities Act and will be governed by
      the  final adjudication of such issue.
6
SIGNATURES
Pursuant
      to the requirements of the Securities Act, the Registrant certifies that it
      has
      reasonable grounds to believe that it meets all of the requirements for filing
      on Form S-8 and has duly caused this Registration Statement on Form S-8 to
      be
      signed on its behalf by the undersigned, thereunto duly authorized, in the
      City
      of Seattle, State of Washington, on the 22
nd
day of
      October
      2007.
MOGUL
                ENERGY INTERNATIONAL, INC.
/s/
                Naeem Tyab
By:  Naeem
                Tyab
Its:  President
7
INDEX
      TO EXHIBITS
EXHIBIT
                NUMBER
DESCRIPTION
LOCATION
5
Opinion
                of the Law Offices of The Otto Law Group, PLLC
Filed
                herewith.
4.1
2007
                Stock Incentive Plan
Filed
                previously on the Company's Form 8-K, August 10, 2007.
10.19
Engagement
                Agreement between Mogul Energy International, Inc., and The Otto
                Law
                Group, PLLC
Filed
                herewith.
10.20
Consultant
                Agreement between Mogul Energy International, Inc., and Charles
                Flynn
Filed
                herewith.
23.1
Consent
                of The Otto Law Group, PLLC
Contained
                in Exhibit 5.
23.2
Consent
                of Public Accounting Firm
Filed
                herewith.
8