Mogul Energy International, Inc.

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(No Transcript)
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Forward Looking Statements
This presentation contains forward-looking
statements within the meaning of the U.S.
securities law, which are based on managements
current expectations and assumptions concerning
future events based on information currently
available.  You are cautioned not to put undue
reliance on such statements, which are not a
guarantee of performance and are subject to a
number of uncertainties and other factors outside
of the Companys control, and which could cause
actual results to differ materially from such
statements.  For a more information, please refer
to the Companys filings with the U.S. Securities
and Exchange Commission.
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Mogul Energy
International

• Mogul Energy is an oil and gas exploration
  company, listed under the symbol MGUY on the
  OTC Bulletin Board.
• Also listed on the Frankfurt Exchange under
  symbol BKX.
• The Company currently holds properties in the
  Gulf of Suez, Egypt and in South East
  Saskatchewan, Canada.

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Investor Highlights

• Early stage opportunity, attractive valuation.
• Short term to preliminary drilling results.
• Mogul has recently entered into an LOI with Sea
  Dragon Energy to increase its working interest
  in the East Wadi Araba Concession from 20 to
  60
• Mogul owns 100 of the Fairlight Project
  in SE Saskatchewan, Canada.
• The Company has an experienced management
  team key exploration members have operated in
  Egypt and Canada for over 30 years, with a
  strong local partners.
• Most of the technical work in Egypt is already
  done . Seismic interpreted to identify 6
  prospects, with an additional 5 prospects
  also being reviewed.

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Management
Experienced Management Team

• Naeem Tyab - President
• Sohail Kiani - Vice
  President
• Ernie Pratt, MSc., P Geol - Director
• Robert Mussehl - Director
• Sean Malcolm - General Counsel
• M. Ijaz Khan - Treasurer

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Management Upon Completion of Business
Combination

• David Thompson - CEO
• Naeem Tyab - President
• Ernie Pratt, MSc., P Geol - Director
• Dr. Barry Wood - Director
• Ahmed Moaaz - Country Manager
• Sean Malcolm - General Counsel
• Jeff Ratcliffe - CFO

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Operating Partners
Canada SE Saskatchewan

• Operated 100 by Mogul

Egypt

• Dover Investments Ltd.
• Sea Dragon Energy Inc.

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Company Niche
Acquiring highly prospective properties in areas
that have

• Proximity to producing fields
• Infrastructure in place
• Low exploration costs
• Low extraction costs

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Properties
South East Saskatchewan, Canada

• Fairlight Project
• 100 Working Interest
• 9,300 acres

Gulf of Suez, Egypt

• East Wadi Araba Concession
• 20 Working Interest
• 72,000 acres

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Saskatchewan Oil Industry

• Canada is the 1 supplier of oil to the US
• Saskatchewan is the 2nd largest producer of oil
  in Canada
• Saskatchewan primarily produces light oil

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Saskatchewan Drill Program

• Each well will test shallow reservoirs such as
  Bakken, Torquay, Bird Bear and Souris
• Production from each reservoir may produce 25-50
  BOPD
• Between 500,000 to 1,000,000 barrels recoverable
  light oil reserves per reservoir

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Egypt Oil Industry

• Began oil production in 1910.
• Egyptian government pays all taxes out of their
  profit share and under US- Egyptian tax
  treaties, this will
• eliminate US tax on profits
• from concession interests.
• Gulf of Suez, Egypt is one of the worlds most
  stable and largest, oil producing regions.

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Companies Operating in Egypt
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EWA Concession Partners

• Mogul Energy 20 Working Interest
• Sea Dragon 40 Working Interest
• TransPacific 25 Carried Interest
• Dover 15 Carried Interest
• For first 3 wells Mogul Energy pays 33.33 of
  all costs for 20
• For first 3 wells Sea Dragon pays 66.66 of all
  costs for 40
• Current operator Dover owns and operates two
  other concessions in Egypt and employs 230 staff.

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Gulf of Suez EWA Concession

• EWA covers 295 sq km approx. 72,772 acres of
  mainly shallow water.
• Upside potential from 11 undrilled prospects.
• Depth is approx. 5,000 ft.
• EWA is west of the Warda Field which has produced
  over 50 mmbls since 1994 with an estimated
  additional 15 mmbls of reserves.
• EWA is just north of Rally Energys 20,000 acre
  Issaran heavy oil field which produces approx.
  7,150/ bopd.

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Gulf of Suez EWA Concession

• In September 2006 the adjacent concession owned
  by Arabian Oil Company (AOC) announced a
  discovery with reserves that will enable the
  production of 4,900 BOPD.
• In April 2007 IPR/OVL announced a discovery on
  their first well in their Ramadan concession that
  produced 2,979 BOPD of 36.5 API.
• Fixed operating costs estimated at 10,000 per
  well per month plus variable costs of 1.00/STB
  for oil processing.
• Oil production easily brought to market as EWA
  is located in an area with extensive
  infrastructure already in place.

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EWA Concession - Development

• 2D seismic data completed and being interpreted
  to determine all additional prospects.
• Further seismic to be acquired and processed as
  part of review of additional prospects.
• Mogul Energys first well, EWA 4X, is directly
  west of the Warda Field, which is filled to spill
  point, north of Rally, west of BP and South of
  Dana Gas.

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EWA Concession Prospects

• EWA 4X NE DAHAB
• N EWA 4 N DAHAB
• NE BB80 S DAHAB
• EWA concession has 6 defined prospects that
  EACH have the potential for 5 wells producing a
  combined 15,000 BOPD, with 5 additional prospects
  being reviewed.
• The geological probability of success of
  the prospects is approximately 30.

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Fiscal Terms EWA Concession

• Cost Recovery Petroleum 30 percent excess to
  profit split
• Production Sharing
• Crude Oil, Gas, and LPG EGPC
  Contractor
• Up to 25,000 BOPD 75
  25
• In excess of 25,000 BOPD 80
  20
• Recovery of Exploration Expenditures 25
  annually
• Recovery of Development Expenditures 25
  annually
• Recovery of Operating Expenditures in the
  quarter expended
• Mogul entitled to 20 share of historic 8
  Million cost recovery pool

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East Wadi Araba Chapman Report

• Gulf of Suez 30 success ratio
• EWA has 6 defined prospects that each have the
  capacity for 5 wells producing a combined 15,000
  BOPD with an additional 5 prospects currently
  being reviewed
• EWA - potential for 10 commercial oil discoveries
  that may produce in the range of 300 million
  barrels
• Source The Charlie Chapman Report dated April
  1, 2007

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EWA 4X Drilling Location
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East Wadi Araba Drill Program
Best Estimate - Initial 5 Prospects

EWA BB
DAHAB DAHAB DAHAB TOTALS
Prospect Unit 4X NE
NE N S OOIP
MMSTB 59.2 56.4 268.0 141.0
56.4 581.0 Recovery
Factor
30 30 30
25 25 27.5 Recoverable OIP
17.7 16.9
67.0 32.2 14.1
147.9 Medium Estimate
from report prepared by Chapman Petroleum
Engineering EWA
Concession has an additional 5 prospects under
review
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Strategy - Canada

• Conduct expanded seismic studies and review of
  the Fairlight properties in SE Saskatchewan -
  500,000
• Plan to drill exploratory wells in early 2008
• Wells are shallow and relatively inexpensive

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Strategy - Egypt

• Explore and develop EWA Concession to optimize
  value.
• Continue with drill program of EWA 4X well until
  we have reached target depth to determine whether
  structure is filled with oil as anticipated.
• Current financing will fund the cost for the 2nd
  wells
• The Company's future plans are to drill offshore
  prospects including NE Dahab, N Dahab and S
  Dahab.
• Mogul also plans to acquire additional
  concessions within Egypt and North Africa.

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Capitalization
The current capital structure is
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Contact Us
Mogul Energy International, Inc. 520
Pike Street, Suite 2210 Seattle,
Washington 98101 Telephone (206)
357-4220 Facsimile (206)
357-4211 President Naeem Tyab Email
naeem_at_mogulenergy.com
www.mogulenergy.com Symbol MGUY (OTCBB)