Mogul Energy International, Inc. Announces Corporate Update 1

HOUSTON, TX – Mogul Energy International, Inc. (OTC: MGUY), an independent oil and gas exploration Company established to take advantage of low cost acquisition opportunities near other producing and proven oil fields. Since our formation, we have engaged in activities related to financing of our operations, the acquisition of our property rights and the drilling of both development and exploratory wells, would like to update shareholders on its recent achievements and upcoming events.

To date:

• Mogul Energy International, Inc. is in good standing with the state of Delaware.
• The company OTCIQ application was accepted and application fee has been paid
• Key management has been announced
• Nicholas Thiele (CEO)

Nicholas Thiele, CEO, stated, “By the end of May when we have completed the OTCIQ application process, our shareholders will get a much clearer picture as to the vision of our company. We want to be very transparent with our shareholders at every step of the process as we transitioned from the old business to the new one.”

Over the next 30 days, we hope to:

• Finalize OTCIQ application and bring company’s disclosure statements current, thus removing the stop sign.
• Secure permanent office location

About Mogul Energy International, Inc. (OTC: MGUY)

Mogul Energy International, Inc. (OTC: MGUY), an independent oil and gas exploration Company established to take advantage of low cost acquisition opportunities near other producing and proven oil fields. Since our formation, we have engaged in activities related to financing of our operations, the acquisition of our property rights and the drilling of both development and exploratory wells. 

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov and in OTC Markets at www.otcmarkets.com

Investor Relations Contact

Nicholas Thiele
nicholas.t@lucidianpartners.com 

Media Contact
Company Name: Mogul Energy International, Inc. (OTC: MGUY)
Contact Person: Nicholas J Thiele
Email: Send Email
City: Houston
State: Texas
Country: United States
Website: https://www.linkedin.com/company/mogul-energy-international-seattle-wa/about/