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**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-QSB**

x        QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES

**September 30, 2007**

|  SYNTHENOL                INC.                                                  |
|--------------------------------------------------------------------------------------|
|                                                                                 |
| (Exact                name of registrant as specified in its                charter) |

| Florida                                                                       |   | 000-29219                               |   | 98-0199508                                       |
|-------------------------------------------------------------------------------|--------|-----------------------------------------|--------|--------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) |   | (Commission                File Number) |   | (IRS                Employer Identification No.) |

| Suite                206 – 388 Drake StreetVancouver,                British Columbia, Canada |   | V6B                6A8    |
|-----------------------------------------------------------------------------------------------------|--------|---------------------------|
| (Address                of principal executive offices)                                             |   | (Zip                Code) |

| Issuer’s                telephone number |   | (604)                648-2090 |
|------------------------------------------------|--------|-------------------------------|

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**APPLICABLE      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY**

**PROCEEDINGS      DURING THE PRECEDING FIVE YEARS**

**APPLICABLE      ONLY TO CORPORATE ISSUERS**

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**SYNTHENOL      INC.**

**FORM      10-QSB**

**PART      I – FINANCIAL INFORMATION**

| **Item                  1.**                           | **FINANCIAL                  STATEMENTS**                                                             |   |
|--------------------------------------------------------|-------------------------------------------------------------------------------------------------------|--------|
|                                                   |                                                                                                  |   |
|                                                   | Consolidated                  Balance Sheets                                                          | 5      |
|                                                   |                                                                                                  |   |
|                                                   | Consolidated                  Statements of Operations                                                | 6      |
|                                                   |                                                                                                  |   |
|                                                   | Consolidated                  Statements of Cash Flows                                                | 7      |
|                                                   |                                                                                                  |   |
|                                                   | Consolidated                  Statement of Stockholders’                  Deficit               | 9      |
|                                                   |                                                                                                  |   |
|                                                   | Notes                  to Consolidated Financial                  Statements                          | 10     |
|                                                   |                                                                                                  |   |
| **Item                  2.**                           | **MANAGEMENT’S                  DISCUSSION AND ANALYSIS OR PLAN OF                  OPERATION** | 13     |
|                                                   |                                                                                                  |   |
| **Item                  3.**                           | **CONTROLS                  AND PROCEDURES**                                                          | 14     |
|                                                   |                                                                                                  |   |
|                                                   |                                                                                                  |   |
| **PART                  II – OTHER INFORMATION** |                                                                                                  |
|                                                   |                                                                                                  |   |
|                                                   |                                                                                                  |   |
| **Item                  1.**                           | **LEGAL                  PROCEEDINGS**                                                                | 14     |
|                                                   |                                                                                                  |   |
| **Item                  2.**                           | **UNREGISTERED                  SALES OF EQUITY SECURITIES AND USE OF                  PROCEEDS**     | 14     |
|                                                   |                                                                                                  |   |
| **Item                  3.**                           | **DEFAULTS                  UPON SENIOR SECURITIES**                                                  | 14     |
|                                                   |                                                                                                  |   |
| **Item                  4.**                           | **SUBMISSION                  OF MATTERS TO A VOTE OF SECURITY                  HOLDERS**             | 14     |
|                                                   |                                                                                                  |   |
| **Item                  5.**                           | **OTHER                  INFORMATION**                                                                | 14     |
|                                                   |                                                                                                  |   |
| **Item                  6.**                           | **EXHIBITS                  AND REPORTS ON FORM 8-K**                                                 | 14     |

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*Table            of Contents*

**Item      1.                 FINANCIAL      STATEMENTS**

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*Table            of Contents*

| ASSETS                                                                                                                                                                                                    |   | September                  30, |       |   | December                  31, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|------------|--------|-------------------------------|--------|
|                                                                                                                                                                                                      |   | 2007                           |       |   | 2006                          |   |
|                                                                                                                                                                                                      |   | Unaudited                      |       |   |                          |   |
| Current                  assets                                                                                                                                                                           |   |                           |       |   |                          |   |
| Cash                                                                                                                                                                                                      |   | $                              | 4,746      |   |                          | $      | 13,462 |   |
|                                                                                                                                                                                                      |   |                           |       |   |                          |   |   |   |
|                                                                                                                                                                                                      |   | $                              | 4,746      |   |                          | $      | 13,462 |   |
|  LIABILITIES                  AND STOCKHOLDERS’ DEFICIT                                                                                                                                        |   |                           |       |   |                          |   |   |   |
|                                                                                                                                                                                                      |   |                           |       |   |                          |   |   |   |
|                                                                                                                                                                                                      |   |                           |       |   |                          |   |   |   |
| Current                  liabilities                                                                                                                                                                      |   |                           |       |   |                          |   |   |   |
| Accounts                  payable and accrued                  liabilities (Note 4)                                                                                                                       |   | $                              | 123,155    |   |                          | $      | 118,577 |   |
| Notes                  payable (Note                  3)                                                                                                                                                  |   |                           | 221,050    |   |                          |   | 107,431 |   |
|                                                                                                                                                                                                      |   |                           |       |   |                          |   |   |   |
|                                                                                                                                                                                                      |   |                           | 344,205    |   |                          |   | 226,008 |   |
|                                                                                                                                                                                                      |   |                           |       |   |                          |   |   |   |
| Capital                  stock                                                                                                                                                                            |   |                           |       |   |                          |   |   |   |
| Preferred                  stock; $0.01 par                  value, 5,000,000 shares authorized, no                  shares issued or outstanding                                                         |   |                           |       |   |                          |   |   |   |
| Common                  stock; $0.01 par value,                  100,000,000 shares authorized, 731,521                  (December 31, 2006: 731,521) shares issued                  and outstanding |   |                           |       |   |                          |   |   |   |
|                                                                                                                                                                                                      |   |                           | 7,315      |   |                          |   | 7,315 |   |
| Treasury                  stock, at cost, 540 shares (December 31, 2006: 540)                                                                                                                        |   |                           | (270       | )      |                          |   | (270 | ) |
| Additional                  paid-in capital                                                                                                                                                               |   |                           | 1,953,614  |   |                          |   | 1,953,614 |   |
| Accumulated                  other comprehensive income                                                                                                                                                   |   |                           | 1,767      |   |                          |   | 18,604 |   |
| Deficit                                                                                                                                                                                                   |   |                           | (1,305,454 | )      |                          |   | (1,305,454 | ) |
| Deficit                  accumulated during the development stage                                                                                                                                         |   |                           | (996,431   | )      |                          |   | (886,355 | ) |
|                                                                                                                                                                                                      |   |                           |       |   |                          |   |   |   |
|                                                                                                                                                                                                      |   |                           | (339,459   | )      |                          |   | (212,546 | ) |
|                                                                                                                                                                                                      |   |                           |       |   |                          |   |   |   |
|                                                                                                                                                                                                      |   | $                              | 4,746      |   |                          | $      | 13,462 |   |
|                                                                                                                                                                                                      |   |                           |       |   |                          |   |   |   |

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*Table            of Contents*

|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   | January                1,    |    |
|------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|---------|--------|----------------------------------|--------|---------|------------------------------|--------|--------|----------|--------|--------|------------------------------|---------|
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   | 2004                (Date of |    |
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   | inception                of  |    |
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   | development                  |    |
|                                                                                                       |   | Three                months ended |    |   | Nine                months ended |   |    | stage)                to     |   |
|                                                                                                       |   | September                30,      |    |   | September                30,     |   |    | September                30, |   |
|                                                                                                       |   | 2007                              |    |   | 2006                             |   |    | 2007                         |   |   | 2006     |   |   | 2007                         |    |
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   |                         |    |
| General                and Administrative Expenses                                                         |   |                              |    |   |                             |   |    |                         |   |   |     |   |   |                         |    |
| Amortization                                                                                               |   | $                                 | -       |   |                             | $      | -       |                         |   | $      | -        |   |   | $                            | -       |   |   | $ | 27,077 |   |
| Bad                debt                                                                                    |   |                              | -       |   |                             |   | -       |                         |   |   | -        |   |   |                         | 476     |   |   |   | 525 |   |
| Corporation                promotion                                                                       |   |                              | -       |   |                             |   | -       |                         |   |   | -        |   |   |                         | 68      |   |   |   | 13,920 |   |
| Insurance                                                                                                  |   |                              | -       |   |                             |   | -       |                         |   |   | -        |   |   |                         | -       |   |   |   | 15,901 |   |
| Management                and consulting                fees                                               |   |                              | 26,850  |   |                             |   | 6,480   |                         |   |   | 78,764   |   |   |                         | 14,007  |   |   |   | 193,622 |   |
| Office                supplies and                services                                                 |   |                              | 4,739   |   |                             |   | 1,849   |                         |   |   | 14,004   |   |   |                         | 5,899   |   |   |   | 61,414 |   |
| Professional                fees                                                                           |   |                              | 2,602   |   |                             |   | 7,356   |                         |   |   | 17,308   |   |   |                         | 24,418  |   |   |   | 225,027 |   |
| Rent                                                                                                       |   |                              | -       |   |                             |   | -       |                         |   |   | -        |   |   |                         | 367     |   |   |   | 16,311 |   |
| Wages                                                                                                      |   |                              | -       |   |                             |   | -       |                         |   |   | -        |   |   |                         | -       |   |   |   | 84,258 |   |
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   |                         |    |   |   |   |   |   |
| Loss                before other items                                                                     |   |                              | (34,191 | )      |                             |   | (15,685 | )                            |   |   | (110,076 | )      |   |                         | (45,235 | ) |   |   | (638,055 | ) |
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   |                         |    |   |   |   |   |   |
| Other                items                                                                                 |   |                              |    |   |                             |   |    |                         |   |   |     |   |   |                         |    |   |   |   |   |   |
| Loss                on disposition of                equipment                                             |   |                              | -       |   |                             |   | -       |                         |   |   | -        |   |   |                         | -       |   |   |   | (15,028 | ) |
| Write-down                of intangible                assets                                              |   |                              | -       |   |                             |   | -       |                         |   |   | -        |   |   |                         | -       |   |   |   | (50,001 | ) |
| Write-off                of notes                payable                                                   |   |                              | -       |   |                             |   | -       |                         |   |   | -        |   |   |                         | -       |   |   |   | 14,823 |   |
| Gain                on settlement of                lawsuit                                                |   |                              | -       |   |                             |   | -       |                         |   |   | -        |   |   |                         | -       |   |   |   | 44,445 |   |
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   |                         |    |   |   |   |   |   |
| Loss                from continuing operations                                                             |   |                              | (34,191 | )      |                             |   | (15,685 | )                            |   |   | (110,076 | )      |   |                         | (45,235 | ) |   |   | (643,816 | ) |
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   |                         |    |   |   |   |   |   |
| Operating                income (loss) from discontinued operations                                        |   |                              | -       |   |                             |   | -       |                         |   |   | -        |   |   |                         | 22      |   |   |   | (382,299 | ) |
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   |                         |    |   |   |   |   |   |
| Gain                on sale of discontinued operations                                                     |   |                              | -       |   |                             |   | -       |                         |   |   | -        |   |   |                         | 29,684  |   |   |   | 29,684 |   |
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   |                         |    |   |   |   |   |   |
| Net                Income (loss)                                                                           |   | $                                 | (34,191 | )      |                             | $      | (15,685 | )                            |   | $      | (110,076 | )      |   | $                            | (15,529 | ) |   | $ | (996,431 | ) |
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   |                         |    |   |   |   |   |   |
| Basic                and diluted loss per share                                                            |   | $                                 | (0.05   | )      |                             | $      | (0.02   | )                            |   | $      | (0.15    | )      |   | $                            | (0.02   | ) |   |   |   |   |
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   |                         |    |   |   |   |   |   |
| Weighted                average number of shares Outstanding                – basic and diluted |   |                              | 731,521 |   |                             |   | 731,521 |                         |   |   | 731,521  |   |   |                         | 728,087 |   |   |   |   |   |
|                                                                                                       |   |                              |    |   |                             |   |    |                         |   |   |     |   |   |                         |    |   |   |   |   |   |

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*Table            of Contents*

|                                                                                                         |   | Nine                  months endedSeptember                  30, |     |   | January                    1, 2004 (Date of                    inception of development                    stage) to |   |
|--------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------|----------|--------|----------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                         |   | 2007                                                             |     |   | 2006                                                                                                                 |   |   |  September30,                2007 |   |
| Cash                Flows from Operating Activities                                                          |   |                                                             |     |   |                                                                                                                 |   |   |   |   |
|  Loss                from continuing                operations                                          |   | $                                                                | (110,076 | )      |                                                                                                                 | $      | (45,235 | ) |   | $ | (643,816 | ) |
| Add                (deduct) items not                affecting cash:                                         |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
| Amortization                                                                                                 |   |                                                             | -        |   |                                                                                                                 |   | - |   |   |   | 27,077 |   |
| Issuance                of common stock for                services                                          |   |                                                             | -        |   |                                                                                                                 |   | - |   |   |   | 1,000 |   |
| Stock-based                compensation                                                                      |   |                                                             | -        |   |                                                                                                                 |   | - |   |   |   | 4,460 |   |
| Loss                on disposition of                equipment                                               |   |                                                             | -        |   |                                                                                                                 |   | - |   |   |   | 225,184 |   |
| Write-down                of intangible                assets                                                |   |                                                             | -        |   |                                                                                                                 |   | - |   |   |   | 360,001 |   |
| Write-off                of notes                payable                                                     |   |                                                             | -        |   |                                                                                                                 |   | - |   |   |   | (18,729 | ) |
| Gain                on settlement of                lawsuit                                                  |   |                                                             | -        |   |                                                                                                                 |   | - |   |   |   | (44,445 | ) |
|           Accrued                interest on notes payable |   |                                                             | 83,619   |   |                                                                                                                 |   | 3,527 |   |   |   | 89,212 |   |
| Changes                in non-cash working                capital items:                                     |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
| Amounts                receivable                                                                            |   |                                                             | -        |   |                                                                                                                 |   | 2,250 |   |   |   | - |   |
| Accounts                payable and accrued                liabilities                                       |   |                                                             | 4,578    |   |                                                                                                                 |   | (26,054 | ) |   |   | 123,155 |   |
|                                                                                                         |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
| Cash                provided by (used in) continuing operations                                              |   |                                                             | (21,879  | )      |                                                                                                                 |   | (65,512 | ) |   |   | 123,099 |   |
| Discontinued                operations                                                                       |   |                                                             | -        |   |                                                                                                                 |   | 29,705 |   |   |   | (553,150 | ) |
|                                                                                                         |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
| Net                cash used in operating activities                                                         |   |                                                             | (21,879  | )      |                                                                                                                 |   | (35,807 | ) |   |   | (430,051 | ) |
|                                                                                                         |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
| Cash                Flows from Investing Activities                                                          |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
|       Proceeds                from sale of subsidiary                          |   |                                                             | -        |   |                                                                                                                 |   | 1 |   |   |   | 1 |   |
| Proceeds                from assets                disposition                                               |   |                                                             | -        |   |                                                                                                                 |   | - |   |   |   | 5,458 |   |
| Purchase                of                equipment                                                          |   |                                                             | -        |   |                                                                                                                 |   | - |   |   |   | (5,808 | ) |
| Net                cash provided by (used in) investing activities                                           |   |                                                             | -        |   |                                                                                                                 |   | 1 |   |   |   | (349 | ) |
|                                                                                                         |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
| Cash                Flows from Financing Activities                                                          |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
| Proceeds                from (repayments of)                notes payable                                    |   |                                                             | 30,000   |   |                                                                                                                 |   | 35,000 |   |   |   | 243,614 |   |
| Proceeds                from issuance of                common stock                                         |   |                                                             | -        |   |                                                                                                                 |   | - |   |   |   | 1,000 |   |
|                                                                                                         |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
| Net                cash provided by financing activities                                                     |   |                                                             | 30,000   |   |                                                                                                                 |   | 35,000 |   |   |   | 244,614 |   |
|                                                                                                         |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
| Effect                of exchange rate changes on cash                                                       |   |                                                             | (16,837  | )      |                                                                                                                 |   | (1,191 | ) |   |   | (18,985 | ) |
|                                                                                                         |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
| Net                decrease in cash from continuing operations                                               |   |                                                             | (8,716   | )      |                                                                                                                 |   | (1,997 | ) |   |   | (204,771 | ) |
|                                                                                                         |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
| Cash,                beginning                                                                               |   |                                                             | 13,462   |   |                                                                                                                 |   | 6,765 |   |   |   | 209,517 |   |
|                                                                                                         |   |                                                             |     |   |                                                                                                                 |   |   |   |   |   |   |   |
| Cash,                ending                                                                                  |   | $                                                                | 4,746    |   |                                                                                                                 | $      | 4,768 |   |   | $ | 4,746 |   |

----

*Table          of Contents*

|                                                                                                                            |   | Nine                  months endedSeptember                  30, |   |   | January                    1, 2004 (Dateof                    inception ofdevelopment                    stage) to |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                            |   | 2007                                                             |   |   | 2006                                                                                                               |   |   | September                30, 2007 |   |
|                                                                                                                            |   |                                                             |   |   |                                                                                                               |   |   |   |   |
|                                                                                                                            |   |                                                             |   |   |                                                                                                               |   |   |   |   |
| Supplemental                Disclosure of Cash Flow Information and Non-cash Investing and Financing                Activities: |   |                                                             |   |   |                                                                                                               |   |   |   |   |
| Cash                paid for:                                                                                                   |   |                                                             |   |   |                                                                                                               |   |   |   |   |
|           Interest                                                            |   | $                                                                | -      |   |                                                                                                               | $      | - |   |   | $ | - |   |
|           Income                taxes (recovery)                              |   | $                                                                | -      |   |                                                                                                               | $      | - |   |   | $ | (3,934 | ) |
|                                                                                                                            |   |                                                             |   |   |                                                                                                               |   |   |   |   |   |   |   |
| Common                shares issued to settle                notes payable                                                      |   | $                                                                | -      |   |                                                                                                               | $      | 25,000 |   |   | $ | 25,000 |   |
|                                                                                                                            |   |                                                             |   |   |                                                                                                               |   |   |   |   |   |   |   |
|                                                                                                                            |   |                                                             |   |   |                                                                                                               |   |   |   |   |   |   |   |
|                                                                                                                            |   |                                                             |   |   |                                                                                                               |   |   |   |   |   |   |   |

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*Table            of Contents*

|                                                                         |   |                         |    |   |     |   |   |       |   |   |          |   |   |        |      |   |                      |   |    | Deficit     |   |   |       |   |
|------------------------------------------------------------------------------|--------|------------------------------|---------|--------|----------|--------|--------|------------|--------|--------|---------------|--------|--------|-------------|-----------|--------|---------------------------|--------|---------|-------------|--------|--------|------------|--------|
|                                                                         |   |                         |    |   |     |   |   |       |   |   |          |   |   | Accumulated |      |   |                      |   |    | Accumulated |   |   |       |   |
|                                                                         |   |                         |    |   |     |   |   | Additional |   |   | Other         |   |   |        |      |   | During                the |   |    |        |   |
|                                                                         |   | Common                Shares |    |   | Treasury |   |   | Paid-in    |   |   | Comprehensive |   |   |        |      |   | Development               |   |    |        |   |
|                                                                         |   | Number                       |    |   | Amount   |   |   | Stock      |   |   | Capital       |   |   | Income      |      |   | Deficit                   |   |    | Stage       |   |   | Total      |   |
| Balance                at December 31, 2005                                  |   |                         | 681,521 |   |     | $      | 6,815  |       |   | $      | (270          | )      |   | $           | 1,929,114 |   |                      | $      | 18,041  |        |   | $      | (1,305,454 | )      |   | $ | (849,780 | ) |   | $ | (201,534 | ) |
| Net                loss                                                      |   |                         | -       |   |     |   | -      |       |   |   | -             |   |   |        | -         |   |                      |   | -       |        |   |   | -          |   |   |   | (36,575 | ) |   |   | (36,575 | ) |
| Foreign                currency translation adjustment                       |   |                         | -       |   |     |   | -      |       |   |   | -             |   |   |        | -         |   |                      |   | 563     |        |   |   | -          |   |   |   | - |   |   |   | 563 |   |
| Share                issues for debt                                         |   |                         | 50,000  |   |     |   | 500    |       |   |   | -             |   |   |        | 24,500    |   |                      |   | -       |        |   |   | -          |   |   |   | - |   |   |   | 25,000 |   |
| Balance                at December 31, 2006                                  |   |                         | 731,521 |   |     |   | 7,315  |       |   |   | (270          | )      |   |        | 1,953,614 |   |                      |   | 18,604  |        |   |   | (1,305,454 | )      |   |   | (886,355 | ) |   |   | (212,546 | ) |
| Net                loss                                                      |   |                         | -       |   |     |   | -      |       |   |   | -             |   |   |        | -         |   |                      |   | -       |        |   |   | -          |   |   |   | (110,076 | ) |   |   | (110,076 | ) |
| Foreign                currency translation adjustment                       |   |                         | -       |   |     |   | -      |       |   |   | -             |   |   |        | -         |   |                      |   | (16,837 | )           |   |   | -          |   |   |   | - |   |   |   | (16,837 | ) |
| Balance                at September 30, 2007                (Unaudited) |   |                         | 731,521 |   |     | $      | 7,315  |       |   | $      | (270          | )      |   | $           | 1,953,614 |   |                      | $      | 1,767   |        |   | $      | (1,305,454 | )      |   | $ | (996,431 | ) |   | $ | (339,459 | ) |
|                                                                         |   |                         |    |   |     |   |   |       |   |   |          |   |   |        |      |   |                      |   |    |        |   |   |       |   |   |   |   |   |   |   |   |   |
|                                                                         |   |                         |    |   |     |   |   |       |   |   |          |   |   |        |      |   |                      |   |    |        |   |   |       |   |   |   |   |   |   |   |   |   |

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*Table            of Contents*

| Note                1 | Basis                of Presentation |
|-----------------------|--------------------------------------|

| Note                2 | Nature                and Continuance of Operations |
|-----------------------|-----------------------------------------------------|

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*Table          of Contents*

| Note                    3 | Notes                    Payable |
|---------------------------|----------------------------------|

|   | a) | A                loan of $33,247 from Ubiquity Management Inc., controlled by a former                director of the Company, as of September 30, 2007 is unsecured, bears                interest at 5% per annum and is due on                demand. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) | A                promissory note of $33,172 as of September 30, 2007 (2006: $31,223)                is                unsecured, bears interest at the Canadian prime rate (6.50% as of                September 30, 2007) and due on demand. Interest accrued as of September                30, 2007 is $3,957. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c) | On                April 6, 2006, the Company received $10,000 from Hokley Limited                (“Hokley”). The promissory note is unsecured and bears interest at 5% per                annum. Interest accrued as of September 30, 2007 is $1,744 including                $1,000 finance fee. The principal and accrued interest is payable                by the                Company on April 6, 2008. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d) | On                July 31, 2006, the Company received $25,000 from Hokley. The promissory                note is unsecured and bears interest at 5% per annum. Interest accrued                as                of September 30, 2007 is $1,462. The principal and accrued interest                is                payable by the Company on December 31,                2007. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e) | On                December 15, 2006, the Company received $15,000 from Hokley. The                promissory note is unsecured and bears interest at 5% per annum.                Interest                accrued as of September 30, 2007 is $561. The principal and accrued                interest is payable by the Company on December 15,                2007. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | f) | On                February 26, 2007, the Company received $35,000 from Hokley. The                promissory note is unsecured and bears interest at 5% per annum.                Interest                accrued as of September 30, 2007 is $1,040. The principal and accrued                interest is payable by the Company on February 26,                2008. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | g) | On                May 18, 2007, the Company received $30,000 from Hokley. The promissory                note is unsecured and bears interest at 5% per annum. Interest accrued                as                of September 30, 2007 is $559. The principal and accrued interest                is                payable by the Company on May 18,                2008. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | h) | On                July 18, 2007, the Company received $30,000 from Hokley. The promissory                note is unsecured and bears interest at 5% per annum. Interest accrued                as                of September 30, 2007 is $308. The principal and accrued interest                is                payable by the Company on July 18,                2008. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note                    4 | Related                      Party Transactions |
|---------------------------|-------------------------------------------------|

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*Table          of Contents*

| Note                5  | Capital                Stock |
|-----------------------------|------------------------------|

| Note                6 | Subsequent                Event |
|-----------------------|---------------------------------|

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*Table            of Contents*

| **Item                2.** | **MANAGEMENTS’                DISCUSSION AND ANALYSIS OR PLANS OF                OPERATIONS** |
|----------------------------|-----------------------------------------------------------------------------------------------------|

**OVERVIEW**

**CRITICAL      ACCOUNTING POLICIES AND ESTIMATES**

**RESULTS      OF CONTINUING OPERATIONS**

**Nine      months ended September 30, 2007 compared to nine months ended September 30,      2006**

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*Table          of Contents*

**FINANCIAL      CONDITION AND LIQUIDITY**

| **Item                3.   ** | **CONTROLS                AND PROCEDURES** |
|----------------------------------------------|--------------------------------------------|

**PART      II--OTHER INFORMATION**

**Item      1. Legal Proceedings**

**Item      2. Changes in Securities**

**Item      3. Defaults upon Senior Securities**

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

**Item      5. Other Information.**

**Item      6. Exhibits and Reports on Form 8-K**

| Exhibit                Number | Description                                                                                |
|-------------------------------|--------------------------------------------------------------------------------------------|
| 2.1*                          | On                August 2, the Company filed 8K to extend promissory                notes |
| 2.2*                          | On                July 24, the Company filed 8K regarding a promissory                note |
| 31.1                          | 302                Certification for the Chief Executive Officer                           |
| 31.2                          | 302                Certification for the Chief Financial Officer                           |
| 32.1                          | 906                Certification for the Chief Executive Officer                           |
| 32.2                          | 906                Certification for the Chief Financial Officer                           |
|                          |                                                                                       |
|                          |                                                                                       |

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*Table          of Contents*

**SIGNATURES**

**SYNTHENOL      INC.**

| */s/                Cecil Morris*                             |   | Date:                November 13, 2007 |
|---------------------------------------------------------------|--------|----------------------------------------|
| Cecil                MorrisDirector,                President |   |                                   |
|                                                          |   |                                   |
| */s/                John Page*                                |   | Date:                November 13, 2007 |
| John                PageDirector                / Treasurer   |   |                                   |

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