----

----

**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-KSB/A**

**Amendment      No. 1**

**ZULU      ENERGY CORP.**

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| **Colorado**                                  |   | **20-3281304**                     |
|-----------------------------------------------|--------|------------------------------------|
| State                or other jurisdiction of |   | (I.R.S.                Employer    |
| incorporation                or organization  |   | Identification                No.) |

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**DOCUMENTS      INCORPORATED BY REFERENCE**

----

----

**EXPLANATORY      NOTE**

**TABLE      OF CONTENTS**

**FORM      10-KSB/A ANNUAL REPORT**

**ZULU      ENERGY CORP.**

| **PART                III** | **2**                                                                                                                        |
|-----------------------------|------------------------------------------------------------------------------------------------------------------------------|
|                        |                                                                                                                         |
| **ITEM                9.**  | DIRECTORS,                EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS AND CORPORATE                GOVERNANCE             | 2 |
|                        |                                                                                                                         |   |
| **ITEM                10.** | EXECUTIVE                COMPENSATION                                                                                        | 6 |
|                        |                                                                                                                         |   |
| **ITEM                11.** | SECURITY                OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED                STOCKHOLDER MATTERS | 10 |
|                        |                                                                                                                         |   |
| **ITEM                12.** | CERTAIN                RELATIONSHIPS AND RELATED TRANSACTIONS                                                                | 12 |
|                        |                                                                                                                         |   |
| **ITEM                13.** | EXHIBITS                                                                                                                     | 13 |
|                        |                                                                                                                         |   |
| **ITEM                14.** | PRINCIPAL                ACCOUNTANT FEES AND SERVICES                                                                        | 14 |
|                        |                                                                                                                         |   |
| **SIGNATURES**              | **15**                                                                                                                       |

----

**PART      III**

**ITEM      9. **
**DIRECTORS,      EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS AND CORPORATE      GOVERNANCE**

Our      current directors and executive officers, their respective positions and ages,      and the year in which each director was first elected, are set forth in the      following table. 

| **Name**                              |   | **Age** |   | **Positions                Held**                                           |   | **Year                of Election****as                Director** |
|---------------------------------------|--------|---------|--------|-----------------------------------------------------------------------------|--------|-------------------------------------------------------------------|
| Paul                Stroud            |   | 60      |   | Director,                President, Chief Executive Officer                 |   | 2007                                                              |
| Satyendra                Deshpande    |   | 29      |   | Director,                Secretary, Treasurer & Chief Financial Officer |   | 2007                                                              |
| Pierre                Besuchet        |   | 67      |   | Director                                                                    |   | 2007                                                              |
| Abdul Majeed Al Faheem |   | 48      |   | Director                                                                    |   | 2007                                                              |
| Mohamed                Gova           |   | 63      |   | Director                                                                    |   | 2007                                                              |
| Brian                Hughes           |   | 53      |   | Director                                                                    |   | 2008                                                              |
| James                Hostetler        |   | 34      |   | Executive                Vice President                                     |   | --                                                                |
| Keith                Reeves           |   | 49      |   | Vice                President of Exploration                                |   | --                                                                |

**Mr.      Paul Stroud, President & Chief Executive Officer**

**Mr.      Satyendra Deshpande, Secretary, Treasurer, Chief Financial      Officer**

----

**Mr.      Pierre Besuchet, Director**

a      public      company quoted on The Pink Sheets Electronic Quotation System), FNDS3000 Corp.      (a public company traded on the OTCBB), and Orko Silver Corporation.  Mr.      Besuchet served on the board of directors of Lunden Mining of Vancouver,      British Columbia, for over 20 years until 2006.

**Mr.       Abdul Majeed A. Al Fahim, Director**

** **
** **
** **

**Mr.      Mohamed H. Gova, Director**

----

**Mr.      Brian Hughes, Director**

**Mr.      James Hostetler, Executive Vice President**

**Mr.      Keith Reeves, Vice President of Exploration**

----

**Section      16(a) Beneficial Ownership Reporting Compliance**

**Code      of Business Conduct and Ethics **

**Audit      Committee**

----

**ITEM      10.** **EXECUTIVE      COMPENSATION**

**Summary      Compensation Table**

| **Name                and****Principal****Position**                    |   | **Year**  |   | **Salary ****($)** |   | **Bonus ****($)** |   | **Stock****Awards****($)(1)** |   | **Option****Awards****($)(1)** |   | **Non-Equity****Incentive ****Plan****Compensation****($)** |   | **Change in****Pension****Value and****Nonqualified****Deferred****Compensation****Earnings****($) ** |      | **All****Other****Compensation****($)** |   | **Total****($)** |   |
|-------------------------------------------------------------------------|--------|----------------|--------|-------------------------|--------|------------------------|--------|-------------------------------|--------|--------------------------------|--------|------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------|-----------|-----------------------------------------|--------|------------------|--------|
| Paul Stroud, Director,                                        |   |           | 2007   |                    |   | 240,000                |   |                          | 0      |                           |   | 0                                                                |   |                                                                                                                 | 3,876,000 | (2)                           |   | 0                |   |   | 0 |   |   | 0 |   |   | 4,116,000 |   |
| President                and CEO                                        |   |           | 2006   |                    |   | 0                      |   |                          | 0      |                           |   | 0                                                                |   |                                                                                                                 | 0         |                                    |   | 0                |   |   | 0 |   |   | 0 |   |   | 0 |   |
|                                                                    |   |           |   |                    |   |                   |   |                          |   |                           |   |                                                             |   |                                                                                                                 |      |                                    |   |             |   |   |   |   |   |   |   |   |   |   |
| Satyendra              Deshpande                                        |        |                | 2007   |                    |   | 22,500                 |   |                          | 0      |                           |   | 0                                                                |   |                                                                                                                 | 0         |                                    |   | 0                |   |   | 0 |   |   | 0 |   |   | 22,500 |   |
| Secretary,              Treasurer, & CFO                            |        |                | 2008   |                    |   | 0                      |   |                          | 0      |                           |   | 0                                                                |   |                                                                                                                 | 0         |                                    |   | 0                |   |   | 0 |   |   | 0 |   |   | 0 |   |
|                                                                    |   |           |   |                    |   |                   |   |                          |   |                           |   |                                                             |   |                                                                                                                 |      |                                    |   |             |   |   |   |   |   |   |   |   |   |   |
| Peter                Hodyno,                                            |   |           | 2007   |                    |   | 0                      |   |                          | 0      |                           |   | 0                                                                |   |                                                                                                                 | 0         |                                    |   | 0                |   |   | 0 |   |   | 0 |   |   | 0 |   |
| Director                and Secretary (3)                               |   |           | 2006   |                    |   | 0                      |   |                          | 0      |                           |   | 0                                                                |   |                                                                                                                 | 0         |                                    |   | 0                |   |   | 0 |   |   | 0 |   |   | 0 |   |
|                                                                    |   |           |   |                    |   |                   |   |                          |   |                           |   |                                                             |   |                                                                                                                 |      |                                    |   |             |   |   |   |   |   |   |   |   |   |   |
| Brandt                Hodyno,                                           |   |           | 2007   |                    |   | 0                      |   |                          | 0      |                           |   | 0                                                                |   |                                                                                                                 | 0         |                                    |   | 0                |   |   | 0 |   |   | 0 |   |   | 0 |   |
| Director,                President,                                     |   |           | 2006   |                    |   | 0                      |   |                          | 0      |                           |   | 0                                                                |   |                                                                                                                 | 0         |                                    |   | 0                |   |   | 0 |   |   | 0 |   |   | 0 |   |
| Secretary/Treasurer                and Principal Accounting Officer (4) |   |           |   |                    |   |                   |   |                          |   |                           |   |                                                             |   |                                                                                                                 |      |                                    |   |             |   |   |   |   |   |   |   |   |   |   |

| Risk                free rate                          |   |   | 3.875%               |   |
|--------------------------------------------------------|--------|--------|----------------------|--------|
| Dividend                yield                          |   |   | 0%                   |   |
| Weighted                average expected volatility    |   |   | 90%                  |   |
| Weighted                average expected option life   |   |   | 5                yrs |   |
| Weighted                average fair value of options  |   | $      | 1.292                |   |
| Total                options outstanding               |   |   | 3,000,000            |   |
| Total                fair value of options outstanding |   | $      | 3,876,000            |   |

----

**Employment      Contracts and Termination of Employment and Change-In-Control      Arrangements**

** **

***Employment      Agreement with Mr. Paul Stroud***

----

***Employment      Agreement with Mr. James Hostetler***

***Employment      Agreement with Mr. Keith Reeves***

----

**Employee      Retirement Plans, Long-Term Incentive Plans, Pension Plans**
**      and Stock Plans**

**Outstanding      Equity Awards **

**OUTSTANDING        EQUITY AWARDS AT FISCAL YEAR-END**

|                               |   | **Option                    Awards**                                                                         |      | **Stock                    Awards**                                                                                            |   |
|------------------------------------|--------|--------------------------------------------------------------------------------------------------------------|-----------|--------------------------------------------------------------------------------------------------------------------------------|--------|
|                               |   |                                                                                                         |      |                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Name**                           |   | **Number                    of****Securities****Underlying****Unexercised****Options****(#)****Exercisable** |      | **Number                    of****Securities****Underlying****Unexercised****Options****(#)                    Unexercisable** |   | **Equity****Incentive****Plan Awards:****Number                    of****Securities****Underlying****Unexercised****Unearned****Options****(#)** |   | **Option****Exercise****Price****($)** |   | **Option****Expiration****Date**  |   | **Number of****Shares                    or****Units                    of****Stock That****Have                    Not****Vested****(#)** |   | **Market****Value of****Shares or****Units                    of****Stock That****Have                    Not****Vested****($)** |   | **Equity Incentive****Plan                    Awards:****Number                    of****Unearned****Shares,                    Units****or                    Other****Rights                    That****Have                    Not****Vested****(#)** |   | **Equity****Incentive****Plan Awards:****Market                    or****Payout                    Value****of                    Unearned****Shares,                    Units****or                    Other****Rights                    That****Have                    Not****Vested****($)** |   |
|                               |   |                                                                                                         |      |                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Paul                    Stroud (1) |   |                                                                                                         | 3,000,000 |                                                                                                                           |   | - |   |   | - |   |   | 1.81 |   |   | 9/24/2012 |   |   | - |   |   | - |   |   | - |   |   | - |   |

**Director      Compensation**

----

**Director      Independence**

**ITEM      11.** **SECURITY      OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER      MATTERS**

| **Name                and Address of Beneficial Owner**                                                                                           |   | **Number of Shares ****Beneficially Owned ****(1),(2)** |      | **Percent of Common ****Stock Outstanding ****(3)** |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------|-----------|------------------------------------------------------------------------------|--------|
|                                                                                                                                              |   |                                                                             |      |                                                                         |   |   |   |
| Paul                Stroud, Director, President & CEO122                North Main StreetSheridan,                WY 82801                    |   |                                                                             | 3,550,000 | (4)                                                                          |   | 3.97 | % |
|                                                                                                                                              |   |                                                                             |      |                                                                         |   |   |   |
| Satyendra                Deshpande, Director, Secretary, Treasurer & CFO122                North Main StreetSheridan,                WY 82801 |   |                                                                             | 0         |                                                                         |   | * |   |
|                                                                                                                                              |   |                                                                             |      |                                                                         |   |   |   |
| Pierre                Besuchet, Director122                North Main StreetSheridan,                WY 82801                                     |   |                                                                             | 50,000    |                                                                         |   | * |   |
|                                                                                                                                              |   |                                                                             |      |                                                                         |   |   |   |
| Abdul                Majeed Al Faheem, Director122                North Main StreetSheridan,                WY 82801                              |   |                                                                             | 0         |                                                                         |   | * |   |
|                                                                                                                                              |   |                                                                             |      |                                                                         |   |   |   |
| Mohamed                Gova, Director122                North Main StreetSheridan,                WY 82801                                        |   |                                                                             | 0         |                                                                         |   | * |   |

----

| **Name                and Address of Beneficial Owner**                                                                     |   | **Number of Shares ****Beneficially Owned ****(1),(2)** | **Percent of Common ****Stock Outstanding ****(3)** |
|--------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------|------------------------------------------------------------------------------|
|                                                                                                                                       |   |                                                                             |                                                                         |   |   |
| Brian                Hughes, Director122                North Main StreetSheridan,                WY 82801                                 |   |                                                                             | 30,000,000(5)                                                                |   | 34.10% |
|                                                                                                                                       |   |                                                                             |                                                                         |   |   |
| James                Hostetler, Executive Vice President122                North Main StreetSheridan,                WY 82801              |   |                                                                             | 3,400,000(6)                                                                 |   | 3.80% |
|                                                                                                                                       |   |                                                                             |                                                                         |   |   |
| Keith                Reeves, Vice President122                North Main StreetSheridan,                WY 82801                           |   |                                                                             | 3,550,000(7)                                                                 |   | 3.97% |
|                                                                                                                                       |   |                                                                             |                                                                         |   |   |
| All                Officers, Directors as a Group                                                                                          |   |                                                                             | 40,550,000                                                                   |   | 43.84% |
|                                                                                                                                       |   |                                                                             |                                                                         |   |   |
| Brant                Hodyno83-40                Austin Street, Ste 2GKew                Gardens, NY 11415                                  |   |                                                                             | 5,000,000                                                                    |   | 5.68% |
|                                                                                                                                       |   |                                                                             |                                                                         |   |   |
| Peter                Hodyno28                Preston StreetHuntington,                NY 11743                                             |   |                                                                             | 5,000,000                                                                    |   | 5.68% |
|                                                                                                                                       |   |                                                                             |                                                                         |   |   |
| Donald                MurdockLM                122-23034th                Street SWCalgary,                ABCanada                T2S 2S7 |   |                                                                             | 5,000,000                                                                    |   | 5.68% |
|                                                                                                                                       |   |                                                                             |                                                                         |   |   |
| LMA                Hughes LLLP (8)6307                Hawthorne LaneLakewood,                Colorado 80227                                |   |                                                                             | 30,000,000                                                                   |   | 34.10% |

----

| (1) | Under                SEC Rule 13d-3, a beneficial owner of a security includes any person                who, directly or indirectly, through any contract, arrangement,                understanding, relationship, or otherwise has or shares: (i) voting                power, which includes the power to vote, or to direct the voting                of                shares; and (ii) investment power, which includes the power to                dispose or direct the disposition of shares. Certain shares may be                deemed                to be beneficially owned by more than one person (if, for example,                persons                share the power to vote or the power to dispose of the shares). In                addition, shares are deemed to be beneficially owned by a person                if the                person has the right to acquire the shares (for example, upon exercise                of                an option) within 60 days of the date as of which the information                is                provided. In computing the percentage ownership of any person, the                amount                of shares outstanding is deemed to include the amount of shares                beneficially owned by such person (and only such person) by reason                of                these acquisition rights. As a result, the percentage of outstanding                shares of any person as shown in this table does not necessarily                reflect                the person’s actual ownership or voting power with respect to the number                of shares of common stock actually outstanding on the date of this                Offering. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Except                as indicated in the footnotes below, each person has sole voting                and                dispositive power over the shares                indicated. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Percentages                are based on an aggregate 88,000,000 shares issued and outstanding                as of                April 28, 2008. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (4) | In                accordance with his employment agreement with the Company, on April                15,                2008, Mr. Stroud was granted fully-vested options to acquire 1,500,000                shares of the Company’s common stock with an exercise price of $1.00 per                share. In addition, Mr. Stroud was granted 2,050,000 shares of common                stock that will be subject to restrictions, including forfeiture                upon                resigning from his positions with the Company, as well as other conditions                to be determined, and will vest as follows: 820,000 shares (40%)                on                January 1, 2009; 615,000 shares (30%) on January 1, 2010; and                the remaining 615,000 shares (30%) on January 1,                2011. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | These                shares are owned by LMA Hughes LLLP. Mr. Hughes is the president of                Hughes Ventures, which is the general partner of LMA Hughes LLLP,                and                exercises voting and dispositive control over the securities held                by LMA                Hugues LLLP. Additionally, Mr. Hughes and his children own or control                the                equity interests of LMA Hughes                LLLP. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | In                accordance with his employment agreement with the Company, on April                15,                2008, Mr. Hostetler was granted fully-vested options to acquire 1,500,000                shares of the Company’s common stock with an exercise price of $1.00 per                share. In addition, Mr. Hostetler was granted 1,900,000 shares of                common                stock that will be subject to restrictions, including forfeiture                upon                resigning from his positions with the Company, as well as other conditions                to be determined, and will vest as follows: 760,000 shares (40%)                on                January 1, 2009; 570,000 shares (30%) on January 1, 2010; and                the remaining 570,000 shares (30%) on January 1, 2011. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | In                accordance with his employment agreement with the Company, on April                15,                2008, Mr. Reeves was granted fully-vested options to acquire 1,500,000                shares of the Company’s common stock with an exercise price of $1.00 per                share. In addition, Mr. Reeves was granted 2,050,000 shares of common                stock that will be subject to restrictions, including forfeiture                upon                resigning from his positions with the Company, as well as other conditions                to be determined, and will vest as follows: 820,000 shares (40%)                on                January 1, 2009; 615,000 shares (30%) on January 1, 2010; and                the remaining 615,000 shares (30%) on January 1,                2011. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | These                shares are owned by LMA Hughes LLLP. Mr. Hughes is the president of                Hughes Ventures, which is the general partner of LMA Hughes LLLP,                and                exercises voting and dispositive control over the securities held                by LMA                Hugues LLLP. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ITEM      12.** **CERTAIN      RELATIONSHIPS AND RELATED TRANSACTIONS**

----

**ITEM      13. EXHIBITS **

| Exhibit                 |   |                                                                                                                                                                                                                                              |
|-------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Number             |   | Description                                                                                                                                                                                                                                  |
|                    |   |                                                                                                                                                                                                                                              |
| 2.1                     |   | Stock                  Exchange Agreement and Plan of Reorganization among Zulu Energy                  Corp,                  Nyati Mauritius Limited and LMA Hughes LLLP dated December 19,                  20071                              |
|                    |   |                                                                                                                                                                                                                                              |
| 3.1(a)                  |   | Amended                  and Restated Articles of Incorporation 1                                                                                                                                                                            |
|                    |   |                                                                                                                                                                                                                                              |
| 3.1(b)*                 |   | Form                  of Amended                  and Restated Articles of Incorporation †                                                                                                                                                  |
|                    |   |                                                                                                                                                                                                                                              |
| 3.2*                    |   | Amended                  and Restated Bylaws                                                                                                                                                                                                      |
|                    |   |                                                                                                                                                                                                                                              |
| 10.1                    |   | Stock                  Purchase Agreement between Zulu Energy Corp. and Swansi Holdings                  Corp.                  dated as of December 19, 20071                                                                                    |
|                    |   |                                                                                                                                                                                                                                              |
| 10.2                    |   | Tax                  Indemnification Letter Agreement between Zulu Energy Corp. and                  LMA Hughes                  LLLP dated December 19, 20071                                                                                    |
|                    |   |                                                                                                                                                                                                                                              |
| 10.3                    |   | Employment                  Agreement, dated effective March 1, 2008, by and between Zulu Energy                  Corp.                  and Paul Stroud2                                                                                         |
|                    |   |                                                                                                                                                                                                                                              |
| 10.4                    |   | Employment                  Agreement, dated effective March 1, 2008, by and between Zulu Energy                  Corp.                  and James Hostetler2                                                                                     |
|                    |   |                                                                                                                                                                                                                                              |
| 10.5                    |   | Employment                  Agreement, dated effective March 1, 2008, by and between Zulu Energy                  Corp.                  and Kevin Reeves2                                                                                        |
|                    |   |                                                                                                                                                                                                                                              |
| 10.6*                   |   | Form of                Option Holder                Letter Agreement                                                                                                                                                                              |
|                    |   |                                                                                                                                                                                                                                              |
| 10.7*                   |   | Letter Agreement                dated                April 25, 2008 between Zulu Energy Corp. and Swansi Holdings                Corp.                                                                                                            |
|                    |   |                                                                                                                                                                                                                                              |
| 10.8*                   |   | Zulu Energy                Corp. 2008                Equity Incentive Plan †                                                                                                                                                                |
|                    |   |                                                                                                                                                                                                                                              |
| 10.9*                   |   | Form                  of Office Lease dated effective February 1, 2008 by and between                  Zulu                  Energy Corp. and James W. Guercio (as landlord)                                                                      |
|                    |   |                                                                                                                                                                                                                                              |
| 14.1*                   |   | Code                  of Business Conduct and Ethics                                                                                                                                                                                              |
|                    |   |                                                                                                                                                                                                                                              |
| 16.1                    |   | Letter                  from Former Accountant3                                                                                                                                                                                                   |
|                    |   |                                                                                                                                                                                                                                              |
| 21.1                    |   | Schedule                  of Subsidiaries of the Company4                                                                                                                                                                                         |
|                    |   |                                                                                                                                                                                                                                              |
| 31.1*                   |   | Certification                  of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002                                                                                                              |
|                    |   |                                                                                                                                                                                                                                              |
| 31.2                  * |   | Certification                  of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002                                                                                                              |
|                    |   |                                                                                                                                                                                                                                              |
| 32.1*                   |   | Certification                  of Chief Executive Officer and Chief Financial Officer pursuant                  to 18                  U.S.C. Section 1350, as adopted pursuant to Section 906 of the                  Sarbanes-Oxley Act of 2002 |

| 1. | Incorporated                by reference to the Company’s Current Report on Form 8-K filed with the                Commission on December 27, 2007, File No.                000-52272. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2. | Incorporated                by reference to the Company’s Current Report on Form 8-K filed with the                Commission on April 21, 2008, File No.                000-52272. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Incorporated                by reference to the Company’s Current Report on Form 8-K filed with the                Commission on February 12, 2008, File No.                000-52272. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Incorporated                by reference to the Company’s Annual Report on Form 10-KSB for the year                ended December 31, 2007 filed with the Commission on April 15, 2008,                File                No. 000-52272. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| * | Filed                herewith. |
|---|--------------------------------|
|   |   |
|--------|--------|

| † | The                Form of Amended and Restated Articles of Incorporation and 2008                Equity Incentive Plan were approved by the Board of Directors of Zulu                Energy Corp. on April 28, 2008 and will be presented to shareholders                for                approval as part of the 2008 Annual Meeting of                Shareholders. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ITEM      14.** **PRINCIPAL      ACCOUNTANT FEES AND SERVICES**

**Audit      Fees**

**Audit-Related      Fees, Tax Fee and All Other Fees**

----

**SIGNATURES**

| **ZULU                ENERGY CORP.**                                                                                                                     |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                     |   |
| By:                                                                                                                                                      | /s/Satyendra              Deshpande |
| Satyendra                Deshpande, Secretary,Treasurer,                Chief Financial Officer,Principal                Accounting Officer and Director |
| Date:              April 29, 2008                                                                                                                        |

----

**Exhibit      List**

| Exhibit                 |   |                                                                                                                                                                                                                                              |
|-------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Number             |   | Description                                                                                                                                                                                                                                  |
|                    |   |                                                                                                                                                                                                                                              |
| 2.1                     |   | Stock                  Exchange Agreement and Plan of Reorganization among Zulu Energy                  Corp,                  Nyati Mauritius Limited and LMA Hughes LLLP dated December 19,                  20071                              |
|                    |   |                                                                                                                                                                                                                                              |
| 3.1(a)                  |   | Amended                  and Restated Articles of Incorporation 1                                                                                                                                                                            |
|                    |   |                                                                                                                                                                                                                                              |
| 3.1(b)*                 |   | Form                  of Amended and Restated Articles of Incorporation †                                                                                                                                                                   |
|                    |   |                                                                                                                                                                                                                                              |
| 3.2*                    |   | Amended                  and Restated Bylaws                                                                                                                                                                                                      |
|                    |   |                                                                                                                                                                                                                                              |
| 10.1                    |   | Stock                  Purchase Agreement between Zulu Energy Corp. and Swansi Holdings                  Corp.                  dated as of December 19, 20071                                                                                    |
|                    |   |                                                                                                                                                                                                                                              |
| 10.2                    |   | Tax                  Indemnification Letter Agreement between Zulu Energy Corp. and                  LMA Hughes                  LLLP dated December 19, 20071                                                                                    |
|                    |   |                                                                                                                                                                                                                                              |
| 10.3                    |   | Employment                  Agreement, dated effective March 1, 2008, by and between Zulu Energy                  Corp.                  and Paul Stroud2                                                                                         |
|                    |   |                                                                                                                                                                                                                                              |
| 10.4                    |   | Employment                  Agreement, dated effective March 1, 2008, by and between Zulu Energy                  Corp.                  and James Hostetler2                                                                                     |
|                    |   |                                                                                                                                                                                                                                              |
| 10.5                    |   | Employment                  Agreement, dated effective March 1, 2008, by and between Zulu Energy                  Corp.                  and Kevin Reeves2                                                                                        |
|                    |   |                                                                                                                                                                                                                                              |
| 10.6*                   |   | Form of                Option Holder                Letter Agreement                                                                                                                                                                              |
|                    |   |                                                                                                                                                                                                                                              |
| 10.7*                   |   | Letter Agreement                dated                April 25, 2008 between Zulu Energy Corp. and Swansi Holdings                Corp.                                                                                                            |
|                    |   |                                                                                                                                                                                                                                              |
| 10.8*                   |   | Zulu Energy                Corp. 2008                Equity Incentive Plan †                                                                                                                                                                |
|                    |   |                                                                                                                                                                                                                                              |
| 10.9*                   |   | Form                  of Office Lease dated effective February 1, 2008 by and between                  Zulu                  Energy Corp. and James W. Guercio (as landlord)                                                                      |
|                    |   |                                                                                                                                                                                                                                              |
| 14.1*                   |   | Code                  of Business Conduct and Ethics                                                                                                                                                                                              |
|                    |   |                                                                                                                                                                                                                                              |
| 16.1                    |   | Letter                  from Former Accountant3                                                                                                                                                                                                   |
|                    |   |                                                                                                                                                                                                                                              |
| 21.1                    |   | Schedule                  of Subsidiaries of the Company4                                                                                                                                                                                         |
|                    |   |                                                                                                                                                                                                                                              |
| 31.1*                   |   | Certification                  of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002                                                                                                              |
|                    |   |                                                                                                                                                                                                                                              |
| 31.2                  * |   | Certification                  of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002                                                                                                              |
|                    |   |                                                                                                                                                                                                                                              |
| 32.1*                   |   | Certification                  of Chief Executive Officer and Chief Financial Officer pursuant                  to 18                  U.S.C. Section 1350, as adopted pursuant to Section 906 of the                  Sarbanes-Oxley Act of 2002 |

| 1. | Incorporated                by reference to the Company’s Current Report on Form 8-K filed with the                Commission on December 27, 2007, File No.                000-52272. |
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| 2. | Incorporated                by reference to the Company’s Current Report on Form 8-K filed with the                Commission on April 21, 2008, File No.                000-52272. |
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| 3. | Incorporated                by reference to the Company’s Current Report on Form 8-K filed with the                Commission on February 12, 2008, File No.                000-52272. |
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| 4. | Incorporated                by reference to the Company’s Annual Report on Form 10-KSB for the year                ended December 31, 2007 filed with the Commission on April 15, 2008,                File                No. 000-52272. |
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| * | Filed                herewith. |
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|   |   |
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| † | The                  Form of Amended and Restated Articles of Incorporation and 2008                  Equity                  Incentive Plan were approved by the Board of Directors of Zulu                  Energy                  Corp. on April 28, 2008 and will be presented to shareholders for                  approval                  as part of the 2008 Annual Meeting of                  Shareholders. |
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