EXHIBIT 10.1
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                              EMPLOYMENT AGREEMENT
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     THIS  AGREEMENT  ("Agreement")  is made and  entered  into  this 3rd day of
October  2008 by and  between  PETROL OIL and GAS,  INC.,  a Nevada  corporation
("Company") and Loren Moll, an individual ("Executive").

     RECITALS:

          A. Company is engaged in the business of oil and gas  exploration  and
          production  and desires to employ  Executive  as  President  and Chief
          Executive  Officer on a full time and  exclusive  basis subject to the
          further terms and conditions of this Agreement.

          B. Since May 4, 2007,  Executive  has acted as interim  President  and
          Chief Executive Officer of the Company without a written  compensation
          agreement.

          C. Executive  desires to accept employment with Company and to perform
          the  functions  and  duties of  President  of  Company  subject to the
          further terms and conditions of this Agreement.

          D. The parties  mutually  desire to enter into this Agreement  whereby
          the terms and conditions of such employment are reduced to writing and
          memorialized.

     AGREEMENT:

          1. Term of Employment:  Company hereby employs Executive and Executive
     hereby accepts  employment  with Company for a period of one year beginning
     on October 3, 2008 and ending on October 2, 2009,  subject to the rights of
     early termination as provided herein.

          2. Duties and Powers of  Executive:  Executive  is hereby  employed as
     President to perform and undertake the duties and responsibilities normally
     and ordinarily  attendant to such position.  Without  limiting or excluding
     other duties and  responsibilities,  Executive  shall direct the day to day
     functioning  and  conduct of the  business  of the  Company and in so doing
     shall:  (i) possess and exercise the  exclusive  power to hire and fire all
     employees of the Company  (unless  specifically  otherwise  directed by the
     Board of  Directors);  (ii)  possess and exercise  the  exclusive  power to
     engage and disengage all consultants and outside  professionals used by the
     Company (unless specifically otherwise directed by the Board of Directors);
     (iii) direct the use and control of finances;  (iv) borrow or obtain credit
     in any  amount or  execute  any  guaranty  agreement;  and,  (v) create and
     implement  policies  and  procedures  of the  Company.  In  recognition  of

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     Executive's status as an owner or controller of a substantial percentage of
     the  outstanding  common  shares of the  Company,  any effort by Company to
     diminish  Executive's  duties and powers  absent the agreement of Executive
     evidenced  by the  express  written  consent of  Executive  may be deemed a
     termination  without  cause,  thereby  entitling  Executive to the remedies
     provided  herein for Company's  termination  without cause.  See Section 6,
     below.

          3.  Devotion of Time and Covenant Not To Compete:  Except as otherwise
     agreed, Executive shall devote substantially all of his working time to the
     performance  of  his  duties  as  President  of  Company.  Notwithstanding,
     Executive may serve and hold any other offices or positions in companies in
     which he  currently  holds a position.  During the term of this  agreement,
     Executive shall not, directly or indirectly,  whether as a partner, member,
     joint venture,  owner,  or employee or otherwise,  promote or engage in any
     business that directly  competes with Company's present business of oil and
     gas exploration and production.

          4.  Compensation:  Company  shall  compensate  Executive  for services
     provided  to  Company a salary in the amount of  $135,000  per year paid in
     equal  payments  not less than twice  monthly  during the term  hereof.  In
     addition to salary, the Company shall provide or pay for the following:

               4.1. Retroactive compensation in the amount of $100,000,  payable
               upon full  execution  this  Agreement,  in  consideration  of the
               services  previously  provided  as  interim  President  and Chief
               Executive Officer.

               4.2.  During the term hereof,  Executive  shall be permitted  the
               exclusive use of the  Company's  2007 Dodge Ram 1500 Sport 4X4 or
               substantial  monetary  equivalent at Company's sole expense.  Any
               miles driven for  non-business  purposes  shall not be subject to
               direct  reimbursement  but  rather  shall  be  deemed  additional
               compensation to Executive.

               4.3.  Executive  shall be allowed three (3) weeks of  compensated
               vacation  per  calendar  year  during  employment  subject to the
               Company's  vacation  policies set forth in  Company's  employment
               manual.  In  addition,  Executive  shall be allowed five (5) days
               personal  leave and ten (10) days of sick leave per calendar year
               during  employment.  Any  unused  leave  may be  carried  forward
               without limitation as long as Executive is employed by Company.

               4.4.  Executive shall have the right to all medical and long term
               disability  coverage  on the same  terms  and  conditions  as are
               provided  to other  management  employees  of  Company  as of the
               effective date of this Agreement.

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               4.5. Unless specifically addressed in and altered by the terms of
               this  Agreement,  Executive  shall be  entitled  to  receive  all
               benefits of employment  available to Company's  other  managerial
               employees when as he becomes  eligible for the same;  Executive's
               employment  shall be subject to the further terms and  conditions
               of Company's then-current employment manual.

            5. Expenses and  Relocation:  Company shall pay either in advance or
by  reimbursement  all  reasonable  business  expenses of Executive  incurred in
connection  with Company's  business and  Executive's  performance of his duties
hereunder.  Such  expenses  include,  but are not limited to,  travel and travel
related  expenses,  business  entertainment and promotional  expenses,  and cell
phone.  Company shall further pay for reasonable expenses related to maintaining
any of Executive's  professional  licenses.  In  consideration  for  Executive's
ongoing  use of his home  office for  Company's  business,  reimbursement  shall
include  expenses  related to the home office  including but not limited to home
Internet  access and home phone lines,  including a fax line.  Payment  shall be
made in accordance with the general policies of Company as established from time
to time.  The day to day duties of  Executive  generally  are to be performed at
Company's  executive office in Overland Park, Kansas and at the current areas of
exploration and production.  If Company  relocates its executive offices outside
of the Kansas City metropolitan  area Company shall reimburse  Executive for all
reasonable  expenses  attendant to his relocation,  including but not limited to
relocation  of  household  goods and  storage,  mileage,  real estate  sales and
purchase and management  expenses,  fees and commissions,  temporary lodging and
meal expenses for Executive and  dependents,  and incidental  expenses  incurred
such as connect fees, license and title transfers.

            6.  Termination:  Executive may terminate this Agreement at any time
with or without cause and without payment or penalty. Company may terminate this
Agreement at any time without cause. Company may terminate this Agreement at any
time "for cause" if  Executive  willfully  breaches or  habitually  neglects the
duties  Executive is required to perform under the terms of this Agreement.  Any
termination shall be by notice in writing and delivered as provided herein.  For
termination  by the Company to be  effective,  the notice must  specify  whether
Executive's  termination  is for  cause  or  without  cause,  however,  any such
specification is not  dispositive.  In the event that termination by the Company
is  stated  to  be or  finally  determined  to be  without  cause,  there  shall
immediately  be due and payable from  Company to Executive  the amount of annual
salary  due for the  balance  of the term of the  contract  together  with  such
further amounts that may be due under applicable state law,  including  interest
and  vacation  pay with such sum being deemed due and payable at the time of the
service  of the  notice of  termination.  Such sums  shall be deemed  liquidated
damages  and shall be due and  payable  without  consideration  for  Executive's
ability to obtain replacement employment.

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            7.  Disability  or Death:  In the event of  Executive's  disability,
Company  shall  have no  further  obligations  to  Executive.  In the  event  of
Executive's  death,  this agreement  shall  automatically  terminate and Company
shall pay to Executive's  heirs,  without setoff or defense,  the greater of six
(6) month's salary or the amount of salary and other benefits  remaining due and
owing under this Agreement. Any other payments upon the death of Executive shall
be subject to the terms and conditions of such other benefit plans and programs.

            8.  Arbitration:  In the  event  that a dispute  arises  out of this
Agreement,  either  party may demand  that the dispute be  submitted  to binding
arbitration of a single  arbitrator  selected under the Federal  Arbitration Act
and the  then-existing  rules of the American  Arbitration  Association  or such
similar  national  arbitration  organization  that may  exist at the time of the
dispute.  Failure  of the  Company  to  submit  voluntarily  to any  demand  for
arbitration hereunder shall be considered a breach of this Agreement.  Any award
entered in the arbitration shall include a reasoned determination of which party
prevailed  and shall  include the  reasonable  attorney  fees of the  prevailing
party; however, the arbitrator shall have no authority to award punitive damages
or exemplary damages of any kind whatsoever.

            9.  Miscellaneous:   Company  shall  indemnify  and  hold  Executive
harmless  from any and all claims and legal actions  arising out of  Executive's
employment,   regardless  of  whether  such  claims  and  actions  allege  gross
negligence  or  intentional   acts.   This  Agreement  shall  be  construed  and
interpreted under the laws of the state of residence of Executive at the time of
the legal action or arbitration  requiring such construction or  interpretation.
Executive's  rights  and  duties  under  this  Agreement  are  personal  and not
assignable

            IN WITNESS:

            "COMPANY"                            "EXECUTIVE"

            PETROL OIL AND GAS, INC.             LOREN MOLL



            /s/  Robert H. Kite                  /s/  Loren Moll
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            By:  Robert H. Kite                       Loren Moll

            Its: Chairman of the Board

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