Exhibit
31.2
 
 CERTIFICATION
 
 I,
Mohammad Khan, certify that:
 
 1.          
  I have reviewed this annual report on Form 10-KSB of Mogul Energy
International, Inc.;
 
 2.         
   Based on my knowledge, this annual report does not contain any
untrue statement of a material fact or omit to date a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this
annual report;
 
 3.          
  Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects the
financial condition, results of operations and cash flows of the small business
issuer as of, and for, the periods presented in this annual report;
 
 4.          
  The small business issuer's other certifying officers and I are
responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e) and 15(d)-15(f) for
the small business issuer and have:
 
 (a)         designed
such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material
information relating to the small business issuer, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;
 
 (b)         evaluated
the effectiveness of the small business issuer’s disclosure controls and
procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of the end of the period covered
by this report based on such evaluation; and
 
 (c)         disclosed
in this report any change in the small business issuer’s internal control over
financial reporting that occurred during the small business issuer’s most recent
fiscal quarter (the small business issuer’s fourth fiscal quarter in the case of
an annual report) that has materially affected, or is reasonably likely to
materially affect, the small business issuer’s internal control over financial
reporting; and
 
 5.           
 The small business issuer's other certifying officers and I have
disclosed, based on our most recent evaluation of internal control over
financial reporting, to the small business issuer’s auditors and the audit
committee of the small business issuer’s board of directors (or persons
performing the equivalent functions):
 
 (a)          all
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the small business issuer’s ability to record, process,
summarize and report financial information; and
 
 (b)         any
fraud, whether or not material, that involves management or other employees who
have a significant role in the small business issuer's internal controls and
procedures for financial reporting.
 
 Date:
              April
      15, 2008
 
 /s/
Mohammad Khan
 Mohammad
Khan
 Treasurer
 (Principal
Financial and Accounting Officer )