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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 40-F

        [_]    Registration Statement pursuant to section 12 of the Securities
               Exchange Act of 1934

        [X]    Annual report pursuant to section 13(a) or 15(d) of the
               Securities Exchange Act of 1934


For the fiscal year ended December 31, 2007   Commission File Number: 333-96537

                          COMPTON PETROLEUM CORPORATION
             (Exact name of Registrant as specified in its charter)


                                 ALBERTA, CANADA
        (Province or other jurisdiction of incorporation or organization)

                                      1311
            (Primary Standard Industrial Classification Code Number)

                                 NOT APPLICABLE
             (I.R.S. Employer Identification Number (if applicable))


       SUITE 3300, 425-1ST STREET, S.W., CALGARY, ALBERTA, CANADA T2P 3L8
                                 (403) 237-9400
   (Address and telephone number of Registrant's principal executive offices)


       CT CORPORATION SYSTEM, 111 EIGHTH AVENUE, NEW YORK, NEW YORK 10011
                                 (212) 894-8400
            (Name, address (including zip code) and telephone number
        (including area code) of agent for service in the United States)

SECURITIES REGISTERED OR TO BE REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:

TITLE OF EACH CLASS                  NAME OF EACH EXCHANGE ON WHICH REGISTERED
Common Shares, no par value                 New York Stock Exchange

SECURITIES REGISTERED OR TO BE REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:
TITLE OF EACH CLASS: None

SECURITIES FOR WHICH THERE IS A REPORTING  OBLIGATION PURSUANT TO SECTION 15(D)
OF THE ACT: None


FOR ANNUAL REPORTS, INDICATE BY CHECK MARK THE INFORMATION FILED WITH THIS FORM:

   [X] Annual information form      [X] Audited annual financial statements

          129,149,721 Common Shares outstanding as of December 31, 2007

<PAGE>

Indicate  by check  mark  whether  the  Registrant  by filing  the  information
contained  in this  Form is also  thereby  furnishing  the  information  to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
(the "Exchange  Act"). If "Yes" is marked,  indicate the filing number assigned
to the Registrant in connection with such Rule.

                         Yes [_]               No [X]

Indicate  by check  mark  whether  the  Registrant  (1) has filed  all  reports
required  to be filed by  Section  13 or 15(d) of the  Exchange  Act during the
preceding  12  months  (or for such  shorter  period  that the  Registrant  was
required  to file  such  reports)  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

                         Yes [X]               No [_]


PRINCIPAL DOCUMENTS

The following  documents  have been filed as part of this Annual Report on Form
40-F:


A.       ANNUAL INFORMATION FORM

For the Annual  Information Form of Compton Petroleum  Corporation  ("Compton")
for the year ended December 31, 2007, see Exhibit 20.1 of this Annual Report on
Form 40-F.

B.       AUDITED ANNUAL FINANCIAL STATEMENTS

For Compton's  audited  consolidated  financial  statements  for the year ended
December  31,  2007 and 2006,  including  the  auditor's  report  with  respect
thereto,  see  Exhibit  20.2  of  this  Annual  Report  on  Form  40-F.  For  a
reconciliation  of important  differences  between  Canadian and United  States
generally  accepted  accounting  principles,  see  Note 21 of the  Notes to the
audited consolidated financial statements.

C.       MANAGEMENT'S DISCUSSION AND ANALYSIS

For Compton's Management's  Discussion and Analysis for the year ended December
31, 2007, see Exhibit 20.3 of this Annual Report on Form 40-F.

DISCLOSURE CONTROLS AND PROCEDURES

Compton maintains disclosure controls and other procedures and internal control
over financial  reporting  designed to ensure that  information  required to be
disclosed in the reports  filed under the Exchange Act is recorded,  processed,
summarized,  and reported within the time periods specified in the Commission's
rules and forms.  Compton's principal executive officer and principal financial
officer  evaluated  the  effectiveness  of  Compton's  disclosure  controls and
procedures  as of the end of the period  covered by this  report and  concluded
that such  disclosure  controls  and  procedures  are  effective to ensure that
information required to be disclosed by the registrant in reports that it files
or submits under the Exchange Act is (i) recorded,  processed,  summarized, and
reported within the time periods specified in the Commission's  rules and forms
and (ii)  accumulated and communicated to Compton's  management,  including its
principal  executive officer and principal  financial officer,  to allow timely
decisions regarding required disclosure.

                                       2
<PAGE>

It should  be noted  that  while  Compton's  principal  executive  officer  and
principal  financial  officer  believe that Compton's  disclosure  controls and
procedures  provide a reasonable  level of assurance  that they are  effective,
they do not expect that the  Compton's  disclosure  controls and  procedures or
internal control over financial  reporting will prevent all errors and fraud. A
control  system,  no matter how well  conceived or  operated,  can provide only
reasonable,  not absolute,  assurance that the objectives of the control system
are met.

MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

The required  disclosure is included on page 17 of the Management's  Discussion
and Analysis of Compton for the fiscal year ended  December 31, 2007,  filed as
part of this Annual Report on Form 40-F and included herein.

ATTESTATION REPORT OF THE REGISTERED PUBLIC ACCOUNTING FIRM

The required disclosure is included in the "Independent  Auditor's Report" that
accompanies  the  Consolidated  Financial  Statements of Compton for the fiscal
year ended December 31, 2007,  filed as part of this Annual Report on Form 40-F
and included herein.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

During the  quarter  ended  March 31,  2007,  we made two  material  changes to
internal  control over financial  reporting.  On March 1, 2007 we converted our
production accounting and royalty management information systems. These changes
were  implemented  to  improve  both  operational   efficiencies  and  internal
controls.  These  conversions  were not due to any identified  internal control
weaknesses.

During the quarter  ended  December  31, 2007,  we made one material  change to
internal change to internal  control over financial  reporting.  On October 15,
2007,  we  implemented  our  substantially  re-engineered  capital  expenditure
approval and tracking  business  process.  This included  improved policies and
procedures  as well as new  workflow  software to support  those  policies  and
procedures.  This change was implemented to improve  operational  effectiveness
and efficiency as well as remediate internal control defiencies.

These  changes  were  subject to our  change  management  procedures  which are
effective.

There  were no other  changes  during  the year ended  December  31,  2007 that
materially  affected,  or are  reasonably  likely  to  materially  affect,  our
internal control over financial reporting.

AUDIT COMMITTEE FINANCIAL EXPERT

The Board of Directors of Compton has determined that John Thomson is an "audit
committee   financial   expert"  (as  defined  in  paragraph  8(b)  of  General
Instruction B to Form 40-F) serving on its Audit,  Finance and Risk  Committee.
Pursuant to paragraph 8(a)(2) of General  Instruction B to Form 40-F, the Board
has determined that Mr. Thomson meets the definition of independence applicable
to audit committee members of New York Stock Exchange listed  companies.  For a
description of Mr. Thomson's relevant experience in financial matters,  see the
"Directors and Officers"  section in Compton's Annual  Information Form for the
year ended December 31, 2007,  which is included as Exhibit 20.1 of this Annual
Report on Form 40-F.

CODE OF BUSINESS CONDUCT AND ETHICS

Compton's Code of Business Conduct and Ethics holds all of Compton's directors,
officers,  employees,  and  consultants  to high  standards  of legal and moral
conduct in all areas of operations. In addition to meeting legal and regulatory
requirements,  Compton  strives  to  conduct  all  operations  fairly  and with
integrity.  Compton's  Code of  Business  Conduct  and  Ethics may be viewed on
Compton's website at WWW.COMPTONPETROLEUM.COM.

In 2007,  no waivers of, or  amendments  to, the Code of  Business  Conduct and
Ethics were made.

PRINCIPAL ACCOUNTANT FEES AND SERVICES

Grant  Thornton LLP ("Grant  Thornton")  has been the auditor of Compton  since
1996.  The aggregate  amounts billed by Grant Thornton for each of the last two
fiscal years for audit fees,  audit-related fees, tax fees, and all other fees,
including  expenses,  are set forth  below.  2006  amounts have been updated to
account for differences between accrued costs and actual billings.  All amounts
are in Canadian dollars.

                                       3
<PAGE>

     AUDIT  FEES:  The  aggregate  fees  billed for each of the last two fiscal
years  of  Compton  ending  December  31,  2007  and  December  31,  2006,  for
professional  services  rendered by Grant  Thornton for the audit of its annual
financial  statements or services that are normally  provided by Grant Thornton
in connection  with statutory and regulatory  filings or engagements  for those
fiscal years,  are $517,000 and $578,610  respectively.  In addition,  in 2007,
fees paid to Grant  Thornton  related to the review of  Sarbanes-Oxley  Act and
similar Canadian regulatory compliance, amounted to $454,000.

     AUDIT-RELATED  FEES:  The  aggregate  fees billed for each of the last two
fiscal years of Compton,  ending  December 31, 2007 and December 31, 2006,  for
audit-related services by Grant Thornton were $43,000 and $69,220 respectively.
Fees in 2007 related to the Compton's Cecil and Worsley property  dispositions,
and in 2006, fees were incurred for services related to the Compton's  issuance
of U.S.$150 million Senior Notes in March 2006.  Compton's  Audit,  Finance and
Risk Committee approved all of the noted services.

     TAX FEES:  The aggregate fees billed for each of the last two fiscal years
of Compton,  ending  December 31, 2007 and December 31, 2006, for  professional
services rendered by Grant Thornton for tax-related  services consisting of the
review of tax forms were nil and $8,795 respectively.  Compton's Audit, Finance
and Risk Committee approved all of the noted services.

     ALL OTHER FEES:  The aggregate fees billed for each of the last two fiscal
years of Compton  ending  December 31, 2007 and  December  31, 2006,  for other
services  consisting  of the  translation  of  Compton's  quarterly  and annual
reports into French,  were $37,699 and $34,740  respectively.  Compton's Audit,
Finance and Risk Committee pre-approved all of the noted services.

     AUDIT COMMITTEE  PRE-APPROVAL POLICIES AND PROCEDURES:  The Audit, Finance
and Risk Committee of Compton  considered  the above fees and  determined  that
they are reasonable and do not impact the  independence of Compton's  auditors.
Further,  such  Committee  determined  that in order to  ensure  the  continued
independence of the auditors,  only limited non-audit related services would be
provided  to Compton by Grant  Thornton  and in such case,  only with the prior
approval  of  the  Audit,  Finance  and  Risk  Committee.   The  Committee  has
pre-approved  Management  to retain  Grant  Thornton to provide  miscellaneous,
minor,  non-audit  services  in  circumstances  where  it is  not  feasible  or
practical  to  convene a meeting  of the  Audit,  Finance  and Risk  Committee,
subject to an aggregate limit of $25,000 per quarter.

OFF-BALANCE SHEET ARRANGEMENTS

Compton does not have any material off-balance sheet arrangements.

CONTRACTUAL OBLIGATIONS

The required  disclosure is included on page 15 of the Management's  Discussion
and Analysis of Compton for the fiscal year ended  December 31, 2007,  filed as
part of this Annual Report on Form 40-F and included herein.

NOTICES PURSUANT TO REGULATION BTR

None.

IDENTIFICATION OF THE AUDIT COMMITTEE

The required  disclosure is included on page 40 of the Annual  Information Form
of Compton for the fiscal year ended  December 31, 2007,  filed as part of this
Annual Report on Form 40-F and included herein.

                                       4
<PAGE>

DISCLOSURE PURSUANT TO THE REQUIREMENTS OF THE NEW YORK STOCK EXCHANGE

     PRESIDING  DIRECTOR AT  EXECUTIVE  SESSIONS OF  NON-MANAGEMENT  DIRECTORS:
Compton's  Chair of the  Board,  who is not a member of  Compton's  management,
presides at all  executive  sessions of  non-management  directors of Compton's
Board of Directors.  In the absence of the Chair of the Board,  pursuant to the
Board of  Directors  Charter,  the members of the  executive  session  choose a
member to preside over such executive session.

     COMMUNICATIONS   WITH   NON-MANAGEMENT   DIRECTORS:   Communications  with
Compton's non-management directors may be addressed to: Chair of the Board; c/o
Corporate  Secretary,  Compton  Petroleum  Corporation,  3300, 425 - 1st Street
S.W., Calgary, Alberta, Canada T2P 3L8.

     CORPORATE GOVERNANCE GUIDELINES:  Compton has adopted Corporate Governance
Principles,    which   can   be   found   on   the    Compton's    website   at
www.comptonpetroleum.com.


                                       5
<PAGE>

                  UNDERTAKING AND CONSENT TO SERVICE OF PROCESS

UNDERTAKING

Compton   undertakes   to  make   available,   in  person   or  by   telephone,
representatives  to respond to inquiries made by the Commission  staff,  and to
furnish promptly, when requested to do so by the Commission staff,  information
relating to: the securities registered pursuant to Form 40-F; the securities in
relation to which the  obligation to file an annual report on Form 40-F arises;
or transactions in said securities.

CONSENT TO SERVICE OF PROCESS

Compton  has  previously  filed a Form  F-X in  connection  with  the  class of
securities in relation to which the obligation to file this report arises.

Any  change to the name or  address  of the agent for  service  of  process  of
Compton shall be communicated promptly to the Commission by an amendment to the
Form F-X referencing the file number of the relevant registration statement.


                                    SIGNATURE

Pursuant to the  requirements  of the Exchange Act,  Compton  certifies that it
meets all of the  requirements for filing on Form 40-F and has duly caused this
Annual  Report to be signed on its  behalf  by the  undersigned,  thereto  duly
authorized.

Dated this 31st day of March, 2008.


                                     COMPTON PETROLEUM CORPORATION


                                     By: /s/ Norman G. Knecht
                                         --------------------------------------
                                         Name:  Norman G. Knecht
                                         Title: Vice President, Finance & Chief
                                                Financial Officer




<PAGE>

Documents filed as part of this report:


                                  EXHIBIT INDEX

EXHIBIT NO. DESCRIPTION


20.1     Annual Information Form for the fiscal year ended December 31, 2007.

20.2     Consolidated  Financial Statements for the fiscal years ended December
         31, 2007 and 2006.

20.3     Management's  Discussion  and  Analysis  for  the  fiscal  year  ended
         December 31, 2007.

23.1     Consent of Grant Thornton LLP, independent chartered accountants.

23.2     Consent of Netherland, Sewell & Associates, Inc.

31.1     Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or
         15d-14 of the Securities Exchange Act of 1934.

31.2     Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or
         15d-14 of the Securities Exchange Act of 1934.

32.1     Certification of Chief Executive  Officer pursuant to Rule 13(a)-14(b)
         and Section  1350 of Chapter 63 of Title 18 of the United  States Code
         (18 U.S.C. 1350).

32.2     Certification of Chief Financial  Officer pursuant to Rule 13(a)-14(b)
         and Section  1350 of Chapter 63 of Title 18 of the United  States Code
         (18 U.S.C. 1350).