Mogul Energy Commences the Drilling of Its Third Well in South Texas This Year - The Werland Heirs Well #1, Aransas County, Texas

HOUSTON, Dec. 27, 2011 /PRNewswire/ -- Mogul Energy International, Inc. ("Mogul") (OTCBB: MGUY) today announced the commencement of drilling operations on its third well this year with the spudding of the Werland Heirs #1 well in the Mud Flats Field, Aransas County, Texas.  This well is located approximately 10 miles northwest of Aransas Pass, Texas in the D.C. Barrett League, A-321.  Drilling is expected to take approximately 21 days to reach the well's target depth of 9,600 fee...continued MGUY  Energy oil petroleum

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