8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

May 4, 2007
Date of Report (Date of earliest event reported)

EXPLORATION DRILLING INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)

NEVADA	000-50459	98-0396733
(State or other jurisdiction of	(Commission File	(IRS Employer Identification No.)
incorporation)	Number)

Suite 212 – 810 Peace Portal Drive
Blaine, WA	98230
(Address of principal executive offices)	(Zip Code)

(360) 305-5696
Registrant's telephone number, including area code

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

____ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

____ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

____ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

____ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

SECTION 3 – CORPORATE GOVERNANCE AND MANAGEMENT

ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.

On May 4, 2007, Exploration Drilling International Inc. (the “Company”) completed a private placement of 1,875,000 units at a price of $0.32 per unit for total proceeds of $600,000. Each unit is comprised of one share of the Company’s common stock and one share purchase warrant. Each share purchase warrant will entitle the holder to purchase one additional share of the Company’s common stock at a price of $0.32 per share for a period of one year from the date of issuance. This private placement was completed pursuant to the provisions of Regulation S promulgated under the Securities Act of 1933. The Company did not engage in a distribution of this offering in the United States. The investor represented that it was not a US persons as defined in Regulation S, and has provided representations indicating that it was acquiring the Company’s securities for investment purposes only and not with a view towards distribution.

The Company paid a finder's fee of 10% of the proceeds in cash, to Montalban Anstalt, of Liechtenstein, in consideration of its efforts in arranging the private placement. The Company intends to use the funds provided by the private placement as general working capital and to finance its business operations.

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibits

Exhibit Number	Description of Exhibit
99.1	Press Release dated May 8, 2007

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	EXPLORATION DRILLING INTERNATIONAL INC.
Date: May 8, 2007
	By:	/s/ Guenter Thiemann
		GUENTER THIEMANN
		Chief Financial Officer

2

EX-99.1

EXPLORATION DRILLING INTERNATIONAL INC.
# 212-810 Peace Portal Drive
Blaine, WA, 98230
USA
TELEPHONE: (360) 305-5696
OTC BB: EXDL

May 9, 2007

FOR IMMEDIATE DISEMINATION

EXPLORATION DRILLING ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Blaine, Washington – May 9, 2007 – Exploration Drilling International Inc. (OTCBB: EXDL) (the "Company") announced that it has closed a private placement with a corporate investor of 1,875,000 units, sold at a price of $0.32 per unit, for total proceeds of $600,000. Each unit was comprised of one share of the Company’s common stock and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional share of the Company’s common stock at a price of $0.32 per share for a period of one year from the date of issuance. This private placement was made in reliance on the provisions of Regulation S promulgated under the Securities Act of 1934.

The Company paid a finder's fee of 10% of the proceeds in cash to Montalban Anstalt of Liechtenstein in consideration of its efforts in arranging the private placement. The Company intends to use the funds provided by the private placement as general working capital and to finance its business operations.

This press release may contain, in addition to historical information, forward-looking statements. These forward looking statements are based on management's expectations and beliefs, and may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. In particular, although the above private placement financing has raised significant funding for the Company, the Company will require substantially more funds in order to complete its business plans for the next twelve months. Even if the Company is able to obtain the funding necessary to complete its business plans, there is no assurance that its business will be successful. To date, the Company has not earned significant revenues, and there are no assurances that the Company will earn significant revenues in the future.

Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.

EXPLORATION DRILLING INTERNATIONAL INC.

/s/ Guenter Thiemann
________________________
Guenter Thiemann
Chief Financial Officer