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

~~October~~March 175, ~~2008~~ 2009 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)
Mendelstrasse 11, Technologiehof,
D-48149, Muenster, Germany
(Address of principal executive offices)		(Zip Code)

Mendelstrasse 11, Technologiehof,
D-48149, Muenster, Germany
(Address of principal executive offices)	(Zip Code)

0049-2364-604428
Registrant's telephone number, including area code

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 53 – CORPORATE GOVERNANCE AND MANAGEMENT

ITEM 53.02 ~~DEPARTURE~~UNREGISTERED OFSALES ~~DIRECTORS OR CERTAIN OFFICERS; ELECTION~~ OF ~~DIRECTORS;~~EQUITY ~~APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS~~SECURITIES.

On ~~October~~March 175, ~~2008~~2009, Exploration Drilling International Inc. (the “Company”) ~~granted~~issued ~~options~~8,074,010 units at a price of $0.05 per unit (the “Units”) in order to ~~acquire~~settle an ~~aggregate~~outstanding indebtedness of ~~500~~$403,~~000~~700.51 ~~shares~~pursuant ofto the terms of subscription and debt settlement agreements entered into with each creditor. Each unit is comprised of one share of the Company’s common stock ~~under~~and one share purchase warrant. Each share purchase warrant will entitle the holder to purchase one additional share of the Company’s ~~2008~~common ~~Stock~~stock ~~Option~~at ~~Plan~~a price of $0.07 per share for a period ending two (2) years from the ~~“2008~~date of issuance of the ~~Plan”)~~units. The issuance was completed pursuant to ~~John~~the ~~Boschert,~~provisions of Regulation S promulgated under the ~~Company’s~~Securities ~~Secretary~~Act of 1933. The ~~options~~Company ~~granted~~did tonot ~~Mr.~~engage in a ~~Boschert~~distribution ~~are~~of ~~exercisable~~this ~~immediately~~offering atin the United States. The creditors represented that they were not a ~~price~~US ofperson ~~$0.11~~as ~~per~~defined ~~share,~~in Regulation S and ~~expire~~that 5they were not ~~years~~acquiring ~~after~~the units for the ~~grant~~account ~~date~~or benefit of a US person.

InSECTION ~~addition~~9 to– ~~the~~FINANCIAL ~~options~~STATEMENTS ~~granted~~AND to Mr. Boschert, the Company granted options to acquire an additional 1,675,000 shares of the Company’s common stock under the 2008 Plan to various consultants of the Company. See Item 8 – Other Events.EXHIBITS

~~SECTION~~ITEM 89.01 –FINANCIAL ~~OTHER~~STATEMENTS ~~EVENTS~~AND EXHIBITS

~~ITEM~~(d) ~~8.01 OTHER EVENTS~~Exhibits

On October 17, 2008, Exploration Drilling International Inc. (the “Company”) granted options to acquire an aggregate of 1,675,000 shares of the Company’s common stock under the Company’s 2008 Stock Option Plan (the “2008 Plan”) to various consultants of the Company. The options are exercisable at a price of $0.11 per share, and expire 5 years after the options vest. 1,475,000 of the options granted may be exercised immediately. The remaining 200,000 options granted vest on August 1, 2009.

Exhibit Number	Description of Exhibit

10.1	Subscription and Debt Settlement Agreement between the Company and Sea Resort Ltd.

10.2	Subscription and Debt Settlement Agreement between the Company and Sunridge Investments Corp.

10.3	Subscription and Debt Settlement Agreement between the Company and Torbay Holdings Inc.

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: October 24, 2008
Date: March 10, 2009
	By:	/s/ ~~John~~Guenter ~~Boschert~~Thiemann
		JOHN BOSCHERT
		GUENTER THIEMANN
		Secretary
		Chief Financial Officer

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