Edgar Filing: GRAY EVERETT WILLARD II

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

GRAY EVERETT WILLARD II

2. Issuer Name and Ticker or Trading Symbol
Doral Energy Corp. [DRLY]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
CEO/CFO/Pres/Sec/Treas/Chair

(Last)

(First)

(Middle)

3300 N. "A" STREET, BLDG 2, SUITE 218

3. Date of Earliest Transaction (Month/Day/Year)
04/29/2010

(Street)

MIDLAND, TX 79705

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Convertible Promissory Note

⁽¹⁾

04/29/2010

1 ⁽²⁾

⁽¹⁾

Common Stock

⁽¹⁾

1 ⁽¹⁾

held by WS Oil & Gas Limited

Convertible Promissory Note

⁽¹⁾

04/29/2010

1 ⁽³⁾

⁽¹⁾

Common Stock

⁽¹⁾

1 ⁽¹⁾

held by WS Oil & Gas Limited

Convertible Promissory Note

⁽¹⁾

09/16/2010

1 ⁽⁴⁾

⁽¹⁾

Common Stock

⁽¹⁾

1 ⁽¹⁾

held by WS Oil & Gas Limited

Convertible Promissory Note

⁽¹⁾

09/16/2010

1 ⁽⁵⁾

⁽¹⁾

Common Stock

⁽¹⁾

1 ⁽¹⁾

held by WS Oil & Gas Limited

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
GRAY EVERETT WILLARD II 3300 N. "A" STREET, BLDG 2, SUITE 218 MIDLAND, TX 79705	X	X	CEO/CFO/Pres/Sec/Treas/Chair

Signatures

Everett Willard Gray, II		11/29/2010
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Convertible Promissory Note (the "WS Oil Note") issued to WS Oil & Gas Limited 8/24/2009. Interest and principal convertible at the greater of four times market price for the 5 trading days prior to conversion and $0.05. Upon completion of the transactions reported herein, a total of $400,000 remained due and payable to WS Oil and Gas Limited under the WS Oil Note.
(2)	WS Oil & Gas Limited assigned $7,500 of the amounts due under the WS Oil Note to War Chest Multi-Strategy Fund, LLC, an entity unrelated to the Reporting Person.
(3)	WS Oil & Gas Limited assigned $7,500 of the amounts due under the WS Oil Note to Barclay Lyons, LLC, an entity unrelated to the Reporting Person.
(4)	WS Oil & Gas Limited assigned $25,000 of the amounts due under the WS Oil Note to War Chest Multi-Strategy Fund, LLC, an entity unrelated to the Reporting Person.
(5)	WS Oil & Gas Limited assigned $25,000 of the amounts due under the WS Oil Note to Barclay Lyons, LLC, an entity unrelated to the Reporting Person.

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