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 *
ORING MARTIN B
   2. Issuer Name and Ticker or Trading Symbol
PetroHunter Energy Corp [PHUN] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman, President & CEO
(Last)
(First)
(Middle)
1600 STOUT STREET, #2000		 3. Date of Earliest Transaction (Month/Day/Year)
08/15/2009
(Street)

DENVER, CO 80202		 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
Common Stock 08/15/2009   A   5,000,000 A (1) 5,000,000 D  

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options (Right to Buy) $ 0.19               (2) 09/21/2012 Common Stock 750,000   750,000 D  
Options (Right to Buy) $ 0.2             10/17/2007 10/17/2012 Common Stock 100,000   100,000 D  
$250,000-8.5% Convertible Debentures $ 0.15             11/07/2007 11/07/2012 Common Stock 1,666,667   1,666,667 I By Wealth Preservation Defined Benefit Plan
Warrants (Right to Buy) $ 0.25             11/07/2007 11/07/2012 Common Stock 1,666,667   1,666,667 I By Wealth Preservation Defined Benefit Plan
Options (Right to Buy) $ 0.22             08/25/2008 08/25/2013 Common Stock 200,000   200,000 D  
Warrants (Right to Buy) $ 0.25             05/08/2008 11/07/2012 Common Stock 66,667   66,667 I By Wealth Preservation Defined Benefit Plan
Warrants (Right to Buy) $ 0.25             08/12/2008 11/07/2012 Common Stock 33,333   33,333 I By Wealth Preservation Defined Benefit Plan
Warrants (Right to Buy) $ 0.25             12/31/2008 11/07/2012 Common Stock 33,333   33,333 I By Wealth Preservation Defined Benefit Plan
Warrants (Right to Buy) $ 0.125             05/14/2009 11/07/2012 Common Stock 66,667   66,667 I By Wealth Preservation Defined Benefit Plan

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ORING MARTIN B
1600 STOUT STREET, #2000
DENVER, CO 80202		   X     Chairman, President & CEO  

Signatures

 Martin B. Oring   08/17/2009
**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) Mr. Oring received these shares as compensation.
(2) Mr. Oring was granted 750,000 options on September 21, 2007. 50% were exercisable upon date of grant and 50% become exercisable on September 21, 2008.

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