OTC Bulletin Board S & P Company Insight for DELTA OIL & GAS INC
Profile
	Business Summary: Delta Oil & Gas, Inc., an independent natural gas and oil company, engages in the exploration, development, and acquisition of natural gas and oil properties in the United States and Canada.   Address   2600 144 4th Ave SW   Calgary , AB T2P 3N4   Phone: 866-355-3644   Website: http://www.deltaoilandgas.com Auditor   Telford Sadovnick   Bellingham , WA Transfer Agent   Pacific Stock Transfer Co. ShareHolders:  92 Founded:  2001 Domicile:  Colorado
Background
	Delta Oil & Gas, Inc., an independent natural gas and oil company, engages in the exploration, development, and acquisition of natural gas and oil properties in the United States and Canada. It holds working interests in acreage located in King City and North Sacramento Valley, California; Southern Saskatchewan, Canada; South Central, Oklahoma; and Eastern, Texas. The company was founded in 2001 and is based in Calgary, Canada. History:  INCORPORATED in Colorado Jan. 9, 2001.   Subsidiaries: Delta Oil & Gas (Canada) Inc.     Capital Expenditures, thousand. US Dollars   Year   Amount   2006   0   2005   1,992   2004   50
Management
	Management Officers Position  Douglas N. Bolen Chairman & President  Christopher  Paton-Gay Chief Executive Officer  Kulwant  Sandher Secretary, Chief Financial Officer & Chief Accounting Officer Directors  Douglas N. Bolen  Christopher  Paton-Gay  Kulwant  Sandher
Annual Report
	Annual Report   Income Statement   2008 2007 REVENUES Natural Gas and Oil Sales 860,092 913,808 Gain on Sale of Natural Gas and Oil Properties 1,067,447 - Total Revenues 1,927,539 913,808 EXPENSES Oil and Gas Operating Expense (222,269) (199,062) General and Administrative Expenses (257,552) (1,375,933) Dry Well Costs Written off - (1,271) Accretion (2,529) (4,876) Depreciation and Depletion (265,942) (667,513) Impairment of Oil & Gas Properties (1,393,687) (936,584) Interest Expense (5,016) - Interest Income 7,025 37,052 Earnings before Taxes (212,431) (2,234,379) TAXES AND OTHER EXPENSES Provision for Income Tax (3,395) (15,580) Net Income (Loss) (215,826) (2,249,959) SUPPLEMENTARY INFO Operating Income (Loss) (214,440.00) (2,271,431.00) Basic and diluted EPS - Continuing Operations Nil (0.05)   Balance Sheet   2008 2007 CURRENT ASSETS Cash and Cash Equivalents 980,562 71,115 Accounts Receivables 65,614 153,990 Gic Receivable - 236,112 Franchise Tax Prepaid - 6,912 Prepaid Expenses 11,193 19,364 Total Current Assets 1,057,369 487,493 NON CURRENT ASSETS Unproved Properties 630,376 1,368,260 Other Equipment Computer Equipment 4,483 4,483 Accumulated Depreciation (4,311) (3,351) Proved Property 892,096 1,432,776 Total Assets 2,580,013 3,289,661 CURRENT LIABILITIES Accounts Payable and Accrued Liabilities 26,553 166,217 NON CURRENT LIABILITIES Asset Retirement Obligations 23,604 111,803 SHAREHOLDERS' EQUITY Common Stock - Par Value 46,841 45,941 Additional Paid in Capital 6,050,799 6,136,288 Deficit Accumulated during the Development Stage (3,573,762) (3,357,936) Cumulative Other Comprehensive Income 5,978 187,348 Total Shareholders Equity 2,529,856 3,011,641 Total Liabilities & Shareholders Equity 2,580,013 3,289,661
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2010   1 130,000   2009   1 70,000   2009   2 60,000   2009   3 100,000   2009   4 120,000   2009   Full Year 510,000   2008   1 280,000   2008   2 310,000   2008   3 190,000   2008   4 90,000   2008   Full Year 1,930,000   2007   1 150,000   2007   2 260,000   2007   3 230,000   2007   4 280,000   2007   Full Year 910,000   2006   1 2,190,000   2006   2 Nil   2006   3 170,000   2006   4 350,000   2006   Full Year Nil   2005   3 1,070,000   2005   Full Year 10,000     Quarterly Net Income, US$ Year Quarter Revenue   2010   1 (130,000)   2009   1 (220,000)   2009   2 (850,000)   2009   3 (80,000)   2009   4 (1,190,000)   2009   Full Year (2,340,000)   2008   1 (340,000)   2008   2 40,000   2008   3 660,000   2008   4 (580,000)   2008   Full Year (220,000)   2007   1 (630,000)   2007   2 (310,000)   2007   3 (210,000)   2007   4 (1,110,000)   2007   Full Year (2,250,000)   2006   1 (170,000)   2006   2 10,000   2006   3 (190,000)   2006   Full Year (275,400)   2005   3 (330,000)   2005   Full Year (570,100)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 (.01)   2009   1 Nil   2009   2 (.05)   2009   3 Nil   2009   4 (.09)   2009   Full Year (.19)   2008   1 (.05)   2008   2 Nil   2008   3 .05   2008   4 (.05)   2008   Full Year Nil   2007   1 (.05)   2007   2 (.05)   2007   3 Nil   2007   4 (.10)   2007   Full Year (.25)   2006   1 Nil   2006   2 Nil   2006   3 Nil   2006   4 Nil   2006   Full Year (.05)   2005   1 Nil   2005   2 Nil   2005   3 (.05)   2005   4 Nil   2005   Full Year (.05)
Stock Data
	Capitalization as of 12/31/2009:     Authorized Shares Outstanding Shares Preferred $0.001 par 25,000,000 None Common $0.001 par 100,000,000 13,357,107   LONG TERM DEBT: None.   Common $0.001 par   COMMON SOLD: May 2, 2005, the company issued 1,200,000 Common shares and a like number of Common share purchase warrants in Units (each consisting of one Common share and one Common share purchase warrant) at $1.00 per Unit for gross proceeds of $1,200,000.   Stockholders:  03/22/2010, 92. Transfer Agent:  Pacific Stock Transfer Co.   Las Vegas , NV   OTC Bulletin Board( Primary): DLTA   Exchange Year High Low OTC Bulletin Board 2009 0.2100 0.0100 OTC Bulletin Board 2008 0.3100 0.0100 OTC Bulletin Board 2007 1.2900 0.1500 OTC Bulletin Board 2006 4.1300 0.6000 OTC Bulletin Board 2005 1.8300 0.8300 OTC Bulletin Board 2004 1.5500 0.1364   DIVIDENDS: Common $0.001 par: No cash. Common $0.001 par split 5.5-for-1, Dec. 15, 2004. Common $0.001 par reverse split 1-for-5, Oct. 27, 2009.