OTC Bulletin Board S & P Company Insight for DELTA OIL & GAS INC
Profile
	Business Summary: Delta Oil & Gas, Inc., a development stage exploration company, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of oil and natural gas properties in North America.   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:  10000 Founded:  2001 Domicile:  Colorado
Background
	Delta Oil & Gas, Inc., a development stage exploration company, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of oil and natural gas properties in North America. It holds working interests in Todd Creek and Hillspring prospects located south of Calgary, Alberta in the Southern Alberta Foothills belt; the Palmetto Point prospect located in Mississippi, the United States; the Wordsworth prospect located in southeast Saskatchewan, Canada; and the Owl Creek prospect located in Oklahoma, the United States. 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 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   2007 2006 Oil & gas sales 913,808 517,000 Cost & exps. 1,581,142 797,695 Interest income 37,052 24,117 Other income -- 39,933 Gain on sale of oil property -- 1,061,159 Depr. & amort. 667,513 467,899 Nonrecurring charges 936,584 611,378 Net income (2,249,959) (234,763) Share earns. basic ($0.05) ($0.01) Share earns. diluted ($0.05) ($0.01) Avge. shares 45,705,191 44,823,126   Balance Sheet   2007 2006 Assets: Cash 71,115 1,668,758 Accts. rec., net 390,102 88,451 Prepayments 26,276 1,611 Tot. curr assets 487,493 1,758,820 Oil & gas props. 2,801,036 2,669,359 Net property 1,132 837 Total assets 3,289,661 4,429,016 Liabilities: Accts. pay. & accruals 166,217 39,526 Tot. curr. liabs. 166,217 39,526 Asset retirement obligation 111,803 40,635 Com. stk. p.$0.001 45,941 45,071 Paid-in cap. 6,136,288 5,411,761 Other Stockholders' Equity 187,348 -- Retained earns. (3,357,936) (1,107,977) Total Stockholders' Equity 3,011,641 4,348,855 Total liabs. 3,289,661 4,429,016 Common Shares 45,940,506 45,070,406
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   1 70,000   2008   1 280,000   2008   2 310,000   2008   3 190,000   2008   4 90,000   2008   Full Year 860,000   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   2004   Full Year 10,000     Quarterly Net Income, US$ Year Quarter Revenue   2009   1 (220,000)   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)   2004   Full Year (31,600)     Quarterly EPS, US$ Year Quarter Revenue   2009   1 Nil   2008   1 (.01)   2008   2 Nil   2008   3 .01   2008   4 (.01)   2008   Full Year Nil   2007   1 (.01)   2007   2 (.01)   2007   3 Nil   2007   4 (.02)   2007   Full Year (.05)   2006   1 Nil   2006   2 Nil   2006   3 Nil   2006   4 Nil   2006   Full Year (.01)   2005   1 Nil   2005   2 Nil   2005   3 (.01)   2005   4 Nil   2005   Full Year (.01)   2004   1 Nil   2004   2 Nil   2004   3 Nil   2004   4 Nil   2004   Full Year (.01)
Stock Data
	Capitalization as of 03/31/2008:     Authorized Shares Outstanding Shares Preferred $0.001 par 25,000,000 None Common $0.001 par 100,000,000 45,940,506   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:  01/31/2008, 10000. Transfer Agent:  Pacific Stock Transfer Co.   Las Vegas , NV   OTC Bulletin Board( Primary): DOIG   Exchange Year High Low 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 split 5.5-for-1, Dec. 15, 2004.