UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

             Quarterly Report Pursuant to Section 13 or 15(d) of the
                      Securities and Exchange Act of 1934.

                  For the quarterly period ended March 31, 2003

                         Commission File Number: 0-32507


                             Energy Producers, Inc.
             (Exact name of registrant as specified in its charter.)

                Nevada                                       8-0345961
  (State or other jurisdiction of                       (I.R.S. Employer
   incorporation or organization)                       identification No.)

    7944 E. Beck Lane, Suite 200
        Scottsdale, Arizona                                 85260-1774
(Address of principal executive offices)                    (Zip Code)

       Registrant's telephone number, including area code: (480) 778-0488

   Indicate  by check mark  whether  the  registrant  (1) has filed all  reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

                        YES [X]          NO [ ]

   Indicate the number of shares  outstanding of each of the issuer's classes of
common stock as of the latest practical date:

            13,217,812 Shares of common stock issued and outstanding.



<PAGE>




                              ENERGY PRODUCERS, INC
                            (formerly Sterling Market
                                Positions, Inc.)
                                     10-QSB
                                 March 31, 2003

                                Table of Contents
                                -----------------

         PART 1: FINANCIAL INFORMATION
         -----------------------------

         Item 1. Financial Statements

         Balance Sheets-Assets.........................................3

         Balance Sheets -Liabilities and Stockholders' Equity.. .......4

         Statements of Operations......................................5

         Statement of Stockholders' Equity.............................6-7

         Statement of Cash Flows.......................................8

         Notes to Consolidated Financial Statements....................9

         Item 2. Management's Discussion and Analysis
                 or Plan of Operation.................................10

         Item 3. Controls And Procedures..............................11


         PART II: OTHER INFORMATION
         -------------------------

         Item 1 - Legal Proceedings....................................12

         Item 2 - Changes in Securities................................12

         Item 3 - Defaults upon Senior Securities......................12

         Item 4 - Submission of Matters to a Vote of Security Holders..12

         Item 5 - Other Information....................................12

         Item 6 - Exhibits and Reports on Form 8-K.....................12

         Signature.....................................................13

         Certifications................................................14


                                        2


<PAGE>

PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

                             ENERGY PRODUCERS, INC.
                   (formerly Sterling Market Positions, Inc.)
                           CONSOLIDATED BALANCE SHEETS


                                     ASSETS

                                                      March 31,   December 31,
                                                         2003         2002
                                                      ---------   ------------
                                                     (Unaudited)
Current Assets
Cash                                                 $  46,939      $  19,143
Accounts receivable                                     25,081         19,706
Inventory                                               50,507         50,507
Notes and other receivables                              2,500          2,500
Prepaid expenses                                        15,837         13,837
                                                       -------       --------

         Total Current Assets                          140,864        105,693
                                                      --------       --------

Property and Equipment:
Land                                                     9,000          9,000
Buildings/Improvements                                  47,184         47,184
Equipment                                               98,571         98,571
  Less:  accumulated depreciation                     (109,161)       (108,672)
                                                       -------         -------
     Net Property and Equipment                         45,594          46,083
                                                       -------         -------

Oil and Gas Leases                                   1,215,809      1,215,809
  Less:  accumulated amortization                   (    5,503)    (    4,851)
                                                     ---------     ----------
                                                     1,210,306      1,210,958
                                                     ---------      ---------

Total Net Properties and Equipment                   1,255,900      1,257,041
                                                     ---------      ---------

         Total Assets                               $1,396,764     $1,362,734
                                                    ==========     ==========



See accompanying notes


                                        3


<PAGE>
                             ENERGY PRODUCERS, INC.
                   (formerly Sterling Market Positions, Inc.)
                           CONSOLIDATED BALANCE SHEETS


                      LIABILITIES AND STOCKHOLDERS' EQUITY

                                                      March 31,   December 31,
                                                         2003         2002
                                                      ---------   ------------
                                                    (Unaudited)
Current Liabilities
Accounts payable                                      $ 48,730       $ 50,346
Taxes payable                                              230            498
Notes payable                                          138,287        326,413
Accrued interest                                        99,266        177,891
                                                      --------       --------

   Total Current Liabilities                           286,513        555,148
                                                      --------       --------

Long-term Liabilities
Notes payable                                          305,100        169,032
Due to shareholders                                  1,440,252      1,202,819
                                                     ---------      ---------

   Total Long-term Liabilities                       1,745,352      1,371,851
                                                     ---------      ---------

         Total Liabilities                           2,031,865      1,926,999
                                                     ---------      ---------

Stockholders' Equity:
Common stock:
 Authorized 200,000,000 shares at $0.001
 par value. Issued and outstanding at
 March 31, 2003, 13,217,812; and 12,017,812
 at December 31, 2002                                   13,218         12,018

Preferred stock:
 Authorized 50,000,000
 shares at $0.001 par value.
 Issued and outstanding:  None.

Paid in capital                                        724,439        707,039
Accumulated deficit                                 (1,372,758)    (1,283,322)
                                                     ---------      ---------

         Total Stockholders' Equity                 (  635,102)    (  564,265)
                                                     ---------      ---------
         Total Liabilities and
          Stockholders' Equity                      $1,396,764     $1,362,734
                                                    ==========     ==========


See accompanying notes.

                                        4
<PAGE>

                             ENERGY PRODUCERS, INC.
                   (formerly Sterling Market Positions, Inc.)
                      CONSOLIDATED STATEMENT OF OPERATIONS
                                   (Unaudited)

                                                         Three Months Ended
                                                      ------------------------
                                                      March 31,      March 31,
                                                        2003           2002
                                                      ---------      ---------
Revenues:
 Oil Revenues                                         $ 81,729       $ 57,802
 Cost of Sales                                        ( 22,651)      ( 22,268)
                                                       -------        -------
  Net Oil Revenues                                      59,078         35,534
                                                       -------        -------

Subsidiary Sales                                         6,272          3,083
 Cost of Goods Sold                                   (  1,741)      (  1,524)
                                                       -------        -------
  Net Subsidiary Sales                                   4,531          1,559
                                                       -------        -------

Total Net Revenues                                      63,609         37,093
                                                       -------        -------

Operating Expenses:
 Depreciation and Amortization                        (  1,141)      (    933)
 Selling, General and Administrative                  (118,072)      ( 90,921)
                                                       -------        -------

  Total Operating Expenses                            (119,213)      ( 91,854)
                                                       -------        -------

  Gain (Loss) from operations                         ( 55,604)      ( 54,761)
                                                       -------        -------

Other Income (Expense):
 Sale of Assets                                            -0-          5,500
 Provision for federal income tax                          -0-            -0-
 Interest expense                                     ( 33,833)      ( 28,224)
                                                       -------        -------

  Total Other Income (Expense)                        ( 33,833)      ( 22,724)
                                                       -------        -------

Income (Loss) before provision for
  income taxes                                        ( 89,437)      ( 77,485)
Provision for income taxes                                 -0-            -0-
                                                       -------        -------

Net Income (Loss)                                    $( 89,437)     $( 77,485)
                                                    ==========      =========

Number of Outstanding Shares                        13,217,812     11,791,812

See accompanying notes.
                                        5
<PAGE>
<TABLE>
<CAPTION>
                             ENERGY PRODUCERS, INC.
                   (formerly Sterling Market Positions, Inc.)
                  CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY
           From October 4, 1995 (date of inception) to March 31, 2003

                                       Common Stock        Paid in   Accumulated
                                     Shares      Amount    Capital     Deficit       Totals
                                    ---------   --------   -------   -----------     ------
<S>                                 <C>         <C>        <C>       <C>             <C>
Shares issued at inception
 to initial shareholders            1,250,000     1,250                               1,250
Capital contributed by S/H                                  71,920                   71,920
Net(loss) for year 1995                                               (   31,096)  ( 31,096)
                                    ---------   --------   -------   -----------   --------
Balance December 31, 1995           1,250,000     1,250     71,920    (   31,096)  ( 42,074)

Capital contributed by S/H                                 290,087                  290,087
Net(loss) for year 1996                                                ( 332,088)  (332,088)
                                    ---------   --------   -------   -----------   --------
Balance December 31, 1996           1,250,000     1,250    362,007     ( 363,184)        73

Capital contributed by S/H                                  51,046                   51,046
Net(loss) for year 1997                                                 ( 51,046)  ( 51,046)
                                    ---------   --------   -------   -----------   --------
Balance December 31, 1997           1,250,000     1,250    413,053      (414,230)        73

Capital contributed by S/H                                  71,913                   71,913
Net(loss) for year 1998                                                 ( 71,986)   (71,986)
                                    ---------   --------   -------   -----------   --------
Balance December 31, 1998           1,250,000     1,250    484,966     ( 486,216)         0

Stock surrendered by S/H
 and retired to treasury            ( 189,023)   (  189)       189                        0
Issuance of stock for
 reverse acquisition of
 Energy Producers Group, Inc.       9,820,835     9,821    114,108                  123,929
Capital contributed by S/H                                  27,325                   27,325
Net(loss) for the year 1999                                            ( 330,323)  (330,323)
                                    ---------   --------   -------   -----------   --------
Balance December 31, 1999          10,881,912    10,882    626,588     ( 816,539)  (179,069)

Stock issued as consideration
 for loans and other services          10,000        10      1,240                   1,250
Net gain for year 2000                                                    44,817     44,817
                                    ---------   --------   -------   -----------   --------
Balance December 31, 2000          10,891,812    10,892    627,828      (771,722)  (133,002)

Capital contributed by S/H            105,000       105     13,125                   13,230
Stock issued as consideration
 for loans and other services         745,000       745     43,842                   44,587
Net(loss) for year 2001                                                  ( 8,275)    (8,275)
                                    ---------   --------   -------   -----------   --------
Balance December 31, 2001          11,741,812    11,742    684,795      (779,997)   (83,460)
</TABLE>
(continued on following page)

                                       6



<PAGE>
<TABLE>
<CAPTION>
                             ENERGY PRODUCERS, INC.
                   (formerly Sterling Market Positions, Inc.)
                  CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY, continued
           From October 4, 1995 (date of inception) to March 31, 2003

                                       Common Stock        Paid in   Accumulated
                                     Shares      Amount    Capital     Deficit       Totals
                                    ---------   --------   -------   -----------     ------
<S>                                 <C>         <C>        <C>       <C>             <C>
Balance December 31, 2001          11,741,812    11,742    684,795      (779,997)   (83,460)
Stock issued as consideration
 for loans and other services         276,000       276     22,244                   22,520
Net(loss) for year 2002                                                 (503,325)  (503,325)
                                    ---------   --------   -------   -----------   --------
Balance December 31, 2002          12,017,812    12,018    707,039    (1,283,322)  (564,265)

Stock issued as consideration
 for loans and other services       1,200,000     1,200     17,400                   18,600
Net loss for the quarter
 Ended March 31, 2003                                                 (   89,437)  ( 89,437)
                                    ---------   --------   -------   -----------   --------
Balance March 31, 2003 (Unaudited) 13,217,812    13,218    724,439    (1,372,758)  (635,102)
                                   ==========   =======    =======   ===========   ========
</TABLE>

See accompanying notes.

                                        7
<PAGE>
                             ENERGY PRODUCERS, INC.
                   (formerly Sterling Market Positions, Inc.)
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (Unaudited)

                                                         Three Months Ended
                                                      ------------------------
                                                      March 31,      March 31,
                                                        2003           2002
                                                      ---------      ---------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profit (loss)                                    $( 89,437)    $ ( 77,485)
Non-cash adjustments to reconcile net income
to Net cash provided by operating activities:
 Depreciation and amortization                           1,141            933
 Accumulated depreciation reduction
  in connection with disposal                                -       (  5,500)
Change in assets and liabilities:
(Increase)decrease  in accounts receivable            (  5,375)      ( 10,663)
(Increase)decrease  in inventory                             -              -
 Increase(decrease) in accounts payable               (  1,883)      (  4,239)
 Increase(decrease) in accrued expenses               ( 80,625)         8,992
                                                      --------      ---------
Net cash provided(used) by operating activities       (176,179)      ( 87,962)
                                                      --------      ---------
CASH FLOWS FROM INVESTING ACTIVITIES:
(Increase)decrease in notes receivable                       -              -
 Proceeds from sale (cost) of equipment                      -          5,500
 Purchase of oil properties                                  -              -
                                                                            -
Net cash provided(used)by investing activities             -0-          5,500

CASH FLOWS FROM FINANCING ACTIVITIES:
 Proceeds from notes payable                                 -         83,000
 Repayment of notes payable                           ( 52,058)      (205,858)
 Increase in shareholder notes payable                 237,433        183,399
 Stock issued                                            1,200             50
 Contributed capital                                    17,400          9,950
                                                      --------        -------
Net cash provided(used) by financing activities        203,975       ( 70,541)
                                                      --------        -------

NET INCREASE (DECREASE) IN CASH                         27,796       ( 11,921)

CASH BALANCE BEGINNING OF PERIOD                     $  19,143       $ 24,803
                                                     --------         -------

CASH BALANCE END OF PERIOD                           $  46,939       $ 12,882
                                                      ========        =======

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

Cash paid during the year:
 Interest                                               33,833         28,224
 Income taxes                                              -0-            -0-

See accompanying notes.

                                        8
<PAGE>


                             ENERGY PRODUCERS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                       First Quarter ended March 31, 2003
                                   (Unaudited)

NOTE 1 -UNAUDITED INTERIM INFORMATION

The accompanying  unaudited consolidated financial statements have been prepared
in  accordance  with  generally  accepted  accounting   principles  for  interim
financial  information  and with the  instructions to Form 10-QSB and Regulation
S-B.  Accordingly,  they do not include  all of the  information  and  footnotes
required by generally  accepted  accounting  principles  for complete  financial
statements. In the opinion of management,  all adjustments (consisting of normal
recurring  accruals)  considered  necessary  for a fair  presentation  have been
included. Operating results for the three-month period ending March 31, 2003 are
not  necessarily  indicative  of the results  that may be expected  for the year
ending  December  31,  2003.  For further  information,  refer to the  financial
statements and footnotes  thereto  included in the company's Form 10-KSB for the
year ended December 31, 2002.

     (1) The  unaudited  financial  statements  include  the  accounts of Energy
Producers,  Inc. and include all  adjustments  (consisting  of normal  recurring
items) which are, in the opinion of management,  necessary to present fairly the
financial  position as of March 31, 2003 and the results of operations  and cash
flows for the  three-month  period ended March 31, 2003 and March 31, 2002.  The
results of operations  for the  three-month  period ended March 31, 2003 are not
necessarily indicative of the results to be expected for the entire year.

     (2) Earnings  (loss) per common  shares are based on the  weighted  average
number of shares outstanding during the period.

                                        9


<PAGE>

Item 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

The discussion and analysis  contained herein should be read in conjunction with
the  preceding  financial  statements  and  the  information  contained  in  the
Company's Form 10-SB as amended. Except for the historical information contained
herein,  the matters  discussed  in this Form  10-QSB  contain  forward  looking
statements  within the meaning of Section 27A of the  Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and
the Private Securities  Litigation Reform Act of 1995,  including,  among others
(i)  expected  changes  in  the  Company's  revenues  and  profitability,   (ii)
prospective  business   opportunities  and  (iii)  the  Company's  strategy  for
financing its business,  that are based on management's beliefs and assumptions,
current  expectations,  estimates,  and  projections.  Statements  that  are not
historical facts, including,  without limitation,  statements which are preceded
by,  followed  by, or  include  the words  "believes,"  "anticipates,"  "plans,"
"expects,"   "may,"  "should,"  or  similar   expressions  are   forward-looking
statements. Many of the factors that will determine the Company's future results
are beyond the ability of the company to control or  predict.  These  statements
are subject to risks and uncertainties and, therefore, actual results may differ
materially.   All  subsequent  written  and  oral   forward-looking   statements
attributable  to the Company,  or persons  acting on its behalf,  are  expressed
qualified  in  their  entirety  by  these  cautionary  statements.  The  Company
disclaims any obligation to update any forward- looking  statements whether as a
result of new information, future events, or otherwise.

Important factors may include, but are not limited to: the risk of a significant
natural disaster,  the inability of the Company to insure against certain risks,
fluctuations  in commodity  prices,  the inherent  limitations in the ability to
estimate  oil and gas  reserves,  changing  government  regulations,  as well as
general market  conditions,  competition  and pricing,  and other risks detailed
from time to time in the  Company's  SEC reports,  copies of which are available
upon request from the Company.

Results of Operations

Total revenues for the first  three-month  period ended March 31, 2003 increased
31% to $88,001 at March 31,  2003 as  compared  to $60,885  for the  three-month
period  ended March 31,  2002.  The  increase in revenue  during the first three
month period ended March 31, 2003 was due primarily to the continuing  effect of
increased  oil prices and retail sales from the  Company's  inventory and supply
segment  operations.  Production  and sale of oil was 2,488 barrels in the first
quarter 2003  declining  11% from 2,810  barrels  produced and sold in the first
quarter 2002.

Costs of  operations  at the end of the  first  quarter,  2003  increased  3% to
$24,392  compared with $23,792 for the quarterly period ended March 31, 2002 due
to the cost of operating the oil leases.

General and administrative expenses first quarter 2003 increased 29% to $119,213
compared  with  $91,854  for the  first  quarter  ended  March 31,  2002.  These
increases were due to increases in consulting, management and legal fees.

The Company's  net loss for the first  quarter 2003 was ($88,437)  compared to a
net loss of ($77,485) at March 31, 2002 due to increased operating costs.

                                        10

<PAGE>


Liquidity and Capital Resources

During the first  three-months  of 2003,  cash used in operating  activities was
$176,179  and  investing  activities  provided  no  cash.  Financing  activities
provided $203,975 in cash. The Company does not have enough cash on hand to meet
its current  obligations.  Although the Company believes that it will be able to
negotiate extensions, or generate loans sufficient to meet, maintain, and remain
up to date in its current and long-term obligations.  There is no firm assurance
that it will be able to  continue  to do so, and one or more of its  obligations
could enter default, or fall behind in its payments.

The monthly cost requirement to service existing contract debt is $36,302.00 and
is expected to remain steady for the next 12 months. Extensions and roll over of
existing  loans will  allow us to  maintain  this  level of  expense  and remain
current on all existing loans.

The  Company  will  require  an  additional  $50,000  monthly  for  General  and
Administrative  expenses.  Currently,  Company  Management  and  Directors  have
provided these  expenses.  Although the Company  believes that  Management  will
continue to assist in providing funds,  there can be no firm assurance that they
will continue to do so in the long term.

The Company  anticipates  that it will be able to either  develop  its  existing
property or acquire  additional oil properties to provide increased cash flow by
debt or equity in the third to fourth  quarter of  operations.  This  additional
cash flow should allow the Company to cover its existing shortfalls.


ITEM 3. CONTROLS AND PROCEDURES

(a) Evaluation of disclosure and controls and  procedures.  Our Chief  Executive
Officer and Chief  Financial  Officer has  evaluated  the  effectiveness  of the
design and operation of our disclosure controls and procedures within 90 days of
the filing of this quarterly  report.  This evaluation was carried out under the
supervision  and  with  the  participation  of  our  management,  including  our
principal  executive  officer and  principal  financial  officer.  Based on this
evaluation,  these  officers have concluded that the design and operation of our
disclosure controls and procedures are effective.

(b)  Changes in  internal  controls.  There were no  significant  changes to our
internal controls or in other factors that could  significantly  affect internal
controls subsequent to the date of their most recent evaluation.

Disclosure  controls and procedures are our controls and other  procedures  that
are  designed to ensure that  information  required to be disclosed by us in the
reports that we file or submit  under the  Exchange Act is recorded,  processed,
summarized  and reported,  within the time periods  specified in the SEC's rules
and forms.  Disclosure  controls and  procedures  include,  without  limitation,
controls  and  procedures  designed  to ensure that  information  required to be
disclosed  by us in  the  reports  that  we  file  under  the  Exchange  Act  is
accumulated and communicated to our management,  including  principal  executive
officer  and  principal  financial  officer,  as  appropriate,  to allow  timely
decisions regarding required disclosure.

                                       11

<PAGE>


                           PART II. OTHER INFORMATION

Item 1 - Legal Proceedings

The Company is not involved in litigation  that would have a material  effect on
the operations of the Company.

Item 2 - Changes in Securities

On March 19, 2003,  the Board of  Directors of the Company  approved by majority
vote the filing of a Form S-8  Registration  Statement  for certain  consultants
which was filed with the Commission March 25, 2003.

Item 3 - Defaults upon Senior Securities.

None

Item 4 - Submission of Matters to a Vote of Security Holders

None

Item 5 - Other Information

None

Item 6 - Exhibits and Reports on Form 8-K

     (a) Exhibits

Exhibit No.    Description
----------     -----------

99.1           CEO Certification Pursuant to the Sarbanes-Oxley Act
99.2           CFO Certification Pursuant to the Sarbanes-Oxley Act

     (b) The  registrant  did not file any  reports  on Form  8-K  during  first
quarter ended March 31, 2003.

                                       12


<PAGE>



                                   SIGNATURES

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 thereunto duly authorized.

                                          ENERGY PRODUCERS, INC.


                                          /s/ Mel Herzog
                                          -----------------------
                                      By:     Mel Herzog
                                      Title:  Chairman and CEO

Date:  May 12, 2003










                                       13


<PAGE>

                CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
                       AS ADOPTED PURSUANT TO SECTION 302
                        OF THE SARBANES-OXLEY ACT OF 2002

I, Mel Herzog, Chairman and CEO of Energy Producers, Inc. certify that:

1. I have reviewed  this  quarterly  report on Form 10-QSB of Energy  Producers,
Inc.;

2.  Based on my  knowledge,  this  annual  report  does not  contain  any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made,  not  misleading  with  respect to the period  covered by this annual
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included  in this annual  report,  fairly  present in all  material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this annual report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a) designed such disclosure controls and procedures to ensure that material
     information   relating  to  the  registrant,   including  its  consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly  during  the  period  in which  this  annual  report  is being
     prepared;

     b) evaluated the effectiveness of the registrant's  disclosure controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     annual report (the "Evaluation Date"); and

     c) presented in this annual report our conclusions  about the effectiveness
     of the disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):

     a) all  significant  deficiencies  in the design or  operation  of internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize and report  financial data and have  identified for the
     registrant's auditors any material weaknesses in internal controls; and


     b) any fraud,  whether or not material,  that involves  management or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
annual report whether there were significant  changes in internal controls or in
other factors that could  significantly  affect internal controls  subsequent to
the date of our most recent  evaluation,  including any corrective  actions with
regard to significant deficiencies and material weaknesses.

/s/Mel Herzog
-------------
Mel Herzog
Chief Executive Officer
Date: May 12, 2003

                                       14

<PAGE>

                CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
                       AS ADOPTED PURSUANT TO SECTION 302
                        OF THE SARBANES-OXLEY ACT OF 2002

I, Larry W. Trapp, CFO of Energy Producers, Inc. certify that:

1. I have reviewed  this  quarterly  report on Form 10-QSB of Energy  Producers,
Inc.;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made,  not  misleading  with  respect to the period  covered by this annual
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included  in this annual  report,  fairly  present in all  material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this annual report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a) designed such disclosure controls and procedures to ensure that material
     information   relating  to  the  registrant,   including  its  consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly  during  the  period  in which  this  annual  report  is being
     prepared;

     b) evaluated the effectiveness of the registrant's  disclosure controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     annual report (the "Evaluation Date"); and

     c) presented in this annual report our conclusions  about the effectiveness
     of the disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):

     a) all  significant  deficiencies  in the design or  operation  of internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize and report  financial data and have  identified for the
     registrant's auditors any material weaknesses in internal controls; and


     b) any fraud,  whether or not material,  that involves  management or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
annual report whether there were significant  changes in internal controls or in
other factors that could  significantly  affect internal controls  subsequent to
the date of our most recent  evaluation,  including any corrective  actions with
regard to significant deficiencies and material weaknesses.

/s/ Larry W. Trapp
------------------
Larry W. Trapp
Chief Financial Officer
Date: May 12, 2002

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