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, 2001


                             ENERGY PRODUCERS, INC.
                             ----------------------
                   (formerly Sterling Market Positions, Inc.)


Nevada                                                 88-0346961
------                                                 ----------
(State of Incorporation)                     (IRS Employer Identification No.)

7944 E. Beck Lane, Suite 200, Scottsdale, Arizona           85260
-------------------------------------------------           -----
(Adress of principal executive offices)                   (zip code)

Registrant's telephone number, including area code     (480) 778-5424
--------------------------------------------------     --------------

Indicate by check mark whether the registratn (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 [ ] No {X]

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock as of the latest practical date:  10,996,812 shares of common stock
issued and outstanding.

<PAGE>

                             ENERGY PRODUCERS, INC.
                   (formerly Sterling Market Positions, Inc.)
                                 (Consolidated)


                              FINANCIAL STATEMENTS

             For the Quarterly Periods Ended March 31, 2001 and 2000


<TABLE>
<CAPTION>
Financial Statements
<S>                                                                           <C>
Balance Sheets - Assets........................................................3

Liabilities and Stockholders' Equity...........................................4

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

Statement of Stockholders' Equity..............................................6

Statements of Cash Flows.......................................................7

Notes to Consolidated Financial Statements.....................................8

</TABLE>


                                        2


<PAGE>

                             ENERGY PRODUCERS, INC.
                   (formerly Sterling Market Positions, Inc.)
                                 (Consolidated)
                                    Unaudited

                                 BALANCE SHEETS

             For the Quarterly Periods Ended March 31, 2001 and 2000

<TABLE>
<CAPTION>
                                     ASSETS

                                                 Quarter Ended                     Quarter Ended
                                                 March 31,                         March 31,
                                                 2001                              2000
                                                 ----                              ----
<S>                                              <C>                               <C>
Current Assets
Cash                                                 8,738                           117,891
Accounts Receivable                                 32,016                             3,674
Inventory                                           50,300                            51,995
Advances to shareholders                            14,438                             5,769
Notes and other receivables                         52,300                            48,861
                                                  --------                          --------

         Total Current Assets                      157,792                           228,190
                                                   -------                           -------

Property and Equipment:
Land                                                 9,000                             9,000
Building/Improvements                               42,184                            42,184
Equipment                                           92,247                            66,966
  Less:  accumulated depreciation                 (105,443)                         (105,711)
                                                  ---------                        ---------
     Net Property and Equipment                     37,988                            12,439
                                                 ---------                         ---------

Oil and Gas Properties:                          1,400,388                            11,386
  Less:  accumulated amortization                   (1,572)                            -0-
                                              -------------                       ----------
     Net Oil and Gas Properties                  1,398,816                            11,386
                                                 ---------                         ---------

Total Net Properties and Equipment               1,436,804                            23,825
                                                 ---------                         ---------

         Total Assets                            1,594,596                           252,015
                                                 =========                          ========

</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                        3


<PAGE>

                             ENERGY PRODUCERS, INC.
                   (formerly Sterling Market Positions, Inc.)
                                 (Consolidated)
                                   (Unaudited)

                                 BALANCE SHEETS

             For the Quarterly periods ended March 31, 2001 and 2000

<TABLE>
<CAPTION>
                      LIABILITIES AND STOCKHOLDERS' EQUITY

                                             Quarter Ended                     Quarter Ended
                                             March 31,                         March 31,
                                             2001                              2000
                                             ----                              ----
<S>                                          <C>                               <C>
Current Liabilities:
Accounts payable                                  37,128                             3,840
Accrued expenses                                  73,500                               -0-
Notes payable                                    368,509                            50,000
Deferred subscription payable                    100,000                               -0-
                                              ----------                        ----------

     Total Current Liabilities                   579,137                            53,840
                                              ----------                         ---------

Long-Term Liabilities:
Notes payable                                  1,174,172                               -0-
Due to shareholders                                2,000                           367,688
                                              ----------                          --------

     Total Long-term Liabilities               1,176,172                           367,688
                                               ---------                          --------

         Total Liabilities                     1,755,309                           421,528
                                               ---------                          --------

Stockholders' Equity:
Common stock:
  Authorized 200,000,000
  shares at $0.001 par value.
  Issued and outstanding at
  March 31, 2001: 10,996,812.
  Issued and outstanding at
  March 31, 2000: 10,881,812                      10,997                            10,882

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

Paid in capital                                  640,953                           626,588
Accumulated deficit                             (812,664)                         (806,983)
                                                ---------                         --------

         Total Stockholders' Equity             (160,714)                         (169,513)
                                                ---------                         ---------                                 ==
         Total Liabilities and
           Stockholders' Equity                1,594,595                           252,015
                                               =========                        ==========

</TABLE>

   The accompanying notes are an integral part of these financial statements.


                                        4


<PAGE>

                             ENERGY PRODUCERS, INC.
                   (formerly Sterling Market Positions, Inc.)
                                 (Consolidated)
                                   (Unaudited)

                             STATEMENT OF OPERATIONS

             For the Quarterly Periods ended March 31, 2001 and 2000


<TABLE>
<CAPTION>
                                                 Quarter Ended                      Quarter Ended
                                                 March 31,                          March 31,
                                                 2001                               2000
                                                 ----                               ----
<S>                                              <C>                                <C>
Revenues:
  Oil Revenues                                      112,316                                -0-
  Cost of Sales                                     (15,888)                               -0-
                                                   ---------                          ------------
     Net Oil Revenues                                96,428                                -0-
                                                   --------                           ------------

  Subsidiary Sales:                                   5,774                              9,652
  Cost of Goods Sold                                 (1,598)                            (3,578)
                                                   ---------                          ---------
     Net Subsidiary Sales                             4,176                              6,074
                                                   ---------                          ----------

Total Net Revenues                                  100,604                              6,074

Operating Expenses:
  Depreciation and Amortization                        (802)                              (434)
  Selling, General and Administrative              (122,782)                           (73,854)
                                                  ---------                            --------
     Total Operating Expenses                      (123,584)                           (74,288)
                                                  ---------                            --------

     Gain (Loss) from operations                    (22,980)                           (68,214)
                                                  ----------                           --------

Other Income (Expense):
  Gain on Sale of Securities                              -                             81,461
  Investment Income                                       -                              1,126
  Provision for federal income tax                        -                                683
  Interest Expense                                  (17,962)                               -0-
                                                   ---------                         ---------

     Total Other Income (Expense)                   (17,962)                            83,270
                                                   ---------                        ----------

Income (Loss) before provision for
   income taxes                                     (40,942)                            15,056
Provision for income taxes                               -0-                               -0-
                                               -------------                       -----------

Net Income (Loss)                                   (40,942)                            15,056
                                                   =========                         =========

Number of Outstanding Shares                     10,996,812                         10,881,812

Earnings (Loss) per share
  on Net Loss                                         (.004)                              .001

Earnings (Loss) per share
  on Loss from Operations                             (.002)                            (.006)

</TABLE>

   The accompanying notes are an integral part of these financial statements.


                                        5


<PAGE>

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

                        STATEMENT OF STOCKHOLDERS' EQUITY
           From October 4, 1995 (date of inception) to March 31, 2001

<TABLE>
<CAPTION>
                                                                                        Accumulated
                                             Common         Stock         Paid in       Deficit During
                                             Shares         Amount        Capital       Development       Totals
                                             -------        ------        -------       ------------      -------
<S>                                          <C>            <C>           <C>           <C>               <C>
Shares issued at inception
  to initial shareholders                     1,250,000           1,250
1,250

Capital contributed by shareholder             ________           _____          71,920     _______          71,920
Balance December 31, 1995                     1,250,000           1,250          71,920     (31,096)        (42,074)

Capital contributed by shareholder                                              290,087                     290,087

Net (loss) for the year 1996                   ________           _____         _______    (332,088)       (332,088)
Balance December 31, 1996                     1,250,000           1,250         362,007    (363,184)             73

Capital contributed by shareholder                                               51,046                      51,046

Net (loss) for the year 1997                   ________           _____         ______      (51,046)        (51,046)
Balance December 31, 1997                     1,250,000           1,250         413,053    (414,230)             73

Capital contributed by shareholder                                               71,913                      71,913

Net (loss) for the year 1998                   ________           _____         ______      (71,986)        (71,986)
Balance December 31, 1998                     1,250,000           1,250         484,966    (486,216)            -0-

Stock surrendered by shareholder
  and retired to treasury                      (189,023)           (189)            189

Issuance of stock for reverse
 acquisition of Energy Producers
 Group, Inc.                                  9,820,835           9,821         111,108                     123,929

Capital contributed by shareholder                                               27,325                      27,325

Net (loss) for the year ended
  December 31, 1999                           _________           _____         ______      (330,323)      (330,323)
Balance December 31, 1999                    10,881,812          10,882         626,588     (816,539)      (179,069)

Capital contributed by shareholder               10,000              10           1,240                       1,250

Net gain for the year ended
  December 31, 2000                           _________           _____         _______       44,817         44,817

Balance December 31, 2000                    10,891,812          10,892         627,828     (771,722)      (133,002)

Stock issued for consideration
  for loans and other services                  105,000             105          13,125                      13,230

Net (loss) for the quarter ended
  March 31, 2001                                                                             (40,942)       (40,942)


Balance March 31, 2001                       10,996,812          10,997         640,953     (812,664)      (160,714)
                                             ==========          ======         =======     =========      =========

</TABLE>

   The accompanying notes are an integral part of these financial statements.


                                        6


<PAGE>

                             ENERGY PRODUCERS, INC.
                   (formerly Sterling Market Positions, Inc.)
                                 (Consolidated)

                             STATEMENT OF CASH FLOWS
             For the Quarterly Periods ended March 31, 2001 and 2000

<TABLE>
<CAPTION>
                                                             Quarter Ended                  Quarter Ended
                                                             March 31,                      March 31,
                                                             2001                           2000
                                                             ----                           ----
<S>                                                          <C>                            <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profit (loss)                                                       (40,942)                    15,056
Non-cash adjustments to reconcile net income
to net cash provided by operating activities
   Depreciation and amortization                                             802                       434
Change in assets and liabilities
   (Increase) decrease in accounts receivable                             21,695                      (936)
   (Increase) decrease in inventory                                        1,894
    Increase (decrease) in accounts payable                              (77,587)                    1,099
    Increase (decrease) in accrued expenses                               74,526                       981
                                                                          ------                   -------
Net cash provided (used) by operating activities                         (19,612)                   16,634
                                                                       ---------                    ------

CASH FLOWS FROM INVESTING ACTIVITIES:
  (Increase)decrease in notes receivable                                   3,200                    11,221
  Proceeds from sale (cost) of securities                                      -                   117,688
  Purchase of property and equipment                                           -                   (20,759)
  Purchase of oil properties                                             (15,003)
                                                                        --------                  ---------
Net cash provided (used) by Investing Activities                         (11,803)                  108,150

CASH FLOWS FROM FINANCING ACTIVITIES:
(Increase) decrease in advances to shareholder                            (1,859)                  (33,912)
Proceeds from notes payable                                               23,500
Repayment of notes payable                                              (148,745)
Increase in shareholder notes payable                                    106,417                    (3,000)
Stock issued                                                                 105
Contributed capital                                                       13,125
                                                                        --------
Net cash provided (used) by Financing Activities                          (7,457)                  (36,912)
                                                                       ---------                   --------

NET INCREASE (DECREASE) IN CASH                                          (38,872)                   87,872

CASH BALANCE BEGINNING OF PERIOD                                          47,610                    30,019

CASH BALANCE END OF PERIOD                                                 8,738                   117,891
                                                                      ==========                   ========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year:
  Interest                                                                17,961                       -0-
  Income Taxes                                                               -0-                       -0-


</TABLE>

    The accompanying notes are an integral part of these financial statements

                                        7


<PAGE>


                             ENERGY PRODUCERS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                       First Quarter Ended March 31, 2001
                                   (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, 2001 are
not  necessarily  indicative  of the results  that may be expected  for the year
ending  December  31,  2001.  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, 2000.

     (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, 2001 and the results of operations  and cash
flows for the three-month  periods ended March 31, 2001 and 2000. The results of
operations for the  three-month  period ended March 31, 2001 is not  necessarily
indicative of the results to be expected for the entire year.

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

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

                           Period Ended March 31, 2001
                           (Unaudited Financial Data)

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 and  Amendment.  Except  for the  historical  information
contained  herein,  the matters discussed in this 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,
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  that 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.



                                        8
<PAGE>

Results of Operations

Total Revenue for the first three-month  period increased from $8,674 in 2000 to
$160,068 in 2001. For the three-month  period revenues  increased from $9,658 to
$118,090. The increase in revenue for the first three-month period was due to an
increase in oil sales as a result of acquiring producing oil wells.

Total oil sales decreased from $143,374 in the fourth quarter 2000 to $112,316
in the first quarter 2001. These decreases were due primarily to decreases in
production. Average oil prices for the quarter decreased from $27.99 per bbl to
$26.83 per bbl. Oil production for the first three-month period decreased by 20
percent due primarily to natural production declines and downtime for workovers.

Costs of operations  decreased from $14,010 to $5,774 for the quarter  primarily
due to downtime for work and  completion  of the Weichman  deep well,  and other
workovers .

General and  administrative  expense decreased from $152,214 to $123,584 for the
quarter.  These  decreases  were due almost  entirely to reductions in legal and
consulting fees and outside professional fees.

The  Company's  net loss for the first  quarter  2001 was  $40,942  compared  to
$66,405 for the first quarter 2000, before investment income of $81,461.

Liquidity and Capital Resources

During the first  three-months  of 2001,  cash used in operating  activities was
$19,612 and investing  activities  required  $11,803  primarily  for  additional
investment in oil wells. Financing activities required $7,457 in cash.

<PAGE>

PART II. OTHER INFORMATION

Item 1 - Legal Proceedings

The Company is not a party in any litigation at the present time.

Item 2 - Changes in Securities

In February  2001,  105,000  shares were issued for  consideration  of loans and
other services.

Item 3 - Defaults upon Senior Securities

None.

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

None.

Item 5 - Other Information

None.

<PAGE>


Item 6 - Exhibits and Reports on Form 8-K

     (a) There are no exhibits with this report.

     (b) The  registrant  did not file any  reports  on Form  8-K  during  first
quarter ended March 31, 2001.

                                   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:    August 14, 2001





























                                       10