UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, DC 20549

                                 FORM 10-QSB

[ X ] Quarterly Report pursuant to Section 13 or 15(d) of the
       Securities Exchange Act of 1934

	For the quarterly period ended March 31, 2003

[   ]	Transition Report pursuant to 13 or 15(d) of the
       Securities Exchange Act of 1934

      For the transition period              to
                               --------------

        Commission File Number     333-82636
                              -------------------

                             DELTA OIL & GAS, INC.

       ----------------------------------------------------------------
       (Exact name of small Business Issuer as specified in its charter)

Colorado                                   91-2102350

-------------------------------            ---------------------------------
(State or other jurisdiction of            (IRS Employer Identification No.)
incorporation or organization)

1122 6th Avenue North
Seattle, Washington                        98109

----------------------------------------   ----------
(Address of principal executive offices)   (Zip Code)

Issuer's telephone number, including area code:      206-285-7576
                                                     -----------------

                                 Not Applicable
               ----------------------------------------------------
               (Former name, former address and former fiscal year,
                          if changed since last report)

Check whether the issuer (1) 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
issuer was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days  [X] Yes   [ ] No

State the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date:
7,508,500 Shares of $.001 par value Common Stock outstanding as of
March 31, 2003.

<PAGE>

                      PART 1 - FINANCIAL INFORMATION

Item 1.  Financial Statements

The accompanying un-audited financial statements have been prepared
in accordance with the instructions to Form 10-QSB and, therefore,
do not include all information and footnotes necessary for a
complete presentation of financial position, results of operations,
cash flows, and stockholders' deficit in conformity with generally
accepted accounting principles.  In the opinion of management, all
adjustments considered necessary for a fair presentation of the
results of operations and financial position have been included and
all such adjustments are of a normal recurring nature.  Operating
results for the three months ended March 31, 2003 are not
necessarily indicative of the results that can be expected for the
year ending December 31, 2003.

                                      2

<PAGE>

                             DELTA OIL & GAS, INC.
                         (A Development Stage Company)

                             FINANCIAL STATEMENTS

                                MARCH 31, 2003
                                 (Unaudited)
                           (Stated in U.S. Dollars)

<PAGE>

                             DELTA OIL & GAS, INC.
                         (A Development Stage Company)

                                 BALANCE SHEET
                                  (Unaudited)
                           (Stated in U.S. Dollars)

-----------------------------------------------------------------------------
                                                     MARCH 31    DECEMBER 31
                                                       2003         2002
-----------------------------------------------------------------------------

ASSETS
Current
  Cash                                              $      332   $     1,005
  Accounts receivable                                    2,036          -
                                                   --------------------------
                                                         2,368         1,005
                                                   --------------------------

Oil And Gas Properties, at cost based on
 full cost accounting
  Proved oil and gas properties                        102,346       102,346
  Less:  Accumulated depletion                         (98,923)      (97,900)
                                                   --------------------------
                                                         3,423         4,446
                                                   --------------------------
Other Equipment
  Computer equipment                                     1,741         1,741
  Less:  Accumulated depreciation                       (1,347)       (1,253)
                                                   --------------------------
                                                           394           488
                                                   --------------------------

                                                    $    6,185   $     5,939
=============================================================================

LIABILITIES
Current
  Accounts payable                                  $   19,100   $    24,474
  Advances payable                                      84,231        70,872
  Due to related party                                  20,463        20,167
                                                   --------------------------
                                                       123,794       115,513
Promissory Note Payable                                 33,497        32,968
                                                   --------------------------
                                                       157,291       148,481
                                                   --------------------------

STOCKHOLDERS' EQUITY (DEFICIENCY)

Share Capital
  Authorized:
    100,000,000 common shares, par value
     $0.001 per share
    25,000,000 preferred shares, par
     value $0.001 per share

  Issued and outstanding:
    7,508,500 common shares (2002 -
     7,508,500 common shares)                            7,509         7,509

  Additional paid-in capital                            97,116        97,116

Deficit Accumulated During The Development Stage      (255,731)     (247,167)
                                                   --------------------------
                                                      (151,106)     (142,542)
                                                   --------------------------

                                                    $    6,185   $     5,939
=============================================================================
  The accompanying notes are an integral part of these financial statements.

<PAGE>


                             DELTA OIL & GAS, INC.
                         (A Development Stage Company)

                      STATEMENT OF OPERATIONS AND DEFICIT
                                  (Unaudited)
                           (Stated in U.S. Dollars)

-----------------------------------------------------------------------------
                                                                   INCEPTION
                                                                   JANUARY 9
                                             THREE MONTHS ENDED     2001 TO
                                                  MARCH 31          MARCH 31
                                              2003        2002        2003
-----------------------------------------------------------------------------

Revenue
  Oil and gas sales                      $     4,204  $     3,240  $  64,897
                                        -------------------------------------

Costs And Expenses
  Gas operating expenses                       2,258        1,773     20,763
  General and administration                   9,393        1,410     80,905
  Depreciation and depletion                   1,117        1,994     34,767
  Impairment of oil and gas properties          -          10,101     65,503
  Dry well costs written off                    -          15,000    118,690
                                        -------------------------------------
                                              12,768       30,278    320,628
                                        -------------------------------------

Net Loss For The Period                       (8,564)     (27,038) $(255,731)
                                                                   ==========

Deficit, Beginning Of Period                (247,167)    (184,407)
                                        ---------------------------

Deficit, End Of Period                   $  (255,731) $  (211,445)
===================================================================

Basic And Diluted Loss Per Share         $     (0.01) $     (0.01)
===================================================================



Weighted Average Number Of
 Outstanding Shares                        7,508,000    7,508,000
===================================================================
 The accompanying notes are an integral part of these financial statements.


<PAGE>

                             DELTA OIL & GAS, INC.
                         (A Development Stage Company)

                            STATEMENT OF CASH FLOWS
                                  (Unaudited)
                            (Stated in U.S. Dollars)

-----------------------------------------------------------------------------
                                                                   INCEPTION
                                                                   JANUARY 9
                                             THREE MONTHS ENDED     2001 TO
                                                  MARCH 31          MARCH 31
                                              2003        2002        2003
-----------------------------------------------------------------------------

Cash Flows From Operating Activities
  Net loss

                                         $    (8,564) $   (27,038) $(255,731)

Adjustments To Reconcile Net Loss
 To Net Cash From Operating Activities
  Depreciation and depletion                   1,117        1,994     34,767
  Impairment of oil and gas properties          -          10,101     65,503
  Dry well costs written off                    -          15,000    118,690

  Change in operating assets and
   liabilities:
    Accounts receivable                       (2,036)        -        (2,036)
    Accounts payable                          (5,374)       3,844     19,100
                                        -------------------------------------
Net Cash From Operating Activities           (14,857)       3,901    (19,707)
                                        -------------------------------------


Cash Flows From Investing Activities
  Purchase of oil and gas properties            -         (17,231)  (221,036)
  Purchase of other equipment                   -            -        (1,741)
                                        -------------------------------------
Net Cash From Investing Activities              -         (17,231)  (222,777)
                                        -------------------------------------

Cash Flows From Financing Activities
  Issue of common stock                         -            -       104,625
  Advance from related party                     296          116     20,463
  Advances payable                            13,359       11,635     84,231
  Promissory note                                529          503     33,497
                                        -------------------------------------
Net Cash From Financing Activities            14,184       12,254    242,816
                                        -------------------------------------

Increase (Decrease) In Cash                     (673)      (1,076)       332

Cash, Beginning Of Period                      1,005        1,076       -
                                        -------------------------------------

Cash, End Of Period                      $       332  $      -     $     332
=============================================================================

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


<PAGE>

                             DELTA OIL & GAS, INC.
                         (A Development Stage Company)

           STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)

                                 MARCH 31, 2003
                                   (Unaudited)
                            (Stated in U.S. Dollars)

                                COMMON STOCK             DEFICIT
                       ------------------------------  ACCUMULATED
                       NUMBER OF           ADDITIONAL  DURING THE
                        COMMON      PAR     PAID-IN    DEVELOPMENT
                        SHARES     VALUE    CAPITAL       STAGE       TOTAL
                       ------------------------------------------------------

Shares issued for
 cash at $0.001         2,500,000  $ 2,500  $   -     $      -     $    2,500

Shares issued for
 cash at $0.02          5,000,000    5,000    95,000         -        100,000

Shares issued for
 cash at $0.25              8,500        9     2,116         -          2,125

Net loss for the year        -        -         -        (184,407)   (184,407)
                       ------------------------------------------------------

Balance, December 31,
 2001                   7,508,500    7,509    97,116     (184,407)    (79,782)

Net loss for the year        -        -         -         (62,760)    (62,760)
                       ------------------------------------------------------

Balance, December 31,
 2002                   7,508,500    7,509    97,116     (247,167)   (142,542)

Net loss for the period      -        -         -         (8,564)      (8,564)
                       ------------------------------------------------------

Balance, March 31, 2003 7,508,500  $ 7,509  $ 97,116  $ (255,731)  $ (151,106)
                       ======================================================

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


<PAGE>

                             DELTA OIL & GAS, INC.
                         (A Development Stage Company)

                         NOTES TO FINANCIAL STATEMENTS

                                 MARCH 31, 2003
                                  (Unaudited)
                            (Stated in U.S. Dollars)

1.  BASIS OF PRESENTATION

The unaudited financial statements as of March 31, 2003
included herein have been prepared without audit pursuant to
the rules and regulations of the Securities and Exchange
Commission.  Certain information and footnote disclosures
normally included in financial statements prepared in
accordance with United States generally accepted accounting
principles have been condensed or omitted pursuant to such
rules and regulations.  In the opinion of management, all
adjustments (consisting of normal recurring accruals)
considered necessary for a fair presentation have been
included.  It is suggested that these financial statements be
read in conjunction with the December 31, 2002 audited
financial statements and notes thereto.


2.  ORGANIZATION AND BUSINESS

The Company is a development stage, independent natural gas
and oil company engaged in the exploration, development and
acquisition of natural gas and oil properties in the United
States.  Delta's entry into the natural gas and oil business
began on February 8, 2001.

The Company was incorporated as a Colorado corporation on
January 9, 2001.


<PAGE>

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

Calendar  Year  Ended  December  31,  2001

For  the  year  ended  December 31, 2001, we earned revenues of
$47,311.  During the  year  we  incurred  costs  and  expenses  of
$231,718.  Of these costs and expenses, $42,349 were operational
and administrative type expenses and $189,368 were  costs and
expenses associated with depletion, impairment of properties and
the  like.


Calendar Year Ended December 31,  2002

For  the  year ended  December 31, 2002, we earned revenues of
$13,382.  These revenues were down considerably when compared to
revenues for the year ended December 31, 2001.  The decrease came
as a result of lower gas  production  from the  only  producing
property in which the Company has an interest  at  the present
time.

Three month period ended March 31, 2003

For the three month period ended March 31, 2003, we earned revenues
from gas sales of $4,204.  This is up slightly from the three month
period ended March 31, 2002, during which time we earned revenues
from gas sales of $3,240.  These revenues from our only producing
property represent all of the potential revenue the Company has at
this time.  The revenue for the quarter is offset by costs and
expenses for the quarter equal to $12,768.

Liquidity  and  Capital  Resources

At  March 31,  2003,  we  had cash on hand totaling $322.
Accordingly the Company  is in need of immediate cash in order to
sustain operations.  Our tight cash  position  is  a  result  of
decreased  production from the Company's only producing  property
and from the fact that our recent drilling  project in which we
had a 2.5% participating interest turned out to be a dry hole
during 2002.  We  will need to borrow funds in order to sustain the
business operations of the Company.  We anticipate the need to
raise significant capital through the sale of equity securities on
a private or public basis if we are to be able to participate  in
future  drilling and/or other oil and gas development projects.  It
is  uncertain  whether  we  will  be able to obtain the capital
necessary to further  develop  the  oil  and  gas  interests  of
the  Company.

FORWARD LOOKING STATEMENTS

The information in this discussion contains 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.  These forward-looking statements involve
risks and uncertainties, including statements regarding the
Company's capital needs, business strategy and expectations. Any
statements contained herein that are not statements of historical
facts may be deemed to be forward-looking statements. In some
cases, you can identify forward-looking statements by terminology
such as "may", "will", "should", "expect", "plan", "intend",
"anticipate", "believe", "estimate", "predict", "potential" or
"continue", the negative of such terms or other comparable
terminology. Actual events or results may differ materially. In
evaluating these statements, you should consider various factors,
including the risks outlined below, and, from time to time, in
other reports the Company files with the SEC. These factors may
cause the Company's

                                      3

<PAGE>

actual results to differ materially from any
forward-looking statement. The Company disclaims any obligation to
publicly update these statements, or disclose any difference
between its actual results and those reflected in these statements.
The information constitutes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.

ITEM 3.  CONTROLS AND PROCEDURES.

As required by Rule 13a-15 under the Securities Exchange Act of
1934 (the "Exchange Act"), we carried out an evaluation of the
effectiveness of the design and operation of our disclosure
controls and procedures within the 90 days prior to the filing date
of this report.  This evaluation was carried out under the
supervision and with the participation of our Chief Executive
Officer and Chief Financial Officer, Ms. Pamela Starek.  Based upon
that evaluation, our Chief Executive Officer and Chief Financial
Officer concluded that our disclosure controls and procedures are
effective in timely alerting management to material information
relating to us required to be included in our periodic SEC filings.
There have been no significant changes in our internal controls or
in other factors that could significantly affect internal controls
subsequent to the date we carried out our evaluation.

Disclosure controls and procedures are controls and other
procedures that are designed to ensure that information required to
be disclosed our reports filed or submitted under the Exchange Act
is recorded, processed, summarized and reported, within the time
periods specified in the Securities and Exchange Commission's rules
and forms. Disclosure controls and procedures include, without
limitation, controls and procedures designed to ensure that
information required to be disclosed in our reports filed under the
Exchange Act is accumulated and communicated to management,
including our Chief Executive Officer and Chief Financial Officer,
to allow timely decisions regarding required disclosure.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

We are not a party to any material legal proceedings and to our
knowledge, no such proceedings are threatened or contemplated.

Item 2. Changes in Securities

We did not complete any sales of our securities during the fiscal
quarter ended March 31, 2003.

Item 3. Defaults upon Senior Securities

None.

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

No matters were submitted to our security holders for a vote during
the fiscal quarter ended March 31, 2003.

Item 5. Other Information

                                      4

<PAGE>

None

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

EXHIBITS

None

REPORTS ON FORM 8-K

We did not file any Current Reports on Form 8-K during the fiscal
quarter ended March 31, 2003.

                                SIGNATURES

In accordance with the requirements of the Securities and
Exchange Act of 1934, the Registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly
authorized.

DELTA OIL & GAS, INC.

Date:  May 15, 2003

By:   /s/ Pamela Starek
     ------------------------------
     Pamela Starek
     Principal Executive Officer
     Principal Financial Officer
     Chief Accounting Officer

                                      5

<PAGE>

             CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
                         AS ADOPTED PURSUANT TO
               SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Pamela Starek, certify, pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,
that the Quarterly Report on Form 10-QSB of Delta Oil & Gas, Inc. for
the quarterly period ending March 31, 2003 fully complies with the
requirements of Section 13(a) or 15(d) of the Securities Exchange Act
of 1934 and that the information contained in the Quarterly Report on
Form 10-QSB fairly presents in all material respects the financial
condition and results of operations of Delta Oil & Gas, Inc.

Date:  May 15, 2003

       By:   /s/ Pamela Starek
            ------------------------------
            Pamela Starek
            Principal Executive Officer
            Principal Financial Officer

                                      6

<PAGE>

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, PAMELA STAREK, Principal Executive Officer and Principal Financial
Officer of Delta Oil & Gas, Inc. (the "Registrant"), certify that;

(1)  I have reviewed this quarterly report on Form10-QSB of Delta Oil
& Gas, 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 quarterly
report;

(3)  Based on my knowledge, the financial statements, and other
financial information included in this quarterly 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 quarterly 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 quarterly 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 quarterly report (the
"Evaluation Date"); and

  c)  presented in this quarterly 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 quarterly report whether or not there were significant
changes in internal controls or in other facts 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.

Date:  May 15, 2003

       By:   /s/ Pamela Starek
            ------------------------------
            Pamela Starek
            Principal Executive Officer
            Principal Financial Officer