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 September 30, 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
November 14, 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 nine months ended September 30, 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


                               SEPTEMBER 30, 2003
                                   (UNAUDITED)
                            (STATED IN U.S. DOLLARS)

                                       F-1

<PAGE>
                              DELTA OIL & GAS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                                  BALANCE SHEET
                                   (UNAUDITED)
                            (STATED IN U.S. DOLLARS)
<TABLE>
<CAPTION>

--------------------------------------------------------------
                                      SEPTEMBER 30  DECEMBER 31
                                          2003         2002
<S>                                    <C>         <C>

ASSETS
CURRENT
Cash                                   $   1,172   $   1,005
Accounts receivable                        2,540           -
                                       ----------------------
                                           3,712       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             (99,942)    (97,900)
                                       ----------------------
                                           2,404       4,446
                                       ----------------------
OTHER EQUIPMENT
Computer equipment                         1,741       1,741
Less:  Accumulated depreciation           (1,534)     (1,253)
                                       ----------------------
                                             207         488
                                       ----------------------

                                       $   6,323   $   5,939
=============================================================

LIABILITIES
CURRENT
Accounts payable                       $  25,024   $  24,474
Advances payable                          85,789      70,872
Due to related party                      22,591      20,167
                                       ----------------------
                                         133,404     115,513
PROMISSORY NOTE PAYABLE                   34,571      32,968
                                       ----------------------
                                         167,975     148,481
                                       ----------------------

STOCKHOLDERS' 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                    7,509       7,509

Additional paid-in capital                97,116      97,116

DEFICIT ACCUMULATED DURING
 THE DEVELOPMENT STAGE                  (266,277)   (247,167)
                                       ----------------------
                                        (161,652)   (142,542)
                                       ----------------------
                                       $   6,323   $   5,939
=============================================================
</TABLE>

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

                                      F-2

<PAGE>
                              DELTA OIL & GAS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                       STATEMENT OF OPERATIONS AND DEFICIT
                                   (UNAUDITED)
                            (STATED IN U.S. DOLLARS)
<TABLE>
<CAPTION>



-------------------------------------------------------------------------------------------------
                                                                                    INCEPTION
                                                                                    JANUARY 9
                                THREE MONTHS ENDED        NINE MONTHS ENDED          2001 TO
                                   SEPTEMBER 30              SEPTEMBER 30         SEPTEMBER 30
                                 2003         2002         2003         2002         2003
-------------------------------------------------------------------------------------------------
<S>                           <C>          <C>          <C>          <C>          <C>

REVENUE
Oil and gas sales             $    4,224   $    3,886   $   13,661   $    9,388   $   74,354
                              ---------------------------------------------------------------
COSTS AND EXPENSES
Gas operating expenses             2,527        1,416        7,950        4,033       26,455
General and administration         2,554       10,432       22,498       17,870       94,010
Depreciation and depletion           625        1,473        2,323        4,002       35,973
Impairment of oil and gas
 properties                            -            -            -       13,313       65,503
Dry well costs written off             -            -            -       10,000      118,690
                              ---------------------------------------------------------------
                                   5,706       13,321       32,771       49,218      340,631
                              ---------------------------------------------------------------
NET LOSS FOR THE PERIOD           (1,482)      (9,435)     (19,110)     (39,830)   $(266,277)
                                                                                   ==========
DEFICIT, BEGINNING OF PERIOD    (264,795)    (214,802)    (247,167)    (184,407)
                              --------------------------------------------------
DEFICIT, END OF PERIOD        $ (266,277)  $ (224,237)  $ (266,277)  $ (224,237)
                              ==================================================



BASIC AND DILUTED LOSS PER
  SHARE                       $    (0.01)  $    (0.01)  $    (0.01)  $    (0.01)
                              ==================================================



WEIGHTED AVERAGE NUMBER
  OF OUTSTANDING SHARES        7,508,500    7,508,500    7,508,500    7,508,500
                              ==================================================

</TABLE>

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

                                        F-3

<PAGE>
                              DELTA OIL & GAS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                             STATEMENT OF CASH FLOWS
                                   (UNAUDITED)
                            (STATED IN U.S. DOLLARS)


<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------
                                                                                    INCEPTION
                                                                                    JANUARY 9
                                THREE MONTHS ENDED        NINE MONTHS ENDED          2001 TO
                                   SEPTEMBER 30              SEPTEMBER 30         SEPTEMBER 30
                                 2003         2002         2003         2002         2003
-------------------------------------------------------------------------------------------------
<S>                           <C>          <C>          <C>          <C>          <C>

CASH FLOWS FROM OPERATING
  ACTIVITIES
Net loss                      $(1,482)     $(9,435)     $(19,110)    $(39,830)    $(266,277)

ADJUSTMENTS TO RECONCILE NET
 LOSS TO NET CASH FROM
 OPERATING ACTIVITIES
Depreciation and depletion        625        1,475         2,323        4,004        35,973
Impairment of oil and gas
  properties                        -            -             -       13,313        65,503
Dry well costs written off          -            -             -       10,000       118,690

Change in operating assets
  and liabilities:
Accounts receivable                67        1,046        (2,540)           -        (2,540)
Accounts payable                 (695)           -           550       (8,251)       25,024
                              --------------------------------------------------------------
NET CASH FROM OPERATING
 ACTIVITIES                    (1,485)      (6,914)      (18,777)     (20,764)      (23,627)
                              --------------------------------------------------------------

CASH FLOWS FROM INVESTING
 ACTIVITIES
Purchase of oil and gas
 properties                         -            -             -      (12,231)     (221,036)
Purchase of other equipment         -            -             -            -        (1,741)
                              --------------------------------------------------------------
NET CASH FROM INVESTING
  ACTIVITIES                        -            -             -      (12,231)     (222,777)
                              --------------------------------------------------------------

CASH FLOWS FROM FINANCING
 ACTIVITIES
Issue of common stock               -            -             -            -       104,625
Advance from related party        334          303         2,424          719        22,591
Advances payable                  268        6,054        14,917       29,908        85,789
Promissory note                   540          503         1,603        1,509        34,571
                              --------------------------------------------------------------
NET CASH FROM FINANCING
 ACTIVITIES                     1,142        6,860        18,944       32,136       247,576
                              --------------------------------------------------------------

INCREASE (DECREASE) IN CASH      (343)         (54)          167         (859)        1,172

CASH, BEGINNING OF PERIOD       1,515          271         1,005        1,076             -
                              --------------------------------------------------------------

CASH, END OF PERIOD           $ 1,172      $   217      $  1,172     $    217     $   1,172
============================================================================================
</TABLE>

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

                                          F-4

<PAGE>
                              DELTA OIL & GAS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

            STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)

                               SEPTEMBER 30, 2003
                                   (UNAUDITED)
                            (STATED IN U.S. DOLLARS)
<TABLE>
<CAPTION>





                                                COMMON STOCK                  DEFICIT
                                   -------------------------------------     ACCUMULATED
                                   NUMBER OF                  ADDITIONAL     DURING THE
                                    COMMON          PAR         PAID-IN     DEVELOPMENT
                                    SHARES         VALUE        CAPITAL        STAGE         TOTAL
                                   -----------------------------------------------------------------
<S>                               <C>           <C>           <C>           <C>           <C>
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. . . . .           -             -             -       (19,110)      (19,110)
                                  -------------------------------------------------------------------
Balance, September 30, 2003. . .   7,508,500      $  7,509       $97,116    $ (266,277)   $ (161,652)
                                  ===================================================================
</TABLE>


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

                                        F-5

<PAGE>
                              DELTA OIL & GAS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2003
                                   (UNAUDITED)
                            (STATED IN U.S. DOLLARS)



1.     BASIS  OF  PRESENTATION

The unaudited financial statements as of September 30, 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.

                                          F-6

<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.

Nine month period ended September 30, 2003 and as compared to the nine month
period ended September 30, 2002

For the nine month period ended September 30, 2003, we earned revenues
from gas sales of $13,661.  This is up from the nine month
period ended September 30, 2002, during which time we earned revenues
from gas sales of $9,388.  However, this increase in revenue over the
comparable period for the prior year does not signify an overall trend of
increasing revenues for the Company.  These revenues from our only producing
property represent all of the potential revenue the Company has at
this time.  The revenue for the nine month period is offset by costs and
expenses for the period equal to $32,771.

Liquidity  and  Capital  Resources

At  September 30,  2003,  we  had cash on hand totaling $1,172.
Accordingly the Company  is in need of additional cash in order to
sustain operations.  Despite having some revenue from a producing well,
our operating expenses run in excess of our revenues.  Accordingly, we
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 AND CAUTIONARY STATEMENTS

Except for the historical information and discussions contained herein,
statements contained in this Form 10-QSB may constitute "forward looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements involve a number of risks, uncertainties and other
factors that could cause actual results to differ materially, including the
company's failure to acquire and to develop new oil and gas properties; to
obtain the financing necessary to continue the business operations of the
Company and other risks, uncertainties and factors discussed elsewhere
in this Form 10-QSB or in the Company's other filings with the Securities and
Exchange Commission.

                                      3

<PAGE>

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 September 30, 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 September 30, 2003.

Item 5. Other Information

                                      4

<PAGE>

None

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

(a)    Exhibits
       --------

99.1    Certification by CEO and CFO pursuant to 18 U.S.C. Section 1350, as
        adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

(b)    Reports on Form 8-K

We did not file any Current Reports on Form 8-K during the fiscal
quarter ended September 30, 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:  November 14, 2003

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

                                      5

<PAGE>


           CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES
            EXCHANGE ACT OF 1934, AS ADOPTED 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:  November  14, 2003

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

                                   6