<PAGE>


                                  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,  2002

[ ]       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  [  ]  Yes    [  X  ]  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 Common Stock
outstanding  as  of  September  30,  2002.


<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, 2002 are not necessarily indicative of the results
that  can  be  expected  for  the  year  ending  December  31,  2002.

<PAGE>



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


                              FINANCIAL STATEMENTS


                               SEPTEMBER 30, 2002
                                   (Unaudited)
                            (Stated in U.S. Dollars)


<PAGE>


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

                                  BALANCE SHEET
                                   (Unaudited)
                            (Stated in U.S. Dollars)
<TABLE>
<CAPTION>

------------------------------------------------------------
                             SEPTEMBER 30     DECEMBER 31
                                    2002        2001
------------------------------------------------------------
<S>                              <C>         <C>
ASSETS
Current
  Cash                           $     217   $   1,076
                                 ----------------------

Oil And Gas Properties, at
 cost based on full
 cost accounting
  Proved oil and gas properties    102,346     100,115
  Less:  Accumulated depletion     (97,300)    (80,418)
                                 ----------------------
                                     5,046      19,697
                                 ----------------------
Other Equipment
  Computer equipment                 1,741       1,741
  Less:  Accumulated depreciation     (696)       (261)
                                 ----------------------
                                     1,045       1,480
                                 ----------------------
                                 $   6,308   $  22,253
=======================================================


LIABILITIES
Current
  Accounts payable               $  16,180   $  24,431
  Advances payable                  57,411      27,503
  Due to related party              19,864      19,145
                                 ----------------------
                                    93,455      71,079
Promissory Note Payable             32,465      30,956
                                 ----------------------
                                   125,920     102,035
                                 ----------------------

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             (224,237)   (184,407)
                                 ----------------------
                                  (119,612)    (79,782)
                                 ----------------------
                                 $   6,308   $  22,253
=======================================================
</TABLE>



   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)


<TABLE>
<CAPTION>


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

Revenue
  Oil and gas sales      $    3,886   $    4,665   $    9,388   $   43,361   $  56,699
                         --------------------------------------------------------------
Costs And Expenses
  Gas operating expenses      1,416        1,368        4,033       10,338      16,762
  General and
   administration            10,432       16,209       17,870       27,723      47,490
  Depreciation and
   depletion                  1,473        5,048        4,002       23,203      32,491
  Impairment of oil
   and gas properties             -        7,264       13,313       53,869      65,503
  Dry well costs
   written off                    -            -       10,000            -     118,690
                         --------------------------------------------------------------
                             13,321       29,889       49,218      115,133     280,936
                         --------------------------------------------------------------
Net Loss For
 The Period                  (9,435)     (25,224)     (39,830)     (71,772)  $(224,237)
                                                                             ==========
Deficit,
 Beginning Of Period       (214,802)     (46,548)    (184,407)           -
                         --------------------------------------------------
Deficit,
 End Of Period           $ (224,237)  $  (71,772)  $ (224,237)  $  (71,772)
===========================================================================
Basic And Diluted
 Loss Per Share          $    (0.01)  $    (0.01)  $    (0.01)  $    (0.01)
===========================================================================
Weighted Average Number
 Of Outstanding Shares    7,508,500    6,427,731    7,508,500    6,427,731
===========================================================================

</TABLE>




   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)


<TABLE>
<CAPTION>

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

Cash Flows From
 Operating Activities
  Net loss                    $(9,435)  $(25,224)  $(39,830)  $ (71,772)  $(224,237)

Adjustments To Reconcile Net
 Loss To Net
 Cash From
 Operating Activities
  Depreciation and depletion    1,475      5,048      4,004      23,203      32,493
  Impairment of oil
   and gas properties               -      7,264     13,313      53,869      65,503
  Dry well costs
   written off                      -          -     10,000           -     118,690

  Change in operating
   assets and liabilities:
    Accounts receivable             -      4,044          -           -           -
    Accounts payable            1,046     21,007     (8,251)     24,806      16,180
                               ------------------------------------------------------

Net Cash From
 Operating Activities          (6,914)    12,139    (20,764)     30,106       8,629
                               ------------------------------------------------------

Cash Flows From
 Investing Activities
  Purchase of oil
   and gas properties               -    (72,430)   (12,231)   (182,430)   (221,036)
  Purchase of other
   equipment                        -          -          -      (1,741)     (1,741)
                               ------------------------------------------------------

Net Cash From
 Investing Activities               -    (72,430)   (12,231)   (184,171)   (222,777)
                               ------------------------------------------------------

Cash Flows From
 Financing Activities
  Issue of common stock             -          -          -     104,625     104,625
  Advance from related
   party                          303     18,500        719      18,500      19,864
  Advances payable              6,054          -     29,908           -      57,411
  Promissory note                 503     31,262      1,509      31,262      32,465
                               ------------------------------------------------------

  Net Cash From
  Financing Activities          6,860     49,762     32,136     154,387     214,365
                               ------------------------------------------------------

Increase
 (Decrease) In Cash               (54)   (10,529)      (859)        322         217

Cash,
 Beginning Of Period              271     10,851      1,076           -           -
                               ------------------------------------------------------

Cash,
 End Of Period                $   217   $    322   $    217   $     322   $     217
=====================================================================================

</TABLE>





   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)

                               SEPTEMBER 30, 2002
                                   (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 period                  -       -         -   (184,407)   (184,407)
                    ----------------------------------------------------
Balance,
 December 31, 2001   7,508,500   7,509    97,116   (184,407)    (79,782)

Net loss for
 the period                  -       -         -    (39,830)    (39,830)
                    ----------------------------------------------------

Balance,
 September 30, 2002  7,508,500  $7,509  $ 97,116  $(224,237)  $(119,612)
                    ====================================================

</TABLE>




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


<PAGE>


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

                          NOTES TO FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2002
                                   (Unaudited)
                            (Stated in U.S. Dollars)



1.     BASIS  OF  PRESENTATION

The unaudited financial statements as of September 30, 2002 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, 2001
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..

Nine  Month  Period  Ended  September  30,  2002

For  the  nine  month  period  ended  September  30, 2002, we earned revenues of
$9,388.  These revenues were down considerably when compared to revenues for the
nine  months  ended  September 30, 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.

Liquidity  and  Capital  Resources

At  September  30,  2002,  we  had cash on hand totalling $217.  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 earlier in the
year.  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 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-14  under  the  Securities Exchange Act of 1934 (the
"Exchange Act"), we

                                       3

<PAGE>

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  which  is 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,  2002.


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,  2002.


Item  5.  Other  Information

None.

                                       4

<PAGE>


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

EXHIBITS  REQUIRED  BY  ITEM  601  OF  FORM  8-K

--------
Exhibit
Number     Description of Exhibit
--------  ----------------------------------------------------------------------
99.1      Certification  of  Chief Executive Officer and Chief Financial Officer
          pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
          of  the  Sarbanes-Oxley  Act  of  2002(1)
--------------------------------------------------------------------------------
(1)     Filed  as  an  Exhibit  to  this  Quarterly  Report  on  Form  10-QSB

REPORTS  ON  FORM  8-K

We  did not file any Current Reports on Form 8-K during the fiscal quarter ended
September  30,  2002.

                                       5

<PAGE>



                                   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:   December  12,  2002



By:     /s/ Pamela Starek
        --------------------------
        Pamela Starek
        President
        Principal  Executive  Officer
        Principal  Accounting  Officer

                                       6

<PAGE>



                                 CERTIFICATIONS

I,  Pamela  Starek,  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:   December  12,  2002        /s/ Pamela  Starek
                                   ___________________________________
                                   Pamela  Starek
                                   Chief  Executive  Officer
                                   Chief  Financial  Officer