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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                   FORM 10-QSB

                QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                      FOR THE PERIOD ENDING MARCH 31, 2006

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                              DELEK RESOURCES, INC.
             (Exact name of registrant as specified in its charter)


           Florida                         333-40799             84-1346897
(State or other jurisdiction of    (Commission File Number)   (I.R.S. Employer
 incorporation or organization)                              Identification No.)


      1224 Washington Avenue, Miami Beach, Florida                 33139
       (Address of principal executive offices)                 (Zip Code)


       Registrant's telephone number, including area code: (305) 531-1174



          (Former name or former address, if changed since last report)

Copies of all communications, including all communications sent to the agent for
service, should be sent to:

                         Joseph I. Emas, Attorney at Law
                             1224 Washington Avenue
                           Miami Beach, Florida 33139
                             Telephone: 305.531.1174

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

Yes |X| No |_|

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date.

As of March 31, 2006, 35,749,624 shares of $.01 par value common stock were
issued and outstanding.

Transitional Small Business Disclosure Format (check one) Yes |_| No |X|

Indicate by check mark whether the registrant is a shell company (as defined in
rule 12b-2 of the Exchange Act). Yes |_| No |X|
<PAGE>

PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements (unaudited)

         Condensed Balance Sheet at March 31, 2006                             3

         Condensed Statements of Operations for the Three and
         Nine Months Ended March 31, 2006 and July 1, 2004 to
         March 31, 2006                                                        4

         Condensed Statements of Cash Flows for the Three and
         Six Months Ended March 31, 2006 and July 1, 2004 to
         March 31, 2006                                                        5

         Notes to Condensed Financial Statements                               6

Item 2.  Management's Discussion and Analysis of Financial
         Conditions and Results of Operations                                 11

Item 3.  Controls and Procedures                                              12


PART II. OTHER INFORMATION

Item 1.  Legal Proceedings                                                    13

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds          13

Item 3.  Defaults upon Senior Securities                                      13

Item 4.  Submission of Matters to a Vote of Security Holders                  13

Item 5.  Other Information                                                    13

Item 6.  Exhibits                                                             13

Signatures                                                                    14
<PAGE>

                              DELEK RESOURCES, INC.
                         (AN EXPLORATION STAGE COMPANY)
                F/k/a THE HAVANA REPUBLIC, INC. AND SUBSIDIARIES

                                  BALANCE SHEET

                                 March 31, 2006

<TABLE>
<S>                                                                <C>
                                     ASSETS

CURRENT ASSETS
CASH                                                               $       39,225
                                                                   --------------

TOTAL ASSETS                                                       $       39,225
                                                                   ==============


                     LIABILITIES AND SHAREHOLDS' DEFICIANCY

CURRENT LIABILITIES
Due to related party                                               $    1,538,503
                                                                   --------------
                                                                        1,538,503

SHAREHOLDERS' DEFICIANCY

Convertible preferred stock - Series A, authorized
  2,500 shares, 0 shares issued and outstanding                                --
Convertible preferred stock - Series B, authorized
  500,000 shares, 0 shares issued and outstanding                              --
Convertible preferred stock - Series C, authorized
  100 shares, 0 shares issued and outstanding                                  --
Convertible preferred stock - Series D, authorized
  50 shares, 0 shares issued and outstanding                                   --
Common stock, no par value authorized
  50,000,000 shares authorized;
  37,694,541 shares issued and outstanding and
  additional paid-in capital                                            4,701,524
Accumulated defecit                                                    (6,200,802)
                                                                   --------------
TOTAL SHAREHOLDERS' DEFICIANCY                                         (1,499,278)


TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIANCY                     $       39,225
                                                                   ==============
</TABLE>

          See accompanying notes to the condensed financial statements.


                                       3
<PAGE>

                              DELEK RESOURCES, INC.
                         (AN EXPLORATION STAGE COMPANY)
                F/k/a THE HAVANA REPUBLIC, INC. AND SUBSIDIARIES

                           STATEMEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                                                                                     Period from
                                                                                                                     July 1, 2004
                                                                                                                     (exploration
                                              Three Months Ended March 31,        Nine Months Ended March 31,           date to
                                                 2006              2005             2006               2005         March 31, 2006
                                            --------------    --------------    --------------    --------------    --------------
<S>                                         <C>               <C>               <C>               <C>               <C>
REVENUES                                    $           --    $           --    $           --    $           --    $           --
                                            --------------    --------------    --------------    --------------    --------------

EXPENSES:
Exploration costs                                       --                --                --           194,463         2,095,282
General and administrative                          33,250            46,562           100,887           114,199           385,654
Stock compensation                                      --                --                --           137,466         3,719,866
                                            --------------    --------------    --------------    --------------    --------------
TOTAL OPERATING EXPENSES                            33,250            46,562           100,887           446,128         6,200,802

NET LOSS                                    $      (33,250)   $      (46,562)   $     (100,887)   $     (446,128)   $   (6,200,802)
                                            ==============    ==============    ==============    ==============    ==============

NET LOSS PER COMMON SHARE -
  BASIC AND DILUTED                         $        (0.00)   $        (0.00)   $        (0.00)   $        (0.01)   $        (0.18)
                                            ==============    ==============    ==============    ==============    ==============
WEIGHTED AVERAGE NUMBER OF SHARES
  OUTSTANDING - BASIC AND DILUTED               35,749,726        33,727,874        35,735,158        33,727,874        34,149,743
                                            ==============    ==============    ==============    ==============    ==============
</TABLE>

          See accompanying notes to the condensed financial statements.


                                       4
<PAGE>


                              DELEK RESOURCES, INC.
                         (AN EXPLORATION STAGE COMPANY)
                F/k/a THE HAVANA REPUBLIC, INC. AND SUBSIDIARIES

                           STATEMEMENTS OF CASH FLOWS
                FOR THE NINE MONTHS ENDED MARCH 31, 2006 and 2005

<TABLE>
<CAPTION>
                                                                                                              Period from
                                                                                                             July 1, 2004
                                                                                                             (exploration
                                                                               Nine Months March 31,            date to
                                                                              2006              2005         March 31, 2006
                                                                         --------------    --------------    --------------
<S>                                                                      <C>               <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                                                 $     (100,887)   $     (331,929)   $   (6,200,802)
Adjustments to reconcile net loss to net cash used
  in operating activities:
Stock compensation expense                                                           --                --         3,723,129
Change in liabilities
Increase in accounts payable and accrued expenses                              (154,888)          285,287                --
                                                                         --------------    --------------    --------------
Net cash used in operating activities                                          (255,775)          (46,642)       (2,477,673)

CASH FLOWS FORM FINANCING ACTIVITIES
Advances from related party                                                          --            48,830         1,538,503
proceeds from issuance of common stock                                          295,000                --           978,395
                                                                         --------------    --------------    --------------
NET CASH PROVIDED BY FINANCING ACTIVITIES                                       295,000            48,830         2,516,898

NET INCREASE IN CASH                                                             39,225             2,188            39,225
CASH - Beginning of period                                                           --                --                --
                                                                         --------------    --------------    --------------
CASH - End of period                                                     $       39,225    $        2,188    $       39,225
                                                                         ==============    ==============    ==============
</TABLE>

          See accompanying notes to the condensed financial statements.


                                       5
<PAGE>

                              DELEK RESOURCES, INC.
                F/k/a THE HAVANA REPUBLIC, INC. AND SUBSIDIARIES

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
           For the Three and Nine months ended March 31, 2006 and 2005

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business

Delek Corp. ("the Company") was formed on August 14, 2003 for the purpose of
petroleum exploration and production. The Company's primary focus is on
development drilling or producing properties as well as low-cost high potential
exploration prospects in North America.

As further discussed in Note B, the Company has been acquired, and financing has
been obtained, to facilitate the commencement of petroleum exploration and
production operations

Use of Estimates

Management of the Company has made a number of estimates and assumptions
relating to the reporting of assets and liabilities at the date of the
consolidated financial statements and the reported amounts of revenues and
expenses during the reporting period to prepare these consolidated financial
statements in conformity with accounting principles generally accepted in the
United States of America. Actual results could differ from those estimates and
assumptions.

Concentrations of Credit Risk

Financial instruments, which potentially subject the Company to concentration of
credit risk, consist principally of cash. Cash and bank accounts may at times
exceed federally insured limits. The Company believes it is not exposed to any
significant credit risk.

Oil and Gas Properties

The Company uses the successful efforts method of accounting for oil and gas
producing activities. Costs to acquire mineral interests in oil and gas
properties, to drill and equip exploratory wells that find proven reserves, and
to drill and equip development wells are capitalized. Costs to drill exploratory
wells that do not find proven reserves, geological and geophysical costs, and
costs of carrying and retaining unproven properties are expensed.

Unproven oil and gas properties that are individually significant are
periodically assessed for impairment of value, and a loss is recognized at the
time of impairment by providing an impairment allowance. Other unproved
properties are amortized based on the Company's experience of successful
drilling and average holding period. Capitalized costs of producing oil and gas
properties, after considering estimated residual salvage values, are depreciated
and depleted by the unit-of-production method. Support equipment and other
property and equipment are depreciated over their estimated useful lives.

On the sale or retirement of a complete unit of a proved property, the cost and
related accumulated depreciation, depletion, and amortization are eliminated
from the property accounts, and the resultant gain or loss is recognized. On the
retirement or sale of a partial unit or proved property, the cost is charged to
accumulated depreciation, depletion, and amortization with a resulting gain or
loss recognized in income.

Other Property and Equipment

Property and equipment are recorded at cost. Depreciation is provided for over
the estimated useful lives of the respective assets using the straight-line
method for financial reporting purposes and the accelerated method for income
tax purposes. Amortization of the leasehold improvements is provided for on the
straight-line method over the term of the lease. Maintenance, repairs, and minor
renewals are charged to expense as incurred while expenditures that materially
increase values, change capacities, or extend useful lives are capitalized.

Research and Development Costs

Generally accepted accounting principles state that costs that provide no
discernible future benefits, or allocating costs on the basis of association
with revenues or among several accounting periods that serve no useful purpose,
should be charged to expense in the period occurred. SFAS No. 2 "Accounting for
Research and Development Costs" requires that certain costs be charged to
current operations including, but not limited to: salaries and benefits;
contract labor; consulting and professional fees; depreciation; repairs and
maintenance on operational assets used in the production of prototypes; testing
and modifying product and service capabilities and design; and, other similar
costs.


                                       6
<PAGE>

Long-Lived Assets and Asset Impairment

It is the Company's policy to review the carrying value of long-lived assets for
impairment whenever events or changes in circumstances indicate that the
carrying value of such assets may not be recoverable. Measurement of the
impairment loss is based on the fair value of the asset.

Income Taxes

Deferred tax assets and liabilities are recognized for the future tax
consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax
bases and operating loss and tax credit carry forwards. Deferred tax assets and
liabilities are measured using enacted tax rates expected to apply to taxable
income in the years in which those temporary differences are expected to be
recovered or settled. The effect on deferred tax assets and liabilities or a
change in tax rate is recognized in income in the period that includes the
enactment date. Deferred tax assets are reduced to estimated amounts to be
realized by use of a valuation allowance.

The principal types of temporary differences between assets and liabilities for
financial statement and tax return purposes are net operating loss carry
forwards.

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

Loss per Common Share

Basic loss per share is computed by dividing net loss, after deducting preferred
stock dividends accumulated during the period, by the weighted-average number of
shares of common stock outstanding during each period. Diluted earnings per
share are computed by dividing net loss by the weighted average number of shares
of common stock and potentially dilutive securities outstanding during each
period. Potentially dilutive securities have not been included in the
computation of diluted loss per share because it would be anti-dilutive.

Revenue Recognition

Revenue will be recognized when earned on the basis of production for drilling
operations pursuant of the terms of the relevant mining agreements and SAB 101
and SAB 104.

Recent Accounting Pronouncements:

SFAS No. 154 ("SFAS 154"), Accounting Changes and Error Corrections, was issued
in May 2005 and replaces APB Opinion No. 20 and SFAS No. 3 ("SFAS 3"). SFAS No.
154 requires retrospective application for voluntary changes in accounting
principle in most instances and is required to be applied to all accounting
changes made in fiscal years beginning after December 15, 2005. The Company's
adoption of SFAS No. 154 is not expected to have a material impact on the
Company's consolidated financial condition or results of operations

NOTE B - GOING CONCERN

These financial statements have been prepared assuming that the Company will
continue as a going concern. The Company has operating and liquidity concerns,
has incurred an accumulated deficit of approximately $6,200,802 through the
period ended March 31, 2006, and current liabilities exceeded current assets by
approximately $1,499,278 at March 31, 2006. The Company continues to pursue
additional capital investment. However, there can be no assurance that the
Company will be able to successfully acquire the necessary capital to continue
their on-going development efforts and bring products to the commercial market.
These factors, among others, create an uncertainty about the Company's ability
to continue as a going concern.

NOTE C - BUSINESS COMBINATION

On October 20, 2003, the Company was merged into The Havana Republic, Inc. Under
the terms of agreement, Havana issued twenty seven million (27,000,000) shares
of common stock to the Company in exchange for 100% of the outstanding shares of
the Company. This transaction was recorded as a reverse acquisition. For U.S.
federal income tax purposes, it is intended that the merger qualify as a
reorganization within the meaning of the Internal Revenue Code of 1986, as
amended, and the parties hereto intend that the transactions contemplated by
this Agreement shall constitute a "plan of reorganization" within the meaning of
Section 368 of the Internal Revenue Code of 1986, as amended and Treasury
Regulations Sections 1.368-2(g) and 1.368-3(a). Our historical results of
operations after the merger will be those of Delek Resources, Inc. Also, balance
sheet amounts will be reflected at their historical costs and, thus, no goodwill
or other write up of assets will be recorded in the merger transaction.


                                       7
<PAGE>

NOTE D - DUE TO RELATED PARTY

The Companies executive officer has paid on behalf of the Company exploration
and operating expenses. As of March 31, 2006 the executive had paid a total of
$1,404,250. In addition the executive is owed a total of $390,000 for accrued
salary. During the three months ended March 31, 2006 the executive was repaid a
total of $255,747. The amounts are non interest bearing and are payable upon
demand.

NOTE E - COMMITMENTS AND MATERIAL AGREEMENTS

In January 2003, the Company entered into written employment agreements with the
executive officer. The employment agreement has a three- year term beginning
January 2003, and calls for annual compensation of $120,000 per year. The
employment contract includes an arrangement for severance pay in the event the
employee is terminated without "cause." In that event, the employee would be
entitled to compensation at the Base Salary at the then-effective rate for a
period of three months from the date of termination.

NOTE F - COMMON STOCK

During the quarter ended March 31, 2006 the Company sold a total of 1,966,666
units for gross proceeds of $295,000. Each unit consists of one share of common
stock at a price of $.15 and one Warrant to purchase a share of common stock at
a price of $.25. The warrants expire one year from the date of issuance.


                                       8
<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF
        OPERATION

Management's Discussion and Analysis contains various "forward looking
statements" within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, regarding future events or the future financial performance of
the Company that involve risks and uncertainties. Certain statements included in
this Form 10-QSB, including, without limitation, statements related to
anticipated cash flow sources and uses, and words including but not limited to
"anticipates", "believes", "plans", "expects", "future" and similar statements
or expressions, identify forward looking statements. Any forward-looking
statements herein are subject to certain risks and uncertainties in the
Company's business, including but not limited to, reliance on key customers and
competition in its markets, market demand, product performance, technological
developments, maintenance of relationships with key suppliers, difficulties of
hiring or retaining key personnel and any changes in current accounting rules,
all of which may be beyond the control of the Company. The Company's actual
results could differ materially from those anticipated in these forward-looking
statements as a result of certain factors, including those set forth therein.

Management's Discussion and Analysis of Consolidated Results of Financial
Condition or Plan of Operation ("MD&A") should be read in conjunction with the
consolidated financial statements included herein. Further, this quarterly
report on Form 10-QSB should be read in conjunction with the Company's
Consolidated Financial Statements and Notes to Consolidated Financial Statements
included in its 2005 Annual Report on Form 10-KSB. In addition, you are urged to
read this report in conjunction with the risk factors described herein.

Delek Resources, Inc. f/k/a The Havana Republic, Inc., a Florida corporation
(the "Company") was formed on March 10, 1996. The Company was engaged in the
business of owning and operating upscale cigar emporiums devoted to the sale of
premium cigars and cigar related merchandise. The costs associated with the
ongoing operations of the Company made it exceedingly difficult to achieve
profitability in the business, which resulted in continuing losses. As a result
of those ongoing operating losses and expenses, the Company had a significant
working capital deficit, negative stockholder's equity, and almost no remaining
cash. The Company was unable to raise the required capital to continue its
business in that form and commenced plans to divest all of its operations and
sell substantially all of its assets. On September 25, 2002, the Company entered
into an asset purchase agreement whereby all of the operating assets of the
Company's cigar business were exchanged for the assumption of all of the
Company's liabilities. The transaction closed on November 15, 2002. As a
consequence, the Company had no assets or material liabilities.

On October 2, 2002, a preferred shareholder converted his preferred shares into
100,000,000 shares of common stock.

On July 24, 2003, the Company effectuated a 1 for 300 reverse stock split of the
Company's outstanding Common Stock. The principal effect of the reverse stock
split was that the number of shares of the Company's Common Stock issued and
outstanding was reduced from 189,941,113 shares as of June 30, 2003 to
approximately 633,133 shares. In addition, the Company's authorized number of
shares of Common Stock was reduced from 500,000,000 shares of Common Stock to
1,666,666 shares of Common Stock. Following the reverse stock split, the Company
amended the Company's Articles of Incorporation to increase of the Company's
authorized number of shares of Common Stock (post split) from 1,666,666 to
500,000,000 authorized shares of Common Stock. The preferred shareholders of the
Company agreed to the cancellation or conversion of their preferred shares.
Although shareholders have approved the right to a change in the domicile of the
Company, management has not determined when or if to implement a change of
domicile.

On October 20, 2003, Delek Corp., a Texas corporation, was merged into The
Havana Republic, Inc. As consideration for the merger, Delek Corp. or its
designees were issued 27 million shares of restricted common stock. The merger
was accounted for as a reverse acquisition Delek Corp. is an oil and gas
exploration company with its focus on combining proven undeveloped properties
and unproven low risk properties, as well as high risk high reward low
expenditure properties. At the time of the merger Delek Corp. owned all the
rights to the leasehold estates known as the Lodgepole Prospect in Stark County,
North Dakota.

In November 2003, a limited liability company wholly owned by shareholders of
the Company paid a deposit of $20,000 to an oil and gas company for the right to
purchase leasehold estates known as the Gallagher Gap Prospect in the State of
Nevada. The total purchase price of such leasehold estates is $100,000.


                                        9
<PAGE>

In January 2004, a limited liability company wholly owned by shareholders of the
Company entered a lease agreement for the rights to 240 acres of land in
Beauregard Parrish in the southern region of the State of Louisiana. Under the
terms of the lease agreement, the lease obligation for such land shall be
satisfied through the application of future revenues, as defined. There can be
no assurances that any production may occur or, if productions occurs, that it
may prove profitable.

In October, 2004, the Company changed its name from The Havana Republic, Inc. to
Delek Resources, Inc. and was assigned a new symbol of "DLKR" for the trading of
its common stock on the over-the-counter Bulletin Board market.

The Lodgepole Reef Fairway Play - Williston Basin

This is an exploration activity for the Mississippian aged Lodgepole carbonate
build-ups in the Williston Basin of Montana and North Dakota. A new exploration
technique is being applied to this exploration activity, and, in management's
opinion, should it proves successful, it will be a very material event for the
Company. The Lodgepole limestone was deposited in a very shallow ancestral
Williston Basin. The carbonate formation was developed as thousands of small,
circular limestone build-ups, or "reefs". The average distribution of the
build-ups is about 4 reefs per square-mile section. The Lodgepole reefs were
deposited within a "fairway" a thousand miles long and thirty miles wide on the
shelf of the Williston Basin. The reservoirs may produce as much as 2,000
barrels per day (BOPD) at depths of 500 to 9,500 feet. The most prolific reefs
have each produced as much as 4,000,000 barrels of light, sweet oil. Delek Corp.
has leased two Lodgepole reefs, and signed a letter of intent for two additional
reef leaseholds and Delek Corp. will be the operator of this project. Delek
Corp. expects to start drilling operations in the second quarter of 2004. There
can be no assurances that any production may occur or, if productions occurs,
that it may prove profitable.

Gallagher Gap Prospect

In November 2003, a limited liability company wholly owned by shareholders of
the Company paid a deposit of $20,000 to an oil and gas company for the right to
purchase leasehold estates known as the Gallagher Gap Prospect in the State of
Nevada. The total purchase price of such leasehold estates is $100,000.
Beauregard Parrish. In January 2004, a limited liability company wholly owned by
shareholders of the Company entered a lease agreement for the rights to 240
acres of land in Beauregard Parrish in the southern region of the State of
Louisiana. Under the terms of the lease agreement, the lease obligation for such
land shall be satisfied through the application of future revenues, as defined.
The Company has targeted prospects in Louisiana which it plans to pursue in
accordance with its exploration and drilling strategy. There can be no
assurances that any production may occur or, if productions occurs, that it may
prove profitable.

Beauregard Parrish

In January 2004, a limited liability company wholly owned by shareholders of the
Company entered a lease agreement for the rights to 240 acres of land in
Beauregard Parrish in the southern region of the State of Louisiana. Under the
terms of the lease agreement, the lease obligation for such land shall be
satisfied through the application of future revenues, as defined. The Company
has targeted prospects in Louisiana which it plans to pursue in accordance with
its exploration and drilling strategy. There can be no assurances that any
production may occur or, if productions occurs, that it may prove profitable.

Joint venture agreement with Les Iles Petroles Internationaux, LLC

On March 23, 2004, Delek Corp., a wholly-owned subsidiary, signed a letter of
intent for a joint venture agreement with Les Iles Petroles Internationaux, LLC,
an affiliated company, to do exploration in the Williston Basin of North Dakota
where the Company has already secured a few leases, and in the Hardeman Basin in
Western Texas.

The joint venture will be exploring mainly for geologic formations called
Lodgepole reefs. The Company plans to start drilling at some of these locations
in the next 30 days. The joint venture provides Delek Corp. with a 20% interest
in up to 100 future drilling sites. Final details of the agreement are subject
to change. The letter of intent executed by the two parties is considered
proprietary to Les Iles and cannot be published. The definitive agreement will
be published upon execution. Management believes that a final agreement will
lead to a larger pool of locations to drill and therefore increases the chance
of success of a drilling program. The Company already has interests in these
areas (see above).

This is an exploration play for the Mississippian aged Lodgepole carbonate
build-ups in the Williston Basin of Montana and North Dakota and the Hardeman
Basin of western Texas. A new exploration technique (see below) is being applied
to this play, and should it prove successful, it will be a material event for
the Company. The Lodgepole limestone was deposited in a very shallow ancestral.


                                       10
<PAGE>

This is an exploration play for the Mississippian aged Lodgepole carbonate
build-ups in the Williston Basin of Montana and North Dakota and the Hardeman
Basin of western Texas. A new exploration technique (see below) is being applied
to this play, and should it prove successful, it will be a material event for
the Company. The Lodgepole limestone was deposited in a very shallow ancestral
Williston Basin. The carbonate formation was developed as thousands of small,
circular limestone build-ups, or "reefs". The average distribution of the
build-ups is about 4 reefs per square-mile section. The Lodgepole reefs were
deposited within a "fairway" a thousand miles long and thirty miles wide on the
shelf of the Williston Basin. The reservoirs may produce as much as 2,000
barrels per day at depths of 500 to 9,500 feet. The most prolific reefs have
each produced as much as 4,000,000 barrels of light, sweet oil.

The Lodgepole reefs are visible in surface outcrop in the far western part of
the Williston Basin. This allows the sense of scale and geometry of the reefs
can be observed first hand. The lithologic complexity of the reservoirs can also
be examined. Delek Corp.'s technology partner in this play is a company named

Oil for America (OFA). OFA has applied a proprietary photo-analytical program
known as All Remote Sensing analysis. This analysis detects the location of

Waulsortian reef cores. This program produces well-defined images that correlate
with the oil producing wells.

As of April 21, 2004, Delek Corp. began drilling in the Hardeman Basin. Drilling
is underway on the Caldwell #1 in Hardeman County. Patterson Rig #31 has been
contracted to drill to a total depth of 9,500 feet.

On May 3, 2005, the Company finalized an agreement on a multiwell joint venture
agreement to drill in North Dakota. The initial program is for one well with an
option on another twelve wells. The agreement is subject to TSX approval. The
target is the Lodgepole Formation; the average Lodgepole completion has an
estimated recovery of 1,000,000 barrels and 500 mmcf, with the larger ones
having as much as 4,000,000 barrels and 1 bcf. The target depth is 9600'. There
can be no assurances that the recovery will be achieved or profitability will be
obtained.


                                       11
<PAGE>

                              Results of Operations

               For the Three and Nine Months Ended March 31, 2006

Operating Expenses

Operating expenses consisted of general and other administrative expenses of
$33,250 and $100,887 for the three months and nine months ended March 31, 2006
respectively, compared to $46,562 and $114,199 for the three months and nine
months ended March 31, 2005 respectively. There were no exploration costs for
the six months ended March 31, 2006.

Net Loss. There was a net loss of $33,250 and $100,887 for the three months and
nine months ended March 31, 2006 respectively, compared to $46,562 and $446,128
for the three months and nine months ended March 31, 2005 respectively. The
Company recorded exploration costs of $194,463 for the nine months ended March
31, 2005.

The results of operations have not materially changed as a result of the lack of
activity on the Company properties.

Liquidity and Capital Resources

Since its inception, the Company has continued to sustain losses. The Company's
operations and growth were previously funded by the sale of Common Stock,
Preferred Stock and Convertible Debentures and will be funded through an
offering of equity and warrants. During the quarter ended March 31, 2006, the
Company sold a total of 1,966,666 units for gross proceeds of $295,000. Each
unit consists of one share of common stock at a price of $.15 and one warrant to
purchase a share of common stock at a price of $.25. The warrants expire one
year from the date of issuance. The shares underlying the offering will be
issued following the quarter ended March 31, 2006.

Leonard Sternheim, our sole officer and director, has agreed to fund our
operations until we receive revenues and/or Leonard Sternheim has the financial
means to finance such operations. Our expectations, beliefs and projections are
expressed in good faith and are believed by us to have a reasonable basis,
including without limitation, data contained in our records and other available
data from third parties, but there can be no assurance that our expectations,
beliefs or projections will result, or be achieved, or be accomplished. As a
result, our independent auditors have stated that our losses from operations
raise doubt about our ability to continue as a going concern.

Current Assets

Cash. As of March 31, 2006, the Company had $39,255.

Liabilities

Current liabilities. As of March 31, 2006, Company had $1,538,503 in current
liabilities.

ITEM 3. EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

We carried out an evaluation, under the supervision and with the participation
of our management, including our Chief Executive Officer and Principal Financial
Officer, of the effectiveness of our disclosure controls and procedures, as
defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934
as of the end of the period covered by this report. Based on that evaluation,
our Chief Executive Officer and Principal Financial Officer have concluded that
our disclosure controls and procedures as of March 31, 2006were effective to
ensure that information required to be disclosed by us in reports that we file
or submit under the Securities Exchange Act of 1934 is recorded, processed,
summarized and reported within the time periods specified in the Securities and
Exchange Commission's rules and forms.

There have been no material changes in our internal controls over financial
reporting or in other factors that could materially affect, or are reasonably
likely to affect, our internal controls over financial reporting during the
quarter ended March 31, 2006.


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<PAGE>

                            PART II OTHER INFORMATION

Item 1. Legal Proceedings

      Not applicable

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

      During the quarter ended March 31, 2006 the company sold a total of
1,966,666 units for gross proceeds of $295,000. Each unit consist of one share
of common stock at a price of $.15 and one Warrant to purchase a share of common
stock at a price of $.25. The warrants expire one year from the date of
issuance. The offer and sale of the securities above were effected in reliance
on the exemptions for sales of securities not involving a public offering, as
set forth in Rule 506 promulgated under the Securities Act of 1933, as amended
(the "Securities Act") and in Section 4(2) and Section 4(6) of the Securities
Act and/or Rule 506 of Regulation D. The shares underlying the offering will be
issued following the quarter ended March 31, 2006.

Item 3. Defaults upon Senior Securities

      Not applicable

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

      None.

Item 5. Other Information

      Not applicable

Item 6. Exhibits

      A.    Exhibits:

            31.1  Certification of Chief Executive Officer Pursuant to Section
                  302 of the Sarbanes-Oxley Act.

            31.2  Certification of Principal Financial and Accounting Officer
                  Pursuant to Section 302 of the Sarbanes-Oxley Act.

            32.1  Certification of Chief Executive Officer Pursuant to Section
                  906 of the Sarbanes-Oxley Act.

            32.2  Certification of Principal Financial and Accounting Officer
                  Pursuant to Section 906 of the Sarbanes-Oxley Act.


                                       13
<PAGE>

                                    SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) 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.

                                  DELEK RESOURCES, INC.
                                  (Registrant)


                                  By: /s/ LEONARD STERNHEIM
                                      -----------------------------------
                                      Leonard Sternheim, Sole Director
                                      President, Chief Accounting Officer

                                  Date: May 22, 2006


                                       14
<PAGE>

                                  Exhibit Index

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

31.1           Certification of Chief Executive Officer Pursuant to Section 302
               of the Sarbanes-Oxley Act.

31.2           Certification of Principal Financial and Accounting Officer
               Pursuant to Section 302 of the Sarbanes-Oxley Act.

32.1           Certification of Chief Executive Officer Pursuant to Section 906
               of the Sarbanes-Oxley Act.

32.2           Certification of Principal Financial and Accounting Officer
               Pursuant to Section 906 of the Sarbanes-Oxley Act.


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