FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D. C. 20549


             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


For the quarter ended:            March 31, 1998

Commission file number:           33-19961

                             Spartan Oil Corporation
                       (formerly Oliver Owen Corporation)
             (exact name of registrant as specified in its charter)

       Delaware                                                   75-2224650
------------------------                                          ------------
(State of Incorporation)                                         (IRS ID No.)


                    4714 Greenville Ave, Dallas, Texas               75206
           --------------------------------------------------       --------
                        (Address of principal executive offices)   (Zip code)

Registrant's telephone number, including area code: 972-841-6929

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by section 13 or 15(d) of the Securities Act of 1934 during the past
12 months and (2) has been subject to such filing  requirements  for the past 90
days.

                                            X     YES                    NO
                                       -----------             ----------

Shares of common stock outstanding at March 31, 1998

                                                     6,125,527


<PAGE>





                                                 TABLE OF CONTENTS



PART I - FINANCIAL INFORMATION                                       Page Number


         Item  1.          Financial Statements                           1-4

         Item  2.          Managements's Discussion and Analysis
                           of Financial Condition and Results of
                           Operations                                      5


PART II - OTHER INFORMATION                                                6


<PAGE>

<TABLE>

<CAPTION>

                             SPARTAN OIL CORPORATION
                        (A Development Stage Enterprise)

                                 BALANCE SHEETS
                      March 31, 1998 and December 31, 1997



                                     ASSETS

                                                                         March 31, 1998      Dec 31, 1997
                                                                       -------------------------------------
<S>                                                                    <C>                 <C>

CURRENT ASSETS:
    Cash                                                               $           -0-     $            -0-

                                                                       ----------------    -----------------

TOTAL ASSETS                                                           $           -0-     $            -0-
                                                                       =====================================




                      LIABILITIES AND STOCKHOLDERS' EQUITY


LIABILITIES
  Accounts payable                                                               3,406                3,261
                                                                       ----------------    -----------------
        Total Current Liabilities                                                3,406                3,261

STOCKHOLDERS' EQUITY
    Common stock, $0.001 par value, 6,125,527 shares issued
          and outstanding at March 31, 1998 and December 31, 1997                6,126                6,126
    Additional paid-in-capital                                                   1,500                1,500
    Accumulated Deficit                                                        (11,032)             (10,887)
                                                                       ----------------    -----------------
        Total Stockholders' Equity                                              (3,406)              (3,261)
                                                                       ----------------    -----------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                           0                    0
                                                                       ================    =================


</TABLE>









                                        1

<PAGE>

<TABLE>

<CAPTION>

                             SPARTAN OIL CORPORATION
                        (A Development Stage Enterprise)

                             STATEMENT OF OPERATIONS

                   Three months ended March 31, 1998 and 1997
          and Period from Inception (January 5, 1988) to March 31, 1998


                                                                                            Accumulated
                                                       Three months     Three months        since inception
                                                      March 31, 1998    March 31, 1997      (Jan 5, 1988)
                                                     ------------------------------------------------------
<S>                                                  <C>                <C>               <C>


REVENUE:                                             $            -0-   $         -0-     $            -0-

OPERATING EXPENSE:
    General & administrative                                      145             130               11,032
                                                     ---------------------------------    -----------------
        Total Operating Expense                                   145             130               11,032

                                                     ---------------------------------    -----------------

NET LOSS                                                        ($145)          ($130)            ($11,032)
                                                     =================================    =================


Weighted average shares outstanding                         6,125,527       6,125,527            6,125,527
                                                     =================================    =================

LOSS PER SHARE                                                 ($0.00)         ($0.00)              ($0.00)
                                                     =================================    =================


</TABLE>















                                        2

<PAGE>

<TABLE>

<CAPTION>

                             SPARTAN OIL CORPORATION
                        (A Development Stage Enterprise)

            STATEMENT OF STOCKHOLDERS' EQUITY AND ACCUMULATED DEFICIT
            Period from Inception (January 5, 1988) to March 31, 1998

                                              Common                   Paid In        Accumulated
                                      Shares         Amount            Capital          Deficit              Total
                                  -----------------------------    ---------------------------------    -----------------
<S>                               <C>                <C>               <C>            <C>               <C>

Balance, Date of Inception
        January 5, 1988

Shares issued on January 5, 1988:
        For cash                          500,000          500                  500                                1,000

Shares issued for services                500,000          500                  500                                1,000

Net Loss                                                                                     (1,250)              (1,250)
                                  -----------------------------    ---------------------------------    -----------------
Balance, December 31, 1988              1,000,000       $1,000               $1,000         ($1,250)                $750
                                  =============================    =================================    =================

Shares issued in May 1989:
        For services                    4,625,527        4,626                                                     4,626

Net Loss                                                                                     (5,875)              (5,875)
                                  -----------------------------    ---------------------------------    -----------------
Balance, December 31, 1989              5,625,527       $5,626               $1,000         ($7,125)               ($499)
                                  ==================================================================    =================

Shares issued in March 1990:
        For services                      500,000          500                  500                                1,000
Net Loss                                                                                     (1,251)              (1,251)
                                  -----------------------------    ---------------------------------    -----------------
Balance, December 31, 1990              6,125,527       $6,126               $1,500         ($8,376)               ($750)
                                  ==================================================================    =================

Net Loss                                                                                       (300)                (300)
                                  -----------------------------    ---------------------------------    -----------------
Balance, December 31, 1991              6,125,527       $6,126               $1,500         ($8,676)             ($1,050)
                                  ==================================================================    =================

Net Loss                                                                                       (300)                (300)
                                  -----------------------------    ---------------------------------    -----------------
Balance, December 31, 1992              6,125,527       $6,126               $1,500         ($8,976)             ($1,350)
                                  ==================================================================    =================

Net Loss                                                                                       (300)                (300)
                                  -----------------------------    ---------------------------------    -----------------
Balance, December 31, 1993              6,125,527       $6,126               $1,500         ($9,276)             ($1,650)
                                  ==================================================================    =================

Net Loss                                                                                       (300)                (300)
                                  -----------------------------    ---------------------------------    -----------------
Balance, December 31, 1994              6,125,527       $6,126               $1,500         ($9,576)             ($1,950)
                                  ==================================================================    =================

Net Loss                                                                                       (300)                (300)
                                  -----------------------------    ---------------------------------    -----------------
Balance, December 31, 1995              6,125,527       $6,126               $1,500         ($9,876)             ($2,250)
                                  ==================================================================    =================

Net Loss                                                                                       (491)                (491)
                                  -----------------------------    ---------------------------------    -----------------
Balance, December 31, 1996              6,125,527       $6,126               $1,500        ($10,367)             ($2,741)
                                  ==================================================================    =================

Net Loss                                                                                       (520)                (520)
                                  -----------------------------    ---------------------------------    -----------------
Balance, December 31, 1997              6,125,527       $6,126               $1,500        ($10,887)             ($3,261)
                                  ==================================================================    =================


Net loss - three months - March 1998                                                           (145)                (145)
                                  -----------------------------    ---------------------------------    -----------------
Balance, March 31, 1998                 6,125,527       $6,126               $1,500        ($11,032)             ($3,406)
                                  ==================================================================    =================
</TABLE>






                                        3

<PAGE>

<TABLE>

<CAPTION>

                             SPARTAN OIL CORPORATION
                        (A Development Stage Enterprise)

                             STATEMENT OF CASH FLOWS

                   Three months ended March 31, 1998 and 1997
          and Period from Inception (January 5, 1988) to March 31, 1998



                                                                                                        Accumulated
                                                                     Three months     Three months      since inception
                                                                    March 31, 1998    March 31, 1997    (Jan 5, 1988)
                                                                   ------------------------------------------------------
<S>                                                                <C>                <C>               <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
    Net loss                                                                   (145)           (130)             (11,032)
    Adjustments to reconcile net loss to net
            cash (used) by operating activities:
                Accounts payable                                                145             130                3,406
                Stock issued for services                                                                          6,626

                                                                   ---------------------------------    -----------------
NET CASH (USED) BY OPERATING ACTIVITIES:                                        -0-             -0-               (1,000)


CASH FLOWS FROM INVESTING ACTIVITIES:                                           -0-             -0-                  -0-


CASH FLOWS FROM FINANCING ACTIVITIES:
    Sale of common stock                                                        -0-             -0-                1,000

                                                                   ---------------------------------    -----------------

NET INCREASE IN CASH                                                            -0-             -0-                  -0-

CASH, BEGINNING OF PERIOD                                                       -0-             -0-                  -0-
                                                                   ---------------------------------    -----------------

CASH, END OF PERIOD                                                $            -0-   $         -0-     $            -0-
                                                                   ======================================================

</TABLE>
















                                        4
<PAGE>




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


Results of Operations

The  Company  has had no  operations  for the  quarter  ended March 31, 1998 and
similarly, no operations for the same period last year. The Company is trying to
attract  capital  in order to  purchase  an  ongoing  business  or to  attract a
business  to buy or merge  with.  Efforts to  attract  capital to date have been
unsuccessful.

There have been no economic events or changes that have affected the Registrant,
for better or worse,  to attract  capital  and there are no  economic  trends or
uncertainties that the Registrant expects will have a material impact on whether
it can attract capital in the future.

Liquidity

The  Registrant  has no liquid  assets  and no  assets.  The  Registrant  has no
liquidity and the liquidity the Registrant will be able to attract will from the
sale of stock in the company,  either for cash or issuance of stock for purchase
of a business.

The Registrant has minimal expenses and no commitments.

Capital Resources

The Registrant has no capital resources and if it can generate capital,  it will
be from the  sale of stock in the  company  for cash or  issuance  of stock  for
purchase of a business.

There were no stock offerings during the quarter and none are currently planned.

There were no plans or  requirements  for  purchase of capital  items during the
quarter.  The Registrant does not foresee any material  capital  purchase in the
coming twelve months.

                                        5


<PAGE>



PART II.     OTHER INFORMATION


Item  1.     Legal Proceedings.

                  The Company is not involved in any legal proceedings.

Item  2.     Changes in Securities.

                  Registrant has made no changes in its securities.

Item  3.     Defaults Upon Senior Securities.

                  Registrant  has  no  senior   securities  and  accordingly  no
defaults.

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

                  Registrant submitted no matters to a vote of security holders.

Item  5.     Other Information.

                  None.



                                        6


<PAGE>






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

                                                     Spartan Oil Corporation
                                                     -----------------------
                                                      (Registrant)


                                                     BY:  /s/  Sean Gallagher
                                                          -------------------
                                                               Sean Gallagher
                                                     Its: Secretary

DATE:       June 14, 2000
            Dallas, Texas










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