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, 1994

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, 1994

                                                     6,125,527

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                                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, 1994 and December 31, 1993



                            ASSETS

                                                                          March 31, 1994      Dec 31, 1993
                                                                        ------------------  -----------------
<S>                                                                     <C>                 <C>

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

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

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




              LIABILITIES AND STOCKHOLDERS' EQUITY


LIABILITIES
  Accounts payable                                                                   1,950                1,650
                                                                           ----------------    -----------------
        Total Current Liabilities                                                    1,950                1,650

STOCKHOLDERS' EQUITY
    Common stock, $0.001 par value, 6,125,527 shares issued
          and outstanding at March 31, 1994 and December 31, 1993                    6,126                6,126
    Additional paid-in-capital                                                       1,500                1,500
    Accumulated Deficit                                                             (9,576)              (9,276)
                                                                           ----------------    -----------------
        Total Stockholders' Equity                                                  (1,950)              (1,650)
                                                                           ----------------    -----------------

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, 1994 and 1993
          and Period from Inception (January 5, 1988) to March 31, 1994


                                                                                          Accumulated
                                                       Three months    Three months       since inception
                                                      March 31, 1994    March 31, 1993    (Jan 5, 1988)
                                                     ------------------------------------------------------
<S>                                                  <C>                <C>               <C>


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

OPERATING EXPENSE:
    General & administrative                                      300             300                9,576
                                                     ---------------------------------    -----------------
        Total Operating Expense                                   300             300                9,576

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

NET LOSS                                                        ($300)          ($300)             ($9,576)
                                                     =================================    =================


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, 1994

                                              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 - three months - March 1994                                                           (300)                (300)

                                  -----------------------------    ---------------------------------    -----------------
Balance, March 31, 1994                 6,125,527       $6,126               $1,500         ($9,576)             ($1,950)
                                  ==================================================================    =================

</TABLE>






                                        3

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<TABLE>

<CAPTION>



                             SPARTAN OIL CORPORATION
                        (A Development Stage Enterprise)

                             STATEMENT OF CASH FLOWS

                   Three months ended March 31, 1994 and 1993
          and Period from Inception (January 5, 1988) to March 31, 1994



                                                                                           Accumulated
                                                        Three months    Three months       since inception
                                                       March 31, 1994    March 31, 1993     (Jan 5, 1988)
                                                      ------------------------------------ -----------------
<S>                                                   <C>               <C>                <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
    Net loss                                                      (300)           (300)              (9,576)
    Adjustments to reconcile net loss to net
            cash (used) by operating activities:
                Accounts payable                                   300             300                1,950
                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-
                                                      ======================================================

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                                        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, 1994 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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