2008-10-20-2008-10-07-2009-03-27

Bought company with interests in MS, LA, CA, gaining 1.3 Bcf proved.

Delta Oil & Gas Inc., Seattle, (OTCBB: DOIG) has closed its acquisition of The Stallion Group, Vancouver, (OTCBB: SLGR) for approximately $742,711 in stock and approximately C$46,908 in cash in a deal valued at approximately $789,619. Delta issued 0.333 share and $0.0008 cash per Stallion share, acquiring a total 58.6 million shares. Delta issued approximately 19.5 million shares, or approximately 80% of Delta's outstanding shares. Stallion has oil and gas E&P assets in Mississippi, Louisiana and California. Stallion has interests in common with Delta in Mississippi, Phase II and prospects in the Sacramento Valley, California. Delta will integrate Stallion Group's assets into its business. Production from its Mississippi assets as of Jan. 14 were approximately 863,000 cubic feet of gas per day. Net proved reserves as of Jan. 14 were approximately 1.3 billion cubic feet.