The Stallion Group - Die Chance von Anfang an dabei zu sein! - 500 Beiträge pro Seite (Seite 4)

[Blindgaenger2]

SLGR.OB > SEC Filings for SLGR.OB > Form 10-K on 9-Sep-2008 All Recent SEC Filings

Show all filings for STALLION GROUP | Request a Trial to NEW EDGAR Online Pro

Form 10-K for STALLION GROUP


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

9-Sep-2008

Annual Report



Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation

Cautionary Statement Regarding Forward-Looking Statements
This annual report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. Some discussions in this report may contain forward-looking statements that involve risk and uncertainty.
A number of important factors could cause our actual results to differ materially from those expressed in any forward-looking statements made by us in this report. Forward-looking statements are often identified by words like:
"believe", "expect", "estimate", "anticipate", "intend", "project" and similar expressions or words which, by their nature, refer to future events.



--------------------------------------------------------------------------------
In some cases, you can also identify forward-looking statements by terminology such as "may", "will", "should", "plans", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors", that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. All references to "common shares" refer to the common shares in our capital stock.

As used in this annual report, the terms "we", "us", "our", and "Stallion" mean The Stallion Group, unless otherwise indicated.

Stallion is an exploration stage company. There is no assurance that commercially viable mineral and/or oil and natural gas deposits exist on the claim that we have under option. Further exploration will be required before a final evaluation as to the economic and legal feasibility of the claim is determined.


Glossary of Exploration Terms


The following terms, when used in this report, have the respective meanings
specified below:


Development Preparation of a mineral deposit for commercial production,
including installation of plant and machinery and the construction
of all related facilities. The development of a mineral deposit can
only be made after a commercially viable mineral deposit, a
reserve, has been appropriately evaluated as economically and
legally feasible.
Diamond drill A type of rotary drill in which the cutting is done by abrasion
rather than percussion. The cutting bit is set with diamonds and is
attached to the end of long hollow rods through which water is
pumped to the cutting face. The drill cuts a core of rock, which is
recovered in long cylindrical sections an inch or more in diameter.
Exploration The prospecting, trenching, mapping, sampling, geochemistry,
geophysics, diamond drilling and other work involved in searching
for mineral bodies.
Geochemistry Broadly defined as all parts of geology that involve chemical
changes or narrowly defined as the distribution of the elements in
the earth's crust; the distribution and migration of the individual
elements in the various parts of the earth.
Geology The science that deals with the history of the earth and its life
especially as recorded in the rocks; a chronological account of the
events in the earth's history.






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


Geophysics The science of the earth with respect to its structure,
components and development.
Mineral A naturally occurring inorganic element or compound having an
orderly internal structure and characteristic chemical
composition, crystal form and physical properties.
Mineral Reserve A mineral reserve is that part of a mineral deposit which could
be economically and legally extracted or produced at the time of
the reserve determination.
Mineralization Rock containing an undetermined amount of minerals or metals.
Oxide Mineralized rock in which some of the original minerals, usually
sulphide, have been oxidized. Oxidation tends to make the mineral
more porous and permits a more complete permeation of cyanide
solutions so that minute particles of gold in the interior of the
minerals will be more readily dissolved.


Bright Spot




Technology

Bright spot technology is a unique method by which 3-D seismic data is re-interpreted yielding enhanced amplitude shows pertaining to potential gas reserves.


Foreign Currency and Exchange Rates
Dollar costs of Stallion's property acquisition and planned exploration costs are in Canadian Dollars. For purposes of consistency and to express United States Dollars throughout this report, Canadian Dollars have been converted into United States currency at the rate of US $1.00 being approximately equal to CA $1.05 or CA $1.00 being approximately equal to US $0.95 which is the approximate average exchange rate during recent months and which is consistent with the incorporated financial statements.

Overview

We were incorporated in the State of Nevada on January 09, 2004 as The Stallion Group and established a fiscal year end of May 31. Our statutory registered agent's office is located at 251 Jeanell Drive, No. 3, Carson City, Nevada 89703 and our business office is located at 604 - 700 West Pender Street, Vancouver, British Columbia V6C 1G8. Our telephone number is [phone]. There have been no material reclassifications, mergers, consolidations or purchases or sales of any significant amount of assets not in the ordinary course of business since the date of incorporation. On September 27, 2006 we split our stock on a 3 for 1 basis and on April 17, 2007, we split our stock on a 2 for 1 basis. We are a start-up, exploration stage company engaged in the search for minerals including natural gas, oil and gold. There is no assurance that a commercially viable mineral deposit, a reserve, exists in our claim or can be shown to exist until sufficient and appropriate exploration is done and a comprehensive evaluation of such work concludes economic and legal feasibility.

On May 31, 2004, we optioned a mineral property containing four mining claims in British Columbia, Canada by entering into an Option To Purchase And Royalty Agreement with Mayan Minerals Ltd. on behalf of Angel Jade Mines Ltd., the beneficial owner of the claims, each arms-length British Columbia corporations, to acquire the claims by making certain expenditures and carrying out certain exploration work on the claims. We can acquire a 100% interest in the claim subject to the expenditure of a total of $116,000 through a three-phase exploration program. In addition, the vendors retain a 3% net smelter royalty. After January 1, 2007 payments of $40,000 per year are to be made as advance royalty to Angel Jade so long as Stallion retains an interest in the claim.
After careful review of this project, the



--------------------------------------------------------------------------------
Company's new management team decided to abandon this project and invest the Company's funds in projects that has a higher likelihood of success and no further liability will accrue to the Company.
Mississippi Prospect

On August 2, 2006 the Company entered into an agreement (the "Participation Agreement") with Griffin & Griffin Exploration LLC ("G&G") in connection with two drilling programs to be conducted by G&G. According to the Participation Agreement, the Company's share of all costs was 30% (its "pro-rata share"), which entitled the Company to share in the following arrangement:

Wilcox wells:

d)

G&G will be entitled to receive 25% of all net revenues

e)

The Company will be entitled to receive its pro-rata share of seventy-five percent (75%) of all net revenues, being (23%) of such net revenues.

f)

In the event that the first exploration well establishes commercial production, then any offsetting well within the limits of the same reservoir, at the option of G&G, will be at the cost of G&G; or, provide the Company an opportunity to participate at its pro-rata share in 100% of all net revenues until all costs, including costs associated to establish commercial production, before payout (BPO), after which G&G will be entitled to its 25% working interest after payout (APO).

Frio wells:

c)

G&G will be entitled to 20% of all net revenues;

d)

The Company will be entitled to receive its pro-rata share of 80% of all net revenues, being 24% of such net revenues.

The total costs associated with the above program are $1,200,000 and are described below:

·

The Company's pro-rata share of $1,000,000 paid by August 15, 2006 which amounted to $300,000.

·

On or before November 16, 2006 the Company's pro-rata share of $2,000,000 amounting to $600,000 which will be used to further the development of prospects on lands of interest in Mississippi and Louisiana.

·

On or before January 31, 2007 the Company's pro-rata share of $1,000,000 amounting to $300,000, which will be used to further the development of prospects on lands of interest in Mississippi and Louisiana.

As at May 1, 2007, we incurred $1,200,000 in identifying and acquiring oil and natural gas interests, and for exploration costs.

Effective June 13, 2007, the Company increased its interest, and thus its pro-rata share of costs, in the drilling programs covered by the Participation Agreement to 40%. The Company is currently in the process of finalizing documentation to reflect such changes in connection with its interests in the Frio-Wilcox drilling programs.



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

The CMR-USA-39-14 (Redbug #1) well, was drilled to a depth of 3,200 feet and encountered 24 feet of pay. The well is now connected to a nearby pipeline and has begun producing natural gas on December 23, 2006. The costs associated with this well were $105,376. The revenue produced from this well was $50,723 for the year ended May 31, 2008. (May 31, 2007: $17,221).

The second well in this program was the Dixon #1 well, which reached total depth of 8,650 feet, and reached the Wilcox formation. However, after testing, the well showed no hydrocarbons and ,therefore, was plugged and abandoned. The costs transferred to Proving properties amounted to $121,815.

TEC-1 closure (known as the Faust #1 well) has encountered the Frio gas formation and has been completed as a gas well. The well encountered significant gas reserves. The Operator has now completed gas flow testing and the production test rate was approximately 283 Mcf/day using a 6/64 choke. This well encountered pressures exceeding 800 psi. Stallion expects the production rate to normalize at 200 Mcf/day This well should be tied in during the 2009 fiscal year. The total costs for this well amounted to $129,223.

The CMR-USA-37-1 (Redbug #2) well was drilled to a depth of 3,220 feet. The well encountered 10 feet of net pay at a depth between 2,630 and 2,640 feet.
The well is connected to the nearby pipeline and has begun producing natural gas. The revenue produced from this well was $34,788 for the year ended May 31, 2008. (May 31, 2007: $0).

The Buffalo River F-33 well was drilled to a depth of 3,837 feet. The well encountered 12 feet of net pay at a depth of between 3,152 and 3,165 feet, with estimated reserves of 0.226 BCF. The costs of this well amounted to $132,861.
The revenue produced from this well was $73,836 for the year ended may 31, 2008, (May 31, 2007:$0).

The following table indicate the Net Reserves for those wells producing and estimated reserves for those wells awaiting connection to the nearby gas gathering system. It also shows those wells drilled and abandoned.


Well Name Total Net Reserves Suggested daily Proved, Awaiting
at WI BCF Flow Rate in Cubic Tie-in, Producing
Feet or Abandoned
CMR USA 39-14 0.230 140,000 Proved & Producing
(Redbug #1)
TEC 1 Closure - 0.319 175,000 Proved & Awaiting
Faust #1 Tie-In
BR F-24 0.196 154,000 Abandoned
USA 37-1 Redbug #2 0.341 200,000 Proved & Producing
BR F - 33 0.226 194,000 Proved & Producing
PP F-111 - - Abandoned
Randall #1 - - Abandoned
PP F-90 - - Abandoned
PP F-91 - - Abandoned
PP F-100 - - Abandoned
PP F-83 - - Abandoned
PP F-6A - - Abandoned






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

Willows Gas Field

On February 15, 2008, the Company entered into a Farm Out Agreement with Production Specialties Company ("Production Specialties") for participation in a natural gas prospect area located in the North Sacramento Valley, California. Production Specialties is currently involved in the generation and participation of various prospects encompassing 300 square miles of 3 dimensional seismic shot in the Sacramento Valley. The specific prospect area of Stallion's participation is within a previous producing field and it is expected that multiple prospects will be identified.

The Company drilled its first prospect well paying 12.5% of the costs of the first well to earn a 6.5% Working Interest. Thereafter, the Company will pay 6.5% of the costs of future wells to earn 6.5% Working Interest. The exploration well encountered gas reserves that were economically viable. The total costs of the first well were $193,638. The well has been connected to a nearby pipeline and revenue for the year ended May 31, 2008 was $34,216 (May 31, 2007: $0).

Risks

At present we do not know whether or not the exploration wells contain commercially exploitable reserves of oil and/or natural gas or any other valuable mineral. Additionally, the proposed expenditures to be made by us in the exploration of the claim may not result in the discovery of commercial quantities of oil and/or natural gas. Problems such as unusual or unexpected formations and other unanticipated conditions are involved in mineral exploration and often result in unsuccessful exploration efforts. In such a case, we would be unable to complete our business plan.

However, in order to complete future phases of our proposed exploration program we will need to raise additional funding. Even if the first phase of our exploration program is deemed to be successful there is no guarantee that we will be able to raise any additional capital in order to finance the second or third phases. Should we be unable to raise additional funding to complete our exploration plan, we would have to cease operations.

Finally, even if our exploration program is successful we may not be able to obtain commercial production. If our exploration is successful and commercial quantities of minerals are discovered we will require a significant amount of additional funds to ensure commercial production. Should we be unable to raise the additional funds required, we would be unable to continue economic operations and may have to either sell our working interest to a third party or would have to cease operations.

Employees

Initially, we intend to use the services of subcontractors for manual labour exploration work on our claims and an engineer or geologist to manage the exploration program. Our only employees are Christopher Paton-Gay, Chairman/CEO and director and Kulwant Sandher, Chief Financial Officer and director.

At present, we have no other employees, other than our officers and directors. Neither Mr. Paton-Gay or Mr. Sandher has an employment agreement with us, however they do have contract for services agreements. We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt such plans in the future. There are presently no personal benefits available to employees.



--------------------------------------------------------------------------------
We intend to hire geologists, engineers, operators and excavation subcontractors on an as needed basis. We have entered into an operating agreement with Griffin & Griffin LLC to provide drilling and exploration services for the Company's Mississippi's play.
Offices

Our offices are located at 604 - 700 West Pender Street, B.C. Canada V6C 1G8. Currently, these facilities are provided to the Company by Hurricane Corporate Services Ltd., a company owned by two directors. The costs regarding accounting, office, secretarial and consulting services are paid on a fixed amount per month.

Results of Operations

Stallion was incorporated on January 09, 2004; comparative periods for the years ended May 31, 2008, May 31, 2007 and January 09, 2004 (inception) through May 31, 2008 are presented in the following discussion.

Since inception, we have used our common stock to raise money for our optioned acquisition and for corporate expenses. Net cash provided by financing activities (less offering costs) from inception on January 09, 2004 to May 31, 2008 was $2,595,434 as a result of proceeds received from sales of our common stock.

Revenues

REVENUE - Gross revenue for the year ended May 31, 2008 was $193,563 ($17,221 for the year ended May 31, 2007 and $210,784 for the period from inception to May 31, 2008).

COMMON STOCK - Since inception, we have used our common stock to raise money for our optioned acquisition and for corporate expenses. Net cash provided by financing activities during the year ended May 31, 2008 was $823,500 as compared to $1,673,134 for the year ended May 31, 2007 and $2,595,434 received for the period from inception on January 09, 2004 through to and including May 31, 2008.

Expenses

SUMMARY - Total expenses increased to $1,350,569 during the year ended May 31, 2008 from $1,220,250 in the corresponding year ended May 31, 2007. A total of $2,655,335 in expenses has been incurred since inception on January 09, 2004 through May 31, 2008. The increase in operating costs was caused by the following;

1.

Cost of Revenue. The cost of revenue, including the write down of the carrying value of oil and properties and depletion, for the year ended May 31, 2008, has increased to $805,561 compared to $219,113 for the corresponding year. The increase is directly attributable to the success in the Company's drilling programs as natural gas wells have begun producing. Excluding depletion and write down in the carrying value of oil and gas properties, the natural cost operating costs for the year ended May 31, 2008 were $42,157, compared to $1,846 to the corresponding year ended May 31, 2007. The write down in carrying value of oil and gas properties was caused by the Company's calculation of the full cost ceiling test as mandated by the SEC.



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

2.

Legal and Accounting Fees. A decrease in legal and accounting fees to $77,416 for the year ended May 31, 2008 (May 31, 2007: $92,591) was caused by the Company's reduction in legal fees relating to the forward splits of the Company's common stock and expenses for the registration statement SB-2 during the prior year.

3.

Consulting Fees. A decrease in consulting fees to $355,369 for the year ended May 31, 2008 ( May 31, 2007: $654,976) was caused by a reduction in the stock based compensation charge of $240,189 (May 31, 2007: $610,372)

4.

Office and Miscellaneous. Decreased to $18,397 for the year ended May 31, 2008 (May 31, 2007: $39,463) and was caused by the reduction in the cost of developing the Company's website, stationary etc in the prior year.

5.

Travel: Travel costs for the year ended May 31, 2008 was $8,498 (May 31, 2007:
$63,945). The reduction was caused by Chairman limiting his travel to North America.

6.

Investor relations costs decreased to $70,010 for the year ended May 31, 2008 (May 31, 2007 $134,861). The decrease was caused the cancellation of a contract with an investor relations firm in Germany and a reduction in conference costs associated with the presentation of the Company to new investors.

During the current year under review, Stallion has 72,109,508 common shares issued and outstanding. The increase in the number of issued shares was caused by a forward split of 3:1 in September 27, 2006 and a 2:1 forward split on April 17, 2007 together with issuances of common stock resulting from private placements.

Stallion continues to carefully control its expenses and overall costs as it moves forward with the development of its business plan. Stallion does not have any employees and engages personnel through outside consulting contracts or agreements or other such arrangements, including for legal, accounting and technical consultants.

Other Income

During the year ended May 31, 2008, the Company earned $0 in interest income from the funds on deposit during the period. (May 31, 2007: $5,657).

For the year ended May 31, 2008, the net loss was $1,157,006 ($0.02 per share). The loss per share was based on a weighted average of 71,665,177 common shares outstanding. For the same period ended May 31, 2007, the corresponding number was a loss of $1,197,372 ($0.02) based on 64,530,908 shares outstanding.

Plan of Operation

Stallion believes it can satisfy its cash requirements for the current fiscal year end of May 31, 2008, only by raising additional capital through private placements, equity financing, loans or the like. As of May 31, 2008, we had $101,948, excluding share subscriptions received, in unallocated working capital.

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

The Company has changed its focus to targeting natural gas and oil exploration opportunities. For the remainder of the current fiscal year to May 31, 2009, the Company intends to pursue its working interest obligations within its area of mutual interest on its controlled lands in California, Mississippi and Louisiana. The Company will likely fund its drilling obligations by way of issuing equity capital through the facilities of private placement exemptions. The Board of directors has authorised the exploration and development of the controlled lands over the next fiscal year. Further more it is the intention of the Company to continue to explore new opportunities for the exploration of hydrocarbons.

If it turns out that we have not raised enough money to complete our natural gas and oil exploration program, we will try to raise the funds by way of public offering, private placements, loans or the establishment of a joint venture whereby a third party would pay the costs associated with the exploration and we would retain a carried interest. At the present time, there is no assurance that we would be able to raise sufficient funds to complete our exploration program. If we raise the additional funds necessary to complete our exploration program, the Company may have to suspend operations.

We do not expect to hire a significant number of employees since contracts are given on an as needed basis to consultants and sub-contractor specialists in specific fields of expertise for the exploration works and the Company has the ability to source high quality consultants to facilitate the existing drilling programs.

Presently, our revenues are not sufficient to meet operating and capital expenses. We have incurred operating losses since inception, and this is likely to continue through fiscal 2008 - 2009.

As at May 31, 2008, we had a working capital surplus of $101,948, excluding share subscriptions received. We do not anticipate that we will be able to satisfy any of these funding requirements internally until we significantly increase our revenues.

Due to the uncertainty of our ability to meet our current operating and capital expenses, in their report on the annual financial statements for the year ended May 31, 2008, our independent auditors included an explanatory paragraph regarding concerns about our ability to continue as a going concern. Our financial statements contain additional note disclosures describing the circumstances that lead to this disclosure by our independent auditors.

There is substantial doubt about the Company's ability to continue as a going concern as the continuation of the Company's business is dependent upon obtaining further financing. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

There are no assurances that we will be able to obtain further funds required for our continued operations. We are pursuing various financing alternatives to meet our immediate and long-term financial requirements. There can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain the additional financing on a timely basis, we will not be able to meet our other obligations as they become due.

--------------------------------------------------------------------------------
Liquidity and Capital Resources
For the year ended May 31, 2008, the Company generated $193,563 in revenue from our business operations, however, this revenue is currently not sufficient to cover the Company's operating cash expenses. Hence the Company used Net Cash of $ 281,171 (May 31, 2007: $336,478) in its operating activities.

Since inception, we have used our common stock to raise money for our optioned acquisition and for corporate expenses. Net cash provided by financing activities from inception on January 09, 2004 to May 31, 2008 was $2,595,434 as a result of gross proceeds received from sales of our common stock (less . . .


Add SLGR.OB to Portfolio Set Alert Email to a Friend

Get SEC Filings for Another Symbol: Symbol Lookup

Quotes & Info for SLGR.OB - All Recent SEC Filings


Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial Sign Up Now

[Blindgaenger2]

Da bin ich mal gespannt ob die das schaffen.....

entweder Hop oder Top !!!!!

[Blindgaenger2]

Zumindest eine Steigerung der Einnahmen.... wenn der Gaspreis jetzt noch mächtig steigen sollte, dann haben die ja sogar noch gute Chancen für eine erfolgreiche Firma.....

[Blindgaenger2]

[Blindgaenger2]

Könnte echt noch interessant werden....


Delta Oil & Gas Files Form S-4 in Anticipation of Offer to Acquire at Least 80% of the Shares of The Stallion Group on a Fully-Diluted Basis (OTCBB: SLGR)

SEATTLE, WA -- (Marketwire) -- 10/07/08 -- Delta Oil & Gas, Inc. (OTCBB: DOIG) is pleased to announce that it has filed a Form S-4 with the Securities and Exchange Commission in order to register 27,168,832 of its common shares, which will form part of the consideration being offered to shareholders of The Stallion Group ("Stallion") in a proposed offer to acquire at least 80% of the shares of Stallion on a fully-diluted basis. Subject to the terms and conditions of the offer as contained in the Form S-4, it is anticipated that the consideration for each Stallion common share tendered in the offer and accepted would be 0.333 of a share of Delta common stock, and cash in the amount of $0.0008.

The Form S-4 filing is an extensive document containing information regarding the rationale for this decision, the process for acquiring the Stallion stock, the risks involved, current and pro-forma financial statements, and details of Stallion's current operations. This Form S-4 filing is the first step in the process of acquiring at least 80% of the shares of Stallion on a fully-diluted basis and is subject to SEC review and clearance prior to proceeding.

The Stallion Group (OTCBB: SLGR) is an advanced oil and gas exploration and emerging early stage development company focused on its Mississippi, Louisiana and California exploration areas in the United States. Stallion has developed a foundational strategy which includes extensive analysis of all drilling opportunities. Once the analysis phases are complete, Stallion can and does move very quickly to drill and establish reserve and production values. Stallion's management is tasked with the requirement to manage exploration and development risk by participating only with mature oil and gas operators on our AMI lands (Area of Mutual Interest). Stallion has interests in common with Delta in Mississippi, Phase II and prospects in the Sacramento Valley, California, including one producing natural gas well and the right to participate in future wells at that location. For more information about Stallion, it maintains a website located at www.thestalliongroup.com.

Delta sees many synergies between itself and Stallion and with a view to accelerating growth in Delta, while maintaining its relatively small overhead, it sees Stallion as an excellent company to be combined with Delta.

Additional Information and Where to Find It

In connection with this proposed transaction, Delta will also file with the U.S. Securities and Exchange Commission (SEC) a statement on Schedule TO. Stallion shareholders are strongly encouraged to read the registration statement and any other relevant documents filed with the SEC, as well as any amendments and supplements to those documents, because they will contain important information about the proposed transaction. The final prospectus will be mailed to shareholders of Stallion. Investors and security holders will be able to obtain free copies of the registration statement as well as other filed documents containing information about the proposed transaction, without charge, at the SEC's web site (www.sec.gov). Neither Delta nor any of their respective directors or executive officers makes any recommendation as to whether you should participate in the proposed transaction.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Such an offer may be made solely by a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. Accordingly, the offer for the outstanding shares of Stallion common stock pursuant to the proposed transaction described in this communication has not commenced. At the time that the proposed transaction is commenced, Delta will file a statement on Schedule TO with the SEC. The distribution of this communication may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions.

About Delta Oil & Gas

Delta Oil & Gas is an exploration company focused on developing North American oil and natural gas reserves. The Company's current focus is on the exploration of its land portfolio comprised of working interests in the following prospects: the Mississippi prospects, the horizontal drilling prospect in Saskatchewan, the 2006-03 Prospect at Garvin and Murray Counties, Oklahoma and the 2007-01 Prospect in Garvin County, Oklahoma. Delta Oil & Gas is seeking to expand its portfolio to include additional interests in Canada and the USA.

On behalf of the Board of Directors,

DOUGLAS N. BOLEN, CEO

Safe Harbor Statement

This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to time frames, expectations for completion; the analysis of results and the intention to drill. Actual outcomes and the Company's results could differ materially from those in such forward-looking statements. Factors that could cause results to differ materially include general factors that affect all companies that explore for oil and gas, such as the uncertainty of the requirements demanded by environmental agencies, the fact that oil and gas extraction and production is risky, the potential that no commercial quantities of gas are found or recoverable, the price of oil and gas, geological problems that prevent us from reaching drilling targets and specific risks such as the Company's ability to raise financing.

Distributed by Filing Services Canada and retransmitted by Marketwire

Contact Info:
Greg Werbowski
1.866.355.3644
Email Contact
www.deltaoilandgas.com

[Blindgaenger2]

mein nächstes kurzfristiges Kursziel....

0,05 (diese Woche noch)

[Tirolesi]

http://www.cosgan.de/images/smilie/frech/a045.gif

[Tirolesi]

http://www.cosgan.de/images/smilie/frech/a045.gif

[Blindgaenger2]

Wer kann der kann.....

[Blindgaenger2]

Endlich mal wieder grün....

[Blindgaenger2]

[lindahef]

Hallo,
schreibe heute das Erste mal.
Bekam heute von meiner Bank ein Schreiben, dass bei Stallion Group von Delta Oil & Gas Inc. eine Übernahme stattfinden soll.
Nun weiß ich nicht was ich tun soll.
Das Schreiben lautet!
Sie erhalten Aktien der Delta Oil & Gas Inc.(Wertpapiernummer nicht bekannt), und zwar im Verhältnis 0,333 Delta Oil & Gas Inc.-Aktien Stallion Group-Aktien):1 Stallion-Group-Aktie(n) und eine Barvergütung in Höhe von USD 0,0008.
Das Angebot bezieht sich nur auf den Zeiraum vom 16.02.2009 bis zum 17.03.1009.
Kurs der Stallion Goup-Aktien vom 13.02.2009; USD 0,0084
Devisenkurs vom 13.02.2009; USD 1,2856.
Viellelicht kennt sich da jemand besser aus als ich, und kann darauf Antwort geben. [e-mail]

[Blindgaenger2]

Antwort auf Beitrag Nr.: 36.626.603 von lindahef am 21.02.09 15:28:28

Ich unterschreibe vorerst nicht......

Könnte sein, dass sie ihr Angebot noch nachbessern....

kann aber auch in die Hose gehen.....

mal sehen wieviel % sich dieser Meinung anschließen.


Zumindest warte ich vorerst mal bis zum Angebotsschluß.

[Blindgaenger2]

[Blindgaenger2]

Angebotsfrist von DOIG offiziell beendet.......

[G-C-L]

Schaue nach langer Zeit mal wieder hier vorbei und bin erschüttert.

Es ging ja schon vor zwei Jahren bergab, aber noch von deutlich über
1,00 €, dann kam sogar noch ein Split.
Am 24.07.07 stieg der Kurs zum letzten Mal auf über 0,50 € und da
habe ich meine 10K schnell zu 0,509 verkauft - mit ganz kleinem
Kursgewinn auf meinen EK - aber eben auch ohne Verlust.

Schon damals hat "Asynchronmaschine" immer wieder vor diesem
Wert gewarnt. - Nun hat er wohl endgültig recht behalten!