Delta Oil & Gas (OTCBB:DOIG) 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

Jackson, MS US, October 14, 2008 /FSC/ - The Stallion Group (SLGR - OTCBB), announces that Delta Oil & Gas Inc. (OTCBB: DOIG) ("Delta") filed a registration statement on Form S-4 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, the consideration described in the S-4 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 per share.

Stallion's management is currently reviewing the Form S-4.  Pending a review of the Form S-4 by the SEC and the commencement of the tender offer, Stallion's Shareholders will have an opportunity to tender their shares.  

About Stallion
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.

About Delta Oil and Gas
Delta Oil and 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.

Forward looking statement
Certain statements in this presentation constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements").