U.S. Markets closed

Delta Oil & Gas Initiates Turn-Around Strategy, Engages Excelsis Accounting Group To Complete Audits

VANCOUVER, British Columbia--(BUSINESS WIRE)--

Delta Oil & Gas, Inc. (the “Company” “Delta”) (DLTA), has announced that it has engaged Excelsis Accounting Group (“EAG”) as its new independent registered public accounting firm, effective July 27, 2017. The Company has also filed a Form 8-K with the Securities and Exchange Commission noting the engagement of EAG.

Delta has initiated a turn-around process with intentions to become fully audited and SEC reporting as soon as possible. Portfolio expansion plans include an internal evaluation of current lease and oil and gas producing assets, expanding into oilfield services and exploration and production leases wherein new revenue producing companies and assets will be acquired and invested into.

“I have been working closely with Delta’s prior leadership and service providers to obtain a workflow and secure the engagement of a qualified auditor in order to bring Delta current and fully-reporting. The engagement of EAG is a critical first step towards expanding shareholder value and launching an aggressive acquisition strategy,” stated Dr. Jordan Balencic, Delta’s interim Chief Compliance Officer.

About Delta Oil & Gas, Inc.

Delta Oil & Gas, Inc. (DLTA) is an energy holding company which targets projects or businesses that are of extremely high quality, low to medium risk, and close to hydrocarbon delivery points. The Company operates exclusively within North America and currently holds land positions with varying working interests in a number of California regional plays, Texas and Oklahoma - with a focus on larger and much higher impact targets in the USA of both conventional oil and gas reserves.

About Excelsis Accounting Group

Excelsis Accounting Group is a full service Certified Public Accountant (CPA) firm located in Reno, Nevada providing audit and accounting, tax, internal control evaluation and testing, business valuation, litigation support, CFO for hire and management consulting. Our firm is registered with the Public Company Accounting Oversight Board (PCAOB), and our professional staff and consultants possess the expertise in servicing Securities Exchange Commission (SEC) Registrants with their quarterly and annually compliance requirements, including 10-K, 10-Q and 8-K filings.

OTC Markets Profile: https://www.otcmarkets.com/stock/DLTA/overview

Full FCC Disclosure and Disclaimer: https://www.otcmarkets.com/filing/html?id=12910409&guid=RB2EUHuCxw9yj3h

View source version on businesswire.com: https://www.businesswire.com/news/home/20180813005139/en/