CALGARY, March 2, 2012 /PRNewswire/ - Notification of live webcast event: LEGACY OIL + GAS INC.

Delta Oil and Gas, Inc. (OTCBB: DOIG) is pleased to announce it expects to drill 50 to 60 natural gas and/or oil wells in the USA and 8 to 10 natural gas and/or oil wells in Canada over the next 18 months.

Delta Oil & Gas, Inc. (OTCBB: DOIG) is pleased to announce that drilling of its second well (the "CC-7-2") on its Cache Slough property has now reached total depth and the operator of the well has elected to complete the well based on initial testing.

Delta Oil and Gas, Inc. (OTCBB: DOIG) is pleased to announce it has entered into a joint venture agreement to acquire an interest in a drilling program comprised of up to 50 natural gas and/or oil wells with the potential of multiple zones of pay.

Delta Oil & Gas Inc. (OTCBB: DOIG) is pleased to announce that its recently acquired interest in an oil well known as the Powell #2 at Owl Creek, Oklahoma has resulted in an important new discovery.