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April 24, 2007  Derek Oil & Gas Corporation Reports Successful Drilling on LAK Ranch Project & Approval on Steaming Permits
March 22, 2007  Derek Oil & Gas Corporation Reports Successful Progress & Directional Drilling on LAK Ranch
March 12, 2007  New Member to Derek Oil & Gas Corporation's Board of Directors
March 06, 2007  Drilling has Commenced on Derek Oil & Gas Corporation's LAK Ranch
February 28, 2007  Derek Oil & Gas Corporation's Drill Permit Application Approved and 12 Well Program Initiated
February 21, 2007  Derek Oil & Gas Corporation Signs Drilling Contract with Elenburg Exploration, Inc.
February 15, 2007  Derek Oil & Gas Corporation Completes & Submits Drill Permit Applications
January 25, 2007  Derek Receives Regulatory Approval for Two Non-Brokered Private Placements Totaling $1, 818, 250
January 18, 2007  Derek Extends & Oversubscribes Its Non-Brokered Private Placement Announced January 11, 2007 To One Of Its Institutional Investors
January 12, 2007  Derek Announces $1,643,250 Non-Brokered Private Placement
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