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Related Party Transactions
3 Months Ended
Mar. 31, 2015
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

3.  RELATED PARTY TRANSACTIONS

 

Santiago Peralta, a major shareholder of the Company, was appointed on January 7, 2015 as the Interim CEO, President, Officer, and Director of Delta International Oil and Gas, Inc. The term of the agreement between the Company and Mr. Peralta is one year at an annual salary of US$80,000, plus a quarterly bonus of US$5,000.

 

Upon Mr. Malcolm W. Sherman’s retirement as of December 31, 2014, the Company chose to honor Mr. Sherman’s contract that extended until March 20, 2015 for his hard work and dedication. The Company did a one-time payout of US$50,357 on January 9, 2015.