UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13-a16 or 15d-16 under the Securities Exchange Act of 1934

For the month of ~~September~~June, ~~2007~~2008

GIANT OIL & GAS INC.

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(Registrant’s Name)

246 Stewart Green S.W., Suite 4010

Calgary, Alberta, ~~Canada,~~ T3H 3C8

~~Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20~~-~~F or Form 40~~-~~F:Form 20~~-~~F [ X ]Form 40~~-~~F [ ]~~----------------------------------------

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [ X ] Form 40-F [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes [ ] No [ X ]

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

~~Property~~Giant Oil ~~Acquisition~~& Gas Inc. (the “Registrant”) will hold its Annual General Meeting of Shareholders on July 24, 2008 at 9:00 AM (Vancouver, British Columbia time) at Suite 1700-1185 West Georgia Street, Vancouver, British Columbia. In connection with the meeting, on or about June 27, 2008, the Registrant mailed to its shareholders (i) an Information Circular, (ii) a Notice of Annual General Meeting of Shareholders, and (iii) a Proxy Card.

~~On September~~For ~~19, 2007 Giant Oil & Gas Inc. (~~all the ~~“Company”)~~provisions ~~entered into a series~~ of ~~leases (~~the ~~“Leases’)~~Information ~~with~~Circular, the ~~government~~Notice of ~~the~~Annual ~~province~~General Meeting of ~~Alberta~~Shareholders, ~~Canada,~~ ~~pursuant to which the Company acquired the right to explore for potential petroleum~~ and ~~natural gas opportunities on certain properties in~~ the ~~plains~~ ~~region~~Proxy ~~of Alberta~~Card, ~~Canada. The~~reference ~~Leases~~is ~~were~~hereby ~~acquired~~made ~~by the Company pursuant~~ to asuch ~~public~~documents annexed ~~auction~~hereto ~~held~~as byExhibits ~~the government of Alberta~~99. ~~In consideration~~1, ~~the Company paid to the Alberta government approximately CDN $49~~99.2,~~000~~ ~~(USD $48,900) upon entering into the Leases~~ and ~~agreed to pay to the Alberta government an annual payment of either CDN $3~~99.~~50 per hectare or CDN $50~~3, ~~whichever is greater~~respectively. ~~The Leases are also subject~~All tostatements ~~royalties~~made ~~payable~~herein toconcerning the ~~government~~foregoing ofdocuments ~~Alberta. The~~are ~~royalty~~qualified isby ~~calculated~~references ~~dependent~~to onsaid ~~whether or not oil or natural gas is produced from the Leases~~exhibits. ~~The royalty for both oil and natural gas varies depending upon a variety of factors.~~

The Leases consist of a total of approximately 1,536 hectares of land in the central plains region of Alberta.

Section 9-Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of business acquired. Not applicable

(b) Pro forma financial information. Not applicable

SIGNATURES

Pursuant to the requirements of the Securities Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

GIANT OIL & GAS INC.

By: __ /s/ ~~Robert~~Rob ~~Coale____________~~Sandhu

Name: ~~Robert~~ Rob ~~Coale~~Sandhu

Title: President and Chief Executive Officer

Date: ~~October~~June 1516, ~~2007~~2006

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