Source

MARKET NEWS

Date

05/19/2005

Time

04:02:18 AM

Company

Derek Oil & Gas Corporation

Title

Short Positions on 2005/05/15 500 -

DMIS Processed No CDNX Symbol: DRK

Exchange: VSE Symbol: DRK;DRKOF

Exchange: Symbol:

Press Release

Short Positions on 2005/05/15 500 -3,000 --->@NEWS RELEASE

DEREK OIL & GAS CORP ("DRK-V;DRKOF-L")

- Short Positions on 2005/05/15 500 -3,000

//st

Net Total Last Total Price

Date Change Shorted Price Volume Range

----------------------------------------------------------------------------

2005/05/15 -3,000 500 0.45* 92,882 0.43 - 0.47

2005/04/30 3,500 3,500 0.48* 313,225 0.46 - 0.52

2005/04/15 0 0 0.47 225,448 0.47 - 0.54

2005/03/31 -123,000 0 0.52* 1,279,974 0.49 - 0.56

2005/03/15 120,900 123,000 0.51 1,410,526 0.50 - 0.56

2005/02/28 -400 2,100 0.55 395,678 0.53 - 0.58

2005/02/15 2,500 2,500 0.50 544,406 0.46 - 0.51

2005/01/31 -10,000 0 0.51 402,611 0.51 - 0.57

* - Indicates that the closing price used is the last non-zero

closing price and is not the closing price on the report date.

____________________________________________________________

Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106

MarketByFax - News As It Happens - (800)667-1617

20050515SHO+514+001030

DEREK OIL & GAS CORP 6-K