<HTML>
<HEAD>
   <TITLE>Sterling Oil & Gas Form 8-K for October 31, 2008</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<!--$$/page=-->
<A name="page_1"></A>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">UNITED STATES<BR>
</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SECURITIES AND EXCHANGE COMMISSION <BR>
Washington, D.C. 20549<BR>
</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">_________________________</FONT></P>
<P align=center>&nbsp;&nbsp;<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">FORM 8-K <BR>
CURRENT REPORT<BR>
</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></B></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date of Report (Date of earliest event reported)</FONT><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">October 31, 2008</FONT></B></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>STERLING OIL &amp; GAS COMPANY<BR>
</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Exact name of registrant as specified in its charter)</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=center width="64%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">NEVADA</FONT></B>&nbsp; </TD>
     <TD noWrap align=center width="35%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">000-52959</FONT></B>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=center width="64%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(State or other jurisdiction of incorporation)</FONT>&nbsp; </TD>
     <TD noWrap align=center width="35%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Commission File No.)</FONT>&nbsp; </TD></TR></TABLE></DIV><BR>
<P align=center>&nbsp;&nbsp;<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">201 W. Lakeway <BR>
Suite 1000 <BR>
Gillette, Wyoming 82718<BR>
</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Address of principal executive offices and Zip Code)</FONT></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">(307) 682-3155<BR>
</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Registrant's telephone number, including area code)</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">[&nbsp; ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">[&nbsp; ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">[&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">[&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))</FONT></P>
<P align=left>&nbsp;</P>
<P align=left>&nbsp;</P>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_2"></A>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Section 8. Other Events.</FONT></P>
<P align=justify><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">As of October 31, 2008, Sterling Oil &amp; Gas Company (&#147;Sterling&#148; or the &#147;Company&#148;) completed sale of 925,000 units, for $.20 per unit, for a total proceeds of $185,000 pursuant to the Company&#146;s S-1, which became effective July 14, 2008. Each unit consisted of one share of common stock of Sterling and one warrant to purchase one share of common stock of Sterling exercisable at $.50 per share. The warrants are exercisable for cash upon notice to Sterling during a period of three years from the date of purchase. The number of warrants is to be adjusted in the event of a reclassification, change, stock dividend, stock split, combination, reorganization, merger or consolidation affecting the price or number of shares issuable or exercisable under the warrants so as to maintain an approximately equivalent number of shares and exercise price for the warrant holders before and after such a transaction. Any such adjustment is to be made pursuant to official notice from the Company in connection with the transaction. No underwriting discounts or commissions were paid in connection with the offering.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The $185,000 raised in the offering will be used for operating capital of Sterling.</FONT></P>
<TABLE style="WIDTH: 739px; HEIGHT: 128px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 9.01</FONT>&nbsp; </TD>
     <TD noWrap align=left width="51%">Financial Statements and Exhibits</TD>
     <TD noWrap align=left width="36%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="12%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Exhibit 1</FONT>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="51%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif">Exhibits</FONT>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="36%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Document Description</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD noWrap align=left width="51%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(4) Instruments defining the</FONT>&nbsp; </TD>
     <TD noWrap align=left width="36%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Example of Warrant Certificate</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD noWrap align=left width="51%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">rights of security holders</FONT>&nbsp; </TD>
     <TD noWrap align=left width="36%">&nbsp; </TD></TR></TABLE><BR>
&nbsp;<BR>
<BR>
<BR>
<BR>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SIGNATURES</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</FONT></P>
<P align=justify><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp; Dated this 31</FONT><SUP><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">st </FONT></SUP><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">day of October, 2008.</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="50%"></TD>
     <TD noWrap align=left width="50%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">STERLING OIL &amp; GAS COMPANY</FONT></B>&nbsp; </TD></TR>
<TR>
     <TD width="50%"></TD>
     <TD width="50%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="50%"></TD>
     <TD noWrap align=left width="50%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">BY:&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">RICHARD STIFEL</FONT></U>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="50%"></TD>
     <TD noWrap align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Richard Stifel, Principal Financial Officer,</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="50%"></TD>
     <TD noWrap align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Principal Accounting Officer and Secretary.</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="50%"></TD>
     <TD noWrap align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">.</FONT>&nbsp; </TD></TR></TABLE></DIV>
<P>&nbsp;</P>
&nbsp;<BR>
<HR align=center width="100%" noShade SIZE=2>

</BODY>

</HTML>
[{"type": "8-K", "sequence": "1", "filename": "sog8k103108.htm", "description": "STERLING OIL & GAS COMPANY FORM 8-K FOR OCTOBER 31, 2008", "secsgml_size_bytes": 9710}]
{"company-data": {"conformed-name": "Sterling Oil & Gas CO", "cik": "0001402273", "assigned-sic": "1381", "irs-number": "000000000", "state-of-incorporation": "NV", "fiscal-year-end": "0228"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52959", "film-number": "081154946"}, "business-address": {"street1": "201 W LAKEWAY", "street2": "SUITE 1000", "city": "GILLETTE", "state": "WY", "zip": "82718", "phone": "307-685-3122"}, "mail-address": {"street1": "201 W LAKEWAY", "street2": "SUITE 1000", "city": "GILLETTE", "state": "WY", "zip": "82718"}}
Sterling Oil & Gas Form 8-K for October 31, 2008
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
October 31, 2008
STERLING OIL & GAS COMPANY
(Exact name of registrant as specified in its charter)
NEVADA
000-52959
(State or other jurisdiction of incorporation)
(Commission File No.)
201 W. Lakeway
Suite 1000
Gillette, Wyoming 82718
(Address of principal executive offices and Zip Code)
(307) 682-3155
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Section 8. Other Events.
As of October 31, 2008, Sterling Oil & Gas Company ("Sterling" or the "Company") completed sale of 925,000 units, for $.20 per unit, for a total proceeds of $185,000 pursuant to the Company's S-1, which became effective July 14, 2008. Each unit consisted of one share of common stock of Sterling and one warrant to purchase one share of common stock of Sterling exercisable at $.50 per share. The warrants are exercisable for cash upon notice to Sterling during a period of three years from the date of purchase. The number of warrants is to be adjusted in the event of a reclassification, change, stock dividend, stock split, combination, reorganization, merger or consolidation affecting the price or number of shares issuable or exercisable under the warrants so as to maintain an approximately equivalent number of shares and exercise price for the warrant holders before and after such a transaction. Any such adjustment is to be made pursuant to official notice from the Company in connection with the transaction. No underwriting discounts or commissions were paid in connection with the offering.
The $185,000 raised in the offering will be used for operating capital of Sterling.
Item 9.01
Financial Statements and Exhibits
Exhibit 1
Exhibits
Document Description
(4) Instruments defining the
Example of Warrant Certificate
rights of security holders
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated this 31
st
day of October, 2008.
STERLING OIL & GAS COMPANY
BY:
RICHARD STIFEL
Richard Stifel, Principal Financial Officer,
Principal Accounting Officer and Secretary.
.