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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
                D.C.&#160;&#160;&#160;&#160;20549</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FORM
                8-K</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
                REPORT</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
                to Section 13 or 15(d) of the</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Securities
                Exchange Act of 1934</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
                of Report</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Date
                of earliest event reported)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>March
                30, 2006</strong></font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<img src="logo.jpg" alt=""></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>THE
                EXPLORATION COMPANY OF DELAWARE, INC.</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
                name of registrant as specified in its charter)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                of</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission
                File</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS
                Employer</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">incorporation)</font></div>
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                No.)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>500
                North Loop 1604 East, Suite 250</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>San
                Antonio, Texas</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>78232</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
                of principal executive offices)</font></div>
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                Code)</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(210)
                  496-5300</strong></font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant's
                  telephone number,</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">including
                  area code)</font></div>
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              <td align="justify" valign="top" width="84%">
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                  the appropriate box below if the Form 8-K filing is intended to
                  simultaneously satisfy the filing obligation of the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">registrant
                  under any of the following provisions (</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>see
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                  Instruction A.2. below):</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;Written
                  communications pursuant to Rule 425 under the Securities Act (17
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                  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                  240.14a-12)</font></div>
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                  communications pursuant to Rule 14d-2(b) under the Exchange Act
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              <td align="justify" valign="top" width="84%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;Pre-commencement
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                1.01: &#160;Entry Into a Material Agreement </strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
                March 31, 2006, the Company issued a press release announcing that
                it
                </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">entered
                into definitive agreements with institutional investors to sell 3.0
                million shares of common stock in a private placement for $10.50
                per
                share, or a total of $31.5 million</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                The transaction closed on April 4, 2006. Fees paid to the placement
                agents
                are expected to be approximately $1.6 million. A.G. Edwards Inc.
                and
                Harris Nesbitt Corp. served as co-placement agents in the private
                offering. </font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Net
                proceeds of approximately $29.9 million will be used to increase
                drilling
                and development of the Glen Rose Porosity and San Miguel tar sand
                plays on
                the Company's Maverick Basin acreage, drilling in its Marfa Basin
                acreage,
                and fund it recent acquisition of a drilling rig. </font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
                to the terms and conditions of a Registration Rights Agreement between
                the
                Company and the investors, the Company has agreed to file a registration
                statement with the Securities and Exchange Commission covering the
                resale
                of the shares within 30 days after closing of the transaction and
                use its
                best efforts to obtain effectiveness of such registration statement
                within
                150 days from closing. In case the Company does not meet these filing
                deadlines, the Company is required to pay a penalty of 1% of the
                aggregate
                investment made by the investors, monthly up to a total of 10%. A
                copy of
                this Registration Rights Agreement is attached herewith as Exhibit
                10.2.
                </font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                3.02: &#160;Unregistered Sales of Equity Securities
                </strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
                March 30, 2006, the Company entered into definitive agreements to
                sell 3
                million shares of its common stock, as described in Item 1.01 above.
                </font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                9.01: &#160;Financial Statements and Exhibits</strong></font></div>
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            <td align="left" valign="top" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            <td align="left" valign="bottom" width="7%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit
                </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Number</font></div>
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                Agreement between The Exploration Company of Delaware, Inc. and several
                investors</font></div>
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            <td valign="top" width="7%">&#160;</td>
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                Rights Agreement between </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Exploration Company of Delaware, Inc. and several
                investors</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                release dated March 31, 2006, and titled "The Exploration Company
                Announces Private Placement of Common Stock"
</font></div>
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                warranties and representations set forth in the exhibits referenced
                above
                were made solely for the purposes of the transaction described therein
                and
                are not intended for any other
                purpose.</font></div>
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                has duly caused this registration statement to be signed on its behalf
                by
                the undersigned, thereunto duly authorized.</font></div>
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                April 5, 2006</font></div>
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                EXPLORATION COMPANY OF DELAWARE, INC.</font></div>
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                P. Mark Stark</font></div>
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            <td align="justify" colspan="2" valign="top" width="37%">
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                Mark Stark</font></div>
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{"company-data": {"conformed-name": "EXPLORATION CO OF DELAWARE INC", "cik": "0000313395", "assigned-sic": "1311", "irs-number": "840793089", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-09120", "film-number": "06741894"}, "business-address": {"street1": "500 N LOOP 1604 EAST", "street2": "SUITE 250", "city": "SAN ANTONIO", "state": "TX", "zip": "78232", "phone": "2104965300"}, "mail-address": {"street1": "500 N LOOP 1604 E", "street2": "SUITE 250", "city": "SAN ANTONIO", "state": "TX", "zip": "78232"}, "former-company": {"former-conformed-name": "EXPLORATION CO", "date-changed": "19920703"}}
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)
March
                30, 2006
THE
                EXPLORATION COMPANY OF DELAWARE, INC.
(Exact
                name of registrant as specified in its charter)
Delaware
0-9120
84-0793089
(State
                of
(Commission
                File
(IRS
                Employer
incorporation)
Number)
Identification
                No.)
500
                North Loop 1604 East, Suite 250
San
                Antonio, Texas
78232
(Address
                of principal executive offices)
(Zip
                Code)
(210)
                  496-5300
(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):
o
Written
                  communications pursuant to Rule 425 under the Securities Act (17
                  CFR
                  230.425)
o
Soliciting
                  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                  240.14a-12)
o
Pre-commencement
                  communications pursuant to Rule 14d-2(b) under the Exchange Act
                  (17 CFR
                  240.14d-2(b))
o
Pre-commencement
                  communications pursuant to Rule 13e-4(c) under the Exchange Act
                  (17 CFR
                  240.13e-4(c))
Item
                1.01:  Entry Into a Material Agreement
On
                March 31, 2006, the Company issued a press release announcing that
                it
entered
                into definitive agreements with institutional investors to sell 3.0
                million shares of common stock in a private placement for $10.50
                per
                share, or a total of $31.5 million
.
                The transaction closed on April 4, 2006. Fees paid to the placement
                agents
                are expected to be approximately $1.6 million. A.G. Edwards Inc.
                and
                Harris Nesbitt Corp. served as co-placement agents in the private
                offering.
Net
                proceeds of approximately $29.9 million will be used to increase
                drilling
                and development of the Glen Rose Porosity and San Miguel tar sand
                plays on
                the Company's Maverick Basin acreage, drilling in its Marfa Basin
                acreage,
                and fund it recent acquisition of a drilling rig.
Pursuant
                to the terms and conditions of a Registration Rights Agreement between
                the
                Company and the investors, the Company has agreed to file a registration
                statement with the Securities and Exchange Commission covering the
                resale
                of the shares within 30 days after closing of the transaction and
                use its
                best efforts to obtain effectiveness of such registration statement
                within
                150 days from closing. In case the Company does not meet these filing
                deadlines, the Company is required to pay a penalty of 1% of the
                aggregate
                investment made by the investors, monthly up to a total of 10%. A
                copy of
                this Registration Rights Agreement is attached herewith as Exhibit
                10.2.
Item
                3.02:  Unregistered Sales of Equity Securities
On
                March 30, 2006, the Company entered into definitive agreements to
                sell 3
                million shares of its common stock, as described in Item 1.01 above.
Item
                9.01:  Financial Statements and Exhibits
Exhibit
Number
Description
10.1
Purchase
                Agreement between The Exploration Company of Delaware, Inc. and several
                investors
10.2
Registration
                Rights Agreement between
The
                Exploration Company of Delaware, Inc. and several
                investors
99.1
Press
                release dated March 31, 2006, and titled "The Exploration Company
                Announces Private Placement of Common Stock"
The
                warranties and representations set forth in the exhibits referenced
                above
                were made solely for the purposes of the transaction described therein
                and
                are not intended for any other
                purpose.
SIGNATURE
Pursuant
                to the requirements of the Securities Exchange Act of 1934, the registrant
                has duly caused this registration statement to be signed on its behalf
                by
                the undersigned, thereunto duly authorized.
Dated:
                April 5, 2006
THE
                EXPLORATION COMPANY OF DELAWARE, INC.
/s/
                P. Mark Stark
P.
                Mark Stark
Chief
                Financial Officer
(Principal
                Accounting and Financial Officer)