8-K

                                    FORM 8-K
                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                  April 8, 2004
                Date of Report (Date of earliest event reported)



                           WILSHIRE ENTERPRISES, INC.
             (Exact name of Registrant as specified in its charter)


          Delaware                        1-467              84-0513668
(State or other jurisdiction of      (Commission File       (IRS Employer
incorporation or organization)            Number)           Identification No.)


921 Bergen Avenue, Jersey City, New Jersey                  07306
(Address of principal executive offices)                    (Zip Code)


(Registrant's telephone number, including area code)        (201) 420-2796

                                 Not Applicable
         (Former name or former address, if changed since last report.)








ITEM 7.         Financial Statements and Exhibits

                a. Not applicable.

                b. Not applicable

                c. Exhibits

                The following exhibit is filed with this report:

- --------------------------------------------------------------------------------
Exhibit Number                            Description
- --------------------------------------------------------------------------------
99.1                                      Press release dated April 8, 2004
- --------------------------------------------------------------------------------

ITEM 9.         Regulation FD Disclosure

         The Company today issued a press release attached as Exhibit 99.1 to
announce that it has sold its Canadian oil and gas business. This report is
being furnished pursuant to Item 9.



                                      -2-






                                    SIGNATURE

         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, thereunto duly authorized.


Dated:  April 8, 2004                  WILSHIRE ENTERPRISES, INC.
                                       (Registrant)



                                       By:/s/ Philip G. Kupperman
                                          --------------------------
                                          Philip Kupperman
                                          President




                                      -3-

EX-99.1

                                                                    Exhibit 99.1


WILSHIRE ENTERPRISES, INC.                            FOR IMMEDIATE RELEASE
ANNOUNCES THE SALE OF ITS                             AMEX: WOC
CANADIAN OIL AND GAS BUSINESS


JERSEY CITY, N.J., April 8, 2004, Wilshire Enterprises, Inc. ("Wilshire" or the
"Company") (AMEX: WOC) announced today that it sold its Canadian oil and gas
business to Addison Energy Inc., a wholly owned subsidiary of Exco Resources,
Inc., for $15 million in gross proceeds. The transaction closed simultaneous
with the execution of the definitive agreement.

Chairman and Chief Executive Officer Sherry Wilzig Izak stated: "We are very
pleased to announce the sale of our Canadian oil and gas business. This sale,
combined with the pending sale of the U.S. oil and gas business announced on
March 17, 2004, is another key development in our continuing effort to maximize
shareholder value. As a result of a comprehensive effort that included
contacting numerous buyers and receiving several bids for parts and all of the
Company, we believe that selling the two oil and gas businesses at this time is
a significant result for the Company's stockholders.

Ms. Izak added: "As I stated in our March 17, 2004 press release: `The Company
remains committed to maximizing shareholder value and will continue to explore
all possible alternatives to accomplish this goal. We believe that our real
estate portfolio, based on current financial performance, offers considerable
valuation upside. We remain receptive to negotiating acceptable bids to acquire
our entire company, while at the same time are prepared to pursue the expansion
of our real estate portfolio, by merger or otherwise. In the interim, our goal
will be to increase the value of our real estate business, through improvements
of our existing properties as well as the potential acquisition of new income
generating assets and the potential opportunistic divestiture of select real
estate assets. Again, we cannot assure our stockholders of any actions or of the
timing of potential actions.'"

The Chairman concluded: "Once again, I am very pleased with the extensive effort
put forth by the Company's management team, Board of Directors and outside
advisors to initiate and complete the strategic review, to conduct a
comprehensive process, to negotiate potential purchase agreements, and,
foremost, to evaluate numerous strategic alternatives on behalf of all
stockholders. At this time we are very pleased to announce this second major
milestone in selling the Canadian oil and gas business."



ABOUT WILSHIRE ENTERPRISES:
Wilshire is an American Stock Exchange listed corporation engaged in the
acquisition, ownership and management of real estate properties in Arizona,
Florida, Georgia, New Jersey and Texas and, in its discontinued operations, the
exploration and development of oil and gas in the United States and Canada.

FORWARD-LOOKING STATEMENT:

The non-historical statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Although the Company believes that the underlying assumptions and
expectations reflected in such forward-looking statements are reasonable, it can
give no assurance that such expectations will prove to be correct. The Company's
business and prospects are subject to a number of risks which could cause actual
results to differ materially from those reflected in such forward-looking
statements, including uncertainties inherent in any attempt to sell one or more
portions of the Company at an acceptable price, volatility of oil and gas prices
and the United States to Canada foreign exchange rate, the need to develop and
replace reserves, risks involved in exploration and drilling, uncertainties
about estimates of reserves, environmental risks relating to the Company's oil
and gas and real estate properties, competition, the substantial capital
expenditures required to fund the Company's oil and gas and real estate
operations, market and economic changes in areas where the Company holds real
estate properties, currency risks, interest rate fluctuations, government
regulation, and the ability of the Company to implement its business strategy. A
discussion of these and other risks and uncertainties are disclosed in the
Company's 2003 Form 10-K filed with the Securities and Exchange Commission.


Wilshire is being advised by Deloitte & Touche Corporate Finance, LLC and White
Stone Energy, LLC.

For stockholder inquiries: please contact Philip G. Kupperman, President,
Wilshire Enterprises, Inc. at (201) 420-2796

For transaction inquiries: please contact Daniel C. Pryor of Deloitte & Touche
Corporate Finance LLC at (212) 436-6545.


Wilshire Enterprises, Inc. 921 Bergen Avenue, Jersey City, New Jersey 07306 Tel:
(201) 420-2796