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)
May 15, 2003
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)

Item 9:  Regulation FD Disclosure
Attached, as Exhibit 99.1, is a press release issued by the Registrant on May 15, 2003 regarding its financial results for the quarter ended March 31, 2003. This information is being furnished pursuant to Item 12 - Results of Operations and Financial Condition, of Form 8-K and is presented under Item 9 of Form 8-K in accordance with interim guidance issued by the Securities and Exchange Commission in Release Nos. 33-8216 and 34-47583. This information shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended.
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: May 16, 2003
THE EXPLORATION COMPANY OF DELAWARE, INC.
	/s/ Roberto R. Thomae
	Roberto R. Thomae
	Chief Financial Officer
	Secretary/Treasurer
	(Principal Accounting Officer)

EXHIBIT INDEX
Exhibit
Number                                         Description
	99	Press Release dated May 15, 2003 with respect to the Registrant's financial results for the quarter ended March 31, 2003