Reserves
Delphi Details Bigstone Montney Reserve Report
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Delphi Energy Corp. reported its crude oil and natural gas reserves information for the year ended December 31, 2015.
While remaining focused on its large-scale Montney project at Bigstone, the Company successfully streamlined its business in 2015 through two major asset dispositions. The dispositions represented approximately 26 percent of the Company's total proved plus probable reserves at December 31, 2014, and 2,600 barrels of oil equivalent per day or 26 percent of the Company's production capability in 2015 and resulted in a 30 percent reduction in debt to $121.7 million at December 31, 2015.
At December 31, 2015, the Montney reserves at Bigstone represent approximately 95 percent of the Company's total proved and total proved plus probable reserves and approximately 90 percent of…
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