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Delphi Energy Commences Production at East Montney Project

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Delphi Energy Corp. is pleased to provide the following operations update.

At Bigstone East, liquids-rich Montney production began flowing on May 13, 2012 through Delphi’s recently completed 30 million cubic feet per day (“mmcf/d”) compression and dehydration facility after receiving final EUB permitting. Commissioning and start-up of the $16 million facility and field gathering infrastructure progressed as planned over the first week of operation, with production volumes from the Company’s two wells reaching a combined gross target rate of 12 mmcf/d and 660 barrels per day of wellhead condensate on May 20, 2012.

Production from the Company’s first Montney horizontal well at Bigstone East (100 percent working interest) with a surface location of 1-19-60-22 W5M has been progressively…

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