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Delphi Energy Updates 2017 Drilling Program
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Delphi has updated its drilling program after a recent joint drilling announcement:
14 gross (9.1 net) wells to be drilled between December 2016 the end of 2017, compared to four gross (3.2 net) wells drilled over the first nine months of 2016. Bring on production 16 gross (10.4 net) wells by the end of 2017. Planning to drill up to 8 gross wells this winter (Q4 2016), with ~ 5 - 6 of these wells funded under the joint drilling program with Delphi's partner. Delphi's interest in the remaining wells will be largely funded within cash flow.Completion operations at 16-9-60-23W5M (16-9) are continuing and the Company's 14-21-60-23W5M (14-21) well is finished drilling with completion operations expected to commence in the next seven to ten days.
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