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Delphi Ramps Up Montney Reserve Potential; Details Wells

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Delphi Ramps Up Montney Reserve Potential; Details Wells

Delphi Energy Corp. has detailed its crude oil and natural gas reserves information for the year ended December 31, 2012.

2012 was a year of significant achievements for Delphi with the initial development of its Montney play at Bigstone. The Company brought three horizontal Montney wells on production through 100 percent owned and constructed facilities and associated gas gathering systems during the year. Success on this play has translated into significant reserve additions.

Highlights: Replaced 2012 production of 8,276 barrels of oil equivalent per day (boe/d) (3.0 million boe) by 2.0 times with total proved plus probable reserve additions of 11.9 million boe and dispositions and revisions of 5.9 million boe; Increased total proved plus probable reserves by seven percent to 43.0…
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