Why Delphi?

Delphi Energy Corp. is a pure play Montney E&P Company with world-class assets and an exceptional track record of success.  With a substantial drilling inventory on the largest landbase at Bigstone, the Company is positioned for exceptional production and cash flow growth for years to come.

Delphi Highlights

World Class Montney Growth Asset

  • Substantial drilling inventory on the largest landbase at Bigstone
  • Bigstone Montney economics remain attractive in the current commodity price environment
  • Free cash generated at payout remains significant

Accelerating Growth

  • Transaction with a senior multi-national industry Partner that has accelerated growth of our Bigstone Montney asset
  • More than doubling drilling operations in 2017 with up to 13 gross wells drilled before year end 2017
  • Year end 2017 production guidance expected to increase to 11,000 to 12,000 boe/d

Market Access & Exceptional Risk Management

  • Significant hedged position in place through 2019; added $113 million in cash as a result of an exceptional hedging program over the past ten years
  • Secured firm service with Alliance to access Chicago gas market for better pricing and fewer curtailments

Responsibly Managed Profitable Growth

  • Replacing PDP reserves with higher netback boe’s than depleting – turning $1 spent into $2 returns
  • Industry Partner Transaction right-sizes our pace of capitalization while allowing us to accelerate drilling in 2017 and best capture the significant value of our Bigstone Montney inventory for shareholders
  • Achieving targets within cash flow to accelerate on-going growth with increased liquidity

Executional Excellence

  • Frac innovations and increased condensate yields leading to industry best margins
  • Top tier well results and capital efficiencies – recent wells drilled for record low costs
  • Delivering top quartile PDP F&D costs and recycle ratios; with industry leading drilling and completion costs