Delphi offers the following characteristics:

Strong historical production growth

• 2012 a year of transition to Montney resource
• Solid and predictable production growth with a 86% growth in oil/NGL from 2009 to 2011
• Oil/NGL production growth is outpacing natural gas, growing 57% in 2011
• Concentrated producing asset and growth areas with 93% of Delphi’s production in 4 producing regions
• 36% increase in total production

Accelerated reserve growth

• Doubled reserves since 2007
• 20% growth in reserves per share
• 54% growth in PDP reserves
• Low FDC booking
• Drilling success of 100 % on 30 wells (23.3) in 2011; since inception, success of 92% on 249 wells

Key operational successes defining sustainable future growth

• Drilling continues to provide low-risk/low-cost economic growth
• Drilling success continues to expand a large 500+ well drilling inventory
• Successful 2011 drilling program further validates growth potential
• Significant initial Montney success
• Industry de-risking Duvernay

Focused asset base

• Concentrated land base of over 400 sections
• Synergistic deep basin play-types
• Significant horizontal drilling to improve recoveries
• Multiple stacked targets
• Regulatory approval for 4 wells per section per zero

Delphi's Assets

Bigstone: The Big Story

• Average working interest of 81% in 51,700
• Third largest producing asset by volume
• Contributed 2,032 boe/d in 2011 – 29% crude oil and NGLs

Wapiti: Liquids Rich Growth

• Average working interest of 59% in 67,000 acres
• Second largest producing asset by volume
• Contributed 2,633 boe/d in 2011 – 36% NGLs

Hythe: Multi-zone/Multi-year Inventory

• Average working interest of 68% in 174,000 acres
• Largest producing asset by volume
• Contributed 3,178 boe/d in 2011 – 31% crude oil and NGLs

People: Experienced and Efficient

• Experienced management team and board of directors
• Competitive advantage with seasoned technical / operational expertise
• Continuing to expand the technical teams ahead of the growth curve
• All our shareholders are committed to efficient per share growth