Delphi offers the following characteristics:

Key operational successes defining future growth
• Application of multi-stage frac-ing in HZ wells
• Building a large scale repeatable inventory in multiple play types
• HZ drilling represented 50% of winter program

Strong financial and operational results
• Continued strong cash netbacks with return to earnings in Q2 2010
• Continuing to drive costs down and increasing oil/NGL mix

Counter-cyclical acquisitions within our focus area
• Successful on 3 major acquisitions with key infrastructure in 2009
• Significant 37% growth in undeveloped land

Continued financial flexibility
• Increased bank lines and recently completed $30 million equity issue
• $55 million of borrowing base and $30 million H2 2010 cash flow

Delphi's Growth Strategy

“Control | Core Strengths | Focus | Discipline”

• Disciplined field capital program internally generated and protected through
   active commodity hedging program

Control and Execution
•  Operatorship and ownership of infrastructure, production, capital and lands

Core technical strengths
•  Complementary conventional multi-zone deep basin asset base

Focused on growth through the drill bit complemented with strategic acquisitions within core areas
•  58% growth in production since Q1 2007 on top quartile efficiency metrics
•  Significant inventory of robust “conventional” and “resource play” opportunities     targeting large OGIP with existing and emerging technologies

Delphi's Assets

Properties
•  Q2 2010 record production of 8,035 boe/d      
•  Production of 6,808 boe/d for 2009
       - “A solid foundation with predictable performance”
•  Multi-zone conventional deep basin assets at medium depths:
      - “Fewer wells drilled – multiple completions per well”
      -  wells consistent with pre-drill expectations
•  Concentrated in two active core regions of NW Alberta and NE British Columbia
•  Horizontal drilling and frac technology offers significant upside

People
•  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 are shareholders committed to efficient per share growth