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Delphi offers the following characteristics:
• Positioned for long-term organic growth with 5+ years of drilling inventory on a high quality natural gas/light oil focused asset base
• Financial flexibility to execute our planned 2010 capital program, again protected from commodity price downside risk through an active hedging program
• Executing a sustainable internally funded "Growth Model" based on per share
value creation
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 2009 record production of 6,809 boe/d
- ninth consecutive quarter of production growth
• Production of 6,345 boe/d for 2008
- “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
(Updated January 2010) |