Delphi Energy Corp.

Delphi Energy Corp. announces that it intends to continue to carry out its strategic alternatives process, which may involve the sale of all or a portion of the business and assets or shares of the Company, or a refinancing, recapitalization or other restructuring transaction . However, it will now do so through a court-supervised restructuring proceeding. Delphi was facing a breach of its Total Debt to EBITDA ratio under [...]

Delphi Energy Corp. is pleased to provide an operations update on its first three wells of the 2020 capital program. Completion operations on the Company’s first three Montney wells in the 2020 drilling program have concluded, with all of the wells expected to be placed on production by months end. These 3 wells are drilled in liquid-rich West Bigstone, in close proximity to existing pipelines, minimizing the tie-in [...]

Delphi Energy Corp. is pleased to announce its financial and operational results and reserves for the year ended December 31, 2019. 2019 HIGHLIGHTS During 2019, the Company incurred $26.8 million in capital expenditures while generating $52.6 million of adjusted funds flow; Reduced bank debt plus adjusted working capital deficit by $41.1 million, or 44 percent, from the first quarter of 2019. Net bank debt as at December [...]

https://youtu.be/uq3bBO0YwlM The View from the C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange.  Videos provide insight into how company executives think in the current business environment.  To see the latest View from the C-Suite videos visit www.tmxmoney.com/en/news/csuite.html)  About Delphi Energy Corp. Delphi Energy Corp. is an [...]

SHANNON, This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an Early Warning Report regarding the acquisition of consent warrants of Delphi Energy Corp. upon the implementation of a plan of arrangement involving the Corporation . The Corporation is an Alberta corporation with its [...]

 This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an Early Warning Report regarding the acquisition of common shares of Delphi Energy Corp. upon the exchange of equity subscription receipts .  The Corporation is an Alberta corporation with its securities trading on the Toronto Stock [...]

Delphi Energy Corp. is pleased to announce the completion of its previously announced recapitalization transaction . The Recapitalization Transaction was implemented pursuant to a plan of arrangement under the Canada Business Corporations Act . The Recapitalization Transaction included the following components: The existing issued and outstanding common shares of the Company were consolidated on a fifteen for one basis [...]

Delphi Energy Corp. is pleased to announce that at the meetings of holders of the Company’s 10.00% Senior Secured Notes due 2021 and holders of the Company’s common shares held today, the Noteholders and Shareholders approved the Company’s previously announced recapitalization transaction to be implemented pursuant to a plan of arrangement under the Canada Business Corporations Act . Additionally, at the [...]

Delphi Energy Corp. is pleased to announce its financial and operational results for the quarter ended September 30, 2019. THIRD QUARTER 2019 HIGHLIGHTS Average production in the quarter of 8,386 barrels of oil equivalent per day was down twelve percent from the 9,514 boe/d in the comparative quarter of 2018. During the third quarter of 2019, the liquids yield averaged 117 barrels per million cubic feet , up 18 percent [...]

Delphi Energy Corp. announces that the semi-annual borrowing base redetermination of its senior credit facility has been finalized. Effective on the earlier of the closing date for the Recapitalization Transaction and November 29, 2019, and conditional upon completion of the Recapitalization Transaction, the borrowing base of the senior credit facility led by Alberta Treasury Branches has been renewed at $80.0 million [...]