CALGARY, Alberta, April 24, 2018 -- Delphi Energy Corp. is pleased to provide an operations update after completing its planned winter capital program. Delphi 2018 Drilling and Completions OPERATIONS UPDATE Delphi has completed its 2018 winter capital program including the Company’s Bigstone Montney amine processing facility, the drilling of four new Montney wells, and the completion of seven new wells. The extended [...]
CALGARY, Alberta, April 17, 2018 -- Delphi Energy Corp. today announced the adoption by its Board of Directors of By-law No. 3 of the Company , a by-law establishing a framework for advance notice of nominations of directors by shareholders of the Company . The Advance Notice By-law is similar to the advance notice by-laws adopted by many other Canadian public companies. Specifically, it provides for advance notice of [...]
CALGARY, Alberta, March 07, 2018 -- Delphi Energy Corp. is pleased to announce its financial and operational results, crude oil and natural gas reserves information for the year ended December 31, 2017 and an operations update. 2017 HIGHLIGHTS Produced 8,401 barrels of oil equivalent per day , a 14 percent increase from 7,392 boe/d in 2016. Average production in the fourth quarter of 2017 increased 35 percent to 9,588 [...]
CALGARY, Alberta, Jan. 16, 2018 -- Delphi Energy Corp. is pleased to provide an operations update. Delphi Energy IP30 Product Splits Q4 2017 production up 29% from a year earlier Q4 2017 condensate production up 67% from a year earlier 2017 capital program executed within budget Q4 realized natural gas price estimated to be Cdn$3.53 per mcf compared to AECO pricing of Cdn$1.69 per mcf Positive recent well results on frac [...]
CALGARY, Alberta, Nov. 30, 2017 -- Delphi Energy Corp. is pleased to announce that the borrowing base of its senior secured credit facility has increased from $80 million to $95 million. In conjunction with the increase, Bank of Montreal has joined the syndicate of lenders led by Alberta Treasury Branches and including The Bank of Nova Scotia. Delphi is currently drawn $25 million on the credit facility. About Delphi [...]
CALGARY, Alberta, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended September 30, 2017. Delphi Drilling Activity Nov 2017 A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a18f72e7-0a6f-446d-b086-224cc2bd70ea [...]
CALGARY, Alberta, Oct. 25, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) provides an operations update on recent positive well results, increasing condensate yields, and ongoing cost reduction initiatives. Drilling and Completion Operations Successfully Delineating Delphi’s 167.5 section Bigstone Area Completion operations on the Company’s ninth, tenth and [...]
CALGARY, Alberta, Aug. 02, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended June 30, 2017 and to provide an update on plans for the remainder of 2017. Based on strong results from drilling and completions in the first half of 2017, Delphi will continue to execute an accelerated capital program [...]
Presenters Added: EnerCom's Oilfield Tech & Innovation Day - Aug. 17, 2017 DENVER, CO--(Marketwired - Aug 2, 2017) - EnerCom, Inc. today announced the speakers and agenda for The Oil & Gas Conference® 22 on August 13-17, 2017, in Denver, at the Westin Denver Downtown. The four-day conference will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as [...]
**Not for distribution to United States News Services or Dissemination in the United States** CALGARY, Alberta, June 07, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has closed its previously announced financing comprised of the sale of (i) 27,559,055 common shares issued at a price of $1.27 per common share; and (ii) 30,000 senior secured [...]
**Not for distribution to United States News Services or Dissemination in the United States** CALGARY, Alberta, June 01, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has extended the term of its $80 million senior secured revolving credit facility with a syndicate of banks, led by Alberta Treasury Branches and including the Bank of Nova [...]
CALGARY, Alberta, May 24, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has entered into agreements with investors for a $65 million financing transaction (the “Financing Transaction”), comprised of a $35 million equity offering (the "Equity Offering") and a $30 million principal amount of 10% senior secured Collateralized [...]