Delphi Energy Corp

Delphi Energy Corp’s long-term growth strategy continues to achieve top decile and sustainable economic returns through the development of our high quality liquids-rich Montney property, uniquely positioned in the Deep Basin of Bigstone in northwest Alberta.   The Company continues to succeed at improving operational efficiencies while growing our industry leading position in this world-class play.  Delphi is headquartered in Calgary, Alberta and trades on the Toronto Stock Exchange under the symbol DEE

Delphi Energy Corp. is an independent, publicly traded exploration and production Company focused on the development and value optimization of our high quality, tight-rock natural gas Montney play.  Delphi’s core area is uniquely positioned in the Deep Basin of Bigstone in northwest Alberta.

Delphi Energy Corp. is a pure play Montney E&P Company with world-class assets and an exceptional track record of success.  With a substantial drilling inventory on the largest landbase at Bigstone, the Company is positioned for exceptional growth for years to come.

Delphi Highlights

World Class Montney Growth Asset

• Substantial drilling inventory on the largest landbase at Bigstone
• Bigstone Montney economics remain attractive in the current commodity price environment
• Free cash generated at payout remains significant

100% Operational Control

• Targeting growth to 22,000 boe/d in 2019 utilizing existing major infrastructure
• 100% owned and operated field facilities and pipelines to support profitable growth
• Operate 100% of Montney development with an average working interest of 84%

Market Access & Exceptional Risk Management

• Significant hedged position in place through 2019; added $95 million in cash as a result of an exceptional hedging program over the past ten years
• Secured firm service with Alliance to access Chicago gas market for better pricing and fewer curtailments

Responsibly Managed Profitable Growth

• Replacing PDP reserves with higher netback boe’s than depleting – turning $1 spent into $2 returns
• Achieving targets within cash flow to accelerate on-going growth with increased liquidity
• Moderating short-term pace of spend while preserving long-term growth inventory

Executional Excellence

• Frac innovations and increased condensate yields leading to better margins
• Top tier well results and capital efficiencies
• Delivering top quartile PDP F&D costs and recycle ratios; with industry leading drilling and completion costs