Delphi Energy: 2011 Q4 Financial And Operational Results

- March 14th, 2012

Delphi Energy Corp. (TSX:DEE) reports 2011 fourth quarter financial and operational results.

Delphi Energy Corp. (TSX:DEE) reports 2011 fourth quarter financial and operational results.

As quoted in the press release:

2011 Highlights

  • achieved record average production in 2011 with volumes of 8,870 barrels of oil equivalent per day (boe/d), an increase of ten percent compared to 2010;
  • increased the liquids percentage of production to approximately 29 percent crude oil and natural gas liquids in 2011, up from 20 percent in 2010 and offsetting a two percent decline in natural gas production;
  • generated funds from operations of $66.9 million, an increase of 11 percent from the previous year;

Click here to read the Delphi Energy Corp. (TSX:DEE) press release.

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