Delphi Energy Reports Continued Production Growth on Strong Cash Flow

- November 9th, 2011

Delphi Energy Corp. (TSE:DEE) reported its results for the third quarter ended September 30, 2011.

Delphi Energy Corp. (TSE:DEE) reported its results for the third quarter ended September 30, 2011.

2011 to all PetroBakken shareholders of record on October 31, 2011. .

As quoted in the press release:

Third Quarter 2011 Highlights

– achieved record production in the third quarter with average daily volumes of 8,967 barrels of oil equivalent per day (boe/d), an increase of 11 percent compared to the third quarter of 2010;

– increased oil and natural gas liquids production by 60 percent to 2,469 bbls/d compared to 1,541 bbls/d in the third quarter of 2010, changing the production mix to approximately 28 percent crude oil and natural gas liquids in the third quarter of 2011;

– generated funds from operations (cash flow) of $17.2 million, an increase of 15 percent from the comparative quarter of 2010;

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

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