Delphi Energy Reports Continued Success in the Nikanassin

- March 9th, 2011

Delphi Energy Corp. (TSE:DEE) updates on the drilling operations on the last well in an active 17 well winter drilling program.

Delphi Energy Corp. (TSX:DEE) updates on the drilling operations on the last well in an active 17 well winter drilling program.

The press release is quoted as saying:

Delphi has completed drilling operations on the last well in an active 17 well winter drilling program. In total, the Company has drilled eight horizontal light oil wells (3.7 net) and nine vertical liquids-rich natural gas wells (8.1 net) within its core areas of Wapiti/Gold Creek, Bigstone and Hythe. The production additions from the program are weighted approximately 55 percent to light oil and natural gas liquids (NGL’s) and 45 percent to natural gas, yielding capital efficient production growth and strong field operating and cash netbacks. An average recycle ratio of approximately 2.5 times is anticipated from the winter program based on historical finding and development costs within these core areas.

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