Delphi Energy Corp.
TSX : DEE

Delphi Energy Corp.

July 18, 2007 12:00 ET

Delphi Energy Announces Appointments

CALGARY, ALBERTA--(Marketwire - July 18, 2007) - Delphi Energy Corp. (TSX:DEE) is pleased to announce the recent additions of Richard Webb as Staff Geologist and Janet Davies as Senior Exploitation Engineer. The appointments reflect Delphi's expanding operations and development activities. As an integral part of its growth strategy, the Company continues to successfully add to its contingent of highly skilled and motivated staff. Delphi's growth oriented technical team now includes five geologists, one geophysicist, and six engineers and technologists averaging 20 years of experience.

Richard Webb has a Masters of Science degree from the University of Waterloo and over 22 years of exploration and development experience in the western Canadian basin. Mr. Webb was most recently involved in exploration efforts involving the same Cretaceous aged reservoirs currently being pursued by Delphi on its core properties.

Janet Davies, P.Eng., has a Bachelor of Chemistry (Honours) from the University of Guelph and a Bachelor of Applied Science in Chemical Engineering from the University of Toronto. Ms. Davies has over 24 years of experience in development/exploitation engineering and has worked extensively in the Deep Basin, Peace River Arch and northeast British Columbia areas where Delphi's core operating areas are established.

The Company's summer drilling program is underway with two rigs currently drilling and another three preparing to move over the next three weeks with all of the drilling focused within the Company's core areas of northwest Alberta and northeast British Columbia. Production has rebounded from a challenging 2006, increasing 30 percent from the beginning of this year to current levels of approximately 5,500 boe/d.

Delphi Energy is a Calgary-based company that explores, develops and produces oil and natural gas in Western Canada. The Company is managed by a proven technical team. Delphi trades on the Toronto Stock Exchange under the symbol DEE.

Contact Information

  • Delphi Energy Corp.
    David J. Reid
    President & CEO
    (403) 265-6171
    (403) 265-6207 (FAX)
    or
    Delphi Energy Corp.
    Brian Kohlhammer
    V.P. Finance & CFO
    (403) 265-6171
    (403) 265-6207 (FAX)
    or
    Delphi Energy Corp.
    1500, 444 - 5 Avenue S.W.
    Calgary, Alberta T2P 2T8
    Email: info@delphienergy.ca
    Website: www.delphienergy.ca