Delphi Energy provided the following report on its successful winter capital program and provide updated 2010 production guidance.

The focus of the winter capital program was directed towards the Company's three core areas of Bigstone, Hythe and Wapiti/Gold Creek, capitalizing on the light oil, liquids-rich natural gas and multi-zone nature of these assets.

HIGHLIGHTS •Drilled 19 gross (12.6 net) wells with a 98 percent net success rate; •The location of the wells were as follows: six wells (5.4 net) were drilled at Hythe, eight wells (4.5 net) drilled at Bigstone and five wells (2.7 net) drilled at Wapiti/Gold Creek; •Fifty percent of the 12.6 net wells drilled were horizontal wells with multi-stage fracing completion techniques; •Approximately 70 percent of the net wells drilled successfully targeted 40 to 50 degree API light oil or high natural gas liquids ("NGL") content natural gas ranging from 30 barrels per million cubic feet (bbls/mmcf) to 120 bbls/mmcf; and •The remaining 30 percent or four net wells, of which three were horizontals, targeted distinct and scalable natural gas play types with NGL content under 20 bbls/mmcf. The Company is pleased to report record production of approximately 7,600 barrels of oil equivalent per day (boe/d) for the first quarter of 2010 based on field estimates. In addition, the Company has 800 to 1,000 boe/d of new production capability to be tied-in to existing pipeline and processing infrastructure during the second and third quarters. With the success of the winter program, the Company is updating its 2010 average production guidance to a range of 7,700 to 8,200 boe/d, up from 7,500 to 8,000 boe/d, and forecasting an increased light oil and NGL liquids weighting to approximately 24 percent by year-end 2010 compared to 15 percent in 2009.

BIGSTONE Cardium Light Oil Horizontal Well Program The first Cardium horizontal oil well (0.55 net) drilled during the winter program has been placed on pump and continues to exceed the Company's expectations with the 60 day production rate for the well averaging 275 barrels per day (bbls/d) of oil and 580 thousand cubic feet per day (mcf/d) of natural gas for a total of 370 boe/d. The well was drilled and cased over a 1,000 meter horizontal section and successfully completed with an eight stage frac program.

The second Cardium horizontal oil well (1.0 net), four miles to the north east of the first well, now has a 30 day average production rate of 130 bbls/d of oil and 60 mcf/d for a total of 140 boe/d. The well was drilled and cased over a shorter 225 meter horizontal section and successfully completed with a five stage frac program.

The third Cardium horizontal oil well (0.49 net), two miles south east of the first well, was drilled and cased over a 1,000 meter horizontal section and successfully completed with a nine stage frac program. The well has recently been placed on production and has a seven day initial production rate of 250 bbls/d of oil and 150 mcf/d for a total of 275 boe/d. The Company expects to increase the current production rate to approximately 350 boe/d as a result of ongoing operations to optimize pumping conditions.

The Company is proceeding with the licensing of four follow-up horizontal locations for the second half of 2010 and additional locations are being considered for an expanded drilling program. The Company holds 30 gross sections (16.5 net) in the Bigstone area that is prospective for Cardium light oil development. The Company estimates four to six wells per section may be required to fully develop the Cardium on the Company's existing lands.

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