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Delphi Energy Corp. DPGYF

Delphi Energy Corp is a mining company. It is engaged in the acquisition for an exploration, development, and production of crude oil, natural gas and natural gas liquids in Western Canada. The company's core area is uniquely positioned in the Deep Basin of Bigstone in northwest Alberta.


GREY:DPGYF - Post by User

Bullboard Posts
Comment by ElJon Oct 22, 2009 12:30am
380 Views
Post# 16411069

RE: Fairmount Energy. Does any one the

RE: Fairmount Energy. Does any one theMestQalander,
I qualify my response to your question with summarizing the following context:

- On August 31, 2009 Delphi closed its transaction to acquire properties in the Gold Creek/Wapiti area located between Delphi's Hythe and Bigstone core properties, with an effective date of June 1, 2009 - net acquisition represented production of approx. 308 boe/d NG and 92/d bbls Oil & NGL, after disposition of their acquired working interest in some 3rd party shared properties.

-  There is another current asset exchange agreement by Delphi to acquire NG and light Oil assets and related infrastructure in the core property area at Hythe which is expected to close on or about November 3, 2009 with an effective date of July 1, 2009 and Delphi have agreed to divest non-core properties in North West Alberta as part payment in this agreement.

- The Fairmont acquisition is considered by Delphi as a strategic acquisition to the Gold Creek acquisition with approx. 330 boe/d current Fairmont production and the opportunity to efficiently increase this to 400 boe/d due to Delphi working interest in infrastructure required to transport and process Fairmont's production.

Clearly  "current production after these acquisitions have been concluded"   is but one of very many parameters that will be useful in appraising Delphi operations and business effectiveness....... others will include  reserves; cash flow per share; cash flow netback per boe; debt; F&D/acq costs; undeveloped lands; tax pools, etc., ......

In outlining a simple direct response to your query I can quote from Delphi recent presentation(CEEPIC Oct. 7, 2009)..
     Production: 2009 Agerage Estimate  6700  -  7000 boe/d
                         Actual 2009 1st Half Average  6786boe/d

Hope some of this helps,
Peace,
Good Decision-making to All,
ElJ
Bullboard Posts