SPAIN:02/23/12 2:06:03 AM    ALBERTA: 02/22/12 6:06:03 PM    ONTARIO: 02/22/12 8:06:03 PM
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ONTARIO Oil & Natural Gas Assets

DELP’s Ontario oil and natural gas assets produced 2,585 boe/d in March 2010, providing a stable foundation of high-netback production, plus approximately $25 million of cash flow per annum. The assets also hold a significant number of development drilling locations and opportunities for well re-completions as well as immediate scope for production optimization.

690

bbls per day
(March 2010)
LIGHT-SWEET OIL

ONSHORE

DELP’ Lake Erie properties hold oil reserves of approximately 2.0 million bbls plus lower-risk infill drilling opportunities.

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10.5

mmscf per day (March 2010) NATURAL GAS

OFFSHORE

DELP’s Lake Erie assets bring approximately 66 bcf of developed gas reserves with long-life production profiles.

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710

PRODUCING OIL & NATURAL GAS WELLS

FACILITIES

The acquired Lake Erie assets included extensive hydrocarbon production, processing and storage infrastructure.

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