SPAIN:05/22/13 11:45:54 PM    ALBERTA: 05/22/13 3:45:54 PM    ONTARIO: 05/22/13 5:45:54 PM

ONTARIO Oil & Natural Gas Assets

DELP’s Ontario oil and natural gas assets produced 2,431 boe/d in March 2012, providing a stable foundation of high-netback production, plus approximately $17 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.

748

bbls per day (2012)
LIGHT-SWEET OIL

ONSHORE

DELP’ onshore properties hold oil reserves of approximately 1.8 million bbls plus lower-risk infill drilling opportunities.

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10.1

mmscf per day (2012) 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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740

OIL & NATURAL GAS WELLS

FACILITIES

The acquired Southern Ontario assets included extensive hydrocarbon production, processing and storage infrastructure.

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