2300 – 333 – 7th Avenue S.W.
Calgary, Alberta
T2P 2Z1
Telephone: (403) 265-6171 Facsimile: (403) 265-6207
Email: Website:

President & CEO

Forward-Looking Statements. This information unlock comprises forward-looking statements and forward-looking knowledge throughout the that means of appropriate Canadian securities rules. These statements relate to long term occasions or the Company’s long term efficiency and are based totally upon the Company’s interior assumptions and expectancies. All statements instead of statements of provide or ancient truth are forward-looking statements. Forward-looking statements are regularly, however no longer at all times, recognized by way of the use of any of the phrases “expect”, “anticipate”, “continue”, “estimate”, “may”, “will”, “should”, “believe”, “intends”, “forecast”, “plans”, “guidance”, “budget” and identical expressions.

More specifically and with out limitation, this unlock comprises forward-looking statements and knowledge on the subject of implementation of the Plan and the timing thereof. The forward-looking statements and knowledge contained on this unlock are in keeping with sure key expectancies and assumptions made by way of Delphi. The following are sure subject matter assumptions on which the forward-looking statements and knowledge contained on this unlock are based totally: pride of all stipulations to implementation of the Plan; the facility of the Company to perform within the abnormal route all over the CCAA court cases, together with with admire to pleasant responsibilities to provider suppliers, providers, contractors and workers; the facility of the Company to proceed as a going fear; the Company’s long term liquidity place, and get admission to to capital, to fund ongoing operations and responsibilities; the facility of the Company to stabilize its trade and monetary situation; the facility of the Company to enforce and effectively succeed in its trade priorities; the facility of the Company to conform to its contractual responsibilities, together with, with out limitation, its responsibilities below debt preparations; the overall regulatory surroundings by which the Company operates; the tax remedy of the Company and the materiality of any criminal and regulatory court cases; the stableness of the worldwide and nationwide financial surroundings, the stableness of and business acceptability of tax, royalty and regulatory regimes appropriate to Delphi, exploitation and building actions being in line with control’s expectancies, manufacturing ranges of Delphi being in line with control’s expectancies, the absence of important undertaking delays, the stableness of oil and fuel costs, the absence of important fluctuations in foreign currency charges and rates of interest, the stableness of prices of oil and fuel building and manufacturing in Western Canada, together with running prices, the timing and measurement of building plans and capital expenditures, availability of 3rd birthday celebration infrastructure for transportation, processing or advertising and marketing of oil and herbal fuel volumes, costs and availability of oilfield products and services and apparatus being in line with control’s expectancies, the supply of, and pageant for, amongst different issues, pipeline capability, professional body of workers and drilling and comparable products and services and apparatus, effects of building and exploitation actions which might be in line with control’s expectancies, climate affecting Delphi’s skill to broaden and produce as anticipated, shriveled events offering items and products and services at the agreed timeframes, Delphi’s skill to regulate environmental dangers and hazards and the price of complying with environmental rules, the accuracy of running value estimates, the correct estimation of oil and fuel reserves, long term exploitation, building and manufacturing effects and Delphi’s skill to marketplace oil and herbal fuel effectively to present and new shoppers. Additionally, estimates as to anticipated reasonable annual manufacturing charges suppose that no surprising outages happen within the infrastructure that the Company is dependent upon to supply its wells, that current wells proceed to fulfill manufacturing expectancies and any long term wells scheduled to come back on within the coming yr meet timing and manufacturing expectancies.

Although the Company believes that the expectancies mirrored in such forward-looking statements and knowledge are affordable, it can provide no assurance that such expectancies will turn out to be proper and such forward-looking statements must no longer be unduly relied upon. Since forward-looking statements and knowledge cope with long term occasions and stipulations, by way of their very nature they contain inherent recognized and unknown dangers and uncertainties. Delphi’s exact effects, efficiency or achievements may range materially from the ones expressed in, or implied by way of, those forward-looking statements and, accordingly, no assurance may also be for the reason that any of the occasions expected by way of the forward-looking statements will transpire or happen, or if any of them achieve this, what advantages Delphi will derive therefrom. Should a number of of those dangers or uncertainties materialize, or must assumptions underlying forward-looking statements turn out unsuitable, exact effects might range materially from the ones these days expected because of a host of elements and dangers. These come with, however aren’t restricted to, the dangers related to the oil and fuel trade generally akin to operational dangers in building, exploration and manufacturing, delays or adjustments in plans with admire to exploration or building tasks or capital expenditures, the uncertainty of estimates and projections on the subject of manufacturing charges, prices and bills, commodity value and trade fee fluctuations, advertising and marketing and transportation, environmental dangers, pageant from others for scarce sources, the facility to get admission to enough capital from interior and exterior assets, adjustments in governmental legislation of the oil and fuel trade and adjustments in tax, royalty and environmental law. Additional knowledge on those and different elements that might have an effect on the Company’s operations or monetary effects are incorporated within the Company’s most up-to-date Annual Information Form and different reviews on document with the appropriate securities regulatory government and could also be accessed in the course of the SEDAR web site (

Readers are cautioned that the foregoing listing of elements isn’t exhaustive. Furthermore, the forward-looking statements contained on this unlock are made as of the date of this unlock for the aim of offering the readers with the Company’s expectancies for the approaching yr. The forward-looking statements and knowledge might not be suitable for different functions. Delphi undertakes no legal responsibility to replace publicly or revise any forward-looking statements or knowledge, whether or not consequently of new knowledge, long term occasions or another way, except so required by way of appropriate securities rules. The forward-looking statements contained on this unlock are expressly certified of their entirety by way of this cautionary observation.