"During the year ending December 31, 2008 the Company drilled 23 (16.6 net) wells with an overall success rate of 99 percent based on net wells. During the fourth quarter, Delphi drilled three (2.5 net) gas wells resulting in a 100 percent success rate.

- Achieved record production of 6,708 barrels of oil equivalent per day (boe/d) in the fourth quarter, marking the seventh consecutive quarter of production growth. Production for full year 2008 is 6,345 boe/d, representing a 19 percent increase over 2007 volumes.

- Increased total proved reserves by 33 percent to 15.1 million barrels of oil equivalent and total proved plus probable reserves by 28 percent to 22.0 million barrels of oil equivalent. Total proved plus probable reserves per basic share outstanding increased by 10 percent.

- Estimated net asset value per share increased by 22 percent to $3.16 based on before tax net present value of total proved plus probable reserves discounted at ten percent.

- Accumulated a contiguous land block of 8,000 gross acres (5,250 net acres) targeting a Doig / Montney play in northeast British Columbia.

- Delphi has 50 percent of its current 2009 production hedged at a floor price of $7.42 per mcf, which is 35 percent higher than the current forward AECO strip."