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Delphi Energy Corp (DEE.TO)

DEE.TO on Toronto Stock Exchange

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22 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Delphi Energy Reports Average Production In Q4 Up 35 Pct To 9,588 Boe/d
Wednesday, 7 Mar 2018 06:29pm EST 

March 7 (Reuters) - Delphi Energy Corp ::DELPHI ENERGY CORP. REPORTS 2017 YEAR END RESULTS AND RESERVES AND PROVIDES OPERATIONS UPDATE.DELPHI ENERGY CORP - AVERAGE PRODUCTION IN Q4 OF 2017 INCREASED 35 PERCENT TO 9,588 BOE/D COMPARED TO 7,127 BOE/D.DELPHI ENERGY CORP - QTRLY ‍ADJUSTED FUNDS FLOW PER SHARE $0.08​.DELPHI ENERGY CORP - QTRLY ‍NET LOSS PER SHARE $0.01​.DELPHI ENERGY CORP - SEES ‍2018 FIRST HALF AVERAGE PRODUCTION 9,800 - 10,200 BOE/D​.DELPHI ENERGY CORP - SEES FIRST HALF OF 2018 NET CAPITAL PROGRAM $38 MILLION - $45 MILLION.DELPHI ENERGY CORP - SEES 2018 FIRST HALF GUIDANCE ADJUSTED FUNDS FLOW $25.0 - $27.0.  Full Article

Delphi Energy Provides Operations Update
Tuesday, 16 Jan 2018 08:00am EST 

Jan 16 (Reuters) - Delphi Energy Corp ::DELPHI ENERGY PROVIDES OPERATIONS UPDATE.DELPHI ENERGY - PRODUCED ABOUT 9,200 BARRELS OF OIL EQUIVALENT PER DAY IN Q4, UP 29 PERCENT.DELPHI ENERGY - EXPECTS ADJUSTED FFO WILL MEET PRIOR 2017 GUIDANCE OF $35 MILLION TO $38 MILLION.DELPHI ENERGY - WITH EARLY START TO WINTER 2018 DRILLING PROGRAM, CO EXPECTS TO HAVE UP TO 5 NEW WELLS ON PRODUCTION BY EARLY Q2.  Full Article

Delphi Energy Announces Increase In Credit Facility And Expansion Of Syndicate
Thursday, 30 Nov 2017 05:41pm EST 

Delphi Energy Corp ::DELPHI ENERGY ANNOUNCES INCREASE IN CREDIT FACILITY AND EXPANSION OF SYNDICATE.DELPHI ENERGY - BORROWING BASE OF SENIOR SECURED CREDIT FACILITY HAS INCREASED FROM $80 MILLION TO $95 MILLION.  Full Article

Delphi Energy ‍​qtrly adjusted FFO $0.04 per share
Wednesday, 8 Nov 2017 07:41pm EST 

Nov 8 (Reuters) - Delphi Energy Corp :Delphi Energy reports third quarter 2017 results.Q3 revenue rose 24 percent to C$25.1 million.Delphi Energy Corp says in the quarter produced 9,313 boe/d, a 13 percent increase over the comparative quarter in 2016‍​.‍​qtrly adjusted FFO $0.04 per share.Delphi Energy Corp sees FY total capital spending in the year is expected to be in the range of $105 to $110 million.Delphi Energy -average production in 2017 is expected to be in range of 8,600 to 8,900 boe/d with adjusted funds from operations of $35mln-$38 million.‍​.  Full Article

Delphi Energy reports Q2 revenue C$20.2 mln
Wednesday, 2 Aug 2017 10:14pm EDT 

Aug 2 (Reuters) - Delphi Energy Corp -:Delphi Energy reports second quarter 2017 results.Q2 adjusted FFO per share C$0.04.Q2 revenue C$20.2 million.Produced an average of 9,420 barrels of oil equivalent per day ("boe/d") for Q2.Produced 6,484 boe/d in Q2 of 2017, a twelve percent increase from 5,802 boe/d in comparative quarter of 2016.Delphi Energy Corp - will continue to execute an accelerated capital program for its liquid-rich bigstone montney property through remainder of 2017.Delphi Energy - production capability remains ahead of forecast despite larger impact from scheduled turnaround of semCAMS K3 processing plant.Production is forecast to continue to grow through second half of 2017, on track with production guidance..Well results continue to meet or exceed our expectations.  Full Article

Delphi Energy announces close of $65 mln financing
Wednesday, 7 Jun 2017 09:14am EDT 

June 7 (Reuters) - Delphi Energy Corp :Delphi Energy Corp. Announces close of $65 million financing.Delphi Energy Corp- plans to add a third rig in fall and double its planned drilling program for remainder of 2017 through spring breakup in 2018.Delphi Energy Corp- anticipates production in q4 of 2018 to increase by approximately 40 percent.Delphi Energy Corp - ‍run-rate cash flow in q4 of 2018 is anticipated to be in context of $100 million to $110 million​.Delphi Energy Corp- total debt to cash flow ratio is anticipated to remain at or below company's target of 1.5 times through 2018.Delphi Energy Corp- funds from financing will initially be used to repay bank debt leaving company with an undrawn $80 million credit facility.  Full Article

Delphi Energy completes annual credit facility review
Thursday, 1 Jun 2017 07:45am EDT 

June 1 (Reuters) - Delphi Energy Corp ::Delphi Energy completes annual credit facility review.Delphi Energy Corp says credit facility is expected to be largely undrawn upon closing of announced financing transaction.Delphi Energy Corp - extended term of its $80 million senior secured revolving credit facility until may 29, 2018.  Full Article

Delphi Energy Corp announces financing with strategic partner to further accelerate growth at its Bigstone Montney Asset
Wednesday, 24 May 2017 09:11am EDT 

May 24 (Reuters) - Delphi Energy Corp : :Delphi Energy Corp announces financing with strategic partner to further accelerate growth at its bigstone montney asset.Delphi Energy Corp - has entered into agreements with investors for a $65 million financing transaction.Delphi Energy Corp - principal use of proceeds will be to expand company's drilling plans for winter of 2017/2018.Delphi Energy Corp - proceeds from financing transaction will temporarily reduce bank indebtedness and working capital deficits.Delphi Energy Corp - run-rate cash flow in q4 of 2018 is anticipated to be in context of $100 million to $110 million.Delphi Energy Corp - post financing, delphi's $80 million credit facility is expected to be undrawn as at june 30, 2017.Delphi Energy Corp - total debt to cash flow ratio is anticipated to remain at or below company's target of 1.5 times through 2018.Delphi Energy - anticipates production in q4 of 2018 to increase by approximately 40 percent, from its current q4 expectation of 11,000 to 11,500 boe/d.Delphi Energy Corp - company has agreed to sell, on a private placement basis, 27.6 million common shares at an issue price of $1.27 per common share.Delphi Energy - agreed to issue an additional $30 million principal amount of currently outstanding 10% senior secured collateralized exchange listed notes.Delphi Energy Corp - re-opening of cel(tm) notes was priced at 100pct of par to yield 10pct and will not be issued with any warrants.  Full Article

Delphi Energy Q1 adjusted FFO per share C$0.05
Wednesday, 10 May 2017 11:58pm EDT 

May 11 (Reuters) - Delphi Energy Corp ::Delphi energy reports first quarter 2017 results.Q1 adjusted FFO per share c$0.05.Qtrly produced an average of 8,198 barrels of oil equivalent per day.Generated qtrly adjusted funds from operations of $8.2 million.Qtrly ffo per share $0.05.Current production capability remains at upper end of our 2017 annual production guidance of 9,000 to 9,500 boe/d.Continues to forecast absolute and per share growth across all measures during 2017.  Full Article

Delphi Energy Corp provides operations update on winter program
Monday, 10 Apr 2017 08:00am EDT 

Delphi Energy Corp : Delphi Energy Corp provides operations update on successful winter program and participation at CAPP Scotiabank investment symposium . Delphi Energy Corp - reconfirms confidence in 2017 development plan to grow year-end exit production for 2017 to between 11,000 boe/d and 12,000 boe/d .Delphi Energy Corp - continues to forecast absolute and per share growth across all measures during 2017.  Full Article

BRIEF-Delphi Energy Reports Average Production In Q4 Up 35 Pct To 9,588 Boe/d

* DELPHI ENERGY CORP. REPORTS 2017 YEAR END RESULTS AND RESERVES AND PROVIDES OPERATIONS UPDATE