At Bigstone East, Delphi has successfully completed its third Montney well (1.0 net) with a surface location of 5-14-60-23 W5M involving a 20 stage oil-based fracturing program. This is the second well from this surface location, however, this well's horizontal lateral was drilled to the north versus the south. The well has been brought on production through the Company's 100 percent owned compression and dehydration facility and pipeline infrastructure.

Subsequent to completion and fracturing operations, the well was flow tested at an average rate of 16.0 million cubic feet per day ("mmcf/d") at a flowing pressure of 6,170 kPa over the final 24 hours of the initial four day flow period. The well was also producing approximately 800 barrels per day ("bbls/d") or 50 bbls/mmcf of free condensate at the end of the test, although 100 percent of the load fluid hadn't been recovered (load oil recovery stands at 72 percent after the four day flow period).

Shallow-cut plant recoveries of natural gas liquids ("NGL's") at Bigstone East are expected to yield an additional 30 to 35 bbls/mmcf from the Montney gas production.