Delta Petroleum Corporation Retains Independent Engineers and Provides Updated Reserve and Resource Estimates

摘要

2011 AUG 10 - (VerticalNews.com) -- Delta Petroleum Corporation (Delta or thernCompany) (NASDAQ Capital Market: DPTRD), an independent oil and gas exploration andrndevelopment company, announced that it retained Netherland Sewell & Associates, Inc. (NSAIrnor Netherland Sewell) to provide independent engineering of the Company's proved, probablernand possible reserves and resources in support of the Company's strategic alternatives process.rnNSAI has recently concluded its evaluation and estimates Delta's total proved reserves at 674rnbillion cubic feet equivalent (Bcfe) based upon the forward curve of commodity prices as ofrnJune 30, 2011, and total proved, probable and possible reserves to be approximately 2.6 trillionrncubic feet equivalent (Tcfe) from the Williams Fork section. NSAI also estimates an additionalrnunrisked prospective resource of between 6 - 10 billion cubic feet equivalent (Bcfe) per wellrnfrom the Niobrara and Mancos shales, assuming between 80 - 160 acre spacing. The Companyrncurrently has approximately 22,400 net acres in the Vega Area.