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Delta Petroleum Corporation Announces First Quarter 2009 Operating Results.

Publication: Energy Weekly News
Publication Date: 22-MAY-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Delta Petroleum Corporation Announces First Quarter 2009 Operating Results.(Financial report)

Article Excerpt
Delta Petroleum Corporation (NASDAQ:DPTR), an independent oil and gas exploration and development company, announced its financial and operating results for the first quarter of 2009.

Roger Parker, the Company's Chairman and CEO stated, "Delta's financial results for the first quarter continued to reflect depressed commodity prices. However, numerous steps have been taken to reposition the Company for the current industry environment. During the first quarter we laid down our last operating drilling rig on our Piceance Basin properties in order to significantly reduce 2009 drilling capital expenditures. Additional cost...

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