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BRIEF-Delphi Energy Corp Reports Qtrly Loss Per Share $0.10

Published 2019-05-07, 09:35 p/m
BRIEF-Delphi Energy Corp Reports Qtrly Loss Per Share $0.10
DEE
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May 7 (Reuters) - Delphi Energy Corp DEE.TO :

* DELPHI ENERGY CORP. REPORTS FIRST QUARTER 2019 RESULTS

* DELPHI ENERGY CORP- QTRLY LOSS PER SHARE $0.10

* DELPHI ENERGY- AVERAGE PRODUCTION IN QUARTER OF 8,759 BARRELS OF OIL EQUIVALENT PER DAY ("BOE/D") DOWN 8 PERCENT FROM 9,515 BOE/D IN COMPARATIVE QUARTER OF 2018

* DELPHI ENERGY CORP- QTRLY ADJUSTED FUNDS FLOW PER SHARE $0.07

* DELPHI ENERGY-EXPECTS ITS CONDENSATE PRODUCTION TO CONTINUE TO GROW DISPROPORTIONATELY TO ITS NATURAL GAS PRODUCTION OVER NEXT THREE TO FIVE YEARS

* DELPHI ENERGY CORP - SIZE OF BOARD OF DIRECTORS HAS BEEN PROPOSED TO BE REDUCED TO SIX DIRECTORS FROM EIGHT AT UPCOMING ANNUAL GENERAL MEETING

* DELPHI ENERGY- CO REDUCED ITS EMPLOYEE SALARY COSTS, FROM MAY 1, 2019, BY 15 PERCENT OR ABOUT $700,000 ANNUALLY BY SUSPENDING EMPLOYEE SHARE PURCHASE PLAN

* DELPHI ENERGY - SIZE OF BOARD HAS BEEN PROPOSED TO BE REDUCED TO SIX DIRECTORS FROM EIGHT AT UPCOMING ANNUAL GENERAL MEETING ON MAY 14, 2019

* DELPHI ENERGY-WITH PAD WELLS ON PRODUCTION EARLIER THAN PLANNED, CO WILL BE REVIEWING Q2 2019 FORECAST OF 9,000 TO 9,500 BOE PER DAY OVER NEXT FEW WEEKS

* DELPHI ENERGY CORP- QTRLY CRUDE OIL AND NATURAL GAS REVENUE WAS $26.4 MILLION, A DECREASE OF 19 PERCENT FROM THE COMPARATIVE QUARTER IN 2018

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