Delphi Energy Corp. (DPGYF.PK) Q2 2010 Earnings Call July 29, 2010 11:00 am ET Executives David Reid - President and CEO Brian Kohlhammer - VP Finance and CFO Analysts Brian Kristjansen - Canaccord Genuity Kurt Molnar - Stifel Financial PresentationOperator
Welcome to the Delphi Energy Corp. 2010 second quarter results conference call. I would now like to turn the meeting over to Mr. David Reid, President and Chief Executive Officer of Delphi Energy Corp. David Reid Good morning everyone and welcome to our second quarter 2010 conference call. As mentioned, I am David Reid and I'm the President and CEO. I am joined today by Brian today by Brian Kohlhammer. He is our VP Finance and CFO. We'll start the call with some general remarks on the company's progress, followed by some comments on the second quarter and the current gas price environment and provide some discussion around the outlook over the remainder of 2010, especially our capital program that we outlined in the press release. And finally, we'll open up the call to your questions. Firstly, as always, please be advised that statements made in this call other than statements of historical fact may contain forward-looking information and I refer you to the forward-looking statements disclaimer in the MD&A attached to today's press release to inform you that this disclaimer applies to any forward-looking information disclosed in today's call. Firstly, just a little bit of background on Delphi for those of you that are unfamiliar with us. We're predominantly a natural gas E&P company. In second quarter, we were 80% natural gas by production, with over 95% of our production reserves and 95% of our undeveloped land located in the deeper areas of the basin in northwest Alberta and into northeast British Columbia. We operate approximately 85% of our production and constantly operate about 95% of our field capital programs.