Kevin Nanke - Chief Financial Officer, Treasurer, Chief Financial Officer of DHS Drilling Company, Treasurer of DHS Drilling Company and Director of DHS Drilling Company Carl Lakey - Chief Executive Officer, President and Director Broc Richardson - Vice President of Corporate Development & Investor Relations Daniel Taylor - Chairman, Member of Audit Committee and Member of Nominating & Corporate Governance Committee Analysts Gregg Brody - JP Morgan Joseph Allman - JP Morgan Chase & Co Andrew Shapiro - Lawndale PresentationOperator Good morning, and welcome to the Delta Petroleum First Quarter 2011 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Broc Richardson. Please go ahead, sir. Broc Richardson Thank you, everyone. And thank you for joining us for Delta's first quarter 2011 financial and operating results conference call. Before we begin, I would like to remind you that we are conducting this call under Safe Harbor and that this call will include projections and forward-looking statements within the meaning of the Federal Securities laws and are intended to be covered by the Safe Harbor protections. In that regard, you are referred to the cautionary statement displayed on Delta’s website, which is incorporated by reference with respect to the information provided for this call. Investors are urged to closely consider the oil and gas disclosures and the risk factors set forth in Delta’s Form 10-K for fiscal year ended December 31, 2010, as updated by subsequent periodic and current reports on Forms 10-Q and 8-K, respectively.
Delta Petroleum Corporation (Nasdaq:DPTR) hit a new 52-week low Tuesday as it is currently trading at 66 cents, below its previous 52-week high of $1.37 with two million shares traded as of 1:56 p.m. ET. Average volume has been 4.4 million shares over the past 30 days.