DELTA PETROLEUM CORPORATION
Roger A. Parker, Chairman and CEO
John R. Wallace, President and COO
Kevin K. Nanke, Treasurer and CFO
370 Seventeenth Street, Suite 4300
Denver, Colorado 80202
DENVER, Colorado (June 7, 2007) – Delta Petroleum Corporation (NASDAQ Global Market: DPTR), an independent energy exploration and development company (“Delta” or “the Company”), announced today that Hank Brown and John Wallace have joined the Company’s board of directors effective immediately.
Mr. Brown was named the 21st president of the University of Colorado in June 2005. He joined the Daniels Fund as President and CEO on July 1, 2002, and served there until his appointment at the University of Colorado. Prior to his employment with the Daniels Fund, Mr. Brown served as the President of the University of Northern Colorado. Before becoming UNC's President, he served Colorado in the United States Senate (elected in 1990) and five consecutive terms in the U.S. House representing Colorado's 4th Congressional District (1980-1988). Mr. Brown was a Vice President of Monfort of Colorado from 1969 to 1980. He is both an attorney and a C.P.A. He earned a Bachelor's Degree in Accounting from the University of Colorado in 1961, and a Juris Doctorate Degree from the University of Colorado Law School in 1969. While in Washington, Mr. Brown earned a Master of Law Degree in 1986 from George Washington University. Mr. Brown also currently serves as a director of Sensient Technologies Corporation and Sealed Air Corporation, both of which are publicly held.
John Wallace is currently serving as the President and COO of Delta and has been an executive officer of the Company since 2003.
"We are very pleased to welcome Hank and John to our board, and look forward to their insights and contributions as directors," commented Roger Parker, Chairman and CEO of Delta. "Hank's broad executive management experience will be a valuable asset to Delta. Likewise, John's experience in the industry will continue to be of great service to the Company."
Delta Petroleum Corporation is an oil and gas exploration and development company based in Denver, Colorado. The Company's core areas of operations are the Gulf Coast and Rocky Mountain regions, which comprise the majority of its proved reserves, production and long-term growth prospects. The Company has a significant drilling inventory that consists of proved and unproved locations, the majority of which are located in its Rocky Mountain development projects. Its common stock is traded on the NASDAQ Global Market under the symbol “DPTR”.
Forward-looking statements in this announcement are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based on management’s present expectations, estimates and projections, but involve risks and uncertainty, including without limitation, uncertainties in the projection of future rates of production, unanticipated recovery or production problems, unanticipated results from wells being drilled or completed, the effects of delays in completion of gas gathering systems, pipelines and processing facilities, as well as general market conditions, competition and pricing. Please refer to the Company's reports on Forms 10-K, 10-Q and 8-K as filed with the Securities and Exchange Commission for additional information. The Company is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
For further information contact the Company at (303) 293-9133 or via email at info@deltapetro.com
OR
RJ Falkner & Company, Inc., Investor Relations Counsel, at (800) 377-9893 or via email at
SOURCE: Delta Petroleum Corporation