DELTA PETROLEUM CORPORATION

Roger A. Parker, Chairman and CEO

John R. Wallace, President and COO

Kevin K. Nanke, Treasurer and CFO

Broc Richardson, VP of Corporate Development and IR

370 Seventeenth Street, Suite 4300

Denver, Colorado 80202

For Immediate Release

DELTA PETROLEUM CORPORATION ANNOUNCES ADDITIONAL NEW HIRE SHARE GRANTS

DENVER, Colorado (October 10, 2007) -- Delta Petroleum Corporation (the “Company”) (NASDAQ Global Market: DPTR), an independent energy exploration and development company, today announced that a total of 24,063 shares of its common stock were granted under its 2006 New Hire Plan to seven new employees on September 30, 2007 as an inducement to entering into employment with the Company. All of these grants were made to non-executive officer employees and vest over a three-year period. 

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. Its common stock is traded on the NASDAQ Global Market under the symbol "DPTR." 

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 info@rjfalkner.com