Delta Petroleum Corporation, an independent energy exploration and development company updates its production, drilling and other operating activities.

OPERATIONS UPDATE

Development Projects

Vega Unit and North Vega, Piceance Basin, CO, Avg. 50 - 100% WI – The Company continues to develop the Vega Unit area with four DHS drilling rigs -- two rigs in the Vega Unit and two additional rigs on the North Vega acreage. The Company’s concentrated development program has resulted in noticeable recent accomplishments, including a decrease in the number of days required to drill wells, reduced well completion costs and increased average production rates through better stimulation techniques. Management is pleased with recent performance in this area, where significantly better individual well economics have been achieved. The Company also believes that increased activity should allow well costs to be reduced further. In the Vega area, the Company has 34 wells producing and 20 wells drilled and waiting on completion. The Vega Unit wells have the capacity to produce up to an aggregate of 30 million cubic feet per day (Mmcf/d), but are currently restricted to 20 Mmcf/d as major pipelines are temporarily full due to seasonal maintenance schedules. Production capacity from the Vega Unit and the North Vega area is expected to reach 40 - 45 Mmcf/d by year end.

Cowboy Field, DJ Basin, WY, 70%-100% WI – Current production from the Cowboy field approximates 1,100 barrels of oil per day (Bo/d). The Company is drilling its 11th well in the field, which should be completed by mid-October, and has briefly halted its development drilling program while the results of a 3D seismic survey are processed and interpreted. The 3D survey will be used to further delineate field size.

Copper Mountain Unit, Wind River Basin, WY, 50-100% WI – The Company will begin drilling the West Madden Federal 34-24 with DHS Rig #17 in early October and will continue to test the Lower Ft. Union intervals.

Midway Loop Area, SE Gulf Coast, TX, ~ 10%-55% WI – The Company drilled and completed the Dickens A2-14 (45% WI) and the Woods A-82 (49% WI) with initial production rates of 14 Mmcf/d with 1,500 barrels of condensate per day (Bc/d), and 5 Mmcf/d with 700 Bc/d, respectively. The Company is drilling the Baxter A-141 and the Estes 01, and results from these drilling activities should become available during the fourth quarter.

Newton Field, SE Gulf Coast, TX, 100% WI – The Roughneck 01, a shallow Frio formation well, recently began production and sales at a rate of 1,300 Mcf/d. The Company is currently drilling the Ares 01, which is anticipated to reach total depth later this month, and plans at least two additional shallow prospects.

New Drilling Ventures

Greentown Project, Paradox Basin, UT, 70% WI – The Company is drilling the Greentown Federal 35-12 and the Federal 28-11. Completion results are expected to be announced in the fourth quarter.

Central Utah Hingeline Project, UT, 65% WI – The Company has received the drilling permit and is building the location for the Federal 23-44 well on the Parowan prospect located in Iron County, UT. The well should commence drilling within the next 10 days and should reach its primary objective in 30 – 45 days and total depth within 60 – 75 days.

Columbia River Basin – The Company is attempting to secure a working interest partner in order to begin drilling operations on the Gray 33-23 in the fourth quarter.