Delta Petroleum Announces Additional New Hire Share Grants

Delta Petroleum Corporation, an independent energy exploration and development company, announced that a total of 22,542 shares of its common stock were granted under its 2006 New Hire Plan to five new employees on December 31, 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.