December 1, 2009 (FinancialWire) — Delta Petroleum Corp. (NASDAQ: DPTR), an independent oil and gas exploration and development company, said it has retained Morgan Stanley and Evercore Partners to evaluate and advise the company’s board on strategic alternatives to enhance shareholder value.

According to Delta, the options will include, but not be limited to, exploring the sale of some or all of the company’s assets, partnerships and joint venture opportunities, and the sale of the entire company.

The company said it does not expect to make further public comment regarding the review until the board of directors has approved a specific transaction or otherwise determines that disclosure of significant developments is appropriate.

Denver-based Delta Petroleum is an oil and gas exploration and development company whose core areas of operations are the Gulf Coast and Rocky Mountain regions.

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