X0202 4 2007-02-09 0 0000821483 DELTA PETROLEUM CORP/CO DPTR 0001214521 NANKE KEVIN K 370 17TH STREET STE 4300 DENVER CO 80202 0 1 0 0 Treasurer and CFO Common Stock 2007-02-09 4 A 0 240000 0 A 315888 D Performance Share Award under Issuer's 2007 Performance and Equity Incentive Plan. The award will vest in five tranches on the dates that the average daily closing price of the Issuer's Common Stock equals or exceeds a defined price for a specified number of trading days within any period of 90 calendar days (a "Vesting Threshold:). The Vesting Threshold for the first tranche of 40,000 shares is $40; the Vesting Threshold for the second tranche of 40,000 shares is $50; the Vesting Threshold for the third tranche of 40,000 shares is $60; the Vesting Threshold for the fourth tranche of 60,000 shares is $75; and the Vesting Threshold for the fifth tranche of 60,000 shares is $90. /s/ Kevin K. Nanke 2007-02-09