Filed Pursuant to Rule 424(b)(3) File No. 333-129071 _____________________________________________________________________________ DELTA PETROLEUM CORPORATION SUPPLEMENT NO. 1 DATED MAY 31, 2007 TO PROSPECTUS DATED NOVEMBER 30, 2005 Touradji Global Resources Master Fund, Ltd. has transferred 60,000 of the shares offered by the prospectus to Touradji Deeprock Master Fund Ltd. The Selling Shareholder table is revised to make the following changes as to Touradji Global Resources Master Fund, Ltd. and Touradji Deeprock Master Fund Ltd. to reflect the transfer and update certain other information: Shares Shares Beneficially Owned Beneficially Owned Prior to the Offering After the Offering(1) --------------------- Shares --------------------- Percent Offered Percent Selling Shareholder Number of Class Hereby Number of Class - ------------------- ------- --------- ------- ------ --------- Touradji Global Resources Master Fund, Ltd. 2,255,056 3.43% 945,562 1,309,494 1.99% Touradji Deeprock Master Fund Ltd. 482,028 0.73% 60,000 422,028 0.64% The selling shareholders listed above have provided us with additional information regarding the individuals that exercise control over the selling shareholder. The following is a list of the selling shareholders and the natural person or persons with voting or investment power for the shares: * Touradji Global Resources Master Fund, Ltd. and Touradji Deeprock Master Fund Ltd.: Paul Touradji.