Out of so great a death (ek thlikoutou qanatou). He had considered himself as good as dead. Delivered (erusato) --will deliver (rusetai). Old verb ruw, middle, ruomai, draw oneself, as out of a pit, rescue. So Paul faces death without fear. On whom we have set our hope (ei on hlpikamen). Perfect active indicative of elpizw. We still have that hope, emphasized by eti rusetai (he will still deliver).