Unlocking potential. Fuelling the future.
LATEST NEWS & UPDATES
SPARTAN DELTA CORP. ANNOUNCES DUVERNAY UPDATE, THIRD QUARTER 2024 RESULTS, AND UPDATED GUIDANCE FOR 2024
Calgary, Alberta – November 5, 2024 – Spartan Delta Corp. (“Spartan” or the “Company”) (TSX:SDE) is pleased to report its unaudited financial and operating results for the three and nine months ended September 30, 2024, as well as an inaugural Duvernay operational update, and updated guidance for 2024.
NOVEMBER
Strategy
IDENTIFY
Our strategy starts with homing in on the right assets—those with superior investment and cash-flow profiles—that provide material upside and sustainable free cash flow under current commodities prices. These assets include high-quality, multi-zone, oil and gas operated production alongside a large land base and strategic infrastructure footprint.
ACQUIRE
We are focused on acquiring a diversified portfolio of quality assets which can be restructured, optimized and rebranded—financially or operationally—to fully realize their potential. Thoughtful consolidation of underdeveloped or undercapitalized assets is the clearest path to accretion of corporate metrics in this challenging energy cycle.
DEVELOP
Our work is centered on reinvigorating high-potential assets with a progressive outlook and an entrepreneurial spirit. We concentrate on driving well productivity in a cost-effective manner suitable to the current macro environment in order to maximize free cash flow generation and deliver sustainable value to investors.
Spartan intends to acquire a diversified portfolio of quality assets that can be restructured, optimized and rebranded, financially or operationally to yield lower payout ratios and generate material free cash flow.
Thoughtful, opportunistic consolidation of undercapitalized and undervalued assets is the clearest path to accretion of corporate metrics, now more than ever in this depressed environment.