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Unlocking potential. Fuelling the future. 

 

LATEST NEWS & UPDATES

SPARTAN DELTA CORP. ANNOUNCES SECOND QUARTER 2024 RESULTS 

Calgary, Alberta – August 7, 2024 – Spartan Delta Corp. (“Spartan” or the “Company”) (TSX:SDE) is pleased to report its unaudited financial and operating results for the three and six months ended June 30, 2024. 

 
MAY

AUGUST

 

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. 


 
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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.