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Unlocking potential. Fuelling the future. 

 

LATEST NEWS & UPDATES

SPARTAN DELTA CORP. ANNOUNCES 2023 YEAR-END RESULTS, RESERVES AND UPDATED GUIDANCE FOR 2024 

Calgary, Alberta – February 26, 2024 – Spartan Delta Corp. (“Spartan” or the “Company”) (TSX:SDE) is pleased to report its financial and operating results for the fourth quarter and year ended December 31, 2023, highlights of the Company’s year-end reserves evaluation, as well as updated guidance for 2024. 

 
JANUARY

FEBRUARY

 

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.

Spartan is proud to share our actions, commitments and outlook for ESG initiatives through an innovative and environmentally friendly online format.