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Bullboard - Stock Discussion Forum Spartan Delta Corp T.SDE

Alternate Symbol(s):  DALXF

Energy Advertising Agencies Oil & Gas E&P
Spartan Delta Corp. is a Canada-based energy company. The Company is engaged in exploration, development and production of crude oil and natural gas properties in western Canada. The Company is focused on acquiring a diversified portfolio of assets. It has a portfolio of production and development opportunities in the Deep Basin of Alberta. It is focused on the execution of the Company's... see more

TSX:SDE - Post Discussion

Spartan Delta Corp > 2023 YEAR-END RESULTS, RESERVES AND UPDATED GUIDANCE
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Post by Betteryear2 on Feb 26, 2024 6:05pm

2023 YEAR-END RESULTS, RESERVES AND UPDATED GUIDANCE

CALGARY, AB, Feb. 26, 2024 /CNW/ - 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.

SPARTAN DELTA CORP. ANNOUNCES 2023 YEAR-END RESULTS, RESERVES AND UPDATED GUIDANCE FOR 2024 (newswire.ca)
Comment by TouchDown12 on Feb 26, 2024 10:34pm
I thought they would have more debt paid off after Q4. Did I misread the last update about being debt-free? I thought the newly aquired land in Fall'23 was 25-26M, not 32M. Also, all 2024 capex going to maintain production at Q4'23 levels? Is this because of low NG pricing? Got a few questions. TD12
Comment by Seppelt on Feb 26, 2024 11:57pm
Looks like the co made several acquisitions in the Duvernay for a total of 32M and 170,000 net acres, up from 130,000 reported in the fall. And that explains the higher net debt.  Not sure about the market reaction tomorrow. There is little interest due to very low natural gas prices and the Duvernay potential is a mystery with no details and no, or very litle capex.
Spartan Delta Corp
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