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Spartan Delta Corp T.SDE

Alternate Symbol(s):  DALXF

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 organic drilling program, delivering operational synergies.


TSX:SDE - Post by User

Post by CarlosDanger69on Jun 24, 2021 5:45pm
309 Views
Post# 33448361

Triple 5 Bankruptcy Acquisition

Triple 5 Bankruptcy AcquisitionFound this on Insolvency Insider, looks like SDE has another acquistion on the hopper. Triple 5 Intercontinental Group is in CCAA and Spartan has made an offer of $37.5 Million to acquire the company. Very low ARO; 10 wells, 2600 BOE/D 80% Gas out of some prolific Spirit River formation horizontal wells. 

Read more about it in the court documents below.
https://www.bdo.ca/en-ca/extranets/calgaryoilandgas/

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