Post by
fauxtomato on Aug 12, 2021 7:13am
SDE Q2 out
https://money.tmx.com/en/quote/SDE/news/8029996305933124/Spartan_Delta_Corp_Reports_Financial_and_Operating_Results_for_the_Second_Quarter_of_2021
They say very little. It was about as good of a quarter as they could have had. Realized hedging loss of 0.54 / boe and netback of $15.55. No operational updates for anything beyond June 30th so we'll have to wait a bit longer for an update on the Gold Creek wells.
Disappointed at the lack of news, hopefully we get more when Velvet closes in a couple weeks.
Comment by
Seppelt on Aug 12, 2021 8:26am
The results are very good IMO but it's a different company once Velvet acquisition is closed...
Comment by
TouchDown12 on Aug 12, 2021 8:53am
Thanks for the info Seppelt. TD12
Comment by
ppp on Aug 12, 2021 9:56am
I guess we have to read between the lines. They didn't change 22 guidance. Based on 40,000 current production and 20,000 from Velvet they have 60,000 total. They plan on increasing it 6 to 10 thousand in 22 , so the wells can't be too bad.