Brief: Spartan Delta Corp. Announces Strategic Duvernay Acquisition and Updated Guidance For 2024

Spartan Delta

08/05/2024 24:22

May 7 (Reuters) - Spartan Delta Corp  SDE.TO :
    * . ANNOUNCES STRATEGIC DUVERNAY ACQUISITION, FIRST QUARTER
2024
RESULTS, AND UPDATED GUIDANCE FOR 2024
    * TOTAL CONSIDERATION FOR WILLESDEN GREEN NORTH ACQUISITION
IS
APPROXIMATELY $53.1 MILLION IN CASH
    * AS A RESULT OF WILLESDEN GREEN NORTH ACQUISITION, COMPANY
HAS
UPDATED ITS GUIDANCE FOR 2024
    * OJAY PLATT, DIRECTOR, OPERATIONS, IS PROMOTED TO ROLE OF
VICE
PRESIDENT PRODUCTION
    * SPARTAN DELTA - IN 2024, CO ANTICIPATES ANNUALIZED
PRODUCTION OF
39,500 TO 41,500 BOE/D, AN INCREASE OF 1,000 BOE/D FROM PREVIOUS
GUIDANCE
    * MARTIN MALEK, VICE PRESIDENT, ENGINEERING AND BUSINESS
DEVELOPMENT, IS PROMOTED TO ROLE OF CHIEF OPERATING OFFICER
    * ANNOUNCES RETIREMENT OF MR. THANOS NATRAS, VICE PRESIDENT,
EXPLORATION, EFFECTIVE JUNE 15, 2024
    * EXPECTS TO GENERATE APPROXIMATELY $176 MILLION OF ADJUSTED
FUNDS
FLOW IN 2024

Source text for Eikon:  ID:nCNWL9FT3a 
Further company coverage:  SDE.TO 

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