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CA84678A1021
A2P5PY

SPARTAN DELTA CORP.

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  • Spartan Delta unveils Duvernay growth plan and shifts portfolio toward liquids

    At EnerCom Denver, Spartan Delta announced a growth program built on more than 550,000 net acres in the Duvernay, cash flow from the Deep Basin and selective transactions. Production in Q2 2026 was about 53,000 BOE/day, with a 2026 target of 54,000 BOE/day and an ATB estimate of over 62,000 BOE/day for 2027; the Duvernay target through 2030 is above 50,000 BOE/day. The liquids share rose markedly over the year to 35–40% (oil and condensate >10,000 bbl/day) and is intended to reach 70–80% long term. Spartan Delta is keeping debt just below 1.0× cash flow, plans an annual capital budget of CAD 550 million and will not pay dividends or repurchase shares; the Deep Basin serves as the cash‑flow engine and source of operational flexibility. » More on de.investing.com

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In 2023, SPARTAN DELTA CORP. has already paid €0.48 in dividends. The last payout was in July 2023.
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