Spartan Delta Corp. to Launch $50.0 Million Bought Deal Equity Financing, Boost Duvernay Development.

Spartan Delta Corp. has provided preliminary guidance for 2025, with a $300 to $325 million capital budget and an expected annualized production of approximately 40,000 BOE/d. The company plans to drill 35 (32 net) wells and target a 5% increase in production compared to 2024. Additionally, Spartan expects to generate adjusted funds flow of approximately $219 million, an increase of 37% compared to 2024 guidance.

Spartan Delta Corp. (SDC), a leading independent oil and gas company, recently provided preliminary guidance for 2025, showcasing a promising growth trajectory. With a capital budget ranging between $300 and $325 million and an anticipated annualized production of approximately 40,000 barrels of oil equivalent per day (BOE/d), SDC aims to drill 35 (32 net) wells and target a 5% increase in production compared to 2024 [1].

This positive outlook is rooted in SDC's successful track record and strategic acquisitions. In 2023, the company completed the acquisition of a significant Duvernay asset, which contributed to an updated three-year plan and the inaugural Environmental, Social, and Governance (ESG) report [2]. This acquisition, coupled with the strategic repositioning process initiated in 2022, has set the stage for SDC's growth in the coming years.

SDC's financial performance in 2024 also supports the company's optimistic outlook for 2025. The company reported adjusted funds flow of approximately $219 million, a notable increase of 37% compared to 2024 guidance [1]. This strong financial performance is expected to continue in 2025, further bolstering the company's growth prospects.

SDC's growth strategy is not limited to its operations in the Duvernay region. The company also plans to expand its strategic acquisitions and operations in other areas to maintain a diverse portfolio and maximize shareholder value [3].

In conclusion, Spartan Delta Corp.'s preliminary guidance for 2025 highlights the company's commitment to growth and its confidence in its strategic initiatives. With a robust capital budget, anticipated production growth, and a strong financial performance in 2024, SDC is well-positioned to continue its growth trajectory in the coming years.

References:
[1] Spartan Delta Corp. (2024, November 5). Third Quarter 2024, Duvernay Update and Updated 2024 Guidance. Retrieved from https://www.spartandeltacorp.com/presentations-news
[2] Spartan Delta Corp. (2023, August 31). Closing of Acquisition, Three Year Plan and Inaugural ESG Report. Retrieved from https://www.spartandeltacorp.com/presentations-news
[3] Spartan Delta Corp. (2021, June 22). Strategic Acquisitions and Operations Update. Retrieved from https://www.spartandeltacorp.com/presentations-news