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An announcement from Spartan Delta ( (TSE:SDE) ) is now available.
Spartan Delta Corp has announced its preliminary guidance for 2025, highlighting a substantial increase in oil and liquids production driven by an accelerated development program in the Duvernay region and a $50 million equity offering. The company plans to allocate significant capital towards drilling and expanding its water infrastructure, targeting a 180% growth in Duvernay production and a 5% overall production increase. With a capital budget of $300 to $325 million, Spartan aims to produce approximately 40,000 BOE/d and expects a 37% rise in Adjusted Funds Flow in 2025, reflecting a strategic focus on maximizing output and adapting to market conditions.
More about Spartan Delta
Spartan Delta Corp is a company in the energy sector, primarily involved in oil and gas exploration and production. They focus on significant growth in oil and liquids production, particularly in the Duvernay and Deep Basin regions.
YTD Price Performance: 14.13%
Average Trading Volume: 32,282
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $486.2M
For detailed information about SDE stock, go to TipRanks’ Stock Analysis page.
