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Spartan Delta ( (TSE:SDE) ) has issued an announcement.
Spartan Delta Corp. announced its 2024 year-end financial and operational results, reporting a production of 38,166 BOE/d and oil and gas sales of $301.6 million. Despite a challenging natural gas price environment, Spartan successfully executed its corporate strategy by expanding its presence in the Duvernay region and shifting its production focus towards oil and condensate. The company achieved a significant milestone with initial Duvernay production and anticipates substantial growth in 2025, targeting 25,000 BOE/d in Duvernay production. Spartan’s performance highlights its strategic pivot towards liquids, with considerable increases in crude oil and condensate production.
More about Spartan Delta
Spartan Delta Corp. operates in the oil and gas industry, focusing primarily on the development and production of natural gas and oil. The company has established a significant presence in the Duvernay and Deep Basin regions, emphasizing growth in liquid-rich formations.
YTD Price Performance: 7.31%
Average Trading Volume: 53,616
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $522.2M
See more data about SDE stock on TipRanks’ Stock Analysis page.
