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SPARTAN DELTA CORP. ANNOUNCES STRATEGIC DUVERNAY ACQUISITION, FIRST QUARTER 2024 RESULTS, AND UPDATED GUIDANCE FOR 2024

Newswire.ca - Tue May 7, 6:14PM CDT

CALGARY, AB, May 7, 2024 /CNW/ - Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) is pleased to report its unaudited financial and operating results for the three months ended March 31, 2024, as well as announce the completion of a strategic acquisition (the "Willesden Green North Acquisition") in West Shale Basin Duvernay (the "Duvernay"), advancing on its stated growth strategy. Total consideration for the Willesden Green North Acquisition is approximately $53.1 million in cash, subject to certain closing adjustments effective March 1, 2024. As a result of the Willesden Green North Acquisition, the Company has updated its guidance for 2024.  

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