Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Spartan Delta Corp. (T:SDE)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: Suite 1500
Jamieson Place, 308 - 4th Avenue SW
CALGARY AB T2P 0H7
Tel: N/A
Website: https://www.spartandeltacorp.com
IR: See website
Key People
Richard F. Mchardy
Executive Chairman of the Board
Sanjib Gill
Corporate Secretary
Fotis Kalantzis
President, Chief Executive Officer, Director
Geri Greenall
Chief Financial Officer
Ashley Dawn Hohm
Vice President - Finance, Controller
Craig Christopher Martin
Vice President - Operations
Randy Berg
Vice President - Land and Stakeholder Relations
Mark Hodgson
Vice President - Corporate Development and IT
Thanos Natras
Vice President - Exploration
Brendan Archibald Paton
Vice President - Engineering
   
Business Overview
Spartan Delta Corp. is a Canada-based energy company. The Company is engaged in exploration, development and production of crude oil and natural gas properties in western Canada. The Company is focused on acquiring a diversified portfolio of assets. It has a portfolio of production and development opportunities in the Deep Basin of Alberta. It is focused on the execution of the Company's organic drilling program, delivering operational synergies.
Financial Overview
For the fiscal year ended 31 December 2023, Spartan Delta Corp revenues decreased 50% to C$646.1M. Net income decreased 3% to C$663.1M. Revenues reflect Oil Equivalent Production (Units/day) - decrease of 27% to 53K barrels per day, Oil and gas sales decrease of 55% to C$652.8M, Unrealized gain (loss) decrease from C$51.6M to -C$30M. Net income also reflects Transaction costs increase from C$143K to C$18.3M (expense).
Employees: 91 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $732.93M as of Dec 31, 2023
Annual revenue (TTM): $646.14M as of Dec 31, 2023
EBITDA (TTM): $389.64M as of Dec 31, 2023
Net annual income (TTM): $663.11M as of Dec 31, 2023
Free cash flow (TTM): -$1,451M as of Dec 31, 2023
Net Debt Last Fiscal Year: $79.30M as of Dec 31, 2023
Shares outstanding: 173,201,000 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization