Spartan Delta Corp.
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About
Spartan Delta Corp., formerly Return Energy Inc., is a Calgary, Alberta-based company engaged in oil and gas exploration and development. The Common Shares are currently listed on the TSXV under the trading symbol "RTN". The Company expects trading of its Common Shares on a consolidated basis, under the new name "Spartan Delta Corp." and new symbol "SDE", will commence at the market opening on June 4, 2020.
Editor's note: Updated June 3, 2020.
Transactions
Spartan Delta Set to Become Largest Montney Producer after Latest Deal
Spartan Delta Set to Become Largest Montney Producer after Latest Deal
Spartan Delta Buys Fellow Canadian Oil Producer Bellatrix out of Bankruptcy
Spartan Delta Buys Fellow Canadian Oil Producer Bellatrix out of Bankruptcy
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New Financings
Entered an agreement with a syndicate of underwriters led by National Bank Financial Inc. and CIBC World…
Upsized previously announced previously announced non-brokered private placement and bought-deal…
Closed an initial tranche of its non-brokered private placement comprised of common share units and…
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News
A&D Minute: Ovintiv Captures Much-needed Inventory with $4.2B Permian Deal [WATCH]
Also in this week's A&D Minute, Crescent Point Energy is acquiring Spartan Delta's Montney assets for $1.28 billion.Â
Crescent Point to Buy Montney Assets in $1.28 Billion Deal
Crescent Point Energy said it would purchase Spartan Delta Corp.’s Montney assets in Alberta, Canada, including average production of 38,000 boe/d for CA$1.7 billion (US$1.28 billion) in cash.
Spartan Delta Set to Become Largest Montney Producer after Latest Deal
The deal marks a major milestone in Spartan's Montney consolidation strategy and brings the company closer to achieving its previously stated objective of production growth to 100,000 boe/d, says Spartan CEO Fotis Kalantzis.