Spartan Delta Corp. announced the completion of a series of asset acquisitions in the West Shale Basin Duvernay for aggregate cash consideration of approximately $25 million and preliminary 2024 guidance. Spartan's Deep Basin asset has been the foundation of the company's success since inception in December 2019, providing the company and its shareholders with significant return on investment through consolidation and development.

Spartan's go-forward strategy is to grow through the continued optimization of its Deep Basin asset, participate in the consolidation of the Deep Basin fairway, and leverage the Company's balance sheet and Free Funds Flow to build a new growth core area in the Duvernay, commencing with the Acquisitions.