Spartan Delta Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Fotis Kalantzis
- Full Time Employees
- 121
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 308 – 4th Avenue S.W Calgary AB Canada T2P 0H7
- IPO Date
- Sep 8, 2009
- Website
- spartandeltacorp.com
- Similar Companies
- Business
- Spartan Delta Corp is a Canadian oil and gas exploration and production company founded in 2019 and headquartered in Calgary, Alberta. The company focuses on the development, production, and exploration of crude oil and natural gas properties primarily in Western Canada, with key assets located in the Deep Basin, Peace River Arch, Central Alberta, and the Duvernay shale play within the West Shale Basin. Spartan Delta offers a diversified portfolio of operated production and growth opportunities, including multi-zone conventional oil and liquids-rich gas formations, supported by strategic land positions and infrastructure. Its core products include crude oil, condensate, and natural gas. The company is committed to sustainable free cash flow generation through operational efficiencies, organic drilling programs, and responsible environmental practices. Recent major changes include a strategic acquisition of Duvernay assets totaling approximately 137,000 gross acres with related production and extensive 3D seismic data, completed in late 2023 and early 2024, enhancing its position in the liquids-rich and volatile oil window of the Duvernay. Spartan Delta has increased its 2024 capital program to $150 million, targeting drilling and completing 19.2 net wells with a focus on growing oil and condensate production by 17%. The company has also expanded its operational footprint and drilling activity in the Deep Basin, targeting formations such as Spirit River, Cardium, Viking, Wilrich, and Rock Creek. In 2025, Spartan Delta announced an increase to its credit facility to support continued growth in the Duvernay and moved its corporate office to a new location in Calgary. Its strategic direction emphasizes asset optimization, free funds flow generation, and shareholder value creation through disciplined capital allocation and organic growth. Spartan Delta operates in the upstream oil and gas industry, serving markets in Canada with its primary focus on exploration and production activities. It maintains an ESG-focused culture aimed at sustainability and value-driven operational performance. The company has no reported parent company and operates as an independent entity publicly traded on the Toronto Stock Exchange under the ticker symbol SDE and over-the-counter as DALXF. This description reflects Spartan Delta Corp's detailed product offerings, recent asset acquisitions consolidating its strategic positions, and operational expansions aimed at enhancing production and cash flow in its core Western Canadian resource plays.
Spartan Delta: 2030 Projection & The Multi-Basin Optionality
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Spartan Delta (OTCMKTS:DALXF) Share Price Crosses Above 50-Day Moving Average – Here’s Why
Spartan Delta Corp. (OTCMKTS:DALXF) Given Consensus Rating of “Moderate Buy” by Analysts
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Spartan Delta Announces Large Development Program In The Duvernay Shale
Spartan Delta Corp. Upsizes Previously Announced Equity Offering to $85 Million
UPDATE - Spartan Delta Corp. Announces Preliminary 2025 Guidance, Acceleration of Duvernay Development Program, and $50 Million Equity Offering
Spartan Delta Corp. Announces Preliminary 2025 Guidance, Acceleration of Duvernay Development Program, and $50 Million Equity Offering
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The New Spartan Delta Corp.