applicable law. Readers are cautioned that the FOFI contained in this document should not be used for purposes other than for which it is disclosed herein. Changes in forecast commodity prices, differences in the timing of capital expenditures, and variances in average production estimates can have a significant impact on the key performance measures included in Spartan's updated guidance. The Company's actual results may differ materially from these estimates.

References in this press release to peak rates, initial production rates, average 30-day production and other short-term production rates are useful in confirming the presence of hydrocarbons, however such rates are not determinative of the rates at which such wells will commence production and decline thereafter and are not indicative of long-term performance or of ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production of Spartan. The Company cautions that such results should be considered preliminary.

ABBREVIATIONS

 
A&D         acquisitions and dispositions 
bbl         barrel 
bbls/d      barrels per day 
BOE/d       barrels of oil equivalent per day 
CA$ or CAD  Canadian dollar 
GJ          gigajoule 
GJ/d        gigajoule per day 
mcf         one thousand cubic feet 
mcf/d       one thousand cubic feet per day 
Mbbls       thousand barrels 
MBOE        thousand barrels of oil equivalent 
MMbtu       one million British thermal units 
MMcf        one million cubic feet 
MM          millions 
$MM         millions of dollars 
US$ or USD  United States dollar 
 

SOURCE Spartan Delta Corp.

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/CONTACT:

FOR ADDITIONAL INFORMATION PLEASE CONTACT: Fotis Kalantzis, President and Chief Executive Officer, Spartan Delta Corp., 1600, 308 - 4th Avenue SW, Calgary, Alberta, Canada T2P 0H7, Email: IR@SpartanDeltaCorp.com, www.spartandeltacorp.com

Copyright CNW Group 2024 
 

(END) Dow Jones Newswires

November 05, 2024 17:47 ET (22:47 GMT)