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
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(END) Dow Jones Newswires
November 05, 2024 17:47 ET (22:47 GMT)
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