SPARTAN DELTA CORP. I N V E S TO R P R E S E N TAT I O N July 7, 2025
SPARTAN DELTA CORPORATE STRATEGY Three Pillar Strategy I . D U V E R N AY D E V E L O P M E N T I I . D E E P B A S I N O P T I M I Z AT I O N I I I . D E E P B A S I N C O N S O L I D AT I O N LARGE INVENTORY ESTABLISHED…
CORPORATE SUMMARY Building a Sustainable Energy Company S PA R TA N D E LTA C O R P. C A P I TA L I Z AT I O N 39,000-41,000 BOE/D 2025E PRODUCTION SPARTAN DELTA CORP TSX SDE 300-325 MM 2025E CAPITAL Share Price (1) /sh 3.83 DEEP…
SPARTANS STRATEGIC MILESTONES Continuously Generating Shareholder Value C O R P O R AT E H I G H L I G H T S S I N C E I N C E P T I O N ( 1 ) T R A C K R E C O R D O F E X E C U T I N G S T R AT E G Y 635 MM 1,788 MM 1,173 MM…
2025 GUIDANCE Optimizing the Deep Basin and Growing the Duvernay A CTUALS GUIDANCE G U I D A N C E (1) FY 2024 FY 2025 GUIDANCE HIGHLIGHTS Crude Oi l & Condens a te bbls/d 3,297 5,600 Na tura l Ga s Li qui ds (NGLs ) bbls/d 9,209…
I. DUVERNAY DEVELOPMENT Prolific Liquids-Rich Shale Asset Offers Significant Scalability and Commerciality W E S T S H A L E B A S I N D U V E R N AY CARROT CREEK DUVERNAY Spartan has established one of the largest positions in the oil…
I. DUVERNAY DEVELOPMENT Expansive Position Across the Willesden Green & Pembina Fairway 5 - Y E A R P R O D U C T I O N TA R G E T SDE W.I. Lands SDE Operated Duvernay Wells 25,000 BOE/D SDE 2025 Drilled SDE 2025 Upcoming Drills…
II. DEEP BASIN OPTIMIZATION Free Funds Flow with Substantial Inventory Duration Into Owned Infrastructure SUMMARY Spartans foundational asset generating significant Free Funds Flow Belly River Top quality resource of delineated…
III. DEEP BASIN CONSOLIDATION Fairway Poised for Consolidation D E E P B A S I N F A I R W AY Spartan has a proven consolidation and integration record and a clean balance sheet position Deep Basin offers scale and operational…
2025 HEDGING PROFILE Balance Sheet and Free Funds Flow Protection 2025 HEDGES HEDGING HIGHLIGHTS AECO 7a WTI GJ/d C/GJ bbl/d C/bbl 15% 14% GREATER THAN FORWARD GREATER THAN FORWARD Q2 2025 78,750 2.09 2,500 100.17 A E C O S T R…
2024 RESERVES Based on 2025 Average Forecast Pricing of US71.58/bbl WTI and C2.36/MMBtu AECO R ESERVE VOLUMES I M P L I E D N E T P R E S E N T VA L U E P E R S H A R E (1)(2) 300,000 9.00 250,000 7.50 200,000 6.00 /Share…
SPARTANS SUSTAINABLE DEVELOPMENT GOALS Spartan is Committed to Meeting the Needs of the Present, While Protecting the Future DOMINANT POSITION IN THE LIQUIDS-RICH DEEP BASIN, YIELDING CONSISTENT ECONOMIC RESULTS INFRASTRUCTURE…
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MANAGEMENT TEAM & BOARD OF DIRECTORS MANAGEMENT TEAM Fotis Kalantzis Chairman, Director and co-founder of Logan Energy; former SVP and co-founder of Spartan Energy, Spartan Oil and Spartan Exploration President, CEO & Director…
SPARTANS HISTORICAL PERFORMANCE Spartan Deltas Financings Have Significantly Outperformed the TSX Energy Index DECEMBER 2019 MAY 2020 MARCH 2021 AUGUST 2021 Founding Financing: Bellatrix Asset Acquisition: Montney Acquisitions: Velvet…
PREVIOUS ITERATIONS HISTORICAL PERFORMANCE Spartan Has Significantly Outperformed the TSX Energy Index Through Multiple Iterations and Cycles SPARTAN SPARTAN SPARTAN SPARTAN EXPLORATION OIL ENERGY DELTA January 2010 May 2011 June…
ANALYST COVERAGE & CORPORATE INFORMATION EXECUTIVE OFFICE STOCK EXCHANGE LISTING INSTITUTION: A N A LY S T : Spartan Delta Corp. The TSX Exchange 1600, 308 4th Avenue SW Trading Symbol: SDE ATB Capital Markets Patrick ORourke Calgary,…
ABBREVIATIONS A&D Acquisitions and Dispositions mmboe/sec Million barrels of oil equivalent per section AECO Alberta Energy Company C Meter Station of the NOVA Pipeline System mmbtu; mmbtu/d Metric million British thermal unit; metric…