Spartan Delta Corp · TSX:SDE
Spartan Delta — Investor Presentation (March 2023)
18 slides from Spartan Delta's investor presentation, Mar 28, 2023
Slide 1: Investor Presentation
INVESTOR PRESENTATION Spartan Delta Corp. (SDE: TSX) March 28, 2023
Slide 2: Strategic Repositioning Process Outcome
STRATEGIC REPOSITIONING PROCESS OUTCOME ▪ Spartan Delta Corp. ("Spartan" or the "Company") is pleased to announce the conclusion of its formal strategic repositioning process which was initiated by its board of directors on November 30, 2022 and has resulted in the following outcomes for its shareho
Slide 3: Outcome for Spartan Shareholders
OUTCOME FOR SPARTAN SHAREHOLDERS I) MONTNEY ASSET SALE II) LOGAN ENERGY CORP. (“LOGAN”) III) SPARTAN DELTA CORP. Spartan Shareholders receive a cash distribution Spartan Shareholders receive: Spartan Shareholders retain equity ownership in of $9.50 per common share of Spartan ▪ 1.0 common share of L
Slide 4: Montney Asset Sale
MONTNEY ASSET SALE Compelling Value to Spartan Shareholders That Accelerates and Crystalizes Value Transaction Overview ▪ On March 28, 2023, Spartan announced that it had entered into a definitive purchase and sale agreement for the sale of Gold Creek, Karr and Northern Alberta minor properties for
Slide 5: Strategic Milestones
STRATEGIC MILESTONES Spartan has Raised a Total of $537mm of Equity at an Average Price of $3.16 per share Execution of Acquisition and Integration Strategy Key Corporate Highlights Since Recapitalization(1) 1 Growth Through Targeted Acquisitions in a Depressed Market Debt Adjusted Production Per Sh
Slide 6: Go-Forward Business Plans
GO-FORWARD BUSINESS PLANS Spartan Delta Corp. and Logan Energy Corp. ▪ The creation of a growth vehicle with a differentiated but complementary strategy to Spartan's return-focused business plan will drive maximum returns to Spartan Shareholders, unlocking the true value of the Logan assets through
Slide 7: Spartan Delta Corp. Corporate Profile
SPARTAN DELTA CORP. Corporate Profile Key Corporate Highlights Deep Basin Area Map ▪ Led by Fotis Kalantzis (President and CEO) and certain CENOVUS SAND CREEK SDE O’CHIESE NEES-OHPAWAGANU’CK 10-09 existing executives • 75 MMcf/d (9.6% WI) • 230 MMcf/d Deep Cut (25% WI) Strategy ▪ Pure-play Deep Basi
Slide 8: Logan Energy Corp. Corporate Profile
LOGAN ENERGY CORP. Corporate Profile Key Corporate Highlights Montney Area Map ▪ Led by Rick McHardy (President and CEO) and Brendan Paton Pro Forma Assets (COO) and certain existing Spartan executives BC AB Logan Energy Corp. ▪ Pure-play Montney growth engine with initial production of Flatrock Mon
Slide 9: Appendix
APPENDIX DELTA CORP. ae G SPARTAN March 28, 2023
Slide 10: Analyst Coverage & Contact Information
ANALYST COVERAGE & CONTACT INFORMATION Institution Analyst EXECUTIVE OFFICE STOCK EXCHANGE LISTING ATB Capital Markets Patrick O’Rourke Spartan Delta Corp. The TSX Exchange 1500, 308 – 4th Avenue SW Trading Symbol: SDE Calgary, Alberta T2P 0H7 BMO Capital Markets Mike Murphy INVESTOR INFORMATION P:
Slide 11: Management Team & Board of Directors
MANAGEMENT TEAM & BOARD OF DIRECTORS MANAGEMENT TEAM Richard McHardy ➢ Former President, CEO and co-founder of Spartan Energy, Spartan Oil and Spartan Exploration Executive Chairman & Director Fotis Kalantzis ➢ Former SVP and co-founder of Spartan Energy, Spartan Oil and Spartan Exploration Presiden
Slide 12: Disclaimer
DISCLAIMER Forward Looking Statements. Certain information included in this presentation constitutes forward- Although Spartan believes that the expectations and assumptions on which such forward-looking looking information under applicable securities legislation. Forward looking information typical
Slide 13: Disclaimer Cont'd
DISCLAIMER CONT’D Oil and Gas Advisories applicable. Unbooked locations are internal estimates based on the prospective acreage and an BOE Disclosure. The term barrels of oil equivalent ("boe") may be misleading, particularly if used in assumption as to the number of wells that can be drilled per se
Slide 14: Disclaimer Cont'd
DISCLAIMER CONT’D “Adjusted Funds Flow” or “AFF” is reconciled to cash provided by operating activities excluding Share Capital. As of the date hereof, there are 171.4 million common shares outstanding. There are no changes in non-cash working capital, adding back transaction costs on acquisitions,
Slide 15: Auditor Price Deck Details (Spartan)
AUDITOR PRICE DECK DETAILS (SPARTAN) Three Consultant Average (McDaniel, GLJ and Sproule) January 1, 2023 3 Consultant Average (McDaniel, GLJ and Sproule) Summary of Price Forecasts Sunday, January 1, 2023 C rude O il P ric e F o re c a s t s Liquids P ric e F o re c a s t s G a s P ric e F o re c a
Slide 16: Auditor Price Deck Details (Logan)
AUDITOR PRICE DECK DETAILS (LOGAN) Strip Pricing as at March 1, 2023 FUTURE COMMODITY PRICE FORECAST WTI Cushing Edm Light Henry Hub AECO-C USD/CAD Oklahoma Crude oil US$/MMBtu Spot Exchange US$/bbl CA$/bbl CA$/GJ CA$/US$ 2023 75.90 100.12 3.27 2.79 0.736 2024 71.41 92.37 3.7 3.23 0.741 2025 67.32 8
Slide 17: Abbreviations
ABBREVIATIONS A&D Acquisitions and Dispositions AECO Alberta Energy Company "C" Meter Station of the NOVA Pipeline System API American Petroleum Institute gravity ARO Asset Retirement Obligations bbl; bbl/d Barrel; barrels per day bcf; bcf/d Billion cubic feet of natural gas; billion cubic feet per
Slide 18: Info@SpartanDeltaCorp.com www.SpartanDeltaCorp.com
Info@SpartanDeltaCorp.com www.SpartanDeltaCorp.com