Impact: Positive. Spartan continues to capitalize on the low in the commodity cycle further consolidating its land base in SE Saskatchewan, adding low decline production and bolstering its well inventory at attractive metrics. We expect the Company balance sheet will continue to screen as flexible with ~$100 mm forecast to be drawn on its recently renewed and unchanged $150 mm credit facility following these transactions.

29 Jun 2016
ANNOUNCES TWO CONSOLIDATING SE SASKATCHEWAN ACQUISITIONS, RENEWS BANK LINE AT $150 MM

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ANNOUNCES TWO CONSOLIDATING SE SASKATCHEWAN ACQUISITIONS, RENEWS BANK LINE AT $150 MM
Sopheon plc (SPE:LON) | 915 0 0.0% | Mkt Cap: 97.4m
- Published:
29 Jun 2016 -
Author:
Cody R. Kwong -
Pages:
3 -
Impact: Positive. Spartan continues to capitalize on the low in the commodity cycle further consolidating its land base in SE Saskatchewan, adding low decline production and bolstering its well inventory at attractive metrics. We expect the Company balance sheet will continue to screen as flexible with ~$100 mm forecast to be drawn on its recently renewed and unchanged $150 mm credit facility following these transactions.