Stocks in play: Spartan Delta Corp.
Has entered into a definitive purchase and sale agreement with Crescent Point Energy Corp. which provides for the sale of the Company's Gold Creek and Karr Montney assets for cash consideration of $1.7 billion, subject to customary adjustments as provided for in the Agreement. Spartan will transfer 4,000 BOE/d1 of production in the Pouce Coupe and Simonette areas of north-west Alberta, 500 BOE/d2 of legacy north-east British Columbia production and 55,769 net undeveloped acres in the Flatrock area of north-east British Columbia to "Logan Energy Corp.", a newly-formed subsidiary of Spartan. Spartan Delta Corp. shares T.SDE are trading up $0.72 at $14.51.
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