Spartan Exploration Ltd.

Spartan Exploration Ltd.

February 05, 2010 08:50 ET

Spartan Exploration Ltd. Clarifies February 5, 2010 Press Release

CALGARY, ALBERTA--(Marketwire - Feb. 5, 2010) - Spartan Exploration Ltd. ("Spartan" or the "Company") (TSX:SPE), announces that its press release issued on February 4, 2010 incorrectly stated that the Company was budgeting to exit 2010 with debt of approximately $4.7 million. The press release should have stated that the Company is budgeting to exit 2010 with debt of approximately $7.4 million.

Spartan, based in Calgary, Alberta, has been engaged in the business of acquiring crude oil and natural gas properties and exploring for, developing and producing oil and natural gas in western Canada since mid 2008. Spartan is uniquely positioned with a significant position in three leading oil resource plays in western Canada, being the Bakken light oil resource play in southeast Saskatchewan, the Lower Shaunavon medium gravity oil resource play in southwest Saskatchewan and the Cardium light oil play in central Alberta.

Contact Information

  • Spartan Exploration Ltd.
    Richard F. McHardy
    President & CEO
    (403) 294-9196
    (403) 294-9126 (FAX)
    Spartan Exploration Ltd.
    1000, 606 - 4th Street SW
    Calgary, Alberta