Record 2024 exit volumes of 41,908 boe/d and Q4/24 production of 41,051 boe/d Adjusted Funds Flow of $2.10/share or $380.1 million in 2024 and $0.64/share or $129.2 million in Q4/24 39% current free funds flow yield based on $133.8 million of free funds flow generated in 2024 $5.56/share of net asset value on a proved developed producing reserves basis Repurchased a total of 6.7 million shares to date through NCIB [...]
Saturn Oil & Gas Inc. , a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, confirms that the Company intends to report our Q4 and full year 2024 financial results, along with our year end 2024 independent reserves evaluation in accordance with National Instrument 51-101, on Thursday, March 13, 2025 after market close. A conference call and webcast will [...]
Estimated Q4/24 volumes above 41,000 boe/d represents a new corporate record for Saturn Efficient capital program, continued type curve outperformance and production optimization drove volumes Robust hedges on oil prices, differentials and foreign exchange rates help mitigate current market volatility Saturn Oil & Gas Inc. , a light oil-weighted producer focused on unlocking value through the development of our assets in [...]
Saturn Oil & Gas Inc. , a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, today announces that, effective January 1, 2025, the Company completed a vertical short-form amalgamation with its wholly-owned subsidiary, Saturn Holdings SK Ltd. . Additionally, on January 3, 2025, the Company completed a continuance out of the jurisdiction of Saskatchewan under [...]
Saturn Oil & Gas Inc. , a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, is pleased to provide our 2025 development capital budget and annual guidance, along with an operational update and Saturn's outlook for the next three years. "Our development capital expenditures budget of $300 to $320 million is targeting stable production averaging [...]
Saturn Oil & Gas Inc. , a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, is pleased to report our financial and operating results for the three and nine months ended September 30, 2024. Saturn's Financial Statements, as well as Management's Discussion and Analysis are available on our website and filed on SEDAR+ at sedarplus.ca. "Saturn delivered [...]
Saturn Oil & Gas Inc. , a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, confirms that the Company intends to report our third quarter 2024 financial and operating results on Tuesday, November 5, 2024, after markets close. A conference call and webcast will be held on Wednesday, November 6, 2024, at 8:00 a.m. MT for interested investors, analysts [...]
Saturn Oil & Gas Inc. is pleased to announce that the Company placed number four on the 2024 Report on Business ranking of Canada's Top Growing Companies, with three-year revenue growth of over 9,200%. The Company also earned the distinction of being the fastest-growing oil and gas company on the list for the second year in a row. "With a team and strategy designed to challenge the status quo and disrupt traditional [...]
Saturn Oil & Gas Inc. is pleased to announce that Saturn has received acceptance from the Toronto Stock Exchange in respect of its intention to make a normal course issuer bid to purchase and cancel up to 11,306,825 of its outstanding common shares during the one-year period from August 27, 2024 to August 26, 2025 . The Board of Directors of the Company has authorized the NCIB because it believes that it is in the best [...]
Saturn Oil & Gas Inc. is pleased to report its financial and operating results for the three and six months ended June 30, 2024. "Saturn's capital structure changes implemented in Q2 2024, in conjunction with a major acquisition, will serve as an inflection point in establishing the Company as a leading independent growing energy producer in Western Canada." commented John Jeffrey, Chief Executive Officer of Saturn. "In [...]
TORONTO, June 17, 2024 /CNW/ - The following issues have been halted by CIRO: Company: Saturn Oil & Gas Inc. TSX Symbol: SOIL.R All Issues: No Reason: Pending Delisting Halt Time : 08:07 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which [...]
Saturn Oil & Gas Inc. today announced the completion of the previously announced acquisition of oil-weighted assets in Southern Saskatchewan . The net cash purchase price of the Acquisition was funded by proceeds of the recently closed 9.625% high yield note offering, together with the proceeds of the recently closed $100 million bought deal subscription receipt financing. In addition, the Company has repaid and retired [...]