Saturn Oil & Gas Inc.

Saturn Oil & Gas Inc. today announced its financial and operating results for the three and six month period ended June 30, 2019. The Company’s unaudited interim financial statements and corresponding Management’s Discussion and Analysis for the three and six month period ended June 30, 2019, are available on SEDAR at www.sedar.com and on Saturn’s website at www.saturnoil.com. Copies of the materials can [...]

Saturn Oil & Gas Inc. is pleased to confirm the commencement of its second half 2019 drilling program, an option grant and that an updated corporate presentation has been posted to its website. Second Half 2019 Drilling Program The Company is pleased to confirm that it has commenced its second half 2019 drilling program focused on increasing production and reserves from the Viking light oil play in west-central [...]

Saturn Oil & Gas Inc. announced that at its annual general and special meeting of shareholders held on June 14, 2019, a total of 30,891,883 shares, representing 13.2% of common shares outstanding, were represented in person or by proxy. Shareholders were asked to vote on a number of resolutions listed in the Management Information Circular dated May 14, 2019, including the election of each of the six nominees proposed as [...]

Saturn Oil & Gas Inc. today announced its financial and operating results for the three month period ended March 31, 2019. The Company’s unaudited interim financial statements and corresponding Management’s Discussion and Analysis for the three month period ended March 31, 2019, are available on SEDAR at www.sedar.com and on Saturn’s website at www.saturnoil.com. Copies of the materials can also be [...]

Saturn Oil & Gas Inc. is pleased to announce the results of our independent 2018 year-end reserves evaluation conducted by Ryder Scott Company, LP with an effective date of December 31, 2018 . Throughout 2018, Saturn continued to execute our aggressive growth strategy focused within the prolific and highly economic Viking play in Saskatchewan. Our 2018 capital expenditures program totaled $20.7 million and was directed to [...]

Saturn Oil & Gas Inc. is pleased to announce finishing successfully the drilling, completion, equip and tie-in of its nine wells in Q1 2019. Saturn has achieved an average production rate in March 2019 of over 1,100 bbl/d with all twenty-nine wells producing by March 25th. The Q1 2019 peak production rate was over 1,400 bbl/day. The Company forecasts its Q2 2019 production volumes will average over 950 bbl/d. Based on [...]

Saturn Oil & Gas Inc. is pleased to provide an operational update, including details of the Company’s Q1/19 capital budget and drilling program , along with forecast average production volumes for the quarter. Capital Budget & Production Guidance for Q1 2019 Saturn’s Q1 2019 capital expenditure budget anticipates investing approximately $10 million, to be allocated to drilling, completion, equip and tie-in of [...]

Saturn Oil & Gas Inc. is pleased to announce that the Company commenced its Q1/2019 drill program on January 14th, 2019. The Program consists of ten extended reach horizontal Viking wells spread over its Milton, Kerrobert and Prairiedale lands. The Company is currently drilling the fifth well in the program with the first four wells successfully drilled. Completion operations has commenced with the first two wells [...]

Not for distribution to United States newswire services or for dissemination in the United States. Saturn Oil & Gas Inc. is pleased to announce that the Company was the top purchaser of acreage in the Kindersley-Kerrobert area at the recent Crown land sale on December 4th, 2018. The Company spent $640,583 to acquire 7 lease parcels totaling 4 10/16 sections, bringing Saturn’s total land position to 40 5/16 sections [...]

Saturn Oil & Gas Inc. is pleased to announce that with the success of the recent drill program the Company has achieved a production rate of 1,000 bbls/d. Additionally, the Company has commenced drilling its Q4 of 2018 Viking horizontal program. Saturn currently has 16 gross producing Viking horizontal wells and anticipates drilling 18 additional 100% working interest Viking horizontal wells through Q4 of 2018 and Q1 of [...]