Saturn Oil & Gas Inc.

SASKATOON, Saskatchewan, June 07, 2018 -- Saturn Oil & Gas Inc. is pleased to announce that, subject to the approval of the TSX venture Exchange, it has closed the first tranche of a non-brokered financing which, with the consent of Canaccord Genuity Corp., will form part of the $3,500,000 brokered offering announced on May 14, 2018. The Company issued 11,198,500 units at a price of $0.12 per Unit for gross proceeds of [...]

SASKATOON, Saskatchewan , June 05, 2018 -- Saturn Oil & Gas Inc. is pleased to announce that effective June 1st, 2018, Mr. Christopher Ryan has been appointed to the Board of Directors and Mr. Geoff Jones has been appointed as VP of Finance for Saturn. Mr. Ryan is the Director of Midstream for Tundra Energy Marketing Ltd. . Prior to that, he was the Director of Operation Services for TEML and Exploitation Engineer with [...]

SASKATOON, Saskatchewan, May 14, 2018 -- Saturn Oil & Gas Inc. is pleased to announce that it has engaged Canaccord Genuity Corp. to act as the lead on a commercially reasonable efforts basis, brokered private placement of a minimum 29,166,667 common share units at a price of $0.12 per Unit, for a minimum gross proceeds of approximately $3,500,000 and up to a maximum gross proceeds of approximately $5,000,000 . Each Unit [...]

SASKATOON, Saskatchewan, April 24, 2018 -- Saturn Oil & Gas Inc. is pleased to announce that the Company has successfully acquired two additional sections of land in the Flaxcombe area. This brings the Company’s total land holdings to 17.0 gross sections of land in west-central Saskatchewan. The two sections acquired were Crown land purchased from a major producer in the Flaxcombe area. The two sections are [...]

SASKATOON, Saskatchewan, April 19, 2018 -- Saturn Oil & Gas Inc. is pleased to announce that the Company was successful bidder on two sections of land in the recent Saskatchewan Crown land sale. This brings the Company's total land holding to 15.0 gross sections . The Company has also closed a Pooling Agreement with a major Viking producer to develop its Whiteside property. The two sections acquired in the land sale were [...]

SASKATOON, Saskatchewan, April 06, 2018 -- Saturn Oil & Gas Inc. is pleased to provide initial 30-day production results for two of the three recently completed Viking horizontals in the Flaxcombe area. The Company would also like to announce that it has entered into a secured Financing Facility Agreement with UOG-BC Holdings Ltd., an affiliate of RC Morris & Company Special Opportunities Fund III Limited Partnership [...]

SASKATOON, Saskatchewan, Feb. 21, 2018 -- Saturn Oil & Gas Inc. is pleased to provide an update on the two initial Viking horizontal wells drilled in December 2017. Additionally, the Company is pleased to provide an update on its drill program and land acquisition in the recent Crown land sale. Further to Saturn’s press release dated January 11, 2018, the Company’s two initial Viking horizontal wells have [...]

SASKATOON, Saskatchewan, Feb. 09, 2018 -- Saturn Oil + Gas Inc. would like to provide an update on the Company's recent land acquisition and Q1/2018 drill program. Saturn has closed its land acquisition with Whitecap Resources Inc. The Company has acquired one section of land with rights from base Colorado to base Mannville. The acquired section is adjacent to Saturn’s existing land holdings and the Company has [...]

SASKATOON, Saskatchewan , Jan. 11, 2018 -- Saturn Oil & Gas Inc. is pleased to provide initial 30-day production rates for its two recent Viking horizontal wells , as previously disclosed in the December 19, 2017 press release. Over the first 30 days of production, the 101/9-31 well cumulatively produced 3,529 bbls of 36° API light oil or an average of 118 bbls/d. The well continues to flow and pump with rates over [...]

Saturn Oil & Gas Inc. is pleased to announce that it has successfully drilled, completed and brought on-line its first two Viking horizontal wells in the Flaxcombe area. The 101/9-31 well was drilled to a measured depth of 1,497 meters and completed with 24 stage closable sleeves. All 24 stages were successfully completed and the well was brought on-line on December 8th. Over the first ten days of production, the well [...]