Saturn Oil & Gas Inc.

Saturn Oil & Gas Inc. is pleased to announce that, further to the Company's January 20, 2023 press release, it has closed its previously announced bought deal offering . Pursuant to the Bought Deal Offering, the Company issued a total of 59,242,000 subscription receipts at a price of $2.11 per Subscription Receipt for gross proceeds of $125,000,620. The Bought Deal Offering was completed by way of a prospectus supplement [...]

Transformational $525 million1 corporate acquisition expands Saturn's pro forma production by approximately 140%, on closing, to ~30,000 boe/d2 of sustainable, light oil focused, high netback production. The Ridgeback Acquisition, comprised of 17,000 boe/d 3, with a proved developed producing reserve value of $915 million4, forecasted 12-month Net Operating Income3/ Operating Free Funds Flow3 of $311 million / $228 [...]

Saturn Oil & Gas Inc. is pleased to report its financial and operating results for the three and nine months ended September 30, 2022. "The third quarter of 2022 is the first reporting period reflecting the highly positive impact of the Viking acquisition, closed on July 6, 2022, in terms of increased netbacks and additional production, resulting in record corporate cash flow," commented John Jeffrey, Chief Executive [...]

Saturn Oil & Gas Inc. is pleased to announce that it has qualified to trade on the OTCQX® Best Market, and Kevin Smith, Saturn's Vice President Corporate Development will be presenting a webcast at the International Investment Forum on September 27, 2022. OTCQX Upgrade Saturn begins trading today on OTCQX under the symbol "OILSF." The Company upgraded to OTCQX from the Pink® market. U.S. investors can find current [...]

Saturn Oil & Gas Inc. is pleased to provide results to date from its 2022 drilling program, its new re-drill program to enhance production of existing low to non-producing horizontal wells, and the results of the annual general and special meeting of shareholders. The 2022 drilling program has been focused on Saturn's two operational areas, the Oxbow Asset in Southeast Saskatchewan, and the Viking Asset in West-central [...]

Saturn has tied-in nine horizontal wells drilled since spring break up increasing production to 12,000 boe/d[1] $8 million of environmental remediation expenditures have been deployed of total 2022 budget of $14 million[2] Dr. Thomas Gutschlag and Mr. Grant MacKenzie are new nominees for election to the board of directors Saturn Oil & Gas Inc. is committed to leading environment, social and governance policies and procedures in [...]

The Power Play by The Market Herald has announced the release of a new interview with Saturn Oil & Gas on their latest news. The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives. Saturn Oil & Gas sees record quarterly cash flow Saturn Oil & Gas released its financial [...]

Saturn Oil & Gas Inc. is pleased to report its financial and operating results for the three and six months ended June 30, 2022. "Saturn's high quality, light oil production base was complimented in the second quarter of 2022 with exceptionally strong global oil prices which produced a record cash flow," commented John Jeffrey, Chief Executive of Saturn. "Saturn's focus on enhancing the Company's oil production [...]

Closed Viking Acquisition of approximately 4,000 boe/d resulting in current pro forma Company production of approximately 11,400 boe/d Initiated 140 well drilling program targeting average production by Q4 2023 between 13,950 to 14,550 boe/d, for implied growth in the range of 22% to 28% over current production levels Directing approximately 50% of future cash flow to rapid debt reduction with expected net debt decreased [...]

Saturn Oil & Gas Inc. is pleased to announce that, further to the Company's May 31, 2022 press release, it has closed its previously announced bought deal offering of subscription receipts, including full exercise of the over-allotment option . Pursuant to the Bought Deal Offering, the Company issued a total of 27,181,860 subscription receipts at a price of $2.75 per Subscription Receipt for gross proceeds of $74,750,115 [...]