04:27:25 EDT Tue 19 Mar 2024
Enter Symbol
or Name
USA
CA



Saturn Oil & Gas Inc
Symbol SMI
Shares Issued 158,162,163
Close 2018-04-24 C$ 0.155
Market Cap C$ 24,515,135
Recent Sedar Documents

Saturn Oil increases Sask. holdings to 17 sections

2018-04-24 10:22 ET - News Release

Mr. John Jeffrey reports

SATURN OIL & GAS INC. CONTINUES TO GROW LAND POSITION IN FLAXCOMBE AREA

Saturn Oil & Gas Inc. has successfully acquired two additional sections of land in the Flaxcombe area. This brings the company's total landholdings to 17.0 gross sections (12.5 net) 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 contiguous and adjacent to Saturn's existing sections with rights from surface to base Mannville group. Saturn's technical team has identified a number of drill locations through 3-D seismic and petrophysical logs that target the Success formation. The company has licensed one horizontal and one vertical Success well on the new sections and intends to drill them in third quarter 2018.

"We have put a lot of focus on our development plan for the Success formation. We see the increase in drilling activity of the Success formation and have ensured the land position we hold will build a sustainable inventory of horizontal drill locations. Saturn is excited to drill its first Success horizontal in the Flaxcombe area," stated Justin Kaufmann, vice-president of exploration with the company.

About Saturn Oil & Gas Inc.

Saturn Oil & Gas is a public energy company focused on the acquisition and development of undervalued, low-risk assets. Saturn is driven to build a strong portfolio of cash flowing assets with strategic land positions. Derisked assets and calculated execution will allow Saturn to achieve growth in reserves and production through retained earnings. Saturn's portfolio will become its key to growth and provide long-term stability to shareholders.

We seek Safe Harbor.

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