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Saturn Oil & Gas Inc. T.SOIL

Alternate Symbol(s):  OILSF | T.SOIL.WT.A

Saturn Oil & Gas Inc. is a Canada-based energy company. The Company’s focus is to advance the exploration and development of its oil and gas properties in Alberta and Saskatchewan. It has assembled a portfolio of assets in Southeastern Saskatchewan, West Central Saskatchewan and Central/Northern Alberta that provide an inventory of economic drilling opportunities across multiple zones. The Company's producing properties in Southeast Saskatchewan includes Oxbow assets, which are geologically concentrated within the Mississippian-aged, Midale and Frobisher oil formations and the Bakken assets concentrated in the Bakken formation of Southeast Saskatchewan. The producing properties in West Central Saskatchewan consist of Viking assets. The producing properties in Central Alberta consist of Cardium assets. The producing properties in North Alberta consist of assets located in the Kaybob and Deer Mountain areas of Alberta.


TSX:SOIL - Post by User

Bullboard Posts
Comment by Kaybobon Aug 18, 2018 4:40pm
81 Views
Post# 28482655

RE:RE:RE:RE:The big well

RE:RE:RE:RE:The big welloh yes if it was a 1500 bbl per day well in the Viking....but its not cause that is impossible.  The Viking is pounded with 10s of thousands of wells.  There are no 1500 bbl per day wells to be found in this extremely mature field even with good success with a new technology. 

The other things at play is a real good land base with a good plan to get to 1000 or 1200 bbls per day by the end of the year.  Reasonable locations with at or above curve well results give a decent outlook.  Honestly the rumor of a 1500 bbl per day well once it becomes obvious that it is not real might hurt the momentum.  So I dont like that kind of stuff.  

VLE was a well drilled into a Turkish basin with little or no drilling under great pressure.  I dont know the play exactly but there was literally 6 wells drilled into that basin with no success so the VLE discovery was the first successful well into virgin virgin formation.

So I am with you on the virtues of Saturn....we are playing on the same team here.
Bullboard Posts