Saturn Oil & Gas Inc. T.SOIL

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

Energy Oil & Gas E&P

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.

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Saturn Oil & Gas Inc. > Are the Oxbow area assets any good?

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Comment by Theconsortmanon Jun 11, 2021 4:13pm

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Post# 33373930

RE:RE:RE:RE:RE:Are the Oxbow area assets any good?

It was. The Viking play they were in was at a dead end and they were fully drawn on their credit. They had two options: 1) Give up and put it up for sale in a buyers market and receive a few pennies per share OR Buy a new shiny toy, promote the heck out of it and hope for really oil price. They chose door #2.

The property they bought has a $250 MM ARO. Do you understand what that means?

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