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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 resource company. The Company is engaged in the business of acquisition, exploration and development of petroleum and natural gas resource deposits in Western Canada. It focuses on advancing the exploration and development of its oil and gas properties in Alberta and Saskatchewan. It also focuses on the development of light oil weighted assets in Saskatchewan. Its portfolio includes Southeast Saskatchewan, West Central Saskatchewan, Central Alberta, and North Albert. The core producing properties in Southeast Saskatchewan include its Oxbow assets, which are concentrated within the Mississippian-aged, Midale and Frobisher oil formations and the Bakken assets concentrated in the Bakken formation of Southeast Saskatchewan. The core producing properties in West Central Saskatchewan consist of its Viking assets. The core producing properties in Central Alberta consist of its Cardium assets.


TSX:SOIL - Post by User

Bullboard Posts
Comment by mindseye1on Jul 01, 2008 10:56pm
208 Views
Post# 15248513

RE: Order

RE: OrderSMI did stake starting April 28 as clearly stated in their NR.   The problem I have with WGF is they never had a specific date, they only said "April" in their news release.  Here is the quote:

"Wescan Goldfields Inc. (WGF: TSX-V) ("Wescan") is pleased to announcethat it has applied for an extensive package of coal dispositions inthe east central area of Saskatchewan. Coal permit applicationscovering approximately 240,000 hectares were submitted in April, inaccordance with the Coal Disposition Act of Saskatchewan, immediatelyfollowing the announcement of a significant coal discovery in thatregion"

I find it odd they didnt give  a date and almost a bit careless.  I"m not bashing WGF as clearly they received a comfort letter on May 27th and perhaps were first.  I just like the management style of SMI, very professional.  I think SMI has more upside at this price where as WGF perhaps has a lot of the permit acceptance priced in??? not sure.

I remember reading somewhere that SMI was first to stake land, I just can't remember where I saw that, perhaps it was just BB speculation.  If anyone knows, please advise.

Hope everyone had a good Canada Day.
Bullboard Posts