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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 bullsnipon Jun 16, 2013 5:02pm
126 Views
Post# 21530667

RE; Cost Per Foot

RE; Cost Per Foot

The best guess i can get from google, is $600 pf. So if they want to drill four holes @ 1000ft. depth, they would need fianancing of around $2.5mil. They also make mention of drilling one deep hole, maybe 3000ft.? Hard to make an educated guess with the limited info that SMI gives us,  somewhere in the $4- $5 mil. range needed to get this program rolling. I don't pretend to be knowledgeable on this,  just trying to make a little sense of what is required, money wise to get this off the ground. I hope someone out there who does have some info, will share it with this board.

Bullboard Posts