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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
Post by Jentaion Dec 04, 2014 12:55pm
177 Views
Post# 23195594

JRI ( a few spelling corrrections)

JRI ( a few spelling corrrections)I am not very pleased with the situation either but I am more than willing to wait longer. Please keep two things in mind: 1) At this point, SMI do not need JRI  2) if JRI cannot meet ALL their obligations toward SMI, they are out. My own feeling and my wish, I hope they will be out. JRI is in deep s....  My understanding, they attempted, under their previous moniker, to raise 100 million dollars in a PP. Considering the current oil and gas market, they failed miserably and ended up with huge legal fees (the rumor is nearly $5 million dollar). I would like to add that Stan knows what he is doing and he is not in the business to see the shares raised from $0.15 to $0.30. A 10-20 baggers will start to look good. IF THEY HIT, at such a shallow depth their producing cost would be around $20.00 a barrel, quite a bargain even in this market. Currently the JRI partnership is the last of my concern. Especially since we have the data from the seismic. The ongoing down trend in the price of a BOO, does not make the entire sector very attractive for investors. This is still a speculative stock. The prospective payout to patient investors is huge...but not as huge if the price of oil was $150 a barrel. I do not expect any turn around for SMI until the first quarter. December is usually, the DUMP MONTH, upward movement is very unlikely in the next thirty days. My advice: if you believe in this company stick around for a little bit longer (up to six months), if not get out.  I hope that 2015 will be a great year for us. I wish all of you a very happy one!

Bullboard Posts