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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 Kaybobon Mar 20, 2016 11:45am
86 Views
Post# 24680667

RE:RE:RE:Definitions Part 2

RE:RE:RE:Definitions Part 2Haha.  If the report from the rig is "wet" it is a terrible report.  If you got the report from a credible source then you can not spin that in a good way......

Day 1 of swab you can expect water...the drilling process introduces some water.
Day 2  First swab must contain oil as the overnight time allows the oil to go to the top.  It will get a bit wetter on the next swabs but the well must start to convert to a big oil cut for success.

It only takes 2 days to really know what you have in a vertical well.  If the report is wet then bad bad bad.
Bullboard Posts