SASKATOON, Saskatchewan, July 16, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) is pleased to announce that it has commenced drilling operations for its Q3/2018 horizontal drill program.
Saturn’s Q3/2018 five (5) well program will consist of one (1) Success horizontal well in the Milton field, one (1) Viking extended reach horizontal well in the Kerrobert field, one (1) Viking extended reach horizontal well in the Prairiedale field, one (1) Viking half-mile horizontal well in the Flaxcombe field and one (1) Viking extended reach horizontal well at its 50% working interest Lucky Hills asset.
The Company anticipates drilling operations to be completed before the end of July and will be immediately completing the wells to be brought on-line in August 2018.
“Our team has been preparing for this program for several months. We have designed these wells to prove production at each of our major fields and lead way to a large development program for Q4/2018 and Q1/2019. These wells will be the foundation for Saturn to exit 2018 with a production rate in excess of 1,000 barrels of oil per day,” stated Scott Newman, Chief Operating Officer at Saturn Oil & Gas Inc.