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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 TheJakeMooreon Sep 19, 2018 2:25pm
95 Views
Post# 28649021

RE:RE:Coles Notes for Today’s news

RE:RE:Coles Notes for Today’s newsMontNay if you read the investor presentation is says Viking wells are for stable growth. Success wells are for unforeseen growth. 

This tells me the Viking wells are doing very well. You may be right about the Success wells.  Are they not going after Heavy’s with the success? So technically isn’t it better if they hit a boomer well with the light oil?? But the company has sort of managed expectations already with the Success wells in that they are higher risk. 

According to the investor presentation some of the ground had light oil wells contiguous to our claims producing in excess of 220 bbl. as a result of the decline rates on these wells it makes sense to do a 2 month test to see if abnormal flows remained consistent. By abnormal flows I mean 200+ bbl’s+ Wells and the potential we may have more than one of them. 

I am not too worried about the success wells. It’s the light oil I really care about and rumour has it we hit a lot of that stuff!!!
Bullboard Posts