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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 Dec 05, 2018 10:19am
121 Views
Post# 29067777

RE:RE:RE:RE:RE:RE:News from Field

RE:RE:RE:RE:RE:RE:News from FieldThey had to have produced 1000 bbls per day.....otherwise fraud.  I dont think so.  The 1000 bbl per day number was released on Nov 19th.  There really wasnt any detail to say the 30 day average or many of the typical news release on production numbers so my guess is that they hit 1000 bbls per day a few days earlier to make it the truth and then release the numbers.  The Viking comes on strong and quickly drops.  Maintaining any kind of production number means a whole bunch of drilling.  But the good news is this is what they are doing but the bad news is they had to get some pretty rough financing to do it.  Yes I do agree that 0.21 cents is rich for this company but your post of their imminent demise is not true and you could not possibly know that.  I am not knowing the inside workings of this company but I do know companies like this and they are doing reasonable in a tough market.  My guess is they will make their promised production number even if it is short lived.
Bullboard Posts