Saturn Oil & Gas Inc T.SOIL

Alternate Symbol(s): OILSF | T.SOIL.WT.A

Energy Oil & Gas E&P

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.

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Saturn Oil & Gas Inc > new acquisition

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Comment by ThatAlbertaGuyon May 17, 2021 9:00pm

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Post# 33219077

RE:new acquisition

on their release it seems everything is related to may 2021 contracts (so a little lower then prices we are seeing now and I'm with you oil is only getting higher )

therefore I am of the position this was a fantastic deal

I am pretty sure they bought these wells from crescent point but am still fishing through the rumor mill to see if it's true.

tankumo wrote: I am new here, I do own IFR but looking into SOIL now.

So the new acquistion will bump production to 7500 boed, 12% declining rate, they said debt will be paid off in 2 years, assuming oil at what price?

I think we can see over $80 oil but does anyone here think the acquisition price is too low, too high....etc?

Thanks.