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 > My take...

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Comment by Theconsortmanon Jun 08, 2021 11:37am

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Post# 33347820

RE:RE:RE:RE:RE:My take...

Well according to the company which just sold it, not very much. The bill to clean up and reclaim this ( ARO) is lots. This deal may work if oil price continues to march higher and stays there. That being said they did the deal with debt so if things go sideways the shareholder is in line behind:

The government (ARO)
The debt holders (secured)
Shareholder.

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