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 > Record Production Levels in Q1 2022 Results

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Post by Betteryear2on May 05, 2022 8:33pm

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Post# 34660745

Record Production Levels in Q1 2022 Results

Calgary, Alberta--(Newsfile Corp. - May 5, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three months ended March 31, 2022.

"The first quarter of 2022 was another record period for production for Saturn, generating $16.3 million in EBITDA(1)," commented John Jeffrey, Saturn's CEO. "With March 2022 production reaching 7,600 boe/d, Saturn is on pace to meet or exceed the guidance of production averaging 7,800 to 8,200 boe/d for 2022."

Saturn Oil & Gas Inc. Reports Record Production Levels in Q1 2022 Results

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