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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

Post by kavern23on Jan 23, 2023 11:17pm
412 Views
Post# 35241438

Ridge

RidgeDoes anyone know who got Ridgeback's charlie lake stuff...no mention of it in press release....

Bizarre deal.  I surprised Saturn didnt partner and sell the alberta stuff...especially the cardium and deer mountain stuff.

Obviously a cheap price they paid. But also isnt many bidders as Ridgeback owned a really bizarre portfolio...I think Ridgeback was worth more split into pieces.

Positive thing is isnt much flush production if charlie lake stuff is not in.  Decline rate should be low on legacy stuff.

Wouldnt shock me too see Saturn unload either Cardium or Deer Lake by next year.
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