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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 BigSchlickon Aug 15, 2023 8:32pm
502 Views
Post# 35590151

Spearfish formation $$$

Spearfish formation $$$Around the 26:45 mark of the 2nd quarter webcast available on Saturn's website (under events) the Chief Development Officer Justin Kaufmann states that the group of 6 wells drilled in the Spearfish formation are the best as a company thus far! They're pumped to deliver the IP30 rates to shareholders once available. Also in the webcast management states that a second rig is coming to drill in the southeast Saskatchewan assets. Now I may not be a genius but a second rig is coming to the Oxbow, this is where the Spearfish formation is located which is where the best 6 wells drilled as a company are. This sounds like a formula for success. The wells initial production rates to come out early September and the Oxbow was already a golden egg! 
( my bad for stating q2 would be released Aug 9, took a few extra days but good things come with patience) 
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