Post by
BigSchlick on Aug 15, 2023 8:32pm
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)
Comment by
BigSchlick on Aug 16, 2023 8:57pm
** webcast was shortened, around 12 minute mark the quality of the Spearfish formation is explained **