SASKATOON, Saskatchewan, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”)
(TSX.V: SOIL) (FSE: SMK) is pleased to announce that the Company commenced its Q1/2019 drill program (the “Program”) on January
14th, 2019. The Program consists of ten extended reach horizontal Viking wells spread over its Milton, Kerrobert and
Prairiedale lands.
The Company is currently drilling the fifth well in the program with the first four wells successfully drilled.
Completion operations has commenced with the first two wells successfully completed and brought online. Drilling and completion
operations are expected to run through to March 2019, with the intended goal of having all ten wells online and producing prior to
Q2/2019.
To learn more about Saturn Oil & Gas Inc., please visit www.saturnoil.com.
About Saturn Oil & Gas Inc.
Saturn Oil & Gas Inc. (TSX.V: SOIL) (FSE: SMK) is a public energy Company focused on the acquisition and
development of undervalued, low risk assets. Saturn is driven to build a strong portfolio of cash flowing assets with strategic
land positions. De-risked assets and calculated execution will allow Saturn to achieve growth in reserves & production through
retained earnings. Saturn's portfolio will become its key to growth and provide long-term stability to shareholders.
Investor & Media Contact:
Saturn Oil & Gas Inc.
John Jeffrey, MBA - CEO & Chairman
Tel: (306) 955-9946
www.saturnoil.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this release include statements which contain words such as "anticipate",
"could", "should", "expect", "seek", "may", "intend", "likely", "will", "believe" and similar expressions, relating to matters that
are not historical facts, and such statements of our beliefs, intentions and expectations about development, results and events
which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable Canadian
securities legislation and are based on certain assumptions and analysis made by us derived from our experience and perceptions.
Forward-looking information in this release includes, but is not limited to: expected cash flow provided by continuing operations;
future capital expenditures, including the amount and nature thereof; oil and natural gas prices and demand; expansion and other
development trends of the oil and gas industry; business strategy and outlook; expansion and growth of our business and operations;
and maintenance of existing customer, supplier and partner relationships; supply channels; accounting policies; credit risks; and
other such matters.
All such forward-looking information is based on certain assumptions and analyses made by us in light of our
experience and perception of historical trends, current conditions and expected future developments, as well as other factors we
believe are appropriate in the circumstances. The risks, uncertainties, and assumptions are difficult to predict and may affect
operations, and may include, without limitation: foreign exchange fluctuations; equipment and labour shortages and inflationary
costs; general economic conditions; industry conditions; changes in applicable environmental, taxation and other laws and
regulations as well as how such laws and regulations are interpreted and enforced; the ability of oil and natural gas companies to
raise capital; the effect of weather conditions on operations and facilities; the existence of operating risks; volatility of oil
and natural gas prices; oil and gas product supply and demand; risks inherent in the ability to generate sufficient cash flow from
operations to meet current and future obligations; increased competition; stock market volatility; opportunities available to or
pursued by us; and other factors, many of which are beyond our control.
Actual results, performance or achievements could differ materially from those expressed in, or implied by, this
forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking
information will transpire or occur, or if any of them do, what benefits will be derived there from. Except as required by law,
Saturn disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise.
The forward-looking information contained herein is expressly qualified by this cautionary
statement.
