Saturn Oil & Gas Inc.

Recent News

  • Saturn Oil & Gas Inc. Announces OTCQX Trading and Participation in the International Investment Forum

    Calgary, Alberta--(Newsfile Corp. - September 22, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that it has qualified to trade on the OTCQX® Best Market, and Kevin Smith, Saturn's Vice President Corporate Development will be presenting a webcast at the International Investment Forum on September 27, 2022.OTCQX UpgradeSaturn begins trading today on OTCQX under the symbol "OILSF." The Company upgraded to OTCQX from the Pink® market. ...

    2022-09-22 8:30 AM EDT
  • Saturn Oil & Gas Inc. Announces Successful Drilling Results and AGM Voting

    Calgary, Alberta--(Newsfile Corp. - September 19, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to provide results to date from its 2022 drilling program, its new re-drill program to enhance production of existing low to non-producing horizontal wells, and the results of the annual general and special meeting of shareholders. The 2022 drilling program has been focused on Saturn's two operational areas, the Oxbow Asset in Southeast Saskatchewan, and...

    2022-09-19 8:30 AM EDT
  • Saturn Oil & Gas Inc. Announces Milestone of 12,000 boe/d of Production, Progress of Land Reclamation Program, and Board Nominations

    Saturn has tied-in nine horizontal wells drilled since spring break up increasing production to 12,000 boe/d[1]$8 million of environmental remediation expenditures have been deployed of total 2022 budget of $14 million[2]Dr. Thomas Gutschlag and Mr. Grant MacKenzie are new nominees for election to the board of directorsCalgary, Alberta--(Newsfile Corp. - September 7, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is committed to leading environment, social and governance ("ESG") policies and procedures in...

    2022-09-07 9:14 AM EDT
  • Saturn Oil & Gas Inc. Reports Q2 2022 Financial and Operational Results Highlighted by Record Quarterly Cash Flow

    Calgary, Alberta--(Newsfile Corp. - August 18, 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 and six months ended June 30, 2022."Saturn's high quality, light oil production base was complimented in the second quarter of 2022 with exceptionally strong global oil prices which produced a record cash flow," commented John Jeffrey, Chief Executive of Saturn. "Saturn's focus on enhancing the Company's...

    2022-08-18 7:57 PM EDT
  • Saturn Oil & Gas Inc. Announces Closing of Viking Acquisition and Non-Brokered Private Placement

    Closed Viking Acquisition of approximately 4,000 boe/d resulting in current pro forma Company production of approximately 11,400 boe/dInitiated 140 well drilling program targeting average production by Q4 2023 between 13,950 to 14,550 boe/d, for implied growth in the range of 22% to 28% over current production levelsDirecting approximately 50% of future cash flow to rapid debt reduction with expected net debt decreased by 60% in next 18 monthsCalgary, Alberta--(Newsfile Corp. - July 6, 2022) - Saturn Oil & Gas Inc....

    2022-07-06 5:46 PM EDT
  • Saturn Oil & Gas Inc. Announces Closing of $75 million Bought Deal Offering (Including Full Exercise of Over-Allotment Option) and Proposed $3 million Non-Brokered Offering

    Calgary, Alberta--(Newsfile Corp. - June 8, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that, further to the Company's May 31, 2022 press release, it has closed its previously announced bought deal offering of subscription receipts, including full exercise of the over-allotment option (the "Bought Deal Offering"). Pursuant to the Bought Deal Offering, the Company issued a total of 27,181,860 subscription receipts ("Subscription Receipts") at a price of...

    2022-06-08 9:38 AM EDT
  • Saturn Oil & Gas Inc. Announces Successful Drilling Results at Oxbow Asset and Increases 2022 Guidance

    Calgary, Alberta--(Newsfile Corp. - May 16, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn or the "Company") is pleased to provide follow-on results from its light oil development program for the Oxbow Asset and announces the board of directors of the Company (the "Board") has increased the capital expenditures budget for 2022, along with revising upward operational and financial guidance for the year.Oxbow Asset Drilling UpdateThe Company drilled 12 horizontal wells in Q4 2021 and...

    2022-05-16 8:30 AM EDT
  • Saturn Oil & Gas Inc. Reports 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...

    2022-05-05 7:07 PM EDT