Saturn Oil & Gas Inc. Announces Initial Production Results of First OHML Bakken Well Above Expectations and Updated Debt Covenant
Calgary, Alberta--(Newsfile Corp. - January 4, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce the Company's first Open Hole Mult-Lateral ("OHML") Bakken well drilled in the Viewfield area of Southeast Saskatchewan, 101/01-07-011-06W2 ("Viewfield 01-07"), had initial 30-day average production ("IP30") of approximately 233 bbls/d of light oil, which is 49%1 above the Company's expected IP30 type curves for OHML Bakken...
2024-01-04 7:07 PM EST
Saturn Oil & Gas Inc. Announces Employees' Share Purchase
Calgary, Alberta--(Newsfile Corp. - December 20, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") announces that pursuant to an agreement between certain purchasers, including Saturn's executives (the "Saturn Purchasers"), and a previous shareholder of Ridgeback Resources Inc. ("Ridgeback"), the Saturn Purchasers have purchased an aggregate of 891,898 common shares of Saturn (the "Subject Shares"). The Subject Shares were previously issued in...
2023-12-20 8:30 AM EST
Saturn Oil & Gas Inc. Announces its First Development of Cardium and Bakken Light Oil and the Highest Initial Production Rates on New Frobisher Wells to Date
Calgary, Alberta--(Newsfile Corp. - December 5, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce the initial production results for its most recently drilled 13 gross (11.4 net) wells, including Saturn's first development of Alberta Cardium and Saskatchewan Bakken light oil targets. Saturn has continued its success in the development of its deep inventory of locations in Southeast Saskatchewan including the best performing...
2023-12-05 5:59 PM EST
Saturn Oil & Gas Inc. Reports Q3 2023 Financial and Operational Results Highlighted by Record Quarterly Production and Adjusted EBITDA
Calgary, Alberta--(Newsfile Corp. - November 7, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and nine months ended September 30, 2023. "Saturn reached a new milestone in its goal of creating sustainable free cash flow by achieving record quarterly adjusted EBITDA of over $100 million(1) in the third quarter." commented John Jeffrey, Chief Executive Officer of Saturn....
2023-11-07 7:02 PM EST
Saturn Oil & Gas Inc. places No. 18 on The Globe and Mail's Fifth-Annual Ranking of Canada's Top Growing Companies
Calgary, Alberta--(Newsfile Corp. - October 4, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce it placed No. 18 on the 2023 Report on Business ranking of Canada's Top Growing Companies. Canada's Top Growing Companies ranks Canadian companies on three-year revenue growth. Saturn earned its spot with three-year growth of 1,929%. "We are very proud of the Saturn family of employees as we have grown from a group of seven a...
2023-10-04 8:00 AM EDT
Saturn Oil & Gas Inc. Provides Operations Update Highlighted by Spearfish Drilling Outperformance and Updated 2023 Guidance
Calgary, Alberta--(Newsfile Corp. - September 20, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") today announces an operations update highlighted by well performance that has exceeded expectations from the Company's recent Spearfish drilling at the Oxbow area, along with providing updated guidance for the balance of 2023 that reflects lower capital spending with better well performance. "Our Spearfish light oil drilling program has generated...
2023-09-20 10:38 AM EDT
Saturn Oil & Gas Inc. Reports Q2 2023 Financial and Operational Results Highlighted by Record Quarterly Production and Adjusted Funds Flow
Calgary, Alberta--(Newsfile Corp. - August 14, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and six months ended June 30, 2023. "The three months ended June 30, 2023 represent the first full quarter of positive contribution from the recently completed acquisition of Ridgeback which has driven record quarterly production and cash flow,(1)" commented John Jeffrey, Chief...
2023-08-14 6:10 PM EDT
Saturn Oil & Gas Inc. Announces Expiry of Warrants and Share Ownership Change
Calgary, Alberta--(Newsfile Corp. - July 19, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") announces that the majority of the Company's outstanding warrants expired between June 3, 2023 and July 7, 2023, and the Company's largest shareholder GMT Capital Corp. ("GMT"), and certain of GMT's affiliates, recently announced the acquisition of an additional 6,994,049 common shares ("Common Shares") of Saturn resulting in holdings as of June 30,...
2023-07-19 6:31 PM EDT
Saturn Oil & Gas Announces Board and Management Changes and Voting Results of AGM
Calgary, Alberta--(Newsfile Corp. - June 29, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce additions to Saturn's board of directors (the "Board") and management team, the voting results of its Annual General and Special Meeting of shareholders (the "Meeting") held on June 28, 2023, and the grant of equity-based compensation. Corporate Updates Board Additions Saturn is pleased to welcome two new directors to its board:...
2023-06-29 9:00 AM EDT
Saturn Oil & Gas Inc. Announces Graduation to the Toronto Stock Exchange and Restored Production from Alberta Wildfires
Calgary, Alberta--(Newsfile Corp. - June 13, 2023) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that it has received approval from the Toronto Stock Exchange (the "TSX") to graduate the listing of its common shares (the "Common Shares") to the main board of the TSX. Saturn expects the Common Shares to commence trading under the symbol "SOIL" on the TSX on June 15, 2023 at which time trading on the TSX Venture Exchange will...
2023-06-13 4:25 PM EDT
Saturn Oil & Gas Inc. Reports Q1 2023 Results and Record Production
Calgary, Alberta--(Newsfile Corp. - May 16, 2023) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three months ended March 31, 2023. "The first quarter of 2023 was a landmark period for Saturn that set new performance records following the closing of the acquisition of Ridgeback Resources, which has enhanced the sustainability and potential profitability of Saturn for years to come,"...
2023-05-16 10:22 PM EDT
Saturn Oil & Gas Inc. Reports Successful Q1 2023 Drilling Results, Production Curtailment and ESG Report
Calgary, Alberta--(Newsfile Corp. - May 8, 2023) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to provide the results to date from its Q1 2023 drilling program and the release of Saturn's inaugural
2023-05-08 11:13 PM EDT
Saturn Oil & Gas Inc. Announces Grant of RSUs to Employees and Directors
Calgary, Alberta--(Newsfile Corp. - April 3, 2023) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") today announced that the Company has granted 2,500,000 Restricted Share Units ("RSUs) to employees and directors, under the terms of the Company's long term incentive plan ("LTIP). Saturn's Board of Directors made the determination that granting RSUs is a preferable mechanism for the Company's LTIP and will replace the previous grant of inventive stock...
2023-04-03 4:09 PM EDT
Saturn Oil & Gas Inc. Reports 2022 Year-End Results
Calgary, Alberta--(Newsfile Corp. - March 28, 2023) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and twelve months ended December 31, 2022. "2022 was the most active year for light oil development in Saturn's history. The Company drilled 57.5 net horizontal wells targeting light oil, with 100% success," commented Justin Kaufmann, Chief Development Officer. "In addition to the...
2023-03-28 8:52 PM EDT
Saturn Oil & Gas Inc. Announces 62.9 Million BOE of Reserves and Proved Developed Producing Net Asset Value (NPV10 BT) Increases 54% to $6.92 per Fully Diluted Share
Calgary, Alberta--(Newsfile Corp. - March 14, 2023) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce the results of the independent reserves evaluation of the Company's crude oil and natural gas assets, dated February 21, 2023 and effective December 31, 2022, in compliance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and in accordance with the Canadian Oil and Gas Evaluation...
2023-03-14 8:30 AM EDT
Saturn Oil & Gas Inc. Announces Closing of the Acquisition of Ridgeback Resources Inc.
Calgary, Alberta--(Newsfile Corp. - February 28, 2023) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that further to its press releases of January 20, 2023, it has successfully completed the previously announced acquisition of Ridgeback Resources Inc. (the "Ridgeback Acquisition"), a privately held oil and gas producer focused on light oil production in Saskatchewan and Alberta, for a transaction value of approximately $516...
2023-02-28 5:56 PM EST
Saturn Oil & Gas Inc. Announces Successful Results of 2022 Drilling Program and Record Production in Q4 2022
Calgary, Alberta--(Newsfile Corp. - February 13, 2023) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to provide results from its 2022 capital expenditure program and operational highlights. The 2022 capital program totaled approximately $89.1 million with 80% of expenditures directed to horizontal drillin
2023-02-13 8:30 AM EST
Saturn Oil & Gas Inc. Announces Listing of Subscription Receipts on TSXV
Calgary, Alberta--(Newsfile Corp. - February 2, 2023) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that, further to the Company's January 31, 2023 press release, the Subscription Receipts (as defined below) will be listed for trading on the TSX Venture Exchange under the symbol "SOIL.R" effective at the opening of markets on February 3, 2023. On January 31, 2023, the Company closed its previously announced bought deal offering (the...
2023-02-02 7:02 PM EST
Saturn Oil & Gas Inc. Reports Q3 2022 Financial and Operational Results Highlighted by Record Quarterly Cash Flow per Share
Calgary, Alberta--(Newsfile Corp. - November 8, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and nine months ended September 30, 2022. "The third quarter of 2022 is the first reporting period reflecting the highly positive impact of the Viking acquisition, closed on July 6, 2022, in terms of increased netbacks and additional production, resulting in record corporate cash...
2022-11-08 5:12 PM EST
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 Upgrade Saturn begins trading today on OTCQX under the symbol "OILSF." The Company upgraded to OTCQX from the...
2022-09-22 8:30 AM EDT