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
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,...
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
Calgary, 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 its operations and is pleased to announce that the Company has reached the midpoint of its 2022 Land Reclamation Program (the "LRP
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...
2022-08-18 7:57 PM EDT
Saturn Oil & Gas Inc. Announces Closing of Viking Acquisition and Non-Brokered Private Placement
Calgary, Alberta--(Newsfile Corp. - July 6, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that further to its press releases of May 31, 2022 and June 8, 2022, it has successfully
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...
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 Update The Company drilled 12 horizontal wells in Q4...
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
Saturn Oil & Gas Inc. Reports Record Production in Q4 and Year End 2021 Results
Calgary, Alberta--(Newsfile Corp. - April 29, 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 twelve months ended December 31, 2021. "The fourth quarter of 2021 was an important milestone for Saturn as we initiated our first drilling program at our newly acquired Oxbow Asset," commented Justin Kaufmann, Senior Vice President Exploration. "Our inaugural Oxbow drilling program was...
2022-04-29 6:38 PM EDT
Saturn Oil & Gas Inc. Announces 50.7 Million BOE of Reserves, a 668% Increase Year Over Year
Calgary, Alberta--(Newsfile Corp. - April 12, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("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 March 23, 2022 and effective December 31, 2021, 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 Handbook (the...
2022-04-12 8:30 AM EDT