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
Saturn Oil & Gas Inc. Announces Successful Drilling Results at Oxbow Asset
Calgary, Alberta--(Newsfile Corp. - March 22, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to provide the preliminary results of its light oil development program at its Oxbow Asset in Southeast Saskatchewan, for wells initiated in November 2021 and completed in January 2022. The Company drilled six horizontal wells targeting the Frobisher formation in the Glen Ewen area of Southeast Saskatchewan, where it achieved a 100% success rate and...
2022-03-22 8:30 AM EDT
Saturn Oil & Gas Inc. Announces Fully Funded 2022 Capital Program Which Underpins 15% Production Growth and Annual Guidance Highlighted by Organic Free Funds Flow that Supports 45% Reduction in Net Debt
Calgary, Alberta--(Newsfile Corp. - March 14, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that the Company's Board of Directors has approved a 2022 capital expenditures budget totalling $50 million. "As a result of the strategic acquisition and recently closed, upsized and oversubscribed equity issues, Saturn has increased its 2022 capital expenditure program," stated John Jeffrey, CEO of Saturn. "Equally important, because of the...
2022-03-14 5:00 AM EDT
Saturn Oil & Gas Inc. Named to TSX Venture Exchange's Top 50 Performers
Calgary, Alberta--(Newsfile Corp. - March 2, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn or the "Company") is pleased to announce that it has been named as one of the top performers on the TSX Venture Exchange (the "TSXV"). TSX Venture 50® is an annual ranking of the top performers of the past year on TSX Venture Exchange, the world-leading capital formation platform for early-stage growth companies. Each year, in five key sectors, 10 companies are selected based on their...
2022-03-02 8:30 AM EST
Saturn Oil & Gas Inc. Announces Closing of Acquisition and Private Placement
Calgary, Alberta--(Newsfile Corp. - February 28, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn or the "Company") is pleased to announce it has successfully completed the previously announced strategic acquisition (the "Strategic Acquisition") and intends to complete a non-brokered private placement for gross proceeds of $2,190,000 (the "Non-Brokered Private Placement"). Strategic Acquisition The Strategic Acquisition closed today, with an effective date of January 1, 2022,...
2022-02-28 5:15 PM EST
Saturn Oil & Gas Inc. Announces Adoption of RSU/DSU Plan
Calgary, Alberta--(Newsfile Corp. - February 3, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") announces that the board of directors of the Company adopted a restricted share unit and deferred share unit (collectively "RSUs/DSUs") plan (the "RSU/DSU Plan"). In addition, the Company anticipates amending its current 20% fixed option plan into a new 10% rolling stock option plan (the "Amended Stock Option Plan") at its next meeting of shareholders. The maximum...
2022-02-03 6:52 PM EST
Saturn Oil & Gas Inc. Announces Sponsorship of ATP Tennis Tournament in Support of Underprivileged Youth Sports
Calgary, Alberta--(Newsfile Corp. - January 26, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that the Company will host the Saturn Oil Open ATP tennis tournament in May 2022 in Troisdorf, Germany. Saturn has partnered with KidSport Canada to raise funds and awareness for underprivileged youths' participation in sports and to enhance their healthy development. Saturn is collaborating with Marc-Kevin Goellner, former German Davis Cup...
2022-01-26 11:19 AM EST
Saturn Oil & Gas Inc. Receives Additional ASCP Funding, Initiates Land Reclamation Program and Provides an Operational Update
Calgary, Alberta--(Newsfile Corp. - December 7, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that the Company has been awarded an additional $2.1 million of Accelerated Site Closure Program ("ASCP") funding from the Saskatchewan provincial government. In total, Saturn has been awarded $13.6 million of ASCP funding. Land Reclamation Program As part of Saturn's commitment to ESG leadership, the Company is prioritizing a Land...
2021-12-07 8:00 AM EST
Saturn Oil & Gas Inc. Reports Record Cash Flow from Operations in Q3 2021 Results
Calgary, Alberta--(Newsfile Corp. - November 15, 2021) - 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 nine months ended September 30, 2021. John Jeffrey, Chief Executive of Saturn, commented: "Reinstating the Company's drilling program in the third quarter was an important step to continuing our growth strategy as a light oil focused producer. The success of the of Q3 2021 drilling program...
2021-11-15 9:30 PM EST
Saturn Oil & Gas Inc. Announces Third Quarter 2021 Results Release Date and Webcast Details
Calgary, Alberta--(Newsfile Corp. - November 9, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") intends to report Q3 2021 results after markets close on Monday, November 15, 2021. Subsequently, Saturn's Executive Team will present the quarterly results and an investor update at a webcast, scheduled for: Date: Tuesday, November 16, 2021 Time: 12:00 pm Noon Eastern Standard Time (10:00 am MST) Weblink: https://saturnoil.com/invest/q3-2021-results-webcast A...
2021-11-09 10:00 PM EST
Saturn Oil & Gas Inc. Announces Successful Q3 2021 Drilling and Workover Program
Calgary, Alberta--(Newsfile Corp. - November 5, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce the operational results of the 2021 third quarter drilling and workover program. Third Quarter Drilling Program Saturn drilled three operated, 100% working interest, Extended Reach Horizontal ("ERH") wells targeting Viking oil at its Loverna property (the "Loverna Wells"), performed workovers/re-activations of existing non-producing wells,...
2021-11-05 6:00 AM EDT
Saturn Oil & Gas Inc. Announces CEO Presenting at the International Investment Forum and Completes Share Consolidation
Calgary, Alberta--(Newsfile Corp. - October 7, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce John Jeffrey, CEO of Saturn, will be presenting at the International Investment Forum on October 14, 2021 and that the Company is proceeding with a consolidation (the "Consolidation") of its common shares ("Common Shares") on the basis of 20 pre-Consolidation Common Shares for one (1) post-Consolidation Common Share. The Consolidation was...
2021-10-07 5:40 PM EDT
Saturn Oil & Gas Inc. Confirms 43.3 Million BOE of Reserves in New Oxbow Asset Evaluation and Announces New Director to the Board
Calgary, Alberta--(Newsfile Corp. - September 21, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce the completion of the final independent reserves evaluation of its newly acquired Oxbow Asset, effective April 1, 2021, in compliance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities and in accordance with the Canadian Oil and Gas Evaluation Handbook (the "Oxbow Report") as well as the appointment of...
2021-09-21 5:00 AM EDT
Saturn Oil & Gas Inc. Reports Transformational Q2 2021 Results Following the Close of the Oxbow Acquisition
Calgary, Alberta--(Newsfile Corp. - August 31, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and six months ended June 30, 2021. John Jeffrey, Chief Executive of Saturn, commented: "We are proud to a report a historic quarter in the development of the Company. The acquisition of the Oxbow Asset provides a substantial platform for Saturn's future growth by contributing numerous new...
2021-08-31 12:41 AM EDT
Saturn Oil & Gas Inc. Announces Second Quarter 2021 Results Release Date, Conference Call and Webcast Details
Calgary, Alberta--(Newsfile Corp. - August 27, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") intends to report Q2 2021 results after markets close on Monday, August 30, 2021. John Jeffrey, Chief Executive Officer; Scott Sanborn, Chief Financial Officer and Justin Kaufmann, Senior Vice President Exploration will present the Q2 2021 quarterly results and an investor update at a conference call with concurrent audio webcast, scheduled for: Date: Tuesday,...
2021-08-27 9:00 AM EDT
Saturn Oil & Gas Inc. Announces Development Drilling Program and Corporate Update
Calgary, Alberta--(Newsfile Corp. - August 3, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce the start of a three well development drilling program in West Central Saskatchewan. In addition, the 268.3 million common share purchase warrants issued in conjunction with the June 2021 equity private placements (the "Warrants") will commence trading under the symbol SOIL.WT on the TSX Venture Exc
2021-08-03 9:00 AM EDT
Saturn Oil & Gas Inc. Announces Initiation of Field Development, New Addition to Senior Management, Conversion of Special Warrants and Options Grant
Calgary, Alberta--(Newsfile Corp. - July 6, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce the start of field development activities in Southeast Saskatchewan, the appointment of Kevin Smith as Vice President Corporate Development, the conversion of the special warrants issued in conjunction with the oversubs
2021-07-06 8:30 AM EDT
Amended and Restated Press Release - Saturn Oil & Gas Inc. Announces Transformational Light Oil Asset Acquisition of 6,700 boe/d to Become One of the Leading Producers and Land Holders in Southeast Saskatchewan
Calgary, Alberta--(Newsfile Corp. - June 30, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is amending and restating the original May 13, 2021 press release (the "May 13 Release") as a result of a request to restate the reserves information contained therein. The May 13 Re
2021-06-30 5:42 PM EDT
Saturn Oil & Gas Inc. Announces Results of AGM
Calgary, Alberta--(Newsfile Corp. - June 23, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") today announced the results of voting at its 2021 Annual General Meeting of shareholders (the "AGM") held on June 22, 2021. A total of 43,671,759 common shares were voted at the AGM, representing 22.25% of the outstanding common shares of the Company. Shareholders voted in favour of the election of all director nominees as follows: Name
2021-06-23 7:48 PM EDT
Saturn Oil & Gas Inc. Confirms Closing of Previously Announced Transformational Acquisition of Southeast Saskatchewan Light Oil Assets
Calgary, Alberta--(Newsfile Corp. - June 7, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce that it has successfully closed the previously announced transformational acquisition (the "Acquisition") of assets in the Oxbow area of Southeast Saskatchewan (the
2021-06-07 4:09 PM EDT