Saturn Oil & Gas Inc. Reports Q3 2024 Results Highlighted by Record Quarterly Production, Adjusted EBITDA and Adjusted Funds Flow
Calgary, Alberta--(Newsfile Corp. - November 5, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (FSE: SMKA) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, is pleased to report our financial and operating results for the three and nine months ended September 30, 2024. Saturn's Financial Statements, as well as Management's Discussion and Analysis ("MD&A") are available on our website...
2024-11-05 4:00 PM EST
Saturn Oil & Gas Inc. Announces Release Date for Third Quarter 2024 Results and Provides Conference Call / Webcast Details
Calgary, Alberta--(Newsfile Corp. - October 24, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (FSE: SMKA) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, confirms that the Company intends to report our third quarter 2024 financial and operating results on Tuesday, November 5, 2024, after markets close. A conference call and webcast will be held on Wednesday, November 6, 2024, at...
2024-10-24 7:00 AM EDT
Saturn Oil & Gas Inc. Ranks Fourth on The Globe and Mail's Sixth-Annual List of Canada's Top Growing Companies
Calgary, Alberta--(Newsfile Corp. - October 1, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that the Company placed number four on the 2024 Report on Business ranking of Canada's Top Growing Companies, with three-year revenue growth of over 9,200%. The Company also earned the distinction of being the fastest-growing oil and gas company on the list for the second year in a row. "With a team and strategy designed to...
2024-10-01 7:00 AM EDT
Saturn Oil & Gas Inc. Announces Normal Course Issuer Bid
Calgary, Alberta--(Newsfile Corp. - August 23, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that Saturn has received acceptance from the Toronto Stock Exchange ("TSX") in respect of its intention to make a normal course issuer bid (the "NCIB") to purchase and cancel up to 11,306,825 of its outstanding common shares ("Common Shares") during the one-year period from August 27, 2024 to August 26, 2025 (the "Expiry Date")....
2024-08-23 8:30 AM EDT
Saturn Oil & Gas Inc. Reports Q2 2024 Financial and Operational Results Highlighted by Record Quarterly Production and Adjusted Funds Flow
Calgary, Alberta--(Newsfile Corp. - July 30, 2024) - 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, 2024. "Saturn's capital structure changes implemented in Q2 2024, in conjunction with a major acquisition, will serve as an inflection point in establishing the Company as a leading independent growing energy producer in Western Canada." commented John...
2024-07-30 6:34 PM EDT
Saturn Oil & Gas Inc. Announces the Closing of the Saskatchewan Asset Acquisition
Calgary, Alberta--(Newsfile Corp. - June 14, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") today announced the completion of the previously announced acquisition of oil-weighted assets in Southern Saskatchewan (the "Acquisition"). The net cash purchase price of the Acquisition was funded by proceeds of the recently closed 9.625% high yield note ("Note") offering, together with the proceeds of the recently closed $100 million bought deal...
2024-06-14 4:10 PM EDT
Saturn Oil & Gas Inc. Announces Closing of US$650 Million Senior Secured Second Lien Note Offering
Calgary, Alberta--(Newsfile Corp. - June 14, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") today announced that it has closed its previously announced private placement (the "Offering"), to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), of US $650 million in aggregate principal amount of 9.625% senior secured second lien notes due 2029 (the "Notes") at par. The Notes to...
2024-06-14 3:49 PM EDT
Saturn Oil & Gas Inc. Announces Pricing of Upsized Offering of US$650 Million of Senior Secured Second Lien Notes Due 2029
Calgary, Alberta--(Newsfile Corp. - June 5, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") today announced that it has priced its previously announced private placement (the "Offering"), to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), of US $650 million in aggregate principal amount of 9.625% senior secured second lien notes due 2029 (the "Notes") at par. The Offering is...
2024-06-05 6:06 PM EDT
Saturn Oil & Gas Inc. Announces Proposed Private Offering of US$625 million of Senior Secured Second Lien Notes Due 2029
Calgary, Alberta--(Newsfile Corp. - June 4, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF)("Saturn" or the "Company") today announced that, subject to market and other conditions, it intends to offer US$625 million in aggregate principal amount of senior secured second lien notes due 2029 (the "Notes") in a private offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), to eligible purchasers...
2024-06-04 4:36 PM EDT
Saturn Oil & Gas Inc. Announces Voting Results of AGM
Calgary, Alberta--(Newsfile Corp. - May 28, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce the voting results of its Annual General and Special Meeting of shareholders (the "Meeting") held on May 28, 2024. Saturn is pleased to report that that all matters presented at the Meeting were approved. A total of 102,320,139 common shares representing 63.34% of the total 161,544,643 outstanding common shares ("Common Shares") of...
2024-05-28 4:32 PM EDT
Saturn Oil & Gas Inc. Reports Q1 2024 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - May 15, 2024) - 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 months ended March 31, 2024. "The first quarter development plan returned some of the best results in Saturn's history," commented Justin Kaufmann, Saturn's Chief Development Officer. "These results were from conventional development in Southeast Saskatchewan and the Cardium in...
2024-05-15 6:07 PM EDT
Saturn Oil & Gas Inc. Announces Closing of $100 Million Bought Deal Offering
Calgary, Alberta--(Newsfile Corp. - May 15, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that, further to the Company's May 6, 2024 press release, it has closed its previously announced bought deal offering of subscription receipts (the "Bought Deal Offering"). Pursuant to the Bought Deal Offering, the Company issued a total of 42,554,000 subscription receipts ("Subscription Receipts") at a price of $2.35 per...
2024-05-15 8:50 AM EDT
Saturn Oil & Gas Announces Filing of Prospectus Supplement
Calgary, Alberta--(Newsfile Corp. - May 8, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that in connection with its previously announced bought-deal subscription receipt financing for aggregate gross proceeds of approximately $100 million (the "Offering"), the Company has filed a prospectus supplement (the "Prospectus Supplement") to its short form base shelf prospectus dated May 19, 2022, as amended pursuant to...
2024-05-08 7:25 PM EDT
Saturn Oil & Gas Inc. Announces its First Development of Cardium Wells at Brazeau and Continued Successful Development in Southeast Saskatchewan
Calgary, Alberta--(Newsfile Corp. - May 1, 2024) - 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 nine gross (9.0 net) wells, including the Company's first development of the Brazeau field in Central Alberta for Cardium light oil and natural gas. In addition, Saturn continued its successful development of conventional horizontal wells in Southeast Saskatchewan, with...
2024-05-01 8:30 AM EDT
Saturn Oil & Gas Inc. Announces Annual Incentive Award Grants
Calgary, Alberta--(Newsfile Corp. - April 2, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") today announced that it has granted its annual incentive award grants under the terms of its shareholder approved omnibus long term incentive plan ("LTIP"). The annual grant includes 2,653,518 Restricted Share Units ("RSUs") and 622,530 Performance Share Units ("PSUs") issued to directors, officers and employees of the Company. The awards may be settled...
2024-04-02 7:19 PM EDT
Saturn Oil & Gas Inc. Announces Sale of Non-Core Deer Mountain Property
Calgary, Alberta--(Newsfile Corp. - April 1, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce the Company has entered into a definitive agreement with a private operator to sell its non-core Deer Mountain property in North Alberta (the "Deer Mountain Block") for cash of $27 million, less customary closing adjustments. The Deer Mountain Block had production of approximately 800 boe/d(1) (93% oil and NGLs) in March 2024,...
2024-04-01 6:42 PM EDT
Saturn Oil & Gas Inc. Reports 2023 Year-End Results Highlighted by Record Annual Production and Free Funds Flow
Calgary, Alberta--(Newsfile Corp. - March 12, 2024) - 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 twelve months ended December 31, 2023. "2023 was a tremendous year of progress for Saturn in creating a substantial and sustainable free cash generating enterprise. In addition to doubling our production base over last year, we have assembled a deep inventory of high-quality...
2024-03-12 7:43 PM EDT
Saturn Oil & Gas Inc. Announces Closing of $50 Million Bought Deal Private Placement Offering
Calgary, Alberta--(Newsfile Corp. - February 22, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that, further to the Company's February 6, 2024 press release, it has closed its previously announced bought deal private placement offering (the "Offering"). Pursuant to the Offering, the Company issued a total of 22,223,000 common shares ("Common Shares") at a price of $2.25 per Common Share for aggregate gross proceeds of...
2024-02-22 4:05 PM EST
Saturn Oil & Gas Inc. Announces 145 Million BOE of Reserves and Proved Developed Producing Net Present Value 10% of $1.4 Billion
Calgary, Alberta--(Newsfile Corp. - January 30, 2024) - Saturn Oil & Gas Inc. (TSX: 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 January 29, 2024 and effective December 31, 2023, 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...
2024-01-30 5:20 PM EST
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