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
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