Saturn Oil & Gas Inc.

John Jeffrey, President and Chief Executive Officer, Saturn Oil & Gas Inc. and his senior executive team joined Robert Peterman, Chief Commercial Officer at Toronto Stock Exchange , to open the market and celebrate the Company's graduation to the TSX and recently announced $525 million asset acquisition in Saskatchewan. Saturn Oil & Gas Inc. is a growing Canadian energy company focused on generating positive shareholder [...]

Saturn Oil & Gas Inc. 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 Central Alberta, which exceeded our expectations [...]

TORONTO, May 15, 2024 /CNW/ - Trading resumes in: Company: Saturn Oil & Gas Inc. TSX Symbol: SOIL.R All Issues: No Resumption : 09:30 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity [...]

Saturn Oil & Gas Inc. 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 . Pursuant to the Bought Deal Offering, the Company issued a total of 42,554,000 subscription receipts at a price of $2.35 per Subscription Receipt for gross proceeds of $100,001,900. The Bought Deal Offering was completed by way of the [...]

TORONTO, May 15, 2024 /CNW/ - The following issues have been halted by CIRO: Company: Saturn Oil & Gas Inc. TSX Symbol: SOIL.R All Issues: No Reason: Pending Closing Halt Time : 08:00 AM ET CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which [...]

Saturn Oil & Gas Inc. 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 Company has filed a prospectus supplement to its short form base shelf prospectus dated May 19, 2022, as amended pursuant to amendment no. 1 to the short form base shelf prospectus dated May 2, 2024 . The Prospectus [...]

Accretive acquisition of select assets in Southeast and Southwest Saskatchewan that collectively add 13,000 boe/d of 96% liquids-weighted production, 950 gross identified drilling locations, expands Tier 1 drilling inventory by 65% and establishes Saturn as the 6th largest producer in the Province of Saskatchewan US$625 million committed debt financing that will replace the Company's existing senior secured term loan at a [...]

Saturn Oil & Gas Inc. is pleased to announce the initial production results for its most recently drilled nine gross 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 outstanding average initial production rates. The [...]

Saturn Oil & Gas Inc. today announced that it has granted its annual incentive award grants under the terms of its shareholder approved omnibus long term incentive plan . The annual grant includes 2,653,518 Restricted Share Units and 622,530 Performance Share Units issued to directors, officers and employees of the Company. The awards may be settled in cash or common shares of the Company issued from treasury or purchased [...]

Saturn Oil & Gas Inc. 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 for cash of $27 million, less customary closing adjustments. The Deer Mountain Block had production of approximately 800 boe/d in March 2024, based on field estimates. The sale of the Deer Mountain Block is expected to close on or about May 1 [...]