Saturn Oil & Gas Inc.

The Power Play by The Market Herald has announced the release of a new interview with Saturn Oil & Gas on their latest news. The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives. Saturn Oil & Gas sees record quarterly cash flow Saturn Oil & Gas released its financial [...]

Saturn Oil & Gas Inc. 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 Company's oil production [...]

Closed Viking Acquisition of approximately 4,000 boe/d resulting in current pro forma Company production of approximately 11,400 boe/d Initiated 140 well drilling program targeting average production by Q4 2023 between 13,950 to 14,550 boe/d, for implied growth in the range of 22% to 28% over current production levels Directing approximately 50% of future cash flow to rapid debt reduction with expected net debt decreased [...]

Saturn Oil & Gas Inc. 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 . Pursuant to the Bought Deal Offering, the Company issued a total of 27,181,860 subscription receipts at a price of $2.75 per Subscription Receipt for gross proceeds of $74,750,115 [...]

Strategic $260 million asset acquisition expands Saturn's proforma production by over 50% on closing to ~11,4001 boe/d to be funded by combination of term debt and a $65 million bought-deal subscription receipt financing Accretive transaction drives 2023 guidance for adjusted funds flow2 of $223 million equating to $3.98 per share Provides substantial free cash flow which can be directed to debt reduction and to fund top [...]

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Saturn Oil & Gas Inc. 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 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 2021 and Q1 2022, targeting the Frobisher and [...]

The Power Play by The Market Herald has announced the release of a new interview with Saturn Oil & Gas on their latest news. The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives. Saturn Oil & Gas reports record production in Q1 2022 Saturn Oil & Gas recently released [...]

Saturn Oil & Gas Inc. 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," 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 averaging 7,800 to 8,200 boe/d for [...]

Saturn Oil & Gas Inc. 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 highlighted with the top performing well [...]