Saturn Oil & Gas Inc. is pleased to announce that the Company has: entered into an arms-length agreement to acquire certain synergistic oil & gas assets in West-central Saskatchewan for total consideration of approximately $8.3 million , given notice to repay its second-lien senior secured term notes in the amount of approximately $32.1 million, entered into an amended and restated term loan agreement with its senior [...]
Saturn Oil & Gas Inc. announces that the board of directors of the Company adopted a restricted share unit and deferred share unit plan . In addition, the Company anticipates amending its current 20% fixed option plan into a new 10% rolling stock option plan at its next meeting of shareholders. The maximum number of RSUs/DSUs issuable under the RSU/DSU Plan together with the number of stock options issuable under the [...]
Saturn Oil & Gas Inc. 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 Champion and previously ranked in the [...]
Saturn Oil & Gas Inc. is pleased to announce that the Company has been awarded an additional $2.1 million of Accelerated Site Closure Program 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 Reclamation Program to remediate legacy inactive wells [...]
Saturn Oil & Gas Inc. 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 was combined with a period of high [...]
Saturn Oil & Gas Inc. 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 Weblink: https://saturnoil.com/invest/q3-2021-results-webcast A recorded archive of the webcast will be available [...]
Saturn Oil & Gas Inc. 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 wells targeting Viking oil at its Loverna property , performed workovers/re-activations of existing non-producing wells, and participated in two gross, non-operated wells , for $4.5 [...]
Saturn Oil & Gas Inc. 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 of its common shares on the basis of 20 pre-Consolidation Common Shares for one post-Consolidation Common Share. The Consolidation was approved by the shareholders of the Company at the Company's annual general and [...]
Saturn Oil & Gas Inc. 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 as well as the appointment of Glenn Hamilton to the Saturn Board of Directors. Oxbow Reserves [...]
Saturn Oil & Gas Inc. 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 drilling opportunities and production [...]
Saturn Oil & Gas Inc. 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, August 31, 2021 Time: 12:00 pm Noon [...]
Saturn commences development drilling and workover program in West Central Saskatchewan Warrants from June 2021 equity financings are now listed for trading on the TSX-V as SOIL.WT The board of directors has approved the grant of 12.5 million incentive stock options Saturn Oil & Gas Inc. is pleased to announce the start of a three well development drilling program in West Central Saskatchewan. In addition, the 268.3 [...]
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