Saturn Oil & Gas Inc. is a junior natural resource mining company that is mainly in the business of oil and gas production. The operations of Saturn Oil & Gas involve the identification, evaluation, acquisition, exploration, development, and extraction of quality light oil properties with known production potential. Saturn Oil & Gas Inc. is a public Toronto Venture Stock Exchange corporation with its stocks trading under the ticker symbol SOIL. In addition to the TSXV, the oil & gas-focused energy producer lists and trades its common shares on the Frankfurt Stock Exchange (FSE) under the stock symbol SMK.
Saturn Oil & Gas operates the Viking Assets located in the west-central part of Saskatchewan. The property has the capabilities to produce quality light oil with consistent operational economics and quick payouts. There are five primary focal points or areas onsite:
• Prairiedale and Loverna feature high production at starting phase with profitable payouts and netback. • Milton, Kerrobert and Plato feature low reduction in assets and high estimated recovery rates with balanced cash flow.
The Calgary-based oil & gas company owns and operates a portfolio of oil and gas assets in the southeastern and west-central parts of Saskatchewan with long-term exploration and drilling operations through multiple target areas and has free cash flow and low declining asset rates. Saturn Oil & Gas Inc. strategically follows an acquisition approach to develop light oil-weighted resources and exploit oil and gas opportunities to maximize returns for the shareholders.
In a press release dated June 7, 2021, Saturn Oil & Gas Inc. reported that the company completed the acquisition process of the Oxbow Assets in southeast Saskatchewan from Crescent Point Energy Corp. The Oxbow Property consists of more than 450 net sections of land with the production of nearly 6700 barrels of oil equivalent per day (including approximately 95 percent of light oil and liquids).
Saturn Oil & Gas Inc. is working on exploration operations, including drilling wells and further field work to increase the oil resource potential at the asset sites and expand its oil and gas production capabilities.