Saturn Oil & Gas Inc. (TSX.V: SOIL) (FSE: SMK) is pleased to announce the initial production rates for their three 100% working interest Viking horizontal wells brought on-line during the August 2018 program. Additionally, effective September 19th, 2018, Mr. Simon Akit, P.Eng., MBA has been appointed to the Board of Directors of Saturn.
"Leadership is the capacity to translate vision into reality". Saturn has a focused management and experienced technical team with more then 25 years of oil and gas experience.
Saturn Oil + Gas is focused on the acquisition and development of undervalued, low risk assets. Saturn is driven to build a strong portfolio of cash flowing assets with strategic land positions.
Saturn's asset portfolio will become its key to growth and provide long-term stability to shareholders.
Operationally focused to build shareholder growth
Saturn Oil + Gas is a public energy company focused on the acquisition and development of undervalued, low risk assets. Saturn is driven to build a strong portfolio of cash flowing assets with strategic land positions.
Our three-part business strategy
Saturn Oil + Gas will execute a three-part business strategy to accelerate shareholder growth.
Saturn’s immediate focus will be acquiring high quality, long life assets with proven production. Focusing on Saskatchewan's stable jurisdiction, Saturn will use its domain experience to evaluate properties that fall within its exploration and development criteria.
Exercising fiscal prudence and maintaining a strong balance sheet will allow Saturn to maintain constant growth. Long term stability will be generated through experienced management and a strong technical team.
De-risked assets and calculated execution will allow Saturn to achieve growth in reserves/production through retained earning. Saturn's portfolio will become its key to growth and provide long-term stability to shareholders.
We are highly motivated and have a clear vision
We are currently evaluating a series of low risk opportunities with significant upside potential. Saturn is driven to build a strong portfolio of cash flowing assets with strategic land positions.
Saturn Oil & Gas Inc. (TSX.V: SOIL) (FSE: SMK) announces that pursuant to the Company's Stock Option Plan (the “Plan”) it has granted a total of 400,000 stock options at a price of $0.22 per common share to a director of the Company. As per the Plan, the options granted are exercisable until September 24, 2023 and vest over a period of 18 months from the date of grant. Grant of the options are subject to the approval of the TSX Venture Exchange.
Saturn Oil & Gas Inc. (TSX.V: SOIL) (FSE: SMK) is pleased to announce that the Company has commenced drilling of their 20 well horizontal drill program that will run to the end of Q1/2019. The first well of the Program was spud on September 11th, 2018 upon the successful closing of the previously announced USD $20 million revolving note facility with Prudential Capital Group (see news release dated September 14th, 2018).