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About Saturn

We are a Western Canadian based energy company focused on generating positive shareholder returns through the responsible development of high-quality, light oil weighted assets.

As Canada’s fastest growing oil and gas company, Saturn has established a diversified portfolio of oil-weighted, free-cash flowing, low-decline, operated assets across Alberta and Saskatchewan. Through organic growth and an accretive acquisition strategy, our goal is to continue increasing reserves, production and cash flow, on a debt adjusted share basis, with an attractive return on invested capital, supported by our commitment to full-cycle sustainability and an ESG focused culture.

Saturn’s shares are listed for trading on:

Toronto Stock Exchange:

SOIL

Frankfurt Stock Exchange:

SMKA

OTCQX in USA:

OILSF

The Saturn Strategy

Capital Efficient Drilling

With a focus on high margin light oil, Saturn leverages its deep portfolio of lower risk development opportunities along with its extensive operational expertise to execute capital efficient and high rate-of-return drilling programs

Balance Sheet Strength

Exercising fiscal prudence and focus on debt reduction to continue strengthening the balance sheet, positioning Saturn for long-term profitable growth

Quality Asset Acquisition

Acquire quality light oil weighted assets with proven production bundled with significant development upside

Creating Value for Shareholders

With a proven track record of growing free cash flow, Saturn intends to deliver per share returns and long-term value for shareholders.

Leadership

Saturn’s executive team brings extensive operational expertise, combined with innovative, out-of-the-box thinking and a commitment to responsibly developing our assets.

John Jeffrey - B.A., MBA

Chief Executive Officer

Mr. Jeffrey assumed leadership of Saturn in 2016 and previously was the area finance manager for a Fortune 500 engineering consulting firm in Canada. He has a strong background in operations and finance that has allowed him to successfully execute large engineering and environmental projects. Mr. Jeffrey was also a founder and CFO for Axiom Group, a geological and engineering consulting company that has drilled over 800 wells within western Canada. He is a graduate of the University of Saskatchewan with a MBA majoring in Finance.

Scott Sanborn - CPA, CA

Chief Financial Officer

Mr. Sanborn brings 15 years of oil and gas focused finance, capital markets and accounting experience. He most recently served as Corporate Controller of Calgary-based Jupiter Resources from November 2016 until its sale to Tourmaline Oil in December 2020. Prior thereto, Mr. Sanborn held various leadership roles with energy companies including Marquee Energy and Verano Energy, and earlier, worked with KPMG LLP. Mr. Sanborn holds his Chartered Professional Accountant Designation and earned a Bachelor of Commerce degree in Accounting from the University of Calgary.

Justin Kaufmann - P.Geo

Chief Development Officer

Mr. Kaufmann currently is Saturn's Chief Development Officer and has had roles of increasing responsibility in management and geology for both private and public companies. He was a founder of Axiom Energy Services, a division of Axiom Group and brings a strong technical background and management experience to his role. Mr. Kaufmann is a graduate from the University of Saskatchewan and a registered Professional Geologists with APEGS.

Grant MacKenzie - BA, LLB

Chief Legal Officer

Mr. MacKenzie joined Saturn from Dentons Canada LLP, where he was closely involved with the Company during its transformational growth that started in 2021. Mr. MacKenzie was a partner and Corporate co-lead of Dentons’ Calgary office since 2018, and brings the experience of a legal career spanning over two decades. He has extensive experience advising private and public companies in capital markets, mergers and acquisitions, start-ups, public offerings and stock exchange compliance. He has advised numerous boards and management teams on matters concerning shareholder activism, corporate governance and TSX and TSX Venture Exchange listing matters. Mr. MacKenzie was Corporate Secretary for Saturn from February until September 2022 and has been a member of the Board of Directors since September 2022.

Kevin Smith - MBA

Vice President, Corporate Development

Mr. Smith has 30 years experience in the energy and financial services industries and most recently held the position of Vice President Business Development for Renaissance Oil Corp., since its inception, building the first independent oil and gas producer in Mexico, in over 80 years. Mr. Smith has held senior investment banking roles with Paradigm Capital Inc., Macquarie Capital Markets Canada Ltd. and HSBC Securities Inc., has a Bachelor of Commerce (Distinction) from the University of Alberta and an MBA (Finance) from Ivey School of Business.

Jamie Kuntz

Vice President, Operations

Mr. Kuntz joined us from the acquisition of Ridgeback Resources, with over 20 years of industry experience in oil and gas production, facilities & pipelines, and asset management. His in-depth knowledge of oilfield operations and strong leadership skills drive solid results in production optimization and cost reduction. Mr. Kuntz has worked at O’Rourke Engineering, Peyto Exploration and Development Corp, CanEra Energy Corp, Petrus Resources and Ridgeback Resources Inc. Mr. Kuntz attended Southern Alberta Institute of Technology with a vocation in Energy & Natural Resources and Chemical Process Operations.

Joel Robertson - CPA, BBA

Controller

Mr. Robertson brings over a decade of oil and gas focused accounting experience. He joined Saturn in 2021, previously serving as the Manager, Financial Reporting. Prior thereto, he held positions of increasing responsibility at PFB Corporation and Jupiter Resources, and earlier serviced oil and gas clients at KPMG LLP including international work with the firm in Belgium. Mr. Robertson holds his Chartered Professional Accountant designation and earned a Bachelor of Business Administration from Trinity Western University.

Tyler Cheetham - B. Com.

Vice President, Land

Since 2001 Mr. Cheetham has engaged in Project Management and Landman positions working for oil & gas companies such as Husky Energy and Crescent Point.

With more than a 20-year career with A&D experience, negotiating and Oil & Gas land strategy, Mr. Cheetham leads Saturn’s efforts to facilitate successful land opportunities and advancements.

Mr. Cheetham is a graduate from The University of Lethbridge and a member of the Canadian Association of Land and Energy Professionals (CALEP).

Robert (Bob) Lee

Vice President, Marketing

Mr. Lee has over 35 years of upstream and midstream experience in the energy industry and has held senior positions with producers and pipeline & gas processing companies; most recently as Principal Consultant at Auberon Energy Services and as Vice President Marketing & Commercial with Bellatrix Exploration.
His wide range of industry expertise has been utilized while collaborating alongside Canadian First Nations and International industry partners to develop natural gas infrastructure projects in the Western Canadian Sedimentary Basin. Mr. Lee also co-authored a recent hydrogen feasibility study with the Transition Accelerator group.
Mr. Lee is a graduate of SAIT Polytechnic’s Mechanical Engineering Technology program.

Board of Directors

Bringing a wealth of experience, Saturn’s Board of Directors plays a pivotal role in shaping the company’s future. All Directors are nominated by shareholders at each annual meeting.

John Jeffrey - B.A., MBA

Chief Executive Officer (CEO), Director

Mr. Jeffrey assumed leadership of Saturn in 2016 and previously was the area finance manager for a Fortune 500 engineering consulting firm in Canada. He has a strong background in operations and finance that has allowed him to successfully execute large engineering and environmental projects. Mr. Jeffrey was also a founder and CFO for Axiom Group, a geological and engineering consulting company that has drilled over 800 wells within western Canada. He is a graduate of the University of Saskatchewan with a MBA majoring in Finance.

Andrew Claugus, PE

Director

Mr. Claugus is an entrepreneur and independent businessman, with extensive experience in petroleum engineering. From 2014 to 2022, Mr. Claugus was the Engineering Manager for MECO IV, LLC, which, prior to its acquisition, was a private oil & gas exploration and production company based in Denver, Colorado. Following the sale, Mr. Claugus founded Cerrito Energy, a privately backed oil and gas company investing in non-operated interests in core areas of established basins. Mr. Claugus holds a Master of Engineering in Petroleum Engineering from Colorado School of Mines, and a BsC in Chemical Engineering, from Case Western Reserve University.

Jim Payne

Director

Mr. Payne is currently chief executive officer of dynaCERT Inc., a Canadian company that specializes in delivering Carbon Emission Reduction Technologies to the global marketplace. He brings more than 38 years of experience in strategic leadership roles within both public and private companies, corporate governance, finance and accounting, capital markets, executive leadership and business performance improvements. Mr. Payne also serves as Chief Executive Officer of a privately-held consulting, project management and real estate development company operating in the Greater Toronto Area. Mr. Payne graduated from St. Clair College in Construction Engineering, Project Management and Estimating.

Ivan Bergerman - J.D.

Director

Mr. Bergerman started his career in 2002 practicing primarily general Corporate Commercial, Securities, M&A and Oil & Gas Law with a major Calgary law firm. In 2006, he relocated back to his home town of Saskatoon and continued practicing high-end business law with a major Saskatoon law firm. In 2010, Mr. Bergerman made the decision to strike out on his own and founded what is now Bergerman Smith LLP with principal practice areas including Public Company Advising (having worked with companies listed on the TSXV, TSX, CSE, NASDAQ, NYSE and NYSE MKT LLC), Initial Public Offerings, Exempt Market Distributions, Corporate Governance, M&A, Corporate Structuring & Restructuring, Financing, Natural Resources, Intellectual Property and General Corporate and Commercial. He is a graduate from the University of Saskatchewan, College of Law.

Christopher Ryan

Director

Mr. Ryan is the CEO of Broadbill Energy Inc, an oil and gas technology infrastructure company. Prior to that, he was the Director of Midstream and Director of Operation Services for Kingston Midstream (formally Tundra Energy Marketing Ltd) and Exploitation Engineer with Tundra Oil and Gas. He has published 25 scientific publications, many of which were published during his time as a Research Scientist at the Canadian Light Source Inc. Chris currently sits on the Board for the Canadian Crude Quality Technical Association (CCQTA) as the Director of Midstream, and he is the Co-Chair of the Sampling and Frequency Working Group for the Crude Oil Quality Association (COQA). Chris is also an honorary founding member of the Global Institute of Water Security and is on various Canadian Association of Petroleum Producers (CAPP) Committees, specifically the CAPP Equalization Steering Committee and is a voted Working Group member of the Canadian Transportation of Dangerous Goods General Policy Advisory Council for Classification.

Dr. Thomas Gutschlag

Director

Dr. Gutschlag – currently the Chairman of Deutsche Rohstoff AG (“DRAG”), a public company listed on the Frankfurt Stock Exchange which identifies, and develops resource projects globally, with a focus on oil and gas development in the United States. Dr. Gutschlag cofounded DRAG in 2006, was its Chief Financial Officer from 2007 to 2015 and was its Chief Executive Officer from 2015 to 2022. Dr. Gutschlag is a qualified economist with a degree in economics from the University of Heidelberg and a doctorate from the University of Mannheim.

Grant MacKenzie - BA, LLB

Chief Legal Officer (CLO), Director

Mr. MacKenzie joined Saturn from Dentons Canada LLP, where he was closely involved with the Company during its transformational growth that started in 2021. Mr. MacKenzie was a partner and Corporate co-lead of Dentons’ Calgary office since 2018, and brings the experience of a legal career spanning over two decades. He has extensive experience advising private and public companies in capital markets, mergers and acquisitions, start-ups, public offerings and stock exchange compliance. He has advised numerous boards and management teams on matters concerning shareholder activism, corporate governance and TSX and TSX Venture Exchange listing matters. Mr. MacKenzie was Corporate Secretary for Saturn from February until September 2022 and has been a member of the Board of Directors since September 2022.

S. Janet Yang MBA, BA

Director

Ms. Yang is Research Director, Energy and Mining at GMT Capital Corp. Prior to joining GMT Capital Corp., from 2018 to 2023, Ms. Yang was the Executive Vice President and Chief Financial Officer of W&T Offshore, Inc., a Texas based oil & gas exploration and production company traded on the New York Stock Exchange. Ms. Yang has extensive experience in finance and capital raising, and holds an MBA from the Booth School of Business at the University of Chicago, and a BA in Economics from Rice University.