Saturn is a pure play Saskatchewan, light oil weighted oil and gas producer focused on organic growth and accretive acquisitions.

In June 2021, Saturn acquired the Oxbow Asset in Southeast Saskatchewan increasing the Company’s production by 2,000%.

With a deep inventory of 350+ booked drilling location targeting light oil, Saturn has commenced its 2021 field development operations with a program of workovers and development drilling.

Oxbow Asset
With over 450 net sections of land, Saturn is well positioned in one of the most economic oil plays in North America. Base production is 95% weighted to high quality crude oil and low declines (~13%), creating substantial and stable free cash flow to fuel Saturn’s growth plans. The Oxbow asset produces primarily from the Frobisher and Midale formations and has a sizable inventory of targets for workovers, development drilling and optimization. Robust netbacks creates strong economic returns and fast payback cycles from growth capital expenditures. With over 200 drilling locations booked by third party evaluation and 100+ additionally identified locations, Saturn has a multi-year inventory of highly commercial growth opportunities.

Viking Asset
Saturn’s Viking Asset is a core growth asset. The main focus areas are Prairiedale, Loverna, Milton, Kerrobert and Plato areas targeting the Viking light oil formation. The production profiles, high quality light oil and repeatable economics are what makes this play one of the most consistent and fastest payout reservoirs produced in the world. The Loverna and Prairiedale areas are characterized by high initial production, with quick payouts and a high operating netback. While the Milton, Kerrobert and Plato properties have lower declines, providing high estimated ultimate recovery (EUR) numbers and stable cash flow. Viking wells provide some of the fastest project payouts in the industry and Saturn will continue to focus development on this formation with its 100+ booked locations.