Saturn’s focus has been to acquire premium light oil assets with proven production. The Viking has provided high netbacks with strong capital efficiencies. We are actively expanding our portfolio via acquisition and development.
Saturn’s Viking operations are considered their core cash-flow asset. The main focus areas are Prairiedale, Loverna, Milton, Kerrobert and Plato. The production profiles, oil density (36 – 40 API) 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.
Saturn’s Success reserves are considered their core growth assets. This formation provides one of the lowest decline rates and highest EUR numbers in West-Central Saskatchewan. The expanding land position further deepens Saturn’s well inventory and development provides continual decline stabilization.