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Saturn’s three core operating areas feature oil-weighted, low-decline and high-return plays targeting multiple stacked oil zones.

Southeast Saskatchewan

Anchor Area with High Rate of Return, Abundant Seismic Coverage, Large Scale Owned Infrastructure

West Saskatchewan

Resource Plays, High Repeatability, Steady Production and Cash Flow

Central Alberta

Resource Play, Large Prospect Inventory, Significant Expansion Potential

SE SASKATCHEWAN

Bakken / Oungre / Torquay / Conventional / Mississippian / Spearfish

  • Oxbow
  • Viewfield
  • Flat Lake
WEST SASKATCHEWAN

Viking / Roseray / Success / Shaunavon

  • Kindersley
  • Herschel
  • Plato
  • Battrum
CENTRAL ALBERTA

Cardium / Montney

  • Kaybob
  • West Pembina
  • East Pembina
  • Brazeau
  • Lochend

~2,500

Estimated Identified Drilling Locations

~18 Years

Development Inventory

41,142 boe/d

Q3 2025 Production

The Saturn Blueprint

Saturn follows a strategic blueprint designed to enhance our size, scale and production per share metrics. We focus on streamlining costs and optimizing asset performance to deliver long-term value creation for shareholders.

Acquire mid-life cycle assets at attractive valuations & integrate seamlessly
Optimize to reduce costs by streamlining operations, optimizing volumes & improving margins
Develop to expand reserves and locations, enhance asset performance & drive free funds flow generation
Target ≤1.0x net debt to adjusted EBITDA 12-18 months after acquisitions and look to repeat the blueprint

Southeast Saskatchewan

Our SE Saskatchewan assets deliver high rates of return, supported by extensive 3D seismic data, large-scale owned infrastructure, and a large inventory of multi-zone drilling locations.

In our SE Saskatchewan area, Open Hole Multi-Lateral (OHML) development is a cornerstone of our program, supplemented by conventional development and the advancement of waterfloods in the Torquay at Flat Lake and the Bakken in our Viewfield area.

Play Types

  • Bakken at Viewfield

  • Torquay, Oungre + Bakken at Flat Lake

  • Conventional Mississippian: Midale, Frobisher, Tilston, Spearfish at Oxbow

55

Of Q3 2025 Volumes

90

Oil and Liquids Weighting

22,669

Boe/d in Q3 2025

West Saskatchewan

Saturn's West Saskatchewan assets feature highly repeatable resource plays with steady production and consistent cash flows, supported by blending infrastructure that can enhance economics.

Saturn’s development in the Viking formation at Kindersley, Herschel, and Plato leverages our large inventory of de-risked drilling locations to drive predictable production rates and stable cash flows. In Battrum, the Company is targeting development of the Lower Shaunavon formation, and waterflooding in the Viking to maintain reservoir pressure and improve recovery. These efforts support stable production and long-term value across the portfolio.

Play Types

  • Viking at Kindersley, Herschel and Plato

  • Lower Shaunavon at Battrum

  • Waterflooding the Viking at Battrum

17

Of Q3 2025 Volumes

98

Oil and Liquids Weighting

6,974

Boe/d in Q3 2025

Central Alberta

Saturn's Central Alberta asset base provides access to a robust resource play with a large inventory of drilling locations, offering significant long-term development potential.

In the Cardium at Brazeau (West and East Pembina) and Lochend, Saturn is drilling longer lateral wells to improve reservoir access and capital efficiencies while minimizing our surface footprint. Additionally, the Montney oil window at Kaybob strengthens Saturn’s portfolio with highly economic, de-risked development opportunities with fast payback drilling locations. Together, these plays are characterized by predictable reservoir properties, high initial deliverability, and long-term stable production.

Play Types

  • Cardium at Brazeau (W./E. Pembina) and Lochend

  • Montney Oil Window at Kaybob

28

Of Q3 2025 Volumes

52

Oil and Liquids Weighting

11,499

Boe/d in Q3 2025