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Saturn Oil & Gas Inc. is a Canadian energy company focused on developing high-quality, light oil weighted assets. With a commitment to generating positive shareholder returns, the company pursues an acquisition strategy for complementary opportunities. Saturn's assets include operated assets in Southeastern Saskatchewan, West Central Saskatchewan, and Central Alberta, providing long-term drilling opportunities across multiple zones. The company aims to increase reserves, production, and cash flows while maintaining an ESG-focused culture.
Recent achievements include exceeding expected production rates in the Brazeau area of Central Alberta and Southeast Saskatchewan. Saturn is committed to responsible development and enhancing returns on invested capital. The company has successfully completed drilling programs and acquisitions, positioning itself for growth and profitability.
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Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) announces successful drilling results in Southeast Saskatchewan and Central Alberta, with initial production results exceeding type curve expectations. The company is on track to drill up to 48 gross operated wells in 2023, with a strong focus on light oil production.
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Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) reports record quarterly adjusted EBITDA of over $100 million in Q3 2023, driven by record corporate production and operational efficiencies. Key highlights include 140% increase in average production, $201.1 million in petroleum and natural gas sales, and record quarterly adjusted funds flow of $76.5 million.
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Saturn Oil & Gas Inc. placed No. 18 on Canada's Top Growing Companies ranking with three-year growth of 1,929%. The company now has over 280 employees. Saturn's CEO is excited for future accomplishments. 425 companies earned a spot on this year's ranking. Saturn will be presenting at upcoming conferences.
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Saturn Oil & Gas Inc. announces operations update with better well performance and lower capital spending
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Saturn Oil & Gas Inc. reports record quarterly production and cash flow for the three months ended June 30, 2023. The company achieved a record average production of 25,988 boe/d, with petroleum and natural gas sales of $176.0 million. Adjusted EBITDA reached $92.9 million, and adjusted funds flow totaled $67.0 million. Saturn's drilling program is now underway in Alberta and Saskatchewan, focusing on developing light oil production in economically viable plays.
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Saturn Oil & Gas Inc. announces the expiration of majority of outstanding warrants and the acquisition of additional common shares by GMT Capital Corp. The cancellation of dilutive warrants and options resulted in the removal of 30,536,134 securities.
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FAQ
What is the current stock price of Saturn Oil Gas (OILSF)?
The current stock price of Saturn Oil Gas (OILSF) is $1.4479 as of February 21, 2025.
What is the market cap of Saturn Oil Gas (OILSF)?
The market cap of Saturn Oil Gas (OILSF) is approximately 296.2M.
What is Saturn Oil & Gas Inc. focused on?
Saturn is focused on developing high-quality, light oil weighted assets in Canada.
What are Saturn's recent achievements?
Saturn has exceeded expected production rates in the Brazeau area of Central Alberta and in Southeast Saskatchewan.
What is Saturn's commitment to shareholders?
Saturn is committed to generating positive shareholder returns through responsible development and acquisition strategies.
Where does Saturn operate?
Saturn operates in Southeastern Saskatchewan, West Central Saskatchewan, and Central Alberta.
What is Saturn's goal?
Saturn's goal is to increase reserves, production, and cash flows while maintaining an ESG-focused culture.
What recent drilling programs has Saturn completed?
Saturn has completed successful drilling programs in the Brazeau area of Central Alberta and Southeast Saskatchewan.
How does Saturn aim to enhance returns on invested capital?
Saturn aims to enhance returns on invested capital through responsible development and strategic acquisitions.
What is Saturn's strategy for growth?
Saturn's strategy for growth includes pursuing complementary opportunities and maintaining a focus on light oil assets.
What assets does Saturn own?
Saturn owns operated assets in Southeastern Saskatchewan, West Central Saskatchewan, and Central Alberta.
How does Saturn contribute to ESG initiatives?
Saturn contributes to ESG initiatives by fostering an ESG-focused culture in its operations.
Saturn Oil Gas