Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Saturn Oil & Gas (SOIL) has acquired assets in the Viking area of Saskatchewan and completed a $400,000 non-brokered private placement
  • The Viking acquisition will position Saturn as as a sustainable developer of light oil in Canada
  • John Jeffrey, CEO of Saturn, sat down with Daniella Atkinson to discuss the news
  • Saturn Oil & Gas is a Canadian energy company
  • Saturn Oil & Gas Inc. (SOIL) opened trading at C$2.25

Saturn Oil & Gas (SOIL) has acquired assets in the Viking area of Saskatchewan for $248 million in cash.

The company has also completed a non-brokered private placement for gross proceeds of $400,326.

John Jeffrey, CEO of Saturn, sat down with Daniella Atkinson to discuss the news.

“With the closing of the Viking Acquisition, Saturn is firmly established as a sustainable developer of light oil in Canada. We now have a total inventory of over 500 (gross) booked drilling locations in addition to an extensive list of optimization candidates in our existing portfolio of wells and facilities allowing Saturn the internal capabilities to organically grow production while also aggressively reducing corporate debt levels.”

Saturn Oil & Gas Inc. is a growing Canadian energy company focused on the continued  development of high-quality, light oil weighted assets in Saskatchewan.

Saturn Oil & Gas Inc. (SOIL) opened trading at C$2.25.

More From The Market Herald

" @ the Bell: Indexes overcome muted performance

Despite a split among the indices, Canada’s benchmark stock index closed higher on Thursday thanks to a rebound in commodity prices.
Montney

" Crew Energy (TSX:CR) announces $130 million non-core asset disposition and partial redemption of outstanding senior unsecured notes

Crew Energy (CR) has completed the sale of certain non-core assets at Attachie and Portage in NE British Columbia for gross proceeds of
The Market Herald Video

" Tocvan Ventures (CSE:TOC) announces latest drill results from Pilar

Tocvan Ventures Corp. (TOC) has completed the latest stage of drilling at its Pilar Au-Ag Project in Sonora, Mexico.
The Market Herald Video

" Avalon (TSX:AVL) provides update on Separation Rapids lithium project

Work continues on Avalon’s (AVL) demonstration Dense Media Separation (DMS) plant for the Separation Rapids Lithium Project north of Kenora, Ontario.