TSXV-Listed Saturn Oil + Gas Inc. Provides Operational and Corporate Update

Advancing a portfolio of coal & oil projects in Saskatchewan and Manitoba

Company has made the thickest coal seam intersections ever encountered in Canada at 88 metres

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TSXV-Listed Saturn Oil + Gas Inc. Provides Operational and Corporate Update

posted on Aug 31, 2017 02:07PM

2017-08-31 12:41:00 PM ET (MT Newswires)

12:41 PM EDT, 08/31/2017 (MT Newswires) -- Saturn Oil + Gas Inc. (SMI.V) is up 11% after announcing that it has successfully recompleted the wellbore in Flaxcombe and earned its 50% interest in production. Permanent surface equipment has been installed and the well is now on production with a projected IP30 date of late September.

Based on the initial results of the recent recompletion and interpretation of 3D seismic, the Company has planned an additional recompletion on its Flaxcombe property. The recompletion of this delineation well is anticipated to commence in mid-September.

Additionally, the Company has engaged Deloitte to produce a Corporate Reserves Evaluation. The Company expects to produce the results of the Corporate Reserves Evaluation in early September.