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Message: TSXV-Listed Saturn Oil & Gas Starts Drilling of 20 Well Horizontal Program

 

 
2018-09-17 11:15:27 AM ET (MT Newswires)
   
   

11:15 AM EDT, 09/17/2018 (MT Newswires) -- Saturn Oil & Gas (SOIL.V) said Monday that it has commenced drilling of its 20 well horizontal drill program that will run to the end of Q1 2019.

The program will consist of 17 Viking light oil wells, primarily extended reach horizontals over their Kerrobert, Prairiedale, Milton, and Plato assets.

COO Scott Newman said: "This 20 well horizontal program is the culmination of a year of planning, strategic land acquisitions and de-risking assets. A development program of this scale provides us the means to achieve our corporate goal of exiting 2018 with a production rate in excess of 1,200 barrels of oil per day."

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