11:23 AM EDT, 09/25/2018 (MT Newswires) -- Saturn Oil & Gas Inc. (SOIL.V) reports that its three 100% working interest Viking horizontal wells that were brought online in August 2018 have exceeded the company's internally assigned type curve with initial production rates averaging over 110 barrels of oil per day. These initial rates were the catalyst to the immediate development program currently underway. The results of the Kerrobert extended reach horizontal Viking has identified 13 additional horizontal locations, 5 of which are being drilled prior to end of Q1/2019. The results of the Prairiedale extended reach horizontal Viking has identified 15 additional horizontal locations, 6 of which are being drilled prior to end of Q1/2019.

Saturn also announced that it has appointed Simon Akit to the board. Akit joined Canaccord Genuity in 2008. He is a Managing Director and Global Head of Energy Sales covering Canadian, U.S., and European funds with the firm's global energy product. He has over 20 years of experience between capital markets and the oil and gas industry.

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