Saturn Oil & Gas Down 9% Although "Confirms a Strong" 2019 Exit Production Rate and Q1 2020 Drilling Program Details

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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Saturn Oil & Gas Down 9% Although "Confirms a Strong" 2019 Exit Production Rate and Q1 2020 Drilling Program Details

posted on Jan 09, 2020 11:00AM

2020-01-09 10:31:39 AM ET (MT Newswires)

10:31 AM EST, 01/09/2020 (MT Newswires) -- Energy company Saturn Oil & Gas (SOIL.V) said Thursday that it exited the year with production over 1,200 barrels per day (bbls/d), exceeding its 1,000 bbls/d target.

For Q1, the company expects drilling program to include DCET of four (4.0 net) ERH Viking light oil wells. The program is budgeted at approximately $4 million.