- Saturn Oil & Gas (SOIL) has announced the results of the independent reserves evaluation of the company’s crude oil and natural gas assets
- CEO John Jeffrey sat down with Shoran Devi to highlight the results
- The Reserve Report evaluated the Oxbow Asset and the Viking Asset
- Highlights include a 668 per cent year over year increase in Total Proved + Probable (TP+P) reserves
- Saturn Oil & Gas Inc., a Canadian energy company, opened trading at C$2.90 per share
Saturn Oil & Gas (SOIL) has announced the results of the independent reserves evaluation of the company’s crude oil and natural gas assets effective December 31, 2021.
The evaluation is in compliance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (NI 51-101) and in accordance with the Canadian Oil and Gas Evaluation Handbook.
CEO John Jeffrey sat down with Shoran Devi to highlight the results.
The report evaluated the Oxbow Asset and the Viking Asset and is highlighted by:
- A 668 per cent year over year increase in Total Proved + Probable (TP+P) reserves
- Long reserve life index (RLI) of 8.7 years Proved Developed Producing (PDP) and 19.2 years TP+P
Saturn Oil & Gas Inc. is a Canadian energy company focused on generating positive shareholder returns through the continued responsible development of high-quality, light oil-weighted assets, supported by an acquisition strategy that targets highly accretive, complementary opportunities.
Saturn Oil & Gas Inc. (SOIL) opened trading at C$2.90 per share.