- Saturn Oil & Gas (SOIL) has acquired assets in the Viking area of Saskatchewan and completed a $400,000 non-brokered private placement
- The Viking acquisition will position Saturn as as a sustainable developer of light oil in Canada
- John Jeffrey, CEO of Saturn, sat down with Daniella Atkinson to discuss the news
- Saturn Oil & Gas is a Canadian energy company
- Saturn Oil & Gas Inc. (SOIL) opened trading at C$2.25
Saturn Oil & Gas (SOIL) has acquired assets in the Viking area of Saskatchewan for $248 million in cash.
The company has also completed a non-brokered private placement for gross proceeds of $400,326.
John Jeffrey, CEO of Saturn, sat down with Daniella Atkinson to discuss the news.
“With the closing of the Viking Acquisition, Saturn is firmly established as a sustainable developer of light oil in Canada. We now have a total inventory of over 500 (gross) booked drilling locations in addition to an extensive list of optimization candidates in our existing portfolio of wells and facilities allowing Saturn the internal capabilities to organically grow production while also aggressively reducing corporate debt levels.”
Saturn Oil & Gas Inc. is a growing Canadian energy company focused on the continued development of high-quality, light oil weighted assets in Saskatchewan.
Saturn Oil & Gas Inc. (SOIL) opened trading at C$2.25.