- Saturn Oil & Gas (SOIL) released its financial and operating results for the three and six months ended June 30, 2022
- Generated record quarterly petroleum and natural gas sales of $82.2 million on production of 7,324 boe/d
- Attained record quarterly adjusted funds flow of $14.5 million ($0.45 per basic share)
- Company CEO, John Jeffrey sat down with Sabrina Cuthbert to discuss the results
- Saturn Oil & Gas Inc. (SOIL) opened trading at C$2.49
Saturn Oil & Gas (SOIL) released its financial and operating results for the three and six months ended June 30, 2022.
Highlights:
Generated record quarterly petroleum and natural gas sales of $82.2 million on production of 7,324 boe/d
Achieved record quarterly adjusted EBITDA of $18.0 million, driven by the highest operating netbacks achieved since the closing of the Oxbow acquisition in June 2021
Attained record quarterly adjusted funds flow of $14.5 million ($0.45 per basic share)
Drilled three horizontal wells in the Oxbow area, targeting Frobisher light oil, with a 100 per cent success rate
The company’s CEO, John Jeffrey sat down with Sabrina Cuthbert to discuss the results.
“Saturn’s focus on enhancing the company’s oil production capabilities through accretive acquisitions in the first half of 2022 has set the foundation for fully funded future organic growth through development drilling and concurrent rapid debt repayment.”
Saturn Oil & Gas Inc. is a 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$2.49
