Amended and Restated Press Release - Saturn Oil & Gas Inc Announces Transformational Light Oil Asset Acquisition of 6,700 boe/d to Become One of the Leading Producers and Land Holders in Southeast Saskatchewan
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Saturn Oil & Gas Inc. Announces Transformational Light Oil Asset Acquisition of 6,700 boe/d to Become One of the Leading Producers and Land Holders in Southeast Saskatchewan
Mission is to continue to be an acquirer of accretive assets in Western Canada
Acquisition builds on Saturn s existing environmental, social and governance ( ESG ) performance, while supplying responsibly-produced ethical Canadian crude oil to service global market demand
Calgary, Alberta (Newsfile Corp. - May 13, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ( Saturn or the Company ) is pleased to announce that it has entered into an arms-length definitive agreement to acquire assets in the Oxbow area of Southeast Saskatchewan (the Oxbow Assets or the Acquisition ) for approximately $93 million, funding for which is outlined below.