Saturn Oil & Gas Inc. Continues to Grow Land Position in Flaxcombe Area
24 April 2021
SASKATOON, SASKATCHEWAN – April 24th, 2018 - Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SMI) (FSE: SMK) is pleased to announce that the Company has successfully acquired two additional sections of land in the Flaxcombe area. This brings the Company’s total land holdings to 17.0 gross sections (12.5 net) of land in west-central Saskatchewan.
The two sections acquired were Crown land purchased from a major producer in the Flaxcombe area. The two sections are contiguous and adjacent to Saturn’s existing sections with rights from surface to base Mannville Group. Saturn’s technical team has identified a number of drill locations through 3D seismic and petrophysical logs that target the Success formation. The Company has licensed one horizontal and one vertical Success well on the new sections and intends to drill them in Q3/2018.
“We have put a lot of focus on our development plan for the Success formation. We see the increase in drilling activity of the Success formation and have ensured the land position we hold will build a sustainable inventory of horizontal drill locations. Saturn is excited to drill its first Success horizontal in the Flaxcombe area,” stated Justin Kaufmann, VP Exploration with the Company.
About Saturn Oil & Gas Inc.
Saturn Oil & Gas Inc. (TSX.V: SMI) (FSE: SMK) is a public energy Company focused on the acquisition and development of undervalued, low risk assets. Saturn is driven to build a strong portfolio of cash flowing assets with strategic land positions. De-risked assets and calculated execution will allow Saturn to achieve growth in reserves & production through retained earnings. Saturn's portfolio will become its key to growth and provide long-term stability to shareholders.
To learn more, please contact the Company at 1 (306) 955-9946 or visit: www.saturnoil.com
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