Saturn Oil & Gas Inc. (TSE:SOIL) has released an update.
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Saturn Oil & Gas Inc. has reported strong initial production results in Q1 2024 from nine new wells, significantly exceeding expected production rates, particularly with their first development in the Brazeau area of Central Alberta for Cardium light oil and natural gas. The company’s operations in Southeast Saskatchewan also surpassed expectations, contributing to a corporate production estimate of 28,000 boe/d for April 2024, with 77% comprised of light oil and NGLs. These developments underline Saturn’s continued growth and success in enhancing production rates and returns on investment.
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