Welcome to our dedicated page for Saturn Oil Gas news (Ticker: OILSF), a resource for investors and traders seeking the latest updates and insights on Saturn Oil Gas stock.
Saturn Oil & Gas Inc. (OILSF) is a Canadian energy producer specializing in light oil development through advanced horizontal drilling and open-hole multi-lateral (OHML) technologies. This page provides investors with essential updates on corporate developments, operational milestones, and strategic initiatives.
Access real-time press releases and curated analysis covering earnings reports, acquisition activity, and production updates from Saskatchewan and Alberta operations. Our news collection serves as a centralized hub for tracking the company's cost-efficient drilling programs, asset optimization strategies, and market positioning.
Key updates include quarterly financial results, technical innovations in oil recovery, and progress on capital allocation priorities. Investors will find timely information on operational netbacks, drilling inventory expansion, and risk management practices critical to evaluating OILSF's performance.
Bookmark this page for streamlined access to verified information about Saturn Oil & Gas. Check regularly for new developments impacting the company's free cash flow generation and long-term growth in Western Canada's energy sector.
Saturn Oil & Gas (OTCQX:OILSF) reported strong Q2 2025 results, with production of 40,417 boe/d exceeding guidance. The company achieved significant debt reduction of $119 million compared to Q1 2025, bringing net debt to $695 million. Financial performance was robust with adjusted funds flow of $109 million ($0.56/share) and record free funds flow of $93 million ($0.48/share).
Key operational highlights include net operating expenses of $18.28/boe, beating guidance, and strong well performance with several top-ranking wells in Saskatchewan. The company enhanced shareholder returns through its share buyback program, contributing to total shareholder returns of ~$24 million since August 2024.
Looking ahead, Saturn plans Q3 2025 capital expenditures of $80-90 million for drilling approximately 21 wells, with Q3 production guidance of 37,000-38,000 boe/d. The company is also initiating its first Viewfield waterflood project to enhance oil recovery.
Saturn Oil & Gas (OTCQX:OILSF), a light oil-weighted producer operating in Saskatchewan and Alberta, has scheduled the release of its Q2 2025 financial results for Wednesday, July 30, 2025, after market close.
The company will host a conference call and webcast on Thursday, July 31, 2025, at 8:00 AM MT (10:00 AM ET). Saturn's leadership team will present the quarterly results followed by a Q&A session. The webcast replay will be available for 12 months following the call.
Saturn Oil & Gas Inc. (OTCQX: OILSF) has completed its substantial issuer bid, purchasing 1,608,182 common shares at $2.15 per share, for a total of $3,457,591 excluding fees and expenses. The purchased shares represent approximately 0.8% of the company's outstanding shares prior to the offer.
Following the share repurchase, Saturn has 193,318,469 shares remaining outstanding. The company estimates shareholders who sold shares won't receive a taxable dividend, based on the estimated paid-up capital of $2.18 per share. Saturn plans to resume its Normal Course Issuer Bid (NCIB) program until its expiry on August 26, 2025.
Saturn Oil & Gas (OTCQX:OILSF) has announced the renewal of its $150 million syndicated credit facility following a semiannual review. The facility includes an uncommitted accordion feature allowing for a $100 million expansion, potentially increasing the total to $250 million.
The Credit Facility, which remains fully undrawn, consists of a $100 million reserve-based credit facility and a $50 million operating facility. Saturn maintains a strong financial position with approximately $80 million in cash as of Q1 2025. The facility is led by National Bank of Canada and includes ATB Financial and Goldman Sachs Bank USA.
Saturn Oil & Gas Inc. (OILSF) held its Annual General Meeting on May 22, 2025, with a strong shareholder turnout of 74.12% of total outstanding shares (145,965,898 common shares). Shareholders approved all proposed matters, including fixing the number of directors at eight with 97.43% approval. All eight director nominees were successfully elected, with S. Janet Yang and Andrew Claugus receiving the highest approval rates at 99.83% and 99.88% respectively. Christopher Ryan and Grant MacKenzie received lower but sufficient approval rates of 64.63% and 69.94%. Shareholders also approved the appointment of KPMG LLP as the company's auditor with 99.99% support.
Saturn Oil & Gas (TSX: SOIL) (OTCQX: OILSF), a light oil-weighted producer focused on Saskatchewan and Alberta assets, has scheduled the release of its Q1 2025 financial results for Wednesday, May 7, 2025, after market close.
The company will host a conference call and webcast on Thursday, May 8, 2025, at 8:00 am MT (10:00 am ET). The event will feature Saturn's leadership team presenting an overview of Q1 2025 results, followed by a Q&A session. Investors, analysts, brokers, and media can access the call through:
- North America Toll-Free: 1-833-752-3741
- International: 1-647-846-8678
- Webcast: https://www.gowebcasting.com/14024
An audio replay will be available one hour post-call and remain accessible for 12 months via the webcast link and Saturn's website.
Saturn Oil & Gas Inc. (OILSF) reports strong Q1/25 performance with production exceeding 41,600 boe/d, surpassing quarterly guidance of 39,500-40,500 boe/d. The company's capital program of $73 million resulted in drilling 33 gross wells, achieving 20% above internal type curves performance.
Key highlights include:
- Repurchased US$15 million of senior notes below par value, reducing outstanding balance to US$586 million
- Continued share buybacks with 3.4 million shares repurchased in 2025, totaling 7.9 million shares since August 2024
- Record IP30 production of 340 bbls/d from the 11-04 Frobisher Mississippian well
- Implementation of waterflood projects with three Torquay producers converted to injectors
- Recognized by Financial Times as fastest-growing energy company across Americas
The company maintains a robust hedging strategy with 50-60% of PDP barrels hedged over 12 months and secured collars on 5,000 bbl/d at C$100-110/bbl floor-ceiling for 2025.