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. (OTCQX: OILSF; TSX: SOIL) generates a steady flow of news as a returns-driven Canadian energy company focused on light oil weighted assets in Saskatchewan and Alberta. The company’s updates frequently cover its development programs, capital allocation decisions and corporate transactions, giving investors insight into how management is applying its stated "Blueprint" strategy.
News releases often detail Saturn’s drilling activity in core areas such as southeast Saskatchewan and Central Alberta, including open hole multi-lateral wells in the Bakken and Mississippian formations and extended reach horizontal wells in the Cardium. The company also reports on waterflood initiatives, production performance relative to guidance, and the impact of tuck-in acquisitions and land purchases on its inventory of drilling locations.
Saturn’s communications regularly address financial and capital structure topics, such as free funds flow, net debt reduction, use of a syndicated credit facility, and share repurchases through a normal course issuer bid and substantial issuer bid. Corporate updates may also highlight guidance for development capital expenditures, production forecasts and the allocation of capital between drilling, optimization, waterflood projects and acquisitions.
In addition, Saturn issues announcements on corporate matters, including the renewal of its credit facility, approval of share buyback programs and board-level changes, as well as structural steps like the vertical short-form amalgamation with its wholly-owned subsidiaries. Investors following OILSF news can use this page to review earnings releases, budget and guidance updates, acquisition announcements, capital market actions and other disclosures that the company provides through its regular newsflow.
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.
Saturn Oil & Gas Inc. (OILSF) reported strong Q4 and full-year 2024 results, achieving record production of 41,051 boe/d in Q4 (82% oil and liquids) and exit volumes of 41,908 boe/d. The company generated Adjusted Funds Flow of $380.1 million ($2.10/share) in 2024 and $129.2 million ($0.64/share) in Q4.
Key financial highlights include $133.8 million in free funds flow for 2024, representing a 39% yield. Operating costs improved to $18.35 per boe in Q4. The company invested $246.3 million in capital expenditures during 2024, drilling 97 wells.
Notable achievements include:
- Net debt of $860.2 million at year-end 2024
- Repurchased 6.7 million shares through NCIB program
- 42% increase in Proved Developed Producing reserves to 86.7 million boe
- Net Asset Value of $5.56/share on proved developed producing reserves
Saturn Oil & Gas (TSX: SOIL) (OTCQX: OILSF), a light oil-weighted producer in Saskatchewan and Alberta, has announced it will release its Q4 and full year 2024 financial results along with the year-end 2024 independent reserves evaluation on Thursday, March 13, 2025 after market close.
The company will host a conference call and webcast on Friday, March 14, 2025, at 8:00 a.m. MT (10:00 a.m. ET) featuring Saturn's leadership team discussing the annual results and reserves, followed by a Q&A session. The webcast will be available for replay for 12 months after the event.
Saturn Oil & Gas reported Q4/24 production exceeding 41,000 boe/d, surpassing their previous guidance of 39,000-40,000 boe/d. The company completed 33 gross wells in Q4/24, with new wells performing above internal type curve estimates. The success was attributed to strong drilling programs in Flat Lake and Battrum fields, along with improvements across development areas acquired through the Ridgeback Resources transaction.
The company accelerated some Q1/25 development capital into Q4/24, increasing Q4/24 capital expenditures by $5-7 million above the previously guided $90-95 million. Notable achievements include successful drilling of their first six-leg horizontal Spearfish well and strong performance in the Viewfield Bakken wells, exceeding type curve estimates by 20%.
Saturn continues its share buyback program, having purchased approximately 5.5 million shares through January. Insiders acquired about 440,000 shares in December 2024 and January 2025, investing nearly $1 million.
Saturn Oil & Gas (TSX: SOIL) (OTCQX: OILSF) has completed two significant corporate restructuring moves effective January 2025. First, the company executed a vertical short-form amalgamation with its wholly-owned subsidiary, Saturn Holdings SK on January 1. Second, on January 3, the company completed its continuance from Saskatchewan to Alberta jurisdiction, which was previously approved by shareholders with 94.94% support in May 2024.
These corporate actions aim to streamline operations and reduce expenses. The amalgamation consolidates Saturn's asset base and development activities under one corporate entity, while the continuance to Alberta aligns with the company's Calgary head office location and management presence. No action is required from existing shareholders, and share certificates remain unaffected by these changes.