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Saturn Oil & Gas Announces Corporate Update Highlighted by Increased 2025 Forecast Production, Reduced Capital Expenditures, Strategic Tuck-In Activity and Appointment of Independent Board Member, Lynn Peterson
Year-to-date asset outperformance, opportunistic tuck-in acquisitions and land expansion in south...
About this update from Saturn Oil & Gas Inc.
[{"type":"text","content":"Saturn Oil & Gas Announces Corporate Update Highlighted by Increased 2025 Forecast Production, Reduced Capital Expenditures, Strategic Tuck-In Activity and Appointment of Independent Board Member, Lynn PetersonYear-to-date asset outperformance, opportunistic tuck-in acquisitions and land expansion in southeast Saskatchewan drove capital expenditure reduction and increased 2025 forecast production, with no impact to previously guided leverage metrics2025 exit production forecast at 43,000 to 44,000 boe/d(1), a 12% increase over the midpoint of original annual production guidance of 38,000 to 40,000 boe/d(1), while forecast 2025 annual average production per share increases 8% over previous estimatesBudgeted development capital expenditures(3) reduced 18% to $245 to $265 million from $300 to $320 million, with year end 2025 forecast leverage ratios remaining as guided at 1.2 to 1.4 times net debt to adjusted EBITDA(3)Appointment of Lynn A. Peterson, former Executive Chair of Chord Energy Corporation (NYSE: CHRD), to Saturn's Board of DirectorsCalgary, Alberta--(Newsfile Corp. - September 8, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (\"Saturn\" or the \"Company\"), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, is pleased to announce a corporate update which reflects Saturn's year-to-date operational outperformance, including new drill volumes that have averaged nearly 1,000 boe/d higher than original forecasts; a $50 to $60 million reduction in our 2025 capital expenditure(3) budget; the pro-forma impact of tuck-in acquisition activity; and the expansion of our Saskatchewan land base, supporting further open hole multi-lateral (\"OHML\") development in the Bakken. In addition, Saturn is pleased to announce the appointment of Mr. Lynn A. Peterson to the Company's Board of Directors as its newest independent member. \"Our ability to enhance the Company's asset base and deliver higher production, increase our development inventory, and improve our per share metrics is a testament to the strength of our blueprint strategy and our disciplined execution,\" said John Jeffrey, CEO of Saturn. \"Given prevailing uncertainty around commodity prices, we elected to curtail some of our drilling activity and instead further consolidate in our core areas a...