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Last $0.13 USD
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SAEUF On Other Exchanges
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

saturn minerals inc (SAEUF) Snapshot

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05/30/14 - $0.21
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10/30/14 - $0.11
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saturn minerals inc (SAEUF) Details

Saturn Minerals Inc., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of energy and resource deposits in Canada. The company explores for coal, and oil and gas properties in Saskatchewan and Manitoba. As of September 30, 2014, it owned approximately 287 square kilometers of coal rights in eastern Saskatchewan and western Manitoba; and 152,484 hectares of oil and gas rights in the northern Williston Basin in eastern Saskatchewan. The company was incorporated in 2001 and is headquartered in Vancouver, Canada.

Founded in 2001

saturn minerals inc (SAEUF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$72.0K
Chief Financial Officer
Total Annual Compensation: C$20.6K
Compensation as of Fiscal Year 2013.

saturn minerals inc (SAEUF) Key Developments

Saturn Minerals Inc. Receives Permit & License to Drill its First Oil Well at Bannock Creek Property

Bayhorse Silver Inc. announced that Saturn Minerals Inc. has been granted a Permit & License under the Oil and Gas Conservation Act, Province of Saskatchewan, to drill its first oil well at its Bannock Creek Property. Saturn reports it has contracted with West Rock Energy Consultants Ltd. to provide all logistical support and the drill for the drilling program under the direction of the company's Geological team. Saturn states that it will mobilize the drilling rig and crew to the drill site as soon as the road ban restrictions due to soft ground conditions are lifted and the ground conditions permit. Saturn identified the well location in its recently completed 2D seismic program which was designed to identify and confirm closure for potential light oil traps in the stacked Red River, Winnipeg and Deadwood Formations of the Northeastern Williston Basin in Saskatchewan. The data confirmed the anticlinal four-way closure of the drillable prospect at Bannock Creek. The closed fault bounded roll over structure is 480 acres minimum in area and has the potential to contain up to 38 million barrels in place of resource from all three targeted reservoirs.

Saturn Minerals Inc. Announces Appointments to Advisory Board

Saturn Minerals Inc. announced that Chris Barton, Craig Boland and Curt Maxwell have joined the Advisory Board of Saturn, significantly bolstering the Companies operating technical team with regard to the company's oil & gas projects. Mr. Maxwell currently continues to be involved in several operating management teams.

Bayhorse and Saturn Minerals Amend Farm-in Agreement

Bayhorse Silver Inc. and Saturn Minerals Inc. have, subject to TSX-V approval, amended the Farm-In Agreement dated November 3, 2014 and as announced in the company's news release BHS2014-24. The terms for the Farm In Agreement to acquire 50% of Saturn's oil and gas rights on the Little Swan property with respect to the Equalization Payment to Saturn is amended as: Pay to Saturn $200,000, or, at the sole discretion of the company, 2,000,000 common shares of Bayhorse, on or before 45 days after Exchange approval and $200,000, or, at the sole discretion of the company, 2,000,000 common shares of Bayhorse, on or before 90 days after Exchange approval. All other terms of the Agreement remain unchanged.


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