Saturn Oil + Gas Inc. Announces Asset Exchange Agreement and Operational Update

Saturn Oil + Gas Inc. (“Saturn” or the “Company”) (TSX VENTURE:SMI)(FRANKFURT:SMK) is pleased to announce it has entered into an Asset Exchange Agreement with a major Viking producer and successfully completed drilling operations on its first two Viking horizontal wells.

As quoted in the press release:

“This asset exchange aligns with our corporate strategy and has allowed us to further build our position in the Flaxcombe area. Our technical team has continued to de-risk and identify drill locations in our Flaxcombe holdings and this asset exchange has allowed us to tie our land together to eight sections of contiguous working interest,” stated John Jeffrey, CEO at Saturn Oil + Gas Inc.

Click here for the full text release

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