Advancing a portfolio of coal & oil projects in Saskatchewan and Manitoba
Company has made the thickest coal seam intersections ever encountered in Canada at 88 metres
Message: Saturn Minerals starter test production
Your Vote:
Did you know?
You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)
Guest Author: Jrg Schulte
| 02.03.2016, 15:51
The test production on, Bannock Creek' area begins Now it is really exciting!
The Canadian energy company Saturn Minerals (ISIN: CA80410K1012 / TSX.V: SMI) announced yesterday that the test-production on, Bannock Creek' area in the northeastern part of Saskatchewan, Canada, begins. three weeks ago, the company has reported the discovery of a new oil deposit in this region.
Saturn Minerals is planning production tests in three different zones, Red River' lineup that includes the entire, Williston Basin 'petroleum. Overall, the thickness is about eight meters. In a previous message, the company called already details on the nature of the deposit. Accordingly, a porosity 12-16 percent of core could boast having an oil content of about 60 percent in a range of about three meters.
With the announced test production Saturn Minerals is creating facts on the economy of the region. Then we the future partners, investors and institutional investors can explain the economics of the region, the company plausible. The previous reaction of the capital market to the petroleum discovery in this new area near Hudson Bay, Saskatchewan, was more cautious. Larger buy orders have not yet been identified. However, this reaction is not uncommon in the current market environment. After all, the institutional investors wait usually with a stake in new projects until all available data is available.
We and the companies anticipate that Saturn Minerals is below 20 USD per barrel and the passage of time per well to produce approximately 125 barrels per day in the region in case of success. Anyone planning an entry at Saturn Minerals, should take into account that the new data location during the month may lead to a significantly higher price level under increasing volume is achieved by institutional investors.
1 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply