I had the chance to speak with Stan Szary, CEO of Saturn Minerals Inc. (TSX.V: SMI), and discuss the Company’s next step after the announcement of oil discovery in the northeastern Williston Basin of Saskatchewan, Canada.

Stan, in February 2016 Saturn Minerals announced an oil discovery on the Bannock Creek project. Can you tell us more about the discovery?

We discovered oil on our Bannock Creek project near the town Hudson Bay in an area with the highest risk because it is at the underexplored edge of the Williston Basin. The discovery is more than 250 km north of Crescent Point’s oil producing Tyvan Pool. The confirmation of oil in the Red River formation in the 480 acres four way closure structure means, that our exploration model works.

Can you tell us more about the flow-test?

Please understand that we are currently on a tight-hole status. We do not disclose more details on the oil discovery for now. The tight-hole rule helps companies like Saturn Minerals to develop a strategy after a special event. Saturn is not the same company anymore, this should be clear.

The current share price is almost as low as it was before Saturn’s discovery. What is the reason for that?

In a normal world the share price should reflect the value and potential of a company. Since the beginning of April we noticed a lot of trading volume in Canada and Germany. More than 20 million shares were traded in the past 2 months on both sides of the ocean, 2/3 of the trading volume we saw in Toronto. That is about 15% of the company. As the CEO I am very focused on the next operational steps and as much transparency for our shareholders as possible. In the current situation we have to keep an eye on the big picture. Our investors will understand and appreciate it soon. Of course I am not happy, when people decide to sell our stock. But at the same time it is nice to see that a lot of new investors come on board. The insiders of Saturn Minerals are not allowed to trade our stocks since we started our drilling program and the tight-hole status is active.

In your recent new release you mentioned, that you are looking for new investors. Did you generate interest yet?

Yes, that is correct. We are currently preparing documents for upcoming meetings with potential investors. In the past weeks we already had first meetings and calls with potential investors. The upcoming weeks will bring more clarity. We want to prepare a drilling program for at least 2 additional oil wells in a region which we defined as a geographical triangle. For us it is important to find the right structure that meets the interest of our existing shareholders, the investor and us as a company moving forward.

What is your goal? What would you like to discuss with a potential investor?

Based on the tight-hole status we will discuss our vision. We believe that we will become a regional oil player over the next months and years. We think big, that’s why we are doing all the work and took all the risk over the past years. Our first step was to confirm the model; the rest will come step by step. Saturn can provide a perfect setup for investors. Our team always believed in the oil and now we simply have to execute the next steps.

Stan, thank you for your time.